Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 101

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 101
---
 interest.

Jonathan Herzog, the Company’s President, Chief
Executive Officer and a director, devotes only that portion of his time to the Company’s affairs that he deems necessary to accomplish
the Company’s business plan. Mr. Herzog may also devote part of his working time to other business and employment endeavors, including
roles and consulting relationships with other entities, and he may have responsibilities to these other entities which would result in
conflicts of interest with the Company. Such conflicts include deciding how much time to devote to the Company’s affairs, as well
as what business opportunities should be presented to the Company. Currently, Okmin has no policy in place to address such conflicts of
interest.

The Company may have difficulty managing growth
in our business, which could adversely affect our financial condition and results of operations.  

As an early-stage company, growth in accordance with
our business plan, if achieved, could place a significant strain on our financial, technical, operational, and management resources. As
we expand our activities and increase the number of projects we are evaluating or in which we participate, there will be additional demands
on our financial, technical, operational, and management resources. The failure to continue to upgrade our technical, administrative,
operating, and financial control systems or the occurrences of unexpected expansion difficulties, including the failure to recruit, engage
or retain professionals in the oil and natural gas industry, whether as employees or outside contractors, could have a negative material
effect on our business and financial condition.

Applicable regulatory requirements, including
those contained in and issued under the Sarbanes-Oxley Act of 2002, may make it difficult for the Company to retain or attract qualified
officers and directors, which could adversely affect the management of its business and its ability to obtain or retain listing of its
common stock.

The Company may be unable to attract and retain those
qualified officers, directors and members of board committees required to provide for effective management because of the rules and regulations
that govern publicly held companies, including, but not limited to, certifications by principal executive officers. The enactment of the
Sarbanes-Oxley Act has resulted in the issuance of a series of related rules and regulations and the strengthening of existing rules and
regulations by the SEC, as well as the adoption of new and more stringent rules by the stock exchanges. The perceived increased personal
risk associated with these changes may deter qualified individuals from accepting roles as directors and executive officers.

Further, some of