Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 203

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 3
Chunk 203
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 the Company of $170,000.00.

The
Coventry Note is repayable in 12 equal monthly installments of $18,333.33 beginning on August 22, 2025, and maturing on July 22, 2026.

The
Company shall issue ten million (10,000,000) shares of its restricted common stock (in book entry form) to Coventry Enterprises LLC (“Coventry”)
as commitment stock (the “Commitment Stock”). If the Company repays all of its obligations in full and in accordance with
the terms of the Promissory Note, and was never in default during the term of the Note (independently of any cure period), then Coventry
shall, within ten (10) calendar days thereafter, return five million (5,000,000) of the Commitment Stock shares to the Company’s
treasury for cancellation.

The
Company shall reserve thirty million (30,000,000) shares of its common stock for issuance to Coventry upon conversion of the Promissory
Note.

Coventry
Enterprises LLC Equity Line Agreement

The
Company entered into a Common Stock Purchase Agreement (the “Equity Line Agreement”) with Coventry Enterprises LLC, pursuant
to which Coventry committed to purchase up to $10,000,000.00 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 Enterprises LLC (“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 five million (5,000,000) shares of
Common Stock (the “Commitment Shares”). Upon issuance, the Commitment Shares shall be duly authorized, fully paid, and non-assessable.
In lieu of delivering a physical certificate for the Commitment Shares, the Company shall cause its transfer agent to record such shares
in electronic book entry format on its books and records and shall provide Coventry with a statement documenting such notation.

The
descriptions of the Quick Capital, LLC Note Purchase Agreement and Convertible Promissory Note, Coventry Enterprises LLC Securities Purchase
Agreement and Promissory Note, and Coventry Enterprises LLC Equity Line Agreement (collectively, the “Agreements”) provided
herein are summaries and do not contain all the details. Complete copies of each Agreement