Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 94

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 94
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448 shares of the Company’s Series B
Preferred Stock were converted into common stock at a rate of 150 shares of common stock for each share of Series B Preferred Stock, resulting
in the issuance of 17,597,767,200 shares of common stock.

As of June 30, 2025, the Company had 20,194,429,021
shares of common stock issued and outstanding.

Preferred Stock

The Company authorized 120,000,000 shares of Preferred
Stock and designated 118,000,000 shares as Series B Preferred Stock, par value $0.001 per share.

Series B Preferred Stock

The Company authorized 120,000,000 shares of Preferred
Stock and designated 118,000,000 shares as Series B Preferred Stock, par value $0.001 per share. Each share of Series B Preferred Stock
is convertible into 150 shares of Common Stock, entitles the holder to vote together with Common Stockholders on an as-converted basis,
and entitles the holder to receive dividends and other distributions, if declared, on a pari-passu basis with Common Stock.

On October 16, 2024, the Company issued an aggregate
of 117,318,448 shares of Series B Preferred Stock to the BILI Shareholders as consideration pursuant to an Equity Exchange Agreement in
connection with the acquisition of BILI Inc. The issuance of Series B Preferred Stock is accounted for as a recapitalization of the Company,
with BILI Inc. deemed the accounting acquirer and AGGI the legal acquirer. Accordingly, the historical consolidated financial statements
of BILI Inc. are treated as the continuing reporting entity, and the equity structure has been restated to reflect the recapitalization.

During 2025, all outstanding shares of Series
B Preferred Stock were converted into common stock.

| F-28 |

As of June 30, 2025, and December 31, 2024, the
Company had nil and 117,318,448 shares of Series B Preferred Stock issued and outstanding respectively.

Stock Option Plan – Subsidiary

The Company’s wholly owned subsidiary, BILI,
Inc., maintained an employee stock option plan under which certain employees of the subsidiary were granted options to purchase shares
of the subsidiary’s common stock. These stock options were issued and settled by the subsidiary and are not convertible into, or
based on, shares of the parent company.

During the six months ended June 30, 2024, employees