Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 243

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1C
Chunk 243
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 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 in organizing the corporation. Each share of Series A preferred
stock has voting rights of ten votes per share, though it is not entitled to receive dividends. Additionally, each share of Series A preferred
stock may be converted at $0.01 per preferred share into ten shares of common stock. 

From inception through October 2021, the Company paid
no cash compensation to any officer or director for their service as such. Commencing as of November 1, 2021, the Company agreed to compensate
Mr. Herzog with $6,750 per month in cash compensation, together with a further $6,750 monthly to be accrued and deferred until management
determines that the Company is in a position to make such payments. The Company and Mr. Herzog have not entered into a formal written
employment agreement in relation to Mr. Herzog’s compensation and employment terms as