# EDGAR Filing Document

**Accession Number:** 0002017541
**File Stem:** 0001493152-26-005842
**Filing Date:** 2026-2
**Character Count:** 513924
**Document Hash:** e05f021371753272c1c90d10be81091c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-005842.hdr.sgml**: 20260210

**ACCESSION NUMBER**: 0001493152-26-005842

**CONFORMED SUBMISSION TYPE**: S-1/A

**PUBLIC DOCUMENT COUNT**: 21

**FILED AS OF DATE**: 20260210

**DATE AS OF CHANGE**: 20260209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gameverse Interactive Corp
- **CENTRAL INDEX KEY:** 0002017541
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 920274909
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-286068
- **FILM NUMBER:** 26613089

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 S PINE ISLAND RD STE 210
- **CITY:** PLANTATION
- **STATE:** FL
- **ZIP:** 33324
- **BUSINESS PHONE:** 5613537613

**MAIL ADDRESS:**
- **STREET 1:** 1000 S PINE ISLAND RD STE 210
- **CITY:** PLANTATION
- **STATE:** FL
- **ZIP:** 33324

**As filed with the Securities and Exchange Commission on February 10, 2026.** 

**Registration No. 333-286068**

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**Amendment No. 4** 

**to**

**FORM S-1**

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

**Gameverse Interactive Corp**

**(Exact name of registrant as specified in its charter)** 

---

| | | |
|:---|:---|:---|
| **Nevada** | **7372** | **92-0274909** |
| (State or other jurisdiction of<br> incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer<br> Identification Number) |

---

**2300 E Las Olas Blvd, 4<sup>th</sup> Fl.**

 **Fort Lauderdale, FL 33301** 

**(954) 765-8221**

(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)

**Jared Thau**

**Chief Executive Officer**

 **2300 E Las Olas Blvd, 4<sup>th</sup> Fl.**

 **Fort Lauderdale, FL 33301** 

**(954) 765-8221**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

*Copies to:*

 ****

---

| | | |
|:---|:---|:---|
| **Joseph M. Lucosky, Esq.**<br> **Federica Pantana, Esq.**<br> **Lucosky Brookman LLP**<br> **101 Wood Avenue South, 5<sup>th</sup> Floor**<br> **Iselin, NJ 08830**<br> **(732) 395-4400** | **Jared Thau**<br> **Chief Executive Officer**<br> **2300 E Las Olas Blvd, 4<sup>th</sup> Fl.** <br> **Fort Lauderdale, FL 33201** <br> **(954) 765-8221** | **Ross Carmel, Esq.** <br> **Scot Foley, Esq.** <br> **Matthew Palumbo, Esq.** <br> **Sichenzia Ross Ference Carmel LLP** <br> **1185 Avenue of the Americas, 31<sup>st</sup> Floor** <br> **New York, NY 10036** <br> **(212) 930-9700**  |

---

 ****

**Approximate date of commencement of proposed sale to the public:** As soon as practicable after this registration statement becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
|  |  | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the U.S. Securities and Exchange Commission, acting pursuant to such Section 8(a), may determine.**

The information in this preliminary prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.

Subject to Completion, Dated February 10, 2026.

**Gameverse Interactive Corp**

![](forms-1a_001.jpg)

**3,750,000 Shares of** **Common Stock**

This is the initial public offering of 3,750,000 shares of the common stock, $0.001 par value per share, of Gameverse Interactive Corp, a Nevada corporation (the "Company," "Gameverse," "we," "us," or "our"). Prior to this offering, there has been no public market for our common stock. The initial public offering price is expected to be $4.00 per share of common stock.

We intend to apply to have our common stock listed on the Nasdaq Capital Market ("Nasdaq") under the symbol "GVSE." There can be no assurance that such application will be approved. If shares of our common stock are not approved for listing on Nasdaq, we will not consummate this offering.

We are an "emerging growth company" and a "smaller reporting company" as defined in the federal securities laws and may elect to comply with certain reduced public company reporting requirements for future filings.

Immediately after this offering and after giving effect to this offering and assuming an offering size set forth above, Jared Thau and Jordan Thau will beneficially own approximately [__]% of the voting power of our common stock (or [__]% of the voting power of our common stock if the underwriters' option to purchase additional shares is exercised in full). As a result, we expect to be a "controlled company" within the meaning of the corporate governance standards of Nasdaq. See "*Management—Controlled Company Status"* and "*Principal Stockholders*."

---

| | | |
|:---|:---|:---|
|  | **Per Share** | **Total** |
| Public offering price | $— | $— |
| Underwriting discounts and commissions<sup>(1)</sup> | $— | $— |
| Proceeds to us, before expenses | $— | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) We
 have agreed to issue to the Representative of the underwriters (as defined in "*Underwriting* "), warrants
 to purchase shares of common stock equal to 5% of the shares issued in this offering and to reimburse certain expenses of the representative
 in connection with this offering. In addition, we have agreed to reimburse the underwriters for certain expenses. We have agreed
 to pay at the closing of the offering non-accountable expense allowance to the Representative equal to 1% of the gross proceeds received
 in this offering. See "*Underwriting*" for additional information.

**Investing in our securities involves a high degree of risk. See the section titled "*Risk Factors*" beginning on page 8 of this prospectus for a discussion of information that should be considered in connection with an investment in our securities.**

**Neither the Securities and Exchange Commission nor any foreign or state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.**

We have granted the underwriters an option to purchase an additional 15% of the total number of the shares of common stock to be offered by us pursuant to this offering, equal to 562,500 shares of common stock, at the public offering price per share, less underwriting discounts and commissions, for 45 days from the date of this prospectus.

The underwriters expect to deliver the shares of common stock to the purchasers on or about , 2026.

*Sole Book-Running Manager*

**Revere Securities, LLC**

The date of this prospectus is , 2026.

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
| [PROSPECTUS SUMMARY](#lpa_025) | 1 |
| [RISK FACTORS](#lpa_023) | 8 |
| [SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS](#lpa_022) | 19 |
| [USE OF PROCEEDS](#lpa_020) | 20 |
| [DIVIDEND POLICY](#lpa_019) | 21 |
| [CAPITALIZATION](#lpa_018) | 21 |
| [DILUTION](#lpa_017) | 22 |
| [SELECTED FINANCIAL DATA](#lpa_016) | 23 |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#lpa_015) | 24 |
| [BUSINESS](#lpa_014) | 26 |
| [MANAGEMENT](#lpa_013) | 38 |
| [EXECUTIVE COMPENSATION](#lpa_012) | 40 |
| [CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS](#lpa_011) | 42 |
| [PRINCIPAL STOCKHOLDERS](#lpa_010) | 42 |
| [DESCRIPTION OF CAPITAL STOCK](#lpa_009) | 43 |
| [SHARES ELIGIBLE FOR FUTURE SALE](#lpa_008) | 45 |
| [SELLING RESTRICTIONS](#pri_002) | 47 |
| [MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK](#lpa_007) | 48 |
| [UNDERWRITING](#lpa_006) | 52 |
| [LEGAL MATTERS](#lpa_005) | 56 |
| [EXPERTS](#lpa_004) | 56 |
| [WHERE YOU CAN FIND ADDITIONAL INFORMATION](#lpa_003) | 56 |
| [INDEX TO FINANCIAL STATEMENTS](#lpa_002) | F-1 |

---

Neither we nor any of the underwriters have authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectuses we have prepared. Neither we nor any of the underwriters take responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The underwriters are offering to sell and seeking offers to buy shares of their common stock but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is current only as of its date, regardless of the time of delivery of this prospectus or of any sale of our common stock.

**Through and including [________], 2026 (the 25<sup>th</sup> day after the listing date of our common stock), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus.** 

For investors outside the United States: Neither we nor any of the underwriters have done anything that would permit the use of or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of our common stock by the underwriters and the distribution of this prospectus outside the United States.

i

[**Table of Contents**](#lpa_027)

**PROSPECTUS SUMMARY** 

*This summary highlights selected information that is presented in greater detail elsewhere in this prospectus. This summary does not contain all of the information you should consider before investing in our common stock. You should read this entire prospectus carefully, including the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and the related notes included elsewhere in this prospectus, before making an investment decision. Unless the context otherwise requires, the terms "Gameverse," "Gameverse Interactive," "the Company," "we," "us" and "our" in this prospectus refer to Gameverse Interactive Corp and its consolidated subsidiaries and references to our "common stock" include our common stock.* 

**Overview**

Gameverse Interactive Corp was incorporated in the State of Nevada on September 13, 2022, and is based in Fort Lauderdale, Florida. Gameverse Interactive Corp is a software and video game development company that specializes in technologies, with a focus on creating immersive and engaging experiences for players and developers of all ages around the world. Further, the Company uses virtual reality support, which is built into the 3D creation tools, Unreal engine and GoDot engine, meaning the Company will be using these tools to eventually integrate this support into our game client that will connect users to the main game server. The status of the Company's game client is still in development. The heart of Gameverse Interactive Corp is two brothers who want to change the world of gaming through innovative ideas where they see the sector lacking in today's gaming world.

Our live web platform, TruWorlds, is nearing Minimal Viable Product ("MVP") completion, and public testing is expected to occur within the next three months, or by the middle of June 2026. Our game client and game editor are paired together, and we are currently breaking ground on them. The MVP phase of our web platform will be completed with the Company's existing funds, but the full-fledged product and the game client and editor will most likely require the funds raised in this initial public offering to be completed.

Additionally, developers and creators will be able to sell "in-game" consumables on the game client, and products (such as shirts, pants, etc.) throughout the website. Developers will sell these items and receive an in-game currency, similar to virtual credits, ("TruCoin") in exchange. Users can spend TruCoins on game-consumables, however TruCoins do not have value outside of the game, they are simply credited to the users account when purchased in-game and cannot be transferred or sold.

 **Operational Milestones**

The Company's recent activities and those planned in the upcoming 12 months have included and will include the following:

Phase 1: Web Platform Development & Internal Testing (Completed Q4 2024)

● Completed development of the web platform, including marketplace, avatar system, forum, and moderation tools.

● Conducted internal testing and iteration to ensure platform stability, scalability, and core functionality.

● Laid the foundation for user-generated content, creator monetization, and community interaction.

Phase 2: Public Testing & Feature Expansion (Ongoing – Q2 2026)

● Open Alpha (our proprietary web platform) testing released with early users actively creating and selling avatar clothing (shirts, pants, shoes) and transacting with TruCoin.

● Public demo account provided for institutional and partner evaluation.

● Gathering real-time user feedback to refine User Interface and User Experience, or UX/UI, marketplace flow, and transaction mechanics.

● Continued onboarding of early creators and scaling community growth across Discord application and web.

○ Discord community initially established with 6,000+ users (currently reaching approximately 11,000 members).

○ Organic user signups and community engagement achieved without paid marketing.

○ Routine purging mechanism pursuant to which accounts that are not active on the platform are identified and deleted.

● Implemented Feature List (from Phase 1 to now):

○ TruCoin in-platform currency, integrated and fully functional.

○ Avatar Customization, allows users to customize their avatar.

○ Forums, live with posting, replying, and moderation tools.

[**Table of Contents**](#lpa_027)

○ Developer-uploaded assets, supported and visible in user shops.

○ Demo account created for institutional access and testing.

○ Inventory system, operational with item ownership tracking.

○ Profanity filters and user reporting system.

○ Internal admin tools for moderation and content management.

○ User registration and account security infrastructure.

○ Real-time TruCoin wallet and balance tracking system.

○ Creator item sales system, functional with transaction history.

○ CDN, integrated for faster asset/file/image across the globe.

○ Forum moderation tools: pin, lock, delete, warn, and shadowban.

○ Unique user ID and item ID generation with conflict resolution.

○ Time-based item visibility (e.g., future drops, limited items).

○ Backend queuing system for handling simultaneous uploads.

○ Asset compression and optimization pipeline for uploads.

○ Developer and item reporting admin panel (internal use).

○ Terms of service and privacy policy acceptance on account creation.

○ Responsive layout design for tablet and smaller screen support.

○ Initial SEO pass for landing pages and marketplace indexing.

○ Activity logging for tracking login locations and suspicious behavior.

○ Social sharing buttons and deep links for assets and profiles.

○ System to award TruCoins for testing, onboarding, or promotional use.

○ Live username search and player profile viewing.

○ Clothing try-on feature before purchase.

○ Inventory sorting and pagination for user items.

○ Auto-thumbnail generation for uploaded assets.

○ Forum post edit functionality.

○ Basic notification system (e.g., for purchases or replies).

○ Transaction history logs per user account.

○ Marketplace item filtering by type (e.g., shirt, pants, shoes).

○ Avatar preview with equipped items visible across sessions.

[**Table of Contents**](#lpa_027)

○ Public-facing user stats (joined date, items owned, etc.).

○ Logged moderation actions for audit trail.

○ Access restriction for banned/suspended users.

○ Sitewide UI implemented with consistent theme styling.

○ Server-side rate limiting and anti-spam protections in forum.

○ Integrated S3 or Azure Blob-style storage for asset files.

○ Basic engagement metrics.

○ Marketplace item approval flow with admin override system.

○ Dynamic user status indicators (e.g., online, recently active).

○ Site-wide indicator for announcements, events, or updates.

○ Rate-controlled image uploader with preview and validation.

○ Creator profile bios and social links (e.g., Discord, Twitter).

○ Realtime API endpoints for future game client integration.

○ Performance monitoring dashboard for server usage, latency, and load.

○ Advanced DDoS Protection measures, to ensure maximum reliability and stability.

○ Content Caching, to save resources and provide faster response times.

○ Admin Panel capable of managing everything across the site, with the ability to ban users, edit content, view metrics.

Phase 3: Game Client Development (Q3 2026 – Q3 2027)

● Architecture & Planning (Q3 2026): Finalized preliminary engine choice (Godot), framework setup, and integration planning with the web platform.

● Prototype & Early Access (Q4 2026 – Q1 2027): Begin development of the downloadable 3D game client; first internal builds with limited gameplay capabilities and real-time environment loading.

● Public Client Launch (Q2 2027): Release downloadable client to the public, allowing users to enter and create 3D games, explore user-made Realms, and participate in cross-platform experiences.

Phase 4: Creator Studio & Game Editor (Q3 2027 – Q4 2027)

● Launch of in-browser or downloadable Game Editor, enabling developers to create games, publish assets, and monetize experiences.

● Support no-code/low-code tools for accessibility, plus deep scripting and asset control for advanced creators.

● Begin onboarding studios and solo developers to create launch titles and showcase projects.

At the end of 2024, we concluded our internal testing of a live web platform that is poised to begin a new era of interactive experiences. We plan to start publicly testing this platform by Q1 2026. Following that, our game client, which we expect to be available for download in Q4 2026 – Q1 2027, will allow users to enter any game we build on our platform, experiencing it within our photorealistic 3D environments and benefiting from iterative updates and improvements. Lastly, a game editor will become available, enabling creators to bring their games and assets to life and publish them on our platform. As players register on Gameverse and create their own avatars, they will be able to interchangeably enter and exit all of the experiences pre-built and there for the taking – the vast majority being available for free. For those who create experiences on Gameverse, they will have extensive control over the monetization of their realm.

We are a software and video game development company. Our goal is to create immersive and engaging new experiences for players and developers of all ages. Our TruWorlds platform seeks to offer players a new way of interacting both with each other and with the virtual world around them. Gameverse intends to offer a revolutionary online gaming platform that empowers users to unleash their creativity and build their own 3D worlds. With our proprietary and intuitive game development studio, we hope to offer tools and a powerful game engine where users can create games with stunning graphics, exciting game mechanics, and endless possibilities. Whether you are an experienced game developer or a first-time creator, Gameverse offers the flexibility and support you need to bring your vision to life.

Some refer to our category as the metaverse, a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. The idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.

Gameverse allows players to publish their games and make them available to a global community of players. The platform encourages players to customize their avatars, interact with other players, and even create their own video games. With robust social features, players can make friends and even join communities to collaborate and connect with like-minded people. We are committed to providing a safe and secure environment for all players on Gameverse. We have a comprehensive set of moderation tools and systems in place to ensure that all games and interactions are respectful, inclusive, and fun for everyone. At Gameverse Interactive, we believe that TruWorlds will revolutionize the online gaming industry and provide an unparalleled level of creativity and engagement for players. We are excited to see what our community of developers and players will create, and we look forward to welcoming you to Gameverse Interactive.

[**Table of Contents**](#lpa_027)

Gameverse Interactive's mission is to allow creators to build their imaginations while retaining their entrepreneurial spirit and maintaining ownership - while allowing players to experience one-of-a-kind, state of the art games with the most modern gaming technology and inclusive community, TruWorlds will allow creators to create and maintain ownership of their intellectual property and allow players to experience those games in an inclusive and engaging community. In its final iteration, TruWorlds will use the latest Unreal engine or GoDot engine to allow players to experience worlds in the highest quality possible and allow creators to make worlds using the latest and greatest technology in the industry. Gameverse will use Unreal engine or GoDot engine's free license, which is permitted for individuals and small businesses with less than $1.00 in gross revenue. First, user-generated content, built by our community of developers and creators, powers our platform. As developers and creators build increasingly high-quality content, we believe more users will be attracted to our platform. The more users on our platform, the higher the engagement and the more attractive Gameverse becomes to developers and creators. With more users, more money is spent on our platform, incentivizing developers and creators to design increasingly engaging content and encouraging new developers and creators to start building on our platform.

Further, developers and creators will be able to sell "in-game" consumables on the game client, and products (such as shirts, pants, etc.) throughout the website. Developers will sell these items and receive TruCoins for them. To support the platform and maintain its features, we plan to implement a marketplace fee in the estimated range of 15% to 30% on all TruCoin transactions; as we have not released that part of our platform yet, the fee would be determined by the upkeep cost of the games as we don't require our developers to pay for anything. When this feature is fully made, creators who sell virtual items (e.g., shirts, pants, shoes) will receive TruCoins for their sales.

Second, our platform is social. When users join, they typically play with friends. This inspires them to invite more friends, who, in turn, invite their friends, driving organic growth. The more friends that each of our users has playing together on the platform, the more valuable and engaging the platform becomes. This drives more users to our platform through word of mouth from their existing friends on the platform.

**Operational Status** 

As of the first quarter of 2026, Gameverse Interactive has an active community of over 11,000 members on Discord and our Alpha web platform is currently operational with nearly 3,000 users, who are testing and transacting on the platform.

A "Discord member" refers to an individual user who has joined the official Discord community server operated by the Company. This metric reflects the total number of users who have voluntarily joined the server, whether or not they are currently active. The Company does not generate any revenue from Discord membership fees, as the Discord membership is free and not a monetized channel. Unless otherwise specified, the number of Discord members includes both active and inactive members.

The number of Discord members is an indicator of community engagement and user interest in the Company's products and platform. While it does not directly generate revenue, it serves as a leading measure of brand awareness, developer relations, and early-stage user acquisition. Growth in Discord membership demonstrates traction among creators and players and provides a feedback loop for testing features, gathering user input, and building network effects that support future monetization.

To date, the Company has not generated any material revenue from users of the Alpha web platform as the platform remains in its pre-launch or testing phase, during which the Company is focusing on onboarding developers, gathering user feedback, and optimizing core functionality rather than monetization.

During such testing stage of the Alpha platform, users are able to engage in limited transactions using test currency issued by the Company for testing purposes. This test currency allows users to simulate purchases, sales, and other in-platform economic activities without the use of actual money. The purpose of these transactions is to test the platform's payment infrastructure, marketplace functionality, and user experience systems ahead of the introduction of real monetization. No actual revenue has been generated from these test transactions.

**Product Features**

Gameverse's platform is hosted on Microsoft Azure and includes an internal admin panel, profanity filters in both engine and chat, and user reporting tools. The Company is currently in AI moderation and is planning to integrate third-party image and voice moderation. Additional key features include a smart content filter system, a secure 3D avatar rendering engine, and backend methods for asset protection and intellectual property (IP) locking currently under patent review.

**Core Differentiators and Competitive Advantages**

We offer three core differentiators, which include a child-first safety model with human moderation, content filtering and future child safety specialists. Our platform guarantees true developer protection, as we do not seize games or IP. Additionally, we are built on a creator-first model that's fair, supportive, and fosters direct relationships, positioning the Company for the next evolution of immersive gaming platforms. TruWorlds emphasizes verified creators, stronger moderation and identity controls, real IP protection, Unlike other competitor gaming platforms focused scale and profitability, our Company is committed to prioritize safety, ownership, creator sustainability, and quality.

**Our Community**

TruWorlds will be fueled by every day, grassroots users from all around the world who yearn to bring their ideas to life. Users can customize their avatars, by changing colors and equipping accessories. While all developers are users, not every user is a developer; thus the "community" has a subset of users: developers. Users and developers maintain a symbiotic relationship: developers create unique worlds, and users play those worlds.

**Our Users** 

The term "user" encompasses an individual who plays TruWorlds and may also develop on it. All users, including developers, can purchase assets in the catalog, play user-generated games (worlds), join or create guilds, interact with other users, and post on the forum.

**Our Developers and Creators**

[**Table of Contents**](#lpa_027)

**Our Products and Technology**

Gameverse allows developers to build deeply immersive 3D environments where users can share synchronous experiences with others, independent of where they may be physically.

Website/Cloud API (Application Programming Interface), is the main entry point for everything TruWorlds. It allows users to sign up, customize their characters, purchase consumables and currency, interact with other users, discover new worlds, join or create guilds and much more. TruWorlds will have two principal sub-platforms: TruWorlds Editor and TruWorlds Client. The TruWorlds Editor tool is provided for developers to bring their ideas to life, allowing for map creation, coding, and completing worlds. TruWorlds Client is client software that allows users to play worlds and enable user interaction.

***Variety of Content***

Developers and creators build nearly all of the content for Gameverse Interactive. Developers build, publish, and operate 3D experiences using a suite of tools accessible to all skill levels from novice to professional.

***Economy***

 

TruWorlds will allow players to purchase digital currency, TruCoins - which can be spent in games and on the web platform for digital items. For in-game transactions, creators will be able to make products or upgrades that players can purchase with said currency, which creators will earn revenue from. TruWorlds will offer various tiers, which will allow both players and creators to earn a daily stipend of currency depending on the tier.

Our TruCoins do not utilize any blockchain or other digital ledger technology. TruCoins are considered an in-game currency users can spend on in game-consumables, similar to virtual credits, and TruCoins do not have value outside of the game. Separate from a cryptocurrency that is minted, TruCoins are not, as the TruCoins are simply credited to the users account when purchased in-game. Additionally, TruCoins are not stored in a digital wallet like a crypto currency wallet; rather, they are just accumulated in-game and cannot be transferred or sold. Lastly, users who want to purchase in-game consumables can only do so by using TruCoins.

 

Additionally, on the TruWorlds platform, when a virtual item is sold, the TruCoins are transferred from the purchaser to the developer, in which such transaction occurs entirely within the TruWorlds platform, where TruCoins serve as the medium of exchange for virtual items. This transfer is confined to our platform; essentially, TruCoins functions as a closed-loop credit that facilitates transactions for virtual items on our platform.

**Revenue Generation for Developers**

Developers earn TruCoins through the sale of virtual items, which are priced in TruCoins. This model allows developers to monetize their creations directly within the TruWorlds ecosystem. The revenue generated in the form of TruCoins can only be used on our platform. The TruCoins are designed exclusively for use within the TruWorlds platform and cannot be converted or exchanged into U.S. dollars or any other currency, nor can they be withdrawn from our platform. This ensures that TruCoins maintain their value and utility solely within our ecosystem, providing a seamless experience for users and developers alike.

 

***Safety***

Multiple systems are integrated into the TruWorlds platform to promote civility and ensure the safety of our users. These systems are designed to enforce our policies, protect users' personal information, and abide by local laws. We utilize leverage text-filtering, content moderation systems, and automated systems to proactively identify behaviors that may violate our policies. A human review team is continuously operating to evaluate flagged experiences.

**Our Growth Strategies** 

We believe that the Gameverse Interactive platform has the potential to transform how people express themselves, socialize, play, learn, work, and transact together around the world. We are focused on the following key growth strategies:

● **Expanding User Base:** Through targeted marketing and partnerships with influencers, we aim to grow our user base significantly.

● **Innovation:** Continuously innovating our platform to stay ahead of industry trends and incorporating user feedback to enhance the user experience.

● **Global Reach:** Expanding our reach to international markets, making TruWorlds a global platform for creators and players.

● **Monetization:** We believe there is significant potential to increase monetization on our platform. The Company's monetization efforts are currently active, and TruCoins are being awarded to testers.

***Channels for Disclosure of Information***

Investors, the media and others should note that, following the effectiveness of the registration statement of which this prospectus forms a part, we intend to announce material information to the public through filings with the Securities and Exchange Commission, or the SEC, the investor relations page on our website, at www.gameverseinteractive.com, press releases, public conference calls and webcasts. We use these channels, as well as social media, to communicate with our developers, creators, users, and the public about our company, our platform and other issues, and the information disclosed by the foregoing channels could be deemed to be material information. As such, we encourage investors, the media and others to follow the channels listed above and to review the information disclosed through such channels. However, information contained on, or that can be accessed through, these channels does not constitute a part of this prospectus and is not incorporated by reference herein. Any updates to the list of disclosure channels through which we will announce information will be posted on the investor relations page on our website.

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***Recent Development***

 

On September 24, 2025, the Company's Board of Directors approved the transfer of the Company's holdings of 500,000 common shares in Tron, Inc. to the Company's two founders in consideration of accrued compensation and bonuses due to the founders for services rendered to the Company. On the same date, the Company entered into a stock purchase agreement with the two founders in order to execute the share transfer.

On the same date, the Company's Board of Directors authorized the establishment of a new Series A Preferred Stock and approved the issuance of 51 total shares of Series A Preferred Stock to the Company's two founders. Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 *multiplied by* the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the "Numerator"), *divided by* (y) 0.49, *minus* (z) the Numerator. Based on the Company's 11,772,500 issued and outstanding shares of Common Stock as of February 10, 2026, the shares of Series A Preferred Stock, in the aggregate, would have approximately 12,252,483 votes, representing approximately 51% of the total voting power of the Company. With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation's Articles of Incorporation or by-laws.

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***Corporate Information***

We were incorporated in 2022. Our principal executive offices are located at 2300 E Las Olas Blvd, 4<sup>th</sup> Fl., Fort Lauderdale, FL 33301 and our telephone number is (954) 765-8221. Our website address is www.gameverseinteractive.com. Information contained on, or that can be accessed through, our website does not constitute part of this prospectus and inclusions of our website address in this prospectus are inactive textual references only. You should not consider the information contained on our website to be part of this prospectus or in deciding whether to purchase shares of our common stock.

"![](forms-1a_001.jpg)" our logo and our other registered or common law trademarks, service marks or trade names appearing in this prospectus are the property of the Company. Other trademarks and trade names referred to in this prospectus are the property of their respective owners. Solely for convenience, trademarks and trade names referred to in this prospectus, including logos, artwork and other visual displays, may appear without a trademark symbol, but such references are not intended to indicate in any way that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensor to these trademarks and trade names. We do not intend our use or display of other entities' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other entity.

We believe we are eligible for, and intend to take advantage of, the "controlled company" exemption to the corporate governance rules for Nasdaq-listed companies.

As an "emerging growth company", we are eligible for several reduced reporting requirements, including the following:

● the requirement to present only two years of audited financial statements and only two years of related management's discussion and analysis in this prospectus;

● the ability to elect or delay compliance with new or revised accounting standards until they are made applicable to private companies;

● an exemption from compliance with the auditor attestation requirement on the effectiveness of our internal control over financial reporting;

● reduced disclosure about our executive compensation arrangements; and

● an exemption from the requirements to obtain a non-binding advisory vote on executive compensation or shareholder approval of any golden parachute arrangements.

We may take advantage of these provisions until we are no longer an emerging growth company. We would cease to be an "emerging growth company" upon the earliest to occur of: (i) the last day of the fiscal year in which we have more than $1.235 billion in annual revenue; (ii) the date we qualify as a large accelerated filer, which would occur as of the last day of the fiscal year in which we have been subject to SEC reporting requirements for at least 12 months, we have filed at least one Annual Report on Form 10-K and we have at least $700 million of equity securities held by non-affiliates as of the end of the second quarter of that fiscal year; (iii) the date on which we have, in any three-year period, issued more than $1.0 billion in non-convertible debt securities; and (iv) the last day of the fiscal year ending after the fifth anniversary of the listing of our common stock on Nasdaq. We may choose to take advantage of some but not all of these reduced reporting burdens. We have taken advantage of certain reduced reporting burdens in this prospectus. Accordingly, the information contained herein may be different than the information you receive from other public companies in which you hold stock.

The Jumpstart Our Business Startup Act permits an emerging growth company like us to take advantage of an extended transition period to comply with new or revised accounting standards applicable to public companies until those standards would otherwise apply to private companies. We have elected to use this extended transition period until we are no longer an emerging growth company or until we affirmatively and irrevocably opt out of the extended transition period. As a result, we will not be subject to the same implementation timing for new or revised accounting standards as other public companies that are not emerging growth companies, and our consolidated financial statements may not be comparable to the financial statements of companies that comply with new or revised accounting pronouncements as of public company effective dates. It is possible that some investors will find our common stock less attractive as a result, which may result in a less active trading market for our common stock and higher volatility in our stock price.

See the section titled "*Risk Factors—Risks Related to Our Business—We are an "emerging growth company"*" and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors."

We are also a smaller reporting company as defined in the Securities Exchange Act of 1934, as amended, or the Exchange Act. We may take advantage of certain of the scaled disclosures available to smaller reporting companies and will be able to take advantage of these scaled disclosures for so long as (i) the market value of our voting and non-voting common stock held by non-affiliates is less than $250 million measured on the last business day of our second fiscal quarter or (ii) our annual revenue is less than $100 million during the most recently completed fiscal year and the market value of our voting and non-voting common stock held by non-affiliates is less than $700 million measured on the last business day of our second fiscal quarter. Specifically, as a smaller reporting company, we may choose to present only the two most recent fiscal years of audited financial statements in our Annual Report on Form 10-K and have reduced disclosure obligations regarding executive compensation and, if we are a smaller reporting company with less than $100 million in annual revenue, we would not be required to obtain an attestation report on internal control over financial reporting issued by our independent registered public accounting firm.

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**The Offering**

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| | |
|:---|:---|
| **Common stock offered by us** | 3,750,000 shares. |
| **Underwriters' option to purchase additional shares of common stock** | We have granted the underwriters an option to purchase up to 15% of the total number of the shares of common stock to be offered by us pursuant to this offering, equal to 562,500 shares of common stock, at the public offering price per share, less underwriting discounts and commissions, for a period of 45 days from the date of this prospectus. |
| **Common stock outstanding after this offering** | 15,522,500 shares, or 16,085,000 shares if the underwriters exercise in full their option to purchase additional shares of common stock. |
| **Use of proceeds** | The net proceeds from our sale of shares of our common stock in this offering will be approximately $13.1 million, after deducting estimated underwriting discounts and commissions and offering expenses payable by us. If the underwriters exercise their option in full to purchase additional shares of common stock, our net proceeds from this offering will be approximately $15.0 million. We plan to use the net proceeds from this offering to accelerate the development of our TruWorlds platform, to initiate sales and marketing activities, to develop our customer support operations, to fund capital purchases and for general working capital purposes, including increased costs to operate as a public company. For additional information please refer to the section titled "*Use of Proceeds*" on page 20 of this prospectus. |
| **Risk factors** | Investing in our securities involves a high degree of risk. You should carefully review and consider the "*Risk Factors*" section of this prospectus for a discussion of factors to consider before deciding to invest in shares of our common stock. |
| **Representative's Warrants** | We have agreed to issue to the lead underwriter, as representative of the several underwriters, warrants to purchase a number of shares of common stock equal to 5% of the shares of common stock sold in this offering by us (including any shares of common stock sold upon exercise of the over-allotment option). The warrants will be exercisable at a price per share equal to 125% of the public offering price of the common stock in this offering. The warrants are exercisable at any time and from time to time, in whole or in part, during the period commencing six months from the date of commencement of sales of this offering and expiring five years after the commencement of sales of this offering. See the section titled "*Underwriting*." |
| **Proposed NASDAQ trading symbol** | We intend to apply to have our shares of common stock listed on NASDAQ under the symbol "GVSE." |
| **Controlled company** | Immediately after this offering and after giving effect to this offering and assuming an offering size set forth above, Jared Thau and Jordan Thau will beneficially own approximately [__]% of the voting power of our common stock (or [__]% of the voting power of our common stock if the underwriters' option to purchase additional shares is exercised in full). As a result, we expect to be a "controlled company" within the meaning of the corporate governance standards of NASDAQ. See "*Management—Controlled Company Status*" and "*Principal Stockholders*." |

---

The number of shares of common stock that will be outstanding after this offering set forth above is based upon 11,772,500 shares of common stock outstanding as of February 10, 2026.

Except as otherwise indicated herein, all information in this prospectus assumes the following:

● no
 exercise by the underwriters of their option to purchase additional shares of common stock; and

● no
 exercise of the representative's warrant.

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**RISK FACTORS** 

*Investing in our common stock involves a high degree of risk. You should carefully consider the risks described below, as well as the other information in this prospectus, including our consolidated financial statements and "Management's Discussion and Analysis of Financial Condition and Results of Operations," before deciding whether to invest in our common stock. The occurrence of any of the events or developments described below could materially and adversely affect our business, financial condition, results of operations, and growth prospects. In such an event, the market price of our common stock could decline, and you may lose all or part of your investment. Additional risks and uncertainties not presently known to us or that we currently believe are not material may also impair our business, financial condition, results of operations, and growth prospects.* 

**Risks Related to Our Business Generally** 

***Our financial condition and results of operations will fluctuate from quarter to quarter, which makes them difficult to predict and they may not fully reflect the underlying performance of our business.***

Our quarterly results of operations will fluctuate in the future, based on the seasonality of our business as well as external factors impacting the global economy, our industry and our company. You should take into account the risks and uncertainties frequently encountered by companies in rapidly evolving market segments. Our financial condition and results of operations in any given quarter can be influenced by numerous factors, many of which we are unable to predict or are outside of our control, including:

● our ability to maintain and grow our user base and user engagement;

● our ability to retain and grow our developer base and encourage them to continue developing experiences on our platform;

● the level of demand for our platform;

● the development and introduction of new or redesigned features on our platform or our competitors' platforms;

● seasonal fluctuations in user engagement on our platform;

● our pricing model;

● increases in marketing, sales, and other operating expenses that we may incur to grow and expand our operations and to remain competitive;

● our ability to successfully expand internationally and penetrate key demographics;

● our ability to maintain operating margins, cash used in operating activities, and free cash flow;

● system failures or actual or perceived breaches of security or privacy, and the costs associated with such failures, breaches and remediations;

● the availability of and cost to access the capital markets;

● disruptions or restrictions on our employees' ability to work and travel; and

● interruptions related to our infrastructure and partners.

 ****

***If our business becomes constrained by changing legal and regulatory requirements, our operating results will suffer.***

Our future success will depend in part on market acceptance and widespread adoption across demographics and geographies of our platform over other interactive entertainment offerings. The widespread availability of content generated by our developers and creators on our platform is a newer development and the regulatory framework for broad dissemination of this content is new and evolving. We provide our developers and creators with the ability to publish their content throughout the world, and each country is developing regulations and policies to regulate this new space, including with respect to privacy, gambling, intellectual property, childhood protection, consumer protection, ratings, and taxes. If we are unable to allow developers and creators to comply with potentially conflicting regulations throughout the world, our ability to execute our business model would be severely impacted, and our ability to grow our business could be harmed. Changes to these laws, regulations, standards, or obligations could require us to change our business model, take on more onerous obligations, and impact the functionality of our platform. If we are obligated to fundamentally change our business activities and practices or modify our platform, we may be unable to make these required changes and modifications in a commercially reasonable manner, or at all, and our ability to further develop and enhance our platform may be limited. The costs of compliance with, and other burdens imposed by, these laws, regulations, standards and obligations, or any inability to adequately address these, may limit the use of our platform or reduce overall demand for our platform, which could harm our business, financial condition and results of operations.

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***The success of our business model is contingent upon our ability to provide a safe online environment for children to experience and if we are not able to continue to provide a safe environment, our business will suffer dramatically.***

Our platform hosts a number of experiences intended for audiences of varying ages, a significant percentage of which are designed to be experienced by children. As a user generated content platform, it is relatively easy for developers, creators, and users to upload content that can be viewed broadly. We have made significant efforts to provide a safe and enjoyable experience for users of all ages. We invest significant technical and human resources to prevent inappropriate content on the platform by reviewing all images, audio, video, and 3D models at the time of upload in order to block inappropriate content before users have a chance to encounter it on the platform. Notwithstanding our efforts, from time-to-time inappropriate content is successfully uploaded onto our platform and can be viewed by others prior to being identified and removed by us. This content could cause harm to our audience and to our reputation of providing a safe environment for children to play online. If we are unable to prevent, or are perceived as not being able to sufficiently prevent, all or substantially all inappropriate content from appearing on our platform, parents and children will lose their trust in the safety of our platform, which would harm our overall acceptance by these audiences and would likely result in significantly reduced revenue, bookings, profitability, and ultimately, our ability to continue to successfully operate our platform.

Any criminal incidents involving Gameverse, whether or not we are directly responsible, could adversely affect our reputation as a safe place for children and hurt our business.

In addition, various local, national, and foreign laws and regulations apply to our operations, including the Children's Online Privacy Protection Act, or COPPA, in the U.S. and Article 8 of the European Union's, or EU's, General Data Protection Regulation, or GDPR. COPPA imposes strict requirements on operators of websites or online services directed to children under 13 years of age. Both the U.S. federal government and the states can enforce COPPA and violations of COPPA can lead to significant fines. No assurances can be given that our compliance efforts will be sufficient to avoid allegations of COPPA violations, and any non-compliance or allegations of non-compliance could expose us to significant liability, penalties and loss of revenue, significantly harm our reputation, and could be costly and time consuming to address or defend.

 ****

***Our reputation as a safe and civil environment for children is very important to our success and if we fail to protect users or we are perceived to be failing to protect users, our business will suffer and our results of operations could be materially and adversely affected.***

Unfavorable publicity regarding, for example, our privacy or data protection practices, terms of service, product changes, product quality, litigation or regulatory activity, the actions of our users, the actions of our developers or creators whose products are integrated with our platform, the use of our platform for illicit or objectionable ends (including the use of our platform to possibly entice children to interact off-platform), actual or perceived incidents or misuses of user data or other privacy or security incidents, the substance or enforcement of our community standards, the quality and integrity of content shared on our platform, or the actions of other companies that provide similar services to ours, has in the past, and could in the future, adversely affect our reputation. Although such activities are in violation of our terms and policies and we attempt to block objectionable material, we are unable to prevent all such violations from occurring. In addition, our platform may be used by criminal offenders to identify and communicate with children and to possibly entice them to interact off-platform, outside of the restrictions of our chat, content blockers and other on-platform safety measures. While we devote considerable resources to prevent this from occurring, any negative publicity could create the perception that we do not provide a safe online environment and may have an adverse effect on the size, engagement, and loyalty of our developer, creator and user community, which would adversely affect our business and financial results.

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***The lack of encryption for communications on our platform may increase the impact of a data security incident.***

Communications on our platform are not encrypted at this time. As such, any data security incident that involves unauthorized access, acquisition, disclosure, or use may be more impactful to our business. We may experience greater incident response forensics, data recovery, legal fees, and costs of notification related to any such potential incident, and we may face an increased risk of reputational harm, regulatory enforcement, and consumer litigation, which could further harm our business, financial condition, results of operations, and future business opportunities.

***If we are unable to successfully grow our user base, compete effectively with other platforms, and further monetize our platform, our business will suffer.***

We have made, and are continuing to make, investments to enable our developers to design and build compelling content and deliver it to our users on our platform. Existing and prospective developers may not be successful in creating content that leads to and maintains user engagement (including maintaining the quality of experiences) or they may fail to expand the types of experiences that our developers can build for users, and other global entertainment companies, online content platforms, and social platforms may entice our users and potential users away from, or to spend less time with, our platform, each of which could adversely affect users' interest in our platform and lead to a loss of revenue opportunities and harm our results of operations.

Additionally, we may not succeed in further monetizing our platform and user base. As a result, our user growth, user engagement, financial performance and ability to grow revenue could be significantly harmed if:

● we fail to increase or maintain active users;

● our user growth outpaces our ability to monetize our users, including if our user growth occurs in markets that are not as profitable;

● we fail to establish an international base of our developers, creators, and users;

● we fail to increase or maintain the amount of time spent on our platform, the number of experiences that our users share and explore with friends, or the usage of our technology for our developers;

● we do not develop and establish the social features of our platform, allowing it to more broadly serve the entertainment, education, and business markets;

● we fail to increase penetration and engagement across all age demographics;

● developers do not create engaging or new experiences for users;

● users reduce their purchases of Gameverse on our platform; or

● experiences on our platform do not maintain or gain popularity.

 ****

***Our business is highly competitive and subject to rapid changes. We face significant competition to attract and retain our users, developers, and creators that we anticipate will continue to intensify. Should we fail to attract and retain users, developers, and creators, our business and results of operations may suffer.***

We compete for both users and developers and creators. We compete to attract and retain our users' attention on the basis of our content and user experiences. We compete for users and their engagement hours with global technology leaders such as Amazon, Apple, Facebook, Google, Microsoft, and Tencent, global entertainment companies such as Comcast, Disney, and ViacomCBS, global gaming companies such as Activision Blizzard, Electronic Arts, Take-Two, Valve, Unity, and Zynga, online content platforms including Netflix, Spotify, and YouTube, as well as social platforms such as Facebook, Pinterest, and Snap.

We expect competition to continue to increase in the future. Conditions in our market could change rapidly and significantly as a result of technological advancements, the emergence of new entrants into the market, partnering or acquisitions by our competitors, continuing market consolidation, or changing developer, creator and user preferences, which can be difficult to predict or prepare for. Our competitors vary in size, and some may have substantially broader and more diverse offerings or may be able to adopt more lucrative payment policies or structures for developers. Failure to adequately identify and adapt to these competitive pricing pressures could negatively impact our business.

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 ***Rapid technological developments, including advances in artificial intelligence, could disrupt the gaming industry, adversely affect investor sentiment and have a negative impact on our business and the market price of our common stock.***

The video game industry is experiencing rapid technological change, including the increasing use of artificial intelligence ("AI") in content creation, game design, development workflows and player experiences. Recent announcements and demonstrations of AI-driven tools capable of generating interactive environments, gameplay mechanics or other game content have heightened investor concerns that traditional game development models could be disrupted or displaced. In response to such developments, publicly traded gaming companies have experienced periods of significant stock price volatility, reflecting uncertainty regarding the long-term competitive and economic impact of these technologies.

Although many AI-based tools are currently in early or developmental stages and may have technical, creative or commercial limitations, market perception alone may influence customer expectations, competitive dynamics and investor sentiment. The increasing availability of AI-enabled development tools could lower barriers to entry, reduce development timelines and costs for competitors, alter the value of proprietary technology and intellectual property, and change how games are conceived, produced and monetized. If we are unable to adapt our technology, development processes or business strategies in response to these changes, or if AI-driven alternatives reduce demand for our products or services, our business, results of operations and financial condition could be adversely affected.

In addition, heightened market sensitivity to emerging technologies may cause our stock price to experience increased volatility unrelated to our actual operating performance or prospects. Investor reactions to industry-wide technological developments, regardless of their maturity or practical adoption, could negatively impact the trading price of our common stock and make it more difficult for us to access capital on favorable terms, or at all.

 ****

***We may require additional capital to meet our financial obligations and support business growth, and this capital might not be available on acceptable terms or at all.***

We intend to continue to make significant investments to support our business growth and may require additional funds to respond to business challenges, including the need for developers and creators to develop new experiences and virtual items, enhance our existing experiences, improve our operating infrastructure or acquire complementary businesses, personnel and technologies. Accordingly, we may need to engage in equity or debt financings to secure additional funds. If we raise additional funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of our common stock. Any debt financing that we secure in the future could involve offering additional security interests and undertaking restrictive covenants relating to our capital raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business opportunities, including potential acquisitions. If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our ability to continue to support our business growth and to respond to business challenges could be significantly impaired, and our business, financial condition or results of operations may be harmed.

***If we are unable to maintain effective internal control over financial reporting, the accuracy and timeliness of our financial reporting may be adversely affected.***

As a public company, we will be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the Sarbanes-Oxley Act, and the rules and regulations of the listing standards of NASDAQ. We expect that the requirements of these rules and regulations will continue to increase our legal, accounting, and financial compliance costs, make some activities more difficult, time-consuming, and costly, and place significant strain on our personnel, systems, and resources. The Sarbanes-Oxley Act requires, among other things, that we maintain effective disclosure controls and procedures and internal control over financial reporting. We are continuing to develop and refine our disclosure controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we will file with the SEC is recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms and that information required to be disclosed in reports under the Exchange Act is accumulated and communicated to our principal executive and financial officers. We are also continuing to improve our internal control over financial reporting. In order to maintain and improve the effectiveness of our disclosure controls and procedures and internal control over financial reporting, we have expended, and anticipate that we will continue to expend, significant resources, including accounting-related costs and significant management oversight.

Our current controls and any new controls that we develop may become inadequate because of changes in conditions in our business. Further, we have identified in the past, and may identify in the future, deficiencies in our controls. Any failure to develop or maintain effective controls or any difficulties encountered in their implementation or improvement could harm our results of operations or cause us to fail to meet our reporting obligations and may result in a restatement of our financial statements for prior periods. Any failure to implement and maintain effective internal control over financial reporting also could adversely affect the results of periodic management evaluations and annual independent registered public accounting firm attestation reports. Ineffective disclosure controls and procedures and internal control over financial reporting could also cause investors to lose confidence in our reported financial and other information, which could have a negative effect on the trading price of our common stock. In addition, if we are unable to continue to meet these requirements, we may not be able to remain listed on Nasdaq. We are not currently required to comply with the SEC rules that implement Section 404 of the Sarbanes-Oxley Act and are therefore not required to make a formal assessment of the effectiveness of our internal control over financial reporting for that purpose. As a public company, we will be required to provide an annual management report on the effectiveness of our internal control over financial reporting commencing with our second Annual Report on Form 10-K.

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Our independent registered public accounting firm is not required to attest to the effectiveness of our internal control over financial reporting until after we are no longer an "emerging growth company" as defined under the federal securities laws. At such time, our independent registered public accounting firm may issue a report that is adverse in the event it is not satisfied with the level at which our internal control over financial reporting is documented, designed, or operating. Any failure to maintain effective disclosure controls and internal control over financial reporting could have a material and adverse effect on our business and results of operations and could cause a decline in the price of our common stock.

***If the security of our platform is compromised, it could compromise our and our developers', creators', and users' proprietary information, disrupt our internal operations and harm public perception of our platform, which could cause our business and reputation to suffer.***

We collect and store personal data and certain other sensitive and proprietary information in the operation of our business, including developer, creator and user information, and other confidential data. While we have implemented measures designed to prevent unauthorized access to or loss of our confidential data, mobile malware, viruses, hacking, social engineering, spam and phishing attacks have occurred and may occur on our systems in the future.

Further, the techniques used to obtain unauthorized access to, or to sabotage, systems or networks, are constantly evolving and generally are not recognized until launched against a target. Consequently, we may be unable to anticipate these techniques, react in a timely manner, or implement preventive measures, which could result in delays in our detection or remediation of, or other responses to, security breaches and other security-related incidents. The wide availability of open source software used in our solutions could also expose us to security vulnerabilities.

If any unauthorized access to our network, systems or data, including our sensitive and proprietary information, personal data from our users, developers or creators, or other data, or any other security breach occurs, or is believed to have occurred, whether as a result of third-party action, employee negligence, error or malfeasance, defects, social engineering techniques, or otherwise, our reputation, brand and competitive position could be damaged, and our users', developers', and creators' data and intellectual property could potentially be lost or compromised, and we could be required to spend capital and other resources to alleviate problems caused by such actual or perceived breaches and remediate our systems, we could be exposed to a risk of loss, litigation or regulatory action and possible liability, and our ability to operate our business may be impaired. Additionally, we contract with certain third parties to store and process certain data for us, including our distribution channels, and these third parties face similar risks of actual and potential security breaches, which could present similar risks to our business, reputation, financial condition, and results of operations.

The economic costs to us to reduce or alleviate cyber or other security problems such as spammers, errors, bugs, flaws, "cheating" programs, defects or corrupted data, could be significant and may be difficult to anticipate or measure. These issues may cause developers, creators, and users to use our platform less or stop using it altogether, and the costs could divert our attention and resources, any of which could result in claims, demands, and legal liability to us, regulatory investigations and other proceedings, and otherwise harm our business, reputation, financial condition or results of operations. There could also be regulatory fines imposed for certain data breaches that take place around the world. For example, the California Consumer Privacy Act, or CCPA, also allows for a private right of action for certain data breaches that relate to a specified set of personal information.

Although we plan on maintaining cyber, privacy, and network security liability insurance, subject to applicable deductibles and policy limits, such coverage may not extend to all types of privacy and cybersecurity incidents, and it may be insufficient to cover all costs and expenses associated with such incidents.

***Operating as a public company will require us to incur substantial costs and will require substantial management attention.***

As a public company, we will incur substantial legal, accounting, and other expenses that we did not incur as a private company. For example, we are subject to the reporting requirements of the Exchange Act, the applicable requirements of the Sarbanes-Oxley Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the rules and regulations of the SEC, and the listing standards of Nasdaq. The Exchange Act requires, among other things, that we file annual, quarterly, and current reports with respect to our business, financial condition, and results of operations. Compliance with these rules and regulations will increase our legal and financial compliance costs, and increase demand on our systems, particularly after we are no longer an "emerging growth company." In addition, as a public company, we may be subject to stockholder activism, which can lead to additional substantial costs, distract management, and impact the manner in which we operate our business in ways we cannot currently anticipate. As a result of disclosure of information in this prospectus and in filings required of a public company, our business and financial condition will become more visible, which may result in threatened or actual litigation, including by competitors.

This management team, as a group, has no experience managing a publicly traded company, and certain members joined us more recently. As such, our management team may not successfully or efficiently manage our transition to being a public company subject to significant regulatory oversight and reporting obligations under the federal securities laws and the continuous scrutiny of securities analysts and investors. These new obligations and constituents will require significant attention from our senior management and could divert their attention away from the day-to-day management of our business, which could adversely affect our business, financial condition, and results of operations.

***Changes in existing financial accounting standards or practices may harm our results of operations.***

Changes in existing accounting rules or practices, new accounting pronouncements rules, or varying interpretations of current accounting pronouncements practice could harm our results of operations or the manner in which we conduct our business. Further, such changes could potentially affect our reporting of transactions completed before such changes are effective. GAAP is subject to interpretation by the Financial Accounting Standards Board, or FASB, the SEC and various bodies formed to promulgate and interpret appropriate accounting principles. A change in these principles or interpretations could have a significant effect on our reported financial results and could affect the reporting of transactions completed before the announcement of a change. As an "emerging growth company," we are allowed to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Any difficulties in implementing these pronouncements could cause us to fail to meet our financial reporting obligations, which could result in regulatory discipline and harm investors' confidence in us.

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***Our estimates or judgments relating to our critical accounting policies may be based on assumptions that change or prove to be incorrect, which could cause our results of operations to fall below expectations of securities analysts and investors, resulting in a decline in the market price of our common stock.***

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in our financial statements and accompanying notes. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, as described in the section titled "*Management's Discussion and Analysis of Financial Condition and Results of Operations*." The results of these estimates form the basis for making judgments about the recognition and measurement of certain assets and liabilities and revenue and expenses that are not readily apparent from other sources. Our accounting policies that involve judgment include those related to revenue recognition, assumptions used for estimating the fair value of common stock to calculate stock-based compensation, capitalization of internal-use software costs, valuation of goodwill and intangible assets, certain accrued liabilities, and valuation allowances associated with income taxes. If our assumptions change or if actual circumstances differ from those in our assumptions, our results of operations could be adversely affected, which could cause our results of operations to fall below the expectations of securities analysts and investors, resulting in a decline in the market price of our common stock.

***The Company expects to continue to incur losses from operations and negative cash flows, which raise substantial doubt about its ability to continue as a "going concern."***

 ****

The Company anticipates incurring additional losses until such time, if ever, it can obtain adequate Advertiser support and acceptance by Creators. Substantial additional financing will be needed to fund the Company's development, marketing and sales activities and generally to commercialize its technology and develop brand support and Creator acceptance. These factors raise substantial doubt about the Company's ability to continue as a going concern.

The Company will seek to obtain additional capital through the issuance of debt or equity financings or other arrangements to fund operations; however, there can be no assurance it will be able to raise needed capital under acceptable terms, if at all. The sale of additional equity may dilute existing shareholders and newly issued shares may contain senior rights and preferences compared to currently outstanding shares of common stock. Should the Company choose to issue debt in the future, such debt securities may contain covenants and limit the Company's ability to pay dividends or make other distributions to shareholders. If the Company is unable to obtain such additional financing, future operations would need to be scaled back or discontinued. Due to the uncertainty in the Company's ability to raise capital, the Company believes that there is substantial doubt as to its ability to continue as a going concern.

***The Company's independent registered public accounting firm's reports have raised substantial doubt as to its ability to continue as a "going concern."***

 ****

The Company's independent registered public accounting firm indicated in its reports on the audited financial statements for the year ended December 31, 2024 that there is substantial doubt about the Company's ability to continue as a going concern. A "going concern" opinion indicates that the financial statements have been prepared assuming the business will continue as a going concern and do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets, or the amounts and classification of liabilities that may result if the Company does not continue as a going concern. Therefore, prospective Investors should not rely on the Company balance sheet as an indication of the amount of proceeds that would be available to satisfy claims of creditors, and potentially be available for distribution to shareholders, in the event of liquidation. The presence of the going concern note to the Company's financial statements may have an adverse impact on the relationships the Company is developing and plan to develop with third parties as it continues the commercialization of its products and could make it challenging and difficult for the Company to raise additional financing, all of which could have a material adverse impact on the business and prospects and result in a significant or complete loss of an investment.

There is no assurance that the Company will ever be profitable or that debt or equity financing will be available to it in the amounts, on terms, and at times deemed acceptable to the Company, if at all. The issuance of additional equity securities by the Company would result in a significant dilution in the equity interests of its Shareholders. Obtaining commercial loans, assuming those loans would be available, would increase the Company's liabilities and future cash commitments. If the Company is unable to obtain financing in the amounts and on terms deemed acceptable to it, the Company may be unable to continue the business, as planned, and as a result may be required to scale back or cease operations, the results of which would be that shareholders would lose some or all of their investment. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

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**Risks Related to Government Regulations** 

***Because we store, process, and use data, some of which contains personal information, we are subject to complex and evolving federal, state, and international laws and regulations regarding privacy, data protection, security, content, and other matters. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in investigations, claims, changes to our business practices, increased cost of operations, and declines in user growth, retention, or engagement, any of which could significantly harm our business.***

We are subject to a variety of laws and regulations that involve matters central to our business, including user privacy, data protection, security, rights of publicity, content, intellectual property, distribution, electronic contracts and other communications, competition, protection of minors, consumer protection, taxation, and online-payment services.

The regulatory framework for privacy, data protection, and data transfers worldwide is rapidly evolving and is likely to remain uncertain for the foreseeable future.

Certain laws and regulations, such as the GDPR, which went into effect in May 2018, has placed and will continue to place significant data protection obligations and restrictions on organizations such as ours and may require us to continue to change our policies and procedures. The GDPR imposed more stringent data protection requirements and provides greater penalties for noncompliance than previous data protection laws, including potential penalties of up to €20 million or 4% of annual global revenues. If we are found not to be compliant with GDPR requirements, we may be subject to significant fines, the risk of civil litigation, and reputational damage, and our business may be seriously harmed.

We make reasonable efforts to comply with all applicable laws, policies, legal obligations and certain industry codes of conduct relating to privacy and data protection, and security. However, it is possible that the obligations imposed on us by applicable data privacy laws and regulations may be interpreted and applied in a manner that is inconsistent from one jurisdiction to another and may conflict with other rules or our practices in other jurisdictions. Any failure or perceived failure by us to comply with our privacy policies, our privacy-related obligations to users or other third parties, or our other policies or obligations relating to privacy, data protection, or security, or any actual or perceived compromise of security, including any such compromise that results in the unauthorized release or transfer of personally identifiable information or other user, developer or creator data, may result in governmental investigations and enforcement actions, litigation, claims or public statements against us by consumer advocacy groups or others and could cause our developers, creators, and users to lose trust in us, any or all of which could have an adverse effect on our business, financial condition or results of operations.

 ****

***We may incur liability as a result of content published using our platform or as a result of claims related to content generated by our developers, creators, and users, including copyright infringement, and legislation regulating content on our platform may require us to change our platform or business practices.***

Our success relies in part on the ability of developers and creators to drive engagement with content that is challenging, engaging, fun, interesting, and novel. Developers and creators are responsible for clearing the rights to all of the content they upload to our service, but some developers or creators may upload content that infringes the rights of third parties in violation of our terms of service.

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**Risks Related to Intellectual Property** 

***Claims by others that we infringe their proprietary technology or other rights, the activities of our users or the content of the experiences on our platform could subject us to liability and harm our business.***

We may in the future become subject to intellectual property disputes, and may become subject to liability, costs, and awards of damages and/or injunctive relief as a result of these disputes. Our success depends, in part, on our ability to develop and commercialize our platform without infringing, misappropriating or otherwise violating the intellectual property rights of third parties. However, there is no assurance that our technologies or platform will not be found to infringe, misappropriate or otherwise violate the intellectual property rights of third parties. Lawsuits are time-consuming and expensive to resolve, and they divert management's time and attention. Further, because of the substantial amount of discovery required in connection with intellectual property litigation, we risk compromising our confidential information during this type of litigation. Companies in the internet, technology, and gaming industries own large numbers of patents, copyrights, trademarks, domain names, and trade secrets and frequently enter into litigation based on allegations of infringement, misappropriation, or other violations of intellectual property or other rights. As we face increasing competition and gain a higher profile, the possibility of intellectual property rights and other claims against us grows. Our technologies may not be able to withstand any third-party claims against their use. In addition, many companies have the capability to dedicate substantially greater resources to enforce their intellectual property rights and to defend claims that may be brought against them.

Furthermore, certain federal statutes in the U.S. may apply to us with respect to various activities of our users, including the Digital Millennium Copyright Act, or the DMCA, which provides immunity from monetary damages for online service providers such as us for, among other things, infringing content uploaded to our platform by our users provided we comply with certain statutory requirements, and Section 230 of the Communications Decency Act, or the CDA, which addresses blocking and screening of content on the internet and provides immunity to platforms that censor communications that they deem to be inappropriate. For example, in the future, we plan to filter communications to eliminate speech we determine to be offensive based on our objective of creating a civil and safe place for all users. Former President Trump issued an executive order directing the FCC to redefine Section 230 of the CDA in such a way as to remove certain social media companies from its protection.

***Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement and other losses.***

Our agreements with third parties do include or will generally include indemnification provisions under which we agree to indemnify these third parties for losses suffered or incurred as a result of claims of intellectual property infringement, or other liabilities relating to or arising from our software, services, platform or other contractual obligations. Large indemnity payments could harm our business, results of operations, and financial condition. Although we normally contractually limit our liability with respect to such indemnity obligations, those limitations may not be fully enforceable in all situations, and we may still incur substantial liability under those agreements. Any dispute with a third-party with respect to such obligations could have adverse effects on our relationship with such party and harm our business and results of operations.

 ****

***We use open source software on our platform and in connection with certain experiences on our platform, which may pose particular intellectual property risks to and could have a negative impact on our business.***

We use open source software in our codebase and our platform. Some open source software licenses require users who make available open source software as part of their proprietary software to publicly disclose all or part of the source code to such proprietary software or make available any derivative works of such software free of charge, under open source licensing terms. The terms of various open source licenses have not been interpreted by courts, and there is a risk that such licenses could be construed in a manner that imposes unanticipated conditions or restrictions on our use of the open source software. Enforcement activity for open source licenses can also be unpredictable. Were it determined that our use was not in compliance with a particular license, we may be required to release our proprietary source code, defend claims, pay damages for breach of contract or copyright infringement, grant licenses to our patents, re-engineer our games or products, discontinue distribution in the event re-engineering cannot be accomplished on a timely basis, or take other remedial action that may divert resources away from our game development efforts, any of which could negatively impact our business. Open source compliance problems can also result in damage to reputation and challenges in recruitment or retention of engineering personnel.

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**Risks Related to Ownership of our Common Stock** 

 ****

***The public trading price of our common stock may be volatile, and could, upon listing on Nasdaq decline significantly and rapidly.***

The public trading price of our common stock following the listing could be subject to fluctuations in response to several factors, including those listed in this prospectus, some of which are beyond our control. These fluctuations could cause you to lose all or part of your investment in our common stock since you might be unable to sell your shares at or above the price you paid. Factors that could cause fluctuations in the public trading price of our common stock include the following:

● the number of shares of our common stock made available for trading;

● sales or expectations with respect to sales of shares of our common stock by holders of our common stock;

● price and volume fluctuations in the overall stock market from time to time;

● volatility in the trading prices and trading volumes of technology stocks;

● changes in operating performance and stock market valuations of other technology companies generally, or those in our industry in particular;

● failure of securities analysts to maintain coverage of us, changes in financial estimates by securities analysts who follow us or our failure to meet these estimates or the expectations of investors;

● any plans we may have to provide or not provide financial guidance or projections, which may increase the probability that our financial results are perceived as not in line with analysts' expectations;

● if we do provide financial guidance or projections, any changes in those projections or our failure to meet those projections;

● announcements by us or our competitors of new services or platform features;

● the public's reaction to our press releases, other public announcements, and filings with the SEC;

● rumors and market speculation involving us or other companies in our industry;

● actual or anticipated changes in our results of operations or fluctuations in our results of operations;

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● actual or anticipated developments in our business, our competitors' businesses, or the competitive landscape generally;

● litigation involving us, our industry or both, or investigations by regulators into our operations or those of our competitors;

● actual or perceived privacy or security breaches or other incidents;

● developments or disputes concerning our intellectual property or other proprietary rights;

● announced or completed acquisitions of businesses, services or technologies by us or our competitors;

● new laws or regulations or new interpretations of existing laws or regulations applicable to our business;

● changes in accounting standards, policies, guidelines, interpretations, or principles;

● any significant change in our management;

● other events or factors, including those resulting from war, incidents of terrorism, pandemics, including wildfires or power outages or responses to these events; and

● general economic conditions and slow or negative growth of our markets.

In addition, stock markets, and the market for technology companies in particular, have experienced price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many companies. Stock prices of many companies, including technology companies, have fluctuated in a manner often unrelated to the operating performance of those companies. In the past, following periods of volatility in the overall market and the market price of a particular company's securities, securities class action litigation has often been instituted against these companies. This litigation, if instituted against us, could result in substantial costs and a diversion of our management's attention and resources.

***The trading price of our common stock, upon listing on Nasdaq, may have little or no relationship to the historical sales prices of our common stock in private transactions.***

Prior to the listing of our common stock on Nasdaq, our shares have not been listed on any stock exchange or other public trading market and have an extremely limited history of trading in private transactions. This information may have little or no relation to broader market demand for our common stock and thus the public trading price of our common stock on Nasdaq once trading begins.

***An active, liquid, and orderly market for our common stock may not develop or be sustained. You may be unable to sell your shares of common stock at or above the price you bought them for.***

We currently expect our common stock to be listed and traded on Nasdaq. Prior to listing on Nasdaq, there has been no public market for our common stock.

***We do not expect to pay dividends in the foreseeable future.***

We have never declared nor paid cash dividends on our capital stock. We currently intend to retain any future earnings to finance the operation and expansion of our business, and we do not anticipate declaring or paying any dividends to holders of our capital stock in the foreseeable future. Consequently, you may need to rely on sales of our common stock after price appreciation, which may never occur, as the only way to realize any future gains on your investment.

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***The Company is an "emerging growth company" under the federal securities laws and it cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make the Company's common stock less attractive to investors.***

The Company is an "emerging growth company," as defined under the federal securities laws, and it expects to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not "emerging growth companies" including, but not limited to, (i) being required to present only two years of audited financial statements and related financial disclosure, (ii) not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, (iii) extended transition periods for complying with new or revised accounting standards, (iv) reduced disclosure obligations regarding executive compensation in periodic reports and proxy statements and (v) exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. The Company has taken, and in the future may take, advantage of these exemptions until such time that it is no longer an "emerging growth company. As a result, the Company's financial statements may not be comparable to companies that comply with public company effective dates. The Company cannot predict if investors will find its common stock less attractive because it relies on these exemptions. If some investors find the Company's common stock less attractive as a result, there may be a less active trading market for the common stock and the price of the common stock may be more volatile.

The Company will remain an "emerging growth company" for up to five years, although it will lose that status sooner if its annual revenues exceed $1.235 billion, if it issues more than $1 billion in non-convertible debt in a three-year period, or if the market value of the Common Stock that is held by non-affiliates exceeds $700 million as of any June 30.

***We are a "smaller reporting company" and, even if we no longer qualify as an emerging growth company, we may still be subject to reduced reporting requirements.***

 ****

We are a "smaller reporting company" as defined in the Exchange Act. Smaller reporting companies may choose to present only the two most recent fiscal years of audited financial statements in their annual reports on Form 10-K and have reduced disclosure obligations regarding executive compensation and, if a smaller reporting company has less than $100 million in annual revenue, it would not be required to obtain an attestation report on internal control over financial reporting issued by its independent registered public accounting firm. We will remain a smaller reporting company until the last day of any fiscal year for so long as either: (i) the market value of our shares of common stock held by non-affiliates does not equal or exceed $250 million measured on the last business day of our second fiscal quarter; or (ii) our annual revenues is less than $100 million during the most recently completed fiscal year and the market value of our common stock held by non-affiliates is less than $700 million measured on the last business day of our second fiscal quarter. To the extent we take advantage of such reduced disclosure obligations, it may make the comparison of our financial statements with other public companies difficult or impossible.

***Upon listing of our shares of common stock on Nasdaq, we will be a "controlled company" within the meaning of the rules of Nasdaq and, as a result, we will qualify for, and intend to rely on, exemptions from certain corporate governance requirements. You will not have the same protections as those afforded to shareholders of companies that are subject to such governance requirements.***

After completion of this offering, Jared Thau and Jordan Thau will continue to control a majority of the voting power of our outstanding common stock. As a result, we will be a "controlled company" within the meaning of the corporate governance standards of Nasdaq. Under these rules, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or another company is a "controlled company" and may elect not to comply with certain corporate governance requirements, including:

● the requirement that a majority of our Board consist of independent directors;

● the requirement that we have a nominating and corporate governance committee that is composed entirely of independent directors with a written charter addressing the committee's purpose and responsibilities;

● the requirement that we have a compensation committee that is composed entirely of independent directors with a written charter addressing the committee's purpose and responsibilities; and

● the requirement for an annual performance evaluation of the nominating and corporate governance and compensation committees.

Following this offering, we intend to utilize these exceptions. As a result, we may not have a majority of independent directors on our Board, our compensation and nominating and corporate governance committees may not consist entirely of independent directors and our compensation and nominating and corporate governance committees may not be subject to annual performance evaluations. Accordingly, you will not have the same protections afforded to shareholders of companies that are subject to all of the corporate governance requirements of Nasdaq.

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**SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS** 

This prospectus contains forward-looking statements about us and our industry that involve substantial risks and uncertainties. Forward-looking statements give our current expectations or forecasts of future events and can be identified by the fact that they do not relate strictly to historical or current facts. In particular, these include statements relating to future actions, prospective products, market acceptance, future performance or results of current and anticipated products, sales efforts, expenses, and the outcome of contingencies such as legal proceedings and financial results. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and opportunity, anticipated trends in our market and our anticipated needs for working capital. They are generally identifiable by use of the words "may," "will," "should," "anticipate," "estimate," "plans," "potential," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" or the negative of these words or other variations on these words or comparable terminology.

Examples of forward-looking statements in this prospectus include, but are not limited to, our expectations regarding our business strategy, business prospects, operating results, operating expenses, working capital, liquidity, and capital expenditure requirements. Important assumptions relating to the forward-looking statements include, among others, assumptions regarding demand for our offerings, the cost, terms and availability of components, pricing levels, the timing and cost of capital expenditures, competitive conditions, and general economic conditions. You should not rely on forward-looking statements as predictions of future events. These statements are based on our management's expectations, beliefs and assumptions concerning future events affecting us, which are based on currently available information. Although we believe that the estimates and projections reflected in the forward-looking statements are reasonable, our expectations and assumptions may prove to be incorrect. Our statements should not read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information.

Important factors that could cause actual results to differ materially from the results and events anticipated or implied by such forward-looking statements include, but are not limited to:

● changes in the market acceptance of our software solutions and offerings;

● our ability to successfully execute our growth strategy and enter into new markets;

● our ability to expand in existing and new markets;

● increased levels of competition;

● our ability to develop relationships with our key customers;

● changes in customer preferences and the level of acceptance of our software services;

● our ability to retain and attract senior management and other key employees;

● our ability to quickly and effectively respond to new technological developments;

● our ability to protect our trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others and prevent others from infringing on the proprietary rights of the Company; and

● other risks, including those described in the "Risk Factors" section of this prospectus.

We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for us to predict all of those risks, nor can we assess the impact of all of those risks on our business or the extent to which any factor may cause actual results to differ materially from those contained in any forward-looking statement. The forward-looking statements in this prospectus are based on assumptions management believes are reasonable. However, due to the uncertainties associated with forward-looking statements, you should not place undue reliance on any forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and unless required by law, we expressly disclaim any obligation or undertaking to publicly update any of them in light of new information, future events, or otherwise.

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**USE OF PROCEEDS** 

We estimate that we will receive net proceeds of approximately $13.1 million from the issuance and sale of shares of common stock in this offering, or approximately $15.0 million if the underwriters exercise in full their option to purchase additional securities in full, assuming a public offering price per share of $4.00, set forth on the cover page of this prospectus, after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

Each $1.00 increase or decrease in the assumed initial public offering price per share of $4.00 would increase or decrease, as applicable, the net proceeds to us from this offering by approximately $3.4 million, assuming the number of shares offered by us, as set forth on the cover page of this prospectus, remains the same, and after deducting estimated underwriting discounts and commissions and offering expenses payable by us. Similarly, each increase or decrease of 1.0 million shares in the number of shares of common stock offered by us would increase or decrease, as applicable, the net proceeds that we receive from this offering by $3.7 million, assuming no change in the assumed initial public offering price per share and after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

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We plan to use the net proceeds from this offering to accelerate the development of our TruWorlds platform, to initiate sales and marketing activities, to develop our customer support operations, to fund capital purchases and for general working capital purposes, including increased costs to operate as a public company.

As of the date of this prospectus, we cannot specify with certainty the specific allocations or all of the particular uses of the net proceeds to be received upon the consummation of this offering. The expected use of net proceeds from this offering represents our intentions based upon our present plans and business conditions, which could change in the future as our plans and business conditions evolve. We may find it necessary or advisable to use the net proceeds for other purposes, and we will have broad discretion in the application and specific allocations of the net proceeds from this offering. Pending the uses described above, we intend to invest the net proceeds from this offering in short- and intermediate-term interest-bearing obligations, investment-grade instruments, or other securities.

**DIVIDEND POLICY** 

We have never declared or paid any cash dividends on our capital stock. We currently intend to retain any future earnings and do not expect to pay any dividends in the foreseeable future. Any future determination to declare cash dividends will be made at the discretion of our board of directors, subject to applicable laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions, general business conditions and other factors that our board of directors may deem relevant.

**CAPITALIZATION** 

The following table sets forth our capitalization as of September 30, 2025:

● on an actual basis; and

● on an as-adjusted basis to reflect the issuance sale by us of 3,750,000 shares of common stock at an assumed public offering price per share of $4.00, the estimated offering price set forth on the cover page of this prospectus, after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

The as-adjusted information set forth in the table below is illustrative only and will be adjusted based on the actual initial public offering price and other terms of this offering determined at pricing.

You should consider this table together with the sections titled "Use of Proceeds" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as our audited financial statements and the notes to those financial statements for fiscal years ended December 31, 2024 and 2023 and our unaudited financial statement and the notes to those financial statements for the three months ended September 30, 2025 and 2024 included elsewhere in this prospectus.

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| | | |
|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Actual** | **As Adjusted** |
| Cash and cash equivalents | $702555 | $13827555 |
| Total Current Liabilities | 84611 | 84611 |
| Total Long-Term Liabilities |  |  |
| Stockholders' Equity: |  |  |
| &nbsp;&nbsp;&nbsp;Common Stock, no par value; 190,000,000 authorized; 11,772,500 issued and outstanding shares as of September 30, 2025; 15,522,500 issued and outstanding shares, as adjusted, as of September 30, 2025 | 11772 | 15523 |
| Additional paid-in capital | 6037828 | 19162828 |
| Accumulated deficit | (5428902) | (5428902) |
| Non-controlling Interest |  |  |
| &nbsp;&nbsp;&nbsp;Total Stockholders' Equity | $620698 | $13749449 |
| **Total Capitalization** | $**620698** | $**13749449** |

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The above discussion and table are based on 11,772,500 shares of common stock outstanding as of September 30, 2025.

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**DILUTION**

If you invest in our common stock in this offering, your ownership interest will be diluted immediately to the extent of the difference between the assumed combined public offering price per share of common stock and as adjusted, net tangible book value per share of common stock immediately after this offering.

Our net tangible book value is the amount of our total tangible assets less our total liabilities. Our net tangible book value as of September 30, 2025, was $620,698, or $0.05 per share of common stock. After giving effect to the assumed sale of 3,750,000 shares of our common stock at an assumed public offering price per share of $4.00, the estimated offering price set forth on the cover page of this prospectus, and after deducting estimated underwriting discounts and commissions and offering expenses payable by us, our pro forma as adjusted net tangible book value as of September 30, 2025, would have been approximately $0.89 per share of common stock.

This represents an immediate increase in net tangible book value per share of $0.84 to existing stockholders and an immediate dilution of approximately $3.11 per share to new investors purchasing shares of our common stock in this offering.

Dilution per share to new investors is determined by subtracting the as adjusted, net tangible book value per share after this offering from the public offering price per share paid by new investors.

The following table illustrates this per share dilution:

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| | |
|:---|:---|
| Assumed public offering price per share | $4.0 |
| Net tangible book value per share as of September 30, 2025 | $0.05 |
| Increase in as adjusted net tangible book value per share after this offering | $0.84 |
| As adjusted, net tangible book value per share after giving effect to this offering | $0.89 |
| Dilution per share to new investors | $3.11 |

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A 50% increase (decrease) in the assumed public offering price per share of common stock would increase (decrease) the as adjusted, net tangible book value per share by $0.44 ($0.45), and the dilution per share to new investors in this offering by $1.56 ($1.55), assuming the number of shares of common stock, offered by us, as set forth on the cover page of this prospectus, remain the same and after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

Conversely, a decrease of 50% in the number of shares of common stock offered by us, as set forth on the cover page of this prospectus, would decrease the as adjusted, net tangible book value by approximately $0.39 per share and increase the dilution to investors participating in this offering by approximately $0.39 per share, assuming the assumed public offering price per share of common stock remains the same and after deducting estimated underwriting discounts and commissions and offering expenses payable by us.

The information above assumes that the underwriters do not exercise their option to purchase additional securities. If the underwriters exercise their option to purchase additional securities in full, the as adjusted, net tangible book value will increase to $0.98 per share, representing an immediate increase to existing stockholders of $0.93 per share and an immediate dilution of $3.02 per share to new investors.

We may choose to raise additional capital due to market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our stockholders.

The above discussion and table are based on 11,772,500 shares outstanding as of September 30, 2025.

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**SELECTED FINANCIAL DATA** 

*The following tables set forth our selected financial data. The selected statements of operations and cash flow data for the years ended December 31, 2024 and 2023, and the selected balance sheet data, have been derived from our audited financial statements included elsewhere in this prospectus. The selected statements of operations and cash flow data for the three and nine months ended September 30, 2025 and 2024, and the selected balance sheet data, have been derived from our unaudited interim financial statements included elsewhere in this prospectus. You should read the following selected financial data below in conjunction with the section titled "Management's Discussion and Analysis of Financial Condition and Results of Operations" and financial statements included elsewhere in this prospectus. The selected financial data in this section are not intended to replace, and are qualified in their entirety by, the financial statements and related notes.*

 

***Statements of Operations, Balance Sheet and Cash Flow Data***

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| | | |
|:---|:---|:---|
|  | **Year Ended December 31,** | **Year Ended December 31,** |
|  | **2024** | **2023** |
| Revenue | $- | $- |
| Net loss | $(421262) | $(2016070) |
| Net cash used in operating activities | $(369515) | $(79674) |
| Ending cash balance | $993333 | $343086 |

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| | | |
|:---|:---|:---|
|  | **Three Months Ended September 30,** | **Three Months Ended September 30,** |
|  | **2025** | **2024** |
| Revenue | $- | $- |
| Net loss | $(6209139) | $(103954) |

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| | | |
|:---|:---|:---|
|  | **Nine** **Months Ended September 30,** | **Nine** **Months Ended September 30,** |
|  | **2025** | **2024** |
| Revenue | $— | $— |
| Net loss | $(2929116) | $(293541) |
| Net cash used in operating activities | $(615778) | $(260118) |
| Ending cash balance | $702555 | $138730 |

---

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**MANAGEMENT'S DISCUSSION AND ANALYSIS OF**

**FINANCIAL CONDITION AND RESULTS OF OPERATIONS** 

*The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the section titled "Selected Financial Data" and the financial statements and related notes thereto included elsewhere in this prospectus. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those discussed below. Factors that could cause or contribute to such differences include, but are not limited to, those identified below and those discussed in the section titled "Risk Factors" included elsewhere in this prospectus.*

The story of Gameverse Interactive Corp ("the Company") began in 2022 when our founders, Jared Thau and Jordan Thau, were inspired by their experiences as developers on existing platforms and their passion for creating a more inclusive, innovative, and empowering gaming environment. This vision has shaped our approach to building the groundwork for the Company.

The Company was incorporated in the State of Nevada on September 13, 2024, and is based in Fort Lauderdale, Florida. The Company is a software and video game development company that specializes in technologies with a focus on creating immersive and engaging experiences for players and developers of all ages around the world. Further, the Company uses virtual reality support, which is built into the 3D creation tools, Unreal engine and GoDot engine, meaning the Company will be using these tools to eventually integrate this support into our game client, which will connect users to the main game server. The status of the Company's game client is still in development. The heart of the Company is two brothers who want to change the world of gaming through innovative ideas where they see the sector lacking in today's gaming world.

**Operational Status** 

As of the first quarter of 2026, Gameverse Interactive has an active community of approximately 11,000 members on Discord and our Alpha web platform is currently operational with over-3,000 users, who are testing and transacting on the platform.

A "Discord member" refers to an individual user who has joined the official Discord community server operated by the Company. This metric reflects the total number of users who have voluntarily joined the server, whether or not they are currently active. The Company does not generate any revenue from Discord membership fees, as the Discord membership is free and not a monetized channel. Unless otherwise specified, the number of Discord members includes both active and inactive members.

The number of Discord members is an indicator of community engagement and user interest in the Company's products and platform. While it does not directly generate revenue, it serves as a leading measure of brand awareness, developer relations, and early-stage user acquisition. Growth in Discord membership demonstrates traction among creators and players and provides a feedback loop for testing features, gathering user input, and building network effects that support future monetization.

To date, the Company has not generated any material revenue from users of the Alpha web platform as the platform remains in its pre-launch or testing phase, during which the Company is focusing on onboarding developers, gathering user feedback, and optimizing core functionality rather than monetization.

During such testing stage of the Alpha platform, users are able to engage in limited transactions using test currency issued by the Company for testing purposes. This test currency allows users to simulate purchases, sales, and other in-platform economic activities without the use of actual money. The purpose of these transactions is to test the platform's payment infrastructure, marketplace functionality, and user experience systems ahead of the introduction of real monetization. No actual revenue has been generated from these test transactions.

**Results of Operations**

***For the years ended December 31, 2024 and 2023***

Our net loss in 2024 and 2023 was $421,262 and $2,016,070, respectively. The 2023 net loss includes $1,719,341 in stock based compensation expense in connection with the below market sale of common stock during that year. Excluding the 2023 stock based compensation expense, operating expenses increased in 2024 compared to 2023 due to the costs of programmers utilized in the continued build out of the TruWorlds platform, as well as engaging advisors and consultants and other costs associated with readying the Company for the initial public offering ("IPO"), including the costs related to auditing the Company's historical financial statements. Cash used in operations in 2024 was $369,515 compared to $79,674 in 2023. This increase is due to the higher level of cash operating expense in 2024 as noted above.

***For the three months ended September 30, 2025 and 2024***

Net loss for the three months ended September 30, 2025 was $6,209,139 compared to the net loss for the three months ended September 30, 2024 of $103,954. The net loss for the three months ended September 30, 2025 increased due to stock-based compensation expenses of $2,368,000 and an unrealized investment loss of $2,790,000. Excluding these non-cash items, operating expenses increased in the three months ended September 30, 2025 compared to the prior year period due to the costs of programmers utilized in the continued build out of the TruWorlds platform, as well as engaging advisors and consultants and other costs associated with readying the Company for the IPO.

 ***For the nine months ended September 30, 2025 and 2024***

Net loss for the nine months ended September 30, 2025 was $2,929,116 compared to a loss for the nine months ended September 30, 2024 of $293,541. The net loss for the nine months ended September 30, 2025 increased due to stock based compensation expenses of $2,368,000 offset by an investment gain of $894,500. Excluding these non-cash items, operating expenses increased in the nine months ended September 30, 2025 compared to the prior year period due to the costs of programmers utilized in the continued build out of the TruWorlds platform, as well as engaging advisors and consultants and other costs associated with readying the Company for the IPO. Cash used in operations in the nine months ended September 30, 2025 was $615,778 compared to $260,118 in the prior year period due to the higher operating expenses noted above.

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**Liquidity and Capital Resources**

In 2024 and 2023, the Company received proceeds of $1,024,000 and $422,760, respectively, from the sale of common stock in a friends and family round priced at $2.00 per share. In the first quarter of 2025, the Company received an additional $325,000 from the sale of common stock at these same terms. Also in the first quarter of 2025, the Company issued 132,000 shares of common stock in exchange for 500,000 shares of restricted common stock in an unrelated third-party, Tron, Inc. In aggregate through the first quarter of 2025, the Company issued 1,000,000 shares of common stock through the friends and family round and received $1,736,000 in cash and 500,000 shares of restricted common stock in Tron, Inc. The Company did not raise additional capital during the second or third quarters of 2025.

In anticipation of the initial public offering, we enhanced our capabilities in the gaming sector by adding new board members who bring expertise to our company with their unique perspectives on how to launch gaming platforms on a global scale and we have begun to build management team with extensive industry experience to assist the Company in preparing for the initial public offering and to operate and function as a public company. We will also continue to utilize consultants to supplement our management team as needed. Through the first quarter of 2025, the Company primarily operated with only two full-time employees and a small number of consultants. During this period the primary activities included: technology evaluation, creation, and programming of the TruWorlds platform, capital raising, and business development activities which, in aggregate, support the eventual launch of the TruWorlds platform.

Through September 30, 2025, the Company has generated significant operating losses excluding unrealized gains on equity investments and has funded its operations through the sale of common stock as described above. We anticipate that our expenses will increase in the future to support our operations, development activities, marketing of our TruWorlds platform, and the increased costs of operating as a public company. These increases will likely include increased costs related to the hiring of additional personnel and fees for outside consultants, lawyers and accountants, among other expenses. Additionally, we anticipate increased costs associated with being a public company including expenses related to services associated with maintaining compliance with exchange listing and Securities and Exchange Commission requirements, insurance, and investor relations costs.

We will need additional funds while we accelerate the development of our platform. The Company's continued existence is dependent upon management's ability to obtain additional funding, including but not limited to the proceeds from this offering, and to ultimately achieve profitable operations, of which there can be no guarantee. These factors raise substantial doubt about our ability to continue as a going concern.

To fund our operations for at least the next twelve months, we anticipate that we need approximately $1.3 million. With the Company's available cash at September 30, 2025 of $702,555 the Company anticipates that it can conduct planned operations for approximately seven months without raising additional funds. The anticipated net proceeds from this offering will provide further runway for the Company to fully launch, market and grow the TruWorlds platform, which may also include ramping up our development efforts to accelerate the timing of our initiatives.

**Critical Accounting Policies**

In footnote 2 of our audited financial statements for the years ended December 31, 2024, and 2023, found elsewhere in this filing, we include a discussion of the most critical accounting policies used in the preparation of our financial statements. There has been no material change in the policies and estimates used in the preparation of our financial statements since the completion of the 2024 and 2023 audits.

**Off-Balance Sheet Arrangements**

We do not have any off-balance sheet arrangements as such term is defined in Item 303(a)(4) of Regulation S-K.

**Financial operations overview**

**Revenue**

We have not generated any revenue through September 30, 2025 and we currently do anticipate generating any meaningful revenue from our services related to the launch of our TruWorlds platform and sale of our TruCoins until at least 2026.

**Operating Expenses**

To date, the majority of our operating expenses relate to salaries and wages as well as contract services related to: technology evaluation, creation, and programming of the TruWorlds platform, capital raising and business development. These activities and related expenditures have been recorded and reported as Operating Expenses in our financial statements. We anticipate that our operating expenses will increase in the future to support our launch of the TruWorlds platform, and the increased costs of operating as a public company. These increases will likely include increased costs related to the hiring of additional personnel and fees for outside consultants, lawyers, and accountants, and expenses related to maintaining compliance with exchange listing and Securities and Exchange Commission requirements, insurance, and investor relations costs.

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**BUSINESS** 

**Overview** 

The story of Gameverse Interactive began in 2022 when our founders, Jared Thau and Jordan Thau, were inspired by their experiences as developers on existing platforms and their passion for creating a more inclusive, innovative, and empowering gaming environment. This vision has shaped our approach to building the groundwork for Gameverse Interactive Corp.

Gameverse Interactive's strategy focuses on the active creation of a community that is oriented around cooperation and innovation. To ensure that the power of the platform stays in the hands of its users we will provide the ability for users to create the games as well as play them. Through fortification of community content, users can share what they create with other people and in turn, learn from them. The concept is to maintain an open and friendly atmosphere for everyone who wants to join a community, work with people, and develop a strong environment that improves the gaming business for all participants. This way, we aim at creating ongoing communication and dialogue, in order to make every member of the Gameverse family feel vivid and to convert the platform into a place where people can create and co-explore together.

Some refer to our category as the metaverse, a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. The idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.

Gameverse Interactive's mission is to allow creators to build their imaginations while retaining their entrepreneurial spirit and maintaining ownership - while allowing players to experience one-of-a-kind, state-of-the-art games with the most modern gaming technology and inclusive community.

The Gameverse Interactive platforms have a number of key characteristics:

● TruWorlds will allow creators to create and maintain ownership of their intellectual property.

● TruWorlds will allow players to experience those games in an inclusive and engaging community.

● In its final iteration, TruWorlds will use the latest Unreal engine or GoDot engine to allow players to experience worlds in the highest quality possible.

● TruWorlds will allow creators to make worlds using the latest and greatest technology in the industry.

● TruWorlds will allow players to purchase digital currency which can be spent in games or on the web platform for digital items.

Our growth at Gameverse Interactive will be based on and driven primarily by a significant investment in technology and two mutually reinforcing network effects: content and social.

First, user-generated content, built by our community of developers and creators, powers our platform. As developers and creators build increasingly high-quality content, more users are attracted to our platform. The more users on our platform, the higher the engagement and the more attractive Gameverse becomes to developers and creators. With more users, more in game currency is spent on our platform, incentivizing developers, and creators to design increasingly engaging content and encouraging new developers and creators to start building on our platform.

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Second, our platform is social. When users join, they typically play with friends. This inspires them to invite more friends, who in turn, invite their friends, driving organic growth. The more friends that each of our users has playing together on the platform, the more valuable and engaging the platform becomes. This drives more users to our platform through word of mouth from their existing friends on the platform.

Further, developers and creators will be able to sell "in-game" consumables on the game client, and products (such as shirts, pants, etc.) throughout the website. Developers will sell these items and receive TruCoins for them. To support the platform and maintain its features, we plan to implement a marketplace fee in the estimated range of 15% to 30% on all TruCoin transactions; as we have not released that part of our platform yet, the fee would be determined by the upkeep cost of the games as we don't require our developers to pay for anything. When this feature is fully made, creators who sell virtual items (e.g., shirts, pants, shoes) will receive TruCoins for their sales.

The TruWorlds Platform combines significant bookings and revenue with strong unit economics, free cash flow generation and high growth.

**Operational Status and Milestones**

Gameverse Interactive has an active community of approximately 11,000 members on Discord and our Alpha web platform is currently operational with over-3,000 users, who are testing and transacting on the platform.

A "Discord member" refers to an individual user who has joined the official Discord community server operated by the Company. This metric reflects the total number of users who have voluntarily joined the server, whether or not they are currently active. The company does not generate any revenue from Discord membership fees, as the Discord membership is free and not a monetized channel. Unless otherwise specified, the number of Discord members includes both active and inactive members.

The number of Discord members is an indicator of community engagement and user interest in the Company's products and platform. While it does not directly generate revenue, it serves as a leading measure of brand awareness, developer relations, and early-stage user acquisition. Growth in Discord membership demonstrates traction among creators and players and provides a feedback loop for testing features, gathering user input, and building network effects that support future monetization.

To date, the Company has not generated any material revenue from users of the Alpha web platform as the platform remains in its pre-launch or testing phase, during which the Company is focusing on onboarding developers, gathering user feedback, and optimizing core functionality rather than monetization.

During such testing stage of the Alpha platform, users are able to engage in limited transactions using test currency issued by the Company for testing purposes. This test currency allows users to simulate purchases, sales, and other in-platform economic activities without the use of actual money. The purpose of these transactions is to test the platform's payment infrastructure, marketplace functionality, and user experience systems ahead of the introduction of real monetization. No actual revenue has been generated from these test transactions.

Our live web platform, TruWorlds, is nearing MVP completion, and public testing is expected to occur within the next three months, or by the middle of June 2026. Our game client and game editor are paired together, and we are currently breaking ground on them. The MVP phase of our web platform will be completed with the Company's existing funds, but the full-fledged product and the game client and editor will most likely require the funds raised in this initial public offering to be completed.

The Company's recent activities and those planned in the upcoming 12 months have included and will include the following:

Phase 1: Web Platform Development & Internal Testing (Completed Q4 2024)

● Completed development of the web platform, including marketplace, avatar system, forum, and moderation tools.

● Conducted internal testing and iteration to ensure platform stability, scalability, and core functionality.

● Laid the foundation for user-generated content, creator monetization, and community interaction.

Phase 2: Public Testing & Feature Expansion (Ongoing – Q2 2026)

● Open Alpha (our proprietary web platform) released with early users actively creating and selling avatar clothing (shirts, pants, shoes) and transacting with TruCoin.

● Public demo account provided for institutional and partner evaluation.

● Gathering real-time user feedback to refine UX/UI, marketplace flow, and transaction mechanics.

● Continued onboarding of early creators and scaling community growth across Discord application and web.

○ Discord community initially established with 6,000+ users (currently reaching approximately 11,000 members).

○ Organic user signups and community engagement achieved without paid marketing.

○ Routine purging mechanism pursuant to which accounts that are not active on the platform are identified and deleted.

● Implemented Feature List (from Phase 1 to now):

○ TruCoin in-platform currency, integrated and fully functional.

○ Avatar Customization, allows users to customize their avatar.

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○ Forums, live with posting, replying, and moderation tools.

○ Developer-uploaded assets, supported and visible in user shops.

○ Demo account created for institutional access and testing.

○ Inventory system, operational with item ownership tracking.

○ Profanity filters and user reporting system.

○ Internal admin tools for moderation and content management.

○ User registration and account security infrastructure.

○ Real-time TruCoin wallet and balance tracking system.

○ Creator item sales system, functional with transaction history.

○ CDN, integrated for faster asset/file/image across the globe.

○ Forum moderation tools: pin, lock, delete, warn, and shadowban.

○ Unique user ID and item ID generation with conflict resolution.

○ Time-based item visibility (e.g., future drops, limited items).

○ Backend queuing system for handling simultaneous uploads.

○ Asset compression and optimization pipeline for uploads.

○ Developer and item reporting admin panel (internal use).

○ Terms of service and privacy policy acceptance on account creation.

○ Responsive layout design for tablet and smaller screen support.

○ Initial SEO pass for landing pages and marketplace indexing.

○ Activity logging for tracking login locations and suspicious behavior.

○ Social sharing buttons and deep links for assets and profiles.

○ System to award TruCoins for testing, onboarding, or promotional use.

○ Live username search and player profile viewing.

○ Clothing try-on feature before purchase.

○ Inventory sorting and pagination for user items.

○ Auto-thumbnail generation for uploaded assets.

○ Forum post edit functionality.

○ Basic notification system (e.g., for purchases or replies).

○ Transaction history logs per user account.

○ Marketplace item filtering by type (e.g., shirt, pants, shoes).

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○ Avatar preview with equipped items visible across sessions.

○ Public-facing user stats (joined date, items owned, etc.).

○ Logged moderation actions for audit trail.

○ Access restriction for banned/suspended users.

○ Sitewide UI implemented with consistent theme styling.

○ Server-side rate limiting and anti-spam protections in forum.

○ Integrated S3 or Azure Blob-style storage for asset files.

○ Basic engagement metrics.

○ Marketplace item approval flow with admin override system.

○ Dynamic user status indicators (e.g., online, recently active).

○ Site-wide indicator for announcements, events, or updates.

○ Rate-controlled image uploader with preview and validation.

○ Creator profile bios and social links (e.g., Discord, Twitter).

○ Realtime API endpoints for future game client integration.

○ Performance monitoring dashboard for server usage, latency, and load.

○ Advanced DDoS Protection measures, to ensure maximum reliability and stability.

○ Content Caching, to save resources and provide faster response times.

○ Admin Panel capable of managing everything across the site, with the ability to ban users, edit content, view metrics.

Phase 3: Game Client Development (Q3 2026 – Q3 2027)

● Architecture & Planning (Q3 2026): Finalized preliminary engine choice (Godot), framework setup, and integration planning with the web platform.

● Prototype & Early Access (Q4 2026 – Q1 2027): Begin development of the downloadable 3D game client; first internal builds with limited gameplay capabilities and real-time environment loading.

● Public Client Launch (Q2 2027): Release downloadable client to the public, allowing users to enter and create 3D games, explore user-made Realms, and participate in cross-platform experiences.

Phase 4: Creator Studio & Game Editor (Q3-Q4 2027–)

● Launch of in-browser or downloadable Game Editor, enabling developers to create games, publish assets, and monetize experiences.

● Support no-code/low-code tools for accessibility, plus deep scripting and asset control for advanced creators.

● Begin onboarding studios and solo developers to create launch titles and showcase projects.

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**Product Features**

Gameverse's platform is hosted on Microsoft Azure and includes an internal admin panel, profanity filters in both engine and chat, and user reporting tools. The Company is currently AI moderation and is planning to integrate third-party image and voice moderation. Additional key features include a smart content filter system, a secure 3D avatar rendering engine, and backend methods for asset protection and intellectual property (IP) locking currently under patent review.

**Core Differentiators and Competitive Advantages**

We offer three core differentiators, which include a child-first safety model with human moderation, content filtering and future child safety specialists. Our platform guarantees true developer protection, as we do not seize games or IP. Additionally, we are built on a creator-first model that's fair, supportive and fosters direct relationships, positioning the Company for the next evolution of immersive gaming platforms. TruWorlds emphasizes verified creators, stronger moderation and identity controls, real IP protection, Unlike other competitor gaming platforms focused on scale and profitability, our Company is committed to prioritize safety, ownership, creator sustainability, and quality.

**Our Community**

TruWorlds will be fueled by every day, grassroots users from all around the world who yearn to bring their ideas to life. Users can customize their avatars, by changing colors and equipping accessories. While all developers are users, not every user is a developer; thus the "community" has a subset of users: developers. Users and developers maintain a symbiotic relationship: developers create unique worlds, and users play those worlds.

 **

**Our Users** 

 **

The term "user" encompasses an individual who plays TruWorlds and may also develop on it. All users, including developers, can purchase assets in the catalog, play user-generated games (worlds), join or create guilds, interact with other users, and post on the forum.

**Our Developers and Creators**

**Our Products and Technology**

Gameverse allows developers to build deeply immersive 3D environments where users can share synchronous experiences with others, independent of where they may be physically.

Website/Cloud API (Application Programming Interface), is the main entry point for everything TruWorlds. It allows users to sign up, customize their characters, purchase consumables and currency, interact with other users, discover new worlds, join or create guilds and much more. TruWorlds will have two principal sub-platforms: TruWorlds Editor and TruWorlds Clint. The TruWorld Editor tool is provided for developers to bring their ideas to life, allowing for map creation, coding, and completing worlds. TruWorlds Client is the client software that allows users to play TruWorlds, and enable user interaction.

**Player Identity and Individual Customizability** 

Users can create unique avatars and choose their own username. Our avatar editor has extensive customization options, enhancing a character's personal identity within the platform.

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**Friends and Community Development**

TruWorlds boasts a strong community through social features, guilds, and collaborative opportunities, enhancing user interaction and engagement.

***Low Friction***

The Gameverse Interactive platform gives users the ability to interact with experiences almost instantly, on most popular client devices, and from anywhere in the world over existing broadband and cellular networks.

![LOGO](forms-1a_002.jpg)

The Gameverse Client is designed for the rapid movement of users between experiences. Almost immediately upon launching a new experience, the Gameverse Client will begin simulating and rendering the virtual world using a partial representation of the environment at a low level of detail. As more and higher fidelity assets are received by the Gameverse Client, the fidelity of the experience automatically improves. TruWorlds provides a smooth, user-friendly experience with intuitive interfaces and easy access to all features for users of all ages.

***Variety of Content***

Developers and creators build nearly all of the content on the TruWorlds Platform. Their efforts will contribute to an expanding content library.

Developers build, publish, and operate 3D experiences on the TruWorlds platform, a suite of tools accessible to all skill levels, from novice to professional. Teams can work together using built-in access control management and collaborative editing. Once content is built, it can be replicated and shared across multiple experiences giving developers the ability to scale their efforts and make rapid updates.

Developers can share their work with other developers through TruWorlds. The free asset library drives collaboration within our developer community, accelerates creation of new experiences, and provides additional ways for developers to monetize their work.

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***Economy***

 

TruWorlds will allow players to purchase digital currency, TruCoins - which can be spent in games and on the web platform for digital items. For in-game transactions, creators will be able to make products or upgrades that players can purchase with said currency, which creators will earn revenue from. TruWorlds will offer various tiers, which will allow both players and creators to earn a daily stipend of currency depending on the tier.

TruCoins do not utilize any blockchain or other digital ledger technology. TruCoins are considered an in-game currency users can spend on in game-consumables, similar to virtual credits, and TruCoins do not have value outside of the game. Separate from a cryptocurrency that is minted, TruCoins are not, as the TruCoins are simply credited to the users account when purchased in-game. Additionally, TruCoins are not stored in a digital wallet like a crypto currency wallet; rather, they are just accumulated in-game and cannot be transferred or sold. Lastly, users who want to purchase in-game consumables can only do so by using TruCoins.

Additionally, on the TruWorlds platform, when a virtual item is sold, the TruCoins are transferred from the purchaser to the developer, in which such transaction occurs entirely within the TruWorlds platform, where TruCoins serve as the medium of exchange for virtual items. This transfer is confined to our platform, essentially, TruCoins functions as a closed-loop credit that facilitates transactions for virtual items on our platform.

**Revenue Generation for Developers**

Developers earn TruCoins through the sale of virtual items, which are priced in TruCoins. This model allows developers to monetize their creations directly within the TruWorlds ecosystem. The revenue generated in the form of TruCoins can only be used on our platform. The TruCoins are designed exclusively for use within the TruWorlds platform and cannot be converted or exchanged into U.S. dollars or any other currency, now can they be withdrawn from our platform. This ensures that TruCoins maintain their value and utility solely within our ecosystem, providing a seamless experience for users and developers alike.

**Safety** 

Multiple systems are integrated into the Gameverse Interactive platforms to promote civility and ensure the safety of our users. These systems are designed to enforce our policies, protect users' personal information, and abide by local laws. We leverage text-filtering, content moderation systems, and automated systems to proactively identify behaviors that may violate our policies.

Content submitted by developers and creators, including images, models, meshes, and audio, goes through a multi-step review process before appearing on the platform. Images are evaluated for Child Sexual Abuse Material, or CSAM, using PhotoDNA with flagged images automatically reported to the National Center for Missing and Exploited Children, or NCMEC.

When experiences are published or updated on the Gameverse Interactive platforms, they are evaluated by a suite of tools that identify problematic language, potential bypasses to our chat filters, and content that falls outside our policies. Gameverse Interactive includes a suite of anti-intruder technologies that leverage machine learning, throttles, and circuit breakers to block automated bot attacks and mitigate human attempts to spam users and disrupt services. We utilize services from providers like Cloudflare and Azure for these capabilities and plan to incorporate our own proprietary technologies to enhance security further.

**Safety and Digital Civility** 

We aspire to build a safe and civil online society. We have no tolerance on our platform for content or behavior that violates our rules. Safety and civility systems are built into our platform and apply to every experience. In many instances, our systems extend beyond minimum regulatory requirements.

Our platform is designed to comply with the Children's Online Privacy Protection Act, or COPPA, and the General Data Protection Regulation, or GDPR, regulations. We work closely with regulators, authorities, and safety groups in many countries. We endeavor to promptly report any suspected child exploitation or abuse materials to the relevant authorities.

***Our Trust & Safety Systems***

We use machine scanning to review content, including images, sound, and video, uploaded onto our platform. Our advanced machine scanning algorithms also review and monitor communications that flow through Gameverse to block and protect users from inappropriate behavior, such as questions about personal information and instructions on how to connect on less protective third-party chat applications.

Throughout our site and in-experience, we provide our users with the ability to report activity that they find objectionable. Users can also block or mute players with whom they do not want to interact. We also provide parents with customizable parental controls to limit or disable online chat or to restrict access to a curated list of age-appropriate experiences.

We continue to invest in technology and people to combat bad actors who attempt to undermine our efforts to connect millions of people. Our priority remains the safety and digital civility of our community.

**The Gameverse Economy**

We support our developer and creator community by giving them the tools to build, publish, operate, and monetize content. Our economy enables developers and creators to generate income through Gameverse Interactive platforms.

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***Business Model***

**Our Growth Strategies** 

We believe that the Gameverse Interactive platform has the potential to transform how people express themselves, socialize, play, learn, work, and transact together around the world. We are focused on the following key growth strategies:

● **Platform Extension:** We are continually investing in the Gameverse Interactive platforms, including significant investments in high fidelity avatars, more realistic experiences, 3D spatial audio technology, and other social features. These investments should enable Gameverse to support human co-experience in the entertainment, learning and business markets.

● **Age Demographic Expansion:** As a result of platform extension, developers, and creators are now able to build higher quality experiences and content that appeals to an older age demographic. We believe there is significant potential for us to increase our penetration and engagement across all age demographics. We ultimately aim to be a brand that serves all ages.

● **International Reach**: We believe there is significant potential for us to grow the global reach of our platform. We believe some of that will occur by the same organic, word of mouth user and developer growth that we have seen in markets like the U.S., Canada, and the United Kingdom. In addition, we are investing in technology that will also enhance our growth around the world. For example, we believe that features such as automated translation and built-in regional compliance will enable us to scale usage in global markets, allowing developers to publish in multiple languages and allowing users to communicate with each other even when they speak different languages.

● **Monetization:** We believe there is significant potential to increase monetization on our platform. We are actively working with our developer and creator community to help them improve their monetization.

**Brand and Marketing** 

Users build a direct relationship with the Gameverse Interactive brand by establishing a single identity and creating their social graph. Users are able to navigate across an integrated universe of experiences on our platform and engage on the platform with users in their social graph. We believe this approach helps to create a flywheel that brings new users to the platform and promotes loyalty and engagement.

We believe safety is an integral and differentiating part of our brand. We have invested heavily in creating a safe and civil platform, which has allowed us to both grow and retain our user base.

***Highly Efficient Marketing Model***

We operate a highly efficient marketing model. Our approach is almost entirely organic, with our user, creator and developer adoption driven by mutually reinforcing content and social network effects. We also leverage our influencer community to increase brand awareness and our reach across all age demographics.

**Our People** 

As of February 10, 2026, we employed 3 full time employees providing software engineering services. In order to continue to evolve the Gameverse interactive platforms, we must continue to invest heavily in attracting and retaining key talent, especially those focused on product and engineering. We monitor our progress with human capital metrics such as turnover, time to fill open roles, ratio of internally developed talent to external hires, ratio of technical talent to overall employees and employee engagement. Our brand, market position, reputation for innovation, and developer and creator-centric culture support our ability to recruit best-in-class engineering talent.

**Competition** 

We compete for both users, developers, and creators. We compete to attract and retain our users' attention on the basis of our content and user experiences. We compete for users and their engagement hours with global technology leaders such as Amazon, Apple, Facebook, Google, Microsoft, and Tencent, global entertainment companies such as Comcast, Disney, and ViacomCBS, global gaming companies such as Activision Blizzard, Electronic Arts, Roblox, Take-Two, Valve, Unity, and Zynga, online content platforms including Netflix, Spotify, and YouTube, as well as social platforms such as Facebook, Pinterest, and Snap. We are able to compete for these users based on our variety of content, personalized user experience, and various engaging and social features.

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We rely on developers and creators to create the content that leads to and maintains user engagement (including maintaining the quality of experiences). We compete to attract and retain developers and creators by providing developers and creators with the tools to easily build, publish, operate, and monetize content. We compete for developers, creators, and engineering talent with gaming platforms such as Epic Games, Unity, and Valve Corporation, who provide developers and creators the ability to create or distribute interactive content. We are able to compete for these developers and creators because of our comprehensive offering to build, publish, and operate experiences on our platform, our free and easy-to-use technology, our broad user reach, our economic rewards system, our brand, our reputation for innovation, our developer and creator-centric culture, and our mission.

**Security, Privacy, Data Protection and Regulatory Matters** 

We are subject to a number of U.S. federal and state and foreign laws and regulations that involve matters central to our business. These laws and regulations may involve privacy, data protection, security, rights of publicity, content regulation, intellectual property, competition, protection of minors, consumer protection, credit card processing, taxation, anti-bribery, anti-money laundering and corruption, economic or other trade prohibitions or sanctions or securities law compliance or other subjects. Many of these laws and regulations are still evolving and being tested in courts and could be interpreted and applied in a manner that is inconsistent from country to country or state to state and inconsistent with our current policies and practices and in ways that could harm our business. In addition, the application and interpretation of these laws and regulations often are uncertain, particularly in the new and rapidly evolving industry in which we operate. The costs of complying with these laws and regulations are high and likely to increase in the future, particularly as the degree of regulation increases, our business grows, and our geographic scope expands. Further, the impact of these laws and regulations may disproportionately affect our business in comparison to our peers in the technology sector that have greater resources. Any failure on our part to comply with these laws and regulations may subject us to significant liabilities or penalties, or otherwise adversely affect our business, financial condition, or operating results. It is imperative that we secure the creative assets, performance and user data that are critical to our business. We devote considerable resources to our security program and regularly evaluate the security of our services with the intent to ensure that user assets are securely stored and separated. We make it easy for content developers and creators to securely build and distribute their content in our ecosystem.

We rely on a variety of statutory and common-law frameworks and defenses relevant to the content available on our service, including the Digital Millennium Copyright Act, or DMCA, the Communications Decency Act, or CDA, and the fair-use doctrine in the U.S., and the Electronic Commerce Directive in the EU. However, each of these statutes is subject to uncertain or evolving judicial interpretation and regulatory and legislative amendments. In addition, pending or recently adopted legislation in the EU may impose additional obligations or liability on us associated with content uploaded by users to our platform. If the rules, doctrines or currently available defenses change, if international jurisdictions refuse to apply protections similar to those that are currently available in the U.S. or the EU, or if a court were to disagree with our application of those rules to our service, we could be required to expend significant resources to try to comply with the new rules or incur liability, and our business, revenue and financial results could be harmed.

We are also subject to U.S. federal and state and foreign laws and regulations regarding privacy and data protection, including with respect to the storage, sharing, use, processing, transfer, disclosure, and protection of personal data. For example, the California Consumer Privacy Act, CCPA, went into effect on January 1, 2020. The CCPA requires covered companies to, among other things, provide new disclosures to California consumers, and afford such consumers new abilities to opt-out of the sale of personal information. Additionally, a new privacy law, the CPRA, was approved by California voters in November 2020. The CPRA would significantly modify the CCPA, potentially resulting in further uncertainty and requiring us to incur additional costs and expenses in an effort to comply. Similar legislation has been proposed or adopted in other states. Aspects of the CCPA and these other state laws and regulations, as well as their enforcement, remain unclear, and we may be required to modify our practices in an effort to comply with them. In addition, foreign data protection, privacy, consumer protection, content regulation, and other laws and regulations are also more restrictive and burdensome. For example, GDPR imposes stringent operational requirements for entities processing personal information and significant penalties for non-compliance. Under GDPR, fines up to 20 million Euros up or up to 4% of the annual global revenues of the infringer, whichever is greater, can be imposed for violations. In addition, in July 2020, the European Court of Justice struck down the EU-Swiss Privacy Shield program, which was used by 5,000 companies to transfer data from the EU to the U.S. The court ruling also suggested that the proprietary of Standard Contractual Clauses, which are an alternate method of data transfer from the EU to the U.S., may be challenged in the future.

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Children's privacy has also been a focus of recent enforcement activity and subjects our business to potential liability that could adversely affect our business, financial condition, or operating results. The Federal Trade Commission and state attorneys in the U.S. general have in recent years increased enforcement of COPPA, which requires companies to obtain parental consent before collecting personal information from children under the age of 13. In addition, the GDPR prohibits certain processing of the personal information of children under the age of 13-16 (depending on the country) without parental consent. The CCPA requires companies to obtain the consent of children in California under the age of 16 (or parental consent for children under the age of 13) before selling their personal information. Although we make reasonable efforts to comply with these laws and regulations, we may in the future face claims under COPPA, the GDPR, the CCPA or other laws relating to children's privacy. There are also a number of legislative proposals pending before the U.S. Congress, various state legislative bodies and foreign governments concerning content regulation and data protection that could affect us if enacted in the future.

We take a variety of technical and organizational security measures and other measures designed to protect our data, including data pertaining to our users, employees, and business partners. Despite the measures we put in place, we may be unable to anticipate or prevent unauthorized access to such data.

Non-compliance with any applicable laws and regulations could result in penalties or significant legal liability. Although we make reasonable efforts to comply with all applicable laws and regulations, there can be no assurance that we will not be subject to regulatory action, including fines, in the event of an incident. We or our third-party service providers could be adversely affected if legislation or regulations are expanded to require changes in our or our third-party service providers' business practices or if governing jurisdictions interpret or implement their legislation or regulations in ways that negatively affect our or our third-party service providers' business, results of operations, or financial condition.

Government authorities outside the U.S. may also seek to restrict access to or block our service, prohibit, or block the hosting of certain content available through our service or impose other restrictions that may affect the accessibility or usability of our service in that country for a period of time or even indefinitely. In addition, some countries have enacted laws that allow websites to be blocked for hosting certain types of content or may require websites to remove certain restricted content.

Our privacy policy and terms and conditions of use describe our practices concerning the use, transmission, and disclosure of user information and are posted on our website. For additional information, please see the sections titled "*Risk Factors—Risks Related to Our Business Generally—If the security of our platform is compromised, it could compromise our and our users', developers', and creators' proprietary information, disrupt our internal operations and harm public perception of our platform, which could cause our business and reputation to suffer,*" "*Risk Factors—Risks Related to Our Business Generally—We anticipate that our ongoing efforts related to privacy, safety, security, and content review will identify additional instances of misuse of user data or other undesirable activity by third parties on our platform*" and "*Risk Factors—Risks Related to Government Regulations—Because we store, process, and use data, some of which contains personal information, we are subject to complex and evolving federal, state, and international laws and regulations regarding privacy, data protection, content, and other matters. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in investigations, claims, changes to our business practices, increased cost of operations, and declines in user growth, retention, or engagement, any of which could significantly harm our business*."

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**Intellectual Property** 

Currently, the Company has a pending patent for TruWorlds and plans to file additional patents in the future.

Our intellectual property will be an important aspect of our business, and our success will depend in part on our ability to enforce and defend our future intellectual property rights. The Company will rely on a combination of patents, copyrights, trademarks, trade secrets, know-how, license agreements, contractual provisions, non-disclosure agreements, employee non-disclosure and invention assignment agreements, and confidentiality procedures to establish and protect our intellectual property rights in the future. Currently, the Company does not have any intellectual property, but it intends to file for certain intellectual property rights in the near future.

Despite our efforts, we may not be able to obtain or maintain sufficient protection for or successfully enforce our intellectual property in the future. Any future patents, trademarks and other intellectual property or other proprietary rights we may own or license, or otherwise have a right to use may be contested, circumvented or found unenforceable or invalid. Our future patents, copyrights, trademarks, trade secrets, domain names and other intellectual property rights may not provide us with competitive advantages, distinguish our products from those of our competitors or prevent competitors from launching comparable products. We may also be dependent on third-party content, technology, and intellectual property in connection with our business. Further, we may not be able to prevent third parties from infringing, diluting or otherwise misappropriating or violating our future intellectual property rights, and we may face challenges to the validity or enforceability of our intellectual property rights. We cannot guarantee that our business does not and will not infringe or misappropriate the rights of third parties. Further, certain federal statutes in the U.S. may apply to us with respect to various activities of our users, including the Digital Millennium Copyright Act, or the DMCA, provides immunity from monetary damages for online service providers such as us from, among other things, infringing content uploaded to our platform by our users provided we comply with certain statutory requirements. The immunity is part of a statutory safe harbor. To enjoy the benefits of the safe harbor and be immune from monetary damages for infringing content uploaded by our users, we have to register a designated agent with the U.S. Copyright Office and maintain that filing on a periodic basis with the U.S. Copyright Office. We must also expeditiously remove any infringing content upon acquiring actual knowledge of such infringement or, in the absence of actual knowledge, if we become aware of facts or circumstances from which infringing activity is apparent. We must also adopt and reasonably implement and inform users of our platform, a policy that provides for the termination in appropriate circumstances of users who are repeat infringers of the copyrights of third parties. If we fail to comply with the conditions for qualifying for safe harbor protection, we may be subject to monetary damages for infringing content on our platform. The damages for copyright infringement can range from $750 to $30,000 per work infringed and, in the case of willful infringement, up to $150,000 per work infringed. Alternatively, copyright owners could seek to recover their actual damages and the Company's profits. As we host millions of user uploaded works, the Company could be subject to significant damages claims if we are determined not to comply with the DMCA safe harbors. Intellectual property disputes are common in our sector and, as we face increasing competition or grow our business, there is an ongoing risk that we may become involved in additional legal disputes involving intellectual property claims. In addition to the protection provided by our intellectual property rights, we maintain a policy requiring our employees, consultants, and other third parties to enter into confidentiality and proprietary rights agreements to control access to our intellectual property.

For additional information on risks relating to intellectual property, please see the sections titled "*Risk Factors—Risks Related to Intellectual Property—Claims by others that we infringe their proprietary technology or other rights could harm our business*," "*Risk Factors—Risks Related to Intellectual Property—Failure to protect or enforce our intellectual property rights or the costs involved in such enforcement would harm our business*," and "*Risk Factors—Risks Related to Intellectual Property—We use open source software on our platform and in connection with certain experiences on our platform, which may pose particular risks to our proprietary software and could have a negative impact on our business*."

**Facilities** 

Our corporate headquarters, located at 2300 E Las Olas Blvd, 4<sup>th</sup> Fl., Fort Lauderdale, FL 33301, and consisting of approximately 1,400 square feet of office space, is leased on a month-to-month basis.

We intend to procure additional space as we add employees and expand geographically. We believe our facilities are adequate and suitable for our current needs and that, should it be needed, suitable additional or alternative space will be available to accommodate any expansion of our operations.

**Legal Proceedings** 

From time to time we are subject to actual or threatened legal proceedings, claims, investigations and government inquiries arising in the ordinary course of business, including legal proceedings, claims, investigations and government inquiries involving intellectual property, data privacy and data protection, privacy and other torts, illegal or objectionable content, consumer protection, securities, employment, contractual rights, civil rights infringement, false or misleading advertising, or other legal claims relating to content or information that is provided to us or published or made available on our service. This risk is enhanced in certain jurisdictions outside of the U.S. where our protection from liability for content published on our platform by third parties may be unclear and where we may be less protected under local laws than we are in the U.S. Based on our current knowledge, we believe that the amount or range of reasonably possible losses will not, either individually or in the aggregate, have a material adverse effect on our business, results of operations, cash flows or financial condition. Defending such proceedings is costly and can impose a significant burden on management and employees. The results of any litigation cannot be predicted with certainty, and an unfavorable resolution in any legal proceedings could materially affect our future business, results of operations, or financial condition. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs (including unfavorable preliminary or interim rulings), diversion of management resources, and other factors.

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**Recent Development**

 

On September 24, 2025, the Company's Board of Directors approved the transfer of the Company's holdings of 500,000 common shares in Tron, Inc. to the Company's two founders in consideration of accrued compensation and bonuses due to the founders for services rendered to the Company. On the same date, the Company entered in a stock purchase agreement with the two founders in order to executed to share transfer.

On September 24, 2025, the Company's Board of Directors authorized the establishment of a new Series A Preferred Stock and approved the issuance of 51 total shares of Series A Preferred Stock to the Company's two founders. Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 *multiplied by* the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the "Numerator"), *divided by* (y) 0.49, *minus* (z) the Numerator. Based on the Company's 11,772,500 issued and outstanding shares of Common Stock as of February 10, 2026, the shares of Series A Preferred Stock, in the aggregate, would have approximately 12,252,483 votes, representing approximately 51% of the total voting power of the Company. With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation's Articles of Incorporation or by-laws.

**Emerging Growth Company Status**

We qualify as an "emerging growth company" under the federal securities laws and, therefore, we may take advantage of certain exemptions from various public company reporting requirements, including:

● a requirement to only have two years of audited financial statements and only two years of related selected financial data and management's discussion and analysis;

● exemption from the auditor attestation requirement on the effectiveness of our internal controls over financial reporting;

● reduced disclosure obligations regarding executive compensation; and

● exemptions from the requirements of holding a non-binding advisory stockholder vote on executive compensation and any golden parachute payments.

We may take advantage of these provisions for up to five years or such earlier time that we are no longer an emerging growth company. We would cease to be an emerging growth company if we have more than $1.235 billion in total annual growth revenues, have issued more than $1 billion of non-convertible debt in the past three years, or if we are deemed to be a large accelerated filer under the rules of the Securities and Exchange Commission (the "SEC"). We may choose to take advantage of some, but not all, of the available benefits available to emerging growth companies. We have taken advantage of some of the reduced reporting requirements in this prospectus. Accordingly, the information contained herein may be different than the information you receive from other public companies in which you hold stock. In addition, an emerging growth company may delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have elected to avail ourselves of this exemption from new or revised accounting standards and, therefore, we will not be subject to the same new or revised accounting standards as other public companies that are not emerging growth companies.

**Smaller Reporting Company Status**

We are also a smaller reporting company as defined in the Securities Exchange Act of 1934, as amended. We may take advantage of certain of the scaled disclosures available to smaller reporting companies and will be able to take advantage of these scaled disclosures for so long as (i) the market value of our voting and non-voting common stock held by non-affiliates is less than $250 million measured on the last business day of our second fiscal quarter or (ii) our annual revenue is less than $100 million during the most recently completed fiscal year and the market value of our voting and non-voting common stock held by non-affiliates is less than $700 million measured on the last business day of our second fiscal quarter. Specifically, as a smaller reporting company, we may choose to present only the two most recent fiscal years of audited financial statements in our Annual Report on Form 10-K and have reduced disclosure obligations regarding executive compensation and, if we are a smaller reporting company with less than $100 million in annual revenue, we would not be required to obtain an attestation report on internal control over financial reporting issued by our independent registered public accounting firm.

**Controlled Company Status**

After completion of this offering, Jared Thau and Jordan Thau will continue to control a majority of the voting power in us. As a result, we will be a "controlled company." Under the Nasdaq rules, a company of which more than 50% of the voting power for the election of directors is held by an individual, group or another company is a "controlled company" and may elect not to comply with certain corporate governance requirements, including the requirements that, within one year of the date of the listing of our common stock:

● we have a board of directors that is composed of a majority of "independent directors," as defined under the rules of such exchange;

● we have a compensation committee that is composed entirely of independent directors; and

● we have a nominating and corporate governance committee that is composed entirely of independent directors.

As a controlled company, we will remain subject to the rules of the Sarbanes-Oxley Act and Nasdaq that require us to have an audit committee composed entirely of independent directors. Under these rules, we must have at least one independent director on our audit committee by the date our common stock is listed on Nasdaq, at least two independent directors on our audit committee within 90 days of the listing date, and at least three directors, all of whom must be independent, on our audit committee within one year of the listing date.

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**MANAGEMENT** 

**Executive Officers and Directors** 

The following table provides information regarding our executive officers and directors as of February 10, 2026:

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position(s)** |
| *Executive Officers:* |  |  |
| Jared Thau | 25 | Founder, President, Chief Executive Officer and Chairman of the Board of Directors |
| Jordan Thau | 27 | Chief Technology Officer and Director |
| John Pitstick | 52 | Chief Financial Officer |
| Scott P. Barlow | 57 | General Counsel |
| *Non-Employee Directors:* |  |  |
| Christopher Melton <sup>(1)(2)(3)</sup> | 54 | Independent Director |
| Travis Brady <sup>(2)</sup> | 57 | Independent Director |
| Orlando Barrowes<sup>(1)(3)</sup> | 50 | Independent Director |
| Nathan Larsen<sup>(1)(2)(3)</sup> | 56 | Independent Director |

---

(1) Member
 of the Audit Committee.

(2) Member
 of the Compensation Committee.

(3) Member
 of the Nominating and Corporate Governance Committee.

 ****

***Executive Officers***

***Jared Thau, Chief Executive Officer and Chairman of the Board of Directors***

Jared Thau, 25, is a game developer and software engineer with over a decade of experience in the tech and gaming industries. Jared's journey in game development began in 2010 at the age of 10 when he discovered Roblox. By 2012, at just 12 years old, he created his first game, *Build To Survive Zombies*, which was played over 1 million times. The success of this game allowed Jared to fund subsequent projects, games, and ventures. One of his most notable contributions was to a game on Roblox, released in 2022, which has been played over 800 million times and continues to average 500,000 play sessions each day.

After his first game, he became a full-time game developer, self-employed from the start of his career. In 2015, he began taking on leadership roles in multiple small game development studios, working on a wide variety of game genres including tycoons, simulators, horror, and roleplay. Over the years, Jared worked on hundreds of small games, honing his leadership skills and developing a versatile portfolio in game design, marketing, 3D modeling, and project management.

Jared studied International Business at Lynn University in 2019, further expanding his understanding of the business side of the tech and gaming industries.

In addition to his work in gaming, Jared is the founder and owner of *RawNews.com*, a small media outlet that grew from a previously shut-down news platform. In 2021, Jared took over RawNews.com and transformed it into a Google News-approved outlet, which has since gained over 11,000 real organic followers on Facebook and over 8,000 followers on X (formerly known as Twitter). Throughout this journey, Jared has also been deeply involved in the development of software and apps, particularly AI-driven products. His passion for Artificial Intelligence (AI) grew, and by 2024, he focused heavily on AI-driven solutions, taking on roles and responsibilities that pushed him to learn and grow.

Jared's entrepreneurial journey with his leadership in game development, has allowed him to carve out a unique position in the tech space, where he continues to innovate and inspire others. His specialty in AI and project management continues to shape his career, with an emphasis on developing tools and products that have a lasting impact.

We believe Jared Thau is qualified to serve on our board of directors because of his vast experience, leadership, and innovative perspective.

***Jordan Thau, Chief Technology Officer and Director***

Jordan Thau, 27, is a results-oriented software engineer with over 10 years of game development experience. Jordan graduated from Florida State University in 2022, with a Bachelors of Science (B.S.) in Information Technology, where he studied Information Technology and Computer Science. Jordan's journey in game development began in 2010 at the age of 12 when he and his brother, Jared, came across Roblox. In 2012, alongside his brother, he created his first game, "Build To Survive Zombies". This game went on to be played over a million times.

Throughout his years of game development, Jordan has contributed to multiple other games, in the role of engineering and consulting, that have accumulated over 1 billion plays on Roblox. Jordan brings years of expertise and experience in a rare, quickly expanding area of gaming.

Aside from his impressive game development rapport, Jordan has also worked in other areas of software development. Since 2021, he has worked in a professional setting at a fast-paced startup in the restaurant-tech industry, which he has since ceased to co-found Gameverse Interactive. He has worked alongside teams from Samsung, LG, and Dover. He brings vital experience on team management and the entire software development lifecycle.

We believe that Jordan Thau is qualified to serve on our board of directors because of the perspective and experience he brings as our Chief Technical Officer.

***John Pitstick, Chief Financial Officer***

John Pitstick, 52, brings to our Company over 30 years of experience as a financial executive of publicly traded and privately held companies, including nearly a decade at a major accounting firm. Mr. Pitstick has deep experience in accounting, taxes, capital markets, financial operations, internal controls and SEC reporting/compliance matters. From 2015 through 2024, Mr. Pitstick held financial executive roles at privately held companies including medical device manufacturer Caldera Medical, Inc., biotechnology developer Dyve Biosciences, Inc. and software solutions provider Seven Lakes Enterprises, Inc. Mr. Pitstick served as Executive Vice President from 2005 to 2007 and then as Chief Financial Officer from 2007 to 2015 of publicly traded Conversant, Inc. From 1995 to 2004, Mr. Pitstick worked for Ernst & Young LLP serving a broad range of clients in the technology, biotech and financial services industries, ultimately as a Senior Manager. Since 2020, Mr. Pitstick has served on the Board of Directors and is Chairman of the Audit Committee of publicly-traded Velocity Financial, Inc. (NYSE: VEL). Mr. Pitstick is a Certified Public Accountant (inactive) and received a Bachelor of Science in Accounting from the University of San Francisco.

***Scott P. Barlow, General Counsel***

 

Scott P. Barlow, 57, is a seasoned executive and board member with nearly 30 years of experience as an attorney and over 20 years as a general counsel and secretary serving the Board of Directors for private and publicly traded companies. Mr. Barlow is a pioneer in the online technology community whose career started in San Francisco and Silicon Valley at the advent of the Internet. As the Executive Vice President & General Counsel for publicly traded Conversant, Inc., Mr. Barlow led the Company's world-wide legal department and had the primary responsibility for overseeing the Company's litigation, governmental and securities regulations, SEC and regulatory reporting, intellectual property and employment law functions. Mr. Barlow served as the secretary for Conversant's audit, corporate governance and compensation committees. In addition, Mr. Barlow led the legal team that negotiated over 17 mergers and acquisitions during his 15-year tenure with the Company. Mr. Barlow's M&A journey with Conversant culminated with the Company being acquired by Alliance Data Systems Corporation in December of 2014 for a purchase price of $2.3 billion.

Prior to serving as Executive Vice President & General Counsel with Conversant, Inc., Mr. Barlow was the Vice President & General Counsel with Mediaplex, Inc. and helped lead Mediaplex's IPO process in 1999.

Currently, Mr. Barlow serves as a legal advisor and outside general counsel to several public and private companies. He holds a Bachelor of Science in Advertising from the University of Florida and a Juris Doctor from the University of Akron School of Law.

***Non-Employee Directors***

***Travis Brady, Independent Director***

Travis Brady, 57, has had significant roles and worked with top game studios such as Valve from 1998 to 2002, and Bungie from 2002 to 2015. He was an original developer at Bungie for the original Halo and the Halo Series thereafter, helping to reshape the gaming industry. He also transitioned from the success of the Halo Series, onto another multimillion-dollar franchise, as the first 3D artist and beginning developer on Bungie's Destiny Series for Playstation.

Currently, Travis is a founder and member of the Board of Directors' Steering Committee at Highwire Games since 2015. He has also been an Art Director at Highwire, in this role, he was involved in developing and creating the visual style and assets for one of Sony Interactive's first VR titles for the PSVR, titled Golem. Still applying his leadership at Highwire Games, Travis is playing a crucial role in developing "Six Days in Fallujah." A historically accurate, playable, documentary experience of the first days of the Battle of Fallujah in 2004. In early access release, Six Days was a number one selling game on Steam. In Six Days in Fallujah's furthering development, Travis has been responsible, as a director and shareholder, to guide development meetings for publisher funding, guide the visual style, direct outsourcing studios, guide in the direction of cinematic story and movie scenes, mentor internal teams of artists and animators, as well as continuing to develop content himself.

Mr. Brady received an Associate of Arts degree from J.M. Perry Institute, Yakima, WA, in 1989. Through his more than 35 years of development history, Travis has been a leader on very many highly talented teams responsible for an abundance of AAA and iconic titles and franchises, such as Half-Life2, Team Fortress, Halo, and Destiny. Throughout his lengthy career, he has continued to demonstrate his commitment to excellence and influencing in development and the gaming world. His leadership and innovation have left a lasting legacy.

***Orlando Barrowes, Independent Director***

Orlando Barrowes, 50, has made a significant impact in game design and visual effects. As a co-founder of CHAIR Entertainment Group in June 2005, he later became a principal developer at Epic Games, contributing to Fortnite's rise and mainstream success since 2018. Known for his strategic insights and creative contributions, Orlando has helped shape iconic titles, generating over $30 billion in revenue and earning numerous Game of the Year awards and high review scores. His work has been recognized on major platforms, with iPad games showcased by Steve Jobs during Apple keynotes. Skilled in Unreal engine 5, Maya, and Photoshop, Orlando also explores integrating generative and traditional art forms. Mr. Barrowes received a Bachelor of Fine Arts in Illustration with a background in Computer Science, Animation, and Film from Brigham Young University. We believe the combination of artistic vision with technical expertise to create memorable gaming experiences makes him a valuable member of our board of directors.

***Nathan Larsen, Independent Director***

Nathan Larsen, 55, has served as the Chief Experience Officer at TruGolf since March 2021. In this role, he oversees the integration of product design, development, and customer experience to deliver innovative golf simulation solutions. With more than two decades of experience in creative leadership, strategy, and operations, Nathan has played a critical role in building brands, leading product innovation, and driving team success across industries including entertainment, technology, construction, and environmental restoration. Nathan's past employment history includes working at Sierra Online as a game artist and animator from 1990-1992, a creative director at Access Software from 1992-1999, a senior creative director at Take-Two Interactive from 2004-2006, President and COO of E Builders from 2006-2019, in which he was responsible for operational management and business development in the custom homebuilding industry, and 106 Reforestation from 2018-2021, acting as a senior director, where he provided brand position and marketing strategies. Mr. Larsen conducted studies in CADD drafting and designing at WACTC in Canonsburg, PA and received his Game Design and Animation Certificate from Alias/Waterfront in Toronto, Canada. We believe that Mr. Larsen's expertise in simulation solutions, animation and game design, combined with managerial and business development skills makes him an asset to our board of directors.

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***Christopher Marc Melton, Independent Director***

 

Christopher Marc Melton, 54, has served as a specialist land acquisition advisor with SVN, a national commercial brokerage services transacting large land parcels to homebuilders and multifamily developers, since 2019 and is a licensed real estate salesperson in the State of South Carolina and Georgia. Mr. Melton co-founded Callegro Investments, LLC in 2012 to invest in distressed master-planned communities. Mr. Melton also serves on the board of directors and audit committees for Safe and Green Development Corporation (OTCM: SGD), a real estate development company, Safety Shot, Inc. (formerly Jupiter Wellness Inc.) (Nasdaq: SHOT), a beverage and dietary supplement company, SRM Entertainment, Inc. (Nasdaq: SRM), a toy and souvenir designer and developer, and Safe & Green Holdings Corp. (Nasdaq: SGBX), a developer, designer and fabricator of modular structures. From 2008 to 2012 Mr. Melton capitalized various media and retail ventures including Bestival Ltd. and Any Old Iron. From 2000 to 2008, Mr. Melton was a Portfolio Manager for Kingdon Capital Management ("Kingdon") in New York City, where he ran an $800 million book in media, telecom and Japanese investment. Mr. Melton opened Kingdon's office in Japan, where he set up a Japanese research company. From 1997 to 2000, Mr. Melton served as a Vice President at J.P. Morgan Investment Management Inc. as an equity research analyst, where he helped manage $500 million in REIT funds under management. Mr. Melton was a Senior Real Estate Equity Analyst at RREEF Funds in Chicago from 1995 to 1997. RREEF Funds is the real estate investment management business of Deutsche Bank's Asset Management division. Mr. Melton earned a Bachelor of Arts in Political Economy of Industrial Societies from the University of California, Berkeley in 1995. Mr. Melton earned Certification from University of California, Los Angeles's Anderson Director Education Program in 2014, a certificate in cybersecurity for managers from MIT in 2021 and certificate in AI strategy from Cornell in 2023. Mr. Melton's extensive experience in land acquisition, real estate investment and development, as well as his experience serving on the boards and committees of other public companies, makes him an excellent asset to our board of directors.

**Family Relationships**

Jared Thau (our Chief Executive Officer and Chairman of our Board) and Jordan Thau (our Chief Technology Officer and one of our directors) are brothers. There are no additional family relationships among any of our directors and officers, other than the relationship described above.

**Involvement in Certain Legal Proceedings**

None of our directors, executive officers, promoters, or control persons has been involved in any material legal proceeding in the past five years.

**Code of Ethics**

Before the closing of this offering, we plan to adopt a Code of Ethics applicable to our officers, directors, and employees. If we make any amendments to our Code of Ethics other than technical, administrative, or other non-substantive amendments, or grant any waivers, including implicit waivers, from a provision of our Code of Ethics to our Chief Executive Officer, Chief Financial Officer, or certain other finance executives, we will disclose the nature of the amendment or waiver, its effective date and to whom it applies in a Current Report on Form 8-K filed with the SEC.

**Board and Committee Meetings**

Our Board did not hold any formal meetings in fiscal year ended December 31, 2024, but held several informal meetings during the fiscal year ended December 31, 2024. All proceedings of the Board taken at a formal meeting were evidenced by minutes taken at such meeting. All other matters approved by the Board outside of any formal meeting were evidenced by resolutions consented to by all the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to applicable Nevada law and our Bylaws, valid and effective as if they had been passed at a meeting of the directors duly called and held.

**Nominating and Corporate Governance Committee** 

Our nominating and corporate governance committee consists of Orlando Barrowes, Nathan Larsen and Christopher Melton, with Orlando Barrowes serving as Chairperson, and each of whom meets the requirements for independence under the listing standards of Nasdaq and SEC rules and regulations. Effective prior to the effectiveness of the registration statement of which this prospectus forms a part, our nominating and corporate governance committee will, among other things:

● identify, evaluate and select, or make recommendations to our board of directors regarding, nominees for election to our board of directors and its committees;

● evaluate the performance of our board of directors and of individual directors;

● consider and make recommendations to our board of directors regarding the composition of our board of directors and its committees;

● review developments in corporate governance practices;

● evaluate the adequacy of our corporate governance practices and reporting; and

● develop and make recommendations to our board of directors regarding corporate governance guidelines and matters.

Our nominating and corporate governance committee operates under a written charter, effective as of August 22, 2025, that satisfies the applicable listing standards of Nasdaq.

**Audit and Finance Committee and Audit Committee Financial Expert** 

Our audit committee consists of Christopher Melton, Orlando Barrowes and Nathan Larsen, with Christopher Melton serving as Chairperson, and each of whom meet the requirements for independence under the listing standards of Nasdaq and SEC rules and regulations. Each member of our audit committee also meets the financial literacy and sophistication requirements of the listing standards of Nasdaq. In addition, our board of directors has determined that Christopher Melton is an audit committee financial expert within the meaning of Item 407(d) of Regulation S-K under the Securities Act of 1933, as amended, or the Securities Act. Effective prior to the effectiveness of the registration statement of which this prospectus forms a part, our audit committee will, among other things:

● select a qualified firm to serve as the independent registered public accounting firm to audit our financial statements;

● help to ensure the independence and performance of the independent registered public accounting firm;

● discuss the scope and results of the audit with the independent registered public accounting firm, and review, with management and the independent registered public accounting firm, our interim and year-end results of operations;

● develop procedures for employees to submit concerns anonymously about questionable accounting or audit matters;

● review our policies on risk assessment and risk management;

● review related party transactions; and

● approve or, as required, pre-approve, all audit and all permissible non-audit services, other than de minimis non-audit services, to be performed by the independent registered public accounting firm.

Our audit committee operates under a written charter, effective as of August 22, 2025, that satisfies the applicable rules and regulations of the SEC and the listing standards of Nasdaq.

We believe that the members of our Audit and Finance Committee are collectively capable of analyzing and evaluating our consolidated financial statements and understanding internal controls and procedures for financial reporting.

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**Compensation Committee** 

Our compensation committee consists of Nathan Larsen, Christopher Melton and Travis Brady, with Nathan Larsen serving as Chairperson, and each of whom meets the requirements for independence under the listing standards of Nasdaq and SEC rules and regulations. Each member of our compensation committee is a non-employee director, as defined pursuant to Rule 16b-3 promulgated under the Exchange Act, or Rule 16b-3. Effective prior to the effectiveness of the registration statement of which this prospectus forms a part, our compensation committee will, among other things:

● review, approve and determine, or make recommendations to our board of directors regarding, the compensation of our executive officers;

● administer our equity compensation plans;

● review and approve and make recommendations to our board of directors regarding incentive compensation and equity compensation plans; and

● establish and review general policies relating to compensation and benefits of our employees.

Our compensation committee operates under a written charter, effective as of August 22, 2025, that satisfies the applicable rules and regulations of the SEC and the listing standards of Nasdaq.

**Compensation Committee Interlocks and Insider Participation** 

None of the members of our compensation committee is or has been an officer or employee of our company. None of our executive officers currently serves, or in the past year has served, as a member of the board of directors or compensation committee (or other board committee performing equivalent functions) of any entity that has one or more of its executive officers serving on our board of directors or compensation committee. See the section titled "*Certain Relationships and Related Party Transactions*" for information about related party transactions involving members of our compensation committee or their affiliates.

During the fiscal year ended December 31, 2024, we did not have a Compensation Committee or another committee of the Board of directors performing equivalent functions. Instead, the entire Board performed the function of Compensation Committee. Our Board approved the executive and director compensation updates, with the entire Board acting as the Compensation Committee. On August 22, 2025, the Board established our Compensation Committee comprised of the following directors: Nathan Larsen, Christopher Melton and Travis Brady.

**Outstanding Equity Awards at Fiscal Year End**

During our fiscal years ended December 31, 2024, and 2023, the Company issued warrants to purchase shares of common stock in the amount of 512,000 and 193,500, respectively. These warrants were issued in connection with shares of common stock and have a five-year term with a strike price of $2.00 per share. As of December 31, 2024, 705,500 warrants were outstanding.

**Compensation Committee Report**

As the Compensation Committee has not yet been formed, during the fiscal year December 31, 2024, it did not hold any meetings and therefore there is no compensation committee report. The Compensation Committee Charter, which was adopted by the Board to govern the Compensation Committee, is available on our website at <u>www.gameverseinteractive.com.</u>

**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 a committee thereof.

**Indebtedness of Directors, Senior Officers, Executive Officers and Other Management**

None of our directors or executive officers or any associate or affiliate of our Company during the last two fiscal years is or has been indebted to our Company by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

**Omnibus Equity Incentive Plans**

On September 24, 2025, the Company held a Board of Directors meeting, whereas, the Board of Directors had elected to adopt an Omnibus Equity Incentive Plan (the "2025 Plan"), that includes reserving 3,000,000 shares of common stock eligible for issuance under the 2025 Plan, to be registered on a Form S-8 Registration Statement with the SEC. The 2025 Plan is designed to enable the flexibility to grant equity awards to the Company's officers, employees, non-employee directors and consultants and to ensure that it can continue to grant equity awards to eligible recipients at levels determined to be appropriate by the Board and/or the Compensation Committee. The 2025 Plan was approved by the Company's stockholders at a special meeting of stockholders held on October 16, 2025.

**Compensation Recovery Policy**

On August 22, 2025, the Board of Directors adopted a compensation recovery policy which provides for the recovery of certain executive compensation in the event of an accounting restatement resulting from material non-compliance with financial reporting requirements under the federal securities laws. There have been no accounting restatements to date, nor is there any compensation to be recovered.

**EXECUTIVE COMPENSATION** 

Our named executive officers, consisting of our principal executive officer and the next two most highly compensated executive officers, for the year ended December 31, 2025 and 2024, were:

● Jared Thau, our Founder, President, Chief Executive Officer and Chairman of our board of directors; and

● Jordan Thau, our Chief Technology Officer.

● John Pitstick, our Chief Financial Officer.

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**Summary Compensation Table** 

The following table provides information regarding compensation paid to our named executive officers for the year ended December 31, 2025 and December 31, 2024 (as applicable):

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year** | **Salary ($)** | **Bonus ($)** | **Stock Awards ($)** | **Option Awards ($)** | **Non- Equity Incentive Plan Compensation ($)** | **Non- Qualified Deferred Comp. Earnings ($)** | **All Other Compensation ($)(1)** | **Total ($)** |
| Jared Thau, Chief Executive Officer | 2025 | $258369 | $– $|  | $—  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $542500 | $800869 |
|  | 2024 | $105450 | $– $|  | $—  | $— | $— | $—  | $105450  |
| Jordan Thau, Chief Technology Officer | 2025 | $220154 | $– $| —  | $—  | $— | $— | $542500  | $762654 |
|  | 2024 | $102000 | $– $|  | $—  | $— | $— | $— | $102000 |
| John Pitstick, Chief Financial Officer | 2025 | $79350 | $– $|  | $— | $— | $— | $— | $79350  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents the fair value of 250,000 shares of Tron, Inc. restricted common stock that the Company transferred to Jared
 Thau and Jordan Thau on September 26, 2025.

**Employment Agreements**

*Jared Thau, Chief Executive Officer Executive Employment Agreement*

On March 28, 2025, the Company and Mr. Jared Thau entered into an Executive Employment Agreement, which, among other things, employs Mr. Jared Thau as the Chief Executive Officer of the Company. Effective upon the listing of the Company's common stock on a national stock exchange, Mr. Jared Thau will be paid a salary of $300,000 in accordance with the Company's customary payroll practices and applicable wage payment and withholdings laws and requirements. Additionally, as part of the Executive's compensation, the Executive shall receive an initial equity grant of 300,000 shares of the Company's common stock at an exercise price of $2.00 per share (the "Options"). In addition, the Executive shall receive 100,000 restricted stock units (the "RSUs"). Both the Options and RSUs shall vest over a three (3) year period, with one-third (1/3) of the Options and RSUs vesting on each anniversary of the effective date of the Executive Employment Agreement. The Executive shall also be entitled to an annual bonus of up to one hundred and fifty (150) 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.

 

*Jordan Thau, Chief Technical Officer, Executive Employment Agreement*

 

On March 28, 2025, the Company and Mr. Jordan Thau entered into an Executive Employment Agreement, which, among other things, employs Mr. Jordan Thau as the Chief Technology Officer of the Company. Effective upon the listing of the Company's common stock on a national stock exchange, Mr. Jordan Thau will be paid a salary of $255,000 in accordance with the Company's customary payroll practices and applicable wage payment and withholdings laws and requirements. Additionally, as part of the Executive's compensation, the Executive shall receive an initial equity grant of 250,000 shares of the Company's common stock at an exercise price of $2.00 per share (the "Options"). In addition, the Executive shall receive 100,000 restricted stock units (the "RSUs"). Both the Options and RSUs shall vest over a three (3) year period, with one-third (1/3) of the Options and RSUs vesting on each anniversary of the effective date of the Executive Employment Agreement. The Executive shall also be entitled to an annual bonus of up to one hundred and fifty (150) 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.

 

*John Pitstick, Chief Financial Officer, Executive Employment Agreement*

On February 23, 2025, the Company and Mr. John Pitstick entered into an Executive Employment Agreement, which, among other things, employs Mr. Pitstick as the Chief Financial Officer of the Company with an initial annual 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 a committee thereof.

**Indebtedness of Directors, Senior Officers, Executive Officers and Other Management**

None of our directors or executive officers or any associate or affiliate of our Company during the last two fiscal years is or has been indebted to our Company by way of guarantee, support agreement, letter of credit or other similar agreement or understanding currently outstanding.

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**CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS** 

No director, executive officer, stockholder holding at least 5% of shares of our common stock, or any family member thereof, had any material interest, direct or indirect, in any transaction, or proposed transaction since the beginning of the fiscal year ended December 31, 2025, in which the amount involved in the transaction exceeded or exceeds the lesser of $120,000 or one percent of the average of our total assets at the fiscal year end for the last three completed fiscal years.

**PRINCIPAL STOCKHOLDERS** 

The following table sets forth information as of February 10, 2026, regarding the beneficial ownership of our common stock by (i) those persons who are known to us to be the beneficial owner(s) of more than 5% of our common stock, (ii) each of our directors, director nominees and named executive officers, and (iii) all of our directors, director nominees and executive officers as a group. Except as otherwise indicated, the beneficial owners listed in the table below possess the sole voting and dispositive power in regard to such shares and have an address of c/o Gameverse Interactive Corp, 2300 E Las Olas Blvd, 4<sup>th</sup> Fl., Fort Lauderdale, FL 33301. As of February 10, 2026, there were 11,772,500 shares of our common stock outstanding.

Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Shares of our common stock subject to options, warrants, notes or other conversion privileges currently exercisable or convertible, or exercisable within 60 days of the date of this table, are deemed outstanding for computing the percentage of the person holding such option, warrant, note, or other convertible instrument but are not deemed outstanding for computing the percentage of any other person. Where more than one person has a beneficial ownership interest in the same shares, the sharing of beneficial ownership of these shares is designated in the footnotes to this table.

---

| | | |
|:---|:---|:---|
| **Name and Address of Beneficial Owner** | **Amount and Nature of Beneficial**<br> **Ownership<sup>(1)</sup>** | **Percentage<br> of<br> Class** |
| Jared Thau | 3695000 | 47.5% |
| Jordan Thau | 2205000 | 28.4% |
| Travis Brady |  | -% |
| Orlando Barrowes |  | -% |
| Nathan Larsen |  | -% |
| Christopher Marc Melton |  | -% |
| Directors and Named Executive Officers as a Group (6 persons)<sup>(2)</sup> | 5900000 | 75.9% |
| 5% Shareholders |  | -% |

---

<sup>(1)</sup> The beneficial owner's address is 2300 E Las Olas Blvd, 4<sup>th</sup> Fl., Fort Lauderdale, FL 33301.

<sup>(2)</sup> Unless otherwise noted, the address of each beneficial owners listed in footnote 2 is the Company's address, located at 2300 E Las Olas Blvd, 4<sup>th</sup> Fl., Fort Lauderdale, FL 33301.

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**DESCRIPTION OF CAPITAL STOCK** 

*The rights of our stockholders are governed by Nevada law, our Articles of Incorporation, as amended (our "Articles of Incorporation") and our Bylaws. The following briefly summarizes the material terms of our common stock and preferred stock. This summary does not purport to be complete and is qualified in its entirety by reference to our Articles of Incorporation and Bylaws, copies of which have been filed as exhibits to this filing. For more information, see the section titled "Where You Can Find Additional Information."*

**Authorized Capital Stock**

Our authorized capital stock consists of 200,000,000 shares of authorized capital stock, par value $0.001 per share, consisting of 190,000,000 shares of common stock and 10,000,000 shares of preferred stock. As of February 10, 2026, there were 11,772,500 shares of our common stock outstanding.

**Common Stock**

We are authorized to issue up to a total of 190,000,000 shares of common stock, $0.001 par value per share. Holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of our stockholders, including the election of directors. Holders of our common stock have no cumulative voting rights. Further, holders of our common stock have no preemptive or conversion rights or other subscription rights.

Additionally, if a quorum is present, an action by stockholders entitled to vote on a matter is approved if the number of votes cast in favor of the action exceeds the number of votes cast in opposition to the action (other than the election of directors). The vote of a majority of the shares of our common stock held by stockholders present in person or represented by proxy and entitled to vote at the Meeting will be sufficient to elect directors or to approve a proposal.

**Preferred Stock**

We are authorized to issue up to a total of 10,000,000 shares of preferred stock, $0.001 par value per share. The Company may choose to assign designated rights to the preferred stock in the future.

*Series A Preferred Stock*

On September 24, 2025, the Company's Board of Directors authorized the establishment of a new Series A Preferred Stock and approved the issuance of 51 total shares of Series A Preferred Stock to the Company's two founders.

Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 *multiplied by* the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the "Numerator"), *divided by* (y) 0.49, *minus* (z) the Numerator.

Based on the Company's 11,772,500 issued and outstanding shares of Common Stock as of February 10, 2026, the shares of Series A Preferred Stock, in the aggregate, would have approximately 12,252,483 votes, representing approximately 51% of the total voting power of the Company.

With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation's Articles of Incorporation or by-laws.

No other shares of preferred stock are currently outstanding.

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**Anti-Takeover Effects of Various Provisions of Nevada Law, Our Articles of Incorporation and Our Bylaws**

Nevada Revised Statutes sections 78.378 to 78.379 provide state regulation over the acquisition of a controlling interest in certain Nevada corporations unless the articles of incorporation or bylaws of the corporation provide that the provisions of these sections do not apply. Our articles of incorporation and bylaws do not state that these provisions do not apply. The statute creates a number of restrictions on the ability of a person or entity to acquire control of a Nevada company by setting down certain rules of conduct and voting restrictions in any acquisition attempt, among other things. The statute is limited to corporations that are organized in the state of Nevada and that have 200 or more stockholders, at least 100 of whom are stockholders of record and residents of the State of Nevada; and does business in the State of Nevada directly or through an affiliated corporation. Because of these conditions, the statute currently does not apply to our company.

 ****

***Anti-Takeover Effects of Provisions of Nevada State Law***

We may be, or in the future we may become, subject to Nevada's control share laws. A corporation is subject to Nevada's control share law if it has more than 200 stockholders, at least 100 of whom are stockholders of record and residents of Nevada, and if the corporation does business in Nevada, including through an affiliated corporation. This control share law may have the effect of discouraging corporate takeovers.

The control share law focuses on the acquisition of a "controlling interest," which means the ownership of outstanding voting shares that would be sufficient, but for the operation of the control share law, to enable the acquiring person to exercise the following proportions of the voting power of the corporation in the election of directors: (i) one-fifth or more but less than one-third; (ii) one-third or more but less than a majority; or (iii) a majority or more. The ability to exercise this voting power may be direct or indirect, as well as individual or in association with others.

The effect of the control share law is that an acquiring person, and those acting in association with that person, will obtain only such voting rights in the control shares as are conferred by a resolution of the stockholders of the corporation, approved at a special or annual meeting of stockholders. The control share law contemplates that voting rights will be considered only once by the other stockholders. Thus, there is no authority to take away voting rights from the control shares of an acquiring person once those rights have been approved. If the stockholders do not grant voting rights to the control shares acquired by an acquiring person, those shares do not become permanent non-voting shares. The acquiring person is free to sell the shares to others. If the buyer or buyers of those shares themselves do not acquire a controlling interest, the shares are not governed by the control share law.

If control shares are accorded full voting rights and the acquiring person has acquired control shares with a majority or more of the voting power, a stockholder of record, other than the acquiring person, who did not vote in favor of approval of voting rights, is entitled to demand fair value for such stockholder's shares.

In addition to the control share law, Nevada has a business combination law, which prohibits certain business combinations between Nevada publicly traded corporations and "interested stockholders" for two years after the interested stockholder first becomes an interested stockholder, unless the corporation's board of directors approves the combination in advance. For purposes of Nevada law, an interested stockholder is any person who is: (i) the beneficial owner, directly or indirectly, of 10% or more of the voting power of the outstanding voting shares of the corporation, or (ii) an affiliate or associate of the corporation and at any time within the previous two years was the beneficial owner, directly or indirectly, of 10% or more of the voting power of the then-outstanding shares of the corporation. The definition of "business combination" contained in the statute is sufficiently broad to cover virtually any kind of transaction that would allow a potential acquirer to use the corporation's assets to finance the acquisition or otherwise to benefit its own interests rather than the interests of the corporation and its other stockholders.

The effect of Nevada's business combination law is to potentially discourage parties interested in taking control of the Company from doing so if it cannot obtain the approval of our board of directors.

***Limitations on Liability, Indemnification of Officers and Directors and Insurance***

*Elimination of Liability of Directors*

The NRS authorizes corporations to limit or eliminate the personal liability of directors and officers to corporations and their stockholders and creditors for damages as a result of any act or failure to act in their capacity as a director or officer, and our articles of incorporation include such an exculpation provision. Our articles of incorporation provide that, to the fullest extent permitted by the NRS, no director or officer will be personally liable to us, our stockholders or our creditors for any damages as a result of any act or failure to act in his or her capacity as a director or officer. While our articles of incorporation provide directors with protection from awards for monetary damages for breaches of their duty of care, it does not eliminate this duty. Accordingly, our articles of incorporation have no effect on the availability of equitable remedies such as an injunction or rescission based on a director's breach of his or her duty of care.

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*Indemnification of Directors, Officers and Employees*

Our articles of incorporation and bylaws require us to indemnify any director, officer, employee or agent of Gameverse who was or is a party to, or is threatened to be made a party to, or is otherwise involved in, any proceeding, by reason of the fact that he or she is or was a director, officer, employee or agent of Gameverse or is or was serving at the request of Gameverse as a director, officer, employee or agent of, or in any other capacity for, another corporation, partnership, joint venture, limited liability company, trust, or other enterprise, to the fullest extent permitted under Nevada law, against all expense, liability and loss (including attorneys' fees, judgments, fines, taxes, penalties and amounts paid or to be paid in settlement) reasonably incurred or suffered by such person in connection with such proceeding if the person acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of Gameverse and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.

We are authorized under our bylaws to purchase and maintain insurance to protect Gameverse and any current or former director, officer, employee or agent of Gameverse or another corporation, partnership, joint venture, trust or other enterprise against any expense, liability or loss, whether or not Gameverse would have the power to indemnify such person against such expense, liability or loss under the NRS.

The limitation of liability and indemnification provisions in our articles of incorporation and bylaws may discourage stockholders from bringing a lawsuit against our directors for breach of fiduciary duty. These provisions also may reduce the likelihood of derivative litigation against our directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. In addition, your investment in Gameverse' securities may be adversely affected to the extent we pay the costs of settlement and damage awards under these indemnification provisions.

**Transfer Agent and Registrar**

The transfer agent and registrar for our common stock is ClearTrust, LLC, whose address is 16540 pointe Village Drive, Suite 210, Lutz, FL 33558.

**Stock Market Listing**

We intend to apply to have our shares of common stock listed on the Nasdaq Capital Market under the symbol "GVSE."

**SHARES ELIGIBLE FOR FUTURE SALE** 

Prior to this offering, there was no public market for our common stock. We cannot predict the effect, if any, that market sales of shares of our common stock or the availability of shares of our common stock for sale will have on the market price of our common stock. Sales of substantial amounts of our common stock in the public market could adversely affect the market prices of our common stock and could impair our future ability to raise capital through the sale of our equity securities.

We have outstanding an aggregate of 11,772,500 shares of our common stock. Of these shares, all of the [_______] shares to be registered in this offering will be freely tradable without restriction or further registration under the Securities Act, unless those shares are purchased by our affiliates, as that term is defined in Rule 144 under the Securities Act.

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The remaining [______] shares of common stock outstanding after this offering will be restricted as a result of securities laws. Restricted securities may be sold in the public market only if they have been registered or if they qualify for an exemption from registration under Rule 144 under the Securities Act.

**Rule 144**

In general, under Rule 144 as currently in effect, once we have been subject to public company reporting requirements for at least 90 days, a person who is not deemed to have been one of our affiliates for purposes of the Securities Act at any time during the 90 days preceding a sale and who has beneficially owned the shares of our capital stock proposed to be sold for at least six months, including the holding period of any prior owner other than our affiliates, is entitled to sell such shares without complying with the manner of sale, volume limitation, or notice provisions of Rule 144, subject to compliance with the public information requirements of Rule 144. If such a person has beneficially owned the shares of our capital stock proposed to be sold for at least one year, including the holding period of any prior owner other than our affiliates, then such person is entitled to sell such shares without complying with any of the requirements of Rule 144.

In general, under Rule 144, as currently in effect, our affiliates or persons selling shares of our capital stock on behalf of our affiliates are entitled to sell upon expiration of the lock-up agreements described below, within any three-month period beginning 90 days after the date of this prospectus, a number of shares that does not exceed the greater of:

● 1% of the number of shares of our capital stock then outstanding, which will equal approximately 114,780 shares immediately after this offering; or

● the average weekly trading volume of our common stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect to such sale.

Sales under Rule 144 by our affiliates or persons selling shares of our capital stock on behalf of our affiliates are also subject to certain manner of sale provisions and notice requirements and to the availability of current public information about us.

**Regulation S**

Regulation S under the Securities Act provides that securities owned by any person may be sold without registration in the United States, provided that the sale is effected in an "offshore transaction" and no "directed selling efforts" are made in the United States (as these terms are defined in Regulation S) and subject to certain other conditions. In general, this means that our shares of common stock may be sold in some manner outside the United States without requiring registration in the United States.

**Rule 701**

Rule 701 generally allows a stockholder who purchased shares of our capital stock pursuant to a written compensatory plan or contract and who is not deemed to have been an affiliate of our company during the immediately preceding 90 days to sell these shares in reliance upon Rule 144, but without being required to comply with the public information, holding period, volume limitation, or notice provisions of Rule 144. Rule 701 also permits affiliates of our company to sell their Rule 701 shares under Rule 144 without complying with the holding period requirements of Rule 144. However, all holders of Rule 701 shares are required to wait until 90 days after the date of this prospectus before selling such shares pursuant to Rule 701.

**Lock-Up Agreements**

We, our directors and executive officers, and 5% or more holders of common stock or securities exercisable for or convertible into our common stock have agreed that, without the prior written consent of the underwriters, we and they will not, during the period ending 180 days after the date of this prospectus:

● offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of our common stock or any securities convertible into or exercisable or exchangeable for shares of our common stock;

● file any registration statement with the SEC relating to the offering of any shares of our common stock or any securities convertible into or exercisable or exchangeable for our common stock; or

● enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of our common stock;

whether any such transaction described above is to be settled by delivery of shares of our common stock or such other securities, in cash or otherwise. This agreement is subject to certain exceptions as set forth in the section titled "Underwriting."

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**SELLING RESTRICTIONS**

*Other than in the United States, no action has been taken by us or the underwriters that would permit a public offering of the securities offered by this prospectus in any jurisdiction where action for that purpose is required. The securities offered by this prospectus may not be offered or sold, directly or indirectly, nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction. Persons who come into possession of this prospectus are advised to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful.*

 

**Canada**

The securities may be sold only to purchasers purchasing, or deemed to be purchasing, as principal that are accredited investors, as defined in National Instrument 45-106 Prospectus Exemptions or subsection 73.3(1) of the Securities Act (Ontario), and are permitted clients, as defined in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. Any resale of the securities must be made in accordance with an exemption from, or in a transaction not subject to, the prospectus requirements of applicable securities laws.

Securities legislation in certain provinces or territories of Canada may provide a purchaser with remedies for rescission or damages if this prospectus (including any amendment thereto) contains a misrepresentation, provided that the remedies for rescission or damages are exercised by the purchaser within the time limit prescribed by the securities legislation of the purchaser's province or territory. The purchaser should refer to any applicable provisions of the securities legislation of the purchaser's province or territory for particulars of these rights or consult with a legal advisor.

**European Economic Area**

In relation to each member state of the European Economic Area that has implemented the Prospectus Directive (each, a relevant member state), with effect from and including the date on which the Prospectus Directive is implemented in that relevant member state (the relevant implementation date), an offer of shares described in this prospectus may not be made to the public in that relevant member state other than:

● to any legal entity which is a qualified investor as defined in the Prospectus Directive;

● to fewer than 100 or, if the relevant member state has implemented the relevant provision of the 2010 PD Amending Directive, 150 natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive, subject to obtaining the prior consent of the relevant Dealer or Dealers nominated by us for any such offer; or

● in any other circumstances falling within Article 3(2) of the Prospectus Directive, provided that no such offer of shares shall require us or any underwriter to publish a prospectus pursuant to Article 3 of the Prospectus Directive.

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For purposes of this provision, the expression an "offer of securities to the public" in any relevant member state means the communication in any form and by any means of sufficient information on the terms of the offer and the shares to be offered so as to enable an investor to decide to purchase or subscribe for the shares, as the expression may be varied in that member state by any measure implementing the Prospectus Directive in that member state, and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the relevant member state) and includes any relevant implementing measure in the relevant member state. The expression 2010 PD Amending Directive means Directive 2010/73/EU.

The sellers of the shares have not authorized and do not authorize the making of any offer of shares through any financial intermediary on their behalf, other than offers made by the underwriters with a view to the final placement of the shares as contemplated in this prospectus. Accordingly, no purchaser of the shares, other than the underwriters, is authorized to make any further offer of the shares on behalf of the sellers or the underwriters.

**United Kingdom**

This prospectus is only being distributed to, and is only directed at, persons in the United Kingdom that are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive that are also (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (each such person being referred to as a "relevant person"). This prospectus and its contents are confidential and should not be distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other persons in the United Kingdom. Any person in the United Kingdom that is not a relevant person should not act or rely on this document or any of its contents.

**Hong Kong**

Our securities may not be offered or sold by means of any document other than (i) in circumstances which do not constitute an offer to the public within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), (ii) to "professional investors" within the meaning of the Securities and Futures Ordinance (Cap.571, Laws of Hong Kong) and any rules made thereunder or (iii) in other circumstances which do not result in the document being a "prospectus" within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), and no advertisement, invitation or document relating to the securities may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to the securities which are or are intended to be disposed of only to persons outside Hong Kong or only to "professional investors" within the meaning of the Securities and Futures Ordinance (Cap.571, Laws of Hong Kong) and any rules made thereunder.

**People's Republic of China**

This prospectus has not been and will not be circulated or distributed in the People's Republic of China ("PRC"), and our securities may not be offered or sold, and will not be offered or sold to any person for re-offering or resale, directly or indirectly, to any resident of the PRC except pursuant to applicable laws and regulations of the PRC.

**MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS OF OUR COMMON STOCK** 

The following is a summary of the material U.S. federal income tax consequences to certain non-U.S. holders (as defined below) of the ownership and disposition of our common stock but does not purport to be a complete analysis of all the potential tax considerations relating thereto. This summary is based upon the provisions of the Code, the Treasury regulations promulgated thereunder, administrative rulings and judicial decisions, all as of the date hereof. We have not sought any ruling from the Internal Revenue Service (IRS) with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS will agree with such statements and conclusions. These authorities may be changed, possibly retroactively, so as to result in U.S. federal income tax consequences different from those set forth below.

This summary does not address the tax considerations arising under the laws of any state, local or non-U.S. jurisdiction, or under U.S. federal gift and estate tax laws, except to the limited extent set forth below. In addition, this discussion does not address tax considerations applicable to a non-U.S. holder's particular circumstances or non-U.S. holders that may be subject to special tax rules, including, without limitation:

● banks, insurance companies or other financial institutions (except to the extent specifically set forth below), regulated investment companies or real estate investment trusts;

● persons subject to the alternative minimum tax or Medicare contribution tax on net investment income;

● tax-exempt organizations or governmental organizations;

● pension plans or tax-exempt retirement plans;

● controlled foreign corporations, passive foreign investment companies and corporations that accumulate earnings to avoid U.S. federal income tax;

● brokers or dealers in securities or currencies;

● traders in securities or other persons that elect to use a mark-to-market method of accounting for their holdings in our stock;

● persons that own, or are deemed to own, more than five percent of our capital stock (except to the extent specifically set forth below);

● certain former citizens or long-term residents of the U.S.;

● partnerships or entities classified as partnerships for U.S. federal income tax purposes or other pass-through entities (and investors therein);

● persons who hold our common stock as a position in a hedging transaction, "straddle," "conversion transaction" or other risk reduction transaction or integrated investment;

● persons who hold or receive our common stock pursuant to the exercise of any employee stock option or otherwise as compensation;

● persons subject to special tax accounting rules as a result of any item of gross income with respect to our common stock being taken into account in an "applicable financial statement" (as defined in Section 451(b) of the Code);

● persons who do not hold our common stock as a capital asset within the meaning of Section 1221 of the Code; or

● persons deemed to sell our common stock under the constructive sale provisions of the Code.

In addition, if a partnership (or entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds our common stock, the tax treatment of a partner in such partnership generally will depend on the status of the partner and upon the activities of the partnership. Accordingly, partnerships that hold our common stock, and partners in such partnerships, should consult their tax advisors.

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**This discussion is for informational purposes only and is not tax advice. You are urged to consult your tax advisor with respect to the application of the U.S. federal income tax laws to your particular situation, as well as any tax consequences of the purchase, ownership and disposition of our common stock arising under the U.S. federal gift or estate tax laws or under the laws of any U.S. state or local, non-U.S. or other taxing jurisdiction or under any applicable tax treaty.** 

**Non-U.S. Holder Defined** 

For purposes of this discussion, you are a non-U.S. holder if you are any holder that is not a partnership (or entity or arrangement treated as a partnership for U.S. federal income tax purposes) and are not, for U.S. federal income tax purposes, any of the following:

● an individual who is a citizen or resident of the U.S.;

● a corporation (or any other entity treated as a corporation for U.S. federal income tax purposes) created or organized in the U.S. or under the laws of the U.S., any state thereof or the District of Columbia;

● an estate whose income is subject to U.S. federal income tax regardless of its source; or

● a trust (x) whose administration is subject to the primary supervision of a U.S. court and which has one or more "United States persons" (within the meaning of Section 7701(a)(30) of the Code), or U.S. persons, who have the authority to control all substantial decisions of the trust or (y) which has made a valid election to be treated as a U.S. person.

**Distributions** 

As described in the section titled "Dividend Policy," we have never declared or paid cash dividends on our capital stock and do not anticipate paying any dividends on our capital stock in the foreseeable future. However, if we do make distributions on our common stock, those payments will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated earnings and profits, as determined under U.S. federal income tax principles. To the extent those distributions exceed both our current and our accumulated earnings and profits, they will constitute a return of capital and will first reduce your basis in our common stock, but not below zero, and then will be treated as gain from the sale or other disposition of stock.

Except as otherwise described below in the section on effectively connected income and the sections titled "—Backup Withholding and Information Reporting", any dividend paid to you generally will be subject to U.S. withholding tax either at a rate of 30% of the gross amount of the dividend or such lower rate as may be specified by an applicable income tax treaty between the U.S. and your country of residence. If we or another withholding agent withhold excess tax or if a non-U.S. holder does not timely provide the applicable withholding agent with the required certification, the non-U.S. holder may be entitled to a refund or credit of any excess tax withheld by timely filing an appropriate claim with the Internal Revenue Service, or the IRS.

In order to receive a reduced treaty rate, you must provide the applicable withholding agent with an IRS Form W-8BEN, IRS Form W-8BEN-E or other appropriate version of IRS Form W-8, including any required attachments and your taxpayer identification number, certifying qualification for the reduced rate; additionally you will be required to update such forms and certifications from time to time as required by law. If you are eligible for a reduced rate of U.S. withholding tax pursuant to an income tax treaty, you may obtain a refund of any excess amounts withheld by timely filing an appropriate claim for refund with the IRS. If you hold our stock through a financial institution or other agent acting on your behalf, you will be required to provide appropriate documentation to the agent. You should consult your tax advisor regarding entitlement to benefits under any applicable income tax treaties.

Dividends received by you that are effectively connected with your conduct of a U.S. trade or business (and, if required by an applicable income tax treaty, attributable to a permanent establishment or fixed base maintained by you in the U.S.) are generally exempt from such withholding tax, subject to the discussions below on backup withholding. In order to obtain this exemption, you must provide the applicable withholding agent with an IRS Form W-8ECI or other applicable IRS Form W-8, including any required attachments and your taxpayer identification number, certifying qualification for the reduced rate; additionally you will be required to update such forms and certifications from time to time as required by law. Such effectively connected dividends, although not subject to U.S. federal withholding tax, are includable on your U.S. federal income tax return and taxed to you at the same graduated rates applicable to U.S. persons, net of certain deductions and credits. If you are a corporate non-U.S. holder, dividends you receive that are effectively connected with your conduct of a U.S. trade or business may also be subject to a branch profits tax at a rate of 30% or such lower rate as may be specified by an applicable income tax treaty between the U.S. and your country of residence. You should consult your tax advisor regarding any applicable tax treaties that may provide for different rules.

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**Gain on Disposition of Our Common Stock** 

Except as otherwise described below in the sections titled "—Backup Withholding and Information Reporting," you generally will not be subject to U.S. federal income tax on any gain realized upon the sale or other disposition of our common stock unless:

● the gain is effectively connected with your conduct of a U.S. trade or business (and, if required by an applicable income tax treaty, the gain is attributable to a permanent establishment or fixed base maintained by you in the U.S.);

● you are a non-resident alien individual who is present in the U.S. for a period or periods aggregating 183 days or more during the calendar year in which the sale or other disposition occurs and other conditions are met; or

● our common stock constitutes a "United States real property interest" by reason of our status as a "United States real property holding corporation," or USRPHC, for U.S. federal income tax purposes at any time within the shorter of the five-year period preceding your disposition of, or your holding period for, our common stock, and, in the case where shares of our common stock are regularly traded on an established securities market, you own, or are treated as owning, more than 5% of our common stock at any time during the foregoing period.

Generally, a corporation is a USRPHC if the fair market value of its U.S. real property interests equals or exceeds 50% of the sum of the fair market value of its worldwide property interests and its other assets used or held for use in a trade or business (all as determined for U.S. federal income tax purposes). We believe that we are not currently and will not become a USRPHC for U.S. federal income tax purposes, and the remainder of this discussion so assumes. However, because the determination of whether we are a USRPHC depends on the fair market value of our U.S. real property interests relative to the fair market value of our other business assets, there can be no assurance that we will not become a USRPHC in the future. Even if we become a USRPHC, however, as long as our common stock is regularly traded on an established securities market, such common stock will be treated as U.S. real property interests only if you actually or constructively hold more than five percent of such regularly traded common stock at any time during the shorter of the five-year period preceding your disposition of, or your holding period for, our common stock.

If you are a non-U.S. holder described in the first bullet above, you will generally be required to pay tax on the net gain derived from the sale under regular graduated U.S. federal income tax rates (and a corporate non-U.S. holder described in the first bullet above also may be subject to the branch profits tax at a 30% rate), unless otherwise provided by an applicable income tax treaty between the U.S. and your country of residence. If you are a non-U.S. holder described in the second bullet above, you will generally be required to pay a 30% tax (or such lower rate specified by an applicable income tax treaty between the U.S. and your country of residence) on the gain derived from the sale or other disposition of our stock, which gain may be offset by certain U.S. source capital losses (provided you have timely filed U.S. federal income tax returns with respect to such losses). You should consult your tax advisor regarding any applicable income tax or other treaties that may provide for different rules.

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**Backup Withholding and Information Reporting** 

Generally, the amount of dividends paid to you, your name and address and the amount of tax withheld, if any, must reported annually to the IRS. A similar report will be sent to you. Pursuant to applicable income tax treaties or other agreements, the IRS may make these reports available to tax authorities in your country of residence.

Payments of dividends or of proceeds on the sale or other disposition of stock made to you may be subject to information reporting and backup withholding at a current rate of 24% unless you establish an exemption, for example, by properly certifying your non-U.S. status on an IRS Form W-8BEN, IRS Form W-8BEN-E or another appropriate version of IRS Form W-8. Any documentation provided to an applicable withholding agent may need to be updated in certain circumstances.

Information reporting and backup withholding generally will apply to the proceeds of a sale or other disposition of our common stock by a non-U.S. holder effected by or through the U.S. office of any broker, U.S. or foreign, unless the holder certifies its status as a non-U.S. holder and satisfies certain other requirements, or otherwise establishes an exemption. Generally, information reporting and backup withholding will not apply to a payment of the proceeds from a sale or other disposition of our stock to a non-U.S. holder where the transaction is effected outside the U.S. through a foreign broker. However, for information reporting purposes, sales or other dispositions effected through a non-U.S. office of a broker with substantial U.S. ownership or operations generally will be treated in a manner similar to sales or other dispositions effected through a U.S. office of a broker. Notwithstanding the foregoing, backup withholding and information reporting may apply if the applicable withholding agent has actual knowledge, or reason to know, that you are a U.S. person. Non-U.S. holders should consult their own tax advisors regarding the application of the information reporting and backup withholding rules to them.

Backup withholding is not an additional tax; rather, the U.S. federal income tax liability of persons subject to backup withholding will be reduced by the amount of tax withheld. If withholding results in an overpayment of taxes, a refund or credit may generally be obtained from the IRS, provided that the required information is furnished to the IRS in a timely manner.

**FATCA** 

Sections 1471 through 1474 of the Code, and the Treasury regulations and administrative guidance issued thereunder, or collectively, FATCA, generally impose U.S. federal withholding tax at a rate of 30% on dividends on and the gross proceeds from a sale or other disposition of our common stock if paid to a "foreign financial institution" (as defined in the Code), unless otherwise provided by the Treasury Secretary or such institution enters into an agreement with the U.S. government to withhold on certain payments and to collect and provide to the U.S. tax authorities substantial information regarding the U.S. account holders of such institution (which includes certain equity and debt holders of such institution, as well as certain account holders that are non-U.S. entities with U.S. owners) or otherwise establishes an exemption. FATCA also generally imposes a U.S. federal withholding tax of 30% on dividends paid on and the gross proceeds from a sale or other disposition of our common stock if paid to a "non-financial foreign entity" (as defined in the Code) unless otherwise provided by the Treasury Secretary or such entity provides the withholding agent with a certification identifying, and information with respect to, certain direct and indirect "substantial U.S. owners" (as defined in the Code), or substantial U.S. owners, of the entity, certifies that it does not have any such substantial U.S. owners or otherwise establishes and certifies to an exemption. The withholding provisions under FATCA generally apply to dividends on our common stock. The Treasury Secretary has issued proposed regulations providing that the withholding provisions under FATCA do not apply with respect to the gross proceeds from a sale or other disposition of our common stock, which may be relied upon by taxpayers until final regulations are issued. An intergovernmental agreement between the U.S. and your country of tax residence may modify the requirements described in this paragraph. Non-U.S. holders should consult their own tax advisors regarding the possible implications of FATCA on their investment in our common stock.

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**Each prospective investor should consult its own tax advisor regarding the particular U.S. federal, state and local and non-U.S. tax consequences of purchasing, holding and disposing of our common stock, including the consequences of any proposed change in applicable laws.** 

**UNDERWRITING**

Revere Securities, LLC ("Revere," or the "Representative"), is acting as the representative of the underwriters of the offering. We have entered into an underwriting agreement dated [\*] with the Representative. Subject to the terms and conditions of the underwriting agreement, we have agreed to sell to the underwriters named below, and the underwriters agreed, severally and not jointly, to purchase, at the public offering price less the underwriting discounts set forth on the cover page of this prospectus, the number of common stock listed next to its name in the following table.

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| | |
|:---|:---|
| **Underwriter** | **Number of<br> Shares of Common Stock** |
| Revere Securities, LLC | 3750000  |
| Total | 3750000  |

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The underwriters have committed to purchase all the shares of common stock offered by us, other than those covered by the over-allotment option to purchase additional shares of common stock described below, if they purchase any shares of common stock. The obligations of the underwriters may be terminated upon the occurrence of certain events specified in the underwriting agreement. Furthermore, pursuant to the underwriting agreement, the underwriters' obligations are subject to customary conditions, representations and warranties contained in the underwriting agreement, such as receipt by the underwriters of officers' certificates and legal opinions.

The underwriters are offering the shares of common stock subject to prior sale, when, as and if issued to and accepted by them, subject to approval of legal matters by their counsel and other conditions specified in the underwriting agreement. The underwriters reserve the right to withdraw, cancel or modify offers to the public and to reject orders in whole or in part.

We have agreed to indemnify Revere, its affiliates and each person controlling Revere against any losses, claims, damages, judgments, assessments, costs, and other liabilities, as the same are incurred (including the reasonable fees and expenses of counsel), relating to or arising out of the offering, undertaken in good faith.

**Option to Purchase Additional Shares of Common Stock**

We have granted an option to the underwriters, exercisable for 45 days after the date of this prospectus, to purchase up to an additional 562,500 shares of common stock (15% of the shares of common stock sold in the offering) at the public offering price, less the underwriting discount. The underwriters may exercise this option in whole or in part at any time within 45 days after the date of the offering. The purchase price to be paid per additional share will be equal to the public offering price of one share of common stock less the underwriting discount. If this option is exercised in full to purchase shares of common stock, the total price to the public will be $4.00 and the total net proceeds related to these additional shares, before expenses, to us will be $2.3 million.

**Discounts, Commissions and Reimbursement**

The following table shows the public offering price, underwriting discounts and commissions, and proceeds, before expenses, to us. The information assumes either no exercise or full exercise by the underwriters of the over-allotment option.

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| | | | |
|:---|:---|:---|:---|
|  |<br>**Per Share** | **Total with No**<br>**Over-Allotment** | **Total with**<br>**Over-Allotment** |
| Public offering price | $4.00 | $15000000 | $17250000 |
| Underwriting discounts and commissions (7.5%): | $— | $— | $— |
| Proceeds, before other expenses, to us | $— | $— | $— |

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The Representative proposes to offer the shares of common stock to the public at the public offering price set forth on the cover of this prospectus. In addition, the Representative may offer some of the shares of common stock to other securities dealers at such price less a concession not in excess of $[___] per share of common stock. If all of the shares of common stock are not sold at the public offering price, the Representative may change the offering price and other selling terms by means of a supplement to this prospectus.

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We have agreed to pay a non-accountable expense allowance to the Representative equal to 1% of the gross proceeds received in this offering.

In addition, we have also agreed to pay all expenses, fees, disbursements in connection with the offering, including, without limitation, the Company's legal and accounting fees and disbursements; the costs of preparing, printing, mailing and delivering the Registration Statement, the preliminary and final prospectus contained therein and amendments thereto, post-effective amendments and supplements thereto, any other Offering Materials (as defined in the Engagement Letter), the Underwriting Agreement and related documents (all in such quantities as Revere may reasonably require); preparing and printing stock certificates and warrant certificates; the costs of any due diligence meetings; filing fees (including SEC filing fees), costs and expenses (including third party expenses and disbursements) incurred in registering the Offering, FINRA filing fees; costs and expenses of qualifying the offering under the "blue sky" laws of the states specified by Revere; preparation of leather bound volumes and Lucite cube mementos in such quantities as Revere may reasonably request in connection with an underwritten offering; transfer taxes; and transfer and warrant agent and registrar fees, but excluding those costs and expenses that FINRA regulations require to be borne by a selling agent, placement agent or underwriter.

For the sake of clarity, it is understood and agreed that the Company shall be responsible for the Representative's legal fees and expenses irrespective of whether the Offering is consummated or not. The maximum amount of legal fees, costs and expenses incurred by the Representative that the Company shall be responsible for shall not exceed $140,000. The Representative may deduct from the net proceeds of the Offering payable to the Company on the Closing, the expenses set forth herein to be paid by the Company to the Representative.

Additionally, the Company has agreed to pay advisory fees in connection with the offering in the amount of $50,000 upon successful closing of the offering.

We estimate that the total expenses of the offering payable by us, excluding the discount and non-accountable expense allowance, will be approximately $[____].

**Discretionary Accounts**

The underwriter does not intend to confirm sales of the securities offered hereby to any accounts over which they have discretionary authority.

**Lock-Up Agreements**

Pursuant to "lock-up" agreements, our executive officers and directors and holders of 5% or more our outstanding common stock, have agreed, subject to limited exceptions, without the prior written consent of Revere, not to directly or indirectly offer to sell, sell, pledge or otherwise transfer or dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the transfer or disposition by any person at any time in the future of) any of shares of our common stock, enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks of ownership of shares of our common stock, make any demand for or exercise any right or cause to be filed a registration statement, including any amendments thereto, with respect to the registration of any shares of common stock or securities convertible into or exercisable or exchangeable for common stock or any of our other securities or publicly disclose the intention to do any of the foregoing, for a period of 180 days from the date of this prospectus.

**Representative** **Warrants**

The Company has agreed to issue to the Representative or its designees warrants to purchase up to a total of 5% of the shares of common stock sold in this offering, including the exercise of the over-allotment option, if any. Such warrants and underlying shares of common stock are included in this prospectus. The warrants are exercisable at $5.00 per share (125% of the public offering price per share of Common Stock) commencing on a date which is six (6) months from the effective date of the offering under this prospectus and expiring five (5) years from the commencement of sales of the offering in compliance with FINRA Rule 5110. The warrants have been deemed compensation by FINRA and are therefore subject to a 6-month lock-up pursuant to Rule 5110 of FINRA. The underwriters (or their permitted assignees under the Rule) will not sell, transfer, assign, pledge, or hypothecate these warrants or the securities underlying these warrants, nor will it engage in any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the warrants or the underlying securities for a period of 180 days from effectiveness. The warrants may be exercised as to all, or a lesser number of shares of common stock and will provide for cashless exercise in the event there is not an effective registration statement for the underlying shares. Such warrants will provide for registration rights upon request, in certain cases. The sole demand registration right provided will not be greater than five years from the commencement of sales of the public offering in compliance with FINRA Rule 5110(g)(8)(C). The warrants shall be exercisable on a cash basis, provided that if a registration statement registering the common stock underlying the warrants is not effective, the warrants may be exercised on a cashless basis. The piggyback registration rights provided will not be greater than seven years from the commencement of sales of the public offering in compliance with FINRA Rule 5110(g)(8)(D). The warrants will have anti-dilution terms that are consistent with FINRA Rule 5110(g)(8)(E) and (F). The Company will bear all fees and expenses attendant to registering the securities issuable on exercise of the warrants other than underwriting commissions incurred and payable by the holders. The exercise price and number of shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary cash dividend or the Company's recapitalization, reorganization, merger or consolidation. However, the warrant exercise price or underlying shares will not be adjusted for issuances of shares of common stock at a price below the warrant exercise price.

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**Right of First Refusal**

If, for the period beginning on the closing date of the offering and ending twelve (12) months after the commencement of sales of the Offering (the "ROFR Period"); provided, the underwriter (or any affiliate designated by the underwriter) shall have the right to act as sole book-runner, sole manager, sole placement agent or sole agent with respect to such financing or refinancing; or (b) decides to raise funds by means of a public offering or a private placement or any other capital raising financing of equity, equity-linked or debt securities, the underwriter (or any affiliate designated by the Representative) shall have the right to act as sole book-running manager, sole underwriter or sole placement agent for such financing. If the underwriter or one of its affiliates decides to accept any such engagement, the agreement governing such engagement will contain, among other things, provisions for customary fees for transactions of similar size and nature.

For the sake of clarity, the Company and the Representative agree that both parties shall act in good faith pursuant to the engagement letter, dated August 18, 2025 (the "Engagement Letter"). For the avoidance of doubt, the failure to grant any concession, waiver or other request from the Company shall not be evidence of bad faith or breach. Notwithstanding the foregoing, the decision to accept the Company's engagement pursuant to this Right of First Refusal as to any proposed transaction shall be contingent upon (i) the Representative or one of its affiliates providing a written notice to the Company, within ten (10) calendar days after the receipt of the Company's notification of its financing needs, which Company notification must be provided in writing with delivery confirmation and include details regarding the size and all material terms of the proposed transaction, including a written term sheet for the proposed transaction which shall include, without limitation, all commissions and other fees payable to the Representative and thereafter and (ii) the Representative proceeding to work promptly and in good faith toward completion of such financing. If the Representative fails to accept such engagement within ten (10) calendar days after receipt of a written notice from the Company in compliance with the prior sentence, the Representative shall have been deemed to have waived its right of first refusal as to the specific proposed transaction. Any waiver by the Representative of this right of first refusal shall be limited to the specific transaction terms proposed by the Company; the waiver will not be effective as to any transaction that differs from the terms delivered to the Representative in writing.

 **Tail Financing**

Revere shall be entitled to the underwriter discount of 7.5% and the advisory fee, calculated in the manner set forth above, with respect to any public or private offering or other financing or capital raising transaction of any kind ("Tail Financing") to the extent that such financing or capital is provided to the Company by investors whom Revere had contacted during the 12-month exclusive engagement of Revere (the "Term") or introduced to the Company during the Term, if such Tail Financing is consummated at any time within the 12-month period following the expiration or termination of the Engagement Letter. Upon the request of the Company, Revere shall provide the Company with a written list of those investors whom Revere had contacted during the Term or introduced to the Company during the Term.

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**Nasdaq** **Listing**

We plan to quote our shares of common stock on the Nasdaq Capital Market under the symbol "GVSE."

Before this offering, there has been no public market for our shares of common stock. The initial public offering price will be determined through negotiations between us and the underwriter. In addition to prevailing market conditions, the factors to be considered in determining the initial public offering price are

● the valuation multiples of publicly traded companies that the underwriter believes to be comparable to us,

● our financial information,

● the history of, and the prospects for, our company and the industry in which we compete,

● an assessment of our management, its past and present operations, and the prospects for, and timing of, our future revenues,

● the present state of our development, and

● the above factors in relation to market values and various valuation measures of other companies engaged in activities similar to ours.

An active trading market for our shares of common stocks may not develop. It is also possible that after the offering our shares of common stock shares will not trade in the public market at or above the initial public offering price.

**Electronic Offer, Sale and Distribution of Securities**

A prospectus in electronic format may be made available on the websites maintained by the underwriter or selling group members. The underwriter may agree to allocate a number of securities to selling group members for sale to its online brokerage account holders. Internet distributions will be allocated by the underwriter and selling group members that will make internet distributions on the same basis as other allocations. Other than the prospectus in electronic format, the information on these websites is not part of, nor incorporated by reference into, this prospectus or the registration statement of which this prospectus forms a part, has not been approved or endorsed by us, and should not be relied upon by investors.

**Stabilization**

Stabilizing transactions permit bids to purchase shares so long as the stabilizing bids do not exceed a specified maximum, and are engaged in for the purpose of preventing or retarding a decline in the market price of the shares while the offering is in progress.

Over-allotment transactions involve sales by the underwriter of shares in excess of the number of shares the underwriter is obligated to purchase. This creates a syndicate short position which may be either a covered short position or a naked short position. In a covered short position, the number of shares over-allotted by the underwriters is not greater than the number of shares that they may purchase in the over-allotment option. In a naked short position, the number of shares involved is greater than the number of shares in the over-allotment option. The underwriter may close out any short position by exercising their over-allotment option and/or purchasing shares in the open market.

Syndicate covering transactions involve purchases of shares in the open market after the distribution has been completed in order to cover syndicate short positions. In determining the source of shares to close out the short position, the underwriters will consider, among other things, the price of shares available for purchase in the open market as compared with the price at which they may purchase shares through exercise of the over-allotment option. If the underwriters sell more shares than could be covered by exercise of the over-allotment option and, therefore, have a naked short position, the position can be closed out only by buying shares in the open market. A naked short position is more likely to be created if the underwriters are concerned that after pricing there could be downward pressure on the price of the shares in the open market that could adversely affect investors who purchase in the offering.

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Penalty bids permit the representative to reclaim a selling concession from a syndicate member when the shares originally sold by that syndicate member are purchased in stabilizing or syndicate covering transactions to cover syndicate short positions.

These stabilizing transactions, syndicate covering transactions and penalty bids may have the effect of raising or maintaining the market price of our shares of common stock or preventing or retarding a decline in the market price of our shares of common stock. As a result, the price of our common stock in the open market may be higher than it would otherwise be in the absence of these transactions. Neither we nor the underwriters make any representation or prediction as to the effect that the transactions described above may have on the price of our common stock. These transactions may be effected in the over-the-counter market or otherwise and, if commenced, may be discontinued at any time.

**Passive market making**

In connection with this offering, the underwriter and selling group members may engage in passive market making transactions in our common stock on Nasdaq in accordance with Rule 103 of Regulation M under the Exchange Act, during a period before the commencement of offers or sales of the shares and extending through the completion of the distribution. A passive market maker must display its bid at a price not in excess of the highest independent bid of that security. However, if all independent bids are lowered below the passive market maker's bid, then that bid must then be lowered when specified purchase limits are exceeded.

**Other Relationships**

The underwriters and their respective affiliates are full service financial institutions engaged in various activities, which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non-financial activities and services. Certain of the underwriters and their respective affiliates have provided, and may in the future provide, a variety of these services to us and to persons and entities with relationships with us, for which they received or will receive customary fees and expenses.

**Offer restrictions outside the United States**

Other than in the United States, no action has been taken by us or the underwriter that would permit a public offering of the securities offered by this prospectus in any jurisdiction where action for that purpose is required. The securities offered by this prospectus may not be offered or sold, directly or indirectly, nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and regulations of that jurisdiction. Persons into whose possession this prospectus comes are advised to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful.

**LEGAL MATTERS** 

The validity of the issuance of securities offered by this prospectus has been passed upon for us by Lucosky Brookman LLP, Iselin, New Jersey. Sichenzia Ross Ference Carmel LLP, New York, NY, is acting as counsel to the underwriters.

**EXPERTS** 

The audited consolidated financial statements of the Company as of and for the fiscal years ended December 31, 2024 and December 31, 2023, included in this prospectus have been so included in reliance upon the report of M&K CPAs, PLLC, independent registered public accountants with registration #PCAOB ID: 2738 with the PCAOB Board, upon the authority of said firm as experts in accounting and auditing and with the authority to audit, bestowed upon them by the PCAOB Board.

**WHERE YOU CAN FIND ADDITIONAL INFORMATION** 

We have filed with the SEC a registration statement on Form S-1 under the Securities Act for the shares of common stock being offered by this prospectus. This prospectus, which is part of the registration statement, does not contain all of the information included in the registration statement and the exhibits. For further information about us and the common stock offered by this prospectus, you should refer to the registration statement and its exhibits. References in this prospectus to any of our contracts or other documents are not necessarily complete, and you should refer to the exhibits attached to the registration statement for copies of the actual contract or document. You may read and copy any document that we file at the SEC's public reference room located at 100 F Street, NE, Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. SEC filings are also available to the public at the SEC's website at *www.sec.gov*.

We will be subject to the reporting and information requirements of the Exchange Act and, as a result, will file periodic and current reports, proxy statements and other information with the SEC. We expect to make our periodic reports and other information filed with or furnished to the SEC, available, free of charge, through our website as soon as reasonably practicable after those reports and other information are filed with or furnished to the SEC. Additionally, these periodic reports, proxy statements and other information will be available for inspection and copying at the public reference room and website of the SEC referred to above.

Our website address is <u>www.gameverseinteractive.com</u>. The information on or accessible through our website is not part of this prospectus.

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**INDEX TO FINANCIAL STATEMENTS**

---

| | |
|:---|:---|
| [Report of Independent Registered Public Accounting Firm](#a_001) (PCAOB ID: 2738) | F-2 |
| Financial Statements: |  |
| [Balance Sheets as of December 31, 2024 and 2023](#a_002) | F-4 |
| [Statements of Income for the years ended December 31, 2024 and 2023](#a_003) | F-5 |
| [Statements of Changes in Shareholder's Equity (Deficit) for the years ended December 31, 2024 and 2023](#a_004) | F-6 |
| [Statements of Cash Flows for the years ended December 31, 2024 and 2023](#a_005) | F-7 |
| [Notes to the Financial Statements](#a_006) | F-8 |

---

---

| | |
|:---|:---|
| Financial Statements: |  |
| [Balance Sheets - As of September 30, 2025 (unaudited) and December 31, 2024 (audited)](#px_01) | F-14 |
| [Statements of Income - Nine months ended September 30, 2025 and 2024 (unaudited)](#px_02) | F-15 |
| [Statements of Changes in Shareholder's Equity (Deficit) - Nine months ended September 30, 2025 and 2024 (unaudited)](#px_03) | F-16 |
| [Statements of Cash Flows - Nine months ended September 30, 2025 and 2024 (unaudited)](#px_04) | F-17 |
| [Notes to Financial Statements](#px_05) | F-18 |

---

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and

Stockholders of Gameverse Interactive Corp

**Opinion on the Financial Statements**

We have audited the accompanying balance sheets of Gameverse Interactive Corp (the Company) as of December 31, 2024 and 2023, and the related statements of income, changes in shareholders' equity (deficit), and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

**Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company may not have sufficient liquidity to finance its operation internally, which raises substantial doubt about its ability to continue as a going concern company. Management's plans regarding those matters are discussed in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

[**Table of Contents**](#lpa_002)

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and the significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe our audits provide a reasonable basis for our opinion.

**Critical Audit Matter**

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matter does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.

**Going Concern**

As discussed in Note 1 to the financial statements, the Company had a going concern due to a working capital deficiency and negative cash flows from operations. Auditing management's evaluation of a going concern can be a significant judgement given the fact that the Company uses manage estimates on future revenues and expenses, which are not able to be substantiated.

To evaluate the appropriateness of the going concern, we examined and evaluated the financial information that was the initial cause along with management's plans to mitigate the going concern and management's disclosure of going concern.

/s/ M&K CPAS, PLLC

We have served as the Company's auditor since 2024

The Woodlands, TX

March 17, 2025

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**Gameverse Interactive Corp**

**Balance Sheets**

**December 31, 2024 and 2023**

---

| | | |
|:---|:---|:---|
|  | **2024** | **2023** |
| **<u>Assets</u>** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $993333 | $343086 |
| &nbsp;&nbsp;&nbsp;Prepaid Expenses | - | 37637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 993333 | 380723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and Equipment, Net | 3390 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $996723 | $380723 |
| **<u>Liabilities and Shareholders' Equity</u>** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and Accrued Expenses | $330409 | $317147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 330409 | 317147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Liabilities | 330409 | 317147 |
| Commitments and contingencies |  |  |
| Shareholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, .001 par value, 190,000,000 shares authorized; 11,478,000 and 10,966,000 shares issued and outstanding, respectively | 11478 | 10966 |
| &nbsp;&nbsp;&nbsp;Preferred stock, .001 par value, 10,000,000 shares authorized; 0 and 0 shares issued and outstanding, respectively |  |  |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 3154622 | 2131134 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (2499786) | (2078524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | 666314 | 63576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $996723 | $380723 |

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**Gameverse Interactive Corp**

**Statements of Income**

**For the years ended December 31, 2024 and 2023**

---

| | | |
|:---|:---|:---|
|  | **2024** | **2023** |
| Revenue | $- | $- |
| Gross profit | - | - |
| Operating expenses | 421262 | 2016070 |
| Net Loss | $(421262) | $(2016070) |
| Weighted Average Shares Outstanding | 11082079 | 10029921 |
| Basic/Diluted Loss Per Share | (0.04) | (0.20) |

---

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**Gameverse Interactive Corp**

**Statements of Changes in Shareholders' Equity (Deficit)**

**For the years ended December 31, 2024 and 2023**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | | |
|  | **Shares** | **Par Value** | **Additional**<br>**Paid-In**<br>**Capital** |<br>**Stock**<br>**Receivable** |<br>**Accumulated**<br>**Deficit** |<br>**Total** |
| Balance, December 31, 2022 | **9900000** | **9900** | **-** | **(9900)** | $**(62454)** | $**(62454)** |
| &nbsp;&nbsp;&nbsp;Stock Issuance | 1066000 | 1066 | 2131134 | 9900 |  | 2142100 |
| &nbsp;&nbsp;&nbsp;Net loss | - | - | - | - | (2016070) | (2016070) |
| Balance, December 31, 2023 | **10966000** | **10966** | **2131134** | **-** | $**(2078524)** | $**63576** |
| &nbsp;&nbsp;&nbsp;Stock Issuance | 512000 | 512 | 1023488 |  |  | 1024000 |
| &nbsp;&nbsp;&nbsp;Net loss | - | - | - | - | (421262) | (421262) |
| Balance, December 31, 2024 | **11478000** | **11478** | **3154622** | $**-** | $**(2499786)** | $**666314** |

---

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**Gameverse Interactive Corp**

**Statements of Cash Flows**

**For the years ended December 31, 2024 and 2023**

---

| | | |
|:---|:---|:---|
|  | **2024** | **2023** |
| Cash flows from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(421262) | $(2016070) |
| &nbsp;&nbsp;&nbsp;Stock Based Compensation |  | 1719341 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid Expenses | 37637 | (37638) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation Expense | 848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable and accrued expenses | 13262 | 254693 |
| Net cash used in operating activities | (369515) | (79674) |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for fixed assets | (4238) | - |
| Net cash used in investing activities | (4238) | - |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from the issuance of common stock | 1024000 | 422760 |
| Net cash provided by financing activities | 1024000 | 422760 |
| Net increase in cash | 650247 | 343086 |
| Cash, beginning of year | 343086 | - |
| Cash, end of year | $993333 | $343086 |
| Supplemental Disclosures of Cash Flow Information: |  |  |
| Cash Paid for Income Taxes |  |  |
| Cash paid for Interest |  |  |

---

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**<u>Note 1 – Organization and Line of Business</u>**

Gameverse Interactive Corp ("Gameverse" or the "Company") was incorporated in the State of Nevada on September 13, 2022, and is based in Fort Lauderdale, Florida. The Company is a software and video game development company that specializes in cutting-edge technologies such as virtual reality and artificial intelligence, with a focus on creating immersive and engaging experiences for players and developers of all ages around the world.

***<u>Going Concern</u>***

 ****

The accompanying Financial Statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. Since inception on September 13, 2022, we have reported net losses and negative cash flows from operations. We also expect to incur a net loss and negative cash flows from operations in 2025 as we continue to focus on the build out of our platform, which raises substantial doubt about the Company's ability to continue as a going concern. During the year ended December 31, 2024, the Company raised capital from investors through sales of common stock and plans to raise additional capital during 2025. Based upon the existing cash balance and uncertainty regarding our ability to raise additional capital, management determined that the Company will not have sufficient liquidity to fund its operations for the twelve-month period following the issuance of these financial statements. The accompanying Financial Statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern.

**<u>Note 2 – Summary of Significant Accounting Policies</u>**

This summary of significant accounting policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

***<u>Cash and Cash Equivalents</u>***

The Company's cash is comprised of highly liquid investments with an original maturity of less than three (3) months or less.

***<u>Concentration Risk</u>***

Cash includes amounts deposited in financial institutions in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances in certain bank accounts in excess of FDIC limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.

 ****

***<u>Use of Estimates</u>***

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Certain accounting estimates of the Company require a higher degree of judgement than others in their application. Management evaluates all of its estimates and judgements based on available information and experience; however, actual results could differ from those estimates.

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 ****

***<u>Prepaid Expenses</u>***

The Company records expenditures that have been paid in advance as prepaid expenses. The prepaid expenses are initially recorded as assets because they have future economic benefits and are expensed at the time the benefits are realized. The prepaid expenses balance was $0 and $37,638 at December 31, 2024, and 2023, respectively.

 ****

***<u>Advertising Costs</u>***

The Company expenses the cost of advertising and promotional materials when incurred. The advertising costs were $3,900 and $0 for the years ended December 31, 2024, and 2023.

***<u>Fair Value of Financial Instruments</u>***

Fair Value of Financial Instruments requires disclosure of the fair value information, whether or not to recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2024 and December 31, 2023, the balances reported for cash and accrued expenses approximate the fair value because of their short maturities.

We adopted ASC Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

***<u>Recently Adopted Accounting Pronouncements</u>***

In November 2023, the FASB Issued Accounting Standard Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"). This standard requires disclosure of significant segment expenses, other segment items, and additional information about the chief operating decision maker ("CODM"). This update was effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted, and retrospective application is required. The Company retroactively adopted the required segment disclosures pursuant to ASU 2023-07 for the year ended December 31, 2023. Such adoption did not have an impact on our financial condition, results of operations, or cash flows.

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***<u>Recently Issued Accounting Pronouncements</u>***

In November 2024, the FASB issued Accounting Standard Update No. 2024-03, Income Statement – Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"). This standard requires additional disclosures over certain expenses, including purchases of inventory, employee compensation, depreciation, intangible asset amortization, and other specific expense categories. This standard also requires disclosure of the total amount of selling expenses and the Company's definition of selling expenses. This update is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are evaluating the impact this update will have on our annual disclosures; however, it will not impact our financial condition, results of operations or cash flows.

**<u>Note 3 – Concentrations</u>**

The Company's financial instruments that are exposed to concentrations of credit risk consist primarily of its cash and accounts receivable. The Company maintains its cash balances in bank deposit and money market accounts which, at times, may exceed federally insured limits.

***<u>Cash and Cash Equivalents</u>***

The Company maintains its cash in accounts at financial institutions, which may, at times, exceed federally insured limits. The Company has not experienced any losses on such accounts and does not believe it is exposed to any significant risk with respect to cash. Cash balances exceeding federally insured limits as of December 31, 2024, and 2023 were $743,333 and $93,086, respectively.

**<u>Note 4 – Commitments and Contingencies</u>**

***<u>Litigation</u>***

There was no on-going litigation for the years ended December 31, 2024, and 2023. However, the Company may be party to various claims or actions arising out of the ordinary course of business. While any proceeding or litigation contains an element of uncertainty, management believes no matter exists that would have a material impact on the Company's financial position, liquidity, or results of operations.

**<u>Note 5 – Accrued Expenses</u>**

As of December 31, 2024, and 2023, respectively, the Company had accrued expenses of $330,409 and $317,147. The accrued expenses include payroll costs of engaging programmers utilized in the design and creation of the Company's technology platform, as well as engaging advisors and consultants and other costs associated with readying the Company for its initial public offering.

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**<u>Note 6 – Capital Stock</u>**

At December 31, 2024, and 2023, the Company's authorized common stock consists of 190,000,000 shares of common stock, par value $0.001 per share. The Company is also authorized to issue 10,000,000 shares of preferred stock, par value of $0.001 per share. The rights, preferences, and privileges of the holders of the preferred stock will be determined by the Board of Directors prior to issuance of such shares. As of the date of this report, the Board has not designated any preferred stock.

 ****

***<u>Friends and Family Direct Offering</u>***

During 2024 seven individuals purchased a total of 512,000 shares of common stock for $2 per share. The purchasers of the common stock in 2024 received a total of 512,000 warrants with a $3.00 strike price and a five-year term.

During 2023 six individuals purchased a total of 193,500 shares of common stock for $2 per share. The purchasers of the common stock in 2023 received a total of 193,500 warrants with a $3.00 strike price and a five-year term.

During 2023 seven individuals purchased a total of 872,500 shares of common stock at the par value of $0.01 per share. The Company recorded stock-based compensation expense associated with this sale of common stock totaling $1,719,341, representing the difference between the fair value of the common stock and the price paid.

**<u>Note 7 – Stock Warrants</u>**

Using the Black-Scholes model, the Company estimated that the warrants issued during the years ended December 31, 2024 and 2023 had a weighted-average grant date fair value per warrant of $1.99 and $2.00, respectively, and a total fair value of $1,020,270 and $386,409, respectively. In estimating the fair value of warrants during the years ended December 31, 2024 and 2024, an expected term of 5 years, which is equal to the contractual life of the warrants, and an expected dividend yield of zero was utilized for all warrants. The weighted-average expected volatility was estimated at 263% and 286%, respectively, for warrants granted during the years ended December 31, 2024 and 2023. As the Company was not publicly traded during these periods, the Company estimated volatility by referencing the historical volatility of a sample of micro-cap gaming companies. The Company utilized a weighted-average risk-free interest rate of 4.04% and 4.25%, respectively, for warrants granted during the years ended December 31, 2024 and 2023.

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A summary of warrant activity for the years ended December 31, 2024 and 2023 is as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
|  |<br>Shares |<br>Weighted-Average<br>Exercise Price | Weighted-Average<br>Remaining<br>Contractual Term |<br>Aggregate<br>Intrinsic Value |
| Outstanding at December 31, 2022 |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| Granted | 193500 | 3.00 | 5 |  |
| Exercised |  |  |  |  |
| Forfeited or expired | - | - | - | - |
| Outstanding at December 31, 2023 | 193500 | $3.00 | 4.6 | $- |
| Exercisable at December 31, 2023 | 193500 | $3.00 | 4.6 | $- |
| Granted | 512000 | 3.00 | 5 |  |
| Exercised |  |  |  |  |
| Forfeited or expired | - | - | - | - |
| Outstanding at December 31, 2024 | 705500 | $3.00 | - | $- |
| Exercisable at December 31, 2024 | 705500 | $3.00 | 4.5 | $- |

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**<u>Note 8 – Income Taxes</u>**

The provision for income taxes for the years ended December 31, 2024 and 2023 was as follows, assuming a 21% effective tax rate for each year:

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| | | |
|:---|:---|:---|
|  | As of | As of |
|  | December 31, | December 31, |
|  | 2024 | 2023 |
| Deferred tax provision: |  |  |
| &nbsp;&nbsp;&nbsp;Federal |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax asset | $158688 | $70223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valuation allowance | (158688) | (70223) |
| Total deferred tax provision | $- | $- |

---

As of December 31, 2024, the Company had approximately $.76 million in tax loss carryforwards that can be utilized in future periods to reduce taxable income through 2040. The deferred tax liability balances as of December 31, 2024 and 2023 were zero.

[**Table of Contents**](#lpa_002)

**<u>Note 9 – Reportable Segments</u>**

The Company manages its business activities in a single operating and reportable segment that will leverage the global technology platform currently in development. The chief operating decision maker ("CODM") of the Company is its chief executive officer ("CEO") who assesses performance of our single operating segment and decides how to allocate resources based on net loss that is reported on the statement of income. The CODM considers net loss, exclusive of stock-based compensation expense, in deciding how to allocate financial resources, including to its employees, professional services providers, technology, infrastructure and safety systems. The measure of segment assets is reported on the balance sheet as total assets.

The following represents segment information for the Company's single operating segment for the years ended December 31, 2024 and 2023:

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31, | For the years ended December 31, |
|  | 2024 | 2023 |
| Revenue | $- | $- |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;Employee expense | 268448 | 256940 |
| &nbsp;&nbsp;&nbsp;Professional services expense | 134369 | 2718 |
| &nbsp;&nbsp;&nbsp;Other expense | 18445 | 37071 |
| Segment net loss | 421262 | 296729 |
| Reconciling items |  |  |
| &nbsp;&nbsp;&nbsp;Stock based compensation | - | 1719341 |
| Net loss | $421262 | $2016070 |

---

**<u>Note 10 – Subsequent Event</u>**

In January and February of 2025, the Company issued a total of 162,500 shares of common stock to three individuals for $2 per share. The purchasers of this common stock received a total of 162,500 warrants with a $3.00 strike price and a five-year term.

On January 28, 2025, the Company issued 132,000 shares of common stock to SRM Entertainment in exchange for 500,000 restricted shares of SRM Entertainment common stock valued at an agreed upon price of $.528 per share.

[**Table of Contents**](#lpa_002)

**Gameverse Interactive Corp**

**Balance Sheets**

---

| | | |
|:---|:---|:---|
|  | **September 30, 2025**<br> **(Unaudited)** | **December 31, 2024**<br> **(Audited)** |
|  **<u>Assets</u>** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp; Cash | 702555 | 993333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 702555 | 993333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property and Equipment, Net | 2754 | 3390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 705309 | 996723 |
|  **<u>Liabilities and Shareholders' Equity</u>** |  |  |
| &nbsp;&nbsp;&nbsp; Accounts payable and accrued expenses | 84611 | 330409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 84611 | 330409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities | 84611 | 330409 |
| Commitments and contingencies |  |  |
| Shareholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp; Common stock, .001 par value, 190,000,000 shares authorized; 11,772,500 and 11,478,000 shares issued and outstanding, respectively | 11772 | 11478 |
| &nbsp;&nbsp;&nbsp; Preferred stock, .001 par value, 10,000,000 shares authorized; 51 and 0 shares issued and outstanding, respectively |  |  |
| &nbsp;&nbsp;&nbsp; Additional paid-in capital | 6037828 | 3154622 |
| &nbsp;&nbsp;&nbsp; Accumulated deficit | (5428902) | (2499786) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total shareholders' equity | 620698 | 666314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and shareholders' equity | 705309 | 996723 |

---

[**Table of Contents**](#lpa_002)

**Gameverse Interactive Corp**

**Statements of Income**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **For the nine months ended September 30,** | **For the nine months ended September 30,** | **For the three months ended September 30,** | **For the three months ended September 30,** |
|  | **2025**<br> **(Unaudited)** | **2024**<br> **(Unaudited)** | **2025**<br> **(Unaudited)** | **2024**<br> **(Unaudited)** |
| Revenue |  |  |  |  |
| Gross profit | - | - | - | - |
| Operating expenses | (3823616) | (293541) | (3419139) | (103954) |
| Other Income/(expense) | 894500 | - | (2790000) | - |
| Net Loss | (2929116) | (293541) | (6209139) | (103954) |
| Weighted Average Shares Outstanding | 11736938 | 10992642 | 11772500 | 10996000 |
| Basic/Diluted Loss Per Share | (0.25) | (0.03) | (0.53) | (0.01) |

---

[**Table of Contents**](#lpa_002)

**Gameverse Interactive Corp**

**Statements of Changes in Shareholders' Equity (Deficit)**

**For the nine months ended September 30, 2025 and 2024 (unaudited)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | **Preferred Stock** | **Preferred Stock** | | | |
|  | **Shares** | **Par Value** | **Shares** | **Par Value** | **Additional**<br> **Paid-In**<br> **Capital** |<br> **Accumulated**<br> **Deficit** |<br> **Total** |
| Balance, December 31, 2023 | **10966000** | **10966** | **-** | **-** | **2131134** | $**(2078524)** | $**63576** |
| &nbsp;&nbsp;&nbsp; Stock Issuance for cash | 30000 | 30 |  |  | 59970 |  | 60000 |
| &nbsp;&nbsp;&nbsp; Net loss | - | - | - | - | - | (95458) | (95458) |
| Balance, March 31, 2024 | **10996000** | **10996** | **-** | **-** | **2191104** | $**(2173982)** | $**28118** |
| &nbsp;&nbsp;&nbsp; Net loss | - | - | - | - | - | (94129) | (94129) |
| Balance, June 30, 2024 | **10996000** | **10996** | **-** | **-** | **2191104** | $**(2268111)** | $**(66011)** |
| &nbsp;&nbsp;&nbsp; Net loss | - | - | - | - | - | (103954) | (103954) |
| Balance, September 30, 2024 | **10996000** | **10996** | **-** | **-** | **2191104** | $**(2372065)** | $**(169965)** |
| Balance, December 31, 2024 | **11478000** | **11478** | **-** | **-** | **3154622** | **(2499786)** | **666314** |
| &nbsp;&nbsp;&nbsp; Stock issuance for cash | 162500 | 162 |  |  | 324838 |  | 325000 |
| &nbsp;&nbsp;&nbsp; Stock issuance for securities | 132000 | 132 |  |  | 190368 |  | 190500 |
| &nbsp;&nbsp;&nbsp; Net loss | - | - | - | - | - | (154329) | (154329) |
| Balance, March 31, 2025 | **11772500** | **11772** | **-** | $**-** | **3669828** | $**(2654115)** | $**1027485** |
| &nbsp;&nbsp;&nbsp; Net income | - | - | - | - | - | 3434352 | 3434352 |
| Balance, June 30, 2025 | **11772500** | $**11772** | **-** | $**-** | $**3669828** | $**780237** | $**4461837** |
| &nbsp;&nbsp;&nbsp; Stock based compensation |  |  |  |  | 2368000 |  | 2368000 |
| &nbsp;&nbsp;&nbsp; Issuance of Series A Preferred Stock |  |  | 51 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net loss | - | - | - | - | - | (6209139) | (6209139) |
| Balance, September 30, 2025 | **11772500** | $**11772** | **51** | $**-** | $**6037828** | $**(5428902)** | $**620698** |

---

[**Table of Contents**](#lpa_002)

**Gameverse Interactive Corp**

**Statements of Cash Flows**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Nine months ended September 30,** | **Nine months ended September 30,** |
|  | **2025** | **2024** |
| Cash flows from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp; Net loss | $(2929116) | (293541) |
| &nbsp;&nbsp;&nbsp; Realized gain on equity investment | (894500) |  |
| &nbsp;&nbsp;&nbsp; Transfer of equity investment as compensation | 1085000 |  |
| &nbsp;&nbsp;&nbsp; Stock based compensation expense | 2368000 |  |
| &nbsp;&nbsp;&nbsp; Depreciation Expense | 636 | 636 |
| &nbsp;&nbsp;&nbsp; Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid Expenses |  | 37637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts Payable and accrued expenses | (245798) | (4850) |
| Net cash used in operating activities | (615778) | (260118) |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp; Cash paid for fixed assets | - | (4238) |
| Net cash used in investing activities | - | (4238) |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp; Proceeds from the issuance of common stock | 325000 | 60000 |
| Net cash provided by financing activities | 325000 | 60000 |
| Net decrease in cash | (290778) | (204356) |
| Cash, beginning of year | 993333 | 343086 |
| Cash, end of year | $702555 | 138730 |
| Supplemental Disclosures of Cash Flow Information: |  |  |
| Cash Paid for Income Taxes |  |  |
| Cash paid for Interest |  |  |
| Supplemental Disclosures of Non-Cash Financing Activity: |  |  |
| Issuance of shares in exchange for equity investment | 190500 |  |

---

[**Table of Contents**](#lpa_002)

**<u>Note 1 – Organization and Line of Business</u>**

Gameverse Interactive Corp ("Gameverse" or the "Company") was incorporated in the State of Nevada on September 13, 2022, and is based in Fort Lauderdale, Florida. The Company is a software and video game development company that specializes in cutting-edge technologies such as virtual reality and artificial intelligence, with a focus on creating immersive and engaging experiences for players and developers of all ages around the world.

***<u>Going Concern</u>***

 ****

The accompanying Financial Statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. Since inception on September 13, 2022, we have reported significant net losses and negative cash flows from operations. We also expect to incur a net loss and negative cash flows from operations in 2025 as we continue to focus on the build-out of our platform, which raises substantial doubt about the Company's ability to continue as a going concern. During the year ended December 31, 2024 and during the nine months ended September 30, 2025, the Company raised capital from investors through sales of common stock and plans to raise additional capital during the remainder of 2025. Based upon the existing cash balance and uncertainty regarding our ability to raise additional capital, management determined that the Company will not have sufficient liquidity to fund its operations for the twelve-month period following the issuance of these financial statements. The accompanying Financial Statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern.

**<u>Note 2 – Summary of Significant Accounting Policies</u>**

This summary of significant accounting policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

***<u>Cash and Cash Equivalents</u>***

 ****

The Company's cash is comprised of highly liquid investments with an original maturity of less than three (3) months or less.

***<u>Concentration Risk</u>***

 ****

Cash includes amounts deposited in financial institutions in excess of insurable Federal Deposit Insurance Company (FDIC) limits. At times throughout the year, the Company may maintain cash balances in certain bank accounts in excess of FDIC limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk in these accounts.

***<u>Use of Estimates</u>***

 ****

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Certain accounting estimates of the Company require a higher degree of judgement than others in their application. Management evaluates all of its estimates and judgements based on available information and experience; however, actual results could differ from those estimates.

[**Table of Contents**](#lpa_002)

**<u>Note 2 – Summary of Significant Accounting Policies, continued</u>**

***<u>Advertising Costs</u>***

 ****

The Company expenses the cost of advertising and promotional materials when incurred. Advertising costs were $555 and $0, respectively, for the quarters ended September 30, 2024 and 2025, respectively.

***<u>Fair Value of Financial Instruments</u>***

 ****

Fair Value of Financial Instruments requires disclosure of the fair value information, whether or not to recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2024 and September 30, 2025, the balances reported for cash and accrued expenses approximate the fair value because of their short maturities.

We have adopted ASC Topic 820 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include:

● Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The Company's equity investment in Tron, Inc. as further described in Note 6 was considered a Trading Security and recorded at fair value each period end, with any gains or losses recorded within operating expenses on the Company's statement of income. In determining the fair value of the equity investment, the Company used Level 1 inputs by referencing the public trading price of Tron, Inc. stock, which was $7.75 per share, or $3,875,000 in the aggregate, as of June 30, 2025, compared to the $1,085,000 fair value when transferred to the Company's two founders on September 26, 2025 as compensation for services rendered to the Company through such date. As a result, the Company recorded an unrealized loss of $2,790,000 during the three months ended September 30, 2025 and realized gain of $894,500 during the nine months ended September 30, 2025.

[**Table of Contents**](#lpa_002)

**<u>Note 2 – Summary of Significant Accounting Policies, continued</u>**

***<u>Recently Adopted Accounting Pronouncements</u>***

 ****

In November 2023, the FASB Issued Accounting Standard Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ("ASU 2023-07"). This standard requires disclosure of significant segment expenses, other segment items, and additional information about the chief operating decision maker ("CODM"). This update was effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted, and retrospective application is required. The Company retroactively adopted the required segment disclosures pursuant to ASU 2023-07 for the year ended December 31, 2023. Such adoption did not have an impact on our financial condition, results of operations, or cash flows.

***<u>Recently Issued Accounting Pronouncements</u>***

 ****

In November 2024, the FASB issued Accounting Standard Update No. 2024-03, Income Statement – Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"). This standard requires additional disclosures over certain expenses, including purchases of inventory, employee compensation, depreciation, intangible asset amortization, and other specific expense categories. This standard also requires disclosure of the total amount of selling expenses and the Company's definition of selling expenses. This update is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are evaluating the impact this update will have on our annual disclosures; however, it will not impact our financial condition, results of operations or cash flows.

**<u>Note 3 – Concentrations</u>**

The Company's financial instruments that are exposed to concentrations of credit risk consist primarily of its cash and accounts receivable. The Company maintains its cash balances in bank deposit and money market accounts which, at times, may exceed federally insured limits.

***<u>Cash and Cash Equivalents</u>***

 ****

The Company maintains its cash in accounts at financial institutions, which may, at times, exceed federally insured limits. The Company has not experienced any losses on such accounts and does not believe it is exposed to any significant risk with respect to cash. Cash balances exceeding federally insured limits as of December 31, 2024 and September 30, 2025 of $743,333 and $452,555, respectively.

**<u>Note 4 – Commitments and Contingencies</u>**

***<u>Litigation</u>***

 ****

There was no on-going litigation for the year ended December 31, 2024, and nine-month period ended September 30, 2025. However, the Company may be party to various claims or actions arising out of the ordinary course of business. While any proceeding or litigation contains an element of uncertainty, management believes no matter exists that would have a material impact on the Company's financial position, liquidity, or results of operations.

**<u>Note 5 – Accrued Expenses</u>**

As of December 31, 2024, and September 30, 2025, respectively, the Company had accrued expenses of $330,409 and $84,611. The accrued expenses include payroll costs of engaging programmers utilized in the design and creation of the Company's technology platform, as well as engaging advisors and consultants and other costs associated with readying the Company for its initial public offering.

[**Table of Contents**](#lpa_002)

**<u>Note 6 – Capital Stock</u>**

At December 31, 2024, and September 30, 2025, the Company's authorized common stock consists of 190,000,000 shares of common stock, par value $0.001 per share. The Company is also authorized to issue 10,000,000 shares of preferred stock, par value of $0.001 per share. The rights, preferences, and privileges of the holders of the preferred stock will be determined by the Board of Directors prior to issuance of such shares. On September 24, 2025, the Company's Board of Directors authorized the establishment of a new Series A Preferred Stock and approved the issuance of 51 total shares of Series A Preferred Stock to the Company's two founders. Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the "Numerator"), divided by (y) 0.49, minus (z) the Numerator. With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation's Articles of Incorporation or by-laws. The Company recorded stock based compensation expense of $2,368,000 associated with the Series A Preferred Stock issuance during the three months ended September 30, 2025.

***<u>Friends and Family Direct Offering</u>***

 ****

During the nine months ended September 30, 2025, the Company issued a total of 162,500 shares of common stock to three individuals for $2 per share. The purchasers of this common stock received a total of 162,500 warrants with a $3.00 strike price and a five-year term. During 2024 seven individuals purchased a total of 512,000 shares of common stock for $2 per share. The purchasers of the common stock in 2024 received a total of 512,000 warrants with a $3.00 strike price and a five-year term.

***<u>Shares Issued in Exchange for Equity Investment</u>***

 ****

On January 28, 2025, the Company issued 132,000 shares of common stock to SRM Entertainment in exchange for 500,000 restricted shares of SRM Entertainment common stock. SRM Entertainment received a total of 12,500 warrants with a $3.00 strike price and a five-year term. The Company valued each share of SRM Entertainment common stock received at the publicly traded closing price on January 28, 2025 of $0.381 per share, or $190,500 in the aggregate. Subsequent to the Company's investment, SRM Entertainment changed its name to Tron, Inc.

[**Table of Contents**](#lpa_002)

**<u>Note 7 – Stock Warrants</u>**

A summary of warrant activity for the year ended December 31, 2024 and for the nine months ended September 30, 2025 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |<br>Shares |<br>Weighted-Average<br>Exercise Price | Weighted-Average<br>Remaining<br>Contractual Term |<br>Aggregate<br>Intrinsic Value |
| Outstanding at December 31, 2023 | 193500 | $3.00 | 4.6 | $- |
| Exercisable at December 31, 2023 | 193500 | $3.00 | 4.6 | $- |
| Issued | 512000 | 3.00 | 5 |  |
| Exercised |  |  |  |  |
| Forfeited or expired | - | - | - | - |
| Outstanding at December 31, 2024 | 705500 | $3.00 | 4.5 | $- |
| Exercisable at December 31, 2024 | 705500 | $3.00 | 4.5 | $- |
| Issued | 175000 | 3.00 | 5.0 |  |
| Exercised |  |  |  |  |
| Forfeited or expired | - | - | - | - |
| Outstanding at September 30, 2025 | 880500 | $3.00 | 3.9 | $- |
| Exercisable at September 30, 2025 | 880500 | $3.00 | 3.9 | $- |

---

The following table presents, on a weighted-average basis, the assumptions used in the Black-Scholes option pricing model to determine the grant-date fair value of warrants issued:

---

| | | |
|:---|:---|:---|
|  | Year Ended <br> December 31, 2024  | Nine months ended <br> September 30, 2025  |
| Weighted-average grant date fair value | $1.99 | $1.99 |
| Aggregate fair value | $1020270 | $348402 |
| Risk-free interest rate | 4.04% | 4.24% |
| Expected term (in years) | 5 | 5 |
| Expected volatility | 263% | 256% |

---

As the Company was not publicly traded during these periods, the Company estimated volatility by referencing the historical volatility of a sample of micro-cap gaming companies.

**<u>Note 8 – Income Taxes</u>**

During the nine months ended September 30, 2025 and 2024, the Company did not record income tax benefits for the net operating losses incurred due to the uncertainty of realizing a benefit from these losses.

The Company files income tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal and state jurisdictions, where applicable. As of September 30, 2025, there were no pending tax examinations. The Company is open to future tax examination under statute by the IRS from 2022 to present.

[**Table of Contents**](#lpa_002)

**<u>Note 9 – Reportable Segments</u>**

The Company manages its business activities in a single operating and reportable segment that will leverage the global technology platform currently in development. The chief operating decision maker ("CODM") of the Company is its chief executive officer ("CEO") who assesses performance of our single operating segment and decides how to allocate resources based on net loss that is reported on the statement of income. The CODM considers net loss, exclusive of stock-based compensation expense and investment gains and losses, in deciding how to allocate financial resources, including to its people, professional services providers, technology, infrastructure and safety systems. The measure of segment assets is reported on the balance sheet as total assets.

The following represents segment information for the Company's single operating segment for the three and nine months ended September 30, 2024 and 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the nine months ended <br> September 30,  | For the nine months ended <br> September 30,  | For the three months ended <br> September 30,  | For the three months ended <br> September 30,  |
|  | 2025 | 2024 | 2025 | 2024 |
| Revenue |  |  |  |  |
| Less: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Employee expense | 1213816 | 196886 | 987182 | 62375 |
| &nbsp;&nbsp;&nbsp; Professional services expense | 196500 | 85232 | 58063 | 37569 |
| &nbsp;&nbsp;&nbsp; Other expense | 45300 | 11423 | 5894 | 4010 |
| Segment net loss | (1455616) | (293541) | (1051139) | (103954) |
| Reconciling items |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Stock based compensation | (2368000) |  | (2368000) |  |
| &nbsp;&nbsp;&nbsp; Investment gain/(loss) | 894500 | - | (2790000) | - |
| Net loss | (2929116) | (293541) | (6209139) | (103954) |

---

**<u>Note 10 – Equity Investment</u>**

As described in Note 6, the Company acquired an equity investment of 500,000 common shares in publicly traded Tron Inc. during the three months ended March 31, 2025. The Company transferred the Tron, Inc. shares to the Company's two founders on September 26, 2025 in exchange for compensation due for services rendered to the Company. In determining the fair value of this equity investment, the Company used Level 1 inputs by referencing the public trading price of Tron Inc. stock, which was $7.750 per share, or $3,875,000 in the aggregate, as of June 30, 2025, compared $2.17 per share, or $1,085,000 in the aggregate, as of the disposal date of September 26, 2025, and compared to the $190,500 fair value when acquired. As a result, the Company recorded an unrealized loss of $2,790,000 and a realized gain of $894,500, respectively, during the three and nine months ended September 30, 2025.

The following table summarizes the Company's investment in Tron, Inc:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of Shares <br> acquired on <br> January 28, 2025**  | **Cost Basis** | **Q1 Unrealized Gain** | **Fair Value as of March 31, 2025** | **Q2 Unrealized Gain** | **Fair Value as of <br> June 30, 2025**  | **Q3 Unrealized Loss** | **Fair Value of Shares Disposed on <br> September 26, 2025**  | **Q3/YTD <br> Realized Gain**  |
| 500000 | $190500 | $15000 | $205500 | $3669500 | $3875000 | $(2790000) | $(1085000) | $894500 |

---

**<u>Note 11 – Subsequent Event</u>**

No significant events have occurred subsequent to September 30, 2025, and prior to the issuance of these financial statements.

[**Table of Contents**](#lpa_002)

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS** 

***Item 13. Other Expenses of Issuance and Distribution.***

The following table sets forth all expenses to be paid by us in connection with this registration statement and the listing of our common stock. All amounts shown are estimates except for the SEC registration fee and the exchange listing fee.

---

| | |
|:---|:---|
|  | **Amount to be Paid** |
| SEC registration fee | $2071.50 |
| Legal fees and expenses | $175000.00 |
| Accounting fees and expenses | $10000.00 |
| Miscellaneous expenses | $0.00 |
| Total | $187071.50 |

---

***Item 14. Indemnification of Directors and Officers.***

Gameverse interactive Corp's Articles of Incorporation and Bylaws provide for the indemnification of a present or former director or officer to the fullest extent permitted by Nevada law, against all expense, liability and loss reasonably incurred or suffered by the officer or director in connection with any action against such officer or director.

Officers and Directors indemnification is covered by Section 78.7502.

**NRS 78.7502. Discretionary and mandatory indemnification of officers, directors, employees and agents: General provisions.**

1. A
 corporation may indemnify any person who was or is a party or is threatened to be made a
 party to any threatened, pending or completed action, suit or proceeding, whether civil,
 criminal, administrative or investigative, except an action by or in the right of the corporation,
 by reason of the fact that the person is or was a director, officer, employee or agent of
 the corporation, or is or was serving at the request of the corporation as a director, officer,
 employee or agent of another corporation, partnership, joint venture, trust or other enterprise,
 against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement
 actually and reasonably incurred by the person in connection with the action, suit or proceeding
 if the person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Is
 not liable pursuant to NRS 78.138; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Acted
 in good faith and in a manner which he or she reasonably believed to be in or not opposed
 to the best interests of the corporation, and, with respect to any criminal action or proceeding,
 had no reasonable cause to believe the conduct was unlawful.

The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, or that, with respect to any criminal action or proceeding, he or she had reasonable cause to believe that the conduct was unlawful.

[**Table of Contents**](#lpa_027)

2. A
 corporation may indemnify any person who was or is a party or is threatened to be made a
 party to any threatened, pending or completed action or suit by or in the right of the corporation
 to procure a judgment in its favor by reason of the fact that the person is or was a director,
 officer, employee or agent of the corporation, or is or was serving at the request of the
 corporation as a director, officer, employee or agent of another corporation, partnership,
 joint venture, trust or other enterprise against expenses, including amounts paid in settlement
 and attorneys' fees actually and reasonably incurred by the person in connection with
 the defense or settlement of the action or suit if the person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Is
 not liable pursuant to NRS 78.138; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Acted
 in good faith and in a manner which he or she reasonably believed to be in or not opposed
 to the best interests of the corporation.

3. Indemnification
 may not be made for any claim, issue or matter as to which such a person has been adjudged
 by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable
 to the corporation or for amounts paid in settlement to the corporation, unless and only
 to the extent that the court in which the action or suit was brought or other court of competent
 jurisdiction determines upon application that in view of all the circumstances of the case,
 the person is fairly and reasonably entitled to indemnity for such expenses as the court
 deems proper.

4. To
 the extent that a director, officer, employee or agent of a corporation has been successful
 on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections
 1 and 2, or in defense of any claim, issue or matter therein, the corporation shall indemnify
 him against expenses, including attorneys' fees, actually and reasonably incurred by
 him in connection with the defense.

***Item 15. Recent Sales of Unregistered Securities.***

Each of the individuals was accredited, and there was no general solicitation in connection with the sales to these individuals.

During 2023 six individuals purchased 193,500 shares of common stock at $2 per share and seven individuals purchased 872,500 shares of common stock at par value of $0.001 per share. The Company valued the shares at $2 per share and recorded compensation expense of $1,744,128 and $0 for these shares at December 31, 2023 and 2022, respectively.

On December 15, 2022, the Company issued the two Company founders a total of 9,900,000 common shares of stock, par value $0.001. The one founder was issued 6,200,000 while the other founder was issued 3,700,000 shares.

During the year ended December 31, 2023, the Company issued 193,500 warrants, which are exercisable at a $3.00 strike price.

On January 24, 2024, the Company issued 25,000 common shares of stock, par value $0.001 and 25,000 warrants at a $3.00 strike price under a subscription agreement.

On February 28, 2024, the Company issued 5,000 common shares of stock, par value $0.001 and 5,000 warrants at a $3.00 strike price under a subscription agreement.

On October 22, 2024, the Company issued 200,000 shares of stock, par value $0.001 and 200,000 warrants at a $3.00 strike price under a subscription agreement. This private placement generated $400,000 in cash for the Company.

On October 25, 2024, the Company issued 250,000 shares of stock, par value $0.001 and 250,000 warrants at a $3.00 strike price under a subscription agreement. This private placement generated $500,000 in cash for the Company.

On November 11, 2024, the Company issued 12,500 shares of stock, par value $0.001 and 12,500 warrants at a $3.00 strike price under a subscription agreement. This private placement generated $25,000 in cash for the Company.

On November 13, 2024, the Company issued 17,500 shares of stock, par value $0.001 and 17,500 warrants at a $3.00 strike price under a subscription agreement. This private placement generated $35,000 in cash for the Company.

On November 14, 2024, the Company issued 2,000 shares of stock, par value $0.001 and 2,000 warrants at a $3.00 strike price under a subscription agreement. This private placement generated $4,000 in cash for the Company.

On September 24, 2025, the Company issued 51 shares of Series A Preferred Stock.

The foregoing shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act, as there was no general solicitation, and the transactions did not involve a public offering.

***Item 16. Exhibits and Financial Statement Schedules.***

 ****

***Exhibits***

See the Exhibit Index immediately preceding the signature page hereto for a list of exhibits filed as part of this registration statement on Form S-1, which Exhibit Index is incorporated herein by reference.

***Financial Statement Schedules***

None.

[**Table of Contents**](#lpa_027)

***Item 17. Undertakings.***

The undersigned registrant hereby undertakes that:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(4) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424 (§ 230.424 of this chapter);

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions referenced in Item 14 of this Registration Statement, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer, or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered hereunder, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes that:

(1) For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

(2) For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

[**Table of Contents**](#lpa_027)

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 1.1\*\* | Form of Underwriting Agreement |
| 3.1 | [Articles of Incorporation of the registrant, as currently in effect^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex3-1.htm) |
| 3.2 | [Bylaws of the registrant, as currently in effect^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex3-2.htm) |
| 3.3\* | [Certificate of Designation, Preference and Rights of Series A Preferred Stock of Gameverse Interactive Corp](ex3-3.htm) |
| 4.1\*\* | Specimen certificate evidencing shares of common stock |
| 4.2\*\* | Form of Representative's Warrant |
| 5.1\*\* | Opinion of Lucosky Brookman LLP |
| 10.1+ | [Form of Employment Agreement, by and between Gameverse Interactive Corp and Jared Thau^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex10-1.htm) |
| 10.2+ | [Form of Employment Agreement, by and between Gameverse Interactive Corp and Jordan Thau^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex10-2.htm) |
| 10.3+ | [Form of Employment Agreement, by and between Gameverse Interactive Corp and John Pitstick^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex10-3.htm) |
| 10.4\* | [2025 Equity Incentive Plan](ex10-4.htm) |
| 14.1 | [Code of Conduct and Ethics^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex14-1.htm) |
| 21.1 | [List of subsidiaries of the registrant^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex21-1.htm) |
| 23.1\* | [Consent of M&K CPAS, PLLC, independent registered public accounting firm](ex23-1.htm) |
| 23.2\*\* | Consent of Lucosky Brookman LLP (included in Exhibit 5.1) |
| 24.1 | [Power of Attorney (included on signature page)](#pri_001) |
| 99.1\* | [Audit Committee Charter](ex99-1.htm) |
| 99.2\* | [Compensation Committee Charter](ex99-2.htm) |
| 99.3\* | [Nominating and Corporate Governance Committee Charter](ex99-3.htm) |
| 99.4\* | [Compensation Recovery Policy](ex99-4.htm) |
| 99.5 | [Whistleblower Policy^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex99-5.htm) |
| 99.6 | [Consent of Travis Brady, Director^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex99-6.htm) |
| 99.7 | [Consent of Orlando Barrowes, Director^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex99-7.htm) |
| 99.8 | [Consent of Nathan Larsen, Director^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex99-8.htm) |
| 99.9 | [Consent of Christopher Marc Melton, Director^](https://www.sec.gov/Archives/edgar/data/2017541/000164117225005196/ex99-9.htm) |
| 107\* | [Filing Fee Table](ex107.htm) |

---

---

| | |
|:---|:---|
| + | Indicates management contract or compensatory plan. |
| \* | Filed by this amendment. |
| \*\* | To be filed by amendment. |
| ^ | Previously filed. |

---

[**Table of Contents**](#lpa_027)

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of Fort Lauderdale, Florida on the 10<sup>th</sup> day of February, 2026.

---

| | |
|:---|:---|
| **GAMEVERSE INTERACTIVE CORP** | **GAMEVERSE INTERACTIVE CORP** |
| By: | */s/ Jared Thau* |
|  | Jared Thau |
|  | Chief Executive Officer and Chairman |

---

**POWER OF ATTORNEY**

Each person whose signature appears below constitutes and appoints Jared Thau as his or her true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for him and his name, place stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) to this registration statement and to file a new registration statement under Rule 461, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the foregoing, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Capacity** | **Date** |
| */s/ Jared Thau* | Co-Founder, Chief Executive Officer, Chairman of the Board of Directors, and Director | February 10, 2026  |
| Jared Thau | (Principal Executive Officer) |  |
| /s/ *Jordan Thau* | Co-Founder, President, Chief Technical Officer, and Director | February 10, 2026 |
| Jordan Thau | (Principal Financial Officer) |  |
| */s/ John Pitstick* | Chief Financial Officer | February 10, 2026 |
| John Pitstick | (Principal Financial and Accounting Officer) |  |
| */s/ Travis Brady* | Director | February 10, 2026 |
| Travis Brady |  |  |
| */s/ Orlando Barrowes* | Director | February 10, 2026 |
| Orlando Barrowes |  |  |
| */s/ Nathan Larsen* | Director | February 10, 2026 |
| Nathan Larsen |  |  |
| */s/ Christopher Marc Melton* | Director | February 10, 2026 |
| Christopher Marc Melton |  |  |

---

## Exhibit 3.3

**Exhibit 3.3**

**CERTIFICATE OF DESIGNATION, PREFERENCE AND RIGHTS OF SERIES A PREFERRED STOCK OF GAMEVERSE INTERACTIVE CORP.**

Gameverse Interactive Corp, a corporation organized and existing under the laws of the State of Nevada (the "<u>Corporation</u>"), does hereby certify that, pursuant to authority conferred upon the Board of Directors of the Company by the Articles of Incorporation of the Company, it has adopted resolutions (a) authorizing the creation of Series A Preferred Stock of the Company and (b) providing for the designations, preferences and relative participating, optional or other rights, and the qualifications, limitations or restrictions thereof, as follows:

1. **Number of Shares; Stated Value and Dividends**. The Corporation hereby designates fifty-one (51) shares of the authorized shares of preferred stock as Series A Preferred Stock. The stated value of the Series A Preferred Stock shall be $0.001 par value. The holders of share of Series A Preferred Stock shall not be entitled to receive dividends.

2. **Liquidation Preference**. Subject to Section 3, in the event of any liquidation, dissolution or winding up of this Corporation, either voluntary or involuntary, the holders of Series A Preferred Stock may at their sole option elect to receive, prior and in preference to any distribution of any of the assets of this Corporation to the holders of common stock by reason of their ownership thereof, an amount per share equal to $0.001 for the outstanding shares of Series A Preferred Stock.

3. **Redemption.** The Series A Preferred Stock is not redeemable without the prior written consent of the holder of such Series A Preferred Stock.

4. **Conversion.** The shares of Series A Preferred Stock shall not be convertible into Common Stock.

5. **Voting Rights**.

One (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 *multiplied by* the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote (the "Numerator"), *divided by* (y) 0.49, *minus* (z) the Numerator. For the avoidance of doubt, if the total number of votes of the issued and outstanding shares of Common Stock and other Preferred Stock eligible to vote at the time of the respective vote is 5,000,000, the voting rights of one (1) share of the Series A Preferred Stock shall be equal to 102,036 (e.g., ((0.019607 x 5,000,000) / 0.49) – (0.019607 x 5,000,000) = 102,036).

With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation's Articles of Incorporation or by-laws.

**6. Transferability.** The Holders of the Share of Series A Preferred shall have the right to transfer the Shares at their discretion and the transferee shall have all rights associated with the Shares ownership.

**7. Status of Redeemed Stock.** In the event the shares of Series A Preferred Stock shall be redeemed pursuant to Section 4 hereof, or converted pursuant to Section 5 hereof, the shares shall be cancelled and returned to the status of authorized but unissued shares of preferred stock.

8. **Taxes.** This Corporation will pay all taxes (other than taxes based upon income) and other governmental charges that may be imposed with respect to the issue or delivery of the shares of Series A Preferred Stock.

## Exhibit 10.4

**Exhibit 10.4**

**GAMEVERSE INTERACTIVE CORP**

**2025 OMNIBUS EQUITY INCENTIVE PLAN**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
|  |  | **PAGE** |
| Article 1. Effective Date, Objectives and Duration | Article 1. Effective Date, Objectives and Duration | 1 |
| 1.1 | Effective Date of the Plan | 1 |
| 1.2 | Objectives of the Plan | 1 |
| 1.3 | Duration of the Plan | 1 |
| Article 2. Definitions | Article 2. Definitions | 1 |
| 2.1 | "Applicable Law" | 1 |
| 2.2 | "Award" | 1 |
| 2.3 | "Award Agreement" | 1 |
| 2.4 | "Board" | 1 |
| 2.5 | "Bonus Shares" | 1 |
| 2.6 | "Cause" | 2 |
| 2.7 | "CEO" | 2 |
| 2.8 | "Code" | 2 |
| 2.9 | "Committee" | 2 |
| 2.10 | "Company" | 2 |
| 2.11 | "Compensation Committee" | 2 |
| 2.12 | "Corporate Transaction" | 2 |
| 2.13 | "Deferred Shares" | 2 |
| 2.14 | "Disability" or "Disabled" | 2 |
| 2.15 | "Dividend Equivalent" | 2 |
| 2.16 | "Effective Date" | 2 |
| 2.17 | "Eligible Person" | 2 |
| 2.18 | "Exchange Act" | 3 |
| 2.19 | "Exercise Price" | 3 |
| 2.20 | "Fair Market Value" | 3 |
| 2.21 | "Grant Date" | 3 |
| 2.22 | "Grantee" | 3 |
| 2.23 | "Incentive Share Option" | 3 |
| 2.24 | "Including" or "includes" | 3 |
| 2.25 | "Non-Employee Director" | 3 |
| 2.26 | "Option" | 3 |
| 2.27 | "Other Share-Based Award" | 3 |
| 2.28 | "Performance Period" | 3 |
| 2.29 | "Performance Share" and "Performance Share Unit" | 3 |
| 2.30 | "Period of Restriction" | 4 |
| 2.31 | "Person" | 4 |
| 2.32 | "Restricted Shares" | 4 |
| 2.33 | "Restricted Share Units" | 4 |
| 2.34 | "Rule 16b-3" | 4 |
| 2.35 | "SEC" | 4 |
| 2.36 | "Section 16 Non-Employee Director" | 4 |
| 2.37 | "Section 16 Person" | 4 |
| 2.38 | "Share" | 4 |
| 2.39 | "Share Appreciation Right" or "SAR" | 4 |

---

---

| | | |
|:---|:---|:---|
| 2.40 | "Subsidiary" | 4.0 |
| 2.41 | "Surviving Company" | 4.0 |
| 2.42 | "Term" | 4.0 |
| 2.43 | "Termination of Affiliation" | 4.0 |
| Article 3. Administration | Article 3. Administration | 5.0 |
| 3.1 | Committee | 5.0 |
| 3.2 | Powers of Committee | 5.0 |
| 3.3 | No Repricings | 7.0 |
| Article 4. Shares Subject to the Plan | Article 4. Shares Subject to the Plan | 7.0 |
| 4.1 | Number of Shares Available for Grants | 7.0 |
| 4.2 | Adjustments in Authorized Shares and Awards; Corporate Transaction, Liquidation or Dissolution | 7.0 |
| Article 5. Eligibility and General Conditions of Awards | Article 5. Eligibility and General Conditions of Awards | 8.0 |
| 5.1 | Eligibility | 8.0 |
| 5.2 | Award Agreement | 8.0 |
| 5.3 | General Terms and Termination of Affiliation | 8.0 |
| 5.4 | Non-transferability of Awards | 9.0 |
| 5.5 | Cancellation and Rescission of Awards | 9.0 |
| 5.6 | Stand-Alone, Tandem and Substitute Awards | 9.0 |
| 5.7 | Compliance with Rule 16b-3 | 10.0 |
| 5.8 | Deferral of Award Payouts | 10.0 |
| Article 6. Share Options | Article 6. Share Options | 10.0 |
| 6.1 | Grant of Options | 10.0 |
| 6.2 | Award Agreement | 10.0 |
| 6.3 | Option Exercise Price | 10.0 |
| 6.4 | Grant of Incentive Share Options | 11.0 |
| 6.5 | Payment of Exercise Price | 11.0 |
| Article 7. Share Appreciation Rights | Article 7. Share Appreciation Rights | 12.0 |
| 7.1 | Issuance | 12.0 |
| 7.2 | Award Agreements | 12.0 |
| 7.3 | SAR Exercise Price | 12.0 |
| 7.4 | Exercise and Payment | 12.0 |
| Article 8. Restricted Shares | Article 8. Restricted Shares | 12.0 |
| 8.1 | Grant of Restricted Shares | 12.0 |
| 8.2 | Award Agreement | 13.0 |
| 8.3 | Consideration for Restricted Shares | 13.0 |
| 8.4 | Effect of Forfeiture | 13.0 |
| 8.5 | Escrow; Legends | 13.0 |
| Article 9. Performance Share Units and Performance Shares | Article 9. Performance Share Units and Performance Shares | 13.0 |
| 9.1 | Grant of Performance Share Units and Performance Shares | 13.0 |
| 9.2 | Value/Performance Goals | 13.0 |
| 9.3 | Earning of Performance Share Units and Performance Shares | 13.0 |

---

---

| | | |
|:---|:---|:---|
| Article 10. Deferred Shares and Restricted Share Units | Article 10. Deferred Shares and Restricted Share Units | 14.0 |
| 10.1 | Grant of Deferred Shares and Restricted Share Units | 14.0 |
| 10.2 | Vesting and Delivery | 14.0 |
| 10.3 | Voting and Dividend Equivalent Rights Attributable to Deferred Shares and Restricted Share Units | 15.0 |
| Article 11. Dividend Equivalents | Article 11. Dividend Equivalents | 15.0 |
| Article 12. Bonus Shares | Article 12. Bonus Shares | 15.0 |
| Article 13. Other Share-Based Awards | Article 13. Other Share-Based Awards | 15.0 |
| Article 14. Non-Employee Director Awards | Article 14. Non-Employee Director Awards | 16.0 |
| Article 15. Amendment, Modification, and Termination | Article 15. Amendment, Modification, and Termination | 16.0 |
| 15.1 | Amendment, Modification, and Termination | 16.0 |
| 15.2 | Awards Previously Granted | 16.0 |
| Article 16. Compliance with Code Section 409A | Article 16. Compliance with Code Section 409A | 16.0 |
| Article 17. Withholding | Article 17. Withholding | 16.0 |
| 17.1 | Required Withholding | 16.0 |
| 17.2 | Notification under Code Section 83(b) | 17.0 |
| Article 18. Additional Provisions | Article 18. Additional Provisions | 17.0 |
| 18.1 | Successors | 17.0 |
| 18.2 | Severability | 17.0 |
| 18.3 | Requirements of Law | 17.0 |
| 18.4 | Securities Law Compliance | 18.0 |
| 18.5 | Forfeiture Events | 18.0 |
| 18.6 | No Rights as a Shareholder | 18.0 |
| 18.7 | Nature of Payments | 18.0 |
| 18.8 | Non-Exclusivity of Plan | 19.0 |
| 18.9 | Governing Law | 19.0 |
| 18.10 | Unfunded Status of Awards; Creation of Trusts | 19.0 |
| 18.11 | Affiliation | 19.0 |
| 18.12 | Participation | 19.0 |
| 18.13 | Construction | 19.0 |
| 18.14 | Headings | 19.0 |
| 18.15 | Obligations | 19.0 |
| 18.16 | No Right to Continue as Director | 19.0 |
| 18.17 | Shareholder Approval | 19.0 |
| 18.18 | Forfeiture of Shares | 19.0 |
| 18.19 | Share Issuances | 19.0 |
| 18.20 | No Dividends on Unvested Awards | 19.0 |

---

**GAMEVERSE INTERACTIVE CORP**

**OMNIBUS EQUITY INCENTIVE PLAN**

**Article 1.**

**Effective Date, Objectives and Duration**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Effective Date of the Plan</u>. The Board of Gameverse Interactive Corp, a Nevada corporation (the "Company"), adopted the Gameverse Interactive Omnibus Equity Incentive Plan (the "Plan") effective as of October 16, 2025 (the "Effective Date").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Objectives of the Plan</u>. The Plan is intended (a) to allow selected employees and Non-Employee Directors of and consultants to the Company and its Subsidiaries to acquire or increase equity ownership in the Company, thereby strengthening their commitment to the success of the Company and stimulating their efforts on behalf of the Company, and to assist the Company and its Subsidiaries in attracting new employees, officers, Non-Employee Directors and consultants and retaining existing employees and consultants, (b) to optimize the profitability and growth of the Company and its Subsidiaries through incentives which are consistent with the Company's goals, (c) to provide Grantees with an incentive for excellence in individual performance, (d) to promote teamwork among employees, consultants and Non-Employee Directors, and (e) to attract and retain highly qualified persons to serve as Non-Employee Directors and to promote ownership by such Non-Employee Directors of a greater proprietary interest in the Company, thereby aligning such Non-Employee Directors' interests more closely with the interests of the Company's shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 <u>Duration of the Plan</u>. The Plan shall commence on the Effective Date and shall remain in effect, subject to the right of the Board to amend or terminate the Plan at any time pursuant to Article 15 hereof, until the earlier of the tenth anniversary of the Effective Date, or the date all Shares subject to the Plan shall have been purchased or acquired and the restrictions on all Restricted Shares granted under the Plan shall have lapsed, according to the Plan's provisions.

**Article 2.**

**Definitions**

Whenever used in the Plan, the following terms shall have the meanings set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>"Applicable Law"</u> means (i) the laws of Nevada as they relate to the Company and its Shares; (ii) the legal requirements relating to the Plan and the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders of any jurisdiction applicable to Awards granted to residents; and (iii) the rules of any applicable securities exchange, national market system or automated quotation system on which the Shares are listed, quoted or traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>"Award"</u> means Options (including non-qualified options and Incentive Share Options), SARs, Restricted Shares, Performance Share Units (which may be paid in cash), Performance Shares, Deferred Shares, Restricted Share Units, Dividend Equivalents, Bonus Shares or Other Share-Based Awards granted under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>"Award Agreement"</u> means either (a) a written agreement entered into by the Company and a Grantee setting forth the terms and provisions applicable to an Award granted under the Plan, or (b) a written statement issued by the Company to a Grantee describing the terms and provisions of such Award, including any amendment or modification thereof. The Committee may provide for the use of electronic, internet or other non-paper Award Agreements and the use of electronic, internet or other non-paper means for the acceptance thereof and actions thereunder by the Grantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>"Board"</u> means the Board of Directors of the Company, from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>"Bonus Shares"</u> means Shares that are awarded to a Grantee with or without cost and without restrictions either in recognition of past performance (whether determined by reference to another employee benefit plan of the Company or otherwise), as an inducement to become an Eligible Person or, with the consent of the Grantee, as payment in lieu of any cash remuneration otherwise payable to the Grantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>"Cause"</u> means, except as otherwise defined in an Award Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the commission of any act by a Grantee constituting a felony or crime of moral turpitude (or their equivalent in a non-United States jurisdiction);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) an act of dishonesty, fraud, intentional misrepresentation, or harassment which, as determined in good faith by the Committee, would: (i) materially adversely affect the business or the reputation of the Company or any of its Subsidiaries with their respective current or prospective customers, suppliers, lenders and/or other third parties with whom such entity does or might do business; or (ii) expose the Company or any of its Subsidiaries to a risk of civil or criminal legal damages, liabilities or penalties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any material misconduct in violation of the Company's or a Subsidiary's written policies; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) willful and deliberate non-performance of the Grantee's duties in connection with the business affairs of the Company or its Subsidiaries;

*provided, however*, that if the Grantee has a written employment or consulting agreement with the Company or any of its Subsidiaries or participates in any severance plan established by the Company applicable to Awards granted to the Grantee under the Plan that includes a definition of "cause" (or a substantially equivalent term), then Cause shall have the meaning set forth in such employment or consulting agreement or severance plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>"CEO"</u> means the Chief Executive Officer of the Company or any other named executive officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>"Code"</u> means the Internal Revenue Code of 1986, as amended from time to time. References to a particular section of the Code include references to regulations and rulings thereunder and to successor provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>"Committee"</u> has the meaning set forth in Section 3.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>"Company"</u> means Gameverse Interactive Corp, a company incorporated under the laws of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 <u>"Compensation Committee"</u> means the compensation committee of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 <u>"Corporate Transaction"</u> has the meaning set forth in Section 4.2(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 <u>"Deferred Shares</u> means a right, granted under Article 10, to receive Shares at the end of a specified deferral period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 <u>"Disability" or "Disabled"</u> means, unless otherwise defined in an Award Agreement, or as otherwise determined under procedures established by the Committee for purposes of the Plan, a Grantee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.15 <u>"Dividend Equivalent"</u> means a right to receive payments equal to dividends or property, if and when paid or distributed, on a specified number of Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.16 <u>"Effective Date"</u> has the meaning set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17 <u>"Eligible Person"</u> means any individual who is an employee (including any officer) of, a non-employee consultant to, or a Non-Employee Director of, the Company or any Subsidiary; provided, however, that solely with respect to the grant of an Incentive Share Option, an Eligible Person shall be any employee (including any officer) of the Company or any Subsidiary. Notwithstanding the foregoing, an Eligible Person shall also include an individual who is expected to become an employee to, non-employee consultant of or Non-Employee Director of the Company or any Subsidiary within a reasonable period of time after the grant of an Award (other than an Incentive Share Option); provided that any Award granted to any such individual shall be automatically terminated and cancelled without consideration if the individual does not begin performing services for the Company or any Subsidiary within twelve (12) months after the Grant Date. Solely for purposes of Section 5.6(b), current or former employees or non-employee directors of, or consultants to, an Acquired Entity who receive Substitute Awards in substitution for Acquired Entity Awards shall be considered Eligible Persons under this Plan with respect to such Substitute Awards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18 <u>"Exchange Act"</u> means the Securities Exchange Act of 1934, as amended from time to time. References to a particular section of the Exchange Act include references to successor provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19 <u>"Exercise Price"</u> means (a) with respect to an Option, the price at which a Share may be purchased by a Grantee pursuant to such Option or (b) with respect to an SAR, the price established at the time an SAR is granted pursuant to Article 7, which is used to determine the amount, if any, of the payment due to a Grantee upon exercise of the SAR. Notwithstanding the foregoing, the Exercise Price may never be less than the par value per Share of US$0.001.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20 <u>"Fair Market Value"</u> means, as of any date, unless otherwise specifically provided in an Award Agreement, the value of Shares determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Shares are listed on one or more established and regulated securities exchanges, national market systems or automated quotation systems on which Shares are listed, quoted or traded, Fair Market Value means a price that is based on the opening, closing, actual, high, low, or the arithmetic mean of selling prices of a Share reported on the principal exchange or system on which the Shares are traded on the applicable date or the preceding trading day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Shares are traded over the counter at the time a determination of Fair Market Value is required to be made hereunder, Fair Market Value shall be deemed to be equal to the arithmetic mean between the reported high and low or closing bid and asked prices of a Share on the applicable date, or if no such trades were made that day then the most recent date on which Shares were publicly traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event Shares are not publicly traded at the time a determination of their value is required to be made hereunder, the determination of their Fair Market Value shall be made by the Committee in such manner as it deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.21 <u>"Grant Date"</u> means the date on which an Award is granted or such later date as specified in advance by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22 <u>"Grantee"</u> means a person who has been granted an Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.23 <u>"Incentive Share Option"</u> means an Option that is intended to meet the requirements of Section 422 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.24 <u>"Including" or "includes"</u> means "including, without limitation," or "includes, without limitation," respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25 <u>"Non-Employee Director"</u> means a member of the Board who is not an employee of the Company or any Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26 <u>"Option"</u> means an option granted under Article 6 of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.27 <u>"Other Share-Based Award"</u> means a right, granted under Article 13 hereof, that relates to or is valued by reference to Shares or other Awards relating to Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.28 <u>"Performance Period"</u> means, with respect to an Award of Performance Shares or Performance Share Units, the period of time during which the performance vesting conditions applicable to such Award must be satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.29 <u>"Performance Share" and "Performance Share Unit"</u> have the respective meanings set forth in Article 9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30 <u>"Period of Restriction"</u> means the period during which Restricted Shares are subject to forfeiture if the conditions specified in the Award Agreement are not satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.31 <u>"Person"</u> means any individual, sole proprietorship, partnership, joint venture, limited liability company, trust, unincorporated organization, association, corporation, institution, public benefit corporation, entity or government instrumentality, division, agency, body or department.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.32 <u>"Restricted Shares"</u> means Shares, granted under Article 8, that are both subject to forfeiture and are nontransferable if the Grantee does not satisfy the conditions specified in the Award Agreement applicable to such Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.33 <u>"Restricted Share Units"</u> are rights, granted under Article 10, to receive Shares if the Grantee satisfies the conditions specified in the Award Agreement applicable to such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.34 <u>"Rule 16b-3"</u> means Rule 16b-3 promulgated by the SEC under the Exchange Act, as amended from time to time, together with any successor rule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.35 <u>"SEC"</u> means the United States Securities and Exchange Commission, or any successor thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.36 <u>"Section 16 Non-Employee Director"</u> means a member of the Board who satisfies the requirements to qualify as a "non-employee director" under Rule 16b-3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.37 <u>"Section 16 Person"</u> means a person who is subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions involving equity securities of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38 <u>"Share"</u> means a share of Common Stock of the Company, par value US$0.001, and such other securities of the Company, as may be substituted or resubstituted for Shares pursuant to Section 4.2 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.39 <u>"Share Appreciation Right" or "SAR"</u> means an Award granted under Article 7 of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40 <u>"Subsidiary"</u> means any corporation or other entity, including but not limited to partnerships, limited liability companies, exempted companies and joint ventures, with respect to which the Company, directly or indirectly, owns as applicable (a) shares possessing more than fifty percent (50%) of the total combined voting power of all classes of shares entitled to vote, or more than fifty percent (50%) of the total value of all shares of all classes of shares of such corporation, or (b) an aggregate of more than fifty percent (50%) of the profits interest or capital interest of a non-corporate entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.41 <u>"Surviving Company"</u> means (a) the surviving entity in any merger, consolidation or similar transaction, involving the Company (including the Company if the Company is the surviving entity), (b) or the direct or indirect parent company of such surviving entity or (c) the direct or indirect parent company of the Company following a sale of substantially all of the issued and outstanding Shares of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.42 <u>"Term"</u> of any Option or SAR means the period beginning on the Grant Date of an Option or SAR and ending on the date such Option or SAR expires, terminates or is cancelled. No Option or SAR granted under this Plan shall have a Term exceeding 10 years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.43 <u>"Termination of Affiliation"</u> occurs on the first day on which an individual is for any reason no longer performing services for the Company or any Subsidiary in the capacity of an employee of, a non-employee consultant to, or a Non-Employee Director of, the Company or any Subsidiary or with respect to an individual who is an employee of, a non-employee consultant to or a Non-Employee Director of a Subsidiary, the first day on which such entity ceases to be a Subsidiary of the Company unless such individual continues to perform Services for the Company or another Subsidiary without interruption after such entity ceases to be a Subsidiary.

**Article 3.**

**Administration**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Committee</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to Article 14, and to subsection (b) and to Section 3.2, the Plan shall be administered by the Compensation Committee. In the event that the Board determines that the Compensation Committee shall not be the administrator of the Plan, the term "Committee" as used hereunder shall (except as provided for in subsection (b)) mean the committee of the Board designated to administer the Plan, or the full Board should the Board so designate. The Committee may delegate to the CEO any or all of the authority of the Committee with respect to Awards to Grantees other than Grantees who are executive officers, Non-Employee Directors, or Section 16 Persons at the time any such delegated authority is exercised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unless the context requires otherwise, any references herein to "Committee" include references to the CEO to the extent the CEO has been delegated authority pursuant to subsection (a); provided that (i) for purposes of Awards to Non-Employee Directors, "Committee" shall include only the full Board, and (ii) for purposes of Awards intended to comply with Rule 16b-3, the "Committee" shall include only the Compensation Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Powers of Committee</u>. Subject to and consistent with the provisions of the Plan (including Article 14), the Committee has full and final authority and sole discretion as follows; provided that any such authority or discretion exercised with respect to a specific Non-Employee Director shall be approved by a majority of the members of the Board, but excluding the Non-Employee Director with respect to whom such authority or discretion is exercised:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to determine when, to whom and in what types and amounts Awards should be granted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to grant Awards to Eligible Persons in any number and to determine the terms and conditions applicable to each Award (including the number of Shares or the amount of cash or other property to which an Award will relate, any Exercise Price or purchase price, any limitation or restriction, any schedule for or performance conditions relating to the earning of the Award or the lapse of limitations, forfeiture restrictions, restrictions on exercisability or transferability, any performance goals including those relating to the Company and/or a Subsidiary and/or any division thereof and/or an individual, and/or vesting based on the passage of time, based in each case on such considerations as the Committee shall determine);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to determine the benefit payable, including where applicable the number of Shares issued, under any Performance Share Unit, Performance Share, Dividend Equivalent, Other Share-Based Award or Cash Incentive Award and to determine whether any performance or vesting conditions have been satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to determine whether or not specific Awards shall be granted in connection with other specific Awards, and if so, whether they shall be exercisable cumulatively with, or alternatively to, such other specific Awards and all other matters to be determined in connection with an Award;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to determine the Term of any Option or SAR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) to determine the amount, if any, that a Grantee shall pay for Restricted Shares, whether to permit or require the payment of cash dividends thereon to be deferred and the terms related thereto, when Restricted Shares (including Restricted Shares acquired upon the exercise of an Option) shall be forfeited and whether such shares shall be held in escrow;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) to determine whether, to what extent and under what circumstances an Award may be settled in, or the exercise price of an Award may be paid in, cash, Shares, other Awards or other property, or an Award may be accelerated, vested, canceled, forfeited or surrendered or any terms of the Award may be waived, and to accelerate the exercisability of, and to accelerate or waive any or all of the terms and conditions applicable to, any Award or any group of Awards for any reason and at any time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) to determine with respect to Awards granted to Eligible Persons whether, to what extent and under what circumstances cash, Shares, other Awards, other property and other amounts payable with respect to an Award will be deferred, either at the election of the Grantee or automatically pursuant to the terms of the Award Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to offer to exchange or buy out any previously granted Award for a payment in cash, Shares or other Award;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) to construe and interpret the Plan and to make all determinations, including factual determinations, necessary or advisable for the administration of the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) to make, amend, suspend, waive and rescind rules and regulations relating to the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) to appoint such agents as the Committee may deem necessary or advisable to administer the Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) to determine the terms and conditions of all Award Agreements applicable to Eligible Persons (which need not be identical) and, with the consent of the Grantee, to amend any such Award Agreement at any time, among other things, to permit transfers of such Awards to the extent permitted by the Plan; provided that the consent of the Grantee shall not be required for any amendment (i) which does not adversely affect the rights of the Grantee, or (ii) which is necessary or advisable (as determined by the Committee) to carry out the purpose of the Award as a result of any new Applicable Law or change in an existing Applicable Law, or (iii) to the extent the Award Agreement specifically permits amendment without consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) to cancel, with the consent of the Grantee, outstanding Awards and to grant new Awards in substitution therefor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) to impose such additional terms and conditions upon the grant, exercise or retention of Awards as the Committee may, before or concurrently with the grant thereof, deem appropriate, including limiting the percentage of Awards which may from time to time be exercised by a Grantee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) to make adjustments in the terms and conditions of, and the criteria in, Awards in recognition of unusual or nonrecurring events (including events described in Section 4.2) affecting the Company or a Subsidiary or the financial statements of the Company or a Subsidiary, or in response to changes in Applicable Law, regulations or accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) to correct any defect or supply any omission or reconcile any inconsistency, and to construe and interpret the Plan, the rules and regulations, and Award Agreement or any other instrument entered into or relating to an Award under the Plan; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) to take any other action with respect to any matters relating to the Plan for which it is responsible and to make all other decisions and determinations as may be required under the terms of the Plan or as the Committee may deem necessary or advisable for the administration of the Plan.

Any action of the Committee with respect to the Plan shall be final, conclusive and binding on all persons, including the Company, its Subsidiaries, any Grantee, any person claiming any rights under the Plan from or through any Grantee, and shareholders. If not specified in the Plan, the time at which the Committee must or may make any determination shall be determined by the Committee, and any such determination may thereafter be modified by the Committee. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting any power or authority of the Committee. Subject to Section 3.1(b), the Committee may delegate to officers of the Company or any Subsidiary the authority, subject to such terms as the Committee shall determine, to perform specified functions under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>No Repricings</u>. Notwithstanding any provision in Section 3.2 to the contrary, the terms of any outstanding Option or SAR may not be amended to reduce the Exercise Price of such Option or SAR or cancel any outstanding Option or SAR in exchange for other Options or SARs with an Exercise Price that is less than the Exercise Price of the cancelled Option or SAR or for any cash payment (or Shares having a Fair Market Value) in an amount that exceeds the excess of the Fair Market Value of the Shares underlying such cancelled Option or SAR over the aggregate Exercise Price of such Option or SAR or for any other Award, without shareholder approval; provided, however, that the restrictions set forth in this Section 3.3, shall not apply (i) unless the Company has a class of shares that is registered under Section 12 of the Exchange Act or (ii) to any adjustment allowed under to Section 4.2.

**Article 4.**

**Shares Subject to the Plan**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Number of Shares Available for Grants</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to adjustment as provided in Section 4.2 and except as provided in Section 5.6(b), the maximum number of Shares hereby reserved for issuance under the Plan (including Incentive Share Options) shall be 3 million (3,000,000) Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If any Shares subject to an Award granted hereunder (other than a Substitute Award granted pursuant to Section 5.6(b)) are forfeited or such Award otherwise terminates without payment or delivery of such Shares, the Shares subject to such Award, to the extent of any such forfeiture or termination, shall again be available for grant under the Plan except where otherwise specified hereunder. For avoidance of doubt, however, if any Shares subject to an Award granted hereunder are withheld or applied as payment in connection with the exercise of an Award or the withholding or payment of taxes related thereto ("Returned Shares"), such Returned Shares will be treated as having been delivered for purposes of determining the maximum number of Shares available for grant under the Plan and shall not again be treated as available for grant under the Plan. Moreover, the number of Shares available for issuance under the Plan may not be increased through the Company's purchase of Shares on the open market with the proceeds obtained from the exercise of any Options granted hereunder. Upon settlement of an SAR, the number of Shares underlying the portion of the SAR that is exercised will be treated as having been delivered for purposes of determining the maximum number of Shares available for grant under the Plan and shall not again be treated as available for issuance under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Shares issued pursuant to the Plan may be, in whole or in part, authorized and unissued Shares, or treasury Shares, including Shares repurchased by the Company for purposes of the Plan. Additionally, at the discretion of the Committee, any Shares distributed pursuant to an Award may be represented by American Depositary Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Adjustments in Authorized Shares and Awards; Corporate Transaction, Liquidation or Dissolution</u>.

**(**a) <u>Adjustment in Authorized Shares and Awards</u>. In the event that the Committee determines that any dividend or other distribution (whether in the form of cash, equity, or other property), recapitalization, forward or reverse share split, subdivision, consolidation or reduction of capital, reorganization, merger, consolidation, scheme of arrangement, split-up, spin-off or combination involving the Company or repurchase or exchange of Shares or other securities of the Company or other rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event affects the Shares such that any adjustment is determined by the Committee to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Shares (or other securities or property) with respect to which Awards may be granted, (ii) the number and type of Shares (or other securities or property) subject to outstanding Awards, (iii) the Exercise Price with respect to any Option or SAR or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award, and (iv) the number and kind of Shares of outstanding Restricted Shares, or the Shares underlying any other form of Award. Notwithstanding the foregoing, no such adjustment shall be authorized with respect to any Options or SARs to the extent that such adjustment would cause the Option or SAR to violate Section 424(a) of the Code or otherwise subject any Grantee to taxation under Section 409A of the Code; and *provided further* that the number of Shares subject to any Award denominated in Shares shall always be a whole number.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Merger, Consolidation or Similar Corporate Transaction</u>. In the event of a merger or consolidation of the Company with or into another entity or a sale of substantially all of the Shares of the Company (a "Corporate Transaction"), any outstanding Awards that have not yet vested as of the consummation of such Corporate Transaction shall immediately accelerate and vest in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Liquidation, Winding-Up or Dissolution of the Company</u>. In the event of the proposed liquidation, winding-up or dissolution of the Company, each Award will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee. Additionally, the Committee may, in the exercise of its sole discretion, cause Awards to be vested and non-forfeitable and cause any conditions on any such Award to lapse, as to all or any part of such Award, including Shares as to which the Award would not otherwise be exercisable or non-forfeitable and allow all Grantees to exercise such Awards of Options and SARs within a reasonable period prior to the consummation of such proposed action. Any Awards that remain unexercised upon consummation of such proposed action shall be cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Evergreen Provision</u>. On each anniversary of the Effective Date, the number of Shares reserved under the Plan will be automatically increased by an amount equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 4% of the number of shares of Common Stock outstanding on that anniversary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 3,000,000 shares; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such other number determined by the Board (subject to any limitations hereinafter set forth).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <u>Cap on Evergreen Increase</u>. The automatic annual increase under the evergreen provision shall not cause the total number of Shares reserved under the Plan to exceed 30% of the Company's then-outstanding common shares, without shareholder approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <u>Adjustments</u>. In the event of stock splits, reverse stock splits, stock dividends, recapitalizations or other corporate reorganizations or similar events, the number of shares subject to the evergreen provision shall be appropriately adjusted to reflect such events.

**Article 5.**

**Eligibility and General Conditions of Awards**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Eligibility</u>. The Committee may in its discretion grant Awards to any Eligible Person, whether or not he or she has previously received an Award; provided, however, that all Awards made to Non-Employee Directors shall be determined by the Board in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Award Agreement</u>. To the extent not set forth in the Plan, the terms and conditions of each Award shall be set forth in an Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>General Terms and Termination of Affiliation</u>. The Committee may impose on any Award or the exercise or settlement thereof, at the date of grant or, subject to the provisions of Section 15.2, thereafter, such additional terms and conditions not inconsistent with the provisions of the Plan as the Committee shall determine, including terms requiring forfeiture, acceleration or pro-rata acceleration of Awards in the event of a Termination of Affiliation by the Grantee. Awards may be granted for no consideration other than prior and future services. Except as set forth in an Award Agreement or as otherwise determined by the Committee, (a) all Options and SARs that are not vested and exercisable at the time of a Grantee's Termination of Affiliation, and any other Awards that remain subject to a risk of forfeiture or which are not otherwise vested at the time of the Grantee's Termination of Affiliation shall be forfeited to the Company and (b) all outstanding Options and SARs not previously exercised shall expire three months after the Grantee's Termination of Affiliation. Notwithstanding the foregoing, the Committee may not take any actions hereunder, and no Awards shall be granted, that would violate any Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Non-transferability of Awards</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Award and each right under any Award shall be exercisable only by the Grantee during the Grantee's lifetime, or, if permissible under Applicable Law, by the Grantee's guardian or legal representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Award (prior to the time, if applicable, Shares are delivered in respect of such Award), and no right under any Award, may be assigned, alienated, pledged, mortgaged, encumbered, attached, sold or otherwise transferred or encumbered by a Grantee otherwise than by will or by the laws of descent and distribution (or in the case of Restricted Shares, to the Company), and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Subsidiary; provided that the designation of a beneficiary to receive benefits in the event of the Grantee's death shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding subsections (a) and (b) above, to the extent provided in the Award Agreement or as otherwise approved by the Committee, Options (other than Incentive Share Options) and Restricted Shares, may be transferred, without consideration, to a Permitted Transferee. For this purpose, a "Permitted Transferee" in respect of any Grantee means any member of the Immediate Family of such Grantee, any trust of which all of the primary beneficiaries are such Grantee or members of his or her Immediate Family, or any partnership (including limited liability companies and similar entities) of which all of the partners or members are such Grantee or members of his or her Immediate Family; and the "Immediate Family" of a Grantee means the Grantee's spouse, children, stepchildren, grandchildren, parents, stepparents, siblings, grandparents, nieces and nephews. Such Option may be exercised by such transferee in accordance with the terms of the Award Agreement. If so determined by the Committee, a Grantee may, in the manner established by the Committee, designate a beneficiary or beneficiaries to exercise the rights of the Grantee, and to receive any distribution with respect to any Award upon the death of the Grantee. A transferee, beneficiary, guardian, legal representative or other person claiming any rights under the Plan from or through any Grantee shall be subject to and consistent with the provisions of the Plan and any applicable Award Agreement, except to the extent the Plan and Award Agreement otherwise provide with respect to such persons, and to any additional restrictions or limitations deemed necessary or appropriate by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <u>Cancellation and Rescission of Awards</u>. Unless the Award Agreement specifies otherwise, the Committee may cancel, rescind, suspend, withhold, or otherwise limit or restrict any unexercised Award at any time if the Grantee is not in compliance with all applicable provisions of the Award Agreement and the Plan or if the Grantee has a Termination of Affiliation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <u>Stand-Alone, Tandem and Substitute Awards</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in substitution for, any other Award granted under the Plan unless such tandem or substitution Award would subject the Grantee to tax penalties imposed under Section 409A of the Code. If an Award is granted in substitution for another Award or any non-Plan award or benefit, the Committee shall require the surrender of such other Award or non-Plan award or benefit in consideration for the grant of the new Award. Awards granted in addition to or in tandem with other Awards or non-Plan awards or benefits may be granted either at the same time as or at a different time from the grant of such other Awards or non-Plan awards or benefits; provided, however, that if any SAR is granted in tandem with an Incentive Share Option, such SAR and Incentive Share Option must have the same Grant Date, Term and the Exercise Price of the SAR may not be less than the Exercise Price of the Incentive Share Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Committee may, in its discretion and on such terms and conditions as the Committee considers appropriate in the circumstances, grant Awards under the Plan ("Substitute Awards") in substitution for Shares and Share-based awards ("Acquired Entity Awards") held by current or former employees or non-employee directors of, or consultants to, another corporation or entity who become Eligible Persons as the result of a merger or consolidation of the employing corporation or other entity (the "Acquired Entity") with the Company or a Subsidiary or the acquisition by the Company or a Subsidiary of property or shares of the Acquired Entity immediately prior to such merger, consolidation or acquisition in order to preserve for the Grantee the economic value of all or a portion of such Acquired Entity Award at such price as the Committee determines necessary to achieve preservation of economic value. The limitations in Section 4.1(a) on the number of Shares reserved or available for grants shall not apply to Substitute Awards granted under this Section 5.6(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 <u>Compliance with Rule 16b-3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Six-Month Holding Period Advice</u>. Unless a Grantee could otherwise dispose of or exercise a derivative security or dispose of Shares issued under the Plan without incurring liability under Section 16(b) of the Exchange Act, the Committee may advise or require a Grantee to comply with the following in order to avoid incurring liability under Section 16(b) of the Exchange Act: (i) at least six months must elapse from the date of acquisition of a derivative security under the Plan to the date of disposition of the derivative security (other than upon exercise or conversion) or its underlying equity security, and (ii) Shares granted or awarded under the Plan other than upon exercise or conversion of a derivative security must be held for at least six months from the date of grant of an Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Reformation to Comply with Exchange Act Rules</u>. To the extent the Committee determines that a grant or other transaction by a Section 16 Person should comply with applicable provisions of Rule 16b-3 (except for transactions exempted under alternative Exchange Act rules), the Committee shall take such actions as necessary to make such grant or other transaction so comply, and if any provision of this Plan or any Award Agreement relating to a given Award does not comply with the requirements of Rule 16b-3 as then applicable to any such grant or transaction, such provision will be construed or deemed amended, if the Committee so determines, to the extent necessary to conform to the then applicable requirements of Rule 16b-3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Rule 16b-3 Administration</u>. Any function relating to a Section 16 Person shall be performed solely by the Committee or the Board if necessary to ensure compliance with applicable requirements of Rule 16b-3, to the extent the Committee determines that such compliance is desired. Each member of the Committee or person acting on behalf of the Committee shall be entitled to, in good faith, rely or act upon any report or other information furnished to him by any officer, manager or other employee of the Company or any Subsidiary, the Company's independent certified public accountants or any executive compensation consultant or attorney or other professional retained by the Company to assist in the administration of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8 <u>Deferral of Award Payouts</u>. The Committee may permit a Grantee to defer, or if and to the extent specified in an Award Agreement require the Grantee to defer, receipt of the payment of cash or the delivery of Shares that would otherwise be due by virtue of the lapse or waiver of restrictions with respect to Restricted Share Units, the satisfaction of any requirements or goals with respect to Performance Share Units or Performance Shares, the lapse or waiver of the deferral period for Deferred Shares, or the lapse or waiver of restrictions with respect to Other Share-Based Awards or Cash Incentive Awards. If the Committee permits such deferrals, the Committee shall establish rules and procedures for making such deferral elections and for the payment of such deferrals. Except as otherwise provided in an Award Agreement, any payment or any Shares that are subject to such deferral shall be made or delivered to the Grantee as specified in the Award Agreement or pursuant to the Grantee's deferral election.

**Article 6.**

**Share Options**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>Grant of Options</u>. Subject to and consistent with the provisions of the Plan, Options may be granted to any Eligible Person in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <u>Award Agreement</u>. Each Option grant shall be evidenced by an Award Agreement that shall specify the Exercise Price, the Term of the Option, the number of Shares to which the Option pertains, the time or times at which such Option shall be exercisable and such other provisions as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 <u>Option Exercise Price</u>. The Exercise Price of an Option under this Plan shall be determined in the sole discretion of the Committee but may not be less than 100% of the Fair Market Value of a Share on the Grant Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 <u>Grant of Incentive Share Options</u>. At the time of the grant of any Option, the Committee may in its discretion designate that such Option shall be made subject to additional restrictions to permit it to qualify as an Incentive Share Option. Any Option designated as an Incentive Share Option:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) shall be granted only to an employee of the Company or a Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) shall have an Exercise Price of not less than 100% of the Fair Market Value of a Share on the Grant Date, and, if granted to a person who owns Shares (including Shares treated as owned under Section 424(d) of the Code) possessing more than 10% of the total combined voting power of all classes of shares of the Company or any Subsidiary (a "More Than 10% Owner"), have an Exercise Price not less than 110% of the Fair Market Value of a Share on its Grant Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) shall be for a period of not more than 10 years (five years if the Grantee is a More Than 10% Owner) from its Grant Date, and shall be subject to earlier termination as provided herein or in the applicable Award Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) shall not have an aggregate Fair Market Value (as of the Grant Date) of the Shares with respect to which Incentive Share Options (whether granted under the Plan or any other share option plan of the Grantee's employer or any parent or Subsidiary ("Other Plans")) are exercisable for the first time by such Grantee during any calendar year ("Current Grant"), determined in accordance with the provisions of Section 422 of the Code, which exceeds US$100,000 (the "$100,000 Limit");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) shall, if the aggregate Fair Market Value of the Shares (determined on the Grant Date) with respect to the Current Grant and all Incentive Share Options previously granted under the Plan and any Other Plans which are exercisable for the first time during a calendar year ("Prior Grants") would exceed the $100,000 Limit, be, as to the portion in excess of the $100,000 Limit, exercisable as a separate option that is not an Incentive Share Option at such date or dates as are provided in the Current Grant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) shall require the Grantee to notify the Committee of any disposition of any Shares issued pursuant to the exercise of the Incentive Share Option under the circumstances described in Section 421(b) of the Code (relating to holding periods and certain disqualifying dispositions) ("Disqualifying Disposition") within 10 days of such a Disqualifying Disposition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) shall by its terms not be assignable or transferable other than by will or the laws of descent and distribution and may be exercised, during the Grantee's lifetime, only by the Grantee; provided, however, that the Grantee may, to the extent provided in the Plan in any manner specified by the Committee, designate in writing a beneficiary to exercise his or her Incentive Share Option after the Grantee's death; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) shall, if such Option nevertheless fails to meet the foregoing requirements, or otherwise fails to meet the requirements of Section 422 of the Code for an Incentive Share Option, be treated for all purposes of this Plan, except as otherwise provided in subsections (d) and (e) above, as an Option that is not an Incentive Share Option.

Notwithstanding the foregoing and Section 3.2, the Committee may, without the consent of the Grantee, at any time before the exercise of an Option (whether or not an Incentive Share Option), take any action necessary to prevent such Option from being treated as an Incentive Share Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 <u>Payment of Exercise Price</u>. Except as otherwise provided in an Award Agreement, Options shall be exercised by the delivery of a written notice of exercise to the Company, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares made by any one or more of the following means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) cash, personal check or wire transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with the approval of the Committee, delivery of Shares owned by the Grantee prior to exercise, valued at Fair Market Value on the date of exercise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) with the approval of the Committee, Shares acquired upon the exercise of such Option, such Shares valued at Fair Market Value on the date of exercise;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) with the approval of the Committee, Restricted Shares held by the Grantee prior to the exercise of the Option, valued at Fair Market Value on the date of exercise; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) subject to Applicable Law (including the prohibited loan provisions of Section 402 of the Sarbanes Oxley Act of 2002 if applicable), through the sale of the Shares acquired on exercise of the Option through a broker-dealer to whom the Grantee has submitted an irrevocable notice of exercise and irrevocable instructions to deliver promptly to the Company the amount of sale proceeds sufficient to pay for such Shares, together with, if requested by the Company, the amount of federal, state, local or foreign withholding taxes payable by Grantee by reason of such exercise.

The Committee may in its discretion specify that, if any Restricted Shares ("Tendered Restricted Shares") are used to pay the Exercise Price, (x) all the Shares acquired on exercise of the Option shall be subject to the same restrictions as the Tendered Restricted Shares, determined as of the date of exercise of the Option, or (y) a number of Shares acquired on exercise of the Option equal to the number of Tendered Restricted Shares shall be subject to the same restrictions as the Tendered Restricted Shares, determined as of the date of exercise of the Option.

**Article 7.**

**Share Appreciation Rights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Issuance</u>. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time to time, may grant SARs to any Eligible Person either alone or in addition to other Awards granted under the Plan. Such SARs may, but need not, be granted in connection with a specific Option granted under Article 6. The Committee may impose such conditions or restrictions on the exercise of any SAR as it shall deem appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Award Agreements</u>. Each SAR grant shall be evidenced by an Award Agreement in such form as the Committee may approve and shall contain such terms and conditions not inconsistent with other provisions of the Plan as shall be determined from time to time by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>SAR Exercise Price</u>. The Exercise Price of a SAR shall be determined by the Committee in its sole discretion; provided that the Exercise Price shall not be less than 100% of the Fair Market Value of a Share on the date of the grant of the SAR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 <u>Exercise and Payment</u>. Upon the exercise of an SAR, a Grantee shall be entitled to receive payment from the Company in an amount determined by multiplying:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The excess of the Fair Market Value of a Share on the date of exercise over the Exercise Price; by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The number of Shares with respect to which the SAR is exercised.

SARs shall be deemed exercised on the date written notice of exercise in a form acceptable to the Committee is received by the Company. The Company shall make payment in respect of any SAR within five (5) days of the date the SAR is exercised. Any payment by the Company in respect of a SAR may be made in cash, Shares, other property, or any combination thereof, as the Committee, in its sole discretion, shall determine or, to the extent permitted under the terms of the applicable Award Agreement, at the election of the Grantee.

**Article 8.**

**Restricted Shares**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Grant of Restricted Shares</u>. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time to time, may grant Restricted Shares to any Eligible Person in such amounts as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Award Agreement</u>. Each grant of Restricted Shares shall be evidenced by an Award Agreement that shall specify the Period(s) of Restriction, the number of Restricted Shares granted, and such other provisions as the Committee shall determine. The Committee may impose such conditions and/or restrictions on any Restricted Shares granted pursuant to the Plan as it may deem advisable, including restrictions based upon the achievement of specific performance goals, time-based restrictions on vesting following the attainment of the performance goals, and/or restrictions under applicable securities laws; provided that such conditions and/or restrictions may lapse, if so determined by the Committee, in the event of the Grantee's Termination of Affiliation due to death, Disability, or involuntary termination by the Company or a Subsidiary without Cause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Consideration for Restricted Shares</u>. The Committee shall determine the amount, if any, that a Grantee shall pay for Restricted Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Effect of Forfeiture</u>. If Restricted Shares are forfeited, and if the Grantee was required to pay for such shares or acquired such Restricted Shares upon the exercise of an Option, the Grantee shall be deemed to have resold such Restricted Shares to the Company at a price equal to the lesser of (x) the amount paid by the Grantee for such Restricted Shares, or (y) the Fair Market Value of a Share on the date of such forfeiture. The Company shall pay to the Grantee the deemed sale price as soon as is administratively practical. Such Restricted Shares shall cease to be outstanding and shall no longer confer on the Grantee thereof any rights as a shareholder of the Company, from and after the date of the event causing the forfeiture, whether or not the Grantee accepts the Company's tender of payment for such Restricted Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Escrow; Legends</u>. The Committee may provide that the certificates (if any) for any Restricted Shares (x) shall be held (together with a share transfer power executed in blank by the Grantee) in escrow by the Company until such Restricted Shares become non-forfeitable or are forfeited and/or (y) shall bear an appropriate legend restricting the transfer of such Restricted Shares under the Plan. If any Restricted Shares become non-forfeitable, the Company shall cause certificates (if any) for such shares to be delivered without such legend.

**Article 9.**

**Performance Share Units and Performance Shares**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Grant of Performance Share Units and Performance Shares</u>. Subject to and consistent with the provisions of the Plan, Performance Share Units or Performance Shares may be granted to any Eligible Person in such amounts and upon such terms, and at any time and from time to time, as shall be determined by the Committee. The Committee shall have the authority, at the time of grant of any Award under this Plan, to designate such Award as an Award intended to qualify as "performance-based compensation" under Section 162(m) of the Code. The Committee shall also have the authority to make an award of a cash bonus to any Grantee and designate such Award as an Award intended to qualify as "performance-based compensation" under Section 162(m) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Value/Performance Goals</u>. The Committee shall set performance goals in its discretion which, depending on the extent to which they are met, will determine the number or value of Performance Units or Performance Shares that will be paid to the Grantee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Performance Unit</u>. Each Performance Unit shall have an initial value that is established by the Committee at the time of grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Performance Share</u>. Each Performance Share shall have an initial value equal to the Fair Market Value of a Share on the date of grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 <u>Earning of Performance Share Units and Performance Shares</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) After the applicable Performance Period has ended, the holder of Performance Units or Performance Shares shall be entitled to payment based on the level of achievement of performance goals set by the Committee. In determining the actual amount of an individual Grantee's performance compensation Award for a Performance Period, the Committee may reduce or eliminate the amount of the performance compensation Award earned during the Performance Period through the use of negative discretion (consistent with Section 162(m) of the Code) if, in its sole judgment, such reduction or elimination is appropriate. The Committee shall not have the discretion, except as is otherwise provided in this Plan, to (A) grant or provide payment in respect of performance compensation Awards for a Performance Period if the performance goals for such Performance Period have not been attained; or (B) increase a performance compensation Award above the applicable overall share issuance limitations set forth in this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The performance criteria that will be used to establish the performance goal(s) required to be achieved for the vesting of Performance Share Units or Performance Shares shall be based on the attainment of specific levels of performance of the Company and/or one or more Affiliates, divisions or operational units, or any combination of the foregoing, as determined by the Committee, which criteria will be based on one or more of the following business criteria or any combination thereof: (i) revenue; (ii) sales; (iii) profit (net profit, gross profit, operating profit, economic profit, profit margins or other corporate profit measures); (iv) earnings (EBIT, EBITDA, earnings per share, or other corporate earnings measures); (v) net income (before or after taxes, operating income or other income measures); (vi) cash (cash flow, cash generation or other cash measures); (vii) share price or performance; (viii) total shareholder return (share price appreciation plus reinvested dividends divided by beginning share price); (ix) economic value added; (x) return measures (including, but not limited to, return on assets, capital, equity, investments or sales, and cash flow return on assets, capital, equity, or sales); (xi) market share; (xii) improvements in capital structure; (xiii) expenses (expense management, expense ratio, expense efficiency ratios or other expense measures); (xiv) business expansion or consolidation (acquisitions and divestitures); (xv) internal rate of return or increase in net present value; (xvi) working capital targets relating to inventory and/or accounts receivable; (xvii) inventory management; (xviii) service or product delivery or quality; (xix) employee retention; (xx) safety standards; (xxi) productivity measures; (xxii) cost reduction measures; and/or (xxiii) strategic plan development and implementation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) At the discretion of the Committee, the settlement of Performance Share Units or Performance Shares may be in cash, Shares of equivalent value, or in some combination thereof, as set forth in the Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If a Grantee is promoted, demoted or transferred to a different business unit of the Company during a Performance Period, then, to the extent the Committee determines that the Award, the performance goals, or the Performance Period are no longer appropriate, the Committee may adjust, change, eliminate or cancel the Award, the performance goals, or the applicable Performance Period, as it deems appropriate in order to make them appropriate and comparable to the initial Award, the performance goals, or the Performance Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) At the discretion of the Committee, a Grantee may be entitled to receive any dividends or Dividend Equivalents declared with respect to Shares issuable in connection with vested Performance Shares which have been earned, but not yet issued to the Grantee.

**Article 10.**

**Deferred Shares and Restricted Share Units**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 <u>Grant of Deferred Shares and Restricted Share Units</u>. Subject to and consistent with the provisions of the Plan, the Committee, at any time and from time to time, may grant Deferred Shares and/or Restricted Share Units to any Eligible Person, in such amount and upon such terms as the Committee shall determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 <u>Vesting and Delivery</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Deferred Shares</u>. Delivery of Shares subject to a Deferred Shares grant will occur upon expiration of the deferral period or upon the occurrence of one or more of the distribution events described in Section 409A(a)(2) of the Code as specified by the Committee in the Grantee's Award Agreement for the Award of Deferred Shares. An Award of Deferred Shares may be subject to such substantial risk of forfeiture conditions as the Committee may impose, which conditions may lapse at such times or upon the achievement of such objectives as the Committee shall determine at the time of grant or thereafter. Unless otherwise determined by the Committee, to the extent that the Grantee has a Termination of Affiliation while the Deferred Shares remains subject to a substantial risk of forfeiture, such Deferred Shares shall be forfeited, unless the Committee determines that such substantial risk of forfeiture shall lapse in the event of the Grantee's Termination of Affiliation due to death, Disability, or involuntary termination by the Company or a Subsidiary without "cause."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Restricted Share Units</u>. Delivery of Shares subject to a grant of Restricted Share Units will occur upon the expiration of the period during which the Restricted Share Units are subject to a substantial risk of forfeiture. Unless otherwise determined by the Committee, to the extent that the Grantee has a Termination of Affiliation while the Restricted Share Units remains subject to a substantial risk of forfeiture, such Restricted Share Units shall be forfeited, unless the Committee determines that such substantial risk of forfeiture shall lapse in the event of the Grantee's Termination of Affiliation due to death, Disability, or involuntary termination by the Company or a Subsidiary without "cause."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 Voting and Dividend Equivalent Rights Attributable to Deferred Shares and Restricted Share Units. A Grantee awarded Deferred Shares or Restricted Share Units will have no voting rights with respect to such Deferred Shares or Restricted Share Units prior to the delivery of Shares in settlement of such Deferred Shares and/or Restricted Share Units. Unless otherwise determined by the Committee, a Grantee will have the rights to receive Dividend Equivalents in respect of Deferred Shares and/or Restricted Share Units, which Dividend Equivalents shall be deemed reinvested in additional Shares of Deferred Shares or Restricted Share Units, as applicable, which shall remain subject to the same forfeiture conditions applicable to the Deferred Shares or Restricted Share Units to which such Dividend Equivalents relate.

**Article 11.**

**Dividend Equivalents**

The Committee is authorized to grant Awards of Dividend Equivalents alone or in conjunction with other Awards. The Committee may provide that Dividend Equivalents shall be paid or distributed when accrued or shall be deemed to have been reinvested in additional Shares or additional Awards or otherwise reinvested subject to distribution at the same time and subject to the same conditions as the Award to which it relates; provided, however, that any Dividend Equivalents granted in conjunction with any Award that is subject to forfeiture conditions shall remain subject to the same forfeiture conditions applicable to the Award to which such Dividend Equivalents relate and any payments in respect of any Dividend Equivalents granted in conjunction with any Options or SARs may not be conditioned, directly or indirectly, on the Grantee's exercise of the Options or SARs or paid at the same time that the Options or SARs are exercised.

**Article 12.**

**Bonus Shares**

Subject to the terms of the Plan, the Committee may grant Bonus Shares to any Eligible Person, in such amount and upon such terms and at any time and from time to time as shall be determined by the Committee.

**Article 13.**

**Other Share-Based Awards**

The Committee is authorized, subject to limitations under Applicable Law, to grant such other Awards that are denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Shares, as deemed by the Committee to be consistent with the purposes of the Plan, including Shares awarded which are not subject to any restrictions or conditions, convertible or exchangeable debt securities or other rights convertible or exchangeable into Shares, and Awards valued by reference to the value of securities of or the performance of specified Subsidiaries. Subject to and consistent with the provisions of the Plan, the Committee shall determine the terms and conditions of such Awards. Except as provided by the Committee, Shares issued pursuant to a purchase right granted under this Article 13 shall be purchased for such consideration, paid for by such methods and in such forms, including cash, Shares, outstanding Awards or other property, as the Committee shall determine.

**Article 14.**

**Non-Employee Director Awards**

Subject to the terms of the Plan, the Board may grant Awards to any Non-Employee Director, in such amount and upon such terms and at any time and from time to time as shall be determined by the full Board in its sole discretion. Except as otherwise provided in Section 5.6(b), a Non-Employee Director may not be granted Awards with respect to Shares that have a Fair Market Value (determined as of the date of grant) in excess of US$1,000,000 in a single calendar year.

**Article 15.**

**Amendment, Modification, and Termination**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1 <u>Amendment, Modification, and Termination</u>. Subject to Section 15.2, the Board may, at any time and from time to time, alter, amend, suspend, discontinue or terminate the Plan in whole or in part without the approval of the Company's shareholders, except that (a) any amendment or alteration shall be subject to the approval of the Company's shareholders if such shareholder approval is required by any federal or state law or regulation or the rules of any stock exchange or automated quotation system on which the Shares may then be listed or quoted, and (b) the Board may otherwise, in its discretion, determine to submit other such amendments or alterations to shareholders for approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2 <u>Awards Previously Granted</u>. Except as otherwise specifically permitted in the Plan or an Award Agreement, no termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan, without the written consent of the Grantee of such Award.

**Article 16.**

**Compliance with Code Section 409A**

The Plan and all Awards granted hereunder are intended to comply with, or otherwise be exempt from, the requirements of Section 409A of the Code. The Plan and all Awards granted under this Plan shall be administered, interpreted, and construed in a manner consistent with Section 409A of the Code to the extent necessary to avoid the imposition of additional taxes under Section 409A(a)(1)(B) of the Code. To the extent that the Committee determines that any Award is subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A of the Code and U.S. Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of the Plan or any Award Agreement to the contrary, if the Committee determines that any Award may be subject to Section 409A of the Code, the Committee may adopt such amendments to the Plan and each applicable Award Agreement as the Committee determines necessary or appropriate to (a) exempt the Award from Section 409A of the Code, or (b) comply with the requirements of Section 409A of the Code and related U.S. Department of Treasury guidance.

**Article 17.**

**Withholding**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.1 <u>Required Withholding</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Committee in its sole discretion may provide that when taxes under any Applicable Law are to be withheld in connection with the exercise of an Option or SAR, or upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, or upon payment of any other benefit or right under this Plan (the date on which such exercise occurs or such restrictions lapse or such payment of any other benefit or right occurs hereinafter referred to as the "Tax Date"), the Grantee may elect to make payment for the withholding of taxes under Applicable Law, including without limitation United States federal, state and local taxes, including Social Security and Medicare ("FICA") taxes, by one or a combination of the following methods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) payment of an amount in cash equal to the amount to be withheld (including cash obtained through the sale of the Shares acquired on exercise of an Option or SAR, upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, through a broker-dealer to whom the Grantee has submitted an irrevocable instructions to deliver promptly to the Company, the amount to be withheld);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) delivering part or all of the amount to be withheld in the form of Shares valued at its Fair Market Value on the Tax Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) requesting the Company to withhold from those Shares that would otherwise be received upon exercise of the Option or SAR, upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, a number of Shares having a Fair Market Value on the Tax Date equal to the amount to be withheld; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) withholding from any compensation otherwise due to the Grantee.

The Committee shall provide that the amount of tax withholding upon exercise of an Option or SARs, upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, to be satisfied by withholding Shares upon exercise of such Option or SAR, upon the lapse of restrictions on Restricted Shares, or upon the transfer of Shares, pursuant to clause (iii) above shall not exceed the maximum amount of taxes, including FICA taxes, required to be withheld under federal, state and local law. An election by Grantee under this subsection is irrevocable. Any fractional share amount and any additional withholding not paid by the withholding or surrender of Shares must be paid in cash. If no timely election is made, the Grantee must deliver cash to satisfy all tax withholding requirements.

**(**b) Any Grantee who makes a Disqualifying Disposition (as defined in Section 6.4(f)) or an election under Section 83(b) of the Code shall remit to the Company an amount sufficient to satisfy all resulting tax withholding requirements in the same manner as set forth in subsection (a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2 <u>Notification under Code Section 83(b)</u>. If the Grantee, in connection with the exercise of any Option, or the grant of Restricted Shares, makes the election permitted under Section 83(b) of the Code to include in such Grantee's gross income in the year of transfer the amounts specified in Section 83(b) of the Code, then such Grantee shall notify the Company of such election within 10 days of filing the notice of the election with the Internal Revenue Service, in addition to any filing and notification required pursuant to regulations issued under Section 83(b) of the Code. The Committee may, in connection with the grant of an Award or at any time thereafter, prohibit a Grantee from making the election described above.

**Article 18.**

**Additional Provisions**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1 <u>Successors</u>. Subject to Section 4.2(b), all obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise of all or substantially all of the business and/or assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2 <u>Severability</u>. If any part of the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any other part of the Plan. Any Section or part of a Section so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.3 <u>Requirements of Law</u>. The granting of Awards and the delivery of Shares under the Plan shall be subject to all Applicable Law, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. Notwithstanding any provision of the Plan or any Award, Grantees shall not be entitled to exercise, or receive benefits under, any Award, and the Company (and any Subsidiary) shall not be obligated to deliver any Shares or deliver benefits to a Grantee, if such exercise or delivery would constitute a violation by the Grantee or the Company of any Applicable Law or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.4 <u>Securities Law Compliance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Committee deems it necessary to comply with any applicable securities law, or the requirements of any stock exchange upon which Shares may be listed, the Committee may impose any restriction on Awards or Shares acquired pursuant to Awards under the Plan as it may deem advisable. In addition, if requested by the Company and any underwriter engaged by the Company, Shares acquired pursuant to Awards may not be sold or otherwise transferred or disposed of for such period following the effective date of any registration statement of the Company filed under the Securities Act as the Company or such underwriter shall specify reasonably and in good faith, not to exceed 180 days in the case of the Company's initial public offering or 90 days in the case of any other public offering. All certificates (if any) for Shares issued under the Plan pursuant to any Award or the exercise thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the SEC, any stock exchange upon which Shares are then listed, any applicable securities law, and the Committee may cause a legend or legends to be put on any such certificates (if any) to make appropriate reference to such restrictions. If so requested by the Company, the Grantee shall make a written representation to the Company that he or she will not sell or offer to sell any Shares unless a registration statement shall be in effect with respect to such Shares under the Securities Act of 1933, as amended, and any applicable state securities law or unless he or she shall have furnished to the Company, in form and substance satisfactory to the Company, that such registration is not required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Committee determines that the exercise or non-forfeitability of, or delivery of benefits pursuant to, any Award would violate any applicable provision of securities laws or the listing requirements of any national securities exchange or national market system on which are listed any of the Company's equity securities, then the Committee may postpone any such exercise, non-forfeitability or delivery, as applicable, but the Company shall use all reasonable efforts to cause such exercise, non-forfeitability or delivery to comply with all such provisions at the earliest practicable date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.5 <u>Forfeiture Events</u>. Notwithstanding any provisions herein to the contrary, the Committee shall have the authority to provide in any Award Agreement that a Grantee's (including his or her estate's, beneficiary's or transferee's) rights (including the right to exercise any Option or SAR), payments and benefits with respect to any Award shall be subject to reduction, cancellation, forfeiture or recoupment (to the extent permitted by Applicable Law) in the event of the Participant's termination for Cause; serious misconduct; violation of the Company's or a Subsidiary's policies; breach of fiduciary duty; unauthorized disclosure of any trade secret or confidential information of the Company or a Subsidiary; breach of applicable non-competition, non-solicitation, confidentiality or other restrictive covenants; or other conduct or activity that is in competition with the business of the Company or a Subsidiary, or otherwise detrimental to the business, reputation or interests of the Company and/or a Subsidiary; or upon the occurrence of certain events specified in the applicable Award Agreement (in any such case, whether or not the Grantee is then an Employee or Non-Employee Director). The determination of whether a Grantee's conduct, activities or circumstances are described in the immediately preceding sentence shall be made by the Committee in its discretion, and pending any such determination, the Committee shall have the authority to suspend the exercise, payment, delivery or settlement of all or any portion of such Grantee's outstanding Awards pending any investigation of the matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.6 <u>No Rights as a Shareholder</u>. No Grantee shall have any rights as a shareholder of the Company with respect to the Shares (other than Restricted Shares) which may be deliverable upon exercise or payment of such Award until such Shares have been delivered to him or her. Restricted Shares, whether held by a Grantee or in escrow by the Company, shall confer on the Grantee all rights of a shareholder of the Company, except as otherwise provided in the Plan or Award Agreement. At the time of a grant of Restricted Shares, the Committee may require the payment of cash dividends thereon to be deferred and, if the Committee so determines, reinvested in additional Restricted Shares. Share dividends and deferred cash dividends issued with respect to Restricted Shares shall be subject to the same restrictions and other terms as apply to the Restricted Shares with respect to which such dividends are issued. The Committee may in its discretion provide for payment of interest on deferred cash dividends.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.7 <u>Nature of Payments</u>. Unless otherwise specified in the Award Agreement, Awards shall be special incentive payments to the Grantee and shall not be taken into account in computing the amount of salary or compensation of the Grantee for purposes of determining any pension, retirement, death or other benefit under (a) any pension, retirement, profit sharing, bonus, insurance or other employee benefit plan of the Company or any Subsidiary, except as such plan shall otherwise expressly provide, or (b) any agreement between (i) the Company or any Subsidiary and (ii) the Grantee, except as such agreement shall otherwise expressly provide.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.8 <u>Non-Exclusivity of Plan</u>. Neither the adoption of the Plan by the Board nor its submission to the shareholders of the Company for approval shall be construed as creating any limitations on the power of the Board to adopt such other compensatory arrangements for employees or Non-Employee Directors as it may deem desirable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.9 <u>Governing Law</u>. The Plan is governed by and construed in accordance with, the laws of Nevada. The courts of New York and the courts of appeal from them shall have non-exclusive jurisdiction to determine any disputes which may arise out of or in connection with this Plan, accordingly, any legal action or proceedings arising out of or in connection with this Plan may be brought in those courts, but without prejudice to the right of the Company or any Grantee to bring proceedings in any other appropriate jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.10 <u>Unfunded Status of Awards; Creation of Trusts</u>. The Plan is intended to constitute an "unfunded" plan for incentive and deferred compensation. With respect to any payments not yet made to a Grantee pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give any such Grantee any rights that are greater than those of a general creditor of the Company; provided, however, that the Committee may authorize the creation of trusts or make other arrangements to meet the Company's obligations under the Plan to deliver cash, Shares or other property pursuant to any Award which trusts or other arrangements shall be consistent with the "unfunded" status of the Plan unless the Committee otherwise determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.11 <u>Affiliation</u>. Nothing in the Plan or an Award Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate any Grantee's employment or consulting contract at any time, nor confer upon any Grantee the right to continue in the employ of or as an officer of or as a consultant to or Non-Employee Director of the Company or any Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.12 <u>Participation</u>. No employee or officer shall have the right to be selected to receive an Award under this Plan or, having been so selected, to be selected to receive a future Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.13 <u>Construction</u>. The following rules of construction will apply to the Plan: (a) the word "or" is disjunctive but not necessarily exclusive, (b) "including" (and with correlative meaning "include") means including without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by the words "without limitation", and (c) words in the singular include the plural, words in the plural include the singular, and words in the neuter gender include the masculine and feminine genders and words in the masculine or feminine gender include the other neuter genders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.14 <u>Headings</u>. The headings of articles and sections are included solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.15 <u>Obligations</u>. Unless otherwise specified in the Award Agreement, the obligation to deliver, pay or transfer any amount of money or other property pursuant to Awards under this Plan shall be the sole obligation of a Grantee's employer; provided that the obligation to deliver or transfer any Shares pursuant to Awards under this Plan shall be the sole obligation of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.16 <u>No Right to Continue as Director</u>. Nothing in the Plan or any Award Agreement shall confer upon any Non-Employee Director the right to continue to serve as a director of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.17 <u>Shareholder Approval</u>. All Incentive Share Options granted on or after the Effective Date and prior to the date the Company's shareholders approve the Plan are expressly conditioned upon and subject to approval of the Plan by the Company's shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.18 <u>Forfeiture of Shares</u>. Any forfeiture of Shares described in this Plan will take effect as a surrender for no consideration of such Shares as a matter of Nevada law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.19 <u>Share Issuances</u>. The allotment and issuance of Shares pursuant to the terms of this Plan following the exercise of an Option shall be subject to the Amended and Restated Memorandum and Articles of Association of the Company. Shares shall not in fact be allotted and issued (or repurchased or forfeited) until the time at which the Grantee's name (and number of Shares to be allotted and issued) is entered on the Company's Register of Members (or the existing entry is updated to reflect the repurchase or forfeiture) (the register being prima facie evidence of legal title to Shares).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.20 <u>No Dividends on Unvested Awards</u>. Notwithstanding anything in this Plan to the contrary, in no event shall the Board or the Committee approve the payment of any dividend by the Company on unvested Awards.

## Exhibit 23.1

**Exhibit 23.1**

**<u>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</u>**

We hereby consent to the incorporation in this Registration Statement on Form S-1 of our report dated March 17, 2025, of Gameverse Interactive Corp, relating to the audit of the financial statements as of December 31, 2024 and 2023, and for the periods then ended, and the reference to our firm under the caption "Experts" in the Registration Statement.

---

| |
|:---|
| */s/ M&K CPA's, PLLC* |
| The Woodlands, TX |
| February 10, 2026  |

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## Exhibit 99.1

**Exhibit 99.1**

**Audit Committee Charter of Gameverse Interactive Corp.**

*Adopted: August 22, 2025* 

 

**1. PURPOSE**

The primary function of the Audit Committee is to assist the Board of Directors in fulfilling its oversight responsibilities by reviewing: the financial reports and other financial information provided by the Corporation to any governmental body or the public; the Corporation's systems of internal controls regarding finance, accounting, legal compliance and ethics that management and the Board have established; and the Corporation's auditing, accounting and financial reporting processes generally. Consistent with this function, the Audit Committee should encourage continuous improvement of, and should foster adherence to, the Corporation's policies, procedures and practices at all levels. The Audit Committee's primary duties and responsibilities are to:

● Serve as an independent and objective party to monitor the Corporation's financial reporting process and internal control systems.

● Review and appraise the audit efforts of the Corporation's independent accountants and internal auditing function (or the efforts of the outsourced internal audit service provider, if applicable).

● Provide an open avenue of communication among the independent accountants, financial and senior management, the internal auditing function, and the Board of Directors.

The Audit Committee will primarily fulfill these responsibilities by carrying out the activities enumerated in Section IV of this Charter.

**II. COMPOSITION**

The Audit Committee shall be comprised of three or more, but no more than five, independent directors, as defined by CBOE listing standards and free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Committee. All members of the Committee shall have a working familiarity with basic finance and accounting practices, and at least one member of the Committee shall have accounting or related financial management expertise and be considered a Qualified Financial Expert as defined by the CBOE. Committee members may enhance their familiarity with finance and accounting by participating in educational programs conducted by the Corporation or an outside consultant.

The members of the Committee shall be elected by the Board at the annual organizational meeting of the Board or until their successors shall be duly elected and qualified. Unless a chair is elected by the full Board, the members of the committee may designate a Chair by majority vote of the full Committee membership.

**III. MEETINGS**

The committee shall meet at least four times annually, or more frequently as circumstances dictate. As part of its job to foster open communication, the Committee should meet at least annual with management, the director of the internal auditing function and the independent accountants in separate executive sessions to discuss any matters that the Committee or each of these groups believe should be discussed privately. In addition, the Committee or at least its Chair should communicate with the independent accountants and management quarterly to review the Corporation's financials consistent with IV.4 below. A majority of the whole authorized number of members of the Committee shall be necessary to constitute a quorum for a meeting.

**IV. RESPONSIBILITIES AND DUTIES**

To fulfill its responsibilities and duties the Audit Committee shall:

<u>Documents/Reports Review</u>

&nbsp;&nbsp;&nbsp;&nbsp;1. Review
 and update this Charter and Company accounting policies periodically, at least annually,
 as conditions dictate, and submit to the Board of Directors for their approval the Audit
 Committee Charter and Audit Policy Document.

&nbsp;&nbsp;&nbsp;&nbsp;2. Review
 the organization's annual financial statements and any reports or other financial information
 submitted to any governmental body, or the public, including any certification, report, opinion,
 or review rendered by the Company's independent auditors.

&nbsp;&nbsp;&nbsp;&nbsp;3. Review
 the regular internal reports prepared by the Chief Financial Officer.

&nbsp;&nbsp;&nbsp;&nbsp;4. Review
 with financial management and the independent accountants the 10-Q prior to its filing or
 prior to the release of earnings. The Chair of the Committee may represent the entire Committee
 for purposes of this review.

&nbsp;&nbsp;&nbsp;&nbsp;5. Review
 annually the department budget if one is deemed needed.

&nbsp;&nbsp;&nbsp;&nbsp;6. Review
 periodically audit activity, including adherence to the internal audit plan and review management's
 resolution of audit findings.

&nbsp;&nbsp;&nbsp;&nbsp;7. Review
 with the Chief Financial Officer, as is appropriate, material transactions originating from
 director, director-related enterprises, and officer loans.

&nbsp;&nbsp;&nbsp;&nbsp;8. Review
 with management the extent and adequacy of property and liability insurance coverage, and
 the security program.

&nbsp;&nbsp;&nbsp;&nbsp;9. On
 a timely basis, report to the full Board, on the effectiveness of the Bank's overall
 control system and audit program and any matters relating to policy which require their attention.

&nbsp;&nbsp;&nbsp;&nbsp;10. Review,
 at least annually the "structure, management, staffing and audit quality of the internal
 audit function." (if applicable).

<u>Independent Accountants</u>

&nbsp;&nbsp;&nbsp;&nbsp;11. Select
 the independent accountants, who are accountable to the Board and to the Audit Committee
 as representatives of the shareholders, considering independence and effectiveness and approve
 the fees and other compensation to be paid to the independent accountants. On an annual basis,
 the Committee should review and discuss with the accountants all significant relationships
 the accountants have with the Corporation to determine the accountants' independence .
 The independent auditor will report directly to the audit committee.

&nbsp;&nbsp;&nbsp;&nbsp;12. Review
 the performance of the independent accountants and approve any proposed discharge of the
 independent accountants when circumstances warrant.

&nbsp;&nbsp;&nbsp;&nbsp;13. Periodically
 consult with the independent accountants out of the presence of management about internal
 controls and the fullness and accuracy of the organization's financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;14. This
 Committee will actively engage the outside auditors in a dialogue regarding independence.

<u>Financial Reporting Processes</u>

&nbsp;&nbsp;&nbsp;&nbsp;15. In
 consultation with the independent accountants and the internal auditors, review the integrity
 of the organization's financial reporting processes, both internal and external.

&nbsp;&nbsp;&nbsp;&nbsp;16. Consider
 the independent accountants' judgments about the quality and appropriateness of the
 Corporation's accounting principles as applied in its financial reporting.

&nbsp;&nbsp;&nbsp;&nbsp;17. Consider
 and approve, if appropriate, major changes to the Corporation's auditing and accounting
 principles and practices as suggested by the independent accountants, management, or the
 internal auditing function.

<u>Process Improvement</u>

&nbsp;&nbsp;&nbsp;&nbsp;18. Establish
 regular and separate systems of reporting to the Audit Committee by each of management, the
 independent accountants and the internal auditors regarding any significant judgments made
 in management's preparation of the financial statements and the view of each as to
 appropriateness of such judgments.

&nbsp;&nbsp;&nbsp;&nbsp;19. Following
 the completion of the annual audit, review separately with each of management, the independent
 accountants and the internal auditing department any significant difficulties encountered
 during the course of the audit, including any restrictions on the scope of work or access
 to required information.

&nbsp;&nbsp;&nbsp;&nbsp;20. Review
 any significant disagreement among the management and the independent accountants or the
 internal auditing function in connection with the preparation of the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;21. Review
 with the independent accountants, the internal auditing function and management the extent
 to which changes or improvements in financial or accounting practices, as approved by the
 Audit Committee, have been implemented. (This review should be conducted at an appropriate
 time subsequent to implementation of changes or improvements, as decided by the Committee.)

<u>Ethical and Legal Compliance</u>

&nbsp;&nbsp;&nbsp;&nbsp;22. Review
 management's monitoring of the Corporation's compliance with the organization's
 Ethical Code, and ensure that management has the proper review system in place to ensure
 that Corporation's financial statements, reports and other financial information disseminated
 to governmental organization, and the public satisfy legal requirements.

&nbsp;&nbsp;&nbsp;&nbsp;23. The
 Committee is responsible for establishing the organization's Whistleblower Policy and
 overseeing procedures for the receipt, retention and treatment of complaints received by
 the Company regarding accounting, internal accounting controls or auditing matters, and for
 the confidential anonymous submission by employees of the Company of concerns regarding questionable
 accounting or auditing matters.

&nbsp;&nbsp;&nbsp;&nbsp;24. Review,
 with the organization's counsel, legal compliance matters including corporate securities
 trading policies.

&nbsp;&nbsp;&nbsp;&nbsp;25. Review,
 with the organization's counsel, any legal matter that could have a significant impact
 on the organization's financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;26. Perform
 any other activities consistent with this Charter, the Corporation's Bylaws and governing
 law, as the Committee or the Board deems necessary or appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;27. The
 Audit Committee shall have the power to conduct and authorize investigations into any matters
 within the Committee's scope of responsibilities. The Committee shall be empowered
 to retain independent counsel, accountants, or others to assist it in the conduct of any
 investigation.

<u>Proxy Statement Report</u>

&nbsp;&nbsp;&nbsp;&nbsp;28. Include
 a Committee report in the Corporation's proxy statement, including

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. whether
 the Committee has reviewed and discussed the Corporation's audited financial statements
 with management;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. whether
 the Committee has discussed with the outside auditors the matters required to be discussed
 by SAS 61;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. whether
 the Committee has received the written disclosures and letter from the Corporation's
 outside auditors relating to their independence as required by Independent Standards Board
 Standard No. 1, and has discussed with the outside auditors their independence; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. whether
 the Committee has recommended to the Board of Directors, based upon the reviews and discussions
 referenced to in (a), (b) and (c), that the Corporation's audited financial statements
 be included in the Corporation's Annual Report on Form 10-K.

Risk Oversight

&nbsp;&nbsp;&nbsp;&nbsp;29. The
 Committee shall assist the Board in overseeing the risk management of the Company and shall
 oversee certain of the Company's major risk exposures set forth below, provided that
 the Board may, in its discretion, exercise direct oversight with respect to any such matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Financial and Enterprise Risk</u>. The Committee will review with management, at least annually, the
 Company's major financial risk and enterprise exposures and the steps management has
 taken to monitor or mitigate such exposures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Legal and Regulatory Compliance</u>. The Committee will review with management, at least annually,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the
 Company's program for promoting and monitoring compliance with applicable legal and
 regulatory requirements, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. the
 Company's major legal and regulatory compliance risk exposures and the steps management
 has taken to monitor or mitigate such exposures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Risks
 Related to ESG. The Committee will review with management, at least annually, the Company's
 major ESG risk exposures and the steps management has taken to monitor or mitigate such exposures,
 in coordination with the other committees of the Board as appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. <u>Cybersecurity.</u> The Committee will review with management, at least annually, the Company's cybersecurity
 risk exposures and the steps management has taken to monitor or mitigate such exposures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. <u>Other Risk Oversight.</u> The Committee will periodically review with management the Company's risk exposures in other areas, as the Committee deems necessary or appropriate from time to time.

<u>Other</u>

&nbsp;&nbsp;&nbsp;&nbsp;30. Review
 with management the outside auditor's proposals to provide other bank services such
 as consulting.

&nbsp;&nbsp;&nbsp;&nbsp;31. Maintain
 minutes and other relevant records of their meetings and decisions.

## Exhibit 99.2

**Exhibit 99.2**

**Compensation Committee Charter of Gameverse Interactive Corp.**

*Adopted: August 22, 2025* 

 

**<u>Purpose</u>**

The Compensation Committee (the "**<u>Committee</u>**") of the Board of Directors (the "Board") of Gameverse Interactive Corp. (the "**<u>Company</u>**") shall assist the Board in the discharge of its responsibilities with respect to the compensation of the directors and the executive officers of the Company.

**<u>Composition of the Compensation Committee</u>**

The Committee shall consist of not less than three (3), but no more than five (5) directors each of whom shall be an independent director as defied by CBOE (or any successor thereto, or the applicable rules of any other exchange or quotation system on which the Company's shares may be listed from time to time) ("CBOE") listing standards, a "nonemployee director" within the meaning of Rule 16b-3 issued by the U.S. Securities and Exchange Commission ("SEC"), and an "outside director" within the meaning of Section 162(m) of the Internal Revenue Code of 1986, as amended.

The receipt of awards of stock or stock options pursuant to the Company's equity incentive plans, or compensation for participation at meetings, or the reimbursement of his or her reasonable expenses, by a director as part of his or her compensation for service on the Board and committees of the Board shall not disqualify the director from serving as a member of the Committee.

If the Committee is comprised of at least three (3) members satisfying the independence requirements, then one (1) director who is not independent under CBOE rules, and is not a current officer or employee of the Company or any of its subsidiaries (or an immediate family member of such person), may be appointed to the Committee, under exceptional and limited circumstances, as determined by the Board in accordance with applicable CBOE rules.

The Board shall designate one member of the Committee as its Chairman. Members of the Committee shall serve until their resignation, retirement, removal by the Board or until their successors are appointed, or when they cease to be a director of the Company.

**<u>Responsibilities and Duties</u>**

In carrying out the purpose and authorities set forth herein, the Committee shall:

&nbsp;&nbsp;&nbsp;&nbsp;1. Annually
 review and approve the factors to be considered in determining the compensation of the Chief
 Executive Officer (the "CEO") of the Company and the Company's other "executive
 officers" as defined under Rule 3b-7 and "officers" as defined under Rule
 16a-1(f) promulgated under the Securities Exchange Act of 1934, as amended ("Exchange
 Act") (collectively with the CEO, the "Executive Officers"), and evaluate
 the performance of the CEO and other Executive Officers in light of these factors. Based
 on this evaluation, including an evaluation of the Company's performance, the Committee
 will have the authority, subject to any approval by the Board which the Committee or legal
 counsel determines to be desirable or is required by applicable law, the Commission Rules
 or the Exchange Rules, to make decisions (including any formal approvals) respecting (a)
 salary paid to the CEO and other Executive Officers, (b) the grant of all cash-based incentive
 compensation and equity-based compensation to the CEO and other Executive Officers, (c) the
 entering into or amendment or extension of any offer letter, employment contract or similar
 arrangement with the CEO and other Executive Officers, (d) the entering into or amendment
 or extension of any CEO or other Executive Officer severance or change in control arrangements,
 and (e) any other CEO or other Executive Officer compensation matters; provided that the
 Committee may take account of the recommendations of the Board (or other members of the Board)
 with respect to CEO and other Executive Officer compensation. The Committee may also make
 similar compensation related decisions with respect to other employees of the Company if
 Board or Committee approval is required or desirable as determined by legal counsel. The
 Committee may take account of the recommendations of the CEO with respect to other Executive
 Officers for each of the foregoing items. The CEO shall not be present during voting or deliberations
 regarding his own compensation.

&nbsp;&nbsp;&nbsp;&nbsp;2. Oversee
 the administration and interpretation of the Company's cash-based and equity-based
 compensation plans and agreements thereunder, and in that capacity:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. approve
 equity awards to officers, employees or other service providers to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. amend
 or enter into new equity plans (subject to stockholder approval when required) as may be
 necessary or appropriate to carry out the Company's compensation strategy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. determine
 whether awards that have performance-related criteria have been earned;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. authorize
 the repurchase of shares from terminated employees pursuant to applicable law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. have
 the authority to correct any defect, supply any omission, or reconcile any inconsistency
 in any equity compensation plan, award, exercise agreement or other arrangement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. have
 the authority to, when appropriate, modify existing equity awards (with the consent of the
 grantees, if required) and approve authorized exceptions to provisions of the equity plans;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. administer
 any required or appropriate equity award timing policy.

&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Oversee Clawbacks</u>. Review and approve policies and procedures with respect to the clawback or
 recoupment of compensation from the Company's current or former officers, employees,
 directors or other individuals who have received compensation, including with respect to
 any policy adopted pursuant to Rule 10D-1 of the Exchange Act and the related listing rules
 and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Oversight of Human Capital Management.</u> The Committee shall oversee the Company's management
 of and response to human capital matters, including diversity and inclusion programs and
 initiatives, recruitment and retention of employees, gender and racial/ethnic pay equity
 and relative compensation and benefits offered to employees across the Company.

&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Significant Executive Officer Contracts</u>. Review and recommend to the Board employment agreements,
 arrangements, or transactions with executive officers (and other officers as determined by
 the Committee), including any arrangements having any compensatory effect or purpose; including
 approving base salaries, salary increases, bonus targets and other remuneration for the executive
 officers, as well as any employment terms for the executive officers not part of the Company's
 standard employment terms relating to its employees generally;

&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Director Compensation</u>. Review and recommend to the Board appropriate director compensation programs
 for service as directors, committee chairmanships, and committee members, consistent with
 any applicable requirements of the CBOE listing standards for independent directors;

&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Compensation Policies and Performance Review</u>. Periodically assess the Company's policies applicable
 to the Company's executive officers and directors, including the relationship of corporate
 performance to executive compensation;

&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Retention of Compensation Consultants and Other Professionals</u>. Have full authority to hire independent
 compensation consultants and other professionals to assist in the design, formulation, analysis
 and implementation of compensation programs for the Company's executive officers;

&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Committee Report in Proxy Statement</u>. Assist in the preparation of and approve a report of the Committee
 for inclusion in the Company's proxy statement for each annual meeting of stockholders
 in accordance with the rules of the SEC and any requirements of the CBOE;

&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Review</u>.
 Periodically review the operation of all of the Company's employee benefit plans, except
 that the day-to-day administration of such plans, including the preparation and filing of
 all government reports and the preparation and delivery of all required employee materials
 and communications, shall be performed by the Company's management;

&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Access to Executives</u>. Have full access to the Company's executives as necessary to carry
 out its responsibilities;

&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Other Activities.</u> Perform any other activities consistent with this Charter, the Company's
 bylaws and governing law as the Committee or the Board deems necessary or appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Review Charter</u>. Review this Charter from time to time for adequacy and recommend any changes
 to the Board.

**<u>Committee Meetings</u>**

The Committee shall meet with the CEO at or near the start of each fiscal year to discuss the goals and incentive compensation programs to be in effect for such fiscal year and the performance targets triggering payout under those programs.

The Committee shall, by duly authorized resolution, recommend to the Board the incentive compensation programs to be in effect for the fiscal year for the Company's executive officers and other participants, including the objectives to be attained and the procedures for determining the individual awards payable under those programs. At or near the end of each fiscal year, the Committee shall meet to review performance under those programs and recommend to the Board the award of bonuses thereunder. At that time the Committee shall also recommend to the Board whether to adjust base salary levels in effect for the Company's executive officers and shall review the overall performance of the Company's employee benefit plans.

Members of the Committee may participate in meetings remotely by means of conference telephone, Internet broadcast or similar communication device, provided that all persons participating in the meeting can hear each other at the same time. Such participation shall constitute presence in person at the meeting.

A majority of all the members of the Committee shall constitute a quorum for the transaction of business, and the vote of a majority of all the members of the Committee participating (including by proxy) at a meeting at which a quorum is present shall be the act of the Committee. In addition, any action required or permitted to be taken at a meeting of the Committee, may be taken without a meeting if, before or after the action, a written consent thereto is signed by all the members of the Committee.

The Chairman of the Committee shall preside at each meeting. In the event the Chairman is not present at the meeting, the Committee members present at that meeting shall designate one of its members as the acting chair of such meeting.

**<u>Reporting</u>**

The Secretary of the Company shall keep minutes of the Committee's proceedings. The minutes of a meeting shall be available for review by the entire Board, and shall be filed as permanent records with the Secretary of the Company.

At each meeting of the Board that follows a meeting of the Committee, the Chairman of the Committee shall report to the entire Board on the matters considered at the last meeting(s) of the Committee.

The Committee shall prepare and, through its Chairman, submit periodic reports of the Committee's work and findings to the Board; the Committee shall include recommendations for Board actions when appropriate.

**<u>Amendments</u>**

Amendments to this Charter shall be made by the Board and may be made with or without a recommendation by the Committee.

## Exhibit 99.3

**Exhibit 99.3**

**Nomination and Corporate Governance Committee Charter of Gameverse Interactive Corp.**

*Adopted: August 22, 2025* 

 

**<u>Role</u>**

The Nominating and Corporate Governance Committee's (the "**<u>Committee</u>**") role is to determine the slate of director nominees for election to Gameverse Interactive Corp.'s ("the **<u>Company</u>**") Board of Directors, to identify and recommend candidates to fill vacancies occurring between annual shareholder meetings and to review the Company's policies and programs that relate to matters of corporate citizenship, including public issues of significance to the Company and its shareholders.

**<u>Membership</u>**

The membership of the Committee consists of at least three directors, but no more than five, each of whom shall meet the independence requirements established by the Board of Directors and applicable laws, regulations and listing requirements. The Board of Directors appoints the members of the Committee and the chairperson. The Board of Directors may remove any member from the Committee at any time with or without cause.

**<u>Operations</u>**

The Committee meets at least twice a year. The Committee shall meet periodically in executive session without Company management present. Additional meetings may occur as the Committee or its chairperson deems advisable. The Committee will cause to be kept adequate minutes of its proceedings and will report on its actions and activities at the next quarterly meeting of the Board of Directors. Committee members will be furnished with copies of the minutes of each meeting and any action taken by unanimous consent. The Committee is governed by the same rules regarding meetings (including meetings by conference telephone or similar communications equipment), action without meetings, notice, waiver of notice and quorum and voting requirements as are applicable to the Board of Directors. The Committee is authorized and empowered to adopt its own rules of procedure not inconsistent with (a) any provision of this Charter, (b) any provision of the Bylaws of the Company, or (c) the laws of the state of Nevada.

**<u>Authority</u>**

The Committee will have the resources and authority necessary to discharge its duties and responsibilities. The Committee has sole authority to retain and terminate outside counsel, any search firm used to identify director candidates or other experts or consultants, as it deems appropriate, including sole authority to approve the firms' fees and other retention terms. Any communications between the Committee and legal counsel in the course of obtaining legal advice will be considered privileged communications of the Company and the Committee will take all necessary steps to preserve the privileged nature of those communications.

**<u>Responsibilities</u>**

The principal responsibilities and functions of the Committee are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. Annually
 evaluate and report to the Board of Directors on the performance and effectiveness of the
 Board of Directors to facilitate the directors' fulfilling their responsibilities in
 a manner that serves the interests of the Company and its shareholders. No person shall serve
 on the Board of Directors for more than twelve years.

2. Annually
 present to the Board of Directors a list of individuals recommended for nomination for election
 to the Board of Directors at the annual meeting of shareholders and for appointment to the
 committees of the Board of Directors (including this Committee). Review and consider shareholder
 recommended candidates for nomination to the Board of Directors.

3. Before
 recommending an incumbent, replacement or additional director, review his or her qualifications,
 including capability, availability to serve, conflicts of interest and other relevant factors.

4. Assist
 in identifying, interviewing and recruiting candidates for the Board of Directors.

5. Annually
 review the composition of each committee and present recommendations for committee memberships
 to the Board of Directors as needed.

6. Monitor
 management's succession plans for key executives of the Company other than the CEO
 and CFO, whose succession plans shall be reviewed by the Board.

7. Develop
 and periodically review and recommend to the Board of Directors appropriate revisions to
 the Company's corporate governance framework.

8. Regularly
 review and make recommendations about changes to the charter of the Committee.

9. Regularly
 review and make recommendations about changes to the charters of other Board of Directors
 committees after consultation with the respective committee chairs.

10. Obtain
 or perform an annual evaluation of the Committee's performance and make applicable
 recommendations.

11. Annually
 review the Company's policies and programs that relate to corporate citizenship, including
 environmental sustainability, the annual public policy agenda and political activities and
 expenditures.

12. To
 develop and recommend to the Board for approval a Company Code of Conduct and Ethics (the
 "Code"), to monitor compliance with the Company's Code, to investigate
 any alleged breach or violation of the Code, to enforce the provisions of the Code and to
 review the Code periodically and recommend any changes to the Board.

13. The
 Committee shall oversee the Corporation's activities in the area of corporate compliance
 that may impact the Corporation's business operations or public image, in light of
 applicable government and industry standards, as well as legal and business trends and public
 policy issues. The Committee shall oversee the corporate compliance responsibilities of the
 Company's Chief Compliance Officer, currently the Chief Financial Officer.

## Exhibit 99.4

**Exhibit 99.4**

**GAMEVERSE INTERACTIVE CORP.**

**COMPENSATION RECOVERY POLICY**

Effective August 22, 2025

In accordance with Section 10D of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), Exchange Act Rule 10D-1, the listing rule of the Cboe Exchange, Inc. (the "**Exchange**") where the securities of Gameverse Interactive Corp. (the "**Company**") are listed, the Company's Board of Directors (the "**Board**") has adopted this Compensation Recovery Policy (the "**Policy**"). The purpose of this Policy is to recover the erroneously awarded Inventive-Based Compensation (defined below), if any, in the event that the Company is required to prepare an Accounting Restatement.

Capitalized terms used in the Policy are defined in <u>Section A</u> below. The application of the Policy to Executive Officers is not discretionary, except to the limited extent provided in <u>Section G</u> below, and applies without regard to whether an Executive Officer was at fault.

**A.** **Definitions** 

"**Accounting Restatement**" means an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period.

"**Accounting Restatement Determination Date**" means the date that a Company is required to prepare an Accounting Restatement, which is the earlier of: (a) the date the Board, a committee of the Board, or one or more of the officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare an Accounting Restatement; and (b) the date a court, regulator, or other legally authorized body directs the Company to prepare an Accounting Restatement.

"**Excess Compensation**" means the amount of Incentive-Based Compensation Received that exceeds the amount of Incentive-Based Compensation that otherwise would have been Received had such Incentive-Based Compensation been determined based on the restated amounts (this is referred to in the listings standards as "erroneously awarded incentive-based compensation") and must be computed without regard to any taxes paid.

"**Executive Officer**" means each individual who is or was ever designated as an "officer" by the Board in accordance with Exchange Act Rule 16a-1(f).

"**Financial Reporting Measures**" means measures that are determined and presented in accordance with the accounting principles used in preparing the Company's financial statements, and any measures that are derived wholly or in part from such measures. Stock price and total shareholder return are also Financial Reporting Measures. A Financial Reporting Measure need not be presented within the financial statements or included in a filing with the Securities and Exchange Commission.

"**Incentive-Based Compensation**" means any compensation that is granted, earned, or vested based wholly or in part upon the attainment of a Financial Reporting Measure (for the avoidance of doubt, no compensation that is potentially subject to recovery under the Policy will be earned until the Company's duty to recover under the Policy has lapsed) and excludes the following: salaries, bonuses paid solely at the discretion of the Committee or Board that are not paid from a bonus pool that is determined by satisfying a Financial Reporting Measure, bonuses paid solely upon satisfying one or more subjective standards and/or completion of a specified employment period, non-equity incentive plan awards earned solely upon satisfying one or more strategic measures or operational measures, and equity awards for which the grant is not contingent upon achieving any Financial Reporting Measure performance goal and vesting upfront, upon the signing of certain agreements, or is contingent solely upon completion of time requirement (e.g., time-based vesting equity awards) and/or attaining one or more non-Financial Reporting Measures.

"**Received**" means, with respect to any Incentive-based Compensation, actual or deemed receipt, and Incentive-Based Compensation is "Received" under the Policy in the Company's fiscal period during which the Financial Reporting Measure specified in the Incentive-Based Compensation award is attained, even if the payment or grant of the Incentive-Based Compensation occurs after the end of that period. For the avoidance of doubt, the Policy does not apply to Incentive-Based Compensation for which the Financial Reporting Measure is attained prior to December 31, 2023.

**B.** **Persons Covered by the Policy** 

The Policy is binding and enforceable against all Executive Officers who received Incentive-Based Compensation covered by this Policy from the Company (See <u>Section E</u> below).

**C.** **Administration of the Policy** 

The Compensation Committee of the Board (the "**Committee**") has full-delegated authority to administer the Policy. The Committee is authorized to interpret and construe the Policy and to make all determinations necessary, appropriate, or advisable for the administration of the Policy. In addition, if determined in the discretion of the Board, the Policy may be administered by the independent members of the Board or another committee of the Board made up of independent members of the Board, in which case all references to the Committee will be deemed to refer to such independent members of the Board or such other Board committee. All determinations of the Committee will be final and binding and will be given the maximum deference permitted by law.

**D.** **Accounting Restatements Requiring Application of the Policy** 

If the Company is required to prepare an Accounting Restatement, then the Committee must determine the Excess Compensation, if any, that must be recovered. The Company's obligation to recover Excess Compensation is not dependent on if or when the restated financial statements are filed.

**E.** **Compensation Covered by the Policy** 

The Policy applies to all Incentive-Based Compensation Received by an Executive Officer:

&nbsp;&nbsp;&nbsp;&nbsp;(a) after
 beginning service as an Executive Officer;

&nbsp;&nbsp;&nbsp;&nbsp;(b) who
 served as an Executive Officer at any time during the performance period for that Incentive-Based
 Compensation;

&nbsp;&nbsp;&nbsp;&nbsp;(c) while
 the Company has a class of securities listed on the Exchange;

&nbsp;&nbsp;&nbsp;&nbsp;(d) during
 the three completed fiscal years immediately preceding the Accounting Restatement Determination
 Date. In addition to these last three completed fiscal years, the Policy must apply to any
 transition period (that results from a change in the Company's fiscal year) within
 or immediately following those three completed fiscal years. However, a transition period
 between the last day of the Company's previous fiscal year end and the first day of
 the Company's new fiscal year that comprises a period of nine to 12 months would be
 deemed a completed fiscal year; and

&nbsp;&nbsp;&nbsp;&nbsp;(e) on
 or after December 31, 2023.

**F.** **Excess Compensation Subject to Recovery of the Policy** 

To determine the amount of Excess Compensation for Incentive-Based Compensation based on stock price or total shareholder return, where it is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the amount must be based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or total shareholder return upon which the Incentive-Based Compensation was Received and the Company must maintain documentation of the determination of that reasonable estimate and provide the documentation to the Exchange.

**G.** **Repayment of Excess Compensation** 

The Company must recover Excess Compensation reasonably promptly and Executive Officers are required to repay Excess Compensation to the Company. Subject to applicable law, the Company may recover Excess Compensation by requiring the Executive Officer to repay such amount to the Company by direct payment to the Company or such other means or combination of means as the Committee determines to be appropriate (these determinations do not need to be identical as to each Executive Officer). These means may include:

&nbsp;&nbsp;&nbsp;&nbsp;(a) requiring
 reimbursement of cash Incentive-Based Compensation previously paid;

&nbsp;&nbsp;&nbsp;&nbsp;(b) seeking
 recovery of any gain realized on the vesting, exercise, settlement, sale, transfer, or other
 disposition of any equity-based awards;

&nbsp;&nbsp;&nbsp;&nbsp;(c) offsetting
 the amount to be recovered from any unpaid or future compensation to be paid by the Company
 or any affiliate of the Company to the Executive Officer;

&nbsp;&nbsp;&nbsp;&nbsp;(d) cancelling
 outstanding vested or unvested equity awards; and/or

&nbsp;&nbsp;&nbsp;&nbsp;(e) taking
 any other remedial and recovery action permitted by law, as determined by the Committee.

The repayment of Excess Compensation must be made by an Executive Officer notwithstanding any Executive Officer's belief (whether or not legitimate) that the Excess Compensation had been previously earned under applicable law and therefore is not subject to recovery.

The Company is prohibited from indemnifying any Executive Officer or former Executive Officer against the loss of Excess Compensation.

In addition to its rights to recovery under the Policy, the Company or any affiliate of the Company may take any legal actions it determines appropriate to enforce an Executive Officer's obligations to the Company or its affiliate or to discipline an Executive Officer, including (without limitation) termination of employment, institution of civil proceedings, reporting of misconduct to appropriate governmental authorities, reduction of future compensation opportunities, or change in role. The decision to take any actions described in the preceding sentence will not be subject to the approval of the Committee and can be made by the Board, any committee of the Board, or any duly authorized officer of the Company or of any applicable affiliate of the Company.

**H.** **Limited Exceptions to the Policy** 

The Company must recover Excess Compensation in accordance with the Policy except to the limited extent that any of the conditions set forth below are met, and the Committee determines that recovery of the Excess Compensation would be impracticable:

&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 direct expense paid to a third party to assist in enforcing the Policy would exceed the amount
 to be recovered. Before reaching this conclusion, the Company must make a reasonable attempt
 to recover the Excess Compensation, document the reasonable attempt(s) taken to so recover,
 and provide that documentation to the Exchange;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Recovery
 would violate home country law where that law was adopted prior to December 31, 2023. Before
 reaching this conclusion, the Company must obtain an opinion of home country counsel, acceptable
 to the Exchange, that recovery would result in such a violation, and must provide such opinion
 to the Exchange; or

&nbsp;&nbsp;&nbsp;&nbsp;(c) Recovery
 would likely cause an otherwise tax-qualified retirement plan, under which benefits are broadly
 available to employees of the Company, to fail to meet the requirements of 26 U.S.C. 401(a)(13)
 (Assignment and alienation) or 26 U.S.C. 411(a) (Minimum vesting standards) and regulations
 thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;**I.** **Other Important Information in the Policy** 

Notwithstanding the terms of any of the Company's organizational documents (including, but not limited to, the Company's bylaws), any corporate policy or any contract (including, but not limited to, any indemnification agreement), neither the Company nor any affiliate of the Company will indemnify or provide advancement for any Executive Officer against any loss of Excess Compensation, or any claims relating to the Company's enforcement of its rights under the Policy. Neither the Company nor any affiliate of the Company will pay for or reimburse insurance premiums for an insurance policy that covers potential recovery obligations. In the event that pursuant to the Policy the Company is required to recover Excess Compensation from an Executive Officer who is no longer an employee, the Company will be entitled to seek recovery in order to comply with applicable law, regardless of the terms of any release of claims or separation agreement such individual may have signed. Neither the Company nor any affiliate of the Company will enter into any agreement that exempts any Incentive-Based Compensation that is granted, paid, or awarded to an Executive Officer from the application of the Policy or that waives the Company's right to recovery of any Excess Compensation, and the Policy shall supersede any such agreement (whether entered into before, on, or after the adoption of the Policy).

The Committee or Board may review and modify the Policy from time to time.

If any provision of the Policy or the application of any such provision to any Executive Officer is adjudicated to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability will not affect any other provisions of the Policy or the application of such provision to another Executive Officer, and the invalid, illegal or unenforceable provisions will be deemed amended to the minimum extent necessary to render any such provision or application enforceable.

The Policy will terminate and no longer be enforceable when the Company ceases to be a listed issuer within the meaning of Section 10D of the Exchange Act or when the Exchange Act Rule 10D-1, and rules of the Cboe Exchange, Inc. are no longer effective.

## Ex-Filing

?xml version='1.0' encoding='ASCII'?

**Exhibit 107**

**CALCULATION OF FILING FEE TABLES** 

**FORM S-1**

(Form Type)

**** 

**Gameverse Interactive Corp**

(Exact Name of Registrant as Specified in its Charter)

**<u>Table 1: Newly Registered and Carry Forward Securities</u>**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security<br> Type** | **Security<br> Class<br> Title** | **Fee<br> Calculation<br> Rule** | **Amount<br> Registered** | **Proposed<br> Maximum<br> Offering Price<br> Per Share** | **Proposed<br> Maximum<br> Aggregate<br> Offering<br> Price<sup>(1)(2)</sup>** | **Fee Rate** | **Amount of<br> Registration<br> Fee** |
| **Fees to Be Paid** |  |  |  |  |  |  |  |  |
|  | Equity | Common Stock, $0.001 par value | Rule 457(o) |  | $- | $15000000.00 | $0.00013810 | $2071.50 |
| **Total Amount of Registration Fee** | **Total Amount of Registration Fee** | **Total Amount of Registration Fee** | **Total Amount of Registration Fee** | **Total Amount of Registration Fee** | **Total Amount of Registration Fee** | $**15000000.00** |  | $**2071.50** |
| **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** |  |  | **-** |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  | **-** |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  | $**2071.50** |

---

(1) Estimated
solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended (the
"Securities Act").

(2) Pursuant
to Rule 416 under the Securities Act, this registration statement also covers any additional securities that may be offered, issued or
become issuable in connection with any stock split, stock dividend or similar transaction or pursuant to anti-dilution provisions of
any of the securities.

N/A