Company: GVSE
Filing Date: 2025-03-24
Form Type: S-1
Source: 0001641172-25-000381
Chunk: 58

Company: Gameverse Interactive Corp
Filing Date: 2025-03-24
Form: S-1
Chunk 58
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 salary of $120,000 in accordance with the Company’s customary
payroll practices and applicable wage payment and withholdings laws and requirements. Effective upon the listing of the Company’s
common stock on a national stock exchange, Mr. Pitstick’s base salary will be increased to $180,000. Additionally, as part of
the Executive’s compensation, the Executive shall receive a grant of 176,587 restricted stock units (the “RSUs”). The
176,587 RSUs will vest monthly over a thirty-six (36) month term (i.e., 1/36 per month). In addition, any unvested RSUs at the time of
a “Change in Control” (as defined below) shall become immediately vested at such date. The Executive shall also be entitled
to an annual bonus of up to one hundred (100) percent of his existing base salary subject to milestone and metrics to be mutually agreed
upon by Employee and the Company’s Board of Directors.

Consulting Agreement

The Company does not have any consulting agreements at this time.

Outstanding Equity Awards at Fiscal Year End

During our fiscal years ended December 31, 2024, and December 31, 2023, there were no equity-based awards granted to any executive officers of the Company.

Option Exercises

During our fiscal years ended December 31, 2024, and December 31, 2023, no named executive officer held or exercised any options.

Compensation of Directors

During the fiscal years ended December 31, 2024, and December 31, 2023, Jared Thau and Jordan Thau accrued compensation for their services in the amount of $306,933 and$234,091, respectively.

On or about October 6, 2023, we entered into a Director’s Agreement with each of our five directors pursuant
to which they would serve on our Board of Directors, would be issued 25,000 shares of common stock following the completion of the initial
public offering of our common stock, and would be reimbursed for reasonable expenses incurred by the directors in the performance of their
duties.

Pension, Retirement or Similar Benefit Plans

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers. We have no material bonus or profit-sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options may be granted at the discretion of the Board or