Company: TUTH
Filing Date: 2025-10-01
Form Type: 1-SA
Source: 0001683168-25-007356
Chunk: 4

Company: Standard Dental Labs Inc.
Filing Date: 2025-10-01
Form: 1-SA
Chunk 4
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 legal capital structure of Standard Dental). (See Note 5).

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Upon completion of the asset purchase, and by
virtue of the fact the Company acquired all rights to the name and branding associate with Prime Dental Lab, LLC, PDL changed its name
to Smile Dental (all references hereinafter to Prime Dental, Prime Dental Lab, and PDL shall be construed and interpreted as references
to Smile Dental). The Company agreed to total consideration of $700,000 comprised of $560,000 in stock (the “Share Consideration”),
$140,000 in cash (the “Cash Consideration”), and up to 10% of the Share Consideration in additional stock options. The Cash
Consideration was payable in two installments of $70,000 with the first installment due at closing and the second installment due upon
the Company being successful in achieving a registered financing under an S-1 registration statement, or on such earlier date as may be
agreed in writing by the Parties. The Asset Purchase Agreement does not have any termination provisions.

The Share Consideration is subject to a lock-up
agreement for a term of twenty-four months from the issuance date, whereunder Smile Dental is entitled to receive a quarterly release
of 12.5% of the total Share Consideration, subject to confirmation that the quarterly revenues generated by the PDL purchased assets exceed
12.5% percent of the PDL’s 2021 annual revenue.

In order to facilitate ongoing lab operations
and to seamlessly service its acquired customer base, the Company entered into a subcontractor agreement with Smile Dental on August 31,
2022, as amended April 30, 2023, whereunder Smile Dental agreed to provide ongoing labor, quality control and delivery services during
a period of up to two years from the latest date as a subcontractor to Standard Dental. Currently, all labor in our dental lab is
performed under the Smile Dental subcontractor agreement. Any and all disputes arising under the Subcontractor Agreement must be resolved
through binding arbitration through the Florida Circuit – Civil Mediator Society.

Concurrent with the closing of the acquisition
of certain assets from Smile Dental, the Company entered into a subcontractor agreement with Mr. John Kim for the provision of certain
services including labor, materials, supplies and manufacturing expertise with respect to the servicing of the Company’s client
list for dental prosthetics and orthotics. Mr. Kim shall be available for the Company’s exclusive use certain acquired assets in