Company: CBLO
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001882781-25-000042
Chunk: 20

Company: C2 Blockchain, Inc.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 20
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 total proceeds of $200,000 under
a subscription agreement granting piggyback registration rights.

On July 22, 2025, the Company entered into a Note Purchase Agreement with Quick
Capital, LLC, pursuant to which it issued a convertible promissory note in the principal amount of $55,555.56, which included a
one-time guaranteed interest charge of $6,666.67, an original issue discount of $5,555.56, and $3,000 for Quick Capital’s
legal fees, resulting in net proceeds to the Company of $47,000. The note matures on or about April 22, 2026, and is convertible at
the investor’s option into shares of the Company’s common stock at a fixed conversion price of $0.01 or 65% of the
lowest trading price during the 20 trading days prior to conversion. The Company also issued to Quick Capital a warrant for
2,777,778 shares at an exercise price of $0.02 per share with a five-year term, equal to 100% warrant coverage. The Company
covenants to reserve sufficient authorized shares for full conversion and exercise of the note and warrant.

On July 22, 2025, the Company entered into a Securities Purchase Agreement with
Coventry Enterprises LLC, pursuant to which it issued a promissory note in the principal amount of $200,000. The note includes
$20,000 of guaranteed interest and was issued with a $20,000 original issue discount and $10,000 allocated to legal fees, resulting
in gross proceeds of $170,000. The note is repayable in 12 equal monthly installments beginning August 22, 2025, and maturing July
22, 2026. The Company also issued 10,000,000 shares of restricted common stock as commitment stock, of which 5,000,000 shares may be
returned to the treasury upon full repayment without default. The Company will reserve 30,000,000 shares of common stock for
issuance upon conversion of the note.

On or about July 22, 2025, the Company entered into a Common Stock Purchase
Agreement with Coventry Enterprises LLC (Equity Line Agreement), pursuant to which Coventry committed to purchase up to $10,000,000
of common stock over a 36-month period, with individual drawdowns limited to $250,000 or 200% of average daily trading