Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 314

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 10
Chunk 314
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 or within two years prior to that time; (b) any criminal convictions or any
criminal proceedings in which the person is a named subject (excluding traffic violations and other minor offenses); (c) any order, judgment,
or decree permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities
or banking activities; (d) any finding by a court, the SEC or the CFTC to have violated a federal or state securities or commodities law,
any law or regulation respecting financial institutions or insurance companies, or any law or regulation prohibiting mail or wire fraud
in connection with any business entity; or (e) any sanction or order of any self-regulatory organization, any registered entity, or any
equivalent exchange, association, entity or other organization that has disciplinary authority over its members or persons associated
with a member. Further, no such legal proceedings are believed to be contemplated by governmental authorities against any director or
executive officer.

Code of Ethics

As a recently registered reporting company under the
Exchange Act, the Company has not yet adopted a code of ethics as contemplated by Item 406 of Reg. S-K that would apply to our principal
executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. Our
Board plans to adopt a written code of business conduct and ethics (“Code”) that applies to our directors, officers and employees,
including our principal executive officer, principal financial officer and principal accounting officer or controller, or persons performing
similar functions. We intend to post on our website a current copy of the Code and all disclosures that are required by law in regard
to any amendments to, or waivers from, any provision of the Code.

Nominating Committee

We have not adopted any procedures by which security
holders may recommend nominees to our Board of Directors.

Audit Committee

The Board of Directors acts as the Audit Committee
and the Board has no separate committees. The Company has no qualified financial expert at this time because it has not been able to hire
a qualified candidate. Further, the Company believes that it has inadequate financial resources at this time to hire such an expert.

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Indemnification of Directors and Officers

Our directors and executive officers are indemnified
as provided by Nevada law and our Bylaws. These provisions state that our directors may cause us to indemnify a director or former director
against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment