Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 20

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 Carten v. CyberloQ Technologies, Inc. (UNN-L-3456-22) which was related to
the Separation and Release of Claims Agreement. On February 13, 2024, the litigation was dismissed without prejudice and is no longer
pending.

NOTE
6 – STOCKHOLDERS’ EQUITY

Common
Stock

The
Company has 300,000,000 shares of $.001 par value common stock authorized as of June 30, 2025 and had 200,000,000 shares of $.001 par
value common stock authorized as of June 30, 2024.

During
the three month period ended June 30, 2025, the Company received $10,000 in payment for 100,000 shares of common stock and $7,500 in
payment of 150,000 shares of stock recorded as “to be issued”.

During
the three month period ended June 30, 2024, the Company received $10,000 in payment for 100,000 shares of common stock.

Treasury
Stock

On
February 28, 2022, the Company entered into a settlement agreement with a prior employee, officer and director resulting in treasury
stock of 500,000
shares valued at $50,000. (See Note 5)

Preferred
Stock

The
Company did not have any preferred stock prior to 2017. In April of 2017, the Company amended its articles of incorporation to create
a new class of stock designated Series A Super Voting Preferred Stock consisting of thirty-thousand (30,000) shares at par value of $0.001
per share. Certain rights, preferences, privileges and restrictions were established for the Series A Preferred Stock as follows: (a)
the amount to be represented in stated capital at all times for each share of Series A Preferred Stock shall be its par value of $0.001
per share; (b) except as otherwise required by law, holders of shares of Series A Preferred Stock shall vote together with the common
stock as a single class and the holders of Series A Preferred Stock shall be entitled to five-thousand (5,000) votes per share of Series
A Preferred Stock; and (c) in the event of any liquidation, dissolution or winding-up of the Company, either voluntary or involuntary,
the holders of the Series A Preferred Stock shall be entitled to receive, prior and in preference to any distribution of assets of the