Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 128

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1B
Chunk 128
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 Stock held by Vantage, and 2,000,000 shares issuable upon exercise of options.
Does not include shares held by Five Star Trust or Panther Trust, which Mr. Hauser’s wife is the control person for. See footnotes
3 and 4.

(2)
Represents shares held by Vantage.

(3
Rachel Ravich is the control person of the stockholder. The address of the stockholder is 4045 Sheridan Ave #345, Miami Beach, FL 33140.
Ms. Ravich is Mr. Hauser’s wife.

(4)
Rachel Ravich is the control person of the stockholder. The address of the stockholder is 4045 Sheridan Ave #345, Miami Beach, FL 33140.
Ms. Ravich is Mr. Hauser’s wife.

(5)
Lawrence John Sullivan is the control person of the stockholder. The address of the stockholder is Derry House, Greenaway Lane, Matlock
DE4 2QB, United Kingdom.

Securities
authorized for issuance under equity compensation plans 

Phoenix
Plus had no equity compensation plans as of July 31, 2025.

16

Item
13. Certain Relationships and Related Transactions, and Director Independence.

Certain
Relationships and Related Transactions

Pursuant
to the Merger Agreement, on August 19, 2025, the Company issued 8,201,110 shares of common stock, 200,000 shares of Series A Preferred
Stock, and 2,000,000 options, to Lyle Hauser (or Vantage, an entity owned by Mr. Hauser), in exchange for the cancellation of their shares
and options of Rhino Digital.

Effective
August 19, 2025, the Company transferred all outstanding shares of the Company’s wholly-owned subsidiary, Phoenix Plus Malaysia
to Lee Chong Chow, the Company’s former chief executive officer.

During
the year ended July 31, 2025, Phoenix Plus paid $200,000 in management fees and $6,353 in interest on working capital loans to entities
controlled by Mr. Lee.

Director
Independence

Our
sole director, Lyle Hauser, is not independent.

Item
14. Principal Accountant Fees and Services.

Audit
Fees

The
aggregate fees billable to us by our principal accounting firm during the years ended July 31, 2025 and 2024 for the audit of our annual
financial statements and review of financial