Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 58

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 58
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 securities exercisable or convertible into shares of common stock within 60 days of September 26, 2025 for each stockholder. Under the rules of the Securities and Exchange Commission, a person is deemed to be the beneficial owner of a security if such person has or shares the power to vote or direct the voting of such security or the power to dispose or direct the disposition of such security. A person is also deemed to be a beneficial owner of any securities if that person has the right to acquire beneficial ownership within 60 days of September 26, 2025. Unless otherwise indicated by footnote, the named entities or individuals have sole voting and investment power with respect to the shares of common stock beneficially owned.
  
    (2)
    Includes (i) 30,000,000 shares of common stock of the Company, and (ii) 50,000,000 shares of common stock of the Company issuable upon conversion of 5,000,000 shares of Series A Preferred Stock held by Mr. Herzog. Each share of Series A Preferred Stock (i) may be converted at $0.01 per preferred share into 10 shares of common stock, and (ii) has voting rights of ten votes per share.
  
    (3)
    Includes 200,000 shares beneficially owned by Judy Lapinski, the spouse of Thomas Lapinski.
  
    (4)
    Includes 3,000,000 shares of common stock owned directly by Mr. Mansano plus the following additional shares owned indirectly by Mr. Mansano through another entity he controls: 1,250,000 shares of common stock, 6,503,024 shares of common stock issued in September 2025 in full payment of the outstanding principal amount and accrued interest of the Company’s convertible note held by Mr. Mansano (the “Convertible Note”).
  
    (5)
    Voting and investment power of the Aharonoff Family Trust is held by Daniel and Vardit Aharonoff.

No Director, executive officer, affiliate or any owner
of record or beneficial owner of more than 5% of any class of voting securities of the Company is a party adverse to the Company or has
a material interest adverse to the Company. 

ITEM 13. CERTAIN RELATIONSHIPS
AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

The following includes a summary of transactions since
the beginning of the 2024 fiscal year, or any currently proposed transaction, in which the Company was or