Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 1377

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 1377
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, 2022 and a prospectus supplement dated
January 8, 2025. The closing of the sales of these securities under the Purchase Agreement took place on January 9, 2025 and the Company
received net proceeds of $4,537,000 after deducting placement fees and expenses of $563,000. The Company intends to use the net proceeds
from the offering for working capital and other general corporate purposes.

On January 7, 2025, the Company entered into an
engagement agreement with The Benchmark Company, LLC, as exclusive placement agent (“Benchmark” or the “Placement Agent”),
pursuant to which the Placement Agent agreed to act as placement agent on a reasonable “best efforts” basis in connection
with the Offering. The Company agreed to pay the Placement Agent an aggregate cash fee equal to 7.0% of the gross proceeds from the sale
of securities in the Offering and a non-accountable expense allowance equal to 1.0% of the gross proceeds raised in the Offering. The
Company also agreed to issue the Placement Agent (or its designees) a warrant (the “Placement Agent Warrant”) to
purchase up to 5% of the aggregate number of shares of Common Stock sold in the offering, or warrants to purchase up to 60,000 shares
of Common Stock, at an exercise price equal to 100.0% of the offering price per share of Common Stock, or $4.25 per share. The Placement
Agent Warrant is exercisable during the four-and-a-half year period commencing six months after the date of the closing of this Offering.
In addition, the Company agreed to pay the Placement Agent $80,000 for legal expenses and other out-of-pocket expenses.

F-24

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

Executive Bonus

On January 14, 2025, the compensation committee
of the board of directors of the Company approved and the Company paid a one-time bonus to the Company’s chief executive officer
in the amount of $350,000.

Cancellation of RPM Interactive Shares

On January 14, 2025, the Company agreed to cancel
3,500,000 shares of RPM Common Stock for no consideration.

Stock Options

On January 14, 2025, the Company granted