Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 97

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 97
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 of ownership under
Internal Revenue Code 382 and the legal acquirer had no continuing operations, no deferred tax asset has been recognized for those NOLs.
Utilization of such pre-acquisition losses, if any, would be limited and will be recognized in the period utilization becomes more likely
than not.

Canada

The subsidiaries of the Company operating in Canada
are subject to a small business income tax rate of 12.2%, which includes federal and provincial rates.

At June 30, 2025, the Canadian subsidiaries had
approximately $1,470,588 of net operating losses ("NOLs") available to offset future taxable income. These NOLs may be carried
forward for up to 20 years.

Deferred Tax Assets

The components of deferred tax assets are summarized as follows ($):

| June 30,                                    |     |     2025 |   |     |     2024 |   |
|:--------------------------------------------|:----|---------:|:--|:----|---------:|:--|
| Deferred tax assets – U.S. NOLs (21%)       |     |    2,100 |   |     |        – |   |
| Deferred tax assets – Canadian NOLs (12.2%) |     |  176,141 |   |     |  143,746 |   |
| Gross deferred tax assets                   |     |  178,241 |   |     |  143,746 |   |
| Less: Valuation allowance                   |     | (178,241 | ) |     | (143,746 | ) |
| Net deferred tax assets                     |     |        – |   |     |        – |   |

The reconciliation of the U.S. federal statutory income tax rate to
the Company’s effective tax rate is as follows:

| Six Months Ended June 30                   |     | 2025   |   |     | 2024   |   |
|:-------------------------------------------|:----|:-------|:--|:----|:-------|:--|
| U.S. federal statutory income tax rate     |     | (21.0% | ) |     | (21.0% | ) |
| Foreign rate differential (Canada @ 12.2%) |     | 8.5%   |   |     | 8.8%   |   |
| Valuation allowance                        |     | 12.5%  |   |