Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 275

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1B
Chunk 275
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 contains a most favored nations provision that provides we will grant to the Holder
the same terms as we offer any subsequent investor in our debt securities and certain arbitration provisions in the event of a claim
arising under the Purchase Agreement and other transaction documents.

The
Notes contain certain trigger events, including in the event that: (a) we fail to pay any amount when due; (b) a receiver or trustee
is appointed with respect to our assets; (c) we become insolvent; (d) we make an assignment for the benefit of creditors; (e) we file
a petition under bankruptcy, insolvency or similar laws; (f) an involuntary bankruptcy proceeding is filed against us; (g) a “fundamental
transaction” occurs without Holder’s prior written consent: (h) we, USCF Investments or any of the USCF Investments subsidiaries,
fail to observe covenants in our agreements with the Holder; (i) we default in observing or performing any covenant in the transaction
documents; (j) any representation in the transaction documents is or becomes false or incorrect; (i) we effect a reverse stock split
without 20 trading days’ prior written notice to the Holder; (k) any judgment is entered against us for more than $500,000 which
remains unstayed for more than 20 days unless consented to by the Holder; (m) our shares cease to be DTC (Depositary Trust Company) eligible;
or (n) we breach any covenant or agreement in any other agreement with Holder or in any financing or other agreement that affects our
ongoing business operations. A “fundamental transaction” occurs if: we merge with another entity; we dispose of all or substantially
all of our assets, we allow more than 50% of our voting shares to be acquired by another person; we enter into a share purchase agreement
with a third party that acquires more than 50% of our shares; we recapitalize or reclassify our shares; we transfer a material asset
to a subsidiary; we pay a dividend to our shareholders; or any person or group becomes the beneficial owner of 50% of the ordinary voting
power of our shares. Upon the occurrence of a trigger event, the Holder may increase the amount outstanding under a Note by 10% for an
event described in (a) through (h) above or 5% for an event described in (i) through (n) above (a “default amount”). Alternatively,