Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 370

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 12
Chunk 370
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 of common stock for each share of Series A Preferred Stock. Jonathan
Herzog, the Company’s President and Chief Executive Officer owns all of the Series A Preferred Stock.  At any shareholders
meeting or in connection with the giving of shareholder consents, the holder of each share of Series A Preferred Stock is entitled to
voting rights of ten votes per share, though is not entitled to receive dividends. Accordingly, by reason of his ownership of Series A
Preferred Stock, Mr. Herzog exercises control of approximately 46% of the aggregate voting power in the Company. The Series A Preferred
Stock upon liquidation, winding-up or dissolution of the Corporation, ranks on a parity, in all respects, with all the Common Stock.

Common stock

The Company is authorized to issue 750,000,000 shares
of common stock with a par value of $0.0001 per share.

At June 30, 2025, the Company had 117,899,921 shares
of its common stock issued and outstanding.

The Company has issued the following shares:

As of August 1, 2023, the Company issued 460,000 shares pursuant to a consulting
agreement, vesting quarterly, at a deemed price of $0.22 per share.

As of August 28, 2023, the Company issued 59,375 shares
at a deemed price of $0.12 per share for previous services valued at $7,125 rendered by its consulting geologist.

On November 27, 2023, the Company issued a further
151,305 shares at a deemed price of $0.10 per share for services valued at $15,131 pursuant to an ongoing services agreement with Sierra
Land Resources, LLC, in connection with Land and Resource Development work.

On June 30, 2024, the Company issued 321,741 shares
at $0.0425 per share, pursuant to an ongoing services agreement with Sierra Land Resources, LLC, in connection with Land and Resource
Development work. 

On November 12, 2024, the board of directors approved
the issuance of 250,000 common shares at $0.04 per share in connection with consulting services for the Company’s filings, preparation,
compliance matters and business activities.

On November 12, 2024, the Company issued 2,500,000
common shares at $0.04 per share to Samuel Naparstek for corporate consulting services.