# EDGAR Filing Document

**Accession Number:** 0001342916
**File Stem:** 0001262463-23-000015
**Filing Date:** 2023-3
**Character Count:** 272470
**Document Hash:** d3d28be6a53068b1de86c2761f3e3fc8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001262463-23-000015.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001262463-23-000015

**CONFORMED SUBMISSION TYPE**: 1-A

**PUBLIC DOCUMENT COUNT**: 46

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HNO International, Inc.
- **CENTRAL INDEX KEY:** 0001342916
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **IRS NUMBER:** 202781289
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 1-A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12194
- **FILM NUMBER:** 23753889

**BUSINESS ADDRESS:**
- **STREET 1:** 1309 COFFENN AVE. SUITE 1567
- **CITY:** SHERIDEN
- **STATE:** WY
- **ZIP:** 82801
- **BUSINESS PHONE:** 206-679-6677

**MAIL ADDRESS:**
- **STREET 1:** 1309 COFFENN AVE. SUITE 1567
- **CITY:** SHERIDEN
- **STATE:** WY
- **ZIP:** 82801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Excoin Ltd.
- **DATE OF NAME CHANGE:** 20210830

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Clenergen Corp
- **DATE OF NAME CHANGE:** 20100317

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLENERGEN Corp
- **DATE OF NAME CHANGE:** 20090324

## Part

**PART II - PRELIMINARY OFFERING CIRCULAR**

**As submitted to the Securities and Exchange Commission on March 22, 2023**

**Registration No. ________**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 1-A**

**REGULATION A OFFERING CIRCULAR**

**UNDER THE SECURITIES ACT OF 1933**

**<u>HNO INTERNATIONAL, INC.</u>**

(Exact name of issuer as specified in its charter)

**<u>Nevada</u>**

(State or other jurisdiction of incorporation or organization)

**41558 Eastman Drive**

**Suite B**

**Murrieta, CA 92562** 

(Address, including zip code of issuer's principal executive office)

Website: **<u>www.hnointernational.com</u>** Email: **<u>correspondence@hnointl.com</u>**

Telephone: **<u>951-305-8872</u>**

**NEVADA AGENCY AND TRANSFER COMPANY**

**50 West Liberty Street, Suite 880**

**<u>Reno, NV 89501</u>**

(Name, address, including zip code, and telephone number,

including area code, of agent for service)

Copy to:

**Matthew McMurdo, Esq.**

**McMurdo Law Group, LLC**

**1185 Avenue of the Americas, 3rd Floor**

**New York, NY 10036**

**Telephone: (917) 318-2865**

---

| | |
|:---|:---|
| **<u>8711</u>** | **<u>20-2781289</u>** |
| Standard Industrial Classification Number | (IRS Employer Identification Number) |

---

**This Offering Circular shall only be qualified upon order of the Commission.**

**An offering statement pursuant to Regulation A relating to these securities has been filed with the Securities and Exchange Commission. Information contained in this Preliminary Offering Circular is subject to completion or amendment. These securities may not be sold nor may offers to buy be accepted before the offering statement filed with the Commission is qualified. This Preliminary Offering Circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a Final Offering circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the Final Offering Circular or the offering statement in which such Final Offering Circular was filed may be obtained.**

**PRELIMINARY OFFERING CIRCULAR March 22, 2023, SUBJECT TO COMPLETION**

**HNO INTERNATIONAL, INC.**

**MAXIMUM OFFERING AMOUNT:**

**75,000,000 Shares of Common Stock by the Company**

This is our public offering (the "**Offering**") of shares of common stock of HNO INTERNATIONAL, INC., a Nevada corporation (the "**Company**"). We are offering a maximum of 75,000,000 shares (the "**Maximum Offering**") of common stock, par value $0.001 per share (a "**Common Stock**"), at a price per share of $1.00.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Title of Each Class of Securities**<br> **to be Qualified** | **Amount to**<br> **be Qualified** | **Price to**<br> **Public<sup>(1)</sup>** | **Underwriting**<br> **Discount and**<br> **Commissions** | **Proceeds to the**<br> **Company<sup>(2)</sup>** |
| Common Share | 75000000 | $1.00 | $0.00 | $75000000 |
| Total Maximum Offering | 75000000 | $75000000 | $0.00 | $75000000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) All amounts in this chart and circular are in U.S. dollars unless otherwise indicated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Shares are being offered pursuant to Regulation A of Section 3(b) of the Securities Act for Tier 2
offerings and are only being issued to purchasers who satisfy the requirements set forth in Regulation A.

**Investing in our Common Stock involves a high degree of risk. See "Risk Factors" on page 11 of the offering circular for a discussion of certain risks that you should consider in connection with an investment in our Common Stock.**

**HNO INTERNATIONAL, INC.**

41558 Eastman Drive

Suite B

Murrieta, CA 92562702-930-1815

www.hnointl.com correspondence@hnointl.com

**C/O Matthew McMurdo, Esq.**

**McMurdo Law Group, LLC**

1185 Avenue of the Americas, 3rd Floor

New York, NY 10036

Telephone: (917) 318-2865

**We hereby amend this offering circular ("Offering Circular") on such date or dates as may be necessary to delay our effective date until this Offering circular shall become effective on such date as the Commission, acting pursuant to Section 8(a) may determine.**

**THE OFFERING**

HNO INTERNATIONAL, INC., a Nevada Corporation (herein referred to as "**we**," "**us**," "**our**," "**HNOI**" and the "**Company**"), focuses on systems engineering design, integration, and product development to generate green hydrogen-based clean energy solutions to help businesses and communities decarbonize in the near term.

HNO stands for Hydrogen and Oxygen- and our experienced management team has over 13 years of expertise in the green hydrogen production industry.

HNO International provides green hydrogen systems engineering design, integration, and products to multiple markets, which include: (i) the zero-emission vehicle and mobile equipment market consisting of hydrogen fuel cell electric passenger vehicles, material handling equipment such as forklifts and airport ground support equipment, as well as the medium and heavy-duty truck market; (ii) the current and emerging hydrogen gas markets encompassing ammonia, fertilizer, steel, mining, electronics, semiconductors, and fuel cell electric vehicles; (iii) and the gasoline and diesel engine emissions and maintenance reduction product and services market.

HNOI is at the forefront of developing innovative integrated products that cater to various uses of green hydrogen, both current and future. These include:

&nbsp;&nbsp;&nbsp;&nbsp;· Hydrogen refueling and generation systems for Fuel Cell Electric vehicles, such as forklifts, drones,
cars, and trucks, as well as for zero-emission heating and cooking applications.

&nbsp;&nbsp;&nbsp;&nbsp;· Small to mid-scale green hydrogen production facilities with a capacity of 100kg/day to 5,000kg/day. These
facilities can help decarbonize industrial processes and increase the use of hydrogen and hydrogen-based fuels for transportation and
material handling.

&nbsp;&nbsp;&nbsp;&nbsp;· Hydrogen technologies that decrease emissions and maintenance for existing gasoline and diesel internal
combustion engines. This can aid companies in decarbonizing their operations in the short term.

We are offering a maximum of 75,000,000 shares (the "**Maximum Offering**") of common stock, par value $0.001 ("**Common Stock**".) The Shares are being offered at a purchase price of $1.00 USD per Share on a "best efforts" basis.

The minimum investment established for each investor is $1,000.00 unless such minimum is waived by the Company in its sole discretion. Shares offered by the Company will be sold through the Company's executive officers and directors on a best-efforts basis. We may also engage sales agents licensed through the Financial Industry Regulatory Authority ("**FINRA**") and pay such agents cash and/or stock-based compensation, which will be announced through a supplement to this Offering Circular.

This Offering will terminate on the earlier of (i) one (1) year from the initial qualification date; or (ii) the date on which the Maximum Offering is sold (in either case, the "**Termination Date**"). This will be a continuous offering which commences within two calendar days after the qualification date, will be offered on a continuous basis, and will be offered in an amount that, at the time the offering statement is qualified, and is reasonably expected to be offered and sold within one year from the initial qualification date. See "Description of Securities" beginning on page 31 for a discussion of certain items required by Item 14 of Part II of Form 1-A.

We will hold closings upon the receipt of investors' subscriptions and acceptance of such subscriptions by the Company. If, on the initial closing date, we have sold less than the Maximum Offering, then we may hold one or more additional closings for additional sales, until the earlier of: (i) the sale of the Maximum Offering or (ii) the Termination Date. There is no aggregate minimum requirement for the Offering to become effective, therefore, we reserve the right, subject to applicable securities laws, to begin applying "dollar one" of the proceeds from the Offering towards our business strategy, development expenses, offering expenses and other uses as more specifically set forth in this offering circular ("**Offering Circular**"). We expect to commence the sale of the Common Stocks as of the date on which the offering statement, of which this Offering Circular is a part (the "**Offering Statement**"), is qualified by the United States Securities and Exchange Commission (the "**SEC**"). There is no escrow established for this Offering.

**For general information on investing, we encourage you to refer to www.investor.gov.**

Our common stock is not now listed on any national securities exchange or the Nasdaq stock market. However, our stock is quoted on the OTC Market's Pink under the symbol "HNOI" While our common stock is on the OTC Pink market, there has been limited trading volume. There is no guarantee that an active trading market will develop in our securities.

This offering is being made pursuant to Tier 2 of Regulation A, following the Form 1-A Offering Circular disclosure format for smaller reporting companies. We qualify as an "emerging growth company" as defined in the Jumpstart our Business Start-ups Act ("JOBS Act").

**THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SOLICITATION MATERIALS. THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES OFFERED ARE EXEMPT FROM REGISTRATION.**

**THE SECURITIES UNDERLYING THIS OFFERING STATEMENT MAY NOT BE SOLD UNTIL QUALIFIED BY THE SECURITIES AND EXCHANGE COMMISSION. THIS OFFERING CIRCULAR IS NOT AN OFFER TO SELL, NOR SOLICITING AN OFFER TO BUY, ANY SHARES OF OUR COMMON STOCK IN ANY STATE OR OTHER JURISDICTION IN WHICH SUCH SALE IS PROHIBITED.**

**INVESTMENT IN SMALL BUSINESS INVOLVES A HIGH DEGREE OF RISK, AND INVESTORS SHOULD NOT INVEST ANY FUNDS IN THIS OFFERING UNLESS THEY CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. SEE "RISK FACTORS" FOR A DISCUSSION OF CERTAIN RISKS YOU SHOULD CONSIDER BEFORE PURCHASING ANY SHARES OF COMMON STOCK IN THIS OFFERING.**

**AN OFFERING STATEMENT PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION, WHICH WE REFER TO AS THE COMMISSION. INFORMATION CONTAINED IN THIS PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED BEFORE THE OFFERING STATEMENT FILED WITH THE COMMISSION IS QUALIFIED. THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR MAY THERE BE ANY SALES OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION OR QUALIFICATION UNDER THE LAWS OF ANY SUCH STATE. WE MAY ELECT TO SATISFY OUR OBLIGATION TO DELIVER A FINAL OFFERING CIRCULAR BY SENDING YOU A NOTICE WITHIN TWO (2) BUSINESS DAYS AFTER THE COMPLETION OF OUR SALE TO YOU THAT CONTAINS THE URL WHERE THE FINAL OFFERING CIRCULAR OR THE OFFERING STATEMENT IN WHICH SUCH FINAL OFFERING CIRCULAR WAS FILED MAY BE OBTAINED.**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page** |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS | 4 |
| OFFERING SUMMARY | 4 |
| THE COMPANY | 5 |
| RISK FACTORS | 11 |
| THE OFFERING | 19 |
| USE OF PROCEEDS | 21 |
| DETERMINATION OF OFFERING PRICE |  |
| DILUTION | 22 |
| MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION & RESULTS OF OPERATIONS | 23 |
| DIRECTORS, EXECUTIVE OFFICERS & CORPORATE GOVERNANCE | 25 |
| EXECUTIVE COMPENSATION | 29 |
| CERTAIN RELATIONSHIPS & RELATED PARTY TRANSACTIONS | 30 |
| SECURITY OWNERSHIP OF MANAGEMENT & CERTAIN SECURITY HOLDERS | 31 |
| DESCRIPTION OF SECURITIES | 31 |
| MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS | 34 |
| PLAN OF DISTRIBUTION | 35 |
| ADDITIONAL INFORMATION ABOUT THE OFFERING | 36 |
| LEGAL MATTERS | 36 |
| EXPERTS | 36 |
| WHERE YOU CAN FIND MORE INFORMATION | 36 |
| SIGNATURES | 37 |
| EXHIBITS | 38 |
| INDEX TO FINANCIAL STATEMENTS | F-1 |

---

We are offering to sell, and seeking offers to buy, our securities only in jurisdictions where such offers and sales are permitted. You should rely only on the information contained in this Offering Circular. We have not authorized anyone to provide you with any information other than the information contained in this Offering Circular. The information contained in this Offering Circular is accurate only as of its date, regardless of the time of its delivery or of any sale or delivery of our securities. Neither the delivery of this Offering Circular nor any sale or delivery of our securities shall, under any circumstances, imply that there has been no change in our affairs since the date of this Offering Circular. This Offering Circular will be updated and made available for delivery to the extent required by the federal securities laws.

Unless otherwise indicated, data contained in this Offering Circular concerning the business of the Company are based on information from various public sources. Although we believe that these data are generally reliable, such information is inherently imprecise, and our estimates and expectations based on these data involve a number of assumptions and limitations. As a result, you are cautioned not to give undue weight to such data, estimates or expectations.

In this Offering Circular, unless the context indicates otherwise, references to "**HNOI**," "**we**," the "**Company**," "**our**," and "**us**" refer to the activities of and the assets and liabilities of the business and operations of our subsidiaries.

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

Some of the statements under "**Summary**," "**Risk Factors**," "**Management's Discussion and Analysis of Financial Condition and Results of Operations**," "**Our Business**" and elsewhere in this Offering Circular constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar matters that are not historical facts. In some cases, you can identify forward-looking statements by terms such as "**anticipate**", "**believe**," "**could**," "**estimate**," "**expect**," "**intend**," "**may**," "**plan**," "**potential**," "**should**," "**will**" and "**would**" or the negatives of these terms or other comparable terminology.

You should not place undue reliance on forward looking statements. The cautionary statements set forth in this Offering Circular, including in "Risk Factors" and elsewhere, identify important factors which you should consider in evaluating our forward-looking statements. These factors include, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;∙ Our ability to effectively execute our business plan, including without limitation our ability to fully
develop our marketing, tenders and requests for proposals, property due diligence, business model, products and service offerings, and
respond to the highly competitive and rapidly evolving marketplace and regulatory environment in which we intend to operate.

&nbsp;&nbsp;&nbsp;&nbsp;∙ Our ability to manage our research, development, expansion, growth and operating expenses.

&nbsp;&nbsp;&nbsp;&nbsp;∙ Our ability to evaluate and measure our business, prospects and performance metrics, and our ability to
differentiate our business model and service offerings.

&nbsp;&nbsp;&nbsp;&nbsp;∙ Our ability to respond and adapt to changes in commodity supply and demand fluctuations, regulations changing
in the municipal jurisdictions that affect our core property development, and technology, transactions that have secondary and tertiary
mandates; and

&nbsp;&nbsp;&nbsp;&nbsp;∙ Our ability to develop, maintain and enhance a strong brand.

Although the forward-looking statements in this Offering Circular are based on our beliefs, assumptions, and expectations, taking into account all information currently available to us, we cannot guarantee future transactions, results, performance, achievements or outcomes. No assurance can be made to any investor by anyone that the expectations reflected in our forward-looking statements will be attained, or that deviations from them will not be material and adverse. We undertake no obligation, other than as may be required by law, to re-issue this Offering Circular or otherwise make public statements updating our forward-looking statements.

**Summary of Risk Factors**

As with any business, HNOI faces various risk factors that could impact its success. Some of the key risks for HNOI include:

* Technological Risks: The hydrogen technology and engineering industries
are constantly evolving, and HNOI may face challenges in keeping up with new developments and advancements in the field.

* Market Risks: The market for green hydrogen products is rapidly growing
but also highly competitive. HNOI may face challenges in securing a significant market share and establishing itself as a key player in
the industry.

* Regulatory Risks: The regulatory environment for green hydrogen production
and use is constantly evolving, and HNOI may face challenges in navigating complex regulations and securing necessary permits and licenses.

* Supply Chain Risks: HNOI is dependent on the availability of raw
materials and components for its products. Disruptions in the supply chain could impact HNOI's ability to meet customer demands and maintain
its operations.

* Competition Risks: HNOI faces competition from established players
in the hydrogen technology and engineering industries, as well as new startups entering the market. HNOI may face challenges in differentiating
itself from its competitors and securing a significant market share.

* Financial Risks: HNOI's success is dependent on its ability to secure
funding and generate positive cash flows to support its operations and growth. Financial risks such as fluctuations in currency exchange
rates, inflation, and interest rates may impact HNOI's financial performance.

* Operational Risks: HNOI faces operational risks such as the potential
for equipment failures, natural disasters, and labor disputes, which could disrupt its operations and impact its ability to meet customer
demands.

These are some of the key risk factors for HNOI, and the company must carefully manage and mitigate these risks to ensure its success in the long term.

**OFFERING SUMMARY**

*This summary highlights selected information contained elsewhere in this Offering Circular. This summary is not complete and does not contain all the information that you should consider before deciding whether to invest in our Securities. You should carefully read the entire Offering Circular, including the risks associated with an investment in the company discussed in the "**Risk Factors**" section of this Offering Circular, before making an investment decision. Some of the statements in this Offering Circular are forward-looking statements. See the section entitled "**Cautionary Statement Regarding Forward-Looking Statements**."*

**The Offering**

---

| | |
|:---|:---|
| Securities offered by us: | Up to 75,000,000 shares of Common Stock by the Company. |
| Common Stock outstanding before the Offering: | 409,290,299 shares (based on number of shares outstanding as of March 20, 2023). |
| Common Stock outstanding after the Offering: | 484,290,299 shares (based on number of shares outstanding as of March 20, 2023). |
| Market for Common Stock: | Our common stock is quoted on the OTC Pink Markets under the symbol "HNOI." |
| Minimum Investment: | $1000.00 |

---

**THE COMPANY**

HNO International, Inc. was incorporated in the State of Nevada on May 2, 2005 under the name "American Bonanza Resources Limited." On August 4, 2009, the Company acquired Clenergen Corporation Limited (UK), a United Kingdom corporation ("Limited"), and succeeded to the business of Limited. Limited acquired the assets of Rootchange Limited, a biofuel and biomass research and development company, in April 2009. On March 19, 2009, the Company changes its name to Clenergen Corporation. On July 8, 2020, the Company changed its name to Excoin Ltd. and on August 31, 2021, the Company changed its name to HNO International, Inc. its current name.

**Principal Business of the Company**

HNO International focuses on systems engineering design, integration, and product development to generate green hydrogen-based clean energy solutions to help businesses and communities decarbonize in the near term.

HNO stands for Hydrogen and Oxygen- and our experienced management team has over 13 years of expertise in the green hydrogen production industry.

HNO International provides green hydrogen systems engineering design, integration, and products to multiple markets, which include: (i) the zero-emission vehicle and mobile equipment market consisting of hydrogen fuel cell electric passenger vehicles, material handling equipment such as forklifts and airport ground support equipment, as well as the medium and heavy-duty truck market; (ii) the current and emerging hydrogen gas markets encompassing ammonia, fertilizer, steel, mining, electronics, semiconductors, and fuel cell electric vehicles; (iii) and the gasoline and diesel engine emissions and maintenance reduction product and services market.

**Description of the Business**

HNOI is at the forefront of developing innovative integrated products that cater to various uses of green hydrogen, both current and future. These include:

&nbsp;&nbsp;&nbsp;&nbsp;· Hydrogen refueling and generation systems for Fuel Cell Electric vehicles, such as forklifts, drones,
cars, and trucks, as well as for zero-emission heating and cooking applications.

&nbsp;&nbsp;&nbsp;&nbsp;· Small to mid-scale green hydrogen production facilities with a capacity of 100kg/day to 5,000kg/day. These
facilities can help decarbonize industrial processes and increase the use of hydrogen and hydrogen-based fuels for transportation and
material handling.

&nbsp;&nbsp;&nbsp;&nbsp;· Hydrogen technologies that decrease emissions and maintenance for existing gasoline and diesel internal
combustion engines. This can aid companies in decarbonizing their operations in the short term.

The need for hydrogen refueling stations is growing as more fuel cell vehicles come on the road. Current solutions are expensive, require a long permitting and installation process, and consistently face outages. The HNOI Compact Hydrogen Refueling System (CHRS) seeks to solve these problems and address market demand.

The Company is also involved with Scalable Green Hydrogen Production (SGHP) where the volume of hydrogen that can be produced is from 100 Kilograms per day to over 2,000 (or more) kilograms per day for use in commercial applications such as fuel for transportation, power generation, and industrial processes, as well as in the production of chemicals and materials. HNOI also develops energy systems that complement the zero-emissions infrastructure, reduce harmful emissions such as black carbon and other greenhouse gasses, and cut maintenance costs of commercial diesel fleets. The Company designs and integrates components from leading industry partners in order to transition fossil fuels to cleaner burning alternatives which promote lower emissions.

**Hydrogen Refueling**

The market for hydrogen refueling stations is currently in a state of growth, as the use of hydrogen fuel cell electric vehicles (FCEVs) is becoming more popular. Governments, private companies, and research institutions around the world are investing in the development of hydrogen refueling infrastructure to support the growth of the FCEV market.

Currently, most hydrogen refueling stations are located in California, Germany, Japan, and South Korea. These countries have actively invested in developing hydrogen infrastructure and, as a result, have a larger number of stations available.

According to a report by MarketsandMarkets, the global hydrogen refueling station market size was valued at USD 1.7 billion in 2020 and is projected to reach USD 7.5 billion by 2025, at a CAGR of 34.5% during the forecast period.

However, the market for hydrogen refueling stations is still relatively small compared to other alternative fuels, such as electric charging stations. The high cost of building and maintaining hydrogen stations, lack of economies of scale, and lack of hydrogen production facilities, have hindered the market's growth.

Despite these challenges, the market for hydrogen refueling stations is expected to grow in the future as the number of FCEVs on the road increases and more countries begin to invest in the development of hydrogen infrastructure.

**Fuel Cell EV Growth**

The expected growth of fuel cell electric vehicles (FCEVs) is projected to be significant in the coming years. According to a report by MarketsandMarkets, the global fuel cell electric vehicle market size is projected to reach 1.63 million units by 2030, growing at a CAGR of 42.2% during the forecast period of 2025 to 2030.

This growth is driven by several factors, including increasing government support and funding for the development of hydrogen infrastructure, advancements in fuel cell technology, and increasing consumer awareness and acceptance of FCEVs.

In addition, many countries have set ambitious targets to reduce greenhouse gas emissions, and deploying FCEVs is seen as a key measure to achieving these goals.

However, it's worth noting that the expected growth of FCEVs is highly dependent on the success of the hydrogen economy and the availability of hydrogen fueling stations. The growth of FCEVs also depends on the cost of hydrogen and the competition with other technologies such as battery electric vehicles.

Overall, the growth of FCEVs is expected to be significant in the coming years, but the growth rate may vary depending on the region and the success of the hydrogen economy.

**Current Problems**

There are several common problems associated with current hydrogen refueling stations:

&nbsp;&nbsp;&nbsp;&nbsp;1. Cost: Building and maintaining hydrogen refueling stations can be expensive, and the high cost can be
a barrier to the widespread deployment of the technology.

&nbsp;&nbsp;&nbsp;&nbsp;2. Limited availability: Hydrogen fueling stations are currently much less common than gasoline or electric
charging stations, which can make it difficult for FCEV owners to find a refueling location.

&nbsp;&nbsp;&nbsp;&nbsp;3. Complexity: Hydrogen fueling stations are complex systems that require specialized knowledge and training
to operate and maintain.

&nbsp;&nbsp;&nbsp;&nbsp;4. Safety concerns: Hydrogen is a highly flammable gas, and there are concerns about the safety of storing
and dispensing it at refueling stations.

&nbsp;&nbsp;&nbsp;&nbsp;5. Hydrogen production: One of the major challenges with hydrogen refueling stations is their limited access
to locally produced hydrogen, often relying on hydrogen created using processes that generate pollution, such as steam methane reforming,
which undermines the environmental benefits of using hydrogen as a fuel source.

&nbsp;&nbsp;&nbsp;&nbsp;6. Lack of standardization: There is currently no standardization in the design and operation of hydrogen
fueling stations, which can make it difficult for different types of vehicles to refuel at different stations.

&nbsp;&nbsp;&nbsp;&nbsp;7. Limited production capacity: The current capacity of hydrogen production is limited, which can make
it difficult to supply enough hydrogen to meet the increasing demand for FCEVs.

&nbsp;&nbsp;&nbsp;&nbsp;8. Lack of economies of scale: The small number of hydrogen stations and vehicles currently in operation
makes it difficult to achieve economies of scale and reduce costs.

Overall, current hydrogen refueling stations face several challenges, but with ongoing research and development, these issues can be addressed and overcome in the future.

**HNOI's Unique Solution**

**Compact and modular**

The HNOI Compact Hydrogen Refueling System (CHRS) delivers modular, compact green hydrogen refueling stations and could have significant value in the growing hydrogen fuel cell electric vehicle (FCEV) market. These types of stations are designed to be compact, easy to install, and highly efficient, which can help to reduce the cost of building and maintaining the typical hydrogen refueling stations.

One of the main advantages of CHRS is that they can be quickly and easily deployed in various locations, such as urban areas, parking garages, residential locations, along highway corridors, even at a consumer's home. They can be quickly located with a smartphone app, and once located, the hydrogen availability can be determined and the hours of operation of the station. Because of the way the current infrastructure is set up, including the lack of hydrogen production on-site, it is often impossible for a customer to know if they will even be able to get fuel or not until they actually arrive at one of the extremely limited refueling locations. The CHRS system will increase the availability of hydrogen fueling options for FCEV owners, making it easier for them to refuel their vehicles and for manufacturers to sell their hydrogen vehicles because of the availability of hundreds of fueling stations.

Another advantage of these stations is that they can be easily expanded as the demand for hydrogen fuel increases. This can help to ensure that there is always enough hydrogen available to meet the needs of FCEV owners.

Overall, a product that delivers modular, compact green hydrogen refueling stations can be a disruptive factor and help to spur the growth of the FCEV market, by making it more convenient, affordable, and environmentally friendly for FCEV owners to refuel their vehicles, and it can help to support the growth of the hydrogen economy.

**Scalable Green Hydrogen Production**

Unlike traditional large-scale hydrogen production plants, HNOI's plants are smaller, low-cost, and quicker to permit, install, and scale. One of the key benefits of HNOI's approach is the use of low-cost, PGM-free electrolysis technology. This technology eliminates the need for expensive and rare platinum group metals, making green hydrogen production more sustainable and cost-effective. This is particularly important in today's market, where the price of these metals has been increasing, making traditional hydrogen production more expensive.

Another benefit of HNOI's approach is the ability to scale green hydrogen production quickly. HNOI's plants are designed to be quickly installed and operational, allowing them to respond quickly to changes in market demand. This is important as the green hydrogen market is rapidly growing, and companies need a reliable source of clean energy to meet this demand.

In addition, HNOI's approach is more environmentally friendly than traditional hydrogen production methods. The company uses renewable energy sources such as wind and solar power to produce green hydrogen, reducing the carbon footprint of hydrogen production. This is becoming increasingly important as more companies seek to adopt clean energy solutions and reduce their environmental impact.

HNOI also has a robust supply chain, sourcing high-quality equipment from trusted suppliers. This ensures that their plants are reliable and efficient, reducing the risk of production disruptions and increasing the overall value of their services to customers.

In the case of Scalable Green Hydrogen Production where the volume of hydrogen that can be produced is from 100 Kilograms per day to over 2,000 (or more) kilograms per day we can service current and emerging hydrogen gas markets, including ammonia, fertilizer, steel, mining, electronics, semiconductors, in addition to fuel cell refueling stations.

**Existing Engines**

HNO is manufacturing custom hydrogen carbon cleaning equipment for engine service providers in the engine cleaning industry. Hydrogen can is currently used for Internal Combustion Engine (ICE) decarbonization and maintenance prevention market through manufacturing hydrogen carbon cleaning equipment for engine service providers.

HNO, as a technology company, has been actively developing and integrating hydrogen technologies that can effectively reduce diesel engine emissions and maintenance requirements. By using hydrogen, HNO's technology can significantly reduce harmful emissions such as particulate matter, nitrogen oxides, and carbon dioxide, while also improving engine performance and extending engine life.

**Corporate Growth Strategy**

Our growth strategy focuses on expanding our product offerings and target markets. This will be achieved through ongoing research and development to identify new opportunities, as well as strategic partnerships and collaborations with key players in our target markets.

We will target our products to businesses and communities that are looking to decarbonize. Our sales and marketing strategies will focus on building relationships with key players in our target markets, such as current users of industrial hydrogen, the emerging hydrogen refueling market, hydrogen vehicle manufacturers, engine service providers and diesel fleet operators.

**Market Competition**

The market is currently dominated by industrial gas producers using Steam Methane Reforming (SMR) which use carbon based feedstock as the energy input for the hydrogen production. The result of these methods results in gray and black (residual carbon footprint. hydrogen production.

Major competitors in the traditional hydrogen production market are represented by the following companies:

Praxair Air Products and Chemicals Linde <br> Air Liquide Messer Group BOC <br> Air Gas Matheson Tri-gas Advanced Gas Technologies

These and other current hydrogen producers will require significant investment in infrastructure for carbon capture technologies to meet the emerging requirements for clean energy generation.

HNO International is focused on the production of green hydrogen, using renewable energy as the input power to produce green hydrogen with no carbon footprint. HNO International is an innovator in this emergent marketplace. While HNO is a market leader, there are a few early competitors in green hydrogen, such as Nel, Plug Power, ITM Power, and Nikola.

HNO International alternatively teams or competes with these green hydrogen companies, depending on the specific market opportunity.

**Our Competitive Strengths**

HNOI's competitive strengths include:

Focus on Low-Cost Technologies: HNOI's focus on integrating proven low-cost technologies sets it apart from competitors, as it allows the company to offer its products at a more affordable price point.

Comprehensive Portfolio of Products: HNOI offers a wide range of products, including hydrogen cleaning equipment for engine service providers, hydrogen delivery systems for diesel engines, and green hydrogen production systems for various markets. This comprehensive portfolio of products sets HNOI apart from competitors that focus on a limited range of products.

Strong Technical Expertise: HNOI has a strong team of technical experts with extensive knowledge and experience in the hydrogen technology and engineering industries. This expertise gives HNOI a competitive advantage in developing and offering high-quality products that meet customer demands.

Strong Partnerships: HNOI has established partnerships with key players in the hydrogen technology and engineering industries, which enhances its ability to secure new customers and expand its reach in the market.

Innovative Solutions: HNOI's focus on innovation and continuous improvement sets it apart from competitors, as the company is constantly developing new and improved products and solutions to meet the changing needs of its customers.

Commitment to Sustainability: HNOI is committed to promoting sustainability and reducing carbon emissions, which aligns with the growing demand for green hydrogen products and services.

**Current Market**

There is growing demand for decarbonization solutions, and green hydrogen has emerged as a key technology for meeting the world's emissions reduction goals. Our target markets have different needs and challenges, but all can benefit from the benefits that green hydrogen can offer.

According to a report by MarketsandMarkets, the global growth for hydrogen consumption is projected to grow from $11.6B in 2022 to $90B in 2030, growing by a 55% CAGR. HNO International is focused on developing and deploying small to medium green hydrogen production, storage and dispensing systems to satisfy the projected growth of the green hydrogen market.

**Property Descriptions**

The company operates out of an approximately 5,000 square foot facility in Murrieta, California and is establishing a location in Houston Texas for its Scalable Green Hydrogen Production farms.

**Environmental**

HNO International operations do not pose an environmental risk, and we have no past environmental violations. We also do not require special environmental permits to conduct our business activities.

We follow standard policies and procedures for environmental compliance and risk management. Our company prioritizes environmental sustainability and continuously strives to improve our environmental performance.

We recognize that emerging climate change and other environmental issues present potential risks to any business. However, these risks only underscore the need for HNOI's products and services. As we continue to grow and expand our business, we will remain vigilant in identifying and addressing potential environmental risks. We want to highlight that our supply chains are diverse and well-shielded, reducing the potential environmental risks associated with our business operations. We work closely with our suppliers to ensure their environmental practices align with our standards. We continuously monitor and evaluate our supply chains to identify potential environmental risks.

We will follow standard procedures for any environmental insurance coverage or other risk management strategies that the company has in place. We are committed to protecting the environment and ensuring our business operations are conducted environmentally.

**Intellectual Property**

HNOI holds exclusive rights to several patents, which are listed in the table below. These patents represent the innovative intellectual property and data that are unique to HNOI and are used in our product designs. They provide a significant competitive advantage for HNOI in the markets we serve. The table includes the country, application number, patent number, and title of each patent, as well as its status.

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| | | | | |
|:---|:---|:---|:---|:---|
| **COUNTRY** | &nbsp;&nbsp;**APPLN NO** | **Patent Number** | &nbsp;&nbsp;**TITLE** | &nbsp;&nbsp;&nbsp;**STATUS** |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>13/844,267 | &nbsp;&nbsp; <br>8757107 | &nbsp;&nbsp;HYDROGEN SUPPLEMENTAL SYSTEM FOR ON-DEMAND HYDROGEN GENERATION FOR INTERNAL COMBUSTION ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>13/922,351 | &nbsp;&nbsp; <br>9453457 | &nbsp;&nbsp;HYDROGEN SUPPLEMENTAL SYSTEM FOR ON-DEMAND HYDROGEN GENERATION FOR INTERNAL COMBUSTION ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>14/016,388 | &nbsp;&nbsp; <br>9476357 | &nbsp;&nbsp;METHOD AND APPARATUS FOR INCREASING COMBUSTION EFFICIENCY AND REDUCING PARTICULATE MATTER EMISSIONS IN JET ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>14/326,801 | <br>9267468 | &nbsp;&nbsp;HYDROGEN SUPPLEMENTAL SYSTEM FOR ON-DEMAND HYDROGEN GENERATION FOR INTERNAL COMBUSTION ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>17/047,041 | &nbsp;&nbsp; <br>10920717 | HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY AND REDUCING EMISSIONS OF INTERNAL COMBUSTION AND/OR DIESEL ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| <br>AUSTRALIA | &nbsp;&nbsp; <br>2019405749 | &nbsp;&nbsp; <br>2019405749 | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY AND REDUCING EMISSIONS OF INTERNAL COMBUSTION AND/OR DIESEL ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br> CHINA | &nbsp;&nbsp;201980092511.1 |  | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY | &nbsp;&nbsp;&nbsp; <br> Pending |
| &nbsp;&nbsp;&nbsp;&nbsp; <br> EUROPE | <br> 19900413.6. |  | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY | &nbsp;&nbsp;&nbsp; <br> Pending |
| &nbsp;&nbsp;&nbsp;&nbsp; <br> JAPAN | &nbsp;&nbsp; <br> 2021-535288 |  | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY | &nbsp;&nbsp;&nbsp; <br> Pending |

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**RISK FACTORS**

This offering involves a high degree of risk. You should carefully consider the risks and uncertainties described below in addition to the other information contained in this offering circular before deciding whether to invest in shares of Company's Common Stock. If any of the following risks occur, our business, financial condition or operating results could be harmed. In that case, you may lose part or all of your investment. In the opinion of management, the risks discussed below represent the material risks known to the company. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also impair our business operations and adversely affect the investment of Common Stock. You should purchase our Common Stock only if you can afford a complete loss of your investment. You should consider all the risks before buying Company's Common Stock, which may include:

There are several risks that you should carefully consider before making an investment decision regarding this offering. These risks are discussed more fully in the section entitled "Risk Factors." You should read and carefully consider these risks and all of the other information in this prospectus, including the financial statements and the related notes thereto included in this prospectus, before deciding whether to invest in our securities. If any of these risks actually occur, our business, financial condition, operating results and cash flows could be materially adversely affected. In such case, the trading price of our securities would likely decline, and you may lose all or part of your investment. These risk factors include, but are not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;∙ limited operating history and net losses;

&nbsp;&nbsp;&nbsp;&nbsp;∙ unpredictable events, such as the COVID-19 outbreak, and associated business disruptions;

&nbsp;&nbsp;&nbsp;&nbsp;∙ changes in laws, regulations and guidelines;

&nbsp;&nbsp;&nbsp;&nbsp;∙ decrease in demand for hydrogen solutions and systems due to certain research findings, proceedings, or
negative media attention;

&nbsp;&nbsp;&nbsp;&nbsp;∙ damage to reputation as a result of negative publicity;

&nbsp;&nbsp;&nbsp;&nbsp;∙ exposure to product liability claims, actions and litigation;

&nbsp;&nbsp;&nbsp;&nbsp;∙ risks associated with product recalls;

&nbsp;&nbsp;&nbsp;&nbsp;∙ product viability;

&nbsp;&nbsp;&nbsp;&nbsp;∙ continuing research and development efforts to respond to technological and regulatory changes;

&nbsp;&nbsp;&nbsp;&nbsp;∙ maintenance of effective quality control systems;

&nbsp;&nbsp;&nbsp;&nbsp;∙ changes to energy prices and supply;

&nbsp;&nbsp;&nbsp;&nbsp;∙ risks associated with expansion into new jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;∙ regulatory compliance risks; and

&nbsp;&nbsp;&nbsp;&nbsp;∙ potential delisting resulting in reduced liquidity of our Common Shares.

**Risks Related to our Business and Industry**

Potential investors should carefully consider the risks and uncertainties that a company with a limited operating history will face. Potential investors should consider that we may be unable to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Successfully implement or execute our business plan, or that our business plan is sound.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Adjust to changing conditions or keep pace with increased demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Attract and retain an experienced management team; or raise sufficient funds in the capital markets to
effectuate our business plan, including product development, licensing and approvals.

**<u>General Risks</u>**

***The Company is a Smaller Reporting Company***

HNOI (as this is the name of the ticker symbol) is a "smaller reporting company." Investing in our Common Stock involves a high degree of risk.

● We may be unable to invest the proceeds of this offering on acceptable terms, or at all.

● We are dependent on our key personnel for our success. The departure of any of our executive officers or key personnel could have a material adverse effect on our business.

● Our growth depends on external sources of capital, which may not be available on favorable terms or at all.

● Investors participating in this offering will incur immediate dilution.

***It is possible investors may lose their entire investment.***

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We will be reliant on the proceeds of this offering to expand our operations. We may not be successful in implementing our business strategy or that we will be successful in achieving our objectives. Our prospects for success must be considered in the context of a thinly capitalized company in a highly competitive market. As a result, investors may lose their entire investment.

**<u>Market Risks</u>**

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***We may be unable to successfully execute and operate our green hydrogen production projects and such projects may cost more and take longer to complete than we expect.***

As part of our vertical integration strategy, the Company is developing and constructing green hydrogen production facilities at locations across the United States and Canada. Our ability to successfully complete and operate these projects is not guaranteed. These projects will impact our ability to meet and supplement the hydrogen demands for our products and services, for both existing and prospective customers. Our hydrogen production projects are dependent, in part, upon the Company's ability to meet our internal demand for electrolyzers required for such projects. Electrolyzer demand by external customers may concurrently affect the Company's ability to meet the internal electrolyzer demand from our hydrogen production projects. The timing and cost to complete the construction of our hydrogen production projects are subject to a number of factors outside of our control and such projects may take longer and cost more to complete and become operational than we expect.

Furthermore, the viability and competitiveness of our green hydrogen production facilities will depend, in part, upon favorable laws, regulations, and policies related to hydrogen production. Some of these laws, regulations, policies are nascent, and there is no guarantee that they will be favorable to our projects. Additionally, our facilities will be subject to numerous and new permitting, regulations, laws, and policies, many of which might vary by jurisdiction. Hydrogen production facilities are also subject to robust competition from well-established multi-national companies in the energy industry. There is no guarantee that our hydrogen production strategy will be successful, amidst this competitive environment.

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***We will continue to be dependent on certain third-party key suppliers for components in our products. The failure of a supplier to develop and supply components in a timely manner or at all, or our inability to obtain substitute sources of these components on a timely basis or on terms acceptable to us, could impair our ability to manufacture our products or could increase our cost of production.***

We rely on certain key suppliers for critical components in our products, and there are numerous other components for our products that are sole sourced. If we fail to maintain our relationships with our suppliers or build relationships with new suppliers, or if suppliers are unable to meet our demand, we may be unable to manufacture our products, or our products may be available only at a higher cost or after a delay. In addition, to the extent that our supply partners use technology or manufacturing processes that are proprietary, we may be unable to obtain comparable components from alternative sources. Furthermore, we may become increasingly subject to domestic content sourcing requirements and Buy America preferences, as required under certain United States federal infrastructure funding sources. Domestic content preferences and Buy America requirements potential mandate that our Company source certain components and materials from within the United States. Conformity with these provisions potentially depends upon our ability to increasingly source components or certain materials from within the United States. An inability to meet these requirements could have a material adverse effect on the Company's ability to successfully compete for certain projects or awards utilizing federal funds subject to such mandates.

The failure of a supplier to develop and supply components in a timely manner or at all, or to develop or supply components that meet our quality, quantity and cost requirements, or our inability to obtain substitute sources of these components on a timely basis or on terms acceptable to us, could impair our ability to manufacture our products or could increase our cost of production. If we cannot obtain substitute materials or components on a timely basis or on acceptable terms, we could be prevented from delivering our products to our customers within required timeframes. Any such delays could result in sales and installation delays, cancellations, penalty payments or loss of revenue and market share, any of which could have a material adverse effect on our business, results of operations, and financial condition.

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***Our products and services face intense competition.***

The markets for energy products, including PEM fuel cells, electrolyzers, and hydrogen production are intensely competitive. Some of our competitors are much larger than we are and may have the manufacturing, marketing and sales capabilities to complete research, development, and commercialization of profitable, commercially viable products more quickly and effectively than we can. There are many companies engaged in all areas of traditional and alternative energy generation in the United States and abroad, including, among others, major electric, oil, chemical, natural gas, battery, generator and specialized electronics firms, as well as universities, research institutions and foreign government-sponsored companies. These firms are engaged in forms of power generation such as advanced battery technologies, generator sets, fast charged technologies and other types of fuel cell technologies. Well established companies might similarly seek to expand into new types of energy products, including PEM fuel cells, electrolyzers, or hydrogen production. Additionally, some competitors may rely on other different competing technologies for fuel cells, electrolyzers, or hydrogen production. We believe our technologies have many advantages. In the near future, we expect the demand for these products – electrolyzers in particular – to largely offset any hypothetical market preference for competing technologies. However, changes in customer preferences, the marketplace, or government policies could favor competing technologies. The primary current value proposition for our fuel cell customers stems from productivity gains in using our solutions. Longer term, given evolving market dynamics and changes in alternative energy tax credits, if we are unable to successfully develop future products that are competitive with competing technologies in terms of price, reliability and longevity, customers may not buy our products. Technological advances in alternative energy products, battery systems or other fuel cell, electrolyzer, or hydrogen technologies may make our products less attractive or render them obsolete.

**<u>Risks Related to Financing Our Business</u>**

***Expenses required to operate as a public company will reduce funds available to develop our business and could negatively affect our stock price and adversely affect our results of operations, cash flow and financial condition.***

Operating as a public company is more expensive than operating as a private company, including additional funds required to obtain outside assistance from legal, accounting, investor relations, or other professionals that could be more costly than planned. We may also be required to hire additional staff to comply with SEC reporting requirements. We anticipate that these costs will be approximately $100,000 annually. Our failure to comply with reporting requirements and other provisions of securities laws could negatively affect our results of operations, cash flow and financial condition

***Our growth depends on external sources of capital, which may not be available on favorable terms or at all. In addition, investors, banks and other financial institutions may be reluctant to enter into any lending or financial transactions with us, because we intend to enter into a mining excavation operation that could have environmental impacts if not managed properly. If any of the source of funding is unavailable to us, our growth may be limited, and our operating profit may be impaired.***

We may not be in a position to take advantage of attractive investment opportunities for growth if we are unable, due to global or regional economic uncertainty, changes in the provincial or federal regulatory environment relating to the extraction, processing and distribution of our products or otherwise, to access capital markets on a timely basis and on favorable terms or at all. Because we intend to grow our business, this limitation may require us to raise additional equity or incur debt at a time when it may be disadvantageous to do so.

Our access to capital will depend upon several factors over which we have little or no control, including general market conditions and the market's perception of our current and potential future earnings. If general economic instability or downturn leads to an inability to obtain capital to finance, the operation could be negatively impacted. In addition, investors, banks and other financial institutions may be reluctant to enter into financing transactions with us, because we intend to operate a mining excavation operation. If this source of funding is unavailable to us, our growth may be limited.

Our ability to raise funding is subject to all the above factors and will also be affected by our future financial position, results of operations and cash flows. All these events would have a material adverse effect on our business, financial condition, liquidity, and results of operations.

***Any future indebtedness reduces cash available for distribution and may expose us to the risk of default under debt obligations that we may incur in the future.***

Payments of principal and interest on borrowings that we may incur in the future may leave us with insufficient cash resources to operate the business. Our level of debt and the limitations imposed on us by debt agreements could have significant material and adverse consequences, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;∙ our cash flow may be insufficient to meet our required principal and interest payments;

&nbsp;&nbsp;&nbsp;&nbsp;∙ we may be unable to borrow additional funds as needed or on favorable terms;

&nbsp;&nbsp;&nbsp;&nbsp;∙ we may be unable to refinance our indebtedness at maturity or the refinancing terms may be less favorable
than the terms of our original indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;∙ to the extent we borrow debt that bears interest at variable rates, increases in interest rates could
materially increase our interest expense;

&nbsp;&nbsp;&nbsp;&nbsp;∙ we may default on our obligations or violate restrictive covenants; in which case the lenders may accelerate
these debt obligations; and

&nbsp;&nbsp;&nbsp;&nbsp;∙ default under any loan with cross default provisions could result in a default on other indebtedness.

If any one of these events were to occur, our financial condition, results of operations, cash flow, and our ability to make distributions to our shareholders could be materially and adversely affected.

**<u>Risks Related to Our Business</u>**

***HNOI has a limited operating history.***

HNOI has limited operating history. We will, in all likelihood, sustain operating expenses without corresponding revenues, at least for the foreseeable future. We can make no assurances that we will be able to effectuate our strategies or otherwise to generate sufficient revenue to continue operations.

During the year ended October 31, 2022, the Company's total revenue was $34,450, and had a net loss of $1,071,309.

Our estimates of capital, personnel, equipment, and facilities required for our proposed operations are based on certain other existing businesses operating under projected business conditions and plans. We believe that our estimates are reasonable, but it is not possible to determine the accuracy of such estimates at this point. In formulating our business plan, we have relied on the judgment of our officers and directors and their experience in developing businesses. We can make no assurances that we will be able to obtain sufficient financing or implement successfully the business plan we have devised. Further, even with sufficient financing, there can be no assurance that we will be able to operate our business on a profitable basis. We can make no assurances that our projected business plan will be realized or that any of our assumptions will prove to be correct.

We are subject to a variety of possible risks that could adversely impact our revenues, results of operations or financial condition. Some of these risks relate to general economic and financial conditions, while others are more specific to us and the carbon emissions industry in which we operate. The following factors set out potential risks we have identified that could adversely affect us. The risks described below may not be the only risks we face. Additional risks that we do not yet know of, or that we currently think are immaterial, could also have a negative impact on our business operations or financial condition. See also *Statement Regarding Forward-Looking Disclosure*.

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***We operate in a highly competitive industry.***

The climate and carbon treatment business is highly competitive and constantly changing. Our competitors include not only other large multinational companies, but also smaller entities that operate in local or regional markets as well as new forms of market participants.

Competitive challenges also arise from rapidly-evolving and new technologies in the carbon capture space, creating opportunities for new and existing competitors and a need for continued significant investment in research and development.

A number of our existing or potential competitors may have substantially greater financial, technical, and marketing resources, larger investor bases, greater name recognition, and more established relationships with their investors, and more established sources of deal flow and investment opportunities than we do. This may enable our competitors to: develop and expand their services and develop infrastructure more quickly and achieve greater scale and cost efficiencies; adapt more quickly to new or emerging markets and opportunities, strategies, techniques, technologies, and changing investor needs; take advantage of acquisitions and other market opportunities more readily; establish operations in new markets more rapidly; devote greater resources to the marketing and sale of their products and services; adopt more aggressive pricing policies; and provide clients with additional benefits at lower overall costs in order to gain market share. If our competitive advantages are not compelling or sustainable and we are not able to effectively compete with larger competitors, then we may not be able to increase or sustain cash flow.

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 ***We will need to raise funding, which may not be available on acceptable terms, or at all. Failure to obtain this necessary capital when needed may force us to delay, limit or terminate our product development efforts or other operations.***

We will need to seek funds soon, through public or private equity or debt financings, government or other third-party funding, marketing and distribution arrangements and other collaborations, strategic alliances or a combination of these approaches. Raising funds in the current economic environment may present additional challenges. It is not certain that we have accounted for all costs and expenses of future development and regulatory compliance. Even if we believe we have sufficient funds for our current or future operating plans, we may seek additional capital if market conditions are favorable or if we have specific strategic considerations.

***Our future growth may be limited.***

The Company's ability to achieve its expansion objectives and to manage its growth effectively depends upon a variety of factors, including the Company's ability to further develop use of methodology, solutions and systems, to attract and retain skilled employees, to successfully position and market the Company, to protect its existing intellectual property, to capitalize on the potential opportunities it is pursuing with third parties, and sufficient funding. To accommodate growth and compete effectively, the Company will need working capital to maintain adequate operating levels, develop additional procedures and controls and increase, train, motivate and manage its work force. There is no assurance that the Company's personnel, systems, procedures and controls will be adequate to support its potential future operations.

***We rely on key personnel.***

The Company's success also will depend in large part on the continued service of its key operational and management personnel, including executive staff, research and development, engineering, marketing and sales staff The Company faces intense competition from its competitors, customers and other companies throughout the industry. Any failure on the Company's part to hire, train and retain a sufficient number of qualified professionals could impair the business of the Company.

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***We may need to defend ourselves against intellectual property infringement claims, which may be time-consuming and cause us to incur substantial costs.***

Companies, organizations or individuals, including our competitors, may own or obtain intellectual property or other proprietary rights that would prevent or limit our ability to make, use, develop or sell our concept, which could make it more difficult for us to operate our business. We may receive inquiries from intellectual property owners inquiring whether we infringe their proprietary rights.

***Our business may be adversely affected if we are unable to protect our intellectual property rights from unauthorized use by third parties.***

Failure to adequately protect our intellectual property rights could result in our competitors offering similar products, potentially resulting in the loss of some of our competitive advantage, and a decrease in our revenue which would adversely affect our business, prospects, financial condition and operating results. Our success depends, at least in part, on our ability to protect our core methodology and intellectual property. To accomplish this, we will rely on a combination of intellectual property, trade secrets (including know-how), employee and third-party nondisclosure agreements, copyright, trademarks, intellectual property licenses and other contractual rights to establish and protect our rights in our technology. Patent, trademark, and trade secret laws vary significantly throughout the world.

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***Confidentiality agreements with employees and others may not adequately prevent disclosure of trade secrets and other proprietary information.***

In order to protect our proprietary technology and processes, we also rely in part on confidentiality agreements with our employees, consultants, outsource manufacturers and other advisors. These agreements may not effectively prevent disclosure of confidential information and may not provide an adequate remedy in the event of unauthorized disclosure of confidential information. In addition, others may independently discover trade secrets and proprietary information. Costly and time-consuming litigation could be necessary to enforce and determine the scope of our proprietary rights, and failure to obtain or maintain trade secret protection could adversely affect our competitive business position.

***We may not be successful in our potential business combinations.***

The Company may, in the future, pursue acquisitions of other complementary businesses and technology licensing arrangements. The Company may also pursue strategic alliances and joint ventures that leverage its core products and industry experience to expand its product offerings and geographic presence. The Company has limited experience with respect to acquiring other companies and limited experience with respect to forming collaborations, strategic alliances and joint ventures.

If the Company were to make any acquisitions, it may not be able to integrate these acquisitions successfully into its existing business and could assume unknown or contingent liabilities. Any future acquisitions the Company makes, could also result in large and immediate write-offs or the incurrence of debt and contingent liabilities, any of which could harm the Company's operating results. Integrating an acquired company also may require management resources that otherwise would be available for ongoing development of the Company's existing business.

 **

***Any future indebtedness reduces cash available for distribution and may expose us to the risk of default under debt obligations that we may incur in the future.***

 **

Payments of principal and interest on borrowings that we may incur in the future may leave us with insufficient cash resources to operate the business. Our level of debt and the limitations imposed on us by debt agreements could have significant material and adverse consequences, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;· Our cash flow may be insufficient to meet our required principal and interest payments;

&nbsp;&nbsp;&nbsp;&nbsp;· We may be unable to borrow additional funds as needed or on favorable terms, or at all;

&nbsp;&nbsp;&nbsp;&nbsp;· We may be unable to refinance our indebtedness at maturity or the refinancing terms may be less favorable
than the terms of our original indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;· To the extent we borrow debt that bears interest at variable rates, increases in interest rates could
materially increase our interest expense;

&nbsp;&nbsp;&nbsp;&nbsp;· We may default on our obligations or violate restrictive covenants, in which case the lenders may accelerate
these debt obligations; and

&nbsp;&nbsp;&nbsp;&nbsp;· Our default under any loan with cross default provisions could result in a default on other indebtedness.

If any one of these events were to occur, our financial condition, results of operations, cash flow, and our ability to make distributions to our shareholders could be materially and adversely affected.

***Our results of operations are highly susceptible to unfavorable economic conditions.***

We are exposed to risks associated with weak or uncertain regional or global economic conditions and disruption in the financial markets. The global economy continues to be challenging in some markets. Uncertainty about the strength of the global economy generally, or economic conditions in certain regions or market sectors, and a degree of caution on the part of some marketers, can have an effect on the demand for advertising and marketing communication services. In addition, market conditions can be adversely affected by natural and human disruptions, such as natural disasters, severe weather events, military conflict or public health crises. Our industry can be affected more severely than other sectors by an economic downturn and can recover more slowly than the economy in general. In the past, some clients have responded to weak economic and financial conditions by reducing their marketing budgets, which include discretionary components that are easier to reduce in the short term than other operating expenses. This pattern may recur in the future. Furthermore, unexpected revenue shortfalls can result in misalignments of costs and revenues, resulting in a negative impact to our operating margins. If our business is significantly adversely affected by unfavorable economic conditions or other market disruptions that adversely affect client spending, the negative impact on our revenue could pose a challenge to our operating income and cash generation from operations.

***We may not be able to meet our performance targets and milestones.***

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From time to time, we communicate to the public certain targets and milestones for our financial and operating performance that are intended to provide metrics against which to evaluate our performance. They should not be understood as predictions or guidance about our expected performance. Our ability to meet any target or milestone is subject to inherent risks and uncertainties, and we caution investors against placing undue reliance on them. See *Statement Regarding Forward-Looking Disclosure*.

***We have limited personal liability.***

Our Certificate of Incorporation and Bylaws generally provide that the liability of our officers and directors will be eliminated to the fullest extent allowed under law for their acts on behalf of our Company.

***<u>Risks Related to Regulation</u>***

***Applicable state and international laws may prevent us from maximizing our potential income.***

 **

Depending on the laws of each particular State, we may not be able to fully realize our potential to generate profit. Furthermore, cities and counties are being given broad discretion to use other carbon capture methodologies. Depending on the laws of international countries and the States, we might not be able to fully realize our potential to generate profit.

**<u>Risks Related to Our Stockholders and Purchasing Shares of Common Stock</u>**

***Your percentage of ownership may become diluted if we issue new Common Stock or other securities, including shares that are eligible for exchange.***

Our board of directors is authorized, without your approval, to cause us to issue additional Common Stock to raise capital through the issuance of Common Stock (including equity or debt securities convertible into Common Stock), and other rights, on terms and for consideration as our board of directors in its sole discretion may determine. Any such issuance could result in dilution of the equity of our shareholders.

***We may be exposed to potential risks relating to our internal control over financial reporting.***

As directed by Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX 404"), the SEC has adopted rules requiring public companies to include a report of management on the Company's internal control over financial reporting in its annual reports. While we expect to expend significant resources in developing the necessary documentation and testing procedures required by SOX 404, there is a risk that we will not comply with all of the requirements imposed thereby. At present, there is no precedent available with which to measure compliance adequately. In the event we identify significant deficiencies or material weaknesses in our internal control over financial reporting that we cannot remediate in a timely manner, investors and others may lose confidence in the reliability of our financial statements and our ability to obtain equity or debt financing could suffer.

***We have many authorized but unissued shares of our common stock.***

We have a large number of authorized but unissued shares of common stock, which our management may issue without further stockholder approval, thereby causing dilution of your holdings of our common stock. Our management will continue to have broad discretion to issue shares of our common stock in a range of transactions, including capital-raising transactions, mergers, acquisitions, and other transactions, without obtaining stockholder approval, unless stockholder approval is required. If our management determines to issue shares of our common stock from the large pool of authorized but unissued shares for any purpose in the future, your ownership position would be diluted without your further ability to vote on that transaction.

  ****

***The market valuation of our business may fluctuate due to factors beyond our control and the value of your investment may fluctuate correspondingly.***

 

The market valuation of emerging growth companies, such as us, frequently fluctuate due to factors unrelated to the past or present operating performance of such companies. Our market valuation may fluctuate significantly in response to a number of factors, many of which are beyond our control, including:

* Changes in securities analysts' estimates of
our financial performance, although there are currently no analysts covering our stock;

* Fluctuations in stock market prices and volumes,
particularly among securities of emerging growth companies;

* Changes in market valuations of similar companies;

* Announcements by us or our competitors of significant
contracts, new technologies, acquisitions, commercial relationships, joint ventures or capital commitments;

* Variations in our quarterly operating results;

* Fluctuations in related labor cost; and

* Additions or departures of key personnel.

As a result, the value of your investment in us may fluctuate.

***We have never paid dividends on our common stock.***

We have never paid cash dividends on our common stock and do not presently intend to pay any dividends in the foreseeable future. Investors should not look to dividends as a source of income.

In the interest of reinvesting initial profits back into our business, we do not intend to pay cash dividends in the foreseeable future. Consequently, any economic return will initially be derived, if at all, from appreciation in the fair market value of our stock, and not as a result of dividend payments.

**THE OFFERING**

**REGULATION A**

We are offering our Common Stock pursuant to recently adopted rules by the Securities and Exchange Commission mandated under the Jumpstart Our Business Start-ups Act of 2012, or the JOBS Act. These offering rules are often referred to as "Regulation A." We are relying upon "Tier 2" of Regulation A, which allows us to offer of up to $75 million in a 12-month period.

In accordance with the requirements of Tier 2 of Regulation A, we will be required to publicly file annual, semi-annual, and current event reports with the Securities and Exchange Commission after the qualification of the offering statement of which this Offering Circular forms a part.

**THE OFFERING**

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| | |
|:---|:---|
| **Issuer:** | HNO INTERNATIONAL, INC. |
| **Securities offered by us** | A maximum of 75,000,000 shares of common stock (the "Common Stock," or "Common Shares") at an offering price of $1.00 USD per Common Share. |
| **Common Stock outstanding before the Offering:** | 409,290,299 Common Shares (based on number of Common Shares outstanding as of March 20, 2023 |
| **Common Shares to be Outstanding after the Offering:** | 484290299 |
| **Price per Unit:** | One Dollar ($1.00) USD. |
| **Maximum Offering:** | Seventy-Five Million (75000000) shares of our Common Stock (the "**Maximum Offering**") by the Company, at an offering price of One Dollar ($1.00) per share (the "**Shares**"), for total gross proceeds to the Company of Seventy-Five Million Dollars ($75000000). |
| **Use of Proceeds:** | If we sell all of the Common Stock being offered, our net proceeds (after our estimated commissions, if any, but excluding our estimated Offering expenses and commissions) will be approximately $75,000,000. We will use these net proceeds for our operations, expenses associated with the marketing and advertising of the Offering, working capital, asset acquisition and general corporate purposes, and such other purposes described in the "***Use of Proceeds****"* section of this Offering Circular. |
| **Risk Factors:** | **Investing in our Common Stock involves a high degree of risk. See "*Risk Factors*."** |
| **Closings:** | The Company may close the entire Offering at one time or may have multiple closings. Throughout this Offering Circular we have assumed multiple closings and refer to the "initial closing" as the first such closing and the "final closing" as the last such closing. |
| **Termination of the Offering:** | We reserve the right to terminate this Offering for any reason at any time prior to the closing. |

---

As of March 20, 2023, the Company had 409,290,299 shares of common stock, $.001 par value per share, issued and outstanding out of the 985,000,000 shares of common stock authorized. There are 10,000,000 shares of Series A preferred stock authorized and issued and outstanding.

**State the dates on which the Company sold or otherwise issued securities during the last 12 months, the amount of such securities sold, the number of persons to whom they were sold, and relationship of such persons to the Company at the time of sale, the price at which they were sold and, if not sold for cash, a concise description of the consideration. (Exclude bank debt.)**

***See chart below:***

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| | | | | |
|:---|:---|:---|:---|:---|
| **Date of** <br> **Issuance** | **Issued To:** | **Relationship** | **Number of**<br> **Shares** | **Value of**<br> **Transaction** |
| 2/23/2022 | Vivaris Capital | Consultant | 10000000 | $.001 |
| 12/22/2022 | Donald Owens | Chairman | 20000000 | $.001 |
| 12/26/2022 | HNO Green Fuels | Control person | 20000000 | $.001 |
| 12/30/2022 | Donald Owens | Chairman | 80000000 | $.001 |
| 1/11/2023 | Hossein Haririnia | Director and Officer | 2000000 | $.001 |
| 1/13/2023 | Donald Owens | Chairman | 75000000 | $.001 |
| 1/17/2023 | William Parker | Director | 5000000 | $.001 |
| 1/2/2023 | Jasmine Louis | Consultant | 500000 | $.001 |
| 1/2/2023 | Greg Heller | Director and Officer | 250000 | $.001 |
| 1/2/2023 | Paul Mueller | Officer | 250000 | $.001 |
| 1/2/2023 | Hossein Haririnia | Director and Officer | 250000 | $.001 |
| 1/2/2023 | William Parker | Director | 100000 | $.001 |
| 1/2/2023 | Kristina Mabry | Consultant | 75000 | $.001 |
| 1/2/2023 | Brian Hill | Consultant | 250000 | $.001 |
| 1/2/2023 | Malachi Smith | Consultant | 75000 | $.001 |
| 1/2/2023 | Saad Hasan | Consultant | 75000 | $.001 |
| 1/2/2023 | Alison Bedwell | Consultant | 75000 | $.001 |
| 1/2/2023 | Misty Pommier | Consultant | 75000 | $.001 |
| 1/2/2023 | Fernando Godinez | Consultant | 25000 | $.001 |
| 1/2/2023 | Gio Alpuente | Consultant | 25000 | $.001 |
| 2/1/2023 | Donald Owens | Chairman | 100000000 | $.001 |

---

**USE OF PROCEEDS**

We will not receive any of the proceeds from the sale of the common stock by the Selling Shareholders. We will use our best efforts to raise a maximum of $75,000,000 for the Company in this offering, minus the offering expenses. The minimum offering threshold is $1,000.00. The table below summarizes how we will utilize the proceeds of this offering, including in the event that the Company raises less than the full amount expected ($75,000,000). The actual amount of proceeds realized may differ from the amounts summarized below (1). We anticipate incurring up to $75,000 in offering expenses, including platform and fees (Broker and its affiliates may receive certain fees up to a maximum of 8.5% of the offering proceeds assuming a fully subscribed offering), SEC reporting and compliance, and to maintain our general and administrative functions over the next twelve months. If we don't raise sufficient proceeds in this offering or generate sufficient revenue, our working capital goal may not be met. Furthermore, without sufficient proceeds from this offering or the generation of sufficient revenue, some of our other expenses, including advertising and marketing, website design, and operating and equipment may not be incurred or undertaken.

The Use of Proceeds is an estimate based on the Company's current business plan. We may ﬁnd it necessary or advisable to reallocate portions of the net proceeds reserved for one category to another, or to add additional categories, and we will have broad discretion in doing so.

The maximum gross proceeds from the sale of the Shares in this Offering are $75,000,000.

Management of the Company has wide latitude and discretion in the use of proceeds from this Offering. At present, management's best estimate of the use of proceeds, at various funding milestones, is set out in the chart below. However, potential investors should note that this chart contains only the best estimates of the Company's management based upon information available to them at the present time, and that the actual use of proceeds is likely to vary from this chart based upon circumstances as they exist in the future, various needs of the Company at different times in the future, and the discretion of the Company's management at all times.

We intend to use the net proceeds in the event 25%, 50%, 75% and 100% of the Shares being offered in this Offering are sold as indicated below (without including the approximately $75,000 in offering expenses:

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| | | |
|:---|:---|:---|
| If 100% shares are sold | **100%** | $75000000 |
| **Item** | **Amount** | **Percentage** |
| Construction of Scalable Green Hydrogen Production farms | $29000000 | 39% |
| Construction Compact Hydrogen Refueling Systems | $25900000 | 35% |
| Manufacturing and Commercialization of Diesel Fleet Solutions | $6100000 | 8% |
| Salaries | $4400000 | 6% |
| Marketing and Sales | $2900000 | 4% |
| Research and Development | $6700000 | 9% |
| **Total** | $**75000000** | **100%** |
| If 75% shares are sold | **75%** | $56250000 |
| **Item** | **Amount** | **Percentage** |
| Construction of Scalable Green Hydrogen Production farms | $21750000 | 39% |
| Construction Compact Hydrogen Refueling Systems | $3300000 | 6% |
| Manufacturing and Commercialization of Diesel Fleet Solutions | $19425000 | 35% |
| Salaries | $4575000 | 8% |

---

---

| | | |
|:---|:---|:---|
| Marketing and Sales | $2175000 | 4% |
| Research and Development | $5025000 | 9% |
| **Total** | $**56250000** | **100%** |
| If 50% shares are sold | **50%** | $37500000 |
| **Item** | **Amount** | **Percentage** |
| Construction of Scalable Green Hydrogen Production farms | $14500000 | 39% |
| Construction Compact Hydrogen Refueling Systems | $2200000 | 6% |
| Manufacturing and Commercialization of Diesel Fleet Solutions | $12950000 | 35% |
| Salaries | $3050000 | 8% |
| Marketing and Sales | $1450000 | 4% |
| Research and Development | $3350000 | 9% |
| **Total** | $**37500000** | **100%** |
| If 25% shares are sold | **25%** | $18750000 |
| **Item** | **Amount** | **Percentage** |
| Construction of Scalable Green Hydrogen Production farms | $7250000 | 39% |
| Construction Compact Hydrogen Refueling Systems | $1100000 | 6% |
| Manufacturing and Commercialization of Diesel Fleet Solutions | $6475000 | 35% |
| Salaries | $1525000 | 8% |
| Marketing and Sales | $725000 | 4% |
| Research and Development | $1675000 | 9% |
| **Total** | $**18750000** | **100%** |

---

**DILUTION**

If you purchase shares in this Offering, your ownership interest in our Common Stock will be diluted immediately, to the extent of the difference between the price to the public charged for each share in this Offering and the net tangible book value per share of our Common Stock after this Offering.

Our historical net tangible book value as of October 31, 2022 was $(0.011) per then-outstanding share of our Common Stock. Historical net tangible book value per share equals the amount of our total tangible assets less total liabilities, divided by the total number of shares of our Common Stock outstanding, all as of the date specified.

The following table illustrates the per share dilution to new investors discussed above, assuming the sale of, respectively, 100%, 75%, 50% and 25% of the shares offered for sale in this Offering (after deducting estimated offering expenses of $75,000):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Percentage of shares offered that are sold** | **100%** | **75%** | **50%** | **25%** |
| Price to the public charged for each share in this offering | $1.00 | $1.00 | $1.00 | $1.00 |
| Historical net tangible book value per share as of October 31, 2022 (1) | $(0.011) | $(0.011) | $(0.011) | $(0.011) |
| Increase in net tangible book value per share attributable to new investors in this offering (2) | $0.42 | $0.352 | $0.265 | $0.153 |
| Net tangible book value per share, after this offering | $0.409 | $0.341 | $0.254 | $0.142 |
| Dilution per share to new investors | $(0.591) | $(0.657) | $(0.746) | $(0.858) |

---

(1) Based on net tangible book value as of October 31, 2022 of $(1,121,640) and 105,265,299 outstanding shares of Common Stock.

(2) After deducting estimated offering expenses of $75,000. The Company believes that the amount of sales effort and the expense involved will vary according to the amount we can raise because the Company is dependent on its Officers and Directors to raise funds. The Officers and Directors intend to rely heavily on advertising, social media, email campaigns, and other such avenues of communication. Spending more on these items should increase the results of these communications.

**MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS**

*The following management's discussion and analysis ("**MD&A**") should be read in conjunction with financial statements of HNOI for the years ended October 31, 2022 and 2021, and the notes thereto. Additional information relating to HNOI is available at www.hnointernational.com*

**Safe Harbor for Forward-Looking Statements**

Certain statements included in this MD&A constitute forward-looking statements, including those identified by the expressions *anticipate, believe, plan, estimate, expect, intend*, and similar expressions to the extent they relate to HNOI or its management. These forward-looking statements are not facts, promises, or guarantees; rather, they reflect current expectations regarding future results or events. These forward-looking statements are subject to risks and uncertainties that could cause actual results, activities, performance, or events to differ materially from current expectations. These include risks related to revenue growth, operating results, industry, products, and litigation, as well as the matters discussed in HNOI's MD&A under Risk Factors. Readers should not place undue reliance on any such forward-looking statements. HNOI disclaims any obligation to publicly update or to revise any such statements to reflect any change in the Company's expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes included in this report.

***Revenue*** *- for the years ended October 31, 2022 and 2021*

For the year ended October 31, 2022, revenue generated from hydrogen engineering services and combustion solutions was $34,450 compared to $0 for the year ended October 31, 2021. The corresponding increase in revenues of $34,450 is mainly attributable to the Company's ability to secure contracts for hydrogen engineering services and combustion solutions during the current year.

 ****

***Operating Expenses*** *- for the years ended October 31, 2022 and 2021*

Operating expenses for the year ended October 31, 2022, were $764,616 compared to $19,821 for the same period in 2021. This is attributable to the Company's efforts to expand operations, which resulted in increased costs related to contract labor and general and administrative expenses. In 2022, we experienced a significant increase in hiring contract labor to support our Research and Development program. We also expanded our staff to support increased sales and marketing efforts.

***Net Loss*** *- for the years ended October 31, 2022 and 2021*

Net loss for the year ended October 31, 2022, was $1,592,309 compared to a net loss of $19,821 during the same period in 2021.

 ****

***General, Administrative, and Operating Expenses*** *- for the years ended October 31, 2022 and 2021*

General, Administrative, and Operating expenses were $764,616 for the year ended October 31, 2022, as compared to $19,821 during the same period in 2021. For the year ended October 31, 2022, General and Administrative expenses were $31,027, compared to $19,821 during the same period in 2021. Operating expenses changed due to the Company's efforts to expand operations, resulting in increased costs related to contract labor and general and administrative expenses.

 ****

***Liquidity and Capital Resources*** *- for the years ended October 31, 2022 and 2021*

The Company's cash balance of $51,109 as of October 31, 2022, combined with the profits from its operations, is not sufficient to maintain operations. Therefore, the Company will need to raise additional funds in the near future to support its operations and growth plans. The Company's cash balance on October 31, 2021, was $0 for a difference of $51,109.

***Cash Flow Activities*** *- for the years ended October 31, 2022 and 2021*

For the year ended October 31, 2022, the Company added $51,109 to its cash on hand. For the year ended October 31, 2021, the Company added $0 to its cash on hand.

***Investing Activities*** *- for the years ended October 31, 2022 and 2021*

No investing activities were undertaken during the years ended October 31, 2021 and October 31, 2022.

***Financing Activities*** *- for the years ended October 31, 2022 and 2021*

For the year ended October 31, 2022, the Company received $620,000 in financing. For the year ended October 31, 2021, the Company received $37,183 in financing.

 ****

***Going Concern***

Our financial statements appearing elsewhere in this offering circular have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company's ability to continue as a going concern is contingent upon its ability to raise additional capital as required. For the fiscal year ended October 31, 2022, the Company incurred net losses of $40,168,610. Initially, we intend to finance our operations through equity financings.

Our auditors have indicated that these conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

There are no external sources of liquidity available to the Company at this time. The Company will need to raise additional capital through equity financings or other means in order to continue operations and meet its obligations. Failure to obtain additional funding could have a material adverse effect on our financial condition and results of operations.

 ****

***Off-Balance Sheet Arrangements***

There are no off-balance sheet arrangements with any party.

***Critical Accounting Policies***

Our discussion and analysis of results of operations and financial condition are based upon our condensed consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these condensed consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We evaluate our estimates on an ongoing basis, including those related to provisions for uncollectible accounts receivable, inventories, valuation of intangible assets and contingencies and litigation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

**DIRECTORS, EXECUTIVE OFFICERS & CORPORATE GOVERNANCE**

**Executive Officers and Directors**

The names of our executive officers and directors, as of March 20, 2023, and the positions currently held by each are as follows:

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| | | |
|:---|:---|:---|
| **Name** | **Position** | **Term of Office** |
| Paul Mueller<br> age 66 | President, Chief Executive Officer and Secretary | One (1) year |
| Hossein Haririnia<br> age 70 | Treasurer and Board Member | One (1) year |
| Donald Owens | Chairman of the Board of Directors | One (1) year |
| age 70 |  |  |
| William Parker<br> age 58 | Director | One (1) year |

---

On December 22, 2022, the Board of Directors appointed Hossein Haririnia and William Parker to the Board of Directors effective as of December 22, 2022.

**Director Independence**

We do not have any independent directors serving on our Board of Directors.

**Executive Officers and Directors**

**Paul Mueller – CEO and President**

Paul Mueller brings over 30 years of experience in the Aviation, Aerospace, and Defense industries, holding CEO and P&L leadership positions since 2007. Paul's last position was as CEO of AirTech, Inc., a $95M revenue business operating special mission surveillance aircraft in support of government missions. Prior to AirTech, Paul served as the Vice President of Government Solutions at Bristow Group, where he created and implemented a new business diversification strategy, generating a $1.5B revenue pipeline.

Earlier in his career, Paul served as the Vice President for a $900M revenue division of Raytheon. He served as Vice President and General Manager of a Division of ITT Electronic Systems. He grew the business from a $65M revenue company – which was operating at a loss – and to $750M revenue with 30% operating margin in just 36 months. Paul started his career as a U.S. Marine Corps Infantry Officer where he learned his team building and leadership skills, a cornerstone of his success.

**Hossein Haririnia -** *MBA, CPA, CGFM***- Treasurer and Director**

Hossein Haririnia oversees the financial functions of HNO International. He provides technical assistance to the President on corporate-level decision-making. Before that, as a Chief Financial Officer, he managed financials for for-profit and nonprofit organizations. He also assisted in budget and cost proposal presentations for companies in countries, including Iran, Turkey, Dubai, Azerbaijan, and China.

Mr. Haririnia has managed multi-million dollar budget preparations for government entities such as NASA, the US Department of Labor (DOL), and the US Department of Transportation(DOT). He has supervised a team of accounting staff and has served as an auditor and fraud examiner.

**Donald Owens- Chairman of the Board of Directors**

Donald Owens is an expert in Hydrogen Combustion Technology which aims to reduce engine emissions and improve performance. Mr. Owens has dedicated the last decade to creating a customized hydrogen solution that would become broadly applicable- the LeefH2, securing 19 patents. He has personally tested and verified his technology in laboratories approved by the U.S. Environmental Protection Agency. Previously, Mr. Owens' was CEO of Business Internet Systems (BIS). In the late '00s, he launched a first-of-a-kind online platform that serviced the major business card printing needs of the US Congress, Branches of The Executive Office, and The Department of State. He also spearheaded early web and networked database optimization for massive clients such as the US Census Bureau. He began his career as a patent attorney for Western Electric and Bell Labs after attaining his law degree from Georgetown University. Prior to that, he received an engineering degree at General Motors Institute (now Kettering University).

**William Parker - Director**

William Parker has spent 28 years in the ATM industry with vast ATM technology knowledge and IT/Communications experience it totals over 39 years combined. After attending The University of the District of Columbia on an athletic scholarship majoring in Electronic/ Computer Engineering, he continued his education at an Electronic Technology Certified School developed by George Washington University (TEC – Technical Education Center). As the Principal and Co-Founder of Alliant ATM Services, Mr. Parker oversees the business operations of the company and is responsible for the ATM Service & Maintenance division, business development and project installation scheduling and coordination. Alliant ATM Services, is a certified minority-owned Corporation located in Annapolis, MD that specialize in the placement, installation, service and sell of cash dispensing Automated Teller Machines (ATMs) as well as Merchant Credit Card Services in the Washington DC Metropolitan Area. Alliant ATM Services is built on a solid foundation of vision, integrity, and honesty and is an Independent Sales Organization (ISO/ESO) and recently have became partnering agents with Alliant Merchant Services. William brings his tireless drive and work ethic to the business creating both opportunity and vision.

**Board Leadership Structure and Risk Oversight**

The Board oversees our business and considers the risks associated with our business strategy and decisions. The Board currently implements its risk oversight function as a whole. Each of the Board committees, when established, will also provide risk oversight in respect of its areas of concentration and reports material risks to the board for further consideration.

**Term of Office**

Directors serve until the next annual meeting and until their successors are elected and qualified. Officers are appointed to serve for one (1) year until the meeting of the Board following the annual meeting of shareholders and until their successors have been elected and qualified.

**Director Independence**

We use the definition of "independence" of The NASDAQ Stock Market to make this determination. NASDAQ Listing Rule 5605(a)(2) provides that an "independent director" is a person other than an officer or employee of the company or any other individual having a relationship which, in the opinion of the Company's Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The NASDAQ listing rules provide that a director cannot be considered independent if:

● the director is, or at any time during the past three (3) years was, an employee of the company;

● the director or a family member of the director accepted any compensation from the company in excess of $120,000 during any period of twelve (12) consecutive months within the three (3) years preceding the independence determination (subject to certain exemptions, including, among other things, compensation for board or board committee service);

● the director or a family member of the director is a partner in, controlling shareholder of, or an executive officer of an entity to which the company made, or from which the company received, payments in the current or any of the past three fiscal years that exceed 5% of the recipient's consolidated gross revenue for that year or $200,000, whichever is greater (subject to certain exemptions;

● the director or a family member of the director is employed as an executive officer of an entity where, at any time during the past three (3) years, any of the executive officers of the company served on the compensation committee of such other entity; or

● the director or a family member of the director is a current partner of the Company's outside auditor, or at any time during the past three (3) years was a partner or employee of the Company's outside auditor, and who worked on the company's audit.

Under such definitions, we have no independent directors. However, our Common Stock is not currently quoted or listed on any national exchange or interdealer quotation system with a requirement that a majority of our Board be independent and, therefore, the Company is not subject to any director independence requirements.

**Family Relationships**

There are no additional family members serving as Officers and Directors of the Company.

**Involvement in Certain Legal Proceedings**

During the past five years none of our directors, executive officers, promoters or control persons was:

<u>1)</u> <u>the subject of any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;</u>

<u>2)</u> <u>convicted in a criminal proceeding or is subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);</u>

<u>3)</u> <u>subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or</u>

<u>4)</u> <u>found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law.</u>

**Code of Business Conduct and Ethics**

Our Board plans to adopt a written code of business conduct and ethics ("Code") that applies to our directors, officers and employees, including our principal executive officer, principal financial officer and principal accounting officer or controller, or persons performing similar functions. We intend to post on our website a current copy of the Code and all disclosures that are required by law in regard to any amendments to, or waivers from, any provision of the Code.

**Evaluation of Disclosure Controls and Procedures**

We carried out an evaluation, under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered in this report, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the required time periods and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Our management, including our principal executive officer and principal financial officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error or fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. To address the material weaknesses, we performed additional analysis and other post-closing procedures in an effort to ensure our consolidated financial statements included in this offering circular have been prepared in accordance with generally accepted accounting principles. Accordingly, management believes that the financial statements included in this report fairly present in all material respects our financial condition, results of operations and cash flows for the periods presented.

**Management's Report on Internal Control over Financial Reporting.**

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) under the Securities Exchange Act, as amended. Internal control over financial reporting is a process designed by, or under the supervision of, the Chief Executive Officer and Principal Accounting Officer and effected by our Board of Directors, management, and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

The framework our management uses to evaluate the effectiveness of our internal control over financial reporting is based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework). Based on our evaluation under the framework described above, our management has concluded that our internal control over financial reporting was ineffective as of October 31, 2022 due to the same material weaknesses that rendered our disclosure controls and procedures ineffective. The Company's internal control over financial reporting is not effective due to a lack of sufficient resources to hire a support staff in order to separate duties between different individuals. The Company lacks the appropriate personnel to handle all the varying recording and reporting tasks on a timely basis. The Company plans to address these material weaknesses as resources become available by hiring additional professional staff, such as a Chief Financial Officer, as funding becomes available, outsourcing certain aspects of the recording and reporting functions, and separating responsibilities. We have identified the following material weaknesses.

1. As of October 31, 2022, we did not maintain effective controls over the control environment. Specifically, we have not developed and effectively communicated to our employees the accounting policies and procedures. This has resulted in inconsistent practices. Further, the Board of Directors does not currently have any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K. Since these entity level programs have a pervasive effect across the organization, management has determined that these circumstances constitute a material weakness.

2. As of October 31, 2022, we did not maintain effective controls over financial statement disclosure. Specifically, controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Accordingly, management has determined that this control deficiency constitutes a material weakness.

Because of these material weaknesses, management has concluded that the Company did not maintain effective internal control over financial reporting as of October 31, 2022, based on the criteria established in "INTERNAL CONTROL-INTEGRATED FRAMEWORK" issued by the COSO.

**Change in Internal Control Over Financial Reporting**

There were no changes in our internal control over financial reporting that occurred during our last fiscal year that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

**Attestation Report of the Registered Public Accounting Firm**

This offering circular does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the SEC that permit us to provide only management's report in this annual report.

**EXECUTIVE COMPENSATION**

The table below summarizes all compensation paid to our officers and directors for our last completed fiscal year October 31, 2022\*.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** | **OFFICER AND DIRECTOR COMPENSATION** |
| &nbsp;&nbsp;Name | Fees Earned or Paid in Cash<br> ($) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>Stock Awards<br> ($) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>Option Awards<br> ($) | Non-Equity<br> Incentive<br> Plan<br> Compensation<br> ($) | Non-Qualified<br> Deferred<br> Compensation<br> Earnings<br> ($) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> All<br> Other<br> Compensation<br> ($) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>Total<br> ($) |
| &nbsp;&nbsp; Paul Mueller,<br> President, CEO and Secretary(1)<br> 2022 | 40000 | -0- | -0- | -0- | -0- | -0- | 40000 |
| &nbsp;&nbsp;2021 | - | - | - | - | - | - | - |
| &nbsp;&nbsp; Hossein Haririnia,<br> Treasurer(1)<br> 2022 | 114000 | -0- | -0- | -0- | -0- | -0- | 114000 |
| &nbsp;&nbsp;2021 | - | - | - | - | - | - | - |
| &nbsp;&nbsp; Donald Owens<br> Chairman of the Board of Directors (2) (3)<br> 2022 | -0- | -0- | -0- | -0- | -0- | -0- | -0- |
| &nbsp;&nbsp;2021 | - | - | - | - | - | - | - |
| &nbsp;&nbsp; Wilhelm Cashen, former officer and director (1) (2)<br> 2022 | -0- | - | -0- | -0- | -0- | -0- | -0- |
| &nbsp;&nbsp;2021 | - | - | - | - | - | - | - |
| &nbsp;&nbsp; Douglas Anderson, former officer and director<br> 2021 | -0- | $95000 | -0- | -0- | -0- | -0- | $95000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) On August 22, 2022, the Company accepted the resignations from Wilhelm Cashen as the Company's President,
Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and member of the Board of Directors. Effective on the same date

Chief Executive Officer and Secretary. Also, on this date, Hossein Haririnia was appointed Treasurer.

&nbsp;&nbsp;&nbsp;&nbsp;(2) On December 1, 2021, the Company accepted the resignation from Donald Owens as the Company's President,

Mr. Owens' resignation, the Company appointed Wilhelm Cashen as the Company's President, Chief Financial Officer, Treasurer
and Secretary. These resignations were not the result of any disagreement with Company on any matter relating to Company's operations,
policies or practices. Donald Owens will continue to serve as Chairman of the Board of Directors of the Company. At this time, no one
has been chosen to fill the vacancy of Chief Executive Officer left by the resignation of Mr. Owens. In addition, effective December 1,
2021, the Board of Director appointed Wilhelm Cashen as a member of the Board of Directors. The Board of Directors now consists of Wilhelm
Cashen and Donald Owens.

&nbsp;&nbsp;&nbsp;&nbsp;(3) On April 30, 2021, the Company accepted the resignation from Douglas Anderson as the Company's President,
Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Chairman of the Board of Directors. Effective on the same date

Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and Chairman of the Board of Directors.

\* On December 22, 2022, the Board of Directors appointed Hossein Haririnia and William Parker to the Board of Directors effective as of December 22, 2022.

**CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS**

**Transactions with Related Persons**

*Notes Payable, Related Party*

On November 19, 2021, the Company issued a note payable in the amount of $20,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and had a maturity date of December 19, 2022.

On December 1, 2021, the Company issued a note payable in the amount of $500,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and had a maturity date of January 1, 2023.

On May 31, 2022, the Company issued a note payable in the amount of $590,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of May 31, 2030.

On September 29, 2022, the Company issued a note payable in the amount of $50,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of September 29, 2023.

On October 20, 2022, the Company issued a note payable in the amount of $50,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of October 20, 2023.

During the years ended October 31, 2022, and October 31, 2021, the Company accounted $15,758 and $0, respectively in accrued interest in connection with these notes in the accompanying financial statements.

As of October 31, 2022, and October 31, 2021, these current and long-term notes payable had an outstanding balance of $1,210,000 and $0, respectively.

**SECURITY OWNERSHIP OF MANAGEMENT & CERTAIN SECURITYHOLDERS**

The following sets forth the number of shares of our $0.001 par value common stock beneficially owned by (i) each person who, as of March 20, 2023, was known by us to own beneficially more than five percent (5%) of its common stock; (ii) our individual Directors and (iii) our Officer and Director as a group. A total of 409,290,299 common shares were issued and outstanding as of March 20, 2023.

---

| | | | |
|:---|:---|:---|:---|
| **Name and Address (1)** | **Number of Shares Beneficially Owned** | **Class** | **Percentage of Class (2)** |
| ***Officers and Directors*** | | | |
| Paul Mueller<br> CEO, President and Secretary | 250000<br> -0- | Common Stock<br> Series A Preferred Stock | .06%<br> -- |
| Hossein Haririnia<br> Treasurer and Director | 2250000<br> -0- | Common Stock<br> Series A Preferred Stock | .55%<br> -- |
| Donald Owens<br> (Chairman of the Board of Directors) | 275000000<br> 10000000 | Common Stock<br> Series A Preferred Stock | 67.19%<br> 100% |
| William Parker<br> Director | 5100000<br> -0- | Common Stock<br> Series A Preferred Stock | 1.25%<br> -- |
| ***All Officers & Directors as a group <br> (4 persons)*** | 282600000<br> 10000000 | Common Stock<br> Series A Preferred Stock | 69.05%<br> 100% |
| ***5% Principal Stockholders*** |  |  |  |
| HNO Green Fuels, Inc. (3) | 115000000 | Common Stock | 28.10% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Unless otherwise noted, the address of the reporting person is c/o HNO International, Inc., 41558 Eastman
Drive, Suite B, Murrieta, CA 92562.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Based on 409,290,299 shares of common stock and 10,000,000 shares of Series A Preferred Stock outstanding
as of March 20, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Address: 42309 Winchester Road, Temecula, CA 92590. Donald Owens has voting and dispositive control over
HNO Green Fuels, Inc.

**DESCRIPTION OF SECURITIES**

*The following is a summary of the rights of our capital stock as provided in our certificate of incorporation, bylaws and certificate of designation. For more detailed information, please see our certificate of incorporation, bylaws and certificate of designation which have been filed as exhibits to the Offering Statement of which this Offering Circular is a part.*

**General**

The Company is authorized to issue two classes of stock. The total number of shares of stock which the Company is authorized to issue is One Billion (1,000,000,000) shares of capital stock, consisting of Nine Hundred Eighty-Five Million (985,000,000) shares of Common Stock, $0.001 par value and Fifteen Million (15,000,000) shares of Preferred Stock, $0.001 par value (the "Preferred Stock") authorized. There are currently 10,000,000 Series A Preferred Stock outstanding.

**COMMON STOCK**

The Company is authorized to issue 985,000,000 shares of common stock, par value $001.

As of March 20, 2023, October 31, 2022 and October 31, 2021, the Company had 409,290,299, 105,265,299 and 95,265,299 shares of common stock issued and outstanding, respectively.

The following summary description of the common stock of HNO International, Inc. ("we", "our" or "us") is based on the provisions of our articles of incorporation as amended ("Articles of Incorporation"), as well as our bylaws ("Bylaws"), and the applicable provisions of the Nevada Revised Statutes ("Nevada Law"). This information is qualified entirely by reference to the applicable provisions of our Articles of Incorporation, Bylaws and Nevada Law.

***Voting Rights***

Holders of our common stock are entitled to one vote per share in the election of directors and on all other matters on which shareholders are entitled or permitted to vote. Holders of our common stock are not entitled to cumulative voting rights.

***Dividend Rights***

Subject to the terms of any then outstanding series of preferred stock, the holders of our common stock are entitled to dividends in the amounts and at times as may be declared by our board of directors out of funds legally available therefor.

***Liquidation Rights***

Upon liquidation or dissolution, holders of our common stock are entitled to share ratably in all net assets available, if any, for distribution to shareholders after we have paid, or provided for payment of, all of our debts and liabilities, and after payment of any liquidation preferences to holders of any then outstanding shares of preferred stock.

***Other Matters***

Holders of our common stock have no redemption, conversion or preemptive rights. There are no sinking fund provisions applicable to our common stock. The rights, preferences and privileges of the holders of our common stock are subject to the rights of the holders of shares of any series of outstanding preferred stock and preferred stock that we may issue in the future.

All of our outstanding shares of common stock are fully paid and nonassessable.

The Company is offering Shares of its Common Stock. Except as otherwise required by law, the Company's Articles of Incorporation or Bylaws, each Shareholder shall be entitled to one vote for each Share held by such Shareholder on the record date of any vote of Shareholders of the Company. The Shares of Common Stock, when issued, will be fully paid and non-assessable. Since it is anticipated that at least for the next 12 months the majority of the Company's voting power will be held by Management, the holders of Common Stock issued pursuant to this Offering Circular should not expect to be able to influence any decisions by management of the Company through the voting power of such Common Stock.

The Company does not expect to create any additional classes of Common Stock during the next 12 months, but the Company is not limited from creating additional classes which may have preferred dividend, voting and/or liquidation rights or other benefits not available to holders of its common stock.

The Company does not expect to declare dividends for holders of Common Stock in the foreseeable future. Dividends will be declared, if at all (and subject to rights of holders of additional classes of securities, if any), in the discretion of the Company's Board of Directors. Dividends, if ever declared, may be paid in cash, in property, or in shares of the capital stock of the Company, subject to the provisions of law, the Company's Bylaws and the Certificate of Incorporation. Before payment of any dividend, there may be set aside out of any funds of the Company available for dividends such sums as the Board of Directors, in its absolute discretion, deems proper as a reserve for working capital, to meet contingencies, for equalizing dividends, for repairing or maintaining any property of the Company, or for such other purposes as the Board of Directors shall deem in the best interests of the Company.

There are no liquidation rights, preemptive rights, conversion rights, redemption provisions, sinking fund provisions, impacts on classification of the Board of Directors where cumulative voting is permitted or required related to the Common Stock, provisions discriminating against any existing or prospective holder of the Common Stock as a result of such Shareholder owning a substantial amount of securities, or rights of Shareholders that may be modified otherwise than by a vote of a majority or more of the shares outstanding, voting as a class defined in any corporate document as of the date of filing. The Common Stock will not be subject to further calls or assessment by the Company. There are no restrictions on alienability of the Common Stock in the corporate documents other than those disclosed in this Offering Circular. The Company has engaged Pacific Stock Transfer to serve as the transfer agent and registrant for the Shares. For additional information regarding the Shares, please review the Company's Bylaws, which are attached to this Offering Circular.

Excepting matters arising under federal securities laws, any disputes between the Company and shareholders shall be governed in reliance on the laws of the state of Nevada. Furthermore, the Subscription Agreement for this Regulation A offering appoints the state and federal courts located in the state of Nevada as having jurisdiction over any disputes related to this Regulation A offering between the Company and shareholders.

**Changes in Authorized Number**

The number of authorized shares of Common Stock may be increased or decreased subject to the Company's legal commitments at any time and from time to time to issue them, by the affirmative vote of the holders of a majority of the stock of the Company entitled to vote.

***Transfer Agent***

Our transfer agent is Pacific Stock Transfer. The address for our transfer agent is 6725 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 and its phone number is 702-361-3033. Our transfer agent is registered with the Securities and Exchange Commission.

**PREFERRED STOCK**

The Company is authorized to issue 15,000,000 shares of preferred stock, par value $001.

*Series A Preferred Stock*

There are 10,000,000 shares authorized as Series A preferred stock, par value $001.

On October 14, 2019, the Board of Directors designated a series of preferred stock titled Series A Preferred Stock consisting of 10,000,000 shares.

On November 10, 2021, the Company filed an amendment to the Series A preferred stock certificate of designation filed October 14, 2019. The board of directors and sole shareholder approved this amendment on October 26, 2021. The amendment designated the same authorization consisting of 10,000,000 shares with par value of $.001. There is currently no market for the shares of Series A Preferred Stock and they cannot be converted into shares of common stock of the Company. The shares have voting rights of 55 common shares for every one share of Series A. The Preferred Series A do not contain any rights to dividends; have no liquidation preference; and have no redemption or sinking fund provisions.

As of March 20, 2023, October 31, 2022 and October 31, 2021, the Company had 10,000,000, 5,000,000 and 10,000,000 shares of Series A preferred stock issued and outstanding, respectively. All such shares are titled to Donald Owens.

**Indebtedness.**

*Notes Payable, Related Party*

On November 19, 2021, the Company issued a note payable in the amount of $20,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and had a maturity date of December 19, 2022.

On December 1, 2021, the Company issued a note payable in the amount of $500,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and had a maturity date of January 1, 2023.

On May 31, 2022, the Company issued a note payable in the amount of $590,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of May 31, 2030.

On September 29, 2022, the Company issued a note payable in the amount of $50,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of September 29, 2023.

On October 20, 2022, the Company issued a note payable in the amount of $50,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of October 20, 2023.

During the years ended October 31, 2022, and October 31, 2021, the Company accounted $15,758 and $0, respectively in accrued interest in connection with these notes in the accompanying financial statements.

As of October 31, 2022, and October 31, 2021, these current and long-term notes payable had an outstanding balance of $1,210,000 and $0, respectively.

**Penny Stock Regulation**

The SEC has adopted regulations which generally define "penny stock" to be any equity security that has a market price of less than Five Dollars ($5.00) per share or an exercise price of less than Five Dollars ($5.00) per share. Such securities are subject to rules that impose additional sales practice requirements on broker-dealers who sell them. For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchaser of such securities and have received the purchaser's written consent to the transaction prior to the purchase. Additionally, for any transaction involving a penny stock, unless exempt, the rules require the delivery, prior to the transaction, of a disclosure schedule prepared by the SEC relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealer's presumed control over the market. Finally, among other requirements, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. As our Common Stock immediately following this Offering may be subject to such penny stock rules, purchasers in this Offering will in all likelihood find it more difficult to sell their Common Stock shares in the secondary market.

**Dividend Policy**

We will not distribute cash to our Common Stock shareholders until Company generates net income. We currently intend to retain future earnings, if any, to finance the expansion of our business and for general corporate purposes. We cannot assure you that we will distribute any cash in the future. Our cash distribution policy is within the discretion of our Board of Directors and will depend upon various factors, including our results of operations, financial condition, capital requirements and investment opportunities.

**MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS**

**Market Information**

Our common stock is quoted on the OTC Markets ("OTC") under the symbol "HNOI."

The table below sets forth the high and low closing prices of the Company's Common Stock during the periods indicated. The quotations reflect inter-dealer prices without retail mark-up, markdown or commission and may not reflect actual transactions.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Fiscal Year Ended**<br> **October 31, 2022** | **Fiscal Year Ended**<br> **October 31, 2022** | **Fiscal Year Ended**<br> **October 31, 2021** | **Fiscal Year Ended**<br> **October 31, 2021** |
|  | **High** | **Low** | **High** | **Low** |
| First Quarter | $5.27 | $4.50 | $2.25 | $2.25 |
| Second Quarter | 5.00 | 5.00 | 2.25 | 2.25 |
| Third Quarter | 5.00 | 5.00 | 2.25 | 2.25 |
| Fourth Quarter | $5.00 | $1.82 | $6.00 | $2.25 |

---

The closing sales price of the Company's common stock as reported on March 17, 2023, was $2.02 per share.

**Holders**

As of March 20, 2023, there were approximately 264 record holders of our common stock and there are shares of our common stock outstanding.

**PLAN OF DISTRIBUTION**

We are offering a maximum of 75,000,000 shares of Common Stock the public at a price of $1.00 per share on a "best efforts" basis. The shares are being offered in the United States pursuant to Regulation A under the Securities Act, in certain provinces of Canada on a private placement basis pursuant to exemptions from the prospectus requirements under applicable Canadian law, and in jurisdictions outside the United States and Canada on a basis which does not require qualification or registration of such securities.

We plan to market the securities in this offering both through online and offline means. Online marketing may take the form of contacting potential investors through electronic media and posting our Offering Circular and other materials on an online investment platform.

Our Offering will expire on the first to occur of (a) the sale of all 75,000,000 shares of Common Stock offered hereby, and (b) one (1) year from the initial qualification date. This will be a continuous offering which commences within two calendar days after the qualification date, will be offered on a continuous basis, may continue to be offered for a period in excess of 30 days from the date of initial qualification, and will be offered in an amount that, at the time the offering statement is qualified, is reasonably expected to be offered and sold within one year from the initial qualification date.

**Investors' Tender of Funds**

After the SEC has qualified the Offering Statement, the Company will accept tenders of funds to purchase the Common Stock. The Company may close on investments on a "rolling" basis (so not all investors will receive their securities on the same date). Investors may subscribe by tendering funds via ACH, debit or credit card, wire or check.

In order to invest you will be required to subscribe to the Offering at a minimum of $1,000 and agree to the terms of the Offering and the subscription agreement.

Upon confirmation that an investor's funds have cleared, the Company will instruct the Transfer Agent to issue shares to the investor. The Transfer Agent will notify an investor when shares are ready to be issued and the Transfer Agent has set up an account for the investor.

In the event that it takes some time for the Company to raise funds in this Offering, the Company may rely on cash on hand, or may seek to raise funds by conducting a new offering of equity or debt securities.

There is no aggregate minimum to be raised in order for the Offering to become effective and therefore the Offering will be conducted on a "rolling basis." This means we will be entitled to begin applying "dollar one" of the proceeds from the Offering towards our business strategy, offering expenses, reimbursements, and other uses as more specifically set forth in the "Use of Proceeds" contained elsewhere in this Offering Circular.

**ADDITIONAL INFORMATION ABOUT THE OFFERING**

**Offering Period and Expiration Date**

This Offering will start on the date on which the SEC initially qualifies this Offering Statement (the "**Qualification Date**") and will terminate on the Termination Date (the "**Offering Period**").

**Procedures for Subscribing**

If you decide to subscribe for our Common Stock shares in this Offering, you should:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Electronically receive, review, execute and deliver to us a subscription agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Deliver funds directly by wire or electronic funds transfer via ACH to the Company's bank account
designated in the Company's subscription agreement.

Any potential investor will have ample time to review the subscription agreement, along with their counsel, prior to making any final investment decision. Broker will review all subscription agreements completed by the investor.

If the subscription agreement is not complete or there is other missing or incomplete information, the funds will not be released until the investor provides all required information. In the case of a debit card payment, provided the payment is approved, Broker will have up to three days to ensure all the documentation is complete. Broker will generally review all subscription agreements on the same day, but not later than forty-eight hours after the submission of the subscription agreement.

All funds received by wire transfer will be made available immediately while funds transferred by ACH will be restricted for a minimum of three days to clear the banking system.

The Company maintains the right to accept or reject subscriptions in whole or in part, for any reason or for no reason, including, but not limited to, in the event that an investor fails to provide all necessary information, even after further requests, in the event an investor fails to provide requested follow up information to complete background checks or fails background checks, and in the event the offering is oversubscribed in excess of the maximum offering amount.

In the interest of allowing interested investors as much time as possible to complete the paperwork associated with a subscription, there is no maximum period of time to decide whether to accept or reject a subscription. If a subscription is rejected, funds will not be accepted by wire transfer or ACH, and payments made by debit card or check will be returned to subscribers within 30 days of such rejection without deduction or interest. Upon acceptance of a subscription, the company will send a confirmation of such acceptance to the subscriber.

Upon confirmation that an investor's funds have cleared, the Company will instruct the Transfer Agent to issue shares to the investor. The Transfer Agent will notify an investor when shares are ready to be issued and the Transfer Agent has set up an account for the investor.

**LEGAL MATTERS**

Certain legal matters with respect to the shares of Common Stock offered hereby will be passed upon by McMurdo Law Group, LLC, New York, NY.

**EXPERTS**

None.

**WHERE YOU CAN FIND MORE INFORMATION**

We have filed with the SEC a Regulation A Offering Statement on Form 1-A under the Securities Act of 1993, as amended, with respect to the shares of Common Stock offered hereby. This Offering Circular, which constitutes a part of the Offering Statement, does not contain all of the information set forth in the Offering Statement or the exhibits and schedules filed therewith. For further information about us and the Common Stock offered hereby, we refer you to the Offering Statement and the exhibits and schedules filed therewith. Statements contained in this Offering Circular include the material provisions of any contract or other document that is filed as an exhibit to the Offering Statement, and each such statement is qualified in all respects by reference to the full text of such contract or other document filed as an exhibit to the Offering Statement. Upon the completion of this Offering, we will be required to file periodic

reports and other information with the SEC pursuant to the Regulation A. You may read and copy this information at the SEC's Public Reference Room, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet website that contains reports, proxy statements and other information about issuers, including us, that file electronically with the SEC. The address of this site is www.sec.gov.

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on behalf by the undersigned, thereunto duly authorized, in Murrieta, CA, on March 22, 2023.

---

| | |
|:---|:---|
| **HNO INTERNATIONAL, INC.** | **HNO INTERNATIONAL, INC.** |
| By: | *<u>/s/ Paul Mueller</u>* |
|  | Name: Paul Mueller |
|  | Title: Chief Executive Officer, President |

---

This offering statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | *<u>/s/ Paul Mueller</u>* |
| Name: | Paul Mueller |
| Title: | Chief Executive Offer, President |

---

March 22, 2023

By: <u>*<u>Hossein Haririnia</u>*</u> <br> <u>Name:</u> <u>Hossein Haririnia</u> <br> <u>Title:</u> <u>Treasurer and Director</u>

March 22, 2023

By: <u>*<u>Donald Owens</u>*</u> <br> <u>Name:</u> <u>Donald Owens</u> <br> <u>Title:</u> <u>Chairman</u>

March 22, 2023

By: <u>*<u>William Parker</u>*</u> <br> <u>Name:</u> <u>William Parker</u> <br> <u>Title:</u> <u>Director</u>

March 22, 2023

**PART III - EXHIBITS**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Exhibit No.** | &nbsp;&nbsp;**Description** |
| &nbsp;&nbsp;[EX1A-2A](ex2a.htm) | &nbsp;&nbsp;Certificate of Incorporation, as amended. |
| &nbsp;&nbsp;[EX1A-2B](bylaws.htm) | &nbsp;&nbsp;Amended and Restated Bylaws |
| &nbsp;&nbsp;[EX1A-4A](ex4a.htm) | &nbsp;&nbsp;Form of Subscription Agreement |
| &nbsp;&nbsp;[EX1A-6A](ex6a.htm) | &nbsp;&nbsp;Patent Purchase Agreement dated January 24, 2023 |
| &nbsp;&nbsp;[EX1A-11A](ex11a.htm) | &nbsp;&nbsp;Consent of BF Borgers CPA PC |
| &nbsp;&nbsp;EX1A-12A | &nbsp;&nbsp;Opinion of McMurdo Law Group, LLC\* |

---

\* To be filed by amendment.

**INDEX TO FINANCIAL STATEMENTS**

**HNO INTERNATIONAL, INC.** 

**October 31, 2022**

---

| | |
|:---|:---|
| Report of Independent Registered Public Accounting Firm | F-2 |
| Balance Sheets as of October 31, 2022 and October 31, 2021 | F-3 |
| Statements of Operations for the Years Ended October 31, 2022 and 2021 | F-4 |
| Statement of Stockholders' Deficit for the Years Ended October 31, 2022 and 2021 | F-5 |
| Statements of Cash Flows for the Years Ended October 31, 2022 and 2021 | F-6 |
| Notes to Financial Statements | F-7 |

---

**Report of Independent Registered Public Accounting Firm**

To the shareholders and the board of directors of HNO International, Inc.

**Opinion on the Financial Statements**

We have audited the accompanying consolidated balance sheets of HNO International, Inc. as of October 31, 2022 and 2021, the related statements of operations, stockholders' equity (deficit), and cash flows for the years then ended, 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 October 31, 2022 and 2021, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

**Substantial Doubt about the 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 3 to the financial statements, the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 3. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's 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 audit 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.

/S/ BF Borgers CPA PC

**BF Borgers CPA PC (PCAOB ID 5041)**

We have served as the Company's auditor since 2022

Lakewood, CO

March 20, 2023

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| | | |
|:---|:---|:---|
| **HNO INTERNATIONAL, INC.<br> BALANCE SHEETS** | **HNO INTERNATIONAL, INC.<br> BALANCE SHEETS** | **HNO INTERNATIONAL, INC.<br> BALANCE SHEETS** |
|  | October 31, | October 31, |
|  | 2022 | 2021 |
| ASSETS |  |  |
| Current Assets |  |  |
| Cash | $51109 | $— |
| Due from related party | 56392 |  |
| Total Current Assets | 107501 |  |
| Other Assets |  |  |
| Security deposits | 6800 |  |
| Total Other Assets | 6800 |  |
| TOTAL ASSETS | $114301 | $— |
| LIABILITIES AND STOCKHOLDERS' DEFICIT |  |  |
| LIABILITIES |  |  |
| Current Liabilities |  |  |
| Accounts payable | $— | $1932 |
| Accrued interest payable | 14725 |  |
| Notes payable, related party | 620000 |  |
| Related party note payable |  | 37183 |
| Total Current Liabilities | 634725 | 39115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long Term Notes Payable | 590000 |  |
| Total Liabilities | 1224725 |  |
| STOCKHOLDERS' DEFICIT |  |  |
| Preferred stock, par value $0.001 per share; 15,000,000 shares authorized |  |  |
| 5,000,000 and 10,000,000 Series A shares issued and outstanding as of October 31, 2022 and October 31, 2021, respectively | 5000 | 10000 |
| Common stock, par value $0.001 per share; 985,000,000 shares authorized; 105,265,299 and 95,265,299 shares issued and outstanding as of October 31, 2022 and October 31, 2021, respectively | 105265 | 95265 |
| Stock subscription receivable | (10000) |  |
| Additional paid-in capital | 38957921 | 38952921 |
| Accumulated deficit | (40168610) | (39097301) |
| Total Stockholders' Deficit | (1110424) | (39115) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $114301 | $— |
| The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. |

---

---

| | | |
|:---|:---|:---|
| **HNO INTERNATIONAL, INC.<br> STATEMENT OF OPERATIONS** | **HNO INTERNATIONAL, INC.<br> STATEMENT OF OPERATIONS** | **HNO INTERNATIONAL, INC.<br> STATEMENT OF OPERATIONS** |
|  | For the Year ended <br> October 31, | For the Year ended <br> October 31, |
|  | 2022 | 2021 |
| Revenue | $34450 | $— |
| Cost of goods sold | (27692) |  |
| Gross Profit | 6758 |  |
| Operating expenses |  |  |
| Advertising and Marketing | 4250 |  |
| Contract labor | 729339 |  |
| General and administrative expenses | 31027 | 19821 |
| Interest expense | 14651 |  |
| Legal and accounting fees | 64237 | 22111 |
| Professional fees |  | 91000 |
| Payroll expenses | 149617 |  |
| Rent | 34400 |  |
| Travel expenses | 50106 |  |
| Vehicle expenses | 440 |  |
| Total Operating Expenses | 1078067 | 132932 |
| Loss from Operations | $(1071309) | $(132932) |
| Net Loss | $(1071309) | $(132932) |
| PER SHARE AMOUNTS |  |  |
| Basic and diluted net loss<br> per share | (0.01) | (0.00) |
| Weighted average number of common shares outstanding - basic and diluted | 100230066 | 92692696 |
| The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** | **HNO INTERNATIONAL, INC.<br> STATEMENTS OF STOCKHOLDERS' DEFICIT**<br> **<br> For the Year Ended October 31, 2022 and October 31, 2021** |
|  | Series A Preferred Stock | Series A Preferred Stock | Common Stock | Common Stock | Stock | Stock<br> Subscription | Additional Paid-in | Accumulated | Total Stockholders' |
|  | Shares | Amount | Shares | Amount | Payable | Receivable | Capital | Deficit | Deficit |
| Balance at October 31, 2020 | 10000000 | $10000 | 265299 | $265 | $4000 | $(4000) | $38952245 | $(38964369) | $(1859) |
| Shares issued for payable |  |  | 4000000 | 4000 | (4000) | 4000 | (4000) |  |  |
| Shares issued for consulting services to a related party |  |  | 100000000 | 100000 |  |  |  |  | 100000 |
| Cancellation of shares |  |  | (9000000) | (9000) |  |  |  |  | (9000) |
| Contributed capital |  |  |  |  |  |  | 4676 |  | 4676 |
| Net loss for the year ended October 31, 2021 |  |  |  |  |  |  |  | (132932) | (132932) |
| Balance at October 31, 2021 | 10000000 | $10000 | 95265299 | $95265 | $— | $— | $38952921 | $(39097301) | $(39115) |
| Shares issued for acquisition |  |  | 20000 | 20 |  |  | (10) |  | 10 |
| Shares issued for consulting services |  |  | 10000000 | 10000 |  | (10000) |  |  |  |
| Shares cancelled for cancellation of acquisition |  |  | (20000) | (20) |  |  | 10 |  | (10) |
| Series A Preferred Stock returned to treasury | (5000000) | (5000) |  |  |  |  | 5000 |  |  |
| Net loss for the year ended October 31, 2022 |  |  |  |  |  |  |  | (1071309) | (1071309) |
| Balance at October 31, 2022 | 5000000 | $5000 | 105265299 | $105265 | $— | $(10000) | $38957921 | $(40168610) | $(1110424) |
| The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. |

---

---

| | | |
|:---|:---|:---|
| **HNO INTERNATIONAL, INC.<br> STATEMENT OF CASH FLOWS** | **HNO INTERNATIONAL, INC.<br> STATEMENT OF CASH FLOWS** | **HNO INTERNATIONAL, INC.<br> STATEMENT OF CASH FLOWS** |
|  | For the Year Ended <br> October 31, | For the Year Ended <br> October 31, |
|  | 2022 | 2021 |
| Cash Flow from Operating Activities |  |  |
| Net loss for the period | $(1071309) | $(132932) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| Shares issued for services |  | 95000 |
| Changes in operating assets and liabilities: |  |  |
| Increase (Decrease) in accounts payable | (1932) | 73 |
| (Increase) Decrease in due from related party | (56392) |  |
| (Increase) Decrease in security deposit | (6800) |  |
| Increase (Decrease) in accrued interest payable | 14725 |  |
| Net Cash Used in Operating Activities | (1121708) | (37859) |
| Cash Flows from Financing Activities |  |  |
| Proceeds from related party notes payable | 1210000 |  |
| Repayment of related party note payable | (37183) |  |
| Common stock issued for payable |  | (4000) |
| Proceeds from related party |  | 37183 |
| Contributed capital |  | 4676 |
| Net Cash Provided by Financing Activities | 1172817 | 37859 |
| Net increase (decrease) in cash | 51109 |  |
| Cash at beginning of period |  |  |
| Cash at end of period | $51109 | $— |
| Supplemental Disclosure of Interest and Income Taxes Paid: |  |  |
| Interest paid during the period | $— | $— |
| Income taxes paid during the period | $— | $— |
| Supplemental Disclosure for Non-Cash Investing and Financing Activities: |  |  |
| Issuance of common stock for payable | $— | $4000 |
| The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. | The accompanying notes are an integral part of these financial statements. |

---

**HNO INTERNATIONAL, INC.**

**NOTES TO FINANCIAL STATEMENTS**

**OCTOBER 31, 2022**

**Note 1 – Organization and basis of accounting**

*Organization*

 

HNO International, Inc. (the "Company") was incorporated in the State of Nevada on May 2, 2005 under the name American Bonanza Resources Limited. On August 4, 2009, the Company acquired Clenergen Corporation Limited (UK), a United Kingdom corporation ("Limited"), and succeeded to the business of Limited. Limited acquired the assets of Rootchange Limited, a biofuel and biomass research and development company, in April 2009. On March 19, 2009, the Company changes its name to Clenergen Corporation. On July 8, 2020, the Company changed its name to Excoin Ltd. and on August 31, 2021, the Company changed its name to HNO International, Inc. its current name.

The Company focuses on systems engineering design, integration, and product development for the generation of green hydrogen based solutions to help businesses and communities decarbonize in the near term. For over a decade, the Company's management has developed innovative hydrogen systems that create, store, and distribute green hydrogen at low costs, and foster emissions reductions.

The global green hydrogen market was valued at $0.3 billion in 2020 and is expected to grow to $9.8 billion by 2028, representing a 54.7% CAGR. The Company is uniquely positioned to be a significant player in this growth.

**Note 2 – Summary of significant accounting policies**

*Basis of presentation*

 

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to OTC Markets Alternative Reporting Standard.

*Use of Estimates*

 

The preparation of the financial statements in conformity with generally accepted accounting principles 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 amount of revenues and expenses during the reporting period. The management makes its best estimate of the outcome for these items based on information available when the financial statements are prepared.

*Employee Stock-Based Compensation*

 

The Company accounts for stock-based compensation in accordance with ASC 718 Compensation - Stock Compensation ("ASC 718"). ASC 718 addresses all forms of share-based payment ("SBP") awards including shares issued under employee stock purchase plans and stock incentive shares. Under ASC 718 awards result in a cost that is measured at fair value on the awards' grant date, based on the estimated number of awards that are expected to vest and will result in a charge to operations.

*Property and equipment*

Property and equipment are carried at cost and, less accumulated depreciation. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposal. The Company examines the possibility of decreases in the value of property and equipment when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.

The Company's property and equipment mainly consists of computer and laser equipment. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which range from 4-12 years.

*Adoption of Recent Accounting Pronouncements*

 

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

**Note 3 - Going Concern**

At October 31, 2022, we had a deficit of $40,168,610, compared to a deficit of $39,097,301 at October 31, 2021. We have not been able to generate sufficient cash from operating activities to fund our ongoing operations. We will be required to raise additional funds through public or private financing, additional collaborative relationships or other arrangements until we are able to raise revenues to a point of positive cash flow. We are evaluating various options to further reduce our cash requirements to operate at a reduced rate, as well as options to raise additional funds, including obtaining loans and selling common stock. There is no guarantee that we will be able to generate enough revenue and/or raise capital to support operations.

Based on the above factors, substantial doubt exists about our ability to continue as a going concern for one year from the issuance of these financial statements.

**Note 4 – Related party transactions**

On October 14, 2019, the Company issued 10,000,000 shares of the Series A preferred stock to Custodian Ventures LLC, the company controlled by David Lazar, the Company's former Chief Executive Officer for forgiveness of related party debt totaling $10,000.

During the year ended October 31, 2020 and October 31, 2019, Custodian Ventures, LLC paid a total of $10,104 of expenses on behalf of the Company for payment of registration, accounting and legal fees. This loan was unsecured, non-interest bearing, and had no specific terms for repayment. During the year ended October 31, 2020, $10,104 was forgiven by Custodian Ventures LLC and the Company has recorded it as additional paid in capital.

During the year ended October 31, 2020 and six months ended April 30, 2021, Douglas Anderson, the Company's former Chief Executive Officer, contributed $38,976 and $4,676 in cash to pay for operating expenses, respectively. This has been recorded as additional paid-in capital.

*Notes Payable, Related Party*

On November 19, 2021, the Company issued a note payable in the amount of $20,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and had a maturity date of December 19, 2022.

On December 1, 2021, the Company issued a note payable in the amount of $500,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and had a maturity date of January 1, 2023.

On May 31, 2022, the Company issued a note payable in the amount of $590,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of May 31, 2030.

On September 29, 2022, the Company issued a note payable in the amount of $50,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of September 29, 2023.

On October 20, 2022, the Company issued a note payable in the amount of $50,000 to HNO Green Fuels, of which Donald Owens is Chief Executive Officer. This note bears an interest rate of 2% per annum and has a maturity date of October 20, 2023.

During the years ended October 31, 2022, and October 31, 2021, the Company accounted $15,758 and $0, respectively in accrued interest in connection with these notes in the accompanying financial statements.

As of October 31, 2022, and October 31, 2021, these current and long-term notes payable had an outstanding balance of $1,210,000 and $0, respectively.

*Due from Related Party*

The Company loaned money to HNO Hydrogen Generators, a related party whose CEO is also the Chairman of the Company's Board of Directors. As of October 31, 2022 and 2021, the Company had a receivable of $56,392 and $0, respectively, from HNO Hydrogen Generators. This receivable is unsecured, non-interest bearing, and due on demand. The Company expects to collect the receivable amount.

**Note 5 – Convertible Notes Payable**

On December 15, 2021, the Company issued a convertible note payable in the amount of $20,000. This note bears an interest rate of 1% per annum and is due on demand.

The note is convertible into shares of the Company's common stock at a discount price of twenty percent (20%) per share of the current market value or trading value, using a Basic Conversion Factor (BCF) specified in the note. The Noteholder has the option to convert the entire principal balance outstanding into common stock within one year from the date of execution of this note.

On August 8, 2022, this note was repaid in full by the Company with $20,000 in cash. As of October 31, 2022, the Company had no convertible notes payable outstanding.

**Note 6 – Common stock**

The Company is authorized to issue 985,000,000 shares of common stock, par value $001.

*<u>Stock Issued</u>*

 

On December 9, 2020, the Company issued 95,000,000 shares of common stock to Douglas Anderson for consulting services totaling $95,000. Subsequently, in a private transaction the 95,000,000 shares of Common Stock were transferred to were transferred to HNO Green Fuels Inc., a Nevada corporation, of which Donald Owens is Chief Executive Officer/control person.

On December 9, 2020, the Company issued 5,000,000 shares of common stock to Eden Capital LLC for consulting services totaling $5,000. On September 22, 2021, these shares were returned to the company and cancelled due to new management and these consulting services no longer required.

On September 20, 2020, the Company entered into a consulting agreement with DWC, LLC. Pursuant to the terms of the consulting agreement DWC, LLC is to receive 4,000,000 restricted shares of the Company's common stock in exchange for corporate consulting services to be performed. In addition, DWC, LLC has agreed to pay par value of the shares. As of the year ended October 31, 2020, these shares had not yet been issued and were recorded as a stock payable and payment of par value of the shares was recorded as a stock subscription receivable. On December 9, 2020, these shares were issued. On October 14, 2021, these shares were returned to the Company and cancelled due to new management and these consulting services no longer required.

On November 13, 2021, Company entered into a Share Exchange Agreement by and between Company and Donald Owens (the "Share Exchange Agreement"), who was the sole shareholder of HNO Hydrogen Generators, Inc., owning 10,000 shares of common stock, par value $0.001 per share, of HNO Hydrogen Generators, Inc. (the "HNO Delaware Shares"); pursuant to which the Company agreed to acquire the HNO Delaware Shares from Mr. Owens in exchange for the issuance by the Company to Mr. Owens of 20,000 shares of common stock, par value $0.001 per share, of the Company. The Share Exchange Agreement and the transactions set forth therein were approved by the Company's Board on November 13, 2021 and transactions closed on the same day, at which time HNO Hydrogen Generators, Inc., became a wholly owned subsidiary of the Company.

On August 22, 2022, the Company entered into a Termination of Share Exchange Agreement by and between the Company and Donald Owens, pursuant to which both parties agreed to cancel the Share Exchange Agreement dated November 13, 2021. Mr. Owens' 20,000 shares of common stock were returned to the Company for cancellation and the 10,000 HNO Delaware Shares were returned to Mr. Owens. HNO Hydrogen Generators, Inc. is no longer a wholly owned subsidiary of the Company.

*Stock Receivable*

On March 31, 2022, the Company issued 10,000,000 shares of common stock Vivaris Capital, LLC in exchange for $10,000 cash consideration. However, Vivaris Capital, LLC have not paid for the shares, and the Company has been unsuccessful in its attempts to collect the funds or have the shares returned.

As of October 31, 2022 and October 31, 2021, the Company had 105,265,299 and 95,265,299 shares of common stock issued and outstanding, respectively.

**Note 7 – Preferred Stock**

The Company is authorized to issue 15,000,000 shares of preferred stock, par value $001.

*Series A Preferred Stock*

The Company has designated 10,000,000 shares of Series A preferred stock, par value $0.001. On October 14, 2019, the Company issued 10,000,000 shares of the Series A preferred stock to Custodian Ventures LLC, the company controlled by David Lazar, the Company's former Chief Executive Officer for forgiveness of related party debt totaling $10,000. Subsequently, in private transactions the 10,000,000 shares of Series A Preferred were transferred. On August 16, 2022, Wilhelm Cashen, the Company's former Chief Executive Officer, returned his 5,000,000 Series A preferred stock to the Company's treasury. As of October 31, 2022, 5,000,000 shares are titled to Donald Owens.

As of October 31, 2022 and October 31, 2021, the Company had 5,000,000 and 10,000,000 shares of preferred stock issued and outstanding, respectively.

**Note 8 – Income Taxes**

For the year ended October 31, 2022, the Company has incurred net losses and therefore, it has no tax liability. The net deferred tax asset generated by the loss carry-forward has been fully reserved. The cumulative net operating loss carry-forward is approximately $40,168,610 at October 31, 2022 and will expire beginning in the year 2037.

The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% to the net loss before provision for income taxes as follows:

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| | | |
|:---|:---|:---|
|  | **For the year ended October 31, 2022** | **For the year ended October 31, 2021** |
| &nbsp;&nbsp;Income tax expense (benefit) at statutory rate | (224975) | (27916) |
| &nbsp;&nbsp;Change in valuation allowance | 224975 | 27916 |
| &nbsp;&nbsp;Income tax expense |  |  |

---

Net deferred tax assets consist of the following components as of October 31, 2022 and 2021:

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| | | |
|:---|:---|:---|
|  | **October 31, 2022** | **October 31, 2021** |
| &nbsp;&nbsp;Gross deferred tax asset | 8435408 | 8177883 |
| &nbsp;&nbsp;Valuation allowance | (8435408) | (8177883) |
| &nbsp;&nbsp;Net deferred tax asset |  |  |

---

Due to the change in ownership, provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $40,168,610 for federal income tax reporting purposes could be subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years.

The Company has no uncertain tax positions that require the Company to record a liability.

The Company had no accrued penalties and interest related to taxes as of October 31, 2022.

**Note 9 – Subsequent Events<br>** 

<br> Subsequent to October 31, 2022, the Company entered into Stock Subscription Agreements with Donald Owens, the Company's Chairman of the Board of Directors, ("purchaser") whereby the Company privately sold a total of 275,000,000 shares of its common stock, $0.001 par value per share, ("common stock") for a cash purchase price of $275,000. The purchaser is an "accredited investors (under Rule 506 (b) of Regulation D under the Securities Act of 1933, as amended). The $275,000 in proceeds from the sale of common stock will be used for operating capital. The shares are 'restricted securities' under Rule 144 of the Securities Act.

Subsequent to October 31, 2022, the Company entered into a Stock Subscription Agreement with William Parker, a member of the Company's Board of Directors, ("purchaser") whereby the Company privately sold a total of 5,000,000 shares of its common stock, $0.001 par value per share, ("common stock") for a cash purchase price of $5,000. The purchaser is an "accredited investors (under Rule 506 (b) of Regulation D under the Securities Act of 1933, as amended). The $5,000 in proceeds from the sale of common stock will be used for operating capital. The shares are 'restricted securities' under Rule 144 of the Securities Act.

Subsequent to October 31, 2022, the Company entered into a Stock Subscription Agreement with Hossein Haririnia, the Company's Treasurer and member of the Board of Directors, ("purchaser") whereby the Company privately sold a total of 2,000,000 shares of its common stock, $0.001 par value per share, ("common stock") for a cash purchase price of $2,000. The purchaser is an "accredited investors (under Rule 506 (b) of Regulation D under the Securities Act of 1933, as amended). The $2,000 in proceeds from the sale of common stock will be used for operating capital. The shares are 'restricted securities' under Rule 144 of the Securities Act.

The Company agreed to issue 20,000,000 shares of its common stock for settlement of the $20,000 note payable dated November 19, 2021 to HNO Green Fuels. The note matured on December 19, 2022 and was settled in full on December 26, 2022 with the issuance of these shares. The shares are 'restricted securities' under Rule 144 and the issuance of the shares was made in reliance upon the exemption provided in Section 4(a)(2) of the Securities Act of 1933, as amended.

On January 2, 2023, the Company's Board of Directors approved the issuance of 2,025,000 shares of our common stock in exchange for services rendered to the Company. The shares are 'restricted securities' under Rule 144 and the issuance of the shares was made in reliance upon the exemption provided in Section 4(a)(2) of the Securities Act of 1933, as amended.

On January 4, 2023, the Board of Directors and a majority of the Company's stockholders approved the proposal to increase the number of shares of capital stock that the Company is authorized to issue to 1,000,000,000. On January 6, 2023, the Company filed a Certificate of Amendment to the Articles of Incorporation with the Secretary of State of Nevada to increase the total authorized capital from 510,000,000 shares to 1,000,000,000 shares consisting of 985,000,000 shares of common stock, par value $0.001, and 15,000,000 shares of preferred stock, par value $0.001.

On January 24, 2023, the Company took a step in creating an intellectual property portfolio by entering into a Patent Purchase Agreement with Donald Owens, the Company's Chairman of the Board of Directors.

Under the terms of the Patent Agreement, Mr. Owens agreed to sell to the Company the patents listed in the table below, in exchange for the issuance of 5,000,000 shares of the Company's Series A Preferred Stock. These patents are related to hydrogen supplemental systems for on-demand hydrogen generation for internal combustion engines and a method and apparatus for increasing combustion efficiency and reducing particulate matter emissions in jet engines.

Please find the details of the patents acquired in the table below:

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| | | | | |
|:---|:---|:---|:---|:---|
| **COUNTRY** | &nbsp;&nbsp;**APPLN NO** | **Patent Number** | **TITLE** | &nbsp;&nbsp;&nbsp;**STATUS** |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>13/844,267 | &nbsp;&nbsp; <br>8757107 | &nbsp;&nbsp;HYDROGEN SUPPLEMENTAL SYSTEM FOR ON-DEMAND HYDROGEN GENERATION FOR INTERNAL COMBUSTION ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>13/922,351 | &nbsp;&nbsp; <br>9453457 | &nbsp;&nbsp;HYDROGEN SUPPLEMENTAL SYSTEM FOR ON-DEMAND HYDROGEN GENERATION FOR INTERNAL COMBUSTION ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>14/016,388 | &nbsp;&nbsp; <br>9476357 | &nbsp;&nbsp;METHOD AND APPARATUS FOR INCREASING COMBUSTION EFFICIENCY AND REDUCING PARTICULATE MATTER EMISSIONS IN JET ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>14/326,801 | &nbsp;&nbsp; <br>9267468 | &nbsp;&nbsp;HYDROGEN SUPPLEMENTAL SYSTEM FOR ON-DEMAND HYDROGEN GENERATION FOR INTERNAL COMBUSTION ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br>US | &nbsp;&nbsp; <br>17/047,041 | &nbsp;&nbsp; <br>10920717 | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY AND REDUCING EMISSIONS OF INTERNAL COMBUSTION AND/OR DIESEL ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| <br>AUSTRALIA | &nbsp;&nbsp; <br>2019405749 | &nbsp;&nbsp; <br>2019405749 | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY AND REDUCING EMISSIONS OF INTERNAL COMBUSTION AND/OR DIESEL ENGINES | &nbsp;&nbsp;&nbsp; <br>Issued |
| &nbsp;&nbsp;&nbsp;&nbsp; <br> CHINA | &nbsp;&nbsp;201980092511.1 |  | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY | &nbsp;&nbsp;&nbsp; <br> Pending |
| &nbsp;&nbsp;&nbsp;&nbsp; <br> EUROPE | <br> 19900413.6. |  | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY | &nbsp;&nbsp;&nbsp; <br> Pending |
| &nbsp;&nbsp;&nbsp;&nbsp; <br> JAPAN | &nbsp;&nbsp; <br> 2021-535288 |  | &nbsp;&nbsp;HYDROGEN PRODUCING SYSTEM AND DEVICE FOR IMPROVING FUEL EFFICIENCY | &nbsp;&nbsp;&nbsp; <br> Pending |

---

## Ex1A-2A

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## Ex1A-2B

**AMENDED AND RESTATED**

**BY-LAWS**

**OF**

**HNO International Inc. (hereinafter called the "Corporation")**

**ARTICLE I**

**<u>OFFICES</u>**

Section 1.1 <u>Registered Office</u>. The registered office of the corporation shall be established and maintained at the office of NEVADA AGENCY AND TRANSFER COMPANY, at 50 WEST LIBERTY STREET SUITE 880, Reno, NV, 89501, in the State of Nevada; NEVADA AGENCY AND TRANSFER COMPANY shall be the registered agent of the corporation in charge thereof. The registered office and registered agent may be changed from time to time by action of the board of directors of the Corporation (the "Board of Directors") and the appropriate filing by the corporation in the office of the Secretary of State of the State of Nevada.

Section 1.2. <u>Principal Office</u>. The principal office for the transaction of the business of the Corporation shall be as determined by the Board of Directors. The Board of Directors is hereby granted full power and authority to change said principal office from one location to another.

Section 1.3 <u>Other Offices</u>. The Corporation may also have offices at such other places, both within and without the State of Nevada, as the Board of Directors may from time to time determine.

**ARTICLE II** 

**<u>MEETINGS OF STOCKHOLDERS</u>**

Section 2.1 <u>Annual Meetings</u>. The Annual Meeting of stockholders of the Corporation ("Stockholders") for purposes of the Nevada Revised Statutes ("NRS") 78.330 shall be held on such date and at such time as shall be designated from time to time by the Board of Directors. The election of directors and any other proper business may be transacted at the Annual Meeting of Stockholders.

Section 2.2 <u>Special Meetings</u>. A Special meeting of the stockholders (a "Special Meeting") for any purpose or purposes may be called by the president of the Corporation, the Board of Directors or a committee of the Board of Directors that has been duly designated by the Board of Directors and whose powers and authority, as provided in a resolution of the Board of Directors or in these by-laws ("By-Laws"), include the power to call such meetings. Such request shall state the purpose or purposes of the proposed meeting. Unless otherwise prescribed by law, the articles of incorporation of the Corporation, as amended and restated from time to time (the "Articles of Incorporation") or these By-Laws, a Special Meeting may not be called by any other person or persons. No business may be transacted at any Special Meeting other than such business as may be designated in the notice (or any supplement thereto) calling such meeting.

Section 2.3 <u>Place of Meetings</u>. The president, the Board of Directors, or a committee of the Board of Directors, as the case may be, may designate the time and place, either within or without the State of Nevada, for any Annual Meeting or for any Special Meeting of the Stockholders called by the president, the Board of Directors, or a committee of the Board of Directors. The Board of Directors may, in its sole discretion, determine that any meeting of the stockholders shall be held by means of electronic communications or other available technology in accordance with Section 2.17.

Section 2.4 <u>Notice</u>. Whenever stockholders are required or permitted to take any action at a meeting, a written notice of the meeting shall be given which shall state the place, date and hour of the meeting, the means of electronic communication, if any, and, in the case of a Special Meeting, the purpose or purposes for which the meeting is called. Unless otherwise required by law, written notice of any meeting shall be given not less than ten (10) nor more than sixty (60) days before the date of the meeting to each stockholder entitled to notice of and to vote at such meeting, and shall be delivered in accordance with NRS 78.370.

Section 2.5 <u>Adjournments</u>. Any meeting of the stockholders may be adjourned from time to time to reconvene at the same or some other place, and notice need not be given of any such adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than sixty (60) days, or if after the adjournment a new record date is fixed for the adjourned meeting, notice of the adjourned meeting in accordance with the requirements of Section 2.4 hereof shall be given to each stockholder of record (including the new record date) entitled to notice of and to vote at the meeting.

Section 2.6 <u>Quorum</u>. Unless otherwise required by applicable law or the Articles of Incorporation, the holders of one-third (1/3) of the Corporation's capital stock issued and outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the transaction of business. A quorum, once established, shall not be broken by the withdrawal of enough votes to leave less than a quorum. If, however, a quorum shall not be present or represented at any meeting of the stockholders, the stockholders entitled to vote thereat, present in person or represented by proxy, shall have power to adjourn the meeting from time to time, in the manner provided in Section 2.5 hereof, until a quorum shall be present or represented.

Section 2.7 <u>Voting</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;(a) Unless otherwise required by law, the Articles of Incorporation or these By-Laws, any question brought before any meeting of the stockholders, other than the election of directors, shall be decided by the vote of the holders of a majority of the votes cast on a matter at the meeting at which a quorum is present. Directors shall be elected by a plurality of the votes cast at the election. Broker non-votes and abstentions are considered for purposes of establishing a quorum but not considered as votes cast for or against a proposal or director nominee.

&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) Unless otherwise provided in the Articles of Incorporation, and subject to Section 2.11(a), each stockholder represented at a meeting of the stockholders shall be entitled to cast one (1) vote for each share of the capital stock entitled to vote thereat held by such stockholder. Such votes may be cast in person or by proxy as provided in Section 2.8. The Board of Directors, in its discretion, or the officer of the Corporation presiding at a meeting of the stockholders, in such officer's discretion, may require that any votes cast at such meeting shall be cast by written ballot.

Section 2.8 <u>Proxies</u>. Each stockholder entitled to vote at a meeting of the stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for such stockholder as proxy, but no such proxy shall be voted upon after six months from its date of creation, unless such proxy provides for a longer period, which may not exceed seven years from the date of its creation. Without limiting the manner in which a stockholder may authorize another person or persons to act for such stockholder as proxy, the following shall constitute a valid means by which a stockholder may grant such authority:

&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) A stockholder may execute a writing authorizing another person or persons to act for such stockholder as proxy. Execution may be accomplished by the stockholder or such stockholder's authorized officer, director, employee or agent signing such writing or causing such person's signature to be affixed to such writing by any reasonable means, including, but not limited to, by facsimile signature.

&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) A stockholder may authorize another person or persons to act for such stockholder as proxy by transmitting or authorizing the transmission of an electronic record to the person who will be the holder of the proxy or to a proxy solicitation firm, proxy support service organization or like agent duly authorized by the person who will be the holder of the proxy to receive the transmission, provided that any such electronic record must either set forth or be submitted with information from which it can be determined that the electronic record was authorized by the stockholder. If it is determined that such electronic record is valid, the inspectors or, if there are no inspectors, such other persons making that determination shall specify the information on which they relied.

Any copy, facsimile or other electronic telecommunication or other reliable reproduction of the writing or electronic record authorizing another person or persons to act as proxy for a stockholder may be substituted or used in lieu of the original writing or electronic record for any and all purposes for which the original writing or electronic record could be used; <u>provided</u>, <u>however</u>, that such copy, facsimile telecommunication or other reproduction shall be a complete reproduction of the entire original writing or electronic record.

Section 2.9 <u>Consent of Stockholders in Lieu of Meeting</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;(a) Unless otherwise provided in the Articles of Incorporation, any action required or permitted to be taken at any Annual or Special Meeting of Stockholders of the Corporation may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the Corporation's principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of the stockholders are recorded, to the attention of the Secretary of the Corporation. Every written consent shall bear the date of signature of each stockholder who signs the consent and no written consent shall be effective to take the corporate action referred to therein unless, within sixty (60) days of the earliest dated consent delivered in the manner required by this Section 2.9 to the Corporation, written consents signed by a sufficient number of holders to take action are delivered to the Corporation by delivery to the Corporation's principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of the stockholders are recorded, to the attention of the Secretary of the Corporation. Any copy, facsimile or other reliable reproduction of a consent in writing may be substituted or used in lieu of the original writing for any and all purposes for which the original writing could be used, provided that such copy, facsimile or other reproduction shall be a complete reproduction of the entire original writing. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing and who, if the action had been taken at a meeting, would have been entitled to notice of the meeting if the record date for such meeting had been the date that written consents signed by a sufficient number of holders to take the action were delivered to the Corporation as provided above in this Section 2.9.

&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) 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 record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which date shall not be less than ten (10) days after the date upon which the resolution fixing the record date is adopted by the Board of Directors. Any stockholder of record seeking to have the stockholders authorize or take corporate action by written consent shall, by written notice to the Secretary of the Corporation, request the Board of Directors to fix a record date. The Board of Directors shall promptly, but in all events within ten (10) days after the date on which such a request is received, adopt a resolution fixing the record date. If no record date has been fixed by the Board of Directors within ten (10) days of the date on which such a request is received, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by applicable law, 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's principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of the stockholders are recorded, to the attention of the Secretary of the Corporation. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by applicable 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 date 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event of the delivery, in the manner provided by this Section 2.9, to the Corporation of the requisite written consent or consents to take corporate action and/or any related revocation or revocations, the Corporation shall engage independent inspectors of elections for the purpose of performing promptly a ministerial review of the validity of the consents and revocations. For the purpose of permitting the inspectors to perform such review, no action by written consent without a meeting shall be effective until such date as the independent inspectors certify to the Corporation that the consents delivered to the Corporation in accordance with this Section 2.9 represent at least a minimum number of votes that would be necessary to take the corporate action. Nothing contained in this Section 2.9(c) shall in any way be construed to suggest or imply that the board of directors or any stockholder shall not be entitled to contest the validity of any consent or revocation thereof, whether before or after such certification by the independent inspectors, or to take any other action (including, without limitation, the commencement, prosecution, or defense of any litigation with respect thereto, and the seeking of injunctive relief in such litigation).

Section 2.10 <u>List of Stockholders Entitled to Vote</u>. The officer of the Corporation who has charge of the stock ledger of the Corporation shall prepare and make, at least ten (10) days but not more than sixty (60) days, before every meeting of the stockholders, a complete list of the stockholders of record entitled to vote at the meeting, arranged in alphabetical order, and showing the address of each stockholder of record and the number of shares registered in the name of each stockholder of record. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, during ordinary business hours, for a period of at least ten (10) days prior to the meeting (i) either at a place within the city where the meeting is to be held, which place shall be specified in the notice of the meeting, or, if not so specified, at the place where the meeting is to be held or (ii) during ordinary business hours, at the principal place of business of the Corporation. The list shall also be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected by any stockholder who is present. Except as otherwise required by law, such list shall be the only evidence as to who are the stockholders entitled to vote at any meeting of the stockholders. In the event that more than one group of shares is entitled to vote as a separate voting group at the meeting, there shall be a separate listing of the stockholders of each group.

Section 2.11 <u>Record Date</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;(a) In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of the stockholders or any adjournment thereof, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than sixty (60) nor less than ten (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 the stockholders shall be at the close of business on the day before the day on which the first 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 the stockholders shall apply to any adjournment of the meeting; <u>provided</u>, <u>however</u>, that the Board of Directors may fix a new record date for the adjourned meeting.

&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) 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 record date shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which record date shall not be more than ten (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 stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by applicable law, 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's principal place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of the stockholders are recorded, to the attention of the Secretary of the Corporation. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by applicable 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.

Section 2.12 <u>Stock Ledger</u>. The stock ledger of the Corporation shall be the only evidence as to who are the stockholders entitled to examine the stock ledger, the list required by Section 2.10 or the books of the Corporation, or to vote in person or by proxy at any meeting of the stockholders.

Section 2.13 <u>Conduct of Meetings</u>. Meetings of stockholders shall be presided over by the chairman of the Board of Directors (the "Chairman"), or, in the absence of the Chairman, by the vice chairman of the Board of Directors, if any, or if there be no vice chairman or in the absence of the vice chairman, by the chief executive officer, if any, or if there be no chief executive officer or in the absence of the chief executive officer, by the president, or, in the absence of the president, or, in the absence of any of the foregoing persons, by a chairman designated by the Board of Directors, or by a chairman chosen at the meeting by the stockholders entitled to cast a majority of the votes which all stockholders present in person or by proxy are entitled to cast. The individual acting as chairman of the meeting may delegate any or all of his or her authority and responsibilities as such to any director or officer of the Corporation present in person at the meeting. The secretary, or in the absence of the secretary an assistant secretary, shall act as secretary of the meeting, but in the absence of the secretary and any assistant secretary the chairman of the meeting may appoint any person to act as secretary of the meeting. The order of business at each such meeting shall be as determined by the chairman of the meeting. The chairman of the meeting shall have the right and authority to prescribe such rules, regulations and procedures and to do all such acts and things as are necessary or desirable for the proper conduct of the meeting, including, without limitation, (i) the establishment of procedures for the maintenance of order and safety, (ii) the establishment of an agenda or order of business for the meeting, (iii) limitation on participation in the meeting to stockholders of record of the Corporation, their duly authorized and constituted proxies and such other persons as the chairman of the meeting shall permit, (iv) limitation on the time allotted for consideration of each agenda item and for questions or comments by meeting participants, (v) restrictions on entry to such meeting after the time prescribed for the commencement thereof, and (vi) the opening and closing of the voting polls. The Board of Directors, in its discretion, or the chairman of the meeting, in his or her discretion, may require that any votes cast at such meeting shall be cast by written ballot.

Section 2.14 <u>Inspectors of Election</u>. In advance of any meeting of the stockholders, the Board of Directors, by resolution, the Chairman or the president shall appoint one or more inspectors to act at the meeting and make a written report thereof. One or more other persons may be designated as alternate inspectors to replace any inspector who fails to act. If no inspector or alternate is able to act at a meeting of the stockholders, the chairman of the meeting shall appoint one or more inspectors to act at the meeting. Unless otherwise required by applicable law, inspectors may be officers, employees or agents of the Corporation. Each inspector, before entering upon the discharge of the duties of inspector, shall take and sign an oath to faithfully execute the duties of inspector with strict impartiality and according to the best of such inspector's ability. The inspector or inspectors may (i) ascertain the number of shares outstanding and the voting power of each; (ii) determine the number of shares represented at a meeting and the validity of proxies or ballots; (iii) count all votes and ballots; (iv) determine any challenges made to any determination made by the inspector(s); and (v) certify the determination of the number of shares represented at the meeting and the count of all votes and ballots.

Section 2.15 <u>Nature of Business at Meetings of Stockholders</u>. Only such business (other than nominations for election to the Board of Directors and the election of directors, which must comply with the provisions of Section 2.16) may be transacted at an Annual Meeting of Stockholders as is either (a) specified in the notice of meeting (or any supplement thereto) given by or at the direction of the Board of Directors (or any duly authorized committee thereof), (b) otherwise properly brought before the Annual Meeting by or at the direction of the Board of Directors (or any duly authorized committee thereof), or (c) otherwise properly brought before the Annual Meeting by any stockholder of the Corporation (i) who is a stockholder of record on the date of the giving of the notice provided for in this Section 2.15 and on the record date for the determination of stockholders entitled to notice of and to vote at such Annual Meeting and (ii) who complies with the notice procedures set forth in this Section 2.15.

In addition to any other applicable requirements, for business to be properly brought before an Annual Meeting by a stockholder, such stockholder must have given timely notice thereof in proper written form to the Secretary of the Corporation.

To be timely, a stockholder's notice to the Secretary must be delivered to or be mailed and received at the principal executive offices of the Corporation not less than ninety (90) days nor more than one-hundred and twenty (120) days prior to the anniversary date of the immediately preceding Annual Meeting of Stockholders; <u>provided</u>, <u>however</u>, that in the event that the Annual Meeting is called for a date that is not within twenty-five (25) days before or after such anniversary date, notice by the stockholder in order to be timely must be so received not later than the close of business on the tenth (10th) day following the day on which such notice of the date of the Annual Meeting was mailed or such public disclosure of the date of the Annual Meeting was made, whichever first occurs. In no event shall the adjournment or postponement of an Annual Meeting, or the public announcement of such an adjournment or postponement, commence a new time period (or extend any time period) for the giving of a stockholder's notice as described above.

To be in proper written form, a stockholder's notice to the Secretary must set forth the following information: (a) as to each matter such stockholder proposes to bring before the Annual Meeting, a brief description of the business desired to be brought before the Annual Meeting and the reasons for conducting such business at the Annual Meeting, and (b) as to the stockholder giving notice and the beneficial owner, if any, on whose behalf the proposal is being made, (i) the name and address of such person, (ii) (A) the class or series and number of all shares of stock of the Corporation which are owned beneficially or of record by such person and any affiliates or associates of such person, (B) the name of each nominee holder of shares of all stock of the Corporation owned beneficially but not of record by such person or any affiliates or associates of such person, and the number of such shares of stock of the Corporation held by each such nominee holder, (C) whether and the extent to which any derivative instrument, swap, option, warrant, short interest, hedge or profit interest or other transaction has been entered into by or on behalf of such person, or any affiliates or associates of such person, with respect to stock of the Corporation and (D) whether and the extent to which any other transaction, agreement, arrangement or understanding (including any short position or any borrowing or lending of shares of stock of the Corporation) has been made by or on behalf of such person, or any affiliates or associates of such person, the effect or intent of any of the foregoing being to mitigate loss to, or to manage risk or benefit of stock price changes for, such person, or any affiliates or associates of such person, or to increase or decrease the voting power or pecuniary or economic interest of such person, or any affiliates or associates of such person, with respect to stock of the Corporation; (iii) a description of all agreements, arrangements, or understandings (whether written or oral) between or among such person, or any affiliates or associates of such person, and any other person or persons (including their names) in connection with the proposal of such business and any material interest of such person or any affiliates or associates of such person, in such business, including any anticipated benefit therefrom to such person, or any affiliates or associates of such person, (iv) a representation that the stockholder giving notice intends to appear in person or by proxy at the Annual Meeting to bring such business before the meeting; and (v) any other information relating to such person that would be required to be disclosed in a proxy statement or other filing required to be made in connection with the solicitation of proxies by such person with respect to the proposed business to be brought by such person before the Annual Meeting pursuant to Section 14 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations promulgated thereunder.

A stockholder providing notice of business proposed to be brought before an Annual Meeting shall further update and supplement such notice, if necessary, so that the information provided or required to be provided in such notice pursuant to this Section 2.15 shall be true and correct as of the record date for determining the stockholders entitled to receive notice of the Annual Meeting and such update and supplement shall be delivered to or be mailed and received by the Secretary at the principal executive offices of the Corporation not later than five (5) business days after the record date for determining the stockholders entitled to receive notice of the Annual Meeting.

No business shall be conducted at the Annual Meeting of Stockholders except business brought before the Annual Meeting in accordance with the procedures set forth in this Section 2.15; <u>provided</u>, <u>however</u>, that, once business has been properly brought before the Annual Meeting in accordance with such procedures, nothing in this Section 2.15 shall be deemed to preclude discussion by any stockholder of any such business. If the chairman of an Annual Meeting determines that business was not properly brought before the Annual Meeting in accordance with the foregoing procedures, the chairman shall declare to the meeting that the business was not properly brought before the meeting and such business shall not be transacted.

Nothing contained in this Section 2.15 shall be deemed to affect any rights of stockholders to request inclusion of proposals in the Corporation's proxy statement pursuant to Rule 14a-8 under the Exchange Act (or any successor provision of law).

Section 2.16 <u>Nomination of Directors</u>. Only natural persons of at least 18 years of age who are nominated in accordance with the following procedures shall be eligible for election as directors of the Corporation, except as may be otherwise provided in the Articles of Incorporation with respect to the right of holders of preferred stock, if any, of the Corporation to nominate and elect a specified number of directors in certain circumstances. Nominations of persons for election to the Board of Directors may be made at any Annual Meeting of Stockholders, or at any Special Meeting of Stockholders called for the purpose of electing directors, (a) by or at the direction of the Board of Directors (or any duly authorized committee thereof) or (b) by any stockholder of the Corporation (i) who is a stockholder of record on the date of the giving of the notice provided for in this Section 2.16 and on the record date for the determination of stockholders entitled to notice of and to vote at such Annual Meeting or Special Meeting and (ii) who complies with the notice procedures set forth in this Section 2.16.

In addition to any other applicable requirements, for a nomination to be made by a stockholder, such stockholder must have given timely notice thereof in proper written form to the Secretary of the Corporation. To be timely, a stockholder's notice to the Secretary must be delivered to or be mailed and received at the principal executive offices of the Corporation (a) in the case of an Annual Meeting, not less than ninety (90) days nor more than one-hundred and twenty (120) days prior to the anniversary date of the immediately preceding Annual Meeting of Stockholders; <u>provided</u>, <u>however</u>, that in the event that the Annual Meeting is called for a date that is not within twenty-five (25) days before or after such anniversary date, notice by the stockholder in order to be timely must be so received not later than the close of business on the tenth (10th) day following the day on which such notice of the date of the Annual Meeting was mailed or such public disclosure of the date of the Annual Meeting was made, whichever first occurs; and (b) in the case of a Special Meeting of Stockholders called for the purpose of electing directors, not later than the close of business on the tenth (10th) day following the day on which notice of the date of the Special Meeting was mailed or public disclosure of the date of the Special Meeting was made, whichever first occurs. In no event shall the adjournment or postponement of an Annual Meeting or a Special Meeting called for the purpose of electing directors, or the public announcement of such an adjournment or postponement, commence a new time period (or extend any time period) for the giving of a stockholder's notice as described above.

To be in proper written form, a stockholder's notice to the Secretary must set forth the following information: (a) as to each person whom the stockholder proposes to nominate for election as a director (i) the name, age, business address and residence address of such person and that such person is a natural person of at least 18 years of age, (ii) the principal occupation or employment of such person, (iii) (A) the class or series and number of all shares of stock of the Corporation which are owned beneficially or of record by such person and any affiliates or associates of such person, (B) the name of each nominee holder of shares of all stock of the Corporation owned beneficially but not of record by such person or any affiliates or associates of such person, and the number of such shares of stock of the Corporation held by each such nominee holder, (C) whether and the extent to which any derivative instrument, swap, option, warrant, short interest, hedge or profit interest or other transaction has been entered into by or on behalf of such person, or any affiliates or associates of such person, with respect to stock of the Corporation and (D) whether and the extent to which any other transaction, agreement, arrangement or understanding (including any short position or any borrowing or lending of shares of stock of the Corporation) has been made by or on behalf of such person, or any affiliates or associates of such person, the effect or intent of any of the foregoing being to mitigate loss to, or to manage risk or benefit of stock price changes for, such person, or any affiliates or associates of such person, or to increase or decrease the voting power or pecuniary or economic interest of such person, or any affiliates or associates of such person, with respect to stock of the Corporation; and (iv) any other information relating to such person that would be required to be disclosed in a proxy statement or other filings required to be made in connection with solicitations of proxies for election of directors pursuant to Section 14 of the Exchange Act, and the rules and regulations promulgated thereunder; and (b) as to the stockholder giving the notice, and the beneficial owner, if any, on whose behalf the nomination is being made, (i) the name and record address of the stockholder giving the notice and the name and principal place of business of such beneficial owner; (ii) (A) the class or series and number of all shares of stock of the Corporation which are owned beneficially or of record by such person and any affiliates or associates of such person, (B) the name of each nominee holder of shares of the Corporation owned beneficially but not of record by such person or any affiliates or associates of such person, and the number of shares of stock of the Corporation held by each such nominee holder, (C) whether and the extent to which any derivative instrument, swap, option, warrant, short interest, hedge or profit interest or other transaction has been entered into by or on behalf of such person, or any affiliates or associates of such person, with respect to stock of the Corporation and (D) whether and the extent to which any other transaction, agreement, arrangement or understanding (including any short position or any borrowing or lending of shares of stock of the Corporation) has been made by or on behalf of such person, or any affiliates or associates of such person, the effect or intent of any of the foregoing being to mitigate loss to, or to manage risk or benefit of stock price changes for, such person, or any affiliates or associates of such person, or to increase or decrease the voting power or pecuniary or economic interest of such person, or any affiliates or associates of such person, with respect to stock of the Corporation; (iii) a description of all agreements, arrangements, or understandings (whether written or oral) between such person, or any affiliates or associates of such person, and any proposed nominee or any other person or persons (including their names) pursuant to which the nomination(s) are being made by such person, and any material interest of such person, or any affiliates or associates of such person, in such nomination, including any anticipated benefit therefrom to such person, or any affiliates or associates of such person; (iv) a representation that the stockholder giving notice intends to appear in person or by proxy at the Annual Meeting or Special Meeting to nominate the persons named in its notice; and (v) any other information relating to such person that would be required to be disclosed in a proxy statement or other filings required to be made in connection with the solicitation of proxies for election of directors pursuant to Section 14 of the Exchange Act and the rules and regulations promulgated thereunder. Such notice must be accompanied by a written consent of each proposed nominee to being named as a nominee and to serve as a director if elected.

A stockholder providing notice of any nomination proposed to be made at an Annual Meeting or Special Meeting shall further update and supplement such notice, if necessary, so that the information provided or required to be provided in such notice pursuant to this Section 2.16 shall be true and correct as of the record date for determining the stockholders entitled to receive notice of the Annual Meeting or Special Meeting, and such update and supplement shall be delivered to or be mailed and received by the Secretary at the principal executive offices of the Corporation not later than five (5) business days after the record date for determining the stockholders entitled to receive notice of such Annual Meeting or Special Meeting.

No person shall be eligible for election as a director of the Corporation unless nominated in accordance with the procedures set forth in this Section 2.16. If the chairman of the meeting determines that a nomination was not made in accordance with the foregoing procedures, the chairman shall declare to the meeting that the nomination was defective and such defective nomination shall be disregarded.

Section 2.17 <u>Meetings Through Electronic Communications</u>. Stockholders may participate in a meeting of the stockholders by any means of electronic communications, videoconferencing, teleconferencing or other available technology permitted under the NRS (including, without limitation, a telephone conference or similar method of communication by which all individuals participating in the meeting can hear each other) and utilized by the Corporation. If any such means are utilized, the Corporation shall, to the extent required under the NRS, implement reasonable measures to (a) verify the identity of each person participating through such means as a stockholder and (b) provide the stockholders a reasonable opportunity to participate in the meeting and to vote on matters submitted to the stockholders, including an opportunity to communicate, and to read or hear the proceedings of the meeting in a substantially concurrent manner with such proceedings. Participation in a meeting pursuant to this Section 2.17 constitutes presence in person at the meeting.

**ARTICLE III**

**<u>DIRECTORS</u>**

Section 3.1 <u>Number, Election and Term of Directors</u>. The Board of Directors shall consist of not less than one nor more than nine members, the exact number of which shall be fixed from time to time by the Board of Directors. No decrease in the number of authorized directors constituting the Board of Directors of the Corporation shall shorten the term of any incumbent director. Except as provided in Section 3.2, directors shall be elected by a plurality of the votes cast at each Annual Meeting of Stockholders and each director so elected shall hold office until the next Annual Meeting of Stockholders, or until such director's earlier death, resignation or removal. Despite the expiration of a director's term, the director shall continue to serve until his or her successor is elected and qualified. Directors must be natural persons of at least 18 years of age but need not be stockholders of the Corporation or residents of the State of Nevada.

Section 3.2 <u>Vacancies</u>. Unless otherwise required in the Articles of Incorporation, vacancies on the Board of Directors or any committee thereof arising through death, resignation, removal, an increase in the number of directors constituting the Board of Directors or such committee or otherwise may be filled only by a majority of the remaining directors then in office, though less than a quorum, or by a sole remaining director. The directors so chosen shall, in the case of the Board of Directors, hold office until the next annual election and until their successors are duly elected and qualified, or until their earlier death, resignation or removal and, in the case of any committee of the Board of Directors, shall hold office until their successors are duly appointed by the Board of Directors or until their earlier death, resignation or removal.

Section 3.3 <u>Duties and Powers</u>. The business and affairs of the Corporation shall be managed by or under the direction of the 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 By-Laws required to be exercised or done by the stockholders.

Section 3.4 <u>Meetings</u>. The Board of Directors and any committee thereof may hold meetings, both regular and special, either within or without the State of Nevada. Regular meetings of the Board of Directors or any committee thereof may be held without notice at such time and at such place as may from time to time be determined by the Board of Directors or such committee, respectively. Special meetings of the Board of Directors may be called by the Chairman, if any, or the president. Special meetings of any committee of the Board of Directors may be called by the chairman of such committee, if any, the president, or any director serving on such committee. Notice thereof stating the place, date and hour of the meeting shall be given to each director (or, in the case of a committee, to each member of such committee) either by mail not less than seventy-two (72) hours before the date of the meeting, by telephone or electronic mail on twenty-four (24) hours' notice, or on such shorter notice as the person or persons calling such meeting may deem necessary or appropriate in the circumstances.

Section 3.5 <u>Organization</u>. At each meeting of the Board of Directors or any committee thereof, the Chairman of the Board of Directors or the chairman of such committee, as the case may be, or, in his or her absence or if there be none, a director chosen by a majority of the directors present, shall act as chairman. Except as provided below, the Secretary of the Corporation shall act as secretary at each meeting of the Board of Directors and of each committee thereof. In case the Secretary shall be absent from any meeting of the Board of Directors or of any committee thereof, an Assistant Secretary shall perform the duties of secretary at such meeting; and in the absence from any such meeting of the Secretary and all the Assistant Secretaries, the chairman of the meeting may appoint any person to act as secretary of the meeting. Notwithstanding the foregoing, the members of each committee of the Board of Directors may appoint any person to act as secretary of any meeting of such committee and the Secretary or any Assistant Secretary of the Corporation may, but need not if such committee so elects, serve in such capacity.

Section 3.6 <u>Resignations and Removals of Directors</u>. Any director of the Corporation may resign from the Board of Directors or any committee thereof at any time, by giving notice in writing to the Chairman of the Board of Directors, if any, the president or the secretary of the Corporation and, in the case of a committee, to the chairman of such committee, if any. Such resignation shall take effect at the time therein specified or, if no time is specified, immediately; and, unless otherwise specified in such notice, the acceptance of such resignation shall not be necessary to make it effective. Except as otherwise required by applicable law and subject to the rights, if any, of the holders of shares of preferred stock then outstanding, any director or the entire Board of Directors may be removed from office at any time, with or without cause, and only by the affirmative vote of the holders of at least two-thirds (2/3) of the combined voting power of the issued and outstanding capital stock of the Corporation entitled to vote in the election of directors, voting together as a single class. Any director serving on a committee of the Board of Directors may be removed from such committee at any time by the Board of Directors.

Section 3.7 <u>Quorum and Voting</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;(a) Except as otherwise required or permitted by the Articles of Incorporation, the NRS or the rules and regulations of any securities exchange or quotation system on which the Corporation's securities are listed or quoted for trading, at all meetings of the Board of Directors or any committee thereof, a majority of the entire Board of Directors or a majority of the directors constituting such committee, as the case may be, shall constitute a quorum for the transaction of business and the act of a majority of the directors or committee members present at any meeting at which there is a quorum shall be the act of the Board of Directors or such committee, as applicable. If a quorum shall not be present at any meeting of the Board of Directors or any committee thereof, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting of the time and place of the adjourned meeting, until a quorum shall be present.

&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) Each director shall have one vote for any action required or permitted to be taken at any meeting of the Board or any committee thereof or without a meeting as provided herein. In accordance with NRS 78.330, all directors and classes of directors shall have the same voting rights.

Section 3.8 <u>Actions of the Board by Written Consent</u>. Unless otherwise provided in the Articles of Incorporation or these By-Laws, any action required or permitted to be taken at any meeting of the Board of Directors or of any committee thereof may be taken without a meeting, if all the members of the Board of Directors or such committee, as the case may be, consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board of Directors or such committee.

Section 3.9 <u>Meetings by Means of Conference Telephone</u>. Unless otherwise provided in the Articles of Incorporation or these By-Laws, members of the Board of Directors, or any committee thereof, may participate in a meeting of the Board of Directors or such committee by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting pursuant to this Section 3.9 shall constitute presence in person at such meeting.

Section 3.10 <u>Committees</u>. The Board of Directors may designate one or more committees, each committee to consist of one or more of the directors of the Corporation. Each member of a committee must meet the requirements for membership, if any, imposed by applicable law and the rules and regulations of any securities exchange or quotation system on which the securities of the Corporation are listed or quoted for trading. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of any such committee. Subject to the rules and regulations of any securities exchange or quotation system on which the securities of the Corporation are listed or quoted for trading, in the absence or disqualification of a member of a committee, and in the absence of a designation by the Board of Directors of an alternate member to replace the absent or disqualified member, the member or members thereof present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another qualified member of the Board of Directors to act at the meeting in the place of any absent or disqualified member. Any committee, to the extent permitted by law and provided in the resolution establishing such committee, shall have and may exercise all the powers and authority of the Board of Directors in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers which may require it. Each committee shall keep regular minutes and report to the Board of Directors when required. Notwithstanding anything to the contrary contained in this Article III, the resolution of the Board of Directors establishing any committee of the Board of Directors and/or the charter of any such committee may establish requirements or procedures relating to the governance and/or operation of such committee that are different from, or in addition to, those set forth in these By-Laws and, to the extent that there is any inconsistency between these By-Laws and any such resolution or charter, the terms of such resolution or charter shall be controlling; provided that it complies with the NRS.

Section 3.11 <u>Compensation</u>. 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 a stated salary for service as director, payable in cash or securities. No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for service as committee members.

Section 3.12 <u>Interested Directors</u>. No contract or transaction between the Corporation and one or more of its directors or officers, or between the Corporation and any other corporation, partnership, association or other organization in which one or more of its directors or officers are directors or officers or have a financial interest, shall be void or voidable solely for this reason, or solely because the director or officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because any such director's or officer's vote is counted for such purpose if: (i) the material facts as to the director's or officer's relationship or interest and as to the contract or transaction are disclosed or are known to the Board of Directors or the committee, and the Board of Directors or committee in good faith authorizes the contract or transaction by the affirmative votes of a majority of the disinterested directors, even though the disinterested directors be less than a quorum; or (ii) the material facts as to the director's or officer's relationship or interest and as to the contract or transaction are disclosed or are known to the stockholders entitled to vote thereon, and the contract or transaction is specifically approved in good faith by vote of the stockholders holding a majority of the voting power (the votes of the common or interested directors may be counted); and (iii) the contract or transaction is fair as to the Corporation as of the time it is authorized, approved or ratified by the Board of Directors, a committee thereof or the stockholders. Common or interested directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorizes the contract or transaction as set forth herein.

**ARTICLE IV**

**<u>OFFICERS</u>**

Section 4.1 <u>General</u>. The officers of the Corporation shall consist of a chief executive officer, president, chief operating officer, chief financial officer and a secretary, each of whom shall be elected by the Board. Such other officers and assistant officers as may be deemed necessary may be elected or appointed by the Board. All officers must be natural persons and any natural person may hold two or more offices, except that in the event that the Corporation shall have more than one director, the offices of president and secretary shall be held by different persons.

Section 4.2 <u>Election, Qualification and Term of Office</u>. Each of the officers shall be elected by the Board. None of said officers need be a director. Except as hereinafter provided or subject to the express provisions of a contract authorized by the Board of Directors, each of said officers shall hold office from the date of his/her election until the next annual meeting of the Board and until his/her successor shall have been duly elected and qualified or until his or her removal or resignation.

Section 4.3 <u>Voting Securities Owned by the Corporation</u>. Powers of attorney, proxies, waivers of notice of meeting, consents and other instruments relating to securities owned by the Corporation may be executed in the name of and on behalf of the Corporation by the president or any vice president or any other officer authorized to do so by the Board of Directors and any such officer may, in the name of and on behalf of the Corporation, take all such action as any such officer may deem advisable to vote in person or by proxy at any meeting of security holders of any corporation in which the Corporation may own securities and at any such meeting shall possess and may exercise any and all rights and power incident to the ownership of such securities and which, as the owner thereof, the Corporation might have exercised and possessed if present. The Board of Directors may, by resolution, from time to time confer like powers upon any other person or persons.

Section 4.4 <u>Removal</u>. The Board of Directors shall have the right to remove, with or without cause, any officer of the Corporation.

Section 4.5 <u>Resignation</u>. Any officer may resign at any time by giving notice to the Board, the president or the secretary. Any such resignation shall take effect at the date of receipt of such notice or at any later date specified therein; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Section 4.6 <u>Vacancies</u>. The Board of Directors shall fill any office which becomes vacant with a successor who shall hold office for the unexpired term and until his/her successor shall have been duly elected and qualified or until his or her removal or resignation.

Section 4.7 <u>Powers and Duties</u>. The powers and duties of the respective corporate officers shall be determined by the Board.

Section 4.8 <u>Salaries</u>. The salaries of all executive officers of the Corporation shall be fixed by the Board of Directors or by such committee of the Board of Directors as may be designated from time to time by a resolution adopted by a majority of the Board of Directors.

Section 4.9 <u>Other Officers</u>. Such other officers as the Board of Directors may choose shall perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors. The Board of Directors may delegate to any other officer of the Corporation the power to choose such other officers and to prescribe their respective duties and powers.

**ARTICLE V**

**<u>STOCK</u>**

Section 5.1 <u>Shares of Stock</u>. The shares of capital stock of the Corporation shall be represented by a certificate, unless and until the Board of Directors adopts a resolution permitting shares to be uncertificated. Notwithstanding the adoption of any such resolution providing for uncertificated shares, every holder of capital stock of the Corporation theretofore represented by certificates and, upon request, every holder of uncertificated shares, shall be entitled to have a certificate for shares of capital stock of the Corporation signed by, or in the name of the Corporation by, (a) the Chairman, the chief executive officer or the president, and (b) the chief financial officer or the secretary, certifying the number of shares owned by such stockholder in the Corporation.

Section 5.2 <u>Signatures</u>. Any or all of the signatures on a certificate may be a facsimile. In case any officer, transfer agent or registrar who has signed or whose facsimile signature has been placed upon a certificate shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if such person were such officer, transfer agent or registrar at the date of issue.

Section 5.3 <u>Lost Certificates</u>. Unless otherwise provided in the Articles of Incorporation or these By-laws, the Board of Directors may direct a new certificate or uncertificated shares be issued in place of any certificate theretofore 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 certificate of stock to be lost, stolen or destroyed. When authorizing such issuance of a new certificate or uncertificated shares, the Board of Directors may, in its discretion and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate, or such owner's legal representative, to identify the same in such manner as the Board of Directors shall require and/or 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 on account of the alleged loss, theft or destruction of such certificate or the issuance of such new certificate or uncertificated shares.

Section 5.4 <u>Transfers</u>. Stock of the Corporation shall be transferable in the manner prescribed by applicable law and in these By-Laws. Transfers of stock shall be made only on the books of the Corporation, and in the case of certificated shares of stock, only by the person named in the certificate or by such person's attorney lawfully constituted in writing and upon the surrender of the certificate therefor, properly endorsed for transfer and payment of all necessary transfer taxes; or, in the case of uncertificated shares of stock, upon receipt of proper transfer instructions from the registered holder of the shares or by such person's attorney lawfully constituted in writing, and upon payment of all necessary transfer taxes and compliance with appropriate procedures for transferring shares in uncertificated form; <u>provided</u>, <u>however</u>, that such surrender and endorsement, compliance or payment of taxes shall not be required in any case in which the officers of the Corporation shall determine to waive such requirement. With respect to certificated shares of stock, every certificate exchanged, returned or surrendered to the Corporation shall be marked "Cancelled," with the date of cancellation, by the Secretary or Assistant Secretary of the Corporation or the transfer agent thereof. No transfer of stock shall be valid as against the Corporation for any purpose until it shall have been entered in the stock records of the Corporation by an entry showing from and to whom transferred.

Section 5.5 <u>Regulations</u>. The Board of Directors may make such rules and regulations as it may deem expedient, not inconsistent with these By-Laws, concerning the issue, transfer and registration of certificates for shares or uncertificated shares of the stock of the Corporation.

Section 5.6 <u>Dividend Record Date</u>. Subject to compliance with NRS 78.288 and 78.300, and the Articles of Incorporation, 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 in respect of any change, conversion or exchange of stock, or for the purpose of any other lawful action, the Board of Directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than sixty (60) days prior to 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 relating thereto.

Section 5.7 <u>Record Owners</u>. The Corporation shall 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 shall 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 shall have express or other notice thereof, except as otherwise required by law.

Section 5.8 <u>Transfer and Registry Agents</u>. The Corporation may from time to time maintain one or more transfer offices or agencies and registry offices or agencies at such place or places as may be determined from time to time by the Board of Directors.

Section 5.9 <u>Consideration for Shares</u>. The Board of Directors may authorize shares to be issued for consideration consisting of any tangible or intangible property or benefit to the Corporation including, without limitation, cash, services performed or other securities of the Corporation. When the Corporation receives the consideration for which the Board of Directors authorized the issuance of shares, such shares shall be fully paid and non-assessable (if non-assessable stock) and the stockholders shall not be liable to the Corporation or to its creditors in respect thereof.

**ARTICLE VI**

**<u>NOTICES</u>**

Section 6.1 <u>Notices</u>. Whenever written notice is required by the NRS, the Articles of Incorporation or these By-Laws, to be given to any director, member of a committee or stockholder, such notice may be given by mail in accordance with the NRS, and as permitted thereby, addressed to such director, member of a committee or stockholder, at such person's address as it appears on the records of the Corporation, with postage thereon prepaid, and such notice shall be deemed to be given at the time when the same shall be deposited in the United States mail. Written notice may also be given personally or by electronic transmission (by fax, electronic mail, or posting on electronic network).

Section 6.2 <u>Waivers of Notice</u>. Whenever any notice is required by applicable law, the Articles of Incorporation or these By-Laws, to be given to any director, member of a committee or stockholder, a waiver thereof in writing, signed by the person or persons entitled to notice, or by transmission of an electronic record by that person, whether before or after the time stated therein, shall be deemed equivalent thereto.

Attendance of a person at a meeting, present in person or represented by proxy, shall constitute a waiver of notice of such meeting, except where the person attends the meeting for the express purpose of objecting at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any Annual or Special Meeting of Stockholders or any regular or special meeting of the directors or members of a committee of directors need be specified in any written waiver of notice unless so required by law, the Articles of Incorporation or these By-Laws.

**ARTICLE VII**

**<u>GENERAL PROVISIONS</u>**

Section 7.1 <u>Dividends</u>. Dividends upon the capital stock of the Corporation, subject to the requirements of the NRS and the provisions of the Articles of Incorporation, if any, may be declared by the Board of Directors at any regular or special meeting of the Board of Directors (or any action by written consent in lieu thereof in accordance with Section 3.8 hereof), and may be paid in cash or in property other than shares. Before payment of any dividend, there may be set aside out of any funds of the Corporation available for dividends such sum or sums as the Board of Directors from time to time, in its absolute discretion, deems proper as a reserve or reserves to meet contingencies, or for purchasing any of the shares of capital stock, warrants, rights, options, bonds, debentures, notes, scrip or other securities or evidences of indebtedness of the Corporation, or for equalizing dividends, or for repairing or maintaining any property of the Corporation, or for any proper purpose, and the Board of Directors may modify or abolish any such reserve.

Section 7.2 <u>Disbursements</u>. All checks or demands for money and notes of the Corporation shall be signed by such officer or officers or such other person or persons as the Board of Directors may from time to time designate.

Section 7.3 <u>Fiscal Year</u>. The fiscal year of the Corporation shall be fixed by resolution of the Board of Directors.

Section 7.4 <u>Corporate Seal</u>. The corporate seal shall have inscribed thereon the name of the Corporation, the year of its organization and the words "Corporate Seal, Nevada". The seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise.

**ARTICLE VIII**

**<u>INDEMNIFICATION</u>**

Section 8.1 <u>Power to Indemnify in Actions, Suits or Proceedings othe</u>r <u>than Those by or in the Right of the Corporation</u>. Subject to Section 8.3 and to the fullest extent permitted by the NRS, the Corporation shall 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 (other than an action by or in the right of the Corporation), by reason of the fact that such person is or was a director or officer of the Corporation, or is or was a director or officer of the Corporation serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person 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 such person's conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person 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 reasonable cause to believe that such person's conduct was unlawful.

Section 8.2 <u>Power to Indemnify in Actions, Suits or Proceedings by o</u>r <u>in the Right of the Corporation</u>. Subject to Section 8.3 and to the fullest extent permitted by the NRS, the Corporation shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in its favor by reason of the fact that such person is or was a director or officer of the Corporation, or is or was a director or officer of the Corporation serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation; except that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the Corporation unless and only to the extent that the court in which such action or suit was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses which the court in which such action or suit was brought deem proper.

Section 8.3 <u>Authorization of Indemnification</u>. Any indemnification under this Article VIII (unless ordered by a court) shall be made by the Corporation only as permitted by the NRS and authorized in the specific case upon a determination that indemnification of the present or former director or officer is proper in the circumstances because such person has met the applicable standard of conduct set forth in Section 8.1 or Section 8.2, as the case may be. Such determination shall be made, with respect to a person who is a director or officer at the time of such determination, (i) by a majority vote of the directors who are not parties to such action, suit or proceeding, even though less than a quorum, or (ii) by a committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (iii) if there are no such directors, or if such directors so direct, by independent legal counsel in a written opinion or (iv) by the stockholders. Such determination shall be made, with respect to former directors and officers, by any person or persons having the authority to act on the matter on behalf of the Corporation. To the extent, however, that a present or former director or officer of the Corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding described above, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith, without the necessity of authorization in the specific case.

Section 8.4 <u>Good Faith Defined</u>. For purposes of any determination under Section 8.3, a person shall be deemed to have acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, or, with respect to any criminal action or proceeding, to have had no reasonable cause to believe such person's conduct was unlawful, if such person's action is based on the records or books of account of the Corporation or another enterprise, or on information supplied to such person by the officers of the Corporation or another enterprise in the course of their duties, or on the advice of legal counsel for the Corporation or another enterprise or on information or records given or reports made to the Corporation or another enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Corporation or another enterprise. The provisions of this Section 8.4 shall not be deemed to be exclusive or to limit in any way the circumstances in which a person may be deemed to have met the applicable standard of conduct set forth in Section 8.1 or Section 8.2, as the case may be.

Section 8.5 <u>Indemnification by a Court</u>. Notwithstanding any contrary determination in the specific case under Section 8.3, and notwithstanding the absence of any determination thereunder, any director or officer may apply to any court of competent jurisdiction in the State of Nevada for indemnification to the extent otherwise permissible under Section 8.1 or Section 8.2. The basis of such indemnification by a court shall be a determination by such court that indemnification of the director or officer is proper in the circumstances because such person has met the applicable standard of conduct set forth in Section 8.1 or Section 8.2, as the case may be. Neither a contrary determination in the specific case under Section 8.3 nor the absence of any determination thereunder shall be a defense to such application or create a presumption that the director or officer seeking indemnification has not met any applicable standard of conduct. Notice of any application for indemnification pursuant to this Section 8.5 shall be given to the Corporation promptly upon the filing of such application. If successful, in whole or in part, the director or officer seeking indemnification shall also be entitled to be paid the expense of prosecuting such application.

Section 8.6 <u>Expenses Payable in Advance</u>. Expenses (including attorneys' fees) incurred by a director or officer in defending any civil, criminal, administrative or investigative action, suit or proceeding shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the Corporation as authorized in this Article VIII. Such expenses (including attorneys' fees) incurred by former directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the Corporation deems appropriate.

Section 8.7 <u>Nonexclusivity of Indemnification and Advancement of Expenses</u>. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article VIII shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under the Articles of Incorporation, these By-Laws, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person's official capacity and as to action in another capacity while holding such office, it being the policy of the Corporation that indemnification of the persons specified in Section 8.1 and Section 8.2 shall be made to the fullest extent permitted by law. The provisions of this Article VIII shall not be deemed to preclude the indemnification of any person who is not specified in Section 8.1 or Section 8.2 but whom the Corporation has the power or obligation to indemnify under the provisions of the NRS, or otherwise.

Section 8.8 <u>Insurance</u>. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director or officer of the Corporation, or is or was a director or officer of the Corporation serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other 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 or the obligation to indemnify such person against such liability under the provisions of this Article VIII.

Section 8.9 <u>Certain Definitions</u>. For purposes of this Article VIII, references to "the Corporation" shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors or officers, so that any person who is or was a director or officer of such constituent corporation, or is or was a director or officer of such constituent corporation serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this Article VIII with respect to the resulting or surviving corporation as such person would have with respect to such constituent corporation if its separate existence had continued.

The term "another enterprise" as used in this Article VIII shall mean any other corporation or any partnership, joint venture, trust, employee benefit plan or other enterprise of which such person is or was serving at the request of the Corporation as a director, officer, employee or agent. For purposes of this Article VIII, references to "fines" shall include any excise taxes assessed on a person with respect to an employee benefit plan; and references to "serving at the request of the Corporation" shall include any service as a director, officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director or officer with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner "not opposed to the best interests of the Corporation" as referred to in this Article VIII.

Section 8.10 <u>Survival of Indemnification and Advancement of Expenses</u>. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article VIII shall, unless otherwise provided when authorized or ratified, continue as to a person who has ceased to be a director or officer and shall inure to the benefit of the heirs, executors and administrators of such a person.

Section 8.11 <u>Limitation on Indemnification</u>. Notwithstanding anything contained in this Article VIII to the contrary, except for proceedings to enforce rights to indemnification (which shall be governed by Section 8.5), the Corporation shall not be obligated to indemnify any director or officer (or his or her heirs, executors or personal or legal representatives) or advance expenses in connection with a proceeding (or part thereof) initiated by such person unless such proceeding (or part thereof) was authorized or consented to by the Board of Directors.

Section 8.12 <u>Indemnification of Employees and Agents</u>. The Corporation may, to the extent authorized from time to time by the Board of Directors, provide rights to indemnification and to the advancement of expenses to employees and agents of the Corporation similar to those conferred in this Article VIII to directors and officers of the Corporation.

**ARTICLE IX**

**<u>MISCELLANEOUS</u>**

Section 9.1 <u>Acquisition of Controlling Interest Statute Opt–Out</u>. The provisions of NRS 78.378 to 78.3793, inclusive, shall not apply to the Corporation or to an acquisition of a "controlling interest" (as defined in NRS 78.3785).

Section 9.2 <u>Forum for Adjudication of Disputes</u>. To the fullest extent permitted by law, and unless the Corporation consents in writing to the selection of an alternative forum, the Eighth Judicial District Court of Clark County, Nevada, shall, to the fullest extent permitted by law, be the sole and exclusive forum for each of the following: (a) any derivative action or proceeding brought in the name or right of the Corporation or on its behalf, (b) any action asserting a claim for breach of any fiduciary duty owed by any director, officer, employee or agent of the Corporation to the Corporation or the Corporation's stockholders, (c) any action arising or asserting a claim arising pursuant to any provision of NRS Chapters 78 or 92A or any provision of the Articles of Incorporation or these By-laws or (d) any action asserting a claim governed by the internal affairs doctrine, including, without limitation, any action to interpret, apply, enforce or determine the validity of the Articles of Incorporation or these By-laws. Any person or entity purchasing or otherwise acquiring any interest in shares of capital stock of the corporation shall be deemed to have notice of and consented to the provisions of this Section 9.2. Actions arising under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, shall not be governed by this provision.

**ARTICLE X**

**<u>AMENDMENTS</u>**

Section 10.1 <u>Amendments</u>. These By-Laws may be altered, amended or repealed at any meeting of the Board of Directors, provided notice of the proposed change was given in the notice of the meeting not less than two days prior to the meeting. Notwithstanding the foregoing sentence, these By-laws may be amended or repealed in any respect, and new by-laws may be adopted, in each case by the affirmative vote of the holders of at least sixty-six and two-thirds percent (66-2/3%) of the outstanding voting power of the Corporation, voting together as a single class.

Section 10.2 <u>Entire Board of Directors</u>. As used in this Article X and in these By-Laws generally, the term "entire Board of Directors" means the total number of directors which the Corporation would have if there were no vacancies.

\* \* \*

CERTIFICATION

The undersigned, as the duly elected Secretary of HNO International Inc., a Nevada corporation (the "Corporation"), does hereby certify that the Board of Directors of the Corporation adopted the foregoing Amended and Restated By-laws as of February 15, 2023.

HNO International Inc.

By: <u>/s/ Paul Mueller</u>

Paul Mueller, CEO, Secretary and President

## Ex1A-4

**Subscription Agreement**

**HNO INTERNATIONAL, INC.**

**1. Investment:**

The undersigned ("Buyer") subscribes for Shares of Common Stock of HNO International, Inc. (the "Company") at $1.00 per share.

Number of Shares Purchased = __________________

Total subscription price ($1.00 x Shares purchased): = $___________.

PLEASE MAKE CHECK PAYABLE TO:

**2. Investor information:**

Name (type or print) ____________________________________________________________

Mailing Address  <br> Street City/State Zip

SSN/EIN/Taxpayer I.D. _________________ E-Mail address __________________

Joint Name (type or print) _________________________________________________

SSN/EIN/Taxpayer I.D. _________________ E-Mail address __________________

Mailing Address *(if different from above)*  <br> Street City/State Zip

Business Phone: _________________

Home Phone: _________________

**3. Type of ownership: (You must check one box)**

---

| | | | |
|:---|:---|:---|:---|
| [ ] | Individual<br>| [ ] | Custodian for<br>|
| [ ] | Tenants in Common<br>| [ ] | Uniform Gifts to Minors Act of the State of: __________________<br>|
| [ ] | Joint Tenants with rights of Survivorship<br>| [ ] | Corporation (Inc., LLC, LP) – Please list all officers, directors, partners, managers, etc.<br>|
| [ ] | Partnership (Limited Partnerships<br> use "Corporation")<br>| [ ] | Other (please explain) |
| [ ] | Trust<br>|  |  |
| [ ] | Community Property |  |  |

---

**4. Further Representations, Warrants and Covenants.**

Buyer hereby represents warrants, covenants and agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Buyer is at least eighteen (18) years of age with an address as set forth in this Subscription Agreement.

(b) Except as set forth in the Offering circular and the exhibits thereto, no representations or warranties, oral or otherwise, have been made to Buyer by the Company or any other person, whether or not associated with the Company or this offering. In entering into this transaction, Buyer is not relying upon any information, other than that contained in the Offering circular and the exhibits thereto and the results of any independent investigation conducted by Buyer at Buyer's sole discretion and judgment.

(c) Buyer understands that his or her investment in the Shares is speculative and involves a high degree of risk, and is not recommended for any person who cannot afford a total loss of the investment. Buyer is able to bear the economic risks of an investment in the offering and at the present time can afford a complete loss of such investment.

(d) Buyer is under no legal disability nor is Buyer subject to any order which would prevent or interfere with Buyer's execution, delivery and performance of this Subscription Agreement or his or her purchase of the Shares. The Shares are being purchased solely for Buyer's own account and not for the account of others and for investment purposes only, and are not being purchased with a view to or for the transfer, assignment, resale or distribution thereof, in whole or part. Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement with respect to the transfer, assignment, resale or distribution of any of the Shares.

(e) Buyer has (i) adequate means of providing for his or her current financial needs and possible personal contingencies, and no present need for liquidity of the investment in the Shares, and (ii) a liquid net worth (that is, net worth exclusive of a primary residence, the furniture and furnishings thereof, and automobiles) which is sufficient to enable Buyer to hold the Shares indefinitely.

(f) If the Buyer is acting without a Purchaser Representative, Buyer has such knowledge and experience in financial and business matters that Buyer is fully capable of evaluating the risks and merits of an investment in the offering.

(g) Buyer has been furnished with the Offering circular.

(h) Buyer understands that Buyer shall be required to bear all personal expenses incurred in connection with his or her purchase of the Shares, including without limitation, any fees which may be payable to any accountants, attorneys or any other persons consulted by Buyer in connection with his or her investment in the offering.

**5. Indemnification**

Buyer acknowledges an understanding of the meaning of the legal consequences of Buyer's representations and warranties contained in this Subscription Agreement and the effect of his or her signature and execution of this Agreement, and Buyer hereby agrees to indemnify and hold the Company and each of its officers and/or directors, representatives, agents or employees, harmless from and against any and all losses, damages, expenses or liabilities due to, or arising out of, a breach of any representation, warranty or agreement of or by Buyer contained in this Subscription Agreement.

**6. Acceptance of Subscription.**

It is understood that this subscription is not binding upon the Company until accepted by the Company, and that the Company has the right to accept or reject this subscription, in whole or in part, in its sole and complete discretion. If this subscription is rejected in whole, the Company shall return to Buyer, without interest, the Payment tendered by Buyer, in which case the Company and Buyer shall have no further obligation to each other hereunder. In the event of a partial rejection of this subscription, Buyer's Payment will be returned to Buyer, without interest, whereupon Buyer agrees to deliver a new payment in the amount of the purchase price for the number of Shares to be purchased hereunder following a partial rejection of this subscription.

**7. Governing Law.**

This Subscription Agreement shall be governed and construed in all respects in accordance with the laws of the State of Delaware without giving effect to any conflict of laws or choice of law rules.

IN WITNESS WHEREOF, this Subscription Agreement has been executed and delivered by the Buyer and by the Company on the respective dates set forth below.

---

| |
|:---|
| Signature of Buyer |
| Printed Name |
| Date |

---

**Deliver completed subscription agreements and checks as follows:**

Check Payable to: HNO INTERNATIONAL, INC. 41558 Eastman Drive Suite B Murrieta, CA 92562702-930-1815

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

***To be filled out by the Company***

Investor Subscription accepted as of this __ day of __________, 2023.

By:   <br> Name: Paul Mueller <br> Its: Chief Executive Officer.

## Ex1A-6

![](ex6a1.jpg)

![](ex6a2.jpg)

![](ex6a3.jpg)

![](ex6a4.jpg)

![](ex6a5.jpg) ![](ex6a6.jpg)

![](ex6a7.jpg)

![](ex6a8.jpg)

![](ex6a9.jpg)

## Ex1A-11

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation in this Registration Statement on Form 1-A of our report dated March 22, 2023, relating to the consolidated financial statements of HNO International, Inc. for the years ended October 31, 2022 and 2021 and to all references to our firm included in this Registration Statement.

/S/ BF Borgers CPA PC

Certified Public Accountants

Lakewood, CO

March 22, 2023

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** HNO International Inc.

**Jurisdiction of Incorporation/Organization:** NV

**Year of Incorporation:** 2005

**CIK:** 0001342916

**I.R.S. Employer Identification Number:** 20-2781289

**Primary Standard Industrial Classification Code:** 8711

**Total number of full-time employees:** 2

**Total number of part-time employees:** 0

**Address of Principal Executive Offices:** 41558 Eastman Drive, Suite B, —, Murrieta, CA 92562

**Company Phone:** 951-305-8872

**Person to contact:** Matthew McMurdo

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount       |
|:---|:---|
| Cash and Cash Equivalents                | $51109.00    |
| Investment Securities                    | $0.00        |
| Accounts and Notes Receivable            | $56392.00    |
| Property, Plant and Equipment (PP&E)     | $0.00        |
| Total Assets                             | $114301.00   |
| Accounts Payable and Accrued Liabilities | $0.00        |
| Long-Term Debt                           | $590000.00   |
| Total Liabilities                        | $1224725.00  |
| Total Stockholders' Equity               | $-1110424.00 |
| Total Liabilities and Equity             | $114301.00   |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount       |
|:---|:---|
| Total Revenues                            | $34450.00    |
| Costs and Expenses Applicable to Revenues | $27692.00    |
| Depreciation and Amortization             | $0.00        |
| Net Income                                | $-1071309.00 |
| Earnings Per Share - Basic                | -01.00       |
| Earnings Per Share - Diluted              | -01.00       |

**Auditor Information**

| Metric          | Amount            |
|:---|:---|
| Name of Auditor | BF Borgers CPA PC |

### Outstanding Securities

| Class                    |   Outstanding |     CUSIP | Publicly Traded   |
|:---|---:|---:|:---|
| Common Stock             |     409290299 | 404729105 | OTC Markets       |
| Series A Preferred       |      10000000 | 000000000 | None              |
| Series A preferred stock |      10000000 | 000000000 | None              |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

**Type of Securities Offered:** Equity (common or preferred stock)

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** No

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** No

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount       |
|:---|:---|
| Number of securities offered                                    | 75000000     |
| Number of securities outstanding                                | 409290299    |
| Price per security                                              | $1.00        |
| Issuer's aggregate offering price                               | $75000000.00 |
| Aggregate offering price of securities held by security holders | $0.00        |
| Aggregate price of securities offered concurrently              | $0.00        |
| Total aggregate offering price                                  | $75000000.00 |

**Anticipated Fees**

| Service Provider   | Name                   | Fees      |
|:---|:---|:---|
| Auditor            | BF Borgers CPA PC      | $27500.00 |
| Legal              | McMurdo Law Group, LLC | $20000.00 |
| Promoters          |  |  |

**Estimated Net Proceeds to the Issuer:** —

### Item 5. Jurisdictions in Which Securities are to be Offered

- All States and Territories

### Item 6. Unregistered Securities Issued or Sold Within One Year

**Name of Such Issuer:** HNO International, Inc.

**Title of Securities Issued:** Common Stock

**Total Amount of Securities Issued:** 314025000

**Amount of such securities sold by principal security holders:** 0

**Aggregate consideration:** 299,751

**Basis for aggregate consideration:** —

**Securities Act Exemption:** —