Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 130

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 10
Chunk 130
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 have a written
nominating, compensation, or audit committee charter. Our sole officer and director, Levi Jacobson, believes that it is not necessary
to have such committees given the Company’s current size and the limited scope of its business. Currently, Mr. Jacobson is performing
the functions of these committees.

In
lieu of an Audit Committee, our board of directors, which consists solely of our officer and director, Levi Jacobson, is responsible
for reviewing and making recommendations concerning the selection of outside auditors, reviewing the scope, results, and effectiveness
of the annual audit of our financial statements and other services provided by our independent registered public accounting firm. Mr.
Jacobson also reviews our internal accounting controls, practices, and policies.

Audit
Committee Financial Expert

Our
board of director(s) has determined that we do not have a board member that qualifies as an “audit committee financial expert”
as defined in Item 407(d)(5) of Regulation S-K . We believe that given our current size and the limited scope of our business, retaining
an independent director who would qualify as an audit committee financial expert would be overly costly and burdensome. We will consider
establishing an Audit Committee, and identifying an individual to serve as an independent director and as the audit committee financial
expert when so required.

Involvement
in Certain Legal Proceedings

None
of our executive officers and directors, of which we have only one, Levi Jacobson, has been involved in or a party to any of the following
events or actions during the past ten years:

    1.
    Any petition
    under the federal bankruptcy laws or any state insolvency laws filed by or against, or an appointment of a receiver, fiscal agent,
    or similar officer by a court for the business or property of such person, a partnership in which such person was a general partner
    at or within two years before the time of such filing, or any corporation or business association of which such person was an executive
    officer either at or within two years prior to the time of such filing;
  
    2.
    Any conviction in a criminal
    proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);
  
    3.
    Being subject to any order,
    judgment, or decree, not subsequently reversed, suspended, or vacated, of any court of competent jurisdiction, permanently or temporarily
    enjoining, such person from, or otherwise limiting, the following activities