Company: AGGI
Filing Date: 2025-10-31
Form Type: 10-12G
Source: 0001683168-25-007875
Chunk: 73

Company: Allied Energy, Inc.
Filing Date: 2025-10-31
Form: 10-12G
Chunk 73
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318,448 shares of Series B Preferred Stock issued and outstanding.

| F-13 |

Stock Option Plan – Subsidiary

The Company’s wholly owned subsidiary, BILI,
Inc., maintained an employee stock option plan under which certain employees of the subsidiary were granted options to purchase shares
of the subsidiary’s common stock. These stock options were issued and settled by the subsidiary and are not convertible into, or
based on, shares of the parent company.

During the year ended December 31, 2024, employees
exercised a total of 220,395 stock options, resulting in the issuance of 1,665,294 shares of the subsidiary’s common stock, all
of which were converted into shares of Series B Preferred Stock, pursuant to the Equity Exchange Agreement, and later into 3,839,840,644
shares of Common Stock of the Company. Total cash proceeds of $123,081 were received by the subsidiary in connection with these exercises
and are included in the consolidated statement of cash flows as a financing activity. As of September 30, 2024, Metamexx holds 100% of
the issued and outstanding shares of BILI, Inc. There are currently no outstanding unexercised options under the BILI, Inc. stock option
plan which was terminated by the board of directors of BILI, Inc. by a resolution effective on September 30, 2024.

The cost of stock-based compensation related to
these options is recognized by the subsidiary over the vesting period in accordance with ASC 718, Compensation – Stock Compensation,
and is included in the Company’s consolidated statements of operations. The corresponding increase in equity is reflected in additional
paid-in capital in the consolidated balance sheets.

Note 7 - Stock-Based Compensation

The Company’s wholly owned subsidiary, BILI
Inc., maintained an equity incentive plan that provided for the issuance of stock options to employees, directors, and consultants. Options
typically vested over service periods ranging from immediate to two years and expired one to two years from the grant date.

The fair value of stock options was estimated
on the grant date using a binomial option-pricing model with follow key assumptions:

| Years Ended December 31   |     | 2024 |                   |     | 2023 |                   |
|:--------------------------|:----|:-----|------------------:|:----|:-----|------------------:|
| Expected Dividend yield   |     |      |             0.