# EDGAR Filing Document

**Accession Number:** 0001466369
**File Stem:** 0001065949-25-000027
**Filing Date:** 2025-9
**Character Count:** 591308
**Document Hash:** 348a013de5b185182e822232ecf64391
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001065949-25-000027.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001065949-25-000027

**CONFORMED SUBMISSION TYPE**: S-1

**PUBLIC DOCUMENT COUNT**: 44

**FILED AS OF DATE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Global Industry Products, Corp.
- **CENTRAL INDEX KEY:** 0001466369

**ORGANIZATION NAME:**
- **EIN:** 264281445
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-1
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-290608
- **FILM NUMBER:** 251359441

**BUSINESS ADDRESS:**
- **STREET 1:** 7770 DEAN MARTIN DR., STE. 303
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89139
- **BUSINESS PHONE:** 800-662-2296

**MAIL ADDRESS:**
- **STREET 1:** 7770 DEAN MARTIN DR., STE. 303
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89139

As filed with the Securities and Exchange Commission on September 30, 2025

Registration No. 333-________

==============================================================================

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-1**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**<u>GLOBAL INDUSTRY PRODUCTS, CORP.</u>**

(Exact name of registrant as specified in its charter)

<u>Nevada</u> (State or jurisdiction of incorporation or organization) <u>5113</u> (Primary Standard Industrial Classification Code Number) <u>26-4281445</u> (I.R.S. Employer Identification No.)

7770 Dean Martin Dr., Ste. 303

Las Vegas, NV 89139

(800) 662-2296

<u>_________________________________________________</u>

(Address and telephone number of principal executive offices)

Chester I. Wright, III, CEO and CFO

7770 Dean Martin Dr., Ste. 303

Las Vegas, NV 89139

(800) 662-2296

<u>_________________________________________________________</u>

(Name, address and telephone number of agent for service)

COPIES OF ALL COMMUNICATIONS TO:

Michael A. Littman, Attorney at Law

PO BOX 1839, Arvada, CO 80001 / Phone (720) 800-1345

Approximate date of commencement of proposed sale to the public: As soon as possible after this Registration Statement becomes effective.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. [X]

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [_]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [_]

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [_]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [_] Accelerated filer [_] <br> Non-accelerated filer [X] Smaller reporting company [X] <br> Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. [_]

**CALCULATION OF REGISTRATION FEE**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security**<br> **Type** | **Security Class**<br> **Title** | **Fee**<br> **Calculation**<br> **or Carry**<br> **Forward**<br> **Rule** | **Amount Registered** | **Proposed Maximum Offering Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| &nbsp;&nbsp;&nbsp;Fees to Be Paid (1) | &nbsp;&nbsp;&nbsp;Fees to Be Paid (1) | &nbsp;&nbsp;&nbsp;Fees to Be Paid (1) | &nbsp;&nbsp;&nbsp;Fees to Be Paid (1) |  |  |  |  |
| Equity | Common Shares, $0.001 par value | <br>457(a) | 16158783 | $1.00 | $16158783 | $153.10 per $1,000,000 | $2473.91 |
| &nbsp;&nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;&nbsp;Fees Previously Paid | &nbsp;&nbsp;&nbsp;Fees Previously Paid | $0 |
| &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities | &nbsp;&nbsp;&nbsp;Carry Forward Securities |  |  |  |  |  |
| **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  |  |  | $0 |
| **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** |  |  |  | $0 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  | $0 |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $2473.91 |

---

____________

&nbsp;&nbsp;&nbsp;&nbsp;(1) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a).

The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.

**The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.**

**<u>PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED SEPTEMBER 30, 2025</u>**

**GLOBAL INDUSTRY PRODUCTS, CORP.**

**We are registering securities listed for sale as follows:**

Shares of Common Stock by Selling Shareholders 16,158,783

We will <u>not</u> receive any proceeds from sales of shares by selling shareholders.

Our Company is currently applying to OTCQB for quotation. Our selling shareholders may only sell common shares at $1.00 as a fixed price if our Company is quoted only on OTCID. If and upon achievement of quotation of our Company upon the OTCQB, shareholders may sell at market prices for the securities as the market may dictate from time to time or privately at any price. There is no current market for the common stock as of September 30, 2025.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Title** | &nbsp;&nbsp;**Price Per Share** |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;$1.00 |

---

 

Subject to the OTC QB approval for our common stock after the effective date of this Registration, our security holders may sell their securities at market prices or at any price in privately negotiated transactions.

 

*This offering involves a high degree of risk; see <u>"RISK FACTORS", beginning on page 6</u> to read about factors you should consider before buying shares of the common stock.*

***These securities have not been approved or disapproved by the Securities and Exchange Commission (the "SEC") or any state or provincial securities commission, nor has the SEC or any state or provincial securities commission passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.***

This offering will be on a delayed and continuous basis only after the distribution upon registration of stock to distributees and for sales of selling shareholders' shares. The selling shareholders are not paying any of the offering expenses and we will not receive any of the proceeds from the sale of the shares by the selling shareholders. (See "Description of Securities – Shares").

The information in this prospectus is not complete and may be changed. We may not sell these securities until the date that the registration statement relating to these securities, which has been filed with the Securities and Exchange Commission, becomes effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

The date of this Prospectus is September 30, 2025.

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;PART I – INFORMATION REQUIRED IN PROSPECTUS |  | &nbsp;&nbsp;Page No. |
| &nbsp;&nbsp;ITEM 1. | &nbsp;&nbsp;Front of Registration Statement and Outside Front Cover Page of Prospectus |  |
| &nbsp;&nbsp;ITEM 2. | &nbsp;&nbsp;Prospectus Cover Page |  |
| &nbsp;&nbsp;ITEM 3. | &nbsp;&nbsp;[Prospectus Summary Information, Risk Factors and Ratio of Earnings to Fixed Charges](#a_001) | &nbsp;&nbsp;2 |
| &nbsp;&nbsp;ITEM 4. | &nbsp;&nbsp;[Use of Proceeds](#a_002) | &nbsp;&nbsp;15 |
| &nbsp;&nbsp;ITEM 5. | &nbsp;&nbsp;[Determination of Offering Price](#a_003) | &nbsp;&nbsp;15 |
| &nbsp;&nbsp;ITEM 6. | &nbsp;&nbsp;[Dilution](#a_004) | &nbsp;&nbsp;15 |
| &nbsp;&nbsp;ITEM 7. | &nbsp;&nbsp;[Selling Security Holders](#a_005) | &nbsp;&nbsp;16 |
| &nbsp;&nbsp;ITEM 8. | &nbsp;&nbsp;[Plan of Distribution](#a_006) | &nbsp;&nbsp;24 |
| &nbsp;&nbsp;ITEM 9. | &nbsp;&nbsp;[Description of Securities](#a_007) | &nbsp;&nbsp;24 |
| &nbsp;&nbsp;ITEM 10. | &nbsp;&nbsp;[Interest of Named Experts and Counsel](#a_008) | &nbsp;&nbsp;25 |
| &nbsp;&nbsp;ITEM 11. | &nbsp;&nbsp;[Information with Respect to the Registrant](#a_009) | &nbsp;&nbsp;25 |
|  | &nbsp;&nbsp;[Description of Business](#a_010) | &nbsp;&nbsp;25 |
|  | &nbsp;&nbsp;[Description of Property](#a_031) | &nbsp;&nbsp;32 |
|  | &nbsp;&nbsp;[Legal Proceedings](#a_011) | &nbsp;&nbsp;35 |
|  | &nbsp;&nbsp;[Market for Common Equity and Related Stockholder Matters](#a_012) | &nbsp;&nbsp;35 |
|  | &nbsp;&nbsp;[Selected Financial Information](#a_013) | &nbsp;&nbsp;37 |
|  | &nbsp;&nbsp;[Supplementary Financial Information](#a_014) | &nbsp;&nbsp;37 |
|  | &nbsp;&nbsp;[Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_015) | &nbsp;&nbsp;37 |
|  | &nbsp;&nbsp;[Changes In and Disagreements With Accountants on Accounting and Financial Disclosure](#a_016) | &nbsp;&nbsp;44 |
|  | &nbsp;&nbsp;[Quantitative and Qualitative Disclosures About Market Risk](#a_017) | &nbsp;&nbsp;44 |
|  | &nbsp;&nbsp;[Directors and Executive Officers](#a_018) | &nbsp;&nbsp;44 |
|  | &nbsp;&nbsp;[Executive and Directors Compensation](#a_019) | &nbsp;&nbsp;48 |
|  | &nbsp;&nbsp;[Security Ownership of Certain Beneficial Owners and Management](#a_020) | &nbsp;&nbsp;50 |
|  | &nbsp;&nbsp;[Certain Relationships, Related Transactions, Promoters and Control Persons](#a_021) | &nbsp;&nbsp;52 |
| &nbsp;&nbsp;ITEM 11 A. | &nbsp;&nbsp;[Material Changes](#a_022) | &nbsp;&nbsp;53 |
| &nbsp;&nbsp;ITEM 12. | &nbsp;&nbsp;[Incorporation of Certain Information by Reference](#a_023) | &nbsp;&nbsp;53 |
| &nbsp;&nbsp;ITEM 12 A. | &nbsp;&nbsp;[Disclosure of Commission Position on Indemnification for Securities Act Liabilities](#a_024) | &nbsp;&nbsp;54 |
| &nbsp;&nbsp;PART II – INFORMATION NOT REQUIRED IN PROSPECTUS |  |  |
| &nbsp;&nbsp;ITEM 13. | &nbsp;&nbsp;[Other Expenses of Issuance and Distribution](#a_025) | &nbsp;&nbsp;II-1 |
| &nbsp;&nbsp;ITEM 14. | &nbsp;&nbsp;[Indemnification of Directors and Officers](#a_026) | &nbsp;&nbsp;II-1 |
| &nbsp;&nbsp;ITEM 15. | &nbsp;&nbsp;[Recent Sales of Unregistered Securities](#a_027) | &nbsp;&nbsp;II-2 |
| &nbsp;&nbsp;ITEM 16. | &nbsp;&nbsp;[Exhibits and Financial Statement Schedules](#a_028) | &nbsp;&nbsp;II-3 |
| &nbsp;&nbsp;ITEM 17. | &nbsp;&nbsp;[Undertakings](#a_029) | &nbsp;&nbsp;II-3 |
|  | &nbsp;&nbsp;[Signatures](#a_030) |  |

---

[**Table of Contents**](#TableOfContents)

**ITEM 3. PROSPECTUS SUMMARY INFORMATION, RISK FACTORS AND RATIO OF EARNINGS TO FIXED CHARGES**

**Our Company**

Global Industry Products, Corp. ("We," "us," "our," "Company," "Global Industry," or "GIP"), is incorporated in the State of Nevada with corporate operations located in Las Vegas, Nevada.

We are a distributor and manufacturer of goods to casinos, and retailers and redistributors. Our products include paper rolls, restaurant supplies, janitorial/bathroom supplies, liners and gloves, ribbons, toners and inks.

**<u>CORPORATE HISTORY</u>**

Global Industry Products, Corp. was incorporated in the state of Nevada on March 2, 2009 for the purpose of becoming a diversified distributor of non-durable products to the casino and retail industries and a product innovator and marketer of products worldwide.

We have grown from a small warehouse operation to our current business since 2009. See our business description under "Item 11 – Description of Business".

Our executive offices are located at 7770 Dean Martin Dr., Ste. 303, Las Vegas, NV 89139 and the telephone number is (800) 662-2296. We maintain a website at www.vegasretailsupply.com, and such website is not incorporated into or a part of this filing.

**<u>RISK FACTORS SUMMARY</u>**

Investing in our common stock involves a high degree of risk because our business is subject to numerous risks and uncertainties, as more fully described in the section titled "Risk Factors" included elsewhere in this prospectus. You should carefully consider these risks before making an investment. These risks include, but are not limited to, the following:

**Risk Factors Related to Our Business** 

&nbsp;&nbsp;&nbsp;&nbsp;· We have an evolving business model.

&nbsp;&nbsp;&nbsp;&nbsp;· Our success will depend, to a large degree, on the expertise and
experience of the members of our management team.

&nbsp;&nbsp;&nbsp;&nbsp;· We are dependent upon the efforts of our management for our success;
if this changes, this may be a risk to our investors.

&nbsp;&nbsp;&nbsp;&nbsp;· We have a limited amount of funds available for implementation of
our business plan and as a result, our business may not be successful.

&nbsp;&nbsp;&nbsp;&nbsp;· We have a volatile revenue history and stockholders cannot view our
past performance since we have a limited operating history.

&nbsp;&nbsp;&nbsp;&nbsp;· Our success and ability to grow our business depend on growing our
customer base. If we fail to add new customers, our business, revenue, operating results and financial condition could be harmed.

&nbsp;&nbsp;&nbsp;&nbsp;· We may have a shortage of working capital in the future which could
jeopardize our ability to carry out our business plan.

&nbsp;&nbsp;&nbsp;&nbsp;· We will need additional financing for which we have no commitments,
and this may jeopardize execution of our business plan.

&nbsp;&nbsp;&nbsp;&nbsp;· Reporting requirements under the exchange
act and compliance with the Sarbanes Oxley act of 2002, including establishing and maintaining acceptable internal controls over
financial reporting, are costly and may increase substantially.

&nbsp;&nbsp;&nbsp;&nbsp;· Competition from similar service providers.

&nbsp;&nbsp;&nbsp;&nbsp;· We have incurred significant losses and anticipate future losses.

&nbsp;&nbsp;&nbsp;&nbsp;· Our existing financial resources are insufficient to meet our ongoing
operating expenses.

[**Table of Contents**](#TableOfContents)

&nbsp;&nbsp;&nbsp;&nbsp;· Because insiders control our activities, that may cause us to act
in a manner that is most beneficial to them and not to outside shareholders which could cause us not to take actions that outside
investors might view favorably.

&nbsp;&nbsp;&nbsp;&nbsp;· Our officers and directors have the ability to effectively control
substantially all actions taken by stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;· We may depend upon outside advisors, who may not be available on
reasonable terms and as needed.

&nbsp;&nbsp;&nbsp;&nbsp;· The inability of our Company to adequately execute our growth or
expansion strategies would have a negative impact on our Company value.

**Risk Factors Related to Our Stock**

&nbsp;&nbsp;&nbsp;&nbsp;· We can give no assurance of success or profitability to our investors.

&nbsp;&nbsp;&nbsp;&nbsp;· We may in the future issue more shares of common stock which could
cause a loss of control by our present management and current stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;· We have authorized and designated Series A Preferred Convertible
Stock.

&nbsp;&nbsp;&nbsp;&nbsp;· We have authorized and designated Series F Preferred Convertible
Stock.

&nbsp;&nbsp;&nbsp;&nbsp;· We can issue future series of shares of Preferred Stock without shareholder
approval, which could adversely affect the rights of common shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;· Our officers and directors may have conflicts of interests as to
corporate opportunities which we may not be able or allowed to participate in.

&nbsp;&nbsp;&nbsp;&nbsp;· We have agreed to indemnification of officers and directors as is
provided by Nevada revised statutes.

&nbsp;&nbsp;&nbsp;&nbsp;· Our directors' liability to us and shareholders is limited.

&nbsp;&nbsp;&nbsp;&nbsp;· Our stock prices in the market may be volatile.

&nbsp;&nbsp;&nbsp;&nbsp;· No public market exists for our common stock at this time, and there
is no assurance of a future market.

&nbsp;&nbsp;&nbsp;&nbsp;· Our stock will, in all likelihood, be thinly traded and as a result
you may be unable to sell at or near ask prices or at all if you need to liquidate your shares.

&nbsp;&nbsp;&nbsp;&nbsp;· The regulation of penny stocks by SEC and FINRA may discourage the
tradability of our securities.

&nbsp;&nbsp;&nbsp;&nbsp;· We will pay no dividends in the foreseeable future.

&nbsp;&nbsp;&nbsp;&nbsp;· Rule 144 sales in the future may have a depressive effect on our
stock price.

&nbsp;&nbsp;&nbsp;&nbsp;· Any sales of our common stock, if in significant amounts, are likely
to depress the future market price of our securities.

&nbsp;&nbsp;&nbsp;&nbsp;· Our stockholders may suffer future dilution due to issuances of shares
for various considerations in the future.

&nbsp;&nbsp;&nbsp;&nbsp;· Any new potential investors will suffer a disproportionate risk and
there will be immediate dilution of existing investors' investments.

&nbsp;&nbsp;&nbsp;&nbsp;· We anticipate tariffs will significantly impact our business.

&nbsp;&nbsp;&nbsp;&nbsp;· We can issue shares of preferred stock without shareholder approval,
which could adversely affect the rights of common shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;· We will become a reporting company upon the effectiveness of this
registration statement.

[**Table of Contents**](#TableOfContents)

**IMPLICATIONS OF BEING A SMALLER REPORTING COMPANY** 

We are a "smaller reporting company" as defined in the Exchange Act. We may take advantage of certain of the scaled disclosures available to smaller reporting companies until the fiscal year following the determination that our voting and non-voting common stock held by non-affiliates is greater than $250 million measured on the last business day of our second fiscal quarter, or our annual revenues are less than $100 million during the most recently completed fiscal year and our voting and non-voting common stock held by non-affiliates is more than $700 million measured on the last business day of our second fiscal quarter.

**Summary of Financial Information** 

The following tables set forth, for the periods and as of the dates indicated, our summary financial data. The statements of operations for the six months ended June 30, 2025, and the balance sheet data as of June 30, 2025, are derived from our unaudited condensed financial statements. The unaudited financial statements include, in the opinion of management, all adjustments consisting of only normal recurring adjustments, that management considers necessary for the fair presentation of the financial information set forth in those statements. The statements of operations for the fiscal years ended December 31, 2024 and 2023, and the balance sheet data as of December 31, 2024 and 2023 are derived from our audited condensed financial statements. The audited financial statements include, in the opinion of management, all adjustments consisting of only normal recurring adjustments, that management considers necessary for the fair presentation of the financial information set forth in those statements. You should read the following information together with the more detailed information contained in "Selected Financial Data," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our financial statements and related notes included elsewhere in this prospectus. Our historical results are not indicative of the results to be expected in the future and results of interim periods are not necessarily indicative of results for the entire year.

---

| | | | |
|:---|:---|:---|:---|
|  | **June 30, 2025** | **December 31, 2024** | **December 31, 2023** |
| &nbsp;&nbsp;Total Assets | $2283369 | $2160283 | $2614452 |
| &nbsp;&nbsp;Current Liabilities | $461233 | $251672 | $610263 |
| &nbsp;&nbsp;Stockholders' Equity (Deficit) | $1520317 | $1751481 | $1719432 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Six Months Ended**<br> **June 30, 2025** | **Year Ended December 31, 2024**<br> **(Audited)** | **Year Ended December 31, 2023**<br> **(Audited)** |
| &nbsp;&nbsp;Revenues | $1640254 | $3136166 | $3550456 |
| &nbsp;&nbsp;Net Loss | $(231164) | $282919 | $(38167) |

---

At June 30, 2025, the accumulated deficit was ($4,314,737).

At December 31, 2024, the accumulated deficit was ($4,083,573). At December 31, 2023, the accumulated deficit was ($3,800,655). We anticipate that we will operate in a deficit position and continue to sustain net losses for the foreseeable future.

[**Table of Contents**](#TableOfContents)

**The Offering**

Our common stock, only, will be transferable immediately upon the effectiveness of the Registration Statement. (See "Description of Securities")

We are registering securities listed for sale as follows:

Common shares outstanding before this offering <u>22,533,783</u> <br> <u>Maximum common shares being offered by our existing selling shareholders</u> <u>16,158,783</u> <br> <u>Maximum common shares outstanding after this offering <sup>(1)</sup></u> <u>22,643,783</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 110,000 Series A Preferred Convertible for 110,000 common shares are included in the total shares of common stock.

We are authorized to issue 190,000,000 shares of common stock with a par value of $0.001 and 10,000,000 shares of preferred stock with a par value of $0.001. Our current shareholders, officers and directors collectively own 22,643,783 shares of common stock as of this date (fully diluted after conversion of 110,000 Series A Preferred shares upon the filing of this Registration Statement). Our shares being registered were issued in the following amounts and at the following prices:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Number of Shares** | &nbsp;&nbsp;**Original Consideration** | &nbsp;&nbsp;**Issue Price Per Share** |
| &nbsp;&nbsp;22,533,783 and 110,000 \* | &nbsp;&nbsp;Private Placements, Private Purchases, Services and Cash | &nbsp;&nbsp;Variable from $0.001 to $2.50 |

---

\* 110,000 of Series A Preferred Stock which is automatically converting to common stock (110,000 shares) upon the filing of this Registration Statement for a total of 22,643,783.

Currently there is no public trading market for our stock.

**Forward Looking Statements**

This prospectus contains various forward-looking statements that are based on our beliefs as well as assumptions made by and information currently available to us. When used in this prospectus, the words "believe," "expect," "anticipate," "estimate," and similar expressions are intended to identify forward-looking statements. These statements may include statements regarding seeking business opportunities, payment of operating expenses, and the like, and are subject to certain risks, uncertainties and assumptions which could cause actual results to differ materially from projections or estimates. Factors which could cause actual results to differ materially are discussed at length under the heading "Risk Factors." Should one or more of the enumerated risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Investors should not place undue reliance on forward-looking statements, all of which speak only as of the date made.

[**Table of Contents**](#TableOfContents)

**RISK FACTORS RELATED TO OUR BUSINESS**

WE HAVE AN EVOLVING BUSINESS MODEL.

As the economy evolves, so will our business model. We may continue to try to offer additional types of products, and we cannot offer any assurance that any of them will be successful. From time to time we may also modify aspects of our business model relating to our product mix offerings. We cannot offer any assurance that these or any other modifications will be successful or will not result in harm to the business. We may not be able to manage growth effectively, which could damage our reputation, limit our growth, and negatively affect our operating results.

OUR SUCCESS WILL DEPEND, TO A LARGE DEGREE, ON THE EXPERTISE AND EXPERIENCE OF THE MEMBERS OF OUR MANAGEMENT TEAM.

We will rely exclusively on the skills and expertise of our management team in conducting our business. Our management team has experience in wholesale office supplies services, janitorial and maintenance products industry, but there is no assurance that our management's efforts in this continuing business will be successful. We will be wholly dependent on the continued diligence and skill of our management team for the operations be successful in the future.

WE ARE DEPENDENT UPON THE EFFORTS OF OUR MANAGEMENT FOR OUR SUCCESS; IF THIS CHANGES, THIS MAY BE A RISK TO OUR INVESTORS.

Chester I. Wright III, CFO and CEO, currently devotes part time, roughly 20 hours per week, to the Company. If at any time Mr. Wright is unable to devote as much time (up to 20 hours per week) to the business of the Company, this may be an impediment to our business achievement. If Mr. Wright were not available due to health, we may not have devoted sufficient time and effort of new manager to manage our business, which could impair our ability to succeed in our business plan and could cause investment in our Company to lose value.

Spencer Fisher, President, devotes 40 hours a week to the business and Cathy Wilkinson devotes 17.5 hours a week as the Secretary to the business.

WE HAVE A VOLATILE REVENUE HISTORY AND STOCKHOLDERS CANNOT VIEW OUR PAST PERFORMANCE SINCE WE HAVE A LIMITED OPERATING HISTORY.

 

During the six-month period ended June 30, 2025, we recognized $1,640,254 in revenues. Our net loss for the year ended December 31, 2024 in the amount of ($282,919), and our net loss for the six months ended June 30, 2025 was ($231,164) and is indicative of our deficit revenues versus costs. We must be regarded as a developing venture with all of the unforeseen costs, expenses, problems, risks and difficulties to which such developing ventures are subject.

OUR SUCCESS AND ABILITY TO GROW OUR BUSINESS DEPEND ON GROWING OUR CUSTOMER BASE. IF WE FAIL TO ADD NEW CUSTOMERS, OUR BUSINESS, REVENUE, OPERATING RESULTS AND FINANCIAL CONDITION COULD BE HARMED.

Our ability to attract and retain new customers depends, in large part, on our ability to be perceived as providing accurate and insightful customer experiences, competitive pricing, and sales generation to our subscribers. In order to maintain this perception, we may be required to incur significantly higher marketing expenses, costs related to improving our service, and lower margins in order to attract and retain new customers. If we fail to remain competitive on customer experience, pricing, and usable metrics, our ability to grow our business and generate revenue by attracting and retaining customers may be adversely affected.

There are many factors that could negatively affect our ability to grow our customer base, including if:

&nbsp;&nbsp;&nbsp;&nbsp;• potential customers in a particular marketplace or generally do not
have a use for our products;

&nbsp;&nbsp;&nbsp;&nbsp;• our competitors mimic our products, causing current and potential
customers to purchase their products instead of our products;

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&nbsp;&nbsp;&nbsp;&nbsp;• our supply chain experiences disruptions;

&nbsp;&nbsp;&nbsp;&nbsp;• we experience unfavorable shifts in customer perception of our products;

&nbsp;&nbsp;&nbsp;&nbsp;• we suffer reputational harm to our brand resulting from negative
publicity, whether accurate or inaccurate;

&nbsp;&nbsp;&nbsp;&nbsp;• we may fail to offer new and competitive products;

&nbsp;&nbsp;&nbsp;&nbsp;• customers have difficulty integrating, updating or otherwise accessing
our products on mobile devices or web browsers as a result of actions by us or third parties;

&nbsp;&nbsp;&nbsp;&nbsp;• quality availability of products or other problems frustrate the
customer experience, particularly if those problems prevent us from generating solutions in a fast and reliable manner; or

&nbsp;&nbsp;&nbsp;&nbsp;• we are unable to address customer concerns regarding the product
performance, quantity or quality.

Our inability to overcome these challenges could impair our ability to attract and retain new customers and could have a material adverse effect on our business, revenue, operating results and financial condition.

WE MAY HAVE A SHORTAGE OF WORKING CAPITAL IN THE FUTURE WHICH COULD JEOPARDIZE OUR ABILITY TO CARRY OUT OUR BUSINESS PLAN.

Our capital needs consist primarily of expenses related to general and administrative operations and legal and professional fees that could exceed $250,000 for expansion and coverage of unforeseen impacts of tariffs upon our business in the next twelve months. Such funds are not currently committed, and we have cash of approximately $255,917 at June 30, 2025.

WE MAY NEED ADDITIONAL FINANCING FOR WHICH WE HAVE NO COMMITMENTS AND THIS MAY JEOPARDIZE CONTINUED EXECUTION OF OUR BUSINESS PLAN.

We have limited funds, and such funds may not be adequate to continue to carry out our business plan in our industry. Our ultimate success may depend upon our ability to raise additional capital. We are investigating the availability, sources, and terms that might govern the acquisition of additional capital.

We have no commitment at this time for additional capital. If we need additional capital, we have no assurance that funds will be available from any source or, if available, that they can be obtained on terms acceptable to us. If not available, our operations will be limited to those that can be financed with our modest capital.

REPORTING REQUIREMENTS UNDER THE EXCHANGE ACT AND COMPLIANCE WITH THE SARBANES-OXLEY ACT OF 2002, INCLUDING ESTABLISHING AND MAINTAINING ACCEPTABLE INTERNAL CONTROLS OVER FINANCIAL REPORTING, ARE COSTLY AND MAY INCREASE SUBSTANTIALLY.

The rules and regulations of the SEC require a public company to prepare and file periodic reports under the Exchange Act, which will require that the Company engage legal, accounting, auditing and other professional services. The engagement of such services is costly. Additionally, the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act") requires, among other things, that we design, implement and maintain adequate internal controls and procedures over financial reporting. The costs of complying with the Sarbanes-Oxley Act and the limited technically qualified personnel we have may make it difficult for us to design, implement and maintain adequate internal controls over financial reporting. In the event that we fail to maintain an effective system of internal controls or discover material weaknesses in our internal controls, we may not be able to produce reliable financial reports or report fraud, which may harm our overall financial condition and result in loss of investor confidence and a decline in our share price.

As a public company, we will be subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act, the Dodd-Frank Act of 2010 and other applicable securities rules and regulations. Despite recent reforms made

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possible by the JOBS Act, compliance with these rules and regulations will nonetheless increase our legal and financial compliance costs, make some activities more difficult, time-consuming or costly and increase demand on our systems and resources. The Exchange Act requires, among other things, that we file annual, quarterly, and current reports with respect to our business and operating results.

We are working with our legal, accounting and financial advisors to identify those areas in which changes should be made to our financial and management control systems to manage our growth and our obligations as a public company. These areas include corporate governance, corporate control, disclosure controls and procedures and financial reporting and accounting systems. We have made, and will continue to make, changes in these and other areas. However, we anticipate that the expenses that will be required in order to adequately prepare for being a public company could be material. We estimate that the aggregate cost of increased legal services; accounting and audit functions; personnel, such as a chief financial officer familiar with the obligations of public company reporting; consultants to design and implement internal controls; and financial printing alone will be a few hundred thousand dollars per year and could be several hundred thousand dollars per year. In addition, if and when we retain independent directors and/or additional members of senior management, we may incur additional expenses related to director compensation and/or premiums for directors' and officers' liability insurance, the costs of which we cannot estimate at this time. We may also incur additional expenses associated with investor relations and similar functions, the cost of which we also cannot estimate at this time. However, these additional expenses individually, or in the aggregate, may also be material.

In addition, being a public company could make it more difficult or more costly for us to obtain certain types of insurance, including directors' and officers' liability insurance, and we may be forced to accept reduced policy limits and coverage or incur substantially higher costs to obtain the same or similar coverage. The impact of these events could also make it more difficult for us to attract and retain qualified persons to serve on our board of directors, our board committees or as executive officers.

The increased costs associated with operating as a public company may decrease our net income or increase our net loss and may cause us to reduce costs in other areas of our business or increase the prices of our products or services to offset the effect of such increased costs. Additionally, if these requirements divert our management's attention from other business concerns, they could have a material adverse effect on our business, financial condition and results of operations.

COMPETITION FROM SIMILAR SERVICE PROVIDERS.

We expect to encounter competition from other entities having similar business objectives, some of whom may have greater resources than us. Virtually all of our competitors will have a competitive advantage and are much larger. The need to compete for investment opportunities may make it necessary for us to offer clients attractive transaction terms than otherwise might be the case.

WE HAVE INCURRED SIGNIFICANT LOSSES AND ANTICIPATE FUTURE LOSSES.

At June 30, 2025 we had an accumulated deficit of ($4,314,737) and a net loss for the six months of ($231,164). At December 31, 2024, we had an accumulated deficit of ($4,083,573) and for the year ended December 31, 2024, we incurred a net loss of ($282,919).

As a result of these, among other factors, we received from our registered independent public accountants in their report of the financial statements as of and for the years ended December 31, 2024 and 2023, an explanatory paragraph stating that there is substantial doubt about our ability to continue as a going concern.

OUR EXISTING FINANCIAL RESOURCES ARE INSUFFICIENT TO MEET OUR ONGOING OPERATING EXPENSES.

We have limited sources of revenues at this time and insufficient assets to meet our ongoing operating expenses. In the short term, unless we are able to raise additional debt and/or equity, we shall be unable to meet our ongoing operating expenses. There can be no assurance that we will be able to achieve adequate financial resources to remain in business.

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BECAUSE INSIDERS CONTROL OUR ACTIVITIES THAT MAY CAUSE US TO ACT IN A MANNER THAT IS MOST BENEFICIAL TO THEM AND NOT TO OUTSIDE SHAREHOLDERS WHICH COULD CAUSE US NOT TO TAKE ACTIONS THAT OUTSIDE INVESTORS MIGHT VIEW FAVORABLY

Our officers, directors, and holders of 5% or more of our issued and outstanding common stock beneficially own approximately 41.40% of our issued and outstanding common stock on a fully diluted basis, including the Series A Preferred Stock which votes one shares of common stock for every 1 share of Preferred at all times until converted (this figure does not include individuals who retain less than 5% holdings after the dilution is accounted for). As a result, they effectively control all matters requiring director and stockholder approval, including the election of directors, the approval of significant corporate transactions, such as mergers and related party transaction. These insiders also have the ability to delay or perhaps even block, by their ownership of our stock, an unsolicited tender offer. This concentration of ownership could have the effect of delaying, deterring or preventing a change in control of our Company that you might view favorably.

OUR OFFICERS AND DIRECTORS HAVE THE ABILITY TO EFFECTIVELY CONTROL SUBSTANTIALLY ALL ACTIONS TAKEN BY STOCKHOLDERS.

Chester I. Wright, III, the CEO, CFO, and a director of the Company, owns or beneficially controls 35.60% of the common stock, and, therefore he effectively controls substantially all actions taken by our stockholders with such a large percentage, including the election of directors. Such concentration of ownership could also have the effect of delaying, deterring or preventing a change in control that might otherwise be beneficial to stockholders and may also discourage the market for our stock due to the concentration.

WE MAY DEPEND UPON OUTSIDE ADVISORS, WHO MAY NOT BE AVAILABLE ON REASONABLE TERMS AND AS NEEDED.

To supplement the business experience of our officers and directors, we may be required to employ accountants, technical experts, appraisers, attorneys, or other consultants or advisors. Our Board without any input from stockholders will make the selection of any such advisors. Furthermore, it is anticipated that such persons may be engaged on an "as needed" basis without a continuing fiduciary or other obligation to us. In the event we consider it necessary to hire outside advisors, we may elect to hire persons who are affiliates, if they are able to provide the required services.

THE INABILITY OF OUR COMPANY TO ADEQUATELY EXECUTE OUR GROWTH OR EXPANSION STRATEGIES WOULD HAVE A NEGATIVE IMPACT ON OUR COMPANY VALUE.

The possibility that our Company will not be able to fully carry out or execute on its expansion or growth plans presents significant risk. Our success will ultimately depend on the success of our marketing. If our intended expansion or growth plan does not come to fruition or is otherwise impeded, or is unprofitable, we may not be able to stay in business or have any value.

**RISK FACTORS RELATED TO OUR STOCK**

WE CAN GIVE NO ASSURANCE OF SUCCESS OR PROFITABILITY TO OUR INVESTORS.

Cash flows generated from operating activities were not enough to support all working capital requirements for the six-month period ended June 30, 2025 and 2024. We incurred ($231,164) and ($189,898), respectively, in losses, for the six-month period ended June 30, 2025 and June 30, 2024. Cash flows from financing activities were ($337) and $275,000, respectively, for the same periods. These loss factors cause substantial doubt about our ability to continue as a going concern for a period of one year from the issuance of these financial statements.

In order for us to continue as a going concern, we will need to obtain additional debt or equity financing and look for companies with cash flow positive operations that we can acquire. There can be no assurance that we will be able to secure additional debt or equity financing, that we will be able to acquire cash flow positive operations, or that, if we are successful in any of those actions, those actions will produce adequate cash flow to enable us to meet all our future

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obligations. Most of our existing financing arrangements are short-term. If we are unable to obtain additional debt or equity financing, we may be required to significantly reduce or cease operations.

Our sources of capital are loans and sales of equity from common or preferred stock. We have no commitments for loans or equity sales at this date.

WE MAY IN THE FUTURE ISSUE MORE SHARES OF COMMON STOCK WHICH COULD CAUSE A LOSS OF CONTROL BY OUR PRESENT MANAGEMENT AND CURRENT STOCKHOLDERS.

 

We may issue further shares as consideration for the cash or assets or services out of our authorized but unissued common stock that would, upon issuance, represent a majority of the voting power and equity of our Company. The result of such an issuance would be those new stockholders and management would control our Company, and persons unknown could replace our management at this time. Such an occurrence would result in a greatly reduced percentage of ownership of our Company by our current shareholders, which could present significant risks to investors.

WE HAVE AUTHORIZED AND DESIGNATED SERIES A PREFERRED CONVERTIBLE STOCK.

Series A Preferred Convertible Stock (the "Series A Preferred") of which 110,000 shares of preferred stock are outstanding. Each share of Series A Preferred Stock shall be converted into one share of fully paid and non-assessable Common Stock upon filing of this registration statement. At this time, all shares of the Series A Preferred have been issued to two non-affiliate shareholders.

WE HAVE AUTHORIZED AND DESIGNATED SERIES F PREFERRED CONVERTIBLE STOCK.

Series F Preferred Convertible Stock (the "Series F Preferred") of which 163,724 shares of preferred stock have been authorized for the class. Each share of Series F Preferred Stock which is non-voting and only provides for participation in a royalty of 4% on two product lines up to approximately $160,000 as if this date. At this time, all shares of the Series F Preferred are held by shareholders who are not affiliates consisting of 163,724 shares of Series F Preferred shares. We do not intend to issue any more Series F Preferred stock.

WE CAN ISSUE FUTURE SERIES OF SHARES OF PREFERRED STOCK WITHOUT SHAREHOLDER APPROVAL, WHICH COULD ADVERSELY AFFECT THE RIGHTS OF COMMON SHAREHOLDERS.

Our Articles of Incorporation permit our Board of Directors to establish the rights, privileges, preferences and restrictions, including voting rights, of future series of stock and to issue such stock without approval from our shareholders. The rights of holders of common stock may suffer as a result of the rights granted to holders of preferred stock that may be issued in the future. In addition, we could issue preferred stock to prevent a change in control of our Company, depriving common shareholders of an opportunity to sell their stock at a price in excess of the prevailing market price.

 

OUR OFFICERS AND DIRECTORS MAY HAVE CONFLICTS OF INTERESTS AS TO CORPORATE OPPORTUNITIES WHICH WE MAY NOT BE ABLE OR ALLOWED TO PARTICIPATE IN.

Presently there is no requirement contained in our Articles of Incorporation, Bylaws, or minutes which require officers and directors of our business to disclose to us business opportunities which come to their attention. Our officers and directors do, however, have a fiduciary duty of loyalty to us to disclose to us any business opportunities which come to their attention, in their capacity as an officer and/or director or otherwise. Excluded from this duty would be opportunities which the person learns about through his involvement as an officer and director of another company. We have no intention of merging with or acquiring business opportunity from any affiliate or officer or director. (See "Conflicts of Interest" at page 45)

None of our Officers and Directors has any interest in any competitive business to ours or any service provider to our Company, other than in relation to the license agreement for the rebar product. The other businesses in which our officers and directors now participate have no relation to our business, do not compete with our business and do not supply services, materials, or technology to our business. We see the primary conflict as one of necessary time devoted to the Company business and internal controls and procedures for accounting for our quarterly and annual reports

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under Section 13(a) of the Securities Exchange Act of 1934, which must be filed timely under the section and quarterly reviews and annual audits by our auditors which require adequate record keeping.

WE HAVE AGREED TO INDEMNIFICATION OF OFFICERS AND DIRECTORS AS IS PROVIDED BY NEVADA REVISED STATUTES

Nevada Revised Statutes provide for the indemnification of our directors, officers, employees, and agents, under certain circumstances, against attorney's fees and other expenses incurred by them in any litigation to which they become a party arising from their association with or activities on our behalf. We will also bear the expenses of such litigation for any of our directors, officers, employees, or agents, upon such person's promise to repay us therefore if it is ultimately determined that any such person shall not have been entitled to indemnification. This indemnification policy could result in substantial expenditures by us that we will be unable to recoup.

OUR DIRECTORS' LIABILITY TO US AND SHAREHOLDERS IS LIMITED.

Nevada Revised Statutes exclude personal liability of our directors and our stockholders for monetary damages for breach of fiduciary duty except in certain specified circumstances. Accordingly, we will have a much more limited right of action against our directors than otherwise would be the case. This provision does not affect the liability of any director under federal or applicable state securities laws.

We have one full-time officer, our President Spencer Fisher, who devotes 40 hours per week which may impede our ability to carry on our business. Chester I. Wright, III, CEO and CFO, devotes up to 20+ hours per week on Company business. Cathy Wilkinson, our Secretary, devotes up to 17.5 hours per week on Company business.

OUR STOCK PRICES IN THE MARKET MAY BE VOLATILE.

 

The value of our Common stock following this offering may be highly volatile and could be subject to fluctuations in price in response to various factors, some of which are beyond our control. These factors include:

• quarterly variations in our results of operations or those of our competitors;

• announcements by us or our competitors of acquisitions, new products, significant contracts, commercial relationships or capital commitments;

• disruption to our operations or those of other sources critical to our operations;

• the emergence of new competitors or new technologies;

• our ability to develop and market new and enhanced products on a timely basis;

• seasonal or other variations in our subscriber base;

• commencement of, or our involvement in, litigation;

• availability of additional spectrum;

• dilutive issuances of our stock or the stock of our subsidiaries, or the incurrence of additional debt;

• changes in our board or management;

• adoption of new or different accounting standards;

• changes in governmental regulations or in the status of our regulatory approvals;

• changes in earnings estimates or recommendations by securities analysts; and

• general economic conditions and slow or negative growth of related markets.

In addition, the stock market in general, and the market for shares of supply in particular, has experienced price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of those companies. We expect the value of our common stock will be subject to such fluctuations.

NO PUBLIC MARKET EXISTS FOR OUR COMMON STOCK AT THIS TIME, AND THERE IS NO ASSURANCE OF A FUTURE MARKET.

There is no public market for our common stock, and no assurance can be given that a market will exist or that a shareholder ever will be able to liquidate his investment without considerable delay, if at all. If a market should

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continue, the price may be highly volatile. Factors such as those discussed in the "Risk Factors" section may have a significant impact upon the market price of the shares offered hereby. Due to the low price of our securities, many brokerage firms may not be willing to effect transactions in our securities. Even if a purchaser finds a broker willing to affect a transaction in our shares, the combination of brokerage commissions, state transfer taxes, if any, and any other selling costs may exceed the selling price. Further, many lending institutions will not permit the use of our shares as collateral for any loans.

OUR STOCK WILL, IN ALL LIKELIHOOD, BE THINLY TRADED AND AS A RESULT YOU MAY BE UNABLE TO SELL AT OR NEAR ASK PRICES OR AT ALL IF YOU NEED TO LIQUIDATE YOUR SHARES.

The shares of our common stock may be thinly traded. We are a small company which is relatively unknown to stock analysts, stock brokers, institutional stockholders and others in the investment community that generate or influence sales volume, and that even if we came to the attention of such persons, they tend to be risk-averse and would be reluctant to follow an unproven, early stage company such as ours or purchase or recommend the purchase of any of our securities until such time as we became more seasoned and viable. As a consequence, there may be periods of several days or more when trading activity in our securities is minimal or non-existent, as compared to a seasoned issuer which has a large and steady volume of trading activity that will generally support continuous sales without an adverse effect on Securities price. We cannot give you any assurance that a broader or more active public trading market for our common securities will develop or be sustained, or that any trading levels will be sustained. Due to these conditions, we can give stockholders no assurance that they will be able to sell their shares at or near ask prices or at all if they need money or otherwise desire to liquidate their securities.

THE REGULATION OF PENNY STOCKS BY SEC AND FINRA MAY DISCOURAGE THE TRADABILITY OF OUR SECURITIES.

 

We are a "penny stock" company. None of our securities currently trade in any market and, if ever available for trading, will be subject to a Securities and Exchange Commission rule that imposes special sales practice requirements upon broker-dealers who sell such securities to persons other than established customers or accredited investors. For purposes of the rule, the phrase "accredited investors" means, in general terms, institutions with assets in excess of $5,000,000, or individuals having a net worth in excess of $1,000,000 or having an annual income that exceeds $200,000 (or that, when combined with a spouse's income, exceeds $300,000). For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's written agreement to the transaction prior to the sale. Effectively, this discourages broker-dealers from executing trades in penny stocks. Consequently, the rule will affect the ability of purchasers in this offering to sell their securities in any market that might develop therefore because it imposes additional regulatory burdens on penny stock transactions.

In addition, the Securities and Exchange Commission has adopted a number of rules to regulate "penny stocks". Such rules include Rules 3a51-1, 15g-1, 15g-2, 15g-3, 15g-4, 15g-5, 15g-6, 15g-7, and 15g-9 under the Securities and Exchange Act of 1934, as amended. Because our securities constitute "penny stocks" within the meaning of the rules, the rules would apply to us and to our securities. The rules will further affect the ability of owners of shares to sell our securities in any market that might develop for them because it imposes additional regulatory burdens on penny stock transactions.

Shareholders should be aware that, according to the Securities and Exchange Commission, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include (i) control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer; (ii) manipulation of prices through prearranged matching of purchases and sales and false and misleading press releases; (iii) "boiler room" practices involving high-pressure sales tactics and unrealistic price projections by inexperienced salespersons; (iv) excessive and undisclosed bid-ask differentials and markups by selling broker-dealers; and (v) the wholesale dumping of the same securities by promoters and broker-dealers after prices have been manipulated to a desired consequent investor losses. Our management is aware of the abuses that have occurred historically in the penny stock market. Although we do not expect to be in a position to dictate the behavior of the market or of broker-dealers who participate in the market, management will strive within the confines of practical limitations to prevent the described patterns from being established with respect to our securities.

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Inventory in penny stocks have limited remedies in the event of violations of penny stock rules. While the courts are always available to seek remedies for fraud against us, most, if not all, brokerages require their customers to sign mandatory arbitration agreements in conjunction with opening trading accounts. Such arbitration may be through an independent arbiter. Investors may file a complaint with FINRA against the broker allegedly at fault, and FINRA may be the arbiter, under FINRA rules. Arbitration rules generally limit discovery and provide more expedient adjudication, but also provide limited remedies in damages, usually only the actual economic loss in the account. Investors should understand that if a fraud case is filed against a company in the courts it may be vigorously defended and may take years and great legal expenses and costs to pursue, which may not be economically feasible for small investors.

That absent arbitration agreements, specific legal remedies available to investors of penny stocks include the following:

If a penny stock is sold to the investor in violation of the requirements listed above, or other federal or state securities laws, the investor may be able to cancel the purchase and receive a refund of the investment.

If a penny stock is sold to the investor in a fraudulent manner, the investor may be able to sue the persons and firms that committed the fraud for damages.

The fact that we are a penny stock company will cause many brokers to refuse to handle transactions in the stocks, and may discourage trading activity and volume, or result in wide disparities between bid and ask prices. These may cause investors significant illiquidity of the stock at a price at which they may wish to sell or in the opportunity to complete a sale. Investors will have no effective legal remedies for these illiquidity issues.

WE WILL PAY NO DIVIDENDS IN THE FORESEEABLE FUTURE.

We have not paid dividends on our common stock and do not anticipate paying such dividends in the foreseeable future. Our Series F Preferred Stock has a limited dividend payable in cash to satisfy the Preference.

RULE 144 SALES IN THE FUTURE MAY HAVE A DEPRESSIVE EFFECT ON OUR STOCK PRICE.

All of the outstanding shares of common stock held by our present officers, directors, and affiliate stockholders are "restricted securities" within the meaning of Rule 144 under the Securities Act of 1933, as amended. As restricted Shares, these shares may be resold only pursuant to an effective registration statement or under the requirements of Rule 144 or other applicable exemptions from registration under the Act and as required under applicable state securities laws. Rule 144 provides in essence that a person who has held restricted securities for six months, under certain conditions, sell every three months, in brokerage transactions, a number of shares that does not exceed the greater of 1.0% of a company's outstanding common stock or the average weekly trading volume during the four calendar weeks prior to the sale. There is no limit on the amount of restricted securities that may be sold by a non-affiliate after the owner has held the restricted securities for a period of six months. A sale under Rule 144 or under any other exemption from the Act, if available, or pursuant to subsequent registration of shares of common stock of present stockholders, may have a depressive effect upon the price of the common stock in any market that may develop.

 

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ANY SALES OF OUR COMMON STOCK, IF IN SIGNIFICANT AMOUNTS, ARE LIKELY TO DEPRESS THE FUTURE MARKET PRICE OF OUR SECURITIES.

Assuming all of the shares of common stock held by the selling security holders registered hereby are sold, we would have 16,158,783 new shares that are freely tradable and therefore available for sale, in market or private transactions.

Unrestricted sales of 16,158,783 shares of stock by our selling stockholders could have a huge negative impact on our share price, and the market for our shares.

OUR STOCKHOLDERS MAY SUFFER FUTURE DILUTION DUE TO ISSUANCES OF SHARES FOR VARIOUS CONSIDERATIONS IN THE FUTURE.

There may be substantial dilution to our stockholders as a result of future decisions of the Board to issue shares without shareholder approval for cash, services, or acquisitions.

 

ANY NEW POTENTIAL INVESTORS WILL SUFFER A DISPROPORTIONATE RISK AND THERE WILL BE IMMEDIATE DILUTION OF EXISTING INVESTORS" INVESTMENTS.

Our present shareholders have acquired their securities at a cost significantly less than that which the investors purchasing pursuant to shares will pay for their stock holdings or at which future purchasers in the market may pay. Therefore, any new potential investors will bear most of the risk of loss.

WE ANTICIPATE TARIFFS WILL SIGNIFICANTLY IMPACT OUR BUSINESS

We anticipate that tariffs will significantly impact our pricing and availability for around 30% of our products. This challenge will not only affect us but will also pose equal difficulties for our vendors, suppliers, and ultimately our customers.

The threat of a recession, inflation, and other economic impacts may reduce the potential client base on which we rely.

WE CAN ISSUE SHARES OF PREFERRED STOCK WITHOUT SHAREHOLDER APPROVAL, WHICH COULD ADVERSELY AFFECT THE RIGHTS OF COMMON SHAREHOLDERS.

Our Articles of Incorporation permit our Board of Directors to establish the rights, privileges, preferences and restrictions, including voting rights, of future series of stock and to issue such stock without approval from our shareholders. The rights of holders of common stock may suffer as a result of the rights granted to holders of preferred stock that may be issued in the future. In addition, we could issue preferred stock to prevent a change in control of our Company, depriving common shareholders of an opportunity to sell their stock at a price in excess of the prevailing market price.

WE WILL BECOME A REPORTING COMPANY UPON THE EFFECTIVENESS OF THIS REGISTRATION STATEMENT.

We will become subject to the reporting requirements under the Securities and Exchange Act of 1934, Section 13a, after the effectiveness of this offering, pursuant to Section 15d of the Securities Act and we intend to be registered under Section 12(g). As a result, shareholders will have access to the information required to be reported by publicly held companies under the Exchange Act and the regulations thereunder. As a result, we will be subject to legal and accounting expenses that private companies are not subject to and this could affect our ability to generate operating income.

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**ITEM 4. USE OF PROCEEDS** 

We will not receive any proceeds from the sale of the shares being registered on behalf of our selling shareholders.

We may raise additional funds through a placement of shares of our common stock. At this time, there is no committed source for such funds, and we cannot give any assurances of being able to raise such funds. We will require additional funds to carry out our business plan. The availability and terms of any future financing will depend on market and other conditions.

**ITEM 5. DETERMINATION OF OFFERING PRICE** 

Our selling shareholders plan to sell common shares at market prices for so long as our Company may be quoted on OTCQB and as the market may dictate from time to time. There is no current market for the common stock, and our Company intends to complete an OTCQB application upon effectiveness of the Registration Statement.

 

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| | |
|:---|:---|
| **Title** | **Price Per Share** |
| &nbsp;&nbsp;Common Stock | $1.00 |

---

 

If we obtain OTCQB approval for our common stock, our security holders may sell their securities at market prices or at any price in privately negotiated transactions.

As of September 2, 2025, there were 22,533,783 shares of common stock issued and outstanding and 110,000 shares of Series A Preferred Shares that automatically convert upon this Registration filing to total 22,643,783 common shares.

The market share price likely bears no relationship to any criteria of goodwill value, asset value, market price or any other measure of value.

**ITEM 6. DILUTION**

The following table sets forth with respect to existing shares being offered and under this registration, the number of our shares of common stock offered by shareholders, the percentage ownership of such shares, and net tangible book value per share. All percentages are computed based upon cumulative shares and consideration assuming sale of all shares in the line item.

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| | | | |
|:---|:---|:---|:---|
|  | **Shares being offered for resale** | **Shares being offered for resale** | |
|  | **Number** | **Percent (1)** | **Net tangible book value**<br>**/Share (2)** |
| &nbsp;&nbsp;Shares of Common Stock by Existing Selling Shareholders | 16158783 | 100% | $0.079 |

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__________

(1) Percentage relates to total percentage of shares to be registered for existing shareholders.

(2) Based upon net tangible book value at December 31, 2024, fully diluted.

The common stock to be sold by the selling shareholders as provided in the "Selling Security Holders" section is common stock that is currently issued. Accordingly, there will be no dilution to our existing shareholders.

"Net tangible book value" is the amount that results from subtracting the total liabilities and intangible assets from the total assets of an entity. Dilution occurs because we determined the offering price based on factors other than those used in computing book value of our stock. Dilution exists because the net tangible book value of shares held by existing stockholders is lower than the offering price offered to resale investors.

As of December 31, 2024 and December 31, 2023, the net tangible book value of our stock was $0.078 and $0.077 per share, respectively.

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**ITEM 7. SELLING SECURITY HOLDERS**

The common shares being offered for resale by the selling security holders and consist of 16,158,783 shares of our common stock.

The selling shareholders obtained their shares of our stock in the following transactions:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Number of Shares** | &nbsp;&nbsp;**Original Consideration** | &nbsp;&nbsp;**Issue Price Per Share** |
| &nbsp;&nbsp;22,533,783 and 110,000 \* | &nbsp;&nbsp;Private Placements, Private Purchases, Services and Cash | &nbsp;&nbsp;Variable from $0.001 to $2.50 |

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\* 110,000 of Series A Preferred Stock which is automatically converting to common stock (110,000 shares) upon the filing of this Registration Statement for a total of 22,643,783.

Other than the stock transactions discussed above, we have not entered into any transaction nor are there any proposed transactions in which any founder, director, executive officer, significant shareholder of our company or any member of the immediate family of any of the foregoing had or is to have a direct or indirect material interest.

No person who may, in the future, be considered a promoter of this offering, will receive or expect to receive assets, services or other considerations from us except those persons who are our salaried employees or directors. No assets will be, nor expected to be, acquired from any promoter on behalf of us. We have not entered into any agreements that require disclosure to the shareholders.

(a) All of the securities listed below are being registered for resale in this Registration Statement.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;Alan M. Fisher | 137971 | <1% | 0 | 0% |
| &nbsp;&nbsp;Alan M. Fisher IRA #32798 IRA Resources, Custodian | 54200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Alan W. Kaplin & Marcia S. Kaplin | 392000 | 1.73% | 0 | 0% |
| &nbsp;&nbsp;Albert Goodis | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Albert Goodis Rev Living Trust | 114750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Albert Sanchez | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Alexander Montanarella | 30000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Allan Clyde Sollows | 63100 | <1% | 0 | 0% |
| &nbsp;&nbsp;Allen B Nelson #21105 IRA Resources, Custodian | 79600 | <1% | 0 | 0% |
| &nbsp;&nbsp;Allen Nelson | 36500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Amber Benson and Robert Walker, TTWROS | 124400 | <1% | 0 | 0% |
| &nbsp;&nbsp;Amber Benson IRA #35-21546 IRA Resources, Custodian | 50000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Anastasia Wright | 134000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Anethea Chavez | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Ann T. McElligott | 172901 | <1% | 0 | 0% |
| &nbsp;&nbsp;Arden A Akland | 48890 | <1% | 0 | 0% |

---

[**Table of Contents**](#TableOfContents)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;Arnold Living Trust Dated October 15, 1980 (3) | 7000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Arnold E. Victor | 50000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Arnold Victor Equity Trust IRA | 30000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Barbara Buck | 2750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Barbara J. Rippley Revocable Trust date June 29, 1994 (3) | 29500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Barbara R. Buck aka Barbro R. Buck Trust dated May 29, 2006 (3) | 12000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Barbara Savalick | 19250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Bradford G Lampshire | 44672 | <1% | 0 | 0% |
| &nbsp;&nbsp;Buddy Guy | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Carol Ann Nelson IRA Resources IRA 35-21874 | 97000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Catherine Wilkinson (2) | 90000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Chester Wright III and Viktoriya Wright (2)(6) | 1500000 | 35.43% | 5720000 | 25.26% |
| &nbsp;&nbsp;Chester Wright Jr. and/or Agnes Wright | 534000 | 2.36% | 0 | 0% |
| &nbsp;&nbsp;Chris Ragaisis | 7458 | <1% | 0 | 0% |
| &nbsp;&nbsp;Christa Schacht | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Cindy L McIntoch Revocable Trust Dated September 26, 2018 (3) | 27750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Claire Maya | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Clayton Hirsch | 73200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Daniel Braisted | 1000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Daniel Dean | 40000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Daniel Yoshpe | 82866 | <1% | 0 | 0% |
| &nbsp;&nbsp;Darrell Christian | 12000 | <1% | 0 | 0% |
| &nbsp;&nbsp;David Branger | 15938 | <1% | 0 | 0% |
| &nbsp;&nbsp;David Braylyan | 50000 | <1% | 0 | 0% |
| &nbsp;&nbsp;David Chinuge | 209000 | <1% | 0 | 0% |
| &nbsp;&nbsp;David Jacks | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;David Yuska | 6000 | <1% | 0 | 0% |
| &nbsp;&nbsp;David Zaccaria | 160100 | <1% | 0 | 0% |
| &nbsp;&nbsp;Debra Pascoe | 24184 | <1% | 0 | 0% |
| &nbsp;&nbsp;Dennis J. Najarian | 333515 | 1.47% | 0 | 0% |
| &nbsp;&nbsp;Dominc Illiano | 25000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Donald Doonan | 11225 | <1% | 0 | 0% |
| &nbsp;&nbsp;Donald Sauve | 253250 | 1.19% | 0 | 0% |
| &nbsp;&nbsp;Donna Arnold | 36000 | <1% | 0 | 0% |
| &nbsp;&nbsp;E. Elaine Schuster | 30000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Edmund Russek | 89500 | <1% | 0 | 0% |

---

[**Table of Contents**](#TableOfContents)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;Eleanore H Schwartz | 33667 | <1% | 0 | 0% |
| &nbsp;&nbsp;Ethan Gologor | 601112 | 2.6% | 0 | 0% |
| &nbsp;&nbsp;Evelyn H. Nakamura | 72200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Fay Ashely & Allan Sollows | 6250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Fenner Family Trust (3) | 88400 | <1% | 0 | 0% |
| &nbsp;&nbsp;Finnila Family Trust (3) | 5680 | <1% | 0 | 0% |
| &nbsp;&nbsp;Frank Campolo | 9750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Frank Campolo IRA RESOURCES IRA 35-36497 | 15250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Frank Li | 25000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Gary Alan Gusewitch #21423 IRA Resources, Custodian | 116000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Gary Alan Gusewitch #35-35126 IRA Resources, Custodian | 42600 | <1% | 0 | 0% |
| &nbsp;&nbsp;Gary Michael Taylor IRA #182292 Equity Trust | 26922 | <1% | 0 | 0% |
| &nbsp;&nbsp;Georgina Adams IRA #183477 Equity Trust | 7250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Gerald C Morehouse Jr. | 100000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Gerald W. Simonson | 24500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Gilbert Engen | 261816 | 1.16% | 0 | 0% |
| &nbsp;&nbsp;Gilbert Engen and Dona Engen | 129750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Glen Fedyna & Kathy Fedyna | 14500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Glennon Zelch | 30629 | <1% | 0 | 0% |
| &nbsp;&nbsp;H Eugene Swantz Jr | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Harger Loving Trust (3) | 86500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Harry S. Katz | 9940 | <1% | 0 | 0% |
| &nbsp;&nbsp;Helen F. Grim | 22717 | <1% | 0 | 0% |
| &nbsp;&nbsp;Herb Henderson | 40000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Herbert J Smith and Pamela M Smith | 48750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Hirota Family Trust Dtd Aug 2008 (3) | 30000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Hunt B Wagstaff | 103667 | <1% | 0 | 0% |
| &nbsp;&nbsp;Jack E. Janne IRA 181353 (3) | 146500 | <1% | 0 | 0% |
| &nbsp;&nbsp;James A Villanueva | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Bradford | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Ciminelli | 61000 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Cody | 6000 | <1% | 0 | 0% |
| &nbsp;&nbsp;James H Stansberry | 126625 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Michael Clancy | 31200 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Michael Clancy IRA #13637-11 | 8500 | <1% | 0 | 0% |
| &nbsp;&nbsp;James N. Bradford #34303 IRA Resources, Custodian | 64200 | <1% | 0 | 0% |

---

[**Table of Contents**](#TableOfContents)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;James or Ann Johnston | 14200 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Rankin | 12000 | <1% | 0 | 0% |
| &nbsp;&nbsp;James Roy | 136000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Janne Family Trust dated May 12, 2004 (3) | 68400 | <1% | 0 | 0% |
| &nbsp;&nbsp;Jean S Weasner | 128486 | <1% | 0 | 0% |
| &nbsp;&nbsp;Jeanine S Loose Trust (3) | 14629 | <1% | 0 | 0% |
| &nbsp;&nbsp;Jeanne E Tracy | 105000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Jennifer Wright | 134000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Jerry Willis | 7437 | <1% | 0 | 0% |
| &nbsp;&nbsp;Joan Edwards - GMP Securities LP | 22717 | <1% | 0 | 0% |
| &nbsp;&nbsp;Johanna Hirota | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;John A Hoffman | 40000 | <1% | 0 | 0% |
| &nbsp;&nbsp;John Irvine | 36000 | <1% | 0 | 0% |
| &nbsp;&nbsp;John H. Johnson | 24183 | <1% | 0 | 0% |
| &nbsp;&nbsp;Judith H. Johnson | 24183 | <1% | 0 | 0% |
| &nbsp;&nbsp;Justin Jones | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Kara K.L. Costanza | 4125 | <1% | 0 | 0% |
| &nbsp;&nbsp;Katrina Kennedy | 5000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Kenneth B Kaplin | 45000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Kenneth Dorn | 70000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Lawrence R. Chasson | 2500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Lawrence R. Chasson #35-34900 IRA Resources, Custodian | 20200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Lee C. Menicucci | 14200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Lee Piette | 120000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Leo A McCrory | 50000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Leo Bailleaux Lucy Ling Bailieaux | 19250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Leo Gillies | 24200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Leonie and John Bowers | 14200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Lloyd P. Rutherford | 15000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Lynda Morelli | 7459 | <1% | 0 | 0% |
| &nbsp;&nbsp;Marian D Heiser | 77852 | <1% | 0 | 0% |
| &nbsp;&nbsp;Marie T Taylor | 7250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Marilyn Doerter | 9250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Mark Pickenheim | 460375 | 2.03% | 0 | 0% |
| &nbsp;&nbsp;Mark Pickenheim A/C 178713 | 159550 | <1% | 0 | 0% |
| &nbsp;&nbsp;Mark Pickenheim A/C 184112 | 36250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Mark Pickenheim Roth IRA 2003688 | 60000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Mark Zalan | 45000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Mary A Grant | 2217 | <1% | 0 | 0% |

---

[**Table of Contents**](#TableOfContents)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;Mary Grant IRA #183789 Equity Trust | 21322 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Mary Lynne Hawthorne Irrevocable Trust (3) | 44000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Masuen Family Living Trust 4/8/1991 (3) | 28000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Maves Family Legacy Trust FBO Scott Maves 32-6487620 (3) | 12818 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Maves Family Charitable Lead Annuity (3) | 18564 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Maves Family Legacy Trust FBO Robert Maves 32-6484621 (3) | 12818 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Mayra Sanchez | 45000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Melissa Najera | 125000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Melody David | 44000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Michael Fernandez | 10000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Michael Giles | 60000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Michael R. Giles #35-34973 IRA Resources, Custodian | 33880 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Michael Tompkins | 81100 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Michelle Place | 190000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Mike Hafeman | 14400 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Mike Kinney and Karin Kinney | 9375 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Naco Construction Inc. PSP (3) | 120000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Neil Rasmussen | 45000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Nelson W. Townes Jr. | 10000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Nicholas Benson | 206600 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Pamela B Kalczyk (7) | 40000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Patrick E Greco 35-34846 IRA Resources, Custodian | 20000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Patrick E. Greco | 40000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Patrick Kearns | 30000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Patti Survivor's Trust dated 11/5 92 (3) | 7000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Paul David DeLancey | 20000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Ping Wen Ben Chu Equity Trust IRA #182786 | 72500 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;R. F. Levine | 6876 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Rafael Rivera | 20000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Raffi King | 35500 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Reuben Lange | 24625 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Richard A and Annamarie F Langlie | 6000 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Richard B Long and Patricia K Long | 28400 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Richard B. Long | 28400 | &nbsp;&nbsp;<1% | 0 | 0% |
| &nbsp;&nbsp;Richard L. Hand and Lois M. Hand | 24200 | &nbsp;&nbsp;<1% | 0 | 0% |

---

[**Table of Contents**](#TableOfContents)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;Richard Langlie | 7250 | <1% | 0 | 0% |
| &nbsp;&nbsp;Richard Reining | 288236 | 1.27% | 0 | 0% |
| &nbsp;&nbsp;Rising Eagle LLC (3) | 43125 | <1% | 0 | 0% |
| &nbsp;&nbsp;Rita Gertrude Reggio Trust DTD 090700 - Rita G. Reggio Trustee | 9750 | <1% | 0 | 0% |
| &nbsp;&nbsp;Robert Dettle | 36000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Robert Dobling (7) | 310000 | 1.37% | 0 | 0% |
| &nbsp;&nbsp;Robert Kramer Jr. | 30000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Robert L Armstrong | 15000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Robert L Bush | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Robert L Dobling Equity Trust IRA #151621 | 60000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Robert Sieman | 8534 | <1% | 0 | 0% |
| &nbsp;&nbsp;Rodger L. Maechtlen Revocable Trust dated May 1, 1996 (3) | 287680 | 1.29% | 0 | 0% |
| &nbsp;&nbsp;Rodger Maechtlen | 14500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Roger Kallstrom | 24000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Roger Max Hoover | 23350 | <1% | 0 | 0% |
| &nbsp;&nbsp;Roman Antonov | 80000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Ronald Haffner | 20875 | <1% | 0 | 0% |
| &nbsp;&nbsp;Ronald Morris | 14200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Ronald Morris #33928 IRA Resources, Custodian | 28400 | <1% | 0 | 0% |
| &nbsp;&nbsp;Rosalyn Dullerud | 9004 | <1% | 0 | 0% |
| &nbsp;&nbsp;Rosey-King Enterprises, Inc. (3) | 29000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Samantha Ragaisis | 7458 | <1% | 0 | 0% |
| &nbsp;&nbsp;Sandra Emon | 60000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Spencer Fisher (2) | 250000 | 4.48% | 765000 | 3.38% |
| &nbsp;&nbsp;Stacy S. Giles IRA Resources #35-34972 | 15360 | <1% | 0 | 0% |
| &nbsp;&nbsp;Stan Zborovski | 24000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Steve Sadler | 16000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Stock Family Trust (3) | 90000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Swantz Trust Revocable Trust dated January 7, 1977 (3) | 242925 | 1.07% | 0 | 0% |
| &nbsp;&nbsp;The Duignan Family Trust (3) | 120000 | <1% | 0 | 0% |
| &nbsp;&nbsp;The Fish Campa LLC (3) | 27500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Thomas Price | 131500 | <1% | 0 | 0% |
| &nbsp;&nbsp;Timothy Germany | 14200 | <1% | 0 | 0% |
| &nbsp;&nbsp;Timothy Sandoval | 60000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Thomas H. Pringle | 40000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Vasily Zolotow | 100000 | <1% | 0 | 0% |

---

[**Table of Contents**](#TableOfContents)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Common Shares to be registered for resale** | **% Owned before Offering (1)** | **Shares owned after Offering** | **% owned after Offering (5)** |
| &nbsp;&nbsp;Victor Pankey Living Trust (3) | 464650 | 2.05% | 0 | 0% |
| &nbsp;&nbsp;Virgil Wigley | 80000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Walter Pagels | 12000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Wayne R. Hierseman Living Trust (3) | 74050 | <1% | 0 | 0% |
| &nbsp;&nbsp;White Oak Profit Sharing (3) | 61000 | <1% | 0 | 0% |
| &nbsp;&nbsp;William Boccheciamp | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;William Bolt | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;William J Masuen | 10000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Yurly Boguslavsky | 50000 | <1% | 0 | 0% |
| &nbsp;&nbsp;Zalan Family Living Trust (2) | 1300000 | 5.7% | 0 | 0% |
| &nbsp;&nbsp;Zergiebel Trust (3) | 28400 | <1% | 0 | 0% |
| &nbsp;&nbsp;Zifchock Love Irrev. Wealth Trust (2)(3) | 20000 | <1% | 0 | 0% |
| &nbsp;&nbsp;**GRAND TOTAL (4)** | **16158783** | **71.36%** | **6485000** | **28.64%** |

---

____________

(1) Based upon 22,643,783 shares of common stock issued and outstanding. 110,000 Series A Preferred Convertible for 110,000 common shares are included in the total shares of common stock. 163,724 Series F Preferred for zero common shares are <u>not</u> included in the total shares of common stock as they have no conversion feature.

(2) Officer and/or director of our Company, or an affiliated entity or spouse of officer/director and therefore deemed beneficially owned by officer/director.

(3) The individuals have voting control for the entities noted in the list below (b).

(4) We are registering a total of 1,840,000 shares of common stock in which our officers/directors and control shareholders are considered to have beneficial ownership.

(5) Assumes resale of all shares registered for resale.

(6) The % owned after offering has been shown as aggregated due to joint beneficial ownership of Wrights.

(7) 110,000 common shares issued in conversion of Series A Preferred which convert upon the filing of this registration statement.

[**Table of Contents**](#TableOfContents)

(b) The table below shows the person with voting control for the entities listed in (a) above.

---

| | | | |
|:---|:---|:---|:---|
| **Name of the Entity** | **Person With Voting Control** | **Number of Common Shares Being Registered** | **Affiliate of Company?** |
| &nbsp;&nbsp;Arnold Living Trust Dated October 15, 1980 | &nbsp;&nbsp;Donna Arnold | 57000 | No |
| &nbsp;&nbsp;Barbara J. Rippley Revocable Trust date June 29, 1994 | &nbsp;&nbsp;Barbara J Rippley | 29500 | No |
| &nbsp;&nbsp;Barbara R. Buck aka Barbro R. Buck Trust dated May 29, 2006 | &nbsp;&nbsp;Barbara R. Buck | 12000 | No |
| &nbsp;&nbsp;Cindy L McIntoch Revocable Trust Dated September 26, 2018 | &nbsp;&nbsp;Cindy L McIntoch | 27750 | No |
| &nbsp;&nbsp;Fenner Family Trust | &nbsp;&nbsp;Brian Fenner | 88400 | No |
| &nbsp;&nbsp;Finnila Family Trust |  | 5680 | No |
| &nbsp;&nbsp;Harger Loving Trust | &nbsp;&nbsp;Warren Harger | 36500 | No |
| &nbsp;&nbsp;Hirota Family Trust Dtd Aug 2008 | &nbsp;&nbsp;Johanna Hirota | 30000 | No |
| &nbsp;&nbsp;Janne Family Trust dated May 12, 2004 | &nbsp;&nbsp;Jack Janne | 68400 | No |
| &nbsp;&nbsp;Jeanine S Loose Trust | &nbsp;&nbsp;Jeanine S Loose | 14629 | No |
| &nbsp;&nbsp;Mary Lynne Hawthorne Irrevocable Trust | &nbsp;&nbsp;Lyn Hawthorne | 44000 | No |
| &nbsp;&nbsp;Masuen Family Living Trust 4/8/1991 | &nbsp;&nbsp;William J Masuen and Marilyn S. Masuen | 28000 | No |
| &nbsp;&nbsp;Maves Family Legacy Trust 32-6487620 | &nbsp;&nbsp;Jeffrey Rostad, Bremer | 12818 | No |
| &nbsp;&nbsp;Maves Family Charitable Lead Annuity | &nbsp;&nbsp;Jeffrey Rostad, Bremer | 18564 | No |
| &nbsp;&nbsp;Maves Family Legacy Trust 32-6484621 | &nbsp;&nbsp;Jeffrey Rostad, Bremer | 12818 | No |
| &nbsp;&nbsp;Naco Construction Inc. PSP | &nbsp;&nbsp;Nate Stock | 120000 | No |
| &nbsp;&nbsp;Patti Survivor's Trust dated 11/5 92 | &nbsp;&nbsp;Adam Nach | 7000 | No |
| &nbsp;&nbsp;Rising Eagle LLC | &nbsp;&nbsp;Adam Suggs | 43125 | No |
| &nbsp;&nbsp;Rodger L. Maechtlen Revocable Trust dated May 1, 1996 | &nbsp;&nbsp;Rodger Maechtlen | 287680 | No |
| &nbsp;&nbsp;Rosey-King Enterprises, Inc. | &nbsp;&nbsp;Roosevelt Freeman | 29000 | No |
| &nbsp;&nbsp;Stock Family Trust | &nbsp;&nbsp;Nate Stock | 90000 | No |
| &nbsp;&nbsp;Swantz Trust Revocable Trust dated January 7, 1977 | &nbsp;&nbsp;Jennifer Stokum | 242925 | No |
| &nbsp;&nbsp;The Duignan Family Trust | &nbsp;&nbsp;Eileen Hepp | 120000 | No |
| &nbsp;&nbsp;The Fish Campa LLC | &nbsp;&nbsp;Larry Campa | 27500 | No |
| &nbsp;&nbsp;Victor Pankey Living Trust | &nbsp;&nbsp;Victor Pankey | 464650 | No |
| &nbsp;&nbsp;Wayne R. Hierseman Living Trust | &nbsp;&nbsp;David Hierseman | 8000 | No |
| &nbsp;&nbsp;White Oak Profit Sharing | &nbsp;&nbsp;Gary Gusewitch | 61000 | No |
| &nbsp;&nbsp;Zalan Family Living Trust | &nbsp;&nbsp;Elaina Zalan | 1300000 | No |
| &nbsp;&nbsp;Zergiebel Trust | &nbsp;&nbsp;Charles Zergiebel | 28400 | No |
| &nbsp;&nbsp;Zifchock Love Irrev. Wealth Trust | &nbsp;&nbsp;James Zifchockand Patricia Love | 20000 | No |

---

________

[**Table of Contents**](#TableOfContents)

**ITEM 8. PLAN OF DISTRIBUTION** 

Upon effectiveness of this registration statement, of which this prospectus is a part, if our shares are approved for quotation on the OTCQB our security holders may sell their securities at market prices or at any price in privately negotiated. Until the shares are quoted on the OTCQB, the shares may only be sold at the price of $1.00 per share in any transaction.

The selling shareholders are not paying any of the offering expenses and we will not receive any of the proceeds from the sale of the shares by the selling shareholders.

The selling shareholders may, from time to time, sell all or a portion of the shares beneficially owned by them and offered hereby directly or through one or more underwriters, broker-dealers, or agents. These sales may be made on any national securities exchange or quotation service on which our shares may be listed or quoted at the time of sale, in the over-the-counter market, in negotiated transactions, or otherwise, at market prices prevailing at the time of sale, at prices related to such market prices, or at negotiated prices.

The selling shareholders may use any one or more of the following methods when selling shares:

&nbsp;&nbsp;&nbsp;&nbsp;· ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers;

&nbsp;&nbsp;&nbsp;&nbsp;· block trades in which the broker-dealer will attempt to sell shares
as agent but may position and resell a portion of the block as principal;

&nbsp;&nbsp;&nbsp;&nbsp;· purchases by a broker-dealer as principal and resale by the broker-dealer
for its account;

&nbsp;&nbsp;&nbsp;&nbsp;· an exchange distribution in accordance with the rules of the applicable
exchange;

&nbsp;&nbsp;&nbsp;&nbsp;· privately negotiated transactions;

&nbsp;&nbsp;&nbsp;&nbsp;· short sales, hedging transactions, or derivatives;

&nbsp;&nbsp;&nbsp;&nbsp;· a combination of any of these methods of sale; or

&nbsp;&nbsp;&nbsp;&nbsp;· any other method permitted by law.

Broker-dealers engaged by the selling shareholders may receive commissions, discounts, or concessions from the selling shareholders (and, if they act as agent for the purchaser of shares, from such purchaser). Broker-dealers may be deemed to be "underwriters" within the meaning of the Securities Act in connection with sales of the shares.

**ITEM 9. DESCRIPTION OF SECURITIES**

The securities being registered and/or offered by this Prospectus are common shares.

**Common Stock**

The Company is presently authorized to issue one hundred ninety million (190,000,000) shares of its $0.001 par value common shares. A total of 22,533,783 common shares are deemed issued and outstanding as of September 2, 2025. After automatic conversion of the Series A Preferred Stock upon the filing of this Registration a total of 22,643,783 common shares are outstanding. At December 31, 2024 and 2023, there were a total of 22,423,783 and 22,423,783 shares of common stock issued and outstanding, respectively.

All shares, when issued, will be fully paid and non-assessable. All shares are equal to each other with respect to voting, liquidation, and dividend rights. Special Stockholders' meetings may be called by the Officers or Directors, or upon the request of holders of at least one-fifth (1/5th) of the outstanding shares. Holders of shares are entitled to one vote at any Stockholders' meeting for each share they own as of the record date set by the Board of Directors. There is no quorum requirement for Stockholders' meetings. Therefore, a vote of the majority of the shares represented at a meeting will govern even if this is substantially less than a majority of the shares outstanding. Holders of shares are entitled to receive such dividends as may be declared by the Board of Directors out of funds legally available therefore, and upon liquidation are entitled to participate pro rata in a distribution of assets available for such a distribution to Stockholders. There are no conversion, pre-emptive or other subscription rights or privileges with respect to any shares. Reference is made to the Company's Articles of Incorporation and its By-Laws as well as to the applicable statutes of the State of Nevada for a more complete description of the rights and liabilities of holders of shares. It

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should be noted that the Board of Directors without notice to the Stockholders may amend the By-Laws. The shares of the Company do not have cumulative voting rights, which mean that the holders of more than fifty percent (50%) of the shares voting for election of Directors may elect all the Directors if they choose to do so. In such event, the holders of the remaining shares aggregating less than fifty percent (50%) of the shares voting for election of Directors may not be able to elect any Director.

**Preferred Stock** 

The Company is presently authorized to issue Ten Million (10,000,000) shares of its $0.001 par value Preferred Stock. A total of 110,000 shares are designated Series A Preferred shares and, as of September 2, 2025, 110,000 are issued and outstanding but will convert automatically to common on a one for one basis upon the filing of this Registration Statement. A total of 163,724 shares are designated Series F Preferred shares and, as of September 2, 2025, 163,724 are issued and outstanding.

**<u>Series A Preferred Stock</u>**

Series A Preferred Stock will automatically convert to common stock when the Company files a registration statement with the SEC.

**<u>Series F Preferred Stock</u>**

Series F Preferred stockholders will receive a prorated share of 4% of the revenue from the Company's IP products to a maximum amount equal to the investment made, which is represented by dividend payable amount recorded. Current IP products are Buffalo Eraser Sponge, FitBoxr/FitBodi, and the newest Smack-Out. (Buffaloclean.com, Fitboxr.com, Fitbodi.com, Smack-out.com)

<u>Transfer Agent</u>

The transfer agent and registrar for our common stock is Mountain Share Transfer, LLC. The transfer agent's address is 2030 Powers Ferry Road SE., Suite 212, Atlanta, GA 30339, and its telephone number is 404-474-3110.

**ITEM 10. INTEREST OF NAMED EXPERTS AND COUNSEL**

Except as set forth at the end of this paragraph, no expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the Common Stock was employed on a contingency basis or had, or is to receive, in connection with the offering, a substantial interest, directly or indirectly, in the Registrant or any of its parents or subsidiaries. Nor was any such person connected with the Registrant or any of its parents, subsidiaries as a promoter, managing or principal underwriter, voting trustee, Director, officer, or employee.

**ITEM 11. INFORMATION WITH RESPECT TO THE REGISTRANT**

**<u>DESCRIPTION OF BUSINESS</u>**

**BUSINESS SUMMARY** 

This prospectus contains various forward-looking statements that are based on our beliefs as well as assumptions made by and information currently available to us. When used in this prospectus, the words "believe," "expect," "anticipate," "estimate," and similar expressions are intended to identify forward-looking statements. These statements may include statements regarding seeking business opportunities, payment of operating expenses, and the like, and are subject to certain risks, uncertainties and assumptions which could cause actual results to differ materially from projections or estimates. Factors which could cause actual results to differ materially are discussed at length under the heading "Risk Factors". Should one or more of the enumerated risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Investors should not place undue reliance on forward-looking statements, all of which speak only as of the date made.

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*In this prospectus, unless the context requires otherwise, references to "we," "our," or "us," "Company," "Global Industry," or "GIP" refer to Global Industry Products, Corp.*

**Company Overview and History**

On March 2, 2009, the Company was incorporated in the State of Nevada with corporate operations located in Las Vegas, Nevada.

We are and have been since inception in 2009 a distributor and manufacturer of goods to casinos, and retailers and redistributors. Our products include paper rolls, restaurant supplies, janitorial/bathroom supplies, liners and gloves, ribbons, toners and inks.

**Current Business** 

Approximately 45% of our sales come from our Patriot Paper brand, which features products proudly made in the USA. Additionally, 25% of our sales are generated from other product lines that also originate from American manufacturing. The food service industry and hospitality industry rely heavily on Chinese products. We anticipate that tariffs will significantly impact our pricing and availability for around 30% of our products. This challenge will not only affect us but will also pose equal difficulties for our vendors, suppliers, and ultimately our customers.

GIP relies on 3 to 4 vendors for nearly every product line, sourcing imports from various countries. While pricing may not pose an immediate threat to GIP's sales—since all suppliers face similar difficulties—the true challenge will likely be product availability. Vendors may become hesitant to maintain stock on goods that risk substantial value fluctuation with little warning. Consequently, end users may find themselves anxious about securing essential products.

However, this situation could present GIP with new opportunities, as we strive to assist our clients in navigating these uncertainties and securing the products they need. End users are understandably anxious about securing the necessary products that meet their needs. This concern presents a significant opportunity for GIP to expand its future prospects. By allowing end users to diversify their approved vendor lists, they can effectively hedge against potential product shortages and unavailability. This expansion not only enhances the resilience of their supply chains but also empowers GIP to position itself as a reliable partner in navigating the complexities of product procurement.

We primarily operate in Nevada but also have national accounts, such as Dollar General. Our intellectual products include the Buffalo Eraser Sponge, which was previously sold on the Home Shopping Network and Walmart before the COVID-19 pandemic; we are currently working to reintroduce it to these retailers. Additionally, our FitBoxr product is sold nationally through FitBoxr.com, FitBodi.com, and Amazon. We have also secured a contract for our Smack-Out product with an international distributor for sales in Europe and China, and we are in the process of establishing distributors for North America as well. Both the FitBoxr and Smack-Out products benefit from international patents, highlighting our commitment to innovation and market reach.

Global Industry Products, Corp. serves as a distributor in the non-durable goods sector. With a robust distribution division, GIP specializes in a variety of essential products, including disposable janitorial and sanitation items, food service supplies, money handling equipment, and office necessities, catering to both local and national markets. In addition to its general offerings, GIP plays a significant role in the casino industry by supplying wholesale products such as thermal receipt paper, cups, straws, trash liners, and other crucial items.

Furthermore, GIP has established a national presence by supplying products under contract to major retailers like Dollar General, showcasing its commitment to quality and service across diverse markets. Through its innovative approach and wide-ranging product offerings, GIP continues to meet the evolving needs of its customers while maintaining a strong foothold in the industry.

Operating under the trade name Vegas Retail Supply, GIP serves a diverse range of local non-casino businesses in Las Vegas. With a strong focus on quality and innovation, GIP has successfully developed several private label brands, notably "Patriot Paper," which specializes in providing high-quality, US made, receipt paper rolls. This strategic move has positioned GIP as the largest independent distributor of receipt paper in the Las Vegas market, allowing the

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company to cater effectively to the unique needs of various local enterprises. By prioritizing customer satisfaction and offering reliable products, GIP continues to strengthen its foothold in the competitive retail supply landscape of the city.

The GIP New Products Division has successfully leveraged its intellectual property skills to develop innovative products that transform everyday tasks. One standout creation is the Buffalo Eraser Sponge, a durable cleaning sponge designed to minimize the use of harsh chemicals while delivering impressive cleaning results. Before the COVID-19 pandemic, this exceptional product garnered attention on the Home Shopping Network, showcasing its effectiveness to a broad audience. Another remarkable offering from GIP is the FitBoxr (FitBodi) exercise tool, an internationally patented device that ensures users maintain correct body posture during a comprehensive upper body workout.

The latest invention, the internationally patented "Smack-Out" game, is set to revolutionize family game nights. Designed for two players, this thrilling new game promises endless fun and friendly competition, catering to players of all ages. With its unique blend of excitement and entertainment, "Smack-Out" is destined to become a favorite among families and friends alike. The game's design was finalized by GIP at the end of 2024, showcasing innovative features that enhance the gaming experience. To further amplify its reach, GIP has signed a multi-year distribution license with a well-established game manufacturer and distributor, targeting the lucrative European and Chinese markets.

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The following brands are owned by Global Industry Products, Corp.:

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Logo** | &nbsp;&nbsp;**Business Description** | &nbsp;&nbsp;**Brand Inception Date** | &nbsp;&nbsp;**Ownership** |
| &nbsp;&nbsp;![](image_001.gif) | &nbsp;&nbsp;A division of Global Industry Products (GIP), sales office supplies and other non-durable goods to customers in the Las Vegas marketplace. The website is www.VegasRetailSupply.com. | &nbsp;&nbsp;2010 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_001.jpg) | &nbsp;&nbsp;Complete line of branded paper roll products. Serving all of USA and Canada. Patriot paper logo is a pending registered Trademark. The website is www.PatriotPaperProducts.com. | &nbsp;&nbsp;2019 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_002.jpg) | &nbsp;&nbsp;Sous Chef is a source for the Food Service professionals for quality disposable products. Currently branding beverage napkins, plastic cups and straws. Sous Chef logo is a pending registered Trademark. The website is www.SousChefProducts.com. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_003.jpg) | &nbsp;&nbsp;The Buffalo Eraser Sponge is more powerful, more durable, more effective, more efficient, and more versatile than the Mr. Clean Magic Eraser and lasts more than 10x longer. The Buffalo Eraser Sponge has retailed on Amazon, in Las Vegas area Wal-Marts and was featured on the Home Shopping Network. The Buffalo Clean will continue to expand its line with additional high-quality cleaning products Buffalo Sponge is a registered Trademark. The website is www.BuffaloClean.com. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_004.jpg) | &nbsp;&nbsp;Quality line of personal paper products. Current branding of toilet seat covers, toilet tissue and facial tissue. Bellasoft is a pending registered Trademark. The website is www.BellasoftPaper.com. | &nbsp;&nbsp;2014 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_005.jpg) | &nbsp;&nbsp;Initial branding of gloves, trash liners and safety glasses. The website is www.FlexPlusIndustries.com. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;100% |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Logo** | &nbsp;&nbsp;**Business Description** | &nbsp;&nbsp;**Brand Inception Date** | &nbsp;&nbsp;**Ownership** |
| &nbsp;&nbsp;![](image_006.jpg) | &nbsp;&nbsp;100% Guaranteed Compatible ribbons, toners and ink cartridges. Complete line of branded products. RTCInk is a pending registered Trademark. The website is www.RTCInk.com. | &nbsp;&nbsp;2016 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_007.jpg) | &nbsp;&nbsp;Environmentally Necessary® is a pending registered trademark owned by GIP. Licensing is available for identifying products that everyone should use to support the wellbeing of our planet. Licensing of trademark is offered for no cost during for first year of use subsequent years licensing based on product sales volume. The website is www.EnvironmentallyNecessary.com. | &nbsp;&nbsp;2016 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_008.jpg) | &nbsp;&nbsp;The FitBoxr is a new portable exercise product where resistance bands are affixed to the harness to perform weight resistance exercises. FitBoxr is patented and has a Registered trademark. Great for young and old. Use it at home, at the office, while traveling or at the gym. The FitBoxr is adjustable to fit and has interchangeable resistance bands for different strength levels. It is sold currently through FitBoxr.com, Amazon and previously sold on Home Shopping Network. The website is www.FitBoxr.com. | &nbsp;&nbsp;2019 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_009.jpg) | &nbsp;&nbsp;Additional branding of the FitBoxr to include various fitness products with a more general market appeal. Registered Trademark is pending. The website is www.FitBodi.com. | &nbsp;&nbsp;2021 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_010.jpg) | &nbsp;&nbsp;Fitness training classes, courses and music. The website is www.FitBoxing.com. | &nbsp;&nbsp;2019 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_011.jpg) | &nbsp;&nbsp;Smack-Out is a new 2025 family fun board game and owned by GIP. Smack-Out has been tested and approved by both children and adults. Pending license for distribution in Asia and Europe is currently being negotiated. Will be distributed by GIP in North America. International patents pending and trademarks pending. The website is www.Smack-Out.com. | &nbsp;&nbsp;2023 | &nbsp;&nbsp;100% |

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**<u>Office Address</u>**

Our executive offices are located at 7770 Dean Martin Dr., Ste. 303, Las Vegas, NV 89139 and the telephone number is (800) 662-2296. We maintain a website at www.vegasretailsupply.com, and such website is not incorporated into or a part of this filing.

**<u>Corporate Organization Chart</u>**

Below is an overview of Global Industry Products, Corp. corporate structure.

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| |
|:---|
| &nbsp;&nbsp; **GLOBAL INDUSTRY PRODUCTS CORP.**<br> (a Nevada corporation) |
| &nbsp;&nbsp;**No Subsidiaries** |

---

If we are unable to generate enough revenue to cover our operational costs beginning the first quarter of 2025, we will need to seek additional sources of funds. Currently, we have <u>no</u> committed source for any funds as of date hereof. No representation is made that any funds will be available when needed. In the event funds cannot be raised if and when needed, we may not be able to carry out our business plan and could fail in business as a result of these uncertainties.

The independent registered public accounting firm's report on our financial statements as of December 31, 2024, includes a "going concern" explanatory paragraph that describes substantial doubt about our ability to continue as a going concern.

**Liquidity and Capital Resource Needs & Plan of Operations** 

The Company currently has approximately $255,917 in cash as of June 30, 2025 for operations. Its capital resource is its common and preferred stock. As disclosed in the balance sheet, the Company has accumulated losses at the reporting period and limited cash resources. The ability of the Company to continue as a going concern depends upon its ability to develop profitable operations and to continue to raise adequate financing. Management is actively targeting sources of additional financing to provide continuation of the Company's operations.

In order for the Company to meet its liabilities as they come due and to continue its operations, the Company is solely dependent upon its ability to generate such financing. The Company is actively seeking financing to fully execute the next phase of the Company's growth initiatives. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance of common shares from the Company's authorized capital. The Company believes it can satisfy minimum cash requirements for the next twelve months with either equity financing, convertible debenture or, if needed, loans from shareholders.

The Company intends to seek alternate sources of funding, including but not limited to seeking other debt or equity financing as may be necessary. No sources have been identified for any funding.

**<u>COVID-19</u>**

In December 2019, COVID-19 emerged and subsequently spread worldwide. The World Health Organization declared COVID-19 a pandemic resulting in federal, state and local governments and private entities mandating various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories and quarantining of people who may have been exposed to the virus.

As the COVID-19 pandemic was complex and rapidly evolving, the Company experienced a slowing of our business in 2020-2021.

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**INDUSTRY ANALYSIS AND HISTORY**

<u>Barriers to Entry in the Products Supply Industry</u>

There is one major barrier to entry into the products supply industry which is capital. We have had limited capital with which to compete in this industry. Many other competitors have been in the business for many years and have very large capital resources and an established reputation. Our impediments have been in addition to lack of capital and lack of equity in our Company upon which to base a capital raise.

<u>Competitive Factors Impacting Our Ability to Gain Market Share</u>

Our competition enjoys advantages which may prevent us from achieving a market share due to our competitors' known reputations, competent management, and capital resources all of which will impede our abilities to achieve market share.

<u>Competitive Factors in the Industry</u>

Our primary competitors are BradyPlus, Sysco, and Shetakis Wholesalers.

<u>Registrant's Competitive Position in the Industry</u>

Registrant is a small participant in the products supply industry on a limited regional basis and cannot be expected to obtain a market share on any national basis. Without a large infusion of capital, it will remain a very small participant in the industry.

<u>Historical Track Records</u>

Our Company has a historical track record of operations since 2009 (see "Risk Factors").

**COMPETITION, MARKETS, REGULATION AND TAXATION**

<u>Competition</u>

There are a large number of companies and individuals engaged in the software industry; accordingly, there is a high degree of competition. Almost all of the companies and individuals so engaged have substantially greater technical and financial resources than we do.

We are an insignificant participant in the products supply industry. There are many established companies that have significantly greater financial and personnel resources and technical expertise than we have. In view of our limited financial resources and limited management availability, we will continue to be at a significant competitive disadvantage compared to our competitors.

<u>Markets.</u>

Our market is highly competitive and constantly changing. Commercial success is frequently dependent on capital availability, the effectiveness and sufficiency of which are very difficult to predict accurately.

<u>Governmental Regulation.</u>

*<u>Federal Regulations.</u>*

 

We are subject to regulations by securities laws as a public Company.

*<u>Compliance with Environmental Laws and Regulations</u>.*

We are not involved in operations with environmental considerations for our business.

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*<u>State Regulations</u>.*

Certain states may require that we obtain a Local Business License. We have a Nevada business license. We intend to address this on an as needed basis.

For additional information about these matters, see "Risk Factors."

**LICENSES**

None.

**TITLE TO PROPERTIES**

None.

**BACKLOG OF ORDERS**

We currently have no backlogs of orders for sales, at this time.

**GOVERNMENT CONTRACTS**

We have no government contracts.

**COMPANY SPONSORED RESEARCH AND DEVELOPMENT**

We are not conducting any research.

**NUMBER OF PERSONS EMPLOYED**

We have six full-time employees and two part-time sub-contractors at this time.

Chester I. Wright, III, CEO CFO and director, works approximately 20 hours per week. Spencer Fisher, President and director, works approximately 40 hours per week and Cathy Wilkinson, Secretary, works up to 17.5 hours per week.

**<u>DESCRIPTION OF PROPERTY</u>**

DESCRIPTION OF PROPERTIES/ASSETS

(a) Real Estate. None.

(b) Title to properties. None.

(c) Patents, Trade Names, Trademarks and Copyrights \*

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\* The following brands are owned by Global Industry Products, Corp.:

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Logo** | &nbsp;&nbsp;**Business Description** | &nbsp;&nbsp;**Brand Inception Date** | &nbsp;&nbsp;**Ownership** |
| &nbsp;&nbsp;![](image_001.gif) | &nbsp;&nbsp;A division of Global Industry Products (GIP), sales office supplies and other non-durable goods to customers in the Las Vegas marketplace. The website is www.VegasRetailSupply.com. | &nbsp;&nbsp;2010 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_001.jpg) | &nbsp;&nbsp;Complete line of branded paper roll products. Serving all of USA and Canada. Patriot paper logo is a pending registered Trademark. The website is www.PatriotPaperProducts.com. | &nbsp;&nbsp;2019 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_002.jpg) | &nbsp;&nbsp;Sous Chef is a source for the Food Service professionals for quality disposable products. Currently branding beverage napkins, plastic cups and straws. Sous Chef logo is a pending registered Trademark. The website is www.SousChefProducts.com. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_003.jpg) | &nbsp;&nbsp;The Buffalo Eraser Sponge is more powerful, more durable, more effective, more efficient, and more versatile than the Mr. Clean Magic Eraser and lasts more than 10x longer. The Buffalo Eraser Sponge has retailed on Amazon, in Las Vegas area Wal-Marts and was featured on the Home Shopping Network. The Buffalo Clean will continue to expand its line with additional high-quality cleaning products Buffalo Sponge is a registered Trademark. The website is www.BuffaloClean.com. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_004.jpg) | &nbsp;&nbsp;Quality line of personal paper products. Current branding of toilet seat covers, toilet tissue and facial tissue. Bellasoft is a pending registered Trademark. The website is www.BellasoftPaper.com. | &nbsp;&nbsp;2014 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_012.jpg) | &nbsp;&nbsp;Initial branding of gloves, trash liners and safety glasses. The website is www.FlexPlusIndustries.com. | &nbsp;&nbsp;2017 | &nbsp;&nbsp;100% |

---

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| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Logo** | &nbsp;&nbsp;**Business Description** | &nbsp;&nbsp;**Brand Inception Date** | &nbsp;&nbsp;**Ownership** |
| &nbsp;&nbsp;![](image_013.jpg) | &nbsp;&nbsp;100% Guaranteed Compatible ribbons, toners and ink cartridges. Complete line of branded products. RTCInk is a pending registered Trademark. The website is www.RTCInk.com. | &nbsp;&nbsp;2016 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_007.jpg) | &nbsp;&nbsp;Environmentally Necessary® is a pending registered trademark owned by GIP. Licensing is available for identifying products that everyone should use to support the wellbeing of our planet. Licensing of trademark is offered for no cost during for first year of use subsequent years licensing based on product sales volume. The website is www.EnvironmentallyNecessary.com. | &nbsp;&nbsp;2016 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_008.jpg) | &nbsp;&nbsp;The FitBoxr is a new portable exercise product where resistance bands are affixed to the harness to perform weight resistance exercises. FitBoxr is patented and has a Registered trademark. Great for young and old. Use it at home, at the office, while traveling or at the gym. The FitBoxr is adjustable to fit and has interchangeable resistance bands for different strength levels. It is sold currently through FitBoxr.com, Amazon and previously sold on Home Shopping Network. The website is www.FitBoxr.com. | &nbsp;&nbsp;2019 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_009.jpg) | &nbsp;&nbsp;Additional branding of the FitBoxr to include various fitness products with a more general market appeal. Registered Trademark is pending. The website is www.FitBodi.com. | &nbsp;&nbsp;2021 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_010.jpg) | &nbsp;&nbsp;Fitness training classes, courses and music. The website is www.FitBoxing.com. | &nbsp;&nbsp;2019 | &nbsp;&nbsp;100% |
| &nbsp;&nbsp;![](image_011.jpg) | &nbsp;&nbsp;Smack-Out is a new 2025 family fun board game and owned by GIP. Smack-Out has been tested and approved by both children and adults. Pending license for distribution in Asia and Europe is currently being negotiated. Will be distributed by GIP in North America. International patents pending and trademarks pending. The website is www.Smack-Out.com. | &nbsp;&nbsp;2023 | &nbsp;&nbsp;100% |

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We do not own any real property but lease an office space. On May 1, 2025, the Company executed a non-cancellable lease in a warehouse complex at a new location at 7770 Dean Martin Dr.; Las Vegas, NV 89139 for a base rent of $16,390, $19,668, $23,437, $23,437 and $23,437 for May 2025, June 2025, July 2025, August 2025 and September 2025, respectively. Base rent will increase to $24,421 beginning on October 1, 2025, with a 4.3% annual increase and initial cams of $4,442. The lease will expire on October 31, 2028.

We believe that substantially all of our property and equipment is in good condition, subject to normal wear and tear, and that our facilities have sufficient capacity to meet the current needs of our business.

**<u>LEGAL PROCEEDINGS</u>**

We may be subject to various claims and legal actions arising in the ordinary course of business from time to time. We believe that the ultimate resolution of these matters, whether individually or in the aggregate, will not have a material adverse effect on our business, prospects, financial condition and results of operations.

We currently are not involved in any legal proceedings.

**<u>MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS</u>**

<u>Market Information</u>

Currently there is no public trading market for our stock. We will apply for OTCQB concurrently upon effectiveness of this Registration Statement.

The following table sets forth the high and low bid quotations of our common stock for the periods indicated **\*:**

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| | | |
|:---|:---|:---|
| **Fiscal 2025** | **Low** | **High** |
| First Quarter – ended March 31, 2025 | $0 | $0 |
| Second Quarter - ended June 30, 2025 | $0 | $0 |
| **Fiscal 2024** | **Low** | **High** |
| First Quarter – ended March 31, 2024 | $0 | $0 |
| Second Quarter – ended June 30, 2024 | $0 | $0 |
| Third Quarter – ended September 30, 2024 | $0 | $0 |
| Fourth Quarter – ended December 31, 2024 | $0 | $0 |
| **Fiscal 2023** | **Low** | **High** |
| First Quarter – ended March 31, 2023 | $0 | $0 |
| Second Quarter – ended June 30, 2023 | $0 | $0 |
| Third Quarter – ended September 30, 2023 | $0 | $0 |
| Fourth Quarter – ended December 31, 2023 | $0 | $0 |

---

_________

**\***Note: There is no trading in our stock since it has never met any quotation requirements.

<u>Rules Governing Low-price Stocks That May Affect Our Shareholders' Ability to Resell Shares of Our Common Stock</u>

Quotations on the OTC Pink or OTCQB reflect inter-dealer prices, without retail mark-up, markdown or commission and may not reflect actual transactions. Our common stock will be subject to certain rules adopted by the SEC that regulate broker-dealer practices in connection with transactions in "penny stocks." Penny stocks generally are

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securities with a price of less than $5.00, other than securities registered on certain national exchanges or quoted on the NASDAQ system, provided that the exchange or system provides current price and volume information with respect to transaction in such securities. The additional sales practice and disclosure requirements imposed upon broker-dealers are and may discourage broker-dealers from effecting transactions in our shares which could severely limit the market liquidity of the shares and impede the sale of shares in the secondary market.

The penny stock rules require broker-dealers, prior to a transaction in a penny stock not otherwise exempt from the rules, to make a special suitability determination for the purchaser to receive the purchaser's written consent to the transaction prior to sale, to deliver standardized risk disclosure documents prepared by the SEC that provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer must also provide the customer with current bid and offer quotations for the penny stock. In addition, the penny stock regulations require the broker-dealer to deliver, prior to any transaction involving a penny stock, a disclosure schedule prepared by the SEC relating to the penny stock market, unless the broker-dealer or the transaction is otherwise exempt. A broker-dealer is also required to disclose commissions payable to the broker-dealer and the registered representative and current quotations for the securities. Finally, a broker-dealer is required to send monthly statements disclosing recent price information with respect to the penny stock held in a customer's account and information with respect to the limited market in penny stocks.

<u>Holders</u>

As of the filing date of this prospectus, we have approximately 210 shareholders of record of our common stock. Sales under Rule 144 are also subject to manner of sale provisions and notice requirements and to the availability of current public information about us. Under Rule 144, a person who has not been an affiliate at any time during the three months preceding a sale, and who has beneficially owned the shares proposed to be sold for at least 6 months, is entitled to sell shares without complying with the manner of sale, volume limitation or notice provisions of Rule 144.

As of the filing date of this prospectus, our shareholders hold 22,533,783 shares of common stock and 163, 7024 shares of Series F Preferred, of which 16,158,783 common shares may be sold pursuant to this Registration Statement.

<u>Dividends</u>

As of the filing of this prospectus, we have not paid any dividends to shareholders, but Series F Preferred will receive cash as a dividend on 4% of gross sales from two product lines described below. There are no restrictions which would limit our ability to pay dividends on common equity or that are likely to do so in the future. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend; we would not be able to pay our debts as they become due in the usual course of business; or our total assets would be less than the sum of the total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

The Company's Series A Convertible Preferred Shares have an accrued dividend payable at a rate of 10.5% and will have converted to an equal number of common shares upon filing a registration statement with the Securities and Exchange Commission.

The Company's Series F Preferred Shares were available exclusively to current shareholders as a set with an equivalent number of common shares. The Series F Preferred Shares are non-voting and share, as a class, in 4% of the gross sales generated from the Company's FitBoxr and Smack-Out product lines until the total dividends paid to this class of shares reach $159,352. As of December 31, 2024, the Company holds an unpaid dividend liability amounting to approximately $158,000, which represents the remaining dividends payable to shareholders of Series F Preferred Shares. Once commitments for the unpaid dividends associated with the Series F preferred shares are fulfilled, these preferred shares will be deemed retired.

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| | | |
|:---|:---|:---|
|  | **Unpaid Dividends**<br>**2024** | **Unpaid Dividends**<br>**2023** |
| &nbsp;&nbsp;**Series A Convertible Preferred Shares 10.5%, Voting (converted to common upon filing this Registration Statement)** | $99750 | $90300 |
| &nbsp;&nbsp;**Series F Preferred Shares 4%, Non-voting** | $157771 | $157771 |

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<u>Warrants</u>

There are outstanding 1,222,313 Series "C" Warrants that entitle holders to receive, upon exercise, one common share per warrant for $2 per share, 390,680 Series "D" Warrants that entitle holders to receive, upon exercise, one common share per warrant for $3 per share, and 1,125,612 Series "E" Warrants that entitle holders to receive, upon exercise, one common share per warrant for $4 per share. All outstanding warrants expire on October 30, 2026.

The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding.

**<u>SELECTED FINANCIAL INFORMATION</u>**

Not applicable.

**<u>SUPPLEMENTARY FINANCIAL INFORMATION</u>**

Not applicable.

**<u>MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</u>**

*The following discussion should be read in conjunction with our audited financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward-looking statements in the following discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on our behalf. We disclaim any obligation to update forward-looking statements.*

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<u>PLAN OF OPERATIONS</u>

Our plan of operations for the next 12 months is as follows:

<u>BUDGET FOR EXPENDITURES</u>

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2025 Q3** | **2025 Q4** | **2026 Q1** | **2026 Q2** | **Total** |
| &nbsp;&nbsp;Costs of goods sold | $645000 | $645000 | $645000 | $645000 | $2580000 |
| &nbsp;&nbsp;Marketing | $37500 | $37500 | $37500 | $37500 | $150000 |
| &nbsp;&nbsp;Miscellaneous Expenses | $170000 | $170000 | $170000 | $170000 | $680000 |
| &nbsp;&nbsp;Salaries | $108750 | $108750 | $108750 | $108750 | $435000 |
| &nbsp;&nbsp;Legal and Accounting | $25000 | $25000 | $25000 | $25000 | $100000 |
| &nbsp;&nbsp;Capital Expenditures | $5000 | $5000 | $5000 | $5000 | $20000 |
| &nbsp;&nbsp;TOTAL | $991250 | $991250 | $991250 | $991250 | $3965000 |

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<u>RESULTS OF OPERATIONS</u> 

The following Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to help you understand our historical results of operations during the periods presented and our financial condition for the years ended December 31, 2024 and 2023. This MD&A should be read in conjunction with our financial statements as of December 31, 2024 and 2023. See section entitled "Forward-Looking Statements" above.

 

Based on our financial history since inception, our auditor has expressed substantial doubt as to our ability to continue as a going concern. As reflected in the accompanying financial statements, as of December 31, 2024, we had an accumulated deficit totaling $4,083,573. This raises substantial doubts about our ability to continue as a going concern.

**Overview**

On March 2, 2009, the Company was incorporated in the State of Nevada with corporate operations located in Las Vegas, Nevada.

We are and have been since inception in 2009 a distributor and manufacturer of goods to casinos, and retailers and redistributors. Our products include paper rolls, restaurant supplies, janitorial/bathroom supplies, liners and gloves, ribbons, toners and inks.

Based on our current cash and cash equivalents reserves of approximately $339,139 as of December 31, 2024 and $225,917 as of June 30, 2025, we estimate that we will have cash for an operational budget of approximately six (6) months. If we are unable to generate enough revenue to cover our operational costs, we will need to seek additional sources of funds. Currently, we have no committed source for any funds as of date hereof. No representation is made that any funds will be available when needed. In the event funds cannot be raised if and when needed, we may not be able to carry out our business plan and could fail in business as a result of these uncertainties.

The independent registered public accounting firm's report on our financial statements as of December 31, 2024, includes a "going concern" explanatory paragraph that describes substantial doubt about our ability to continue as a going concern.

We have estimated $361,000 approximately for each of the upcoming three quarters for operational costs based upon the first two quarters in 2025 which includes legal, accounting, travel, general and administrative, audit, rent, telephones and miscellaneous. In the year ended December 31, 2023, we received funding through a promissory note totaling $40,000 being received from a related party in net cash proceeds. In 2024 and thus far in 2025, we received no proceeds from loans.

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**Results of Operations**

*<u>For the three months ended June 30, 2025 compared to the three months ended June 30, 2024</u>*

During the three months ended June 30, 2025, we recognized total revenues of $657,551 compared to the prior period of $804,322. The decrease is largely attributable to revenue focus being lessened during a move to a new warehouse.

Gross profit for the three months ended June 30, 2025 was $238,551 compared to $225,144 for the prior period. The increase is largely attributable to increase in sales.

During the three months ended June 30, 2025, we recognized $275,774 in operating expenses compared to $304,782 for the prior period. The change was in large part attributable to reduction in selling costs.

Interest expense for the three months ended June 30, 2025 was $0 compared to the prior period of $0.

During the three months ended June 30, 2025, we recognized a net income (loss) of ($113,156) versus a loss of ($77,933) for the prior period. The difference mainly is sales activity related from increases in cost of goods sold.

*<u>For the six months ended June 30, 2025 compared to the six months ended June 30, 2024</u>*

During the six months ended June 30, 2025, we recognized total revenues of $1,640,254 compared to the prior period of $1,580,819. The increase is largely attributable to sales increases.

Gross profit (loss) for the six months ended June 30, 2025 was $480,027 compared to $474,482 for the prior period. The increase is largely attributable to a sales increase.

During the six months ended June 30, 2025, we recognized $637,482 in operating expenses compared to $666,493 for the prior period. The change was in large part attributable to sales/price increases.

Interest expense for the six months ended June 30, 2025 was $0 compared to the prior period of $0.

During the six months ended June 30, 2025, we recognized a net income of ($231,164) versus a loss of ($189,898) for the prior period. The difference mainly is activity related to moving expenses to new warehouse.

*<u>For the years ended December 31, 2024 compared to the years ended December 31, 2023</u>*

In 2024, Net Revenue was $3,136,166, as compared to $3,550,456 in 2023, a difference of $414,290. Cost of Revenue for the year ended December 31, 2024 was $2,164,020 as compared to $2,456,341, a decrease of $292,321. Gross Profit for the year ended December 31, 2024 was $972,146 as compared to $1,094,115 for the year ended December 31, 2023.

Selling, general and administrative expenses in 2024 were $1,263,035, an increase of $126,553 from selling, general and administrative expenses of $1,136,482 in 2023.

Net loss for the year ended December 31, 2024 was ($282,919) as compared to ($38,167) for the year ended December 31, 2023, an increase of ($244,752). As explained below, most of the increased loss in 2024 was attributable to operating expense increases.

Other Expense increased by $3,770 to $7,970 in 2024 as compared to $4,200 in 2023. The increase was primarily attributable to sales related expense during 2024.

**Liquidity and Capital Resources**

As of December 31, 2024, we had no working capital deficit and cash of $339,134, as compared to no working capital deficit and cash of $35,314 as of December 31, 2023. The decrease in working capital deficit was due primarily to the

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increase in cash receipts and net accounts receivable during 2024 as compared to 2023, with a decrease of $210,472 from 2023 to 2024 in positive working capital.

During 2024, the Company used $93,400 of cash for operating activities as compared to ($97,870) of cash for operating activities used in 2023, which includes an increase in accounts payable ($131,037) in 2024 compared to ($61,262) as of December 31, 2023.

Cash flows from financing activities were $252,544 and $23,168 as of December 31, 2024 and 2023, respectively. These cash flows were generated primarily from proceeds from issuance of shares.

Cash flows used in investing activities were ($42,119) and ($28,973), respectively, for the years ended December 31, 2024 and 2023.

While management of the Company believes that the Company will be successful in its current and planned activities, there can be no assurance that the Company will be successful in obtaining sufficient revenues from our planned operations and raise sufficient equity, debt capital or strategic relationships to sustain the operations and future business of the Company.

Our ability to create sufficient working capital to sustain us over the next twelve-month period, and beyond, is dependent on our raising additional equity or debt capital.

There can be no assurance that sufficient capital will be available to us. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit or any other sources.

**Availability of Additional Capital**

There can be no assurance that we will continue to be successful in raising capital and have adequate capital resources to fund our operations or that any additional funds will be available to us on favorable terms or in amounts required by us. We estimate that we will need to raise $250,000 over the next twelve months for marketing sales to a profitable level.

Any additional financing may be dilutive to our stockholders, new equity securities may have rights, preferences, or privileges senior to those of existing holders of our shares of Common Stock. Debt or equity financing may subject us to restrictive covenants and significant interest costs.

**Going Concern Consideration**

Our registered independent auditors have issued an opinion on our financial statements as of December 31, 2024, which includes a statement describing our going concern status. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills and meet our other financial obligations.

**Off-Balance Sheet Arrangements**

As of December 31, 2024 and 2023, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.

**Contractual Obligations and Commitments**

We have no material commitments for capital expenditures within the next year, however, as operations are expanded substantial capital will be needed to pay for expansion and working capital.

We have made equity and debt offerings in order to support our growth plans, to date, and may do so in the future.

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There are no commitments to provide additional funds by our management or other stockholders. Accordingly, there can be no assurance that any additional funds will be available to us to allow coverage of our expenses as they may be incurred.

**CRITICAL ACCOUNTING POLICIES**

***Revenue Recognition***

The Company sells products to a diversified base of customers and has no material concentration of credit risk or significant payment terms extended to customers. The majority of customer arrangements contain a single performance obligation to transfer goods. Revenue is recognized when control of goods has transferred to customers. For most of the Company's customer arrangements, control transfers to customers at a point in time when goods/services have been delivered, as that is generally when the legal title, physical possession, and risks and rewards of goods/services transfer to the customer.

***Cash and cash equivalents***

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.

***Accounts receivables, net***

Trade receivables arise from granting credit to customers in the normal course of business, are unsecured, and are presented net of an allowance for doubtful accounts. The allowance is based on several factors, including the length of time the receivable is past due, the Company's previous loss history, the customer's current ability to pay, and the general condition of the economy and industry as a whole. Depending on the customer, payment is due between 30 and 90 days after the customer receives an invoice. When all collection efforts have been exhausted, the accounts are written off. Historically, the Company has suffered significant losses concerning its trade receivables.

***Inventories***

Inventories, which consist of purchased components for resale, are valued at the lower of average cost (which approximates the first-in, first-out method) and net realizable value. Given the nature of the non-durable goods of the Company inventory product mix and long shelf life, the Company rarely reduces the carrying value of inventory for slow-moving items but does reduce the carrying value of inventory for shrinkage and obsolete items.

***Long-lived assets***

Property and equipment are recorded at cost and presented net of accumulated depreciation. Major additions and improvements are capitalized, while maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed. Property and equipment are normally depreciated on a straight-line basis over their estimated useful lives.

Definite-lived intangible assets arising from asset acquisitions include intellectual property, patents, trademarks, and product development. These assets are amortized on a systematic and rational basis (generally straight-line) that represents the asset's use. Definite-lived intangible assets are amortized over the estimated period during which the asset is expected to contribute directly or indirectly to future cash flows.

Fully depreciated PPE other are retained in PPE and accumulated depreciation accounts until disposal. Upon disposal, assets and related accumulated depreciation are removed from the accounts, and the net amount, less proceeds from disposal, is charged or credited to operations. Definite-lived intangible assets are removed from their respective gross asset and accumulated amortization accounts when they are no longer used.

***Concentration of business and credit risk***

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Cash held by the Company in financial institutions may exceed the

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federally insured limit of $250,000 at certain times. As of December 31, 2024 or 2023, no cash and cash equivalents exceeded federally insured limits.

No customer sales accounted for more than 14% and 12% in 2024 and 2023, respectively.

***Bad Debt Recognition***

The allowance for doubtful accounts is calculated by multiplying the receivable balance in the various aging categories by a reserve rate. A higher reserve rate is applied to older receivables because those receivables are less likely to be collected.

***Fair value of financial instruments***

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and assumptions that market participants would use when pricing the asset or liability.

ASC Topic 820, *Fair Value Measurements and Disclosures* provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 — inputs are based upon unadjusted quoted prices for identical assets or liabilities traded in active markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2 — inputs are based upon quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3 — inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

Assets measured at fair value on a non-recurring basis include goodwill, and tangible and intangible assets. Such assets are reviewed annually for impairment indicators. If a triggering event has occurred, the assets are re-measured when the estimated fair value of the corresponding asset group is less than the carrying value. The fair value measurements, in such instances, are based on significant unobservable inputs (Level 3).

The carrying amounts of the Company's financial instruments, which include accounts receivables, accounts payable and accrued expenses and debt at floating interest rates, approximate their fair values, principally due to their short-term nature, maturities or nature of interest rates.

***Advertising and vendor considerations***

Advertising costs are expensed as incurred.

***Segment reporting***

The Company operates as a single operating segment. The Chief Operating Officer, who is the chief operating decision maker, manages the Company as a single profit center to promote collaboration, provide comprehensive service offerings across the entire customer base, and provide incentives to employees based on the success of the organization as a whole. Although certain information regarding selected products or services is discussed to promote an understanding of the Company's business, the chief operating decision-maker manages the Company and allocates resources at the consolidated level.

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***Inventory***

Inventory is held for resale and is stated at the lower of cost or market. U.S. merchandise inventories are valued by using the Average Cost Method. The Company believes the Average Cost Method more fairly presents the results of operations due to the numerous vendors for the same product and the incremental changes in cost not reflected in revenue pricing increases.

***Property and Equipment***

Property and equipment are stated at cost. Depreciation expense is computed primarily using the straight-line method over estimated useful lives. Leasehold improvements made after the beginning of the initial lease term are depreciated over the shorter of the estimated useful life of the asset or the remaining term of the initial lease plus any renewals that are reasonably certain at the date the leasehold improvements are made.

Property and equipment, stated at cost, consisted of the following:

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| | | | |
|:---|:---|:---|:---|
|  | **Estimated Life** | **December 31, 2024** | **December 31, 2023** |
| &nbsp;&nbsp;Leasehold improvements | 5 | $22829 | $22829 |
| &nbsp;&nbsp;Equipment & fixtures | 5-7 | 83098 | 88076 |
| &nbsp;&nbsp;Trucks and delivery vehicles | 5 | 155408 | 183144 |
|  |  | $261335 | $294049 |
| &nbsp;&nbsp;Accumulated depreciation |  | (195063) | (196831) |
| &nbsp;&nbsp;Property and equipment, net |  | $66272 | $97218 |

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***Dividends***

As of the filing of this prospectus, we have not paid any dividends to shareholders, but Series F Preferred will receive cash as a dividend on 4% of gross sales from two product lines described below. There are no restrictions which would limit our ability to pay dividends on common equity or that are likely to do so in the future. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend; we would not be able to pay our debts as they become due in the usual course of business; or our total assets would be less than the sum of the total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.

The Company's Series A Convertible Preferred Shares have an accrued dividend payable at a rate of 10.5% and will have converted to an equal number of common shares upon filing a registration statement with the Securities and Exchange Commission.

The Company's Series F Preferred Shares were available exclusively to current shareholders as a set with an equivalent number of common shares. The Series F Preferred Shares are non-voting and share, as a class, in 4% of the gross sales generated from the Company's FitBoxr and Smack-Out product lines until the total dividends paid to this class of shares reach $159,352. As of December 31, 2024, the Company holds an unpaid dividend liability amounting to approximately $158,000, which represents the remaining dividends payable to shareholders of Series F Preferred Shares. Once commitments for the unpaid dividends associated with the Series F preferred shares are fulfilled, these preferred shares will be deemed retired.

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| | | |
|:---|:---|:---|
|  | **Unpaid Dividends**<br>**2024** | **Unpaid Dividends**<br>**2023** |
| &nbsp;&nbsp;**Series A Convertible Preferred Shares 10.5%, Voting (converted to common upon filing this Registration Statement)** | $99750 | $90300 |
| &nbsp;&nbsp;**Series F Preferred Shares 4%, Non-voting** | $157771 | $157771 |

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***Warrants***

There are outstanding 1,222,313 Series "C" Warrants that entitle holders to receive, upon exercise, one common share per warrant for $2 per share, 390,680 Series "D" Warrants that entitle holders to receive, upon exercise, one common share per warrant for $3 per share, and 1,125,612 Series "E" Warrants that entitle holders to receive, upon exercise, one common share per warrant for $4 per share. All outstanding warrants expire on October 30, 2026.

The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding.

**Stock-Based Compensation**

ASC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards, after the grant date, must be recognized.

**<u>CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES</u>**

Not applicable.

**<u>QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</u>**

Not applicable.

**<u>DIRECTORS AND EXECUTIVE OFFICERS</u>**

The current directors and executive officers are set forth in the chart below.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Position** | **Age** | **Term of Office (if indefinite, give date appointed)** | **Approximate hours per week (if part-time)/full-time** |
| &nbsp;&nbsp;Chester I. Wright, III | &nbsp;&nbsp;Chief Executive Officer, Chief Financial Officer and Director | 63 | &nbsp;&nbsp;Annual | 20 |
| &nbsp;&nbsp;Spencer Fisher | &nbsp;&nbsp;President and Director | 52 | &nbsp;&nbsp;Annual | 40 |
| &nbsp;&nbsp;Cathy Wilkinson | &nbsp;&nbsp;Secretary | 62 | &nbsp;&nbsp;Annual | 17.5 |

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Our officers are elected by the board of directors at the first meeting after each annual meeting of our stockholders and hold office until their successors are duly elected and qualified under our bylaws.

The directors named above will serve until the next annual meeting of our stockholders. Thereafter, directors will be elected for one-year terms at the annual stockholders' meeting. Officers will hold their positions at the pleasure of the board of directors absent any employment agreement. There is no arrangement or understanding between our directors and officers and any other person pursuant to which any director or officer was or is to be selected as a director or officer.

**<u>BIOGRAPHICAL INFORMATION</u>**

**Chester I. Wright III,** 

**Chief Executive Officer, Chief Financial Officer and Director** 

Mr. Wright has been Chief Executive Officer. Chief Financial Officer and a Director of Global Industry Products, Corp. since 2009. Mr. Wright has served as senior management for several corporations, including Global Industry Products, Corp., TSR Holdings, LLC, SimpleSearch.com and Southern Ventures. Mr. Wright has created numerous domestic and international patents and trademarks. He has extensive experience in marketing, strategic planning, financial analysis, negotiations, and private placement memorandums. Mr. Wright has raised over 50 million dollars for start-ups and has taken corporations public. Mr. Wright has also worked with other inventors, licensing their inventions and successfully launched new products into the marketplace. He has created many brands including Patriot Paper, Bellasoft, Buffalo Sponge, Sous Chef Products, FitBoxr and his most recent Smack-Out.

**Spencer Fisher**

**President and Director**

Mr. Fisher has been President and Director of Global Industry Products, Corp. since 2012. Mr. Fisher started his career in sales in 1989 in Clearwater, Florida selling office supplies and furniture. 8 years later he entered the POS paper industry as an account executive and later a General Manager. In 2003, Mr. Fisher relocated to Las Vegas and started his own business in the highly competitive POS paper market and built a large customer base. In 2005, his business was acquired by the third largest POS paper convertor in the country where he was retained to oversee all operations for the converters Western operations. In 2012, GIP purchased all assets of the converters Western division. Mr. Fisher was very instrumental in transitioning all customers and inventory over to Vegas Retail Supply as well as developing a very successful and aggressive sales team. He has won numerous sales awards throughout his career and embraces the challenges presented in his current position. He has successfully negotiated the placement of company products into Walmart and the Home Shopping Network.

**Cathy Wilkinson**

**Secretary** 

Ms. Wilkinson was appointed Secretary of Global Industry Products, Corp. in June 2025. She comes from a diverse background. Having grown up in the entertainment industry, she started teaching at a non-profit performing arts school in Studio City, California at a very young age. While doing this she continued to work in the industry professionally as an actress, dancer, and choreographer. She eventually moved to the position of Director of the school and managed the school until it closed in 2019. This was a passion and not a full-time job. Ms. Wilkinson was co-owner and publisher of Real Estate magazine for 13 years. She managed the day-to-day operations of the business as well as client relations and oversaw production of the magazine. She loved working with people and helping businesses, so she then went on to work in business development, client relations and sales as a consultant for over 20 years.

**<u>KEY EMPLOYEES</u>**

Chester I. Wright III and Spencer Fisher, our officers and directors, are key employees and it would be difficult to replace them on short notice.

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**<u>CONFLICTS OF INTEREST – GENERAL</u>**

There can be no assurance that management will resolve all conflicts of interest in favor of the Company.

Our directors and officers are, or may become, in their individual capacities, officers, directors, controlling shareholder and/or partners of other entities engaged in a variety of businesses. Thus, there exist potential conflicts of interest including, among other things, time, efforts and corporate opportunity, involved in participation with such other entities. Consequently, there are potential inherent conflicts of interest in their acting as officers and directors of the Company. Insofar as the officers and directors are engaged in other business activities, officer-management anticipates it will devote up to approximately 40 hours per week to the Company's affairs.

None of our Officers and Directors has any interest in any competitive business to ours or any service provider to our Company. The other businesses in which our officers and directors now participate have no relation to our business, do not compete with our business and do not supply services, materials, or technology to our business. We see the primary conflict as one of necessary time devoted to the Company business and internal controls and procedures for accounting for our quarterly and annual reports under Section 13(a) of the Securities Exchange Act of 1934, which must be filed timely under the section and quarterly reviews and annual audits by our auditors which require adequate record keeping.

**<u>CONFLICTS OF INTEREST – CORPORATE OPPORTUNITIES</u>**

Presently no requirement contained in our Articles of Incorporation, Bylaws, or minutes requires officers and directors of our Company to disclose business opportunities which come to their attention. Our officers and directors do, however, have a fiduciary duty of loyalty to our Company to disclose to it any business opportunities which come to their attention, in their capacity as an officer and/or director or otherwise. Excluded from this duty would be opportunities which the person learns about through his involvement as an officer and director of another Company. We have no intention of merging with or acquiring an affiliate, associate person or business opportunity from any affiliate or any client of any such person.

The Company does not have a policy that the Company will not do business with any entity in which any officer or director serves as an officer or director or in which they or their family members own or hold a controlling ownership interest. Although the Board of Directors could elect to adopt this policy, the Board of Directors has no present intention of doing so.

**<u>COMMITTEES OF THE BOARD OF DIRECTORS</u>**

We are managed under the direction of its board of directors.

**<u>EXECUTIVE COMMITTEE</u>**

We do not have an executive committee at this time.

**<u>AUDIT COMMITTEE</u>**

We have not formed a non-independent audit committee. The Board acts as the Committee in monitoring (1) the integrity of the financial statements of the Company, (2) the compliance by the Company with legal and regulatory requirements and (3) the independence and performance of the Company's internal accounting and external auditors. Chester I. Wright III, as Chairman and Spencer Fisher act as the initial members of the Audit Committee.

The functions of the audit committee are to review the scope of the audit procedures employed by our independent auditors, to review with the independent auditors our accounting practices and policies and recommend to whom reports should be submitted, to review with the independent auditors their final audit reports, to review with our internal and independent auditors our overall accounting and financial controls, to be available to the independent auditors during the year for consultation, to approve the audit fee charged by the independent auditors, to report to the board of directors with respect to such matters and to recommend the selection of the independent auditors.

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In the absence of a separate audit committee our board of directors functions as audit committee and performs some of the same functions of an audit committee, such as recommending a firm of independent certified public accountants to audit the annual financial statements; reviewing the independent auditors independence, the financial statements and their audit report; and reviewing management's administration of the system of internal accounting control We expect that the selection of a business opportunity will be complex. Due to general economic conditions, rapid technological advances being made in some industries and shortages of available capital, we believe that there are numerous firms seeking the benefits of an issuer who has complied with the 1934 Act. Such benefits may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive stock options or similar benefits to key employees, providing liquidity (subject to restrictions of applicable statutes) for all stockholders and other factors. Potentially, available business opportunities may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. We have, and will continue to have, essentially no assets to provide the owners of business opportunities. However, we will be able to offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest in an issuer who has complied with the 1934 Act without incurring the cost and time required to conduct an initial public offering.

**<u>ANNUAL MEETING</u>**

The annual meeting of stockholders is anticipated in the fourth quarter of 2025 and will include the election of directors. The annual meeting will be held at our principal office or at such other place as permitted by the laws of the State of Nevada and on such date as may be fixed from time to time by resolution of our board of directors.

**<u>PREVIOUS "BLANK CHECK" OR "SHELL" COMPANY INVOLVEMENT</u>**

No members of our management have been involved in previous "blank-check" or "shell" companies.

**<u>INVOLVEMENT IN LEGAL PROCEEDINGS</u>**

No executive Officer or Director of our Company has been convicted in any criminal proceeding (excluding traffic violations) or is the subject of a criminal proceeding that is currently pending.

No executive Officer or Director of our Company is the subject of any pending legal proceedings.

No Executive Officer or Director of our Company is involved in any bankruptcy petition by or against any business in which they are a general partner or executive officer at this time or within two years of any involvement as a general partner, executive officer, or Director of any business.

(REMAINDER OF PAGE LEFT BLANK INTENTIONALLY.)

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**<u>EXECUTIVE AND DIRECTORS COMPENSATION</u>**

**<u>COMPENSATION</u>**

The following table sets forth the compensation paid to officers and board members during the years ended December 31, 2024, 2023 and 2022.

<u>SUMMARY EXECUTIVE COMPENSATION TABLE</u>

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Name | Year | Salary <br> ($) | Bonus <br> ($) | Stock awards<br> ($) | Option awards <br> ($) | Non-equity incentive plan compensation <br> ($) | Non-qualified deferred compensation earnings <br> ($) | All other compensation ($) | Total <br> ($) |
| Chester I. Wright, III, CEO and CFO | 2024 | 99800 | 0 | 0 | 0 | 0 | 0 | 0 | 99800 |
|  | 2023 | 83100 | 0 | 0 | 0 | 0 | 0 | 0 | 83100 |
|  | 2022 | 91947 | 0 | 0 | 0 | 0 | 0 | 0 | 91947 |
| Spencer Fisher, President | 2024 | 94423 | 0 | 0 | 0 | 0 | 0 | 0 | 94423 |
|  | 2023 | 90108 | 0 | 0 | 0 | 0 | 0 | 0 | 90108 |
|  | 2022 | 85294 | 0 | 0 | 0 | 0 | 0 | 0 | 85294 |
| Cathy Wilkinson, Secretary (1) | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dr. Arkady Zalan, Former Secretary (2) | 2024 | 48367 | 0 | 0 | 0 | 0 | 0 | 0 | 48367 |
|  | 2023 | 46100 | 0 | 0 | 0 | 0 | 0 | 0 | 46100 |
|  | 2022 | 39850 | 0 | 0 | 0 | 0 | 0 | 0 | 39850 |

---

___________

1) Appointed as Secretary in June 2025.

2) Appointed as Secretary at inception and served until his death on April 29, 2025.

Executives and officers may receive reimbursement for travel expenses and other expenses directly incurred related to Company activities. These reimbursements are nominal and not reflected as compensation.

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<u>DIRECTOR COMPENSATION</u>

<u>Director Independence</u>

For a director to be considered "independent," the Board must affirmatively determine that the director has no material relationship with the Company (directly or as a partner, stockholder or officer of an organization that has a relationship with the Company). In each case, the Board considers all relevant facts and circumstances. We currently have no independent directors.

All of our officers and/or directors will continue to be active in other companies. All officers and directors have retained the right to conduct their own independent business interests.

The following table sets forth certain information concerning compensation paid to our directors during the years ended December 31, 2024, 2023 and 2022:

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Name | Year | Fees earned or paid in cash <br> ($) | Stock awards ($) | Option awards ($) | Non-equity incentive plan compensation ($) | Non-qualified deferred compensation earnings <br> ($) | All other compensation ($) | Total <br> ($) |
| Chester I. Wright, III (1) | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Spencer Fisher (2) | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dr. Arkady Zalan (3) | 2024 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|  | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

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________

&nbsp;&nbsp;&nbsp;&nbsp;(1) Appointed to the Board in 2009.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Appointed to the Board in 2012.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Appointed to the Board in 2009 and served until his death on April 29, 2025.

The term of office for each Director is one year, or until their successor is duly elected or appointed. The term of office for each of our Officers is at the pleasure of the Board of Directors.

The Board of Directors has no nominating, auditing committee or a compensation committee. Therefore, the selection of person or election to the Board of Directors was neither independently made nor negotiated at arm's length.

At this time, our Directors do not receive cash compensation for serving as a member of our Board of Directors.

**Limitation on Liability and Indemnification**

We are a Nevada corporation. The Nevada Revised Statutes provide that the articles of incorporation of a Nevada corporation may contain a provision eliminating or limiting the personal liability of a director to the corporation or our stockholders for monetary damages for breach of fiduciary duty as a director, except that any such provision may not eliminate or limit the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or our stockholders, (ii) acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) acts specified in Section 78 (concerning unlawful distributions), or (iv) any transaction from which a director directly or indirectly derived an improper personal benefit. Our articles of incorporation contain a provision eliminating the personal liability of directors to our Company' or our stockholders for monetary damages to the fullest extent provided by the Nevada Revised Statutes.

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The Nevada Revised Statutes provide that a Nevada corporation must indemnify a person who was wholly successful, on the merits or otherwise, in defense of any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative and whether formal or informal (a "Proceeding"), in which he or she was a party because the person is or was a director, against reasonable expenses incurred by him or her in connection with the Proceeding, unless such indemnity is limited by the corporation's articles of incorporation. Our articles of incorporation do not contain any such limitation.

The Nevada Revised Statutes provides that a Nevada corporation may indemnify a person made a party to a Proceeding because the person is or was a director against any obligation incurred with respect to a Proceeding to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan) or reasonable expenses incurred in the Proceeding if the person conducted himself or herself in good faith and the person reasonably believed, in the case of conduct in an official capacity with the corporation, that the person's conduct was in the corporation's best interests and, in all other cases, his or her conduct was at least not opposed to the corporation's best interests and, with respect to any criminal proceedings, the person had no reasonable cause to believe that his or her conduct was unlawful. Our articles of incorporation and bylaws allow for such indemnification. A corporation may not indemnify a director in connection with any Proceeding by or in the right of the corporation in which the director was adjudged liable to the corporation or, in connection with any other Proceeding charging that the director derived an improper personal benefit, whether or not involving actions in an official capacity, in which Proceeding the director was judged liable on the basis that he or she derived an improper personal benefit. Any indemnification permitted in connection with a Proceeding by or in the right of the corporation is limited to reasonable expenses incurred in connection with such Proceeding.

The Nevada Revised Statutes, unless otherwise provided in the articles of incorporation, a Nevada Revised Statutes corporation may indemnify an officer, employee, fiduciary, or agent of the corporation to the same extent as a director and may indemnify such a person who is not a director to a greater extent, if not inconsistent with public policy and if provided for by our bylaws, general or specific action of our board of directors or stockholders, or contract. Our articles of incorporation provide for indemnification of our directors, officers, employees, fiduciaries and agents to the full extent permitted by Nevada law.

Our articles of incorporation also provide that we may purchase and maintain insurance on behalf of any person who is or was a director or officer of our Company or who is or was serving at our request as a director, officer or agent of another enterprise against any liability asserted against him or her and incurred by him or her in any such capacity or arising out of his or her status as such, whether or not we would have the power to indemnify him or her against such liability.

**Employment Agreements with Officers and Directors of Global Industry Products, Corp.**

We do not have employment/consultant agreements with our officers. We do not have separate agreements with our directors.

**<u>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AS OF SEPTEMBER 2, 2025</u>**

The following table sets forth information with respect to the beneficial ownership of our outstanding common stock by:

· each person who is known by us to be the beneficial owner of five percent (5%) or more of our common stock;

· our executive officers, and each director as identified in the "Management — Executive Compensation" section; and

· all of our directors and executive officers as a group.

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. Shares of common stock and options, warrants and convertible securities that are currently exercisable or convertible within 60 days of the date of this

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document into shares of our common stock are deemed to be outstanding and to be beneficially owned by the person holding the options, warrants or convertible securities for the purpose of computing the percentage ownership of the person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.

The information below is based on the number of shares of our common stock that we believe was beneficially owned by each person or entity as of September 2, 2025.

**OFFICERS AND DIRECTORS**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Title of Class** | **Name of Beneficial Owner (1)** | **Amount and Nature of Beneficial Owner (2)** | **Percent of Class Outstanding Before Offering (3)** | **Percent of Class Outstanding After Offering (4)** |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;Chester I. Wright, III, CEO, CFO and Director (5) | 8022000 | 35.60% | 25.26% |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;Spencer Fisher, President and Director | 1015000 | 4.50% | 3.38% |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;Cathy Wilkinson, Secretary | 90000 | 0.04% | 0% |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;All Directors and Executive Officers as a Group (3 persons) | *9127000* | *40.14 %* | *28.64 %* |

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 **____________** 

(1) The address of each person listed above, unless otherwise indicated, is c/o Global Industry Products Corp., 7770 Dean Martin Dr., Ste. 303, Las Vegas, NV 89139.

(2) Does not include outstanding warrants. Named Executive Officers and Directors are not holders of any outstanding warrants.

(3) Based upon 22,533,783 common shares issued and outstanding of September 2, 2025. A total of 22,643,783 shares are outstanding on a fully diluted basis. (Includes voting and/or anticipated conversion of 110,000 shares held of Series A Preferred Convertible Stock held by non-affiliates upon the filing of this registration statement).

(4) Assumes maximum sale of all registered shares herein and 22,533,783 common shares as now issued and outstanding. A total of 22,643,783 shares will be issued and outstanding on a fully diluted basis, which includes 110,000 to be issued to two non-affiliates in conversion of Series A Preferred Convertible Stock upon the filing of this registration statement.

(5) The % owned after offering has been shown as aggregated due to joint beneficial ownership of Wrights.

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**GREATER THAN 5% STOCKHOLDERS**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Title of Class** | **Name of Beneficial Owner (1)** | **Amount and Nature of Beneficial Owner (2)** | **Percent of Class Outstanding before offering (3)** | **Percent of Class Outstanding after offering (4)** |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;Chester I. Wright, III <br>CEO, CFO and Director (5) | 8022000 | 35.60% | 25.26% |
| &nbsp;&nbsp;Common Stock | &nbsp;&nbsp;Estate of Dr. Arkady Zalan (Zalan Living Trust), Former Secretary and Director | 1300000 | 5.8% | 0% |

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**_________________**

(1) The address of each person listed above, unless otherwise indicated, is c/o Global Industry Products Corp., 7770 Dean Martin Dr., Ste. 303, Las Vegas, NV 89139.

(2) Does not include outstanding warrants. Named Executive Officers and Directors are not holders of any outstanding warrants.

(3) Based upon 22,533,783 common shares issued and outstanding of September 2, 2025. A total of 22,643,783 shares are outstanding on a fully diluted basis. (Includes voting and/or anticipated conversion of 110,000 shares held of Series A Preferred Convertible Stock held by non-affiliates upon the filing of this registration statement).

(4) Assumes maximum sale of all registered shares herein and 22,533,783 shares as now issued and outstanding. A total of 22,643,783 shares will be issued and outstanding on a fully diluted basis, which includes 110,000 to be issued to two non-affiliates in conversion of Series A Preferred Convertible Stock upon the filing of this registration statement.

(5) The % owned after offering has been shown as aggregated due to joint beneficial ownership of Wrights.

Rule 13d-3 under the Securities Exchange Act of 1934 governs the determination of beneficial ownership of securities. That rule provides that a beneficial owner of a security includes any person who directly or indirectly has or shares voting power and/or investment power with respect to such security. Rule 13d-3 also provides that a beneficial owner of a security includes any person who has the right to acquire beneficial ownership of such security within sixty days, including through the exercise of any option, warrant or conversion of a security. Any securities not outstanding which are subject to such options, warrants or conversion privileges are deemed to be outstanding for the purpose of computing the percentage of outstanding securities of the class owned, by such person. Those securities are not deemed to be outstanding for the purpose of computing the percentage of the class owned by any other person.

<u>OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END</u>

None.

**<u>CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS, PROMOTERS AND CONTROL PERSONS</u>**

Other than the transactions discussed below, we have not entered into any transaction in past two years, nor are there any proposed transactions in which any of the founders, directors, executive officers, shareholders or any members of the immediate family of any of the foregoing had or is to have a direct or indirect material interest:

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 **

***Related Party - Notes***

 **

On May 18, 2022, the Company entered into an agreement to borrow $66,557 at an interest rate of 9.95% from its CEO, Mr. Wright, to acquire a 2012 Freightliner truck for product deliveries. The agreement is an on-demand note. Mr. Wright is the recorded lienholder on the vehicle's title and has received monthly with a remaining balance of $64,062 on December 31, 2022, $50,714 on December 31, 2023, and $31,479 on December 31, 2024.

On December 5, 2023, the Company obtained a $40,000, 60-day loan from Advance Construction Technologies International, LLC, whose management consists of related parties. Subsequently, the loan has been retired.

From time to time, the Company may provide, at its discretion, payroll advances to its employees as part of its normal operating activities. Employees who request a payroll advance must sign a written agreement to repay any advance in whole or in part through future payroll advances to conform with Nevada state law.

TSR Holdings, LLC is a construction rebar patent holding company that has principal shareholders and directors of the Estate of Arkady Zalan and Chester Wright. TSR Holdings, LLC does not have daily operations. Advance Construction Technologies International, LLC (ACT) is a management company for the TSR Holdings' patents with major shareholders of the Estate of Arkady Zalan and Chester Wright, and a minor shareholding for Spencer Fisher. Chester Wright is a director and is the sole officer of ACT. A new officer has not yet been elected since the death of Arkady Zalan. ACT currently does not have daily operations.

***Related Party – Contractor***

The Company has an at-will agreement with Advance Construction Technologies International, LLC, to provide computer support and warehouse inventory controls at a rate of $18.00 per hour and to include the use of a 10x10 office space.

**ITEM 11A. MATERIAL CHANGES**

None.

**ITEM 12. INCORPORATION OF CERTAIN INFORMATION BY REFERENCE**

**WHERE YOU CAN FIND MORE INFORMATION** 

We have filed with the SEC a registration statement on Form S-1 under the Securities Act of 1933 with respect to the securities offered by this prospectus. This prospectus does not contain all of the information included in the registration statement. For further information pertaining to us and our common stock, you should refer to the registration statement and the exhibits filed with the registration statement. Whenever we make reference in this prospectus to any of our contracts, agreements or other documents, the references are not necessarily complete, and you should refer to the exhibits attached to the registration statement for copies of the actual contract, agreement or other document.

Upon effectiveness of our S-1 Registration Statement, we will be subject to the informational requirements of the Securities Exchange Act of 1934 and will file reports and other information with the SEC. You can read our SEC filings, including the registration statement, over the internet at the SEC's website at http://www.sec.gov. You may also read and copy any document we file with the SEC at its Public Reference Room at 100 F Street N.E., Washington, D.C. 20549. Additionally, you can obtain copies of the documents at prescribed rates by writing to the Public Reference Section of the SEC at 100 F Street N.E., Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the operation of its Public Reference Room.

**EXPERTS**

The financial statements of the Company for the fiscal years ended December 31, 2024 and 2023 appearing elsewhere in this Registration Statement have been included herein in reliance upon the report of Bush & Associates CPA LLC, an independent registered public accounting firm, which includes an explanatory paragraph as to the Company's

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ability to continue as a going concern, and upon the authority of Bush & Associates CPA LLC as experts in accounting and auditing.

**INCORPORATION OF DOCUMENTS BY REFERENCE** 

The SEC allows us to "incorporate by reference" into this prospectus information we have filed with it. The information incorporated by reference is an important part of this prospectus and is considered to be part of this prospectus. We incorporate by reference the documents listed as exhibits to the document in Item 16.

All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act before the termination of the offering shall be deemed to be incorporated by reference into the prospectus.

**ITEM 12A. DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES** 

The Nevada Revised Statutes require us to indemnify officers and directors for any expenses incurred by any officer or director in connection with any actions or proceedings, whether civil, criminal, administrative, or investigative, brought against such officer or director because of his or her status as an officer or director, to the extent that the director or officer has been successful on the merits or otherwise in defense of the action or proceeding. The Nevada Revised Statutes permits a corporation to indemnify an officer or director, even in the absence of an agreement to do so, for expenses incurred in connection with any action or proceeding if such officer or director acted in good faith and in a manner in which he or she reasonably believed to be in or not opposed to the best interests of us and such indemnification is authorized by the stockholders, by a quorum of disinterested directors, by independent legal counsel in a written opinion authorized by a majority vote of a quorum of directors consisting of disinterested directors, or by independent legal counsel in a written opinion if a quorum of disinterested directors cannot be obtained.

The Nevada Revised Statutes prohibit indemnification of a director or officer if a final adjudication establishes that the officer's or director's acts or omissions involved intentional misconduct, fraud, or a knowing violation of the law and were material to the cause of action. Despite the foregoing limitations on indemnification, the Nevada Revised Statutes may permit an officer or director to apply to the court for approval of indemnification even if the officer or director is adjudged to have committed intentional misconduct, fraud, or a knowing violation of the law.

The Nevada Revised Statutes also provide that indemnification of directors is not permitted for the unlawful payment of distributions, except for those directors registering their dissent to the payment of the distribution.

According to our bylaws, we are authorized to indemnify our directors to the fullest extent authorized under Nevada Revised Statutes subject to certain specified limitations.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and persons controlling us pursuant to the foregoing provisions or otherwise, we are advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.

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**FINANCIAL STATEMENTS**

The following is a complete list of the financial statements filed as a part of this Report.

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| | |
|:---|:---|
| &nbsp;&nbsp; **GLOBAL INDUSTRY PRODUCTS, CORP.**<br>**Consolidated Financial Statements** <br> **for the three and six months ended**<br> **June 30, 2025 and 2024** <br> **(Unaudited)** | &nbsp;&nbsp; **GLOBAL INDUSTRY PRODUCTS, CORP.**<br>**Consolidated Financial Statements** <br> **for the three and six months ended**<br> **June 30, 2025 and 2024** <br> **(Unaudited)** |
| &nbsp;&nbsp;Consolidated Balance Sheet | &nbsp;&nbsp;F-3 |
| &nbsp;&nbsp;Consolidated Statement of Operations | &nbsp;&nbsp;F-4 |
| &nbsp;&nbsp;Consolidated Statement of Changes in Stockholders' Equity (Deficit) | &nbsp;&nbsp;F-5 |
| &nbsp;&nbsp;Consolidated Statement of Cash Flows | &nbsp;&nbsp;F-6 |
| &nbsp;&nbsp;Notes to the Financial Statements | &nbsp;&nbsp;F-7 |

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| | |
|:---|:---|
| &nbsp;&nbsp; **GLOBAL INDUSTRY PRODUCTS, CORP.**<br>**Consolidated Financial Statements** <br> **for years ended December 31, 2024 and 2023**<br> **(Audited)** | &nbsp;&nbsp; **GLOBAL INDUSTRY PRODUCTS, CORP.**<br>**Consolidated Financial Statements** <br> **for years ended December 31, 2024 and 2023**<br> **(Audited)** |
| &nbsp;&nbsp;Report of Independent Registered Public Accounting Firm | &nbsp;&nbsp;F-18 |
| &nbsp;&nbsp;Consolidated Balance Sheet | &nbsp;&nbsp;F-19 |
| &nbsp;&nbsp;Consolidated Statement of Operations | &nbsp;&nbsp;F-20 |
| &nbsp;&nbsp;Consolidated Statement of Changes in Stockholders' Equity (Deficit) | &nbsp;&nbsp;F-21 |
| &nbsp;&nbsp;Consolidated Statement of Cash Flows | &nbsp;&nbsp;F-22 |
| &nbsp;&nbsp;Notes to the Financial Statements | &nbsp;&nbsp;F-23 |

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**GLOBAL INDUSTRY PRODUCTS, CORP.**

**Consolidated Financial Statements** 

**for the three and six months ended**

**June 30, 2025 and 2024** 

**(Unaudited)**

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**INDEX**

**GLOBAL INDUSTRY PRODUCTS, CORP.**

**Consolidated Financial Statements**

**For The Three and Six Months Ended June 30, 2025 and 2024**

**(Unaudited)**

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| | |
|:---|:---|
| &nbsp;&nbsp;Consolidated Balance Sheet (Unaudited) | &nbsp;&nbsp;F-3 |
| &nbsp;&nbsp;Consolidated Statement of Operations (Unaudited) | &nbsp;&nbsp;F-4 |
| &nbsp;&nbsp;Consolidated Statement of Changes in Stockholders' Deficit (Unaudited) | &nbsp;&nbsp;F-5 |
| &nbsp;&nbsp;Consolidated Statement of Cash Flows (Unaudited) | &nbsp;&nbsp;F-6 |
| &nbsp;&nbsp;Notes to the Consolidated Financial Statements (Unaudited) | &nbsp;&nbsp;F-7 |

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| | | |
|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **BALANCE SHEETS** | **BALANCE SHEETS** | **BALANCE SHEETS** |
|  | **June 30, 2025** | **December 31, 2024** |
| **ASSETS** | | |
| **CURRENT ASSETS** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $225917 | $339139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivables, net | 332565 | 350891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory, net | 892033 | 965960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 44 | 30357 |
| &nbsp;&nbsp;&nbsp;**Total current assets** | $1450559 | $1686347 |
| &nbsp;&nbsp;&nbsp;**LONG-TERM ASSETS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment, net | $51906 | $66273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intangible Assets, net | 233841 | 232632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Right of use assets, net | 1026393 | 101240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other long-term assets | 100671 | 73791 |
| &nbsp;&nbsp;**TOTAL ASSETS** | $2863369 | $2160283 |
| &nbsp;&nbsp;**LIABILITIES AND EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;**CURRENT LIABILITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $118875 | $103763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities-short term | 290937 | 100777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current maturities of long-term debt | 29620 | 32645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable - related party |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current liabilities | 21801 | 14487 |
| &nbsp;&nbsp;&nbsp;**Total Current liabilities** | $461233 | $251672 |
| &nbsp;&nbsp;&nbsp;**OTHER LIABILITIES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities-long term | $733826 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 147018 | 156156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other long term liabilities | 975 | 974 |
| &nbsp;&nbsp;**TOTAL LIABILITIES** | $1343052 | $408802 |
| &nbsp;&nbsp;**EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock $0.001 par value, 10,000,000 shares of authorized, 273,724 issued and outstanding | $274 | $274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock $0.001 par value, 190,000,000 shares of authorized,22,260,059 issued and outstanding | 22260 | 22260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 5812520 | 5812520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (4314737) | (4083573) |
| &nbsp;&nbsp;**TOTAL EQUITY** | $1520317 | $1751481 |
| &nbsp;&nbsp;**TOTAL LIABILITIES AND EQUITY** | $2863369 | $2160283 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **STATEMENT OF OPERATIONS** | **STATEMENT OF OPERATIONS** | **STATEMENT OF OPERATIONS** | **STATEMENT OF OPERATIONS** | **STATEMENT OF OPERATIONS** |
|  | **Three Months Ended June, 30** | **Three Months Ended June, 30** | **Six Months Ended June 30** | **Six Months Ended June 30** |
|  | **2025** | **2024** | **2025** | **2024** |
| **REVENUE** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Revenue | $657551 | $804322 | $1640254 | $1580819 |
| &nbsp;&nbsp;**Net revenue** | 657551 | 804322 | 1640254 | 1580819 |
| &nbsp;&nbsp;**COST OF REVENUE** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cost of revenue | $419000 | $579178 | $1160227 | $1106336 |
| &nbsp;&nbsp;&nbsp;**Total Cost of revenue** | 419000 | 579178 | 1160227 | 1106336 |
| &nbsp;&nbsp;**GROSS PROFIT** | $238551 | $225144 | $480027 | $474482 |
| &nbsp;&nbsp;**OPERATING EXPENSES** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Selling, general and administrative expense | $275774 | $304782 | $637482 | $666493 |
| &nbsp;&nbsp;&nbsp;**Total Operating Expenses** | $275774 | $304782 | $637482 | $666493 |
| &nbsp;&nbsp;**OTHER INCOME/EXPENSE** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Moving Expense (1) | (78716) | $— | $(78716) | $— |
| &nbsp;&nbsp;&nbsp;Other income (expense) | 2783 | 1705 | 5008 | 2113 |
| &nbsp;&nbsp;&nbsp;**Total Other Income (Expense)** | $(75933) | $1705 | $(73709) | $2113 |
| &nbsp;&nbsp;**Net income/(loss) before income tax provision** | **(113156)** | **(77933)** | **(231164)** | **(189898)** |
| &nbsp;&nbsp;**NET INCOME/(LOSS)** | $**(113156)** | $**(77933)** | $**(231164)** | $**(189898)** |
| &nbsp;&nbsp;**Income/(Loss) per share - basic and diluted** | $(0.0050) | $(0.0035) | $(0.0103) | $(0.0084) |
| &nbsp;&nbsp;**Weighted average number of shares outstanding - basic and diluted** | $22533783 | $22533783 | $22533783 | $22533783 |

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[**Table of Contents**](#TableOfContents)

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** | **STATEMENT OF CHANGES OF STOCKHOLDERS' EQUITY** |
|  | Preferred Stock Series "A" | Preferred Stock Series "A" | Preferred Stock Series "F" | Preferred Stock Series "F" | Common Stock | Common Stock | Common Stock |  |  |
|  | Shares | Par Value | Shares | Par Value | Shares | Par Value | Additional Paid in Capital | Retained Earnings (Deficit) | Total Stockholders' Equity (Deficit) |
| &nbsp;&nbsp;Balance December 31, 2023 | 110000 | $110 | 163724 | $164 | 22260059 | $22260 | $5497553 | $(3800655) | $1719432 |
| &nbsp;&nbsp;Net Loss |  |  |  |  |  |  |  | (111965) | (111965) |
| &nbsp;&nbsp;Shares returned to treasury |  |  |  |  | (1400000) |  |  |  |  |
| &nbsp;&nbsp;Shares issued |  |  |  |  | 1400000 |  | 315001 |  | 315001 |
| &nbsp;&nbsp;Balance March 31 , 2024 | 110000 | $110 | 163724 | $164 | 22260059 | $22260 | $5812554 | $(3912620) | $1922468 |
| &nbsp;&nbsp;Net Loss |  |  |  |  |  |  |  | (77933) | (77933) |
| &nbsp;&nbsp;Dividends Paid |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Balance June 30, 2024 | 110000 | $110 | 163724 | $164 | 22260059 | $22260 | $5812554 | $(3990553) | $1844535 |
| &nbsp;&nbsp;Balance December 31, 2024 | 110000 | $110 | 163724 | $164 | 22260059 | $22260 | $5812520 | $(4083573) | $1751481 |
| &nbsp;&nbsp;Net Loss |  |  |  |  |  |  |  | (118007) | 78329 |
| &nbsp;&nbsp;Balance March 31 , 2025 | 110000 | $110 | 163724 | $164 | 22260059 | $22260 | $5812520 | $(4201580) | $1829810 |
| &nbsp;&nbsp;Net Loss |  |  |  |  |  |  |  | (113156) | (113156) |
| &nbsp;&nbsp;Balance June 30, 2025 | 110000 | $110 | 163724 | $164 | 22260059 | $22260 | $5812520 | $(4314737) | $1716654 |

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[**Table of Contents**](#TableOfContents)

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| | | |
|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **STATEMENTS OF CASH FLOW** | **STATEMENTS OF CASH FLOW** | **STATEMENTS OF CASH FLOW** |
|  | **For Six Months Ended June 30,** | **For Six Months Ended June 30,** |
|  | **2025** | **2024** |
| **Cash Flows From Operating Activities:** |  |  |
| &nbsp;&nbsp;Net Income (Loss) | (231164) | (189898) |
| &nbsp;&nbsp;Adjustments to reconcile Net Income (Loss) to net cash provided by operations: |  |  |
| &nbsp;&nbsp; Depreciation and amortization | 28873 | 34043 |
| &nbsp;&nbsp; Amortization of right-of-use assets | (925152) | 143772 |
| &nbsp;&nbsp;**Changes in operating assets and liabilities** |  |  |
| &nbsp;&nbsp; Accounts Receivables | 18325 | 225366 |
| &nbsp;&nbsp; Inventory | 73927 | 149598 |
| &nbsp;&nbsp; Deposits and other current assets | 3771 | 28414 |
| &nbsp;&nbsp; Accounts payables | 209562 | (125275) |
| &nbsp;&nbsp; Lease liabilities | 724689 | (110596) |
| &nbsp;&nbsp;**Cash Generated From/(Used In) Operating Activities** | (97169) | 155424 |
| &nbsp;&nbsp;**Cash Flows From Investing Activities:** |  |  |
| &nbsp;&nbsp; Purchases of equipment |  | (1992) |
| &nbsp;&nbsp; Purchase of intangible assets | (15715) | (3502) |
| &nbsp;&nbsp; Due received from related parties |  |  |
| &nbsp;&nbsp;**Cash Generated From/(Used In) Investing Activities** | (15715) | (5494) |
| &nbsp;&nbsp;**Cash Flows From Financing Activities:** |  |  |
| &nbsp;&nbsp; Proceeds from issuance of shares |  | 310275 |
| &nbsp;&nbsp; Dividends paid |  | 4725 |
| &nbsp;&nbsp; Repayment of loan - unrelated parties | (337) |  |
| &nbsp;&nbsp; Repayment of loan - related parties |  |  |
| &nbsp;&nbsp; Proceeds from loans from related parties |  | (40000) |
| &nbsp;&nbsp;**Cash Generated From/(Used In) Financing Activities** | (337) | 275000 |
| &nbsp;&nbsp;**Net (Decrease) Increase in Cash** | (113221) | 424930 |
| &nbsp;&nbsp;**Cash at Beginning of Period** | 339139 | 35314 |
| &nbsp;&nbsp;**Cash at End of Period** | 225918 | 460244 |
| &nbsp;&nbsp;**Supplemental Disclosure of Cash Flow Information:** |  |  |
| &nbsp;&nbsp; Cash paid for interest | 309 | 2157 |
| &nbsp;&nbsp;**Supplemental Disclosures of Non-Cash Investing and Financing Activities:** |  |  |
| &nbsp;&nbsp; Present value of initial lease liability and right-of-use asset | 1026393 | 249675 |

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[**Table of Contents**](#TableOfContents)

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

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***Description of Business***

Global Industry Products, Corp., a Nevada corporation, diversified distributor of non-durable products to the Casino and retail industries, and a product innovator and marketer of products worldwide.

 ****

***Basis of presentation***

The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America ("GAAP").

***Use of Estimates***

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales (or revenues) and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that estimates made as of the date of the financial statements could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates. Significant accounting estimates reflected in the Company's consolidated financial statements include, but are not limited to, revenue recognition, allowance for doubtful accounts, recognition and measurement of income tax assets, valuation of share-based compensation, and the valuation of net assets acquired.

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***Revenue Recognition***

The Company sells products to a diversified base of customers and has no material concentration of credit risk or significant payment terms extended to customers. The majority of customer arrangements contain a single performance obligation to transfer goods. Revenue is recognized when control of goods has transferred to customers. For most of the Company's customer arrangements, control transfers to customers at a point in time when goods/services have been delivered, as that is generally when the legal title, physical possession, and risks and rewards of goods/services transfer to the customer.

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***Cash and cash equivalents***

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.

 ****

***Accounts receivables, net***

Trade receivables arise from granting credit to customers in the normal course of business, are unsecured, and are presented net of an allowance for doubtful accounts. The allowance is based on several factors, including the length of time the receivable is past due, the Company's previous loss history, the customer's current ability to pay, and the general condition of the economy and industry as a whole. Depending on the customer, payment is due between 30 and 90 days after the customer receives an invoice. When all collection efforts have been exhausted, the accounts are written off. Historically, the Company has suffered significant losses concerning its trade receivables.

***Inventories***

Inventories, which consist of purchased components for resale, are valued at the lower of average cost (which approximates the first-in, first-out method) and net realizable value. Given the nature of the non-durable goods of the Company inventory product mix and long shelf life, the Company rarely reduces the carrying value of inventory for slow-moving items but does reduce the carrying value of inventory for shrinkage and obsolete items.

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***Long-lived assets***

Property, plant and equipment are recorded at cost and presented net of accumulated depreciation. Major additions and improvements are capitalized, while maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed. Property, plant and equipment are normally depreciated on a straight-line basis over their estimated useful lives.

Definite-lived intangible assets arising from asset acquisitions include intellectual property, patents, trademarks, and product development. These assets are amortized on a systematic and rational basis (generally straight-line) that represents the asset's use. Definite-lived intangible assets are amortized over the estimated period during which the asset is expected to contribute directly or indirectly to future cash flow.

Fully depreciated PPE other are retained in PPE and accumulated depreciation accounts until disposal. Upon disposal, assets and related accumulated depreciation are removed from the accounts, and the net amount, less proceeds from disposal, is charged or credited to operations. Definite-lived intangible assets are removed from their respective gross asset and accumulated amortization accounts when they are no longer used.

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***Concentration of business and credit risk***

Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. Cash held by the Company in financial institutions may exceed the federally insured limit of $250,000 at certain times. As of June 30, 2025, the Company held cash and cash equivalents of $225,917. These funds are maintained with financial institutions of high credit quality, and the Company regularly monitors credit risk exposure.

<br> No customer sales accounted for more than 14% in 2024 and 2025.

 ****

***Bad Debt Recognition***

The allowance for doubtful accounts is calculated by multiplying the receivable balance in the various aging categories by a reserve rate. A higher reserve rate is applied to older receivables because those receivables are less likely to be collected.

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***Fair value of financial instruments***

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and assumptions that market participants would use when pricing the asset or liability.

ASC Topic 820, *Fair Value Measurements and Disclosures* provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 — inputs are based upon unadjusted quoted prices for identical assets or liabilities traded in active markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2 — inputs are based upon quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3 — inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined by using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

Assets measured at fair value on a non-recurring basis include goodwill, and tangible and intangible assets. Such assets are reviewed annually for impairment indicators. If a triggering event has occurred, the assets are re-measured when the estimated fair value of the corresponding asset group is less than the carrying value. The fair value measurements, in such instances, are based on significant unobservable inputs (Level 3).

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The carrying amounts of the Company's financial instruments, which include accounts receivable, accounts payable and accrued expenses and debt at floating interest rates, approximate their fair values, principally due to their short-term nature, maturities or nature of interest rates.

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***Advertising and vendor considerations***

Advertising costs are expensed as incurred.

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***Segment reporting***

The Company operates as a single operating segment. The Chief Executive Officer, who is the chief operating decision maker, manages the Company as a single profit center to promote collaboration, provide comprehensive service offerings across the entire customer base, and provide incentives to employees based on the success of the organization as a whole. Although certain information regarding selected products or services is discussed to promote an understanding of the Company's business, the chief operating decision-maker manages the Company and allocates resources at the consolidated level.

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***Inventory***

Inventory is held for resale and is stated at the lower of cost or market. U.S. merchandise inventories are valued by using the Average Cost Method. The Company believes the Average Cost Method more fairly presents the results of operations due to the numerous vendors for the same product and the incremental changes in cost not reflected in revenue pricing increases.

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***Inventory Reserve Account***

The company's inventory mainly consists of non-durable goods, all of which are in marketable condition. Despite this readiness for sale, a portion of the inventory remains unsold, primarily resulting from insufficient market demand among the company's customer base. This lack of demand can be attributed to various factors, including changing consumer preferences, increased competition, or economic conditions that limit customers' purchasing power. To address this issue, the company analyzes market trends and customer behaviors to better align its inventory with consumer needs. The Inventory Reserve account is drawn from historical sales data to the percentage of inventory that typically remains unsold, damaged, or becomes obsolete, while considering current market conditions, customer demand, and product lifecycles when estimating the percentage.

**NOTE 2 – GOING CONCERN**

The accompanying consolidated financial statements have been prepared on a going concern basis of accounting which contemplates continuity of operations, realization of assets, liabilities, and commitments in the normal course of business. The accompanying consolidated financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred an accumulated deficit amounting to $(4,314,737) as of June 30, 2025, which includes net operating losses for the six months ended June 30, 2025, of $(231,164). Due to our negative accumulated net losses, there may exist substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. In addition, the Company's development activities since inception have been financially sustained through equity financing. Management plans to focus on expanding market reach, launching new product lines, and implementing targeted marketing initiatives to drive sales growth. Including a resent license agreement for the companies IP in the Europe and Asia marketplace is intended to mitigate the conditions that have raise substantial doubt about the entity's ability to continue as a going concern.

While recently operating losses have been experienced, management believes the company's core business remains viable and is actively implementing cost-reduction measures to improve profitability.

Based on evaluation of the above factors and the management actions outlined, we believe that the company has a reasonable ability to continue as a going concern and meet its obligations in the foreseeable future.

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**NOTE 3. INTANGLIBLE ASSETS, NET**

Definite-lived intangible assets, patents, and product development costs are included in intangible assets on the balance sheets and are amortized on a straight-line basis over their estimated lives, which approximates the pattern of expected economic benefit.

Goodwill represents the excess of acquisition cost over the fair value of the net assets acquired and is subject to amortization. The Company reviews goodwill annually in the fourth quarter for impairment or when circumstances indicate that the carrying value may exceed the fair value.

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| | | | |
|:---|:---|:---|:---|
|  | **Estimated Life** | **June 30, 2025** | **December 31, 2024** |
| &nbsp;&nbsp;Intellectual Property | 15 | $272825 | $258369 |
| &nbsp;&nbsp;Product Development | 5 | 163418 | 162159 |
| &nbsp;&nbsp;Goodwill | 15 | 50000 | 50000 |
|  |  | $486243 | $470528 |
| &nbsp;&nbsp;Accumulated amortization |  | (252402) | (237896) |
| &nbsp;&nbsp;Intangible Assets, net |  | $233841 | $232632 |

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**NOTE 4. PROPERTY**, **PLANT AND EQUIPMENT, NET**

Property, plant and equipment are stated at cost. Depreciation expense is computed primarily using the straight-line method over estimated useful lives. Leasehold improvements made after the beginning of the initial lease term are depreciated over the shorter of the estimated useful life of the asset or the remaining term of the initial lease plus any renewals that are reasonably certain at the date the leasehold improvements are made.

Property, plant and equipment, stated at cost, consisted of the following:

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| | | | |
|:---|:---|:---|:---|
|  | **Estimated Life** | **June 30, 2025** | **December 31, 2024** |
| &nbsp;&nbsp;Leasehold improvements | 5 | $22829 | $22829 |
| &nbsp;&nbsp;Equipment & fixtures | 5-7 | 83098 | 83098 |
| &nbsp;&nbsp;Trucks and delivery vehicles | 5 | 155408 | 155408 |
|  |  | $261336 | $261335 |
| &nbsp;&nbsp;Accumulated depreciation |  | (209430) | (195063) |
| &nbsp;&nbsp;Property and equipment, net |  | $51906 | $66272 |

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**NOTE 5. TAXES**

Income taxes are accounted for under the asset and liability method pursuant to ASC Topic 740, *Income Taxes* (ASC 740), whereby deferred tax assets and liabilities are recognized for the expected future consequences attributable to the differences between the financial statement carrying amounts and the tax basis of assets and liabilities. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the period of the change. Further, deferred tax assets are recognized for the expected realization of available net operating loss and tax credit carryforwards. A valuation allowance is recorded on gross deferred tax assets when it is "more likely than not" that such asset will not be realized. When evaluating the realizability of deferred tax assets, all evidence, both positive and negative, is evaluated. Items considered in this analysis include the ability to carry back losses, the reversal of temporary differences, tax planning strategies, and expectations of future earnings. The Company reviews its deferred tax assets on a quarterly basis to determine if a valuation allowance is required based upon these factors. Changes in the Company's assessment of the need for a valuation allowance could give rise to a change in such allowance, potentially resulting in additional expense or benefit in the period of change.

The Company's income tax provision or benefit includes U.S. federal, state and local income taxes and is based on pre-tax income or loss. In determining the annual effective income tax rate, the Company analyzed various factors, including its annual earnings and taxing jurisdictions in which the earnings were generated, the impact of state and local income taxes, and its ability to use tax credits and net operating loss carry forwards.

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Under ASC 740, the amount of tax benefit to be recognized is the amount of benefit that is "more likely than not" to be sustained upon examination. The Company analyzes its tax filing positions in all of the U.S. federal, state, local, and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, the Company determines that uncertainties in tax positions exist, a liability is established in the consolidated financial statements. The Company recognizes accrued interest and penalties related to unrecognized tax positions in the provision for income taxes.

The Company cannot determine the sustained tax loss benefit and has not made a provision to recognize any benefit from the prior period's tax losses, although such benefit may exist.

The Company's income tax returns are subject to examination by federal and state authorities in accordance with prescribed statutes.

**NOTE 6. STATEMENT OF OPERATIONS – MOVING EXPENSE**

The Company elected not to renew the property lease located at 6615 Escondido St. Suite C; Las Vegas, NV 89119 and relocated the Company's operations to 7777 Dean Martin Dr. Suite 303; Las Vegas, NV 89119 on May 1, 2025. The relocation of the Company's warehouse and office space resulted in a non-operating expense of $78,716. The Company expects no future moving expenses related to the relocation to the Company's current warehouse and office space.

**NOTE 7. EARNINGS (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE**

The Company computes earnings (loss) per share in accordance with ASC 260, "*Earnings per Share"*. ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. The Company computes Basic EPS by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all diluted potential common shares outstanding during the period using the treasury stock method and convertible notes and preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants and convertible preferred stock. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

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| | | |
|:---|:---|:---|
|  | **For Six Months Ended June 30,** | **For Six Months Ended June 30,** |
|  | **2025** | **2024** |
| **Net Income (Loss) computation of basic and diluted per common share:** |  |  |
| &nbsp;&nbsp;Net loss attributable to common and common equivalent stockholders | $(231164) | $(189898) |
| **<u>Basic and diluted net income (loss) per share:</u>** |  |  |
| &nbsp;&nbsp;Basic and diluted net loss per common and common equivalent shares | $(0.010) | $(0.008) |
| &nbsp;&nbsp;Basic and diluted weighted average common and common equivalent shares outstanding | $22533783 | $22533783 |

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Potential dilutive securities that are not included in the calculations of diluted net loss per share because their effect is anti-dilutive are as follows as of December 31st (in common equivalent shares):

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| | | | | |
|:---|:---|:---|:---|:---|
| **Outstanding Warrants** | **June 30, 2025** | **June 30, 2025** | **December 31, 2025** | **December 31, 2025** |
| &nbsp;&nbsp;**Warrants** | | 2,738,605 | | 2,738,605 |

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**NOTE 8. COMMITMENTS AND CONTINGENCIES**

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***Leases***

The Company determines if an arrangement is or contains a lease at contract inception. In arrangements that involve an identified asset, there is also judgment in evaluating if we have the right to direct the use of that asset.

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Operating leases are recorded in our balance sheet. Right-of-use ("ROU") assets and lease liabilities are measured at the lease commencement date based on the present value of the remaining lease payments over the lease term, determined using the discount rate for the lease at the commencement date.

Finance lease right-of-use assets are included in property, plant, and equipment, net, and finance lease liabilities are included in other current liabilities and other liabilities on the consolidated balance sheets.

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***Office Lease***

On December 4, 2019, the Company executed a non-cancellable lease in a warehouse complex for a monthly base rent of $21,460, with a 3% annual increase and initial cams of $4,442.63. The lease commenced on May 1, 2020, and extends for a term of five years, to expire on April 30, 2025. On May 1, 2025, the Company executed a non-cancellable lease in a warehouse complex at a new location at 7770 Dean Martin Dr.; Las Vegas, NV 89139 for a base rent of $16,390.00, $19,668.00, $23,437.70, $23,437.70 and $23.437,70 for May 2025, June 2025, July 2025, August 2025 and September 2025 respectively. Base rent increased to $24,421 beginning on October 1, 2025, with a 4.3% annual increase and initial cams of $4,442.63. The lease will expire on October 31, 2028. The rent is payable on the first day of each month. The Company recorded an initial lease liability and right-of-use asset of $1,059,987 on May 1, 2025.

The Company reported the following summary of non-cancellable operating leases in accordance with the provisions of ASC 842 Topic 842 *"Leases"* as follows:

Summary of Non-Cancellable Operating Leases:

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| | | |
|:---|:---|:---|
| **Office and Warehouse Lease** | **June 30, 2025** | **December 31, 2024** |
| &nbsp;&nbsp;Right-of-use asset, net | $1026393 | $101240 |
| &nbsp;&nbsp;Current lease liabilities | 290937 | 100.777 |
| &nbsp;&nbsp;Non-current lease liabilities | 733826 |  |
| &nbsp;&nbsp;Total operating lease liabilities | $1024763 | $100777 |

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 **

***Equipment Leases***

 

***Related Party - Notes***

On May 18, 2022, the Company entered into an agreement to borrow $66,557 at an interest rate of 9.95% from its CEO, Mr. Wright, to acquire a 2012 Freightliner truck for product deliveries. The agreement is an on-demand note. Mr. Wright is the recorded lienholder on the vehicle's title and has received monthly with a remaining balance of $50,714 and $22,649, on December 31, 2024, and June 30, 2025, respectively.

From time to time, the Company may provide, at its discretion, payroll advances to its employees as part of its normal operating activities. Employees who request a payroll advance must sign a written agreement to repay any advance in whole or in part through future payroll advances to conform with Nevada state law.

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***Related Party - Contractor***

The Company has an at-will agreement with Advance Construction Technologies International, LLC, to provide computer support and warehouse inventory controls.

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**NOTE 9 – STOCKHOLDERS' EQUITY, UNPAID DIVIDENDS AND WARRANTS**

The Company's capitalization on December 31, 2024, and June 30, 2025, was 190,000,000 authorized common shares with a par value of $0.001 per share and 10,000,000 authorized preferred shares with a par value of $0.001 per share.

The Company's Class "A" Convertible Preferred Shares have an accrued undeclared dividend payable at a rate of 10.5% and will convert to an equal number of common shares upon filing a registration statement with the Securities and Exchange Commission.

The Company's Class "F" Preferred Shares were available exclusively to current shareholders as a set with an equivalent number of common shares. The preferred shares are non-voting and will share, as a class, in 4% of the future gross profit generated from the company's Fitboxr and Smack-Out product lines until the total dividends paid to this class of shares reach $159,352. As of June 30, 2025, the company holds an undeclared dividend liability amounting to $157,771, which represents the remaining dividends payable to shareholders of Class "F" Preferred Shares. Once commitments for the unpaid dividends associated with the Class "F" preferred shares are fulfilled, these preferred shares will be retired.

***Dividends***

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| | | |
|:---|:---|:---|
|  | **Undeclared Dividends**<br>**June 30, 2025** | **Undeclared Dividends**<br>**December 31, 2024** |
| &nbsp;&nbsp;Class "A" Convertible Preferred Shares 10.5%, Voting | $104475 | $99750 |
| &nbsp;&nbsp;Class "F" Preferred Shares 4%, Non-voting | $157771 | $157771 |

---

***Warrants***

There are outstanding 1,222,313 Warrants that entitle holders to receive, upon exercise, one common share per warrant for $2 per share, 390,680 Warrants that entitle holders to receive, upon exercise, one common share per warrant for $3 per share, and 1,125,612 Warrants that entitle holders to receive, upon exercise, one common share per warrant for $4 per share. All outstanding warrants expire on October 30, 2026.

The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding.

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**NOTE 10 – SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER**

 ****

***Beneficial Owners***

The following table and footnotes thereto sets forth information regarding the number of shares of Stock beneficially owned by (i) each director and named executive officer of our Company, (ii) named executive officers, executive officers, and directors of the Company as a group, and (iii) each person known by us to be the beneficial owner of 5% or more of our issued and outstanding shares of Common Stock. In calculating any percentage in the following table of common stock beneficially owned by one or more persons named therein, the following table assumes 22,533,783 shares of voting Stock outstanding. Unless otherwise further indicated in the following table, the footnotes thereto and/or elsewhere in this report, the persons and entities named in the following table have sole voting and sole investment power with respect to the shares set forth opposite the shareholder's name, subject to community property laws, where applicable. Unless as otherwise indicated in the following table and/or the footnotes thereto, the address of our named executive officers and directors in the following table is: 7770 Dean Martin Dr., Suite 303, Las Vegas NV 89139.

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| | | |
|:---|:---|:---|
| **Named Executive Officers and Directors' <sup>(12)</sup>** | **Shareholdings** | **Percent<sup>(2)</sup>** |
| &nbsp;&nbsp;Chester Wright III | 8022000 | 35.600% |
| &nbsp;&nbsp;Arkady Zalan **<sup>(3)</sup>** |  |  |
| &nbsp;&nbsp;Spencer Fisher | 1015000 | 4.500% |
| &nbsp;&nbsp;Catherine Wilkinson **<sup>(4)</sup>** | 90000 | 0.004% |
| &nbsp;&nbsp;Executive Officers, Named Executive Officers, and Directors as a Group | 9127000 | 46.100% |
| &nbsp;&nbsp;**5% Beneficial Holders (Not Named Above)** |  |  |

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Footnotes

<sup>(1)</sup> Under Rule 13d-3 of the Exchange Act, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, people share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon the exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the number of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in the above table does not necessarily reflect the person's actual ownership or voting power with respect to the number of shares of common stock actually outstanding on the date of this Annual Report.

<sup>(2)</sup> Does not include outstanding warrants. Named Executive Officers and Directors are not holders of any outstanding warrant.

<sup>(3)</sup> On April 29, 2025, Arkady Zalan, a director and officer of Global Industry Products, Corp., passed away.

<sup>(4)</sup> On June 20, 2025, Catherine Wilkinson was added to replace Arkady Zalan.

***Changes in Control***

There are no arrangements known to us, the operation of which may at a subsequent date result in a change in control of the Company.

**NOTE 11. SUBSEQUENT EVENTS**

In September 2025 Chester Wright conveyed 268,000 shares that he held jointly with his two children to such children, reducing him to 35.60% including beneficial ownership.

In accordance with ASC 855-10, management has evaluated subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any additional material subsequent events to disclose in these financial statements.

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**GLOBAL INDUSTRY PRODUCTS, CORP.**

**Consolidated Financial Statements** 

**for years ended December 31, 2024 and 2023**

**(Audited)**

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**INDEX**

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| | |
|:---|:---|
| &nbsp;&nbsp; **Global Industry Products Corp.**<br> **Consolidated Financial Statements for years ended December 31, 2024 and 2023** <br> **(Audited)** | &nbsp;&nbsp; **Global Industry Products Corp.**<br> **Consolidated Financial Statements for years ended December 31, 2024 and 2023** <br> **(Audited)** |
| &nbsp;&nbsp;Report of Independent Registered Public Accounting Firm (PCAOB 6797) | &nbsp;&nbsp;F-17 |
| &nbsp;&nbsp;Consolidated Balance Sheet | &nbsp;&nbsp;F-18 |
| &nbsp;&nbsp;Consolidated Statement of Operations | &nbsp;&nbsp;F-19 |
| &nbsp;&nbsp;Consolidated Statement of Changes in Stockholders' Equity (Deficit) | &nbsp;&nbsp;F-20 |
| &nbsp;&nbsp;Consolidated Statement of Cash Flows | &nbsp;&nbsp;F-21 |
| &nbsp;&nbsp;Notes to the Financial Statements | &nbsp;&nbsp;F-22 |

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and Stockholders,

Global Industry Products Corp.

OPINION ON THE FINANCIAL STATEMENTS

We have audited the accompanying balance sheets of Global Industry Products Corp. (the "Company") as of December 31, 2024 and 2023, and the related statements of operations and comprehensive income, change in stockholders' equity, and cash flows for the years then ended December 31, 2024 and 2023, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended December 31, 2024 and 2023, in conformity with accounting principles generally accepted in the United States of America.

BASIS FOR OPINION

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

COMPANY'S ABILITY TO CONTINUE AS A GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company's operating losses raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

CRITICAL AUDIT MATTERS

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgements. We determined that there are no critical audit matters.

/s/Bush & Associates CPA LLC

We have served as the Company's auditor since 2024.

Henderson, Nevada

September 30, 2025

PCAOB ID Number 6797

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| | | |
|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **BALANCE SHEETS** | **BALANCE SHEETS** | **BALANCE SHEETS** |
|  | **December 31, 2024** | **December 31, 2023** |
| **ASSETS** | | |
| **CURRENT ASSETS** | | |
| &nbsp;&nbsp;Cash and cash equivalents | $339139 | $35314 |
| &nbsp;&nbsp;Accounts receivables, net | 350891 | 562592 |
| &nbsp;&nbsp;Inventory, net | 965960 | 1206974 |
| &nbsp;&nbsp;Other current assets | 30357 | 29586 |
| &nbsp;&nbsp;**Total current assets** | 1686347 | 1834466 |
| &nbsp;&nbsp;**LONG-TERM ASSETS** |  |  |
| &nbsp;&nbsp;Property, plant and equipment, net | 66273 | 97218 |
| &nbsp;&nbsp;Intangible Assets, net | 232632 | 226573 |
| &nbsp;&nbsp;Right of use assets, net | 101240 | 393447 |
| &nbsp;&nbsp;Other long-term assets | 73791 | 62748 |
| &nbsp;&nbsp;**TOTAL ASSETS** | $**2160283** | $**2614452** |
| &nbsp;&nbsp;**LIABILITIES AND EQUITY** |  |  |
| &nbsp;&nbsp;**CURRENT LIABILITIES** |  |  |
| &nbsp;&nbsp;Accounts payable | $103763 | $234255 |
| &nbsp;&nbsp;Lease liabilities-short term | 100777 | 293046 |
| &nbsp;&nbsp;Current maturities of long-term debt | 32645 | 27897 |
| &nbsp;&nbsp;Notes payable - related party |  | 40000 |
| &nbsp;&nbsp;Other current liabilities | 14487 | 15065 |
| &nbsp;&nbsp;**Total current liabilities** | $251672 | $610263 |
| &nbsp;&nbsp;**LONG-TERM LIABILITIES** |  |  |
| &nbsp;&nbsp;Lease liabilities-long term |  | 100488 |
| &nbsp;&nbsp;Long-term debt | 156156 | 183327 |
| &nbsp;&nbsp;Other long-term liabilities | 974 | 942 |
| &nbsp;&nbsp;**TOTAL LIABILITIES** | $**408802** | $**895020** |
| &nbsp;&nbsp;**EQUITY** |  |  |
| &nbsp;&nbsp;Preferred stock $0.001 par value, 10,000,000 shares of authorized, <br> 273,724 issued and outstanding | 274 | 274 |
| &nbsp;&nbsp;Common stock $0.001 par value, 190,000,000 shares of authorized, <br> 22,260,059 issued and outstanding | 22260 | 22260 |
| &nbsp;&nbsp; Additional paid-in-capital | 5812520 | 5497553 |
| &nbsp;&nbsp; Accumulated deficit | (4083573) | (3800655) |
| &nbsp;&nbsp;**TOTAL EQUITY** | **1751481** | **1719432** |
| &nbsp;&nbsp;**TOTAL LIABILITIES AND EQUITY** | $**2160283** | $**2614452** |

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| | | |
|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **STATEMENT OF OPERATIONS** | **STATEMENT OF OPERATIONS** | **STATEMENT OF OPERATIONS** |
|  | **For the year ended December, 31** | **For the year ended December, 31** |
|  | **2024** | **2023** |
| **REVENUE** |  |  |
| &nbsp;&nbsp;Revenue | $3136166 | $3550456 |
| &nbsp;&nbsp; **Net Revenue** | **3136166** | **3550456** |
| &nbsp;&nbsp;**COST OF REVENUE** |  |  |
| &nbsp;&nbsp; Cost of revenue | 2164020 | 2456341 |
| &nbsp;&nbsp; **Total cost of revenue** | $**2164020** | $**2456341** |
| &nbsp;&nbsp;**GROSS PROFIT** | **972146** | **1094115** |
| &nbsp;&nbsp;**OPERATING EXPENSES** |  |  |
| &nbsp;&nbsp; Selling, general and administrative expense | 1263035 | 1136482 |
| &nbsp;&nbsp; **Total Operating Expenses** | $**1263035** | $**1136482** |
| &nbsp;&nbsp;**OTHER INCOME/EXPENSE** |  |  |
| &nbsp;&nbsp;Other Income (Expense) | 7970 | 4200 |
| &nbsp;&nbsp;**Total Other Income (Expense)** | **7970** | **4200** |
| &nbsp;&nbsp;**Net income/(loss) before income tax provision** | (282919) | (38167) |
| &nbsp;&nbsp;**NET INCOME/(LOSS)** | $**(282919)** | $**(38167)** |
| &nbsp;&nbsp;**Income/(Loss) per share - basic and diluted** | $(0.012) | $(0.002) |
| &nbsp;&nbsp;**Weighted average number of shares outstanding - basic and diluted** | 22533783 | 22533783 |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** | **STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY**<br> **Two year ended December 31, 2024** |
|  | **Preferred Stock Series "A"** | **Preferred Stock Series "A"** | **Preferred Stock Series "F"** | **Preferred Stock Series "F"** | **Common Stock** | **Common Stock** | **Common Stock** | | |
|  | **Shares** | **Par Value** | **Shares** | **Par Value** | **Shares** | **Par Value** | **Additional Paid in Capital** | **Retained Earnings (Deficit)** | **Total Stockholders' Equity (Deficit)** |
| **Balance - December 31, 2022** | **110000** | **$110** | **163724** | **$164** | **22260059** | **$22260** | **$5497664** | **$(3762488)** | **$1757710** |
| &nbsp;&nbsp;Net Loss |  |  |  |  |  |  |  | (38167) | (38167) |
| &nbsp;&nbsp;Dividends Paid |  |  |  |  |  |  | (111) |  | (111) |
| &nbsp;&nbsp;**Balance - December 31, 2023** | **110000** | $**110** | **163724** | $**164** | **22260059** | $**22260** | $**5497553** | $**(3800655)** | $**1719432** |
| &nbsp;&nbsp;Net Loss |  |  |  |  |  |  |  | (282919) | (282919) |
| &nbsp;&nbsp;Shares returned to treasury |  |  |  |  | (1400000) |  |  |  |  |
| &nbsp;&nbsp;Shares Issued |  |  |  |  | 1400000 |  | 315001 |  | 315001 |
| &nbsp;&nbsp;Dividends Paid |  |  |  |  |  |  | (34) |  | (34) |
| &nbsp;&nbsp;**Balance - December 31, 2024** | **110000** | $**110** | **163724** | $**164** | **22260059** | $**22260** | $**5812520** | $**(4083573)** | $**1751481** |

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| | | |
|:---|:---|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** | **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| **STATEMENTS OF CASH FLOW** | **STATEMENTS OF CASH FLOW** | **STATEMENTS OF CASH FLOW** |
|  | **For the year ended December 31,** | **For the year ended December 31,** |
|  | **2024** | **2023** |
| **Cash Flows From Operating Activities:** |  |  |
| &nbsp;&nbsp;Net Income (Loss) | $(282919) | $(38167) |
| &nbsp;&nbsp;Adjustments to reconcile Net Income (Loss) to net cash provided by operations: |  |  |
| &nbsp;&nbsp; Depreciation and amortization | 71417 | 80226 |
| &nbsp;&nbsp; Amortization of right-of-use assets | 287795 | 278176 |
| &nbsp;&nbsp;**Changes in operating assets and liabilities** |  |  |
| &nbsp;&nbsp; Accounts Receivables | 211701 | 66207 |
| &nbsp;&nbsp; Inventory | 241014 | (109643) |
| &nbsp;&nbsp; Deposits and other current assets | (11814) | (30269) |
| &nbsp;&nbsp; Accounts payables | (131037) | (61262) |
| &nbsp;&nbsp; Lease liabilities | (292757) | (283138) |
| &nbsp;&nbsp;**Cash Generated From/(Used In) Operating Activities** | $**93400** | $**(97870)** |
| &nbsp;&nbsp;**Cash Flows From Investing Activities:** |  |  |
| &nbsp;&nbsp; Purchases of equipment | (3064) | (19244) |
| &nbsp;&nbsp; Purchase of intangible assets | (39055) | (11680) |
| &nbsp;&nbsp; Due received from related parties |  | 1950 |
| &nbsp;&nbsp;**Cash Generated From/(Used In) Investing Activities** | $**(42119)** | $**(28973)** |
| &nbsp;&nbsp;**Cash Flows From Financing Activities:** |  |  |
| &nbsp;&nbsp; Proceeds from issuance of shares | 315001 |  |
| &nbsp;&nbsp; Dividends paid | (34) | (111) |
| &nbsp;&nbsp; Repayment of loan - unrelated parties | (3147) | (3372) |
| &nbsp;&nbsp; Repayment of loan - related parties | (19276) | (13349) |
| &nbsp;&nbsp; Proceeds from loans from related parties | (40000) | 40000 |
| &nbsp;&nbsp;**Cash Generated From/(Used In) Financing Activities** | $**252544** | $**23168** |
| &nbsp;&nbsp;**Net (Decrease) Increase in Cash** | 303825 | (103676) |
| &nbsp;&nbsp;**Cash at Beginning of Year** | 35314 | 138989 |
| &nbsp;&nbsp;**Cash at End of Year** | $339139 | $35314 |
| &nbsp;&nbsp;**Supplemental Disclosure of Cash Flow Information:** |  |  |
| &nbsp;&nbsp; Cash paid for interest | $2270 | $3889 |
| &nbsp;&nbsp;**Supplemental Disclosures of Non-Cash Investing and Financing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Present value of initial lease liability and right-of-use asset | $101240 | $393447 |

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**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**

**NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

***Description of Business***

Global Industry Products, Corp., a Nevada corporation, diversified distributor of non-durable products to the Casino and retail industries, and a product innovator and marketer of products worldwide.

***Basis of presentation***

The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America ("GAAP").

***Use of Estimates***

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of sales (or revenues) and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that estimates made as of the date of the financial statements could change in the near term due to one or more future events. Accordingly, the actual results could differ significantly from those estimates. Significant accounting estimates reflected in the Company's consolidated financial statements include, but are not limited to, revenue recognition, allowance for doubtful accounts, recognition and measurement of income tax assets, valuation of share-based compensation, and the valuation of net assets acquired.

***Revenue Recognition***

The Company sells products to a diversified base of customers and has no material concentration of credit risk or significant payment terms extended to customers. The majority of customer arrangements contain a single performance obligation to transfer goods. Revenue is recognized when control of goods has transferred to customers. For most of the Company's customer arrangements, control transfers to customers at a point in time when goods/services have been delivered, as that is generally when the legal title, physical possession, and risks and rewards of goods/services transfer to the customer.

***Cash and cash equivalents***

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.

***Accounts receivables, net***

Trade receivables arise from granting credit to customers in the normal course of business, are unsecured, and are presented net of an allowance for doubtful accounts. The allowance is based on several factors, including the length of time the receivable is past due, the Company's previous loss history, the customer's current ability to pay, and the general condition of the economy and industry as a whole. Depending on the customer, payment is due between 30 and 90 days after the customer receives an invoice. When all collection efforts have been exhausted, the accounts are written off. Historically, the Company has suffered significant losses concerning its trade receivables.

***Inventories***

Inventories, which consist of purchased components for resale, are valued at the lower of average cost (which approximates the first-in, first-out method) and net realizable value. Given the nature of the non-durable goods of the Company inventory product mix and long shelf life, the Company rarely reduces the carrying value of inventory for slow-moving items but does reduce the carrying value of inventory for shrinkage and obsolete items.

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 ****

***Long-lived assets***

Property, plant and equipment are recorded at cost and presented net of accumulated depreciation. Major additions and improvements are capitalized, while maintenance and repairs, which do not improve or extend the life of the respective assets, are expensed. Property, plant and equipment are normally depreciated on a straight-line basis over their estimated useful lives.

Definite-lived intangible assets arising from asset acquisitions include intellectual property, patents, trademarks, and product development. These assets are amortized on a systematic and rational basis (generally straight-line) that represents the asset's use. Definite-lived intangible assets are amortized over the estimated period during which the asset is expected to contribute directly or indirectly to future cash flow.

Fully depreciated PPE other are retained in PPE and accumulated depreciation accounts until disposal. Upon disposal, assets and related accumulated depreciation are removed from the accounts, and the net amount, less proceeds from disposal, is charged or credited to operations. Definite-lived intangible assets are removed from their respective gross asset and accumulated amortization accounts when they are no longer used.

***Concentration of business and credit risk***

Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash and cash equivalents and accounts receivable. Cash held by the Company in financial institutions may exceed the federally insured limit of $250,000 at certain times. As of December 31, 2024, the Company held cash and cash equivalents of $339,139, including approximately $4,642 in excess of federally insured limits. These funds are maintained with financial institutions of high credit quality, and the Company regularly monitors credit risk exposure.

No customer sales accounted for more than 12% and 14% in 2023 and 2024 respectively.

***Bad Debt Recognition***

The allowance for doubtful accounts is calculated by multiplying the receivable balance in the various aging categories by a reserve rate. A higher reserve rate is applied to older receivables because those receivables are less likely to be collected.

***Fair value of financial instruments***

Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and assumptions that market participants would use when pricing the asset or liability.

ASC Topic 820, *Fair Value Measurements and Disclosures* provides a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The level in the hierarchy within which the fair value measurement in its entirety falls is based upon the lowest level of input that is significant to the fair value measurement as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1 — inputs are based upon unadjusted quoted prices for identical assets or liabilities traded in active markets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2 — inputs are based upon quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3 — inputs are generally unobservable and typically reflect management's estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined by using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques.

Assets measured at fair value on a non-recurring basis include goodwill, and tangible and intangible assets. Such assets are reviewed annually for impairment indicators. If a triggering event has occurred, the assets are re-measured when the estimated fair value of the corresponding asset group is less than the carrying value. The fair value measurements, in such instances, are based on significant unobservable inputs (Level 3).

The carrying amounts of the Company's financial instruments, which include accounts receivable, accounts payable and accrued expenses and debt at floating interest rates, approximate their fair values, principally due to their short-term nature, maturities or nature of interest rates.

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***Advertising and vendor considerations***

Advertising costs are expensed as incurred.

***Segment reporting***

The Company operates as a single operating segment. The Chief Executive Officer, who is the chief operating decision maker, manages the Company as a single profit center to promote collaboration, provide comprehensive service offerings across the entire customer base, and provide incentives to employees based on the success of the organization as a whole. Although certain information regarding selected products or services is discussed to promote an understanding of the Company's business, the chief operating decision-maker manages the Company and allocates resources at the consolidated level. ****

***Inventory***

Inventory is held for resale and is stated at the lower of cost or market. U.S. merchandise inventories are valued by using the Average Cost Method. The Company believes the Average Cost Method more fairly presents the results of operations due to the numerous vendors for the same product and the incremental changes in cost not reflected in revenue pricing increases.

***Inventory Reserve Account***

The company's inventory mainly consists of non-durable goods, all of which are in marketable condition. Despite this readiness for sale, a portion of the inventory remains unsold, primarily resulting from insufficient market demand among the company's customer base. This lack of demand can be attributed to various factors, including changing consumer preferences, increased competition, or economic conditions that limit customers' purchasing power. To address this issue, the company analyzes market trends and customer behaviors to better align its inventory with consumer needs. The Inventory Reserve account is drawn from historical sales data to the percentage of inventory that typically remains unsold, damaged, or becomes obsolete, while considering current market conditions, customer demand, and product lifecycles when estimating the percentage.

**NOTE 2 – GOING CONCERN**

The accompanying consolidated financial statements have been prepared on a going concern basis of accounting which contemplates continuity of operations, realization of assets, liabilities, and commitments in the normal course of business. The accompanying consolidated financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred an accumulated deficit amounting to $(4,083,573) for the year December 31, 2024, which includes net operating losses for the twelve months ended December 31, 2024 of $(282,919). Due to our negative accumulated net losses, there may exist substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. In addition, the Company's development activities since inception have been financially sustained through equity financing. Management plans to focus on expanding market reach, launching new product lines, and implementing targeted marketing initiatives to drive sales growth. Including a resent license agreement for the companies IP in the Europe and Asia marketplace is intended to mitigate the conditions that have raise substantial doubt about the entity's ability to continue as a going concern.

While recently operating losses have been experienced, management believes the company's core business remains viable and is actively implementing cost-reduction measures to improve profitability.

Based on evaluation of the above factors and the management actions outlined, we believe that the company has a reasonable ability to continue as a going concern and meet its obligations in the foreseeable future.

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**NOTE 3. INTANGLIBLE ASSETS, NET**

Definite-lived intangible assets, patents, and product development costs are included in intangible assets on the balance sheets and are amortized on a straight-line basis over their estimated lives, which approximates the pattern of expected economic benefit.

Goodwill represents the excess of acquisition cost over the fair value of the net assets acquired and is subject to amortization. The Company reviews goodwill annually in the fourth quarter for impairment or when circumstances indicate that the carrying value may exceed the fair value.

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| | | | |
|:---|:---|:---|:---|
|  | **Estimated Life** | **December 31, 2024** | **December 31, 2023** |
| &nbsp;&nbsp;Intellectual Property | 15 | 258369 | 237914 |
| &nbsp;&nbsp;Product Development | 5 | 162159 | 143559 |
| &nbsp;&nbsp;Goodwill | 15 | 50000 | 50000 |
|  |  | 470528 | 431473 |
| &nbsp;&nbsp;Accumulated amortization |  | (237896) | (204901) |
| &nbsp;&nbsp;Intangible Assets, net |  | 232632 | 226572 |

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**NOTE 4. PROPERTY**, **PLANT AND EQUIPMENT, NET**

Property, plant and equipment are stated at cost. Depreciation expense is computed primarily using the straight-line method over estimated useful lives. Leasehold improvements made after the beginning of the initial lease term are depreciated over the shorter of the estimated useful life of the asset or the remaining term of the initial lease plus any renewals that are reasonably certain at the date the leasehold improvements are made.

Property, plant and equipment, stated at cost, consisted of the following:

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| | | | |
|:---|:---|:---|:---|
|  | **Estimated Life** | **December 31, 2024** | **December 31, 2023** |
| &nbsp;&nbsp;Leasehold improvements | 5 | 22829 | 22829 |
| &nbsp;&nbsp;Equipment & fixtures | 5-7 | 83098 | 88076 |
| &nbsp;&nbsp;Trucks and delivery vehicles | 5 | 155408 | 183144 |
|  |  | 261335 | 294049 |
| &nbsp;&nbsp;Accumulated depreciation |  | (195063) | (196831) |
| &nbsp;&nbsp;Property and equipment, net |  | 66272 | 97218 |

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**NOTE 5. TAXES**

Income taxes are accounted for under the asset and liability method pursuant to ASC Topic 740, *Income Taxes* (ASC 740), whereby deferred tax assets and liabilities are recognized for the expected future consequences attributable to the differences between the financial statement carrying amounts and the tax basis of assets and liabilities. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the period of the change. Further, deferred tax assets are recognized for the expected realization of available net operating loss and tax credit carryforwards. A valuation allowance is recorded on gross deferred tax assets when it is "more likely than not" that such asset will not be realized. When evaluating the realizability of deferred tax assets, all evidence, both positive and negative, is evaluated. Items considered in this analysis include the ability to carry back losses, the reversal of temporary differences, tax planning strategies, and expectations of future earnings. The Company reviews its deferred tax assets on a quarterly basis to determine if a valuation allowance is required based upon these factors. Changes in the Company's assessment of the need for a valuation allowance could give rise to a change in such allowance, potentially resulting in additional expense or benefit in the period of change.

The Company's income tax provision or benefit includes U.S. federal, state and local income taxes and is based on pre-tax income or loss. In determining the annual effective income tax rate, the Company analyzed various factors, including its annual earnings and taxing jurisdictions in which the earnings were generated, the impact of state and local income taxes, and its ability to use tax credits and net operating loss carry forwards.

Under ASC 740, the amount of tax benefit to be recognized is the amount of benefit that is "more likely than not" to be sustained upon examination. The Company analyzes its tax filing positions in all of the U.S. federal, state, local, and foreign tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, the Company

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determines that uncertainties in tax positions exist, a liability is established in the consolidated financial statements. The Company recognizes accrued interest and penalties related to unrecognized tax positions in the provision for income taxes.

The Company cannot determine the sustained tax loss benefit and has not made a provision to recognize any benefit from the prior period's tax losses, although such benefit may exist.

The Company's income tax returns are subject to examination by federal and state authorities in accordance with prescribed statutes.

**NOTE 6. EXECUTIVE COMPENSATION**

The following table shows the compensation paid to our named executive officers during the last fiscal years ended December 31, 2024, and 2023, and information concerning all compensation paid for services rendered to us in all capacities for our last two fiscal years.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year-Ended** | **Salary and**<br> **related Compensation** | **All Other Compensation** | **Total** |
| &nbsp;&nbsp;Chester Wright, CEO | December 31, 2024 | $99800 | – $| 99800 |
| &nbsp;&nbsp;Spence Fisher, President | December 31, 2024 | $94423 | – $| 94428 |
| &nbsp;&nbsp;Arkady Zalan, Secretary | December 31, 2024 | $48367 | – $| 48367 |
| &nbsp;&nbsp;Chester Wright, CEO | December 31, 2023 | $83100 | – $| 83100 |
| &nbsp;&nbsp;Spence Fisher, President | December 31, 2023 | $90217 | – $| 90217 |
| &nbsp;&nbsp;Arkady Zalan, Secretary | December 31, 2023 | $46100 | – $| 46100 |

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Executives and officers may receive reimbursement for travel expenses and other expenses directly incurred related to Company activities. These reimbursements are nominal and not reflected as compensation.

**NOTE 7. EARNINGS (LOSS) PER COMMON AND COMMON EQUIVALENT SHARE**

The Company computes earnings (loss) per share in accordance with ASC 260, "*Earnings per Share"*. ASC 260 requires presentation of both basic and diluted earnings per share ("EPS") on the face of the income statement. The Company computes Basic EPS by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all diluted potential common shares outstanding during the period using the treasury stock method and convertible notes and preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options, warrants and convertible preferred stock. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

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| | | |
|:---|:---|:---|
|  | **For the Year Ended** | **For the Year Ended** |
|  | **2024** | **2023** |
| **Net Income (Loss) computation of basic and diluted per common share:** |  |  |
| &nbsp;&nbsp;Net loss attributable to common and common equivalent stockholders | $(282919) | $(38167) |
| &nbsp;&nbsp;**<u>Basic and diluted net income (loss) per share:</u>** |  |  |
| &nbsp;&nbsp;Basic and diluted net loss per common and common equivalent shares | $(0.012) | $(0.002) |
| &nbsp;&nbsp;Basic and diluted weighted average common and common equivalent shares outstanding | 22533783 | 22533783 |

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Potential dilutive securities that are not included in the calculations of diluted net loss per share because their effect is anti-dilutive are as follows as of December 31st (in common equivalent shares):

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| | | | | |
|:---|:---|:---|:---|:---|
| **Outstanding Warrants** | **2024** | **2024** | **2023** | **2023** |
| &nbsp;&nbsp;**Warrants** | | 2,738,605 | | 2,738,605 |

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**NOTE 8. COMMITMENTS AND CONTINGENCIES**

***Leases***

The Company determines if an arrangement is or contains a lease at contract inception. In arrangements that involve an identified asset, there is also judgment in evaluating if we have the right to direct the use of that asset.

Operating leases are recorded in our balance sheet. Right-of-use ("ROU") assets and lease liabilities are measured at the lease commencement date based on the present value of the remaining lease payments over the lease term, determined using the discount rate for the lease at the commencement date.

Finance lease right-of-use assets are included in property, plant, and equipment, net, and finance lease liabilities are included in other current liabilities and other liabilities on the consolidated balance sheets.

***Office Lease***

On December 4, 2019, the Company executed a non-cancellable in a warehouse complex for a monthly base rent of $21,460, with a 3% annual increase and initial cams of $4,442.63. The lease commenced on May 1, 2020, and extends for a term of five years, to expire on April 30, 2025. The rent is payable on the first day of each month. The Company recorded an initial lease liability and right-of-use asset of $659,603. The Company intends to enter into a new lease agreement beginning May 1, 2025, either at the current location or yet identified location.

The Company reported the following summary of non-cancellable operating leases in accordance with the provisions of ASC 842 Topic 842 *"Leases"* as follows:

Summary of Non-Cancellable Operating Leases:

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| | | |
|:---|:---|:---|
| **Office and Warehouse Lease (1)** | **December 31, 2024** | **December 31, 2023** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Right-of-use asset, net | 101240 | 393447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current lease liabilities | 100777 | 293046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-current lease liabilities |  | 100488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating lease liabilities | 100777 | 393534 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Right-of-use asset net is higher than total operating lease liabilities because Forklift lease has a $1 purchase option and the company intends to convert the leased asset to an own asset and the end of the lease. The calculated amortization value is lower than the lease payment.

***Equipment Leases***

***Related Party - Notes***

On May 18, 2022, the Company entered into an agreement to borrow $66,557 at an interest rate of 9.95% from its CEO, Mr. Wright, to acquire a 2012 Freightliner truck for product deliveries. The agreement is an on-demand note. Mr. Wright is the recorded lienholder on the vehicle's title and has received monthly with a remaining balance of $50,714 on December 31, 2023, and $31,479 on December 31, 2024.

On December 5, 2023, the Company obtained a $40,000, 60-day loan from Advance Construction Technologies International, Inc., whose management consists of related parties. Subsequently, the loan has been retired.

From time to time, the Company may provide, at its discretion, payroll advances to its employees as part of its normal operating activities. Employees who request a payroll advance must sign a written agreement to repay any advance in whole or in part through future payroll advances to conform with Nevada state law. ****

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 ****

***Related Party - Contractor***

The Company has an at-will agreement with Advance Construction Technologies International, LLC, to provide computer support and warehouse inventory controls.

**NOTE 9 – STOCKHOLDERS' EQUITY, UNPAID DIVIDENDS AND WARRANTS**

The Company's capitalization on December 31, 2024, and 2023, was 190,000,000 authorized common shares with a par value of $0.001 per share and 10,000,000 authorized preferred shares with a par value of $0.001 per share.

The Company's Class "A" Convertible Preferred Shares have an accrued dividend payable at a rate of 10.5% and will convert to an equal number of common shares upon filing a registration statement with the Securities and Exchange Commission.

The Company's Class "F" Preferred Shares were available exclusively to current shareholders as a set with an equivalent number of common shares. The preferred shares are non-voting and will share, as a class, in 4% of the future gross profit generated from the company's Fitboxr and Smack-Out product lines until the total dividends paid to this class of shares reach $159,352. As of December 31, 2024 and December 31, 2023, the company holds an undeclared dividend liability amounting to $157,771, which represents the remaining dividends payable to shareholders of Class "F" Preferred Shares. Once commitments for the unpaid dividends associated with the Class "F" preferred shares are fulfilled, these preferred shares will be retired.

***Dividends***

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| | | |
|:---|:---|:---|
|  | **Undeclared Dividends**<br>**2024** | **Undeclared Dividends**<br>**2023** |
| &nbsp;&nbsp;Class "A" Convertible Preferred Shares 10.5%, Voting | $99750 | $90300 |
| &nbsp;&nbsp;Class "F" Preferred Shares 4%, Non-voting | $157771 | $157771 |

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***Warrants***

There are outstanding 1,222,313 Warrants that entitle holders to receive, upon exercise, one common share per warrant for $2 per share, 390,680 Warrants that entitle holders to receive, upon exercise, one common share per warrant for $3 per share, and 1,125,612 Warrants that entitle holders to receive, upon exercise, one common share per warrant for $4 per share. All outstanding warrants expire on October 30, 2026.

The Board of Directors, without further approval of its stockholders, is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our Common Stock and other series of Preferred Stock then outstanding.

**NOTE 10 – SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER**

***Beneficial Owners***

The following table and footnotes thereto sets forth information regarding the number of shares of Stock beneficially owned by (i) each director and named executive officer of our Company, (ii) named executive officers, executive officers, and directors of the Company as a group, and (iii) each person known by us to be the beneficial owner of 5% or more of our issued and outstanding shares of Common Stock. In calculating any percentage in the following table of common stock beneficially owned by one or more persons named therein, the following table assumes 22,533,783 shares of voting Stock outstanding. Unless otherwise further indicated in the following table, the footnotes thereto and/or elsewhere in this report, the persons and entities named in the following table have sole voting and sole investment power with respect to the shares set forth opposite the shareholder's name, subject to community property laws, where applicable. Unless as otherwise indicated in the following table and/or the footnotes thereto, the address of our named executive officers and directors in the following table is: 7770 Dean Martin Dr., Suite 303, Las Vegas NV 89139.

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| | | |
|:---|:---|:---|
| **Named Executive Officers and Directors' <sup>(1)</sup>** | **Shareholdings** | **Percent<sup>(2)</sup>** |
| &nbsp;&nbsp;Chester Wright III <sup>(3)</sup> | 8022000 | 35.6% |
| &nbsp;&nbsp;Arkady Zalan | 1345000 | 6.0% |
| &nbsp;&nbsp;Spencer Fisher | 1015000 | 4.5% |
| &nbsp;&nbsp;Executive Officers, Named Executive Officers, and Directors as a Group | 10382000 | 46.1% |
| &nbsp;&nbsp;**5% Beneficial Holders (Not Named Above)** |  |  |

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Footnotes

<sup>(1)</sup> Under Rule 13d-3 of the Exchange Act, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, people share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon the exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the number of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in the above table does not necessarily reflect the person's actual ownership or voting power with respect to the number of shares of common stock actually outstanding on the date of this Annual Report.

<sup>(2)</sup> Does not include outstanding warrants. Named Executive Officers and Directors are not holders of any outstanding warrant.

<sup>(3)</sup> On February 20, 2024, Mr. Wright donated 1,400,000 shares of common stock to the Company's treasury with the Company's agreement that the treasury shares would be sold to current shareholders. The purchase of treasury stock by current shareholders did not increase the number of Named Executive Officers' and Directors' holdings or result in any additional 5% Beneficial Holders.

***Changes in Control***

There are no arrangements known to us, the operation of which may at a subsequent date result in a change in control of the Company.

**NOTE 11. SUBSEQUENT EVENTS**

In accordance with ASC 855-10, management has evaluated subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any additional material subsequent events to disclose in these financial statements.

On April 29, 2025, Arkady Zalan, a director and officer of Global Industry Products, Corp., passed away.

As of April 30, 2025, the Company's lease for its previous warehouse and office location expired. The Company has since signed a new lease and successfully relocated its warehouse and office operations to 7770 Dean Martin Drive, Suite 303, Las Vegas, NV 89139.

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**[OUTSIDE BACK COVER PAGE OF PROSPECTUS]**

**Dealer Prospectus Delivery Requirements**

**PART II. INFORMATION NOT REQUIRED IN PROSPECTUS**

**ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION**

We have expended, or will expend fees in relation to this registration statement as detailed below:

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| | |
|:---|:---|
| **Expenditure Item** | **Amount** |
| &nbsp;&nbsp;Attorney Fees | $25000 |
| &nbsp;&nbsp;Audit Fees | $180000 |
| &nbsp;&nbsp;Transfer Agent Fees | $4000 |
| &nbsp;&nbsp;SEC Registration and Blue Sky Registration fees (estimated) | $5000 |
| &nbsp;&nbsp;Miscellaneous Expenses (estimated) | $8000 |
| &nbsp;&nbsp;**Total** | $**222000** |

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____

**ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS**

We are a Nevada corporation and generally governed by the Nevada Private Corporations Code, Title 78 of the Nevada Revised Statutes, or NRS.

Section 78.138 of the NRS provides that, unless the corporation's articles of incorporation provide otherwise, a director or officer will not be individually liable unless it is proven that (i) the director's or officer's acts or omissions constituted a breach of his or her fiduciary duties, and (ii) such breach involved intentional misconduct, fraud or a knowing violation of the law.

Section 78.7502 of the NRS permits a company to indemnify its directors and officers against expenses, judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with a threatened, pending, or completed action, suit, or proceeding, except an action by or on behalf of the corporation, if the officer or director (i) is not liable pursuant to NRS 78.138, or (ii) acted in good faith and in a manner the officer or director reasonably believed to be in or not opposed to the best interests of the corporation and, if a criminal action or proceeding, had no reasonable cause to believe the conduct of the officer or director was unlawful. Section 78.7502 of the NRS also requires a corporation to indemnify its officers and directors if they have been successful on the merits or otherwise in defense of any claim, issue, or matter resulting from their service as a director or officer.

Section 78.751 of the NRS permits a Nevada company to indemnify its officers and directors against expenses incurred by them in defending a civil or criminal action, suit, or proceeding as they are incurred and in advance of final disposition thereof, upon determination by the stockholders, the disinterested board members, or by independent legal counsel. Section 78.751 of NRS requires a corporation to advance expenses as incurred upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that such officer or director is not entitled to be indemnified by the company if so provided in the corporations articles of incorporation, bylaws, or other agreement. Section 78.751 of the NRS further permits the company to grant its directors and officers additional rights of indemnification under its articles of incorporation, bylaws or other agreement.

Section 78.752 of the NRS provides that a Nevada company may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the company, or is or was serving at the request of the company as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise, for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the company has the authority to indemnify him against such liability and expenses.

Our Articles of Incorporation and Bylaws implement the indemnification and insurance provisions permitted by Chapter 78 of the NRS by providing that:

We shall indemnify our directors and officers to the fullest extent permitted by the NRS against expense, liability and loss reasonably incurred or suffered by them in connection with their service as an officer or director; and

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We may purchase and maintain insurance, or make other financial arrangements, on behalf of any person who holds or who has held a position as a director, officer, or representative against liability, cost, payment, or expense incurred by such person.

At the present time, there is no pending litigation or proceeding involving a director, officer, employee or other agent of ours in which indemnification would be required or permitted. We are not aware of any threatened litigation or proceeding which may result in a claim for such indemnification.

**ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES** 

**<u>Issuer Purchases of Equity Securities</u>**

We did not repurchase any shares of our common stock during the period April 1, 2023 through June 30, 2025.

**<u>Shares Issued in Private Placement Offering</u>**

We did not issue any shares of our common stock in a Private Placement Offering during the period April 1, 2023 through June 30, 2025.

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**ITEM 16. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES**

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Exhibit No.** | &nbsp;&nbsp; **Description** |  |
| &nbsp;&nbsp;[3(i).1](ex3_1.htm) | &nbsp;&nbsp;Articles of Incorporation – 3.2.09 | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[3(i).2](ex3_2.htm) | &nbsp;&nbsp;Certificate of Amendment to Articles of Incorporation – 2.8.10 | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[3(ii).3](ex3_3.htm) | &nbsp;&nbsp;Bylaws | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[4.1](ex4_1.htm) | &nbsp;&nbsp;Form of Warrant - Series C | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[4.2](ex4_2.htm) | &nbsp;&nbsp;Form of Warrant - Series D | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[4.3](ex4_3.htm) | &nbsp;&nbsp;Form of Warrant - Series E | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[5.1](ex5_1.htm) | &nbsp;&nbsp;Opinion of Legal Counsel | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[10.1](ex10_1.htm) | &nbsp;&nbsp;Master Lease Agreement | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[10.2](ex10_2.htm) | &nbsp;&nbsp;Sublease Agreement | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[21](ex21.htm) | &nbsp;&nbsp;List of Subsidiaries | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[23.1](ex23_1.htm) | &nbsp;&nbsp;Legal Opinion | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;[23.2](ex23_2.htm) | &nbsp;&nbsp;Consent of Independent Certified Public Accountants | &nbsp;&nbsp;Filed Herewith |
| &nbsp;&nbsp;107 | &nbsp;&nbsp;EX-FILING FEES | &nbsp;&nbsp;Filed Herewith |

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**_________________**

**ITEM 17. UNDERTAKINGS**

(a) (1) The undersigned registrant hereby undertakes to file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement: (i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933; (ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and (iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.

(2) The undersigned registrant hereby undertakes that, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3) The undersigned registrant hereby undertakes to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

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(4) The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424 (§ 230.424 of this chapter);

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(b) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.

(c) The undersigned registrant hereby undertakes that:

(1) For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b) (1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

(2) For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

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**SIGNATURES**

In accordance with the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-1 and authorized this Registration Statement to be signed on our behalf by the undersigned, thereunto duly authorized, in the City of Las Vegas, State of Nevada, on September 30, 2025.

**GLOBAL INDUSTRY PRODUCTS, CORP.**

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| | |
|:---|:---|
| &nbsp;&nbsp;/s/ Chester I. Wright, III | &nbsp;&nbsp;September 30, 2025 |
| &nbsp;&nbsp;Chester I. Wright, III |  |
| &nbsp;&nbsp;(Chief Executive Officer, Chief Financial Officer and Principal Executive Officer) |  |
| &nbsp;&nbsp;/s/ Chester I. Wright, III | &nbsp;&nbsp;September 30, 2025 |
| &nbsp;&nbsp;Chester I. Wright, III |  |
| &nbsp;&nbsp;(Acting Chief Financial Officer and Principal Accounting Officer) |  |

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In accordance with the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates stated.

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| | |
|:---|:---|
| &nbsp;&nbsp;/s/ Chester I. Wright, III | &nbsp;&nbsp;September 30, 2025 |
| &nbsp;&nbsp;Chester I. Wright, III, CEO, CFO and Director |  |
| &nbsp;&nbsp;/s/ Spencer Fisher | &nbsp;&nbsp;September 30, 2025 |
| &nbsp;&nbsp;Spencer Fisher, President and Director |  |
| &nbsp;&nbsp;/s/ Cathy Wilkinson | &nbsp;&nbsp;September 30, 2025 |
| &nbsp;&nbsp;Cathy Wilkinson, Secretary |  |

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## Exhibit 3.1

**EXHIBIT 3.1**

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## Exhibit 3.2

**EXHIBIT 3.2**

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## Exhibit 3.3

**EXHIBIT 3.3** 

**BYLAWS OF** 

**Global Industry Products, Corp.** 

**ARTICLE I OFFICES**

**<u>Section 1.</u> Registered Office.** The registered office of the corporation will be in Las Vegas, Nevada.

**<u>Section 2.</u> Other Offices.** The corporation may also have offices at such other places both within and without the State of Nevada as the Board of Directors may direct.

**ARTICLE II MEETINGS OF STOCKHOLDERS**

**<u>Section 1.</u> Place of Meetings.** Meetings of the stockholders may be held at such place, if any, either within or without the State of Nevada, as shall be designated by the Board of Directors and stated in the notice of the meeting. In lieu of holding a meeting of stockholders at a designated place, the Board of Directors may, in its sole discretion, determine that any meeting of stockholders may be held solely by means of remote communication.

**<u>Section 2.</u> Annual Meetings.** An annual meeting of stockholders of the Corporation for the election of directors and any other proper business shall be held each year at such place, if any, on such date and at such time as shall be designated by the Board of Directors.

**<u>Section 3.</u> Special Meetings.** Special meetings of the stockholders, for any purpose or purposes, unless otherwise prescribed by statute or by the articles of incorporation, may be called by the president and will be called by the president or secretary upon written request of a majority of the Board of Directors, or upon written request of stockholders owning a majority of the issued and outstanding capital stock of the corporation which is entitled to vote. Such request will state the purpose or purposes of the proposed meeting. Business transacted at any special meeting of stockholders will be limited to the purposes stated in the notice. Special meetings of the stockholders may be held at such time and place fixed by the Board of Directors within or without the State of Nevada as stated in the notice of the meeting, or in a duly executed waiver of notice thereof.

**<u>Section 4.</u> Notice of Meeting of Stockholders.** Notices of meetings will be in writing and will be signed by the president, vice president, secretary, or assistant secretary, or by such other person as the directors will designate. Such notice will state the purpose or purposes for which the meeting is called and the time and place of the meeting. A copy of such notice will be either emailed, delivered personally, or will be mailed, postage prepaid, to each stockholder of record entitled to vote at such meeting not less than ten nor more than sixty days before such meeting. If mailed, the notice will be sent to each stockholder at the stockholder's address as it appears upon the records of the corporation. Upon mailing of any such notice, the service thereof will be complete. The time of the notice will begin

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to run from the date upon which such notice is deposited in the mail for transmission to such stockholder. Personal delivery of any notice to any officer of a corporation or association, or to any member of a partnership will constitute delivery of such notice to such corporation, association or partnership. In the event of the transfer of stock after delivery or mailing of the notice of and prior to the holding of the meeting it will not be necessary to deliver or mail notice of the meeting to the transferee.

**<u>Section 1.</u> Quorum**. The holders of a majority of the stock issued and outstanding and entitled to vote at the meeting, present in person or represented by proxy, will constitute a quorum at all meetings of the stockholders, except as otherwise provided by statute. If, at any time, a quorum will not be present or represented at any meeting of the stockholders, the stockholders entitled to vote at the meeting, present in person or represented by proxy, will have power to adjourn the meeting, without notice other than announcement at the meeting, until a quorum will be present or represented. At such adjourned meeting at which a quorum will be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified.

**<u>Section 2.</u> Vote**. When a quorum is present or represented at any meeting, the vote of the holders of a majority of the stock having voting power present in person or represented by proxy will decide any question brought before such meeting, provided that all votes must be taken in accordance with the statutes and the articles of incorporation. At each meeting, every stockholder of record of the corporation will be entitled to one vote for each share of stock standing in his name on the books of the corporation.

**<u>Section 3.</u> Proxies.** At any meeting of the stockholders, any stockholder may be represented and vote by a proxy or proxies appointed by an instrument in writing. No such proxy will be valid after six months from the date of its execution, unless coupled with an interest, or unless the person executing it specifies therein the length of time for which: it is to continue in force, which in no case will exceed seven years from the date of its execution. Subject to the above, any proxy duly executed is not revoked and continues in full force and effect until an instrument revoking it or a duly executed proxy bearing a later date is filed with the secretary of the corporation.

**<u>Section 4.</u> Action Without a Meeting.** Any action, which may be taken by the vote of the stockholders at a meeting, may be taken without a meeting if authorized by the written consent of stockholders holding at least a majority of the voting power, unless the provisions of the statutes require a greater proportion of voting power to authorize such action.

**ARTICLE III DIRECTORS**

**<u>Section 1.</u> Number, Election, and Term of Directors.** The number of directors which will constitute the whole Board of Directors will be not less than three. The directors will be elected at

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the annual meeting of the stockholders, and except as provided in Section 2 of this article, each director elected will hold office until his successor is elected and qualified. Directors need not be stockholders.

**<u>Section 2.</u> Vacancies and Newly Created Directors.** Vacancies and newly created directorships resulting from any increase in the authorized number of directors elected by all of the stockholders having the right to vote as a single class may be filled by the affirmative vote of a majority of the directors then in office, although fewer than a quorum, or by a sole remaining director. Each director so chosen shall hold office until the next election of directors to which the director was appointed, and until the director's successor is elected and qualified, or until the director's earlier death, resignation or removal.

**<u>Section 3.</u> Powers.** The business of the corporation will be managed by its Board of Directors which may exercise all such powers of the corporation and do all such lawful acts and things as are not by statute or by the articles of incorporation or by these bylaws directed or required to be exercised or done by the stockholders.

**ARTICLE IV MEETINGS OF THE BOARD OF DIRECTORS**

**<u>Section 1.</u> Regular Meetings.** Regular meetings of the Board of Directors shall be held at such time and at such place as determined by the Board of Directors. A notice of each regular meeting is not required.

**<u>Section 2.</u> First Meeting.** The first meeting of each newly elected Board of Directors will be held at the time and place fixed by a vote of the stockholders at the annual meeting. No notice of such meeting will be necessary to the newly elected directors in order legally to constitute the meeting, provided a quorum will be present. If the stockholders fail to fix the time or place of the first meeting of the newly elected Board of Directors, or if the meeting is not held at the time and place fixed by the stockholders, the meeting may be held at the time and place specified in a notice given as hereinafter provided for special meetings of the Board of Directors, or as will be specified in a written waiver signed by all of the directors. Any action taken by the Board of Directors at the meeting and signed by all of the directors will satisfy the waiver requirement of this Section 2.

**<u>Section 3.</u> Special Meeting.** Special meetings of the Board of Directors may be called by the Chief Executive Officer or Secretary on the written request of two directors. Written notice of special meetings of the Board of Directors will be given to each director at least two days before the date of the meeting.

**<u>Section 4.</u> Quorum and Vote at Meetings.** A majority of the Board of Directors, at a meeting duly assembled, will be necessary to constitute a quorum for the transaction of business and the act of a majority of the directors present at any meeting at which a quorum is present will be the act of the Board of Directors, except as may be otherwise specifically provided by statute or by the articles of incorporation. The vote of a majority of the directors present at any meeting at

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which there is a quorum present shall be the act of the Board of Directors, unless the Certificate of Incorporation or these Bylaws shall require a vote of a greater number.

**<u>Section 5.</u> Participation in Meetings by Conference Telephone or Other Communications Equipment.** Members of the Board of Directors or any Board committee may participate in a meeting of the Board of Directors or such committee by means of conference telephone or other communications equipment in which all persons participating in the meeting can hear each other. Participation in a meeting by a director pursuant to this Section 5 shall constitute presence in person at the meeting.

**<u>Section 6.</u> Action Without a Meeting.** Any action required or permitted to be taken at any meeting of the Board of Directors or a Board committee may be taken without a meeting, if all members of the Board of Directors or the Board committee consent in writing or by electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of proceedings of the Board of Directors or the Board committee. Such filing shall be in paper form if the minutes are maintained in paper form and in electronic form if the minutes are maintained in electronic form.

**<u>Section 7.</u> Resignation and Removal.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any director may resign at any time, by giving notice in writing or by electronic transmission to the Chairman of the Board of Directors, the Chief Executive Officer, if one, the President, or the Secretary. Any such resignation shall take effect at the time specified in the notice of resignation or, if no time is specified, immediately upon receipt of the notice. Unless otherwise specified in the notice of resignation, acceptance of the resignation shall not be necessary to make it effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any director or the entire Board of Directors may be removed from office at any time, with or without cause, but only upon the affirmative vote of the holders of at least a majority of the shares of capital stock of the Corporation entitled to vote at an election of directors. Upon such removal of a director, the stockholders (and not the remaining directors) shall elect a director to replace such removed director at the same stockholders meeting at which such removal took place or at a subsequent stockholders meeting.

**ARTICLE V COMMITTEES OF DIRECTORS**

**<u>Section 1.</u> Board Committees.** The Board of Directors may, by resolution passed by a majority of the whole Board of Directors, designate one or more committees, each committee to consist of one or more of the directors of the corporation. Each such committee will have the powers of the Board of Directors in the management of the business and affairs of the corporation to the extent designated in the resolution, and may have power to authorize the seal of the corporation to be affixed to all papers on which the corporation desires to place a seal. Such

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committee or committees will have such name or names as may be determined from time to time by resolution adopted by the Board of Directors.

**<u>Section 2.</u> Committees Minutes.** The committees will keep regular minutes of their proceedings and report the same to the Board of Directors when required.

**ARTICLE VI COMPENSATION OF DIRECTORS**

**<u>Section 1.</u>** The Board of Directors shall have authority to fix the amount of compensation of directors. The directors may be paid their expenses, if any, of attendance at each meeting of the Board of Directors and may be paid a fixed sum for attendance at each meeting of the Board of Directors or paid a stated salary or paid other compensation as a director. No payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation. Members of special or standing committees of the Board of Directors may be allowed compensation for serving on the committees, for attending committee meetings, and may be paid their expenses associated with their service on each such committee. The Board of Directors shall also have the power and discretion to compensate directors for rendering services to the Corporation not ordinarily rendered by directors.

**ARTICLE VII STOCK OF THE CORPORATION**

**<u>Section 1.</u> Establishment of Class or Series of Stock.** The Board of Directors will have the authority to prescribe in a resolution the classes, series and number of each class or series of stock and the voting powers, designations, preferences, limitations, restrictions, and relative rights of each class or series of stock. If the resolution authorizes more than one class or series of stock, the resolution must also prescribe a distinguishing designation for each class or series. The voting powers, designations, preferences, limitations, restrictions, relative rights and distinguishing designation of each class or series of stock must be described in the resolution before the issuance of that class or series. The resolution and issuance of such stock shall otherwise comply with all applicable provisions and limitations of Nevada law. A certificate of designation setting forth the resolution adopted pursuant to this section will be filed with the Nevada Secretary of State. The certificate of designation may grant the Board of Directors the right to amend the voting powers, designations, preferences, limitations, restrictions, relative rights and distinguishing designation of each class or series of stock which is established by a resolution of the Board of Directors and which is set forth in the certificate of designation. If the Board of Directors does not specify in the certificate of designation that the Board of Directors may amend the voting powers, designations, preferences, limitations, restrictions, relative rights and distinguishing designation of each class or series of stock established in the designation, such amendment will require a vote of the shareholders.

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**<u>Section 2.</u> Transfers of Stock.** Shares of capital stock of the Corporation shall be transferable in the manner prescribed by applicable law and in these Bylaws. Transfers of shares shall be made only on the records of the Corporation kept at an office of the Corporation or by the transfer agent designated by the Corporation to transfer shares. Transfers of shares may be made only by the record holder, or by the record holder's legal representative authorized by power of attorney duly executed and filed with the Secretary or with the transfer agent appointed by the Board of Directors and, in the case of certificated shares, upon the surrender of the certificate or certificates for such shares properly endorsed. The Board of Directors may make such additional rules and regulations concerning the issue, transfer, and registration of certificates for shares as it may deem necessary but that are not inconsistent with these Bylaws.

**<u>Section 3.</u> Holders of Record.** The Corporation shall be entitled to treat the record holder of shares of capital stock of the Corporation as the holder in fact and, accordingly, shall not be bound to recognize any equitable or other claim to or interest in such shares on the part of any other person, whether or not it shall have express or other notice, except as otherwise provided by applicable law. No transfer of shares shall be valid against the Corporation for any purpose unless the transfer of shares is entered in the records of the Corporation or in the records of the transfer agent designated by the Corporation showing from and to whom the shares were transferred.

**<u>Section 4.</u> Lost Certificates.** The Corporation may direct a new certificate or certificates shares to be issued in place of any certificate or certificates issued by the Corporation alleged to have been lost, stolen, or destroyed, upon the making of an affidavit of that fact by the person claiming the share certificate to be lost, stolen, or destroyed. The Corporation may require the owner of such lost, stolen, or destroyed certificate or certificates, or such owner's legal representative, to advertise the same in such manner as it shall require, to give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate or alleged to have been lost, stolen or destroyed or the issuance of such new certificate, or both.

**<u>Section 5.</u> Record Date.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders, the Board of Directors may fix a record date, which shall neither precede the date upon which the resolution fixing the record date is adopted by the Board of Directors nor shall be more than 60 days nor less than 10 days before the date of such meeting. If no record date is fixed by the Board of Directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be the close of business on the day next preceding the day on which notice is given or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting, unless the Board of Directors fixes a new record date for the adjourned meeting.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In order that the Corporation may determine the stockholders entitled to consent to corporate action in writing without a meeting, the Board of Directors may fix a record date, which shall neither precede the date upon which the resolution fixing the record date is adopted by the Board of Directors nor shall be more than 10 days after the date upon which the resolution fixing the record date is adopted by the Board of Directors. If no record date has been fixed by the Board of Directors, the record date for determining the stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by the laws of Nevada, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the Corporation in the manner prescribed by the laws of Nevada. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by the Nevada Law, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting shall be at the close of business on the day on which the Board of Directors adopts the resolution taking such prior action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders entitled to exercise any rights with respect to any change, conversion, or exchange of shares, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which shall neither precede the date upon which the resolution fixing the record date is adopted nor shall be more than 60 days prior to such action. If no record date is fixed, the record date for determining stockholders for any such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the Board of Directors adopts the resolution.

**<u>Section 6.</u> Registered Stockholders.** The corporation will be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive dividends, and to vote as such owner, and to hold liable for calls and assessments a person registered on its books; as the owner of shares, and will not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it will have express or other notice thereof, except as otherwise provided by the laws of Nevada.

**ARTICLE VIII NOTICES**

**<u>Section 1.</u>** Notices to directors and stockholders will be in writing and emailed, delivered personally, or mailed to the directors or stockholders at their addresses appearing on the books of the corporation. Notice by email or mail will be deemed to be given at the time when the same will be mailed. Notice to directors may also be given by facsimile telecommunication.

**<u>Section 2.</u>** All actions of the directors or stockholders may be taken by (a) written consent, or (b) by presence at a meeting and oral consent entered on the minutes, or (c) by taking part in the deliberations at such meeting without objection. Actions taken at such meetings will be as valid as

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if had at a meeting regularly called and noticed. At such a meeting, any business may be transacted which if the written consent contains no exceptions or if no objection to lack of notice is made. If proper notice was not given, or if proper consent procedure was not followed, the proceedings of such meeting may be ratified, approved and rendered valid in a writing signed by all parties having the right to vote at such meetings. Such consent or approval of stockholders may be by proxy or attorney, but all such proxies and powers of attorney must be in writing.

**<u>Section 3.</u>** Whenever any notice is required to be given under the provisions of the statutes, the articles of incorporation or these by-laws, a written waiver, signed by the person or persons entitled to said notice, whether before or after the time stated therein, will be deemed to satisfy such notice.

**ARTICLE IX OFFICERS**

**<u>Section 1.</u> General.** The officers of the Corporation shall consist of a Chief Executive Officer, a Chief Operating Officer, a Secretary and a Treasurer, and such other officers as the Board of Directors may appoint, including but not limited to a Chief Financial Officer, a Controller, one or more Vice Presidents, one or more Assistant Secretaries, one or more Assistant Controllers, and one or more Assistant Treasurers. Any number of offices may be held by the same person. The salaries of officers elected by the Board of Directors shall be fixed by the Board of Directors, by an authorized committee of the Board of Directors, or by such officers as may be designated by the Board of Directors.

**<u>Section 2.</u> Term of Office and Vacancies.** The term of office of each officer shall commence upon the election of that officer by the Board of Directors and end upon a successor to such officer being elected by the Board of Directors; by such officer's death, resignation, or removal from office; or if the establishment of the office is within the discretion of the Board of Directors, the Board of Directors eliminating the office. Any officer may be removed from office, with or without cause, at any time by the vote of the Board of Directors. A vacancy in any office arising from any cause may be filled for the unexpired portion of the term by the Board of Directors.

**<u>Section 3.</u> Duties and Powers.** The duties and powers of the officers of the Corporation shall be as provided in these Bylaws or, if not provided for in these Bylaws, as designated by action of the Board of Directors. Without limiting the foregoing, and unless expressly limited by the Board of Directors, all instruments requiring execution by the Corporation, including but not limited to all contracts, agreements, indentures, checks or demands for money, notes, bonds, debentures, other obligations, other evidences of indebtedness and mortgages that the Corporation is authorized to execute may be executed, for and on behalf of the Corporation, the Chief Executive Officer, the Chief Operating Officer, the Chief Financial Officer, if one, or any Vice President. Any person having

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authority to sign on behalf of the Corporation may delegate by instrument in writing, all or any part of such authority to an employee of the Corporation unless such a delegation of authority is specifically limited by the Board of Directors.

**<u>Section 7.</u> The Chief Executive Officer.** The Chief Executive Officer shall have general supervision and direction of the business and affairs of the Corporation, subject to the control of the Board of Directors, and shall report directly to the Board of Directors. The Chief Executive Officer shall preside, when present, at all meetings of the Board of Directors and stockholders.

**<u>Section 8.</u> The Chief Operating Officer.** The Chief Operating Officer shall perform such senior duties in connection with the operations of the Corporation as the Board of Directors or the Chief Executive Officer shall from time to time determine, and shall report directly to the Board of Directors. The Chief Operating Officer shall, when requested, counsel with and advise the other officers of the Corporation and shall perform such other duties as may be agreed with the Chief Executive Officer or as the Board of Directors may from time to time determine.

**<u>Section 9.</u> The Chief Financial Officer.** The Chief Financial Officer, if one is elected, shall have general charge and supervision of the financial affairs of the Corporation, including budgetary and accounting methods, and shall approve payment, or designate others serving under him or her to approve for payment, all vouchers for distribution of funds and shall perform such other duties as may be assigned to him or her by the Board of Directors, or Chief Executive Officer.

**<u>Section 10.</u> Vice Presidents.** Any Vice President shall have such powers and duties as shall be prescribed by his superior officer or the Board of Directors. A Vice President shall, when requested, counsel with and advise the other officers of the Corporation and shall perform such other duties as he may agree with the Chief Executive Officer or as the Board of Directors may from time to time determine. A Vice President need not be an officer of the Corporation and shall not be deemed an officer of the Corporation unless elected by the Board of Directors.

**<u>Section 11.</u> Secretary.** The Secretary shall attend all meetings of the stockholders and all meetings of the Board of Directors and record all proceedings at such meetings in paper form if the minutes are maintained in paper form and in electronic form if the minutes are maintained in electronic form. The Secretary, or his or her delegates, shall perform like duties for the Board committees, when required; provided, however, that the Secretary shall not be required to be present at any sessions of non-management or independent directors contemplated by any stock exchange listing standards to which the Corporation is subject. Except as may be otherwise provided in these Bylaws, the Secretary shall give, or cause to be given, notice of all meetings of the stockholders and shall perform such other duties and exercise such other powers as may be prescribed by the Board of Directors or the Chief Executive Officer. The Secretary shall keep in safe custody the seal of the Corporation, if any, and shall have authority to affix the seal of the Corporation to any instrument requiring it, and when so affixed it may be attested by the

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Secretary's signature. The Board of Directors may give general authority to any other officer to affix the seal of the Corporation and to attest the affixing by any other officer's signature.

**<u>Section 12.</u> Treasurer.** The Treasurer shall have the responsibility for maintaining the financial records of the Corporation, shall make such disbursements of the funds of the Corporation as are authorized, and shall perform such other duties and exercise such other powers as may be assigned to him or her by the Board of Directors or the Chief Executive Officer.

**<u>Section 13.</u> Additional Matters.** The Chief Executive Officer, the Chief Operating Officer and the Chief Financial Officer of the Corporation shall have the authority to designate employees of the Corporation to have the title of Vice President, Assistant Vice President, Assistant Treasurer, Assistant Controller or Assistant Secretary. Any employee so designated shall have the powers and duties determined by the officer making such designation. The persons upon whom such titles are conferred shall not be deemed officers of the Corporation unless elected by the Board of Directors.

**<u>Section 14.</u> Delegation of Authority.** The Board of Directors may delegate the power or duties of any officer to any other officer or officers or agent or agents notwithstanding any provision of these Bylaws.

**<u>Section 15.</u> Action with Respect to Securities of Other Companies.** Unless otherwise ordered by a majority of the Board of Directors, the Chief Executive Officer, the Chief Operating Officer, or any Vice President shall have full power and authority on behalf of the Corporation to attend and to act and to vote, in person or by proxy, at any meetings of security holders of corporations, limited liability companies, business trusts, and other entities in which the Corporation may hold securities and at such meetings shall possess and may exercise any and all rights and powers incident to the ownership of such securities. The Board of Directors by resolution may confer like powers upon any other person or persons.

**<u>Section 16.</u> Salaries of Officers.** The salaries of all officers and agents of the corporation will be fixed by the Board of Directors.

**ARTICLE X INDEMNIFICATION**

**<u>Section 1.</u> Indemnified by the Corporation.** The corporation may, to the fullest extent permitted under Nevada law, indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, against expenses, including attorneys fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. The termination of any action, suit or

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proceeding by judgment, order, settlement, conviction or upon a plea of nob contender or its equivalent, does not, of itself, create a presumption that the person did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and that, with respect to any criminal action or proceeding, he had reasonable cause to believe that his conduct was unlawful. The expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the corporation as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that the indemnified person is not entitled to be indemnified by the corporation.

**<u>Section 2.</u> Insurance.** The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, associate, or agent of the Corporation or is or was serving at the request of the Corporation as a director, officer, employee, or agent of another enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the Corporation would have the power to indemnify such person against such liability under the provisions of this Article X or otherwise.

**ARTICLE XI GENERAL PROVISIONS**

**<u>Section 1.</u> Amendments**. These Bylaws may be altered, amended, or repealed by the Board of Directors unless the power to do so is reserved to the shareholders by the Articles of Incorporation.

**<u>Section 2.</u> Dividends.** Dividends upon or distributions with respect to the capital stock of the Corporation may be declared by the Board of Directors or by a Board committee designated by the Board of Directors, pursuant to and in accordance with applicable law. Dividends may be paid in cash, in property, in shares of capital stock or evidences of indebtedness of the Corporation. Before the Corporation pays any dividend on or makes any distribution in respect of the capital stock of the Corporation, there may be set aside out of any funds available for dividends and distribution of such sum or sums as the Board of Directors, in its absolute discretion, approves as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for any other purpose that the Board of Directors determines is conducive to the interests of the Corporation, and the Board of Directors may modify or abolish any such reserve in the manner in which it was created.

**<u>Section 3.</u> Fiscal Year.** The fiscal year of the Corporation shall end on December 31 of each year unless changed by resolution of the Board of Directors.

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**<u>Section 4.</u> Reliance upon Books, Reports and Records.** Except as provided by applicable law, each director and each member of a Board committee shall, in the performance of his or her duties, be fully protected in relying in good faith upon the books of account or other records of the Corporation and upon such information, opinions, reports or statements presented to the Corporation by any of its officers, associates or Board committees or by any other person as to matters that the director reasonably believes are within such person's professional or expert competence and who has been selected with reasonable care by or on behalf of the Corporation.

**<u>Section 5.</u> Electronic Transmissions.** For purposes of these Bylaws, "electronic transmission" means any form of communication, not directly involving the physical transmission of paper that creates a record that may be retained, retrieved, and reviewed by a recipient, and that may be directly reproduced in paper form by such recipient through an automated process.

**<u>Section 6.</u> Waivers of Notice.** Whenever notice is required to be given under any provision of Nevada Law, the Certificate of Incorporation or these Bylaws, a written waiver of that notice, signed by the person entitled to that notice, or a waiver by electronic transmission by the person entitled to that notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of that meeting, except when the person attends a meeting for the express purpose of objecting, at the beginning of that meeting, to the transaction of any business because that meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of any regular or special meeting of the stockholders, Board of Directors, or Board committee need be specified in any written waiver of notice or any waiver by electronic transmission.

I certify the foregoing to be the true copy of the Bylaws duly adopted by the Corporation.

_____________________________

Secretary of the Corporation

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## Exhibit 4.1

<br> **EXHIBIT 4.1**

**[FORM OF GLOBAL CERTIFICATE]**

THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 ("FEDERAL ACT") OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON THE EXEMPTIONS CONTAINED THEREIN. THIS WARRANT AND ANY SHARES ISSUED UPON EXERCISE OF THIS WARRANT MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS OR THE COMPANY IS SATISFIED THAT SUCH REGISTRATION IS NOT REQUIRED.

THIS GLOBAL CERTIFICATE SHALL REPRESENT THE TERMS, AND CONDITIONS OF THE WARRANT. THE WARRANT(S) SHALL BE ISSUED IN "*BOOK ENTRY*" FORMAT TO THE RESPECTIVE WARRANT HOLDERS. THE WARRANT AGENT FOR THE COMPANY SHALL BE RESPONSIBLE FOR MAINTAINING A LIST OF ALL REGISTERED WARRANT HOLDERS.

Series C Warrant to Purchase Shares of Common Stock

**Dated:** {Issuance Date}

**GLOBAL INDUSTRY PRODUCTS, CORP.**

**SERIES C WARRANT CERTIFICATE**

**THIS COMMON STOCK PURCHASE WARRANT** (the "*<u>Warrant</u>*") certifies that, for value received, the Warrant Holder or its assigns<sup>1</sup> (the "*<u>Holder</u>*") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after {Issuance Date} (the "*<u>Initial Exercise Date</u>*") and on or prior to the close of business on Termination Date (as defined below) but not thereafter, to subscribe for and purchase from Global Industry Products, Corp., a Nevada corporation (the "*<u>Company</u>*"), a number of shares as specified in the books and records of the warrant agent of Common Stock, $0.001 par value per share, of the Company (as subject to adjustment hereunder, the "*<u>Warrant Shares</u>*"). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security held in book-entry form and Mountain Share Transfer, LLC, as warrant agent, shall initially maintain the records of the registered warrant holders, subject to a Holder's right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

**1. <u>Issuance of Warrant; Term</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** For and in consideration of good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the Company hereby grants to the Holder the right to purchase ____________________ (__________) shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "*Shares.*" This Warrant shall be exercisable at any time and from time to time from the date hereof until this Warrant expires at 5:00 P.M. (Eastern time) on October 30, 2026 (the "*Termination Date* ").

___________________

<sup>1</sup> As maintained in the books and records of the Warrant Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings defined in this Section 1:

**"Affiliate"** means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

**"Business Day"** means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

**"Commission"** means the United States Securities and Exchange Commission.

**"Common Stock"** means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

**"Common Stock Equivalents"** means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

**"Exchange Act"** means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

**"Person"** means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

"**Registrable Securities**" means (a) the Shares, and (b) any shares of Common Stock issued or issuable with respect to any shares described in subsection (a) above by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation, other reorganization or other similar event with respect to the Common Stock (it being understood that, for purposes of this Agreement, a Person shall be deemed to be a holder of Registrable Securities whenever such Person has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition has actually been effected). As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (i) the Commission has declared a Registration Statement covering such securities effective and such securities have been disposed of pursuant to such effective Registration Statement, (ii) such securities are sold under circumstances in which all of the applicable conditions of Rule 144 under the Securities Act are met, (iii) such securities become eligible for sale pursuant to Rule 144 without volume or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144(c)(1), as set forth in a written opinion letter to such effect, addressed, delivered and reasonably acceptable to the applicable transfer agent and the holders of such securities, (iv) such securities have ceased to be outstanding.

"**Registration Statement**" means a registration statement on Form S-1, any successor form thereto, including post-effective amendments.

**"Securities Act"** means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

**"Subsidiary"** means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

**"Trading Day"** means a day on which the Common Stock is traded on a Trading Market.

**"Trading Market"** means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange (or any successors to any of the foregoing), or OTC Markets.

**"Transfer Agent**" means Mountain Share Transfer, LLC, 2030 Powers Ferry Road SE, Suite # 212, Atlanta, GA 30339, and any successor transfer agent of the Company.

**"VWAP"** means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

"**Warrant Agent Agreement**" means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company and the Warrant Agent.

**"Warrant Agent**" means the Transfer Agent and any successor warrant agent of the Company.

**"Warrants"** means this Warrant and any replacement hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **(a)**  **<u>Exercise of Warrant</u>** . Subject to the provisions of Section 2(d) herein, exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto as  **<u>Annex A</u>** (the "*Notice of Exercise* "). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined in Section 2(c)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's check drawn on a United States bank. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

For the avoidance of doubt, at any time during which there is no effective registration statement for the issuance or resale of the Warrant Shares, the Company may settle a cash exercise of the Warrant with unregistered common stock.

Notwithstanding the foregoing in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect exercises made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate instruction form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation, as applicable), subject to a Holder's right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agent Agreement, in which case this sentence shall not apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Exercise Price.** The exercise price per share of Common Stock under this Warrant shall be Two Dollars ($2.00), subject to adjustment hereunder (the "*Exercise Price* ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Mechanics of Exercise.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i.** **Delivery of Warrant Shares Upon Exercise.** The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account of the Holder's or its designee's balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system ("DWAC") if the Company is then a participant in such system or by registering the ownership of shares in Book Entry at the Transfer Agent for Holder. If the Company fails for any reason to deliver or cause the delivery to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding and exercisable. As used herein, "Standard Settlement Period" means the standard settlement period, expressed in a number of Trading Days, on the Company's primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii.** **Delivery of New Warrants Upon Exercise.** If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver or cause the Warrant Agent to deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iii.** **Rescission Rights**. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(c)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iv.** **Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise.** In addition to any other rights available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions of Section 2(c)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder's brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a "Buy-In"), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder's right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company's failure to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**v.** **No Fractional Shares or Scrip**. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**vi.** **Charges, Taxes and Expenses**. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however, that in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto as  **<u>Annex B</u>** , duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**vii.** **Closing of Books**. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** **Holder's Exercise Limitations.** The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder's Affiliates (such Persons, "*Attribution Parties* ")), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 2(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(d) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 2(d), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company's most recent periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall within one (1) Trading Day confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common
Stock was reported. The "Beneficial Ownership Limitation" shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(d), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section 2(d) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 2(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.**  **<u>Covenants and Conditions</u>.** The above provisions are subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Neither this Warrant nor the Shares have been registered under the Securities Act or any state securities laws ()"*Blue Sky Laws* "). This Warrant has been acquired for investment purposes and not with a view to distribution or resale and may not be pledged, hypothecated, sold, made subject to a security interest, or otherwise transferred without (i) an effective registration statement for the Warrant under the Securities Act and all applicable Blue Sky Laws, or (ii) an opinion of counsel, which opinion and counsel shall be reasonably satisfactory to the Company and its counsel, that registration is not required under the Securities Act or under any applicable Blue Sky Laws. Transfer of Shares issued upon the exercise of this Warrant shall be restricted in the same manner and to the same extent as the Warrant, and the certificates representing the Shares shall, subject to Section 5 hereof, bear substantially the following legend:

"THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "**ACT**"), OR QUALIFIED UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS (I) A REGISTRATION STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS QUALIFIED UNDER APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND, IF THE CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL."

The Holder hereof and the Company agree to execute all other documents and instruments as counsel for the Company reasonably deems necessary to effect the compliance of the issuance of this Warrant and any shares of Common Stock issued upon exercise hereof with applicable federal and state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The Company covenants and agrees that all Shares which may be issued upon exercise of this Warrant will, upon issuance and payment therefor, be legally and validly issued and outstanding, fully paid and nonassessable, free from all taxes, liens, charges and preemptive rights, if any, with respect thereto or to the issuance thereof. The Company shall at all times reserve and keep available for issuance upon the exercise of this Warrant that number of authorized but unissued shares of Common Stock as will be sufficient to permit the exercise in full of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>Adjustment of Exercise Price and Number of Shares Issuable</u>.** The Exercise Price and the number of Shares (or other securities or property) issuable upon exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of any of the events enumerated in this Section 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)**  **<u>Common Stock Reorganization</u>.** If the Company shall (i) subdivide or consolidate its outstanding shares of Common Stock (or any class thereof) into a greater or smaller number of shares, (ii) pay a dividend or make a distribution on its Common Stock (or any class thereof) in shares of its capital stock, or (iii) issue by reclassification of its Common Stock (or any class thereof) any shares of its capital stock (any event described in clauses (i), (ii) or (iii) being called a "Common Stock Reorganization"), then the Exercise Price and the type of securities for which this Warrant is exercisable shall be adjusted immediately so that the Holder thereafter shall be entitled to receive upon exercise of this Warrant the aggregate number and type of securities that it would have received if this Warrant had been exercised immediately prior to the Common Stock Reorganization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Adjustment in Number of Shares</u>.** Upon each adjustment to the Exercise Price pursuant to subsections (a) of this Section 4, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant by a fraction, the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)**  **<u>Capital Reorganizations</u>.** If there shall be any consolidation, merger or amalgamation of the Company with another person or entity or any acquisition of capital stock of the Company by means of a share exchange, other than a consolidation, merger or share exchange in which the Company is the continuing corporation or any sale or conveyance of the property of the Company as an entirety or substantially as an entirety, or any reorganization or recapitalization of the Company (a "*Capital Reorganization* "), then the Holder of this Warrant shall no longer have the right to purchase Common Stock, but shall have instead the right to purchase, upon exercise of this Warrant, the kind and amount of shares of stock and other securities and property (including cash) which the Holder would have owned or have been entitled to receive pursuant to the Capital Reorganization if this Warrant had been exercised immediately prior to the effective date of the Capital Reorganization. As a condition to effecting any Capital Reorganization, the Company or the successor or surviving corporation, as the case may be, shall assume by a supplemental agreement, satisfactory in form, scope and substance to the Holder (which shall be mailed or delivered to the Holder of this Warrant at the last address of the Holder appearing on the books of the Company) the obligation to deliver to the Holder shares of stock, securities, cash or property as, in accordance with the foregoing provisions, the Holder may be entitled to purchase, and all other obligations of the Company set forth in this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)**  **<u>Determination of Fair Market Value</u>.** Subject to the provisions set forth below, the fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution shall be determined in good faith by the Board of Directors of the Company. Upon each determination, the Company shall promptly give notice thereof to the Holder, setting forth in reasonable detail the calculation of the fair market value and the method and basis of determination thereof (the "*Company Determination* "). If the Holder shall disagree with the Company Determination and shall, by notice to the Company given within thirty (30) days after the Company's notice of the Company Determination, elect to dispute the Company Determination, the Company shall, within thirty (30) days after receipt of the notice, engage an investment bank or other qualified appraisal firm acceptable to the Holder to make an independent determination of the fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution (the "Appraiser Determination"). The Appraiser Determination shall be final and binding on the Company and the Holder. The cost of the Appraiser Determination shall be borne by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)**  **<u>Adjustment Rules</u>.** Any adjustments pursuant to this Section 4 shall be made successively whenever an event referred to herein shall occur. No adjustment shall be made pursuant to this Section 4 in respect of the issuance from time to time of shares of Common Stock upon the exercise of this Warrant or upon the exercise or conversion of any other Option Securities or Convertible Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)**  **<u>Proceedings Prior to Any Action Requiring Adjustment</u>.** As a condition precedent to the taking of any action which would require an adjustment pursuant to this Section 4, the Company shall take any action which may be necessary, including obtaining regulatory approvals or exemptions, in order that the Company may thereafter validly and legally issue as fully paid and nonassessable all shares of Common Stock which the Holder of this Warrant is entitled to receive upon exercise thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g)**  **<u>Notice of Adjustment</u>.** Not less than ten (10) days prior to the record date or effective date, as the case may be, of any action which requires or might require an adjustment or readjustment pursuant to this Section 4, the Company shall give notice to the Holder of the event, describing the event in reasonable detail and specifying the record date or effective date, as the case may be, and, if determinable, the required adjustment and the computation hereof. If the required adjustment is not determinable at the time of the notice, the Company shall give notice to the Holder of the adjustment and computation promptly after the adjustment becomes determinable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.**  **<u>Transfer of Warrant</u>.** Subject to the provisions of Section 4 hereof, this Warrant may be transferred, in whole or in part, to any person or business entity, by presentation of the Warrant to the Company with written instructions for the transfer. Upon the presentation for transfer, the Company shall promptly execute and deliver a new Warrant or Warrants in the form hereof in the name of the assignee or assignees and in the denominations specified in the instructions. The Company shall pay all expenses incurred by it in connection with the preparation, issuance and delivery of Warrants under this Section. Any transferee of this Warrant by acceptance thereof, agrees to be bound by all of the terms and conditions of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.**  **<u>Warrant Holder Not Shareholder; Rights Offering; Preemptive Rights</u>.** Except as otherwise provided herein, this Warrant does not confer upon the Holder any right whatsoever as a shareholder of the Company. Notwithstanding the foregoing, if the Company should offer to all of the Company's shareholders the right to purchase any securities of the Company, then all shares of Common Stock that are subject to this Warrant shall be deemed to be outstanding and owned by the Holder and the Holder shall be entitled to participate in the offer. The Company shall not grant any preemptive rights with respect to any of its capital stock if the preemptive rights are exercisable upon exercise of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.**  **<u>Basic Financial Information</u>.** The Company will deliver to Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** As soon as practicable after the end of each fiscal year of the Company, and in any event within ninety (90) days thereafter, a consolidated balance sheet of the Company as at the end of such fiscal year, and consolidated statements of operations, cash flow and changes in equity of the Company for such year, prepared in accordance with GAAP consistently applied and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and audited and reported on by independent public accountants of recognized national standing selected by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** From the date the Company becomes subject to the reporting requirements of the Exchange Act, and in lieu of the financial information required pursuant to Section 7(a), copies of its annual reports and all exhibits thereto and its quarterly reports, if any, respectively,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** As soon as practicable after transmission or occurrence and in any event within ten (10) days thereof, copies of any financial reports or communications (exclusive of reports or communications relating to the practice of medicine) delivered to any class of the Company's security Holders or broadly to the financial community, including any filings by the Company with any securities exchange, the Commission or the National Association of Securities Dealers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** With reasonable promptness, any other financial data as the Holder may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.**  **<u>Lost, Stolen, Mutilated or Destroyed Warrant</u>.** If this Warrant is lost, stolen, mutilated or destroyed, the Company may, on such terms as to indemnity or otherwise as it may in its discretion reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and tenor as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall represent the original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.**  **<u>Registration Rights</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)**  **<u>Piggy Back Registration Rights</u>.** In the event that the Company files a Registration Statement with the SEC after January 1, 2026, the Investor may make a written request (the "*Piggy-Back Request*") that the Company include in the proposed registration all, or a portion, of the Registrable Securities owned by the Investor. The Company will use its commercially reasonable efforts to include in any Registration Statement all Registrable Securities which the Company has been requested to register pursuant to any timely Piggy-Back Request to the extent required to permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be registered. The expenses of the registration shall be paid by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Failure to File Registration Statement</u>:** The Company hereby agrees that in the event it either refuses to file or fails to file the registration statement specified in this Section 9, then the Investor shall be due liquidated damages in the amount of the greater of i) One Million Dollars ($1,000,000) or ii) the combined market value of the common shares held by the Investor, plus the market value of the shares from the unexercised warrants minus the value of the exercise price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)**  **<u>Exception</u>** . Notwithstanding the foregoing, the Company shall not be obligated to effect any Registration Statement within ninety (90) days after the effective date of a previous Registration Statement in which holders of Registrable Securities were permitted to register the offer and sale under the Securities Act, and actually sold, at least 50% of shares of Registrable Securities requested to be included therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)**  **<u>Participation in Underwritten Registrations</u>** . No Holder may participate in any registration hereunder which is underwritten unless such Holder (a) agrees to sell such Holder's securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.**  **<u>Certain Notices</u>.** In case at any time the Company shall propose to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** declare any cash dividend upon its Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** declare any dividend upon its Common Stock payable in stock or make any special dividend or other distribution to the Holders of its Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** offer for subscription to the Holders of any of its Common Stock any additional shares of stock in any class or other rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** reorganize, or reclassify the capital stock of the Company, or consolidate, merge or otherwise combine with, or sell all or substantially all of its assets to, another corporation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** voluntarily or involuntarily dissolve, liquidate or wind up of the affairs of the Company;

then in any one or more of these events, the Company shall give to the Holder, by certified or registered mail, (i) at least twenty (20) days' prior written notice of the date on which the books of the Company shall close or a record shall be taken for the dividend, distribution or subscription rights or for determining rights to vote in respect of any reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, and (ii) in the case of the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, at least twenty (20) days' prior written notice of the date when the same shall take place. Any notice required by clause (i) shall also specify, in the case of any dividend, distribution or subscription rights, the date on which the Holders of Common Stock shall be entitled thereto, and any notice required by clause (ii) shall specify the date on which the Holders of Common Stock shall be entitled to exchange their Common Stock for securities or other property deliverable upon the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11**.  **<u>Successor and Assigns</u>** . This Warrant and the rights evidenced hereby shall be binding upon and shall inure to the benefit of the parties hereto and the successors of the Company and the successors and permitted assigns of the Holder. Such successors and/or permitted assigns of the Holder shall be deemed to be a Holder for all purposes hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12**.  **<u>Third-Party Beneficiaries</u>** . This Warrant is for the sole benefit of the Company and the Holder and their respective successors and, in the case of the Holder, permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13**.  **<u>Headings</u>** . The headings in this Warrant are for reference only and shall not affect the interpretation of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14**.  **<u>Amendment and Modification; Waiver</u>** . Except as otherwise provided herein, this Warrant may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. No waiver by the Company or the Holder of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from this Warrant shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15**.  **<u>Severability</u>** . If any term or provision of this Warrant is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Warrant or invalidate or render unenforceable such term or provision in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16**.  **<u>Governing Law</u>** . This Warrant shall be governed by and construed in accordance with the internal laws of the State of Nevada without giving effect to any choice or conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause the application of laws of any jurisdiction other than those of the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17**.  **<u>Submission to Jurisdiction</u>** . Any legal suit, action or proceeding arising out of or based upon this Warrant or the transactions contemplated hereby may be instituted in the federal courts of the United States of America or the courts of the State of Nevada in each case located in the city of Las Vegas, and County of Clark, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of process, summons, notice or other document by certified or registered mail to such party's address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18**.  **<u>Waiver of Jury Trial</u>** . Each party acknowledges and agrees that any controversy which may arise under this Warrant is likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Warrant or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19**.  **<u>Counterparts</u>** . This Warrant may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Warrant delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20**.  **<u>No Strict Construction</u>** . This Warrant shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted.

[SIGNATURE PAGE FOLLOWS]

**IN WITNESS WHEREOF,** the parties hereto have executed this Warrant as of the date first above written.

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| |
|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| By: _____________________<br> Name: Chester I. Wright, III<br> Title: CEO |

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Accepted and agreed, <br> *{Holder Name}* <br> By: _____________________ Name: Title:

**<u>Annex A</u>**

**NOTICE OF EXERCISE**

TO: GLOBAL INDUSTRY PRODUCTS, CORP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Payment shall take the form of (check applicable box):

[_] in lawful money of the United States; or

[_] if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 2(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Please register and issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

The Warrant Shares shall be delivered to the following DWAC Account Number or by physical delivery of a certificate to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) <u>Accredited Investor</u>. If the Warrant is being exercised via cash exercise, the undersigned is an "accredited investor," as defined in Regulation D promulgated under the Securities Act of 1933, as amended (the "Securities Act"), or a non-U.S. Person, as defined under Regulation S promulgated under the Securities Act.

[SIGNATURE OF HOLDER]

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| |
|:---|
| Name of Investing Entity: |
| *Signature of Authorized Signatory of Investing Entity*: |
| Name of Authorized Signatory: |
| Title of Authorized Signatory: |
| Date: |

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**ASSIGNMENT FORM**

(To assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

FOR VALUE RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

_______________________________________________ whose address is

_______________________________________________________________.

_______________________________________________________________

Dated: ______________, _______

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| |
|:---|
| Holder's Signature: |
| Holder's Address: |

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NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

## Exhibit 4.2

<br> **EXHIBIT 4.2**

**[FORM OF GLOBAL CERTIFICATE]**

THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 ("FEDERAL ACT") OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON THE EXEMPTIONS CONTAINED THEREIN. THIS WARRANT AND ANY SHARES ISSUED UPON EXERCISE OF THIS WARRANT MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS OR THE COMPANY IS SATISFIED THAT SUCH REGISTRATION IS NOT REQUIRED.

THIS GLOBAL CERTIFICATE SHALL REPRESENT THE TERMS, AND CONDITIONS OF THE WARRANT. THE WARRANT(S) SHALL BE ISSUED IN "*BOOK ENTRY*" FORMAT TO THE RESPECTIVE WARRANT HOLDERS. THE WARRANT AGENT FOR THE COMPANY SHALL BE RESPONSIBLE FOR MAINTAINING A LIST OF ALL REGISTERED WARRANT HOLDERS.

Series D Warrant to Purchase Shares of Common Stock

**Dated:** {Issuance Date}

**GLOBAL INDUSTRY PRODUCTS, CORP.**

**SERIES D WARRANT CERTIFICATE**

**THIS COMMON STOCK PURCHASE WARRANT** (the "*<u>Warrant</u>*") certifies that, for value received, the Warrant Holder or its assigns<sup>1</sup> (the "*<u>Holder</u>*") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after {Issuance Date} (the "*<u>Initial Exercise Date</u>*") and on or prior to the close of business on Termination Date (as defined below) but not thereafter, to subscribe for and purchase from Global Industry Products, Corp., a Nevada corporation (the "*<u>Company</u>*"), a number of shares as specified in the books and records of the warrant agent of Common Stock, $0.001 par value per share, of the Company (as subject to adjustment hereunder, the "*<u>Warrant Shares</u>*"). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security held in book-entry form and Mountain Share Transfer, LLC, as warrant agent, shall initially maintain the records of the registered warrant holders, subject to a Holder's right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

**1. <u>Issuance of Warrant; Term</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** For and in consideration of good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the Company hereby grants to the Holder the right to purchase ____________________ (__________) shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "*Shares.*" This Warrant shall be exercisable at any time and from time to time from the date hereof until this Warrant expires at 5:00 P.M. (Eastern time) on October 30, 2026 (the "*Termination Date* ").

___________________

<sup>1</sup> As maintained in the books and records of the Warrant Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings defined in this Section 1:

**"Affiliate"** means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

**"Business Day"** means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

**"Commission"** means the United States Securities and Exchange Commission.

**"Common Stock"** means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

**"Common Stock Equivalents"** means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

**"Exchange Act"** means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

**"Person"** means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

"**Registrable Securities**" means (a) the Shares, and (b) any shares of Common Stock issued or issuable with respect to any shares described in subsection (a) above by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation, other reorganization or other similar event with respect to the Common Stock (it being understood that, for purposes of this Agreement, a Person shall be deemed to be a holder of Registrable Securities whenever such Person has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition has actually been effected). As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (i) the Commission has declared a Registration Statement covering such securities effective and such securities have been disposed of pursuant to such effective Registration Statement, (ii) such securities are sold under circumstances in which all of the applicable conditions of Rule 144 under the Securities Act are met, (iii) such securities become eligible for sale pursuant to Rule 144 without volume or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144(c)(1), as set forth in a written opinion letter to such effect, addressed, delivered and reasonably acceptable to the applicable transfer agent and the holders of such securities, (iv) such securities have ceased to be outstanding.

"**Registration Statement**" means a registration statement on Form S-1, any successor form thereto, including post-effective amendments.

**"Securities Act"** means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

**"Subsidiary"** means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

**"Trading Day"** means a day on which the Common Stock is traded on a Trading Market.

**"Trading Market"** means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange (or any successors to any of the foregoing), or OTC Markets.

**"Transfer Agent**" means Mountain Share Transfer, LLC, 2030 Powers Ferry Road SE, Suite # 212, Atlanta, GA 30339, and any successor transfer agent of the Company.

**"VWAP"** means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

"**Warrant Agent Agreement**" means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company and the Warrant Agent.

**"Warrant Agent**" means the Transfer Agent and any successor warrant agent of the Company.

**"Warrants"** means this Warrant and any replacement hereof.

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| | | |
|:---|:---|:---|
| **2.** | **(a)** | **<u>Exercise of Warrant</u>**. Subject to the provisions of Section 2(d) herein, exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto as **<u>Annex A</u>** (the "*Notice of Exercise*"). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined in Section 2(c)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's check drawn on a United States bank. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof. |
|  |  | For the avoidance of doubt, at any time during which there is no effective registration statement for the issuance or resale of the Warrant Shares, the Company may settle a cash exercise of the Warrant with unregistered common stock. |
|  |  | Notwithstanding the foregoing in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect exercises made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate instruction form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation, as applicable), subject to a Holder's right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agent Agreement, in which case this sentence shall not apply. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Exercise Price.** The exercise price per share of Common Stock under this Warrant shall be Three Dollars ($3.00), subject to adjustment hereunder (the "*Exercise Price* ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Mechanics of Exercise.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i.** **Delivery of Warrant Shares Upon Exercise.** The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account of the Holder's or its designee's balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system ("DWAC") if the Company is then a participant in such system or by registering the ownership of shares in Book Entry at the Transfer Agent for Holder. If the Company fails for any reason to deliver or cause the delivery to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding and exercisable. As used herein, "Standard Settlement Period" means the standard settlement period, expressed in a number of Trading Days, on the Company's primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii.** **Delivery of New Warrants Upon Exercise.** If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver or cause the Warrant Agent to deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iii.** **Rescission Rights**. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(c)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iv.** **Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise.** In addition to any other rights available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions of Section 2(c)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder's brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a "Buy-In"), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder's right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company's failure to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**v.** **No Fractional Shares or Scrip**. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**vi.** **Charges, Taxes and Expenses**. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however, that in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto as  **<u>Annex B</u>** , duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**vii.** **Closing of Books**. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** **Holder's Exercise Limitations.** The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder's Affiliates (such Persons, "*Attribution Parties* ")), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 2(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(d) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 2(d), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company's most recent periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall within one (1) Trading Day confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common
Stock was reported. The "Beneficial Ownership Limitation" shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(d), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section 2(d) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 2(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.**  **<u>Covenants and Conditions</u>.** The above provisions are subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Neither this Warrant nor the Shares have been registered under the Securities Act or any state securities laws ()"*Blue Sky Laws* "). This Warrant has been acquired for investment purposes and not with a view to distribution or resale and may not be pledged, hypothecated, sold, made subject to a security interest, or otherwise transferred without (i) an effective registration statement for the Warrant under the Securities Act and all applicable Blue Sky Laws, or (ii) an opinion of counsel, which opinion and counsel shall be reasonably satisfactory to the Company and its counsel, that registration is not required under the Securities Act or under any applicable Blue Sky Laws. Transfer of Shares issued upon the exercise of this Warrant shall be restricted in the same manner and to the same extent as the Warrant, and the certificates representing the Shares shall, subject to Section 5 hereof, bear substantially the following legend:

"THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "**ACT**"), OR QUALIFIED UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS (I) A REGISTRATION STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS QUALIFIED UNDER APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND, IF THE CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL."

The Holder hereof and the Company agree to execute all other documents and instruments as counsel for the Company reasonably deems necessary to effect the compliance of the issuance of this Warrant and any shares of Common Stock issued upon exercise hereof with applicable federal and state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The Company covenants and agrees that all Shares which may be issued upon exercise of this Warrant will, upon issuance and payment therefor, be legally and validly issued and outstanding, fully paid and nonassessable, free from all taxes, liens, charges and preemptive rights, if any, with respect thereto or to the issuance thereof. The Company shall at all times reserve and keep available for issuance upon the exercise of this Warrant that number of authorized but unissued shares of Common Stock as will be sufficient to permit the exercise in full of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>Adjustment of Exercise Price and Number of Shares Issuable</u>.** The Exercise Price and the number of Shares (or other securities or property) issuable upon exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of any of the events enumerated in this Section 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)**  **<u>Common Stock Reorganization</u>.** If the Company shall (i) subdivide or consolidate its outstanding shares of Common Stock (or any class thereof) into a greater or smaller number of shares, (ii) pay a dividend or make a distribution on its Common Stock (or any class thereof) in shares of its capital stock, or (iii) issue by reclassification of its Common Stock (or any class thereof) any shares of its capital stock (any event described in clauses (i), (ii) or (iii) being called a "Common Stock Reorganization"), then the Exercise Price and the type of securities for which this Warrant is exercisable shall be adjusted immediately so that the Holder thereafter shall be entitled to receive upon exercise of this Warrant the aggregate number and type of securities that it would have received if this Warrant had been exercised immediately prior to the Common Stock Reorganization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Adjustment in Number of Shares</u>.** Upon each adjustment to the Exercise Price pursuant to subsections (a) of this Section 4, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant by a fraction, the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)**  **<u>Capital Reorganizations</u>.** If there shall be any consolidation, merger or amalgamation of the Company with another person or entity or any acquisition of capital stock of the Company by means of a share exchange, other than a consolidation, merger or share exchange in which the Company is the continuing corporation or any sale or conveyance of the property of the Company as an entirety or substantially as an entirety, or any reorganization or recapitalization of the Company (a "*Capital Reorganization* "), then the Holder of this Warrant shall no longer have the right to purchase Common Stock, but shall have instead the right to purchase, upon exercise of this Warrant, the kind and amount of shares of stock and other securities and property (including cash) which the Holder would have owned or have been entitled to receive pursuant to the Capital Reorganization if this Warrant had been exercised immediately prior to the effective date of the Capital Reorganization. As a condition to effecting any Capital Reorganization, the Company or the successor or surviving corporation, as the case may be, shall assume by a supplemental agreement, satisfactory in form, scope and substance to the Holder (which shall be mailed or delivered to the Holder of this Warrant at the last address of the Holder appearing on the books of the Company) the obligation to deliver to the Holder shares of stock, securities, cash or property as, in accordance with the foregoing provisions, the Holder may be entitled to purchase, and all other obligations of the Company set forth in this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)**  **<u>Determination of Fair Market Value</u>.** Subject to the provisions set forth below, the fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution shall be determined in good faith by the Board of Directors of the Company. Upon each determination, the Company shall promptly give notice thereof to the Holder, setting forth in reasonable detail the calculation of the fair market value and the method and basis of determination thereof (the "*Company Determination* "). If the Holder shall disagree with the Company Determination and shall, by notice to the Company given within thirty (30) days after the Company's notice of the Company Determination, elect to dispute the Company Determination, the Company shall, within thirty (30) days after receipt of the notice, engage an investment bank or other qualified appraisal firm acceptable to the Holder to make an independent determination of the fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution (the "Appraiser Determination"). The Appraiser Determination shall be final and binding on the Company and the Holder. The cost of the Appraiser Determination shall be borne by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)**  **<u>Adjustment Rules</u>.** Any adjustments pursuant to this Section 4 shall be made successively whenever an event referred to herein shall occur. No adjustment shall be made pursuant to this Section 4 in respect of the issuance from time to time of shares of Common Stock upon the exercise of this Warrant or upon the exercise or conversion of any other Option Securities or Convertible Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)**  **<u>Proceedings Prior to Any Action Requiring Adjustment</u>.** As a condition precedent to the taking of any action which would require an adjustment pursuant to this Section 4, the Company shall take any action which may be necessary, including obtaining regulatory approvals or exemptions, in order that the Company may thereafter validly and legally issue as fully paid and nonassessable all shares of Common Stock which the Holder of this Warrant is entitled to receive upon exercise thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g)**  **<u>Notice of Adjustment</u>.** Not less than ten (10) days prior to the record date or effective date, as the case may be, of any action which requires or might require an adjustment or readjustment pursuant to this Section 4, the Company shall give notice to the Holder of the event, describing the event in reasonable detail and specifying the record date or effective date, as the case may be, and, if determinable, the required adjustment and the computation hereof. If the required adjustment is not determinable at the time of the notice, the Company shall give notice to the Holder of the adjustment and computation promptly after the adjustment becomes determinable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.**  **<u>Transfer of Warrant</u>.** Subject to the provisions of Section 4 hereof, this Warrant may be transferred, in whole or in part, to any person or business entity, by presentation of the Warrant to the Company with written instructions for the transfer. Upon the presentation for transfer, the Company shall promptly execute and deliver a new Warrant or Warrants in the form hereof in the name of the assignee or assignees and in the denominations specified in the instructions. The Company shall pay all expenses incurred by it in connection with the preparation, issuance and delivery of Warrants under this Section. Any transferee of this Warrant by acceptance thereof, agrees to be bound by all of the terms and conditions of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.**  **<u>Warrant Holder Not Shareholder; Rights Offering; Preemptive Rights</u>.** Except as otherwise provided herein, this Warrant does not confer upon the Holder any right whatsoever as a shareholder of the Company. Notwithstanding the foregoing, if the Company should offer to all of the Company's shareholders the right to purchase any securities of the Company, then all shares of Common Stock that are subject to this Warrant shall be deemed to be outstanding and owned by the Holder and the Holder shall be entitled to participate in the offer. The Company shall not grant any preemptive rights with respect to any of its capital stock if the preemptive rights are exercisable upon exercise of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.**  **<u>Basic Financial Information</u>.** The Company will deliver to Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** As soon as practicable after the end of each fiscal year of the Company, and in any event within ninety (90) days thereafter, a consolidated balance sheet of the Company as at the end of such fiscal year, and consolidated statements of operations, cash flow and changes in equity of the Company for such year, prepared in accordance with GAAP consistently applied and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and audited and reported on by independent public accountants of recognized national standing selected by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** From the date the Company becomes subject to the reporting requirements of the Exchange Act, and in lieu of the financial information required pursuant to Section 7(a), copies of its annual reports and all exhibits thereto and its quarterly reports, if any, respectively,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** As soon as practicable after transmission or occurrence and in any event within ten (10) days thereof, copies of any financial reports or communications (exclusive of reports or communications relating to the practice of medicine) delivered to any class of the Company's security Holders or broadly to the financial community, including any filings by the Company with any securities exchange, the Commission or the National Association of Securities Dealers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** With reasonable promptness, any other financial data as the Holder may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.**  **<u>Lost, Stolen, Mutilated or Destroyed Warrant</u>.** If this Warrant is lost, stolen, mutilated or destroyed, the Company may, on such terms as to indemnity or otherwise as it may in its discretion reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and tenor as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall represent the original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.**  **<u>Registration Rights</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)**  **<u>Piggy Back Registration Rights</u>.** In the event that the Company files a Registration Statement with the SEC after January 1, 2026, the Investor may make a written request (the "*Piggy-Back Request*") that the Company include in the proposed registration all, or a portion, of the Registrable Securities owned by the Investor. The Company will use its commercially reasonable efforts to include in any Registration Statement all Registrable Securities which the Company has been requested to register pursuant to any timely Piggy-Back Request to the extent required to permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be registered. The expenses of the registration shall be paid by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Failure to File Registration Statement</u>:** The Company hereby agrees that in the event it either refuses to file or fails to file the registration statement specified in this Section 9, then the Investor shall be due liquidated damages in the amount of the greater of i) One Million Dollars ($1,000,000) or ii) the combined market value of the common shares held by the Investor, plus the market value of the shares from the unexercised warrants minus the value of the exercise price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)**  **<u>Exception</u>** . Notwithstanding the foregoing, the Company shall not be obligated to effect any Registration Statement within ninety (90) days after the effective date of a previous Registration Statement in which holders of Registrable Securities were permitted to register the offer and sale under the Securities Act, and actually sold, at least 50% of shares of Registrable Securities requested to be included therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)**  **<u>Participation in Underwritten Registrations</u>** . No Holder may participate in any registration hereunder which is underwritten unless such Holder (a) agrees to sell such Holder's securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.**  **<u>Certain Notices</u>.** In case at any time the Company shall propose to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** declare any cash dividend upon its Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** declare any dividend upon its Common Stock payable in stock or make any special dividend or other distribution to the Holders of its Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** offer for subscription to the Holders of any of its Common Stock any additional shares of stock in any class or other rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** reorganize, or reclassify the capital stock of the Company, or consolidate, merge or otherwise combine with, or sell all or substantially all of its assets to, another corporation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** voluntarily or involuntarily dissolve, liquidate or wind up of the affairs of the Company;

then in any one or more of these events, the Company shall give to the Holder, by certified or registered mail, (i) at least twenty (20) days' prior written notice of the date on which the books of the Company shall close or a record shall be taken for the dividend, distribution or subscription rights or for determining rights to vote in respect of any reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, and (ii) in the case of the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, at least twenty (20) days' prior written notice of the date when the same shall take place. Any notice required by clause (i) shall also specify, in the case of any dividend, distribution or subscription rights, the date on which the Holders of Common Stock shall be entitled thereto, and any notice required by clause (ii) shall specify the date on which the Holders of Common Stock shall be entitled to exchange their Common Stock for securities or other property deliverable upon the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11**.  **<u>Successor and Assigns</u>** . This Warrant and the rights evidenced hereby shall be binding upon and shall inure to the benefit of the parties hereto and the successors of the Company and the successors and permitted assigns of the Holder. Such successors and/or permitted assigns of the Holder shall be deemed to be a Holder for all purposes hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12**.  **<u>Third-Party Beneficiaries</u>** . This Warrant is for the sole benefit of the Company and the Holder and their respective successors and, in the case of the Holder, permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13**.  **<u>Headings</u>** . The headings in this Warrant are for reference only and shall not affect the interpretation of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14**.  **<u>Amendment and Modification; Waiver</u>** . Except as otherwise provided herein, this Warrant may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. No waiver by the Company or the Holder of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from this Warrant shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15**.  **<u>Severability</u>** . If any term or provision of this Warrant is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Warrant or invalidate or render unenforceable such term or provision in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16**.  **<u>Governing Law</u>** . This Warrant shall be governed by and construed in accordance with the internal laws of the State of Nevada without giving effect to any choice or conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause the application of laws of any jurisdiction other than those of the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17**.  **<u>Submission to Jurisdiction</u>** . Any legal suit, action or proceeding arising out of or based upon this Warrant or the transactions contemplated hereby may be instituted in the federal courts of the United States of America or the courts of the State of Nevada in each case located in the city of Las Vegas, and County of Clark, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of process, summons, notice or other document by certified or registered mail to such party's address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18**.  **<u>Waiver of Jury Trial</u>** . Each party acknowledges and agrees that any controversy which may arise under this Warrant is likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Warrant or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19**.  **<u>Counterparts</u>** . This Warrant may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Warrant delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20**.  **<u>No Strict Construction</u>** . This Warrant shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted.

[SIGNATURE PAGE FOLLOWS]

**IN WITNESS WHEREOF,** the parties hereto have executed this Warrant as of the date first above written.

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| |
|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| By: _____________________<br> Name: Chester I. Wright, III<br> Title: CEO |

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Accepted and agreed, <br> *{Holder Name}* <br> By: _____________________ Name: Title:

**<u>Annex A</u>**

**NOTICE OF EXERCISE**

TO: GLOBAL INDUSTRY PRODUCTS, CORP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Payment shall take the form of (check applicable box):

[_] in lawful money of the United States; or

[_] if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 2(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Please register and issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

The Warrant Shares shall be delivered to the following DWAC Account Number or by physical delivery of a certificate to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) <u>Accredited Investor</u>. If the Warrant is being exercised via cash exercise, the undersigned is an "accredited investor," as defined in Regulation D promulgated under the Securities Act of 1933, as amended (the "Securities Act"), or a non-U.S. Person, as defined under Regulation S promulgated under the Securities Act.

[SIGNATURE OF HOLDER]

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| |
|:---|
| Name of Investing Entity: |
| *Signature of Authorized Signatory of Investing Entity*: |
| Name of Authorized Signatory: |
| Title of Authorized Signatory: |
| Date: |

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**ASSIGNMENT FORM**

(To assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

FOR VALUE RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

_______________________________________________ whose address is

_______________________________________________________________.

_______________________________________________________________

Dated: ______________, _______

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| |
|:---|
| Holder's Signature: |
| Holder's Address: |

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NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

## Exhibit 4.3

<br> **EXHIBIT 4.3**

**[FORM OF GLOBAL CERTIFICATE]**

THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 ("FEDERAL ACT") OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON THE EXEMPTIONS CONTAINED THEREIN. THIS WARRANT AND ANY SHARES ISSUED UPON EXERCISE OF THIS WARRANT MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS OR THE COMPANY IS SATISFIED THAT SUCH REGISTRATION IS NOT REQUIRED.

THIS GLOBAL CERTIFICATE SHALL REPRESENT THE TERMS, AND CONDITIONS OF THE WARRANT. THE WARRANT(S) SHALL BE ISSUED IN "*BOOK ENTRY*" FORMAT TO THE RESPECTIVE WARRANT HOLDERS. THE WARRANT AGENT FOR THE COMPANY SHALL BE RESPONSIBLE FOR MAINTAINING A LIST OF ALL REGISTERED WARRANT HOLDERS.

Series E Warrant to Purchase Shares of Common Stock

**Dated:** {Issuance Date}

**GLOBAL INDUSTRY PRODUCTS, CORP.**

**SERIES E WARRANT CERTIFICATE**

**THIS COMMON STOCK PURCHASE WARRANT** (the "*<u>Warrant</u>*") certifies that, for value received, the Warrant Holder or its assigns<sup>1</sup> (the "*<u>Holder</u>*") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after {Issuance Date} (the "*<u>Initial Exercise Date</u>*") and on or prior to the close of business on Termination Date (as defined below) but not thereafter, to subscribe for and purchase from Global Industry Products, Corp., a Nevada corporation (the "*<u>Company</u>*"), a number of shares as specified in the books and records of the warrant agent of Common Stock, $0.001 par value per share, of the Company (as subject to adjustment hereunder, the "*<u>Warrant Shares</u>*"). The purchase price of one Warrant Share under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security held in book-entry form and Mountain Share Transfer, LLC, as warrant agent, shall initially maintain the records of the registered warrant holders, subject to a Holder's right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

**1. <u>Issuance of Warrant; Term</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** For and in consideration of good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the Company hereby grants to the Holder the right to purchase ____________________ (__________) shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the "*Shares.*" This Warrant shall be exercisable at any time and from time to time from the date hereof until this Warrant expires at 5:00 P.M. (Eastern time) on October 30, 2026 (the "*Termination Date* ").

___________________

<sup>1</sup> As maintained in the books and records of the Warrant Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings defined in this Section 1:

**"Affiliate"** means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

**"Business Day"** means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

**"Commission"** means the United States Securities and Exchange Commission.

**"Common Stock"** means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities may hereafter be reclassified or changed.

**"Common Stock Equivalents"** means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

**"Exchange Act"** means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

**"Person"** means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

"**Registrable Securities**" means (a) the Shares, and (b) any shares of Common Stock issued or issuable with respect to any shares described in subsection (a) above by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation, other reorganization or other similar event with respect to the Common Stock (it being understood that, for purposes of this Agreement, a Person shall be deemed to be a holder of Registrable Securities whenever such Person has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition has actually been effected). As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (i) the Commission has declared a Registration Statement covering such securities effective and such securities have been disposed of pursuant to such effective Registration Statement, (ii) such securities are sold under circumstances in which all of the applicable conditions of Rule 144 under the Securities Act are met, (iii) such securities become eligible for sale pursuant to Rule 144 without volume or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144(c)(1), as set forth in a written opinion letter to such effect, addressed, delivered and reasonably acceptable to the applicable transfer agent and the holders of such securities, (iv) such securities have ceased to be outstanding.

"**Registration Statement**" means a registration statement on Form S-1, any successor form thereto, including post-effective amendments.

**"Securities Act"** means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

**"Subsidiary"** means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

**"Trading Day"** means a day on which the Common Stock is traded on a Trading Market.

**"Trading Market"** means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange (or any successors to any of the foregoing), or OTC Markets.

**"Transfer Agent**" means Mountain Share Transfer, LLC, 2030 Powers Ferry Road SE, Suite # 212, Atlanta, GA 30339, and any successor transfer agent of the Company.

**"VWAP"** means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

"**Warrant Agent Agreement**" means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company and the Warrant Agent.

**"Warrant Agent**" means the Transfer Agent and any successor warrant agent of the Company.

**"Warrants"** means this Warrant and any replacement hereof.

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| | | |
|:---|:---|:---|
| **2.** | **(a)** | **<u>Exercise of Warrant</u>**. Subject to the provisions of Section 2(d) herein, exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto as **<u>Annex A</u>** (the "*Notice of Exercise*"). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period (as defined in Section 2(c)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's check drawn on a United States bank. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof. |
|  |  | For the avoidance of doubt, at any time during which there is no effective registration statement for the issuance or resale of the Warrant Shares, the Company may settle a cash exercise of the Warrant with unregistered common stock. |
|  |  | Notwithstanding the foregoing in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect exercises made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate instruction form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation, as applicable), subject to a Holder's right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant Agent Agreement, in which case this sentence shall not apply. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Exercise Price.** The exercise price per share of Common Stock under this Warrant shall be Four Dollars ($4.00), subject to
 adjustment hereunder (the "*Exercise Price* ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Mechanics of Exercise.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i.** **Delivery of Warrant Shares Upon Exercise.** The Company shall cause the Warrant Shares purchased hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account of the Holder's or its designee's balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system ("DWAC") if the Company is then a participant in such system or by registering the ownership of shares in Book Entry at the Transfer Agent for Holder. If the Company fails for any reason to deliver or cause the delivery to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding and exercisable. As used herein, "Standard Settlement Period" means the standard settlement period, expressed in a number of Trading Days, on the Company's primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ii.** **Delivery of New Warrants Upon Exercise.** If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver or cause the Warrant Agent to deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iii.** **Rescission Rights**. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(c)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**iv.** **Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise.** In addition to any other rights available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions of Section 2(c)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder's brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon such exercise (a "Buy-In"), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder's total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder's right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Company's failure to timely deliver shares of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**v.** **No Fractional Shares or Scrip**. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**vi.** **Charges, Taxes and Expenses**. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided, however, that in the event that Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto as  **<u>Annex B</u>** , duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**vii.** **Closing of Books**. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** **Holder's Exercise Limitations.** The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder's Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder's Affiliates (such Persons, "*Attribution Parties* ")), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 2(d), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(d) applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder's determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section 2(d), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company's most recent periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of a Holder, the Company shall within one (1) Trading Day confirm orally and in writing to the Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common
Stock was reported. The "Beneficial Ownership Limitation" shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(d), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section 2(d) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section 2(d) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.**  **<u>Covenants and Conditions</u>.** The above provisions are subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** Neither this Warrant nor the Shares have been registered under the Securities Act or any state securities laws ()"*Blue Sky Laws* "). This Warrant has been acquired for investment purposes and not with a view to distribution or resale and may not be pledged, hypothecated, sold, made subject to a security interest, or otherwise transferred without (i) an effective registration statement for the Warrant under the Securities Act and all applicable Blue Sky Laws, or (ii) an opinion of counsel, which opinion and counsel shall be reasonably satisfactory to the Company and its counsel, that registration is not required under the Securities Act or under any applicable Blue Sky Laws. Transfer of Shares issued upon the exercise of this Warrant shall be restricted in the same manner and to the same extent as the Warrant, and the certificates representing the Shares shall, subject to Section 5 hereof, bear substantially the following legend:

"THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "**ACT**"), OR QUALIFIED UNDER ANY STATE OR FOREIGN SECURITIES LAWS AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS (I) A REGISTRATION STATEMENT COVERING SUCH SHARES IS EFFECTIVE UNDER THE ACT AND IS QUALIFIED UNDER APPLICABLE STATE AND FOREIGN LAW OR (II) THE TRANSACTION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS UNDER THE ACT AND THE QUALIFICATION REQUIREMENTS UNDER APPLICABLE STATE AND FOREIGN LAW AND, IF THE CORPORATION REQUESTS, AN OPINION SATISFACTORY TO THE CORPORATION TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL."

The Holder hereof and the Company agree to execute all other documents and instruments as counsel for the Company reasonably deems necessary to effect the compliance of the issuance of this Warrant and any shares of Common Stock issued upon exercise hereof with applicable federal and state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** The Company covenants and agrees that all Shares which may be issued upon exercise of this Warrant will, upon issuance and payment therefor, be legally and validly issued and outstanding, fully paid and nonassessable, free from all taxes, liens, charges and preemptive rights, if any, with respect thereto or to the issuance thereof. The Company shall at all times reserve and keep available for issuance upon the exercise of this Warrant that number of authorized but unissued shares of Common Stock as will be sufficient to permit the exercise in full of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>Adjustment of Exercise Price and Number of Shares Issuable</u>.** The Exercise Price and the number of Shares (or other securities or property) issuable upon exercise of this Warrant shall be subject to adjustment from time to time upon the occurrence of any of the events enumerated in this Section 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)**  **<u>Common Stock Reorganization</u>.** If the Company shall (i) subdivide or consolidate its outstanding shares of Common Stock (or any class thereof) into a greater or smaller number of shares, (ii) pay a dividend or make a distribution on its Common Stock (or any class thereof) in shares of its capital stock, or (iii) issue by reclassification of its Common Stock (or any class thereof) any shares of its capital stock (any event described in clauses (i), (ii) or (iii) being called a "Common Stock Reorganization"), then the Exercise Price and the type of securities for which this Warrant is exercisable shall be adjusted immediately so that the Holder thereafter shall be entitled to receive upon exercise of this Warrant the aggregate number and type of securities that it would have received if this Warrant had been exercised immediately prior to the Common Stock Reorganization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Adjustment in Number of Shares</u>.** Upon each adjustment to the Exercise Price pursuant to subsections (a) of this Section 4, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant by a fraction, the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)**  **<u>Capital Reorganizations</u>.** If there shall be any consolidation, merger or amalgamation of the Company with another person or entity or any acquisition of capital stock of the Company by means of a share exchange, other than a consolidation, merger or share exchange in which the Company is the continuing corporation or any sale or conveyance of the property of the Company as an entirety or substantially as an entirety, or any reorganization or recapitalization of the Company (a "*Capital Reorganization* "), then the Holder of this Warrant shall no longer have the right to purchase Common Stock, but shall have instead the right to purchase, upon exercise of this Warrant, the kind and amount of shares of stock and other securities and property (including cash) which the Holder would have owned or have been entitled to receive pursuant to the Capital Reorganization if this Warrant had been exercised immediately prior to the effective date of the Capital Reorganization. As a condition to effecting any Capital Reorganization, the Company or the successor or surviving corporation, as the case may be, shall assume by a supplemental agreement, satisfactory in form, scope and substance to the Holder (which shall be mailed or delivered to the Holder of this Warrant at the last address of the Holder appearing on the books of the Company) the obligation to deliver to the Holder shares of stock, securities, cash or property as, in accordance with the foregoing provisions, the Holder may be entitled to purchase, and all other obligations of the Company set forth in this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)**  **<u>Determination of Fair Market Value</u>.** Subject to the provisions set forth below, the fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution shall be determined in good faith by the Board of Directors of the Company. Upon each determination, the Company shall promptly give notice thereof to the Holder, setting forth in reasonable detail the calculation of the fair market value and the method and basis of determination thereof (the "*Company Determination* "). If the Holder shall disagree with the Company Determination and shall, by notice to the Company given within thirty (30) days after the Company's notice of the Company Determination, elect to dispute the Company Determination, the Company shall, within thirty (30) days after receipt of the notice, engage an investment bank or other qualified appraisal firm acceptable to the Holder to make an independent determination of the fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution (the "Appraiser Determination"). The Appraiser Determination shall be final and binding on the Company and the Holder. The cost of the Appraiser Determination shall be borne by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)**  **<u>Adjustment Rules</u>.** Any adjustments pursuant to this Section 4 shall be made successively whenever an event referred to herein shall occur. No adjustment shall be made pursuant to this Section 4 in respect of the issuance from time to time of shares of Common Stock upon the exercise of this Warrant or upon the exercise or conversion of any other Option Securities or Convertible Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)**  **<u>Proceedings Prior to Any Action Requiring Adjustment</u>.** As a condition precedent to the taking of any action which would require an adjustment pursuant to this Section 4, the Company shall take any action which may be necessary, including obtaining regulatory approvals or exemptions, in order that the Company may thereafter validly and legally issue as fully paid and nonassessable all shares of Common Stock which the Holder of this Warrant is entitled to receive upon exercise thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g)**  **<u>Notice of Adjustment</u>.** Not less than ten (10) days prior to the record date or effective date, as the case may be, of any action which requires or might require an adjustment or readjustment pursuant to this Section 4, the Company shall give notice to the Holder of the event, describing the event in reasonable detail and specifying the record date or effective date, as the case may be, and, if determinable, the required adjustment and the computation hereof. If the required adjustment is not determinable at the time of the notice, the Company shall give notice to the Holder of the adjustment and computation promptly after the adjustment becomes determinable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.**  **<u>Transfer of Warrant</u>.** Subject to the provisions of Section 4 hereof, this Warrant may be transferred, in whole or in part, to any person or business entity, by presentation of the Warrant to the Company with written instructions for the transfer. Upon the presentation for transfer, the Company shall promptly execute and deliver a new Warrant or Warrants in the form hereof in the name of the assignee or assignees and in the denominations specified in the instructions. The Company shall pay all expenses incurred by it in connection with the preparation, issuance and delivery of Warrants under this Section. Any transferee of this Warrant by acceptance thereof, agrees to be bound by all of the terms and conditions of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.**  **<u>Warrant Holder Not Shareholder; Rights Offering; Preemptive Rights</u>.** Except as otherwise provided herein, this Warrant does not confer upon the Holder any right whatsoever as a shareholder of the Company. Notwithstanding the foregoing, if the Company should offer to all of the Company's shareholders the right to purchase any securities of the Company, then all shares of Common Stock that are subject to this Warrant shall be deemed to be outstanding and owned by the Holder and the Holder shall be entitled to participate in the offer. The Company shall not grant any preemptive rights with respect to any of its capital stock if the preemptive rights are exercisable upon exercise of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.**  **<u>Basic Financial Information</u>.** The Company will deliver to Holder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** As soon as practicable after the end of each fiscal year of the Company, and in any event within ninety (90) days thereafter, a consolidated balance sheet of the Company as at the end of such fiscal year, and consolidated statements of operations, cash flow and changes in equity of the Company for such year, prepared in accordance with GAAP consistently applied and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and audited and reported on by independent public accountants of recognized national standing selected by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** From the date the Company becomes subject to the reporting requirements of the Exchange Act, and in lieu of the financial information required pursuant to Section 7(a), copies of its annual reports and all exhibits thereto and its quarterly reports, if any, respectively,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** As soon as practicable after transmission or occurrence and in any event within ten (10) days thereof, copies of any financial reports or communications (exclusive of reports or communications relating to the practice of medicine) delivered to any class of the Company's security Holders or broadly to the financial community, including any filings by the Company with any securities exchange, the Commission or the National Association of Securities Dealers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)** With reasonable promptness, any other financial data as the Holder may reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.**  **<u>Lost, Stolen, Mutilated or Destroyed Warrant</u>.** If this Warrant is lost, stolen, mutilated or destroyed, the Company may, on such terms as to indemnity or otherwise as it may in its discretion reasonably impose (which shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and tenor as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall represent the original contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.**  **<u>Registration Rights</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)**  **<u>Piggy Back Registration Rights</u>.** In the event that the Company files a Registration Statement with the SEC after January 1, 2026, the Investor may make a written request (the "*Piggy-Back Request*") that the Company include in the proposed registration all, or a portion, of the Registrable Securities owned by the Investor. The Company will use its commercially reasonable efforts to include in any Registration Statement all Registrable Securities which the Company has been requested to register pursuant to any timely Piggy-Back Request to the extent required to permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be registered. The expenses of the registration shall be paid by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)**  **<u>Failure to File Registration Statement</u>:** The Company hereby agrees that in the event it either refuses to file or fails to file the registration statement specified in this Section 9, then the Investor shall be due liquidated damages in the amount of the greater of i) One Million Dollars ($1,000,000) or ii) the combined market value of the common shares held by the Investor, plus the market value of the shares from the unexercised warrants minus the value of the exercise price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)**  **<u>Exception</u>** . Notwithstanding the foregoing, the Company shall not be obligated to effect any Registration Statement within ninety (90) days after the effective date of a previous Registration Statement in which holders of Registrable Securities were permitted to register the offer and sale under the Securities Act, and actually sold, at least 50% of shares of Registrable Securities requested to be included therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d)**  **<u>Participation in Underwritten Registrations</u>** . No Holder may participate in any registration hereunder which is underwritten unless such Holder (a) agrees to sell such Holder's securities on the basis provided in any underwriting arrangements approved by the Person or Persons entitled hereunder to approve such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.**  **<u>Certain Notices</u>.** In case at any time the Company shall propose to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** declare any cash dividend upon its Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** declare any dividend upon its Common Stock payable in stock or make any special dividend or other distribution to the Holders of its Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** offer for subscription to the Holders of any of its Common Stock any additional shares of stock in any class or other rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) reorganize, or reclassify the capital stock of the Company, or consolidate, merge or otherwise combine with, or sell all or substantially all of its assets to, another corporation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) voluntarily or involuntarily dissolve, liquidate or wind up of the affairs of the Company;

then in any one or more of these events, the Company shall give to the Holder, by certified or registered mail, (i) at least twenty (20) days' prior written notice of the date on which the books of the Company shall close or a record shall be taken for the dividend, distribution or subscription rights or for determining rights to vote in respect of any reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, and (ii) in the case of the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, at least twenty (20) days' prior written notice of the date when the same shall take place. Any notice required by clause (i) shall also specify, in the case of any dividend, distribution or subscription rights, the date on which the Holders of Common Stock shall be entitled thereto, and any notice required by clause (ii) shall specify the date on which the Holders of Common Stock shall be entitled to exchange their Common Stock for securities or other property deliverable upon the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11**.  **<u>Successor and Assigns</u>** . This Warrant and the rights evidenced hereby shall be binding upon and shall inure to the benefit of the parties hereto and the successors of the Company and the successors and permitted assigns of the Holder. Such successors and/or permitted assigns of the Holder shall be deemed to be a Holder for all purposes hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12**.  **<u>Third-Party Beneficiaries</u>** . This Warrant is for the sole benefit of the Company and the Holder and their respective successors and, in the case of the Holder, permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit or remedy of any nature whatsoever, under or by reason of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13**.  **<u>Headings</u>** . The headings in this Warrant are for reference only and shall not affect the interpretation of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14**.  **<u>Amendment and Modification; Waiver</u>** . Except as otherwise provided herein, this Warrant may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. No waiver by the Company or the Holder of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from this Warrant shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15**.  **<u>Severability</u>** . If any term or provision of this Warrant is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Warrant or invalidate or render unenforceable such term or provision in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16**.  **<u>Governing Law</u>** . This Warrant shall be governed by and construed in accordance with the internal laws of the State of Nevada without giving effect to any choice or conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction) that would cause the application of laws of any jurisdiction other than those of the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17**.  **<u>Submission to Jurisdiction</u>** . Any legal suit, action or proceeding arising out of or based upon this Warrant or the transactions contemplated hereby may be instituted in the federal courts of the United States of America or the courts of the State of Nevada in each case located in the city of Las Vegas, and County of Clark, and each party irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of process, summons, notice or other document by certified or registered mail to such party's address set forth herein shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18**.  **<u>Waiver of Jury Trial</u>** . Each party acknowledges and agrees that any controversy which may arise under this Warrant is likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Warrant or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19**.  **<u>Counterparts</u>** . This Warrant may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Warrant delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20**.  **<u>No Strict Construction</u>** . This Warrant shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted.

[SIGNATURE PAGE FOLLOWS]

**IN WITNESS WHEREOF,** the parties hereto have executed this Warrant as of the date first above written.

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| |
|:---|
| **GLOBAL INDUSTRY PRODUCTS, CORP.** |
| By: _____________________<br> Name: Chester I. Wright, III<br> Title: CEO |

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Accepted and agreed, <br> *{Holder Name}* <br> By: _____________________ Name: Title:

**<u>Annex A</u>**

**NOTICE OF EXERCISE**

TO: GLOBAL INDUSTRY PRODUCTS, CORP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Payment shall take the form of (check applicable box):

[_] in lawful money of the United States; or

[_] if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth in subsection 2(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Please register and issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

The Warrant Shares shall be delivered to the following DWAC Account Number or by physical delivery of a certificate to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) <u>Accredited Investor</u>. If the Warrant is being exercised via cash exercise, the undersigned is an "accredited investor," as defined in Regulation D promulgated under the Securities Act of 1933, as amended (the "Securities Act"), or a non-U.S. Person, as defined under Regulation S promulgated under the Securities Act.

[SIGNATURE OF HOLDER]

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| |
|:---|
| Name of Investing Entity: |
| *Signature of Authorized Signatory of Investing Entity*: |
| Name of Authorized Signatory: |
| Title of Authorized Signatory: |
| Date: |

---

**ASSIGNMENT FORM**

(To assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

FOR VALUE RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

_______________________________________________ whose address is

_______________________________________________________________.

_______________________________________________________________

Dated: ______________, _______

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| |
|:---|
| Holder's Signature: |
| Holder's Address: |

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NOTE: The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever. Officers of corporations and those acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

## Ex-5

**EXHIBIT 5.1<br> EXHIBIT 23.1**

**Michael A. Littman**

**Attorney at Law**

PO Box 1839

Arvada, CO 80001

Phone: 720-800-1345

Email: malattyco@aol.com

September 30, 2025

Global Industry Products, Corp.

7770 Dean Martin Dr., Ste. 303

Las Vegas, NV 89139

Re: Form S-1 for up to 16,158,783 shares, par value $0.001 per share

Gentlemen:

At your request, I have examined the Form S-1, which is being filed with the Securities and Exchange Commission ("SEC") (the "Registration Statement"), in connection with the registration under the Securities Act of 1933, as amended, of:

· up to 16,158,783 shares for resale, par value $0.001 per share

In rendering the following opinion, I have examined and relied upon all of the documents listed as exhibits to the Form S-1, and resolutions of the Board of Directors of the Company adopted by the Board of Directors of the Company authorizing the agreement for the issuance of the stock, registered in Form S-1 for resale to which this letter refers. In my examination, I have assumed the genuineness of all signatures, the authenticity, accuracy and completeness of the documents submitted to me as originals, and the conformity with the original documents of all documents submitted to me as copies.

I have not undertaken, nor do I intend to undertake, any independent investigation beyond such specified documents and records, but to the extent necessary for this opinion, I have inquired and am satisfied as to the adequacy and accuracy of such documents and records. I have examined all documents necessary to form my opinions.

Based on the foregoing, it is my opinion that the stock being registered under the Registration Statement, when and as issued, will be duly and validly authorized, fully paid and non-assessable under Nevada laws.

I express no opinion as to compliance with the Securities Acts or "blue sky" laws of any state in which the stock is proposed to be offered and sold or as to the effect, if any, which non-compliance with such laws might have on the validity of transfer of the stock.

I consent to the filing of this opinion as an exhibit to any filing made with the Securities and Exchange Commission or under any state or other jurisdiction's securities act for the purpose of registering, qualifying or establishing eligibility for an exemption from registration or qualification of the stock described in the Registration Statement in connection with the offering described therein.

This opinion covers only matters of Nevada law and nothing in this opinion shall be deemed to imply any opinion related to the laws of any other jurisdiction. Nothing herein shall be deemed to relate to or constitute an opinion concerning any matters not specifically set forth above.

The information set forth herein is as of the date of this letter. I disclaim any undertaking to advise you of changes which may be brought to my attention after the effective date of the Registration Statement.

---

| | |
|:---|:---|
| Sincerely, | Sincerely, |
| By: | /s/ Michael A. Littman |
|  | Michael A. Littman, Attorney at Law |

---

## Exhibit 10.1

**EXHIBIT 10.1**

PROLOGIS CLEAR LEASE

Simplify your lease. Simplify your business.

THIS LEASE is made between Landlord and Tenant as of the Effective Date below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** <u>Defined Terms</u>.

---

| | | | |
|:---|:---|:---|:---|
| **a) Effective Date:** | 02 August 2023 |  |  |
| **b) Landlord:** | Prologis USLV SubREIT 4, LLC |  |  |
| **c) Landlord Notice Address:** | Prologis | With copy to: | Prologis |
|  | 3883 Howard Hughes Parkway, Suite 850 |  | Attn. General Counsel |
|  | Las Vegas, Nevada 89169 |  | 1800 Wazee Street |
|  |  |  | Suite 500 |
|  |  |  | Denver, CO 80202 |
| **d) Tenant:** | Arizona Turf Depot, LLC, an Arizona limited liability company | Arizona Turf Depot, LLC, an Arizona limited liability company | Arizona Turf Depot, LLC, an Arizona limited liability company |
| **e) Tenant Notice Address:** | Arizona Turf Depot | With copy to: | Kutak Rock LLP |
|  | 14131 N. Rio Vista Blvd, Ste 9 |  | 8601 N Scottsdale Rd. #300 |
|  | Peoria, AZ 85381 |  | Scottsdale, AZ 85253 |
|  | Attn.: Anthony Merlino |  | Attn.: Mark E. Lasee |
| **f) Premises:** | That portion of the Building containing approximately 16,390 rentable square | That portion of the Building containing approximately 16,390 rentable square | That portion of the Building containing approximately 16,390 rentable square |
|  | feet as shown on Exhibit A. |  |  |
| **g) Building:** | Warm Springs DC 14 |  |  |
|  | 7770 Dean Martin Dr. |  |  |
|  | Las Vegas, NV 89139 |  |  |
| **h) Project:** | Warm Springs Distribution Center 14 | Warm Springs Distribution Center 14 | Warm Springs Distribution Center 14 |
| **i) Tenant's Proportionate Share of Taxes** | 11.62% |  |  |
| **("Tenant's Share"):** |  |  |  |
| **j) Term:** | Beginning on the Commencement Date and ending on the day which is 62 full | Beginning on the Commencement Date and ending on the day which is 62 full | Beginning on the Commencement Date and ending on the day which is 62 full |
|  | calendar months following the Commencement Date (the "Expiration Date"). | calendar months following the Commencement Date (the "Expiration Date"). | calendar months following the Commencement Date (the "Expiration Date"). |
| **k) Commencement Date:** | August 15, 2023. |  |  |
| **l) Monthly Base Rent** | **<u>Period</u>** |  | **<u>Monthly Base Rent</u>** |
|  | 08/15/23 – 08/31/23 |  | USD$13,032.69 |
|  | 09/01/23 – 10/31/23 |  | 1\*USD$0.00 |
|  | 11/01/23 – 08/31/24 |  | USD$23,765.50 |
|  | 09/01/24 – 08/31/25 |  | USD$24,716.12 |
|  | 09/01/25 – 08/31/26 |  | USD$25,704.76 |
|  | 09/01/26 – 08/31/27 |  | USD$26,732.96 |
|  | 09/01/27 – 08/31/28 |  | USD$27,802.27 |
|  | 09/01/28 – 10/31/28 |  | USD$28,914.36 |

---

*1\* Monthly Base Rent of USD$23,765.50 is abated for this period.* 

*FOE and Taxes will be due as provided in the Lease during all periods.*

 

![](image_016.gif)

---

| | |
|:---|:---|
| **m) Monthly Fixed Operating Expenses** | **("FOE")**: Operating Expenses: USD$2,622.73 |
|  | Capital Repairs/Replacements: USD$458.92 |
|  | **Total FOE:** USD$3,081.65 |
| **n) Annual FOE Increase:** | FOE shall automatically increase during the Term by 4.30% effective on the first day |
|  | of each full calendar year anniversary of the Commencement Date. |
| **o) Monthly Taxes (estimated):** | USD$773.61 |
| **p) Securitye Deposit:** | USD$86,743.08 in the form of Cash |
| **q) Landlord Broker:** | Cushman & Wakefield Commerce |
| **r) Tenant Broker:** | Jones Lang Lasalle Incorporated |
| **s) Exhibits:** | **Exhibit A** - Site Plan |
|  | **Exhibit B** - Rules, Regulations, and Legal Requirements |
|  | **Exhibit C** - State Specific Provisions |
|  | **Exhibit D** - Construction (Turnkey) |
|  | **Exhibit E** - One Renewal Option at Market |

---

&nbsp;&nbsp;&nbsp;&nbsp;**2.**  **<u>Granting Clause; Quiet Enjoyment</u>** . Landlord hereby leases to Tenant, and Tenant hereby
 leases from Landlord, the Premises for the Term subject to the provisions of this Lease.
 Tenant shall have peaceful and quiet enjoyment of the Premises during the Term against
 any person claiming by, through or under Landlord provided no uncured Event of Default
 (defined below) exists. Tenant shall have access to the Premises 24 hours per day, seven
 days per week, 365 days per year and the non-exclusive use of the Common Areas (defined
 below) of the Project for their intended purposes and in accordance with the Rules, Regulations,
 and Legal Requirements (defined below). The term "**Common Areas**" means
 all areas of the Project designated for the common use by tenants.

---

| | |
|:---|:---|
| **3.** | **<u>Acceptance of Premises</u>**. Subject to Landlord's obligation to Substantially Complete the Initial Improvements and any punchlist prepared pursuant thereto, as of the Commencement Date, Tenant accepts the Premises in its "as-is" condition and waives any implied warranties relating to the Premises. Within 10 days after request, Tenant shall execute and deliver to Landlord a certificate confirming the Commencement Date. Tenant's use and occupation of the Premises prior to the Commencement Date shall be subject to all Tenant's obligations hereunder except for the payment of Monthly Base Rent, FOE, and Monthly Taxes. |
|  | Subject to Substantial Completion of Landlord's work prior to the Commencement Date, Landlord shall allow Tenant access to the Premises, for purposes of preparing the Premises for the commencement of Tenant's normal business operations, subject to applicable ordinances and building codes governing Tenant's right to occupy or perform in the Premises ("Early Occupancy"). During such Early Occupancy period prior to the Commencement Date, Tenant shall be bound by its obligations under the Lease, including the obligation to provide evidence of insurance, but shall not be obligated to pay the Monthly Base Rent, FOE, or Monthly Taxes payable by Tenant to Landlord as set forth in the Lease. |

---

&nbsp;&nbsp;&nbsp;&nbsp;**4.**  **<u>Use</u>** .
 The Premises shall be used only for the purpose of showroom, warehouse, receiving, storing,
 wholesale distribution (but specifically excluding retail selling), shipping products,
 and for other incidental lawful uses including for incidental office use and customer
 pick-up. The Premises shall not be used as a place of public accommodation under the
 Americans With Disabilities Act, similar state statutes, local ordinances or any related
 regulations, as may be amended from time to time. Tenant's use of the Project shall
 comply at all times with all rules, regulations, and Legal Requirements (defined in Exhibit
 B) established by Landlord (the "Rules, Regulations, and Legal Requirements").
 The current Rules, Regulations, and Legal Requirements are attached as Exhibit B. The
 Rules, Regulations, and Legal Requirements may be amended by Notice to Tenant, provided
 the amendments do not materially enlarge Tenant's obligations or limit Tenant's
 rights hereunder. Landlord shall have no liability for the breach of any rules or regulations
 by other tenants.

---

| | |
|:---|:---|
| **5.** | **<u>Monthly Rent</u>**. Upon Lease execution, Tenant shall pay to Landlord the first installment of Monthly Base Rent, FOE, and Monthly Taxes. Thereafter, Tenant shall make all such payments in advance, without demand, no later than the first day of each calendar month during the Term (prorated for any fractional calendar month). Tenant shall make all payments to Landlord (or to such other party or at such location as Landlord may from time to time specify in writing) by Electronic Fund Transfer or Automated Clearing House. Tenant shall not abate, reduce, or off-set any amounts payable except as otherwise expressly provided herein. Tenant shall pay to Landlord on demand as a late charge, and not a penalty, eight percent (8%) of any amount due for more than 5 days after the due date. |
|  | FOE represents payment for Landlord's costs incurred for insurance premiums (see Section 9), Landlord's costs for repair and maintenance (see Section 10), those capital repairs and replacements that are required of Landlord by this Lease (the expenses for which are reflected in Section 1(m)), association and property management fees and excluding Taxes. |
|  | The amount of Monthly Taxes represents one-twelfth (1/12th) of Tenant's Share of Taxes (see Section 8) as estimated by Landlord from time to time. Tenant shall be responsible only for Tenant's Share of actual Taxes in any calendar year. Any difference between Tenant's estimated payments and Tenant's Share of actual Taxes will be reconciled annually no later than 90 days following the first day of a calendar year by either Landlord or Tenant making payment to the other, as applicable, within 60 days after such determination. Tenant's Share may be proportionately adjusted for changes in the size of the Premises, Building, or Project. |

---

---

| |
|:---|
| **6.** |
| Provided no Event of Default exists or would exist but for the passage of time or the giving of notice, or both, effective on the first day of the 13<sup>th</sup> full calendar month following the Commencement Date of this Lease, the Security Deposit shall be applied to the Base Rent in the amount of $24,716.12, so that as of such date and throughout the remainder of the Lease Term, the Security Deposit shall reflect a total amount of $62,026.96. |

---

---

| | |
|:---|:---|
| **7.** | **<u>Utilities</u>**. Normal water and sewer services for office, break room and restroom are included in FOE. If Tenant's use of water and sewer services materially exceeds normal usage, Landlord may, at Tenant's expense, separately meter and require Tenant to pay the utility provider directly for such services. Tenant shall pay the utility providers directly for all other utilities serving the Premises, along with related taxes, penalties, or surcharges. Notwithstanding the foregoing, upon prior written notice to Tenant, and provided that: (i) such utilities are priced at, or below, local utility provider rates, and (ii) that there is no reduction of service level for such utility from the service level as of the date of the Landlord transfer, Landlord may transfer utility accounts held by Tenant at the Premises to the name of Landlord, or an appointed intermediary of Landlord. In the event Landlord transfers the utility accounts, Landlord shall timely pay all invoices from such utility service providers. Tenant shall reimburse Landlord, or Landlord's appointed intermediary, for the utility services consumed at the Premises no later than thirty (30) days from receipt of an invoice for such utility services, which shall include units consumed at the Premises during such billing period. |
|  | Upon request, Tenant shall deliver to Landlord data regarding Tenant's utility usage at the Premises as required by law, or as reasonably required for Landlord to manage the Project. Tenant can satisfy this requirement by either: (a) providing written consent for Landlord to obtain the information directly from the utility or (b) providing the data to Landlord in an acceptable electronic format. |

---

&nbsp;&nbsp;&nbsp;&nbsp;**8.**  **<u>Taxes</u>** .
 Landlord shall pay all taxes, assessments, governmental charges, fees or payments to
 a governmental authority in lieu of taxes that accrue during the Term against the tax
 parcel on which the Premises is located, as well as reasonable fees payable to tax consultants
 and attorneys for consultation and contesting taxes, along with any capital levies, franchise,
 excise, use, margin, transaction, sales or privilege tax, assessment, levy or charge
 measured by or based upon the value of the Premises and/or the Project, or assessed upon
 the Base Rent or FOE (collectively, "**Taxes** "). Tenant shall pay Tenant's
 Share of Taxes pursuant to Section 5. Tenant shall not be liable for any gift taxes,
 estate taxes, or income taxes imposed on Landlord unless such income taxes are in substitution
 for any Taxes. Tenant shall pay directly to the taxing authority any tax levied or assessed
 directly against Tenant, its property or fixtures placed in the Premises, or resulting
 from any Tenant-Made Alterations (defined below), even if levied or assessed against
 Landlord.

---

| | |
|:---|:---|
| **9.** | **<u>Insurance</u>**. Landlord shall maintain all risk property insurance covering the Building and improvements placed in the Common Areas by Landlord and commercial general liability insurance in forms and amounts customary for properties substantially similar to the Project. Landlord's insurance may be included in a blanket policy or captive insurance program. |
|  | Without limiting Tenant's liability under this Lease, Tenant shall maintain the following insurance at Tenant's expense: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) commercial
 general liability, on an occurrence basis, having a minimum limit of $2,000,000 per occurrence
 naming Landlord, Prologis, Inc., its affiliates, and property manager (if any) as additional
 insureds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all-risk
 property covering the full replacement cost of all property and improvements placed at
 the Project by or on behalf of Tenant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) workers'
 compensation as required by applicable state statute;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) employers
 liability coverage of $500,000, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) business
 automobile liability for owned, hired or non-owned vehicles having a combined single
 limit of $1,000,000 per occurrence.

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;Tenant's insurance shall provide primary and non-contributory coverage to Landlord Parties with respect to Tenant's indemnity obligations. Tenant's insurance requirements may be satisfied by a combination of primary and excess policy limits, or an umbrella policy. Tenant shall provide Landlord with certificates of such insurance prior to Tenant taking possession of the Premises, and thereafter prior to the expiration of any insurance coverage or 5 days following Tenant's receipt of Landlord's request. |
| &nbsp;&nbsp;&nbsp;The all-risk property and workers' compensation insurance shall include a waiver of subrogation in connection with any insured loss by the insurers and all rights based upon an assignment from its insured, against Landlord, its agents, employees, contractors, or property manager (collectively the "**Landlord Parties**"), or Tenant, its agents, employees, contractors, subtenants, assigns, or invitees (collectively the "**Tenant Parties**"), as applicable. No Landlord Parties or Tenant Parties shall be liable to any other Landlord Parties or Tenant Parties for any loss coverable by all risk property insurance, and each party waives claims against the Landlord Parties and Tenant Parties (as applicable) for such loss. The failure of either party to insure its property shall not void this waiver. Notwithstanding anything contained herein to the contrary, Tenant shall be solely responsible for all property of any kind, owned or unowned, placed at the Project by or on behalf of Tenant. The Landlord Parties and Tenant Parties waive any claims against the other for business interruption loss from any cause whatsoever, including losses caused in whole or in part, directly or indirectly, by the negligent acts of the other party. |

---

---

| | |
|:---|:---|
| **10.** | **<u>Landlord's Repairs and Maintenance</u>**. Landlord shall, at Landlord's sole cost subject to the express terms hereof, maintain, repair, and replace in good working order the (a) structural elements of the Building (including the exterior walls), (b) roof (including roof membrane), (c) Common Areas (including lighting and snow removal to the extent consistent with market practice), (d) Building fire sprinkler system, (e) existing exterior wall windows, (f) exterior personnel doors, (g) office area ceiling tiles, (h) hot water heaters (i) ventilation, and air conditioning units serving the office area of the Premises, (j) exterior louvers and ventilation fans for standard warehouse air changes, heating and evaporative cooler systems serving the warehouse area of the Premises ((i) and (j) collectively the "Landlord HVAC"), and (k) non-exclusive water, sewerage, plumbing and electrical systems outside of the Premises. Landlord shall also complete a bi-annual preventative maintenance service of all dock doors, dock levelers, and dock restraints and bumpers serving the Premises. Tenant shall promptly give Landlord Notice of any required repairs hereunder. |
|  | Landlord's obligations hereunder shall expressly exclude any work necessary due to misuse or damage by Tenant Parties or resulting from Tenant-Made Alterations or Tenant's other improvements to the Premises. Subject to Sections 9 and 15, Tenant shall reimburse Landlord within 30 days of Notice for the cost of any such work described in the preceding sentence. |

---

&nbsp;&nbsp;&nbsp;&nbsp;**11.**  **<u>Tenant's Repairs</u>** . Subject to Sections 9, 10, and 15, Tenant, at its expense, shall maintain,
 repair, and replace in good working order all areas, improvements and systems exclusively
 serving the Premises including dock equipment, non-structural elements of the floor slab,
 interior doors, above ground water and sewer lines, and Tenant HVAC and related components.
 "**Tenant HVAC**" means HVAC systems installed by Tenant, specialty HVAC
 equipment (including IT room HVAC and for temperature-controlled product), and warehouse
 air conditioning systems other than Landlord HVAC. If Tenant fails to perform any work
 required hereunder within 30 days from Notice, Landlord may perform such work and Tenant
 shall reimburse Landlord for such cost, along with a 5% administrative fee, within 30
 days of Notice.

---

| | |
|:---|:---|
| **12.** | **<u>Tenant-Made Alterations and Trade Fixtures</u>.** All alterations, additions, or improvements made to the Premises by, or on behalf of, Tenant (excluding the Initial Improvements) are herein referred to as "**Tenant-Made Alterations**". Landlord's prior written consent is required for Tenant-Made Alterations, provided that Tenant may make interior Tenant-Made Alterations to the Premises up to $25,000 per instance that do not impact the structure or mechanical systems of the Building without Landlord's consent. Where Landlord's consent is not required, Tenant shall provide Landlord prompt Notice of such Tenant-Made Alterations accompanied by plans and specifications. Upon completion of any Tenant-Made Alterations, Tenant shall deliver to Landlord final lien waivers from all contractors and subcontractors who provided services or materials for the Tenant-Made Alterations and as-built plans (if applicable). |
|  | Without Landlord's approval, Tenant may erect or install shelves, racking, machinery and trade fixtures in the Premises (collectively "**Trade Fixtures**"), provided such items: (i) do not overload the slab, (ii) may be removed without materially damaging the Premises, and (iii) comply with all Legal Requirements (defined in Exhibit B). Upon Lease termination, Tenant, at its expense, shall remove all Trade Fixtures and Tenant-Made Alterations (except those which Landlord has identified by Notice to Tenant shall remain as Landlord's property), and repair any damage to the Premises caused by such removal. Upon Tenant's written request, Landlord shall provide Tenant a list of Tenant-Made Alterations which the Landlord will allow to remain upon the Expiration Date. |

---

&nbsp;&nbsp;&nbsp;&nbsp;**13.**  **<u>Signs</u>** .
 All exterior signage shall require Landlord's prior written consent. Tenant, at
 its expense, shall: (a) comply with Legal Requirements and Landlord's signage program,
 and (b) remove all Tenant signage and repair any damaged surfaces upon Lease termination.

&nbsp;&nbsp;&nbsp;&nbsp;**14.**  **<u>Parking</u>** .
 Tenant may park vehicles in Common Areas designated for non-reserved parking and may
 park vehicles and trailers overnight at the docks and in designated trailer parking areas
 for the Premises. Landlord may allocate parking spaces among Tenant and other tenants
 of the Project in an equitable manner; provided Landlord shall not allocate any parking
 spaces to other tenants which may reduce Tenant's pro rata share of the Common Area parking.
 Landlord is not responsible for enforcing Tenant's parking rights.

&nbsp;&nbsp;&nbsp;&nbsp;**15.**  **<u>Restoration</u>.** If the Premises is damaged by a casualty (the "**Casualty Damage** "),
 Landlord shall notify Tenant of its reasonable estimate for restoration time (the "**Restoration Notice**") within 60 days of the Casualty Damage. If the restoration time is estimated
 to exceed 6 months, or if the estimated restoration time exceeds 30 days during the last
 year of the Term (each a "**Casualty Termination Event** "), either Landlord
 or Tenant may elect to terminate this Lease by Notice to the other party delivered within
 30 days after the Restoration Notice and Monthly Base Rent, FOE, and Monthly Taxes shall
 be apportioned as of the termination date. If the Lease is not so terminated, or if there
 is no Casualty Termination Event, then Landlord shall restore the Premises, excluding
 any Tenant-Made Alterations and Trade Fixtures. Commencing on the date of the Casualty
 Damage until the completion of Landlord's restoration work, Monthly Base Rent,
 FOE, and Monthly Taxes shall be abated in proportion to the Premises, if any, which is
 not usable by Tenant. Such abatement is the sole remedy of Tenant, and Tenant waives
 any right to terminate this Lease by reason of Casualty Damage except as provided above.
 Notwithstanding anything in this Lease to the contrary, with respect to any damage to
 the Project caused by Tenant Parties, Tenant shall pay Landlord's all-risk property
 insurance deductible, not to exceed $25,000 per occurrence, within 30 days following
 Notice.

&nbsp;&nbsp;&nbsp;&nbsp;**16.**  **<u>Condemnation</u>** .
 If the Premises is taken by eminent domain, or by a purchase in lieu thereof (each a
 "**Taking**" or "**Taken** "), or a portion of the Project is
 Taken such that Landlord cannot reasonably operate the Project, this Lease shall terminate
 upon Notice by Landlord and Monthly Base Rent, FOE, and Monthly Taxes shall be apportioned
 as of the date of such termination. If a portion of the Premises is Taken and: (a) the
 Lease is not terminated by Landlord; (b) the remaining Premises cannot reasonably be
 used by Tenant for the uses authorized herein, as reasonably determined by Landlord and
 Tenant, and (c) such area is not replaced by Landlord with reasonably equivalent space
 in the proximity of the Premises, Tenant shall have the right to terminate this Lease,
 effective on the date of the Taking, by Notice to Landlord no later than 30 days from
 Notice of such Taking. If part of the Premises is Taken but the Lease is not terminated,
 this Lease shall terminate with respect to the portion Taken and Monthly Base Rent and
 FOE shall be proportionately reduced. Landlord is entitled to the entire purchase price
 or award from a Taking. Tenant may make a separate claim against the Taking authority
 (but not Landlord) for such compensation as may be separately awarded or recoverable
 by Tenant.

---

| | |
|:---|:---|
| **17.** | **<u>Assignment and Subletting</u>**. Tenant shall not assign, mortgage or pledge its interest in this Lease or sublease the Premises without Landlord's prior written consent, and any attempt to do so shall be an immediate Event of Default. Any assignment or sublease shall be subject to the terms of this Lease, and Tenant, any guarantor of Tenant's obligations, and Tenant's successor and assigns shall remain liable for Tenant's obligations under this Lease. In the event of a proposed assignment or sublease, Tenant shall provide Landlord the proposed assignee or sublessee's name, a description of its business, its financial information, and such other information as Landlord may reasonably request. A transfer of the ownership interests controlling Tenant shall be deemed an assignment of this Lease unless the interests are publicly traded. |
|  | Provided no Event of Default has occurred and is continuing, Tenant may, without Landlord's prior written consent: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) assign
 this Lease, or sublet the Premises, to any entity controlling Tenant, controlled by Tenant
 or under common control with Tenant (a "**Tenant Affiliate** "); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) assign
 this Lease to any entity into which Tenant is merged or consolidated, or to any entity
 to which substantially all of Tenant's stock or assets are transferred, provided
 the following conditions are met (each a "**Permitted Transfer**" or a
 transferee thereof a "**Permitted Transferee** "):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** the
 Permitted Transfer does not adversely affect the legal existence of the Tenant, or such
 surviving entity agrees to assume all obligations and liabilities of Tenant under the
 Lease; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** the
 Permitted Transfer does not reduce the tangible net worth of the Tenant hereunder after
 giving effect to the transfer.

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;Tenant shall provide prior Notice (together with supporting documentation) to Landlord at least 30 days prior to any assignment or sublease to a Tenant Affiliate or to any Permitted Transfer. |
| &nbsp;&nbsp;&nbsp;If Tenant delivers Notice to Landlord of a desire to assign this Lease, or sublet a majority the Premises (other than to a TenantAffiliate or a Permitted Transferee), Landlord may terminate this Lease with respect to the area of the Premises described in Tenant's Notice by Notice sent within 30 days of Landlord's receipt of the request. Tenant may withdraw its Notice to sublease or assign by notifying Landlord within 10 days after Landlord has given Tenant Notice of such termination, in which case the Lease shall not terminate. |
| &nbsp;&nbsp;&nbsp;If monthly base rent due from a sublessee exceeds Monthly Base Rent payable hereunder, Tenant shall pay to Landlord 50% of such excess (less Tenant's reasonable and customary costs with respect to such sublease) within 30 days of receipt. Landlord may collect rent from a subtenant or any occupant and apply the amount collected to the next installment of rent hereunder. |
| &nbsp;&nbsp;&nbsp;If Tenant receives consideration for an assignment or transfer of this Lease to a third party (excluding Tenant Affiliates and Permitted Transferees), Tenant shall pay Landlord 50% of the value of all such consideration withing 30 days of receipt. |

---

&nbsp;&nbsp;&nbsp;&nbsp;**18.**  **<u>Indemnification</u>** .
 Tenant shall indemnify, defend, and hold harmless Landlord Parties from and against all
 losses, liabilities, damages, costs and expenses (including reasonable attorneys' fees)
 resulting from third party claims for personal injuries, damage, theft, or loss of property
 occurring at the Project, or liens which arise from: (a) the use and occupancy of the
 Premises by Tenant Parties, or (b) any other act or omission of Tenant Parties, except
 to the extent of the negligence or willful misconduct of Landlord Parties. Tenant's
 obligations under this Section shall survive the Expiration Date or earlier Lease termination.

&nbsp;&nbsp;&nbsp;&nbsp;**19.**  **<u>Inspection, Data, and Access</u>** . Landlord and its designated appointees may enter the Premises
 at reasonable times to perform its obligations hereunder and for reasonable business
 purposes (including showing the Premises to potential tenants during the last year of
 the Term). Landlord shall provide Tenant with at least 24 hours' telephonic and/or
 email notice prior to entering the Premises, except in the event of an emergency. Landlord
 may grant easements, make public dedications, modify the Common Areas, and create restrictions
 affecting the Project (collectively, "**Encumbrances** "), provided that
 the Encumbrances do not materially interfere with Tenant's authorized use of the Premises,
 or result in additional financial obligations to Tenant. Tenant shall execute reasonable
 documents necessary for the Encumbrances. Landlord may install sensors, meters, and other
 devices (collectively "**Devices**") in the Premises that collect operational
 efficiency data for the Project (the "**Data** "). The Devices shall not:
 (a) materially interfere with Tenant's use of the Premises, (b) include cameras, video,
 or voice recording devices, (c) collect employee data, or (d) track people, equipment,
 or inventories. Landlord shall own all rights, title and interest in the Data. Upon request,
 Landlord shall provide Tenant access to the Data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20.**  **<u>Surrender</u>** .
 On the Expiration Date, or earlier termination of the Lease or Tenant's right of
 possession, Tenant shall: (a) surrender the Premises to Landlord in the same condition
 as received, ordinary wear and tear, casualty loss and condemnation excepted, and (b)
 remove all Trade Fixtures, Tenant-Made Alterations (except those designated by Landlord
 to remain), and property placed in the Premises by Tenant. Property not so removed shall
 be deemed abandoned and may be kept in place, removed and stored, or disposed of at Tenant's
 expense. If Tenant fails to comply with this Section, Landlord may complete such obligations,
 and Tenant shall reimburse Landlord for the costs thereof within 30 days of Notice. Tenant's
 obligations under this Lease shall survive the expiration or earlier termination of the
 Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21.**  **<u>Holding Over</u>** . Possession of the Premises by Tenant after Lease termination shall not
 extend the Term and such possession shall be immediately terminable. All terms of this
 Lease shall be applicable during such holdover period except: (a) any expansion, renewal,
 or similar option shall be null and void, and (b) Monthly Base Rent shall be 200% of
 Monthly Base Rent in effect immediately prior to the holdover period. In addition, if
 Landlord provides Tenant with Notice that Landlord is then in negotiations with another
 prospective tenant, Tenant shall be liable for all damages resulting from such holding
 over. Tenant shall be deemed to be holding over until Landlord has legal possession of
 the Premises, and Tenant has surrendered the Premises in the condition and repair required
 by this Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22.**  **<u>Events of Default</u>** . Each of the following shall be an event of default ()"**Event of Default**") by Tenant:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)**Failure to pay any installment of Monthly Base Rent, FOE, Monthly Taxes, or any other payment, within 5 days after Notice from Landlord.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)**Tenant or any guarantor: (i) makes an assignment for the benefit of creditors; (ii) seeks an order for relief entered on its behalf as a debtor, or to adjudicate it as bankrupt; (iii) seeks reorganization, liquidation, or dissolution of it, or its debts; or (iv) seeks an appointment of a receiver, trustee, or custodian for it, or its property (collectively a "**Proceeding for Relief**"); (v) becomes subject to an involuntary Proceeding for Relief not dismissed for more than 90 days; or (vi) is dissolved or fails to maintain its legal existence without timely reinstatement prior to the effective date of dissolution or failure of legal existence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)**Failure to maintain insurance or to timely deliver certificate of insurance, in each case as required by Section 9 (without limitation, including the Notice and cure periods called for therein), shall be an immediate Event of Default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)**Failure to comply with any other provision of this Lease for more than 30 days after Notice from Landlord, except as otherwise provided herein (said Notice being in lieu of, and not in addition to, any notice required as a prerequisite to a forcible entry, detainer or similar action for possession of the Premises); provided, Tenant shall not be in default under this Section 22(d) as long as Tenant has promptly undertaken cure of such default within the 30 day period, and thereafter continuously pursues to cure such default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)**The occurrence of any Event of Default otherwise specifically set forth in this Lease.

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| | |
|:---|:---|
| **23.** | **<u>Landlord Remedies</u>**. Upon an Event of Default, Landlord may elect to: (i) terminate this Lease, (ii) terminate Tenant's right of possession of the Premises (but Tenant shall remain liable as hereinafter provided), and/or (iii) pursue any remedies at law or in equity. Upon Lease termination, or termination of Tenant's right of possession, Landlord may re-enter the Premises by any process authorized by law, and remove Tenant, and all persons and property therefrom. |
|  | If Landlord terminates this Lease, Landlord may recover from Tenant the sum of: (a) all Monthly Base Rent, FOE, Monthly Taxes, and all other amounts payable by Tenant which have accrued up to termination; (b) the cost of reletting the Premises, including the unamortized leasing commissions, costs of removing and storing property, and costs of repairing or altering the Premises in order to re-lease the Premises; (c) reasonable attorneys' fees and court costs; and (d) the excess of the then present value of the Monthly Base Rent, Monthly Taxes, FOE, and other amounts payable by Tenant under this Lease applicable to the period following the termination of this Lease through the Expiration Date, over the present value of any amounts which Tenant establishes Landlord can reasonably expect to recover by reletting the Premises during such period, taking into consideration the availability of acceptable tenants consistent with Landlord's leasing criteria and other market conditions. Such present values shall be calculated at a discount rate equal to the 90-day U.S. Treasury bill rate at the date of the termination. |
|  | If Landlord terminates Tenant's right of possession (but not this Lease), Landlord shall use commercially reasonable efforts to relet the Premises without releasing Tenant from any liability hereunder; provided: (a) Landlord shall not be obligated to accept a Tenant-proposed tenant, and (b) Landlord shall have the right to first lease any available space controlled by Landlord, or an affiliate of Landlord. Any reletting of the Premises shall be on terms and conditions acceptable to Landlord in its sole, but reasonable discretion. Subject to the foregoing, Landlord shall not be liable, nor shall Tenant's obligations be reduced, as a result of Landlord not reletting the Premises. Landlord shall have the right to make repairs and alterations to the Premises as Landlord deems necessary in order to relet the Premises. If the Premises is not relet, all amounts accruing under this Lease shall continue to be due and Tenant shall pay to Landlord, as damages, a sum equal to: (1) any Monthly Base Rent, FOE, and Monthly Taxes or other amounts unpaid by Tenant at the time of repossession; (2) the cost of recovering possession of the Premises (including reasonable attorneys' fees and court costs); and (3) costs incurred by Landlord to relet the Premises. If the Premises is relet, and the total rent and expenses payable by such replacement tenant (after first deducting (1) through (3) of the prior sentence) does not equal Monthly Base Rent, FOE, and Monthly Taxes payable by Tenant, Tenant shall immediately pay any such deficiency to Landlord upon Notice. Notwithstanding any reletting without termination, Landlord may elect to terminate this Lease for a previous Event of Default at any time with Notice. |

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Landlord's exercise of any remedies shall not be deemed an acceptance of surrender of the Premises or a Lease termination. Neither party's failure to enforce its rights under this Lease strictly in accordance the terms hereof shall modify this Lease, create a custom contrary to the specific provisions of this Lease or, absent a signed notice, result in a waiver of its rights or remedies in connection with any subsequent Event of Default, even if a party accepts payments with knowledge of the breach. Tenant waives all right of redemption following Lease termination, or Tenant's right of possession, by a judgment of any court. If Landlord reenters the Premises, Landlord, at Tenant's expense, shall have the right to keep in place, remove and store, or dispose of, all property at the Premises.

&nbsp;&nbsp;&nbsp;&nbsp;**24.**  **<u>Tenant Remedies</u>** . Landlord shall be in default of this Lease if Landlord fails to perform
 any of its Lease obligations within 30 days after Notice from Tenant specifying such
 failure; provided, Landlord shall not be in default as long as Landlord has promptly
 undertaken cure of such default within the 30-day period and thereafter continuously
 pursues such cure. All Landlord obligations shall be covenants, not conditions. Tenant
 may not terminate this Lease as a result of a default by Landlord, but Tenant shall be
 entitled to all remedies available at law or in equity. The term "Landlord"
 means only the then-current owner of the Premises. In the event of an assignment of the
 Lease by Landlord, the assignor shall be released from all Landlord's obligations
 accruing thereafter under this Lease, and such obligations shall be binding on each new
 assignee for the duration of such assignee's ownership. Any liability of Landlord
 shall be limited solely to its interest in the Premises, and in no event shall Tenant
 have recourse against any other assets of Landlord.

&nbsp;&nbsp;&nbsp;&nbsp;**25.**  **<u>Subordination</u>** .
 Tenant's interest under this Lease is subject and subordinate to any lien of an existing
 or future mortgage to which the Premises is subject, and all amendments thereto, and
 Tenant shall promptly execute and deliver reasonable instruments to the holders thereof
 to confirm Tenant's subordination and attornment. The term "mortgage"
 as used herein shall include ground leases, deeds of trust, security assignments, and
 any other encumbrances. Any reference to the "holder" of a mortgage shall include
 a ground lessor and the beneficiary under a deed of trust. Notwithstanding the foregoing,
 Tenant shall not be obligated to execute an instrument subordinating this Lease or Tenant's
 interest in the Premises with respect to a future mortgage unless the holder of such
 mortgage agrees not to disturb Tenant's possession of the Premises absent an Event of
 Default.

&nbsp;&nbsp;&nbsp;&nbsp;**26.**  **<u>Mechanic's Liens</u>** . Tenant shall not allow any lien or encumbrance to be placed upon the Project
 due to services or materials provided at any Tenant Parties' request. Tenant shall
 give Landlord prompt Notice of any such lien or encumbrance and cause the lien or encumbrance
 to be discharged, or bonded over, within 30 days Tenant's knowledge (which may
 be by Notice) of the filing or recording thereof. Tenant's failure to discharge
 the lien within the 30-day period shall be deemed an immediate Event of Default.

&nbsp;&nbsp;&nbsp;&nbsp;**27.**  **<u>Estoppel Certificates</u>** . Within 10 days of Landlord's request Tenant shall execute
 and deliver to Landlord an estoppel certificate containing customary provisions. Tenant's
 failure to deliver an estoppel certificate within the 10-day period shall constitute
 an immediate Event of Default.

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| | |
|:---|:---|
| **28.** | **<u>Environmental Requirements</u>**. Tenant shall not and shall not allow any party to introduce, store, use, manufacture, or release any Hazardous Material at the Project without Landlord's prior written consent except for Hazardous Materials contained in: (a) small quantities of (i) cleaning products and (ii) office products; (b) forklift fuel; and (c) products stored in their original, sealed, and unopened containers. |
|  | Tenant, at its expense, shall: (i) strictly comply with all Environmental Requirements, including all reporting obligations imposed by applicable Environmental Requirements in the capacity as "operator" of Tenant's "facility" and the "owner" (as such terms are used in applicable Environmental Requirements) relating to all Hazardous Materials brought onto the Project by Tenant Parties, and the wastes, by-products, or residues resulting therefrom, or extracted from the Project; (ii) promptly provide copies of any |

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| | |
|:---|:---|
|  | documentation relating to Hazardous Materials at the Project which Tenant receives or sends; (iii) promptly and diligently remediate to Landlord's reasonable satisfaction any Hazardous Materials released on, or from, the Project by Tenant Parties; (iv) promptly notify Landlord in writing of any spill, release, discharge, or disposal of Hazardous Material in, on, or under the Project; and (v) promptly complete and deliver any disclosure or certification requested by Landlord concerning Tenant Parties' storage, use, manufacture or release of Hazardous Materials in, on, or about the Project. Tenant shall be strictly liable to Landlord for Tenant Parties' storage, use, manufacturing, or release of Hazardous Materials at the Project without regard to the fault or negligence of any other party. Notwithstanding any Notice and cure periods provided herein, Tenant shall promptly commence and diligently pursue its remediation obligations as provided herein. The term "**Environmental Requirements**" means all applicable statutes, regulations, ordinances, rules, codes, judgments, orders, or other similar enactments of any governmental authority or agency regulating or relating to health, safety, or environmental conditions, including the following: the Comprehensive Environmental Response, Compensation and Liability Act; the Resource Conservation and Recovery Act; and all state and local counterparts thereto, and any regulations or policies promulgated or issued thereunder. The term "**Hazardous Materials**" means any substance, material, waste, pollutant, asbestos, radioactive materials, petroleum, or contaminant regulated by any Environmental Requirements. |
|  | Tenant shall have no liability to Landlord as to Hazardous Materials on the Project that were caused or permitted by any party other than Tenant Parties except to the extent of any loss, cost, or damage to Landlord arising from Tenant's exacerbation of same. |
|  | If Tenant discovers Hazardous Materials at the Project that are in violation of Environmental Requirements, Tenant shall promptly notify Landlord, and provide all related information in its possession or control with respect to such Hazardous Materials. If the presence of such Hazardous Materials is not the result of Tenant Parties, and such Hazardous Materials violate Environmental Requirements, Landlord shall take commercially reasonable actions, at its expense, to remediate, or cause the responsible party to remediate, such Hazardous Materials in compliance with Environmental Requirements. Once Landlord obtains a letter from a qualified environmental professional, or an appropriate governmental authority, that no further remediation is required for the intended use of the Project, Landlord shall be deemed to have satisfied its obligations under this paragraph. |
|  | Tenant shall indemnify, defend, and hold harmless Landlord Parties from and against any and all losses, liabilities, damages, costs and expenses (including reasonable attorney, fees) resulting from any claims, demands, actions, or suits of any kind brought against Landlord which arise from: (a) any release of Hazardous Materials on, or from, the Project by Tenant Parties, or (b) Tenant Parties' breach of, or noncompliance with, this Section, regardless of whether Tenant had knowledge of such noncompliance. Tenant's obligations under this Section shall survive the Expiration Date or earlier Lease termination. |
| **29.** | **<u>Force Majeure</u>**. Neither party shall be responsible for delays in the performance of its obligations hereunder, whether foreseen or unforeseen, caused by labor disputes, acts of God, inability to obtain labor or materials, governmental restrictions, delay in issuance of permits, civil commotion, casualty, pandemic or epidemic, or other causes beyond the reasonable control of Landlord or Tenant ("**Force Majeure**"). Force Majeure shall not apply to monetary obligations. |
| **30.** | **<u>Entire Agreement</u>.** This Lease, together with the exhibits, constitutes the entire agreement between the parties with respect to this subject. Any prior agreements, promises, negotiations, or representations are superseded. In the event of any conflict between the exhibits and this Lease, the exhibits shall control. This Lease may only be amended in writing signed by both parties. |
| **31.** | **<u>Severability</u>**<u>.</u> If any clause of this Lease is deemed to be illegal, invalid or unenforceable, then such clause shall be replaced with a valid clause of similar meaning and the remainder of this Lease shall not be affected. |
| **32.** | **<u>Brokers</u>**. Other than the Brokers (if any), no other broker or agent was involved in this transaction. Each party agrees to indemnify and hold the other harmless from and against any claims by any other broker claiming compensation as a result of dealing with the indemnifying party relating to this Lease. Landlord shall pay the Tenant Broker (if any) a leasing commission for this Lease, which shall be paid in accordance with a separate written agreement. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**33.**  **<u>Miscellaneous</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)** **TIME IS OF THE ESSENCE AS TO THE PERFORMANCE OF TENANT'S AND LANDLORD'S OBLIGATIONS UNDER THIS LEASE.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b)** Any
 amounts payable by Tenant to Landlord shall be deemed additional rent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**c)** Any
 "Notice" required under this Lease shall be in writing and sent to the addresses
 in Section 1 by registered or certified mail, return receipt requested, or by a reputable
 national overnight courier service (postage prepaid), or hand delivery. Notice shall
 be deemed given upon delivery or refusal of delivery. Either party may change its Notice
 address(es) upon delivery of Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**d)** Except
 as otherwise stated herein, where approval or consent is required hereunder, such approval
 or consent shall not be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**e)** In
 the event of: (i) an Event of Default or (ii) Landlord's need to complete financing
 on, or the sale of, the Project, or (iii) an assignment of the Lease or subletting of
 the Premises by Tenant, Tenant shall deliver to Landlord complete copies of its most
 recent annual financial statements prepared by Tenant upon request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**f)** Neither
 this Lease, nor a memorandum of lease, shall be recorded by Tenant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**g)** The
 laws of the state in which the Project is located shall govern this Lease, without regard
 to any principles of conflicts of laws. The rule of construction that any ambiguities
 are to be resolved against the drafting party shall not apply to this Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**h)** This
 Lease shall not be binding until full execution and delivery of this Lease by both parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**i)** Any
 amount not paid by Tenant when due shall bear interest until paid in full at the lesser
 of the highest rate permitted by applicable law, or 15 percent per year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**j)** In
 the event either party initiates litigation to enforce the terms and provisions of this
 Lease, the non-prevailing party shall reimburse the prevailing party for its reasonable
 attorney's fees, filing fees, and court costs. The phrase "**prevailing party** "
 includes a party who substantially receives the relief desired whether by dismissal,
 summary judgment, or otherwise

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**k)** Landlord
 shall have the right to place energy installations, including, but not limited to, solar
 systems, battery storage facilities, and electric vehicle charging facilities, on the
 Building or the Project, or to enter into a lease allowing a third party the right to
 install and operate an energy installation on the Building or the Project; provided such
 energy installation does not unreasonably and adversely impact Tenant's use of
 the Premises, or result in additional costs to Tenant. Tenant waives all rights to any
 environmental attributes or incentives resulting from an energy technology installation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**l)** This
 Lease may be executed in counterparts, each of which shall be considered an original
 but all of which shall constitute one and the same agreement. The signature of a party
 transmitted electronically (e.g., e-signature) or by facsimile, PDF and/or other electronic
 image file format, shall have the same force and effect as an original signature. Following
 execution, a PDF (or similar image file format) of this Lease (whether signed electronically
 or in ink) shall be considered to be the original agreement for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**m)** Landlord
 and Tenant each represent to the other that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** Neither
 it, nor any person or entity that directly owns a 10% or greater equity interest in it
 nor any of its officers, directors or managing members is a person or entity with whom
 U.S. persons or entities are restricted from doing business under regulations of the
 Office of Foreign Asset Control ()"**OFAC**") of the Department of the
 Treasury, including those parties names on the OFAC's Specially Designated and
 Blocked Persons List and those covered pursuant to Executive Order 13224 signed on September
 23, 2001, entitled "Blocking Property and Prohibiting Transactions with Persons
 Who Commit, Threaten to Commit, or Support Terrorism", or other governmental action;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** Its
 activities do not violate the International Money Laundering Abatement and Financial
 Anti-Terrorism Act of 2001 or USA Patriot Act, or the regulations or orders promulgated
 thereunder (as amended from time to time).

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| | |
|:---|:---|
| **34** | **<u>WAIVER OF JURY TRIAL</u>. TENANT AND LANDLORD WAIVE ANY RIGHT TO TRIAL BY JURY, OR TO HAVE A JURY PARTICIPATE, IN RESOLVING ANY DISPUTE ARISING OUT OF THIS LEASE, OR ANY OTHER DOCUMENT, OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION WITH THIS LEASE** |

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**[REMAINDER OF PAGE INTENTIONALLY BLANK; SIGNATURE PAGE FOLLOWS]** 

IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the Effective Date.

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| | |
|:---|:---|
| **TENANT:** | **LANDLORD:** |

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| | |
|:---|:---|
| Arizona Turf Depot, LLC, an Arizona limited liability company | PROLOGIS USLV SUBREIT 4, LLC<br> a Delaware limited liability company |
| By: /s/ Anthony Merlino | By: /s/ Lisa Brady |
| Anthony Merlino | Lisa M. Brady, Vice President of Prologis, Inc.. |
|  | a Maryland corporation |
| Its: Member |  |

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**<u>EXHIBIT A: SITE PLAN</u>**

![](image_017.jpg)

**<u>EXHIBIT B: RULES, REGULATIONS, AND LEGAL REQUIREMENTS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Tenant
 shall not conduct any public sale at the Premises, use the Premises as a place of public
 accommodation under Legal Requirements, permit any nuisance at the Premises, or use the
 Premises in conflict with any laws, orders, judgments, permits, licenses, and Encumbrances
 now or hereafter applicable to the Project (collectively, "**Legal Requirements** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. To
 the extent required or necessitated by Legal Requirements, Tenant shall, at its expense,
 make all modifications to the Project that are due to Tenant's specific use of the Premises
 or Tenant-Made Alterations (but excluding those part of, or specifically necessitated
 due to, the Initial Improvements), and Landlord, at Landlord's expense, shall make
 all other modifications to the Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Tenant
 Parties shall not obstruct the sidewalk, entries, and driveways of the Project or use
 them for any purpose other than ingress and egress to and from the Premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Except
 as expressly provided in the Lease, Tenant shall not place property in areas outside
 of its Premises or on the roof of the Building.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. No
 animals shall be allowed in the Premises except for service dogs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Tenant
 shall not install or operate any steam or gas boiler at the Project. The use of oil,
 gasoline, or flammable liquids for heating or lighting is expressly prohibited. Explosives
 or other articles deemed extra hazardous shall not be brought into the Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Parking
 of recreational vehicles or boats is specifically prohibited at the Project. Parking
 cars or trucks inside the Building is prohibited. In no event shall inoperable vehicles
 be parked at the Project, or any vehicles or trailers be parked in a manner that causes
 interference with access to the Common Areas at the Project, nor shall any "For
 Sale" sign be displayed on any vehicle. No repair, maintenance or washing of vehicles
 shall take place on the Project. All vehicles shall be parked in designated parking areas
 in conformity with all signs and other markings. Failure to comply with any of the parking
 requirements in this Lease (a "**Parking Default**") which continues for
 more than 3 days from Landlord's Notice to cease such Parking Default shall result
 in Landlord having the right to tow non-compliant vehicles at Tenant's cost without
 liability to Landlord. Landlord may hire a parking management company to enforce these
 parking terms. Tenant shall reimburse Landlord for all costs incurred with respect to
 such Parking Default no later than thirty (30) days from receipt of an invoice for such
 amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Tenant
 shall maintain the Premises free from rodents, insects and other pests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Landlord
 reserves the right (but not the obligation) to exclude or expel any person who is intoxicated,
 under the influence of alcohol or drugs, or that should harass or threaten Landlord's
 employees, contractors or other occupants, or who otherwise violates this Exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. All
 moveable trash receptacles provided by the trash disposal firm must be kept closed at
 all times and in designated areas.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. The
 Premises shall not be used for lodging, sleeping or cooking (other than kitchenette or
 break room use) or for any immoral or illegal purposes. No gaming devices shall be operated
 in the Premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Tenant
 shall not permit marijuana to be grown, sold, dispensed, or consumed at the Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. Tenant
 shall not permit smoking in the Premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Prior
 to accessing the roof of the Building, Tenant shall notify Landlord of the date of such
 requested access. During such periods of access, Tenant shall follow all Legal Requirements
 and use all reasonable and appropriate safety precautions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Tenant
 shall not use any part of the Premises to store or handle firearms, firearms accessories
 or ammunition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Tenant
 shall not permit any effluent discharge from the Project and shall not engage in any
 use of the Project that would impact any effluent mitigation system in place at the Project.

**<u>EXHIBIT C: STATE SPECIFIC PROVISIONS</u>**

**Section 12, captioned "TENANT-MADE ALTERATIONS AND TRADE FIXTURES," is revised to include the following:** 

In accordance with Nevada Revised Statutes 108.234(2), Tenant agrees that Landlord's interest in the Premises and the Building shall not be subject to, and shall be immune from, the attachment of any lien arising as a result of the Tenant-Made Alterations, including any improvement, construction, alteration or repair in the Premises by Tenant, if Landlord, within three (3) days after obtaining knowledge of the construction, alteration or repair, or the intended construction, alteration or repair, gives notice that Landlord will not be responsible for the improvement by recording a notice in writing to that effect with the Official Records of Clark County, Nevada ("Notice of Non-responsibility") in the form of Schedule 1 attached hereto. The Notice of Non-responsibility shall be deemed timely recorded within three (3) days immediately following the effective date of the Lease or by the date of the execution of this Lease by all parties, whichever occurs first. Each Notice of Non-responsibility recorded pursuant to Nevada Revised Statutes 108.234 shall set forth the information required in Nevada Revised Statutes 108.234(3) and shall be served by personal delivery or by certified mail, return receipt requested (1) upon Tenant within ten (10) days after the date on which the Notice of Non-responsibility is recorded and (2) upon the prime contractor within ten (10) days after the date on which Tenant contracts with the prime contractor for the construction, alteration or repair of the work of improvement.

**Section 12 is further revised to include the following:** 

In accordance with Nevada Revised Statutes 108.234, Landlord hereby informs Tenant that, prior to undertaking any Tenant-Made Alterations, Tenant must comply with the requirements of Nevada Revised Statutes numbers 108.2403 and 108.2407. Tenant's obligations to ensure that no liens arise as a result of such Tenant-Made Alterations shall include, without limitation, the recording of a notice of posted security in the Official Records of the Clerk and Recorder for the appropriate County in Nevada, in accordance with Nevada Revised Statutes 108.2403, and either (i) establish a construction disbursement account pursuant to Nevada Revised Statutes 108.2403(1)(b)(1), or (ii) furnish and record, in accordance with Nevada Revised Statutes 108.2403(1)(b)(2), a surety bond for the prime contract for construction of Tenant-Made Alterations that meets the requirements of Nevada Revised Statutes 108.2415. Tenant may not begin construction of any Tenant-Made Alterations until Tenant has delivered evidence satisfactory to Landlord that Tenant has complied with the terms of this Paragraph and failure by Tenant to comply with the terms of this Paragraph shall be an Event of Default.

**SCHEDULE 1 TO Exhibit C** 

**NOTICE OF NON-RESPONSIBILITY**

To whom it may concern:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Notice
 is given that ____________, a ____________ ()"**Landlord** "), whose address
 is ____________________, is the owner of real property in _________, ________ County,
 Nevada, more particularly described on <u>Exhibit 1</u> to this Notice (the "**Property** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Other
 persons having an interest in the Property, and the interest of such persons in the Property,
 are as follows: ____________, a ____________ ()"**Tenant** "), whose address
 is ____________________, under that certain Lease dated as of ____________, 20__ by and
 between Landlord and Tenant (the "**Lease** "). Pursuant to the terms of
 the Lease, Tenant is authorized to and will cause a work of improvement to be constructed,
 altered or repaired on the Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The
 location of the improvement is ________________ and the legal description of the property
 on which the improvement is or will be constructed, altered or repaired is the Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Landlord
 knew of the intended improvements on the Property by Tenant (the "**Project** ")
 at the execution of the Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Three
 days have not elapsed since execution of the Lease by all parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Landlord
 will not be responsible for the Project or for any labor or materials that have been,
 are being, or may in the future be, furnished or supplied to the Property with respect
 to the Project.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Landlord
 has notified Tenant in writing that Tenant must comply with the requirements of Nevada
 Revised Statutes 108.2403.

This Notice is given pursuant to Nevada Revised Statutes 108.234(2) and (3).

Dated: _________, 20____.

LANDLORD:

__________________, a ______________________

By: _______________________________

STATE OF _______)

ss.

COUNTY OF ______)

This instrument was acknowledged before me on ________, 20____, by __________, as ____________ of ______________, a __________________.

---

| |
|:---|
| <u>____________________________________________</u> |
| (Signature of Notarial officer) |
| (My commission expires |
| ______________________) |

---

**<u>EXHIBIT D: CONSTRUCTION (TURNKEY)</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Landlord agrees to perform at Landlord's sole cost and expense the following improvements using Landlord standard finishes except as expressly provided otherwise below (the "Initial Improvements"):

&nbsp;&nbsp;&nbsp;&nbsp;• Standard
 Make-Ready Improvements including white-boxed warehouse walls, insulation in the warehouse,
 and LED lighting throughout.

&nbsp;&nbsp;&nbsp;&nbsp;• Evaporative
 coolers serving the warehouse portion of the space.

&nbsp;&nbsp;&nbsp;&nbsp;• Office
 build out per the attached Space Plan on Exhibit D-1.

&nbsp;&nbsp;&nbsp;&nbsp;• All
 work will be done using Landlord's standard scope of work and materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If Tenant shall desire any changes to the Initial Improvements, Tenant shall advise Landlord in writing and Landlord shall determine whether such changes can be made in a reasonable and feasible manner. All costs of reviewing any requested changes, and all costs of making any changes to the Initial Improvements which Tenant may request and which Landlord may agree to shall be at Tenant's sole cost and expense and shall be paid to Landlord upon demand and before execution of the change order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As soon as the Initial Improvements have been Substantially Completed, Landlord shall notify Tenant in writing of the date that the Initial Improvements were Substantially Completed. The Initial Improvements shall be deemed substantially completed ("Substantially Completed" or "Substantial Completion") when, in the reasonable opinion of the construction manager (whether an employee or agent of Landlord or a third party construction manager) ("Construction Manager"), the Initial Improvements are substantially completed except for punch list items which do not prevent in any material way the use of the Initial Improvements for the purposes for which they were intended. In the event Tenant, its employees, agents, or contractors cause construction of such Initial Improvements to be delayed for any reason, including, but not limited to, change orders, request for long lead items, or Tenant's interference with construction, the date of Substantial Completion shall be deemed to be the date that, in the opinion of the Construction Manager, Substantial Completion would have occurred if such delays had not taken place, and such delays shall not cause a deferral of the Commencement Date. After the date the Initial Improvements are Substantially Completed Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of the Initial Improvements. In the event of any dispute as to the Initial Improvements the certificate of the Construction Manager shall be conclusive absent manifest error. Tenant's failure to take possession of or to occupy the Premises shall not serve to relieve Tenant of its obligations arising on the Commencement Date or to delay the payment of rent by Tenant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding anything to the contrary contained herein, in the event Landlord is required to provide electrical service to the Premises as a component of the Initial Improvements, Tenant agrees and understands that the electrical service component of the Initial Improvements shall be deemed Substantially Completed as long as Landlord has delivered temporary electrical service which otherwise meets the specifications for such electrical service to be delivered as a component of the Initial Improvements.

**<u>EXHIBIT D-1: SPACE PLAN</u>**

![](image_018.jpg)

**<u>EXHIBIT E: ONE RENEWAL OPTION AT MARKET (CLEAR LEASE)</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Provided
 that as of the time of the giving of the First Extension Notice and the Commencement
 Date of the First Extension Term (as such terms are defined below), (x) Tenant is the
 Tenant originally named herein, (y) Tenant actually occupies all of the Premises initially
 demised under this Lease and any space added to the Premises, and (z) no Event of Default
 exists, or would exist but for the passage of time or the giving of notice, or both;
 then Tenant shall have the right to extend the Term for an additional term of 60 months
 (such additional term is hereinafter called the " <u>First Extension Term</u> ")
 commencing on the day following the expiration of the Term (hereinafter referred to as
 the " <u>Commencement Date of the First Extension Term</u> "). Tenant must give
 Landlord notice (hereinafter called the " <u>First Extension Notice</u> ") of
 its election to extend the term of the Term at least 9 months, but not more than 12 months,
 prior to the Expiration Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Base Rent payable by Tenant to Landlord during the First Extension Term shall be the
 greater of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Base Rent in effect on the Expiration Date (if the Base Rent is stated as an annual or other periodic rate, adjusted for the length of the Term), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Fair Market Rent, as defined and determined pursuant to Sections (c) and (d) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 term " <u>Fair Market Rent</u> " shall mean the Base Rent, expressed as an annual
 rent per square foot of floor area, which Landlord would have received from leasing the
 Premises for the First Extension Term to an unaffiliated person which is not then a tenant
 in the Project, assuming that such space were to be delivered in "as-is" condition,
 and taking into account the rental which such other tenant would most likely have paid
 for such premises, including market escalations, provided that Fair Market Rent shall
 not in any event be less than the Base Rent for the Premises as of the expiration of
 the Term. Fair Market Rent shall not be reduced by reason of any costs or expenses saved
 by Landlord by reason of Landlord's not having to find a new tenant for the Premises
 (including without limitation brokerage commissions, cost of improvements necessary to
 prepare the space for such tenant's occupancy, rent concession, or lost rental income
 during any vacancy period). Fair Market Rent means only the rent component defined as
 Base Rent in the Lease and does not include reimbursements and payments by Tenant to
 Landlord with respect to FOE, Taxes, or other items payable or reimbursable by Tenant
 under the Lease. In addition to its obligation to pay Base Rent (as determined herein),
 Tenant shall continue to pay and reimburse Landlord as set forth in the Lease with respect
 to such FOE (subject to be increased by Landlord), Taxes, and other items with respect
 to the Premises during the First Extension Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Landlord
 shall notify Tenant of its determination of the Fair Market Rent for the First Extension
 Term, along with the FOE and the Annual FOE Increase, as determined in Landlord's
 sole but reasonable determination, applicable to the First Extension Term (the "Fair
 Market Rent Notice"), and Tenant shall deliver written notice to Landlord within
 10 days of receipt of the Fair Market Rent Notice of any objection to the Fair Market
 Rent Notice. Failure to respond within the 10-day period shall constitute Tenant's acceptance
 of such Fair Market Rent, FOE, and the Annual FOE Increase. If Tenant objects to the
 Fair Market Rent as provided in the Fair Market Rent Notice as provided above, Landlord
 and Tenant shall commence negotiations to attempt to agree upon the Fair Market Rent
 within 30 days of Landlord's receipt of Tenant's notice. In the event Landlord and Tenant
 fail to reach an agreement on such Fair Market Rental Rent, and execute the Amendment
 (defined below) which provides for the Fair Market Rent, as well as the FOE, and Annual
 FOE Increase as provided by Landlord at least 8 months prior to the expiration of the
 Lease, then Tenant's exercise of the renewal option shall be deemed withdrawn and the
 Lease shall terminate on the Expiration Date. The negotiation of the Fair Market Rent
 as provided above shall be limited to the determination of the Base Rent and shall not
 affect or otherwise reduce or modify the Tenant's obligation to pay or reimburse Landlord
 for the FOE, Taxes, or any other reimbursable items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Except
 for the Base Rent, FOE, and Annual FOE Increase, Tenant's occupancy of the Premises during
 the First Extension Term shall be on the same terms and conditions as are in effect immediately
 prior to the expiration of the initial Term; provided, however, Tenant shall have no
 further right to extend the Term pursuant to this exhibit or to any allowances, credits
 or abatements or options to expand, contract, renew or extend the Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) If
 Tenant does not send the First Extension Notice within the period set forth in Section
 (a), Tenant's right to extend the Term shall automatically terminate. Time is of the
 essence as to the giving of the First Extension Notice and the notice of Tenant's objection
 under Section (d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Landlord
 shall have no obligation to refurbish or otherwise improve the Premises for the First
 Extension Term. The Premises shall be tendered on the Commencement Date of the First
 Extension Term in "as-is" condition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) If
 the Lease is extended for the First Extension Term, then Landlord shall prepare and Tenant
 shall execute an amendment to the Lease confirming the extension of the Term, the Base
 Rent, the FOE, and the Annual FOE Increase applicable to the First Extension Term, and
 the other provisions applicable thereto (the "Amendment").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If
 Tenant exercises its right to extend the term of the Lease for the First Extension Term
 pursuant to this Exhibit, the term "Term" as used in the Lease, shall be construed
 to include, when practicable, the First Extension Term except as provided in (e) above.

## Exhibit 10.2

**EXHIBIT 10.2** 

**<u>SUBLEASE AGREEMENT</u>**

This Sublease Agreement ("Sublease") is entered into as of , 2025, by and between (1) **<u>Arizona Turf Depot, LLC</u>** (hereinafter, "**Sublessor**"), and (2) **<u>Global Industry Products, Corp.</u>** (hereinafter, "**Sublessee**"). Collectively, Sublessor and Sublessee shall be referred to as the "**Parties**".

WHEREAS, Sublessor is the true and rightful tenant of that property located at **<u>7770 Dean Martin Dr. #303, Las Vegas, NV 89139</u>** (the "**Premises**"), pursuant to a Lease Agreement dated August 2, 2023, between Sublessor and Prologis USLV SubREIT 4, LLC (hereinafter "**Landlord**") (the "**Master Lease**");

WHEREAS, Sublessee wishes to sublease the Premises from Sublessor;

WHEREAS, Sublessor desires to sublease the Premises to Sublessee;

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Parties agree to the following material terms and conditions for such Sublease:

**AGREED TERMS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Terms.</u> The Terms of the Sublease are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Sublease Commencement:** 

May 1, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Sublease Term:** 42 months

May 1, 2025 – October 31, 2028

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c)** **Base Rent:** 

May 1, 2025 – May 31, 2025 = $1.00/square foot

[$16,390.00/mo.]

June 1, 2025 – June 30, 2025 = $1.20/square foot

[$19,668.00/mo.]

June 30, 2025 – Sept. 31, 2025 = $1.43/square foot

[$23,437.70/mo.]

Oct. 1, 2025 – Sept. 31, 2026 = $1.49/square foot

[$24,421.10/mo.]

Oct. 1, 2026 – Sept. 31, 2027 = $1.55/square foot

[$25,404.50/mo.]

Oct. 1, 2027 – Sept. 31, 2028 = $1.62/square foot

[$26,551.80/mo.]

Oct. 1, 2028 – Oct. 31, 2028 = $1.69/square foot

[$27,699.10/mo.]

1 of 6

---

| | |
|:---|:---|
| **(d)** | **Fixed Operating Expenses:** The Parties agree and recognize that Sublessee shall pay Fixed Operating Expenses ("FOE") as set forth in the Master Lease: |
|  | Monthly Operating Expenses: $2,853.13[1](#note_ftn1) |
|  | Capital Repairs/Replacements: $499.24 |
|  | **Total FOE:** $3,352.37 |
|  | The Parties agree and affirm that the FOE shall automatically increase on the first day of each full calendar year anniversary of the **Sublease Commencement Date** at a rate of 4.30%, per the terms of the Master Lease. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e)** **Monthly Taxes (estimated):** $773.61

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f)** **Option to Renew:** The Parties agree and recognize that no option to renew is contemplated
 by the instant Sublease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g)** **Security Deposit:** $26,879.60

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(h)** **Utilities:** Sublessee to be responsible for all utilities and operating expenses related to the
 Premises for the term of the Sublease

---

| | |
|:---|:---|
| **(i)** | **Use of Premises:** Restaurant supplies, storage, and distribution. |
|  | Sublessee, at Sublessee's sole discretion, shall determine that it can legally operate its business within the Premises. Sublessee's execution of the instant Sublease shall constitute evidence that Sublessee has made this determination. |
|  | Sublessee agrees and recognizes that its failure to secure licensing, permits, and/or any other certification necessary for the operation of Sublessee's business, after execution of the instant Sublease, shall not constitute grounds for Sublessee to withdraw from the instant Sublease once executed. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(j)** **Sublessee Improvement:** Sublessee agrees and recognizes that it is <u>not</u> permitted to make
 any alterations and/or "improvements" to the Premises under the provisions
 of the instant Sublease.

---

| | |
|:---|:---|
| **(k)** | **Condition of Premises:** Sublessor shall deliver the Premises in broom swept condition, with all electrical, mechanical, lighting, and doors in good working order. |
|  | Sublessee agrees to maintain the Premises in good repair. Upon termination of the instant Sublease, Sublessee agrees to return the Premises to Sublessor in good repair, accounting for normal wear and tear. |

---

________________

[1](#note_ftnref1) <u>See</u>, Master Lease at 1(n) **Annual FOE Increase** (providing for an annual increase of FOE by 4.3% from 2023). The numbers provided herein account for such FOE Increase at the given rate to 2025.

2 of 6

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(l)** **Assignment/Sublease:** The Parties agree that Sublessee shall have the right to assign or sublease any portion
 of the Premises, only upon written consent of Sublessor, subject to the terms and conditions
 of the Master Lease.

---

| | |
|:---|:---|
| 2. | <u>Agreement Subject to Master Lease.</u> The Parties agree and recognize that this Sublease expressly incorporates herein by reference those terms and conditions set forth by that Master Lease, except as to those terms and conditions specifically set forth herein. In the event of a conflict between this Sublease and the Master Lease, the Parties agree that the conflict shall be resolved pursuant to the Master Lease. |
|  | Sublessee agrees and affirms that it has reviewed the Master Lease and understands the terms and conditions set forth therein, as applicable to the instant Sublease. Sublessee thereupon agrees to be subject to said terms and conditions of the Master Lease as they pertain to the "Tenant" in said Master Lease. Sublessee agrees that Sublessor shall have all rights, privileges, and remedies available to it as they pertain to the "Landlord" in said Master Lease. |
|  | The Parties Agree that this Sublease and any addenda thereto constitute the entire agreement between the Parties, and that this Sublease constitutes a true and correct memorialization of the negotiations reached between the Parties. |

---

---

| | |
|:---|:---|
| 3. | <u>Rent; Payment of Rent.</u> Base Rent shall be payable in consecutive monthly installments, in advance, without prior notice, demand, deduction or offset, commencing on the Sublease Commencement Date and continuing on the first day of each calendar month thereafter, except that the first full monthly installment of Base Rent shall be payable upon Sublessee's execution of this Sublease. If the Sublease Commencement Date is not the first day of a calendar month, then the Base Rent for the Partial Lease Month shall be prorated based on the actual number of days of that month, and shall be payable on the first day of the calendar month following the Term Commencement Date. Any and all payments which are due, or may become due and owing at any time in the future under the Sublease, including but not limited to Rent, Additional Rent, CAM, Expense, Security Deposit, reimbursements, and fines shall be paid only in lawful currency of the United States of America (e.g. USD). |
|  | If any sum payable by Sublessee to Sublessor under this Sublease is not paid when due, Sublessee shall also pay a late charge equal to one hundred dollars ($100.00) or ten percent (10%) of the delinquent amount, whichever is greater. In addition, any amount due from Sublessee to Sublessor which is not paid when due shall bear interest at an annual rate of fifteen percent (15%). Any late charges and interest shall be deemed and constitute Additional Rent under the Sublease and shall be paid by Sublessee within five (5) calendar days from receipt of any statement or invoice from Sublessor. Sublessor reserves all other rights and remedies provided to Sublessor at law and under this Sublease. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Default; Event of Default.</u> Sublessee agrees and recognizes that those Events of Default as
 set forth in the Master Lease shall govern and apply regarding the instant Sublease,
 including Sublessor's rights and remedies thereunder. Sublessee expressly affirms
 that Sublessor shall have all rights and remedies at law or in equity available to Sublessor
 as set forth as rights and remedies available to the Landlord pursuant to the terms of
 the Master Lease.

3 of 6

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Indemnification.</u> The Parties agree and affirm that Sublessee shall indemnify, defend by counsel reasonably
 acceptable to Sublessor, protect and hold harmless Sublessor and its affiliates, and
 each of their respective directors, shareholders, partners, lenders, members, managers,
 contractors, affiliates and employees (collectively, "**Sublessor Indemnitees** ")
 from and against all claims, losses, liabilities, causes of suit or action, judgments,
 damages, penalties, costs and expenses (including, without limitation, reasonable attorneys'
 fees, consultant's fees, and court costs) arising from or asserted in connection with
 the use or occupancy of the Premises, or any negligence or misconduct or omissions of
 Sublessee or of any Sublessee Party in or about the Premises, or Sublessee's breach of
 any of its covenants under this Sublease, except in each case to the extent arising from
 the gross negligence or willful misconduct of Sublessor or any Sublessor Indemnitee.
 Except to the extent expressly provided in this Sublease, Sublessee hereby waives all
 claims against and releases Sublessor and each Sublessor Indemnitee for any injury to
 or death of persons, damage to property or business loss in any manner related to (i)
 Sublessee's use and occupancy of the Premises by or from any cause whatsoever (other
 than Sublessor's gross negligence or willful misconduct), (ii) acts of God, (iii)
 acts of third parties, or (iv) any matter outside of the reasonable control of Sublessor.
 This Paragraph 5 shall survive termination or expiration of this Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Signage.</u> The Parties agree and affirm that each Sublessor and Sublessee's respective
 responsibilities, obligations, and remedies with regard to the Signage of and at the
 Premises shall be governed in accordance with those provisions as set forth in the Master
 Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Parking.</u> The Parties agree and affirm that each Sublessor and Sublessee's respective
 responsibilities, obligations, and remedies with regard to Parking at the Premises shall
 be governed in accordance with those provisions as set forth in the Master Lease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Miscellaneous.</u> If any clause or provision of this Sublease is determined to be illegal, invalid,
 or unenforceable under present or future laws, then the remainder of this Sublease shall
 not be affected thereby. This Sublease may not be amended except by instrument in writing
 signed by Sublessor and Sublessee. No provision of this Sublease shall be deemed to have
 been waived by Sublessor unless such waiver is in writing signed by Sublessor. The terms
 and conditions contained in this Sublease shall inure to the benefit of and be binding
 upon the parties hereto, and upon their respective successors in interest and legal representatives,
 except as otherwise herein expressly provided. Sublessee and the person or persons signing
 on behalf of Sublessee represent and warrant that Sublessee has full right, power, and
 authority to enter into this Sublease, and that all persons signing this Sublease on
 its behalf are authorized to do so. If Sublesssee is comprised of more than one party,
 each such party shall be jointly and severally liable for Sublease. All exhibits and
 attachments attached hereto are incorporated herein by this reference. In any action
 which Sublessor or Sublessee brings to enforce its respective rights hereunder, the unsuccessful
 party shall pay all costs incurred by the prevailing party, including without limitation,
 reasonable attorneys' fees and court costs. Sublessee shall not record this Sublease
 or any memorandum hereof. **TO THE MAXIMUM EXTENT PERMITTED BY LAW, SUBLESSEE WAIVES ITS RIGHT TO TRIAL BY JURY IN ANY LITIGATION ARISING OUT OF OR WITH RESPECT TO THIS LEASE.** This Sublease may be executed in any number of counterparts, each of which shall
 be deemed an original. Time is of the essence as to the performance of each covenant
 hereunder in which time of performance is a factor.

4 of 6

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Governing Law.</u> This Sublease and all related documents including all exhibits attached hereto,
 and all matters arising out of or relating to this Sublease, whether sounding in contract,
 tort, or statute are governed by, and construed in accordance with, the laws of the State
 of Nevada, without giving effect to the conflict of laws provisions thereof to the extent
 such principles or rules would require or permit the application of the laws of any jurisdiction
 other than those of the State of Nevada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Forum.</u> The Parties agree that the state or federal courts of Nevada, located in Clark County,
 shall be the exclusive forums for litigation concerning this Sublease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Reliance on Own Counsel.</u> In entering into this Agreement, the Parties acknowledge that they
 have relied upon the legal advice of their respective attorneys, who are the attorneys
 of their own choosing, that such terms are fully understood and voluntarily accepted
 by them, and that, other than the consideration set forth herein, no promises or representations
 of any kind have been made to them by the other Party. The Parties represent and acknowledge
 that in executing this Agreement they did not rely, and have not relied, upon any representation
 or statement, whether oral or written, made by the other Party or by that other Party's
 agents, representatives, or attorneys with regard to the subject matter, basis, or effect
 of this Sublease or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Counterparts.</u> This Sublease may be executed by the Parties in counterparts, each of which shall
 be deemed an original, but all of which together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Effective Date.</u> The terms of this Sublease will be effective pursuant to the date set forth
 above (the "**Effective Date** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Authority to Execute Agreement.</u> By signing below, each Party warrants and represents that the
 person signing this Sublease on its behalf has authority to bind that Party and that
 the Party's execution of this Sublease is not in violation of any by-law, covenants,
 and/or other restrictions placed upon them by their respective entities.

[SPACE LEFT INTENTIONALLY BLANK – SIGNATURE PAGE TO FOLLOW]

5 of 6

**IN WITNESS WHEREOF**, and intending to be legally bound, each of the Parties hereto has caused this Sublease to be executed as of the date(s) set forth below:

---

| | |
|:---|:---|
| **<u>SUBLESSOR</u>** | **<u>SUBLESSEE</u>** |
| **Arizona Turf Depot, LLC** | **Global Industry Products, Corp.** |
| By: /s/ Matthew Walters | By: /s/ Spencer Fisher |
| Name: Matthew Walters | Name: Spencer Fisher |
| Title: General Manager | Title: President |

---

6 of 6

## Ex-21

**EXHIBIT 21**

**GLOBAL INDUSTRY PRODUCTS, CORP.**

**LIST OF SUBSIDIARIES**

None.

## Exhibit 23.1

**EXHIBIT 5.1<br> EXHIBIT 23.1**

**Michael A. Littman**

**Attorney at Law**

PO Box 1839

Arvada, CO 80001

Phone: 720-800-1345

Email: malattyco@aol.com

September 30, 2025

Global Industry Products, Corp.

7770 Dean Martin Dr., Ste. 303

Las Vegas, NV 89139

Re: Form S-1 for up to 16,158,783 shares, par value $0.001 per share

Gentlemen:

At your request, I have examined the Form S-1, which is being filed with the Securities and Exchange Commission ("SEC") (the "Registration Statement"), in connection with the registration under the Securities Act of 1933, as amended, of:

· up to 16,158,783 shares for resale, par value $0.001 per share

In rendering the following opinion, I have examined and relied upon all of the documents listed as exhibits to the Form S-1, and resolutions of the Board of Directors of the Company adopted by the Board of Directors of the Company authorizing the agreement for the issuance of the stock, registered in Form S-1 for resale to which this letter refers. In my examination, I have assumed the genuineness of all signatures, the authenticity, accuracy and completeness of the documents submitted to me as originals, and the conformity with the original documents of all documents submitted to me as copies.

I have not undertaken, nor do I intend to undertake, any independent investigation beyond such specified documents and records, but to the extent necessary for this opinion, I have inquired and am satisfied as to the adequacy and accuracy of such documents and records. I have examined all documents necessary to form my opinions.

Based on the foregoing, it is my opinion that the stock being registered under the Registration Statement, when and as issued, will be duly and validly authorized, fully paid and non-assessable under Nevada laws.

I express no opinion as to compliance with the Securities Acts or "blue sky" laws of any state in which the stock is proposed to be offered and sold or as to the effect, if any, which non-compliance with such laws might have on the validity of transfer of the stock.

I consent to the filing of this opinion as an exhibit to any filing made with the Securities and Exchange Commission or under any state or other jurisdiction's securities act for the purpose of registering, qualifying or establishing eligibility for an exemption from registration or qualification of the stock described in the Registration Statement in connection with the offering described therein.

This opinion covers only matters of Nevada law and nothing in this opinion shall be deemed to imply any opinion related to the laws of any other jurisdiction. Nothing herein shall be deemed to relate to or constitute an opinion concerning any matters not specifically set forth above.

The information set forth herein is as of the date of this letter. I disclaim any undertaking to advise you of changes which may be brought to my attention after the effective date of the Registration Statement.

---

| | |
|:---|:---|
| Sincerely, | Sincerely, |
| By: | /s/ Michael A. Littman |
|  | Michael A. Littman, Attorney at Law |

---

## Exhibit 23.2

**EXHIBIT 23.2**

![](image_016.jpg)

To Whom It May Concern:

We hereby consent to the incorporation in this Registration Statement on Form S-1 of our Report of Independent Registered Public Accounting Firm dated September 30, 2025, relating to the financial statements of Global Industry Products, Corp. as of December 31, 2024 and 2023, respectively, and to all references to our firm included in this Registration Statement.

We also consent to the references to us under the headings "Experts" in such Registration Statement.

Very truly yours,

/s/ Bush & Associates CPA LLC

Bush & Associates CPA LLC (PCAOB 6797)

Las Vegas, Nevada

September 30, 2025

____________________________________________________________________________________

9555 S Eastern Ave., Suite 280, Las Vegas, NV 89123 ● 702.703.5979 ● www.bushandassociatescpas.com

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

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|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-1**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Global Industry Products, Corp.**  |

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation or Carry Forward Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be Paid | 1 | Equity | Common | 457(a) | 16158783 | $1.00 | $16158783.00 | 0.0001531 | $2473.91 |
| Fees Previously Paid |  |  |  |  |  |  |  |  |  |
| **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** | **Carry Forward Securities** |
| Carry Forward Securities |  |  |  |  |  |  |  |  |  |
|  |  |  | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $16158783.00  |  | $2473.91  |
|  |  |  | Total Fees Previously Paid:  | Total Fees Previously Paid:  | Total Fees Previously Paid:  |  |  |  | $0.00  |
|  |  |  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $0.00  |
|  |  |  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $2473.91  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (1) Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a). <br>

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| | |
|:---|:---|
| | |
| **Rules 457(b) and 0-11(a)(2)** | **Rules 457(b) and 0-11(a)(2)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |
| **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | N/A |
| Fee Offset Sources | N/A |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Securities Previously Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price of Securities Previously Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Form Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **File Number**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Initial Effective Date**  |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

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