Company: CBLO
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001882781-25-000034
Chunk: 257

Company: C2 Blockchain, Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 5
Chunk 257
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 of:

a.
80% of the lowest trading price of the Company’s common stock during the 20 trading days prior to the closing date of the applicable
drawdown; or

b.
The effective price per share of any equity security issued by the Company at a lower price within the 30 business days prior to the
drawdown notice.

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
Company shall include on any registration and/or offering statement subsequently filed with the SEC, including without limitation any
offering statement other than a registration statement on Form S-8 or S-4, all Commitment Shares for resale by Coventry Enterprises LLC,
notwithstanding that Coventry may rely on another exemption, including Rule 144, to sell such shares.

The
Equity Line Agreement references the following: 1) “Commitment Period” shall mean the thirty-six (36) months immediately
following the initial date of effectiveness of the S-1 Registration Statement.

2)
“Transaction Documents” shall mean this Agreement and all schedules and exhibits hereto and thereto, including, but not limited
to, the Registration Rights Agreement by and between the Parties of even date herewith, attached hereto as Exhibit B.

3)
IV.9.REGISTRATION RIGHTS.

Except
as set forth on Schedule 4.9, in the Registration Rights Agreement by and between the Parties of even date herewith, attached hereto
as Exhibit B, no Person (other than the Investor) has any right to cause the Company to effect the registration under the Securities
Act of any securities of the Company or any Subsidiary.

4)
Schedule 4.9 – Registration Rights

5)
DEPOSITING SHARES. In the event that the investor cannot deposit the shares for any reason, for example the Stock is not “DWAC
Eligible”, the price is too low or it is subject