Company: TUTH
Filing Date: 2025-10-01
Form Type: 1-SA
Source: 0001683168-25-007356
Chunk: 2

Company: Standard Dental Labs Inc.
Filing Date: 2025-10-01
Form: 1-SA
Chunk 2
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. Brooks granting a judgment in
the amount of $1,114,500 against the Company. On December 23, 2021, the Company entered into an 8% Convertible Promissory Note with Brooks
in the amount of $1,171,727 in satisfaction of the outstanding judgment. The convertible promissory note bears interest rate at 8% per
annum for a period of 12 months. The holder has the right to convert any or all of the outstanding principal into shares of the Company’s
common stock at a conversion price of $0.001 per share. Shortly thereafter, Brooks converted $175,000 of the balance due and owing under
the Note into 15,000,000 shares, which resulted in Mr. Brooks becoming the Company’s controlling stockholder. On October 21, 2020,
Mr. Brooks, as a majority shareholder, filed a motion requesting the appointment of a Receiver over our company. On March 25, 2021, the
Receiver filed a motion with the Court requesting approval to appoint Mr. Brooks as an officer and director of our company and to increase
our authorized capital and subsequently to issue sufficient common and preferred shares on terms to be finalized with Mr. Brooks, whereby
Mr. Brooks became the controlling stockholder of our company. On December 30, 2021, Mr. James Brooks was appointed the Company’s
sole officer and director in place of Mr. Fred Waid. On March 2, 2023, Mr. Brooks assigned $10,000 of his convertible note leaving the
principal amount of $1,161,727 due and payable.

On February 9, 2022, an Order was entered by the
Eighth Judicial District Court, Clark County, Nevada, Case No. A-17-749977D, terminating the receivership for our company.

On May 6, 2022, the company entered into an asset
purchase agreement with Standard Dental Labs Inc. (“SDL”), a Wyoming corporation controlled by the company’s CEO, James
Brooks, to acquire certain assets including: (i) a ready to implement business model and platform for the identification and acquisition
of small to medium sized dental labs in the United States, and (ii) a fully developed branding package created around SDL, including logo,
website, presentation materials and corporate name. Under the terms of the acquisition agreement, assets valued at $75,900 were acquired
through the issuance of a total of 1