Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 315

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 10
Chunk 315
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, actually and reasonably incurred
by him as a result of him acting as a director. The indemnification of costs can include an amount paid to settle an action or satisfy
a judgment. Such indemnification is at the discretion of our board of directors and is subject to the Securities and Exchange Commission’s
policy regarding indemnification.

Insofar as indemnification for liabilities arising
under the Securities Act of 1933 may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions,
or otherwise, we have 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.

Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Exchange Act requires a company's
directors and officers, and persons who own more than 10% of any class of a company's equity securities which are registered under Section
12 of the Exchange Act, to file with the SEC initial statements of beneficial ownership on Form 3, reports of changes in ownership on
Form 4, and annual reports on Form 5 concerning their ownership of and transactions concerning our common stock and other equity securities.
Such officers, directors and 10% stockholders are also required to furnish the company with copies of all Section 16(a) reports they file.
Based solely on our review of the copies of such forms received by the Company, or written representations from the reporting persons
as of the date of this Report, management believes that all Section 16(a) filing requirements applicable to directors, officers and 10%
stockholders with respect to the fiscal year ended June 30, 2025, have been fulfilled with the following exceptions:

As of the fiscal year ended June 30, 2025, the Aharonoff
Family Trust has not filed its initial Form 3.

ITEM 11. EXECUTIVE
COMPENSATION.

With the exception of the Company’s President,
Chief Executive Officer and Chief Financial Officer, Jonathan Herzog, as detailed below, the Company has not paid compensation to its
executive officers. To date, the Company also has not paid any compensation to directors for their service as such.

In connection with the formation of the Company, 5,000,000
shares of the Company’s Series A preferred stock were designated and later subsequently issued to Mr. Herzog at a deemed value of
$0.001 per share with no cash consideration in lieu of work performed