Company: CBLO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001882781-25-000042
Chunk: 12

Company: C2 Blockchain, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 12
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01 per share, for total non-cash
consideration of $15,000, to Root Ventures LLC in exchange for investor relations and related services. The shares were issued as a consulting
fee.

The
issuance was made to an accredited investor in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act
and Rule 506(b) of Regulation D promulgated thereunder. The shares were issued for bona fide services and not for fundraising purposes.

During
the year ended June 30, 2025, the Company sold an aggregate of 16,800,000 shares of common stock to eight investors pursuant to its qualified
Regulation A+ Tier II offering, for total proceeds of $168,000. In addition, the Company issued a total of 2,500,000 shares of restricted
common stock to two accredited investors in private placement transactions exempt from registration under Section 4(a)(2) of the Securities
Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder, for aggregate proceeds of $55,000. Of these, 1,000,000
shares were sold at a purchase price of $0.04 per share for proceeds of $40,000, and 1,500,000 shares were sold at a purchase price of
$0.01 per share for proceeds of $15,000. The restricted shares are subject to transfer restrictions and bear appropriate restrictive
legends.  

Coventry
Enterprises LLC Equity Line Agreement

The
Company entered into a Common Stock Purchase Agreement (the “Equity Line Agreement”) with Coventry, pursuant to which Coventry
committed to purchase up to $10,000,000 of the Company’s common stock over a 36-month period beginning on the effective date of
the registration statement required under the agreement.

As
an inducement to Coventry entering into this Equity Line Agreement, the Company shall, as of the date of this Agreement and for no additional
consideration, issue to Coventry an aggregate of 5,000,000 shares of Common Stock (the “Commitment Shares”). Upon issuance,
the Commitment Shares shall be duly authorized, fully paid, and non-assessable.

As
of September 30, 2025, the registration statement had not been filed or deemed effective. On November 10, 2025, the Company requested
from Coventry the return of the 5