Company: OKMN
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001079973-25-001512
Chunk: 174

Company: OKMIN RESOURCES, INC.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 174
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250,000 shares of common stock in connection with the signing of an ongoing services agreement with Sierra Land Resources, LLC, in connection with Land and Resource Development work at a deemed value of $12,500. 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 and then on June 30, 2024, the Company issued 321,741 shares at $0.0425 per share and then on December 3, 2024 a further 225,000 shares at $0.04 per share, all in connection with the services agreement. 
  
    (e)
    As of August 1, 2023, the Company issued 460,000 shares pursuant to a consulting agreement which vest quarterly, at a deemed price of $0.22 per share. During the fiscal year ended June 30, 2024 we expensed $75,866 in connection with this agreement.
  
    (f)
    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.
  
    (g)
    Samuel Naparstek joined the Board as a Director effective July 30, 2024, was awarded 2,500,000 shares at $0.04 per share in lieu of consulting work and services.
  
    (h)
    The Company’s Board of Directors approved the issuance of 250,000 shares of the Company’s common stock in lieu of a cash payments of $10,000 in consideration of a compliance consulting services agreement.
  
    (i)
    On June 24, 2025, the Company issued 500,000 shares at a deemed price of $0.0482 per share for legal fees.

With respect to sales designated in the table by “Sec.
4(a)(2),” these shares were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act
of 1933, as amended (the “Securities Act”), as privately negotiated, isolated, non-recurring transactions not involving any
public offer or solicitation. Each purchaser represented that such purchaser’s intention was to acquire the shares for investment
only and not with a view toward distribution.

The offers, sales, and issuances of the securities
described