# EDGAR Filing Document

**Accession Number:** 0002076148
**File Stem:** 0001493152-25-024851
**Filing Date:** 2025-11
**Character Count:** 865372
**Document Hash:** 801f8a3f2fff2ed6854901b3b6cd936a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-024851.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001493152-25-024851

**CONFORMED SUBMISSION TYPE**: 1-A/A

**PUBLIC DOCUMENT COUNT**: 18

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FullPAC, Inc.
- **CENTRAL INDEX KEY:** 0002076148
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 392886611
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12661
- **FILM NUMBER:** 251514217

**BUSINESS ADDRESS:**
- **STREET 1:** 1206 LASKIN ROAD,
- **STREET 2:** STE. 201 O
- **CITY:** VIRGINIA BEACH
- **STATE:** VA
- **ZIP:** 23451
- **BUSINESS PHONE:** 757-821-2121

**MAIL ADDRESS:**
- **STREET 1:** 1206 LASKIN ROAD,
- **STREET 2:** STE. 201 O
- **CITY:** VIRGINIA BEACH
- **STATE:** VA
- **ZIP:** 23451

## Part

PART II – PRELIMINARY OFFERING CIRCULAR DATED NOVEMBER 24, 2025

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.

**<u>OFFERING CIRCULAR</u>**

**1206 Laskin Road Suite 201-o<br> Virginia Beach, Virginia 23451<br> (757) 821-2121<br> www.GOTV.com**

**FullPAC, Inc.**

**Up to 10,000,000 Shares of Common Stock**

**Placement Agent Warrants to Purchase Up to 350,000 Shares of Common Stock**

**Up to 350,000 Shares of Common Stock Underlying the Placement Agent Warrants**

By this offering circular (the "Offering Circular"), FullPAC, Inc., a Nevada corporation, is offering on a "best-efforts" basis a maximum of 10,000,000 shares of its common stock (the "Offered Shares"), at a fixed price of $5.00 per share, pursuant to Tier 2 of Regulation A of the United States Securities and Exchange Commission (the "SEC"). The minimum purchase requirement for investors in this offering is $1,000.00, or 200 Offered Shares. For a description of the securities being offered hereby, please see the section entitled "Securities Being Offered" beginning on page 74.

This offering is being conducted on a "best-efforts" basis, which means that there is no minimum number of Offered Shares that must be sold by us for this offering to close; thus, we may receive no or minimal proceeds from this offering. All proceeds received from this offering will be placed in an escrow account held by Wilmington Trust, National Association, as escrow agent (the "Wilmington Trust Escrow Account"). We intend to complete one or more closings on a rolling basis. Upon each closing, the gross proceeds from accepted subscriptions will be released from escrow at the mutual written discretion of us and the Placement Agent (as defined herein), at which point such proceeds will become immediately available to us and may be used as they are released. Purchasers of the Offered Shares will not be entitled to a refund and could lose their entire investments. Please see the "Risk Factors" section, beginning on page 8, for a discussion of the risks associated with a purchase of the Offered Shares.

We estimate that this offering will commence within two days of SEC qualification; this offering will terminate at the earliest of (a) the date on which all of the Offered Shares have been sold, (b) one year from the date of SEC qualification, or (c) the date on which this offering is earlier terminated by us, in our sole discretion. We intend to complete one or more closings on a rolling basis. Until we complete a closing, all proceeds from this offering will be kept in the Wilmington Trust Escrow Account. At each closing, the proceeds will be distributed to us and the associated Offered Shares will be issued to the investors. If there are no closings or if funds remain in the Wilmington Trust Escrow Account upon termination of this offering without any corresponding closing, the funds so deposited for this offering will be promptly returned to investors without deduction and without interest. See "Plan of Distribution".

---

| | | | |
|:---|:---|:---|:---|
|  | **Price to**<br> **Public** | **Commissions<sup>(1)</sup>** | **Proceeds to**<br> **Company<sup>(2)</sup>** |
| Per Share | $5.00 | $0.35 | $4.65 |
| Total Maximum | $50000000 | $3500000 | $46500000 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) We
 have engaged Dawson James Securities, Inc., member FINRA/SIPC (the "Placement Agent")
 to act as an exclusive broker-dealer on a best efforts basis for this offering. We have agreed
 to pay the Placement Agent a fee equal to 7.0% of the gross proceeds received in this offering,
 subject to certain exceptions. We have also agreed to issue to Placement Agent or its designees
 warrants to purchase shares of common stock equal to 3.5% of the aggregate number
 of Offered Shares sold in this offering at an exercise price equal to 125% of the price per
 Offered Share sold in this offering (the "Placement Agent Warrants"). See "Plan
 of Distribution" for more details.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Does
 not reflect payment of expenses associated with this offering, which are estimated
 not to exceed $4,979,500. This amount represents the proceeds to the Company, which
 will be used as set forth in "Use of Proceeds".

**Investing in the Offered Shares is speculative and involves substantial risks. You should purchase Offered Shares only if you can afford a complete loss of your investment. See "Risk Factors", beginning on page 8, for a discussion of certain risks that you should consider before purchasing any of the Offered Shares.**

**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 use of projections or forecasts in this offering is prohibited. No person is permitted to make any oral or written predictions about the benefits you will receive from an investment in the Offered Shares.**

**Generally, no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Different rules apply to accredited investors and non-natural persons. No sale may be made to you in this offering, if you do not satisfy the investor suitability standards described in this Offering Circular under "Plan of Distribution—State Law Exemption and Offerings to "Qualified Purchasers" on page 44. Before making any representation that you satisfy the established investor suitability standards, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to *<u>www.investor.gov</u>*.**

We are following the "Offering Circular" format of disclosure under Regulation A and relying upon "Tier 2" of Regulation A+, which allows us to offer 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 SEC after the qualification of the offering statement of which this Offering Circular is a part.**

![](logo_001.jpg)

The date of this Offering Circular is _______________, 2025.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [Cautionary Statement Regarding Forward-Looking Statements](#J_001) | 3 |
| [About this Offering Circular](#J_002) | 4 |
| [Offering Circular Summary](#J_003) | 5 |
| [Offering Summary](#J_004) | 8 |
| [Risk Factors](#J_005) | 9 |
| [Use of Proceeds](#a_001) | 40 |
| [Dilution](#a_002) | 42 |
| [Plan of Distribution](#a_003) | 43 |
| [Description of Business](#a_004) | 46 |
| [Description of Property](#a_005) | 60 |
| [Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_006) | 61 |
| [Directors, Executive Officers and Significant Employees](#a_007) | 66 |
| [Compensation of Directors and Executive Officers](#a_008) | 71 |
| [Security Ownership of Management and Certain Securityholders](#a_009) | 73 |
| [Interests of Management and Others in Certain Transactions](#int_001) | 74 |
| [Securities Being Offered](#a_010) | 75 |
| [Experts](#a_011) | 78 |
| [Legal Matters](#a_012) | 78 |
| [Where You Can Find More Information](#a_013) | 78 |
| [Index to Financial Statements](#a_014) | F-1 |

---

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

The information contained in this Offering Circular includes some statements that are not historical and that are considered forward-looking statements. Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business; our strategies and business outlook; anticipated development of our company; and various other matters. These forward-looking statements express our expectations, hopes, beliefs and intentions regarding the future. In addition, without limiting the foregoing, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipates," "believes," "continue," "could," "estimates," "expects," "intends," "may," "might," "plans," "possible," "potential," "predicts," "projects," "seeks," "should," "will," "would" and similar expressions and variations, or comparable terminology, or the negatives of any of the foregoing, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this Offering Circular are based on current expectations and beliefs concerning future developments that are difficult to predict. We cannot guarantee future performance, or that future developments affecting our company will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by these risks and uncertainties. These risks and uncertainties, along with others, are also described below in the section entitled "Risk Factors". Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

**ABOUT THIS OFFERING CIRCULAR**

You should rely only on the information contained in this Offering Circular that we may authorize for use in connection with this offering. We have not authorized any other person to provide you with different or additional information. If anyone provides you with different, additional or inconsistent information, you should not rely on it. We are not making an offer to sell or soliciting an offer to buy the Offered Shares in any jurisdiction in which an offer or solicitation is not authorized or in which the person making that offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make an offer or solicitation. You should assume that the information appearing in this Offering Circular in connection with this offering is accurate only as of the date of those respective documents. Our business, financial condition, results of operations and prospects may have changed since those dates. You should read this Offering Circular in its entirety before making an investment decision. You should also read and consider the information in the documents to which we have referred you in the sections of this Offering Circular entitled "Where You Can Find More Information."

**In making an investment decision, investors must rely on their own examination of the Company and the terms of the offering, including the merits and risks involved. These securities have not been recommended by any federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of this document. Any representation to the contrary is a criminal offense. These securities are subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act of 1933, as amended, and the applicable state securities laws, pursuant to registration or exemption therefrom. Investors should be aware that they will be required to bear the financial risks of this investment for an indefinite period of time.**

We are offering to sell, and seeking offers to buy, the Offered Shares only in jurisdictions where offers and sales are permitted. The distribution of this Offering Circular and the offering of the Offered Shares in certain jurisdictions may be restricted by law. Persons outside the United States who come into possession of this Offering Circular must inform themselves about, and observe any restrictions relating to, the offering of the Offered Shares and the distribution of this Offering Circular outside the United States. This Offering Circular does not constitute, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy, any securities offered by Offering Circular by any person in any jurisdiction in which it is unlawful for such person to make such an offer or solicitation.

We have not, and the Placement Agent has not, authorized anyone to provide any information or to make any representations other than those contained in this Offering Circular or in any free writing offering circulars prepared by or on behalf of us or to which we have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The information contained in this Offering Circular or in any applicable free writing offering circular is current only as of its date, regardless of its time of delivery or any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date.

Notice to Foreign Investors: We have not, and the Placement Agent has not, done anything that would permit this offering or possession or distribution of this Offering Circular in any jurisdiction where action for that purpose is required, other than in the United States. If the investor lives outside the United States, it is the purchaser's responsibility to fully observe the laws of any relevant territory or jurisdiction outside the United States in connection with any purchase of the securities, including obtaining required governmental or other consents or observing any other required legal or other formalities. The Company reserves the right to deny the purchase of the securities by any foreign investor. This Offering Circular is an offer to sell only the securities offered hereby, and only under circumstances and in jurisdictions where it is lawful to do so. We are not, and the Placement Agent is not, making an offer to sell these securities in any state or jurisdiction where the offer or sale is not permitted.

Unless the context indicates otherwise, as used in this prospectus supplement, references to "we," "us," "our," "the Company" and "FullPAC" refer to FullPAC, Inc. and its consolidated subsidiaries.

We obtained the industry and market data in this Offering Circular from our own research as well as from industry and general publications, surveys and studies conducted by third parties. These data involve a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions and estimates of our future performance and the future performance of the industry in which we operate is necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described in "Risk Factors" and elsewhere in this Offering Circular. These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by us. References in this Offering Circular to any publications, reports, surveys or articles prepared by third parties should not be construed as depicting the complete findings of the entire publication, report, survey or article. The information in any such publication, report, survey or article is not incorporated by reference in this Offering Circular.

All trademarks, trade names and service marks appearing in this Offering Circular are the property of their respective owners. Solely for convenience, the trademarks and trade names in this Offering Circular are referred to without the® and TM symbols, but such references should not be construed as any indicator that their respective owners will not assert, to the fullest extent under applicable law, their rights thereto.

Effective June 26, 2025, we conducted a forward stock split such that 25,000 shares of common stock became 15,000,000 shares of common stock. The forward stock split has been retroactively adjusted throughout this Offering Circular and the financial statements and notes thereto.

**OFFERING CIRCULAR SUMMARY**

*The following summary highlights material information contained in this Offering Circular. This summary does not contain all of the information you should consider before purchasing our common stock. Before making an investment decision, you should read this Offering Circular carefully, including the section entitled "Risk Factors" and the consolidated financial statements and the notes thereto included elsewhere in this Offering Circular.*

**Overview**

FullPAC is a campaign services company that operates the RoboCent technology platform ("RoboCent"), which provides political communication tools with a core focus on peer-to-peer messaging solutions. We offer campaign outreach tools for political candidates, advocacy organizations, and nonprofit clients seeking to deliver timely, targeted outreach at scale. As of the date of this Offering Circular, over 5,000 campaigns have utilized RoboCent for compliant voter contact, fundraising, and persuasion. RoboCent's clients are able to send targeted messages typically within two hours. We are a Gold Member of the American Association of Political Consultants.

Spending on elections in the United States has increased significantly. According to data from OpenSecrets, the average winner of a federal legislative election in 1990 spent $407,556 on their campaign for the House and $3,870,621 on their campaign for the Senate. By 2010, the average spend had roughly tripled, with House winners spending an average of $1,439,997 and Senate winners spending an average of $9,782,702 on their campaigns. The numbers increased seven-fold by 2022, when the average House winner spent $2,789,859 and the average Senate winner spent $26,525,065 on their campaigns. According to OpenSecrets, on an inflation-adjusted basis, total expenditures on presidential and congressional elections increased from $5.6 billion in 2000 to $18.3 billion in 2020.

The foregoing figures represent only federal political spending in the U.S. and exclude spending by campaigns for public offices at the state, county, city, or district level. Besides races for office, political organizations have increased their spending to influence public opinion. According to OpenSecrets, in 2022, more than $1 billion was spent to support or oppose state-level ballot measures placed directly before voters, with 27 different ballot measures generating at least $5 million each in spending. Additionally, outside spending in connection with races for office has increased with the proliferation of super PACs and other issue-oriented organizations. Any organization that wants to connect with voters where such communication relates to an election or political issue represents a potential client for our services.

The ultimate purpose of this unparalleled level of political expenditure is to execute the singular function of a political campaign: to persuade and mobilize citizens to vote. This recurring effort to "get out the vote" is the essential machinery that drives the democratic process, turning billions of dollars in spending from a disparate set of donors into the exercise of one of America's most fundamental rights. The objective and high-stakes nature of an election, with a clear winner and no consolation for the loser, creates a powerful incentive for campaigns and advocacy organizations to deploy all available resources to connect with every potential supporter. This willingness to spend whatever is necessary to secure a vote, particularly in the days leading up to an election, is a primary driver of the market for our services.

Further, we benefit from the increasing hyper-politicization of American politics and deepening political divide. We believe there is a shrinking pool of voters that can be persuaded by either of the two main political parties. While RoboCent is regularly utilized in contacting such undecided voters, it is not what generates the majority of our revenue. In recent years, leading candidates within both of the main political parties in the United States have increasingly adopted base politics, which often involves sending sensationalized communications to supporters and members of their own political party to elicit emotional reactions. We believe that this strategy is highly effective at driving voter turnout, generating donations, raising awareness, and shaping the narrative of key events amongst a candidate's supporters, and that we are positioned to significantly benefit from a trend that regularly involves messaging outreach campaigns to a significant portion of the electorate.

We believe we are positioned to benefit from continued intensity in the political environment irrespective of overall partisan trends. Many campaign service providers are region-centric and specialize in working with ideologically-aligned groups or candidates, limiting their potential market for clients and increasing the risk that a shift in the political climate will lead to widespread turnover in their client base. In contrast, we have a history of working with candidates on organizations on any side of the political aisle, from throughout the United States, and are well-positioned to tailor our offerings in response to macro political trends. Unlike a campaign service provider whose alignment or offerings would limit them to working with a particular party or in a particular region of the country, we are able to offer services to any and all of the groups involved in a nationwide debate.

**Principal Products and Services**

FullPAC's core offerings include:

● **Peer-to-Peer ("P2P") Messaging** – An industry-leading, Telephone Consumer Protection Act ("TCPA"), Federal Communications Commission ("FCC"), and 10-Digit Long Code ("10DLC")-compliant SMS/MMS messaging solution enabling real-time text outreach with customized voter engagement.

● **RoboCalls** – A voice broadcasting platform allowing campaigns to send pre-recorded messages to the landline phones of a curated list of voters or constituents.

● **Voter Data** – Landline, mobile, and email contact information for registered voters allowing clients to engage in data-driven campaigning.

● **Public Opinion Polling** – Survey software designed to collect and analyze actionable feedback from voter segments.

● **Microtargeting Hub** – Clients can use the RoboCent self-service interface to manage lists, message delivery, and reporting, or delegate management tasks to members of the FullPAC team.

All services are designed to be compliant with relevant federal and state communications laws and allow for easy integration with voter databases and third-party customer relationship management systems ("CRMs").

Our products are generally distributed through a cloud-based software-as-a-service (SaaS) model. Clients can access RoboCent's tools directly through our web-based dashboard or utilize the FullPAC service offerings for turnkey campaign management services.

We believe that we are positioned to capitalize on changes in political campaign spending in upcoming election cycles. Historically, spending on political campaigns has been directed towards legacy technologies, such as direct mail or television advertising. Campaign services have been provided by individual contractors or small firms, often with ties to a particular region and partisan affiliation. In contrast, we have built a digital-first and viewpoint-neutral platform that we believe will better position us to compete for an increasing share of the growing market for campaign services As more campaigns become increasingly professionalized operations with significant budgets, we believe our offerings and technology platform will appeal to data-driven clients seeking more attention and feedback assessment than other forms of voter outreach.

Politics is unique in that winning an election is singular and objective – well-financed campaigns will pay a premium to work with the most competent and experienced specialists in each aspect of politicking. A meritocracy exists in politics to a far greater extent than other industries. At the same time, once part of a winning politician's team, vendors are often retained for incumbent's reelection campaigns.

Currently, we are building a premier campaign distribution channel, starting with political texts, which we plan to expand with other high-margin services. We are actively exploring AI-generated political ads, micro-targeted voter polling, fintech products for campaigns, and other highly-scalable technology services.

We are currently planning to roll up leading, specialized service providers focused on certain campaign functions and may use the proceeds from this offering to fund such acquisitions. We believe that consolidating talent will not only increase the likelihood of our existing campaigns expanding their relationship with FullPAC, but will also increase our ability to attract well-financed campaigns seeking to engage top talent.

Further, we expect consolidating campaign talent will be highly attractive to super PACs and other organizations with the explicit purpose of outspending the competing campaign in an effort to win a particular election. Often, these organizations are willing to pay a premium to engage top talent and deploy significant resources implementing their recommended strategy and tactics. Due to its effectiveness and scale, RoboCent has been engaged by numerous super PACs over the past decade in highly competitive U.S. Senate, gubernatorial, and Congressional races.

**Recent Developments**

 ****

***Acquisition of Advocacy Lab***

On September 29, 2025, and effective as of October 1, 2025, we entered into an Agreement and Plan of Merger with Advocacy Lab LLC, a limited liability company organized under the laws of the state of Michigan ("Advocacy Lab") pursuant to which we agreed to acquire Advocacy Lab for aggregate gross cash consideration of $45,000, payable at the closing of the transaction (the "Advocacy Lab Acquisition"). In connection with the Advocacy Lab Acquisition, we have entered into employment agreements with each of Kevin Rose and Karl Brycz (each an "AL Founder" and together, the "AL Founders"), effective as of October 1, 2025 (collectively, the "AL Employment Agreements"). Pursuant to the terms of the AL Employment Agreements, each of the AL Founders shall receive a signing bonus of $75,000 and a base salary of $110,000 per annum, payable in cash, as well as customary benefits, including participation in the Company's healthcare and retirement plans. Pursuant to the terms of the AL Employment Agreements, each of the AL Founders shall earn a percentage of all revenues generated by Advocacy Lab based on the following tiers, with a cap on such Earn Out Payments (as defined below) of $5.35 million in the aggregate: (i) for $0 to $1 million in revenue, 50% to the AL Founders, (ii) for $1 million to $2.5 million in revenue, 40% to the AL Founders, (iii) for $2.5 million to $5 million in revenue, 30% to the AL Founders, (iv) for $5 million to $10 million in revenue, 20% to the AL Founders, (v) for $5 million to $10 million in revenue, 10% to the AL Founders, and (vi) for $20 million to $50 million in revenue, 5% to the AL Founders (collectively, the "Earn Out Payments"). No further Earn Out Payments shall be owed upon the earlier of (i) October 1, 2035, (ii) the achievement of $50 million in revenue generated by Advocacy Lab, or (iii) with respect to either AL Founder, their resignation or termination of employment for any reason, with or without cause.

Additionally, for any current existing users of Advocacy Lab that become customers of RoboCent, the AL Founders shall receive a commission of equal to 25% of the revenue generated from such customer accounts. For any future RoboCent customers sourced through Advocacy Lab, Advocacy Lab shall be entitled to receive a 2% commission, with such commission to continue until the earlier of (i) October 1, 2035, (ii) the receipt of $2.5 million by the AL Founders in aggregate commission, or (iii) with respect to either AL Founder, their resignation or termination of employment for any reason, with or without cause.

***Our Bitcoin Accumulation Strategy***

In September 2025, we adopted a bitcoin accumulation strategy, allowing us to acquire and hold up to the lower of (i) $10 million and (ii) 50% of our liquid assets in bitcoin, and made bitcoin one of our primary treasury reserve assets on an ongoing basis, subject to market conditions and our anticipated cash needs. Our strategy includes long-term acquisition and holding of bitcoin, subject to market conditions, using one or a combination of cash flows from our business operations, issuing equity or debt securities, and/or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin. Notwithstanding the foregoing, we do not currently intend to use the proceeds from this offering to purchase bitcoin. We expect to view our bitcoin as long-term holdings, but we may periodically sell or otherwise dispose of bitcoin for corporate purposes, tax strategies, or other applicable financing transactions. We may also use our bitcoin as collateral for financing or to generate income. We have no specific accumulation target and will monitor market conditions in determining whether to engage in additional bitcoin purchases.

***Stripe Capital Loan***

 ****

On October 7, 2025, our wholly-owned subsidiary RoboCent, Inc. entered into a Loan Agreement with Stripe Servicing, Inc. and Celtic Bank pursuant to the Stripe Capital Program with a loan amount of $123,400 and a fixed fee of $12,957, for a total repayment amount of $136,357 (the "Stripe Capital Loan"). The Stripe Capital Loan is secured by substantially all of the assets of the Company. The Stripe Capital Loan is repaid by withholding 25% of client payments to us that are processed through the Stripe payment processing platform, subject to minimum payments of $15,150.78 every 60 days. We may repay the outstanding balance of the Stripe Capital Loan in full or in part at any time without penalty. As of November 20, 2025, we have repaid $92,050 of the balance of the Stripe Capital Loan and have an additional $44,307 balance outstanding.

***OnDeck Term Loan***

 ****

On October 17, 2025, our wholly-owned subsidiary RoboCent, Inc. entered into a Term Loan Agreement with ODK Capital, LLC with a principal amount of $200,000 and an interest expense of $63,799.90 (the "OnDeck Term Loan"). The OnDeck Term Loan has an 18 month term and is scheduled to be repaid in 78 weekly payments of $3,382.05. The OnDeck Term Loan is secured by a blanket lien on substantially all of the assets of the Company and is guaranteed by Travis Trawick, our Chief Executive Officer. If we repay the OnDeck Term Loan in whole prior to its maturity, the remaining interest expense shall be reduced by 25%. As of November 20, 2025, we have repaid $16,910 of the balance of the OnDeck Term Loan and have an additional $246,890 balance outstanding.

***Amended and Restated Employment Agreement with Daniel Flowers***

Effective September 1, 2025, we entered into an employment agreement with Daniel Flowers (the "Flowers Employment Agreement") pursuant to which Mr. Flowers serves as our Chief Technology Officer. On November 20, 2025, we entered into an amended and restated employment agreement with Mr. Flowers (the "Amended and Restated Flowers Employment Agreement"), which amends and restates in its entirety the Flowers Employment Agreement. Pursuant to the Amended and Restated Flowers Employment Agreement, Mr. Flowers will continue to serve as our Chief Technology Officer and will also serve as our Chief Operations Officer. Mr. Flowers is entitled to a base salary of $200,000, which will increase to $290,000 upon the listing of the Company's common stock on a national securities exchange.

**Our Corporate Information**

We are a Nevada corporation that was incorporated in June 2025. Our wholly owned subsidiary, RoboCent, Inc., was incorporated in the State of Delaware in 2013 and reincorporated in the Commonwealth of Virginia in August 2016. In June 2025, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent, Inc. received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent, Inc., FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc.

Our principal executive and administrative offices are located at 1206 Laskin Road Suite 201-O, Virginia Beach, Virginia, 23451, and our telephone number is (757) 821-2121. Our website address is www.gotv.com. The SEC maintains a website that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The address of the SEC's website is www.sec.gov. Information on or accessed through our website or the SEC's website is not incorporated into this Offering Circular.

**Corporate Governance**

Effective upon the listing of our common stock on a national securities exchange (a "Public Listing"), we will have a standing Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee to oversee critical aspects of our business and financial reporting. The membership of these committees will consist entirely of independent directors. The Board has also prospectively adopted a Code of Business Conduct and Ethics, an Insider Trading Policy, a Whistleblower Policy, and other corporate policies, each of which will become effective upon a Public Listing, is designed to comply with applicable laws and regulations, including Nasdaq listing rules, and aligns with best practices for public companies.

**SUMMARY OF RISK FACTORS**

*Our business is subject to numerous risks, as more fully described below in this "Risk Factors" section. The following is a summary of the most significant risks and uncertainties that we believe could adversely affect our business, financial condition, and results of operations. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may adversely affect our business, financial condition, and/or operating results. In addition to the following summary, you should read the other information set forth below in this "Risk Factors" section before you invest in our securities. In particular, our risks include, but are not limited to, the following:*

**Risks Related to Our Common Stock and this Offering**

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 common stock will not be listed on any national securities exchange ("NSE") or
 other trading market, and we cannot be certain that a liquid trading market for our common
 stock will develop.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 plan to list our common stock on Nasdaq may never be realized or may progress slower than
 we expect, resulting in a significant delay between your investment and the creation of a
 liquid trading market or the inability to sell or dispose of our common stock.

&nbsp;&nbsp;&nbsp;&nbsp;· This
 is a "best efforts" offering; no minimum amount of shares of common stock is
 required to be sold, and we may not raise the amount of capital we believe is required for
 our business.

&nbsp;&nbsp;&nbsp;&nbsp;· Using
 a credit card to purchase the Offered Shares may impact the return on your investment as
 well as subject you to other risks inherent in this form of payment.

· Our management will have broad discretion over the use of the net proceeds from this offering.

● The voting power of our stock is concentrated with our officers and directors, which will limit an investor's ability to influence the outcome of important transactions, including a change of control.

**Risks Related to our Business and Financial Condition**

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 ability to grow and compete in the future will be adversely affected if adequate capital
 is not available to us or not available on terms favorable to us.

&nbsp;&nbsp;&nbsp;&nbsp;· The
 market for programmatic buying for political advertising campaigns is dynamic and evolving.
 If this market develops more slowly or differently than expected, our business, operating
 results and financial condition may be adversely affected.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 have historically relied on a limited number of clients for a substantial portion of our
 revenue, and the loss of these clients could harm our business.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 success and revenue growth is dependent on our marketing efforts, ability to maintain our
 brand, adding new clients, and increasing usage of our platform and services by our customers.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 business depends, in part, on the success of our strategic relationships to attract potential
 clients for our services, and our ability to grow our business depends on our ability to
 continue these relationships.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 may be unsuccessful in launching or marketing new products or services, or we may be unable
 to successfully integrate new offerings into our existing platform, which would result in
 significant expense and may not achieve desired results.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 business is heavily tied to the United States electoral calendar. Political campaign spending
 tends to increase near certain milestone dates, which we expect to create fluctuations in
 our operating results on a quarter-to-quarter and year-to-year basis.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 expect to experience a high rate of client and subscriber churn.

&nbsp;&nbsp;&nbsp;&nbsp;· Changes
 in campaign finance laws or patterns of political spending could adversely affect our business.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 association with clients who become involved in public scandals or controversies could damage
 our reputation and brand, regardless of our non-partisan stance.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 identified material weaknesses in our internal control over financial reporting and may identify
 additional material weaknesses in the future or otherwise fail to maintain an effective system
 of internal control, which may result in material misstatements of our financial statements
 or cause us to fail to meet our periodic reporting obligations.

**Risks Related to Intellectual Property and Information Technology**

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 failure to adequately protect our intellectual property rights could diminish the value of
 our products, weaken our competitive position and reduce our revenue, and infringement claims
 asserted against us or by us, could have a material adverse effect.

&nbsp;&nbsp;&nbsp;&nbsp;· A
 disruption to our information technology systems could adversely affect our business and
 reputation.

&nbsp;&nbsp;&nbsp;&nbsp;· Cyberattacks,
 cyber fraud, and unauthorized data access could harm us or our clients and result in liability,
 and could adversely affect our business and results of operations.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are dependent on the continued availability of third-party hosting and transmission services.
 Operational issues with, or changes to the costs of, our third-party data center providers
 could harm our business, reputation or results of operations.

**Risks Related to Government Regulations**

&nbsp;&nbsp;&nbsp;&nbsp;· Changes
 in legislative, judicial, regulatory, or cultural environments relating to information collection,
 use and processing may limit our ability to collect, use and process data. Such developments
 could cause revenue to decline, increase the cost of data, reduce the availability of data
 and adversely affect the demand for our products and services.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are subject to regulation with respect to political campaign activities, which lacks clarity
 and uniformity.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 business is dependent on text messaging and voice communication channels, and our access
 to these channels could be limited by regulatory or industry actions, including from mobile
 network operators or designers of mobile operating systems.

&nbsp;&nbsp;&nbsp;&nbsp;· Individuals
 may claim our calling or text messaging services are subject to, and are not compliant with,
 the Telephone Consumer Protection Act or similar state laws.

&nbsp;&nbsp;&nbsp;&nbsp;· Artificial
 intelligence ("AI") presents risks and challenges that can impact our business,
 including by posing security risks to our confidential information, proprietary information
 and personal data.

**Risks Related to our Bitcoin Strategy and Holdings**

&nbsp;&nbsp;&nbsp;&nbsp;· Our bitcoin strategy will expose us to various risks associated
 with bitcoin including, but not limited to, due to the fact that bitcoin is a highly volatile asset, it does not pay interest or
 dividends, has not been tested over an extended period of time or under different market conditions and is subject to counterparty
 risks such as risks relating to custodians.

&nbsp;&nbsp;&nbsp;&nbsp;· Bitcoin
 and other digital assets are novel assets, and are subject to significant legal, commercial,
 regulatory and technical uncertainty.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 historical financial statements do not reflect the potential variability in earnings that
 we may experience in the future relating to our bitcoin holdings.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 bitcoin strategy subjects us to enhanced regulatory oversight.

&nbsp;&nbsp;&nbsp;&nbsp;· Due
 to the unregulated nature and lack of transparency surrounding the operations of many bitcoin
 trading venues, bitcoin trading venues may experience greater fraud, security failures or
 regulatory or operational problems than trading venues for more established asset classes,
 which may result in a loss of confidence in bitcoin trading venues and adversely affect the
 value of our bitcoin.

&nbsp;&nbsp;&nbsp;&nbsp;· The
 emergence or growth of other digital assets, including those with significant private or
 public sector backing, could have a negative impact on the price of bitcoin and adversely
 affect our business.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 bitcoin strategy exposes us to risk of non-performance by counterparties.

**Offering Summary**

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| | |
|:---|:---|
| **Securities Offered** | 10,000,000 shares of common stock, are being offered by the Company in a "best-efforts" offering. |
| **Offering Price Per Share** | A price of $5.00 per Offered Share. |
| **Shares Outstanding Before This Offering** | 20,245,000 shares of common stock issued and outstanding as of November 20, 2025. |
| **Shares Outstanding After This Offering** | 30,245,000 shares of common stock issued and outstanding, assuming all of the Offered Shares are sold hereunder. Excludes up to 350,000 shares underlying the Placement Agent Warrants and 755,000 shares reserved for issuance under our Founders Share Plan. |
| **Minimum Number of Shares to Be Sold in This Offering** | There can be no guarantee that any of the Offered Shares will be sold and there is no minimum number that must be sold as a condition for us to complete the offering. |
| **Investor Suitability Standards** | The Offered Shares are being offered and sold to "qualified purchasers" (as defined in Regulation A under the Securities Act of 1933, as amended (the "Securities Act")). "Qualified purchasers" include any person to whom securities are offered or sold in a Tier 2 offering pursuant to Regulation A under the Securities Act. |
| **Termination of this Offering** | This offering will terminate at the earliest of (a) the date on which all of the Offered Shares have been sold, (b) the date which is one year from this offering being qualified by the SEC and (c) the date on which this offering is earlier terminated by us, in our sole discretion. See "Plan of Distribution". |
| **Use of Proceeds** | We will use the proceeds of this offering to redeem the Senior Secured Notes issued from June through September 2025 and for general corporate purposes, including working capital. We are currently planning to roll up leading, specialized service providers focused on certain campaign functions and may use the proceeds from this offering to fund such acquisitions. See "Use of Proceeds". |
| **Lock-Up / Leak-Out Agreements** | All of our directors, officers, certain personnel of the Company (with respect to shares of common stock received pursuant to equity incentive plans of the Company only) and certain holders of the outstanding shares our of common stock as of the qualification date of this Offering Circular have entered into "lock-up/leak-out" agreements pursuant to which, subject to certain exceptions, they have agreed with the Placement Agent not to offer, sell, or otherwise transfer or dispose of, directly or indirectly, shares of our common stock or any securities convertible into or exchangeable or exercisable for shares of our common stock, whether now owned or hereafter acquired by them or with respect to which they have or hereafter acquire the power of disposition (the "Lock-Up Shares") during the period commencing on the qualification date of this Offering Circular and ending 180 days following the initial closing date of this offering. Notwithstanding the foregoing, until the 2026 midterm elections taking place on November 3, 2026, the holders of Lock-Up Shares may only offer, sell, contract to sell, hypothecate, pledge, dividend, distribute or otherwise dispose of, directly or indirectly the Lock-Up Shares subject to the restrictions set forth in the "Plan of Distribution" beginning on page 43 of this Offering Circular. |
| **Placement Agent Warrants** | Upon each closing of this offering, we have agreed to issue the Placement Agent Warrants to the Placement Agent or its designees to purchase up to 3.5% of the aggregate number of Offered Shares sold. The Placement Agent Warrants will be exercisable at an assumed per share exercise price equal $6.25, which is equal to 125% of the assumed per share price of $5.00. The Placement Agent Warrants are exercisable at any time and from time to time, in whole or in part, during the five-year period commencing 180 days from the commencement of sales of the Offered Shares in this offering. See "Plan of Distribution" beginning on page 43 of this Offering Circular.  |
| **Market for the Offered Shares** | There is currently no public trading market for our common stock, and the Offered Shares will not be listed on any exchange upon the closing of this offering. Our long-term strategy includes a plan to list our common stock on The Nasdaq Capital Market ("The Nasdaq Capital Market" or "Nasdaq"). To satisfy the initial listing requirements of The Nasdaq Capital Market, we must, among other requirements, have a minimum of $15,000,000 in market value of unrestricted securities. We intend to satisfy this requirement through the gross proceeds from this offering. Our common stock will not be eligible for listing on The Nasdaq Capital Market until we satisfy Nasdaq's initial listing requirements. We have reserved the ticker symbol "GOTV" with Nasdaq and have submitted an application for listing on The Nasdaq Capital Market. However, this offering is not contingent upon the approval of such a listing, and we can provide no assurance that our common stock will ever be listed on a national securities exchange.<br>|
| **Risk Factors** | An investment in the Offered Shares involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investments. You should carefully consider the information included in the Risk Factors section of this Offering Circular, as well as the other information contained in this Offering Circular, prior to making an investment decision regarding the Offered Shares. |

---

**RISK FACTORS**

*An investment in the Offered Shares involves substantial risks. You should carefully consider the following risk factors, in addition to the other information contained in this Offering Circular, before purchasing any of the Offered Shares. The risks and uncertainties discussed below are not the only ones we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may adversely affect our business, financial condition, and/or operating results. If any of the following risks actually occur, our business, reputation, financial condition, results of operations, revenue and future prospects could be materially adversely affected. In such case, the value of our securities could decline, and you may lose all or part of your investment. Some statements in this Offering Circular, including statements in the following risk factors, constitute forward-looking statements. See "Cautionary Statement Regarding Forward-Looking Statements".*

**RISKS RELATED TO OUR COMMON STOCK AND THIS OFFERING**

***Our common stock will not be listed on any NSE or other trading market, and we cannot be certain that a liquid trading market for our common stock will develop.***

Our common stock will not be listed on any NSE, interdealer quotation system or other trading market. There is no trading market for our common stock and there can be no assurance that any such trading market will develop in the future. You do not have any rights of redemption or repurchase rights with respect to our common stock. While we have applied to list our shares on The Nasdaq Capital Market, this offering is not contingent on such a listing. Therefore, any investment in our common stock will be highly illiquid, and investors may not be able to sell or otherwise dispose of our common stock for a significant period of time, if at all.

***Our plan to list our common stock on Nasdaq may never be realized or may progress slower than we expect, resulting in a significant delay between your investment and the creation of a liquid trading market or the inability to sell or dispose of our common stock.***

 ****

We have applied to list our common stock on The Nasdaq Capital Market and reserved the ticker symbol "GOTV". However, our ability to qualify for a Nasdaq listing is subject to numerous factors, including having a minimum of $15,000,000 in market value of unrestricted securities, our ability to raise sufficient capital in this offering, attracting a sufficient number of stockholders to meet exchange requirements, and satisfying Nasdaq's other quantitative and qualitative listing standards. We intend to satisfy the minimum market value of unrestricted securities requirement through the gross proceeds from this offering. However, there are no assurances that we will raise such minimum amount in market value of unrestricted securities. We may not be successful in meeting Nasdaq's initial listing requirements and will not be eligible for Nasdaq listing until we satisfy such initial listing requirements. Even if we do meet the requirements, Nasdaq may reject our application for any reason, and we will be required to maintain compliance with Nasdaq's listing requirements in order to avoid being delisted. You should not invest in this offering with the expectation that a Nasdaq listing will occur. The process of receiving approval for listing can be lengthy and expensive, and we may never receive approval to list our common stock on The Nasdaq Capital Market. There could be a significant delay between the closing of this offering and the eventual commencement of trading of our common stock on Nasdaq. During this period, your investment will remain illiquid.

***A limited public trading market may cause volatility in the price of our common stock.***

 ****

While we have applied for the listing of our common stock on The Nasdaq Capital Market, there can be no assurance that our common stock will ever be listed on Nasdaq or that a meaningful, consistent, and liquid trading market will develop. As a result, our stockholders may not be able to sell or liquidate their holdings in a timely manner, at the then-prevailing trading price of our common stock or at all. In addition, sales of substantial amounts of our stock, or the perception that such sales might occur, could adversely affect the price of our common stock, our stock price may decline substantially and our stockholders could suffer losses or be unable to liquidate their holdings.

***Purchasers in the offering will suffer immediate dilution.***

If you purchase our shares or common stock in this offering, the value of your shares based on our pro forma net tangible book value will immediately be less than the offering price you paid. This reduction in the value of your equity is known as dilution. At an assumed public offering price of $5.00 per share, purchasers of common stock in this offering will experience immediate dilution of approximately $(3.52) per share, representing the difference between the assumed public offering price per share in this offering and our pro forma as adjusted net tangible book value per share as of June 30, 2025, after giving effect to the Pro Forma Adjustments (as defined herein), this offering, and after deducting estimated offering expenses payable by us. See "Dilution."

 ****

***This is a "best efforts" offering; no minimum amount of shares of common stock is required to be sold, and we may not raise the amount of capital we believe is required for our business.***

The Placement Agent has agreed to use its reasonable best efforts to solicit offers to purchase the Offered Shares being offered hereby, however, the Placement Agent has no obligation to buy any of the Offered Shares from us or to arrange for the purchase or sale of any specific number or dollar amount of the Offered Shares. Furthermore, there is no minimum offering amount required as a condition to the closing of this offering. As such, the actual offering amount and net proceeds to us after deducting Placement Agent fees and offering expenses payable by us are not presently determinable and may be substantially less than the maximum amounts set forth in this Offering Circular. We may sell fewer than all of the Offered Shares, which may significantly reduce the amount of proceeds received by us, and investors in this offering will not receive a refund in the event that we do not sell an amount of Offered Shares sufficient to pursue the business goals outlined in this Offering Circular, including the redemption of the approximately $1.25 million of Senior Secured Notes issued from June through September 2025 (each, a "Seed Note" and collectively, the "Seed Notes"). If we do not raise the amount of capital we believe is required for our business, we may need to raise additional funds, which may not be available or available on terms acceptable to us. Because there is no minimum offering amount in this offering, investors could be in a position where they have invested in us, but we are unable to fulfill our objectives due to a lack of interest in this offering.

***Using a credit card to purchase the Offered Shares may impact the return on your investment as well as subject you to other risks inherent in this form of payment.***

Investors in this offering have the option of paying for their investment with a credit card, which is not usual in the traditional investment markets. Transaction fees charged by your credit card company (which can reach 5% of transaction value if considered a cash advance) and interest charged on unpaid card balances (which can reach almost 25% in some states) add to the effective purchase price of the Offered Shares you buy. The cost of using a credit card may also increase if you do not make the minimum monthly card payments and incur late fees. Using a credit card is a relatively new form of payment for securities and will subject you to other risks inherent in this form of payment, including that, if you fail to make credit card payments (e.g. minimum monthly payments), you risk damaging your credit score and payment by credit card may be more susceptible to abuse than other forms of payment. Moreover, where a third-party payment processor is used, as in this offering, your recovery options in the case of disputes may be limited. The increased costs due to transaction fees and interest may reduce the return on your investment.

The SEC's Office of Investor Education and Advocacy issued an Investor Alert dated February 14, 2018, entitled "Credit Cards and Investments – A Risky Combination," which explains these and other risks you may want to consider before using a credit card to pay for your investment.

 ****

***Our management will have broad discretion over the use of the net proceeds from this offering.***

We currently intend to use the net proceeds from the sale of the Offered Shares under this offering to redeem the Seed Notes and for general corporate purposes, including working capital. In addition, we may use the proceeds from this offering to roll up leading, specialized service providers focused on certain campaign functions. We have not reserved or allocated specific amounts for any of the foregoing purposes, other than the mandatory redemption of the Seed Notes, and we cannot specify with certainty how we will use the net proceeds. See "Use of Proceeds". Accordingly, our management will have broad discretion in the application of the net proceeds, and you will not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately. We may use the net proceeds for corporate purposes that do not increase our operating results or market value.

Furthermore, the net proceeds from this offering may not be sufficient to redeem the Seed Notes in full. The Seed Notes are secured by a first-priority lien on all assets of the Company. The Seed Notes mature pursuant to their terms on December 31, 2026, if not subject to an earlier mandatory redemption, and accrue interest at an annual rate of 15%, compounded daily. If we are unable to redeem the Seed Notes in full with the net proceeds from this offering, this may have an impact on our financial condition. In addition, if we are unable to redeem the Seed Notes prior to maturity or repay the Seed Notes in full upon maturity, we may be required to sell all or a significant portion of our assets constituting collateral securing the obligations under the Seed Notes to satisfy such obligations which may have a material adverse effect on our business and operations.

***We have not paid cash dividends in the past and do not expect to pay dividends in the future. Any return on investment may be limited to the value of our common stock, which may decrease in value.***

Since our reorganization in June of 2025, we have never paid cash dividends on our common stock and do not anticipate doing so in the foreseeable future. The payment of dividends on our common stock will depend on earnings, financial condition and other business and economic factors affecting us at such time as our board of directors may consider relevant. If we do not pay dividends, our common stock may be less valuable because a return on your investment will only occur if our stock price appreciates, which may not occur.

***Our issuance of shares of preferred stock could adversely affect the market value of our common stock, dilute the voting power of common stockholders and delay or prevent a change of control.***

Our board of directors has the authority to cause us to issue, without any further vote or action by the stockholders, shares of preferred stock in one or more series, to designate the number of shares constituting any series, and to fix the rights, preferences, privileges and restrictions thereof, including dividend rights, voting rights, rights and terms of redemption, redemption price or prices and liquidation preferences of such series.

The issuance of shares of preferred stock with dividend or conversion rights, liquidation preferences or other economic terms favorable to the holders of preferred stock could adversely affect the price for our common stock by making an investment in the common stock less attractive. For example, investors in our common stock may not wish to purchase common stock at a price above the conversion price of a series of convertible preferred stock because the holders of the preferred stock would effectively be entitled to purchase common stock at the lower conversion price, causing economic dilution to the holders of common stock.

Further, the issuance of shares of preferred stock with voting rights may adversely affect the voting power of the holders of our other classes of voting stock, either by diluting the voting power of our other classes of voting stock if they vote together as a single class or by giving the holders of any such preferred stock the right to block an action on which they have a separate class vote even if the action were approved by the holders of our other classes of voting stock. The issuance of shares of preferred stock may also have the effect of delaying, deferring or preventing a change in control of the Company without further action by the stockholders, even where stockholders are offered a premium for their shares.

***Our corporate governance measures, which will be effective upon a Public Listing, may not take effect if a Public Listing is not achieved, and the concentration of our voting stock will limit your ability to influence corporate matters.***

 ****

The Sarbanes-Oxley Act of 2002, as amended ("Sarbanes-Oxley"), as well as rule changes proposed and enacted by the SEC and NSEs as a result of Sarbanes-Oxley, require the implementation of various measures relating to corporate governance. These measures are designed to enhance the integrity of corporate management and the securities markets and apply to securities that are listed on those exchanges, including the Nasdaq Stock Market. Because we are not presently required to comply with many of the corporate governance requirements and because we chose to avoid incurring the substantial additional costs associated with such compliance sooner than legally required, we have not yet adopted certain of these measures.

 ****

We have adopted charters for our Audit, Compensation, and Nominating and Corporate Governance committees, as well as a Code of Business Conduct and other corporate policies designed to align with the corporate governance standards of a Nasdaq-listed company. However, such charters and policies will be effective only upon the listing of our common stock on an NSE. To satisfy the initial listing requirements of The Nasdaq Capital Market, we must, among other requirements, have a minimum of $15,000,000 in market value of unrestricted securities. We intend to satisfy this requirement through the gross proceeds from this offering. Our common stock will not be eligible for Nasdaq listing until it satisfies its initial listing requirements. This offering is not contingent on such a listing, and there is no guarantee that we will be able to meet Nasdaq's listing requirements or that our application will be approved. If a listing does not occur, these enhanced governance structures, including the requirement that our key board committees be composed of independent directors, will not be implemented.

Although we have appointed independent directors to serve on our board of directors effective upon a Public Listing, we do not currently have independent audit or compensation committees. As a result, our Chief Executive Officer and our other officers have the ability, among other things, to determine their own level of compensation. Until we comply with such corporate governance measures, regardless of whether such compliance is required, the absence of such standards of corporate governance may leave our stockholders without protections against interested director transactions, conflicts of interest, if any, and similar matters, and investors may be reluctant to provide us with funds necessary to expand our operations.

***The voting power of our stock is concentrated with our officers and directors, which will limit an investor's ability to influence the outcome of important transactions, including a change of control.***

 ****

Immediately prior to this offering, our officers and directors owned 91.58% of our outstanding and issued shares of common stock, and our Founder, Chief Executive Officer, and Chairman, Travis Trawick, owned 75% of our outstanding and issued shares of common stock. Assuming that all of the Offered Shares are sold in this offering, we expect that our officers and directors will own approximately 61.05% of our outstanding and issued shares of common stock, and approximately 50% of our outstanding and issued shares of common stock will be owned by Mr. Trawick. Accordingly, our officers and directors will be able to exercise control over all matters requiring our stockholders' approval, including the election of our directors, amendments of our organizational documents and any merger, consolidation, sale of all or substantially all of our assets or other major corporate transactions. Our officers and directors may have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests. This concentrated control could have the effect of delaying, preventing or deterring a change in control of the Company, could deprive our stockholders of an opportunity to receive a premium for their shares as part of a sale of the Company, and could ultimately affect the price of our securities.

***We will be required to publicly report on an ongoing basis under the reporting rules set forth in Regulation A for Tier 2 issuers. Therefore, we will be subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not "emerging growth companies," and our investors could receive less information than they might expect to receive from exchange traded public companies.***

We will be required to publicly report on an ongoing basis under the reporting rules set forth in Regulation A for Tier 2 issuers. The ongoing reporting requirements under Regulation A are more relaxed than for "emerging growth companies" under the Exchange Act. The differences include, but are not limited to, being required to file only annual and semiannual reports, rather than annual and quarterly reports. Therefore, our investors could receive less information than they might expect to receive from exchange traded public companies.

***Our management team has limited experience managing a public company.***

Most members of our management team have limited experience managing a publicly traded company, interacting with public company investors and complying with the increasingly complex laws pertaining to public companies. Our management team may not successfully or efficiently manage our transition to being a public company that is subject to significant regulatory oversight and reporting obligations under the federal securities laws and the continuous scrutiny of securities analysts and investors. These new obligations and constituents require significant attention from our management and could divert their attention away from the day-to-day management of our business, which could harm our results of operations and financial condition.

***Members of our management team have interests in or are employed by other business ventures that may divert their attention from our business and may from time to time be the subject of negative media coverage or public actions that could have a material adverse effect on the reputation of our management team or business.***

Members of our management team have interests in or are employed by other business ventures. These outside responsibilities could divert their attention from our day-to-day operations and strategic management, and may from time to time result in negative media coverage, litigation, or adverse public actions. Any of the foregoing could have a material adverse effect on the reputation of our management team and, by extension, the Company, even if unrelated to our business.

 ****

Members of our management team presently have, and other members of our management team may in the future have additional, ownership interests in, employment by, and fiduciary or contractual obligations to other entities with which they are affiliated with whom we may or may not have a relationship. Such other ventures and entities could divert the attention of our management from our business or create conflicts of interest or the perception thereof. Such other entities and business ventures are, from time to time, subject to litigation or investigations that could materially and adversely affect the reputation and perception among our clients or potential team members, which could in turn materially and adversely affect our business, financial condition and results of operations.

 ****

 ****

***The elimination of monetary liability against our directors, officers, and employees under Nevada law and the existence of indemnification rights for our obligations to our directors, officers, and employees may result in substantial expenditures by us and may discourage lawsuits against our directors, officers, and employees.***

Our Articles of Incorporation and Bylaws contain provisions permitting us to eliminate the personal liability of our directors and officers to us and our stockholders for damages for the breach of a fiduciary duty as a director or officer to the extent provided by Nevada law. We may also have contractual indemnification obligations under any future employment agreements with our officers. The foregoing indemnification obligations could result in us incurring substantial expenditures to cover the cost of settlement or damage awards against directors and officers, which we may be unable to recoup. These provisions and the resulting costs may also discourage us from bringing a lawsuit against directors and officers for breaches of their fiduciary duties and may similarly discourage the filing of derivative litigation by our stockholders against our directors and officers even though such actions, if successful, might otherwise benefit us and our stockholders.

Upon a Public Listing, although we expect to maintain directors' and officers' liability insurance, such insurance may not be adequate to cover all liabilities that we may incur. Liabilities in excess of our insurance coverage may reduce our available funds to satisfy third-party claims and may adversely impact our cash position and financial condition.

***Anti-takeover effects of certain provisions of Nevada state law could hinder a potential takeover of us.***

Nevada has a business combination law that prohibits certain business combinations between Nevada corporations and "interested stockholders" for three years after an "interested stockholder" first becomes an "interested stockholder," unless the corporation's board of directors approves the combination in advance. For purposes of Nevada law, an "interested stockholder" is any person who is (i) the beneficial owner, directly or indirectly, of ten percent or more of the voting power of the outstanding voting shares of the corporation or (ii) an affiliate or associate of the corporation and at any time within the three previous years was the beneficial owner, directly or indirectly, of ten percent or more of the voting power of the then-outstanding shares of the corporation. The definition of the term "business combination" is sufficiently broad to cover virtually any kind of transaction that would allow a potential acquirer to use the corporation's assets to finance the acquisition or otherwise to benefit its own interests rather than the interests of the corporation and its other stockholders.

The potential effect of Nevada's business combination law is to discourage parties interested in taking control of us from doing so if these parties cannot obtain the approval of our board of directors. This could limit the price investors would be willing to pay in the future for shares of our common stock.

***Our bylaws contain an exclusive forum provision, which could limit our stockholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or agents.***

Our bylaws provide that, unless we consent in writing to the selection of an alternative forum, the state and federal courts in the State of Nevada shall be the exclusive forum for any litigation relating to our internal affairs, including, without limitation: (a) any derivative action brought on behalf of us, (b) any action asserting a claim for breach of fiduciary duty to us or our stockholders by any current or former officer, director, employee, or agent of us, or (c) any action against us or any current or former officer, director, employee, or agent of us arising pursuant to any provision of the Nevada Revised Statutes, the Articles of Incorporation, or the Bylaws.

The choice of forum provision in our bylaws may limit our stockholders' ability to bring a claim in a judicial forum that they find favorable for disputes with us or our directors, officers, employees or agents, which may discourage such lawsuits against us and our directors, officers, employees and agents even though an action, if successful, might benefit our stockholders. The applicable courts may also reach different judgments or results than would other courts, including courts where a stockholder considering an action may be located or would otherwise choose to bring the action, and such judgments or results may be more favorable to us than to our stockholders. With respect to the provision making the state and federal courts in the State of Nevada the sole and exclusive forum for certain types of actions, stockholders who do bring a claim in the state and federal courts in the State of Nevada could face additional litigation costs in pursuing any such claim, particularly if they do not reside in or near Nevada. Finally, if a court were to find this provision of our bylaws inapplicable to, or unenforceable in respect of, one or more of the specified types of actions or proceedings, we may incur additional costs associated with resolving such matters in other jurisdictions, which could have a material adverse effect on us.

**RISKS RELATED TO OUR BUSINESS AND FINANCIAL CONDITION**

 ***Certain of our indebtedness is secured by substantially all of our assets and any event of default could limit our operational flexibility and otherwise adversely affect our financial condition.***

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The Seed Notes and each of the Stripe Capital Loan and the OnDeck Term Loan (each as defined herein) is secured by substantially all of our assets. Our failure to comply with the covenants or payment requirements, or other events specified in these loan agreements, could result in an event of default and our lenders may, among other actions, accelerate our obligations under these loan agreements, demand immediate repayment of the outstanding balances, increase the repayment rate and foreclose upon the collateral secured by such loans, or we may be forced to sell assets, restructure our indebtedness, or seek additional equity capital, which would dilute our stockholders' interests. If our loans are accelerated by the lenders, we might not be able to repay our debt or borrow sufficient funds to refinance them. New financing may not be available on terms that are acceptable to us, or at all. Any of the foregoing could adversely affect our business, financial condition, and/or results of operations. As of November 20, 2025, we have repaid (i) $92,050 of the balance of the Stripe Capital Loan and have an additional $44,307 balance outstanding and (ii) $16,910 of the balance of the OnDeck Term Loan and have an additional $246,890 balance outstanding.

Additionally, we currently intend to redeem the Seed Notes in full with the proceeds from this offering, including Seed Notes held by certain of our executive officers (or their immediate family members). The Seed Notes are secured by a first-priority lien on all assets of the Company. The Seed Notes mature pursuant to their terms on December 31, 2026, if not subject to an earlier mandatory redemption, and accrue interest at an annual rate of 15%, compounded daily. If we are unable to redeem the Seed Notes in full with the net proceeds from this offering, this may have an impact on our financial condition. In addition, if we are unable to redeem the Seed Notes prior to maturity or repay the Seed Notes in full upon maturity, we may be required to sell all or a significant portion of our assets constituting collateral securing the obligations under the Seed Notes to satisfy such obligations which may have a material adverse effect on our business and operations. See also "Risk Factors - *Our management will have broad discretion over the use of the net proceeds from this offering*" as related to the Seed Notes.

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***Our ability to grow and compete in the future will be adversely affected if adequate capital is not available to us or not available on terms favorable to us.***

We have limited capital resources. Our ability to continue our normal and planned operations, to grow our business, and to compete in our industry will depend on the availability of adequate capital. We cannot assure you that we will be able to obtain additional funding from those or other sources when or in the amounts needed, on acceptable terms, or at all. If we raise capital through the sale of equity, or securities convertible into equity, it would result in dilution to our then-existing stockholders, which could be significant depending on the price at which we may be able to sell our securities. If we raise additional capital through the incurrence of additional indebtedness, we would likely become subject to further covenants restricting our business activities, and holders of debt instruments may have rights and privileges senior to those of our then-existing stockholders. In addition, servicing the interest and principal repayment obligations under debt facilities could divert funds that would otherwise be available to support development of new programs and marketing to current and potential new clients. If we are unable to raise capital when needed or on attractive terms, we could be forced to delay, reduce, or eliminate development of new programs or future marketing efforts, or reduce or discontinue our operations. Any of these events could significantly harm our business, financial condition, and prospects.

***The market for programmatic buying for political advertising campaigns is dynamic and evolving. If this market develops more slowly or differently than expected, our business, operating results and financial condition may be adversely affected.***

We primarily derive revenue from the distribution of political text and voice messages through our platform. We expect that such distribution of communications will continue to be our primary source of revenue for the foreseeable future, and that our revenue growth will largely depend on increasing clients' usage of our platform and services. If the market for campaign spending deteriorates or develops more slowly than we expect, it could reduce demand for our platform and services, and our business, growth prospects and financial condition would be adversely affected.

In particular, the market for programmatic buying for political campaigns across multiple outreach channels is an emerging market. Our ability to provide capabilities across multiple communication channels may be constrained if we are not able to maintain or grow our service offerings, and some of our offerings may not gain market acceptance. We may not be able to accurately predict changes in overall industry demand for the channels in which we operate and cannot make assurances that our investment in channel development will correspond to any such changes. For example, we cannot predict whether the growth in demand for P2P text messaging will continue. Furthermore, if our channel mix changes due to a shift in customer demand, such as customers shifting their usage more quickly or more extensively than expected to channels in which we have relatively less functionality, features, or capabilities, then demand for our platform and service offerings could decrease, and our business, financial condition, and results of operations could be adversely affected.

***We have historically relied on a limited number of clients for a substantial portion of our revenue, and the loss of these clients could harm our business.***

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Historically, a significant portion of our revenue in any given quarter and fiscal year has been generated by a small number of large clients. In the year ended December 31, 2024, we derived 44.01% of our revenue from three clients and for the six months ended June 30, 2025, we derived 25.07% of our revenue from two clients.

Our relationships with these clients are often tied to specific election cycles, and there is no assurance that we will be able to maintain these relationships or that our major clients will continue to use our services at historical levels, or at all.

The loss of one or more of our key clients or a significant reduction in their spending on our services could have a material adverse effect on our business, financial condition, and results of operations. We may not be able to attract new clients to replace the revenue generated by our larger clients in a timely manner, which would make it difficult to support our operational expenses and achieve our growth objectives.

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***As our costs increase, we may not be able to generate sufficient revenue to sustain our past profitability.***

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We are currently experiencing and anticipate continued future growth that could require substantial financial and other resources to, among other things:

● develop our platform, including by investing in our engineering team;

● create, acquire or license new products or features, and improve the functionality, availability and security of our platform;

● improve our technology infrastructure, including investing in internal technology development and acquiring outside technologies;

● develop internal controls over financial reporting, including by hiring necessary accounting and information technology personnel to establish sufficient internal controls;

● cover general and administrative expenses, including legal, accounting and other expenses necessary to support a significantly larger organization;

● cover sales and marketing expenses, including a significant expansion of our direct sales organization;

● cover expenses relating to data collection and consumer privacy compliance, including additional infrastructure, automation and personnel;

● cover costs associated with inflationary pressures across our suppliers and the rising costs of labor; and

● explore strategic acquisitions.

Investing in the foregoing, however, may not yield anticipated returns. Consequently, as our costs increase, we may not be able to generate sufficient revenue to sustain profitability.

***Our success and revenue growth is dependent on our marketing efforts, ability to maintain our brand, adding new clients, and increasing usage of our platform and services by our customers.***

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Our success is dependent on regularly adding new clients and increasing our clients' usage of our platform and services. Our clients typically have relationships with numerous providers and can use both our platform and services and those of our competitors. Candidates may also choose to decrease or halt their overall campaign spend for any reason, whether due to limited access to funds or due to withdrawal from a race. Accordingly, we must continually work to win new clients and retain existing clients, increase their usage of our platform and services and capture a larger share of their campaign spending. If these efforts are unsuccessful or clients decide not to continue to maintain or increase their usage of our platform and services for any other reason, or if we fail to attract new clients, our revenue could fail to grow or decline, which would materially and adversely harm our business, operating results and financial condition. We cannot assure you that our clients will continue to use and increase their spend on our platform and service offerings or that we will be able to attract a sufficient number of new clients to continue to grow our business and revenue. If clients representing a significant portion of our business decide to materially reduce their use of our platform or service offerings or cease using them altogether, our revenue could be significantly reduced, which could have a material adverse effect on our business, operating results and financial condition. We may not be able to replace customers who decrease or cease their usage of our platform or service offerings with new customers that will use them to the same extent.

***Our business depends, in part, on the success of our strategic relationships to attract potential clients for our services, and our ability to grow our business depends on our ability to continue these relationships.***

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There are a limited number of skilled campaign professionals in the United States. Our ability to attract and retain clients, in part, depends on relationships that our employees and management team have built within the campaign industry in our period of operation. The loss of these key relationships, or even a deterioration in our standing within this professional community, could significantly impede our ability to generate new business, as many of our clients are referred to us by trusted political consultants and campaign managers. Furthermore, our competitors also seek to cultivate relationships within this limited talent pool, and if these professionals choose to recommend a competitor's services over our own, our client acquisition efforts would be substantially less effective, leading to a material adverse effect on our revenue and growth prospects.

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***We may be unsuccessful in launching or marketing new products or services, or we may be unable to successfully integrate new offerings into our existing platform, which would result in significant expense and may not achieve desired results.***

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We regularly evaluate expanding our products or launching new service offerings and plan to expand significantly. Any expansion or new offering requires significant expenses and the time of our key personnel, particularly at the outset of the process, and such new service offerings or expansion of our platform may not result in the customer conversion or profitability that we expect. Our plans to expand and deepen our market share are subject to a variety of risks and challenges. We cannot assure you that we will be able to increase revenue and create business model efficiencies in the manner that we expect.

New product or service offerings may also subject us to new regulatory environments, which could increase our costs as we evaluate compliance with any new regulatory regime. Notwithstanding the expenses and time devoted to expanding an existing product or service offering or launching a new product offering, we may fail to achieve the financial and market share goals associated with the expansion. If we cannot manage our expansion efforts efficiently, our market share gains could take longer than planned and our related costs could exceed expectations. In addition, we could incur significant costs to seek to expand our market share, and still not succeed in attracting sufficient customers to offset such costs.

***Our business is heavily tied to the United States electoral calendar. Political campaign spending tends to increase near certain milestone dates, which we expect to create fluctuations in our operating results on a quarter-to-quarter and year-to-year basis.***

 

Our revenue is highly concentrated and dependent on the election cycle, with a significant portion of our business activity occurring in the months leading up to primary and general elections. Political campaign spending is generally greater in even-numbered years and especially presidential election years, which has the potential to create fluctuations in our operating results on a year-to-year basis. For example, for the fiscal year ended December 31, 2024, our revenue was $881,051, as compared to revenue of $460,224 in the fiscal year ended December 31, 2023. In addition, political campaign spending is dependent on the level of political ad spending and competitiveness of local, state and national elections within each local market. This cyclicality makes it difficult to predict financial performance and manage resources and may make it difficult for investors to evaluate trends in our business. Period- to-period comparisons of our historical operating results should not be relied upon as an indication of our future performance. Based on these fluctuations, we have a limited ability to forecast our future revenue, costs and expenses, and, as a result, our operating results may, from time to time, fall below our estimates or the expectations of securities analysts and investors. Any event that suppresses political campaign activity or spending, such as campaign finance reform, a shift in campaign strategies away from direct voter contact, or a less contentious election cycle than anticipated, could have a material adverse effect on our revenue and profitability.

***We expect to experience a high rate of client and subscriber churn.***

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Our business model is substantially dependent on clients engaged in political campaigns, whom we attempt to engage with our services on a subscription basis. Campaigns for elected office are, by definition, temporary. At the end of an election cycle, a client's need for our services or their subscription thereto may end regardless of the electoral outcome, whether as a result of campaign committee dissolution following a loss or transitioning away from a campaign focus following a victory. Either outcome may significantly reduce or eliminate a client's need for our services for a period of time. Due to the inherently cyclical nature of this industry, we expect to experience a high rate of client and subscriber churn.

In addition, we expect that client churn will be exacerbated by the high turnover among political campaign staff. The individuals who make the decision to subscribe to and use our platform often work for a campaign for a single cycle before moving to a new role. This frequent staff turnover can lead to a loss of institutional knowledge regarding our platform and its advantages, which may affect our ability to retain subscribers or clients across electoral cycles. If we are unable to acquire new clients and subscribers at a rate that exceeds this churn, our revenue will decline, and our business, financial condition, and results of operations will be adversely affected.

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***Changes in campaign finance laws or patterns of political spending could adversely affect our business.***

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Our business, financial condition, and results of operations are substantially dependent on the ability and willingness of political campaigns, political action committees (including super PACs), and other issue-advocacy organizations to raise and spend significant funds on voter outreach and engagement. The existence of a large and growing market for our services is a direct result of the current legal and regulatory framework governing campaign finance in the United States.

The legal landscape for political spending is subject to change. Future legislative or regulatory actions at the federal, state, or local levels could significantly alter the environment in which our clients operate. Such changes could include, but are not limited to:

● the passage of new campaign finance reform laws that further restrict contributions to candidates or committees;

● the implementation of new limitations on expenditures by campaigns or independent groups;

● new regulations issued by the Federal Election Commission or equivalent state agencies; or

● future judicial or Supreme Court decisions that modify or overturn existing precedents related to political spending.

Any such changes that limit the amount of money in the political system or restrict how that money can be spent could reduce the overall demand for our services, thereby shrinking our addressable market. We cannot predict the likelihood, timing, or scope of any potential changes to these laws and regulations. However, the adoption of a more restrictive legal framework for political spending could have a material adverse effect on our business, revenue, and ability to operate.

***Our business model is dependent on the regularity and public acceptance of elections throughout the United States.***

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Our business model is fundamentally dependent on the consistent and predictable occurrence of elections at the federal, state, and local levels throughout the United States. The entirety of our revenue is derived from products and services sold to clients whose activities are centered around influencing outcomes within these legally mandated electoral cycles. Any significant disruption or degradation of the American system of electoral democracy could materially and adversely affect our business.

Such disruptions could stem from various sources, including legislative changes that alter the frequency or nature of elections, or a broad decline in public confidence and participation in the electoral process. A reduction in the number of regularly scheduled elections or a significant consolidation of election cycles would directly reduce the number of campaigns that require our services, thereby shrinking our total addressable market. Similarly, an erosion of public trust in the validity of electoral outcomes could lead to decreased political engagement and fundraising, which would likely result in lower overall spending on the types of voter outreach services we provide.

Because our business relies on this established democratic framework, any events that threaten the stability, predictability, or public acceptance of elections could materially diminish our clients' need for our services, which would have a direct adverse effect on our revenue and future prospects.

***Our non-partisan business model may be difficult to maintain and could adversely affect client relationships and growth.***

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We have committed to operating as a non-partisan organization, a principle that has been a core part of our identity throughout our corporate history. Our goal is to provide services to clients and organizations across the political spectrum.

However, the market for political consulting and outreach is highly partisan. Many campaigns and organizations prefer to exclusively engage vendors who are publicly aligned with their political party or ideology, and campaign contributions from certain partisan organizations may require that campaigns utilize the services of our competitors. Accordingly, our non-partisan stance may represent a disadvantage when seeking to attract clients who prioritize political affiliation in their vendor relationships.

Furthermore, our reputation for non-partisanship could be diminished if our workforce, management team, board of directors, shareholder base, or client portfolio becomes, or is perceived as becoming, significantly weighted toward one political party or ideological viewpoint. Even if our services are provided neutrally, a material imbalance in partisan affiliation among any group of key stakeholders could create the perception that we favor one side of the political spectrum. Such a perception could alienate prospective clients and damage our reputation with existing ones, thereby reducing our total addressable market, and could result in increased turnover among our workforce.

A failure to successfully establish and maintain our non-partisan identity could limit our ability to attract new business and retain members of our workforce, either of which could have a material adverse effect on our revenue, financial condition, and future prospects.

***Our association with clients who become involved in public scandals or controversies could damage our reputation and brand, regardless of our non-partisan stance.***

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The nature of political campaigning is inherently contentious and increasingly divisive. Our clients may be involved in or become the subject of public controversies, ethical questions, or legal scandals. Although we operate as a non-partisan service provider, our association with any client involved in a significant controversy could lead to negative publicity and harm to our own reputation. Because a political campaign using our services is required to disclose this information to the Federal Election Commission ("FEC"), any association we had with such a client would be a matter of public record. This reputational damage could manifest even if we are not directly involved in the underlying controversial conduct. A damaged reputation could, in turn, impair our ability to attract and retain clients and employees, which would adversely affect our business and results of operations.

***We could be subject to legal and regulatory liability if clients misuse our platform.***

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We distribute communications that are created and directed by our clients. While our terms of service prohibit the use of our platform for illegal purposes and place the responsibility for message content on our clients, we may not be able to prevent all instances of misuse. Clients may use our services to send messages that are deceptive, defamatory, designed to suppress voting, or otherwise violate federal or state laws, despite our efforts to prevent such misuse.

Regulators have previously sought to hold communications platform providers liable for the unlawful election communications of their clients. For example, a series of robocalls made by the organization Project 1599 that included false claims about mail-in ballots ahead of the 2020 general election resulted in civil and legal liability for the organization's members, including criminal charges in multiple states and a $5,134,500 fine from the FCC. The platform that the organization used to disseminate these communications was sued by the New York Attorney General, resulting in a settlement that required the platform to enter into a consent decree, offer 200,000 complementary minutes of robocalls to a non-partisan voter protection organization, and pay $50,000 in restitution. If one of our clients uses our platform for illegal activities, we could be subject to investigations, litigation, and significant financial or operational penalties, even if we were not aware of or contractually responsible for the unlawful content of the message.

Defending against any such action would be costly and time-consuming, and an adverse ruling could have a material impact on our business. Furthermore, regardless of the legal outcome, any public association with a client's illegal or unethical activities could cause significant reputational harm, impairing our ability to attract and retain business and adversely affecting our financial condition.

***The market in which we participate is intensely competitive and fragmented, and we may not be able to compete successfully with our current or future competitors.***

We operate in a highly competitive, fragmented, and rapidly changing industry that is subject to changing technology and that includes many companies providing competing solutions. With the introduction of new technologies and the influx of new entrants into the market, we expect competition to persist and intensify in the future, which could harm our ability to increase revenue and maintain profitability. New technologies and methods of contacting voters present a dynamic competitive challenge, as market participants offer multiple new products and services aimed at capturing voter attention.

The political campaign services industry is highly competitive and fragmented, with a broad range of vendors offering tools and technologies to candidates, political committees, issue advocacy groups, and public affairs firms. We compete directly with a range of campaign service providers, including other peer-to-peer texting vendors, providers of automated voice and SMS messaging, digital ad networks, and consulting firms that bundle communications with other services. Many of our current and potential competitors have significantly more financial resources, brand recognition, and longer-standing client relationships than we have. As a result, these competitors may be better able to respond quickly to new technologies, develop more resilient client relationships, or offer services at lower prices in certain circumstances. Furthermore, many competitors are explicitly aligned with a political party, which may give them a competitive advantage with campaigns or organizations that exclusively utilize politically-aligned vendors. Increased competition may result in reduced pricing for our platform and services, increased sales and marketing expenses, longer sales cycles or a decrease in our market share, any of which could negatively affect our revenue and future operating results and our ability to grow our business.

***The emergence of event-based prediction markets related to election outcomes could alter campaign strategies or spending on elections in unpredictable ways, which may affect demand for our services.***

 

In recent years, there has been significant growth in online platforms that allow users to trade contracts based on the outcome of future events, including U.S. political elections. These prediction markets generate real-time, financially-backed odds on electoral outcomes, which could become a significant data source for political campaigns, donors, and media organizations. The availability of this data could supplement, compete with, or reduce the reliance on traditional public opinion polling and data analytics, which may adversely affect our ability to sell services contingent on such models.

As a result, campaigns may alter their strategies for resource allocation, voter outreach, and fundraising in unpredictable ways based on the odds presented in these markets. For example, a campaign might decrease its spending on voter contact services in a race where the market implies a high probability of victory or defeat, or change its messaging strategy to directly address market-driven narratives. Because the demand for our messaging and data services is directly tied to the strategic spending decisions of our clients, any significant shift in how campaigns allocate their budgets could materially affect our business. A greater reliance on prediction market data could lead to more volatile demand for our services, making it difficult for us to forecast revenue and manage our operations.

The growth of prediction markets may also affect the total market for campaign services in ways that we cannot predict. For instance, according to media reports including Newsweek, individual traders with substantial investments in event contracts related to the 2024 presidential election reportedly commissioned proprietary opinion polls to inform their financial position. Similar actions by financially motivated investors in prediction markets may shift the nature of the campaign services market or the regulation of voter outreach in ways that we are unable to anticipate. We are not able to predict how similarly-situated stakeholders may affect the market for campaign spending in future election cycles, nor can we be certain that we will be able to effectively adapt our business to any such changes.

The continued growth and influence of these markets represent a new and evolving factor in the political landscape, and we cannot predict the ultimate impact they may have on the overall demand or pattern of demand for our services, which could have a material adverse effect on our business, financial condition, and results of operations.

***Our future success depends on the continuing efforts of our key employees and our ability to attract, hire, retain and motivate highly skilled employees with experience in political campaigning and technology in the future.***

Our future success depends on the continuing efforts of our executive officers and other key employees. We rely on the leadership, knowledge and experience in the political campaign industry that our executive officers provide. They foster our corporate culture, which we expect will be instrumental in our ability to attract and retain new talent, whether through hiring for new positions or through acquiring firms with skilled personnel that offer complementary services.

The market for talent in our key areas of operations is intensely competitive, which could increase our costs to attract and retain talented employees. As a result, we may incur significant costs to attract and retain employees, including significant expenditures related to salaries and benefits and compensation expenses related to equity awards, and we may lose new employees to our competitors or other companies before we realize the benefit of our investment in recruiting and training them.

Employee turnover, including changes in our management team, could disrupt our business. Our key employees, other than our executive officers, do not have employment agreements for specific terms, and any of these employees may terminate their employment with us at any time. The loss of one or more of our key employees or our inability to attract and retain highly skilled employees could have an adverse effect on our business, operating results and financial condition.

***Failure to manage our growth effectively could cause our business to suffer and have an adverse effect on our business, operating results and financial condition.***

We have significantly expanded and are expecting to continue expanding our business. To manage our growth effectively, we must continually evaluate and evolve our organization. We must also manage our employees, operations, finances, technology and development and capital investments efficiently. Our efficiency, productivity and the quality of our platform, service offerings and customer service may be adversely impacted if we do not train our new personnel, particularly our sales and support personnel, quickly and effectively, or if we fail to appropriately coordinate across our organization. Additionally, our rapid growth may place a strain on our resources, infrastructure and ability to maintain and improve the quality of our platform and services. You should not consider our expenses, revenue growth, and levels of profitability in recent periods as indicative of future performance. In future periods, our revenue or profitability could decline or grow more slowly than we expect. Failure to manage our growth effectively could cause our business to suffer and have an adverse effect on our operating results and financial condition.

***We identified material weaknesses in our internal control over financial reporting and may identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control, which may result in material misstatements of our financial statements or cause us to fail to meet our periodic reporting obligations.***

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We identified material weaknesses in our internal control over financial reporting as of December 31, 2024. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. These material weaknesses related to entity-level controls, transaction-level controls, and information technology controls. With respect to entity-level controls, we determined that (i) we do not have an independent audit committee or a director designated as a financial expert to oversee the financial reporting function and (ii) our risk assessment procedures are not sufficiently documented. With respect to transaction-level controls, we determined that we did not have (i) sufficient number of staff in the financial reporting function, (ii) adequate number of staff to permit segregation of duties, and (iii) sufficient written procedures over financial reporting. With respect to information technology controls, we determined that we did not have staff with the competency and resources to implement adequate information technology controls.

We plan to remediate these material weaknesses by hiring employees to build and support our accounting, financial reporting, and information technology functions, recruiting independent directors with financial expertise to join our board, and developing document procedures for financial reporting and risk assessment. We have engaged a part-time financial controller to assist in building these procedures and expect to hire a full-time controller upon a Public Listing. We cannot assure you that the measures that we have taken, and that we expect will be taken, to remediate these material weaknesses will, in fact, remedy such material weaknesses or will be sufficient to prevent future material weaknesses from occurring. We also cannot assure you that we have identified all of our existing material weaknesses.

As a private company, we were subject to more limited requirements with respect to the documentation, testing, and certification of our internal controls over financial reporting. As a public company, we will be required to disclose any material weaknesses identified by management in our internal control over financial reporting. Our independent registered public accounting firm may issue a report that is adverse. To comply with the requirements of being a public company, we expect to undertake various actions, such as implementing new internal controls and procedures and hiring accounting and internal audit staff.

If not remediated, these material weaknesses could result in material misstatements to our annual or interim financial statements that might not be prevented or detected on a timely basis, or in delayed filing of required periodic reports. If we are unable to assert that our internal control over financial reporting is effective, or if our independent registered public accounting firm is unable to express an unqualified opinion as to the effectiveness of the internal control over financial reporting, investors may lose confidence in the accuracy and completeness of our financial reports, the price of our common stock could be adversely affected and we could become subject to litigation or investigations by the SEC, or other regulatory authorities, which could require additional financial and management resources.

Effective internal control over financial reporting is necessary for us to provide reliable financial reports and, together with adequate disclosure controls and procedures, is designed to prevent fraud. Any failure to implement required new or improved controls, or difficulties encountered in their implementation, could cause us to fail to meet our reporting obligations. In addition to the material weaknesses in internal control over financial reporting identified in connection with the preparation of our financial statements to be filed with the SEC, any testing by us conducted in connection with other applicable requirements, or any subsequent testing by our independent registered public accounting firm, may reveal additional deficiencies in our internal control over financial reporting that are deemed to be material weaknesses or that may require prospective or retroactive changes to our financial statements or identify other areas for further attention or improvement. Ineffective internal controls could also cause investors to lose confidence in our reported financial information, which could materially and adversely affect our business and the trading price of our common stock. Failure to accurately report our financial performance on a timely basis could also jeopardize our plans to list our common stock on an exchange, which may reduce the price of and increase the volatility of the price for our common stock.

***Future acquisitions, strategic investments or alliances could disrupt our business and harm our business, operating results and financial condition.***

To the extent we find suitable and attractive acquisition candidates and business opportunities in the future, we may acquire other complementary businesses, products and technologies and enter into joint ventures or similar strategic relationships. We have no present commitments or agreements to enter into any such acquisitions or make any such investments. However, if we identify an appropriate acquisition candidate, we may not be successful in negotiating the terms or financing of the acquisition, and our due diligence may fail to identify all of the problems, liabilities or other shortcomings or challenges of an acquired business, product or technology, including issues related to intellectual property, product quality or architecture, regulatory compliance practices, revenue recognition or other accounting practices, tax liabilities, privacy or cybersecurity issues or employee or customer issues. There is no certainty that we will be able to successfully integrate the services, products and personnel of any acquired business into our operations. In addition, any future acquisitions, joint ventures or similar relationships may cause a disruption in our ongoing business and distract our management. Further, we may be unable to realize the revenue improvements, cost savings and other intended benefits of any such transaction. Acquisitions involve numerous other risks, any of which could harm our business, including:

● regulatory hurdles;

● failure of anticipated benefits to materialize;

● diversion of management time and focus from operating our business to addressing acquisition integration challenges;

● retention of employees from the acquired company;

● corporate cultural challenges associated with integrating employees from the acquired company into our organization;

● integration of the acquired company's accounting, management information, human resources and other administrative systems;

● the need to implement or improve controls, procedures and policies at a business that prior to the acquisition may have lacked effective controls, procedures and policies;

● coordination of product development and sales and marketing functions;

● liability for activities of the acquired company before the acquisition, including known and unknown liabilities; and

● litigation or other claims in connection with the acquired company, including claims from terminated employees, users, former stockholders or other third parties.

Failure to appropriately mitigate these risks or other issues related to such strategic investments and acquisitions could result in reducing or completely eliminating any anticipated benefits of such transactions, and could harm our business generally. Future acquisitions could also result in dilutive issuances of our equity securities, the incurrence of debt, contingent liabilities, amortization expenses, or the impairment of goodwill, any of which could harm our business, operating results, and financial condition.

***Unfavorable publicity and negative public perception about our industry, as well as perceived failure to comply with laws and industry self-regulation, could adversely affect our business and operating results.***

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Recent years have seen increasing awareness and concern among the general public, privacy advocates, mainstream media, governmental bodies and others regarding spam or scam communications, including robocalls and text messages. The FCC has cited unwanted calls as its top consumer complaint and enforcement priority in public communications, and spam text messages have proliferated to the extent that, according to research from RoboKiller, nearly 20 billion are sent in the United States each month. Because we utilize peer-to-peer messaging and do not permit messages to be sent using an autodialer on our platform, messages sent on our platform do not constitute spam. However, consumer concerns about the receipt of unwanted text messages, whether or not valid as applied to messages sent using our platform and whether driven by applicable laws and regulations, industry standards, or the broader public, may harm our reputation, result in loss of goodwill, and inhibit use of our platform and services by current and future customers. Any unfavorable publicity or negative public perception about us, our industry, including our competitors, or even illegal providers of scam robotexts can affect our business and results of operations, and may lead to additional regulatory scrutiny or lawmaking that affects us or our industry. Additional public scrutiny may lead to general distrust of our industry, voter reluctance to interact with campaigns or issue organizations via their cell phone, increased consumer opt-out rates or legal or regulatory action, any of which could negatively influence, change or reduce our current and prospective clients' demand for our products and services, subject us to liability, and adversely affect our business and operating results.

***If our access to third-party service providers is diminished, the effectiveness of our platform and services will decrease, which could harm our operating results and financial condition.***

A portion of the services that we provide are made available through integrations with, or the user of, third-party service providers. We are dependent upon our ability to obtain necessary licenses on commercially reasonable terms. We could suffer material adverse consequences if we were unable to offer services for a period of time due to lack of support from a third-party service provider. Our operation of our platform and ability to meet client needs could be negatively impacted if third parties cease entering into integration agreements with us.

Additionally, we may be required to terminate relationships with our third-party service providers if they fail to adhere to our quality and service standards. If we were to lose access to significant amounts of the technology that enables our framework, our ability to provide products and services to clients could be materially and adversely impacted, which could be materially adverse to our business, operating results and financial condition.

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***Our failure to meet content standards and provide services that our clients trust could harm our brand and reputation and negatively impact our business, operating results and financial condition.***

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We do not provide the content of the messages we send. We prohibit the misuse of our platform by our customers and provide a human review of any messaging script. Despite such efforts, our clients may use our platform to send messages that other clients or their constituents consider inappropriate, inconsistent with their values, or illegal, in which case we may not be able to provide continued service from both clients. We may disseminate messages that are objectionable to certain of our clients or their constituents, which could harm our brand and reputation, cause clients to decrease or terminate their relationship with us or otherwise negatively impact our business, operating results and financial condition.

***We face potential liability and harm to our business based on the human factor of inputting information into our platform.***

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We or our clients set up campaigns on our platform using a number of available variables. While our platform includes several checks and balances and no messages are sent without human review of the script, it is possible for human error to result in errors in message transmission. For example, a message script that inadvertently uses a keyword filtered by mobile network operators may result in throttling or low delivery rates, or a particular message script may be sent to an inappropriate target list. Our potential liability for such errors may be higher when they occur in situations in which we are sending messages on behalf of a client.

***Our market growth expectations***  ***may prove to be inaccurate and, even if the market in which we compete continues to grow, we cannot assure you that our business will grow at similar rates, if at all.***

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Our expectations for the growth of the market for voter outreach services are subject to significant uncertainty and are based on assumptions and estimates which may not prove to be accurate. Our expectations relating to expected growth in spending on political campaigns and issue advocacy may prove to be inaccurate. Even if these markets experience the forecasted growth, we may not grow our business at similar rates, or at all. Our growth is subject to many factors including our success in implementing our business strategy, which is subject to many risks and uncertainties, and past growth in the market for political campaign services should not be seen as representative of expectations for the future growth of our business.

***Natural disasters and other events beyond our control could materially adversely affect us.***

Natural disasters or other catastrophic events may cause damage or disruption to our operations, international commerce and the global economy, and thus could have a strong negative effect on us. Our business operations may be subject to interruption by natural disasters, fire, power shortages, pandemics and other events beyond our control. Although we maintain crisis management and disaster response plans, such events could make it difficult or impossible for us to deliver our services to our clients and could decrease demand for our services.

**RISKS RELATED TO INTELLECTUAL PROPERTY AND INFORMATION TECHNOLOGY** 

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***Our failure to adequately protect our intellectual property rights could diminish the value of our products, weaken our competitive position and reduce our revenue, and infringement claims asserted against us or by us, could have a material adverse effect.***

We regard the protection of our intellectual property, which includes trade secrets, copyrights, trademarks and domain names, as critical to our success. We strive to protect our intellectual property rights by relying on federal, state and common law rights, as well as contractual restrictions. We enter into confidentiality agreements with our employees, contractors, and parties with whom we conduct business in order to limit access to, and disclosure and use of, our proprietary information. However, these contractual arrangements and the other steps we have taken to protect our intellectual property may not prevent the misappropriation of our proprietary information or deter independent development of similar technologies by others.

We have registered domain names and trademarks in the United States. Effective trade secret, copyright, trademark, and domain name protection is expensive to develop and maintain, both in terms of initial and ongoing registration requirements and the costs of defending our rights, and we may not be successful in defending our rights in all scenarios.

Monitoring unauthorized use of our intellectual property is difficult and costly. Our efforts to protect our proprietary rights may not be adequate to prevent misappropriation of our intellectual property. Further, we may not be able to detect unauthorized use of, or take appropriate steps to enforce, our intellectual property rights. In addition, our competitors may independently develop similar technology. The laws in the United States and elsewhere change rapidly, and any future changes could adversely affect us and our intellectual property. Our failure to meaningfully protect our intellectual property could result in competitors offering services that incorporate our most technologically advanced features, which could seriously reduce demand for our products. In addition, we may in the future need to initiate infringement claims or litigation. Litigation, whether we are a plaintiff or a defendant, can be expensive, time-consuming and may divert the efforts of our technical staff and managerial personnel, which could harm our business, whether or not such litigation results in a determination that is unfavorable to us. In addition, litigation is inherently uncertain, and thus we may not be able to stop its competitors from infringing upon our intellectual property rights.

***A disruption to our information technology systems could adversely affect our business and reputation***

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Our business relies extensively on cloud technology platforms to serve our clients and to conduct our business. These information technology systems are complex and may, from time to time, get damaged or be subject to performance interruptions from power outages, telecommunications failures, cybersecurity failures and malicious attacks, or other catastrophic events. They may also have design defects, configuration or coding errors, and other vulnerabilities that may be difficult to detect or correct, and which may be outside of our control. If our information technology systems fail to function properly, we could incur substantial repair, recovery or replacement costs and experience data loss and significant liability for disruption of clients' operations, all or any of which could result in material impediments to our ability to conduct business and would damage the market's perception of the reliability and stability of our service offerings.

In addition, an information system disruption could result in us failing to meet our contractual performance standards and obligations, which could subject us to liability, penalties, and contract termination. It also may impact our ability to timely report our results of operations, impairing our ability to meet our financial disclosure obligations as a public company. Any of these events or a combination of several may adversely affect our reputation and financial results.

***Cyberattacks, cyber fraud, and unauthorized data access could harm us or our clients and result in liability, and could adversely affect our business and results of operations.***

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Our business involves the use, storage, and transmission of large volumes of voter data, which may include names, addresses, phone numbers, and inferred political affiliations, among other personal data. Any future unauthorized access or disclosure of voter data could subject us to significant liability under relevant laws or our contracts, and could harm our reputation, resulting in material impacts to our results of operations, loss of future revenue and business opportunities.

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In recent years, there have been an increasing number of high-profile security breaches at companies and government agencies, when hackers, cyber criminals and state actors launch a broad range of ransomware, data exfiltration, and other cyberattacks targeting information technology systems. Information security breaches, computer viruses, service interruption, loss of business data, DDoS (distributed denial of service) attacks, ransomware and other cyberattacks on any of our systems or on our clients' systems, through our channels, have and in the future could disrupt our normal operations, our service offerings, or our corporate functions, impeding our ability to provide critical services to our clients and financial reporting of our results of operations. Techniques used by cyber criminals to obtain unauthorized access, disable or degrade services, or sabotage systems evolve frequently and may not immediately be detected, and we may be unable to implement adequate preventative measures.

Cybersecurity events may have cascading effects that unfold over time and result in additional costs, including costs associated with investigations, government enforcement actions, regulatory inquiries, fines and penalties, contractual claims, litigation, financial judgement or settlements in excess of insurance, disputes with insurance carriers concerning coverage and the availability of cyber insurance in the future, loss of clients' trust, future business cancelations and other losses. Any client perception that our systems or the information system environments that we support for our clients are not sufficiently secure could result in a material loss of business and revenue and could damage our reputation and competitiveness.

***We are dependent on the continued availability of third-party hosting and transmission services. Operational issues with, or changes to the costs of, our third-party data center providers could harm our business, reputation or results of operations.***

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We currently serve the majority of our platform functions from third-party data center hosting facilities, and we primarily use shared servers in such facilities. We are dependent on these third parties to provide continuous power, cooling, Internet connectivity and physical and technological security for our servers, and our operations depend, in part, on their ability to protect these facilities against any damage or interruption from natural disasters, such as earthquakes and hurricanes, power or telecommunication failures, criminal acts, and similar events. In the event that any of our third-party facilities arrangements are terminated, or if there is a lapse of service or damage to a facility, we could experience interruptions in our platform as well as delays and additional expenses in arranging new facilities and services.

Any damage to, or failure of, the systems of our third-party providers could result in interruptions to our platform. Despite precautions taken at our data centers, the occurrence of spikes in usage volume, a natural disaster, such as an earthquake or hurricane, an act of terrorism, vandalism or sabotage, a decision to close a facility without adequate notice, or other unanticipated problems at a facility could result in lengthy interruptions in the availability of our platform. Even with current and planned disaster recovery arrangements, our business could be harmed. Also, in the event of damage or interruption, our insurance policies may not adequately compensate us for any losses that we may incur. These factors in turn could further reduce our revenue, subject us to liability and cause us to issue credits or cause customers to stop using our platform, any of which could materially and adversely affect our business.

We incur significant costs with our third-party data hosting services. If the costs for such services increase due to vendor consolidation, regulations, contract renegotiation, or otherwise, we may not be able to increase the fees for our products and services to cover the changes. As a result, our operating results may be significantly worse than forecasted.

***If the non-proprietary technology, software, products and services that we use are unavailable, have future contractual terms we cannot agree to, or do not perform as we expect, our business, operating results and financial condition could be harmed.***

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We depend on various technology, software, products and services from third parties or available as open source, including for critical features and functionality of our platform and tools, payment processing, payroll and other professional services. Identifying, negotiating, complying with, and integrating with third-party terms and technology are complex, costly and time-consuming matters. Failure by third-party providers to maintain, support or secure their technology either generally or for our accounts specifically, or downtime, errors or defects in their products or services, could materially and adversely impact our platform, our administrative obligations or other areas of our business. Having to replace any third-party providers or their technology, products or services could result in outages or difficulties in our ability to provide our services.

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***We may not be able to find suitable software developers at an acceptable cost or at all.***

We currently rely on certain key developers in the coding and maintenance of our software. We will continue to require such expertise in the future. Due to the current demand for skilled software developers, we run the risk of not being able to find or retain suitable and qualified personnel at an acceptable price, or at all. Without these developers, we may not be able to further develop and maintain our software, which may materially affect our service offerings and in our business operations.

**RISKS RELATED TO GOVERNMENT REGULATIONS**

***Changes in legislative, judicial, regulatory, or cultural environments relating to information collection, use and processing may limit our ability to collect, use and process data. Such developments could cause revenue to decline, increase the cost of data, reduce the availability of data and adversely affect the demand for*** *our **products and services.***

We receive, store and process certain personal information about voters and other data from and about our clients, employees, and service providers. Our handling of this data is subject to a wide variety of federal, state, and foreign laws and regulations and is subject to regulations by various government authorities and consumer actions. Our data handling is also subject to contractual obligations and may be deemed to be subject to industry standards.

The U.S. federal and various state and foreign governments have adopted or proposed laws relating to the collection, disclosure, processing, use, storage and security of data relating to individuals and households, including the use of contact information and other data for marketing, advertising and other communications with individuals and businesses. In the U.S., various laws and regulations apply to the collection, disclosure, processing, use, storage and security of certain types of data. Additionally, the FTC, many state attorneys general, and many courts are interpreting federal and state consumer protection laws as imposing standards for the collection, disclosure, process, use, storage and security of data. The regulatory framework for data privacy issues worldwide is complex, continually evolving and often conflicting, and is likely to remain uncertain for the foreseeable future. The occurrence of unanticipated events often rapidly drives the adoption of legislation or regulation affecting the use, collection or other processing of data and the manner in which we conduct our business. As a result, further restrictions could be placed upon the collection, disclosure, processing, use, storage and security of information, which could result in a material increase in the cost of obtaining certain kinds of data and could limit the ways in which we may collect, disclose, process, use, store or secure information.

U.S. federal and state legislatures, along with federal regulatory authorities, have recently increased their focus on matters concerning the collection and use of consumer data, including relating to interest- based advertising, or the use of data to draw inferences about a user's interests and deliver relevant advertising to that user, and similar or related practices, such as cross-device data collection and aggregation, and steps taken to de-identify personal data and to use and distribute the resulting data, including for purposes of personalization and the targeting of advertisements. In the U.S., non-sensitive consumer data generally may be used under current rules and regulations, subject to certain restrictions, including relating to transparency and affirmative "opt-out" rights of the collection or use of such data in certain instances. To the extent additional opt-out rights are made available in the U.S., additional regulations are imposed, or if an "opt-in" model were to be adopted, less data would be available, the cost of data and compliance would be higher, or we could be required to modify our data processing practices and policies. For example, California recently enacted legislation, the California Consumer Privacy Act ("CCPA"), that became operative on January 1, 2020, and came under California Attorney General ("AG") enforcement on July 1, 2020. The CCPA requires covered companies to, among other things, provide new disclosures to California consumers and grant such consumers a new right to opt-out of "sales" of personal information, a concept that is defined broadly. The CCPA is also subject to regulations issued by the California AG, which were finalized and became effective in August 2020. The California Privacy Rights and Enforcement Act ("CPRA"), which was passed as a ballot initiative in November 2020 and came into effect on January 1, 2023, expanded upon the CCPA and, among other things, created new categories of personal information with additional protections, created new data subject rights such as a right of correction, created a new state rulemaking and enforcement agency for the CPRA, and expands potential liability for violations. The CPRA also gives California consumers a new right to opt-out of "sharing" consumer data, which is defined to include any data transfer for the purpose of cross-context behavioral advertising. Other states—Colorado, Connecticut, Iowa, Oregon, Montana, Utah, Virginia, and Texas —have passed similar comprehensive privacy laws containing similar opt-out rights, which are either already in effect or will take effect this year. It remains unclear how aspects of the CCPA (as amended by the CPRA), its implementing regulations, or the current and pending laws in other states will be interpreted. We cannot yet fully predict the impact of these laws on our business or operations, but it or future federal or state laws or regulations (particularly any regulations using an "opt-in" model or imposing "universal" or automated opt-out rights) could require us or our clients to modify data processing practices and policies and to incur substantial costs and expenses in an effort to comply. Decreased availability and increased costs of information and costs of compliance could adversely affect our ability to meet our clients' expectations and requirements and could result in decreased revenue. In addition, we may be required to comply with various other state privacy laws as they are written and enacted, if and when applicable.

We are also bound by other contractual obligations related to data privacy and security, and our efforts to comply with such obligations may not be successful. We publish privacy policies, marketing materials, and other statements concerning data privacy and security. Regulators in the United States are increasingly scrutinizing these statements, and if these are found to be deficient, lacking in transparency, deceptive, unfair, misleading, or misrepresentative of our practices, we may be subject to investigation, enforcement actions by regulators, or other adverse consequences.

Because the interpretation and application of privacy and data protection laws, regulations and standards are uncertain, it is possible that these laws, regulations and standards may be interpreted and applied in manners that are, or are asserted to be, inconsistent with our data management practices or the technological features of our products and services. If so, in addition to the possibility of fines, investigations, lawsuits and other claims and proceedings, it may be necessary or desirable for us to fundamentally change our business activities and practices or modify our products and services, which could have an adverse effect on our business. We may be unable to make such changes or modifications in a commercially reasonable manner or at all. Any inability to adequately address privacy concerns, even if unfounded, or any actual or perceived failure to comply with applicable privacy or data protection laws, regulations, standards or policies, could result in additional cost and liability to us, damage our reputation, inhibit sales and harm our business. Furthermore, the costs of compliance with, and other burdens imposed by, the laws, regulations, standards and policies that are applicable to the businesses of our customers may limit the use and adoption of, and reduce the overall demand for, our platform. Privacy concerns, whether valid or not valid, may inhibit market adoption of our platform particularly in certain industries and foreign countries.

Adapting our business to and complying with the CCPA and other U.S. state privacy laws and could continue to involve substantial expense and may cause us to divert resources from other aspects of our operations, all of which may adversely affect our business. We cannot control or predict the pace or effectiveness of such adaptation, and we cannot currently predict the impact such changes may have on our business. Any upcoming and evolving laws and regulations around data privacy could result in increased operating expenses or increase our exposure to the risk of litigation or regulatory inquiries or proceedings.

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***We are subject to regulation with respect to political campaign activities, which lacks clarity and uniformity.***

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We are subject to regulation with respect to political campaign activities, which are governed by various federal laws enforced by the Federal Election Commission ("FEC") as well as state and local laws. These regulations govern matters ranging from advertisement disclaimers to financial reporting requirements, and their application to modern digital communications can be unclear. In some jurisdictions, we may determine not to facilitate voter contact due to uncertainty around applicable regulation and potential burdens of compliance, and we may be forced to suspend operations in response to new or evolving regulations. The lack of uniformity across jurisdictions and increasing compliance requirements around political campaigning and advertising may increase our operating and compliance costs and subject us to potential liability from regulatory agencies.

***Our business is dependent on text messaging and voice communication channels, and our access to these channels could be limited by regulatory or industry actions, including from mobile network operators or designers of mobile operating systems.***

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Our business is dependent on our ability to send high volumes of political communications, primarily through text messages and voice broadcasts, to voters on behalf of our clients. Mobile network operators and intermediary service providers can, and often do, implement network-level measures that may block, delay, or otherwise restrict the delivery of these communications. Future actions by these third parties to block our messages, impose additional fees, or otherwise limit our access to their networks could harm our business and ability to effectively serve our clients.

Communications that we distribute on our platform are subject to regulations from the U.S. Federal Communications Commission ("FCC") and the Telephone Consumer Protection Act ("TCPA"). While our peer-to-peer (P2P) text messaging platform is designed to be compliant with current FCC regulations, it is not aligned with certain best practices established by the Cellular Communications Industry Association ("CTIA"), a wireless industry trade association. Because mobile carriers often adopt CTIA guidelines as the basis for their network filtering policies, there is a risk that messages sent via our P2P platform could be subject to increased filtering or blocking, which would reduce deliverability, as well as resulting in increased per-message cost, including the potential imposition of penalty fees. If carriers further align their network policies with CTIA guidelines or preferences, we may be required to transition our clients to different messaging solutions that could be more costly and less effective, which would adversely affect our business. Additionally, changes to mobile operating systems that affect how text messages are received and displayed on user's devices may decrease the visibility of messages sent using our platform, which would adversely affect demand for our services.

We utilize third-party service providers for the delivery of text messages and voice broadcasts. If we were unable to use any one of our current service providers, alternate providers are available; however, we believe our revenue could be impacted for some period as we transition to a new provider, and the new provider may be unable to provide equivalent or satisfactory services. Any disruption or restriction on the distribution of our communications, termination or disruption of our relationships with our third-party service providers or any increase in the associated costs, may be beyond our control and would adversely affect our business.

***Individuals may claim our calling or text messaging services are subject to, and are not compliant with, the Telephone Consumer Protection Act or similar state laws.***

Our clients may use our platform to place various SMS/MMS messages and calls to potential voters. There are a number of federal and state statutes and regulations that govern certain of these telecommunications, including the TCPA, the Telemarketing Sales Rule ("TSR"), and various state laws similar in scope to the TCPA and TSR. The FCC and the FTC have responsibility for regulating various aspects of some of the TCPA, TSR and other federal laws. For calls and texts for telemarketing purposes, the TCPA requires callers to obtain prior express written consent from the call recipient and to adhere to "do-not-call" registry requirements which, in part, mandate that callers maintain and regularly update lists of consumers who have chosen not to be called and restrict calls to consumers who are on the national do-not-call list. Florida, Oklahoma and other states also have mini-TCPA and other similar consumer protection laws regulating calls and texts directed to their residents. As currently construed, the TCPA does not distinguish between voice and data, and, as such, text and SMS/MMS messages are also "calls" for the purpose of TCPA (and, in some cases, state mini-TCPA) obligations and restrictions.

For violations of the TCPA, the law provides for a private right of action under which a plaintiff may recover monetary damages of $500 for each call or text made in violation of the prohibitions on certain calls made using an artificial or pre-recorded voice or an automatic telephone dialing systems and certain calls made to numbers properly registered on the federal "do-not-call" list. A court may treble the $500 amount upon a finding of a willful or knowing violation. There is no statutory cap on maximum aggregate exposure (although some courts have applied in TCPA class actions constitutional limits on excessive penalties). An action may be brought by the FCC, a state attorney general, an individual, or a class of individuals. As with the TCPA, Florida's mini-TCPA, for example, restricts certain calls and calls and texts made using an automated system to Florida residents without prior consent, allows a plaintiff to obtain $500 for each call or text made in violation of its prohibitions, and permits a court to treble the $500 amount for willful or knowing violations of the statute.

The TCPA, TSR, mini-TCPA laws and other similar state laws are subject to interpretations that may change. We regularly evaluate how they may apply to our business and operate a P2P messaging system that we believe fully complies with the FCC's interpretation of the TCPA. The FCC, FTC, a state attorney general or other regulator, or a court, however, may disagree with our interpretation of these laws and conclude that we are not in compliance and impose damages, civil penalties and other consequences upon us as a result. Determination by a court or regulatory agency that our services did not comply may also invalidate all or portions of some of our client contracts, could require us to change or terminate some portions of our business, could require us to refund portions of our services fees, and could have an adverse effect on our business. Further, we could be subject to putative class action lawsuits alleging violations of the TCPA, state mini-TCPA laws and other similar state laws. Our call and SMS/MMS messaging services are potential sources of risk for class action lawsuits and liability for us. Numerous class-action suits under federal and state laws have been filed in recent years against companies who conduct call and SMS/MMS messaging programs, with many resulting in multi-million- dollar settlements to the plaintiffs. Even an unsuccessful challenge by consumers or regulatory authorities of our activities could result in adverse publicity and could require a costly response from us.

If in the future we are found to have violated such laws in a class action, the amount of damages and potential liability could be extensive and adversely impact our business. Accordingly, were such a class certified or if we are unable to successfully defend such a suit, then the damages could have a material adverse effect on our results of operations and financial condition.

***Artificial intelligence ("AI") presents risks and challenges that can impact our business, including by posing security risks to our confidential information, proprietary information and personal data.***

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Issues in the development and use of artificial intelligence, combined with an uncertain regulatory environment, may result in reputational harm, liability or other adverse consequences to our business operations. As with many technological innovations, AI presents risks and challenges that could impact our business. We or our clients currently incorporate a limited number of AI technologies into certain of our products, and we may continue to adopt and integrate AI, including generative AI, into our products in the future for specific use cases. If we, our vendors, or our third-party partners experience an actual or perceived data breach or cybersecurity incident because of the use of generative AI, we may lose valuable intellectual property, personal data and/or confidential information, and our reputation and the public perception of the effectiveness of our security measures could be harmed. Further, bad actors around the world use increasingly sophisticated methods, including the use of AI, to engage in illegal activities involving the theft and misuse of personal information, confidential information, and intellectual property. Any of these outcomes could damage our reputation, subject us to legal liability, result in the loss of valuable property and information, and adversely impact our business.

The rapid evolution of artificial intelligence will require the application of significant resources to design, develop, test and maintain such systems to help ensure that artificial intelligence is implemented in accordance with applicable law and regulation and in a socially responsible manner and to minimize any real or perceived unintended harmful impacts. The use of certain artificial intelligence technologies can also give rise to intellectual property risks, including by disclosing or otherwise compromising our confidential or proprietary intellectual property, or by undermining our ability to assert or defend ownership rights in intellectual property created with the assistance of artificial intelligence tools. Our vendors may in turn incorporate artificial intelligence tools into their offerings, and the providers of these artificial intelligence tools may not meet existing or rapidly evolving regulatory or industry standards, including with respect to privacy and data security.

A growing number of legislators and regulators are adopting laws and regulations and have focused enforcement efforts on the adoption of artificial intelligence and the use of such technologies in compliance with ethical standards and societal expectations. These developments may increase our compliance burden and costs in connection with the use of artificial intelligence and lead to legal liability if we fail to meet evolving legal standards or if use of such technologies results in harms or other causes of action we did not predict. For example, several states, including Colorado and California, passed laws that will take effect in 2026 to regulate various uses of artificial intelligence, including to make consequential decisions. In addition, various federal regulators have issued guidance and focused enforcement efforts on the use of AI in regulated sectors. If we develop or use AI systems governed by these laws or regulations, we will need to meet higher standards of data quality, transparency, monitoring and human oversight, and we would need to adhere to specific and potentially burdensome and costly ethical, accountability, and administrative requirements, with the potential for significant enforcement or litigation in the event of any perceived non-compliance. Any of these effects could damage our reputation, result in the loss of valuable property and information, cause us to breach applicable laws and regulations, and adversely impact our business.

In addition, our competitive position could be harmed if we fail to adopt and integrate AI effectively into our operations and product offerings. Misjudging the convergence of AI with our business needs may lead to inefficiencies or obsolescence of our services or products. Additionally, AI systems can present risks of unintended bias, errors, or regulatory compliance challenges that could affect our reputation and legal standing. For example, creating or implementing AI-enabled products may contain errors or inadequacies that are not easily detectable may result in these products not operating properly or as we expect them to. If the recommendations, analyses or other content incorporated into or produced by such products are (or are perceived to be) deficient, biased or inaccurate, we could be subject to competitive harm, potential legal liability and brand or reputational harm. Our future success will depend, in part, on our ability to leverage AI responsibly and effectively.

**RISKS RELATED TO OUR BITCOIN STRATEGY AND HOLDINGS**

***Our bitcoin strategy will expose us to various risks associated with bitcoin.***

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Our bitcoin strategy will expose us to various risks, including the following:

*Bitcoin is a highly volatile asset.* Bitcoin is a highly volatile asset that has traded below $60,000 per bitcoin and above $123,000 per bitcoin on the Coinbase exchange (our principal market for bitcoin) in the 12 months preceding the date of this Offering Circular. The trading price of bitcoin significantly decreased during prior periods, and such declines may occur again in the future.

*Bitcoin does not pay interest or dividends.* Bitcoin does not pay interest or other returns and we will only generate cash from our bitcoin holdings if we sell our bitcoin or implement strategies to create income streams or otherwise generate cash by using our bitcoin holdings. Even if we pursue any such strategies, we may be unable to create income streams or otherwise generate cash from our bitcoin holdings, and any such strategies may subject us to additional risks.

*Our bitcoin holdings may significantly impact our financial results.* Our bitcoin holdings may significantly affect our financial results and with an increasing impact on our financial results. See "*Risks Related to Our Bitcoin Strategy and Holdings – Our historical financial statements do not reflect the potential variability in earnings that we may experience in the future relating to our bitcoin holdings.*"

*Our assets could be concentrated in bitcoin.* Our treasury reserve policy currently allows for a significant portion of our treasury assets to be concentrated in our bitcoin holdings. The concentration of our assets in bitcoin will limit our ability to mitigate risk that could otherwise be achieved by holding a more diversified portfolio of treasury assets.

*We may purchase bitcoin using proceeds from equity and debt financings.* We do not intend to purchase bitcoin using the proceeds from this offering. To the extent that we do not fund our bitcoin purchases with cash from operating activities, our ability to achieve the objectives of our bitcoin strategy may depend in significant part on our ability to obtain equity and debt financing. If we are unable to obtain equity or debt financing on favorable terms or at all, we may not be able to successfully execute our bitcoin strategy.

*Our bitcoin strategy has not been tested over an extended period of time or under different market conditions.* We are continually examining the risks and rewards of our strategy to acquire and hold bitcoin. This strategy has not been tested over an extended period of time or under different market conditions. For example, although we believe bitcoin, due to its limited supply, has the potential to serve as a hedge against inflation in the long term, the short-term price of bitcoin declined in certain recent periods during which the inflation rate increased. If bitcoin prices were to decrease or our bitcoin strategy otherwise proves unsuccessful, our financial condition, results of operations, and the price of our securities could be materially adversely impacted.

*We are subject to counterparty risks, including in particular risks relating to our custodians.* Although we have implemented various measures that are designed to mitigate our counterparty risks, including by entering into agreements to store substantially all of the bitcoin we own in custody accounts at U.S.-based, institutional-grade custodians and negotiating contractual arrangements intended to establish that our property interest in custodially-held bitcoin is not subject to claims of our custodians' creditors, applicable insolvency law is not fully developed with respect to the holding of digital assets in custodial accounts. If our custodially-held bitcoin were nevertheless considered to be the property of our custodians' estates in the event that any such custodians were to enter bankruptcy, receivership or similar insolvency proceedings, we could be treated as a general unsecured creditor of such custodians, inhibiting our ability to exercise ownership rights with respect to such bitcoin, or delaying or hindering our access to our bitcoin holdings, and this may ultimately result in the loss of the value related to some or all of such bitcoin, which could have a material adverse effect on our financial condition as well as the price of our securities.

*The broader digital assets industry is subject to counterparty risks, which could adversely impact the adoption rate, price, and use of bitcoin.* A series of recent high-profile bankruptcies, closures, liquidations, regulatory enforcement actions and other events relating to companies operating in the digital asset industry have highlighted the counterparty risks applicable to owning and transacting in digital assets. Although these bankruptcies, closures, liquidations and other events have not affected us, they have, in the short-term, likely negatively impacted the adoption rate and use of bitcoin. Additional bankruptcies, closures, liquidations, regulatory enforcement actions or other events involving participants in the digital assets industry in the future may further negatively impact the adoption rate, price, and use of bitcoin, limit the availability to us of financing collateralized by bitcoin, or create or expose additional counterparty risks.

 

*Changes in the accounting treatment of our bitcoin holdings could have significant accounting impacts, including increasing the volatility of our results.* We have adopted ASU 2023-08 as of January 1, 2025, which requires us to measure our bitcoin holdings at fair value in our statement of financial position, and to recognize gains and losses from changes in the fair value of our bitcoin in net income each reporting period beginning January 1, 2025. ASU 2023-08 also requires us to provide certain interim and annual disclosures with respect to our bitcoin holdings. Due in particular to the volatility in the price of bitcoin, we expect the adoption of ASU 2023-08 to have a material impact on our financial results in future periods, increase the volatility of our financial results, and affect the carrying value of bitcoin on our balance sheet. These impacts could in turn have a material adverse effect on our financial results.

The broader digital assets industry, including the technology associated with digital assets, the rate of adoption and development of, and use cases for, digital assets, market perception of digital assets, and the legal, regulatory, and accounting treatment of digital assets are constantly developing and changing, and there may be additional risks in the future that are not possible to predict.

***Bitcoin is a highly volatile asset, and fluctuations in the price of bitcoin may influence our financial results***.

Bitcoin is a highly volatile asset, and fluctuations in the price of bitcoin have in the past influenced and are likely to continue to influence our financial results. Our financial results would be adversely affected, and our business and financial condition would be negatively impacted, if the price of bitcoin decreased substantially (as it has in the past), including as a result of:

● decreased user and investor confidence in bitcoin, including due to the various factors described herein;

● investment and trading activities, such as (i) trading activities of highly active retail and institutional users, speculators, miners and investors; (ii) actual or expected significant dispositions of bitcoin by large holders, including the expected liquidation of digital assets associated with entities that have filed for bankruptcy protection and the transfer and sale of bitcoins associated with significant hacks, seizures, or forfeitures; and (iii) actual or perceived manipulation of the spot or derivative markets for bitcoin or spot bitcoin exchange-traded products ("ETPs");

● negative publicity, media or social media coverage, or sentiment due to events in or relating to, or perception of, bitcoin or the broader digital assets industry;

● changes in consumer preferences and the perceived value or prospects of bitcoin;

● competition from other digital assets that exhibit better speed, security, scalability, or energy efficiency, that feature other more favored characteristics, that are backed by governments, including the U.S. government, or reserves of fiat currencies, or that represent ownership or security interests in physical assets;

● a decrease in the price of other digital assets, including stablecoins, or the crash or unavailability of stablecoins that are used as a medium of exchange for bitcoin purchase and sale transactions, to the extent the decrease in the price of such other digital assets or the unavailability of such stablecoins may cause a decrease in the price of bitcoin or adversely affect investor confidence in digital assets generally;

● the identification of Satoshi Nakamoto, the pseudonymous person or persons who developed bitcoin, or the transfer of substantial amounts of bitcoin from bitcoin wallets attributed to Mr. Nakamoto;

● developments relating to the Bitcoin protocol, including (i) changes to the Bitcoin protocol that impact its security, speed, scalability, usability, or value, such as changes to the cryptographic security protocol underpinning the Bitcoin blockchain, changes to the maximum number of bitcoin outstanding, changes to the mutability of transactions, changes relating to the size of blockchain blocks, and similar changes, (ii) failures to make upgrades to the Bitcoin protocol to adapt to security, technological, legal or other challenges, and (iii) changes to the Bitcoin protocol that introduce software bugs, security risks or other elements that adversely affect bitcoin;

● disruptions, failures, unavailability, or interruptions in service of trading venues for bitcoin;

● the filing for bankruptcy protection by, liquidation of, or market concerns about the financial viability of digital asset custodians, trading venues, lending platforms, investment funds, or other digital asset industry participants;

● regulatory, legislative, enforcement and judicial actions that adversely affect the price, ownership, transferability, trading volumes, legality or public perception of bitcoin, or that adversely affect the operations of or otherwise prevent digital asset custodians, trading venues, lending platforms or other digital assets industry participants from operating in a manner that allows them to continue to deliver services to the digital assets industry;

● further reductions in mining rewards of bitcoin, including due to block reward halving events, which are events that occur after a specific period of time that reduce the block reward earned by "miners" who validate bitcoin transactions, or increases in the costs associated with bitcoin mining, including increases in electricity costs and hardware and software used in mining, or new or enhanced regulation or taxation of bitcoin mining, which could further increase the costs associated with bitcoin mining, any of which may cause a decline in support for the Bitcoin network;

● transaction congestion and fees associated with processing transactions on the Bitcoin network;

● macroeconomic changes, such as changes in the level of interest rates and inflation, fiscal and monetary policies of governments, trade restrictions, and fiat currency devaluations;

● developments in mathematics or technology, including in digital computing, algebraic geometry and quantum computing, that could result in the cryptography used by the Bitcoin blockchain becoming insecure or ineffective; and

● changes in national and international economic and political conditions, including, without limitation, federal government policies, trade tariffs and trade disputes, and the adverse impacts attributable to global conflict.

 **

***Bitcoin and other digital assets are novel assets, and are subject to significant legal, commercial, regulatory and technical uncertainty.***

 **

Bitcoin and other digital assets are relatively novel and are subject to significant uncertainty, which could adversely impact their price. The application of state and federal securities laws and other laws and regulations to digital assets is unclear in certain respects, and it is possible that regulators in the United States or foreign countries may interpret or apply existing laws and regulations in a manner that adversely affects the price of bitcoin or the ability of individuals or institutions such as us to own or transfer bitcoin.

The U.S. federal government, states, regulatory agencies, and foreign countries may also enact new laws and regulations, or pursue regulatory, legislative, enforcement or judicial actions, that could materially impact the price of bitcoin or the ability of individuals or institutions such as us to own or transfer bitcoin.

It is not possible to predict whether, or when, new laws will be enacted that change the legal framework governing digital assets or provide additional authorities to the SEC or other regulators, or whether, or when, any other federal, state or foreign legislative bodies will take any similar actions. It is also not possible to predict the nature of any such additional laws or authorities, how additional legislation or regulatory oversight might impact the ability of digital asset markets to function, the willingness of financial and other institutions to continue to provide services to the digital assets industry, or how any new laws or regulations, or changes to existing laws or regulations, might impact the value of digital assets generally and bitcoin specifically. The consequences of any new law or regulation relating to digital assets and digital asset activities could adversely affect the market price of bitcoin, as well as our ability to hold or transact in bitcoin, and in turn adversely affect the price of our securities.

Moreover, the risks of engaging in a bitcoin strategy are relatively novel and have created, and could continue to create, complications due to the lack of experience that third parties have with companies engaging in such a strategy, such as increased costs of director and officer liability insurance or the potential inability to obtain such coverage on acceptable terms in the future.

The growth of the digital assets industry in general, and the use and acceptance of bitcoin in particular, may also impact the price of bitcoin and is subject to a high degree of uncertainty. The pace of worldwide growth in the adoption and use of bitcoin may depend, for instance, on public familiarity with digital assets, ease of buying, accessing or gaining exposure to bitcoin, institutional demand for bitcoin as an investment asset, the participation of traditional financial institutions in the digital assets industry, consumer demand for bitcoin as a store of value or means of payment, and the availability and popularity of alternatives to bitcoin. Even if growth in bitcoin adoption occurs in the near or medium-term, there is no assurance that bitcoin usage will continue to grow over the long-term.

Because bitcoin has no physical existence beyond the record of transactions on the Bitcoin blockchain, a variety of technical factors related to the Bitcoin blockchain could also impact the price of bitcoin. For example, malicious attacks by miners, inadequate mining fees to incentivize validating of bitcoin transactions, hard "forks" of the Bitcoin blockchain into multiple blockchains, and advances in digital computing, algebraic geometry, and quantum computing could undercut the integrity of the Bitcoin blockchain and negatively affect the price of bitcoin. The liquidity of bitcoin may also be reduced and damage to the public perception of bitcoin may occur, if financial institutions were to deny or limit banking services to businesses that hold bitcoin, provide bitcoin-related services or accept bitcoin as payment, which could also decrease the price of bitcoin. Actions by U.S. banking regulators have in the past resulted in or contributed to reductions in access to banking services for bitcoin-related customers and service providers, or the willingness of traditional financial institution to participate in markets for digital assets. The liquidity of bitcoin may also be impacted to the extent that changes in applicable laws and regulatory requirements negatively impact the ability of exchanges and trading venues to provide services for bitcoin and other digital assets.

***Our historical financial statements do not reflect the potential variability in earnings that we may experience in the future relating to our bitcoin holdings.***

Our historical financial statements do not fully reflect the potential variability in earnings that we may experience in the future from holding or selling significant amounts of bitcoin. The price of bitcoin has historically been subject to dramatic price fluctuations and is highly volatile. In December 2023, the FASB issued ASU 2023-08, which we adopted as of January 1, 2025. ASU 2023-08 requires us to measure our bitcoin holdings at fair value in our statement of financial position, and to recognize gains and losses from changes in the fair value of our bitcoin in net income each reporting period. ASU 2023-08 also requires us to provide certain interim and annual disclosures with respect to our bitcoin holdings. We determine the fair value of our bitcoin based on quoted (unadjusted) prices on the Coinbase exchange (our principal market for bitcoin).

Because we intend to purchase bitcoin in future periods and increase our overall holdings of bitcoin, we expect that the proportion of our total assets represented by our bitcoin holdings will increase in the future. As a result, and in particular due to our adoption of ASU 2023-08, volatility in our earnings may be significantly more than what we experienced in prior periods.

***Our bitcoin strategy subjects us to enhanced regulatory oversight.***

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As noted above, several spot bitcoin ETPs have received approval from the SEC to list their shares on a U.S. NSE with continuous share creation and redemption at net asset value. Even though we are not, and do not function in the manner of, a spot bitcoin ETP, it is possible that we nevertheless could face regulatory scrutiny from the SEC or other federal or state agencies due to our bitcoin holdings.

In addition, there has been increasing focus on the extent to which digital assets can be used to launder the proceeds of illegal activities, fund criminal or terrorist activities, or circumvent sanctions regimes, including those sanctions imposed in response to the ongoing conflict between Russia and Ukraine. While we have implemented and maintain policies and procedures reasonably designed to promote compliance with applicable anti-money laundering and sanctions laws and regulations and take care to only acquire our bitcoin through entities subject to anti-money laundering regulation and related compliance rules in the United States, if we are found to have purchased any of our bitcoin from bad actors that have used bitcoin to launder money or persons subject to sanctions, we may be subject to regulatory proceedings and any further transactions or dealings in bitcoin by us may be restricted or prohibited.

Although we did not have bitcoin holdings that could serve as collateral securing any of our outstanding indebtedness as of December 31, 2024, we may incur indebtedness or enter into other financial instruments in the future that may be collateralized by our bitcoin holdings. We may also consider pursuing strategies to create income streams or otherwise generate funds using our bitcoin holdings. These types of bitcoin-related transactions are the subject of enhanced regulatory oversight. These and any other bitcoin-related transactions we may enter into, beyond simply acquiring and holding bitcoin, may subject us to additional regulatory compliance requirements and scrutiny, including under federal and state money services regulations, money transmitter licensing requirements and various commodity and securities laws and regulations.

In addition, private actors that are wary of bitcoin or the regulatory concerns associated with bitcoin have in the past taken and may in the future take further actions that may have an adverse effect on our business.

***Due to the unregulated nature and lack of transparency surrounding the operations of many bitcoin trading venues, bitcoin trading venues may experience greater fraud, security failures or regulatory or operational problems than trading venues for more established asset classes, which may result in a loss of confidence in bitcoin trading venues and adversely affect the value of our bitcoin.***

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Bitcoin trading venues are relatively new and, in many cases, unregulated. Furthermore, there are many bitcoin trading venues which do not provide the public with significant information regarding their ownership structure, management teams, corporate practices and regulatory compliance. As a result, the marketplace may lose confidence in bitcoin trading venues, including prominent exchanges that handle a significant volume of bitcoin trading and/or are subject to regulatory oversight, in the event one or more bitcoin trading venues cease or pause for a prolonged period the trading of bitcoin or other digital assets, or experience fraud, significant volumes of withdrawal, security failures or operational problems.

In 2019 there were reports claiming that 80-95% of bitcoin trading volume on trading venues was false or non-economic in nature, with specific focus on unregulated exchanges located outside of the United States. The SEC also alleged as part of its June 5, 2023 complaint against Binance Holdings Ltd. that Binance committed strategic and targeted "wash trading" through its affiliates to artificially inflate the volume of certain digital assets traded on its exchange. The SEC has also brought recent actions against individuals and digital asset market participants alleging that such persons artificially increased trading volumes in certain digital assets through wash trades, or repeated buying and selling of the same assets in fictitious transactions to manipulate their underlying trading price. Such reports and allegations may indicate that the bitcoin market is significantly smaller than expected and that the United States makes up a significantly larger percentage of the bitcoin market than is commonly understood. Any actual or perceived wash trading in the bitcoin market, and any other fraudulent or manipulative acts and practices, could adversely affect the value of our bitcoin. Negative perception, a lack of stability in the broader bitcoin markets and the closure, temporary shutdown or operational disruption of bitcoin trading venues, lending institutions, institutional investors, institutional miners, custodians, or other major participants in the bitcoin ecosystem, due to fraud, business failure, cybersecurity events, government-mandated regulation, bankruptcy, or for any other reason, may result in a decline in confidence in bitcoin and the broader bitcoin ecosystem and greater volatility in the price of bitcoin. For example, in 2022, each of Celsius Network, Voyager Digital, Three Arrows Capital, FTX, and BlockFi filed for bankruptcy, following which the market prices of bitcoin and other digital assets significantly declined. In addition, in June 2023, the SEC announced enforcement actions against Coinbase, Inc., and Binance Holdings Ltd., two providers of large trading venues for digital assets, which similarly was followed by a decrease in the market price of bitcoin and other digital assets. These were followed in November 2023, by an SEC enforcement action against Payward Inc. and Payward Ventures Inc., together known as Kraken, another large trading venue for digital assets. As we expect the price of our securities may be affected by the value of our bitcoin holdings, the failure of a major participant in the bitcoin ecosystem could have a material adverse effect on the price of our securities.

***The emergence or growth of other digital assets, including those with significant private or public sector backing, could have a negative impact on the price of bitcoin and adversely affect our business.***

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As a result of our bitcoin strategy, our assets may become concentrated in our bitcoin holdings. Accordingly, the emergence or growth of digital assets other than bitcoin may have a material adverse effect on our financial condition. As of December 31, 2024, bitcoin was the largest digital asset by market capitalization. However, there are numerous alternative digital assets and many entities, including consortiums and financial institutions, are researching and investing resources into private or permissioned blockchain platforms or digital assets that do not use proof-of-work mining like the Bitcoin network. For example, in late 2022, the Ethereum network transitioned to a "proof-of-stake" mechanism for validating transactions that requires significantly less computing power than proof-of-work mining. The Ethereum network has completed another major upgrade since then and may undertake additional upgrades in the future. If the mechanisms for validating transactions in Ethereum and other alternative digital assets are perceived as superior to proof-of-work mining, those digital assets could gain market share relative to bitcoin.

Other alternative digital assets that compete with bitcoin in certain ways include "stablecoins," which are designed to maintain a constant price because of, for instance, their issuers' promise to hold high-quality liquid assets (such as U.S. dollar deposits and short-term U.S. treasury securities) equal to the total value of stablecoins in circulation. Stablecoins have grown rapidly as an alternative to bitcoin and other digital assets as a medium of exchange and store of value, particularly on digital asset trading platforms. As of December 31, 2024, two of the eight largest digital assets by market capitalization were U.S. dollar-pegged stablecoins.

Additionally, central banks in some countries have started to introduce digital forms of legal tender. For example, China's CBDC project was made available to consumers in January 2022, and governments including the United States, the United Kingdom, the European Union, and Israel have been discussing the potential creation of new CBDCs. Whether or not they incorporate blockchain or similar technology, CBDCs, as legal tender in the issuing jurisdiction, could also compete with, or replace, bitcoin and other digital assets as a medium of exchange or store of value. As a result, the emergence or growth of these or other digital assets could cause the market price of bitcoin to decrease, which could have a material adverse effect on our business, prospects, financial condition, and operating results.

***Our bitcoin holdings may be less liquid than our existing cash and cash equivalents and may not be able to serve as a source of liquidity for us to the same extent as cash and cash equivalents.***

Historically, the bitcoin market has been characterized by significant volatility in price, limited liquidity and trading volumes compared to sovereign currencies markets, relative anonymity, a developing regulatory landscape, potential susceptibility to market abuse and manipulation, compliance and internal control failures at exchanges, and various other risks inherent in its entirely electronic, virtual form and decentralized network. During times of market instability, we may not be able to sell our bitcoin at favorable prices or at all. For example, a number of bitcoin trading venues temporarily halted deposits and withdrawals in 2022, although the Coinbase exchange (our principal market for bitcoin) has, to date, not done so. As a result, our bitcoin holdings may not be able to serve as a source of liquidity for us to the same extent as cash and cash equivalents. Further, bitcoin we hold with our custodians and transact with our trade execution partners does not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. Additionally, we may be unable to enter into term loans or other capital raising transactions collateralized by our unencumbered bitcoin or otherwise generate funds using our bitcoin holdings, including in particular during times of market instability or when the price of bitcoin has declined significantly. If we are unable to sell our bitcoin, enter into additional capital raising transactions, including capital raising transactions using bitcoin as collateral, or otherwise generate funds using our bitcoin holdings, or if we are forced to sell our bitcoin at a significant loss, in order to meet our working capital requirements, our business and financial condition could be negatively impacted.

***If we or our third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to our bitcoin, or if our private keys are lost or destroyed, or other similar circumstances or events occur, we may lose some or all of our bitcoin and our financial condition and results of operations could be materially adversely affected.***

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Substantially all of the bitcoin we own will be held in custody accounts at institutional-grade digital asset custodians. Security breaches and cyberattacks are of particular concern with respect to our bitcoin. Bitcoin and other blockchain-based cryptocurrencies and the entities that provide services to participants in the bitcoin ecosystem have been, and may in the future be, subject to security breaches, cyberattacks, or other malicious activities. For example, in October 2021 it was reported that hackers exploited a flaw in the account recovery process and stole from the accounts of at least 6,000 customers of the Coinbase exchange (our principal market for bitcoin), although the flaw was subsequently fixed and Coinbase reimbursed affected customers. Similarly, in November 2022, hackers exploited weaknesses in the security architecture of the FTX Trading digital asset exchange and reportedly stole over $400 million in digital assets from customers. A successful security breach or cyberattack could result in:

● a partial or total loss of our bitcoin in a manner that may not be covered by insurance or the liability provisions of the custody agreements with the custodians who hold our bitcoin;

● harm to our reputation and brand;

● improper disclosure of data and violations of applicable data privacy and other laws; or

● significant regulatory scrutiny, investigations, fines, penalties, and other legal, regulatory, contractual and financial exposure.

Further, any actual or perceived data security breach or cybersecurity attack directed at other companies with digital assets or companies that operate digital asset networks, regardless of whether we are directly impacted, could lead to a general loss of confidence in the broader Bitcoin blockchain ecosystem or in the use of the Bitcoin network to conduct financial transactions, which could negatively impact us.

Attacks upon systems across a variety of industries, including industries related to bitcoin, are increasing in frequency, persistence, and sophistication, and, in many cases, are being conducted by sophisticated, well-funded and organized groups and individuals, including state actors. The techniques used to obtain unauthorized, improper or illegal access to systems and information (including personal data and digital assets), disable or degrade services, or sabotage systems are constantly evolving, may be difficult to detect quickly, and often are not recognized or detected until after they have been launched against a target. These attacks may occur on our systems or those of our third-party service providers or partners. We may experience breaches of our security measures due to human error, malfeasance, insider threats, system errors or vulnerabilities or other irregularities. In particular, unauthorized parties have attempted, and we expect that they will continue to attempt, to gain access to our systems and facilities, as well as those of our partners and third-party service providers, through various means, such as hacking, social engineering, phishing and fraud. Threats can come from a variety of sources, including criminal hackers, hacktivists, state-sponsored intrusions, industrial espionage, and insiders. In addition, certain types of attacks could harm us even if our systems are left undisturbed. For example, certain threats are designed to remain dormant or undetectable, sometimes for extended periods of time, or until launched against a target and we may not be able to implement adequate preventative measures. Any future breach of our operations or those of others in the bitcoin industry, including third-party services on which we rely, could materially and adversely affect our business.

***We face risks relating to the custody of our bitcoin, including the loss or destruction of private keys required to access our bitcoin and cyberattacks or other data loss relating to our bitcoin.***

We intend to exclusively hold our bitcoin with regulated custodians that have duties to safeguard our private keys. Our custodial services contracts do not restrict our ability to reallocate our bitcoin among our custodians, and our bitcoin holdings may be concentrated with a single custodian from time to time. We continually seek to engage additional custodians to achieve a greater degree of diversification in the custody of our bitcoin as the extent of potential risk of loss is dependent, in part, on the degree of diversification. If there is a decrease in the availability of digital asset custodians that we believe can safely custody our bitcoin, for example, due to regulatory developments or enforcement actions that cause custodians to discontinue or limit their services in the United States, we may need to enter into agreements that are less favorable than our current agreements or take other measures to custody our bitcoin, and our ability to seek a greater degree of diversification in the use of custodial services would be materially adversely affected.

There can be no guarantee that insurance coverage will be maintained as part of the custodial services we have or that such coverage will cover losses with respect to our bitcoin. Moreover, our use of custodians exposes us to the risk that the bitcoin our custodians hold on our behalf could be subject to insolvency proceedings and we could be treated as a general unsecured creditor of the custodian, inhibiting our ability to exercise ownership rights with respect to such bitcoin. Any loss associated with such insolvency proceedings is unlikely to be covered by any insurance coverage we maintain related to our bitcoin.

Bitcoin is controllable only by the possessor of both the unique public key and private key(s) relating to the local or online digital wallet in which the bitcoin is held. While the Bitcoin blockchain ledger requires a public key relating to a digital wallet to be published when used in a transaction, private keys must be safeguarded and kept private in order to prevent a third party from accessing the bitcoin held in such wallet. To the extent the private key(s) for a digital wallet are lost, destroyed, or otherwise compromised and no backup of the private key(s) is accessible, neither we nor our custodians will be able to access the bitcoin held in the related digital wallet. Furthermore, we cannot provide assurance that our digital wallets, nor the digital wallets of our custodians held on our behalf, will not be compromised as a result of a cyberattack. The bitcoin and blockchain ledger, as well as other digital assets and blockchain technologies, have been, and may in the future be, subject to security breaches, cyberattacks, or other malicious activities.

***We are not subject to legal and regulatory obligations that apply to investment companies such as mutual funds and exchange-traded funds, or to obligations applicable to investment advisers.***

Mutual funds, ETFs and their directors and management are subject to extensive regulation as "investment companies" and "investment advisers" under U.S. federal and state law; this regulation is intended for the benefit and protection of investors. We are not subject to, and do not otherwise voluntarily comply with, these laws and regulations. This means, among other things, that the execution of or changes to our treasury reserve policy or our bitcoin strategy, our use of leverage, the manner in which our bitcoin is custodied, our ability to engage in transactions with affiliated parties and our operating and investment activities generally are not subject to the extensive legal and regulatory requirements and prohibitions that apply to investment companies and investment advisers. For example, although a significant change to our treasury reserve policy would require the approval of our board of directors, no shareholder or regulatory approval would be necessary. Consequently, our board of directors has broad discretion over the investment, leverage and cash management policies it authorizes, whether in respect of our bitcoin holdings or other activities we may pursue, and has the power to change our current policies, including our strategy of acquiring and holding bitcoin.

***Our bitcoin strategy exposes us to risk of non-performance by counterparties.***

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Our bitcoin strategy exposes us to the risk of non-performance by counterparties, whether contractual or otherwise. Risk of non-performance includes inability or refusal of a counterparty to perform because of a deterioration in the counterparty's financial condition and liquidity or for any other reason. For example, our execution partners, custodians, or other counterparties might fail to perform in accordance with the terms of our agreements with them, which could result in a loss of bitcoin, a loss of the opportunity to generate funds, or other losses.

Our primary counterparty risk with respect to our bitcoin is custodian performance obligations under the various custody arrangements we have entered into. A series of recent high-profile bankruptcies, closures, liquidations, regulatory enforcement actions and other events relating to companies operating in the digital asset industry, including the filings for bankruptcy protection by Three Arrows Capital, Celsius Network, Voyager Digital, FTX Trading and Genesis Global Capital, the closure or liquidation of certain financial institutions that provided lending and other services to the digital assets industry, including Signature Bank and Silvergate Bank, SEC enforcement actions against Coinbase, Inc., Binance Holdings Ltd., and Kraken, the placement of Prime Trust, LLC into receivership following a cease-and-desist order issued by Nevada's Department of Business and Industry, and the filing and subsequent settlement of a civil fraud lawsuit by the New York Attorney General against Genesis Global Capital, its parent company Digital Currency Group, Inc., and former partner Gemini Trust Company have highlighted the perceived and actual counterparty risk applicable to digital asset ownership and trading. Although these bankruptcies, closures and liquidations have not resulted in any loss or misappropriation of our bitcoin, nor have such events adversely impacted our access to our bitcoin, legal precedent created in these bankruptcy and other proceedings may increase the risk of future rulings adverse to our interests in the event one or more of our custodians becomes a debtor in a bankruptcy case or is the subject of other liquidation, insolvency or similar proceedings.

While we expect any of our custodians will be subject to regulatory regimes intended to protect customers in the event of a custodial bankruptcy, receivership or similar insolvency proceeding, no assurance can be provided that any custodially-held bitcoin will not become part of the custodian's insolvency estate if one or more of our custodians enters bankruptcy, receivership or similar insolvency proceedings. Additionally, if we pursue any strategies to create income streams or otherwise generate funds using our bitcoin holdings, we would become subject to additional counterparty risks. Any significant non-performance by counterparties, including in particular the custodians with which we expect to custody substantially all of our bitcoin, could have a material adverse effect on our business, prospects, financial condition, and operating results.

**USE OF PROCEEDS**

The table below sets forth the estimated proceeds we would derive from this offering, assuming the sale of 25%, 50%, 75% and 100% of the Offered Shares at an assumed per share price of $5.00 per share. There is, of course, no guarantee that we will be successful in selling any of the Offered Shares in this offering.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Assumed Percentage of Offered Shares Sold in This Offering** | **Assumed Percentage of Offered Shares Sold in This Offering** | **Assumed Percentage of Offered Shares Sold in This Offering** | **Assumed Percentage of Offered Shares Sold in This Offering** |
|  | **25%** | **50%** | **75%** | **100%** |
| Offered Shares sold | 2500000 | 5000000 | 7500000 | 10000000 |
| Gross proceeds | $12500000 | $25000000 | $37500000 | $50000000 |
| Offering expenses<sup>(1)</sup> | 1699500 | 2759500 | 3869500 | 4979500 |
| &nbsp;&nbsp;&nbsp;**Net proceeds** | $10800500 | $22240500 | $33630500 | $45020500 |

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<sup>(1)</sup> Represents Placement Agent fees, legal and accounting fees and expenses and out-of-pocket costs of escrow and clearing agent, as may be applicable. See "Plan of Distribution."

The table below sets forth the manner in which we intend to apply the net proceeds derived by us in this offering, assuming the sale of 25%, 50%, 75% and 100% of the Offered Shares at an assumed public per share offering price of $5.00 per share. All amounts set forth below are estimates.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** |
|  | **25%** | **50%** | **75%** | **100%** |
| Marketing and Advertising | $1080050 | $2224050 | $3363050 | $4502050 |
| Redemption of the Seed Notes | 6386720 | 6386720 | 6386720 | 6386720 |
| General Corporate Expenses, including Working Capital | 3333730 | 13629730 | 23880730 | 34131730 |
| &nbsp;&nbsp;&nbsp;**Total** | $10800500 | $22240500 | $33630500 | $45020500 |

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We reserve the right to change the foregoing use of proceeds, should our management believe it to be in the best interest of the Company. The allocations of the proceeds of this offering presented above constitute the current estimates of our management and are based on our current plans, assumptions made with respect to the industry in which we currently or, in the future, expect to operate, general economic conditions and our future revenue and expenditure estimates. We are currently planning to roll up leading, specialized service providers focused on certain campaign functions and may use the proceeds from this offering to fund such acquisitions. None of the net proceeds from this offering will be used to compensate or otherwise make payments to officers or directors of the issuer or any of our subsidiaries, other than the extent to which any Seed Notes held by our officers or directors are redeemed pursuant to the mandatory redemption pursuant to the terms of the Seed Notes on a pro rata basis. See "*Interest of Management and Others in Certain Transactions – Related Party Transactions – Seed Notes*."

Investors are cautioned that expenditures may vary substantially from the estimates presented above. Investors must rely on the judgment of our management, who will have broad discretion regarding the application of the proceeds of this offering. The amounts and timing of our actual expenditures will depend upon numerous factors, including market conditions, cash generated by our operations (if any), business developments and the rate of our growth. We may find it necessary or advisable to use portions of the proceeds of this offering for other purposes.

In the event we do not obtain the entire offering amount hereunder, we may attempt to obtain additional funds through private offerings of our securities or by borrowing funds. Currently, we do not have any committed sources of financing.

Because this is a best efforts offering and there is no minimum offering amount required as a condition to the closing of this offering, the actual offering amount, Placement Agent fees and other offering expenses payable by us, and net proceeds to us are not presently determinable and may be substantially less than the maximum amount set forth on the cover page of this Offering Circular.

**CAPITALIZATION**

The following table sets forth our capitalization as of June 30, 2025:

● on an actual basis;

● on a pro forma basis to give effect to (i) the issuance of the Seed Notes in the aggregate principal amount of $1.25 million, generating gross proceeds to us of approximately $1.19 million and (ii) the issuance of 5,000,000 shares of common stock under the Company's Founders Share Plan subsequent to June 30, 2025; and

● on a pro forma as adjusted basis assuming the issuance and sale by us of shares of common stock at a public offering price of $5.00 per share and the receipt of approximately $15 million in aggregate gross proceeds and $13,090,500 in aggregate net proceeds after deducting the Placement Agent fees and estimated offering costs payable by us along with the simultaneous redemption of the Company's Senior Secured Notes for $6,386,720.

You should read this capitalization table together with "Use of Proceeds," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our consolidated financial statements and the related notes appearing elsewhere in this Offering Circular.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** | **As of June 30, 2025** |
|  | **(Presented in $ except for share numbers)** | **(Presented in $ except for share numbers)** | **(Presented in $ except for share numbers)** | **(Presented in $ except for share numbers)** |
|  | **Actual** | **Pro Forma** | **Pro Forma as Adjusted (Assuming $15 Million Gross Proceeds Closed in Offering)** | **Pro Forma as Adjusted (Assuming $50 Million Gross Proceeds Closed in Offering)** |
| **Assets** |  |  |  |  |
| Current Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $148224 | $1338224 | $8042004 | $39972004 |
| Total current assets | 148224 | 1338224 | 8042004 | 39972004 |
| Noncurrent Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Capitalized development costs, net | 148224 | 148224 | 148224 | 148224 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 804 | 804 | 804 | 804 |
| Total noncurrent assets | 74820 | 74820 | 74820 | 74820 |
| Total Assets | $223044 | $1338224 | $8042004 | $39972004 |
| **Liabilities and Shareholder Equity (Deficit)** |  |  |  |  |
| Current Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $220248 | $220248 | $220248 | $220248 |
| &nbsp;&nbsp;&nbsp;Secured notes payable |  | - | - | - |
| Total current liabilities | 220248 | 220248 | 220248 | 220248 |
| Noncurrent Liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Long term secured notes payable, net | 137093 | 1114086 |  |  |
| &nbsp;&nbsp;&nbsp;Long term secured notes payable, related party, net | 25154 | 273007 | - | - |
| Total noncurrent liabilities | 162247 | 1387093 | - | - |
| Total Liabilities | 382495 | 1607341 | 220248 | 220248 |
| Shareholder Equity (Deficit): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.0001 par value, 10,000,000 shares authorized and 0 shares issued and outstanding on an actual basis, pro-forma basis, pro forma as adjusted basis assuming $15 million gross proceeds closed in offering; and pro forma as adjusted basis assuming $50 million gross proceeds closed in offering | <br>- | <br>- |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value, 250,000,000 shares authorized and 15,000,000 shares issued and outstanding as of June 30, 2025, on an actual basis; 20,000,000 shares of common stock issued and outstanding as of June 30, 2025, on a pro forma basis; 23,000,000 shares of common stock issued and outstanding on a pro forma as adjusted basis assuming $15 million gross proceeds closed in offering; and 30,000,000 shares of common stock issued and outstanding on a pro forma as adjusted basis assuming $50 million gross proceeds closed in offering | 1500 | 2000 | 2300 | 3000 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | (1500) | (2000) | 13088200 | 45017500 |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (159451) | (269117) | (5268744) | (5268744) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Shareholder Equity (Deficit) | (159451) | (269117) | 7821756 | 39751756 |
| Total Liabilities and Shareholder Equity (Deficit) | $**223044** | $**1338224** | $**8042004** | $**39972004** |

---

The number of shares of common stock outstanding as of June 30, 2025, as shown above, is based on 15,000,000 shares of common stock issued and outstanding as of such date and excludes the issuance of 5,245,000 shares of common stock issued pursuant to the Founders Share Plan subsequent to June 30, 2025.

**DILUTION**

If you invest in our common stock in this offering, your ownership interest will be diluted immediately to the extent of the difference between the public offering price per share of our common stock and the pro forma as adjusted net tangible book value per share of our common stock after this offering.

Our historical net tangible book value as of June 30, 2025, was $(233,467), or $(0.02) per share of common stock based on 15,000,000 shares of common stock outstanding as of June 30, 2025. Historical net tangible book value per share is calculated by subtracting our total liabilities from our total tangible assets, which is total assets less intangible assets, and dividing this amount by the number of shares of common stock outstanding as of such date.

After giving effect to (i) the issuance of the Seed Notes in the aggregate principal amount of $1.25 million, generating gross proceeds to us of approximately $1.19 million and (ii) the issuance of 5,000,000 shares of common stock under our Founders Share Plan (as defined herein), in each case subsequent to June 30, 2025 (collectively, the "Pro Forma Adjustments"), our pro forma net tangible book value would have been approximately $(284,913), or $(0.01) per share.

After giving further effect to the assumed sale by us of the Offered Shares at an assumed public offering price of $5.00 per share and after deducting Placement Agent fees and estimated offering expenses payable by us, our pro forma as adjusted net tangible book value as of June 30, 2025, would have been approximately $44,735,587 or $1.49 per share of common stock. This represents an immediate increase in the net tangible book value of $1.50 per share to our existing stockholders and an immediate and substantial dilution in net tangible book value of $(3.51) per share to new investors. The following table illustrates this hypothetical per share dilution:

---

| | |
|:---|:---|
| Assumed public offering price per share | $5.00 |
| Historical net tangible book value per share as of June 30, 2025 | $(0.02) |
| Increase in net tangible book value per share attributable to the Pro Forma Adjustments | $0.01 |
| Pro forma net tangible book value per share as of June 30, 2025 | $(0.01) |
| Increase in pro forma net tangible book value per share attributable to this offering | $150 |
| Pro forma as adjusted net tangible book value per share as of June 30, 2025, after giving effect to this offering | $1.49 |
| **Dilution per share to purchasers of Offered Shares in this offering** | $(3.51) |

---

A $1.00 increase in the assumed public offering price of $5.00 per Offered Share, would increase the pro forma as adjusted net tangible book value per share by $9,300,000, and decrease dilution to new investors by $(0.93) per share, in each case assuming that the number of Offered Shares offered by us, as set forth on the cover page of this Offering Circular, remains the same and after deducting Placement Agent fees and estimated offering expenses payable by us.

The pro forma as adjusted information discussed above is illustrative only. Our net tangible book value following the completion of this offering is subject to adjustment based on the actual public offering price of our Offered Shares and other terms of this offering determined at pricing.

The number of shares of common stock outstanding as of June 30, 2025, as shown above, is based on 15,000,000 shares of common stock issued and outstanding as of that date and excludes the issuance of 5,245,000 shares of common stock issued pursuant to the Founders Share Plan subsequent to June 30, 2025.

Except as otherwise indicated, the information in this Offering Circular assumes no exercise the Placement Agent Warrants to be issued to the Placement Agent or its designees as compensation in connection with this offering.

To the extent that we issue additional shares under equity incentive plans, employee stock purchase plans or restricted stock units or securities exercisable or convertible into shares of our common stock, there may be further dilution to new investors. In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if we believe we have sufficient funds for our current or future operating plans. To the extent that additional capital is raised through the sale of equity or convertible debt securities, the issuance of these securities could result in further dilution to our stockholders.

**PLAN OF DISTRIBUTION**

**In General**

Our Company is offering a maximum of 10,000,000 Offered Shares on a "best-efforts" basis, at a fixed price of $5.00 per Offered Share. The minimum purchase requirement for investors in this offering is $1,000.00, or 200 Offered Shares.

We have engaged Dawson James Securities, Inc. to act as our exclusive placement agent to solicit offers to purchase the Offered Shares. The Placement Agent is not purchasing or selling any such Offered Shares, nor is it required to arrange for the purchase and sale of any specific number or dollar amount of such Offered Shares, other than to use its "reasonable best efforts" to arrange for the sale of such Offered Shares by us. Therefore, we may not sell all of the Offered Shares being offered. The terms of this offering are subject to market conditions and negotiations between us, the Placement Agent and prospective investors. The Placement Agent will have no authority to bind us by virtue of their placement agency agreement with us (the "Placement Agency Agreement"). This is a "best efforts" offering and there is no minimum offering amount required as a condition to each closing of this offering. All funds derived by us from this offering will be immediately available for use by us, in accordance with the uses set forth in the section entitled "Use of Proceeds" of this Offering Circular. All proceeds received from this offering will be placed in an escrow account held by Wilmington Trust, National Association, as escrow agent. We intend to complete one or more closings on a rolling basis. Upon each closing, the gross proceeds from accepted subscriptions will be released from escrow at the mutual written discretion of us and the Placement Agent (as defined herein)/our written direction, at which point such proceeds will become immediately available to us and may be used as they are released. Purchasers of the Offered Shares will not be entitled to a refund and could lose their entire investment.

This offering will terminate at the earliest of (a) the date on which all of the Offered Shares have been sold, (b) the date which is one year from this offering being qualified by the SEC, or (c) the date on which this offering is earlier terminated by us, in our sole discretion.

Pursuant to the Placement Agency Agreement, we will pay the Placement Agent, concurrently with each closing of this offering, a placement agent fee equal to 7.0% of the aggregate purchase price paid by each purchaser of Offered Shares that are placed in this offering (other than certain purchasers of Offered Shares in this offering that are set forth on a schedule to the Placement Agency Agreement).

In addition, we will also pay (a) all filing fees and expenses relating to the registration of the Offered Shares with the SEC; (b) all FINRA filing fees; (c) all fees and expenses relating to the listing of the Company's common stock a NSE; (d) all fees, expenses and disbursements relating to the registration or qualification of the Offered Shares under the "blue sky" securities laws of such states and other jurisdictions as the Placement Agent may reasonably designate (including, without limitation, all filing and registration fees, and subject to limitations, the reasonable fees and disbursements of "blue sky" counsel, which will be the Placement Agent's counsel); (e) all fees, expenses and disbursements relating to the registration, qualification or exemption of the Offered Shares under the securities laws of such foreign jurisdictions as the Placement Agent may reasonably designate; (f) the costs of all mailing and printing of the offering documents; (g) transfer and/or stamp taxes, if any, payable upon the transfer of the Offered Shares from the Company to the Placement Agent; (h) the fees and expenses of the Company's accountants; (i) the fees and expenses of the Company's legal counsel and other agents and representatives; (j) up to $10,000 to cover the Placement Agent's actual "road show" expenses; and (k) in case of a listing to a NSE, up to $100,000 of the Placement Agent's legal and additional diligence expenses not otherwise covered pursuant to the terms of the Placement Agency Agreement.

The Placement Agent may also ask other FINRA member broker-dealers that are registered with the SEC to participate as soliciting dealers for this offering.

**Placement Agent Warrants**

Upon each closing of this offering, we have agreed to issue the Placement Agent Warrants to the Placement Agent or its designees to purchase up to 3.5% of the aggregate number of Offered Shares sold. The Placement Agent Warrants will be exercisable at an assumed per share exercise price equal $6.25, which is equal to 125% of the assumed per share price of $5.00. The Placement Agent Warrants are exercisable at any time and from time to time, in whole or in part, during the five-year period commencing 180 days from the commencement of sales of the Offered Shares in this offering.

The Placement Agent Warrants have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(e)(1)(A) of FINRA. The Placement Agent (or permitted assignees under Rule 5110(e)(2)) will not sell, transfer, assign, pledge, or hypothecate these warrants or the securities underlying these warrants, nor will they engage in any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of the Placement Agent Warrants or the underlying securities for a period of 180 days following the commencement of sales of the securities issued in this offering. In addition, the Placement Agent Warrants provide for registration rights upon request, in certain cases. The sole demand registration right provided will not be greater than five years from the commencement of sales of the securities issued in this offering in compliance with FINRA Rule 5110(g)(8)(C). The piggyback registration rights provided will not be greater than seven years from the commencement of sales of the securities issued in this offering in compliance with FINRA Rule 5110(g)(8)(D). We will bear all fees and expenses attendant to registering the securities issuable on exercise of the Placement Agent Warrants other than underwriting commissions incurred and payable by the holders. The exercise price and number of shares issuable upon exercise of the Placement Agent Warrants may be adjusted in certain circumstances including in the event of a stock dividend or our recapitalization, reorganization, merger or consolidation. However, the Placement Agent Warrant exercise price or underlying shares will not be adjusted for issuances of shares of our Common Stock at a price below the warrant exercise price.

***Other Expenses of the Offering***

 ****

***EquiDeFi***

In addition, the Company has engaged EquiDeFi, Ltd. ("EquiDeFi") to create and maintain the online subscription processing platform for the offering. After this Offering Circular is qualified by the SEC, the offering will be conducted, in part, using EquiDeFi's online subscription processing platform through the Company's website at www.GOTV.com whereby investors will receive, review, execute and deliver subscription agreements electronically as well as make purchase price payments through a third-party processor by ACH debit transfer, wire transfer or credit card to an account we designate. We intend to hold closings on a rolling basis following our acceptance of investors' subscriptions.

We have paid EquiDeFi an advance of $5,000 in connection with this offering. Starting once the offering is open to accepting investors, we have agreed to pay EquiDeFi $2,500 monthly in account maintenance fees (up to a maximum of $30,000 during the duration of the offering). In addition, we have agreed to pay EquiDeFi credit card processing fees (4.0% plus $0.30 per swipe) plus any charge back fees or expenses and 0.50% plus $5.00 for each ACH transfer fee to all purchasers in lieu of charges to investors.

***Wilmington Trust***

The Company has entered into an Escrow Agreement with Wilmington Trust, National Association ("Wilmington Trust" or the "Escrow Agent"). Investor funds will be held by the Escrow Agent pending closing or termination of the offering. All subscribers will be instructed by the Company or its agents to transfer funds by wire, credit or debit card, or ACH transfer directly to the escrow account established for this offering (such escrow account, the "Wilmington Trust Escrow Account"). The Company may terminate the offering at any time for any reason at its sole discretion. Investors should understand that acceptance of their funds into escrow does not necessarily indicate that the Company has accepted their subscription and will not necessarily result in their receiving Offered Shares; escrowed funds may be returned without deduction and without interest.

Wilmington Trust is not participating as an underwriter or placement agent or sales agent of this offering and will not solicit any investment in the Company, distribute this Offering Circular or other offering materials to investors, or recommend the Company's securities or provide investment advice to any prospective Investor, and no communication through any medium, including any website, should be construed as such. The use of Wilmington Trust's name in this Offering Circular should not be interpreted and is not intended as an endorsement or recommendation by it of the Company or this offering. All inquiries regarding this offering or escrow should be made directly to the Company or the Placement Agent.

***<u>Lock-Up / Leak-Out Agreements</u>***

All of our directors, officers, certain personnel of the Company (with respect to shares of common stock received pursuant to equity incentive plans of the Company only) and certain holders of the outstanding shares our of common stock as of the effective date of this Offering Circular have entered into "lock-up/leak-out" agreements pursuant to which, subject to certain exceptions, they have agreed with the Placement Agent not to offer, sell, or otherwise transfer or dispose of, directly or indirectly, shares of our common stock or any securities convertible into or exchangeable or exercisable for shares of our common stock, whether now owned or hereafter acquired by them or with respect to which they have or hereafter acquire the power of disposition (the "Lock-Up Shares") during the period commencing on the qualification date of this Offering Circular and ending 180 days following the initial closing date of this offering (the "Lock-Up Period"). Notwithstanding the foregoing, until the 2026 midterm elections taking place on November 3, 2026, the holders of Lock-Up Shares may only offer, sell, contract to sell, hypothecate, pledge, dividend, distribute or otherwise dispose of, directly or indirectly the Lock-Up Shares subject to the following restrictions:

● If the price per share of our common stock equals $6.01, but is less than $10.01, the maximum aggregate number of Lock-Up Shares the holder may dispose of shall not exceed 1% of the total weekly trading volume of the Company's common stock;

● If the price per share of our common stock equals $10.01, but is less than $15.01, the maximum aggregate number of Lock-Up Shares the holder may dispose of shall not exceed 2% of the total weekly trading volume of the Company's common stock;

● If the price per share of our common stock equals $15.01, but is less than $20.01, the maximum aggregate number of Lock-Up Shares the holder may dispose shall not exceed 3% of the total weekly trading volume of the Company's common stock;

● If the price per share of our common stock equals $20.01, but is less than $25.01, the maximum aggregate number of Lock-Up Shares the holder may dispose of shall not exceed 4% of the total weekly trading volume of the Company's common stock; and

● If the price per share of our common stock equals or exceeds $25.01, the holder may transfer the Lock-Up Shares without any restriction.

***Tail***

Subject to certain exceptions, the Placement Agent shall be entitled to fees on the same terms as this offering with respect to any public or private offering or other financing or capital-raising transaction of any kind ("Tail Financing") to the extent that such financing or capital is provided to us by investors whom the Placement Agent had introduced to us as well as any investors that participated in an offering, if such Tail Financing is consummated at any time during the 12-month period following the completion of this offering.

**Listing of Offered Shares**

There is currently no public trading market for our common stock, and the Offered Shares will not be listed on any exchange upon the closing of this offering. Our long-term strategy includes a plan to list our common stock on The Nasdaq Capital Market. To satisfy the initial listing requirements of The Nasdaq Capital Market, we must, among other requirements, have a minimum of $15,000,000 in market value of unrestricted securities. We intend to satisfy this requirement through the gross proceeds from this offering. Our common stock will not be eligible for listing on The Nasdaq Capital Market until we satisfy Nasdaq's initial listing requirements. We have reserved the ticker symbol "GOTV" with Nasdaq and have submitted an application for listing on The Nasdaq Capital Market. However, this offering is not contingent upon the approval of such a listing, and we can provide no assurance that a listing will ever be obtained.

**Investment Limitations if We Do Not Obtain a Listing on a National Securities Exchange**

As set forth in Title IV of the JOBS Act, there would be no limit on how many Offered Shares an investor may purchase if this offering results in a listing of our common stock on The Nasdaq Capital Market or other national securities exchange. However, our common stock will not be listed on The Nasdaq Capital Market upon the initial qualification of our offering statement by the SEC. Additionally, we cannot provide any assurance that our Nasdaq listing application will be approved.

For individuals who are not Accredited Investors (as defined below), if we are not listed on The Nasdaq Capital Market, no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth (please see "How to Calculate Net Worth" below). Different rules apply to Accredited Investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.

Because this is a Tier 2, Regulation A offering, most investors in the case of trading on the over-the-counter markets must comply with the 10% limitation on investment in this offering. The only investors in this offering exempt from this limitation, if our common stock is not listed on The Nasdaq Capital Market, are "accredited investors" as defined under Rule 501 of Regulation D under the Securities Act (each, an "Accredited Investor"). If you meet one of the following tests you should qualify as an Accredited Investor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) You are a natural person who has had individual income in excess of $200,000 in each of the two most recent years, or joint income with your spouse in excess of $300,000 in each of these years, and have a reasonable expectation of reaching the same income level in the current year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) You are a natural person and your individual net worth, or joint net worth with your spouse, exceeds $1,000,000 at the time you purchase the Offered Shares (please see "— How to Calculate Net Worth" below);(iii) You are an executive officer or general partner of the issuer or a director, executive officer or general partner of the general partner of the issuer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) You are a holder in good standing of the General Securities Representative license (Series 7), the Private Securities Offerings Representative license (Series 82), and the Licensed Investment Adviser Representative (Series 65), each as issued by FINRA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) You are a corporation, limited liability company, partnership or are an organization described in Section 501(c)(3) of the Code, a corporation or similar business trust or a partnership, not formed for the specific purpose of acquiring the Offered Shares, with total assets in excess of $5,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) You are a bank or a savings and loan association or other institution as defined in the Securities Act, a broker or dealer registered pursuant to Section 15 of the Exchange Act, an insurance company as defined by the Securities Act, an investment company registered under the Investment Company Act of 1940, or a business development company as defined in that act, any Small Business Investment Company licensed by the Small Business Investment Act of 1958 or a private business development company as defined in the U.S. Investment Advisers Act of 1940, as amended;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) You are an entity (including an Individual Retirement Account trust) in which each equity owner is an Accredited Investor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) You are a trust with total assets in excess of $5,000,000, your purchase of the Offered Shares is directed by a person who either alone or with his purchaser representative(s) (as defined in Regulation D promulgated under the Securities Act) has such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment, and you were not formed for the specific purpose of investing in the Offered Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) You are a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has assets in excess of $5,000,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) You are a SEC or state-registered investment adviser or a federally exempt reporting adviser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) You are a Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) You are an entity not listed above that owns "investments," in excess of $5,000,000 and that was not formed for the specific purpose of investing in the securities offered; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) You are an Investor certifies that (A) it is a "family office" as defined in Rule 202(a)(11)(G)-1 under the U.S. Investment Advisers Act of 1940, as amended, (i) with at least $5 million in assets under management, (ii) not formed for the specific purpose of acquiring the securities offered and (iii) whose investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating the merits and risks of the prospective investment or (B) that it is a "family client" as defined in Rule 202(a)(11)(G)-1, of a family office meeting the criteria specified above.

This offering will start on or after the date that the offering statement is qualified by the SEC and will terminate on the termination date.

**How to Calculate Net Worth**

For the purposes of calculating your net worth, it is defined as the difference between total assets and total liabilities. This calculation must exclude the value of your primary residence and may exclude any indebtedness secured by your primary residence (up to an amount equal to the value of your primary residence). In the case of fiduciary accounts, net worth and/or income suitability requirements may be satisfied by the beneficiary of the account or by the fiduciary, if the fiduciary directly or indirectly provides funds for the purchase of the Offered Shares.

In order to purchase the Offered Shares and prior to the acceptance of any funds from an investor, for so long as our common stock is not listed on a national securities exchange, an investor in the Offered Shares will be required to represent, to our satisfaction, that he or she is either an Accredited Investor or is in compliance with the 10% of net worth or annual income limitation on investment in this offering.

**Procedures for Subscribing**

If you are interested in subscribing for Offered Shares in this offering, please submit a request to your broker at the Placement Agent and all relevant information will be delivered to you by return e-mail. Thereafter, should you decide to subscribe for Offered Shares, you are required to follow the procedures included in the delivered information and deliver funds directly by check or by wire or electronic funds transfer via ACH to the Wilmington Trust Escrow Account.

**Acceptance of Subscriptions**

This Offering Circular will be furnished to prospective investors upon their request via electronic PDF format and will be available for viewing and download 24 hours per day, 7 days per week on our company's page on the SEC's website: www.sec.gov.

An investor will become a shareholder of the Company, and the Offered Shares will be issued, as of the date of settlement. Settlement will not occur until a closing occurs under the Placement Agency Agreement.

**Issuance of Offered Shares**

Upon settlement, that is, at such time as a closing occurs under the Placement Agency Agreement, we will either issue such investor's purchased Offered Shares in book-entry form or issue a certificate or certificates representing such investor's purchased Offered Shares.

**Transferability of Offered Shares**

The Offered Shares will be generally freely transferable, subject to any restrictions imposed by applicable securities laws or regulations.

**State Law Exemption and Offerings to "Qualified Purchasers"**

The Offered Shares are being offered and sold to "qualified purchasers" (as defined in Regulation A under the Securities Act). As a Tier 2 offering pursuant to Regulation A under the Securities Act, this offering will be exempt from state "Blue Sky" law review, subject to certain state filing requirements and anti-fraud provisions, to the extent that the Offered Shares offered hereby are offered and sold only to "qualified purchasers".

"Qualified purchasers" include any person to whom securities are offered or sold in a Tier 2 offering pursuant to Regulation A under the Securities Act. We reserve the right to reject any investor's subscription in whole or in part for any reason, including if we determine, in our sole and absolute discretion, that such investor is not a "qualified purchaser" for purposes of Regulation A. We intend to offer and sell the Offered Shares to qualified purchasers in every state of the United States.

**DESCRIPTION OF BUSINESS**

**Overview**

FullPAC is a campaign services company that operates the RoboCent technology platform, which provides political communication tools with a core focus on peer-to-peer (P2P) messaging solutions. The Company offers campaign outreach tools for political candidates, advocacy organizations, and nonprofit clients seeking to deliver timely, targeted messages at scale. As of the date of this Offering Circular, over 5,000 campaigns have utilized RoboCent for compliant voter contact, fundraising, and persuasion. RoboCent's clients are able to send targeted messages typically within two hours. We are a Gold Member of the American Association of Political Consultants.

Spending on elections in the United States has increased significantly. According to data from OpenSecrets, the average winner of a federal legislative election in 1990 spent $407,556 on their campaign for the House or $3,870,621 on their campaign for the Senate. By 2010, the average spend had roughly tripled, with House winners spending an average of $1,439,997 and Senate winners spending an average of $9,782,702, and the numbers had increased seven-fold by 2022, when the average House winner spent $2,789,859 and the average Senate winner spent $26,525,065. According to OpenSecrets, on an inflation-adjusted basis, total expenditures on presidential and congressional elections increased from $5.6 billion in 2000 to $18.3 billion in 2020.

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The foregoing figures represent only federal political spending in the U.S., excluding spending by campaigns for public offices at the state, county, city, or district level. Besides races for office, political organizations have increased their spending to influence public opinion. According to OpenSecrets, in 2022, more than $1 billion was spent to support or oppose state-level ballot measures placed directly before voters, with 27 different ballot measures generating at least $5 million each in spending. Additionally, outside spending in connection with races for office has increased with the proliferation of super PACs and other issue-oriented organizations, which are formed with the purpose of spending vast amounts of money to influence public opinion. Any organization that wants to connect with voters represents a potential client for our services.

The ultimate purpose of this unparalleled level of political expenditure is to execute the singular function of a political campaign: to persuade and mobilize citizens to vote. This recurring effort to "get out the vote" is the essential machinery that drives the democratic process, turning billions of dollars in spending from a disparate set of donors into the exercise of one of America's most fundamental rights. The objective and high-stakes nature of an election, with a clear winner and no consolation for the loser, creates a powerful incentive for campaigns and advocacy organizations to deploy all available resources to connect with every potential supporter. This willingness to spend whatever is necessary to secure a vote, particularly in the days leading up to an election, is a primary driver of the market for our services.

Further, we benefit from the increasing polarization of American politics and deepening political divide. There is a shrinking pool of voters that can be persuaded by either of the two main political parties. While RoboCent is regularly utilized in contacting such undecided voters, it is not what generates the majority of our revenue. In recent years, leading candidates within both main political parties in the United States have increasingly adopted base politics, which often involves sending sensationalized communications to supporters and members of their own political party to elicit emotional reactions. We believe this strategy is highly effective at driving voter turnout, generating donations, raising awareness, and shaping the narrative of key events amongst a candidate's supporters, and that we are positioned to significantly benefit from a trend that regularly involves messaging outreach campaigns to a significant portion of the electorate.

We believe we are positioned to benefit from continued intensity in the political environment irrespective of overall partisan trends. Many campaign service providers are region-centric and specialize in working with ideologically-aligned groups or candidates, limiting their potential market for clients and increasing the risk that a shift in the political climate will lead to widespread turnover in their client base. In contrast, we have a history of working with candidates on organizations on any side of the political aisle, from throughout the United States, and are well-positioned to tailor our offerings in response to macro political trends. Unlike a campaign service provider whose alignment or offerings would limit them to working with a particular party or in a particular region of the country, we are able to offer services to any and all of the groups involved in a nationwide debate.

**Corporate History**

RoboCent, Inc. was incorporated in the State of Delaware in 2013 and reincorporated in the Commonwealth of Virginia in August of 2016. In 2025, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. FullPAC, Inc. was incorporated in the State of Nevada in June of 2025. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent, Inc. received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent, Inc., FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc. Our headquarters are located in Virginia Beach, Virginia.

**Senior Secured Notes**

From June through September 2025, the Company issued the Seed Notes, generating aggregate gross proceeds to the Company of approximately $1.19 million. The proceeds from the issuance of the Seed Notes are being used to expand the Company's product offerings and to fund general corporate operations, including expenses associated with this offering. The Seed Notes are subject to mandatory redemption upon the receipt of at least $2.5 million in a qualified equity financing, including this offering, and 50% of such net proceeds from a qualified equity financing will be used to redeem the Seed Notes on a pro rata basis until such time as all the Seed Notes have been redeemed. Up to approximately $6,386,720 of the net proceeds of this offering will be utilized to redeem the Seed Notes.

The Seed Notes are secured by a first-priority lien on all assets of the Company. The Seed Notes mature by their terms on December 31, 2026, if not subject to an earlier mandatory redemption. The Seed Notes accrue interest at an annual rate of 15%, compounded daily. The Company is not required to make interest payments prior to the maturity date or the date on which the Seed Notes are redeemed pursuant to a qualified equity financing. The cash payable to holders of the Seed Notes shall be determined upon each closing of a qualified equity financing payable pro rata on the principal balance together with accrued interest. For the avoidance of doubt, the Seed Note does not grant the Holder any equity, conversion rights, or ownership in the Company.

Certain of our executive officers (or their immediate family members) purchased Seed Notes with principal amounts aggregating to approximately $263,603. The Seed Notes issued to our executive officers (or their immediate family members) are identical in their terms to the Seed Notes issued to other investors, and our executive officers (and their immediate family members) do not receive any extra or special benefit in connection with the Seed Notes held by them. For more information, see "*Interest of Management and Others in Certain Transactions—Related Party Transactions—Seed Notes.*"

**Acquisition of Advocacy Lab** 

 ****

On September 29, 2025, and effective as of October 1, 2025, we entered into an Agreement and Plan of Merger with Advocacy Lab, pursuant to which we agreed to acquire Advocacy Lab for aggregate gross cash consideration of $45,000, payable at the closing of the transaction. In connection with the Advocacy Lab Acquisition, we have entered into the AL Employment Agreements with each of AL Founders, effective as of October 1, 2025. Pursuant to the terms of the AL Employment Agreements, each of the AL Founders shall receive a signing bonus of $75,000 and a base salary of $110,000 per annum, payable in cash, as well as customary benefits, including participation in the Company's healthcare and retirement plans. Pursuant to the terms of the AL Employment Agreements, each of the AL Founders shall earn a percentage of all revenues generated by Advocacy Lab based on the following tiers, with a cap on such Earn Out Payments of $5.35 million in the aggregate: (i) for $0 to $1 million in revenue, 50% to the AL Founders, (ii) for $1 million to $2.5 million in revenue, 40% to the AL Founders, (iii) for $2.5 million to $5 million in revenue, 30% to the AL Founders, (iv) for $5 million to $10 million in revenue, 20% to the AL Founders, (v) for $5 million to $10 million in revenue, 10% to the AL Founders, and (vi) for $20 million to $50 million in revenue, 5% to the AL Founders (collectively, the "Earn Out Payments"). No further Earn Out Payments shall be owed upon the earlier of (i) October 1, 2035, (ii) the achievement of $50 million in revenue generated by Advocacy Lab, or (iii) with respect to either AL Founder, their resignation or termination of employment for any reason, with or without cause.

Additionally, for any current existing users of Advocacy Lab that become customers of RoboCent, the AL Founders shall receive a commission of equal to 25% of the revenue generated from such customer accounts. For any future RoboCent customers sourced through Advocacy Lab, Advocacy Lab shall be entitled to receive a 2% commission, with such commission to continue until the earlier of (i) October 1, 2035, (ii) the receipt of $2.5 million by the AL Founders in aggregate commission, or (iii) with respect to either AL Founder, their resignation or termination of employment for any reason, with or without cause.

**Principal Products and Services**

FullPAC's core offerings include:

● **Peer-to-Peer (P2P) Messaging** – An industry-leading, TCPA, FCC, and 10DLC-compliant SMS/MMS messaging solution enabling real-time text outreach with customized voter engagement.

● **RoboCalls** – A voice broadcasting platform allowing campaigns to send pre-recorded messages to the landline phones of a curated list of voters or constituents in full compliance with FCC regulations.

● **Voter Data** – Landline, mobile, and email contact information for registered voters allowing clients to engage in proven data-driven, micro-targeted campaigning.

● **Public Opinion Polling** – Low-cost survey software designed to collect and analyze actionable feedback from voter segments.

● **Self-Service Voter Engagement Platform** – Clients can use the RoboCent self-service interface to manage lists, message delivery, and reporting, or delegate management tasks to members of the FullPAC team.

*Subscription Packages*

In 2025, we began offering our clients the option of subscribing to one of three subscription tiers: Jumpstart, Grassroots, or Turnkey. A subscription to the Jumpstart tier currently costs $97 per month or $960 per year if billed annually. A subscription to the Grassroots tier currently costs $799 per month or $7,800 per year if billed annually. A subscription to the Turnkey tier currently costs $2,900 per month or $28,800 per year if billed annually. Each successive subscription tier reduces the price that clients pay per use of our services, offers additional support from the RoboCent team, reduces turnaround time on the execution of any messaging campaigns, and unlocks additional features to enhance platform offerings. Clients are also able to purchase services without a subscription (which we refer to in this section as "pay-as-you-go clients"), subject to meeting order minimums.

We believe that our subscription offerings will improve our ability to compete for market share. Clients who subscribe with us, particularly at the higher tiers, receive substantial discounts on our services and access to extensive internal support. We expect that subscribed clients will be more likely to utilize our platform for an increasing share of their campaign services due to cost and service advantages. Because clients typically retain our service in connection with a campaign for public office and not all such campaigns result in electoral victory, we expect that we will experience regular churn among our subscribers. However, we expect this churn in the population of campaign organizations will be, in part, offset by the lock-in effect for ongoing campaigns or other voter contact organizations that have obtained carrier registration verification with us.

 

*P2P Messaging*

 

Our P2P messaging platform empowers campaigns to have authentic, one-on-one conversations with a massive audience. Our P2P messaging platform is not an automated or "robo text" service; instead, a human agent manually and individually sends each message one-by-one, ensuring full compliance with federal regulations and carrier requirements. This methodology fosters genuine interaction, allowing campaign teams to respond to questions, engage in meaningful dialogue, and build relationships directly with voters. The RoboCent platform is designed for maximum efficiency, featuring tools that enable volunteers or staff to manage thousands of conversations, use customized scripts, and track responses, turning a simple text message into a powerful tool for persuasion, mobilization, and get-out-the-vote efforts.

We currently charge clients between 3 cents (for pay-as-you-go clients) and 2.25 cents (for Turnkey subscribers) per 160-character SMS text message sent using the RoboCent platform. For MMS messages that include a picture, we charge between 7 cents (for pay-as-you-go clients) and 5 cents (for Turnkey subscribers) per message. For MMS messages that include up to 60 seconds of HD video, we charge between 9 cents (for pay-as-you-go clients) and 7 cents (for Turnkey subscribers) per message. An additional charge of between 2 cents (for pay-as-you-go clients) and 1 cent (for Turnkey subscribers) per message applies for campaigns that elect to have our agents send outbound messages, with our agents receiving 0.5 cents in compensation for each message they send. We also may enter into custom agreements with our clients that may result in us charging lower messaging rates in exchange for prepayments, minimum order commitments, or other consideration, and may charge additional fees for managed sending during periods of peak demand.

We currently generate the majority of our revenue through our P2P messaging service offerings.

*RoboCalls*

 

Our RoboCall platform allows campaigns to send pre-recorded messages to the landline phones of a curated and targeted list of voters. RoboCalls are one of the most popular and cost-effective methods for reaching a wide demographic, particularly among voters who are less accessible through digital channels. The RoboCent platform allows clients to upload a pre-recorded audio message, from a simple event reminder to a detailed policy endorsement from the candidate, and deliver it to thousands of landlines simultaneously. Additionally, the RoboCent platform enables Interactive Voice Response ("IVR") polling to collect valuable feedback from voters through extensive survey trees. Clients receive detailed reporting on call delivery, allowing for analysis of how many people were reached and ensuring that campaigns are heard by the right people at the right time.

The rates we charge clients for RoboCalls are determined by the length of the message being sent. Currently, we charge between 1 cent (for pay-as-you-go clients) and 0.5 cents (for Turnkey subscribers) per dial for voice messages of 15 seconds or fewer, increasing at a rate of 1 cent (for pay-as-you-go clients) and 0.5 cents (for Turnkey subscribers) for each additional 15 seconds. Clients are also able to set up their RoboCalls as transfer calls, allowing recipients to press a button and connect to a live representative. We charge between an additional 1.5 cents (for pay-as-you-go clients) and 1 cent (for Turnkey subscribers) per transfer call. We also may enter into custom agreements with our clients that may result in us charging lower RoboCall rates in exchange for prepayments, minimum order commitments, or other consideration.

*Voter Data*

 

RoboCent provides access to comprehensive and regularly updated voter files, which include phone numbers (both landline and mobile), email addresses, voting history (along with registered or inferred political affiliation), a jurisdiction breakdown, and demographic information. This allows campaigns to move beyond generic messaging and develop highly specific, targeted outreach plans. Our clients can segment audiences by dozens of criteria, such as party affiliation, voting frequency, age, or location, ensuring that their message is able to resonate with each unique group. Campaigns can leverage this data to significantly improve the efficiency and effectiveness of their P2P texting, phone banking, and digital advertising efforts.

The rates we charge clients for voter data vary based on the type of data being requested and the client's subscription tier. For landline records, we charge between 3 cents (for pay-as-you-go clients) and 1 cent (for Turnkey subscribers) per record. For mobile phone records, we charge between 5.5 cents (for pay-as-you-go clients) and 3 cents (for Turnkey subscribers) per record. For email records, we charge between 10 cents (for pay-as-you-go clients) and 5 cents (for Turnkey subscribers) per record. We also may enter into custom agreements with our clients that may result in us charging lower rates for voter data in exchange for prepayments, minimum order commitments, or other consideration.

*Public Opinion Polling*

 

Our polling provides fast and affordable ways for our clients to gauge public opinion and collect valuable data. Our IVR keypad polling software places automated calls to a targeted list of voters and asks them to respond to a series of questions by pressing a number on their phone's keypad. Campaigns can use this to quickly identify undecided voters, test the appeal of different messages, measure name recognition, or gather opinions on key issues. The results are collected and organized in real-time, providing campaigns with actionable insights that can be used to refine strategy, inform messaging, and make data-driven decisions without the high cost associated with live-caller polling.

We currently charge a flat rate per dial for IVR keypad polling, regardless of the length of message or number of questions being asked. This base rate is between 3.5 cents (for pay-as-you-go clients) and 1.5 cents (for Turnkey subscribers) per dial. For public opinion polling with up to 30 seconds of voicemail enabled, we charge between 5 cents (for pay-as-you-go clients) and 2.5 cents (for Turnkey subscribers) per dial, with the rates for any messages longer than 30 seconds increasing at our standard rates for RoboCalls.

Additionally, our full suite of service offerings lets our clients measure public opinion across multiple channels. We can develop and deploy targeted surveys via text message (SMS/MMS), engage specific demographics through social media polls, and utilize other digital feedback mechanisms to gather voter sentiment. This approach allows us to reach different segments of the electorate where they are most active, providing our clients with a more holistic and accurate understanding of public sentiment to execute effective campaign strategies.

All services are designed to be compliant with relevant federal and state communications laws and allow for easy integration with voter databases and third-party CRMs.

Our products are generally distributed through a cloud-based software-as-a-service (SaaS) model. Clients can access RoboCent's tools directly through our web-based dashboard or utilize the FullPAC service offerings for full-service campaign management services. We currently accept payment for services through our payment partner, Stripe, which allows clients to pay through credit and debit cards, wire payments, or other money transfer applications. Our clients are required to prepay in full for any services we render prior to any work being completed.

**Strategic Advantages**

*Service Offerings*

We believe that we are positioned to capitalize on changes in political campaign spending in upcoming election cycles. Historically, spending on political campaigns has been directed towards legacy technologies, such as direct mail or television advertising. Campaign services have been provided by individual contractors or small firms, often with ties to a particular region and partisan affiliation. In contrast, we have built a digital-first and viewpoint-neutral platform that we believe will better position us to compete for an increasing share of the growing market for campaign services.

We expect that P2P messaging will be an increasingly important part of political campaign spending. According to data from Twilio, businesses that have invested in digital-first engagement with their customers have seen revenues increase by 70% on average, with 79% of increases in 2021 revenue attributable to investments in digital customer engagement. As more campaigns become professionalized operations with significant budgets, we believe that campaigns will mirror trends elsewhere in business and that our offerings will appeal to data-driven clients seeking more attention and feedback assessment than other forms of voter outreach. Unlike radio, direct mail, and TV ads, P2P messaging facilitates trackable click-through rates to measure engagement, giving our clients access to valuable analytics. Unlike email outreach, text messages are quickly opened by recipients, facilitating a swift response and actionable feedback. In 2020, a report by Tech for Campaigns found that there was an aggregate 0.7% increase in voter turnout among all voters who were texted by one of their volunteers ahead of the general election, with the turnout rate for the least likely quintile of voters who received a text message increasing to 31% compared to the 8.2% turnout rate for voters from the same quintile that did not receive a text.

P2P messaging capitalizes on the cell phone as the central technology in the lives of voters. Television advertising continues to be the channel where political campaigns spend the most money, reflecting the historical importance of television. But "cord cutting" has seen audiences for live television advertising shrink. Former viewers have left live programming and its commercials for ad-free streaming options, while the remaining audience uses commercial breaks to look at their phone. Campaigns that want to get the attention of constituents who are distracted by their cell phones will necessarily need to target their message towards those constituents' cell phones, and we expect that our history of successful messaging campaigns will enable us to effectively compete from a position of strength in a growing market. We expect that Americans' continued adoption of cell phones as a tool for banking, investing, and commerce will further accelerate the displacement of handwritten checks as a tool for campaign contributions, facilitating the continued growth of fundraising via our P2P messaging services for political organizations.

RoboCent is building a premier campaign distribution channel, starting with political texts, which it plans to expand with other high-margin services. We are actively exploring AI-generated political ads, micro-targeted voter polling, fintech products for campaigns, and other highly-scalable technology services.

*Political Divide*

 

The market for political campaign services has grown as American politics become increasingly polarized. This intensified political division creates a high-stakes environment where electoral outcomes are perceived as having monumental consequences. In this context, ideologically motivated high-net-worth individuals and families are willing to deploy substantial capital to influence public opinion and election results. This has led to the proliferation and significant funding of super PACs and other issue-advocacy organizations, which rely on sophisticated, large-scale voter outreach services to execute their strategies.

This polarization also energizes the broader electorate, creating a fertile environment for grassroots fundraising. Campaigns and causes leverage strong emotional connections—both in support of a preferred candidate and in opposition to a disliked opponent—to drive a high volume of small-dollar donations through regular outreach. Negative partisanship has proven to be a powerful mobilization tool, turning voter passion into a significant source of campaign revenue. The resulting surge of capital from both the top and bottom of the fundraising spectrum is ultimately spent on connecting with voters, thereby expanding the total addressable market for P2P messaging and other advanced voter contact tools.

Recent political movements have also led to increased campaign activity in down-ballot races. For example, protests against law enforcement and related calls to "defund the police" have led to substantially increased attention and fundraising for District Attorney, sheriff, or judicial elections in various jurisdictions. The school choice movement and debates about curriculum have significantly increased spending on school board campaigns. Secretary of State campaigns have attracted increased funding after the controversies related to election certification in the aftermath of the 2020 presidential election. Our potential market grows whenever a down-ballot race for elected office attracts sufficient attention and funding for its campaigns to begin spending on voter outreach. We believe that the current political climate will lead to an increasing number of candidates for office utilizing professional campaign service firms and expect these trends to continue through upcoming election cycles.

 

*Consolidate Talent through Strategic Acquisitions*

Politics is unique in that winning an election is singular and objective – well-financed campaigns will pay a premium to work with the most competent and experienced specialists in each aspect of politicking. A meritocracy exists in politics to a far greater extent than other industries. At the same time, once part of a winning politician's team, vendors are often retained for incumbent's reelection campaigns. We plan to roll-up leading, specialized service providers focused on certain campaign functions. We expect that consolidating talent will not only increase the likelihood of our existing campaigns expanding their relationship with FullPAC, but will also increase our ability to attract well-financed campaigns seeking to engage top talent. Should a liquid market for FullPAC's stock develop, we believe our status as a publicly-traded company could be a compelling competitive advantage as we look to acquire adjacent and synergistic companies, particularly in an industry with few publicly-traded campaign service providers that can offer exit liquidity in a potential acquisition.

Further, we expect consolidating campaign talent will be highly attractive to super PACs and other organizations with the explicit purpose of outspending the competing campaign in an effort to win a particular election. Often, these organizations are willing to pay a premium to engage top talent and deploy significant resources implementing their recommended strategy and tactics. Due to its effectiveness and scale, RoboCent has been engaged by numerous super PACs over the past decade in highly competitive U.S. Senate, gubernatorial, and Congressional races.

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**Employees**

As of November 20, 2025, our workforce consists of 7 full-time employees, 0 part-time employees, and approximately 40 contract personnel located within the United States. Approximately 30 of our contract personnel are RoboCent agents, who individually send P2P messages for clients and are compensated on a per-message basis. This team of agents allows for millions of P2P messages to be sent per day on the platform, in addition to any messages that clients choose to send through our self-service offering. We also utilize the services of 5 contract personnel located outside of the United States for software development and graphic design.

**Cyclicality**

Our business has been and is expected to be highly cyclical and closely tied to the political election calendar in the United States. Political campaigns and advocacy organizations typically increase their spending significantly in the months leading up to primary and general elections. This tends to result in a material concentration of revenue during the second and fourth quarters of even-numbered years, coinciding with federal midterm and presidential elections. Accordingly, revenue generation during periods without a federal election is expected to be substantially lower. For more information, see *"Risk Factors–Our business is heavily tied to the United States electoral calendar. Political campaign spending tends to increase near certain milestone dates, which we expect to create fluctuations in our operating results on a quarter-to-quarter and year-to-year basis."*

However, we believe this cyclical pattern is becoming more nuanced due to structural shifts in the political industry. First, the effective length of the campaign cycle is expanding, with candidates launching exploratory efforts, fundraising, and voter engagement initiatives far earlier in the election timeline. This has contributed to increased off-peak demand for political communication tools and campaign services. Additionally, while federal races receive the most attention and involve the greatest spending, state and local elections occur on a staggered and ongoing basis across jurisdictions. We have provided services to more than 4,000 city council, school board, and other local campaigns, which take place throughout odd- and even-numbered years and often generate significant demand for voter contact services. We expect that our seasonal business cycle will consist of steady business throughout the calendar, supplemented by high demand and increased profitability at peak periods.

Despite these mitigating factors, we anticipate continued material seasonality and cyclicality in its business. Our financial performance may vary widely from quarter to quarter, and periods of lower political activity may result in reduced operating margins and diminished performance. We intend to manage this volatility by encouraging clients to regularly communicate with their base voters to continue building relationships with voters, maintain or enhance engagement rates, and shape the narrative ahead of election season.

**Industry Competition**

Political campaigns and issue organizations raise vast sums of money with the goal of influencing the electorate. This capital comes from a variety of sources, including individual donors giving small and large amounts, political action committees (PACs), and a candidate's own funds. Once raised, these funds are strategically allocated to a wide array of services and activities designed to establish messaging, connect with constituents, and get out the vote in elections. Campaign service firms are frequently contracted to assist campaigns with voter outreach, whether to solicit donations or increase a candidate's chances of election. The market for campaign service firms is, in part, fueled by the constitutional franking privilege, which provides federal funding for members of Congress to communicate with their constituents. While the franking privilege has typically been associated with postal mail, we expect an increasing proportion of franking budgets to be allocated towards P2P messaging services and other next-generation voter outreach tools available to clients on the RoboCent platform.

The political campaign services industry is highly competitive and fragmented, with a broad range of vendors offering tools and technologies to candidates, political committees, issue advocacy groups, and public affairs firms. We compete directly with a range of campaign service providers, including other peer-to-peer texting vendors, providers of automated voice and SMS messaging, digital ad networks, and consulting firms that bundle communications with other services. These competitors vary in scale, specialization, target markets, service offerings, and pricing models. Many providers in the industry, including us, have established customer bases or offer bundled services that include data analytics, voter file access, or consulting, which may provide competitive advantages. In addition, many competitors exclusively offer services to campaigns affiliated with one of the major political parties. Our bipartisan client base results in an increased number of potential clients, but may make it more difficult to attract business from any clients that prefer to work with an ideologically-aligned service provider.

In addition to direct competition within the campaign communications segment, we also compete for an overall share of election-related spending. Political campaigns operate within constrained budgets and allocate funds across a variety of channels, including television and radio advertising, direct mail, door-to-door canvassing, event production, and digital outreach. Our success depends not only on our ability to compete with other communications vendors, but also on our ability to capture a growing share of campaign budgets as overall media strategies evolve.

We believe that our messaging-based communications offer distinct advantages over legacy campaign methods. These advantages include lower cost per contact, higher engagement rates, and superior data collection capabilities, including recipient-level analytics and actionable feedback. As campaign managers prioritize targeted, responsive, and scalable voter outreach, we expect an increasing share of political spending to shift from traditional media formats to messaging-based platforms. We are investing in product development and user experience improvements to capitalize on this trend and differentiate itself in an increasingly competitive marketplace, effectively competing not only against other P2P messaging providers on features and price, but also against traditional media channels on the basis of return on investment.

We intend to further our competitive advantage through synergistic acquisitions of high margin specialists focused on a particular niche. Political campaigns seek to engage proven difference-makers, and we believe that consolidating premium campaign talent will increase our ability to attract new clients and develop our business. In particular, we expect that adding proven talent will attract more business from clients in the most competitive races, which we expect to result in higher revenue.

**Governmental Regulation**

The U.S. Supreme Court's 2010 decision in *Citizens United v. Federal Election Commission* fundamentally reshaped the campaign finance landscape by permitting corporations and unions to make independent political expenditures. This has led to the growth in campaign spending as an increasing number of organizations utilize campaign service providers for voter outreach tools, polling, data analytics, and communication platforms like those offered by us. The current regulatory regime has resulted in a wide range of political actors raising and spending funds on voter contact and advocacy, creating a larger potential customer base for providers of campaign technology services.

Our ability to generate revenue from political campaigns and affiliated organizations is, in part, reliant on the continued validity of this constitutional and regulatory framework. Any material change in the interpretation or enforcement of federal campaign finance law through legislation, rulemaking, or judicial reversal could adversely affect the market for independent expenditures and, by extension, reduce demand for our services. While we do not rely exclusively on super PACs or independent expenditure committees for revenue, any contraction in the overall political spending environment could materially impact our growth trajectory.

Our business is presently subject to a range of federal and state laws and regulations. Failure to comply with these rules could result in enforcement actions, litigation, or reputational damage. For more information, see the section of this Offering Circular titled "*Risk Factors –Risks Related to Government Regulations".*

 

*Telephone Consumer Protection Act*

 

The Telephone Consumer Protection Act of 1991 (TCPA) governs the use of automated telephone equipment to place calls or send text messages and is administered by the Federal Communications Commission (FCC). The TCPA restricts the use of prerecorded voice messages and autodialers without the recipient's prior express consent. For political campaigns, calls made using autodialing technology or artificial voices are exempt from the federal Do Not Call list requirements, but still require strict adherence to identification and opt-out provisions. The TCPA also allows for private rights of action resulting in statutory damages of up to $500 on a per-call or per-message basis, with treble damages available for willful violations.

Our core messaging product relies on P2P texting, in which messages are initiated individually by our human agents and sent to a specific number. In 2020, the FCC issued a declaratory ruling which confirmed that P2P messaging platforms did not fall within the definition of "autodialer" and were therefore not subject to the TCPA's requirement for prior express consent. Our platform operates in accordance with this declaratory ruling. The definition of "autodialer" was further limited in 2021, when the Supreme Court unanimously held in *Facebook, Inc. v Duguid* that the definition of "autodialer" is limited to systems that use a random or sequential number generator. As is customary for the industry, messages or calls facilitated by our platform are derived from lists of registered voters and are not generated randomly or sequentially.

To maintain TCPA compliance, we incorporate human-in-the-loop controls into our messaging workflow and do not deploy sequential number generation or random dialing technologies. Our terms of service require clients to confirm their compliance with applicable telemarketing laws; we reserve the right to suspend or terminate campaigns that appear non-compliant and have effectuated such suspensions or terminations when a campaign's non-compliance is confirmed. These operational safeguards are intended to ensure ongoing TCPA compliance consistent with FCC interpretations and judicial precedent.

*Federal Election Commission and Campaign Disclosure Rules*

We provide services to federal political campaigns, whose communications are subject to regulation by the Federal Election Commission (FEC). FEC rules require that paid political advertisements include appropriate disclaimers identifying the entity responsible for the communication. Additionally, payments for mass communications may need to be reported on campaign finance filings. We provide extensive and effective tools to our clients, including through the use of technology, to ensure that clients using the RoboCent platform for communications are able to comply with their FEC requirements. Although any FEC violation would be the responsibility of our clients, we may be adversely affected if clients misuse our platform in violation of FEC rules. For more information, see "*Risk Factors– We could be subject to legal and regulatory liability if clients misuse our platform.*"

*State Laws and Regulations*

 

We also provide services to political campaigns at the state and local level. In addition to federal regulation, many U.S. states have adopted their own consumer protection and election communication laws that govern certain types of political messaging, creating a complex patchwork of state laws, particularly with respect to robocalls. These state laws often differ from the TCPA and may include stricter enforcement provisions or broader definitions of "autodialing" technology, particularly with respect to robocalls. We are responsible for complying with relevant laws and regulations in any jurisdiction where we conduct business. We maintain compliance systems and legal oversight to adapt to changing regulatory interpretations, but make no warranty of its compliance with state law to our clients. Significant changes to telecommunication laws or enforcement practices could materially impact our business. For more information, see "*Risk Factors – We are subject to regulation with respect to political campaign activities, which lacks clarity and uniformity*."

*10DLC Registration and Other CTIA Guidelines*

 

In addition to formal government regulation, our messaging services are subject to industry standards and best practices established by the Cellular Telecommunications Industry Association (CTIA), a trade association representing the U.S. wireless communications industry. While the CTIA's guidelines are not law, they are highly influential and are enforced by mobile network operators (e.g., AT&T, T-Mobile, or Verizon) through their control over message delivery. The CTIA and mobile carriers generally classify all Application-to-Person (A2P) messaging, including the P2P messages sent by a human agent through our platform, as being subject to these guidelines.

A primary mechanism for carrier enforcement of these standards is the 10-Digit Long Code (10DLC) registration system. This mandatory framework requires all organizations sending A2P messages over standard phone numbers to register their brand and each specific messaging initiative with The Campaign Registry (TCR), a central authority designated by the mobile carriers. Political campaigns are designated as a special use case under the 10DLC framework and must undergo a vetting process by a neutral, third-party verification service to confirm the campaign's legitimacy before registration. We must adhere to all 10DLC registration requirements for our clients' campaigns. Failure to properly register campaigns or comply with these carrier-mandated rules can result in lower message deliverability, carrier-imposed financial penalties, and the potential for service interruptions or termination. Our business is therefore dependent on the ongoing and successful navigation of these evolving, non-governmental registration systems.

Mobile carriers are also able to filter messages that contain certain keywords or topics from delivery, and we provide this information to our clients to ensure that their campaigns can proceed effectively. We algorithmically flag messages that include prohibited keywords or topics, most of which are used in spam or suspected phishing attempts. In some instances, this could limit the desirability of our messaging-based services if a client wishes to run a campaign utilizing a filtered keyword (e.g., "gun" or "cannabis" in the context of policy discussion), although we work with clients to formulate fully-compliant messaging scripts. We also ensure that all messages include an opt-out mechanism, automatically adding an option if omitted in a client's original message.

The CTIA's guidelines include best practices concerning consent, message content, and opt-out procedures that are, in some respects, more restrictive than the TCPA. For example, CTIA best practices often suggest that political messaging should be sent only to consumers who have expressly opted-in to receive such communications, a standard that is not required for our P2P messages under current TCPA interpretations. Our operational procedures, while designed for TCPA compliance, do not align with all CTIA guidelines for political messaging. Consequently, mobile carriers may choose to subject messages sent through our platform to increased filtering, throttling, or blocking, which could adversely affect message deliverability and the effectiveness of our services. Should mobile carriers mandate strict adherence to all CTIA guidelines as a condition of service, we would be required to materially revise our business operations and technology, which could incur substantial costs and impact our ability to serve our clients effectively. For more information, see "*Risk Factors–Our business is dependent on text messaging and voice communication channels, and our access to these channels could be limited by regulatory or industry actions, including from mobile network operators or designers of mobile operating systems."*

**WE ARE NOT REGISTERED AS AN INVESTMENT COMPANY UNDER THE INVESTMENT COMPANY ACT OF 1940 AND STOCKHOLDERS DO NOT HAVE THE PROTECTIONS ASSOCIATED WITH OWNERSHIP OF SHARES IN A REGISTERED INVESTMENT COMPANY NOR THE PROTECTIONS AFFORDED BY THE COMMODITIES EXCHANGE ACT.**

**Our Bitcoin Accumulation Strategy**

In September 2025, we adopted a bitcoin accumulation strategy, allowing us to acquire and hold up to the lower of (i) $10 million and (ii) 50% of our liquid assets in bitcoin, and made bitcoin one of our primary treasury reserve assets on an ongoing basis, subject to market conditions and our anticipated cash needs. Our strategy includes long-term acquisition and holding of bitcoin, subject to market conditions, using one or a combination of cash flows from our business operations, issuing equity or debt securities, and/or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin. Notwithstanding the foregoing, we do not currently intend to use the proceeds from this offering to purchase bitcoin. We expect to view our bitcoin as long-term holdings, but we may periodically sell or otherwise dispose of bitcoin for corporate purposes, tax strategies, or other applicable financing transactions. We may also use our bitcoin as collateral for financing or to generate income. We have no specific accumulation target and will monitor market conditions in determining whether to engage in additional bitcoin purchases.

This section summarizes our current treasury strategy for bitcoin, including our trading execution, custody, storage, and accounting considerations. We view bitcoin as a reliable store of value and a compelling investment. We believe it has unique characteristics as a scarce and finite asset that can serve as a reasonable inflation hedge and safe haven amid global instability. Bitcoin is a highly volatile asset that has traded below $60,000 per bitcoin and above $123,000 per bitcoin on Coinbase in the 12 months preceding the date of this prospectus. While highly volatile, bitcoin's price has also appreciated significantly since bitcoin's inception in January 2009 (at zero per bitcoin). We believe that a substantial portion of bitcoin's appreciation is attributable to the view that bitcoin is or will become a reliable store of value. Like gold or other precious metals, bitcoin is also viewed as a scarce asset; the ultimate supply of bitcoin is limited to 21 million coins and approximately 95% of its supply already exists. We believe that bitcoin's finite, digital and decentralized nature as well as its architectural resilience make it preferable to gold or other physical goods that serve as stores of value, and we believe that the growing global acceptance and "institutionalization" of bitcoin supports our view. We believe that bitcoin's unique attributes not only differentiate it from fiat money, but also from other cryptocurrency assets, and for that reason, we currently have no plans to acquire or hold cryptocurrency assets other than bitcoin.

*Our Bitcoin Holdings*

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As of December 31, 2024, and 2023, we did not own any bitcoin. As of November 20, 2025, we owned 0 bitcoins.

*Execution of Bitcoin Transactions*

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We intend to purchase bitcoin through multiple bitcoin trade execution, or liquidity, providers, who may also serve as custodians of our bitcoin, and we expect to continue to do so in the future. We may also in the future acquire or dispose of bitcoin via trade orders executed on exchanges such as Coinbase. Our liquidity providers and custodians, or our BTC Service Providers, are regulated and licensed entities that operate under high security, regulatory, audit and governance standards. We intend to transact with multiple BTC Service Providers for both trade execution and custodial services to spread our risk and to limit our exposure to any single service provider or counterparty.

In selecting our liquidity providers, we evaluate regulatory status, pricing, annual trading volume, security and customer service. We also leverage the due diligence we conduct in connection with our custodial arrangements when conducting due diligence on our liquidity providers. Our current agreements with our liquidity providers are non-exclusive, may be terminated by us at any time, do not impose any requirements for minimum purchases or volumes with such providers, and generally provide that we are responsible for the costs associated with transfers of bitcoin.

We plan to have our liquidity providers, acting as our agents, execute trades of bitcoin on our behalf using time-weighted average price over a prearranged time period, or TWAP, pricing and purchasing methodology. The prearranged periods over which trades may be executed vary in length depending on the amount of bitcoin to be purchased and other factors, and are selected because they are expected to have lower price volatility and higher market liquidity, thereby limiting cost and pricing risks. Our liquidity providers can use TWAP in their trading algorithms to execute large orders of bitcoin, without significantly affecting market price, by breaking large orders into several smaller orders that are independently traded at different time intervals in a generally linear fashion across different trading venues selected by our liquidity providers. Our liquidity providers can execute trades based on the best possible terms reasonably available, taking into consideration all relevant facts and circumstances. As our agents, our liquidity providers use their discretion to select the counterparties to the transactions as well as the trading venues and platforms on which they execute trades on our behalf, and they may execute trades via cryptocurrency exchanges or in over-the-counter transactions. Our liquidity providers may calculate TWAP using any number of resources, including various trading platforms. Our liquidity providers have policies and procedures pursuant to which they conduct trades with institutions that possess licenses or registrations to the extent required by their activities and have been AML/KYC approved pursuant to our liquidity providers' internal programs. We may in the future utilize TWAP pricing or another pricing methodology in connection with the execution of our bitcoin trades.

*Custody of our Bitcoin*

We intend to hold all of our bitcoin in a custodial account at U.S.-based, institutional-grade custodians (who may hold our bitcoin in the United States or other territories) that have demonstrated records of regulatory compliance and information security. Our custodian may also serve as a liquidity provider. We have currently entered into a custodial agreement with Coinbase Inc., for and on behalf of itself and certain affiliated entities. As we further execute on our strategy, we intend to include additional custodians.

We carefully selected our custodian after undertaking a due diligence process pursuant to which we evaluated, among other things, the quality of its security protocols, including the multifactor and other authentication procedures designed to safekeep our bitcoin that they may employ, as well as other security, regulatory, audit and governance standards. Our custodian is required to hold our bitcoin in trust for our benefit in a segregated account which is not commingled with their assets or the assets of their affiliates or other clients. Should we enter into custodial agreements with additional custodians, such agreements may not prohibit such custodians from commingling our bitcoin with the digital assets of others. Our custodial agreement with Coinbase provides that Coinbase will hold our bitcoin in an online "hot" wallet until it receives an instruction from us to effectuate a transfer of our bitcoin into cold storage. Cold storage is designed to mitigate risks that a system may be susceptible to when connected to the internet, including the risks associated with unauthorized network access and cyberattacks.

Our custodian will have access to the private key information associated with our bitcoin, or private keys, and it deploys security measures to secure our bitcoin holdings such as advanced encryption technologies, multi-factor identification, and a policy of storing our private keys in redundant, secure and geographically dispersed facilities. We never store, view or directly access our private keys. Any movement of our bitcoin by our custodian is coordinated, monitored and audited. Our custodian's procedures to prove control over the digital assets it holds in custody is also examined by their auditors. Additionally, we will periodically verify our bitcoin holdings by reconciling our custodial service ledgers to the public blockchain. Our custodial agreements are terminable by us at any time, for any or no reason, upon advance notice given to the custodian.

*Risk Mitigation Practices Related to Our Liquidity and Custodial Arrangements*

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We believe that our primary counterparty risk with respect to our bitcoin holdings will be performance obligations under our custody arrangement. We intend to custody our bitcoin with multiple custodians to diversify our potential risk exposure to any one custodian. Our custodial services contract does not restrict our ability to reallocate our bitcoin among our custodians or require us to hold a minimum amount of bitcoin with the custodian. Our bitcoin holdings will initially be concentrated with a single custodian, Coinbase.

As a regulated entity, Coinbase has policies, procedures and controls designed to comply with the Bank Secrecy Act, as amended by the USA PATRIOT Act, the implementing regulations of the U.S. Treasury Department's FinCEN, the Executive Orders and economic sanctions regulations administered by the U.S. Treasury Department's Office of Foreign Assets Control, or OFAC, as well as state Anti-Money Laundering, or AML laws. Pursuant to these policies, procedures and controls, Coinbase uses information systems developed in-house and by third-party vendors to conduct know your customer, or KYC, identification verification, background checks and other due diligence on counterparties and customers, and on the affiliates, related persons and authorized representatives of their customers, and to screen these parties against published sanctions lists. These checks may, where appropriate, assess financial strength, reputation, trading capabilities and other risks that may be associated with a given customer or counterparty. Coinbase performs these checks and screenings during initial onboarding or in advance of a transaction, as applicable, and periodically thereafter, particularly when the sanctions lists that they monitor are updated. Coinbase also utilizes systems that monitor and screen blockchain transactions and digital wallet addresses in their efforts to detect and report suspicious or unlawful activity.

Our due diligence process when selecting Coinbase involved giving consideration to its reputation and security level, confirming their internal compliance with applicable laws and regulations and ensuring their undertakings of contractual obligations on compliance. With respect to our custodian, we also conduct due diligence reviews during the custodial relationship to monitor the safekeeping of our bitcoin.

Our current custodian, and each of our intended future custodians, is U.S.-based and is subject to U.S. regulatory regimes intended to protect customers in the event that it enters bankruptcy, receivership or similar insolvency proceedings. Our custodian is required to comply with the Bank Secrecy Act, as amended by the USA PATRIOT Act, the implementing regulations of the U.S. Treasury Department's FinCEN, the Executive Orders and economic sanctions regulations administered by the OFAC, as well as state AML laws. However, applicable insolvency law is not fully developed with respect to the holding of digital assets in custodial accounts. If our custodially-held bitcoin were nevertheless considered to be the property of our custodian's estate in the event that it were to enter bankruptcy, receivership or similar insolvency proceedings, we could be treated as a general unsecured creditor of such custodian, inhibiting our ability to exercise ownership rights with respect to such bitcoin, which may ultimately result in the loss of the value related to some or all of such bitcoin. Even if we are able to prevent our bitcoin from being considered the property of a custodian's bankruptcy estate as part of an insolvency proceeding, it is possible that we would still be delayed or may otherwise experience difficulty in accessing our bitcoin held by the affected custodian during the pendency of the insolvency proceedings. Additionally, the bitcoin we hold with our custodian and transact with our trade execution partners will not enjoy the same protections as are available to cash or securities deposited with or transacted by institutions subject to regulation by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation.

Regardless of efforts we make to securely store and safeguard assets, there can be no assurance that our crypto assets will not be subject to loss or other misappropriation. Although our custodian carries insurance policies with policy limits to cover losses for commercial crimes such as asset theft and other covered losses, such policy limit would be shared among all of their affected customers and subject to various limitations and exclusions (such as if a loss arises due to our failure to protect our login credentials and devices). As such, the insurance that covers losses of our bitcoin holdings may cover only a small fraction of the value of the entirety of our bitcoin holdings, and there can be no guarantee that our custodians will maintain such insurance policies or that such policies will cover any or all of our losses with respect to our bitcoin. For a discussion of risks relating to the custody of our bitcoin, see the section of this Offering Circular titled "*Risk Factors — Risks Related to Our Bitcoin Strategy and Holdings*".

**Intellectual Property**

We seek to establish and maintain our proprietary rights in our technology and products through a combination of trade secrets, copyrights, trademarks, and domain names. We also seek to maintain our trade secrets and confidential information through nondisclosure policies, the use of appropriate confidentiality agreements and other security measures.

Certain of our service offerings utilize software or other intellectual property licensed from third parties. While it may be necessary in the future to seek or renew licenses relating to various aspects of our platform, we believe, based upon past experience and standard industry practice, that any such licenses generally could be obtained on commercially reasonable terms. Nonetheless, there can be no assurance that the necessary licenses would be available on acceptable terms, if at all, and any delay in obtaining such licenses could materially affect our business operations.

We registered the "RoboCent" trademark in 2018 and have applied for registration of the "FullPAC" trademark. We also maintain registration for the domain names associated with our brand, including the "robocent.com" and "fullpac.com" domains, and have exclusive rights to control and operate the "gotv.com" domain pending completion of its acquisition.

**Cybersecurity**

As a digital-first organization, our business operations are fundamentally reliant on the security, integrity, and availability of our information technology infrastructure. We recognize the significant and evolving risks posed by cybersecurity threats, including but not limited to data breaches, ransomware, denial-of-service attacks, and other malicious activities that could disrupt our operations, compromise sensitive company or client data, or cause reputational harm.

To address these risks, we are implementing and continuously enhancing a comprehensive cybersecurity program with a combination of technical, administrative, and physical controls, aligned with industry-recognized standards and designed to protect our systems and data. We have engaged a third-party cybersecurity and compliance firm to assist in formalizing our internal controls and to facilitate our attainment of Service Organization Control (SOC) 2 compliance. Our efforts are focused on building the requisite controls and procedures in anticipation of undergoing a SOC 2 Type II audit, which evaluates the operational effectiveness of a company's security controls over a period of time. We expect that achieving and sustaining SOC 2 compliance will provide our clients and stakeholders with independent assurance regarding the security and availability of our platform.

Our cybersecurity strategy includes ongoing risk assessments, vulnerability management, employee security awareness training, and the development of an incident response plan to ensure we can effectively detect, respond to, and recover from a potential security incident. To support these functions, we are actively investing in our internal capabilities. We expect to add additional personnel with specialized expertise to support our information technology and cybersecurity functions as our business continues to grow.

While we are committed to investing in and improving our security posture, there can be no assurance that we will effectively undertake the planned measures described herein, achieve SOC 2 compliance or pass a SOC 2 Type II audit, or add personnel with sufficient expertise to support our cybersecurity and information technology functions. Even if we are successful in these planned courses of action, there can be no assurance that these measures will be sufficient to prevent all security breaches or cyberattacks. For a more detailed discussion of the risks we face related to cybersecurity, see "*Risk Factors–Risks Related to Intellectual Property and Information Technology*."

**Legal Proceedings**

From time to time, we may become involved in litigation or other legal proceedings. Regardless of outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

We are not currently a party to any litigation or legal proceedings.

 

**DESCRIPTION OF PROPERTY**

 

Our corporate headquarters are located at 1206 Laskin Road Suite 201-o, Virginia Beach, Virginia, 23451. We rent our corporate headquarters at a rate of $695 per month pursuant to a six-month lease that automatically renews for a subsequent six-month term unless terminated by either party with 60 days advance notice. We expect that the facility will be used primarily for administrative purposes. All employees currently work remotely. We believe our existing facilities are adequate for our current needs and that suitable additional or substitute space will be available on commercially reasonable terms to meet our future needs.

 

 

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF**

**FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*Management's Discussion and Analysis of Financial Condition and Results of Operations is intended to provide a reader of our financial statements with a narrative from the perspective of our management on our financial condition, results of operations, liquidity, and certain other factors that may affect our future results. The information set forth below should be read in conjunction with the financial statements and the notes thereto included elsewhere in this Offering Circular. Unless stated otherwise, references in this section to "us," "we," "our," or our "Company" and similar terms refer to FullPAC, Inc., a Nevada corporation, or the historical results of RoboCent, Inc., a Virginia corporation and our wholly owned subsidiary.*

**Overview**

We are a campaign services company that operates the RoboCent technology platform ("RoboCent"), which provides political communication tools with a core focus on peer-to-peer messaging solutions.

We offer campaign outreach tools for political candidates, advocacy organizations, and nonprofit clients seeking to deliver timely, targeted outreach at scale. As of the date of this Offering Circular, over 5,000 campaigns have utilized RoboCent for compliant voter contact, fundraising, and persuasion. RoboCent's clients are able to send targeted messages typically within two hours. We are a Gold Member of the American Association of Political Consultants.

Spending on elections in the United States has increased significantly. According to data from OpenSecrets, the average winner of a federal legislative election in 1990 spent $407,556 on their campaign for the House and $3,870,621 on their campaign for the Senate. By 2010, the average spend had roughly tripled, with House winners spending an average of $1,439,997 and Senate winners spending an average of $9,782,702 on their campaigns. The numbers increased seven-fold by 2022, when the average House winner spent $2,789,859 and the average Senate winner spent $26,525,065 on their campaigns. According to OpenSecrets, on an inflation-adjusted basis, total expenditures on presidential and congressional elections increased from $5.6 billion in 2000 to $18.3 billion in 2020.

The foregoing figures represent only federal political spending in the U.S. and exclude spending by campaigns for public offices at the state, county, city, or district level. Besides races for office, political organizations have increased their spending to influence public opinion. According to OpenSecrets, in 2022, more than $1 billion was spent to support or oppose ballot measures placed directly before voters, with 27 different ballot measures generating at least $5 million each in spending. Additionally, outside spending in connection with races for office has increased with the proliferation of super PACs and other issue-oriented organizations. Any organization that wants to connect with voters represents a potential client for our services.

RoboCent benefits from the increasing hyper-politicization of American politics and deepening political divide. We believe there is a shrinking pool of voters that can be persuaded by either of the two main political parties. While RoboCent is regularly utilized in contacting such undecided voters, it is not what generates the majority of our revenue. In recent years, leading candidates within both main political parties in the United States have increasingly adopted base politics, which often involves sending sensationalized communications to supporters and members of their own political party to elicit emotional reactions. We believe that this strategy is highly effective at driving voter turnout, generating donations, raising awareness, and shaping the narrative of key events amongst a candidate's supporters, and that we are positioned to significantly benefit from a trend that regularly involves messaging outreach campaigns to a significant portion of the electorate.

**Recent Developments**

***Acquisition of Advocacy Lab***

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On September 29, 2025, and effective as of October 1, 2025, we entered into an Agreement and Plan of Merger with Advocacy Lab, pursuant to which we agreed to acquire Advocacy Lab for aggregate gross cash consideration of $45,000, payable at the closing of the Advocacy Lab Acquisition. In connection with the Advocacy Lab Acquisition, we have entered into the AL Employment Agreements with the AL Founders, effective as of October 1, 2025. Pursuant to the terms of the AL Employment Agreements, each of the AL Founders shall receive a signing bonus of $75,000 and a base salary of $110,000 per annum, payable in cash, as well as customary benefits, including participation in the Company's healthcare and retirement plans. Pursuant to the terms of the AL Employment Agreements, each of the AL Founders shall earn a percentage of all revenues generated by Advocacy Lab based on the following tiers, with a cap on such Earn Out Payments of $5.35 million in the aggregate: (i) for $0 to $1 million in revenue, 50% to the AL Founders, (ii) for $1 million to $2.5 million in revenue, 40% to the AL Founders, (iii) for $2.5 million to $5 million in revenue, 30% to the AL Founders, (iv) for $5 million to $10 million in revenue, 20% to the AL Founders, (v) for $5 million to $10 million in revenue, 10% to the AL Founders, and (vi) for $20 million to $50 million in revenue, 5% to the AL Founders. No further Earn Out Payments shall be owed upon the earlier of (i) October 1, 2035, (ii) the achievement of $50 million in revenue generated by Advocacy Lab, or (iii) with respect to either AL Founder, their resignation or termination of employment for any reason, with or without cause.

Additionally, for any current existing users of Advocacy Lab that become customers of RoboCent, the AL Founders shall receive a commission of equal to 25% of the revenue generated from such customer accounts. For any future RoboCent customers sourced through Advocacy Lab, Advocacy Lab shall be entitled to receive a 2% commission, with such commission to continue until the earlier of (i) October 1, 2035, (ii) the receipt of $2.5 million by the AL Founders in aggregate commission, or (iii) with respect to either AL Founder, their resignation or termination of employment for any reason, with or without cause.

***Our Bitcoin Accumulation Strategy***

In September 2025, we adopted a bitcoin accumulation strategy, allowing us to acquire and hold up to the lower of (i) $10 million and (ii) 50% of our liquid assets in bitcoin, and made bitcoin one of our primary treasury reserve assets on an ongoing basis, subject to market conditions and our anticipated cash needs. Our strategy includes long-term acquisition and holding of bitcoin, subject to market conditions, using one or a combination of cash flows from our business operations, issuing equity or debt securities, and/or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin. Notwithstanding the foregoing, we do not currently intend to use the proceeds from this offering to purchase bitcoin. We expect to view our bitcoin as long-term holdings, but we may periodically sell or otherwise dispose of bitcoin for corporate purposes, tax strategies, or other applicable financing transactions. We may also use our bitcoin as collateral for financing or to generate income. We have no specific accumulation target and will monitor market conditions in determining whether to engage in additional bitcoin purchases.

***Stripe Capital Loan***

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On October 7, 2025, we entered into a Loan Agreement with Stripe Servicing, Inc. and Celtic Bank pursuant to the Stripe Capital Program with a loan amount of $123,400 and a fixed fee of $12,957, for a total repayment amount of $136,357 (the "Stripe Capital Loan"). The Stripe Capital Loan is secured by substantially all of the assets of the Company. The Stripe Capital Loan is repaid by withholding 25% of client payments to us that are processed through the Stripe payment processing platform, subject to minimum payments of $15,150.78 every 60 days. We may repay the outstanding balance of the Stripe Capital Loan in full or in part at any time without penalty. As of November 20, 2025, we have repaid $92,050 of the balance of the Stripe Capital Loan and have an additional $44,307 balance outstanding.

***OnDeck Term Loan***

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On October 17, 2025, we entered into a Term Loan Agreement with ODK Capital, LLC with a principal amount of $200,000 and an interest expense of $63,799.90 (the "OnDeck Term Loan"). The OnDeck Term Loan has an 18 month term and is scheduled to be repaid in 78 weekly payments of $3,382.05. The OnDeck Term Loan is secured by a blanket lien on substantially all of the assets of the Company and is guaranteed by Travis Trawick, our Chief Executive Officer. If we repay the OnDeck Term Loan in whole prior to its maturity, the remaining interest expense shall be reduced by 25%. As of November 20, 2025, we have repaid $16,910 of the balance of the OnDeck Term Loan and have an additional $246,890 balance outstanding.

**Results of Operations**

***Three Months Ended June 30, 2025, Compared to the Three Months Ended June 30, 2024***

The following is a comparison of our results of operations for the three months ended June 30, 2025, and 2024:

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| | | | |
|:---|:---|:---|:---|
|  | **Three Month Ended June 30,** | **Three Month Ended June 30,** | **Three Month Ended June 30,** |
|  | **2025** | **2024** | **Change** |
| **Revenue** | $184882 | $117580 | $67302 |
| Cost of revenue | 29795 | 51868 | (22073) |
| **Gross profit** | 155087 | 65712 | 89375 |
| **Operating Expenses** |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 308678 | 85264 | 223414 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 14718 | 13693 | 1025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 323396 | 98957 | 224439 |
| &nbsp;&nbsp;&nbsp;Operating (loss) | (168309) | (33245) | (135064) |
| &nbsp;&nbsp;&nbsp;Other expense |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (4479) | (2907) | 1572 |
| **Net (loss)** | $**(172788)** | $**(36152)** | $(136636) |

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***Revenue***

We had revenue of $184,882 for the three months ended June 30, 2025, as compared to $117,580 for 2024. The increase in revenue of $67,302 was mainly due to growth in our business and the timing of key elections.

***Cost of Revenue***

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The decrease in cost of revenue of $22,073 for the three months ended June 30, 2025, compared to 2024 was mainly due to a reduction in our pay rate for texting agents, a decrease in rates payable to certain vendors, and a decrease in aggregate payments to vendors, which are typically made in lump sums and cover services performed over an extended period of time rather than precisely aligning with any fiscal period.

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***Operating Expenses***

The increase in general and administrative expenses of $223,414 for the three months ended June 30, 2025, compared to 2024 was primarily due to the increased personnel and professional services expenses associated with the growth of our business, including expenses associated with this offering.

***Interest Expense***

Interest expense increased by $1,572 for the three months ended June 30, 2025, as compared to 2024. The increase is due to interest on the note payable that the Company entered into on May 10, 2024, and which was fully paid off prior to June 30, 2025.

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***Six Months Ended June 30, 2025, Compared to the Six Months Ended June 30, 2024***

The following is a comparison of our results of operations for the six months ended June 30, 2025, and 2024:

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| | | | |
|:---|:---|:---|:---|
|  | **Six Month Ended June 30,** | **Six Month Ended June 30,** | **Six Month Ended June 30,** |
|  | **2025** | **2024** | **Change** |
| **Revenue** | $233875 | 298104 | (64229) |
| Cost of revenue | 57245 | 132285 | (75040) |
| **Gross profit** | 176630 | 165819 | 10811 |
| **Operating Expenses** |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 391140 | 165791 | 225349 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 30421 | 25100 | 5321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 421561 | 190891 | 230670 |
| &nbsp;&nbsp;&nbsp;Operating (loss) | (244931) | (25072) | (219859) |
| &nbsp;&nbsp;&nbsp;Other expense |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (7047) | (4981) | 2066 |
| **Net (loss)** | $**(251978)** | $**(30053)** | (221925) |

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***Revenue***

We had revenue of $233,875 for the six months ended June 30, 2025, as compared to $298,104 for 2024. The decrease in revenue of $64,229 was mainly due to an increased number of well-funded elections in the 2024 election cycle, resulting in a comparative decrease in demand for our services in the following year.

***Cost of Revenue***

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The decrease in cost of revenue of $75,040 for the six months ended June 30, 2025, compared to 2024 was mainly due to a reduction in our pay rate for texting agents, a decrease in rates payable to certain vendors, and a decrease in aggregate payments to vendors, which are typically made in lump sums and cover services performed over an extended period of time rather than precisely aligning with any fiscal period.

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***Operating Expenses***

The increase in general and administrative expenses of $230,670 for the six months ended June 30, 2025, compared to 2024 was due to the increased costs associated with public company readiness and this offering, including legal and accounting services.

***Interest Expense***

Interest expense increased by $2,066 for the six months ended June 30, 2025, as compared to 2024. The increase is due to interest on the note payable that the Company entered into on May 10, 2024, and which was fully paid off prior to June 30, 2025.

***Fiscal Year Ended December 31, 2024, Compared to the Fiscal Year Ended December 31, 2023***

The following is a comparison of our results of operations for the year ended December 31, 2024, and 2023:

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| | | | |
|:---|:---|:---|:---|
|  | **Years Ended December 31,** | **Years Ended December 31,** | **Years Ended December 31,** |
|  | **2024** | **2023** | **Change** |
| **Revenue** | $881051 | $460224 | $420827 |
| Cost of revenue | 392348 | 170406 | 221942 |
| **Gross profit** | 488703 | 289818 | 198885 |
| **Operating Expenses** |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 340840 | 201186 | 139654 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 55286 | 32689 | 22597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 396061 | 233875 | 162251 |
| &nbsp;&nbsp;&nbsp;Operating income | 92577 | 55943 | 36634 |
| &nbsp;&nbsp;&nbsp;Other expense |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (16479) | (3823) | 12656 |
| Net income before income tax | 76098 | 52120 | 23978 |
| Income tax expense | (2991) | (2136) | 855 |
| **Net income** | $**73107** | $**49984** | $23123 |

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***Revenue***

We had revenue of $881,051 for the year ended December 31, 2024, as compared to $460,224 for 2023. The increase in revenue of $420,827 was mainly due to increased campaign activity during the 2024 election cycle resulting in additional spending on our services.

***Cost of Revenue***

 ****

The increase in cost of revenue of $221,942 for the year ended December 31, 2024, compared to 2023 was mainly due to the increase in volume of messaging and RoboCall campaigns during the 2024 election cycle.

 ****

***Operating Expenses***

The increase in general and administrative expenses of $139,654 for the year ended December 31, 2024, compared to 2023 was due to the increased operations in the 2024 election cycle, resulting in an increase in payroll costs of $41,000, an increase in $42,000 in marketing related costs and $68,000 in sales representative costs.

***Interest Expense***

Interest expense increased by $12,656 as of December 31, 2024, as compared to 2023. The increase is due to interest on the note payable that the Company entered into on May 10, 2024.

***Income tax expense***

We incurred state income tax of $2,991 and $2,136 during the years ended December 31, 2024, and 2023, respectively, related to pass through entity taxes in the state of Virginia where RoboCent is incorporated.

**Liquidity and Capital Resources**

***Overview***

As of June 30, 2025, we had cash and cash equivalents of $148,224 and we had a working capital deficit of $72,024. As of December 31, 2024, we had cash and cash equivalents of $148,368 and we had working capital of $21,983. Our primary source of capital has been cash generated from sales. On May 10, 2024, we entered into a secured business loan agreement with a principal amount of $150,000. We paid the remaining outstanding principal balance of the loan in May 2025.

From June through September 2025, RoboCent issued the Seed Notes. The Seed Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all of our assets. In the event we enter into a Qualified Financing, as defined in the Seed Notes, in which we receive gross proceeds of at least $2,500,000, we shall apply 50% of the proceeds from such Qualified Financing to redeem the Seed Notes (a "Qualified Financing Redemption"). The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) our post-money valuation following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Seed Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than 500% of the outstanding note balance of the Seed Note held by such holder on the date of such Qualified Financing Redemption. For the avoidance of doubt, the Seed Notes do not grant the holders any equity, conversion rights, or ownership in the Company. The Seed Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

The following is a summary of our cash flows from operating, investing, and financing activities for the six months ended June 30, 2025, and 2024:

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| | | |
|:---|:---|:---|
|  | **Six Months Ended June 30,** | **Six Months Ended June 30,** |
|  | **2025** | **2024** |
| Cash used in operating activities | $(51948) | $(72632) |
| Cash used in investing activities | (17440) | (43441) |
| Cash provided by financing activities | 69244 | 142170 |
| Net change in cash | $(144) | $26097 |

---

*Cash used in operating activities*

Net cash used by operating activities was $51,948 and $72,632 for the six months ended June 30, 2025, and 2024, respectively, and mainly included payments made for operating activities and amortization expense.

*Cash used in investing activities*

Net cash used in investing activities was $17,440 and $43,441 for the six months ended June 30, 2025, and 2024 and mainly included payments for development costs for improvements to our platform.

 ****

*Cash provided by financing activities*

 ****

Net cash provided by financing activities was $69,244 and $142,170 for the six months ended June 30, 2025, and 2024, respectively. The financing activities in 2025 included $161,500 in proceeds from promissory notes payable, $75,000 in repayments on our secured business loan agreement, and dividend distributions of $17,256 to our sole shareholder. The financing activities in 2024 included $150,000 in proceeds from the secured business loan issuance and $7,830 in dividend distributions to our sole shareholder.

The following is a summary of our cash flows from operating, investing, and financing activities for the years ended December 31, 2024, and 2023:

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| | | |
|:---|:---|:---|
|  | **Year Ended December 31,** | **Year Ended December 31,** |
|  | **2024** | **2023** |
| Cash provided by operating activities | $97121 | $107399 |
| Cash used in investing activities | (66329) | (66923) |
| Cash provided by (used in) financing activities | 64975 | (50926) |
| Net change in cash | $95767 | $(10450) |

---

*Cash provided by operating activities*

Net cash provided by operating activities was $97,121 and $107,399 for the years ended December 31, 2024, and 2023, respectively, and mainly included payments made for operating activities and amortization expense.

*Cash used in investing activities*

Net cash used in investing activities was $66,329 and $66,923 for the years ended December 31, 2024, and 2023 and mainly included payments for development costs for improvements to our platform.

 ****

*Cash provided by (used in) financing activities*

 ****

Net cash provided by financing activities was $64,975 for the year ended December 31, 2024, and the cash used in financing activities for the year ended December 31, 2023, was $50,926. The financing activities in 2024 included $150,000 in proceeds from note payable issuance, $75,000 in repayments on the same note payable, and $10,025 in dividend distributions to our sole shareholder. The financing activities in 2023 included dividend distributions of $50,926 to our sole shareholder.

 ****

**Critical Accounting Policies**

***Use of Estimates***

 ****

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include software capitalization and amortization. Actual results may differ from these estimates.

***Revenue Recognition***

We had revenue of $881,051 and $460,224 for the years ended December 31, 2024, and 2023, respectively.

We primarily generate revenue by facilitating the sending of communications for political organizations, including text messages and automated calls. We recognize revenue when services are realized or realizable and earned, less estimated credit losses. The sales prices are generally fixed at the point of sale and all consideration from contracts is included in the transaction price. Our contracts do not include multiple performance obligations or material variable consideration. As of December 31, 2024, and 2023, we had a contract liability of $0 and $0, respectively, for services customers had paid for and we had not yet delivered.

**Capitalized Software Development Costs**

We capitalize certain costs related to the development and enhancement of the RoboCent platform. In accordance with authoritative guidance, including ASC 350-40, we began to capitalize these costs when the technological feasibility was established and preliminary development efforts were successfully completed, management had authorized and committed project funding, it was probable that the project would be completed, and the software would be used as intended. Such costs are amortized when placed in service, on a straight-line basis over the estimated useful life of the related asset, generally estimated to be three years. Costs incurred prior to meeting these criteria together with costs incurred for training and maintenance are expensed as incurred and recorded in product development expenses on our statements of operations. Costs incurred for enhancements that were expected to result in additional features or functionality that would generate additional revenue are capitalized and expensed over the estimated useful life of the enhancements, generally three years. The Company does not capitalize any testing or maintenance costs. The accounting for these capitalized software costs requires us to make significant judgments, assumptions and estimates related to the timing and amount of recognized capitalized software development costs.

**Known Trends, Events and Uncertainties**

We subject to risks and uncertainties common to companies in our industry, including but not limited to, the cyclical nature of our business being closely tied to the political election calendar in the United States, the cyclical nature of spending in months leading up to primary and general elections, competition with other peer companies in our industry, dependence on key personnel, protection of proprietary technology, compliance with government regulations and the ability to secure additional capital to fund operations. Additionally, changes to U.S. policy implemented by the U.S. Congress, the executive branch, or judicial decisions have impacted and may in the future impact, among other things, the U.S. and global economy, tariffs, international trade relations, unemployment, immigration, healthcare, taxation, the U.S. regulatory environment, inflation and other areas. Although we cannot predict the impact, if any, of these changes to our business, they could adversely affect our business.

**Recently Issued Accounting Pronouncements**

For a summary of our recent accounting policies, please refer to Note 2, *Summary of Significant Accounting Policies and Supplemental Disclosures,* of the accompanying notes to the consolidated financial statements.

**DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES**

**Directors and Executive Officers**

Our directors and executive officers, their ages, positions held, and duration of such, are as follows:

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Position Held with Our Company** | **Age** | **Term of Office** |
| *Executive Officers* |  |  |  |
| Travis Trawick | Co-Founder and Chief Executive Officer<br> Interim Chief Financial Officer | 31 | Incorporation – Present |
| Isaac Dietrich | Co-Founder and Chief Financial Officer | 33 | Chief Financial Officer position to be effective December 8, 2025 |
| Daniel Flowers | Chief Technology Officer and Chief Operations Officer | 41 | September 2025 – Present |
| Ryan Deal | General Counsel and Secretary | 31 | June 2025 – Present |
| *Directors* |  |  |  |
| Travis Trawick | Chairman | 31 | Incorporation – Present |
| Isaac Dietrich | Executive Director-Elect | 33 | To be effective December 8, 2025 |
| Joanna Dodd Massey | Lead Independent Director-Elect | 57 | To be effective upon Nasdaq Listing |
| Robert Steele | Independent Director-Elect | 59 | To be effective upon Nasdaq Listing |
| Jason Adelman | Independent Director-Elect | 54 | To be effective upon Nasdaq Listing |

---

**Business Experience**

**Travis Trawick, Co-Founder, Chairman, Chief Executive Officer, and Interim Chief Financial Officer**

Travis Trawick co-founded RoboCent in 2013, initially developing internal software to help local political clients execute more affordable and effective voter outreach. Mr. Trawick pivoted RoboCent's focus to offering this innovative platform nationwide, enabling campaigns and nonprofits of all sizes and backgrounds to deploy highly personalized, data-driven outreach strategies.

As Chairman and CEO since incorporation, Mr. Trawick has built RoboCent into a top provider of campaign communication solutions by combining technical, regulatory, and operational expertise. He has led the Company with an apolitical, nonpartisan approach, providing powerful tools that empower organizations of any affiliation to connect effectively with their audiences. Mr. Trawick has overseen outreach programs for more than 5,000 campaigns, including over 150 statewide races, 180 U.S. House campaigns, 4,000 local elections, nearly 100 party committees, and ballot-measure initiatives across more than 15 states. Recognized as a leading expert in political communications technology, he specializes in TCPA-compliant phone outreach, 10DLC registration, and advanced voter engagement techniques.

Mr. Trawick has served as lead panelist at the Mobile Ecosystem Leadership Forum Americas, is an active member of industry organizations focused on telecom and political technology, and invests in early-stage technology ventures led by entrepreneurs with disciplined execution plans. His adaptive leadership and specialized expertise position FullPAC as a leading provider of compliant, impactful voter outreach solutions.

We believe Mr. Trawick is qualified to serve as a member of our board of directors because of his substantial experience providing voter outreach solutions for political campaigns, knowledge of and familiarity with the industry, and demonstrated history of building RoboCent into a leading provider of campaign communication solutions.

**Isaac Dietrich, Co-Founder, Executive Director-Elect and Chief Financial Officer (Executive Director and Chief Financial Officer position effective December 8, 2025)** 

Isaac Dietrich co-founded RoboCent in 2013 and will serve as Executive Director and Chief Financial Officer of FullPAC, Inc., both effective December 8, 2025.

Additionally, Mr. Dietrich has served as Thumzup Media Corporation's ("Thumzup") Chief Financial Officer and a member of its Board of Directors since October 2024. He has been instrumental in closing approximately $70 million in offerings of common stock and common stock equivalents, along with an acquisition that is expected to result in Thumzup becoming a DogeCoin mining leader, subject to shareholder approval. As Director of Finance from September 2022 to October 2024, Mr. Dietrich guided Thumzup to a successful Nasdaq listing.

From April 2013 to April 2025, Mr. Dietrich was pivotal in closing $100 million through the sale of equity instruments while handling financial reporting, corporate communications, and exchange compliance matters for Greenwave Technology Solutions, Inc. ("Greenwave"), a metal recycling company which generated $33 million in 2024 revenue, and for which he served as Chief Financial Officer from April 2023 to April 2025.

Mr. Dietrich previously held the following positions with Greenwave: Chief Executive Officer (April 2013 – October 2017, December 2017 – September 2021); Chairman of the Board (April 2013 – October 2017, December 2018 – June 2021); Chief Financial Officer (April 2013 – May 2014, August 2017 – October 2017, March 2021 – November 2021, April 2023 – April 2025); and a member of its Board of Directors (April 2013 – November 2021). Mr. Dietrich was a consultant to Greenwave from February 2022 to April 2023. Since February 2023, Mr. Dietrich has served on Truleum, Inc.'s Board of Directors and as Chairman of its Audit Committee.

We believe Mr. Dietrich is qualified to serve as a member of our board of directors because of his background as a public company executive and director, his history with the Company and background in the industry, and his experience in raising funds through the sale of equity instruments.

**Daniel Flowers**, **Chief Technology Officer and Chief Operations Officer** 

Daniel Flowers began providing contracting services to FullPAC, Inc. in August 2025, was appointed our Chief Technology Officer effective September 1, 2025, and was appointed as Chief Operations Officer effective November 20, 2025. Mr. Flowers served as Chief Executive Officer of Issuetrak, Inc. ("Issuetrak") (a privately held provider of help desk and issue tracking software solutions) from March 2020 to August 2025. He joined Issuetrak in 2012 and has held the positions of Cloud Administrator, IT Administrator, Director of IT and Support, Director of Technical Operations, and Vice President of DevOps prior to his appointment as CEO. His responsibilities included setting corporate strategy, overseeing product development and infrastructure, managing multi-department operations, establishing security and compliance programs (SOC 2, HIPAA, GDPR, PCI, FedRAMP, NIST 800-53), implementing cloud migrations, and driving customer satisfaction initiatives. Under his leadership, Issuetrak achieved a world-class Net Promoter Score (NPS) in the high-90's, a 99.8%+ customer satisfaction rating over a 24-month period, and completed a multi-million-dollar migration of its infrastructure from Rackspace to AWS. He also delivered substantial improvements in product quality, expanded feature offerings, accelerated release cadence, strengthened customer engagement programs, and generated sustained growth in both revenue and profitability.

From August 2006 to March 2012, Mr. Flowers was employed by Cegedim Relationship Management (a global life sciences CRM and data services provider) in Chesapeake, Virginia, where he progressed from Customer Service Representative to Technical Support Analyst Supervisor, managing technical support teams, overseeing client service delivery, and maintaining service level agreements.

Mr. Flowers holds numerous professional certifications, including Microsoft Certified Professional, AWS Cloud Practitioner, and Certified ScrumMaster, and has received multiple leadership and performance awards, including HDI Analyst of the Year and Issuetrak's Above and Beyond Award for Outstanding Work Ethic. He has served as Vice President of Content Relations and previously as President for the Southern Virginia HDI chapter, contributing to the advancement of IT service management practices.

Mr. Flowers studied Information Technology at Tidewater Community College and has pursued a Bachelor of Science degree in Cloud Computing and Solutions at Purdue University Global. His professional competencies include information technology infrastructure design, risk management, cybersecurity, human capital management, SaaS product development, and strategic planning.

For many years, Mr. Flowers has been an active member of Vistage, the world's largest CEO coaching and peer advisory organization for small and midsize business leaders. Through Vistage, he has engaged in confidential peer advisory boards, executive coaching, and strategic leadership development, leveraging the program to enhance decision-making, governance practices, and organizational growth strategies.

**Ryan Deal, General Counsel and Secretary**

Ryan Deal has been General Counsel and Secretary of FullPAC, Inc. since June 2025. Between August 2021 and August 2023, Mr. Deal was an associate in the general practice group at Sullivan & Cromwell LLP, where he represented public companies and financial institutions in a range of capital markets, corporate finance, and governance matters. Mr. Deal's practice focused on advising early-stage public companies on matters of securities and corporate law, including debt and equity financing transactions and Exchange Act reporting. From August 2023 to June 2025 when he joined the Company, Mr. Deal conducted independent research and private investment. Mr. Deal holds a B.A. in political science and sociology from Rice University and a J.D. from Washington University School of Law, where he was Articles Editor for the *Washington University Law Review* and graduated *magna cum laude.* His Note "It's Five O'Clock Everywhere: A Framework for the Modernization of Time" received the 2021 Scribes Law Review Award as the best student-written article in a law review or journal. Mr. Deal is an active member of the State Bar of California.

**Joanna Dodd Massey, Lead Independent Director-Elect (effective upon Nasdaq listing)**

Dr. Joanna Dodd Massey will serve as a director of FullPAC, Inc. effective upon listing of the Company's common stock on Nasdaq and is an experienced public company board director. Her other board roles include KULR Technology Group (NYSE American: KULR) ("KULR"), a Bitcoin-Plus Treasury company building frontier technology from high-performance energy systems to AI Robotics. She serves as Lead Independent Director, Chair of Nominating and Corporate Governance, and a member of the Audit and Compensation Committees for KULR.

Dr. Massey has also served on the board of Thumzup, a digital asset accumulator and advertising industry disruptor since October 2024 after previously serving on the Company's Board of Advisors since 2023. In her role on the TZUP board, Dr. Massey is Chair of Nominating & Corporate Governance, as well as a member of the Audit and Compensation Committees. She previously served as Chairman of the Board for TessPay, Inc., a financial technology platform that utilizes blockchain technology to provide payment assurance and liquidity. In addition to her Chairman role, she served as Chair of Nominating & Corporate Governance, and a member of the Audit Committee. From September 2021 until June 2025, Dr. Massey served as an independent director of The Hollywood Foreign Press Association. Since 2019, she has also worked as a Management Consultant for her eponymous company, J.D. Massey Associates, Inc.

Throughout her career, Dr. Massey has held various roles, including assisting micro-cap and small/mid-cap companies attract institutional investors and expand market share by advising them on enterprise risk management and corporate governance. Dr. Massey's expertise in crisis communications and brand reputation management enables her to anticipate stakeholder reactions and advise on change management and navigating risk. As a corporate communications executive, Dr. Massey has managed integration during major merger and acquisition transactions at Lionsgate, CBS, and Discovery; corporate turnaround as Condé Nast pivoted from print to video; and crisis communications with consumers, employees, investors, regulators, and politicians.

Dr. Massey holds multiple graduate degrees in business, law, and psychology. She has a Master of Science in Legal Studies from Cornell Law School; an MBA from the University of Southern California (USC) and a Graduate Certificate in Corporate Finance from Harvard; as well as a Doctorate in Transpersonal Psychology from Sofia University, and a Master of Arts in Clinical Psychology from Antioch University, Los Angeles. Dr. Massey earned a Bachelor of Arts in Journalism from USC.

We believe Dr. Massey is qualified to serve as a member of our board of directors because of her governance background as a public company director, corporate communications executive, and over 30 years of experience advising chairmen and CEOs during the most challenging times, including major crises, whistleblower complaints, public-facing lawsuits, and merger and acquisition transactions, in addition to her extensive academic credentials in both finance and business administration, as well as corporate law.

**Robert Steele, Independent Director-Elect (to be effective upon Nasdaq listing)**

Robert Steele will serve as a director of FullPAC, Inc. effective upon listing of the Company's common stock on Nasdaq. Mr. Steele is the Chief Executive Officer and a director of Thumzup. From October 2019 until present Mr. Steele has operated a consulting business that has provided investor relations, financial, sales and marketing consulting services to various clients. Mr. Steele was the Director of Client Positioning at IRTH Communications, LLC from January 2017 to September 2019. From May 2016 through December 2016, Mr. Steele was an independent consultant rendering sales, marketing and investor relations services. From January 2010 to May 2016 Mr. Steele was the President of Rightscorp, Inc. ("Rightscorp"). While at Rightscorp, Mr. Steele designed and deployed patented intellectual property software as a service (SaaS) tools that were used by major brands like Warner Bros. to protect their intellectual property. As President of Rightscorp, Mr. Steele led the design of the software used by clients like Sony/ATV and BMG. BMG successfully used Mr. Steele's technology to win a landmark $25 million judgment against Cox Communications for copyright infringement. Mr. Steele holds a BS in Electronic and Computer Engineering from George Mason University.

We believe Mr. Steele is qualified to serve as a member of our board of directors because of his background in investor relations and marketing, as well as his considerable experience as a public company officer and director.

**Jason Adelman, Independent Director-Elect (to be effective upon Nasdaq listing)**

Jason Adelman will serve as a director of FullPAC, Inc. effective upon listing of the Company's common stock on Nasdaq. Mr. Adelman brings extensive experience in advising and investing in emerging growth companies in the technology, media, medical device and biotech sectors. Mr. Adelman was the lead banker in Computer Motion's merger with Intuitive Surgical and was a member of the board of directors of Pharmacyclics prior to its acquisition by Abbvie for over $20 billion. Currently, Mr. Adelman serves as a member of the board of directors of Trio-Tech International, a global semiconductor services company, and Oblong, Inc., a leader in next generation collaboration technologies. He served as a member of Greenwave Technology Solutions, Inc.'s board of directors from August 2023 to April 2025. Prior to founding Burnham Hill Capital Group, LLC in 2003, Mr. Adelman served as Managing Director of Investment Banking at H.C. Wainwright and Co., Inc. Mr. Adelman holds a B.A. degree in Economics from the University of Pennsylvania and a J.D. degree from Cornell Law School.

We believe Mr. Adelman is qualified to serve as a member of our board of directors because of his experience advising emerging growth companies, his past service as a director for public companies, and his academic credentials in finance and law.

**Board Committees**

Effective upon a Public Listing, our Board of Directors will have a standing Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.

*Audit Committee*

The Audit Committee will consist of at least three directors, each of whom will satisfy the independence and financial literacy requirements of Nasdaq and the SEC. At least one member will qualify as an "audit committee financial expert" as such term is defined in Item 407(d)(5) of Regulation S-K. The committee's primary purpose will be to assist the Board in its oversight of the integrity of our financial statements, our compliance with legal and regulatory requirements, the independent auditor's qualifications and independence, and the performance of our internal audit function and independent auditor. The Audit Committee will have the sole authority to appoint, compensate, retain, and oversee our independent auditor. It will also be responsible for establishing procedures for the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters and for reviewing and approving any related party transactions in accordance with our Related Party Transaction Policy.

Effective upon a Public Listing, our Audit Committee is expected to consist of Jason Adelman (Chair), Joanna Dodd Massey, and Robert Steele.

*Compensation Committee*

The Compensation Committee will be comprised of members who qualify as "independent directors" under Nasdaq listing standards. The committee's role will be to discharge the Board's responsibilities relating to the compensation of our executives. Its duties include reviewing and approving corporate goals and objectives relevant to the CEO's compensation, evaluating the CEO's performance, and determining the CEO's compensation based on that evaluation. The committee will also make recommendations regarding the compensation of other executive officers, administer our incentive and equity-based plans, and oversee our compensation recovery ("clawback") policy. The committee will have the authority to retain and oversee compensation consultants and other advisors.

Effective upon a Public Listing, our Compensation Committee is expected to consist of Robert Steele (Chair), Joanna Dodd Massey, and Jason Adelman.

*Nominating and Corporate Governance Committee*

The Nominating and Corporate Governance Committee will consist of at least three directors, each of whom will be an independent director under Nasdaq rules. The committee will be responsible for identifying and recommending to the Board qualified individuals to be nominated for election as directors, recommending members for each Board committee, and overseeing the evaluation of the Board and management.

Effective upon a Public Listing, our Nominating and Corporate Governance Committee is expected to consist of Joanna Dodd Massey (Chair), Jason Adelman, and Robert Steele.

**Corporate Governance**

Our Board of Directors has prospectively adopted a suite of corporate governance documents that will take effect upon a Public Listing and formalize our commitment to ethical business practices and compliance.

*Code of Business Conduct and Ethics*

We have prospectively adopted a Code of Business Conduct and Ethics that will apply to all of our directors, officers, and employees, as well as certain contractors. The code sets forth our standards for ethical and legal behavior and provides reporting mechanisms for known or suspected violations. It addresses conflicts of interest, compliance with laws, accurate financial reporting, fair dealing, and the protection of confidential information and company assets. The Audit Committee will be responsible for reviewing compliance with the Code of Conduct.

*Insider Trading Policy*

 

We have prospectively adopted an Insider Trading Policy that will apply to all directors, officers, employees, and certain consultants and contractors, as well as their family members and controlled entities. The policy prohibits trading in the Company's securities while in possession of material nonpublic information and prohibits the provision of such information to others. Directors, officers, and other designated employees will be subject to quarterly and special trading blackout periods and will be required to pre-clear all transactions in Company securities.

*Whistleblower Policy*

 

We have prospectively adopted a Whistleblower Policy that provides a process for employees and others to report good-faith concerns about suspected violations of laws, ethics, company policies, or questionable accounting and auditing matters. The policy will be administered by the Audit Committee and strictly prohibits retaliation against any person who makes a good-faith report.

*Compensation Recovery (Clawback) Policy*

In compliance with Nasdaq listing standards, we have prospectively adopted a policy that will require the Company to recover, reasonably promptly, any erroneously awarded incentive-based compensation from current and former executive officers in the event the Company is required to prepare an accounting restatement due to material noncompliance with financial reporting requirements.

**Family Relationships**

There are no family relationships among any of our directors or executive officers.

**Legal Proceedings**

There are no legal proceedings related to any one of our directors or executive officers which are required to be disclosed pursuant to applicable SEC rules.

**Agreements with Directors**

None of our directors were selected pursuant to any arrangement or understanding, other than with our directors acting within their capacity as such.

**COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS**

**Summary Compensation Table**

The table and discussion below present compensation information for Travis Trawick, our sole executive officer and sole director during December 31, 2024, our last completed fiscal year:

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year** | **Salary** | **Bonus** | **Stock Awards <sup>(2)</sup>** | **Option Awards** | **Non-equity Incentive plan compensation** | **Nonqualified deferred compensation earnings** | **All other compensation** | **Total** |
|  |  | **($)** | **($)** | **($)** | **($)** | **($)** | **($)** | **($) <sup>(1)</sup>** | **($)** |
| Travis Trawick | 2024 | 60609 |  | 10025 |  |  |  | 14400 | 85034 |
| Chief Executive Officer, Interim Chief Financial Officer and Sole Director |  |  |  |  |  |  |  |  |  |

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&nbsp;&nbsp;&nbsp;&nbsp;**(1)** Includes
 auto allowance of $14,400.

&nbsp;&nbsp;&nbsp;&nbsp;**(2)** Includes
 dividend payments of $10,025 issued for shares of RoboCent held by Mr. Trawick as the Company's sole
 shareholder.

**Narrative Disclosure to Summary Compensation Table**

For the year ended December 31, 2024, our Chief Executive Officer, Travis Trawick, received total compensation of $85,034. This amount included a salary of $60,609, cash dividend distribution of $10,025, and $14,400 in other compensation. The stock awards consisted of dividend payments on shares of RoboCent held by Mr. Trawick as the Company's sole shareholder. The amount reported as other compensation for 2024 consists entirely of a $14,400 auto allowance.

**Executive Compensation Arrangements**

***Employment Agreements***

Mr. Trawick is party to an employment agreement with FullPAC, Inc., dated as of September 1, 2025 (the "Trawick Employment Agreement"). The Trawick Employment Agreement provides for a base salary of $175,000, an automobile allowance aggregating to $14,400 per year, and a health and wellness stipend aggregating to $2,400 per year, along with payment of certain connectivity expenses. Upon a Public Listing (as defined in the Trawick Employment Agreement), Mr. Trawick's base salary will increase to $300,000, the health and wellness stipend will increase to $9,600 per year, and the automobile allowance will increase to $24,000 per year.

***Founders Share Plan***

Holders of a majority of the issued and outstanding shares of common stock approved the adoption of a 2025 Long-Term Incentive Plan (the "Founders Share Plan"), providing the Company the ability to utilize stock options, restricted stock awards, RSUs, and other equity instruments as compensation for early and key employees, contractors, directors, and consultants of the Company. The Founders Share Plan has been instrumental in attracting, motivating, and retaining key employees, contractors, directors, and consultants by providing them with a proprietary interest in the company's success. Under the Founders Share Plan, an aggregate of 5,245,000 shares of common stock were issued. On September 26, 2025, we amended the Founders Share Plan to increase the number of authorized shares of common stock to 6,000,000, of which 755,000 remain available for issuance.

The grants under the Founders Share Plan stipulate that, if a recipient is terminated for cause or voluntarily resigns for any reason, a portion of their shares will be subject to forfeiture and recovery by the Company. This forfeiture provision will be in effect for a period of twelve (12) months beginning on the date of a Public Listing. The number of shares to be forfeited is calculated on a pro-rata basis, determined by multiplying the total number of shares in the grant by a fraction, the numerator of which is the number of days remaining in the twelve-month forfeiture period and the denominator of which is 365. Any shares forfeited will be returned to the pool of shares available for future issuance under the Founders Share Plan.

**Administration.** The Founders Share Plan is currently administered by the board of directors. Upon a Public Listing, the compensation committee of our board of directors (the "Compensation Committee") will administer the Founders Share Plan. The Compensation Committee has the authority to, among other things, select participants, determine the type and size of awards, and set the terms and conditions of such awards.

**Eligibility.** Our employees, contractors, non-employee directors, and key consultants are eligible to receive awards under the Founders Share Plan. The Compensation Committee will determine which individuals will receive awards.

**Shares Available for Issuance.** There are currently 755,000 shares of our common stock reserved for issuance under the Founders Share Plan. Shares subject to awards that are forfeited, expire, or are cancelled will become available for future grants.

**Types of Awards.** The Founders Share Plan permits the grant of the following types of awards:

● **Stock Options:** The right to purchase shares of our common stock at a fixed price (the exercise price) for a specified period. The exercise price of an option will be no less than the fair market value of our common stock on the date of grant. Options will have a maximum term of ten years.

● **Stock Appreciation Rights (SARs):** The right to receive a payment, in cash or stock, equal to the appreciation in value of a specified number of shares of our common stock over a specified period.

● **Restricted Stock and Restricted Stock Units (RSUs):** Awards of shares of common stock (Restricted Stock) or units denominated in shares of common stock (RSUs) that are subject to vesting conditions, which may be based on continued service or the achievement of performance goals.

● **Performance Awards:** Awards that are earned upon the achievement of specified performance goals over a performance period. Performance awards may be paid in cash, shares of our common stock, or a combination of both.

● **Dividend Equivalent Rights:** The right to receive payments equivalent to the dividends paid on shares of our common stock. These rights may be granted in connection with other awards (other than stock options or SARs) and are subject to the same vesting conditions as the underlying award.

● **Other Awards:** Other forms of equity-based awards that the Compensation Committee determines to be consistent with the purpose of the Founders Share Plan.

**Adjustments.** In the event of certain corporate transactions, such as a stock split, merger, or consolidation, the Compensation Committee will make appropriate adjustments to the number of shares available under the Founders Share Plan and the terms of outstanding awards to prevent dilution or enlargement of the benefits intended to be made available.

**Change in Control.** The Founders Share Plan provides that in the event of a change in control of the company, the Compensation Committee may, in its discretion, provide for the assumption, substitution, or cancellation of outstanding awards. If awards are cancelled, participants may receive a cash payment for their vested awards.

**Amendment and Termination.** Our board of directors may amend, suspend, or terminate the Founders Share Plan at any time. However, stockholder approval will be required for certain amendments, such as an increase in the number of shares available for issuance or the repricing of stock options. The Founders Share Plan will terminate ten years from its effective date, unless terminated earlier by the board.

**SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITYHOLDERS**

The following table sets forth, as of November 20, 2025, certain information with respect to the beneficial ownership of our voting stock by (i) each director and executive officer who beneficially owns more than 10% of our voting securities, (ii) all stockholders (other than the directors and executive officers named in (i) that beneficially own more than 10% of our voting securities as such beneficial ownership would be calculated if the issuer were subject to Rule 13d-3(d)(1) of the Securities Exchange Act of 1934, as amended, and (iii) all directors and executive officers as a group.

We have determined beneficial ownership in accordance with the rules of the SEC, which generally includes voting or investment power over securities. Except in cases where community property laws apply or as indicated in the footnotes to this table, we believe, based on the information furnished to us, that each stockholder identified in the table possesses sole voting and investment power over all shares of common stock shown as beneficially owned by the stockholder.

Percentage of ownership prior to the offering is based on 20,245,000 shares of common stock issued and outstanding as of November 20, 2025. Percentage of ownership after the offering is based on 30,245,000 shares of common stock issued and outstanding, following the issuance of 10,000,000 shares of common stock which is the maximum number of Offered Shares in this offering. Does not give effect to the issuance of 350,000 shares underlying the Placement Agent Warrants or 755,000 shares reserved for issuance under the Founders Share Plan.

---

| | | | |
|:---|:---|:---|:---|
| **Name and Address of Beneficial Owner<sup>(1)</sup>** | **Number of Shares of Common Stock Beneficially Owned** | **Percentage of Common Stock Beneficially Owned Before Offering** | **Percentage of Common Stock Beneficially Owned After Offering** |
| Travis Trawick | 15000000 | 74.09% | 49.59% |
| Isaac Dietrich | 2015000 | 9.95% | 6.66% |
| Ryan Deal | 500000 | 2.47% | 1.65% |
| Daniel Flowers | 500000 | 2.47% | 1.65% |
| Joanna Dodd Massey | 100000 | 0.49% | 0.33% |
| Robert Steele | 100000 | 0.49% | 0.33% |
| Jason Adelman | 100000 | 0.49% | 0.33% |
| All directors and executive officers as a group (7 persons) | 18315000 | 90.45% | 60.54% |

---

*(1)* *Unless otherwise noted, the business address of each of those listed in the table is c/o FullPAC, Inc., 1206 Laskin Road Suite 201-O, Virginia Beach, Virginia, 23451.* 

 

**INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS**

 

**General**

Other than the transactions discussed below, and the executive compensation arrangements described in the section titled "Compensation of Directors and Executive Officers," since January 1, 2023, there was not, and there is not currently proposed, any transaction or series of similar transactions to which we were or will be a party for which the amount involved exceeds or will exceed the lesser of (i) $120,000 and (ii) one percent of the average of the Company's total assets at yearend for the fiscal years ended December 31, 2024, and 2023 and in which any director, executive officer, any nominee for election as a director, any holder that beneficially owns more than 10% of any class of our voting securities, or any member of the immediate family of any of the foregoing, had or will have a direct or indirect material interest (any such transaction, a "related party transaction").

**Related Party Transactions**

*Dividend Payments*

 

RoboCent, Inc. made regular cash dividend distributions to Travis Trawick, its Chief Executive Officer and sole director and shareholder. During the years ended December 31, 2024, and 2023, RoboCent, Inc. made dividend distributions in the amount of $10,025 and $50,926, respectively.

*FullPAC Merger*

 

On June 26, 2025, Mr. Trawick, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. FullPAC, Inc. was incorporated in the State of Nevada on June 25, 2025 by Mr. Trawick. Pursuant to the Agreement and Plan of Merger, Mr. Trawick received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent, Inc., FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc. The transaction will be accounted for as a common control transaction.

*Seed Notes*

 

In connection with our issuances from June through September 2025 of the Seed Notes, certain of our executive officers (or their immediate family members) and directors (upon a Public Listing) purchased Seed Notes with principal amounts aggregating to approximately $263,603.

● Travis Trawick, our Co-Founder, Chief Executive Officer, Chairman, and Interim Chief Financial Officer purchased Seed Notes with principal amounts aggregating to $52,500.

● Isaac Dietrich, our Co-Founder, Chief Financial Officer and Director (both to be effective December 8, 2025), purchased a Seed Note with a principal amount of $52,500.

● Ryan Deal, our General Counsel and Secretary, purchased a Seed Note with a principal amount of $21,000.

● Daniel Flowers, our Chief Technology Officer and Chief Operations Officer, purchased Seed Notes with principal amounts aggregating to $15,750.

● Brian Trawick, an immediate family member of our Chief Executive Officer, purchased Seed Notes with principal amounts aggregating to $21,000.

● Laurence Benson, an immediate family member of our Chief Executive Officer, purchased a Seed Note with a principal amount of $10,500.

● Michele Moxey, an immediate family member of our Chief Executive Officer, purchased Seed Notes with principal amounts aggregating to $15,750.

● Gilbert Dietrich, an immediate family member of our to-be Chief Financial Officer and Director, purchased Seed Notes with principal amounts aggregating to $17,325.

● April Dietrich, an immediate family member of our to-be Chief Financial Officer and Director, purchased a Seed Note with a principal amount of $4,568.

● Leslie Deal, an immediate family member of our General Counsel and Secretary, purchased a Seed Note with a principal amount of $21,000.

● Joanna Dodd Massey, our lead independent director-elect, purchased a Seed Note with a principal amount of $26,250.

● Robert Steele, our independent director-elect, purchased a Seed Note with a principal amount of $10,500.

The Seed Notes issued to our executive officers (or their immediate family members) and directors are identical in their terms to the Seed Notes issued to other investors, and our executive officers (and their immediate family members) and directors do not receive any extra or special benefit in connection with the Seed Notes held by them. For the avoidance of doubt, the Seed Notes do not grant the holders any equity, conversion rights, or ownership in the Company. For more information on the terms of the Seed Notes, see "*Description of Business—Senior Secured Notes*."

**Policies and Procedures for Approval of Related Party Transactions**

If we contemplate entering into any transaction with a related party, regardless of the amount involved, the terms of such transaction are required to be presented to our Board for approval in advance of the transaction. Any director, officer or employee who becomes aware of a transaction or relationship that could reasonably be expected to give rise to a conflict of interest is required to disclose the matter promptly to our Board. Our Board must then either approve or reject the transaction and may only approve the transaction if it determines, based on all of the information presented, that the related party transaction is not inconsistent with the best interests of the Company and its stockholders.

Effective upon a Public Listing, we have adopted a formal written Related Party Transaction Policy. Pursuant to its charter, our Audit Committee will be responsible for reviewing and approving or ratifying any transaction between the Company and any related person that is required to be disclosed under the rules of the SEC. Directors and officers are required to obtain prior authorization from the Audit Committee before entering into any transaction that may pose a conflict of interest.

**SECURITIES BEING OFFERED** 

**General**

Our authorized capital stock consists of 260,000,000 shares of capital stock, consisting of 250,000,000 shares of common stock, $0.0001 par value per share, and 10,000,000 shares of preferred stock, $0.0001 par value per share.

As of the date of this Offering Circular, there were 20,245,000 shares of our common stock issued and outstanding held by 21 holders of record and 755,000 shares of our common stock reserved for issuance under our Founders Share Plan.

**Common Stock**

All outstanding shares of our common stock are fully paid and nonassessable. The following summarizes the rights of holders of our common stock:

● a holder of common stock is entitled to one vote per share on all matters to be voted upon generally by the stockholders and is not entitled to cumulative voting for the election of directors;

● subject to preferences that may apply to shares of preferred stock outstanding, the holders of common stock are entitled to receive lawful dividends as may be declared by our Board of Directors;

● upon our liquidation, dissolution, or winding up, the holders of shares of common stock are entitled to receive a *pro rata* portion of all our assets remaining for distribution after the satisfaction of all our liabilities and the payment of any liquidation preference on any outstanding shares of preferred stock;

● there are no redemption or sinking fund provisions applicable to our common stock; and

● there are no preemptive, subscription, or conversion rights applicable to our common stock.

**Preferred Stock**

Our Board of Directors is authorized, without further approval from our stockholders, to create one or more series of preferred stock, and to designate the rights, privileges, preferences, restrictions, and limitations of any given series of preferred stock. Accordingly, our Board of Directors may, without stockholder approval, issue shares of preferred stock with dividend, liquidation, conversion, voting, or other rights that could adversely affect the voting power or other rights of the holders of our common stock. The issuance of preferred stock could have the effect of restricting dividends payable to holders of our common stock, diluting the voting power of our common stock, impairing the liquidation rights of our common stock, or delaying or preventing a change in control, all without further action by our stockholders. Further, the ability to authorize undesignated preferred stock makes it possible for our Board of Directors to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to acquire us. These and other provisions may have the effect of deferring hostile takeovers or delaying changes in control or management.

**Anti-Takeover Effects of Nevada Law and Our Articles of Incorporation and Bylaws**

Some provisions of Nevada law, our Articles of Incorporation, and our Bylaws contain provisions that could make the following transactions more difficult: an acquisition of us by means of a tender offer; an acquisition of us by means of a proxy contest or otherwise; or the removal of our incumbent officers and directors. It is possible that these provisions could make it more difficult to accomplish or could deter transactions that stockholders may otherwise consider to be in their best interest or in our best interests, including transactions that provide for payment of a premium over the price for our shares.

These provisions, summarized below, are intended to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of us to first negotiate with our Board of Directors. We believe that the benefits of the increased protection of our potential ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure us outweigh the disadvantages of discouraging these proposals because negotiation of these proposals could result in an improvement of their terms.

*<u>Stockholder Meetings</u>.* Our Bylaws provide that a special meeting of the stockholders, unless otherwise required by the Articles of Incorporation, may be called at any time only by the entire Board of Directors. A special meeting of the stockholders may not be called by any other person or persons. The Board of Directors may cancel, postpone or reschedule any previously scheduled special meeting at any time, before or after the notice for such meeting has been sent to the stockholders.

*<u>Stockholder Action by Written Consent without a Meeting</u>.* Our Bylaws provide that, otherwise provided in the Articles of Incorporation, any action required by statute to be taken at any annual or special meeting of the stockholders, or any action which may be taken at an annual or special meeting of stockholders, 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 record on the record date (established in the manner as set forth pursuant to the Bylaws) of our outstanding shares having at least the 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; provided, however, that in the case of the election or removal of directors by written consent, such consent shall be effective only if signed by the holders of all outstanding shares entitled to vote for the election of directors.

*<u>Stockholders Not Entitled to Cumulative Voting</u>.* Our Bylaws do not permit stockholders to cumulate their votes in the election of directors. Accordingly, the holders of a majority of the outstanding shares of our common stock entitled to vote in any election of directors can elect all of the directors standing for election, if they choose, other than any directors that holders of our preferred stock may be entitled to elect.

*<u>Removal of Directors</u>*. Our Bylaws provide that unless otherwise provided in the Articles of Incorporation, any director may be removed as a director by the vote of stockholders representing not less than two-thirds of the voting power of our issued and outstanding stock entitled to vote thereon.

*<u>Nevada Business Combination Statutes</u>*. We have elected not to be governed by the terms and provisions of Sections 78.311 through 78.444 of the Nevada Revised Statutes, inclusive.

*<u>Amendment of Bylaws or Charter Provisions</u>.* Any article or provision of the Bylaws may be altered, amended or repealed at any time, or new bylaws may be adopted at any time, by a majority of the directors present at any meeting of the Board of Directors of the corporation at which a quorum is present, in the sole and absolute discretion of the Board of Directors. We reserve the right to amend, alter, change or repeal any provision contained in the Articles of Incorporation, in the manner currently or hereafter prescribed by statute, and all rights conferred upon stockholders, subject to such reservation.

*<u>Limited Liability</u>*. The liability of our directors or officers to us or our stockholders for monetary damages for acts or omissions occurring in their capacity as directors or officers shall be limited to the fullest extent permitted by the laws of the State of Nevada and any other applicable law, as such laws now exist and to such greater extent as they may provide in the future.

The provisions of Nevada law, our Articles of Incorporation, and our Bylaws could have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit temporary fluctuations in the price of our common stock that often result from actual or rumored hostile takeover attempts. These provisions may also have the effect of preventing changes in the composition of our Board of Directors and management. It is possible that these provisions could make it more difficult to accomplish transactions that stockholders may otherwise deem to be in their best interests.

**Transfer Agent and Registrar**

The transfer agent and registrar for our common stock is Equity Stock Transfer, Inc. The transfer agent and registrar's address is 237 W. 37th St. #602, New York, NY 10018, phone number (212) 575-5757.

**DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION**

**FOR SECURITIES ACT LIABILITIES**

The law of Nevada provides for discretionary indemnification for each person who serves as or at our request as an officer, director, employee, or agent. We may indemnify such individual against all costs, expenses, and liabilities incurred in a threatened, pending or completed action, suit, or proceeding brought because such individual is a director, officer, employee, or agent. Such individual must have conducted himself/herself in good faith and reasonably believed that his conduct was in, or not opposed to, our best interests. In a criminal action, he/she must not have had a reasonable cause to believe his/her conduct was unlawful. Such discretionary indemnification must be determined by the stockholders, the board of directors by majority vote of a quorum not including those who were parties to the action, suit, or proceeding, or, in certain circumstances, independent legal counsel in a written opinion. Notwithstanding the above, our Articles of Incorporation further provide that our Bylaws and any agreements cannot provide for the advancement of expenses incurred relating to or arising from proceedings in which we assert a direct claim against an indemnitee or in a proceeding where an indemnitee asserts a direct claim against us.

Our Articles of Incorporation provide that our Company shall indemnify its officers, directors, and agents to the fullest extent permitted by applicable law, and as provided for in the Company's Bylaws and agreements.

Our Articles of Incorporation further provide that the liability of our directors and offices shall be eliminated or limited to the fullest extent permitted by the Nevada Revised Statutes.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted for directors, officers and controlling persons pursuant to the foregoing, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.

At present, there is no pending litigation or proceeding involving any of our directors, officers or employees in which indemnification is sought, nor are we aware of any threatened litigation that may result in claims for indemnification.

**EXPERTS**

The balance sheets of the Company as of December 31, 2024, and 2023, the related statements of operations, stockholder's equity and cash flows for the years ended December 31, 2024, and 2023, and the related notes have been audited by M&K CPAs, PLLC, an independent registered public accounting firm, as stated in their report which such report is included in this Offering Circular. Such financial statements have been included in this Offering Circular in reliance on the report of such firm given upon their authority as experts in accounting and auditing.

**LEGAL MATTERS**

Certain legal matters with respect to the securities offered by this Offering Circular will be passed upon by Haynes and Boone, LLP, New York, New York. Certain legal matters will be passed upon for the Placement Agent by Sheppard, Mullin, Richter & Hampton LLP, New York, New York.

**WHERE YOU CAN FIND MORE INFORMATION**

We have filed an offering statement on Form 1-A with the SEC under Regulation A of the Securities Act with respect to the Offered Shares offered by this Offering Circular. 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. Statements contained in this Offering Circular regarding the contents of any contract or any other document that is filed as an exhibit to the offering statement are not necessarily complete, 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. The offering statement, including its exhibits and schedules, may be inspected without charge at the public reference room maintained by the SEC, located at 100 F Street, N.E., Room 1580, Washington, D.C. 20549, and copies of all or any part of the offering statement may be obtained from such offices upon the payment of the fees prescribed by the SEC. Please call the SEC at 1-800-SEC-0330 for further information about the public reference room. The SEC also maintains an Internet website that contains reports, proxy and information statements and other information regarding registrants that file electronically with the SEC. The address of the site is www.sec.gov.

After the completion of this offering, you may access this Offering Circular and other information about the Company at our website at www.GOTV.com free of charge as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC. Information contained on our website is not a part of this Offering Circular and the inclusion of our website address in this Offering Circular is an inactive textual reference only.

After the completion of this Tier 2, Regulation A offering, we do not intend on becoming subject to the information and periodic reporting requirements of the Exchange Act. If, however, we become subject to the reporting requirements of the Exchange Act, we will file periodic reports, proxy statements and other information with the SEC. Such periodic reports, proxy statements and other information will be available for inspection and copying at the public reference room and on the SEC's website referred to above. Until we become or never become subject to the reporting requirements of the Exchange Act, we will furnish the following reports, statements, and tax information to each holder of our common stock:

1. **Reporting Requirements under Tier 2 of Regulation A**. Following this Tier 2, Regulation A offering, we will be required to comply with certain
 ongoing disclosure requirements under Rule 257 of Regulation A. We will be required to file: an annual report with the SEC on Form
 1-K; a semi-annual report with the SEC on Form 1-SA; current reports with the SEC on Form 1-U; and a notice under cover of Form 1-Z.
 The necessity to file current reports will be triggered by certain corporate events, similar to the ongoing reporting obligation
 faced by issuers under the Exchange Act, however, the requirement to file a Form 1-U is expected to be triggered by significantly
 fewer corporate events than that of the Form 8-K. Such reports and other information will be available for inspection and copying
 at the public reference room and on the SEC's website referred to above. Parts I & II of Form 1-Z will be filed by us if
 and when we decide to and are no longer obligated to file and provide annual reports pursuant to the requirements of Regulation A.

2. **Annual Reports**. As soon as practicable, but in no event later than 120 days after the close of our fiscal year,
 ending on the last Sunday of a calendar year, we will mail or make available, by any reasonable means, to each holder of our commons
 stock as of a date selected by the Company, an annual report containing our financial statements for such fiscal year, presented
 in accordance with GAAP, including a balance sheet and statements of operations, company equity and cash flows, with such statements
 having been audited by an accountant selected by the Company. The Company shall be deemed to have made a report available to each
 holder of our common stock as required if it has either (i) filed such report with the SEC via its Electronic Data Gathering, Analysis
 and Retrieval, or EDGAR, system and such report is publicly available on such system or (ii) made such report available on any website
 maintained by us and our affiliate and available for viewing by holders of common stock.

We may deliver the above information to each holder of common stock via our website.

**PART I — FINANCIAL INFORMATION**

**ITEM 1 – FINANCIAL STATEMENTS**

Index to Financial Statements

---

| | |
|:---|:---|
| For the periods ended June 30, 2025 and 2024 |  |
| [Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024](#bs_001) | F-2 |
| [Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025, and 2024 (unaudited)](#bs_002) | F-3 |
| [Condensed Consolidated Statement of Changes in Shareholder Equity (Deficit) for the three and six months ended June 30, 2025, and 2024 (unaudited)](#bs_003) | F-4 |
| [Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025, and 2024 (unaudited)](#bs_004) | F-5 |
| [Notes to Financial Statements](#RMa_002) | F-6 |

---

---

| | |
|:---|:---|
| For the years ended December 31, 2024, and 2023 |  |
| [Report of Independent Registered Public Accounting Firm (PCAOB ID: 2738)](#fin_001)<br>| F-13 |
| [Balance Sheets as of December 31, 2024, and 2023](#fin_002) | F-14 |
| [Statements of Operations for the years ended December 31, 2024, and 2023](#fin_003) | F-15 |
| [Statement of Changes in Shareholder Equity for the years ended December 31, 2024, and 2023](#fin_004) | F-16 |
| [Statements of Cash Flows for the years ended December 31, 2024, and 2023](#fin_005) | F-17 |
| [Notes to Financial Statements](#fin_006) | F-18 |

---

**FullPAC, Inc.**

**Condensed Consolidated Balance Sheets**

---

| | | |
|:---|:---|:---|
|  | **June 30, 2025<br> (unaudited)** | **December 31, 2024** |
| **Assets** |  |  |
| Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $148224 | $148368 |
| Total current assets | 148224 | 148368 |
| Noncurrent Assets: |  |  |
| &nbsp;&nbsp;&nbsp;Capitalized development costs, net | 74016 | 86594 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 804 | 1206 |
| Total noncurrent assets | 74820 | 87800 |
| Total Assets | $223044 | $236168 |
| **Liabilities and Shareholder Equity (Deficit)** |  |  |
| Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $220248 | $51385 |
| &nbsp;&nbsp;&nbsp;Secured notes payable | - | 75000 |
| Total current liabilities | 220248 | 126385 |
| Noncurrent Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Long term secured notes payable, net | 137093 |  |
| &nbsp;&nbsp;&nbsp;Long term secured notes payable, related party, net | 25154 | - |
| Total noncurrent liabilities | 162247 | - |
| Total Liabilities | 382495 | 126385 |
| Shareholder Equity (Deficit): |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.0001 par value, 10,000,000 shares authorized and 0 shares issued and outstanding |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value, 250,000,000 shares authorized and 15,000,000 shares issued and outstanding | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | (1500) | (1500) |
| &nbsp;&nbsp;&nbsp;Retained earnings (accumulated deficit) | (159451) | 109783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Shareholder Equity (Deficit) | (159451) | 109783 |
| Total Liabilities and Shareholder Equity (Deficit) | $223044 | $236168 |

---

See accompanying notes to the unaudited condensed financial statements.

**FullPAC, Inc.**

**Condensed Consolidated Statements of Operations**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Six Months Ended**<br>**June 30, 2025** | **Six Months Ended**<br>**June 30, 2024** | **Three Months Ended**<br>**June 30, 2025** | **Three Months Ended**<br>**June 30, 2024** |
| Revenue | $233875 | $298104 | $184882 | $117580 |
| Cost of revenue | 57245 | 132285 | 29795 | 51868 |
| &nbsp;&nbsp;&nbsp;Gross profit | 176630 | 165819 | 155087 | 65712 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 391140 | 165791 | 308678 | 85264 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 30421 | 25100 | 14718 | 13693 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 421561 | 190891 | 323396 | 98957 |
| Operating loss | (244931) | (25072) | (168309) | (33245) |
| Other expense: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (7047) | (4981) | (4479) | (2907) |
| &nbsp;&nbsp;&nbsp;Total other expense | (7047) | (4981) | (4479) | (2907) |
| Net loss | $(251978) | $(30053) | $(172788) | $(36152) |
| Net loss per share - basic | $(0.02) | $(0.00) | $(0.01) | $(0.00) |
| Net loss per share - diluted | $(0.02) | $(0.00) | $(0.01) | $(0.00) |
| Weighted average shares outstanding - basic | 15000000 | 15000000 | 15000000 | 15000000 |
| Weighted average shares outstanding - diluted | 15000000 | 15000000 | 15000000 | 15000000 |

---

See accompanying notes to the unaudited condensed financial statements.

**FullPAC, Inc.**

**Condensed Consolidated Statements of Shareholder Equity (Deficit)**

**For the three and six months ended June 30, 2025, and 2024**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amounts** | **Additional<br> Paid In**<br>**Capital** | **Retained Earnings**<br>**<br> (Accumulate Deficit)**  | **Total<br> Shareholders'**<br>**Equity** |
| **Balance December 31, 2024** | 15000000 | $1500 | $(1500) | $109783 | $109783 |
| Dividend distribution |  |  |  | (8524) | (8524) |
| Net loss | - | - | - | (79190) | (79190) |
| **Balance March 31, 2025** | 15000000 | 1500 | (1500) | 22069 | 22069 |
| Dividend distribution |  |  |  | (8732) | (8732) |
| Net loss | - | - | - | (172788) | (172788) |
| **Balance June 30, 2025** | 15000000 | $1500 | $(1500) | $(159451) | $(159451) |
| **Balance December 31, 2023** | 15000000 | $1500 | $(1500) | $46701 | $46701 |
| Net income | - | - | - | 6099 | 6099 |
| **Balance March 31, 2024** | 15000000 | 1500 | (1500) | 52800 | 52800 |
| Dividend distribution |  |  |  | (7830) | (7830) |
| Net loss | - | - | - | (36152) | (36152) |
| **Balance June 30, 2024** | 15000000 | $1500 | $(1500) | $8818 | $8818 |

---

See accompanying notes to the unaudited condensed financial statements.

**FullPAC, Inc.**

**Condensed Consolidated Statements of Cash Flows**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended**<br>**June 30, 2025** | **Six Months Ended**<br>**June 30, 2024** |
| **Cash Flows from Operating Activities:** |  |  |
| Net loss | $(251978) | $(30053) |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Amortization expense | 31167 | 25100 |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaids and current asset |  | (28538) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | 168863 | (39141) |
| Net cash used in operating activities | (51948) | (72632) |
| **Cash Flows from Investing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Payment of capitalized development costs | (17440) | (43441) |
| Net cash used in investing activities | (17440) | (43441) |
| **Cash Flows from Financing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from note payable | 136500 | 150000 |
| &nbsp;&nbsp;&nbsp;Proceeds from note payable, related party | 25000 |  |
| &nbsp;&nbsp;&nbsp;Payments on note payable | (75000) |  |
| &nbsp;&nbsp;&nbsp;Dividends paid | (17256) | (7830) |
| Net cash provided by financing activities | 69244 | 142170 |
| Net change in cash and cash equivalents | (144) | 26097 |
| Cash and cash equivalents, at beginning of period | 148368 | 52601 |
| Cash and cash equivalents, at end of period | $148224 | $78698 |
| Supplemental disclosures of cash flow information: |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $5371 | $1276 |
| &nbsp;&nbsp;&nbsp;Cash paid for income taxes | $- | $- |

---

See accompanying notes to the unaudited condensed financial statements.

**FULLPAC, INC.** 

**Notes to the Unaudited Condensed Consolidated Financial Statements**

**NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION**

FullPAC, Inc. ("FullPAC" or the "Company") was incorporated in Nevada on June 25, 2025. RoboCent, Inc. ("RoboCent"), which operates a political communications technology platform, is the Company's subsidiary. RoboCent was incorporated in the State of Virginia on August 16, 2016.

On June 26, 2025, the sole shareholder of RoboCent approved an Agreement and Plan of Merger with FullPAC. FullPAC was incorporated by the sole shareholder of RoboCent. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent received the same class and number of shares of stock in FullPAC, as he previously held in RoboCent. FullPAC became the sole shareholder of RoboCent, and RoboCent became a wholly owned subsidiary of FullPAC. The transaction was accounted for as a common control transaction under FASB ASC 805. Under ASC 805, the transaction resulted in a change in reporting entity. At the time of the merger, FullPAC had no assets nor liabilities. As a result of the transaction, the Company retrospectively combined both entities using the book value method and transferred all of Robocent's assets and liabilities to FullPAC.

Effective June 26, 2025, the Company conducted a forward-split such that 25,000 shares of common stock became 15,000,000 shares of common stock. The forward stock split has been retroactively adjusted throughout these financial statements and footnotes.

The accompanying unaudited condensed consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the "SEC"). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary for a fair statement of the results for the interim periods presented. Interim results are not necessarily indicative of the results for the full year. Our unaudited condensed consolidated financial statements include the accounts of FullPAC, Inc. and RoboCent, Inc., our wholly owned subsidiary. All intercompany transactions were eliminated during consolidation.

Certain information and disclosures normally included in the notes to the annual financial statements have been condensed, consolidated, or omitted from these interim unaudited condensed consolidated financial statements. Accordingly, these interim unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto for the for the fiscal years ended December 31, 2024 and 2023 included in the Company's Form 1-A. The Company's fiscal year end is December 31.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Use of Estimates**

The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include software capitalization and amortization. Actual results may differ from these estimates.

**Fair Value of Financial Instruments**

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 825-10, "Financial Instruments" ("ASC 825-10") requires disclosure of the fair value of certain financial instruments. The estimated fair value of certain financial instruments, including cash, accounts payable and accrued liabilities are carried at historical cost basis, which approximates their fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the consolidated financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk.

The Company follows ASC 825-10, which permits entities to choose to measure many financial instruments and certain other items at fair value.

**Cash**

For purposes of the consolidated statements of cash flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents. As of June 30, 2025 and December 31, 2024, the Company had no cash equivalents. The Company maintains its cash in banks insured by the Federal Deposit Insurance Corporation in accounts that at times may be in excess of the federally insured limit of $250,000 per bank. The Company minimizes this risk by placing its cash deposits with major financial institutions. As of June 30, 2025 and December 31, 2024, the uninsured balances amounted to $0 and $0, respectively.

**Property and Equipment, net**

We state property and equipment at cost or, if acquired through a business combination, fair value at the date of acquisition. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, except for our leasehold improvements, which are depreciated over the shorter of their estimated useful lives or their related lease term. Upon the sale or retirement of assets, the cost and related accumulated depreciation are removed from our accounts and the resulting gain or loss is credited or charged to income. We expense costs for repairs and maintenance when incurred.

**Related Parties**

The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions.

**Operating leases**

The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, operating lease right-of-use ("ROU") assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company's incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

**Revenue Recognition**

The Company's revenues are accounted for under ASC Topic 606, "Revenue From Contracts With Customers" ("ASC 606") and generally do not require significant estimates or judgments based on the nature of the Company's revenue streams. The Company recognizes revenue when services are realized or realizable and earned, less estimated credit losses. The sales prices are generally fixed at the point of sale and all consideration from contracts is included in the transaction price. The Company's contracts do not include multiple performance obligations or material variable consideration.

In accordance with ASC 606, the Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company recognizes revenue in accordance with that core principle by applying the following:

(i) Identify
 the contract(s) with a customer;

(ii) Identify
 the performance obligation in the contract;

(iii) Determine
 the transaction price;

(iv) Allocate
 the transaction price to the performance obligations in the contract; and

(v) Recognize
 revenue when (or as) the Company satisfies a performance obligation.

The Company primarily generates revenue by facilitating campaign messaging for political organizations, including text messages and automated calls through the Company's technology platform.

The Company recognizes revenue upon the fulfillment of its performance obligations to customers, which is at a point in time when the campaign is delivered to the customers voter lists. As of June 30, 2025 and December 31, 2024, the Company had a contract liability of $0 and $0, respectively, for services customers had paid for and the Company had not yet delivered. The Company's contracts do not contain a financing component.

**Advertising**

The Company charges the costs of advertising to expense as incurred. Advertising costs were $2,088 and $1,369 for the three months ended June 30, 2025 and 2024, respectively. Advertising costs were $2,309 and $1,394 for the six months ended June 30, 2025 and 2024, respectively.

**Income Taxes**

The Company is organized as a C-Corporation. Prior to being acquired by the Company, RoboCent was a corporation and elected to be taxed as S-Corporation for state and federal tax purposes. Income taxes are not payable by the Company. Shareholder of S-Corporations are taxed individually on their applicable share of earnings.

The Company accounts for income taxes in accordance with ASC 740, which requires an asset and liability approach for financial accounting and reporting for income taxes and allows recognition and measurement of deferred tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain.

Tax benefits of uncertain tax positions are recorded only where the position is "more likely than not" to be sustained based on their technical merits. The amount recognized is the amount that represents the largest amount of tax benefit that is greater than 50% likely of being ultimately realized. A liability is recognized for any benefit claimed or expected to be claimed, in a tax return in excess of the benefit recorded in the financial statements, along with any interest and penalty (if applicable) in such excess. The Company has no uncertain tax positions as of June 30, 2024, or June 30, 2023.

At June 30, 2025 and December 31, 2024, the Company owed Virginia state income taxes of $0 and $2,991, respectively related to pass through entity tax.

**Capitalized Software Development Costs**

The Company capitalizes certain costs related to the development and enhancement of the RoboCent platform. In accordance with authoritative guidance, including ASC 350-40, the Company began to capitalize these costs when the technological feasibility was established and preliminary development efforts were successfully completed, management has authorized and committed project funding, it was probable that the project would be completed, and the software would be used as intended. Such costs are amortized when placed in service, on a straight-line basis over the estimated useful life of the related asset, generally estimated to be three years. Costs incurred prior to meeting these criteria together with costs incurred for training and maintenance are expensed as incurred and recorded in product development expenses on our statements of operations. Costs incurred for enhancements that were expected to result in additional features or functionality that would generate additional revenue are capitalized and expensed over the estimated useful life of the enhancements, generally three years. The Company does not capitalize any testing or maintenance costs. The accounting for these capitalized software costs requires management to make significant judgments, assumptions and estimates related to the timing and amount of recognized capitalized software development costs. For the six months ended June 30, 2025 and 2024, we capitalized $17,440 and $43,441 of costs related to the development of software applications, respectively. Amortization of capitalized software costs was $15,401 and $11,407 for the for the three months ended June 30, 2025 and 2024, respectively. Amortization of capitalized software costs was $30,018 and $25,100 for the for the six months ended June 30, 2025 and 2024, respectively. The balance of capitalized software was $74,016 and $86,594, net of accumulated amortization of $129,423 and $99,405 at June 30, 2025 and December 31, 2024, respectively.

The Company evaluates its capitalized software costs for impairment annually, at year-end. As of December 31, 2024, the Company determined no impairment of its capitalized software costs was warranted.

**Segment Reporting**

The Company manages its operations as a single segment for the purpose of assessing performance and making operating decisions. The Company's Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. The CODM allocates resources and evaluates the performance of the Company using information about combined net income from operations. All significant operating decisions are based upon an analysis of the Company as one operating segment, which is the same as its reporting segment.

**Recent Accounting Pronouncements**

***Income Taxes***

In December 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures* ("ASU 2023-09"). ASU 2023-09 requires enhanced disclosures surrounding income taxes, particularly related to rate reconciliation and income taxes paid information. In particular, on an annual basis, companies will be required to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Companies will also be required to disclose, on an annual basis, the amount of income taxes paid, disaggregated by federal, state, and foreign taxes, and also disaggregated by individual jurisdictions above a quantitative threshold. The standard is effective for the Company for annual periods beginning January 1, 2025 on a prospective basis, with retrospective application permitted for all prior periods presented. The guidance is to be applied on a prospective basis, but retrospective application is permitted. The Company is currently evaluating the impact of adopting this ASU on our consolidated financial statements and disclosures.

***Segment Reporting***

In November 2023, the FASB issued Accounting Standards Update No. 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures* ("ASU 2023-07"). ASU 2023-07 requires enhanced disclosures surrounding reportable segments, particularly (i) significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included in the reported measure(s) of a segment's profit and loss and (ii) other segment items that reconcile segment revenue and significant expenses to the reported measure(s) of a segment's profit and loss, both on an annual and interim basis. Companies are also required to provide all annual disclosures currently required under Topic 280 in interim periods, in addition to disclosing the title and position of the CODM and how the CODM uses the reported measure(s) of segment profit and loss in assessing segment performance and allocating resources. The Company adopted ASU 2023-07 for the year ended December 31, 2024 with no material impact to the Company's financial statements or results of operations.

***Disaggregation of Income Statement Expenses***

In November 2024, the FASB issued Accounting Standards Update No. 2024-03, *Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)* ("ASU 2024-03"). ASU 2024-03 requires specified information about certain costs and expenses be disclosed in the notes to the financial statements, including the expense caption on the face of the income statement in which they are disclosed, in addition to a qualitative description of remaining amounts not separately disaggregated. Entities will also be required to disclose their definition of "selling expenses" and the total amount in each annual period. The standard is effective for the Company for annual periods beginning January 1, 2027 and for interim periods beginning January 1, 2028, with updates applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its disclosures.

***Crypto Assets***

In December 2023, the FASB issued ASU No. 2023-08, *Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets* ("ASU 2023-08"). ASU 2023-08 requires in-scope crypto assets to be measured at fair value in the statement of financial position, with gains and losses from changes in the fair value of such crypto assets recognized in net income each reporting period. ASU 2023-08 also requires certain interim and annual disclosures for crypto assets within the scope of the standard. The Company adopted this guidance effective January 1, 2025 on a prospective basis. As of June 30, 2025 and December 31, 2024, the Company did not hold any crypto assets.

**NOTE 3 – SECURED NOTES PAYABLE**

In June 2025, the Company entered into a series of Senior Secured Promissory Notes with investors (the "Notes") for an aggregate principal amount of $143,325 with the Company receiving cash proceeds of $136,500. The Company recognized debt discount of $6,825 at the issuance of the notes. The Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all assets of the Company. In the event the Company enters into a qualified financing event as defined in the agreement, in which the Company receives gross proceeds of at least $2,500,000, the Company shall apply 50% of the proceeds from such offering to redeem the Notes. The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) post-money valuation of the Company following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Equity Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Note held by such holder on the date of such Qualified Financing Redemption. The Note does not grant the Holder any equity, conversion rights, or ownership in the Company. The Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

There was amortization of debt discount of $593 during the three and six months ended June 30, 2025. As of June 30, 2025, the principal balance of the Senior Secured Notes was $143,325 with an unamortized debt discount of $6,232.

On May 10, 2024, the Company entered into a secured business loan agreement in the principal amount of $150,000 bearing a variable interest rate based on changes on the 1 Month Term Secured Overnight Financing Rate index, or 14.30% to 15.33%, with a maturity date of May 10, 2025. The note is secured by all assets of the Company. During the six months ended June 30, 2025 and 2024, the Company made principal payments of $75,000 and $0, respectively, along with interest payments of $5,345 and $1,275, respectively. As of June 30, 2025, the note had a principal balance of $0, with accrued interest of $0. As of December 31, 2024, the note had a principal balance of $75,000, with accrued interest of $0.

**NOTE 4 – RELATED PARTY TRANSACTIONS**

*Dividend Distribution* 

The Company's wholly-owned subsidiary RoboCent made regular cash dividend distributions to the Company's sole shareholder. During the three months ended June 30, 2025 and 2024, the Company made dividend distributions in the amount of $8,524 and $0, respectively. During the six months ended June 30, 2025 and 2024, the Company made dividend distributions in the amount of $17,256 and $7,830, respectively.

*Secured Notes Payable* 

 

In June 2025, the Company entered into a series of Senior Secured Promissory Notes with investors (the "Notes") for an aggregate principal amount of $26,250 with the Company receiving cash proceeds of $25,000. The Company recognized debt discount of $1,250 at the issuance of the notes. The Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all assets of the Company. In the event the Company enters into a qualified financing event as defined in the agreement, in which the Company receives gross proceeds of at least $2,500,000, the Company shall apply 50% of the proceeds from such offering to redeem the Notes. The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) post-money valuation of the Company following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Equity Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Note held by such holder on the date of such Qualified Financing Redemption. The Note does not grant the Holder any equity, conversion rights, or ownership in the Company. The Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

There was amortization of debt discount of $154 during the three and six months ended June 30, 2025. As of June 30, 2025, the principal balance of the Senior Secured Notes was $26,250 with an unamortized debt discount of $1,097.

**NOTE 5 – STOCKHOLDER EQUITY**

*Preferred Stock*

The Company is authorized to issue 10,000,000 shares of blank check preferred stock, $0.0001 par value per share. No preferred shares were issued or outstanding as of June 30, 2025 and December 31, 2024.

*Common Stock*

The Company is authorized to issue 250,000,000 shares of common stock, $0.0001 par value per share.

On June 26, 2025, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. FullPAC, Inc. was incorporated in the State of Nevada on June 25, 2025 by the sole shareholder of RoboCent, Inc. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent, Inc. received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent,Inc, FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc. The transaction was accounted for as a common control transaction under FASB ASC 805.

Effective June 26, 2025, the Company conducted a forward-split such that 25,000 shares of common stock became 15,000,000 shares of common stock. The forward stock split has been retroactively adjusted throughout these financial statements and footnotes.

There were 15,000,000 and 15,000,000 shares of common stock issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.

**NOTE 6 – CONCENTRATIONS OF RISK**

*Supplier Concentrations*

During the three months ended June 30, 2025 and 2024, one supplier accounted for 39.62% and 37.45% of the Company's cost of revenues, respectively. During the six months ended June 30, 2025 and 2024, one supplier accounted for 44.1% and 55.5% of the Company's cost of revenues, respectively.

*Customer Concentrations*

The Company has a concentration of customers. For the three months ended June 30, 2025, four large customers individually accounted for $25,750, $25,604, $21,896 and $19,941, or approximately 13.93%, 13.85%, 11.84% and 10.79% of our revenues, respectively. For the three months ended June 30, 2024, two large customers individually accounted for $39,460 and $23,300, or approximately 33.20 and 19.60% of our revenues, respectively.

For the six months ended June 30, 2025, two large customers individually accounted for $32,931 and $25,750, or approximately 14.07%, and 11.00% of our revenues, respectively. For the six months ended June 30, 2024, one large customer individually accounted for $136,469, or approximately 45.02% of our revenues.

The Company's sales are concentrated in the political telecommunications market and are cyclical based on election cycles.

**NOTE 7 – COMMITMENTS AND CONTINGENCIES**

*Legal Matters*

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of August 29, 2025, there are no pending or threatened lawsuits.

**NOTE 8 – SUBSEQUENT EVENTS**

Subsequent to June 2025, the Company entered into an additional series of Senior Secured Promissory Notes with investors (the "Notes") for an aggregate principal amount of $1,080,372, of which $247,853 were entered into with related parties. The Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all assets of the Company. In the event the Company enters into a qualified financing event as defined in the agreement, in which the Company receives gross proceeds of at least $2,500,000, the Company shall apply 50% of the proceeds from such offering to redeem the Notes'. The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) post-money valuation of the Company following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Equity Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Note held by such holder on the date of such Qualified Financing Redemption. For the avoidance of doubt, this Note does not grant the Holder any equity, conversion rights, or ownership in the Company. The Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

On August 21, 2025, the Company entered into an Escrow Agreement for the acquisition of GOTV.com. Under the terms of the agreement, the Company made a down-payment of $31,312 and is required to make monthly payments of $3,125 from September 2025 to November 2028. The total acquisition cost is $143,812. In the event of default, the domain will be returned to the seller.

Effective July 1, 2025, Travis Trawick entered into an employment agreement pursuant to which Mr. Trawick serves as Chief Executive Officer of the Company (the "Trawick Employment Agreement"). The Trawick Employment Agreement provides for a base salary of $175,000, an automobile allowance totaling $14,400 per year, and a health and wellness stipend totaling $2,400 per year, along with payment of certain connectivity expenses. Upon a listing on a national stock exchange, Mr. Trawick's base salary will increase to $300,000, the health and wellness stipend will increase to $9,600 per year, and the automobile allowance will increase to $24,000 per year.

Effective September 1, 2025, Daniel Flowers entered into an employment agreement pursuant to which Mr. Flowers serves as Chief Technology Officer of the Company (the "Flowers Employment Agreement"). The Flowers Employment Agreement provides for a base salary of $200,000 and a health and wellness stipend totaling $2,400 per year, along with payment of certain connectivity expenses. Upon a listing on a national stock exchange, Mr. Flowers' base salary will increase to $250,000, the health and wellness stipend will increase to $9,600 per year.

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and Shareholder

FullPAC, Inc.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheets of FullPAC, Inc. (the Company) as of December 31, 2024 and 2023, and the related statements of operations, shareholder's equity, and cash flows for each of the years in the two-year period ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the two-year period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. 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 audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits 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 audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and the significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe our audits provide a reasonable basis for our opinion.

**Critical Audit Matter**

The critical audit matter communicated below is a matter arising from the current period audit of the financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which it relates.

***Intangible Assets***

 ****

As discussed in Note 2 to the financial statements, the Company developed intangible assets related to software development costs. At each reporting period, certain intangible assets are required to be assessed annually for impairment based on the facts and circumstances at that time. Auditing management's evaluation of intangible assets can be a significant judgment given the fact that the Company uses management estimates on future revenues and expenses which are not easily able to be substantiated.

Given these factors and due to significant judgements made by management, the related audit effort in evaluating management's judgments in evaluation of intangible assets required a high degree of auditor judgment.

The procedures performed included evaluation of the methods and assumptions used by the Company, tests of the data used and an evaluation of the findings. We evaluated and tested the Company's significant judgments that determine the impairment evaluation of intangible assets.

---

| |
|:---|
| /s/ M&K CPAS, PLLC |
| M&K CPAS, PLLC |
| PCAOB ID: 2738 |
| We have served as the Company's auditor since 2025 |
| The Woodlands, TX |
| September 5, 2025 |

---

**FullPAC,** **Inc.**

**Balance Sheets**

---

| | | |
|:---|:---|:---|
|  | **December 31, 2024** | **December 31, 2023** |
| **Assets** |  |  |
| Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $148368 | $52601 |
| Total current assets | 148368 | 52601 |
| Noncurrent Assets: |  |  |
| &nbsp;&nbsp;&nbsp;Capitalized development costs, net | 86594 | 76757 |
| &nbsp;&nbsp;&nbsp;Property and equipment, net | 1206 | - |
| Total noncurrent assets | 87800 | 76757 |
| Total Assets | $236168 | $129358 |
| **Liabilities and Shareholder Equity** |  |  |
| Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $51385 | $82657 |
| &nbsp;&nbsp;&nbsp;Secured notes payable | 75000 | - |
| Total current liabilities | 126385 | 82657 |
| Total Liabilities | 126385 | 82657 |
| Shareholder Equity: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.0001 par value, 10,000,000 shares authorized and 0 shares issued and outstanding |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, no par value, 250,000,000 shares authorized and 15,000,000 shares issued and outstanding as of December 31, 2024 and 2023 | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;Additional paid in capital | (1500) | (1500) |
| &nbsp;&nbsp;&nbsp;Retained Earnings | 109783 | 46701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Shareholder Equity | 109783 | 46701 |
| Total Liabilities and Shareholder Equity | $236168 | $129358 |

---

See accompanying notes to the financial statements.

**FullPAC,** **Inc.**

**Statements of Operations**

---

| | | |
|:---|:---|:---|
|  | **Year ended**<br>**December 31, 2024** | **Year ended**<br>**December 31, 2023** |
| Revenue | $881051 | $460224 |
| Cost of service | 392348 | 170406 |
| &nbsp;&nbsp;&nbsp;Gross profit | 488703 | 289818 |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 340840 | 201186 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization expense | 55286 | 32689 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 396126 | 233875 |
| Income from operations | 92577 | 55943 |
| Other expense: |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (16479) | (3823) |
| &nbsp;&nbsp;&nbsp;Total other expense | (16479) | (3823) |
| Net income before income taxes | 76098 | 52120 |
| Income tax provision | (2991) | (2136) |
| Net income | $73107 | $49984 |
| Net income per share - basic | $0.00 | $0.00 |
| Net income per share - diluted | $0.00 | $0.00 |
| Weighted average shares outstanding - basic | 15000000 | 15000000 |
| Weighted average shares outstanding - diluted | 15000000 | 15000000 |

---

See accompanying notes to the financial statements.

**FullPAC,** **Inc.**

**Statements of Shareholder Equity**

**For the Years Ended December 31, 2024 and 2023**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amounts** |<br>**Additional Paid in**<br>**Capital** |<br>**Retained**<br>**Earnings** | **Total**<br>**Shareholder**<br>**Equity** |
| **Balance December 31, 2022** | 15000000 | $1500 | $(1500) | $47643 | $47643 |
| Shareholder's distribution |  |  |  | (50926) | (50926) |
| Net income | - | - | - | 49984 | 49984 |
| **Balance December 31, 2023** | 15000000 | 1500 | (1500) | 46701 | 46701 |
| Shareholder's distribution |  |  |  | (10025) | (10025) |
| Net income | - | - | - | 73107 | 73107 |
| **Balance December 31, 2024** | $15000000 | $1500 | $(1500) | $109783 | $109783 |

---

See accompanying notes to the financial statements.

**FullPac,** **Inc.**

**Statements of Cash Flows**

---

| | | |
|:---|:---|:---|
|  | **Years Ended**<br>**December 31, 2024** | **Years Ended**<br>**December 31, 2023** |
| **Cash Flows from Operating Activities:** |  |  |
| Net income | $73107 | $49984 |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Amortization expense | 55286 | 32689 |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable |  | 622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | (31272) | 24104 |
| Net cash provided by operating activities | 97121 | 107399 |
| **Cash Flows from Investing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Payment of capitalized development costs | (65123) | (66923) |
| &nbsp;&nbsp;&nbsp;Purchase of property and equipment | (1206) | - |
| Net cash used in investing activities | (66329) | (66923) |
| **Cash Flows from Financing Activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from note payable | 150000 |  |
| &nbsp;&nbsp;&nbsp;Payments on note payable | (75000) |  |
| &nbsp;&nbsp;&nbsp;Payment of shareholder distribution | (10025) | (50926) |
| Net cash provided by (used in) financing activities | 64975 | (50926) |
| Net change in cash and cash equivalents | 95767 | (10450) |
| Cash and cash equivalents, at beginning of year | 52601 | 63051 |
| Cash and cash equivalents, at end of year | $148368 | $52601 |
| Supplemental disclosures of cash flow information: |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $16479 | $3823 |
| &nbsp;&nbsp;&nbsp;Cash paid for income taxes | $2136 | $2680 |

---

See accompanying notes to the financial statements.

**FULLPAC,** **INC.**

**Notes to Financial Statements**

**NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION**

RoboCent, Inc. ("RoboCent" or the "Company") operates a political communications technology platform. The Company was incorporated in the State of Virginia on August 16, 2016.

On June 26, 2025, the sole shareholder of RoboCent approved an Agreement and Plan of Merger with FullPAC. FullPAC was incorporated by the sole shareholder of RoboCent. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent received the same class and number of shares of stock in FullPAC, as he previously held in RoboCent. FullPAC became the sole shareholder of RoboCent, and RoboCent became a wholly owned subsidiary of FullPAC. The transaction was accounted for as a common control transaction under FASB ASC 805. Under ASC 805, the transaction resulted in a change in reporting entity. At the time of the merger, FullPAC had no assets nor liabilities. As a result of the transaction, the Company retrospectively combined both entities using the book value method and transferred all of Robocent's assets and liabilities to FullPAC.

Effective June 26, 2025, the Company conducted a forward-split such that 25,000 shares of common stock became 15,000,000 shares of common stock. The forward stock split has been retroactively adjusted throughout these financial statements and footnotes.

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). The Company's fiscal year end is December 31.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

**Use of Estimates**

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include software capitalization and amortization. Actual results may differ from these estimates.

**Fair Value of Financial Instruments**

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Subtopic 825-10, "Financial Instruments" ("ASC 825-10") requires disclosure of the fair value of certain financial instruments. The estimated fair value of certain financial instruments, including cash, accounts payable and accrued liabilities are carried at historical cost basis, which approximates their fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the consolidated financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk.

The Company follows ASC 825-10, which permits entities to choose to measure many financial instruments and certain other items at fair value.

**Cash**

For purposes of the consolidated statements of cash flows, the Company considers highly liquid investments with an original maturity of three months or less to be cash equivalents. As of December 31, 2024 and 2023, the Company had no cash equivalents. The Company maintains its cash in banks insured by the Federal Deposit Insurance Corporation in accounts that at times may be in excess of the federally insured limit of $250,000 per bank. The Company minimizes this risk by placing its cash deposits with major financial institutions. At December 31, 2024 and 2023, the uninsured balances amounted to $0 and $0, respectively.

**Property and Equipment, net**

We state property and equipment at cost or, if acquired through a business combination, fair value at the date of acquisition. We calculate depreciation using the straight-line method over the estimated useful lives of the assets, except for our leasehold improvements, which are depreciated over the shorter of their estimated useful lives or their related lease term. Upon the sale or retirement of assets, the cost and related accumulated depreciation are removed from our accounts and the resulting gain or loss is credited or charged to income. We expense costs for repairs and maintenance when incurred.

**Related Parties**

The Company follows ASC 850, "Related Party Disclosures," for the identification of related parties and disclosure of related party transactions.

**Revenue Recognition**

The Company's revenues are accounted for under ASC Topic 606, "Revenue From Contracts With Customers" ("ASC 606") and generally do not require significant estimates or judgments based on the nature of the Company's revenue streams. The Company recognizes revenue when services are realized or realizable and earned, less estimated credit losses. The sales prices are generally fixed at the point of sale and all consideration from contracts is included in the transaction price. The Company's contracts do not include multiple performance obligations or material variable consideration.

In accordance with ASC 606, the Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company recognizes revenue in accordance with that core principle by applying the following:

(i) Identify
 the contract(s) with a customer;

(ii) Identify
 the performance obligation in the contract;

(iii) Determine
 the transaction price;

(iv) Allocate
 the transaction price to the performance obligations in the contract; and

(v) Recognize
 revenue when (or as) the Company satisfies a performance obligation.

The Company primarily generates revenue by facilitating campaign messaging for political organizations, including text messages and automated calls through the Company's technology platform.

The Company recognizes revenue upon the fulfillment of its performance obligations to customers, which is at a point in time when the campaign is delivered to the customers voter lists. As of December 31, 2024 and 2023, the Company had a contract liability of $0 and $0, respectively, for services customers had paid for and the Company had not yet delivered. The Company's contracts do not contain a financing component.

**Advertising**

The Company charges the costs of advertising to expense as incurred. Advertising costs were $16,080 and $16,390 for the years ended December 31, 2024 and 2023, respectively.

**Income Taxes**

The Company is organized as a Corporation and has elected to be taxed as S-Corporation for state and federal tax purposes. Income taxes are not payable by the Company. Shareholders of S-Corporations are taxed individually on their applicable share of earnings. Accordingly, no provision for income taxes is reflected in these financial statements. Net income or loss is allocated to the shareholder of the corporation. During the years ended December 31, 2024 and 2023, the Company owed Virginia state income taxes of $2,991 and $2,136, respectively related to pass through entity tax.

**Capitalized Software Development Costs**

The Company capitalizes certain costs related to the development and enhancement of the RoboCent platform. In accordance with authoritative guidance, including ASC 350-40, the Company began to capitalize these costs when the technological feasibility was established and preliminary development efforts were successfully completed, management has authorized and committed project funding, it was probable that the project would be completed, and the software would be used as intended. Such costs are amortized when placed in service, on a straight-line basis over the estimated useful life of the related asset, generally estimated to be three years. Costs incurred prior to meeting these criteria together with costs incurred for training and maintenance are expensed as incurred and recorded in product development expenses on our statements of operations. Costs incurred for enhancements that were expected to result in additional features or functionality that would generate additional revenue are capitalized and expensed over the estimated useful life of the enhancements, generally three years. The Company does not capitalize any testing or maintenance costs. The accounting for these capitalized software costs requires management to make significant judgments, assumptions and estimates related to the timing and amount of recognized capitalized software development costs. For the years ended December 31, 2024 and 2023, we capitalized $65,123 and $66,923 of costs related to the development of software applications, respectively. Amortization of capitalized software costs was $55,286 and $32,689 for the for the years ended December 31, 2024 and 2023, respectively. The balance of capitalized software was $86,594 and $76,757, net of accumulated amortization of $99,405 and $44,119 at December 31, 2024 and 2023, respectively.

The Company evaluates its capitalized software costs for impairment annually, at year-end. As of December 31, 2024, the Company determined no impairment of its capitalized software costs was warranted.

**Segment Reporting**

The Company manages its operations as a single segment for the purpose of assessing performance and making operating decisions. The Company's Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. The CODM allocates resources and evaluates the performance of the Company using information about combined net income from operations. All significant operating decisions are based upon an analysis of the Company as one operating segment, which is the same as its reporting segment.

**Recent Accounting Pronouncements**

***Income Taxes***

 ****

In December 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures* ("ASU 2023-09"). ASU 2023-09 requires enhanced disclosures surrounding income taxes, particularly related to rate reconciliation and income taxes paid information. In particular, on an annual basis, companies will be required to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Companies will also be required to disclose, on an annual basis, the amount of income taxes paid, disaggregated by federal, state, and foreign taxes, and also disaggregated by individual jurisdictions above a quantitative threshold. The standard is effective for the Company for annual periods beginning January 1, 2025 on a prospective basis, with retrospective application permitted for all prior periods presented. The Company will adopt ASU 2023-09 for the annual period ending December 31, 2025 and is currently evaluating the impact of this guidance on its disclosures.

***Segment Reporting***

 ****

In November 2023, the FASB issued Accounting Standards Update No. 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures* ("ASU 2023-07"). ASU 2023-07 requires enhanced disclosures surrounding reportable segments, particularly (i) significant segment expenses that are regularly provided to the chief operating decision maker ("CODM") and included in the reported measure(s) of a segment's profit and loss and (ii) other segment items that reconcile segment revenue and significant expenses to the reported measure(s) of a segment's profit and loss, both on an annual and interim basis. Companies are also required to provide all annual disclosures currently required under Topic 280 in interim periods, in addition to disclosing the title and position of the CODM and how the CODM uses the reported measure(s) of segment profit and loss in assessing segment performance and allocating resources. The Company adopted ASU 2023-07 for the year ended December 31, 2024 with no material impact to the Company's financial statements or results of operations.

***Disaggregation of Income Statement Expenses***

 ****

In November 2024, the FASB issued Accounting Standards Update No. 2024-03, *Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)* ("ASU 2024-03"). ASU 2024-03 requires specified information about certain costs and expenses be disclosed in the notes to the financial statements, including the expense caption on the face of the income statement in which they are disclosed, in addition to a qualitative description of remaining amounts not separately disaggregated. Entities will also be required to disclose their definition of "selling expenses" and the total amount in each annual period. The standard is effective for the Company for annual periods beginning January 1, 2027 and for interim periods beginning January 1, 2028, with updates applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of this guidance on its disclosures.

***Crypto Assets***

In December 2023, the FASB issued ASU No. 2023-08, *Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets* ("ASU 2023-08"). ASU 2023-08 requires in-scope crypto assets to be measured at fair value in the statement of financial position, with gains and losses from changes in the fair value of such crypto assets recognized in net income each reporting period. ASU 2023-08 also requires certain interim and annual disclosures for crypto assets within the scope of the standard. The Company adopted this guidance effective January 1, 2025 on a prospective basis. As of December 31, 2024 and 2023 the Company did not hold any crypto assets.

**NOTE 3 – SECURED NOTE PAYABLE**

On May 10, 2024, the Company entered into a secured business loan agreement in the principal amount of $150,000 bearing a variable interest rate based on changes on the 1 Month Term Secured Overnight Financing Rate index, or 14.30% to 15.33%, with a maturity date of May 10, 2025. The note is secured by all assets of the Company. During fiscal year 2024, the Company made principal payments of $75,000 and interest payments of $12,774. As of December 31, 2024, the note had a principal balance of $75,000, with accrued interest of $0.

**NOTE 4 – RELATED PARTY TRANSACTIONS**

The Company has made regular cash dividend distributions to the Company's sole shareholder. During the years ended December 31, 2024 and 2023, the Company made dividend distributions in the amount of $10,025 and $50,926, respectively.

**NOTE 5 – STOCKHOLDER EQUITY**

The Company is authorized to issue 25,000 shares of common stock, with no par value per share. There were 25,000 shares of common stock outstanding at December 31, 2024 and 2023.

**NOTE 6 – CONCENTRATIONS OF RISK**

*Supplier Concentrations*

During the year ended December 31, 2024 and 2023, one supplier accounted for 78.8% and 47.7% of the Company's cost of revenues.

*Customer Concentrations*

The Company has a concentration of customers. For the fiscal year ended December 31, 2024, three large customers individually accounted for $194,922, $132,440, and $48,835, or approximately 23.55%, 14.95%, and 5.51% of our revenues, respectively. For the fiscal year ended December 31, 2023, two large customers individually accounted for $154,986 and $29,508, or approximately 33.26% and 6.33% of our revenues, respectively.

The Company's sales are concentrated in the political telecommunications market and are cyclical based on election cycles.

**NOTE 7 – COMMITMENTS AND CONTINGENCIES**

*Legal Matters*

 

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of August 5, 2025, there are no pending or threatened lawsuits.

**NOTE 8 – SUBSEQUENT EVENTS**

On May 9, 2025, the Company repaid the outstanding principal balance on the secured note of $75,000 and the accrued interest of $4,387.

In June through September 2025, the Company entered into a series of Senior Secured Promissory Notes with investors (the "Notes") for an aggregate principal amount of $1,249,947, of which $274,103 was from related parties. The Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all assets of the Company. In the event the Company enters into a Qualified Financing, as defined in the Notes, in which the Company receives gross proceeds of at least $2,500,000, the Company shall apply 50% of the proceeds from such Qualified Financing to redeem the Notes (as defined in the Notes, a "Qualified Financing Redemption"). The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) post-money valuation of the Company following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Note held by such holder on the date of such Qualified Financing Redemption. For the avoidance of doubt, this Note does not grant the Holder any equity, conversion rights, or ownership in the Company. The Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

On June 26, 2025, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. FullPAC, Inc. was incorporated in the State of Nevada on June 25, 2025 by the sole shareholder of RoboCent, Inc. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent, Inc. received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent,Inc, FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc. The transaction will be accounted for as a common control transaction under FASB ASC 805.

Effective June 26, 2025, the Company conducted a forward-split such that 25,000 shares of common stock became 15,000,000 shares of common stock. The forward stock split has been retroactively adjusted throughout these financial statements and footnotes.

On August 21, 2025, the Company entered into an Escrow Agreement for the acquisition of GOTV.com. Under the terms of the agreement, the Company made a down-payment of $31,312 and is required to make monthly payments of $3,125 from September 2025 to November 2028. The total acquisition cost is $143,812. In the event of default, the domain will be returned to the seller.

Effective July 1, 2025, Travis Trawick entered into an employment agreement pursuant to which Mr. Trawick serves as Chief Executive Officer of the Company (the "Trawick Employment Agreement"). The Trawick Employment Agreement provides for a base salary of $175,000, an automobile allowance totaling $14,400 per year, and a health and wellness stipend totaling $2,400 per year, along with payment of certain connectivity expenses. Upon a listing on a national stock exchange, Mr. Trawick's base salary will increase to $300,000, the health and wellness stipend will increase to $9,600 per year, and the automobile allowance will increase to $24,000 per year.

Effective September 1, 2025, Daniel Flowers entered into an employment agreement pursuant to which Mr. Flowers serves as Chief Technology Officer of the Company (the "Flowers Employment Agreement"). The Flowers Employment Agreement provides for a base salary of $200,000 and a health and wellness stipend totaling $2,400 per year, along with payment of certain connectivity expenses. Upon a listing on a national stock exchange, Mr. Flowers' base salary will increase to $250,000, the health and wellness stipend will increase to $9,600 per year.

**EXHIBITS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit Number** | **Description** | **Form** | **File**<br> **Number** | **Exhibit**<br> **Number** | **Filing Date** | **Filed**<br> **Herewith** |
| 1.1 | [Form of Placement Agency Agreement](ex1-1.htm) |  |  |  |  | X |
| 2.1 | [Articles of Incorporation of FullPAC, Inc.](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex2-1.htm) | 1-A | 024-12661 | 2.1 | September 8, 2025 |  |
| 2.2 | [Bylaws of FullPAC, Inc.](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex2-2.htm) | 1-A | 024-12661 | 2.2 | September 8, 2025 |  |
| 2.3 | [Agreement and Plan of Merger, by and between FullPAC, Inc. and Advocacy Lab LLC](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex2-3.htm) | 1-A/A | 024-12661 | 2.3 | September 29, 2025 |  |
| 3.1 | [Form of Senior Secured Promissory Note](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex3-1.htm) | 1-A | 024-12661 | 3.1 | September 8, 2025 |  |
| 4.1 | [Form of Subscription Agreement](ex4-1.htm) |  |  |  |  | X |
| 4.2 | [Form of Placement Agent Warrant](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex4-2.htm) | 1-A/A | 024-12661 | 4.2 | September 29, 2025 |  |
| 6.1+ | [Employment Agreement, dated as of July 1, 2025, between FullPAC, Inc. and Travis Trawick](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-1.htm) | 1-A | 024-12661 | 6.1 | September 8, 2025 |  |
| 6.2+ | [Form of Employment Agreement between FullPAC, Inc. and Isaac Dietrich](ex6-2.htm) |  |  |  |  | X |
| 6.3+ | [Employment Agreement, dated as of September 1, 2025, between FullPAC, Inc. and Ryan Deal](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-3.htm) | 1-A | 024-12661 | 6.3 | September 8, 2025 |  |
| 6.4+ | [Amended and Restated Employment Agreement, dated as of November 20, 2025, between FullPAC, Inc. and Daniel Flowers](ex6-4.htm) |  |  |  |  | X |
| 6.5+ | [Form of Executive Confidentiality and Restrictive Covenant Agreement](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-5.htm) | 1-A | 024-12661 | 6.5 | September 8, 2025 |  |
| 6.6+ | [Form of Independent Director Offer Letter](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-6.htm) | 1-A | 024-12661 | 6.6 | September 8, 2025 |  |
| 6.7 | [Lease Agreement, dated as of June 23, 2025, between Club Forest Birdneck Office Suites, LLC and FullPAC, Inc.](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-7.htm) | 1-A | 024-12661 | 6.7 | September 8, 2025 |  |
| 6.8+ | [FullPAC, Inc. 2025 Long-Term Incentive Plan and form of equity grant thereunder](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-8.htm) | 1-A | 024-12661 | 6.8 | September 8, 2025 |  |
| 6.9 | [Prime Broker Agreement, Custody Services Agreement, and Master Trading Agreement, dated as of July 30, 2025, between FullPAC, Inc. and Coinbase Inc.](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-9.htm) | 1-A | 024-12661 | 6.9 | September 8, 2025 |  |
| 6.10 | [Side Letter, dated as of July 21, 2025, by and between FullPAC, Inc. and Travis Trawick](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex6-10.htm) | 1-A | 024-12661 | 6.10 | September 8, 2025 |  |
| 6.11+ | [Employment Agreement, effective as of October 1, 2025, by and between Kevin Rose and FullPAC, Inc.](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex6-11.htm) | 1-A/A | 024-12661 | 6.11 | September 29, 2025 |  |
| 6.12+ | [Employment Agreement, effective as of October 1, 2025, by and between Karl Brycz and FullPAC, Inc.](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex6-12.htm) | 1-A/A | 024-12661 | 6.12 | September 29, 2025 |  |
| 6.13+ | [First Amendment to the FullPAC, Inc. 2025 Long-Term Incentive Plan](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex6-13.htm) | 1-A/A | 024-12661 | 6.13 | September 29, 2025 |  |
| 6.14 | [Form of Lock-Up / Leak-Out Agreement](ex6-14.htm) |  |  |  |  | X (included as Exhibit B to Exhibit 1.1) |
| 6.15 | [Loan Agreement, dated as of October 7, 2025, by and between RoboCent, Inc., Stripe Servicing, Inc., and Celtic Bank](ex6-15.htm) |  |  |  |  | X |
| 6.16 | [Term Loan Agreement, dated as of October 17, 2025, by and between ODK Capital, LLC as lender, RoboCent, Inc. as borrower, and Travis Trawick as guarantor](ex6-16.htm) |  |  |  |  | X |
| 8.1 | [Escrow Agreement, dated as of August 7, 2025, by and between FullPAC, Inc and Wilmington Trust, National Association, as Escrow Agent](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex8-1.htm) | 1-A | 024-12661 | 8.1 | September 8, 2025 |  |
| 11.1 | [Consent of M&K CPAs, PLLC](ex11-1.htm) | 1-A/A | 024-12661 | 11.1 |  | X |
| 11.2 | [Consent of Haynes and Boone, LLP (included in Exhibit 12.1)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex12-1.htm) | 1-A/A | 024-12661 | 11.2 | September 29, 2025 |  |
| 12.1 | [Opinion of Haynes and Boone, LLP](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex12-1.htm) | 1-A/A | 024-12661 | 12.1 | September 29, 2025 |  |
| 99.1 | [Consent of Joanna Massey to be named as director nominee](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex99-1.htm) | 1-A | 024-12661 | 99.1 | September 8, 2025 |  |
| 99.2 | [Consent of Robert Steele to be named as director nominee](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex99-2.htm) | 1-A | 024-12661 | 99.2 | September 8, 2025 |  |
| 99.3 | [Consent of Isaac Dietrich to be named as director nominee](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex99-3.htm) | 1-A | 024-12661 | 99.3 | September 8, 2025 |  |
| 99.4 | [Consent of Jason Adelman to be named as director nominee](https://www.sec.gov/Archives/edgar/data/2076148/000149315225012823/ex99-4.htm) | 1-A | 024-12661 | 99.4 | September 8, 2025 |  |
| 99.5 | [Audit Committee Charter (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-5.htm) | 1-A/A | 024-12661 | 99.5 | September 29, 2025 |  |
| 99.6 | [Compensation Committee Charter (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-6.htm) | 1-A/A | 024-12661 | 99.6 | September 29, 2025 |  |
| 99.7 | [Nominating and Corporate Governance Committee Charter (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-7.htm) | 1-A/A | 024-12661 | 99.7 | September 29, 2025 |  |
| 99.8 | [Code of Business Conduct and Ethics](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-8.htm) | 1-A/A | 024-12661 | 99.8 | September 29, 2025 |  |
| 99.9 | [Compensation Recovery Policy (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-9.htm) | 1-A/A | 024-12661 | 99.9 | September 29, 2025 |  |
| 99.10 | [Whistleblower Policy (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-10.htm) | 1-A/A | 024-12661 | 99.10 | September 29, 2025 |  |
| 99.11 | [Insider Trading Policy (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-11.htm) | 1-A/A | 024-12661 | 99.11 | September 29, 2025 |  |
| 99.12 | [Related Party Transaction Policy (effective upon Public Listing)](https://www.sec.gov/Archives/edgar/data/2076148/000149315225016111/ex99-12.htm) | 1-A/A | 024-12661 | 99.12 | September 29, 2025 |  |

---

+ Indicates management contract or compensatory plan.

**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 its behalf by the undersigned, thereunto duly authorized, in the City of Virginia Beach, Commonwealth of Virginia, on November 24, 2025.

---

| | |
|:---|:---|
| **FULLPAC, INC.** | **FULLPAC, INC.** |
| By: | */s/ Travis Trawick* |
|  | Travis Trawick |
|  | Chief Executive Officer and Interim Chief Financial Officer<br> *(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)* |

---

This Offering Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Travis Trawick* | Chief Executive Officer, Interim Chief Financial Officer and Chairman of the Board of Directors | November 24, 2025 |
| Travis Trawick | *(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)* |  |

---

## Add

**Exhibit 1.1**

**PLACEMENT AGENCY AGREEMENT**

[●], 2025

Dawson James Securities, Inc.

101 North Federal Highway, Suite 600

Boca Raton, FL 33432

Ladies and Gentlemen:

This Placement Agency Agreement the ("**Agreement**") sets forth the terms upon which Dawson James Securities, Inc. ("**Dawson James**" or the "**Placement Agent**") shall be engaged by FullPAC, Inc., a Nevada corporation (the "**Company**"), to act as the exclusive Placement Agent in connection with the offering (hereinafter referred to as the "**Offering**") of up to 10,000,000 shares (the "**Shares**") of the Company's common stock, $0.0001 par value per share (the "**Common Stock**") directly to various investors (each, an "**Investor**" and, collectively, the "**Investors**"). The purchase price to the Investors for each Share is $5.00 (the "**Share Offering Price**"). The Placement Agent may retain other brokers or dealers to act as sub-agents or selected- dealers on its behalf in connection with the Offering.

1. <u>Agreement to Act as Placement Agent; Closing; Placement Agent Compensation.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 On the basis of the representations, warranties and agreements of the Company herein contained, and subject to all the terms and conditions of this Agreement between the Company and the Placement Agent, the Placement Agent is appointed as the Company's exclusive placement agent subject to the terms and conditions contained herein. On the basis of such representations and warranties and subject to such terms and conditions, the Placement Agent hereby accepts such appointment and agrees to perform the services hereunder diligently and in good faith and in a professional and businesslike manner and to use its commercially reasonable efforts to assist the Company in finding subscribers of the Shares and to complete the Offering. The Placement Agent has no obligation to purchase any of the Shares. Unless sooner terminated in accordance with this Agreement, the engagement of the Placement Agent hereunder shall continue until the date on which all of the Shares have been sold. The Offering will be made on a "reasonable best efforts" basis. The Placement Agent may retain other brokers or dealers to act as sub- placement agents on its behalf in connection with the Offering, with any fees they may be entitled to being paid out of the fee paid to such Placement Agent pursuant to Section 1.5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 Payment of the aggregate purchase price paid by any and all Investors less the Cash Fee and the other accountable expenses payable in accordance with Section 3.8 of this Agreement (the "**Purchase Price**") for, and delivery of, the Shares (each, a "**Closing**") shall be made at the offices of Sheppard, Mullin, Richter & Hampton LLP ("**Placement Agent Counsel**"), 30 Rockefeller Plaza, New York, NY 10112, or at such other place as shall be agreed upon by the Placement Agent and the Company, at such times and on such dates as shall be agreed upon by the Placement Agent and the Company (such time and date of payment and delivery being herein called the "**Closing Date**"). The term "**Business Day**" means any day other than a Saturday, a Sunday or a legal holiday or a day on which banking institutions are authorized or obligated by law to close in New York, New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 On each Closing Date, the Purchase Price will be released to the Company either (a) by the Placement Agent on behalf of each Investor for the Shares to be issued and sold to such Investor at such Closing, by wire transfer of immediately available funds in accordance with the flow of funds letter regarding the Closing, or (b) by the Investor wiring the Purchase Price to the Company by wire transfer to an account designated in writing by the Company, and (ii) the Company shall cause its transfer agent (together with any subsequent transfer agent, the "**Transfer Agent**") through the Depository Trust Company ("**DTC**") Fast Automated Securities Transfer Program, to credit such aggregate number of Shares that each Investor is purchasing as set forth in the flow of funds letter regarding the applicable Closing to either (a) the Placement Agent's balance account with DTC through its Deposit/Withdrawal at Custodian system, or (b) directly to the account of each Investor or its respective nominee(s), at the designated account with DTC as provided on the flow of funds letter (if applicable). All actions taken at Closing shall be deemed to have occurred simultaneously on the Closing Date. Any Shares for which payment has not been received by the Company, to the extent they have been delivered to the Placement Agent or any such Investor, shall be returned to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 No Shares which the Company has agreed to sell pursuant to this Agreement shall be deemed to have been purchased and paid for, or issued and sold by the Company, until the appropriate corresponding number of Shares shall have been delivered to the Investors or the Placement Agent against payment therefor. If the Company shall default in its obligations to deliver the Shares to the Investors or the Placement Agent on behalf of such Investors as per such instructions, the Company shall indemnify and hold the Placement Agent harmless against any loss, claim, damage or liability directly or indirectly arising from or as a result of such default by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 As compensation for services rendered, on each Closing Date, the Company shall pay to the Placement Agent the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.1. A cash fee (the "**Cash Fee**") equal to 7.0% of the gross proceeds received by the Company in the Offering and any other offering completed during the period beginning on September 18, 2025 and ending nine (9) months from such date (the "**Engagement Period**") from any investors that did not previously purchase senior secured notes from the Company or any of its subsidiaries (such senior secured notes financing, the "**Seed Financing**"), which fees shall be deducted from the Purchase Price payable at each Closing. However, the Placement Agent shall be entitled to receive the Cash Fee for any proceeds received by the Company from the following investors that participated in the Seed Financing, if any participate in the Offering: (i) Special Equities Opportunity Fund, (ii) Iroquois Master Fund Ltd., (iii) Iroquois Capital Investment Group LLC, and (iv) 32E (collectively, the "**Excluded Investors**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5.2. A warrant ("**Placement Agent's Warrant**") for the purchase of up to 350,000 shares of Common Stock, representing 3.5% of the Shares purchased in the Offering. The Placement Agent's Warrant agreement, in the form attached hereto as <u>Exhibit A</u> (the "**Placement Agent's Warrant Agreement**"), shall be exercisable, in whole or in part, commencing on a date which is one hundred eighty (180) days after the date hereof and expiring on the five-year anniversary of the date hereof at an initial exercise price per share of Common Stock of $6.25 which is equal to 125% of the Share Offering Price. The Placement Agent's Warrants shall not be transferable for one hundred eighty (180) days from the date hereof except as permitted by Financial Industry Regulatory Authority ("**FINRA**") Rule 5110(e)(1). The Placement Agent's Warrant Agreement and the shares of Common Stock issuable upon exercise thereof are hereinafter referred to together as the "**Placement Agent's Securities**".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 The Company hereby acknowledges that (i) the Offering, including the determination of the offering price of the Common Stock and any related discounts, commissions and fees, shall be an arm's- length commercial transaction between the Company and the Investors, (ii) the Placement Agent will be acting as an independent contractor and will not be the agent or fiduciary of the Company or its shareholders, creditors, employees, the Investors, the Other Investors or any other party, (iii) the Placement Agent shall not assume an advisory or fiduciary responsibility in favor of the Company (irrespective of whether the Placement Agent has advised or is currently advising the Company on other matters) and the Placement Agent shall not have any obligation to the Company with respect to the Offering, except as may be set forth expressly herein, (iv) the Placement Agent and its Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company and (v) the Placement Agent will not provide any legal, accounting, regulatory or tax advice with respect to the Offering, and the Company shall consult its own legal, accounting, regulatory and tax advisors to the extent it deems appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7 The Company is and will be solely responsible for the contents of any and all written or oral communications provided to the Investors regarding the Offering or the Shares; and the Company recognizes that the Placement Agent, in acting pursuant to this Agreement, will be using information provided by the Company and its agents and the Placement Agent assumes no responsibility for, and may rely, without independent verification, on the accuracy and completeness of any such information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8 The Company agrees that any information or advice rendered by the Placement Agent in connection with this engagement is for the confidential use of the Board of Directors of the Company (the "**Board**") only and the Company will not, and will not permit any third party to, disclose or otherwise refer to such advice or information, in any manner without the Placement Agent's prior written consent.

2. <u>Representations and Warranties of the Company</u>. The Company represents and warrants to the Placement Agent as of each Closing Date as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Filing of Offering Statement</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;2.1.1 <u>Pursuant to the Securities Act</u>. The Company has prepared and filed with the U.S. Securities and Exchange Commission (the "**Commission**") an offering statement on Form 1-A, as amended (File No. 024-12661), and amendments thereto, for the offering under Regulation A, as amended ("**Regulation A**"), promulgated by the Commission under the Securities Act of 1933, as amended (the "**Securities Act**"), of the Shares, which offering statement, as so amended, was qualified by the Commission on [●], 2025. Such offering statement, as amended, and including the exhibits thereto, as of the date of this Agreement, is hereinafter called the "**Offering Statement**". Any reference in this Agreement to the Offering Statement shall each be deemed to refer to and include the documents incorporated by reference therein (the "**Incorporated Documents**") on or before the date of this Agreement; and any reference in this Agreement to the terms "amend," "amendment" or "supplement" with respect to the Offering Statement shall be deemed to refer to and include the filing of any document under the Securities Act and the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), after the date of this Agreement, deemed to be incorporated therein by reference. All references in this Agreement to financial statements and schedules and other information which is "contained," "included," "described," "referenced," "set forth" or "stated" in the Offering Statement (and all other references of like import) shall be deemed to mean and include all such financial statements and schedules and other information which is or is deemed to be incorporated by reference in the Offering Statement. For purposes of this Agreement, "**Preliminary Offering Circular**" means the preliminary offering circular contained in the Offering Statement at the time of Offering Statement was qualified by the Commission and "**Offering Circular**" means the final offering circular filed with the Commission pursuant to Rule 253(g) of Regulation A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>No Stop Orders, etc</u>. Neither the Commission nor, to the Company's knowledge, any state regulatory authority has issued any order preventing or suspending the use of the Offering Circular, any Preliminary Offering Circular or the Offering Statement or has instituted or, to the Company's knowledge, threatened to institute, any proceedings with respect to such an order. The Company has complied with each request (if any) from the Commission for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Disclosures in Offering Statement</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;2.3.1. <u>Compliance with Securities Act and 10b-5 Representation</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Offering Statement (and any further documents to be filed with the Commission) contains all exhibits and schedules as required by the Securities Act. Each of the Offering Statement and any post-qualification amendment thereto, at the time the Offering Statement was qualified by the Commission, complied in all material respects with the Securities Act and the Exchange Act and the rules and regulations (the "**Rules and Regulations**") of the Commission promulgated thereunder and did not and, as amended or supplemented, if applicable, will not, contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.. Each Offering Circular delivered to the Placement Agent for use in connection with this Offering was or will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T promulgated under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Preliminary Offering Circular and Offering Circular, at the time the Offering Statement was qualified by the Commission and as of each Closing Date, as applicable, did not, does not and will not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; The Incorporated Documents, when they were filed with the Commission, conformed in all material respects to the requirements of the Exchange Act and the applicable Rules and Regulations, and none of such documents, when they were filed with the Commission, contained any untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein (with respect to Incorporated Documents incorporated by reference in the Offering Statement), in the light of the circumstances under which they were made not misleading; and any further documents so filed and incorporated by reference in the Offering Statement, when such documents are filed with the Commission, will conform in all material respects to the requirements of the Exchange Act and the applicable Rules and Regulations, as applicable, and will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) No post-qualification amendment to the Offering Statement reflecting any facts or events arising after the date thereof which represent, individually or in the aggregate, a fundamental change in the information set forth therein is required to be filed with the Commission. There are no documents required to be filed with the Commission in connection with the transaction contemplated hereby that (x) have not been filed as required pursuant to the Securities Act or (y) will not be filed within the requisite time period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) The Incorporated Documents, when they became effective or were filed with the Commission, as the case may be, conformed in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and the Rules and Regulations and none of such documents contained any untrue statement of a material fact or omitted to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and any further documents so filed and incorporated by reference in the Offering Statement, when such documents become effective or are filed with the Commission, as the case may be, will conform in all material respects to the requirements of the Securities Act or the Exchange Act, as applicable, and the Rules and Regulations, and will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.2. <u>Disclosure of Agreements</u>. The Incorporated Documents described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, conform in all material respects to the descriptions thereof contained or incorporated by reference therein and there are no agreements or other documents required by the Securities Act and the Rules and Regulations to be described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular or to be filed with the Commission as exhibits to the Offering Statement, or to be incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, that have not been so described or filed or incorporated by reference. Each agreement or other instrument (however characterized or described) to which the Company is a party or by which it is or may be bound or affected and (i) that is referred to or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, or (ii) is material to the Company's business, has been duly authorized and validly executed by the Company, is in full force and effect in all material respects and is enforceable against the Company and, to the Company's knowledge the other parties thereto, in accordance with its terms, except (x) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally, (y) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws, and (z) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. None of such agreements or instruments has been assigned by the Company, and neither the Company nor, to the Company's knowledge, any other party is in default thereunder and, to the Company's knowledge, no event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a default thereunder. To the Company's knowledge, performance by the Company of the material provisions of such agreements or instruments will not result in a violation of any existing applicable law, rule, regulation, ordinance, judgment, order or decree of any governmental or regulatory agency, body, authority or court, domestic or foreign, having jurisdiction over the Company or any of its assets or businesses (each, a "**Governmental Entity**"), including, without limitation, those relating to environmental laws and regulations. Except as disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the Company has no subsidiaries and has no other interest, nominal or beneficial, direct or indirect, in any other corporation, joint venture or other business entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.3. <u>Prior Securities Transactions</u>. No securities of the Company have been sold by the Company or by or on behalf of, or for the benefit of, any person or persons controlling, controlled by or under common control with the Company, except as disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.4. <u>Regulations</u>. The disclosures in the Offering Statement, the Preliminary Offering Circular and the Offering Circular concerning the effects of federal, state, local and all foreign regulation on the Offering and the Company's business as currently contemplated are accurate, correct and complete in all material respects and no other such regulations are required to be disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular which are not so disclosed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.5. <u>No Other Distribution of Offering Materials</u>. The Company has not, directly or indirectly, distributed and will not distribute any offering material in connection with the Offering other than any the Offering Statement, the Preliminary Offering Circular and the Offering Circular and other materials, if any, permitted under the Securities Act and consistent with Section 3.2 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Changes After Dates in Offering Statement</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;2.4.1. <u>No Material Adverse Change</u>. Since the respective dates as of which information is given in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, except as otherwise specifically stated therein: (i) there has been no material adverse change in the financial position or results of operations of the Company, nor any change or development that, singularly or in the aggregate, would involve a material adverse change or a prospective material adverse change in or affecting the business, general affairs, management, condition (financial or otherwise), stockholders' equity, results of operations, business, assets, properties or prospects of the Company (a "**Material Adverse Change**"); (ii) there have been no material transactions entered into by the Company, other than as contemplated pursuant to this Agreement; and (iii) no officer or director of the Company has resigned from any position with the Company; and (iv) the Company has not sustained any material loss or interference with its business or properties from fire, explosion, flood, earthquake, hurricane, accident or other calamity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.2. <u>Recent Securities Transactions, etc</u>. Subsequent to the respective dates as of which information is given in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, and except as may otherwise be indicated or contemplated herein or disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the Company has not: (i) issued any securities, other than securities issued pursuant to the Company's existing equity incentive or stock option plans for shares of Common Stock issuable upon the exercise of then outstanding options, restricted stock units or convertible securities, or incurred any liability or obligation, direct or contingent, for borrowed money; or (ii) declared or paid any dividend or made any other distribution on or in respect to its capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4.3. <u>Disclosure in Commission Filings</u>. Since September 8, 2025, (i) none of the Company's filings with the Commission contained any untrue statement of a material fact or omitted to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, except to the extent such filings with the Commission were subsequently amended; and (ii) the Company has made all filings with the Commission required under the Exchange Act and the Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Independent Accountants</u>. To the knowledge of the Company, M&K CPAs, PLLC (the "**Auditor**"), whose report is filed with the Commission and included or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, is an independent registered public accounting firm as required by the Securities Act and the Securities Act Regulations and the Public Company Accounting Oversight Board. The Auditor has not, during the periods covered by the financial statements included or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, provided to the Company any non-audit services, as such term is used in Section 10A(g) of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Financial Statements, etc</u>. The financial statements, including the notes thereto and supporting schedules included or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, fairly present the financial position and the results of operations of the Company at the dates and for the periods to which they apply; and such financial statements have been prepared in conformity with U.S. generally accepted accounting principles ("**GAAP**"), consistently applied throughout the periods involved (provided that unaudited interim financial statements are subject to year-end audit adjustments that are not expected to be material in the aggregate and do not contain all footnotes required by GAAP); and the supporting schedules included or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular present fairly the information required to be stated therein. Except as included or incorporated by reference therein, no historical or pro forma financial statements or supporting schedules are required to be included or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular under the Securities Act or the Rules and Regulations. The pro forma and pro forma as adjusted financial information and the related notes, if any, included or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular have been properly compiled and prepared in accordance with the applicable requirements of the Securities Act, the Exchange Act and the Rules and Regulations and present fairly the information shown therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. All disclosures contained in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, or incorporated or deemed incorporated by reference therein, regarding "non- GAAP financial measures" (as such term is defined by the rules and regulations of the Commission), if any, comply with Regulation G of the Exchange Act and Item 10 of Regulation S-K of the Securities Act, to the extent applicable. Each of the Offering Statement, the Preliminary Offering Circular and the Offering Circular discloses all material off-balance sheet transactions, arrangements, obligations (including contingent obligations), and other relationships of the Company with unconsolidated entities or other persons that may have a material current or future effect on the Company's financial condition, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources, or significant components of revenues or expenses. Except as disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, (a) neither the Company nor any of its direct and indirect subsidiaries, including each entity disclosed or described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular as being a subsidiary of the Company (each, a "**Subsidiary**" and, collectively, the "**Subsidiaries**"), has incurred any material liabilities or obligations, direct or contingent, or entered into any material transactions other than in the ordinary course of business, (b) the Company has not declared or paid any dividends or made any distribution of any kind with respect to its capital stock, (c) there has not been any change in the capital stock of the Company or any of its Subsidiaries, or, other than in the course of business or any grants under any stock compensation plan, and (d) there has not been any Material Adverse Change in the Company's long-term or short-term debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Authorized Capital; Options, etc</u>. The Company had, at the date or dates indicated in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the duly authorized, issued and outstanding capitalization as set forth therein. Based on the assumptions stated in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the Company will have on each Closing Date the adjusted stock capitalization set forth therein. Except as set forth in, or contemplated by, the Offering Statement, the Preliminary Offering Circular and the Offering Circular, on the date hereof and on each Closing Date, there was, or will be, no stock options, warrants, or other rights to purchase or otherwise acquire any authorized, but unissued shares of Common Stock of the Company or any security convertible or exercisable into shares of Common Stock of the Company, or any contracts or commitments to issue or sell shares of Common Stock or any such options, warrants, rights or convertible securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>Valid Issuance of Securities, etc</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;2.8.1. <u>Outstanding Securities</u>. All issued and outstanding securities of the Company issued prior to the transactions contemplated by this Agreement have been duly authorized and validly issued and are fully paid and non-assessable; the holders thereof have no rights of rescission, rights of first refusal, rights of participation or similar rights with respect thereto or put rights, and are not subject to personal liability by reason of being such holders; and none of such securities were issued in violation of the preemptive rights, rights of first refusal or rights of participation or similar rights of any holders of any security of the Company or similar contractual rights granted by the Company. The authorized shares of Common Stock conform in all material respects to all statements relating thereto contained in the Offering Statement, the Preliminary Offering Circular and the Offering Circular. The offers and sales of the outstanding shares of Common Stock were at all relevant times either registered under the Securities Act and the applicable state securities or "blue sky" laws or, based in part on the representations and warranties of the purchasers of such Shares, exempt from such registration requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8.2. <u>Securities Sold Pursuant to this Agreement</u>. The Shares and Placement Agent's Securities have been duly authorized for issuance and sale and, when issued and paid for pursuant to the terms of this Agreement, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Shares and the Placement Agent's Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Shares and the Placement Agent's Securities has been duly and validly taken. The Shares and the Placement Agent's Securities conform in all material respects to all statements with respect thereto contained in the Offering Statement, the Preliminary Offering Circular and the Offering Circular. All corporate action required to be taken for the authorization, issuance and sale of the Placement Agent's Warrant Agreement has been duly and validly taken; the Placement Agent's Securities have been duly authorized and reserved for issuance by all necessary corporate action on the part of the Company and when paid for and issued in accordance with the Placement Agent's Warrant Agreement, such Placement Agent's Securities will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; and such Placement Agent's Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>Registration Rights of Third Parties</u>. Except as set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, no holders of any securities of the Company or any rights exercisable for or convertible or exchangeable into securities of the Company have the right to require the Company to register any such securities of the Company under the Securities Act or to include any such securities in a registration statement to be filed by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>Validity and Binding Effect of Agreements</u>. This Agreement and the Placement Agent's Warrant Agreement have been duly and validly authorized by the Company, and, when executed and delivered, will constitute valid and binding agreements of the Company, enforceable against the Company in accordance with their respective terms, except: (i) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally; (ii) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws; and (iii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 <u>No Conflicts, etc</u>. The execution, delivery and performance by the Company of this Agreement, the Placement Agent's Warrant Agreement, and all ancillary documents, the consummation by the Company of the transactions herein and therein contemplated and the compliance by the Company with the terms hereof and thereof do not and will not, with or without the giving of notice or the lapse of time or both: (i) result in a material breach of, or conflict with any of the terms and provisions of, or constitute a material default under, or result in the creation, modification, termination or imposition of any lien, charge, mortgage, pledge, security interest, claim, equity, trust or other encumbrance, preferential arrangement or restriction of any kind whatsoever upon any portion of any property or assets of the Company pursuant to the terms of any indenture, mortgage, deed of trust, note, lease, loan agreement or any other agreement or instrument, license or permit to which the Company is a party or as to which any property of the Company is a party or any of its assets are bound, except as set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular; (ii) result in any violation of the provisions of the Company's Articles of Incorporation, as amended (as the same may be amended or restated from time to time, the "**Charter**") or the amended and restated by-laws of the Company (as the same may be amended or restated from time to time); or (iii) violate any existing applicable law, rule, regulation, judgment, order or decree of any Governmental Entity as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 <u>No Defaults; Violations</u>. No material default exists in the due performance and observance of any term, covenant or condition of any material license, contract, indenture, mortgage, deed of trust, note, loan or credit agreement, or any other agreement or instrument evidencing an obligation for borrowed money, or any other material agreement or instrument to which the Company is a party or by which the Company may be bound or to which any of the properties or assets of the Company is subject; except for such defaults that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Change. The Company is not in violation of any term or provision of its Charter or by-laws, or, in violation of any franchise, license, permit, applicable law, rule, regulation, judgment, order or decree of any Governmental Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 <u>Corporate Power; Licenses; Consents</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;2.13.1. <u>Conduct of Business</u>. Except as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the Company has all requisite corporate power and authority, and has all necessary consents, authorizations, approvals, registrations, orders, licenses, certificates, qualifications, registrations and permits of and from all governmental regulatory officials and bodies that it needs as of the date hereof to conduct its business purpose as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, except where such failure to have such consents, authorizations, approvals, registrations, orders, license, certificates, qualifications, registrations and permit would not reasonably be expected to result in a Material Adverse Change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13.2. <u>Transactions Contemplated Herein</u>. The Company has all corporate power and authority to enter into this Agreement and the Placement Agent's Warrant Agreement, and to carry out the provisions and conditions hereof, and all consents, authorizations, approvals, registrations, orders licenses, certificates, qualifications, registrations and permits required in connection therewith have been obtained. No consent, authorization or order of, and no filing with, any court, government agency or other body is required for the valid issuance, sale and delivery of the Shares, the Placement Agent's Securities and the consummation of the transactions and agreements contemplated by this Agreement and the Placement Agent's Warrant Agreement and as contemplated by the Offering Statement, the Preliminary Offering Circular and the Offering Circular, except with respect to applicable federal and state securities laws and the rules and regulations of the Exchange and Financial Industry Regulatory Authority, Inc. ("**FINRA**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 <u>D&O Questionnaires</u>. To the Company's knowledge, all information contained in the questionnaires (the "**Questionnaires**") completed by each of the Company's directors and officers immediately prior to the Offering (the "**Insiders**") as supplemented by all information concerning the Company's directors, officers and principal stockholders as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, provided to the Placement Agent, is true and correct in all material respects and the Company has not become aware of any information which would cause the information disclosed in the Questionnaires to become materially inaccurate and incorrect in any respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.15 <u>Litigation; Governmental Proceedings</u>. There is no action, suit, proceeding, inquiry, arbitration, investigation, litigation or governmental proceeding pending or, to the Company's knowledge, threatened against, or involving the Company, or, to the Company's knowledge, any executive officer or director which has not been disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular or in connection with the Company's listing application for the listing of the Shares on the Nasdaq Capital Market (the "**Exchange**") and which is required to be disclosed, except where the failure to do so would not have or reasonably be expected to result in a Material Adverse Change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.16 <u>Good Standing</u>. The Company has been duly incorporated and is validly existing as a corporation and is in good standing under the laws of the State of Nevada as of the date hereof, and is duly qualified to do business and is in good standing in each other jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification, except where the failure to be so qualified or in good standing, singularly or in the aggregate, would not have or reasonably be expected to result in a Material Adverse Change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17 <u>Insurance</u>. The Company carries or is entitled to the benefits of insurance, with reputable insurers, in such amounts and covering such risks which the Company believes are adequate, including, but not limited to, directors and officers insurance coverage at least equal to $5,000,000 and all such insurance is in full force and effect. The Company has no reason to believe that it will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not result in a Material Adverse Change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18 <u>Transactions Affecting Disclosure to FINRA</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;2.18.1. <u>Finder's Fees</u>. Except as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, there are no claims, payments, arrangements, agreements or understandings relating to the payment of a finder's, consulting or origination fee by the Company or any Insider with respect to the sale of the Shares hereunder or any other arrangements, agreements or understandings of the Company or, to the Company's knowledge, any of its stockholders that may affect the Placement Agent's compensation, as determined by FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18.2. <u>Payments Within Twelve (12) Months</u>. Except as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the Company has not made any direct or indirect payments (in cash, securities or otherwise) to: (i) any person, as a finder's fee, consulting fee or otherwise, in consideration of such person raising capital for the Company or introducing to the Company persons who raised or provided capital to the Company; (ii) any FINRA member; or (iii) any person or entity that has any direct or indirect affiliation or association with any FINRA member, within the twelve (12) months prior to the date of this Agreement, other than the payment to the Placement Agent as provided hereunder in connection with the Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18.3. <u>Use of Proceeds</u>. None of the net proceeds of the Offering will be paid by the Company to any participating FINRA member or its affiliates, except as specifically authorized herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18.4. <u>FINRA Affiliation</u>. There is no (i) officer or director of the Company, (ii) beneficial owner of 10% or more of any class of the Company's securities or (iii) beneficial owner of the Company's unregistered equity securities which were acquired during the 180-day period immediately preceding the filing of the Offering Statement that is an affiliate or associated person of a FINRA member participating in the Offering (as determined in accordance with the rules and regulations of FINRA). The Company (i) does not have any material lending or other relationship with any bank or lending affiliate of any Placement Agent and (ii) does not intend to use any of the proceeds from the sale of the Shares to repay any outstanding debt owed to any affiliate of any Placement Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19 <u>Foreign Corrupt Practices Act</u>. None of the Company and any of its Subsidiaries nor, to the Company's knowledge, any director, officer, agent, employee or affiliate of the Company and any of its Subsidiaries or any other person acting on behalf of the Company and any of its Subsidiaries, has, directly or indirectly, (i) given or agreed to give any money, gift or similar benefit (other than legal price concessions to customers in the ordinary course of business) to any customer, supplier, employee or agent of a customer or supplier, or official or employee of any governmental agency or instrumentality of any government (domestic or foreign) or any political party or candidate for office (domestic or foreign) or other person who was, is, or may be in a position to help or hinder the business of the Company (or assist it in connection with any actual or proposed transaction) that (a) might subject the Company to any damage or penalty in any civil, criminal or governmental litigation or proceeding, (b) if not given in the past, might have had a Material Adverse Change; (c) if not continued in the future, might adversely affect the assets, business, operations or prospects of the Company; or (d) violated or is in violation of any provision of the Foreign Corrupt Practices Act (the "**FCPA**") or any applicable non-U.S. anti-bribery statute or regulation; (ii) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; or (iii) received notice of any investigation, proceeding or inquiry by any Governmental Entity regarding any of the matters in clauses (i) or (ii) above; and the Company has conducted its business in compliance with the FCPA in all material respects, and has instituted and maintains policies and procedures designed to ensure, and which are reasonably expected to ensure, that the Company will continue to comply in all material respects with the FCPA. The Company has taken reasonable steps to ensure that its accounting controls and procedures are sufficient to cause the Company to comply in all material respects with the FCPA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20 <u>Compliance with OFAC</u>. None of the Company and any of its Subsidiaries or, to the Company's knowledge, any director, officer, agent, employee or affiliate of the Company and any of its Subsidiaries or any other person acting on behalf of the Company and any of its Subsidiaries, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury ("**OFAC**"), and the Company will not, directly or indirectly, use the proceeds of the Offering hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S. sanctions administered by OFAC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.21 <u>Forward-Looking Statements</u>. No material forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act) contained in the Offering Statement, the Preliminary Offering Circular or the Offering Circular has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22 <u>Money Laundering Laws</u>. To the Company's knowledge, the operations of the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any Governmental Entity (collectively, the "**Money Laundering Laws**"); and no action, suit or proceeding by or before any Governmental Entity involving the Company with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.23 <u>Officers' Certificate</u>. Any certificate signed by any duly authorized officer of the Company and delivered to the Placement Agent or to Placement Agent Counsel shall be deemed a representation and warranty by the Company to the Placement Agent as to the matters covered thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.24 <u>Subsidiaries</u>. All direct and indirect Subsidiaries of the Company are duly organized and in good standing under the laws of the place of organization or incorporation, and each Subsidiary is in good standing in each jurisdiction in which its ownership or lease of property or the conduct of business requires such qualification, except where the failure to qualify would not have a material adverse effect on the assets, business or operations of the Company taken as a whole. The Company's ownership and control of each Subsidiary is as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25 <u>Related Party Transactions</u>. To the Company's knowledge, there are no business relationships or related party transactions involving the Company or any other person required to be described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular that have not been described as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26 <u>No Relationships with Customers and Suppliers</u>. No relationship, direct or indirect, exists between or among the Company on the one hand, and the directors, officers, 5% or greater stockholders, customers or suppliers of the Company or any of the Company's affiliates on the other hand, which is required to be described in the Offering Statement, the Preliminary Offering Circular or the Offering Circular or a document incorporated by reference therein and which is not so described.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.27 <u>No Unconsolidated Entities</u>. Except as disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, there are no transactions, arrangements or other relationships between and/or among the Company, any of its affiliates (as such term is defined in Rule 405 of the Securities Act) and any unconsolidated entity, including, but not limited to, any structured finance, special purpose or limited purpose entity that could reasonably be expected to materially affect the Company's liquidity or the availability of or requirements for its capital resources required to be described in the Offering Statement, the Preliminary Offering Circular or the Offering Circular or a document incorporated by reference therein which have not been described as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.28 <u>Board of Directors</u>. The Board of Directors of the Company is comprised of the persons disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular. The qualifications of the persons serving as board members and the overall composition of the board comply with the Exchange Act, the Exchange Act Regulations, the Sarbanes-Oxley Act of 2002 and the rules promulgated thereunder (the "**Sarbanes-Oxley Act**") applicable to the Company and the listing rules of any Exchange. Upon the listing of the Company to the Exchange, there shall be at least one member of the Audit Committee of the Board of Directors of the Company qualifies as an "audit committee financial expert," as such term is defined under Regulation S-K and the listing rules of the Exchange. In addition, at least a majority of the persons serving on the Board of Directors qualify as "independent," as defined under the listing rules of the Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.29 <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30 <u>No Investment Company Status</u>. The Company is not and, after giving effect to the Offering and the application of the proceeds thereof as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, will not be, required to register as an "investment company," as defined in the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.31 <u>No Labor Disputes</u>. No labor dispute with the employees of the Company or any of its Subsidiaries exists or, to the knowledge of the Company, is imminent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.32 <u>Intellectual Property Rights</u>. The Company and each of its Subsidiaries owns or possesses or has valid rights to use all patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses, inventions, trade secrets and similar rights ("**Intellectual Property Rights**") necessary for the conduct of the business of the Company and its Subsidiaries as currently carried on and as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular. To the knowledge of the Company, no action or use by the Company or any of its Subsidiaries necessary for the conduct of its business as currently carried on and as described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular will involve or give rise to any infringement of, or license or similar fees for, any Intellectual Property Rights of others. Neither the Company nor any of its Subsidiaries has received any notice alleging any such infringement of, license or similar fees for, or conflict with any asserted Intellectual Property Rights of others. Except as would not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Change (A) to the knowledge of the Company, there is no infringement, misappropriation or violation by third parties of any of the Intellectual Property Rights owned by the Company; (B) there is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or claim by others challenging the rights of the Company in or to any such Intellectual Property Rights, and the Company is unaware of any facts which would form a reasonable basis for any such claim, that would, individually or in the aggregate, together with any other claims in this Section 2.32, reasonably be expected to result in a Material Adverse Change; (C) the Intellectual Property Rights owned by the Company and, to the knowledge of the Company, the Intellectual Property Rights licensed to the Company have not been adjudged by a court of competent jurisdiction invalid or unenforceable, in whole or in part, and there is no pending or, to the Company's knowledge, threatened action, suit, proceeding or claim by others challenging the validity or scope of any such Intellectual Property Rights, and the Company is unaware of any facts which would form a reasonable basis for any such claim that would, individually or in the aggregate, together with any other claims in this Section 2.32, reasonably be expected to result in a Material Adverse Change; (D) there is no pending or, to the Company's knowledge, threatened action, suit, proceeding or claim by others that the Company infringes, misappropriates or otherwise violates any Intellectual Property Rights or other proprietary rights of others, the Company has not received any written notice of such claim and the Company is unaware of any other facts which would form a reasonable basis for any such claim that would, individually or in the aggregate, together with any other claims in this Section 2.32, reasonably be expected to result in a Material Adverse Change; and (E) to the Company's knowledge, no employee of the Company is in or has ever been in violation in any material respect of any term of any employment contract, patent disclosure agreement, invention assignment agreement, non-competition agreement, non-solicitation agreement, nondisclosure agreement or any restrictive covenant to or with a former employer where the basis of such violation relates to such employee's employment with the Company, or actions undertaken by the employee while employed with the Company and could reasonably be expected to result, individually or in the aggregate, in a Material Adverse Change. To the Company's knowledge, all material technical information developed by and belonging to the Company which has not been patented or disclosed in a patent application has been kept confidential. The Company is not a party to or bound by any options, licenses or agreements with respect to the Intellectual Property Rights of any other person or entity that are required to be set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular and are not described therein. The Offering Statement, the Preliminary Offering Circular and the Offering Circular contain in all material respects the same description of the matters set forth in the preceding sentence. None of the technology employed by the Company has been obtained or is being used by the Company in violation of any contractual obligation binding on the Company or any of its Subsidiaries or, to the Company's knowledge, any of its officers, directors or employees, or otherwise in violation of the rights of any persons.

To the Company's knowledge, all licenses for the use of the Intellectual Property described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular are in full force and effect in all material respects and are enforceable by the Company and, to the Company's knowledge, the other parties thereto, in accordance with their terms, except (x) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally, (y) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws, and (z) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. None of such agreements or instruments has been assigned by the Company, and the Company, has no knowledge, that any other party is in default thereunder and no event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a default thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.33 <u>Taxes</u>. Each of the Company and its Subsidiaries has filed all returns (as hereinafter defined) required to be filed with taxing authorities prior to the date hereof or has duly obtained extensions of time for the filing thereof. Each of the Company and its Subsidiaries has paid all taxes (as hereinafter defined) shown as due on such returns that were filed and has paid all taxes imposed on or assessed against the Company or such respective Subsidiary. The provisions for taxes payable, if any, shown on the financial statements filed with or as part of the Offering Statement are sufficient for all accrued and unpaid taxes, whether or not disputed, and for all periods to and including the dates of such consolidated financial statements. Except as disclosed in writing to the Placement Agent, (i) no issues have been raised (and are currently pending) by any taxing authority in connection with any of the returns or taxes asserted as due from the Company or its Subsidiaries, and (ii) no waivers of statutes of limitation with respect to the returns or collection of taxes have been given by or requested from the Company or its Subsidiaries. The term "taxes" means all federal, state, local, foreign and other net income, gross income, gross receipts, sales, use, ad valorem, transfer, franchise, profits, license, lease, service, service use, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property, windfall profits, customs, duties or other taxes, fees, assessments or charges of any kind whatever, together with any interest and any penalties, additions to tax or additional amounts with respect thereto. The term "returns" means all United States returns, declarations, reports, statements and other documents required to be filed in respect to taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.34 <u>ERISA Compliance</u>. The Company and any "employee benefit plan" (as defined under the Employee Retirement Income Security Act of 1974, as amended, and the regulations and published interpretations thereunder (collectively, "**ERISA**")) established or maintained by the Company or its "ERISA Affiliates" (as defined below) are in compliance in all material respects with ERISA. "ERISA Affiliate" means, with respect to the Company, any member of any group of organizations described in Sections 414(b), (c), (m) or (o) of the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations thereunder (the "Code") of which the Company is a member. No "reportable event" (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any "employee benefit plan" established or maintained by the Company or any of its ERISA Affiliates. No "employee benefit plan" established or maintained by the Company or any of its ERISA Affiliates, if such "employee benefit plan" were terminated, would have any "amount of unfunded benefit liabilities" (as defined under ERISA). Neither the Company, nor any of its ERISA Affiliates has incurred or reasonably expects to incur any material liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any "employee benefit plan" or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each "employee benefit plan" established or maintained by the Company, or any of its ERISA Affiliates that is intended to be qualified under Section 401(a) of the Code is so qualified and, to the knowledge of the Company, nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.35 <u>Compliance with Laws</u>. The Company: (A) is and at all times has been in compliance with all statutes, rules, regulations, ordinances, judgments, orders and decrees of all Governmental Entities applicable to the Company's business ("**Applicable Laws**"), except as could not, individually or in the aggregate, reasonably be expected to result in or have a Material Adverse Change; (B) has not received any warning letter, untitled letter or other correspondence or notice from any other Governmental Entity alleging or asserting noncompliance with any Applicable Laws or any licenses, consents, certificates, approvals, clearances, authorizations, permits, orders and supplements or amendments thereto required by any such Applicable Laws ("**Authorizations**"); (C) possesses all material Authorizations and such Authorizations are valid and in full force and effect and are not in material violation of any term of any such Authorizations; (D) has not received notice of any claim, action, suit, litigation, proceeding, hearing, enforcement, investigation, inquiry, arbitration or other action from any Governmental Entity or third party alleging that any product operation or activity is in violation of any Applicable Laws or Authorizations and has no knowledge that any such Governmental Entity or third party is considering any such claim, litigation, arbitration, action, suit, litigation proceeding, hearing, enforcement, investigation, inquiry, arbitration or other action; (E) has not received notice that any Governmental Entity has taken, is taking or intends to take action to limit, suspend, modify or revoke any Authorizations and has no knowledge that any such Governmental Entity considering such action; (F) has filed, obtained, maintained or submitted all material reports, documents, forms, filings, notices, applications, records, claims, submissions and supplements or amendments as required by any Applicable Laws or Authorizations and that all such reports, documents, forms, notices, applications, records, claims, submissions and supplements or amendments were complete and correct on the date filed (or were corrected or supplemented by a subsequent submission); and (G) has not, either voluntarily or involuntarily, initiated, conducted, or issued or caused to be initiated, conducted or issued, any recall, market withdrawal or replacement, safety alert, post-sale warning, "dear doctor" letter, or other notice or action relating to the alleged lack of safety or efficacy of any product or any alleged product defect or violation and, to the Company's knowledge, no third party has initiated, conducted or intends to initiate any such notice or action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.36 <u>Ineligible Issuer</u>. At the time of filing the Offering Statement and any post-qualification amendment thereto, at the earliest time thereafter that the Company or another offering participant made a bona fide offer (within the meaning of Rule 164(h)(2) of the Securities Act Regulations) of the Shares and at the date hereof, the Company was not and is not an "ineligible issuer," as defined in Rule 405, without taking account of any determination by the Commission pursuant to Rule 405 that it is not necessary that the Company be considered an ineligible issuer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.37 <u>Environmental Laws</u>. The Company and its Subsidiaries are in compliance with all foreign, federal, state and local rules, laws and regulations relating to the use, treatment, storage and disposal of hazardous or toxic substances or waste and protection of health and safety or the environment which are applicable to their businesses ("**Environmental Laws**"), except where the failure to comply would not, singularly or in the aggregate, result in a Material Adverse Change. There has been no storage, generation, transportation, handling, treatment, disposal, discharge, emission, or other release of any kind of toxic or other wastes or other hazardous substances by, due to, or caused by the Company or any of its Subsidiaries (or, to the Company's knowledge, any other entity for whose acts or omissions the Company or any of its Subsidiaries is or may otherwise be liable) upon any of the property now or previously owned or leased by the Company or any of its Subsidiaries , or upon any other property, in violation of any law, statute, ordinance, rule, regulation, order, judgment, decree or permit or which would, under any law, statute, ordinance, rule (including rule of common law), regulation, order, judgment, decree or permit, give rise to any liability; and there has been no disposal, discharge, emission or other release of any kind onto such property or into the environment surrounding such property of any toxic or other wastes or other hazardous substances with respect to which the Company has knowledge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38 <u>Real Property</u>. Except as set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, the Company and each of its Subsidiaries have good and marketable title in fee simple to, or have valid rights to lease or otherwise use, all items of real or personal property which are material to the business of the Company and its Subsidiaries taken as a whole, in each case free and clear of all liens, encumbrances, security interests, claims and defects that do not, singly or in the aggregate, materially affect the value of such property and do not interfere with the use made and proposed to be made of such property by the Company or any of its Subsidiaries; and all of the leases and subleases material to the business of the Company and its subsidiaries, considered as one enterprise, and under which the Company or any of its Subsidiaries holds properties described in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, are in full force and effect, and neither the Company nor any Subsidiary has received any notice of any material claim of any sort that has been asserted by anyone adverse to the rights of the Company or any Subsidiary under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company or such Subsidiary to the continued possession of the leased or subleased premises under any such lease or sublease.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.39 <u>Contracts Affecting Capital</u>. There are no transactions, arrangements or other relationships between and/or among the Company, any of its affiliates (as such term is defined in Rule 405 of the Securities Act Regulations) and any unconsolidated entity, including, but not limited to, any structured finance, special purpose or limited purpose entity that could reasonably be expected to materially affect the Company's or any of its Subsidiaries' liquidity or the availability of or requirements for their capital resources required to be described or incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular which have not been described or incorporated by reference as required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40 <u>Loans to Directors or Officers</u>. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or its Subsidiaries to or for the benefit of any of the officers or directors of the Company, its Subsidiaries or any of their respective family members, except as disclosed in the Offering Statement, the Preliminary Offering Circular and the Offering Circular.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.41 <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.42 <u>Industry Data</u>. The statistical and market-related data included in each of the Offering Statement, the Preliminary Offering Circular and the Offering Circular are based on or derived from sources that the Company reasonably and in good faith believes are reliable and accurate or represent the Company's good faith estimates that are made on the basis of data derived from such sources.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.43 <u>Margin Securities</u>. The Company owns no "margin securities" as that term is defined in Regulation U of the Board of Governors of the Federal Reserve System (the "**Federal Reserve Board**"), and none of the proceeds of Offering will be used, directly or indirectly, for the purpose of purchasing or carrying any margin security, for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase or carry any margin security or for any other purpose which might cause any of the shares of Common Stock to be considered a "purpose credit" within the meanings of Regulation T, U or X of the Federal Reserve Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.44 <u>Reserved</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.45 <u>Minute Books</u>. The minute books of the Company and each Subsidiary have been made available to the Placement Agent and Placement Agent Counsel, and such books (i) contain a complete summary of all meetings and actions of the board of directors (including each board committee) and stockholders of the Company and each Subsidiary (or analogous governing bodies and interest holders, as applicable), and since June 1, 2025, through the date of the latest meeting and action, and (ii) accurately in all material respects reflect all transactions referred to in such minutes. There are no material transactions, agreements, dispositions or other actions of the Company and each Subsidiary that are not properly approved and/or accurately and fairly recorded in the minute books of the Company or its Subsidiary, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.46 <u>Integration</u>. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause the Offering to be integrated with prior offerings by the Company for purposes of the Securities Act that would require the registration of any such securities under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.47 <u>No Stabilization</u>. Neither the Company nor, to its knowledge, any of its employees, directors or stockholders (without the consent of the Placement Agent) has taken or shall take, directly or indirectly, any action designed to or that has constituted or that might reasonably be expected to cause or result in, under Regulation M of the Exchange Act, or otherwise, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.48 <u>Confidentiality and Non-Competition</u>. To the Company's knowledge, no director, officer, key employee or consultant of the Company is subject to any confidentiality, non-disclosure, non- competition agreement or non-solicitation agreement with any employer or prior employer that could reasonably be expected to materially affect his ability to be and act in his respective capacity of the Company or be expected to result in a Material Adverse Change.

3. <u>Covenants of the Company</u>. The Company covenants and agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Amendments to Offering Statement</u>. The Company shall deliver to the Placement Agent, prior to filing, any amendment or supplement to the Offering Statement, the Preliminary Offering Circular and the Offering Circular proposed to be filed after the date hereof and not file any such amendment or supplement to which the Placement Agent shall reasonably object in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Federal Securities Laws.</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;3.2.1. <u>Compliance</u>. The Company, subject to Section 3.2.2, shall comply with the requirements of the Rules and Regulations, and will notify the Placement Agent promptly, and confirm the notice in writing, (i) when any post-qualification amendment to the Offering Statement or any amendment or supplement to the Preliminary Offering Circular and the Offering Circular shall have been filed and when any post-qualification amendment to the Offering Statement shall become qualified; (ii) of the receipt of any comments from the Commission; (iii) of any request by the Commission for any amendment to the Offering Statement or any amendment or supplement to any Preliminary Offering Circular and the Offering Circular or for additional information; (iv) of the issuance by the Commission of any stop order suspending the effectiveness of the Offering Statement or any post-qualification amendment thereto or of any order preventing or suspending the use of any Preliminary Offering Circular and the Offering Circular, or of the suspension of the qualification of the Shares for offering or sale in any jurisdiction, or of the initiation or threatening of any proceedings for any of such purposes or of any examination pursuant to Section 8(d) or 8(e) of the Securities Act concerning the Offering Statement; and (v) if the Company becomes the subject of a proceeding under Section 8A of the Securities Act in connection with the Offering of the Shares. Company shall effect all filings required under Rule 253(g) of the Securities Act Regulations, in the manner and within the time period required by Regulation A and shall take such steps as it deems necessary to ascertain promptly whether the form of offering statement transmitted for filing under Rule 253 was received for filing by the Commission and, in the event that it was not, it will promptly file such offering circular. The Company shall use its reasonable best efforts to prevent the issuance of any stop order, prevention or suspension and, if any such order is issued, to obtain the lifting thereof at the earliest possible moment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.2. <u>Continued Compliance</u>. The Company shall comply with the Securities Act, the Exchange Act and the Rules and Regulations so as to permit the completion of the distribution of the Shares as contemplated in this Agreement and in the Offering Statement, the Preliminary Offering Circular and the Offering Circular. If at any time when an offering circular relating to the Shares is (or, but for the exception afforded by Rule 172 of the Securities Act Regulations ("**Rule 172**"), would be) required by the Securities Act to be delivered in connection with sales of the Shares, any event shall occur or condition shall exist as a result of which it is necessary, in the opinion of counsel for the Placement Agent or for the Company, to (i) amend the Offering Statement in order that the Offering Statement will not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; (ii) amend or supplement the Preliminary Offering Circular and the Offering Circular in order that the Preliminary Offering Circular and the Offering Circular, as the case may be, will not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein not misleading in the light of the circumstances existing at the time it is delivered to a purchaser or (iii) amend the Offering Statement or amend or supplement the Preliminary Offering Circular and the Offering Circular, as the case may be, in order to comply with the requirements of the Securities Act or the Rules and Regulations, the Company will promptly (A) give the Placement Agent notice of such event; (B) prepare any amendment or supplement as may be necessary to correct such statement or omission or to make the Offering Statement, the Preliminary Offering Circular and the Offering Circular comply with such requirements and, a reasonable amount of time prior to any proposed filing or use, furnish the Placement Agent with copies of any such amendment or supplement and (C) file with the Commission any such amendment or supplement; provided, however, that the Company shall not file or use any such amendment or supplement to which the Placement Agent or counsel for the Placement Agent shall reasonably object. The Company will furnish to the Placement Agent such number of copies of such amendment or supplement as the Placement Agent may reasonably request. The Company has given the Placement Agent notice of any filings made pursuant to the Exchange Act or the Rules and Regulations within 48 hours prior to each Closing Date. The Company shall give the Placement Agent notice of its intention to make any such filing until such Closing Date and will furnish the Placement Agent with copies of the related document(s) a reasonable amount of time prior to such proposed filing, as the case may be, and will not file or use any such document to which the Placement Agent or counsel for the Placement Agent shall reasonably object.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Delivery to the Placement Agent of Offering Statements</u>. The Company has delivered or made available or shall deliver or make available to the Placement Agent and counsel for the Placement Agent, without charge, signed copies of the Offering Statement as originally filed and each amendment thereto (including exhibits filed therewith or incorporated by reference therein and documents incorporated or deemed to be incorporated by reference therein) and signed copies of all consents and certificates of experts, and will also deliver to the Placement Agent, without charge, a conformed copy of the Offering Statement as originally filed and each amendment thereto (without exhibits) for the Placement Agent. The copies of the Offering Statement and each amendment thereto furnished to the Placement Agent will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Delivery to the Placement Agent of Offering Circular</u>. The Company has delivered or made available or will deliver or make available to the Placement Agent, without charge, as many copies of each Preliminary Offering Circular as the Placement Agent reasonably requested, and the Company hereby consents to the use of such copies for purposes permitted by the Securities Act. The Company will furnish to the Placement Agent, without charge, during the period when a prospectus relating to the Shares is (or, but for the exception afforded by Rule 172, would be) required to be delivered under the Securities Act, such number of copies of the Offering Circular (as amended or supplemented) as the Placement Agent may reasonably request. The Offering Circular and any amendments or supplements thereto furnished to the Placement Agent will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>Qualification and Events Requiring Notice to the Placement Agent</u>. The Company shall use its best efforts to cause the Offering Statement to remain qualified with a current offering circular until the termination of the Offering, and shall notify the Placement Agent immediately and confirm the notice in writing: (i) of the qualification of the Offering Statement and any amendment thereto; (ii) of the issuance by the Commission of any stop order or of the initiation, or the threatening, of any proceeding for that purpose; (iii) of the issuance by any state securities commission of any proceedings for the suspension of the qualification of the Shares for offering or sale in any jurisdiction or of the initiation, or the threatening, of any proceeding for that purpose; (iv) of the mailing and delivery to the Commission for filing of any amendment or supplement to the Offering Statement or Offering Circular; (v) of the receipt of any comments or request for any additional information from the Commission; and (vi) of the happening of any event during the period described in this Section 3.5 that, in the judgment of the Company, makes any statement of a material fact made in the Offering Statement, any Preliminary Offering Circular or the Offering Circular untrue or that requires the making of any changes in (a) the Offering Statement in order to make the statements therein not misleading, or (b) in any Preliminary Offering Circular or the Offering Circular in order to make the statements therein, in light of the circumstances under which they were made, not misleading. If the Commission or any state securities commission shall enter a stop order or suspend such qualification at any time, the Company shall make every reasonable effort to obtain promptly the lifting of such order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 <u>Review of Financial Statements.</u> For a period of three (3) years after the date of this Agreement, the Company, at its expense, shall cause its regularly engaged independent registered public accounting firm to review (but not audit) the Company's financial statements for each of the three fiscal quarters immediately preceding the announcement of any quarterly financial information, or, if applicable such other time period as may be required by the Securities and Exchange Commission and applicable federal and state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7 <u>Reports to the Placement Agent</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;3.7.1. <u>Periodic Reports, etc</u>. For a period of two (2) years after the date of this Agreement, the Company shall furnish or make available to the Placement Agent copies of such financial statements and other periodic and special reports as the Company from time to time furnishes generally to holders of any class of its securities and also promptly furnish to the Placement Agent: (i) from the date the Company becomes subject to the Exchange Act and Exchange Act Regulations, a copy of each periodic report the Company shall be required to file with the Commission under the Exchange Act and the Exchange Act Regulations; (ii) a copy of every material press release and every material news item and article with respect to the Company or its affairs which was released by the Company; (iii) five copies of each registration statement filed by the Company under the Securities Act; (v) a copy of each material report or other material communication furnished to stockholders; and (vi) such additional documents and information with respect to the Company and the affairs of any future subsidiaries of the Company as the Placement Agent may from time to time reasonably request; provided, however, the Placement Agent shall sign, if requested by the Company, a Regulation FD compliant confidentiality agreement which is reasonably acceptable to the Placement Agent and Placement Agent Counsel in connection with the Placement Agent's receipt of such information. Documents filed with the Commission pursuant to its EDGAR system shall be deemed to have been delivered to the Placement Agent pursuant to this Section 3.7.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.2. <u>Transfer Agent; Transfer Sheets</u>. For a period of two (2) years after the date of this Agreement, the Company shall retain a transfer agent, and registrar acceptable to the Placement Agent (the "**Transfer Agent**") and shall furnish to the Placement Agent at the Company's sole cost and expense such transfer sheets of the Company's securities as the Placement Agent may reasonably request, including the daily and monthly consolidated transfer sheets of the Transfer Agent and DTC. The current transfer agent of the Company, Equity Stock Transfer, Inc., is acceptable to the Placement Agent to act as Transfer Agent for the shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7.3. <u>Trading Reports</u>. If and at such time as the Shares become listed on the Exchange, and from then on, the Company shall provide to the Placement Agent, at the Company's expense, such reports published by Exchange relating to price trading of the Shares, as the Placement Agent shall reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 <u>Payment of Expenses</u>. The Company hereby agrees to pay on each Closing Date all expenses incident to the performance of the obligations of the Company under this Agreement, including, but not limited to (a) all filing fees and expenses relating to the registration of the Shares with the Commission; (b) all FINRA Public Offering filing fees; (c) all fees and expenses relating to the listing of the Company's common stock on the Exchange or on such other stock exchanges as the Company and Placement Agent together determine; (d) all fees, expenses and disbursements relating to the registration or qualification of the Shares under the "blue sky" securities laws of such states and other jurisdictions as the Placement Agent may reasonably designate (including, without limitation, all filing and registration fees, and the reasonable fees and disbursements of "blue sky" counsel, which will be Placement Agent Counsel, it being agreed that such fees and expenses will be limited to: (i) the NYSE MKT or Nasdaq Stock Market, the Company will make a payment of $10,000 to such counsel at Closing and (ii) if the Offering is not conducted on a national securities exchange, the Company will make a payment of $25,000 to such counsel at Closing; (e) all fees, expenses and disbursements relating to the registration, qualification or exemption of the Shares under the securities laws of such foreign jurisdictions as the Placement Agent may reasonably designate; (f) the costs of all mailing and printing of the underwriting documents and Offering documents; (g) transfer and/or stamp taxes, if any, payable upon the transfer of Shares from the Company to the Placement Agent; (h) the fees and expenses of the Company's accountants; (i) the fees and expenses of the Company's legal counsel and other agents and representatives; (j) up to $10,000 to cover the Placement Agent's actual "road show" expenses for an Offering; and (k) in case of the uplisting of the Common Stock to a national securities exchange, up to $100,000 of the Placement Agent's legal and additional diligence expenses not covered by the provisions and terms of this Section 3.8 herein; provided however, that in the event that the Company elects to terminate its further participation in the Offering and the engagement by the Company of the Placement Agent, upon such termination, the Company will reimburse the Placement Agent for, or otherwise pay and bear, the expenses and fees to be paid and borne by the Company as provided for in this Section 3.8 above and to reimburse the Placement Agent for the full amount of its actual accountable expenses incurred to such date for all such expenses which are permitted to be reimbursed under FINRA Rule 5110(g)(4)(A) (which expenses will include, but will not be limited to, all reasonable fees and disbursements of Placement Agent Counsel, travel, lodging and other "road show" expenses, mailing, printing and reproduction expenses, and any expenses incurred by the Placement Agent in conducting its due diligence, including background checks of the Company's officers and directors), less amounts, if any, previously paid to the Placement Agent in reimbursement for such expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9 <u>Application of Net Proceeds</u>. The Company shall apply the net proceeds from the Offering received by it in a manner consistent with the application thereof described under the caption "Use of Proceeds" in the Offering Statement, the Preliminary Offering Circular and the Offering Circular.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10 <u>Delivery of Earnings Statements to Security Holders</u>. The Company shall make generally available to its security holders as soon as practicable, but not later than the first day of the fifteenth (15<sup>th</sup>) full calendar month following the date of this Agreement, an earnings statement (which need not be certified by independent registered public accounting firm unless required by the Securities Act or the Securities Act Regulations, but which shall satisfy the provisions of Rule 158(a) under Section 11(a) of the Securities Act) covering a period of at least twelve (12) consecutive months beginning after the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11 <u>Stabilization</u>. Neither the Company nor, to its knowledge, any of its employees, directors or stockholders (without the consent of the Placement Agent) has taken or shall take directly or indirectly, any action designed to or that has constituted or that might reasonably be expected to cause or result in, under Regulation M of the Exchange Act, or otherwise, stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12 <u>Internal Controls</u>. The Company shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management's general or specific authorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.13 <u>Accountants</u>. As of the date of this Agreement, the Company shall continue to retain a nationally recognized independent registered public accounting firm for a period of at least two (2) years after the date of this Agreement. The Placement Agent acknowledges that the Auditor is acceptable to the Placement Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.14 <u>FINRA</u>. The Company shall advise the Placement Agent (who shall make an appropriate filing with FINRA) if it is or becomes aware that (i) any officer or director of the Company, (ii) any beneficial owner of 5% or more of any class of the Company's securities or (iii) any beneficial owner of the Company's unregistered equity securities which were acquired during the 180 days immediately preceding the filing of the Offering Statement is or becomes an affiliate or associated person of a FINRA member participating in the Offering (as determined in accordance with the rules and regulations of FINRA).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.15 <u>No Fiduciary Duties</u>. The Company acknowledges and agrees that the Placement Agent's responsibility to the Company is solely contractual in nature and that none of the Placement Agent or their affiliates or any selling agent shall be deemed to be acting in a fiduciary capacity, or otherwise owes any fiduciary duty to the Company or any of its affiliates in connection with the Offering and the other transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16 <u>Restriction on Continuous Offerings</u>. Notwithstanding the restrictions contained in Section 3.17, the Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Placement Agent, it will not, for a period of ninety (90) days after the date of this Agreement, directly or indirectly in any "at-the-market" or continuous equity transaction, offer to sell, sell, contract to sell, grant any option to sell or otherwise dispose of shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.17 <u>Lock-Up Agreements</u>. Each of the Company's directors, officers, certain personnel of the Company (with respect to shares of Common Stock received pursuant to equity incentive plans of the Company only), and any other holder of more than 5% of the outstanding shares of Common Stock as of the qualification date of the Registration Statement on behalf of itself and any successor, agrees that, without the prior written consent of the Placement Agent, that each will not for a period of one hundred eighty (180) days after the initial Closing Date (the "**Lock-Up Period**") offer, sell, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company (the "**Lock-Up Shares**"). Notwithstanding the foregoing, until the 2026 midterm elections taking place on November 3, 2026, the holders of the Lock-Up Shares may only offer, sell, contract to sell, hypothecate, pledge, dividend, distribute or otherwise dispose of, directly or indirectly the Lock-Up Shares subject to the restrictions set forth in the lock-up / leak-out agreement, in the form attached hereto as Exhibit B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.18 <u>Blue Sky Qualifications</u>. The Company shall use its reasonable best efforts, in cooperation with the Placement Agent, if necessary, to qualify the Shares for offering and sale under the applicable securities laws of such states and other jurisdictions (domestic or foreign) as the Placement Agent may designate and to maintain such qualifications in effect so long as required to complete the distribution of the Shares; provided, however, that the Company shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.19 <u>Reporting Requirements</u>. Following qualification of the Offering Statement, the Company will comply with applicable ongoing reporting requirement under Rule 257 of the Securities Act. During any period when a prospectus relating to the Shares is (or, but for the exception afforded by Rule 172, would be) required to be delivered under the Securities Act, the Company will file all documents required to be filed with the Commission pursuant to the Exchange Act within the time periods required by the Exchange Act and Rules and Regulations. Additionally, the Company shall report the use of proceeds from the issuance of the Shares as may be required under Rule 463 under the Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.20 <u>Press Release</u>. Prior to the Closing Date and for a period of thirty (30) days after the Closing Date, the Company shall not issue any press release or other communication directly or indirectly or hold any press conference or engage in any other publicity with respect to the Company, its condition, financial or otherwise, or earnings, business affairs or business prospects (except for routine and customary releases and oral marketing communications in the ordinary course of business and consistent with the past practices of the Company and of which the Placement Agent is notified), without the prior written consent of the Placement Agent, which consent shall not be unreasonably withheld, unless in the judgment of the Company and its counsel, and after notification to the Placement Agent, such press release or communication is required by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.21 <u>Sarbanes Oxley</u>. Upon the listing of the Company to the Exchange, the Company shall at all times comply with all applicable provisions of the Sarbanes Oxley Act in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.22 <u>Board Composition and Board Designations</u>. Upon the listing of the Company to the Exchange, the Company shall ensure that: (i) the qualifications of the persons serving as members of the Board of Directors and the overall composition of the Board comply with the Sarbanes-Oxley Act, with the Exchange Act and with the listing rules of the Exchange or any other national securities exchange, as the case may be, in the event the Company seeks to have its Shares listed on another exchange or quoted on an automated quotation system, and (ii) if applicable, at least one member of the Audit Committee of the Board of Directors qualifies as an "audit committee financial expert," as such term is defined under Regulation S-K and the listing rules of the Exchange.

4. <u>Representations and Warranties of the Placement Agent</u>. The Placement Agent represents and warrants to the Company as of each Closing Date as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1. <u>Authority</u>. This Agreement has been duly authorized, executed and delivered by the Placement Agent, and upon due execution and delivery by the Company, this Agreement will be a valid and binding agreement of the Placement Agent enforceable against it in accordance with its terms, except as may be limited by principles of public policy and, as to enforceability, subject to applicable bankruptcy, insolvency, reorganization, moratorium and similar laws relating to or affecting creditor's rights from time to time in effect and subject to general equity principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2. <u>No Conflict</u>. None of the execution or delivery of or performance by the Placement Agent under this Agreement or any other agreement or document entered into by the Placement Agent in connection herewith or the consummation of the transactions herein or therein contemplated conflicts with or violates, any agreement or other instrument to which the Placement Agent is a party or by which its assets may be bound, or its limited liability company agreement, or any license, permit, judgment, decree, order, statute, rule or regulation applicable to the Placement Agent or any of its assets, except in each case as would not have a material adverse effect on the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3. <u>Compliance with FINRA</u>. The Placement Agent is a member in good standing of FINRA and is registered as a broker-dealer under the Exchange Act, and under the securities acts of each state into which it is making offers or sales of the Shares. The Placement Agent is in compliance with all applicable rules and regulations of the Commission and FINRA, except to the extent that such noncompliance would not have a material adverse effect on the transactions contemplated hereby. None of the Placement Agent or its affiliates, or any person acting on behalf of the foregoing (other than the Company or its affiliates or any person acting on its or their behalf, in respect of which no representation is made) has taken nor will take any action that conflicts with the conditions and requirements of, or that would make unavailable with respect to the Offering, the exemption(s) from registration available pursuant to Section 4(a)(2) of the Securities Act or knows of any reason why any such exemption would be otherwise unavailable to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.4. <u>No Disqualification Event</u>. Neither the Placement Agent nor any of the Placement Agents Related Persons (as defined below) are subject to any Disqualification Event as of the date hereof. The Placement Agent has exercised reasonable care to determine whether any Placement Agent Related Person is subject to such a Disqualification Event. As used herein, "**Placement Agent Related Persons**" means any predecessor of the relevant Placement Agent, any affiliated issuer, any director, executive officer, other officer of the Placement Agent participating in the Offering, any general partner or managing member of the Placement Agent, any beneficial owner of 20% or more of the Placement Agent's outstanding voting equity securities, calculated on the basis of voting power, and any "promoter" (as defined in Rule 405 under the Securities Act) connected with the Placement Agent in any capacity. The Placement Agent agrees to promptly notify the Company in writing of (i) any Disqualification Event relating to any Placement Agent Related Person and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Placement Agent Related Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.5. <u>FINRA Affiliations</u>. There are no affiliations with any FINRA member firm among the Company's officers, directors or, to the knowledge of the Company, any five percent (5.0%) or greater stockholder of the Company, except as set forth in the Offering Statement.

5. <u>Conditions to Closing</u>. The obligations of the Investors to purchase and pay for the Shares, shall be subject to (i) the continuing accuracy of the representations and warranties of the Company and the Placement Agent as of the date hereof and as of each Closing Date (except as otherwise indicated below); (ii) the accuracy of the statements of officers of the Company made pursuant to the provisions hereof; (iii) the performance by the Company of its obligations hereunder; and (iv) the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Regulatory Matters</u>*.***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.1. <u>Commission Actions; Required Filings</u>. On each Closing Date, no stop order suspending the qualification of the Offering Statement or any post-qualification amendment thereto has been issued under the Securities Act, no order preventing or suspending the use of any Preliminary Offering Circular or the Offering Circular has been issued and no proceedings for any of those purposes have been instituted or are pending or, to the Company's knowledge, contemplated by the Commission. The Company has complied with each request (if any) from the Commission for additional information. An Offering Circular shall have been filed with the Commission in the manner and within the time frame required by Rule 253 under the Rules and Regulations or a post-qualification amendment providing such information shall have been filed with, and qualified by, the Commission in accordance with the requirements under the Rules and Regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1.2. <u>Exchange Clearance</u>. On each Closing Date other than the initial Closing Date, the Company's shares of Common Stock shall have been approved for listing on the Exchange, subject only to official notice of issuance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Company Counsel Matters.</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;5.2.1. <u>Closing Date Opinion of U.S. Counsel for the Company</u>. On the initial Closing Date, the Placement Agent shall have received the opinion of Haynes and Boone, LLP, counsel to the Company, and a written statement providing certain "10b-5" negative assurances, dated the Closing Date and addressed to the Placement Agent, in a form reasonably acceptable to the Placement Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2. <u>Reserved</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;5.2.3. <u>Reliance</u>. In rendering such opinions, such counsel may rely: (i) as to matters involving the application of laws other than the laws of the United States and jurisdictions in which they are admitted, to the extent such counsel deems proper and to the extent specified in such opinion, if at all, upon an opinion or opinions (in form and substance reasonably satisfactory to the Placement Agent) of other counsel reasonably acceptable to the Placement Agent, familiar with the applicable laws; and (ii) as to matters of fact, to the extent they deem proper, on certificates or other written statements of officers of the Company and officers of departments of various jurisdictions having custody of documents respecting the corporate existence or good standing of the Company, provided that copies of any such statements or certificates shall be delivered to Placement Agent Counsel if requested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Comfort Letters</u>. On the initial Closing Date, the Placement Agent shall have received a cold comfort letter containing statements and information of the type customarily included in accountants' comfort letters with respect to the financial statements and certain financial information contained or incorporated by reference or deemed incorporated by reference in the Offering Statement, the Preliminary Offering Circular and the Offering Circular, addressed to the Placement Agent and in form and substance satisfactory in all respects to the Placement Agent and to the Auditor, dated as of the date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Officers' Certificates.</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;5.4.1. <u>Officers' Certificate</u>. The Company shall have furnished to the Placement Agent a certificate, dated the Closing Date, of its Chief Executive Officer and its Chief Financial Officer stating that (i) such officers have carefully examined the Offering Statement, the Preliminary Offering Circular and the Offering Circular and, in their opinion, the Offering Statement, the Preliminary Offering Circular and the Offering Circular, as of the respective dates thereof and each Closing Date, did not include any untrue statement of a material fact and did not omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) since the qualification date of the Offering Statement, no event has occurred which should have been set forth in a supplement or amendment to the Offering Statement, the Preliminary Offering Circular or the Offering Circular, (iii) to the best of their knowledge after reasonable investigation, as of the initial Closing Date, the representations and warranties of the Company in this Agreement are true and correct in all material respects (except for those representations and warranties qualified as to materiality, which shall be true and correct in all respects and except for those representations and warranties which refer to facts existing at a specific date, which shall be true and correct as of such date) and the Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the initial Closing Date, and (iv) there has not been, subsequent to the date of the most recent audited financial statements included or incorporated by reference in the Offering Statement, any material adverse change in the financial position or results of operations of the Company, or any change or development that, singularly or in the aggregate, would involve a material adverse change or a prospective material adverse change, in or affecting the condition (financial or otherwise), results of operations, business, assets or prospects of the Company, except as set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4.2. <u>Secretary's Certificate</u>. On the initial Closing Date, the Placement Agent shall have received a certificate of the Company signed by the Secretary of the Company, dated the initial Closing Date, certifying: (i) that each of the Charter and Bylaws is true and complete, has not been modified and is in full force and effect; (ii) that the resolutions of the Company's Board of Directors relating to the Offering are in full force and effect and have not been modified; (iii) as to the accuracy and completeness of all correspondence between the Company or its counsel and the Commission; and (iv) as to the incumbency of the officers of the Company. The documents referred to in such certificate shall be attached to such certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <u>No Material Changes</u>. Prior to and on each Closing Date: (i) there shall have been no Material Adverse Change or development involving a prospective Material Adverse Change from the latest dates as of which such condition is set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular and no change in the capital stock or debt of the Company; (ii) no action, suit or proceeding, at law or in equity, shall have been pending or threatened against the Company or any Insider before or by any court or federal or state commission, board or other administrative agency wherein an unfavorable decision, ruling or finding may materially adversely affect the business, operations, properties, assets, prospects or financial condition or income of the Company, except as set forth in the Offering Statement, the Preliminary Offering Circular and the Offering Circular; (iii) no stop order shall have been issued under the Securities Act and no proceedings therefor shall have been initiated or threatened by the Commission; (iv) no action shall have been taken and no law, statute, rule, regulation or order shall have been enacted, adopted or issued by any Governmental Entity which would prevent the issuance or sale of the Shares or materially and adversely affect or potentially materially and adversely affect the business or operations of the Company; (v) no injunction, restraining order or order of any other nature by any federal or state court of competent jurisdiction shall have been issued which would prevent the issuance or sale of the Shares or materially and adversely affect or potentially materially and adversely affect the business or operations of the Company; and (vi) the Offering Statement, the Preliminary Offering Circular and the Offering Circular and any amendments or supplements thereto shall contain all material statements which are required to be stated therein in accordance with the Securities Act and the Securities Act Regulations and shall conform in all material respects to the requirements of the Securities Act and the Securities Act Regulations, and neither the Offering Statement, the Preliminary Offering Circular and the Offering Circular nor any amendment or supplement thereto shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <u>Corporate Proceedings</u>. All corporate proceedings and other legal matters incident to the authorization, form and validity of each of this Agreement, the Shares, the Offering Statement, the Preliminary Offering Circular and the Offering Circular and all other legal matters relating to this Agreement and the transactions contemplated hereby and thereby shall be reasonably satisfactory in all material respects to counsel for the Placement Agent, and the Company shall have furnished to such counsel all documents and information that they may reasonably request to enable them to pass upon such matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 <u>Delivery of Placement Agent's Warrant Agreement</u>. On each Closing Date, the Company shall have delivered to the Placement Agent an executed copy of the Placement Agent's Warrant Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8 <u>Additional Documents</u>. On each Closing Date, Placement Agent Counsel shall have been furnished with such documents and opinions as they may require for the purpose of enabling Placement Agent Counsel to deliver an opinion to the Placement Agent, or in order to evidence the accuracy of any of the representations or warranties, or the fulfillment of any of the conditions, herein contained; and all proceedings taken by the Company in connection with the issuance and sale of the Shares and the as herein contemplated shall be satisfactory in form and substance to the Placement Agent and Placement Agent Counsel.

6. <u>Indemnification</u>**.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>General</u>. Subject to the conditions set forth below, the Company agrees to indemnify and hold harmless the Placement Agent, its affiliates and each of its and their respective directors, officers, members, employees, representatives, partners, stockholders, affiliates, counsel, and agents and each person, if any, who controls any such Placement Agent within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act (collectively the "**Placement Agent Indemnified Parties**," and each a "**Placement Agent Indemnified Party**"), against any and all loss, liability, claim, damage and expense whatsoever (including but not limited to any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, whether arising out of any action between any of the Placement Agent Indemnified Parties and the Company or between any of the Placement Agent Indemnified Parties and any third party, or otherwise) to which they or any of them may become subject under the Securities Act, the Exchange Act or any other statute or at common law or otherwise or under the laws of foreign countries (a "**Claim**"), (i) arising out of or based upon any untrue statement or alleged untrue statement of a material fact contained in (A) the Offering Statement, the Preliminary Offering Circular and the Offering Circular(as from time to time each may be amended and supplemented); (B) any materials or information provided to investors by, or with the approval of, the Company in connection with the marketing of the Offering, including any "road show" or investor presentations made to investors by the Company (whether in person or electronically); or (C) any application or other document or written communication (in this Section 6, collectively called "application") executed by the Company or based upon written information furnished by the Company in any jurisdiction in order to qualify the Shares and Placement Agent's Securities under the securities laws thereof or filed with the Commission, any state securities commission or agency, the Exchange or any other national securities exchange; or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, unless such statement or omission was made in reliance upon, and in conformity with, the Placement Agents' Information or (ii) otherwise arising in connection with or allegedly in connection with the Offering. The Company also agrees that it will reimburse each Placement Agent Indemnified Party for all fees and expenses (including but not limited to any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, whether arising out of any action between any of the Placement Agent Indemnified Parties and the Company or between any of the Placement Agent Indemnified Parties and any third party, or otherwise) (collectively, the "**Expenses**"), and further agrees wherever and whenever possible to advance payment of Expenses as they are incurred by an Placement Agent Indemnified Party in investigating, preparing, pursuing or defending any Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1. <u>Procedure</u>. If any action is brought against an Placement Agent Indemnified Party in respect of which indemnity may be sought against the Company pursuant to Section 6.1.1, such Placement Agent Indemnified Party shall promptly notify the Company in writing of the institution of such action and the Company shall assume the defense of such action, including the employment and fees of counsel (subject to the approval of such Placement Agent Indemnified Party) and payment of actual expenses if an Placement Agent Indemnified Party requests that the Company do so. Such Placement Agent Indemnified Party shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of the Company, and shall be advanced by the Company; provider however, that the Company shall not be obligated to bear the reasonable fees and expenses of more than one firm of attorneys selected by the Placement Agent Indemnified Party (in addition to any local counsel). The Company shall not be liable for any settlement of any action effected without its consent (which shall not be unreasonably withheld). In addition, the Company shall not, without the prior written consent of the Placement Agents, settle, compromise or consent to the entry of any judgment in or otherwise seek to terminate any pending or threatened action in respect of which advancement, reimbursement, indemnification or contribution may be sought hereunder (whether or not such Placement Agent Indemnified Party is a party thereto) unless such settlement, compromise, consent or termination (i) includes an unconditional release of each Placement Agent Indemnified Party, acceptable to such Placement Agent Indemnified Party, from all liabilities, expenses and claims arising out of such action for which indemnification or contribution may be sought and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of any Placement Agent Indemnified Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <u>Contribution</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;6.2.1. <u>Contribution Rights</u>. If the indemnification provided for in this Section 6 shall for any reason be unavailable to or insufficient to hold harmless an indemnified party under Section 6.1 or 6.2 in respect of any loss, claim, damage or liability, or any action in respect thereof, referred to therein, then each indemnifying party shall, in lieu of indemnifying such indemnified party, contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability, or action in respect thereof, (i) in such proportion as shall be appropriate to reflect the relative benefits received by the Company, on the one hand, and the Placement Agents, on the other, from the Offering of the Shares, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company, on the one hand, and the Placement Agents, on the other, with respect to the statements or omissions that resulted in such loss, claim, damage or liability, or action in respect thereof, as well as any other relevant equitable considerations. The relative benefits received by the Company, on the one hand, and the Placement Agent, on the other, with respect to such Offering shall be deemed to be in the same proportion as the total net proceeds from the Offering of the Shares purchased under this Agreement (before deducting expenses) received by the Company, as set forth in the table on the cover page of the Offering Circular, on the one hand, and the total Cash Fee received by the Placement Agents with respect to the shares of the Common Stock purchased under this Agreement, as set forth in the table on the cover page of the Offering Circular, on the other hand. The relative fault shall be determined by reference to whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company or the Placement Agents, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company and the Placement Agents agree that it would not be just and equitable if contributions pursuant to this Section 6.2.1 were to be determined by pro rata allocation (even if the Placement Agents were treated as one entity for such purpose) or by any other method of allocation that does not take into account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, damage or liability, or action in respect thereof, referred to above in this Section 6.2.1 shall be deemed to include, for purposes of this Section 6.2.1, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 6.2.1 in no event shall an Placement Agent be required to contribute any amount in excess of the amount by which the Cash Fee received by such Placement Agent with respect to the Offering of the Shares exceeds the amount of any damages that such Placement Agent has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.2. <u>Contribution Procedure</u>. Within fifteen (15) days after receipt by any party to this Agreement (or its Placement Agent) of notice of the commencement of any action, suit or proceeding, such party will, if a claim for contribution in respect thereof is to be made against another party ("contributing party"), notify the contributing party of the commencement thereof, but the failure to so notify the contributing party will not relieve it from any liability which it may have to any other party other than for contribution hereunder. In case any such action, suit or proceeding is brought against any party, and such party notifies a contributing party or its Placement Agent of the commencement thereof within the aforesaid 15 days, the contributing party will be entitled to participate therein with the notifying party and any other contributing party similarly notified. Any such contributing party shall not be liable to any party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution without the written consent of such contributing party. The contribution provisions contained in this Section 6.2.2 are intended to supersede, to the extent permitted by law, any right to contribution under the Securities Act, the Exchange Act or otherwise available.

7. <u>Tail Period Financing</u>. The Placement Agent shall be entitled to fees per Section 1.5 of this Agreement with respect to any public or private offering or other financing or capital-raising transaction of any kind ("**Tail Financing**") to the extent that such financing or capital is provided to the Company by investors whom the Placement Agent had introduced to the Company during the Engagement Period, as well as any investors that participated in an Offering, if such Tail Financing is consummated at any time during the Engagement Period or within the twelve (12) month period following the expiration or termination of the Engagement Letter (as defined below) or the completion of the Offering (the "**Tail Period**"), provided, however, that the Placement Agent shall not be entitled to fees per Section 1.5 of this Agreement for any Tail Financing with respect to any investors that participated in the Seed Financing, except for the Excluded Investors for which the Placement Agent shall be entitled to fees per Section 1.5 of this Agreement in connection with any Tail Financing. The Placement Agent shall be required to provide the Company with a list of any such investors within ten (10) business days of the beginning of the Tail Period.

8. <u>Effective Date of this Agreement and Termination Thereof</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Effective Date</u>. This Agreement shall become effective when both the Company and the Placement Agent have executed the same and delivered counterparts of such signatures to the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Termination</u>. The term of the Placement Agent's exclusive engagement will be as set forth in the Engagement Letter. Notwithstanding anything to the contrary contained herein, the provisions concerning confidentiality, indemnification and contribution contained herein and the Company's obligations contained in the indemnification provisions will survive any expiration or termination of this Agreement, and the Company's obligation to pay fees actually earned and payable and to reimburse expenses actually incurred and reimbursable pursuant to Section 1 hereof and which are permitted to be reimbursed under FINRA Rule 5110(g)(4)(A), will survive any expiration or termination of this Agreement. Nothing in this Agreement shall be construed to limit the ability of the Placement Agent or its Affiliates to pursue, investigate, analyze, invest in, or engage in investment banking, financial advisory or any other business relationship with Persons (as defined below) other than the Company. As used herein (i) "Persons" means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind and (ii) "Affiliate" means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person as such terms are used in and construed under Rule 405 under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Indemnification</u>. Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 6 shall remain in full force and effect and shall not be in any way affected by, such election or termination or failure to carry out the terms of this Agreement or any part hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Representations, Warranties, Agreements to Survive</u>. All representations, warranties and agreements contained in this Agreement or in certificates of officers of the Company submitted pursuant hereto, shall remain operative and in full force and effect regardless of: (i) any investigation made by or on behalf of the Placement Agent or its Affiliates or selling agents, any person controlling the Placement Agent, its officers or directors or any person controlling the Company; or (ii) delivery of and payment for the Shares.

9 <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Notices</u>. All communications hereunder, except as herein otherwise specifically provided, shall be in writing and shall be mailed (registered or certified mail, return receipt requested), personally delivered or sent by electronic mail transmission and confirmed and shall be deemed given when so delivered and confirmed or if mailed, two (2) days after such mailing.

If to the Placement Agent:

Dawson James Securities, Inc.

101 North Federal Highway, Suite 600

Boca Raton, Florida 33432

Attn: [●]

Email: [●]

with a copy (which shall not constitute notice) to:

Sheppard, Mullin, Richter & Hampton LLP

30 Rockefeller Plaza, 39<sup>th</sup> Floor

New York, New York 10112

Attn: Richard A. Friedman

e-mail: <u>rafriedman@sheppardmullin.com</u>

If to the Company:

FullPAC, Inc.

1206 Laskin Road Suite 201-o

Virginia Beach, Virginia 23451

Attention: General Counsel

Email: legal@gotv.com

with a copy (which shall not constitute notice) to:

Haynes and Boone, LLP

30 Rockefeller Plaza, 26<sup>th</sup> Floor

New York, NY 10112

Attention: Rick Werner

Email: rick.werner@haynesboone.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Research Analyst Independence</u>. The Company acknowledges that the Placement Agent's research analysts and research departments are required to be independent from its investment banking division and are subject to certain regulations and internal policies, and that the Placement Agent's research analysts may hold views and make statements or investment recommendations and/or publish research reports with respect to the Company and/or the Offering that differ from the views of their investment banking division. The Company acknowledges that the Placement Agent is a full service securities firm and as such from time to time, subject to applicable securities laws, rules and regulations, may effect transactions for its own account or the account of its customers and hold long or short positions in debt or equity securities of the Company; provided, however, that nothing in this Section 9.2 shall relieve the Placement Agent of any responsibility or liability it may otherwise bear in connection with activities in violation of applicable securities laws, rules or regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 <u>Headings</u>. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 <u>Amendment</u>. This Agreement may only be amended by a written instrument executed by each of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 <u>Entire Agreement</u>. This Agreement (together with the other agreements and documents being delivered pursuant to or in connection with this Agreement) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof and thereof, and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof. Notwithstanding anything herein to the contrary, the engagement letter, dated September 18, 2025 ("**Engagement Letter**"), between the Company and the Placement Agent shall continue to be effective and the terms therein shall continue to survive and be enforceable by the Placement Agent in accordance with its terms, provided that, in the event of a conflict between the terms of the Engagement Letter and this Agreement, the terms of this Agreement shall prevail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6 <u>Binding Effect</u>. This Agreement shall inure solely to the benefit of and shall be binding upon the Placement Agent, the Company and the controlling persons, directors and officers referred to in Section 6 hereof, and their respective successors, legal representatives, heirs and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Agreement or any provisions herein contained. The term "successors and assigns" shall not include a purchaser, in its capacity as such, of securities from any of the Placement Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7 <u>Governing Law; Consent to Jurisdiction; Trial by Jury</u>. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Agreement shall be brought and enforced in the New York Supreme Court, County of New York, or in the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 9.1 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company agrees that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys' fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor. The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates) and each of the Placement Agent hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8 <u>Execution in Counterparts</u>. This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and delivered to each of the other parties hereto. Delivery of a signed counterpart of this Agreement by facsimile or email/pdf transmission shall constitute valid and sufficient delivery thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9 <u>Waiver, etc</u>. The failure of any of the parties hereto to at any time enforce any of the provisions of this Agreement shall not be deemed or construed to be a waiver of any such provision, nor to in any way effect the validity of this Agreement or any provision hereof or the right of any of the parties hereto to thereafter enforce each and every provision of this Agreement. No waiver of any breach, non- compliance or non-fulfillment of any of the provisions of this Agreement shall be effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.

**[*Signature Page Follows*]**

If the foregoing correctly sets forth the understanding between the Placement Agent and the Company, please so indicate in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement between us.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| FULLPAC, INC. | FULLPAC, INC. |
| By: |  |
| Name: | Travis Trawick |
| Title: | Chief Executive Officer |

---

Confirmed as of the date first written above mentioned

DAWSON JAMES SECURITIES, INC.

By:   <br> Name: <br> Title:

[Signature Page to the Placement Agency Agreement]

**<u>EXHIBIT A</u>**

**Form of Placement Agent's Warrant Agreement**

[●]

**<u>EXHIBIT B</u>**

**Form of Lock-Up / Leak-Out Agreement**

**THIS LOCK-UP/LEAK OUT AGREEMENT** ("**Agreement**") is made and entered into this [__] day of November, 2025 (the "**Effective Date**"), by and between FullPAC, Inc., a Nevada corporation (the "**Company**") and the signatory hereto ("**Holder**").

**RECITALS**

**WHEREAS,** the Company has engaged Dawson James Securities, Inc. to act as exclusive placement agent (the "**Placement Agent**") in connection with the proposed public offering (the "**Offering**") of shares of the Company's Common Stock, par value $0.0001 per share (the "**Common Stock**");

**WHEREAS,** the Holder is the beneficial owner of securities of the Company ("**Current Securities**") and may hereafter be the beneficial owner of other shares of Common Stock, preferred stock or options, warrants or other rights to purchase or convert into shares of Common Stock or any other security of the Company (such Current Securities and subsequently owned securities referred to collectively as the "**Lock-Up Shares**");

**WHEREAS**, to induce the Placement Agent to continue its efforts in connection with the Offering, the Holder has agreed to enter into this Agreement and to restrict the sale, assignment, transfer, conveyance, hypothecation or alienation of the Lock-Up Shares, all on the terms set forth below.

**NOW THEREFORE**, for consideration received, the sufficiency and receipt of which is hereby acknowledged, the parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Holder hereby represents and warrants to the Company that the Holder is the beneficial owner of the securities indicated on the signature page hereto and that, except as set forth on the signature page hereto, the Holder is not in any way acting in concert with or a group with any other holder of securities of the Company for purposes of Rule 13d-5 of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Holder hereby agrees that it shall not during the period commencing on the qualification date of the offering circular on Form 1-A (as amended, the "**Offering Circular**") relating to the Offering and ending 180 days following the initial closing date of the Offering (the "**Lock-Up Period**"), (1) offer, pledge, assign, encumber, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, any Lock-Up Shares owned, either of record or beneficially (as defined in the Exchange Act), by the Holder on the date hereof or hereafter acquired or (2) enter into any swap or other agreement or arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the Lock-Up Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Notwithstanding the foregoing, until the **<u>2026 Midterm Elections taking place on November 3, 2026</u>**, the Holder may only offer, sell, contract to sell, hypothecate, pledge, dividend, distribute or otherwise dispose of, directly or indirectly the Lock-Up Shares subject to the following restrictions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If
 the price per share of Common Stock equals  **<u>$6.01</u>** , but is less than  **<u>$10.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose of shall not exceed  **<u>one percent (1%)</u>** of the total weekly trading volume of the Company's
 Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If
 the price per share of Common Stock equals  **<u>$10.01</u>** , but is less than  **<u>$15.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose of shall not exceed  **<u>two percent (2%)</u>** of the total weekly trading volume of the Company's
 Common Stock;<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. If
 the price per share of Common Stock equals  **<u>$15.01</u>** , but is less than  **<u>$20.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose shall not exceed  **<u>three percent (3%)</u>** of the total weekly trading volume of the Company's Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. If
 the price per share of Common Stock equals  **<u>$20.01</u>** , but is less than  **<u>$25.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose of shall not exceed  **<u>four percent (4%)</u>** of the total weekly trading volume of the Company's
 Common Stock; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. If
 the price per share of Common Stock equals or exceeds  **<u>$25.01</u>** , the Holder may
 transfer the Lock-Up Shares without any restriction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The foregoing lock-up restrictions shall not apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. (a)
 exercises of stock options or equity awards granted pursuant to an equity incentive or other
 plan or warrants to purchase shares of Common Stock or other securities (including by cashless
 exercise to the extent permitted by the instruments representing such stock options or warrants
 so long as such cashless exercise is effected solely by the surrender of outstanding stock
 options or warrants to the Company and the Company's cancellation of all or a portion
 thereof to pay the exercise price), provided that in any such case the securities issued
 upon exercise shall remain subject to the provisions of this Agreement; (b) transfers of
 shares of Common Stock or other securities to the Company in connection with the vesting
 or exercise of any equity awards granted pursuant to an equity incentive or other plan and
 held by the Holder to the extent, but only to the extent, as may be necessary to satisfy
 tax withholding obligations pursuant to the Company's equity incentive or other plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. transfers
 of shares of Common Stock or any security directly or indirectly convertible into or exercisable
 or exchangeable for Common Stock pursuant to an order of a court or regulatory agency;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. transfers
 of shares of Common Stock or any security directly or indirectly convertible into or exercisable
 or exchangeable for Common Stock as a bona fide gift or in connection with estate planning,
 including, but not limited to, dispositions to any trust for the direct or indirect benefit
 of the Holder or the immediate family of the Holder and dispositions from any grantor retained
 annuity trust established for the direct benefit of the Holder or a member of the immediate
 family of the Holder, or by will or intestacy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. transfers
 of shares of Common Stock or any security directly or indirectly convertible into or exercisable
 or exchangeable for Common Stock that occur by operation of law, including any transfer pursuant
 to a qualified domestic relations order or in connection with a divorce;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. any
 distributions or transfers without consideration of shares of Common Stock or any security
 directly or indirectly convertible into or exercisable or exchangeable for Common Stock to
 limited partners, members, stockholders or affiliates of the Holder, or to any partnership,
 corporation or limited liability company controlled by the Holder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. the
 establishment of a trading plan pursuant to Rule 10b 5-1 under the Exchange Act for the transfer
 of shares of Common Stock, provided that such plan does not provide for the transfer of Common
 Stock during the Lock-Up Period.

<u>provided</u>¸ <u>however</u>, that (a) in the case of any transfer or distribution pursuant to clause (iii) or (v), each donee, distributee or transferee shall sign and deliver a lock-up letter agreement substantially in the form of this Agreement and (b) in the case of any transaction pursuant to clause (iii), (v) or (vi), such transaction is not required to be reported during the Lock-Up Period by anyone in any public report or filing with the Securities and Exchange Commission or otherwise (other than a required filing on Form 5, Schedule 13D or Schedule 13G (or 13D/A or 13G/A)) and no such filing shall be made voluntarily during the Lock-Up Period. In addition, the Holder agrees that, without the Placement Agent's prior written consent, it will not, during the Lock-Up Period, make any demand for or exercise any right with respect to, the registration of any shares of Common Stock or any security directly or indirectly convertible into or exercisable or exchangeable for Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Holder agrees that, prior to engaging in any transaction or taking any other action that is restricted by the terms of this Agreement during the period from the date of this Agreement to the expiration of the Lock-Up Period, it will give notice thereof to the Company and will not consummate such transaction or take such action unless it has received written confirmation from the Company that the Lock-Up Period has expired.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Holder has not entered into any agreements with any other shareholders of the Company, nor will the Holder enter into any agreement with any other shareholder of the Company to dispose the Lock-Up Shares except as permitted pursuant to this Agreement. Any attempted sale, transfer or other disposition of the Lock-Up Shares in violation of this Agreement shall be null and void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The Company may (i) instruct its transfer agent not to transfer the Lock-Up Shares, (ii) provide a copy of this Agreement to the Company's transfer agent for the purpose of instructing the Company's transfer agent to place a legend on the certificate(s) evidencing the Lock-Up Shares and disclosing that any transfer, sale, contract for sale, devise, gift, assignment, pledge or hypothecation of such securities is subject to the terms of this Agreement, and (iii) issue stop-transfer instructions to its transfer agent for the term of the Lock-Up Period for such securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. If the Holder is an officer or director of the Company, (i) the Placement Agent agrees that, at least three (3) business days before the effective date of any release or waiver of the foregoing restrictions in connection with a transfer of Lock-Up Shares, the Placement Agent will notify the Company of the impending release or waiver, and (ii) the Company will announce the impending release or waiver by press release through a major news service at least two (2) business days before the effective date of the release or waiver. Any release or waiver granted by the Placement Agent hereunder to any such officer or director shall only be effective two (2) business days after the publication date of such press release. The provisions of this paragraph will not apply if (a) the release or waiver is effected solely to permit a transfer not for consideration and (b) the transferee has agreed in writing to be bound by the same terms described in this Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. This Agreement shall automatically terminate upon the earliest to occur, if any, of (1) either the Placement Agent, on the one hand, or the Company, on the other hand, advising the other in writing, that they have determined not to proceed with the Offering, (2) the withdrawal of the Offering Circular filed with the Securities and Exchange Commission with respect to the Offering, or (3) if the Offering does not close by December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The Holder hereby represents and warrants that the Holder has full power and authority to enter into this Agreement. The Holder hereby waives any applicable notice requirement concerning the Company's intention to file the Offering Circular and sell shares of Common Stock thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. The Holder understands that the Company and the Placement Agent are relying upon this Agreement in proceeding toward consummation of the Offering. The Holder further understands that this Agreement is irrevocable and shall be binding upon the Holder, its agents, heirs, successors, assigns and beneficiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. This Agreement and the rights and obligations hereunder may not be assigned by any party hereto without the prior written consent of the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The Holder acknowledges that whether or not the Offering actually occurs depends on a number of factors, including, but not limited to, market conditions, and that there is no assurance that the Offering will be consummated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Any waiver of the terms and conditions of this Agreement in any instance must be in writing and must be duly executed by the Placement Agent, the Company and the Holder, and shall not be deemed or construed to be a waiver of such term or condition for the future, or of any subsequent breach thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Any breach of this Agreement will cause the Placement Agent and Company irreparable damage for which there is no adequate remedy at law. If there is a breach or threatened breach of this Agreement by the Holder, the Holder hereby agrees that the Placement Agent and the Company shall be entitled to the issuance of an immediate injunction without notice to restrain the breach or threatened breach. The Holder also agrees that the Placement Agent and the Company shall be entitled to pursue any other remedies for such a breach or threatened breach, including a claim for money damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed in that state, without regard to any of its principles of conflicts of laws or other laws which would result in the application of the laws of another jurisdiction. This Agreement shall be construed and interpreted without regard to any presumption against the party causing this Agreement to be drafted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. The parties agree that if any provision of this Agreement be held to be invalid, illegal or unenforceable in any jurisdiction, that holding shall be effective only to the extent of such invalidity, illegally or unenforceability without invalidating or rendering illegal or unenforceable the remaining provisions hereof, and any such invalidity, illegally or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. It is the intent of the parties that this Agreement be fully enforced to the fullest extent permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. This Agreement may be executed in counterparts, each of which when executed shall be deemed to be an original, and all of which, when taken together, shall constitute one and the same document.

**IN WITNESS WHEREOF**, and intending to be legally bound, the undersigned parties have duly executed and delivered this Agreement as of the day and year first above written.

---

| | |
|:---|:---|
| **HOLDER:** | **FULLPAC, INC.** |
| By: | By: |
| Name: | Name: |
| Title: | Title: |

---

Class of Securities Beneficially Owned:

Number of Shares of Such Class Beneficially Owned:

## Add

**Exhibit 4.1**

**<u>PUBLIC OFFERING SUBSCRIPTION AGREEMENT</u>**

**Shares of Common Stock**

**of**

**FullPAC, Inc.**

This Subscription Agreement (this "<u>Agreement"</u>) relates to the agreement of the undersigned (the "<u>Investor"</u>) to purchase ________________newly issued shares of Common Stock, $0.0001 par value per share, (collectively, the "<u>Shares</u>" and each a "<u>Share</u>"), of FullPAC, Inc., a Nevada corporation (the "<u>Company"</u>), for a purchase price of $5.00 per Share, for a total purchase price of $___ ("<u>Subscription Price"</u>), subject to the terms, conditions, acknowledgments, representations and warranties stated herein and in the final offering circular for the sale of the Shares, dated __________, 2025, contained in the offering statement on Form 1-A qualified by the Securities and Exchange Commission (the "<u>SEC"</u>) on __________, 2025 (the "<u>Offering Circular"</u>). Any capitalized terms used but not defined herein shall have the meanings given to them in the Offering Circular.

The Investor understands that, if it wishes to purchase the Shares, the Investor must complete this Agreement and submit the Subscription Price as set forth herein. There is a minimum initial investment amount per investor of $1,000.00 for the Shares. Subscription funds will be held in an escrow account by and at an FDIC insured bank in compliance with SEC Rule 15c2-4, with funds released to the Company at the closing of the public offering, as described in the Offering Circular. The escrow account will be maintained by Wilmington Trust, National Association ("<u>Wilmington Trust"</u>) as the escrow agent pursuant to that certain Escrow Agreement dated August 7, 2025 by and between the Company and Wilmington Trust. In the event that the Company's public offering fails to close, then the Shares will not be sold to the Investor pursuant to this Agreement, all funds paid by the Investor into the escrow account will be promptly returned to the Investor by the escrow agent without interest or offset in accordance with the Rules 10b-9 and 15c2-4 under the Securities Exchange Act of 1934, as amended, and, upon the return of the funds by the escrow agent, this Agreement shall terminate automatically (provided that <u>Sections 13-21</u> shall survive such termination).

In order to induce the Company to accept this Agreement for the Shares and as further consideration for such acceptance, the Investor hereby makes, adopts, confirms and agrees to all of the following covenants, acknowledgments, representations and warranties with the full knowledge that the Company and its affiliates will expressly rely thereon in making a decision to accept or reject this Agreement:

1. **Type of Ownership.** 

☐ Individual ☐ Joint ☐ Institution

2. **Investor Information.** (Note that the Investor must include a permanent street address even if his, her or its mailing address is a P.O.
 Box.)

---

| | | |
|:---|:---|:---|
| **Investor Information** | **Beneficial Owner** | **Beneficial Owner 2:** (If applicable.) |
| Signer Name:<br> Company: |  |  |
| Social Security Number:<br> TAX ID: |  |  |
| Street Address: |  |  |
| City: |  |  |
| State: |  |  |
| Postal Code: |  |  |
| Country: |  |  |
| Phone Number: |  |  |
| Email Address: |  |  |

---

3. **Investor Eligibility Certifications**.

The Investor understands that, to purchase Shares, the Investor must either (a) be an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933 (the "<u>Act</u>") or (b) unless the securities issued in the offering initially trade on a national securities exchange, limit its investment in the Shares to a maximum of: (i) 10% of its net worth or annual income, whichever is greater, if the Investor is a natural person; or (ii) 10% of its revenues or net assets, whichever is greater, for its most recently completed fiscal year, if the Investor is a non-natural person. The Investor understands that if the Investor is a natural person, the Investor should determine his or her net worth for purposes of these representations by calculating the difference between his or her total assets and total liabilities. The Investor understands this calculation must exclude the value of his or her primary residence and may exclude any indebtedness secured by his or her primary residence (up to an amount equal to the value of his or her primary residence). In the case of fiduciary accounts, net worth and/or income suitability requirements may be satisfied by the beneficiary of the account or by the fiduciary, if the fiduciary directly or indirectly provides funds for the purchase of the Shares.

The Investor hereby represents and warrants that the Investor meets the qualifications to purchase Shares because:

☐ If the Investor is a natural person, the aggregate purchase price for the Shares the Investor is purchasing in the offering does not exceed 10% of the Investor's net worth or annual income, whichever is greater.

☐ If the Investor is a non-natural person, the aggregate purchase price for the Shares the Investor is purchasing in the offering does not exceed 10% of its revenues or net assets, whichever is greater, for its most recently completed fiscal year.

☐ The Investor is an accredited investor.

Are you an affiliate of a broker-dealer? ☐ Yes ☐ No If yes, you are not eligible to participate under Financial Industry Regulatory Authority ("<u>FINRA"</u>) Rule 5130.

The Investor recognizes that the Shares are interests in a direct participation program as defined in FINRA Rule 2310. The Investor (i) represents and warrants that the Investor has received, read, and fully understand the Offering Circular, including the section titled "Plan of Distribution" and (ii) confirms that the Investor has reviewed the following disclosed facts related to the offering:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) items of compensation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) physical properties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) tax aspects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) financial stability and experience of the sponsor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the program's conflict and risk factors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) appraisals and other pertinent reports.

The Investor is basing the Investor's decision to purchase the Shares solely on the information contained in the Offering Circular and has relied only on the information contained in the Offering Circular and has not relied on any representations made by any other person.

The Investor further represent that the Investor has such knowledge of, and experience in, financial and business matters as to be capable of (1) evaluating the merits and risks of, and bearing the economic risks entailed by, an investment in the Shares and (2) protecting the Investor's interests in connection with that investment. The Investor acknowledge that an investment in the Shares involves a high degree of risk and have read the "Risk Factors" section of the Offering Circular.

4. **Acceptance or Rejection of Subscription**. The Investor understands that the Company reserves the
 right to, in its sole discretion, accept or reject this subscription, in whole or in part,
 for any reason whatsoever, and to the extent not accepted, unused funds held at the escrow
 agent shall be promptly returned to the Investor in full, without any interest accrued thereon
 or deduction, and, upon the rejection of the subscription, this Agreement shall be terminated
 (provided that <u>Sections 13-21</u> shall survive such termination). The Company will inform
 the Investor as to whether the Company has accepted or rejected the Investor's subscription
 within 5 business days following receipt of the Investor's complete subscription materials
 and required funds to the designated escrow account. Investor hereby acknowledges that there
 may be a significant amount of time between such Investor's subscription and the closing
 of the offering.

5. **Offering Circular**. The Investor hereby confirms that the Investor has received the Offering Circular.

6. **Articles of Incorporation**. The Investor hereby confirms that the Investor accepts the terms of
 the Company's Articles of Incorporation (the " <u>Charter"</u>), substantially
 in the form as attached to the Offering Circular. The Investor agrees that the Investor's
 rights and responsibilities relative to the Investor's ownership of the Shares will
 be governed by the Charter, as it may be amended, restated or otherwise modified from time
 to time, in accordance with its terms, and to the extent that any provision of this Agreement
 conflicts with the terms of the Charter, the terms of the Charter shall govern and be controlling.

7. **Purchase for Investor's Own Account**. The Investor hereby confirms that the Investor is purchasing the Shares for the Investor's
 own account.

8. **Compliance with Laws**. The Investor hereby represents and warrants that the Investor is not on, and
 is not acting as an agent, representative, intermediary or nominee for any person identified
 on, the list of blocked persons maintained by the Office of Foreign Assets Control, U.S.
 Department of Treasury. In addition, the Investor has complied with all applicable U.S. laws,
 regulations, directives, and executive orders relating to anti-money laundering, including
 but not limited to the following laws: (1) the Uniting and Strengthening America by Providing
 Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56;
 and (2) Executive Order 13224 (Blocking Property and Prohibiting Transactions with Persons
 Who Commit, Threaten to Commit, or Support Terrorism) of September 23, 2001.

By making the foregoing representations, the Investor has not waived any right of action the Investor may have under federal or state securities law. Any such waiver would be unenforceable. The Company will assert the Investor's representations as a defense in any subsequent litigation where such assertion would be relevant.

9. **Electronic Signatures**. Digital or electronic signatures, often referred to as an "e-signature",
 enable paperless contracts and help speed up business transactions. The Electronic Signatures
 in Global and National Commerce Act was meant to ease the adoption of electronic signatures.
 The mechanics of this Agreement's electronic signature include the Investor signing
 this Agreement below by typing in the Investor's name, with the underlying software
 recording the Investor's IP address, browser identification, the timestamp, and a securities
 hash within an SSL encrypted environment. This electronically signed Agreement will be available
 to both the Investor and the Company, as well as any associated brokers, so they can store
 and access it at any time, and it will be stored by and accessible from Dawson James servers.
 The Investor and the Company each hereby consent and agree that electronically signing this
 Agreement constitutes the Investor's signature, acceptance and agreement as if actually
 signed by the Investor in writing. Further, all parties agree that no certification, authority
 or other third-party verification is necessary to validate any electronic signature; and
 that the lack of such certification or third-party verification will not in any way affect
 the enforceability of the Investor's signature or resulting contract between the Investor
 and the Company. The Investor understands and agrees that his, her or its e-signature executed
 in conjunction with the electronic submission of this Agreement shall be legally binding
 and such transaction shall be considered authorized by the Investor. The Investor agrees
 that his, her or its electronic signature is the legal equivalent of his, her or its manual
 signature on this Agreement and the Investor consents to be legally bound by this Agreement's
 terms and conditions.

10. **Communications**.
 The Investor and the Company each hereby agree that all current and future notices, confirmations
 and other communications regarding this Agreement specifically, and future communications
 in general between the parties, may be made by email, sent to the email address of record
 as set forth in this Agreement or as otherwise from time to time changed or updated and disclosed
 to the other party, without necessity of confirmation of receipt, delivery, or reading, and
 such form of electronic communication is sufficient for all matters regarding the relationship
 between the parties. If any such electronically sent communication fails to be received for
 any reason, including, but not limited to, such communications being diverted to the recipient's
 spam filters by the recipient's email service provider, or due to a recipient's
 change of address, or due to technology issues by the recipient's service provider,
 the parties agree that the burden of such failure to receive is on the recipient and not
 the sender, and that the sender is under no obligation to resend communications via any other
 means, including, but not limited to, postal service or overnight courier, and that such
 communications shall for all purposes, including legal and regulatory, be deemed to have
 been delivered and received. No physical, paper documents will be sent to the Investor, and
 if the Investor desires physical documents then the Investor agrees to be satisfied by directly
 and personally printing, at the Investor's own expense, the electronically sent communication(s)
 and maintaining such physical records in any manner or form that the Investor desires.

11. **Delivery Instructions**. All Shares will be retained at the Company's transfer agent in digital
 book entry. Upon closing, the Investor will receive a notice of his, her or its holdings
 delivered to the address of record above. Equity Stock Transfer, LLC will be the transfer
 agent and registrar for the offering as described in the Offering Circular. Such shares may
 be transferred to the Investor's outside brokerage account by requesting their outside
 broker dealer to affect such transfer. Request for transfer may only be made by the outside
 broker dealer of the Investor.

12. **Jury Trial Waiver**. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
 PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
 OR COUNTERCLAIM (WHETHER BASED IN CONTRACT, TORT BUT NOT INCLUDING CLAIMS UNDER THE FEDERAL
 SECURITIES LAWS) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF EITHER PARTY
 IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT THEREOF. EACH OF THE PARTIES
 HERETO ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS
 WAIVER, BE REQUIRED OF SUCH PARTY. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE
 MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS,
 RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. IN THE EVENT OF LITIGATION, THIS
 AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. BY AGREEING TO THIS
 WAIVER, THE INVESTOR IS NOT DEEMED TO WAIVE THE COMPANY'S COMPLIANCE WITH THE FEDERAL
 SECURITIES LAWS AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER.

13. **Governing Law; Exclusive Jurisdiction**. This Agreement shall be governed by and construed in accordance
 with the internal laws of the State of New York. Any legal suit, action or proceeding arising
 out of or based upon this Agreement or the transactions contemplated hereby may be instituted
 in the federal or state courts located in the State of New York, and each party irrevocably
 submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding.
 The parties irrevocably and unconditionally waive any objection to the laying of venue of
 any suit, action or any proceeding in such courts and irrevocably waive and agree not to
 plead or claim in any such court that any such suit, action or proceeding brought in any
 such court has been brought in an inconvenient forum.

14. **Severability**.
 In case any one or more of the provisions contained in this Agreement is for any reason held
 to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability
 shall not affect any other provision of this Agreement, and such invalid, illegal, or unenforceable
 provision shall be reformed and construed so that it will be valid, legal, and enforceable
 to the maximum extent permitted by law.

15. **Successors and Assigns**. The terms and conditions of this Agreement shall inure to the benefit of
 and be binding upon the respective successors and permitted assigns of the parties. Nothing
 in this Agreement, express or implied, is intended to confer upon any party other than the
 parties hereto or their respective successors and permitted assigns any rights, remedies,
 obligations or liabilities under or by reason of this Agreement, except as expressly provided
 in this Agreement. The Investor may not assign any of its rights or obligations under this
 Agreement without the prior written consent of the Company, and any such purported assignment
 without such consent shall be null and void ab initio.

16. **Amendments**.
 This Agreement may be amended or otherwise modified only by a written instrument executed by the Investor and the Company.

17. **Delays or Omissions**. No delay or omission to exercise any right, power or remedy accruing to
 any party under this Agreement, upon any breach or default of any other party under this
 Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting
 party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence
 therein, of or in any similar breach or default thereafter occurring; nor shall any waiver
 of any single breach or default be deemed a waiver of any other breach or default theretofore
 or thereafter occurring. Any waiver, permit, consent or approval of any kind or character
 on the part of any party of any breach or default under this Agreement, or any waiver on
 the part of any party of any provisions or conditions of this Agreement, must be in writing
 and shall be effective only to the extent specifically set forth in such writing. All remedies,
 either under this Agreement or by law or otherwise afforded to any party, shall be cumulative
 and not alternative.

18. **Specific Performance**. In addition to any and all other remedies that may be available at law in
 the event of any breach of this Agreement, the Company shall be entitled to specific performance
 of the agreements and obligations of the Investor hereunder and to such other injunction
 or other equitable relief as may be granted by a court of competent jurisdiction, without
 posting a bond or undertaking and without proof of damages and this being in addition to
 any other remedy to which the Company may be entitled at law or in equity.

19. **No Strict Construction**. In the event an ambiguity or question of intent or interpretation
 arises, this Agreement will be construed as if drafted jointly by the parties hereto, and
 no presumption or burden of proof will arise favoring or disfavoring any party by virtue
 of the authorship of any of the provisions of this Agreement.

20. **Fees and Expenses**. Each party will pay its own fees and expenses in connection with this Agreement and transactions contemplated hereby.

Dawson James Securities, Inc. ("Dawson") is acting as Placement Agent for the FullPAC, Inc. (GOTV) Offering. Dawson is a registered Broker/Dealer with the SEC and a member of the FINRA/SIPC. Please review the <u>excerpted pages from the Dawson client agreement</u> and follow the link to the Dawson website (<u>www.dawsonjames.com</u>) to view information about Dawson, the services we provide, fees and other important disclosure information.

Please refer to the section of the Offering Circular titled "Plan of Distribution" for further disclosure related to commissions payable to Dawson James in connection with the sale of the Shares in the offering.

The Investor acknowledges that this Agreement and the offering of the Shares are subject to Rules 10b-9 and 15c2-4 of the Exchange Act, as described in the Offering Circular.

The Investor acknowledges that the Investor has been provided the client relationship summary links provided above for Dawson James and the disclosure in the Offering Circular related to Dawson James.

<u>The Investor's Consent is Hereby Given:</u> By signing this Agreement electronically, the Investor is explicitly agreeing to receive documents electronically including a copy of this signed Agreement as well as ongoing disclosures, communications and notices.

SIGNATURES:

IF THE INVESTOR SET FORTH BELOW IS AN ENTITY, THE UNDERSIGNED HAS THE AUTHORITY TO ENTER INTO THIS AGREEMENT ON BEHALF OF THE ENTITY.

---

| | |
|:---|:---|
| **Investor:** | **Issuer:** |
| | **FullPAC, Inc.** |

---

**Name:**

---

| | |
|:---|:---|
| **Title (if applicable):** | **Name:** |
|  | **Title:** |
| **Email:** | **Email:** |
| **Date:** | **Date:** |

---

Additional beneficial owner (if applicable):

**Investor:**

---

| |
|:---|
| **Name:** |
| **Title (if applicable):** |
| **Email:** |
| **Date:** |

---

## Add

**Exhibit 6.2**

**EMPLOYMENT AGREEMENT** 

**THIS EMPLOYMENT AGREEMENT** (this "***Agreement***") is entered into by and between Isaac Dietrich (the "***Executive***") and FullPAC, Inc., a Nevada corporation (the "***Company***") and shall become effective on December 8, 2025 (the "***Effective Date***"). The Company and the Executive shall be referred to herein as the "***Parties***."

**RECITALS**

**WHEREAS**, the Company desires to employ the Executive as its Chief Financial Officer, and the Executive desires to be employed by the Company as its Chief Financial Officer beginning on the Effective Date;

**WHEREAS**, the Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understandings with respect to the employment of the Executive as its Chief Financial Officer; and

**WHEREAS**, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to accept employment with the Company, for the period and upon the terms and conditions contained in this Agreement.

**NOW, THEREFORE**, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

**ARTICLE I.**

**<u>SERVICES TO BE PROVIDED BY EXECUTIVE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Position and Responsibilities</u>**. The Executive shall be employed and serve as the Chief Financial Officer of the Company. The Executive shall report directly to the Chief Executive Officer of the Company (the "***CEO***"). The Executive shall have such duties and responsibilities commensurate with the Executive's title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Performance</u>**. During the Executive's employment with the Company, the Executive shall use the Executive's best efforts in the performance of the Executive's duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company, and shall exercise reasonable best efforts to perform the Executive's duties in a diligent, trustworthy, good faith and business-like manner, all for the purpose of advancing the business of the Company. The Executive shall at all times act in a manner consistent with the Executive's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Restrictive Covenants</u>**. The Executive's employment is conditioned on the execution of and compliance with the Confidentiality and Restrictive Covenant Agreement attached hereto as <u>Exhibit A</u>, which the Executive must sign on or before the Executive's first day of employment.

**ARTICLE II.**

**<u>COMPENSATION FOR SERVICES</u>**

As compensation for all services the Executive will perform under this Agreement, the Company will pay the Executive, and the Executive shall accept as full compensation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Base Salary</u>**. During employment, the Company shall pay the Executive an annual salary of $170,000 (the "***Base Salary***"), less applicable payroll deductions and tax withholdings for all services rendered by the Executive under this Agreement. Notwithstanding the foregoing, during employment, upon a public listing of the common stock of the Company on a public stock exchange such as NYSE, NASDAQ, or OTCQX or on a quotation service such as OTCQB (a "***Public Listing***"), the Base Salary shall automatically increase to an annual salary of $295,000, less applicable payroll deductions and tax withholdings. The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Discretionary Performance Bonus</u>**. For each calendar year or portion thereof during employment, the Executive shall be eligible for a discretionary performance bonus (the "***Bonus***"), less applicable payroll deductions and tax withholdings, which shall be based upon the achievement of certain performance goals as established by the Company, in its sole discretion, for each such year. Any Bonus shall be paid in the calendar year immediately following the calendar year in which any such bonus was earned at the time such bonuses are ordinarily paid by the Company but no later than March 15th. The Executive must be employed by the Company on the payment date to receive any Bonus. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Expenses</u>**. The Company agrees that, during the Executive's employment, it will reimburse the Executive for out-of-pocket expenses reasonably incurred in connection with the Executive's performance of the Executive's services hereunder, including, but not limited to, required travel for business purposes upon the presentation by the Executive of an itemized accounting of such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies. Reimbursement shall be in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Health Benefits</u>**. The Executive will be entitled to participate in the Company's health plan during the Term that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the health plan documents, as such plan may be modified, amended, terminated, or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Other Benefits</u>**. The Executive is entitled during employment to participate in any 401(k) plan and any other benefit or welfare program or policy that is made generally available, from time to time, to other employees of the Company, including eligibility for awards granted at the discretion of the Board of Directors or its designated committee under the Company's 2025 Long-Term Incentive Plan. Such participation is subject to the terms of the plan documents, as such plans may be modified, amended, terminated, or replaced from time to time. The Executive will be entitled to paid time off in accordance with the Company's policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Compensation Recovery (Clawback)</u>**. Notwithstanding any other provision in this Agreement to the contrary, any incentive-based compensation paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company shall be subject to recovery by the Company under its Compensation Recovery Policy (the "Clawback Policy"), as it may be amended from time to time. The Executive acknowledges receipt of the Clawback Policy and agrees to be bound by its terms, including the obligation to repay any Erroneously Awarded Compensation as defined and required by the policy.

**ARTICLE III.**

**<u>TERM; TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Term of Employment</u>**. The terms and conditions of employment set forth in this Agreement shall commence on the Effective Date and shall continue until such employment is terminated in accordance with this Article III.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Termination</u>**. Subject to any obligations set forth below, either party may terminate the Executive's employment at any time upon written notice provided that the Executive will be required to provide the Company at least one (1) month advance written notice of the Executive's voluntary resignation without Good Reason (as defined below). Upon termination of the Executive's employment, the Company shall pay the Executive (i) any unpaid Base Salary accrued through the date of termination; and (ii) any unreimbursed expenses properly incurred prior to the date of termination (collectively, the "***Accrued Obligations***").

&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) **<u>Termination for Cause, Voluntary Resignation, or as a Result of Death or Disability</u>**. In the event the Executive voluntarily resigns without Good Reason (as defined below), the Company may, in its sole discretion, shorten the notice period and determine the date of termination without any obligation to pay the Executive any additional compensation other than the Accrued Obligations and without triggering a termination of the Executive's employment without Cause (as defined below). In the event the Company terminates the Executive's employment for Cause or the Executive voluntarily resigns without Good Reason, or as a result of the Executive's Total and Permanent Disability (as defined below) or death, the Company shall have no further liability or obligation to the Executive under this Agreement. The Accrued Obligations shall be payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Cause***" shall be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) conviction of a felony crime; (c) intentional and willful misconduct that subjects the Company to criminal liability; (d) breach of the Executive's duty of loyalty to the Company or diversion or usurpation of corporate opportunities properly belonging to the Company; (e) material breach of this Agreement and/or any other agreement entered into between the Company and the Executive or any related Company policy; and/or (f) willful and continued failure to satisfactorily perform the duties of Executive's position.

For purposes of this Agreement, "***Total and Permanent Disability***" means the Executive is qualified for long-term disability benefits under the Company's or a subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Executive is not eligible to participate in such plan or policy, that the Executive, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Executive's duties of employment for a period of six (6) continuous months, as determined in good faith by the Company, based upon medical reports or other evidence reasonably satisfactory to the Company.

&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) **<u>Termination Without Cause or for Good Reason</u>**. In the event the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment; and (b) a lump sum severance payment in an amount equal to twelve (12) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year). For purposes of this Agreement, "***Good Reason***" means (a) a material reduction in or failure to pay the Executive's Base Salary; (b) a material reduction in the Executive's responsibilities, title or duties without the consent of the Executive; (c) a change in the location of the Executive's principal place of employment without the consent of the Executive outside of a twenty-five (25) mile radius of the principal place of employment where the Executive is based as of the Effective Date; or (d) the Company's material breach of this Agreement. For purposes of subsections (a)-(d) of this paragraph, the Executive shall give the Company written notice thereof which shall specify in reasonable detail the circumstances constituting Good Reason. There shall be no Good Reason with respect to any such circumstances if cured by the Company within thirty (30) days after such notice, at which time the Executive may withdraw his notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Termination Following a Change of Control</u>**. In the event that the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, in either case, within twelve (12) months following a Change of Control (as defined below), then, in lieu of the severance payments described in <u>Article III, Section B(ii)</u> above, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) severance pay in an amount equal to eighteen (18) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable in a lump sum on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year); (b) all outstanding and unvested equity awards held by the Executive shall immediately become fully vested and, to the extent applicable, exercisable as of the date of termination subject to the terms and conditions of the applicable equity award agreements; and (c) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Change of Control***" means the occurrence of any of the following events: (a) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then-outstanding voting securities; (b) the consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (c) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (d) a change in the composition of the Board, as a result of which a majority of the members of the Board are not "Incumbent Directors" (meaning, any individual who is a director of the Company as of the Effective Date and any successor director whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the Incumbent Directors then on the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Garden Leave</u>**. Following the Executive's delivery of a notice of voluntary resignation, the Company may, in its sole discretion, require the Executive to remain away from the Company's premises and cease performing all duties and responsibilities for all or part of the notice period (the "Garden Leave Period"). During the Garden Leave Period, the Executive: (i) shall remain an employee of the Company and will continue to receive Base Salary and benefits; (ii) shall not contact or communicate with any employees, clients, or customers of the Company unless expressly directed to do so by the Company; (iii) shall not commence employment with any other entity; and (iv) must adhere to all duties and obligations to the Company, including the duty of loyalty. The Company's election to place the Executive on Garden Leave shall not be construed as a termination without Cause by the Company.

**ARTICLE IV.**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Governing Law</u>**. This Agreement shall be governed by and construed in accordance with the laws of the state in which the Executive primarily resides and performs services for the Company, without regard to its conflict of laws principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B. **<u>Mandatory Arbitration of Disputes</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. To
 ensure the rapid and confidential resolution of disputes, the Company and the Employee mutually
 agree that any and all claims, disputes, or controversies arising out of or relating to this
 Agreement, the Employee's employment with the Company, or the termination of that employment
 (collectively, "Claims"), shall be resolved exclusively by final and binding
 arbitration. This agreement to arbitrate applies to all Claims, whether based on statute,
 contract, tort, or common law. By agreeing to arbitration, **both Parties knowingly and voluntarily waive their right to a trial by jury.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. This
 agreement to arbitrate covers all Claims that the Company may have against the Employee or
 that the Employee may have against the Company and its affiliates, officers, directors, and
 other employees. Such Claims include, but are not limited to, claims for unpaid wages, wrongful
 termination, discrimination, harassment, breach of contract, and violation of any federal,
 state, or local law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. This
 agreement does not apply to claims for workers' compensation benefits, unemployment
 insurance benefits, or any claim that cannot be subjected to mandatory arbitration as a matter
 of law. Further, this agreement does not prevent the Employee from filing an administrative
 charge with a government agency, such as the Equal Employment Opportunity Commission (EEOC)
 or the National Labor Relations Board (NLRB), although any subsequent private lawsuit arising
 from such a charge will be subject to this arbitration agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The
 arbitration shall be conducted by a single, neutral arbitrator in accordance with the then-current
 Employment Arbitration Rules and Procedures of JAMS (or another mutually agreed-upon arbitration
 service). The arbitration shall take place in the county where the Employee primarily performs
 or performed services for the Company. The Company will bear the costs of the arbitrator's
 fees and any other costs unique to arbitration. The arbitrator shall have the authority to
 grant any remedy or relief that a court of competent jurisdiction could grant. The arbitrator's
 decision shall be in writing and will be final and binding on both Parties. Judgment on the
 award rendered by the arbitrator may be entered in any court having competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. The
 Parties agree that any arbitration will be conducted on an individual basis only. The Parties
 expressly waive their right to bring or participate in any form of class, collective, or
 representative action. The arbitrator may not consolidate more than one person's claims
 and may not otherwise preside over any form of a representative or class proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Headings</u>**. The paragraph headings contained in this Agreement are for convenience only and shall in no way or manner be construed as a part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Severability</u>**. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Reformation</u>.** In the event any court of competent jurisdiction holds any restriction in this Agreement to be unreasonable and/or unenforceable as written, the court may reform this Agreement to make it enforceable, and this Agreement shall remain in full force and effect as reformed by the court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement, including, without limitation, the Executive's employment with the Company. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all parties to this Agreement. The Executive acknowledges and represents that in executing this Agreement, the Executive did not rely, and has not relied, on any communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly contained in this Agreement. The Parties represent that they relied on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Waiver</u>**. No waiver of any breach of this Agreement shall be construed to be a waiver as to succeeding breaches. The failure of either party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant or condition but the obligations of either party with respect thereto shall continue in full force and effect. The breach by one party to this Agreement shall not preclude equitable relief or the obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **<u>Modification</u>**. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Company and the Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **<u>Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and permitted assigns. The Executive may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **<u>Code Section 409A</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;(i) To the extent (A) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive's termination of employment with the Company constitute deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "***Code***"); (B) the Executive is deemed at the time of the Executive's separation from service to be a "specified employee" under Section 409A of the Code; and (C) at the time of the Executive's separation from service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments permitted by Section 409A of the Code to be paid within six (6) months of the Executive's separation from service) shall not be made until the earlier of (1) the first day of the seventh month following the Executive's separation from service or (2) the date of the Executive's death following such separation from service. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this <u>Article IV, Section I</u> shall be paid to the Executive or the Executive's beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate (as defined below) computed from the date on which each such delayed payment otherwise would have been made to the Executive until the date of payment. For purposes of the foregoing, the "***Delayed Payment Interest Rate***" shall mean the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive's separation from service.

&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) To the extent any benefits provided under <u>Article III, Section B(ii)-(iii)</u> above are otherwise taxable to the Executive, such benefits shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the case of any amounts payable to the Executive under this Agreement, or under any plan of the Company, that may be treated as payable in the form of "a series of installment payments," as defined in Treas. Reg. §1.409A-2(b)(2)(iii), the Executive's right to receive such payments shall be treated as a right to receive a series of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall be interpreted, operated, and administered in a manner consistent with such intent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **<u>Counterparts</u>**. This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The Parties intend to treat as an original any document signed in connection with the transactions contemplated by this Agreement, including any counterpart to this Agreement or any related document that is delivered by electronic transmission, including by facsimile, .PDF, photo static copy, or otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed on the dates set forth below, to be effective as of the Effective Date.

---

| |
|:---|
| **EXECUTIVE:** <br>|
| /*s/ Isaac Dietrich* |
| Isaac Dietrich<br>|

---

Date: November 20, 2025

---

| | |
|:---|:---|
| **COMPANY:**  | **COMPANY:**  |
| FullPAC, Inc. | FullPAC, Inc. |
| By: | */s/ Travis Trawick* |
| Name: | Travis Trawick<br>|
| Title: | Chief Executive Officer |
| Date: | November 20, 2025<br>|

---

**<u>Exhibit A</u>**

Confidentiality and Restrictive Covenant Agreement

## Add

**Exhibit 6.4**

**EMPLOYMENT AGREEMENT** 

**THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT** (this "***Agreement***") is dated as of November 20, 2025 (the "***Effective Date***") by and between Daniel Flowers (the "***Executive***") and FullPAC, Inc., a Nevada corporation (the "***Company***"). The Company and the Executive shall be referred to herein as the "***Parties***."

**RECITALS**

**WHEREAS**, the Executive is currently employed by the Company as its Chief Technology Officer;

**WHEREAS**, the Company desires to employ the Executive as its Chief Technology Officer and Chief Operations Officer, and the Executive desires to be employed by the Company as its Chief Technology Officer and Chief Operations Officer;

**WHEREAS**, the Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understandings with respect to the employment of the Executive as its Chief Technology Officer and Chief Operations Officer; and

**WHEREAS**, the Company hereby employs the Executive, and the Executive hereby accepts employment with the Company for the period and upon the terms and conditions contained in this Agreement.

**NOW, THEREFORE**, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

**ARTICLE I.**

**<u>SERVICES TO BE PROVIDED BY EXECUTIVE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Position and Responsibilities</u>**. The Executive shall be employed and serve as the Chief Technology Officer and Chief Operations Officer of the Company. The Executive shall report directly to the Chief Executive Officer of the Company (the "***CEO***"). The Executive shall have such duties and responsibilities commensurate with the Executive's title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Performance</u>**. During the Executive's employment with the Company, the Executive shall use the Executive's best efforts in the performance of the Executive's duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company, and shall exercise reasonable best efforts to perform the Executive's duties in a diligent, trustworthy, good faith and business-like manner, all for the purpose of advancing the business of the Company. The Executive shall at all times act in a manner consistent with the Executive's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Restrictive Covenants</u>**. The Executive's employment is conditioned on the execution of and compliance with the Confidentiality and Restrictive Covenant Agreement attached hereto as <u>Exhibit A</u>, which the Executive must sign on or before the Executive's first day of employment.

**ARTICLE II.**

**<u>COMPENSATION FOR SERVICES</u>**

As compensation for all services the Executive will perform under this Agreement, the Company will pay the Executive, and the Executive shall accept as full compensation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Base Salary</u>**. During employment, the Company shall pay the Executive an annual salary of $200,000 (the "***Base Salary***"), less applicable payroll deductions and tax withholdings for all services rendered by the Executive under this Agreement. Notwithstanding the foregoing, during employment, upon a public listing of the common stock of the Company on a public stock exchange such as NYSE, NASDAQ, or OTCQX or on a quotation service such as OTCQB (a "***Public Listing***"), the Base Salary shall automatically increase to an annual salary of $290,000, less applicable payroll deductions and tax withholdings. The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Discretionary Performance Bonus</u>**. For each calendar year or portion thereof during employment, the Executive shall be eligible for a discretionary performance bonus (the "***Bonus***"), less applicable payroll deductions and tax withholdings, which shall be based upon the achievement of certain performance goals as established by the Company, in its sole discretion, for each such year. Any Bonus shall be paid in the calendar year immediately following the calendar year in which any such bonus was earned at the time such bonuses are ordinarily paid by the Company but no later than March 15th. The Executive must be employed by the Company on the payment date to receive any Bonus. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Expenses</u>**. The Company agrees that, during the Executive's employment, it will reimburse the Executive for out-of-pocket expenses reasonably incurred in connection with the Executive's performance of the Executive's services hereunder, including, but not limited to, required travel for business purposes upon the presentation by the Executive of an itemized accounting of such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies. Reimbursement shall be in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Health Benefits</u>**. The Executive will be entitled to participate in the Company's health plan during the Term that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the health plan documents, as such plan may be modified, amended, terminated, or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Other Benefits</u>**. The Executive is entitled during employment to participate in any 401(k) plan and any other benefit or welfare program or policy that is made generally available, from time to time, to other employees of the Company, including eligibility for awards granted at the discretion of the Board of Directors or its designated committee under the Company's 2025 Long-Term Incentive Plan. Such participation is subject to the terms of the plan documents, as such plans may be modified, amended, terminated, or replaced from time to time. The Executive will be entitled to paid time off in accordance with the Company's policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Compensation Recovery (Clawback)</u>**. Notwithstanding any other provision in this Agreement to the contrary, any incentive-based compensation paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company shall be subject to recovery by the Company under its Compensation Recovery Policy (the "Clawback Policy"), as it may be amended from time to time. The Executive acknowledges receipt of the Clawback Policy and agrees to be bound by its terms, including the obligation to repay any Erroneously Awarded Compensation as defined and required by the policy.

**ARTICLE III.**

**<u>TERM; TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Term of Employment</u>**. The Company shall employ the Executive and the Executive shall be employed by the Company pursuant to this Agreement commencing on the first day of employment and continuing until such employment is terminated in accordance with this Article III.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Termination</u>**. Subject to any obligations set forth below, either party may terminate the Executive's employment at any time upon written notice provided that the Executive will be required to provide the Company at least one (1) month advance written notice of the Executive's voluntary resignation without Good Reason (as defined below). Upon termination of the Executive's employment, the Company shall pay the Executive (i) any unpaid Base Salary accrued through the date of termination; and (ii) any unreimbursed expenses properly incurred prior to the date of termination (collectively, the "***Accrued Obligations***").

&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) **<u>Termination for Cause, Voluntary Resignation, or as a Result of Death or Disability</u>**. In the event the Executive voluntarily resigns without Good Reason (as defined below), the Company may, in its sole discretion, shorten the notice period and determine the date of termination without any obligation to pay the Executive any additional compensation other than the Accrued Obligations and without triggering a termination of the Executive's employment without Cause (as defined below). In the event the Company terminates the Executive's employment for Cause or the Executive voluntarily resigns without Good Reason, or as a result of the Executive's Total and Permanent Disability (as defined below) or death, the Company shall have no further liability or obligation to the Executive under this Agreement. The Accrued Obligations shall be payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Cause***" shall be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) conviction of a felony crime; (c) intentional and willful misconduct that subjects the Company to criminal liability; (d) breach of the Executive's duty of loyalty to the Company or diversion or usurpation of corporate opportunities properly belonging to the Company; (e) material breach of this Agreement and/or any other agreement entered into between the Company and the Executive or any related Company policy; and/or (f) willful and continued failure to satisfactorily perform the duties of Executive's position.

For purposes of this Agreement, "***Total and Permanent Disability***" means the Executive is qualified for long-term disability benefits under the Company's or a subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Executive is not eligible to participate in such plan or policy, that the Executive, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Executive's duties of employment for a period of six (6) continuous months, as determined in good faith by the Company, based upon medical reports or other evidence reasonably satisfactory to the Company.

&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) **<u>Termination Without Cause or for Good Reason</u>**. In the event the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment; and (b) a lump sum severance payment in an amount equal to twelve (12) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year). For purposes of this Agreement, "***Good Reason***" means (a) a material reduction in or failure to pay the Executive's Base Salary; (b) a material reduction in the Executive's responsibilities, title or duties without the consent of the Executive; (c) a change in the location of the Executive's principal place of employment without the consent of the Executive outside of a twenty-five (25) mile radius of the principal place of employment where the Executive is based as of the Effective Date; or (d) the Company's material breach of this Agreement. For purposes of subsections (a)-(d) of this paragraph, the Executive shall give the Company written notice thereof which shall specify in reasonable detail the circumstances constituting Good Reason. There shall be no Good Reason with respect to any such circumstances if cured by the Company within thirty (30) days after such notice, at which time the Executive may withdraw his notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Termination Following a Change of Control</u>**. In the event that the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, in either case, within twelve (12) months following a Change of Control (as defined below), then, in lieu of the severance payments described in <u>Article III, Section B(ii)</u> above, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) severance pay in an amount equal to eighteen (18) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable in a lump sum on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year); (b) all outstanding and unvested equity awards held by the Executive shall immediately become fully vested and, to the extent applicable, exercisable as of the date of termination subject to the terms and conditions of the applicable equity award agreements; and (c) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Change of Control***" means the occurrence of any of the following events: (a) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then-outstanding voting securities; (b) the consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (c) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (d) a change in the composition of the Board, as a result of which a majority of the members of the Board are not "Incumbent Directors" (meaning, any individual who is a director of the Company as of the Effective Date and any successor director whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the Incumbent Directors then on the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Garden Leave</u>**. Following the Executive's delivery of a notice of voluntary resignation, the Company may, in its sole discretion, require the Executive to remain away from the Company's premises and cease performing all duties and responsibilities for all or part of the notice period (the "***Garden Leave Period***"). During the Garden Leave Period, the Executive: (i) shall remain an employee of the Company and will continue to receive Base Salary and benefits; (ii) shall not contact or communicate with any employees, clients, or customers of the Company unless expressly directed to do so by the Company; (iii) shall not commence employment with any other entity; and (iv) must adhere to all duties and obligations to the Company, including the duty of loyalty. The Company's election to place the Executive on Garden Leave shall not be construed as a termination without Cause by the Company.

**ARTICLE IV.**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Governing Law</u>**. The Parties agree that the Agreement shall be governed by and construed under the internal laws of the State of Virginia. In the event of any dispute regarding this Agreement, the Parties hereby irrevocably agree to submit to the exclusive jurisdiction of the federal and state courts situated in Virginia, and the Executive agrees that the Executive shall not challenge personal or subject matter jurisdiction in such courts. The Parties also hereby waive any right to trial by jury in connection with any litigation or disputes under or in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Mandatory Arbitration of Disputes</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. To
 ensure the rapid and confidential resolution of disputes, the Company and the Employee mutually
 agree that any and all claims, disputes, or controversies arising out of or relating to this
 Agreement, the Employee's employment with the Company, or the termination of that employment
 (collectively, "  ***Claims*** "), shall be resolved exclusively by final
 and binding arbitration. This agreement to arbitrate applies to all Claims, whether based
 on statute, contract, tort, or common law. By agreeing to arbitration, both Parties knowingly
 and voluntarily waive their right to a trial by jury.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. This
 agreement to arbitrate covers all Claims that the Company may have against the Employee or
 that the Employee may have against the Company and its affiliates, officers, directors, and
 other employees. Such Claims include, but are not limited to, claims for unpaid wages, wrongful
 termination, discrimination, harassment, breach of contract, and violation of any federal,
 state, or local law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. This
 agreement does not apply to claims for workers' compensation benefits, unemployment
 insurance benefits, or any claim that cannot be subjected to mandatory arbitration as a matter
 of law. Further, this agreement does not prevent the Employee from filing an administrative
 charge with a government agency, such as the Equal Employment Opportunity Commission (EEOC)
 or the National Labor Relations Board (NLRB), although any subsequent private lawsuit arising
 from such a charge will be subject to this arbitration agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The
 arbitration shall be conducted by a single, neutral arbitrator in accordance with the then-current
 Employment Arbitration Rules and Procedures of JAMS (or another mutually agreed-upon arbitration
 service). The arbitration shall take place in the county where the Employee primarily performs
 or performed services for the Company. The Company will bear the costs of the arbitrator's
 fees and any other costs unique to arbitration. The arbitrator shall have the authority to
 grant any remedy or relief that a court of competent jurisdiction could grant. The arbitrator's
 decision shall be in writing and will be final and binding on both Parties. Judgment on the
 award rendered by the arbitrator may be entered in any court having competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. The
 Parties agree that any arbitration will be conducted on an individual basis only. The Parties
 expressly waive their right to bring or participate in any form of class, collective, or
 representative action. The arbitrator may not consolidate more than one person's claims
 and may not otherwise preside over any form of a representative or class proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Headings</u>**. The paragraph headings contained in this Agreement are for convenience only and shall in no way or manner be construed as a part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Severability</u>**. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Reformation</u>.** In the event any court of competent jurisdiction holds any restriction in this Agreement to be unreasonable and/or unenforceable as written, the court may reform this Agreement to make it enforceable, and this Agreement shall remain in full force and effect as reformed by the court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement, including, without limitation, the Executive's employment with the Company. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all parties to this Agreement. The Executive acknowledges and represents that in executing this Agreement, the Executive did not rely, and has not relied, on any communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly contained in this Agreement. The Parties represent that they relied on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Waiver</u>**. No waiver of any breach of this Agreement shall be construed to be a waiver as to succeeding breaches. The failure of either party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant or condition but the obligations of either party with respect thereto shall continue in full force and effect. The breach by one party to this Agreement shall not preclude equitable relief or the obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **<u>Modification</u>**. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Company and the Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **<u>Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and permitted assigns. The Executive may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **<u>Code Section 409A</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;(i) To the extent (A) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive's termination of employment with the Company constitute deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "***Code***"); (B) the Executive is deemed at the time of the Executive's separation from service to be a "specified employee" under Section 409A of the Code; and (C) at the time of the Executive's separation from service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments permitted by Section 409A of the Code to be paid within six (6) months of the Executive's separation from service) shall not be made until the earlier of (1) the first day of the seventh month following the Executive's separation from service or (2) the date of the Executive's death following such separation from service. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this <u>Article IV, Section I</u> shall be paid to the Executive or the Executive's beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate (as defined below) computed from the date on which each such delayed payment otherwise would have been made to the Executive until the date of payment. For purposes of the foregoing, the "***Delayed Payment Interest Rate***" shall mean the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive's separation from service.

&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) To the extent any benefits provided under <u>Article III, Section B(ii)-(iii)</u> above are otherwise taxable to the Executive, such benefits shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the case of any amounts payable to the Executive under this Agreement, or under any plan of the Company, that may be treated as payable in the form of "a series of installment payments," as defined in Treas. Reg. §1.409A-2(b)(2)(iii), the Executive's right to receive such payments shall be treated as a right to receive a series of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall be interpreted, operated, and administered in a manner consistent with such intent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **<u>Counterparts</u>**. This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The Parties intend to treat as an original any document signed in connection with the transactions contemplated by this Agreement, including any counterpart to this Agreement or any related document that is delivered by electronic transmission, including by facsimile, .PDF, photo static copy, or otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed on the date first set forth above, to be effective as of that date.

---

| |
|:---|
| **EXECUTIVE:** |
| */s/ Daniel Flowers*<br>|
| Daniel Flowers<br>|

---

---

| | |
|:---|:---|
| **COMPANY:**  | **COMPANY:**  |
| FullPAC, Inc. | FullPAC, Inc. |
| By: | */s/ Travis Trawick* |
| Name: | Travis Trawick<br>|
| Title: | Chief Executive Officer |

---

**<u>Exhibit A</u>**

Confidentiality and Restrictive Covenant Agreement

## Add

**eXHIBIT 6.14**

**LOCK-UP/LEAK-OUT AGREEMENT**

**THIS LOCK-UP/LEAK OUT AGREEMENT** ("**Agreement**") is made and entered into this [__] day of November, 2025 (the "**Effective Date**"), by and between FullPAC, Inc., a Nevada corporation (the "**Company**") and the signatory hereto ("**Holder**").

**RECITALS**

**WHEREAS,** the Company has engaged Dawson James Securities, Inc. to act as exclusive placement agent (the "**Placement Agent**") in connection with the proposed public offering (the "**Offering**") of shares of the Company's Common Stock, par value $0.0001 per share (the "**Common Stock**");

**WHEREAS,** the Holder is the beneficial owner of securities of the Company ("**Current Securities**") and may hereafter be the beneficial owner of other shares of Common Stock, preferred stock or options, warrants or other rights to purchase or convert into shares of Common Stock or any other security of the Company (such Current Securities and subsequently owned securities referred to collectively as the "**Lock-Up Shares**");

**WHEREAS**, to induce the Placement Agent to continue its efforts in connection with the Offering, the Holder has agreed to enter into this Agreement and to restrict the sale, assignment, transfer, conveyance, hypothecation or alienation of the Lock-Up Shares, all on the terms set forth below.

**NOW THEREFORE**, for consideration received, the sufficiency and receipt of which is hereby acknowledged, the parties hereto agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Holder hereby represents and warrants to the Company that the Holder is the beneficial owner of the securities indicated on the signature page hereto and that, except as set forth on the signature page hereto, the Holder is not in any way acting in concert with or a group with any other holder of securities of the Company for purposes of Rule 13d-5 of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Holder hereby agrees that it shall not during the period commencing on the qualification date of the offering circular on Form 1-A (as amended, the "**Offering Circular**") relating to the Offering and ending 180 days following the initial closing date of the Offering (the "**Lock-Up Period**"), (1) offer, pledge, assign, encumber, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, any Lock-Up Shares owned, either of record or beneficially (as defined in the Exchange Act), by the Holder on the date hereof or hereafter acquired or (2) enter into any swap or other agreement or arrangement that transfers, in whole or in part, any of the economic consequences of ownership of the Lock-Up Shares, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of Common Stock or such other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Notwithstanding the foregoing, until the **<u>2026 Midterm Elections taking place on November 3, 2026</u>**, the Holder may only offer, sell, contract to sell, hypothecate, pledge, dividend, distribute or otherwise dispose of, directly or indirectly the Lock-Up Shares subject to the following restrictions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If
 the price per share of Common Stock equals  **<u>$6.01</u>** , but is less than  **<u>$10.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose of shall not exceed  **<u>one percent (1%)</u>** of the total weekly trading volume of the Company's
 Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If
 the price per share of Common Stock equals  **<u>$10.01</u>** , but is less than  **<u>$15.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose of shall not exceed  **<u>two percent (2%)</u>** of the total weekly trading volume of the Company's
 Common Stock;<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. If
 the price per share of Common Stock equals  **<u>$15.01</u>** , but is less than  **<u>$20.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose shall not exceed  **<u>three percent (3%)</u>** of the total weekly trading volume of the Company's Common Stock;

Page 1 of 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. If
 the price per share of Common Stock equals  **<u>$20.01</u>** , but is less than  **<u>$25.01</u>** ,
 the maximum aggregate number of Lock-Up Shares the Holder may dispose of shall not exceed  **<u>four percent (4%)</u>** of the total weekly trading volume of the Company's
 Common Stock; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. If
 the price per share of Common Stock equals or exceeds  **<u>$25.01</u>** , the Holder may
 transfer the Lock-Up Shares without any restriction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The foregoing lock-up restrictions shall not apply to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. (a)
 exercises of stock options or equity awards granted pursuant to an equity incentive or other
 plan or warrants to purchase shares of Common Stock or other securities (including by cashless
 exercise to the extent permitted by the instruments representing such stock options or warrants
 so long as such cashless exercise is effected solely by the surrender of outstanding stock
 options or warrants to the Company and the Company's cancellation of all or a portion
 thereof to pay the exercise price), provided that in any such case the securities issued
 upon exercise shall remain subject to the provisions of this Agreement; (b) transfers of
 shares of Common Stock or other securities to the Company in connection with the vesting
 or exercise of any equity awards granted pursuant to an equity incentive or other plan and
 held by the Holder to the extent, but only to the extent, as may be necessary to satisfy
 tax withholding obligations pursuant to the Company's equity incentive or other plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. transfers
 of shares of Common Stock or any security directly or indirectly convertible into or exercisable
 or exchangeable for Common Stock pursuant to an order of a court or regulatory agency;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. transfers
 of shares of Common Stock or any security directly or indirectly convertible into or exercisable
 or exchangeable for Common Stock as a bona fide gift or in connection with estate planning,
 including, but not limited to, dispositions to any trust for the direct or indirect benefit
 of the Holder or the immediate family of the Holder and dispositions from any grantor retained
 annuity trust established for the direct benefit of the Holder or a member of the immediate
 family of the Holder, or by will or intestacy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. transfers
 of shares of Common Stock or any security directly or indirectly convertible into or exercisable
 or exchangeable for Common Stock that occur by operation of law, including any transfer pursuant
 to a qualified domestic relations order or in connection with a divorce;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. any
 distributions or transfers without consideration of shares of Common Stock or any security
 directly or indirectly convertible into or exercisable or exchangeable for Common Stock to
 limited partners, members, stockholders or affiliates of the Holder, or to any partnership,
 corporation or limited liability company controlled by the Holder; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. the
 establishment of a trading plan pursuant to Rule 10b 5-1 under the Exchange Act for the transfer
 of shares of Common Stock, provided that such plan does not provide for the transfer of Common
 Stock during the Lock-Up Period.

<u>provided</u>¸ <u>however</u>, that (a) in the case of any transfer or distribution pursuant to clause (iii) or (v), each donee, distributee or transferee shall sign and deliver a lock-up letter agreement substantially in the form of this Agreement and (b) in the case of any transaction pursuant to clause (iii), (v) or (vi), such transaction is not required to be reported during the Lock-Up Period by anyone in any public report or filing with the Securities and Exchange Commission or otherwise (other than a required filing on Form 5, Schedule 13D or Schedule 13G (or 13D/A or 13G/A)) and no such filing shall be made voluntarily during the Lock-Up Period. In addition, the Holder agrees that, without the Placement Agent's prior written consent, it will not, during the Lock-Up Period, make any demand for or exercise any right with respect to, the registration of any shares of Common Stock or any security directly or indirectly convertible into or exercisable or exchangeable for Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Holder agrees that, prior to engaging in any transaction or taking any other action that is restricted by the terms of this Agreement during the period from the date of this Agreement to the expiration of the Lock-Up Period, it will give notice thereof to the Company and will not consummate such transaction or take such action unless it has received written confirmation from the Company that the Lock-Up Period has expired.

Page 2 of 4

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The Holder has not entered into any agreements with any other shareholders of the Company, nor will the Holder enter into any agreement with any other shareholder of the Company to dispose the Lock-Up Shares except as permitted pursuant to this Agreement. Any attempted sale, transfer or other disposition of the Lock-Up Shares in violation of this Agreement shall be null and void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. The Company may (i) instruct its transfer agent not to transfer the Lock-Up Shares, (ii) provide a copy of this Agreement to the Company's transfer agent for the purpose of instructing the Company's transfer agent to place a legend on the certificate(s) evidencing the Lock-Up Shares and disclosing that any transfer, sale, contract for sale, devise, gift, assignment, pledge or hypothecation of such securities is subject to the terms of this Agreement, and (iii) issue stop-transfer instructions to its transfer agent for the term of the Lock-Up Period for such securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. If the Holder is an officer or director of the Company, (i) the Placement Agent agrees that, at least three (3) business days before the effective date of any release or waiver of the foregoing restrictions in connection with a transfer of Lock-Up Shares, the Placement Agent will notify the Company of the impending release or waiver, and (ii) the Company will announce the impending release or waiver by press release through a major news service at least two (2) business days before the effective date of the release or waiver. Any release or waiver granted by the Placement Agent hereunder to any such officer or director shall only be effective two (2) business days after the publication date of such press release. The provisions of this paragraph will not apply if (a) the release or waiver is effected solely to permit a transfer not for consideration and (b) the transferee has agreed in writing to be bound by the same terms described in this Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. This Agreement shall automatically terminate upon the earliest to occur, if any, of (1) either the Placement Agent, on the one hand, or the Company, on the other hand, advising the other in writing, that they have determined not to proceed with the Offering, (2) the withdrawal of the Offering Circular filed with the Securities and Exchange Commission with respect to the Offering, or (3) if the Offering does not close by December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The Holder hereby represents and warrants that the Holder has full power and authority to enter into this Agreement. The Holder hereby waives any applicable notice requirement concerning the Company's intention to file the Offering Circular and sell shares of Common Stock thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. The Holder understands that the Company and the Placement Agent are relying upon this Agreement in proceeding toward consummation of the Offering. The Holder further understands that this Agreement is irrevocable and shall be binding upon the Holder, its agents, heirs, successors, assigns and beneficiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. This Agreement and the rights and obligations hereunder may not be assigned by any party hereto without the prior written consent of the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The Holder acknowledges that whether or not the Offering actually occurs depends on a number of factors, including, but not limited to, market conditions, and that there is no assurance that the Offering will be consummated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Any waiver of the terms and conditions of this Agreement in any instance must be in writing and must be duly executed by the Placement Agent, the Company and the Holder, and shall not be deemed or construed to be a waiver of such term or condition for the future, or of any subsequent breach thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Any breach of this Agreement will cause the Placement Agent and Company irreparable damage for which there is no adequate remedy at law. If there is a breach or threatened breach of this Agreement by the Holder, the Holder hereby agrees that the Placement Agent and the Company shall be entitled to the issuance of an immediate injunction without notice to restrain the breach or threatened breach. The Holder also agrees that the Placement Agent and the Company shall be entitled to pursue any other remedies for such a breach or threatened breach, including a claim for money damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be performed in that state, without regard to any of its principles of conflicts of laws or other laws which would result in the application of the laws of another jurisdiction. This Agreement shall be construed and interpreted without regard to any presumption against the party causing this Agreement to be drafted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. The parties agree that if any provision of this Agreement be held to be invalid, illegal or unenforceable in any jurisdiction, that holding shall be effective only to the extent of such invalidity, illegally or unenforceability without invalidating or rendering illegal or unenforceable the remaining provisions hereof, and any such invalidity, illegally or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. It is the intent of the parties that this Agreement be fully enforced to the fullest extent permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. This Agreement may be executed in counterparts, each of which when executed shall be deemed to be an original, and all of which, when taken together, shall constitute one and the same document.

Page 3 of 4

**IN WITNESS WHEREOF**, and intending to be legally bound, the undersigned parties have duly executed and delivered this Agreement as of the day and year first above written.

---

| | |
|:---|:---|
| **HOLDER:** | **FULLPAC, INC.** |
| By: | By: |
| Name: | Name: |
| Title: | Title: |

---

Class of Securities Beneficially Owned:

Number of Shares of Such Class Beneficially Owned:

Page 4 of 4

## Add

**Exhibit 6.15**

**Stripe Capital Program**

Loan Agreement

*Your business loan under this Loan Agreement is being offered by Celtic Bank.*

**Financing Summary**

---

| | | | |
|:---|:---|:---|:---|
| **Loan Amount**<br> *The amount of credit extended to you under this Agreement.* | $123400.00 | **Fixed Fee**<br> *The cost of your Loan.* | $12957.00 |
| **Total Repayment Amount**<br> *Includes the Loan Amount and the Fixed Fee.* | $136357.00 | **Repayment Rate** <br> *The percentage of daily Merchant Receivables withheld to repay your Loan.* | 25.00% |

---

**Merchant and Agreement Summary**

---

| | | | |
|:---|:---|:---|:---|
| **Merchant** | Name: RoboCent<br> Address:1206 Laskin Rd, Suite 201-o, Virginia Beach, VA, 23451, US<br> Merchant Representative: Travis Trawick<br> Stripe Account ID: acct_102oG22JlkaD74L3 | Name: RoboCent<br> Address:1206 Laskin Rd, Suite 201-o, Virginia Beach, VA, 23451, US<br> Merchant Representative: Travis Trawick<br> Stripe Account ID: acct_102oG22JlkaD74L3 | Name: RoboCent<br> Address:1206 Laskin Rd, Suite 201-o, Virginia Beach, VA, 23451, US<br> Merchant Representative: Travis Trawick<br> Stripe Account ID: acct_102oG22JlkaD74L3 |
| **Origination Date\*\*** | October 7, 2025 | **Minimum Payment Amount** | $15150.78 |
| **Minimum Payment Period** | Every 60 days | **Prior Financing Balance**<br> *(if applicable)* | $0.00 |
| **Net Loan Proceeds**<br> *Your Loan Amount less the Prior Financing Balance. This amount will appear in your Stripe Account.**\**** | $123400.00 | **Repayment Start Date\*\*** | October 14, 2025 |
| **Final Repayment Date\*\*** | April 7, 2027 |  |  |

---

*\* If you have a Prior Outstanding Balance, you may receive slightly more funds in your account than shown, as we will continue to collect payments on your prior agreement until your new loan is funded. Your actual Net Loan Proceeds amount will be reflected on your contract after your loan has been disbursed.*

*\*\* You acknowledge that Stripe will fill in these dates based on the origination date if your application is approved. A final copy of this agreement will be available through your dashboard.*

The Stripe Capital Program ("**Program**") is a business loan program for users of Stripe, Inc.'s payment processing platform, who may apply for and receive commercial-purpose loans from Celtic Bank. Stripe, Inc. provides software for your payment card transactions, as described in the Stripe Services Agreement (defined below). Loans will be serviced by Stripe Servicing, Inc. ("**SSI**"), a wholly-owned subsidiary of Stripe, Inc. For purposes of this Agreement, SSI and Stripe, Inc. shall be collectively referred to as "**Stripe**".

This Loan Agreement ("**Agreement**") is among you, Stripe, and Bank (defined below). As used in this Agreement, "**we**," "**us**," and "**our**" refer collectively to Bank and Stripe. "**Merchant**," "**you**" and "**your**" refer to the entity associated with the Stripe Account that has applied for, qualified for, and received a commercial loan through the Program (such commercial loan, the "**Loan**") pursuant to this Agreement, as indicated in the summary box above.

Subject to this Agreement, you may receive a business-purpose loan from Bank. After funding, Stripe will automatically withhold the agreed upon Repayment Rate of your daily Merchant Receivables until the Total Repayment Amount is transferred to fully repay the Loan. Your Loan terms are summarized in the boxes above, and described in detail in the following text. When calculating the Total Repayment Amount and the Prior Outstanding Balance, and at any time thereafter while you have an Outstanding Balance, we have the right to waive a portion of your fixed fee at our sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** **Definitions** 

"**SSI**" means Stripe Servicing, Inc., a wholly-owned subsidiary of Stripe, Inc., which will act as servicer of your Loan as agent on behalf of Bank, together with its successors and assigns.

"**Bank**" means Celtic Bank, its agents, and assignees. For avoidance of doubt, Celtic Bank (and not its agents and assignees) is the originator and creditor of your Loan.

"**Disbursement Date**" means the date the Net Loan Proceeds are approved to be disbursed to your Stripe Account.

"**Final Repayment Date**" means the date, as specified in the summary box above, on which the Outstanding Balance is due and payable in full.

"**Fixed Fee**" means the one-time fee assessed by Bank and represents the total cost of your Loan. The Fixed Fee is specified in the summary box above.

"**Governmental Authority**" means any governmental or self-regulatory body that has jurisdiction over you, us, or the Program, including: (i) any federal, state, local, foreign or other court; and (ii) any governmental department, bureau, or agency.

"**Linked Bank Account**" means any transaction account linked to your Stripe Account, which must not have been established primarily for personal, family, or household purposes.

"**Loan**" has the meaning found in the introduction.

"**Loan Amount**" is the dollar amount of funds extended to you by Bank under this Agreement. If you have a Prior Outstanding Balance, the Loan Amount may differ from the Net Loan Proceeds.

"**Merchant**," "**you**" or "**your**" has the meaning set forth in the introduction.

"**Merchant Receivables**" means the funds owed to you arising from sales through Stripe, Inc.'s payment processing services, as such services are described in the Stripe Services Agreement.

"**Minimum Payment Amount**" means the amount specified in the summary box above. The Minimum Payment Amount is due to Bank by the end of each payment period, beginning on the Repayment Start Date.

"**Minimum Payment Period**" means the period of time in which every Minimum Payment Amount is due, as indicated in the summary box above.

"**Minimum Payment Due Date**" means the date that each Minimum Payment Amount is due. The first Minimum Payment Due Date will occur one Minimum Payment Period after the Repayment Start Date. For example, if your Minimum Payment Period is every 30 days, then your first Minimum Payment Due Date will occur 30 days after the Repayment Start Date. Each Minimum Payment Due Date will occur according to that time period until the Final Repayment Date.

"**Net Loan Proceeds**" is the Loan Amount less the Prior Financing Balance, if applicable. The Net Loan Proceeds represents the actual amount of funds that you will receive in your Stripe Account.

"**Obligations**" has the meaning set forth in Section 6(a).

"**Origination Date**" means the date on which the Loan Amount is advanced to you. The Origination Date is found in the summary box above, and will say "TBD" if you are reviewing as part of your application.

"**Outstanding Balance**" is the Total Repayment Amount less any repayments you have made toward your Loan. The Outstanding Balance represents the total amount of funds that you are obligated to repay to Bank at any given point in time.

"**Parties**" means, collectively, Merchant, Bank, and Stripe.

"**Principal Owner**" means, with respect to a legal entity: (1) each individual, if any, who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise, owns 25 percent or more of the equity interests of the legal entity; and (2) one individual with significant responsibility for managing the legal entity, such as an executive officer or senior manager (e.g., Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, Treasurer) or any other individual who regularly performs similar functions.

"**Prior Financing Balance**" means (i) the dollar value equivalent of any outstanding merchant cash advance that the Stripe Account associated with this Agreement previously received through Stripe, Inc., and/or (ii) any outstanding loan that the Stripe Account associated with this Agreement has obtained pursuant to the Program. Notwithstanding the prior sentence, we may at our discretion choose to waive any portion of fees associated with (i) or (ii) when calculating the Prior Financing Balance.

"**Repayment Acceleration**" means a temporary or permanent increase in your Repayment Rate or request for additional payments on the Outstanding Balance. The terms and duration of any Repayment Acceleration will be determined at our discretion.

"**Repayment Rate**" means the percentage of sales volume to be debited from each transaction of your Merchant Receivables in order to repay your Loan. Such amounts will be debited from your Merchant Receivables on a per transaction basis and will be applied toward your Outstanding Balance until the Total Repayment Amount is paid in full.

"**Repayment Start Date**" means the first date that we will begin withholding funds equal to the Repayment Rate from your Merchant Receivables which is seven days after the Origination Date. Your Repayment Start Date is specified in the summary box above.

"**Stripe Account**" means, collectively, all accounts that are used by you (as Merchant) pursuant to the Stripe Services Agreement.

"**Stripe**" has the meaning set forth in the introduction, together with any successors and assigns.

"**Stripe Services Agreement**" means the Stripe Services Agreement — United States and any applicable additional terms, as may be amended from time to time.

"**Total Repayment Amount**" is the total sum of the Loan Amount and the Fixed Fee. The Total Repayment Amount is set forth in the summary box above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.** **Information About Your Loan** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Bank
 is extending the commercial-purpose Loan to you in the Loan Amount, and the amount of funds
 you will receive is equal to the Net Loan Proceeds. You agree to receive the Net Loan Proceeds
 in your Stripe Account.

(b) You
 represent that you are a commercial business enterprise organized in the United States.  ***You agree that your Loan will be for your business purposes only*** . You acknowledge that
 legal protections for consumers do not apply to your Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.** **Loan Repayment** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Prior Financing Balance**. If you have a Prior Financing Balance, we will first apply the Loan
 Amount to repay any Prior Financing Balance outstanding as of the Disbursement Date. The
 remaining funds, which are equal to the Net Loan Proceeds, will be deposited to your Stripe
 Account. Any prior agreements related to a Prior Financing Balance are hereby superseded
 and replaced by this Agreement.

(b) **Repayment Periods**. You agree (i) to pay the Minimum Payment Amount on each Minimum Payment Due
 Date, and (ii) to pay the Total Repayment Amount in full by the Final Repayment Date.

(c) **Repayment Method**. Beginning on the Repayment Start Date, you authorize us to withhold funds on
 a per transaction basis in the amount of the Repayment Rate from your Merchant Receivables
 for purposes of repaying your Loan. You acknowledge and agree that we will continue to withhold
 Merchant Receivables in this manner even if your withheld Merchant Receivables exceed the
 Minimum Payment Amount for a particular Minimum Payment Period. Under no circumstances are
 we obliged to return withheld Merchant Receivables that are transferred to us, including
 in the event that one or more of the transactions that created a portion of the Merchant
 Receivables are subject to refund, return, or dispute.

If your withheld Merchant Receivables for an applicable payment period do not equal at least the Minimum Payment Amount by the applicable Minimum Payment Due Date, you authorize us to (a) offset funds from your Stripe Account in an amount equal to the difference between the Minimum Payment Amount and the withheld Merchant Receivables and/or (b) debit your Linked Bank Account in an amount equal to the difference between the Minimum Payment Amount and the withheld Merchant Receivables. If we are unable to successfully debit your Linked Bank Account or if we are notified that your Linked Bank Account has insufficient funds to complete the debit, we may re-attempt to debit your Linked Bank Account up to two additional times to obtain your Minimum Payment Amount. You agree that we will have no liability if we cannot successfully debit your Linked Bank Account or if your Linked Bank Account has insufficient funds when we attempt (or re-attempt) to debit your Linked Bank Account. If we cannot successfully debit your Linked Bank Account or if your Linked Bank Account has insufficient funds, you authorize us to debit or setoff funds you owe us from future amounts processed under the terms of your Stripe Services Agreement. You acknowledge and agree to be bound by National Automated Clearing House Association's rules for business-related ACH debits and credits.

You may be assessed returned payment fees related to any insufficient funds transaction. You may change your Linked Bank Account on your dashboard at any time; however, we are not responsible for any fees or losses you suffer that result from erroneous Linked Bank Account information provided by you, or due to the timing of the change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Order of Payments.** Until the Total Repayment Amount is due, your Loan repayments will be applied
 to the Outstanding Balance in the following order, *first*, to repay any past-due amounts
 (if any) and *second*, to repay current amounts due.

(e) **Early Repayment**. You may repay your Outstanding Balance in full or in part at any time without
 penalty. You will still owe the full amount of the Fixed Fee documented in this Agreement.

(f) **Effect of Multiple Accounts**. If you have multiple Stripe Accounts, we may apply your Minimum
 Payment obligation or any applicable Repayment Rate to your other Stripe Accounts for purposes
 of repaying your Loan. You may be deemed to have multiple Stripe Accounts if:

&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) You
 submit transaction charges through multiple Stripe Accounts; or

(ii) You
 attempt to receive payment card processing proceeds through multiple Stripe Accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.** **Cancellation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Voluntary Cancellation**. You may withdraw your application up to 48 hours after you have applied
 for a loan. If the Bank approves your loan application within your 48-hour withdrawal period,
 then you may cancel this Agreement up until the end of the 48-hour period. After the 48-hour
 period has passed, you will not be able to cancel this agreement. If you cancel this Agreement,
 we will debit the Loan Amount from your Stripe Account or your Linked Bank Account, as applicable.
 Your Loan will not be deemed canceled if the debit to your Stripe Account or your Linked
 Bank Account is unsuccessful.

(b) **Cancellation Due to Unsuccessful Funds Transfer**. If we are unable to transfer your Loan funds to your
 Stripe Account or to your Linked Bank Account, we will make best efforts to contact you to resolve the matter. If within a reasonable time you have not (i) responded to our request or (ii) otherwise given us instructions to initiate
a successful transfer, this Agreement will be canceled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **Reinstatement of Prior Financing Obligation**. If this Agreement is canceled and you owe a Prior Financing
 Balance, your obligation related to the Prior Financing Balance will be immediately due and
 payable to Stripe (in the case of a merchant cash advance) or Bank (in the case of another
 commercial purpose loan through the Program). You will pay this amount through a debit to
 your Stripe Balance, Linked Bank Account or any other account that you have authorized Stripe
 to debit pursuant to any agreement with Stripe. .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.** **Your Obligations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) While
 your Loan has an Outstanding Balance, you will:

&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) Maintain
 or increase the proportion of your business that you conduct on Stripe's payment processing
 platform (measured as of the Origination Date) and conduct your business under the same name
 and in a manner consistent with past practice.

(ii) Prevent
 the diversion of Merchant Receivables to any other processor, and not cause the dollar amount
 of Receivables processed through your Stripe Account to be diverted to another processor.

(iii) In
 any thirty (30) day period, process Receivables with Stripe at no less than fifty percent
 (50%) of the lowest dollar amount of Receivables that you processed in any month in the prior
 twelve (12) months.

(iv) Cooperate
 fully with us to take all actions necessary to meet each obligation in this Agreement and
 to enable us to exercise our rights under this Agreement, including by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Providing
 a full response to us within two business days of receiving a request for information about
 your business (including financial and bank account statements, transaction files, and any
 other information related to your business's payment processing volumes or Merchant
 Receivables) or your compliance with this Agreement;

(2) Promptly
 signing documents that we deem necessary; and

(3) Permitting
 us and our agents, contractors, and designees to enter your premises at any reasonable time
 during the term of this Agreement for the purposes of verifying your compliance with this
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Comply
 with the Stripe Services Agreement and applicable card network rules.

(vi) Maintain
 your Stripe Account in good standing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) While
 your Loan has an Outstanding Balance, you hereby covenant and agree to not, without the prior
 written consent of Bank:

&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) Engage
 in any business activities that are substantially different in nature or character from your
 current business as in existence on the Origination Date.

&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) Decrease
 or otherwise limit the types or quantities of products and services that you offer as of
 the Origination Date.

(iii) Decrease
 or otherwise limit the number or type of physical and online sales channels used by your
 business as of the Origination Date.

(iv) Take
 any action that would discourage the use of any payment methods facilitated by Stripe's
 payment processing services. However, you may impose certain charges on credit card transactions
 permitted by card network rules.

(v) Allow
 another party to assume or take over the operation or control of your business or business
 location, whether physical or virtual.

(vi) Sell,
 dispose, convey, or otherwise transfer any of your business or assets (other than in the
 ordinary course of business).

(vii) Terminate
 your Stripe Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.** **Security Interest** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Collateral.** As security for your obligation to pay the Total Repayment Amount, along with the payment
 and performance of all your other obligations under this Agreement, including (but not limited
 to): (i) reasonable attorney's fees and expenses under Section 9(a), and (ii) any fees
 or expenses related to a bankruptcy or other insolvency proceeding under Section 6(a) (collectively,
 the "Obligations") you hereby grant to Bank and each subsequent owner of any
 portion of the Loan a security interest in the following, whether existing now or in the
 future, and wherever located:

&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) all
 Merchant Receivables and all accounts and payment intangibles (as those terms are defined
 in the Uniform Commercial Code as in effect in the State of Utah) related thereto;

(ii) your
 Stripe Account and all funds held therein from time to time;

(iii) all
 proceeds of any of the aforementioned items; and

(iv) all
 business assets wherever located.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Stripe as Controller of Stripe Account.** As a result of the security interest you grant to Bank,
 as long as any portion of the Total Repayment Amount remains outstanding, your Stripe Account
 will be under the sole control of Stripe. Until a default under this Agreement occurs, Stripe
 allows you and your agents to withdraw funds from the Stripe Account.

(c) **Perfecting Security Interest.** Bank and each subsequent owner of any portion of the Loan hereby irrevocably
 appoints Stripe as its secured party representative with full power and authority on behalf
 of Bank to perfect the security interest in the collateral granted hereunder and to enforce
 Bank's rights and remedies with respect thereto, and Stripe accepts such appointment. Stripe,
 as secured party representative on behalf of Bank and each subsequent owner of any portion
 of the Loan, will have the exclusive rights to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Require
 that any bank or securities intermediary where any collateral is located to acknowledge Bank's
 security interest in and control of the collateral.

&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) Direct
 and provide instructions to such bank or securities intermediary as to the disposition of
 the account collateral to fulfill your obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In
 addition, you authorize us to file at any time (and from time to time) any financing statements
 describing the collateral set forth above, along with all amendments to financing statements,
 continuation financing statements, and all other documents and instruments, for the purpose
 of perfecting and maintaining the priority of Bank's security interest in such collateral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.** **Data Protection and Privacy** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Bank
 will use and care for your data in the manner described in the Celtic Bank Privacy Policy.
 Stripe will use and care for your data in the manner described in the Stripe Privacy Policy
 and Stripe Services Agreement.

(b) If
 you applied for your Loan as a Connected Account through Stripe Connect, you understand and
 agree that Stripe may share your Loan data (including data in connection with repayments,
 delinquencies, and defaults) with your Connect Platform.

(c) Stripe
 may share your business data and certain Personal Data, including the legal name of your
 business, the name of your representative, and your business address with Bank's successors
 and assigns, including investors who may receive the rights to payments of your loan. We
 may share your business data and certain Personal Data with also service providers to secure
 loans.

(a) By
 accepting these terms, you agree that Stripe may regularly send your business's loan
 repayment data and your contact information to the Small Business Financial Exchange (SBFE)
 to improve the accuracy of your business credit history for the benefit of future potential
 creditors of your business. You also agree that Stripe may regularly access your business
 credit history with SBFE. SBFE will use your data in accordance with their Privacy Policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.** **Termination and Default** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Termination of Agreement**. This Agreement will remain in effect until the entire Total Repayment Amount
 and all other obligations have been repaid in full, unless terminated under the terms of
 this section.

(b) **Events of Default**. We may determine that you are in default of this Agreement if you: (i) breach
 this Agreement (including any representation or covenant herein), (ii) do not repay your
 Minimum Payment Amounts owed when due, (iii) do not repay your Outstanding Balance when due,
 (iv) file for dissolution or bankruptcy; (v) misrepresent a fact in your Loan application,
 or use or maintain a Stripe Account using inaccurate or false information; or (vi) pose an
 unacceptable regulatory, reputational, or financial risk. You will pay any legal fees we
 incur and all other reasonable costs we incur while collecting amounts owed by you under
 this Agreement. Subject to applicable law, you agree that we have the right to set-off or
 recoup any amount you owe under this Agreement or any related claim against or from any amounts
 processed by Stripe under the terms of the Stripe Services Agreement.

(c) **Additional Rights upon Default**. If we determine you are in default of this Agreement, we may (i)
 initiate Repayment Acceleration, (ii) demand immediate repayment of the Outstanding Balance;
 (iii) debit any past due amounts from your Linked Bank Account; and/or (iv) temporarily or
 permanently increase your Repayment Rate. In addition to the foregoing, you agree to provide
 any information necessary to monitor your business activity, including bank statements and screenshots or copies of statements from any other payment
processors you may use for your business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If
 you do not repay your Outstanding Balance or Minimum Payment Amounts when due, we may enforce
 our rights solely against your business assets, including the security interests described
 in Section 6. Regardless of whether we enforce our rights against your business assets, your
 duty to repay your Loan and our enforcement rights remain unchanged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.** **Indemnification** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) You
 will, at your own expense, hold harmless, defend, protect, and indemnify us from and against
 all losses, claims, breaches, suits, damages, liabilities, costs, charges, reasonable attorneys'
 fees, judgments, fines, court costs and expenses, amounts paid in settlement, fees or expenses
 related to a bankruptcy or other insolvency proceeding, and all other liabilities of every
 nature, kind, and description regardless of the form of action or legal theory incurred by
 us, related to any action or threatened action, suit, claim, proceeding or regulatory action,
 regardless of merit brought by any third party against us caused or incurred by, resulting
 from, arising out of, or related to your: (i) material breach of any obligation, representation,
 warranty or covenant in this Agreement; (ii) any actual or alleged infringement, violation,
 or misappropriation of a third party's intellectual property or proprietary rights;
 (iii) gross negligence, fraud or intentional misconduct; or (iv) violation of applicable
 law.

(b) To
 the extent any amounts are owed to us pursuant to paragraph (a) of this Section 9, we shall
 have the right to (i) withhold Merchant Receivables, (ii) withdraw funds from your Stripe
 Account or Linked Bank Account, and/or (iii) temporarily or permanently increase your Repayment
 Rate until such amounts are paid in full. The rights listed in this paragraph are not exhaustive
 and we may seek other remedies or means of payment for any amounts owed to us.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.** **Your Stripe Account** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Effect of Stripe Ceasing to Withhold Loan Payments**. In the event that we are unable to withhold
 your Merchant Receivables or otherwise unable to debit your Linked Bank Account to repay
 your Loan, we may assign or transfer the servicing obligations of this Agreement, and our
 rights and remedies under this Agreement, without prior notice to you. If such a transfer
 is made, you agree:

&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) To
 make payments in the Minimum Payment Amount to the designated servicer on the Minimum Payment
 Due Date;

(ii) To
 comply with additional instructions and methods as provided by the new servicer;

(iii) To
 execute any necessary authorization in order for such payments to be made; and

(iv) That
 any new service provider is authorized to make any such debit to your Linked Bank Account,
 provided that such new service provider affords you with a reasonable notification of any
 alternative payment timing and instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.** **Representations and Warranties** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Merchant Representations and Warranties**. You represent and warrant that as of the Origination
 Date and until full repayment of the Total Repayment Amount:

&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) You
 are applying for credit solely for business purposes and not for personal, family or household
 use. Any credit extended under this Agreement, including the Loan Amount, is solely for business
 purposes and not for personal, family or household use. Additionally, your Linked Bank Account
 was not established primarily for personal, family, or household purposes.

(ii) You
 have the power and authority to enter into and perform Merchant's duties and obligations
 under this Agreement. You have any documents required to facilitate the transactions contemplated
 by this Agreement. You have taken all necessary action to authorize their respective execution
 and delivery of, and performance under, this Agreement. You are not a party to any contract
 or aware of any existing situation that would prevent you from entering into or performing
 your obligations under this Agreement.

(iii) The
 individual executing this Agreement is authorized on behalf of Merchant to do so, is at least
 18 years of age, and has the legal capacity and all necessary authority to bind Merchant
 to this Agreement.

(iv) Your
 Merchant Receivables (i) have not been sold as of the Origination Date, and (ii) are not
 subject to any claims, charges, liens, restrictions or security interests where the third
 party holding a security interest in Merchant Receivables is currently exercising its remedies.

(v) You
 possess and are in compliance with all permits, licenses, approvals, consents and any other
 authorizations necessary to conduct your business.

(vi) The
 execution of this Agreement will not conflict with (i) any applicable federal, state, or
 local laws or regulations, (ii) any agreements to which you are a party, and (iii) your articles
 or certificate of incorporation, bylaws, or other organizational documents.

(vii) You
 possess all requisite permits, authorizations and licenses to own, operate and lease your
 properties and to conduct the business in which it is presently engaged.

(viii) You
 have time and will timely file and pay all federal, state, local, and foreign tax returns
 and tax reports. All such returns and reports are and will be true, correct and complete.

(ix) You
 have no material liabilities that would prevent your ability to perform or satisfy your obligations
 under this Agreement and, to the best of your knowledge, know of no material contingent liabilities,
 except current liabilities incurred in the ordinary course of business, that would prevent
 your ability to perform or satisfy your obligations under this Agreement.

(x) Your
 performance under this Agreement does not and will not conflict with other agreements to
 which you are a party or beneficiary. Additionally, your performance under this Agreement
 will not result in (i) any violation or default of other agreements; (ii) any entitlement
 of any person or entity to receipt of notice or right of consent; (iii) a right of termination,
 cancellation, guaranteed rights or acceleration of any obligation or to loss of a benefit;
 or (iv) the creation of any claim on the properties or assets of Merchant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) There
 is no action, suit, claim, investigation, or legal, administrative, or arbitration proceeding
 pending or currently threatened (whether at law or in equity) or before any Governmental
 Authority against Merchant.

(xii) Merchant
 has not declared bankruptcy within the past seven years and is not currently contemplating
 the filing of a bankruptcy proceeding or closing or materially modifying Merchant's business.
 Merchant is solvent and financially capable of fulfilling its obligations under this Agreement.

(xiii) Merchant
 is validly existing and in good standing under any applicable laws of Merchant's state
 of organization.

(xiv) Merchant
 is in compliance with all statutes, rules, regulations, orders, or restrictions of all applicable
 Governmental Authorities.

(xv) You,
 your Principal Owners, and your employees are not currently and will not become subject to
 a U.S. Office of Foreign Asset Control list, or any law, regulation, or other list of any
 government agency that prohibits or limits us from providing Accounts or Cards to you or
 from otherwise conducting business with you.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12.** **Disputes and Governing Law** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Governing Law.** This Agreement, and any claims or controversies arising hereunder, are governed
 by Utah law, without regard to Utah's conflict of law principles.

(b) **Binding Individual Arbitration.** You, Bank, Stripe and any successors or assigns agree to arbitrate
 all disputes, claims and controversies arising out of or relating to statutory or common
 law claims, the breach, termination, enforcement, interpretation or validity of any provision
 of this Agreement (collectively a "Dispute"). Any Dispute will be determined
 by arbitration in Salt Lake City, Utah before a single arbitrator. The arbitration will be
 administered by the American Arbitration Association under its Commercial Arbitration Rules.
 The Expedited Procedures of the American Arbitration Association's Commercial Arbitration
 Rules will apply for cases in which no disclosed claim or counterclaim exceeds $75,000 (exclusive
 of interest, attorneys' fees and arbitration fees and costs). Where no party's
 claim exceeds $25,000 (exclusive of interest, attorneys' fees and arbitration fees
 and costs), and in other cases in which the parties agree, Section E-6 of the Expedited Procedures
 of the American Arbitration Association's Commercial Arbitration Rules will apply.
 The arbitrator will apply the substantive law of the State of Utah, exclusive of its conflict
 or choice of law rules. If the American Arbitration Association is no longer in business,
 or refuses or declines to administer any dispute between the parties brought before it, either
 party may petition the United States District Court for District of Utah to appoint the arbitrator.
 Nothing in this paragraph will preclude the parties from seeking provisional remedies in
 aid of arbitration from a court of appropriate jurisdiction. The parties acknowledge that
 this Agreement evidences a transaction involving interstate commerce. Notwithstanding the
 provisions in this paragraph referencing applicable substantive law, the Federal Arbitration
 Act (9 U.S.C. §§ 1-16) will govern any arbitration conducted pursuant to the terms
 of this Agreement.

(c) **Commencement.** Any party may commence arbitration by providing to the American Arbitration Association
 and the other party to the dispute a written demand for arbitration, setting forth the subject
 of the dispute and the relief requested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **Service of Process.** Each party hereby irrevocably and unconditionally consents to service of
 process through personal service at their corporate headquarters, registered address, or
 primary address (for individuals or sole proprietors). Nothing in this Agreement will affect
 the right of any party to serve process in any other manner permitted by Law.

(e) **Class Waiver.** To the fullest extent permitted by Law, each of the parties agrees that any dispute
 arising out of or in connection with this Agreement, whether in arbitration or in court,
 will be conducted only on an individual basis and not in a class, consolidated or representative
 action. If for any reason a claim or dispute proceeds in court rather than through arbitration,
 each party knowingly and irrevocably waives any right to trial by jury in any action, proceeding
 or counterclaim arising out of or relating to this Agreement or any of the transactions contemplated
 between the parties.

(f) **Provision of an Award.** Subject to the limitations of liability identified in this Agreement, the
 appointed arbitrators may award monetary damages and any other remedies allowed by the laws
 of the State of Utah. In making a determination, the arbitrator will not have the authority
 to modify any term or provision of this Agreement. The arbitrator will deliver a reasoned
 written decision with respect to the dispute (the "Award") to each party, who
 will promptly act in accordance with the Award. Any Award (including interim or final remedies)
 may be confirmed in or enforced by a state or federal court located in Salt Lake City, Utah.
 The decision of the arbitrator will be final and binding on the parties, and will not be
 subject to appeal or review.

(g) **Fees.** Each of you and us will advance one-half of the fees and expenses of the arbitrators,
 the costs of the attendance of the arbitration reporter at the arbitration hearing, and the
 costs of the arbitration facility. In any arbitration arising out of or related to this Agreement,
 the arbitrators will award to the prevailing party, if any, the costs and attorneys'
 fees reasonably incurred by the prevailing party in connection with those aspects of its
 claims or defenses on which it prevails, and any opposing awards of costs and legal fees
 awards will be offset.

(h) **Confidentiality.** The parties will maintain the confidential nature of the arbitration proceeding, the
 hearing and the Award, except (i) as may be necessary to prepare for or conduct the arbitration
 hearing on the merits, (ii) in connection with a court application as contemplated above
 for a preliminary remedy, or confirmation of an Award or its enforcement, (iii) our disclosure
 of the Award in confidential settlement negotiations, or (iv) as otherwise required by applicable
 Laws. The parties, witnesses, and arbitrator will treat as confidential and will not disclose
 to any third person (other than witnesses or experts) any documentary or other evidence produced
 in any arbitration hereunder, except as required by Law or except if such evidence was obtained
 from the public domain or was otherwise obtained independently from the arbitration.

(i) **Conflict of Rules.** In the case of a conflict between the provisions of this Section 12(i) and
 the rules governing arbitration identified above, the provisions of this Section 12(i) will
 prevail. If any provision of this Agreement to arbitrate is held invalid or unenforceable,
 it will be so held to the minimum extent required by Law and all the other provisions will
 remain valid and enforceable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13.** **Miscellaneous** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **Modifications; Amendments.** Any changes to these terms will be in writing and agreed to by the affected
 Party.

(b) **Assignment.** You may not assign or transfer your rights or obligations under this Agreement, but our
 rights (collectively or individually) may be assigned by us without restriction.

(c) **Notices.** Except as otherwise stated, notices to us may be sent to us via Stripe Support.

(d) **Severability.** If any provision of this Agreement is deemed invalid or unenforceable under any law,
 rule, or regulation, the remainder of the Agreement will remain in effect.

(e) **Complete Agreement.** This Agreement and the Stripe Services Agreement (as incorporated) represent
 the entire agreement between the Parties pertaining to the Loan.

(f) **Survival.** The obligations in Section 9 (Indemnification), 12 (Disputes and Governing Law), this
 Section 13 (Miscellaneous) will survive any expiration or termination of this Agreement.

(g) **Register.** You hereby appoint Stripe, on your behalf, for the purpose of maintaining a register
 or system in order to record the amount of the Outstanding Balance of the Loan (which will
 set forth the Loan Amount and the Fixed Fee on the Loan) and the name and address of any
 owner of the Loan (including any assignee or transferee, if any, who becomes the subsequent
 owner of any portion of the Loan) (the "**Register** "). The Parties hereto
 agree that the person(s) whose name and address is recorded in the Register as the current
 owner of the Loan is treated as the person entitled to the Outstanding Balance (which is
 comprised of the Loan Amount and the Fixed Fee on the Loan) of the Loan. The Register must
 be updated for any transfer of the right to receive any of the Outstanding Balance (which
 is comprised of the Loan Amount and Fixed Fee on the Loan) of the Loan to be effected.

(h) **No Waiver**. Your breach of any part of this Agreement will not affect our right to (a) enforce
 your promise to pay all amounts owed under this Agreement, or (b) use any remedy legally
 available to us.

(i) **Relationship of the Parties**. This Agreement supplements the Stripe Services Agreement. To the extent
 any terms of this Agreement conflict with the terms of the Stripe Services Agreement, the
 terms of this Agreement will prevail with respect to the Loan. Except as provided in this
 Agreement and with respect to the Loan, all terms and conditions of the Stripe Services Agreement
 remain in full force and effect.

(j) **Confidentiality**.
 This Agreement constitutes our confidential information, and you may not use or disclose
 this information without the Bank's prior written consent. Without limiting your general
 duty with respect to non-disclosure of the information, any non-disclosure obligations in
 the Stripe Services Agreement also apply to the information with respect to you and Stripe.

## Add

**Exhibit 6.16**

 

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT SUPPLEMENT |

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*This Business Loan and Security Agreement Supplement is part of (and incorporated by reference into) the Business Loan and Security Agreement. Borrower should keep this important legal document for Borrower's records.*

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| | |
|:---|:---|
| **ONDECK** <br> **TERM LOAN** <br> **DISCLOSURE** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*This Disclosure assumes that you will make minimum payments on your Loan on the date that the minimum payments are due, that you will not miss any payments, and that the Loan is paid off in its entirety according to the payment schedule.* |

---

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| | | |
|:---|:---|:---|
| **Total Amount of Funds Provided**<br> **$200,000.00** | **Total Amount of Funds Disbursed (minus fees withheld)**<sup>1</sup><br> **$200,000.00** | **Total of Payments**<br> **$263,799.90** |
| **Annual Percentage Rate (APR) 2** | <br> **APR: 38.39%** | APR is the cost of your financing expressed as a yearly rate. APR includes the amount and timing of the funding you receive, interest and fees you pay and the payments you make.<br>Your APR is not an interest rate. Your APR may be higher than your interest rate because APR incorporates interest costs and other finance charges. APR is not used to calculate your interest expense. |
| **Amount Given Directly to You** | **$200000.00** | This is the amount of funds that we estimate we will deposit into your Designated Bank Account. If may be less than the Disbursement Amount if any funds were used to make payments on your behalf to third party lenders or to pay off a prior balance with us. This amount may change between disclosure and funding if the amount needed to pay off a prior balance with us or a balance with a third-party changes. |

---

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| | | | |
|:---|:---|:---|:---|
| **Total Dollar Cost of Financing**<br> $63,799.90 | Cost of Capital | **$63799.90** | This is the total dollar cost of our financing. This amount represents the total amount of interest and fees that you would pay based on the assumptions described at the top of this disclosure. It does not include any avoidable fees, such as late fees or insufficient fund fees. |
| **Total Dollar Cost of Financing**<br> $63,799.90 | (Interest Expense): |  | This is the total dollar cost of our financing. This amount represents the total amount of interest and fees that you would pay based on the assumptions described at the top of this disclosure. It does not include any avoidable fees, such as late fees or insufficient fund fees. |
| **Total Dollar Cost of Financing**<br> $63,799.90 | Origination Fee: | **$0.00** | This is the total dollar cost of our financing. This amount represents the total amount of interest and fees that you would pay based on the assumptions described at the top of this disclosure. It does not include any avoidable fees, such as late fees or insufficient fund fees. |
| **Total Dollar Cost of Financing**<br> $63,799.90 | Other Fees: | **$0.00** | This is the total dollar cost of our financing. This amount represents the total amount of interest and fees that you would pay based on the assumptions described at the top of this disclosure. It does not include any avoidable fees, such as late fees or insufficient fund fees. |
| **Total Dollar Cost of Financing**<br> $63,799.90 | **Total Loan Cost:** | **$63799.90** | This is the total dollar cost of our financing. This amount represents the total amount of interest and fees that you would pay based on the assumptions described at the top of this disclosure. It does not include any avoidable fees, such as late fees or insufficient fund fees. |
| **Cents on the Dollar (*excluding fees*)** | Interest Expense: | **$63799.90** | This is the total amount of interest paid per dollar borrowed based on the assumptions made at the top of this disclosure. This amount is exclusive of fees. |
| **Cents on the Dollar (*excluding fees*)** | Loan Amount: | ÷ **$200,000.00** | This is the total amount of interest paid per dollar borrowed based on the assumptions made at the top of this disclosure. This amount is exclusive of fees. |
| **Cents on the Dollar (*excluding fees*)** | **Cents on the Dollar** | **31.9¢** | This is the total amount of interest paid per dollar borrowed based on the assumptions made at the top of this disclosure. This amount is exclusive of fees. |
| **Cents on the Dollar (*excluding fees*)** | **(*excluding fees*)**<sup>3</sup>**:** |  | This is the total amount of interest paid per dollar borrowed based on the assumptions made at the top of this disclosure. This amount is exclusive of fees. |

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| | | |
|:---|:---|:---|
| **Payments** | $3,382.05 / Weekly<br>Pursuant to your Business Loan and Security Agreement, payments will be debited from your account through the Lender's automatic payment plan. Payments can also be made via mail or phone as provided in Section 7 of your Business Loan and Security Agreement. | &nbsp;&nbsp;&nbsp; Your loan includes 78 payments of $3,382.05, due Weekly. Your payment frequency will remain throughout the term of your loan. Please refer to the payment description below for your specific payment frequency.<br>The maturity date of this Loan is the date the final payment is due in accordance with the Payment Schedule.<br>**Daily Payments** are due each Business day immediately following the date disbursement of the Disbursement Amount is initiated by the Lender.<br>**Weekly Payments** are due the same day each week as the day of the week disbursement of the Disbursement Amount is initiated by Lender (or the next Business day if such day is not a Business day) beginning 7 days after the Disbursement Amount is initiated. |

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| | | | |
|:---|:---|:---|:---|
| **Average Monthly Payment Amount** | Repayment Amount: | **$263799.90** | This is our estimate of your average monthly cost for comparison purposes. This estimate does not include fees and other charges you can avoid, such as late payment fees and returned payment fees. |
| **Average Monthly Payment Amount** | Term (in months): | ÷**18 Months** | This is our estimate of your average monthly cost for comparison purposes. This estimate does not include fees and other charges you can avoid, such as late payment fees and returned payment fees. |
| **Average Monthly Payment Amount** | **Average Monthly** |  | This is our estimate of your average monthly cost for comparison purposes. This estimate does not include fees and other charges you can avoid, such as late payment fees and returned payment fees. |
| **Average Monthly Payment Amount** | **Payment Amount:** | **$14655.55** | This is our estimate of your average monthly cost for comparison purposes. This estimate does not include fees and other charges you can avoid, such as late payment fees and returned payment fees. |

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| | | |
|:---|:---|:---|
| **Repayment Term** | 18 months | <br> This is the total repayment term of your Loan assuming you make minimum payments pursuant to the repayment schedule. |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Prepayment**<br>(See Section 10 of the Business Loan and Security Agreement for specific details) | If you pay off the financing early, you may still need to pay all or a portion of the Interest Expense. For your loan, the prepayment cost could be up to $47,849.93. *See* Section 10 of your BLSA and the "Prepayment, Renewal, and other Fees" section of the BLSA Supplement<br> If you pay off the financing early you will not pay additional fees. |

---

&nbsp;&nbsp;<sup>1</sup> The Total Amount of Funds Disbursed is the amount of capital that a business actually receives and may be less than the Loan Amount because of origination fees, broker fees, or other amounts paid using funds from the Loan Amount. The disbursement amount may be greater than the funds deposited in your bank account because it does not include certain payments made on your behalf, such as to pay off a prior loan with OnDeck, or to repay any third-party lender.<br> <sup>2</sup> APR is calculated here according to the principles of 12 C.F.R. § 1026 (Regulation Z), using 12 payment periods of equal length and 12 payment dates per year for monthly pay products, 52 payment periods of equal length and 52 payment dates per year for weekly pay products, and 252 payment dates per year for daily pay products.<br> <sup>3</sup>Your business may incur other fees that are not a condition of borrowing, such as late payment fees or returned payment fees<br>

 

Customer: RoboCent, Inc. V 19 <br>

 

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT SUPPLEMENT |

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| | |
|:---|:---|
| **CERTAIN DISCLOSURES** | **CERTAIN DISCLOSURES** |
| **Loan Pricing Disclosure** | Lender uses a system of risk-based pricing to determine interest charges and fees. Risk-based pricing is a system that evaluates the risk factors of your application and adjusts the interest rate up or down based on this risk evaluation. Although Lender believes that its loan process provides expedited turnaround time and efficient access to capital, this loan may be a higher cost loan than loans that may be available through other lenders. |
| **Loan For Specific Purposes Only** | The proceeds of the requested Loan may solely be used for the specific purposes as set forth in the Use of Proceeds Certification of the Business Loan and Security Agreement. IN ADDITION, THE LOAN WILL NOT BE USED FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES. Borrower understands that Borrower's agreement not to use the Loan proceeds for personal, family or household purposes means that certain important duties imposed upon entities making loans for consumer/personal purposes, and certain important rights conferred upon consumers, pursuant to federal or state law will not apply to this transaction. |

---

Customer: RoboCent, Inc. V 19 <br>

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT SUPPLEMENT |

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| | |
|:---|:---|
| **YOUR LOAN DETAILS** | **YOUR LOAN DETAILS** |
| **Borrower:** | **RoboCent, Inc.** |
| **Lender:** | **ODK Capital, LLC** |
| **Loan Amount:** | **$200000.00** |
| **Origination Fee:**<br> (Deducted at time of disbursement) | **$0.00** |
| **Disbursement Amount:**<br> (Loan Amount less Origination Fee)<br> Note that the Disbursement Amount may not be the amount deposited to your Designated Checking Account. The amount that will be deposited to your Designated Checking Account will be reduced by any amounts owed to Lender from a prior loan or used to pay off an amount owed to a third party lender. | **$200000.00** |
| **Weekly Payment Amount:** (Business days only) <br>**Number of Weekly Payments:** (Business days only) <br>**Payment Schedule:**<br>"Business day" means any Monday through Friday<br> except for Federal Reserve holidays. | **$3,382.05**<br>**78**<br>**78**payments of $3,382.05 due (i) in the case of loans with a Daily Payment Amount, each Business day immediately following the date disbursement of the Disbursement Amount is initiated by Lender, (ii) in the case of loans with a Weekly Payment Amount, the same day each week as the day of the week disbursement of the Disbursement Amount is initiated by Lender (or the next Business day if such day is not a Business day) beginning seven days after the Disbursement Amount is initiated or (iii) in the case of loans with a Monthly Payment Amount, on the 26th day of the month (or the next Business day if such day is not a Business day) beginning with the calendar month the Disbursement Amount is initiated, except if the disbursement of the Disbursement Amount is initiated by Lender after the 19th day of the month, then the payment amount is due on the 26th day of each month (or the next Business Day if such day is not a Business Day) beginning with the calendar month after the Disbursement Amount is initiated. The maturity date of this Loan is the date the final payment is due in accordance with the Payment Schedule. |
| **Total Interest Expense:**<br> (Does not include any Fees) | **$63799.90** |
| **Total Repayment Amount:**<br> (Loan Amount <u>plus</u> Total Interest Expense) | **$263799.90** |

---

Customer: RoboCent, Inc. V 19 <br>

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT SUPPLEMENT |

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| | |
|:---|:---|
| **PREPAYMENT, RENEWAL, AND OTHER FEES** | **PREPAYMENT, RENEWAL, AND OTHER FEES** |
| **Prepayment:**<br> (See Section 10 of the Business Loan and Security Agreement for specific details) | A "Prepayment Interest Reduction Percentage" of 25% (with respect to unpaid interest remaining on this Loan) will be applied to the extent that the Borrower prepays this Loan in whole in accordance with, and subject to, Section 10 of the Business Loan and Security Agreement. Note that 75% of remaining unpaid interest will still be due upon Prepayment in whole. You should keep in mind that partial prepayments will not reduce the Total Interest Expense. |
| **Renewals:** | Remaining unpaid interest on this Loan will be eligible to be forgiven by Lender if: (i) Borrower is current on its scheduled payments with respect to this Loan and, (ii) while this Loan is outstanding, Borrower enters into a business loan and security agreement for a new qualifying term loan with Lender, a portion of the proceeds of which is used to repay this Loan in whole. |
| **Other Fees:** | Returned Payment Fee: **$25.00**<br>Late Fee: **$10.00** (maximum $50 within any 20 day period) |

---

 

If you have any questions, please call us at 1.888.556.3483 (we have support available Monday - Friday 8am - 6pm CST or email <u>customerservice@ondeck.com</u>.

Customer: RoboCent, Inc. V 19 <br>

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**1. INTRODUCTION.** This Business Loan and Security Agreement (together with the accompanying Business Loan and Security Agreement Supplement and the accompanying Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits), this "Agreement") governs your business loan ("Loan") from ODK Capital, LLC. Please read it and keep it for your reference. In this Agreement, the words "you," "your" and "Borrower" mean the Borrower identified on the signature page of this Business Loan and Security Agreement. Each guarantor identified on the signature page of this Business Loan and Security Agreement shall be referred to individually as "Guarantor" and collectively as "Guarantors" in this Agreement. The words "OnDeck", "Lender", "we", "us", and "our" mean ODK Capital, LLC or its successor(s) and assign(s).

**2. EFFECTIVE DATE.** This Agreement begins on the date we accept this Agreement in Utah, which is the date of our signature on the signature page of the Agreement. Borrower understands and agrees that Lender may postpone, without penalty, the disbursement of amounts to Borrower until all required security interests have been perfected and Lender has received all required personal guarantees or other documentation.

**3. AUTHORIZATION.** Borrower agrees that the Loan made by Lender to Borrower shall be conclusively deemed to have been authorized by Borrower and to have been made pursuant to a duly authorized request on its behalf.

4. LOAN FOR SPECIFIC PURPOSES ONLY. <u>The proceeds of the requested Loan may solely be used for the specific purposes as set forth in the Use of Proceeds Certification contained in Section 50 below, and not for any other purposes.</u> In addition, the Loan will not be used for personal, family or household purposes, and Borrower and Guarantors are forever estopped from taking the position that such Loan (including Advances) are or were used for such personal, family or household purposes. Borrower understands that Borrower's agreement not to use the Loan proceeds for personal, family or household purposes means that certain important duties imposed upon entities making loans for personal, family or household purposes, and certain important rights conferred upon such persons, pursuant to federal or state law will not apply to the Loan or the Agreement. Borrower also understands that Lender will be unable to confirm whether the use of the Loan conforms to this section. Borrower agrees that a breach by Borrower of the provisions of this section will not affect Lender's right to (i) enforce Borrower's promise to pay for all amounts owed under this Agreement, regardless of the purpose for which the Loan is in fact obtained or (ii) use any remedy legally available to Lender, even if that remedy would not have been available had the Loan been made for personal, family or household purposes.

**5. DISBURSEMENT OF LOAN PROCEEDS AND MAINTENANCE OF BORROWER'S BANK ACCOUNT.** If Borrower applied and was approved for a Loan, Borrower's Loan will be disbursed upon approval as provided in the accompanying Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits). Borrower agrees to maintain Direct Payments (ACH Debits) in its operating account which is the account that was reviewed in conjunction with underwriting and approval of this Loan (including keeping such account open until the Total Repayment Amount had been completely repaid). Borrower agrees that the Loan made by Lender to Borrower may not be returned except at Lender's sole discretion.

**6. PROMISE TO PAY.** Borrower agrees to pay Lender the Total Repayment Amount shown in the accompanying Business Loan and Security Agreement Supplement in accordance with the Payment Schedule shown in the accompanying Business Loan and Security Agreement Supplement or pursuant to any modification of the Payment Schedule by Lender. Borrower agrees to enroll in Lender's Automatic Payment Plan and authorizes Lender to collect required payments as provided in the accompanying Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits). If required by Lender, Borrower further agrees and authorizes Lender or its servicer to collect required payments from a transfer account established pursuant to certain Transfer Account Loan Documentation that will be provided by Lender in connection with this Business Loan and Security Agreement if applicable.

Customer: RoboCent, Inc. V 19 <br>

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**7. ALTERNATIVE PAYMENT METHODS.** If Borrower knows that for any reason Lender will be unable to process a payment under Lender's Automatic Payment Plan, then Borrower must either restore sufficient funds such that the missed payment can be collected as provided in the accompanying Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits), or promptly mail or deliver a check payable to ODK Capital, LLC in the amount of the missed payment or, if offered, make the missed payment by any pay-by-phone or on-line service that Lender may make available from time to time. If Borrower elects to send payments on Borrower's Account by postal mail, then Borrower agrees to send such payments to OnDeck, 4700 W. Daybreak Pkwy., Suite 200, South Jordan, UT 84009, Attn: Director of Operations. All alternative payments must be made in good funds by check, money order, wire transfer, automatic transfer from an account at an institution offering such service, or other instrument in U.S. Dollars. Borrower understands and agrees that payments made at any other address than as specified by Lender may result in a delay in processing and/or crediting. If Borrower makes an alternative payment on Borrower's Loan by mail or by any pay-by-phone or on-line service that Lender makes available while Borrower is enrolled in the Automatic Payment Plan, Lender may treat such payment as an additional payment and continue to process Borrower's scheduled Automatic Payment Plan payments or may reduce any scheduled Automatic Payment Plan payment by the amount of any such additional payment received.

**8. APPLICATION OF PAYMENTS.** Subject to applicable law, Lender reserves the right to allocate and apply payments received on Borrower's Loan between principal, interest and fees in any manner Lender chooses in Lender's sole discretion it being understood and agreed that any fees and interest will generally be paid during the earlier portion of the term.

**9. POSTDATED CHECKS, RESTRICTED ENDORSEMENT CHECKS AND OTHER DISPUTED OR QUALIFIED PAYMENTS.** Lender can accept late, postdated or partial payments without losing any of Lender's rights under this Agreement (a postdated check is a check dated later than the day it was actually presented for payment). Lender is under no obligation to hold a postdated check and Lender reserves the right to process every item presented as if dated the same date received by Lender or Lender's check processor unless Borrower gives Lender adequate notice and a reasonable opportunity to act on it. Except where such notice and opportunity is given, Borrower may not hold Lender liable for depositing any postdated check. **Borrower agrees not to send Lender partial payments marked "paid in full," "without recourse," or similar language. If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Agreement. All notices and written communications concerning postdated checks, restricted endorsement checks (including any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount) or any other disputed, nonconforming or qualified payments, must be mailed or delivered to OnDeck, Client Service, 4700 W. Daybreak Pkwy., Suite 200, South Jordan, UT 84009, Attn: Director of Operations.**

**10. PREPAYMENT.** Borrower may prepay Borrower's Loan in whole on any Business day by paying Lender the sum total of the Total Repayment Amount, any Returned Payment Fees, and any Late Fees, in each case as described in the accompanying Business Loan and Security Agreement Supplement less (i) the amount of any Loan payments made prior to such prepayment and (ii) the product of (x) the percentage identified as the applicable Prepayment Interest Reduction Percentage in the accompanying Business Loan and Security Agreement Supplement; and (y) the aggregate amount of unpaid interest remaining on the Borrower's Loan as of such date as determined by Lender's records in accordance with Section 8. Borrower may prepay Borrower's Loan in part on any Business day and such payment shall be applied against the Total Repayment Amount, any Returned Payment Fees, and any Late Fees, in each case as described in the accompanying Business Loan and Security Agreement Supplement.

Customer: RoboCent, Inc. V 19 <br>

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| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**11. SECURITY INTEREST**. Borrower hereby grants to Lender, the secured party hereunder, a continuing security interest in and to any and all "Collateral" as described below to secure payment and performance of all debts, liabilities and obligations of Borrower to Lender hereunder and also any and all other debts, liabilities and obligations of Borrower to Lender of every kind and description, direct or indirect, absolute or contingent, primary or secondary, due or to become due, now existing or hereafter arising, related to the Loan described in this Agreement, whether or not contemplated by the parties at the time of the granting of this security interest, regardless of how they arise or by what agreement or instrument they may be evidenced or whether evidenced by any agreement or instrument, and includes obligations to perform acts and refrain from taking action as well as obligations to pay money including, without limitation, all interest, other fees and expenses (all hereinafter called "Obligations"). The Collateral includes the following property that Borrower (or Guarantor, if applicable, pursuant to Section 12) now owns or shall acquire or create immediately upon the acquisition or creation thereof: (i) any and all amounts owing to Borrower now or in the future from any merchant processor(s) processing charges made by customers of Borrower via credit card or debit card transactions; and (ii) all other tangible and intangible personal property, including, but not limited to (a) cash and cash equivalents, (b) inventory, (c) equipment, (d) investment property, including certificated and uncertificated securities, securities accounts, security entitlements, commodity contracts and commodity accounts, (e) instruments, including promissory notes (f) chattel paper, including tangible chattel paper and electronic chattel paper, (g) documents, (h) letter of credit rights, (i) accounts, including health-care insurance receivables, (j) deposit accounts, (k) commercial tort claims, (l) general intangibles, including payment intangibles and software and (m) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code. The security interest Borrower (or Guarantor, if applicable, pursuant to Section 12) grants includes all accessions, attachments, accessories, parts, supplies and replacements for the Collateral, all products, proceeds and collections thereof and all records and data relating thereto. Lender disclaims any security interest in household goods in which Lender is forbidden by law from taking a security interest.

**12. PROTECTING THE SECURITY INTEREST.** Borrower agrees that Lender and/or Lender's Representative may file any financing statement, lien entry form or other document Lender and/or Lender's Representative requires in order to perfect, amend or continue Lender's security interest in the Collateral and Borrower agrees to cooperate with Lender and Lender's Representative as may be necessary to accomplish said filing and to do whatever Lender and Lender's Representative deems necessary to protect Lender's security interest in the Collateral. Borrower and Guarantor each agree that, if any Guarantor is a corporate entity, then Lender or Lender's Representative may file any financing statement, lien entry form or other document against such Guarantor or its property that Lender and/or Lender's Representative requires in order to perfect, amend or continue Lender's security interest in the Collateral. Any such Guarantor agrees to cooperate with Lender and Lender's Representative as may be necessary to accomplish said filing and to do whatever Lender or Lender's Representative deems necessary to protect Lender's security interest in the Collateral. In this Agreement, "Lender's Representative" means any entity or individual that is designated by Lender to serve in such capacity.

**13. LOCATION OF COLLATERAL; TRANSACTIONS INVOLVING COLLATERAL.** Unless Lender has agreed otherwise in writing, Borrower agrees and warrants that (i) all Collateral (or records of the Collateral in the case of accounts, chattel paper and general intangibles) shall be located at Borrower's address as shown in the application, (ii) except for inventory sold or accounts collected in the ordinary course of Borrower's business, Borrower shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral, (iii) no one else has any interest in or claim against the Collateral that Borrower has not already told Lender about, (iv) Borrower shall not pledge, mortgage, encumber or otherwise permit the Collateral to be subject to any lien, security interest, encumbrance or charge, other than the security interest provided for in this Agreement and (v) Borrower shall not sell, offer to sell, or otherwise transfer or dispose of the Collateral for less than the fair market value thereof. Borrower shall defend Lender's rights in the Collateral against the claims and demands of all other persons. All proceeds from any unauthorized disposition of the Collateral shall be held in trust for Lender, shall not be co-mingled with any other funds and shall immediately be delivered to Lender. This requirement, however, does not constitute consent by Lender to any such disposition.

**14. TAXES, ASSESSMENTS AND LIENS.** Borrower will complete and file all necessary federal, state and local tax returns and will pay when due all taxes, assessments, levies and liens upon the Collateral and provide evidence of such payments to Lender upon request.

**15. INSURANCE.** Borrower shall procure and maintain such insurance as Lender may require with respect to the Collateral, in form, amounts and coverage reasonably acceptable to Lender and issued by a company reasonably acceptable to Lender naming Lender as loss payee. If Borrower at any time fails to obtain or maintain any insurance as required under this Agreement, Lender may obtain such insurance as Lender deems appropriate at Borrower's sole cost and expense. Borrower shall promptly notify Lender of any loss of or damage to the Collateral.

**16. REPAIRS AND MAINTENANCE.** Borrower agrees to keep and maintain, and to cause others to keep and maintain, the Collateral in good order, repair and condition at all times while this Agreement remains in effect. Borrower further agrees to pay when due all claims for work done on, or services rendered or material furnished in connection with the Collateral so that no lien or encumbrance may ever attach to or be filed against the Collateral.

Customer: RoboCent, Inc. V 19 <br>

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| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**17. INSPECTION OF COLLATERAL AND PLACE OF BUSINESS; USE OF PHOTOGRAPHS AND TESTIMONIALS.** Lender and Lender's designated representatives and agents shall have the right during Borrower's normal business hours and at any other reasonable time to examine the Collateral wherever located and the interior and exterior of any Borrower place of business. To the extent that Lender or Lender's designated representatives choose to examine Borrower's assets and place of business outside of normal business hours, Lender shall give Borrower reasonable notice, which shall be at least five business days, prior to the date of inspection. Borrower shall cooperate with Lender in making its assets and place of business available for inspection. During an examination of any Borrower place of business, Lender may examine, among other things, whether Borrower (i) has a place of business that is separate from any personal residence, (ii) is open for business, (iii) has sufficient inventory to conduct Borrower's business and (iv) has one or more credit card terminals if Borrower processes credit card transactions. When performing an examination, Lender may photograph the interior and exterior of any Borrower place of business, including any signage, and may photograph any individual who has signed the Agreement ("Signatory") unless the Signatory previously has notified Lender that he or she does not authorize Lender to photograph the Signatory. Lender may obtain testimonials from any Signatory, including testimonials on why Borrower needed the Loan and how the Loan has helped Borrower. Any photograph and testimonial will become and remain the sole property of Lender. Borrower and each Signatory grant Lender the irrevocable and permanent right to display and share any photograph and testimonial in all forms and media, including composite and modified representations, for all purposes, including but not limited to any trade or commercial purpose, with any Lender employees and agents and with the general public. Lender may, but is not required to, use the name of any Borrower and Signatory as a credit in connection with any photograph and testimonial. Borrower and each Signatory waive the right to inspect or approve versions of any photograph or testimonial or the written copy or other media that may be used in connection with same. Borrower and each Signatory release Lender from any claims that may arise regarding the use of any photograph or testimonial, including any claims of defamation, invasion of privacy or infringement of moral rights, rights of publicity or copyright.

**18. LENDER'S EXPENDITURES.** If any action or proceeding is commenced that would materially affect Lender's interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any related documents, including but not limited to Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any related documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on the Collateral and paying all costs for insuring, maintaining and preserving the Collateral. To the extent permitted by applicable law, all such expenses will become a part of the Obligations and, at Lender's option, will: (i) be payable on demand; (ii) be added to the balance of the Loan and be apportioned among and be payable with any installment payments to become due during the remaining term of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the Loan's maturity. Such right shall be in addition to all other rights and remedies to which Lender may be entitled upon an Event of Default.

**19. BORROWER'S REPRESENTATIONS AND WARRANTIES.** Borrower represents and warrants that: (i) Borrower will comply with all laws, statutes, regulations and ordinances pertaining to the conduct of Borrower's business and promises to hold Lender harmless from any damages, liabilities, costs, expenses (including attorneys' fees) or other harm arising out of any violation thereof; (ii) Borrower's principal executive office and the office where Borrower keeps its records concerning its accounts, contract rights and other property, is that shown in the application; (iii) Borrower is duly organized, licensed, validly existing and in good standing under the laws of its state of formation and shall hereafter remain in good standing in that state, and is duly qualified, licensed and in good standing in every other state in which it is doing business, and shall hereafter remain duly qualified, licensed and in good standing in every other state in which it is doing business, and shall hereafter remain duly qualified, licensed and in good standing in every other state in which the failure to qualify or become licensed could have a material adverse effect on the financial condition, business or operations of Borrower; (iv) the true and correct legal name of the Borrower is set forth in the application; (v) the aggregate ownership percentage of the Signatories is greater than or equal to fifty percent (50%) of the Borrower's business; (vi) the execution, delivery and performance of this Agreement, and any other document executed in connection herewith, are within Borrower's powers, have been duly authorized, are not in contravention of law or the terms of Borrower's charter, by-laws or other constating documents, or of any indenture, agreement or undertaking to which Borrower is a party; (vii) all constating documents and all amendments thereto of Borrower have been duly filed and are in proper order and any capital stock issued by Borrower and outstanding was and is properly issued and all books and records of Borrower are accurate and up to date and will be so maintained; (viii) Borrower (a) is subject to no charter, corporate or other legal restriction, or any judgment, award, decree, order, governmental rule or regulation or contractual restriction that could have a material adverse effect on its financial condition, business or prospects, and (b) is in compliance with its charter, by-laws and other constating documents, all contractual requirements by which it may be bound and all applicable laws, rules and regulations other than laws, rules or regulations the validity or applicability of which it is contesting in good faith or provisions of any of the foregoing the failure to comply with which cannot reasonably be expected to materially adversely affect its financial condition, business or prospects or the value of the Collateral; (ix) there is no action, suit, proceeding or investigation pending or, to Borrower's knowledge, threatened against or affecting it or any of its assets before or by any court or other governmental authority which, if determined adversely to it, would have a material adverse effect on its financial condition, business or prospects or the value of the Collateral; (x) all information provided by Borrower and/or Guarantor as part of the application process for the Loan was true and complete; (xi) Borrower does not intend to file for reorganization or liquidation under the bankruptcy or reorganization laws of any jurisdiction within 6 months of the date hereof; and (xii) Borrower is not presently insolvent within the meaning of the Uniform Commercial Code as well as the United States Bankruptcy Code.

Customer: RoboCent, Inc. V 19 <br>

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| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**20. INTEREST AND FEES.** Borrower agrees to pay in full the interest set forth in the accompanying Business Loan and Security Agreement Supplement. In addition to any other fees described in the Agreement, Borrower agrees to pay the following fees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. <u>Origination Fee</u>: A one-time Origination Fee in the amount set forth in the accompanying Business Loan and Security Agreement Supplement. Borrower agrees that this fee will be immediately deducted from the proceeds of Borrower's Loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. <u>Returned Payment Fee</u>: A Returned Payment Fee in the amount set forth in the accompanying Business Loan and Security Agreement Supplement if any electronic payment processed on Borrower's Loan is returned unpaid or dishonored for any reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. <u>Late Fee</u>: A Late Fee in the amount set forth in the accompanying Business Loan and Security Agreement Supplement if a scheduled payment is not received by Lender as provided in the payment schedule set forth in the accompanying Business Loan and Security Agreement Supplement.

Payments made by Borrower hereunder will be applied and allocated between Loan principal, interest and fees in the manner set forth in Section 8.

**21. INTEREST AND FEES EXCEEDING PERMITTED LIMIT**. If the Loan is subject to a law that sets maximum charges, and that law is finally interpreted so that the interest or other fees collected or to be collected in connection with this Agreement exceed the permitted limits, then (i) any such charge will be reduced by the amount necessary to reduce the charge to the permitted limit and (ii) if required by applicable law, any sums already collected from Borrower that exceed the permitted limits will be refunded or credited to Borrower.

**22. ONLINE CUSTOMER PORTAL**. When Borrower signs in with Borrower's valid username and password at loans.ondeck.com, Borrower can obtain information about the Borrower's Loan, such as the outstanding balance, daily transactions and fees. No additional paper statement will be mailed to Borrower. Borrower agrees not to share Borrower's username and password to loans.ondeck.com with any third party.

**23. FINANCIAL INFORMATION AND REEVALUATION OF CREDIT.** Borrower and each Guarantor (if any) authorize Lender to obtain business and personal credit bureau reports in Borrower's and any Guarantor's name, respectively, at any time and from time to time for purposes of deciding whether to approve the requested Loan or for any update, renewal, extension of credit or other lawful purpose. Upon Borrower's or any Guarantor's request, Lender will advise Borrower or Guarantor if Lender obtained a credit report and Lender will give Borrower or Guarantor the credit bureau's name and address. Borrower and each Guarantor (if any) agree to submit current financial information, a new credit application, or both, in Borrower's name and in the name of each Guarantor, respectively, at any time promptly upon Lender's request. Borrower authorizes Lender to act as Borrower's agent for purposes of accessing and retrieving transaction history information regarding Borrower from Borrower's designated merchant processor(s). Lender may report Lender's credit experiences with Borrower and any Guarantor of Borrower's Loan to third parties as permitted by law, including with respect to any Guarantor to consumer credit reporting agencies. Borrower also agrees that Lender may release information to comply with governmental reporting or legal process that Lender believes may be required, whether or not such is in fact required, or when necessary or helpful in completing a transaction, or when investigating a loss or potential loss. Borrower and each Guarantor is hereby notified that a negative credit report reflecting on Borrower's and/or any Guarantor's credit record may be submitted to a credit reporting agency (including with respect to any Guarantor to consumer credit reporting agencies) if Borrower or such Guarantor fails to fulfill the terms of their respective credit obligations hereunder. Guarantor acknowledges that any credit reporting on the Loan shall be at the sole discretion of Lender (subject to applicable law) and that Lender has the right to report the Loan to Guarantor's personal credit file should Guarantor not pay any Obligation pursuant to the guaranty set forth in this Agreement.

Customer: RoboCent, Inc. V 19 <br>

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| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**24. ATTORNEYS' FEES AND COLLECTION COSTS.** To the extent not prohibited by applicable law and except as provided in Section 33, Borrower shall pay to Lender on demand any and all expenses, including, but not limited to, collection costs, all attorneys' fees and expenses, and all other expenses of like or unlike nature which may be expended by Lender to obtain or enforce payment of Obligations either as against Borrower or any guarantor or surety of Borrower or in the prosecution or defense of any action or concerning any matter arising out of or connected with the subject matter of this Agreement, the Obligations or the Collateral or any of Lender's rights or interests therein or thereto, including, without limiting the generality of the foregoing, any counsel fees or expenses incurred in any bankruptcy or insolvency proceedings and all costs and expenses (including search fees) incurred or paid by Lender in connection with the administration, supervision, protection or realization on any security held by Lender for the debt secured hereby, whether such security was granted by Borrower or by any other person primarily or secondarily liable (with or without recourse) with respect to such debt, and all costs and expenses incurred by Lender in connection with the defense, settlement or satisfaction of any action, claim or demand asserted against Lender in connection therewith, which amounts shall be considered advances to protect Lender's security, and shall be secured hereby. To the extent permitted by applicable law, all such expenses will become a part of the Obligations and, at Lender's option, will: (i) be payable on demand; (ii) be added to the balance of the Loan and be apportioned among and be payable with any installment payments to become due during the remaining term of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the Loan's maturity. Such right shall be in addition to all other rights and remedies to which Lender may be entitled upon an Event of Default.

**25. BORROWER'S REPORTS.** Promptly upon Lender's written request, Borrower and each Guarantor agrees to provide Lender with such information about the financial condition and operations of Borrower or any Guarantor, as Lender may, from time to time, reasonably request. Borrower also agrees promptly upon becoming aware of any Event of Default, or the occurrence or existence of an event which, with the passage of time or the giving of notice or both, would constitute an Event of Default hereunder, to promptly provide notice thereof to Lender in writing.

**26. TELEPHONE COMMUNICATIONS.** Borrower and Guarantors hereby expressly consent to receiving calls and messages, including auto-dialed and pre-recorded message calls and SMS messages (including text messages) from Lender, its affiliates, marketing partners, agents and others calling at Lender's request or on its behalf, at any telephone numbers that Borrower and/or Guarantors have provided or may provide in the future or otherwise in Lender's possession (including any cellular or mobile telephone numbers). Borrower and Guarantor agree that such communications may be initiated using an automated telephone dialing system.

**27. INDEMNIFICATION.** Except for Lender's gross negligence or willful misconduct, Borrower will indemnify and hold Lender harmless from all losses, costs, damages, liabilities or expenses (including, without limitation, court costs and reasonable attorneys' fees) that Lender may sustain or incur by reason of defending or protecting Lender's security interest or the priority thereof or enforcing the Obligations, or in the prosecution or defense of any action or proceeding concerning any matter arising out of or in connection with this Agreement and/or any other documents now or hereafter executed in connection with this Agreement and/or the Obligations and/or the Collateral. This indemnity shall survive the repayment of the Obligations and the termination of this Agreement.

**28. MERGERS, CONSOLIDATIONS OR SALES**. Borrower represents and agrees that Borrower will not (i) merge or consolidate with or into any other business entity or (ii) enter into any joint venture or partnership with any person, firm, corporation, or other entity. Borrower further agrees not to alter its ownership without prior written permission from Lender.

**29. CHANGE IN LEGAL STATUS**. Without Lender's consent, Borrower represents and agrees that Borrower will not (i) change its name, its place of business or, if more than one, chief executive office, its mailing address, or organizational identification number if it has one, or (ii) change its type of organization, jurisdiction of organization or other legal structure. If Borrower does not have an organizational identification number and later obtains one, Borrower shall promptly notify Lender of such taxpayer identification number.

Customer: RoboCent, Inc. V 19 <br>

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| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**30. DEFAULT.** The occurrence of any one or more of the following events (herein, "Events of Default") shall constitute, without notice or demand, a default under this Agreement and all other agreements between Lender and Borrower and instruments and papers given Lender by Borrower, whether such agreements, instruments, or papers now exist or hereafter arise: (i) Lender is unable to collect any Automatic Payment Plan payment on two consecutive dates due and/or, Borrower fails to pay any Obligations on two consecutive dates due; (ii) Borrower fails to comply with, promptly, punctually and faithfully perform or observe any term, condition or promise within this Agreement; (iii) the determination by Lender that any representation or warranty heretofore, now or hereafter made by Borrower to Lender, in any documents, instrument, agreement, application or paper was not true or accurate when given; (iv) the occurrence of any event such that any indebtedness of Borrower from any lender other than Lender could be accelerated, notwithstanding that such acceleration has not taken place; (v) the occurrence of any event that would cause a lien creditor, as that term is defined in Section 9-102 of the Uniform Commercial Code, (other than Lender) to take priority over the Loan made by Lender; (vi) a filing against or relating to Borrower (unless consented to in writing by Lender) of (a) a federal tax lien in favor of the United States of America or any political subdivision of the United States of America, or (b) a state tax lien in favor of any state of the United States of America or any political subdivision of any such state; (vii) the occurrence of any event of default under any other agreement between Lender and Borrower or instrument or paper given Lender by Borrower, whether such agreement, instrument, or paper now exists or hereafter arises (notwithstanding that Lender may not have exercised its rights upon default under any such other agreement, instrument or paper); (viii) any act by, against, or relating to Borrower, or its property or assets, which act constitutes the application for, consent to, or sufferance of the appointment of a receiver, trustee or other person, pursuant to court action or otherwise, over all, or any part of Borrower's property; (ix) the granting of any trust mortgage or execution of an assignment for the benefit of the creditors of Borrower, or the occurrence of any other voluntary or involuntary liquidation or extension of debt agreement for Borrower; (x) the failure by Borrower to generally pay the debts of Borrower as they mature; (xi) adjudication of bankruptcy or insolvency relative to Borrower or any Guarantor; (xii) the entry of an order for relief or similar order with respect to Borrower or any Guarantor in any proceeding pursuant to Title 11 of the United States Code entitled "Bankruptcy" (the "Bankruptcy Code") or any other federal bankruptcy law; (xiii) the filing of any complaint, application or petition by or against Borrower initiating any matter in which Borrower is or may be granted any relief from the debts of Borrower pursuant to the Bankruptcy Code or any other insolvency statute or procedure; (xiv) the calling or sufferance of a meeting of creditors of Borrower; (xv) the meeting by Borrower with a formal or informal creditor's committee; (xvi) the offering by or entering into by Borrower of any composition, extension or any other arrangement seeking relief or extension for the debts of Borrower, or the initiation of any other judicial or non-judicial proceeding or agreement by, against or including Borrower that seeks or intends to accomplish a reorganization or arrangement with creditors; (xvii) the entry of any judgment against Borrower, which judgment is not satisfied or appealed from (with execution or similar process stayed) within 15 days of its entry; (xviii) the occurrence of any event or circumstance with respect to Borrower or any Guarantor such that Lender shall believe in good faith that the prospect of payment of all or any part of the Obligations or the performance by Borrower under this Agreement or any other agreement between Lender and Borrower is impaired or there shall occur any material adverse change in the business or financial condition of Borrower (such event specifically includes, but is not limited to, taking additional financing from a credit card advance, cash advance company or an additional working capital loan without the prior written consent of Lender); (xix) the entry of any court order that enjoins, restrains or in any way prevents Borrower from conducting all or any part of its business affairs in the ordinary course of business; (xx) the occurrence of any uninsured loss, theft, damage or destruction to any material asset(s) of Borrower; (xxi) any act by or against, or relating to Borrower or its assets pursuant to which any creditor of Borrower seeks to reclaim or repossess or reclaims or repossesses all or a portion of Borrower's assets; (xxii) the termination of existence, dissolution or liquidation of Borrower or the ceasing to carry on actively any substantial part of Borrower's current business; (xxiii) this Agreement shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect or shall be declared null and void, or the validity or enforceability hereof shall be contested by Borrower or any guarantor of Borrower denies it has any further liability or obligation hereunder; (xxiv) any guarantor or person signing a support agreement in favor of Lender shall repudiate, purport to revoke or fail to perform his or her obligations under his guaranty or support agreement in favor of Lender or any corporate guarantor shall cease to exist; (xxv) any material change occurs in Borrower's ownership or organizational structure (acknowledging that any change in ownership will be deemed material when ownership is closely held); (xxvi) if Borrower is a sole proprietorship, the owner dies; if Borrower is a trust, a trustor dies; if Borrower is a partnership, any general or managing partner dies; if Borrower is a corporation, any principal officer or 10% or greater shareholder dies; if Borrower is a limited liability company, any managing member dies; if Borrower is any other form of business entity, any person(s) directly or indirectly controlling 10% or more of the ownership interests of such entity dies.

**31. RIGHTS AND REMEDIES UPON DEFAULT.** Subject to applicable law, if an Event of Default occurs under this Agreement, at any time thereafter, Lender may exercise any one or more of the following rights and remedies:

A. <u>Refrain from Disbursing Loan Proceeds</u>: Lender may refrain from disbursing Borrower's Loan
 proceeds to Borrower's Designated Checking Account.

B. <u>Debit Amounts Due From Borrower's Accounts</u>: Lender may debit from Borrower's Designated
 Checking Account all Automatic Payment Plan payments that Lender was unable to collect and/or
 the amount of any other Obligations that Borrower failed to pay.

C. <u>Accelerate Indebtedness</u>: Lender may declare the entire Obligations immediately due and payable,
 without notice of any kind to Borrower.

Customer: RoboCent, Inc. V 19 <br>

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| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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D. <u>Assemble Collateral</u>: Lender may require Borrower and/or Guarantor to deliver to Lender all or
 any portion of the Collateral and any and all certificates of title and other documents relating
 to the Collateral. Lender may require Borrower and/or Guarantor to assemble the Collateral
 and make it available to Lender at a place to be designated by Lender. Lender also shall
 have full power to enter, provided Lender does so without a breach of the peace or a trespass,
 upon the property of Borrower and/or Guarantor to take possession of and remove the Collateral.
 If the Collateral contains other goods not covered by this Agreement at the time of repossession,
 Borrower and/or Guarantor agree Lender may take such other goods, provided that Lender makes
 reasonable efforts to return them to Borrower and/or Guarantor after repossession.

E. <u>Sell the Collateral</u>: Lender shall have full power to sell, lease, transfer, or otherwise deal
 with the Collateral or proceeds thereof in Lender's own name or that of Borrower and/or
 Guarantor. Lender may sell the Collateral at public auction or private sale. Unless the Collateral
 threatens to decline speedily in value or is of a type customarily sold on a recognized market,
 Lender will give Borrower, Guarantor and other persons as required by law, reasonable notice
 of the time and place of any public sale, or the time after which any private sale or any
 other disposition of the Collateral is to be made. However, no notice need be provided to
 any person who, after an Event of Default occurs, enters into and authenticates an agreement
 waiving that person's right to notification of sale. The requirements of reasonable
 notice shall be met if such notice is given at least 10 days before the time of the sale
 or disposition. All expenses relating to the disposition of the Collateral, including without
 limitation the expenses of retaking, holding, insuring, preparing for sale and selling the
 Collateral, shall become a part of the Obligations secured by this Agreement. To the extent
 permitted by applicable law, all such expenses will become a part of the Obligations and,
 at Lender's option, will: (i) be payable on demand; (ii) be added to the balance of
 the Loan and be apportioned among and be payable with any installment payments to become
 due during either (a) the term of any applicable insurance policy or (b) the remaining term
 of the Loan; or (iii) be treated as a balloon payment that will be due and payable at the
 Loan's maturity.

F. <u>Appoint Receiver</u>: Lender shall have the right to have a receiver appointed to take possession
 of all or any part of the Collateral, with the power to protect and preserve the Collateral,
 to operate the Collateral preceding foreclosure or sale, and to collect the rents from the
 Collateral and apply the proceeds, over and above the cost of the receivership, against the
 Obligations. The receiver may serve without bond if permitted by law. Lender's right
 to the appointment of a receiver shall exist whether or not the apparent value of the Collateral
 exceeds the Obligations by a substantial amount. Employment by Lender shall not disqualify
 a person from serving as a receiver.

G. <u>Collect Revenues, Apply Accounts</u>: Lender, either itself or through a receiver, may collect the
 payments, rents, income, and revenues from the Collateral. Lender may at any time in Lender's
 discretion transfer any Collateral into Lender's own name or that of Lender's
 nominee and receive the payments, rents, income and revenues therefrom and hold the same
 as security for the Obligations or apply it to payment of the Obligations in such order of
 preference as Lender may determine. Insofar as the Collateral consists of accounts, general
 intangibles, insurance policies, instruments, chattel paper, choses in action, or similar
 property, Lender may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose
 or realize on the Collateral as Lender may determine, whether or not any amount included
 within the Obligations is then due, as permitted by law. For these purposes, Lender may,
 on behalf of and in the name of Borrower and/or Guarantor, receive, open and dispose of mail
 addressed to Borrower; change any address to which mail and payments are to be sent; and
 endorse notes, checks, drafts, money orders, documents of title, instruments and items pertaining
 to payment, shipment or storage of any Collateral. To facilitate collections, Lender may
 notify account debtors and obligors on any Collateral to make payments directly to Lender.

H. <u>Obtain Deficiency</u>: If Lender chooses to sell any or all of the Collateral, Lender may obtain
 a judgment against Borrower and/or Guarantor for any deficiency remaining on the Obligations
 due to Lender after application of all amounts received from the exercise of the rights provided
 in this Agreement. Borrower and/or Guarantor shall be liable for a deficiency even if the
 transaction described in this subsection is a sale of accounts or chattel paper.

I. <u>Other Rights and Remedies</u>: Lender shall have all the rights and remedies of a secured creditor
 under the provisions of the Uniform Commercial Code, as may be amended from time to time.
 In addition, Lender shall have and may exercise any or all other rights and remedies it may
 have available at law, in equity or otherwise.

J. <u>Election of Remedies</u>: Except as may be prohibited by applicable law, all of Lender's rights
 and remedies, whether evidenced by this Agreement, any related documents, or by any other
 writing, shall be cumulative and may be exercised singularly or concurrently. Election by
 Lender to pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of Borrower under the Agreement, after Borrower's failure
to perform, shall not affect Lender's right to declare a default and exercise its remedies.

Customer: RoboCent, Inc. V 19 <br>

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|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**32. CONSENT TO JURISDICTION AND VENUE.** Subject to Section 33 below, Borrower, Guarantors and Lender agree that any action or proceeding to enforce or arising out of this Agreement may be brought in any court of the State of Utah or in the United States District Court for the District of Utah, and Borrower and Guarantors waive personal service of process. Borrower, Guarantors and Lender agree that, subject to section 33, venue is proper in such courts.

33. ARBITRATION AGREEMENT AND CLASS ACTION WAIVER. THE PARTIES AGREE THAT AT THE ELECTION OF ANY PARTY, ALL CLAIMS BETWEEN BORROWER, GUARANTORS, AND LENDER SHALL BE RESOLVED THROUGH MANDATORY BINDING INDIVIDUAL ARBITRATION PURSUANT TO THIS SECTION.

A. Arbitration procedures are generally simpler than the rules that apply in court, and discovery is more limited. Other rights that Borrower, Guarantor, or Lender would have in court may also not be available in arbitration. For example, under this arbitration agreement, Borrower, Guarantor, or Lender will not have the right to (i) have a court or jury decide the claim being arbitrated, (ii) engage in pre-arbitration discovery to the same extent that Borrower, Guarantor, or Lender could in court, (iii) as set forth below, participate as a representative or member of any class or of claimants in a class action, in court or in arbitration, relating to any claim subject to arbitration, or (iv) join or consolidate claims other than Borrower's, Guarantor's, or Lender's own claims. Any arbitration award and any judgment confirming it will apply only to a specific Claim and cannot be used in any other case except to enforce the award.

B. The term "Claims" is to be given the broadest possible meaning, and includes without limitation Claims arising from or relating to (i) this Agreement, including without limitation, the terms, construction, interpretation, performance, termination, breach, or enforceability of this Agreement, (ii) any transactions effected pursuant to this Agreement, (iii) terms of or change or addition of terms to this Agreement, (iv) collection or enforcement of any obligation arising from this Agreement, (v) advertisements, promotions, or oral or written statements relating to this Agreement or any transactions between us pursuant to this Agreement, (vi) Claims between Borrower and Guarantor and Lender or Lender's parent corporations, wholly or majority owned subsidiaries, affiliates, predecessors, successors, assigns, agents, independent contractors, employees, officers, directors or representatives arising from any transaction between us pursuant to this Agreement, and (vii) Claims regarding the validity, enforceability, or scope of this Arbitration section or this Agreement, including but not limited to whether a given claim or dispute is subject to arbitration.

C. The parties agree that any Claim against Borrower, Guarantors, or Lender shall be, at the election of any party, resolved by mandatory binding arbitration within a reasonable time period not to exceed one-hundred-and-eighty (180) days. The parties agree that the arbitration shall be administered by JAMS and the arbitration shall be conducted in accordance with the JAMS Streamlined Arbitration Rules & Procedures except as otherwise agreed in this Agreement; if JAMS is unavailable to administer the arbitration, then the arbitration shall be administered by the American Arbitration Association in accordance with its procedures or any other mutually agreeable arbitrator. The parties agree that the arbitration shall be conducted by a single arbitrator. The arbitrator shall be chosen in accordance with the procedures of JAMS and shall base the award on applicable law. The arbitration hearing shall occur in the federal judicial district where Borrower or Guarantor are located, and may be conducted on the basis of documents only or through a telephone or in-person hearing. The arbitrator's decisions are final and binding, are as enforceable as any court order, and are subject to very limited review by a court as set forth in the Federal Arbitration Act. Judgment on the award may be entered in any court having jurisdiction, subject to Section 32 above.

D. The parties agree that the costs of the arbitration (including the arbitrator's fees) shall be divided equally between them, except that Lender will consider in good faith a request by Borrower to pay the costs of arbitration.

E. EACH PARTY MAY PURSUE ARBITRATION SOLELY IN AN INDIVIDUAL CAPACITY, AND NOT AS A REPRESENTATIVE OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S OR ENTITY'S CLAIMS, AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF A REPRESENTATIVE OR CLASS PROCEEDING. BORROWER, GUARANTORS, AND LENDER WAIVE ANY RIGHT TO ASSERT ANY CLAIMS AGAINST <u>ANY</u> OTHER PARTY AS A REPRESENTATIVE OR MEMBER IN ANY CLASS OR REPRESENTATIVE ACTION, EXCEPT WHERE SUCH WAIVER IS PROHIBITED BY LAW AGAINST PUBLIC POLICY. TO THE EXTENT <u>ANY</u> PARTY IS PERMITTED BY LAW OR **COURT OF LAW TO PROCEED WITH A CLASS OR REPRESENTATIVE ACTION AGAINST <u>ANY</u> OTHER, THE PARTIES HEREBY AGREE THAT: (1) THE PREVAILING PARTY SHALL NOT BE ENTITLED TO RECOVER ATTORNEYS' FEES OR COSTS ASSOCIATED WITH PURSUING THE CLASS OR REPRESENTATIVE ACTION (NOTWITHSTANDING ANY OTHER PROVISION IN THIS AGREEMENT); AND (2) THE PARTY WHO INITIATES OR PARTICIPATES AS A MEMBER OF THE CLASS WILL NOT SUBMIT A CLAIM OR OTHERWISE PARTICIPATE IN ANY RECOVERY SECURED THROUGH THE CLASS OR REPRESENTATIVE ACTION.**

Customer: RoboCent, Inc. V 19 <br>

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| | |
|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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F. If this provision is deemed by a court or arbitrator to be unenforceable only as to some Claims asserted by a party, then the parties agree in advance that all proceedings relating to the Claims against which this provision is unenforceable should be stayed and not proceed pending the completion of the arbitration proceeding on all remaining claims.

G. If Borrower, Guarantor, or Lender files a Claim in court, such action is not deemed to be a waiver of the right to compel arbitration of any counterclaims, cross-claims, or separate claims that may be asserted against it. In such a case, upon the election of any party, the entire dispute shall be resolved in arbitration pursuant to the provisions of this section.

H. This arbitration section is governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-16, other applicable federal law, and, to the extent it is applicable, by Utah law.

**34. JURY TRIAL WAIVER.** To the extent not prohibited by applicable law, Borrower, Guarantors, and Lender waive their right to a trial by jury of any claim or cause of action based upon, arising out of or related to the Agreement and all other documentation evidencing the Obligations, in any legal action or proceeding. Subject to Section 33, any such claim or cause of action shall be tried by court sitting without a jury.

**35. NO WAIVER BY LENDER.** No delay or omission on the part of Lender in exercising any rights under this Agreement, any related guaranty or applicable law shall operate as a waiver of such right or any other right. Waiver on any one occasion shall not be construed as a bar to or waiver of any right or remedy on any future occasion. All Lender's rights and remedies, whether evidenced hereby or by any other agreement, instrument or paper, shall be cumulative and may be exercised singularly or concurrently.

**36. ASSIGNMENT.** This Agreement shall bind and inure to the benefit of the respective successors and assigns of each of the parties hereto; provided, however, that Borrower may not assign this Agreement or any rights or duties hereunder without Lender's prior written consent and any prohibited assignment shall be absolutely null and void. No consent to an assignment by Lender shall release Borrower from its Obligations. Lender may assign this Agreement and its rights and duties hereunder and no consent or approval by Borrower is required in connection with any such assignment. Lender reserves the right to sell, assign, transfer, negotiate or grant participations in all or any part of, or any interest in Lender's rights and benefits hereunder. In connection with any assignment or participation, Lender may disclose all documents and information that Lender now or hereafter may have relating to Borrower or Borrower's business. To the extent that Lender assigns its rights and obligations hereunder to another party, Lender thereafter shall be released from such assigned obligations to Borrower and such assignment shall affect a novation between Borrower and such other party. For the avoidance of doubt, Borrower, Guarantors, and Lender and their successors or assigns retain the right to compel arbitration under Section 33 even if they assign any rights under this Agreement to another individual or entity. ODK Capital, LLC (in its capacity as servicer) or a successor servicer (if any) shall, acting solely for this purpose as a non-fiduciary agent of Borrower, maintain at one of its offices in the United States a copy of each assignment agreement delivered to it with respect to this Loan and a register for the recordation of the name of each assignee of this Loan, and principal and interest amount of this Loan owing to, such assignee pursuant to the terms hereof. The entries in such register shall be conclusive, and Borrower, Lender and each such assignee may treat each person whose name is recorded therein pursuant to the terms hereof as a "Lender" hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The register maintained for this Loan shall be available for inspection by Borrower and any such assignee of this Loan, at any reasonable time upon reasonable prior notice to ODK Capital, LLC (in its capacity as servicer) or the applicable successor servicer (if any). This Section 36 shall be construed so that this Loan is at all times maintained in "registered form" within the meaning of Sections 163(f), 871(h)(2) and 881(c)(2) of the Internal Revenue Code and any related Treasury regulations (or any other relevant or successor provisions of the Internal Revenue Code or of such Treasury regulations).

**37. INTERPRETATION.** Paragraph and section headings used in this Agreement are for convenience only, and shall not affect the construction of this Agreement. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against Lender or Borrower, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of all parties hereto.

Customer: RoboCent, Inc. V 19 <br>

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|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**38. SEVERABILITY.** If one or more provisions of this Agreement (or the application thereof) is determined invalid, illegal or unenforceable in any respect in any jurisdiction, the same shall not invalidate or render illegal or unenforceable such provision (or its application) in any other jurisdiction or any other provision of this Agreement (or its application).

**39. NOTICES.** Except as otherwise provided in this Agreement, notice under this Agreement must be in writing. Notices will be deemed given when deposited in the U.S. mail, postage prepaid, first class mail; when delivered in person; when sent by registered mail; by certified mail; or by nationally recognized overnight courier; or when sent by electronic mail. Notice to Borrower and/or any personal guarantor will be sent to Borrower's last known address or electronic mail address in Lender's records for this Loan. Notice to Lender may be sent to: OnDeck, 4700 W. Daybreak Pkwy., Suite 200, South Jordan, UT, 84009, Attn: Director of Operations.

**40. RECORDKEEPING AND AUDIT REQUIREMENTS.** Lender shall have no obligation to maintain any electronic records or any documents, schedules, invoices or any other paper delivered to Lender by Borrower in connection with this Agreement or any other agreement other than as required by law. Borrower will at all times keep accurate and complete records of Borrower's accounts and Collateral. At Lender's request, Borrower shall deliver to Lender: (i) schedules of accounts and general intangibles; and (ii) such other information regarding the Collateral as Lender shall request. Lender, or any of its agents, shall have the right to call any telephone numbers that Borrower has provided or may provide in the future or otherwise in the Lender's possession (including any cellular or mobile telephone numbers) at intervals to be determined by Lender, and without hindrance or delay, to inspect, audit, check, and make extracts from any copies of the books, records, journals, orders, receipts, correspondence that relate to Borrower's accounts and Collateral or other transactions between the parties thereto and the general financial condition of Borrower and Lender may remove any of such records temporarily for the purpose of having copies made thereof. If Borrower was referred to Lender for this Loan by a third party (the "Referring Party"), then Borrower consents to Lender sharing certain reasonable information about Borrower with the Referring Party for purposes of the Referring Party verifying and/or auditing loans made through such Referring Party's referrals.

**41. GOVERNING LAW.** Subject to Section 33 above, our relationship including this Agreement and any claim, dispute or controversy (whether in contract, tort, or otherwise) at any time arising from or relating to this Agreement is governed by, and this Agreement will be construed in accordance with, applicable federal law and (to the extent not preempted by federal law) Utah law without regard to internal principles of conflict of laws. The legality, enforceability and interpretation of this Agreement and the amounts contracted for, charged and reserved under this Agreement will be governed by such laws. Borrower understands and agrees that (i) Lender is located in Utah, (ii) Lender makes all credit decisions from Lender's office in Utah, (iii) the Loan is made in Utah (that is, no binding contract will be formed until Lender receives and accepts Borrower's signed Agreement in Utah) and (iv) Borrower's payments are not accepted until received by Lender in Utah.

**42. WAIVER OF NOTICES AND OTHER TERMS.** Except for any notices provided for in this Agreement, Borrower and any person who has obligations pursuant to this Agreement (*e.g*., a Guarantor), to the extent not prohibited by applicable law hereby, waives demand, notice of nonpayment, notice of intention to accelerate, notice of acceleration, presentment, protest, notice of dishonor and notice of protest. To the extent permitted by applicable law, Borrower and any person who has obligations pursuant to this Agreement also agrees: Lender is not required to file suit, show diligence in collection against Borrower or any person who has obligations pursuant to this Agreement, or proceed against any Collateral; Lender may, but will not be obligated to, substitute, exchange or release any Collateral; Lender may release any Collateral, or fail to realize upon or perfect Lender's security interest in any Collateral; Lender may, but will not be obligated to, sue one or more persons without joining or suing others; and Lender may modify, renew, or extend this Agreement (repeatedly and for any length of time) without notice to or approval by any person who has obligations pursuant to this Agreement (other than the party with whom the modification, renewal or extension is made).

**43. Modifications of Payment Schedule.** Lender may unilaterally modify the Payment Schedule shown in the accompanying Business Loan and Security Agreement Supplement without prior approval by Borrower or Guarantor, including, but not limited to, extending the repayment term, increasing the total number of payments, or modifying the Payment Amount, so long as the modification does not increase the Total Repayment Amount or the amount of any individual payment above the Payment Amount shown on the Business Loan and Security Agreement Supplement. Any modification of the Payment Schedule will be effective upon notice by Lender to Borrower, which may be provided to Borrower by posting the notice in the online account, communicating the notice via regular mail at the last known address for Borrower, or via electronic mail at the e-mail address of Borrower in Lender's records. Lender may modify the Payment Schedule pursuant to this paragraph without any notice to Guarantor. Borrower and Guarantor agree that any modification to the Payment Schedule under this paragraph shall not affect Borrower's or Guarantor's obligations under this Business Loan and Security Agreement.

Customer: RoboCent, Inc. V 19 <br>

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|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**44. MONITORING, RECORDING AND ELECTRONIC COMMUNICATIONS.** In order to ensure a high quality of service for Lender's customers, Lender may monitor and/or record telephone calls between Borrower and Lender's employees or agents. Borrower acknowledges that Lender may do so and agrees in advance to any such monitoring or recording of telephone calls. Borrower also agrees that Lender may communicate with Borrower electronically by e-mail.

**45. CONFIDENTIALITY.** Borrower shall not make, publish or otherwise disseminate in any manner a copy of this Agreement or any public statement or description of the terms of this Agreement, except to its employees, advisors and similar persons who have a legitimate need to know its contents.

**46. ENTIRE AGREEMENT.** Any application Borrower signed or otherwise submitted in connection with the Loan, the accompanying Business Loan and Security Agreement Supplement and the Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits) and any other documents required by Lender now or in the future in connection with this Agreement and Borrower's Loan are hereby incorporated into and made a part of this Agreement. This Agreement is the entire agreement of the parties with respect to the subject matter hereof and supersedes any prior written or verbal communications or instruments relating thereto.

**47. COUNTERPARTS; ELECTRONIC SIGNATURES**. This Agreement may be executed in one or more counterparts, each of which counterparts shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. For purposes of the execution of this Agreement, signatures delivered by electronic or fax transmission shall be treated in all respects as original signatures.

**48. CUSTOMER SERVICE CONTACT INFORMATION**. If you have questions or comments about your Loan, you may contact us by (i) e-mail at support@ondeck.com, (ii) telephone at (888) 269-4246 or (iii) mail at 4700 W. Daybreak Pkwy., Suite 200, South Jordan, UT 84009, Attn: Director of Operations.

**49. GRANT OF LICENSE TO USE THE ONDECK PLATFORM.** Subject to Borrower's compliance with this Agreement and the Terms of Use for the OnDeck Platform, Lender grants Borrower a nonexclusive, revocable, non-transferable, non-sublicenseable, limited right and royalty-free license to use the OnDeck Platform, effective solely during the term of the Loan and so long as an Event of Default has not occurred. The license granted to Borrower is personal, and no rights hereunder may be transferred by Borrower without the express written approval of Lender. Lender may terminate the license granted hereunder without notice at any time after an Event of Default has occurred.

**50. PERSONAL GUARANTY.** Each Guarantor, jointly and severally (if more than one), absolutely and unconditionally guarantee the prompt payment to Lender, including its successors and assignees, of any and all Obligations incurred by the Borrower pursuant to the Agreement (this "Personal Guaranty"). Each Guarantor further agrees to repay the Obligations on demand, without requiring Lender first to enforce payment against Borrower. This is a guarantee of payment and not of collection. This is an absolute, unconditional, primary, and continuing obligation and will remain in full force and effect until the first to occur of the following: (a) all of the Obligations have been indefeasibly paid in full, and Lender has terminated this Personal Guaranty, or (b) 30 days after the date on which written notice of revocation is actually received and accepted by Lender. No revocation will affect: (i) the then existing liabilities of the revoking Guarantor under this Personal Guaranty; (ii) Obligations created, contracted, assumed, acquired or incurred prior to the effective date of such revocation; (iii) Obligations created, contracted, assumed, acquired or incurred after the effective date of such revocation pursuant to any agreement entered into or commitment obtained prior to the effective date of such revocation; or (iv) any Obligations then or thereafter arising under the agreements or instruments then in effect and then evidencing the Obligations. Each Guarantor represents and warrants that (i) it is a legal resident of the United States of America and (ii) neither Borrower, nor itself individually as Guarantor, intends to file for reorganization or liquidation under the bankruptcy or reorganization laws of any jurisdiction within 6 months of the date hereof. Each Guarantor waives all notices to which the Guarantor might otherwise be entitled by law, and also waives all defenses, legal or equitable, otherwise available to the Guarantor. This Personal Guaranty shall be construed in accordance with the laws of the State of Utah, and shall inure to the benefit of Lender, its successors and assigns. To the extent not prohibited by applicable law, each of the undersigned Guarantors waives its right to a trial by jury of any claim or cause of action based upon, arising out of or related to this guaranty, the Agreement and all other documentation evidencing the Obligations, in any legal action or proceeding. Subject to Section 33 above, any such claim or cause of action shall be tried by court sitting without a jury.

Customer: RoboCent, Inc. V 19 <br>

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|:---|:---|
| ![](ex6-16_001.jpg) | BUSINESS LOAN AND SECURITY<br> AGREEMENT |

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**51. CERTIFICATION AND SIGNATURES.** By executing this Agreement or authorizing the person signing or affirming below to execute on its behalf, Borrower certifies that Borrower has received a copy of this Agreement and that Borrower has read, understood and agreed to be bound by its terms. Each person signing or affirming below certifies that each person is signing on behalf of the Borrower and/or in the capacity indicated below the signer's name (and if Borrower is a sole proprietorship, in the capacity of the owner of such sole proprietorship) and that such signer is authorized to execute this Agreement on behalf of or the in stated relation to Borrower.

**52. Notice to Borrowers in Certain States.** If Borrower is located in one of the states identified below, then the language immediately following the state identified state below applies to your Business Loan and Security Agreement.

**If your business is located in South Dakota:**

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The
 conditions for an extension of payment or maturity of the loan: Your Business Loan and Security
 Agreement does not include specific conditions for the extension of a payment or maturity
 of the loan. In the event that you are unable to make a payment, we request that you contact
 us and we will evaluate the request at that time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Renewal
 of Loan: In the event that you wish to renew your loan with us prior to the pay-off of your
 loan, you must apply and be approved based on our underwriting criteria in existence at that
 time. We will evaluate your application at the time it is submitted. Your loan must be at
 least 50% paid down and not in default in order for you to be eligible to apply for a renewal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) If
 there are any improprieties in the servicing of your loan, please contact the South Dakota
 Division of Banking: South Dakota Division of Banking

1601 N. Harrison Ave, Suite 1

Pierre, SD 57501

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(605) 773-3421

**If your business is located in Nevada:**

 ****

The Late Fee and Returned Payment Fees provisions identified in the Business Loan and Security Agreement Supplement and Paragraph 20 of this Agreement do not apply to your loan.

<u>Use of Proceeds Certification</u>

As referred to in Section 4, by signing or affirming below, the Borrower certifies, acknowledges and understands that the proceeds from the requested Loan will be used solely for purchasing or acquiring specific products or services, for the following purposes only:

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| specified merchandise |
| insurance (but not self-insurance programs) |
| services or equipment |
| inventory or other specified goods |
| loans to finance specified sales transactions |
| public works projects or educational services (e.g., training) |

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Customer: RoboCent, Inc. V 19 <br>

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|:---|:---|
| ![](ex6-16_001.jpg) | AUTHORIZATION AGREEMENT<br> FOR DIRECT DEPOSIT (ACH CREDIT)<br> AND DIRECT PAYMENTS (ACH DEBITS) |

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**This Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits) is part of (and incorporated by reference into) the Business Loan and Security Agreement. Borrower should keep this important legal document for Borrower's records.**

**DISBURSEMENT OF LOAN PROCEEDS.** By executing this Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits), Borrower authorizes Lender to disburse the Loan proceeds less the amount of any applicable fees and in accordance with the Loan Proceeds Disbursement Authorization, if any, upon Loan approval by initiating an ACH credit, wire transfer or similar means to the checking account indicated herein (or a substitute checking account Borrower later identifies and is acceptable to Lender) (hereinafter referred to as the "Designated Checking Account") in the disbursal amount set forth in the accompanying Business Loan and Security Agreement Supplement less any amounts owed to Lender from a prior loan or used to pay off an amount owed to a third party lender. This authorization is to remain in full force and effect until Lender has received written notification from Borrower of its termination in such time and in such manner as to afford Lender and Borrower's depository bank a reasonable opportunity to act on it.

**AUTOMATIC PAYMENT PLAN.** Enrollment in Lender's Automatic Payment Plan is required for Loan approval. By executing this Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits), Borrower agrees to, and hereby, enrolls in the Automatic Payment Plan and authorizes Lender to collect payments required under the terms of Borrower's Business Loan and Security Agreement by initiating ACH debit entries to the Designated Checking Account in the amounts and on the dates provided in the payment schedule set forth in the accompanying Business Loan and Security Agreement Supplement. Borrower authorizes Lender to resubmit any returned or failed ACH Debt for any previously scheduled payment(s) that was not paid as provided in the Payment Schedule, as permitted by law and network rules. This authorization is to remain in full force and effect until Lender has received written notification from Borrower of its termination no less than three business days before a scheduled payment. Lender may suspend or terminate Borrower's enrollment in the Automatic Payment Plan immediately if Borrower fails to keep Borrower's designated checking account in good standing or if there are insufficient funds in Borrower's checking account to process any payment (or if Lender is otherwise unable to collect any amounts by ACH debit owed to Lender under the Loan or under any other loan or extension of credit by Lender to Borrower). **If Borrower revokes the authorization or Lender suspends or terminates Borrower's enrollment in the Automatic Payment Plan, Borrower still will be responsible for making timely payments pursuant to the alternative payment methods described in the Business Loan and Security Agreement.**

**Modification of Payment Schedule**. Borrower and Guarantor agree that Lender may unilaterally modify the agreed Payment Schedule pursuant to Paragraph 43 of the Business Loan and Security Agreement. Enrollment in Lender's Automatic Payment Plan authorizes Lender to debit the Designated Checking Account under Lender's Automatic Payment Plan pursuant to any modified Payment Schedule made in accordance with Paragraph 43 of the Business Loan and Security Agreement.

**Provisional Payment**. Credit given by us to you with respect to an automated clearing house ("ACH") credit entry is provisional until we receive final settlement for such entry through a Federal Reserve Bank. If we do not receive such final settlement, you are hereby notified and agree that we are entitled to a refund of the amount credited to you in connection with such entry, and the party making to you via such entry (i.e. the originator of the entry) shall not be deemed to have paid you in the amount of such entry.

**ACH Authorization for Material Misrepresentations**. In the event that we determine that you made any material misrepresentation in your application (including, but not limited to, misrepresenting your business revenue, altering bank statements, misrepresenting the purpose of the funds, etc.) you authorize Lender to debit the Designated Checking Account the full Disbursement Amount identified in the Business Loan and Security Agreement Supplement. In the event that Lender exercises this option and debits the Disbursement Amount from your Designated Checking Account, you agree that all other terms of the Business Loan and Security Agreement, including the Arbitration Agreement and Class Action Waiver, shall remain in full force and effect.

Customer: RoboCent, Inc. V 19 <br>

---

| | |
|:---|:---|
| ![](ex6-16_001.jpg) | AUTHORIZATION AGREEMENT<br> FOR DIRECT DEPOSIT (ACH CREDIT)<br> AND DIRECT PAYMENTS (ACH DEBITS) |

---

**Notice of Receipt of Entry**. Under the operating rules of the National Automated Clearing House Association, which are applicable to ACH transactions involving your account, we are not required to give next day notice to you of receipt of an ACH item and we will not do so. However, we will continue to notify you of the receipt of payments in the periodic statement we provide to you.

**BUSINESS PURPOSE ACCOUNT.** By executing this Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debits), Borrower attests that the Designated Checking Account was established for business purposes and not primarily for personal, family or household purposes.

**ACCOUNT CHANGES.** Borrower agrees to promptly notify Lender in writing if there are any changes to the account and routing numbers of the Designated Checking Account.

**MISCELLANEOUS.** Lender is not responsible for any fees charged by Borrower's bank as the result of credits or debits initiated under this agreement. The origination of ACH transactions to Borrower's account must comply with the provisions of U.S. law. Borrower agrees to be bound by NACHA rules of the Electronic Payments Association.

Customer: RoboCent, Inc. V 19 <br>

---

| | |
|:---|:---|
| ![](ex6-16_001.jpg) | AUTHORIZATION AGREEMENT<br> FOR DIRECT DEPOSIT (ACH CREDIT)<br> AND DIRECT PAYMENTS (ACH DEBITS) |

---

---

| | | | |
|:---|:---|:---|:---|
| Routing Number: | 051408949 | Account Number: | 0261065564 |
| Tax ID: | 461666645 | 461666645 | 461666645 |
| **By:** | **Travis Trawick** | **Travis Trawick** | **Travis Trawick** |
|  | (Signature) | (Signature) | (Signature) |
| Name**:** | Travis Trawick | Travis Trawick | Travis Trawick |
| Date**:** | 2025-10-16 | 2025-10-16 | 2025-10-16 |

---

Customer: RoboCent, Inc. V 19 <br>

---

| | |
|:---|:---|
| ![](ex6-16_001.jpg) | SIGNATURE PAGE |

---

 **Signature Page**

I hereby, as a duly authorized agent of Borrower, and in my individual and personal capacity as Guarantor, affirm that I have read and understand the terms and conditions of, consent to, and agree to be bound by, the Business Loan and Security Agreement (inclusive of the Guaranty and Arbitration Agreement therein), the accompanying Business Loan and Security Agreement Supplement, and the accompanying Authorization Agreement for Direct Deposit (ACH Credits) and Direct Payments (ACH Debits).

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Borrower: RoboCent, Inc.** | **Borrower: RoboCent, Inc.** |
| **Guarantor #1:** | Travis Trawick |  |  |
|  | (Signature) | **By:** | Travis Trawick |
| Name**:** | Travis Trawick |  | (Signature) |
| Date**:** | 2025-10-16 | Name**:** | Travis Trawick |
|  |  | Date**:** | 2025-10-16 |
| **Guarantor #2:** |  | **By:** |  |
|  | (Signature) |  | (Signature) |
| Name**:** |  | Name**:** |  |
| Date**:** |  | Date**:** |  |
| **Guarantor #3:** |  | **By:** |  |
|  | (Signature) |  | (Signature) |
| Name: |  | Name: |  |
| Date**:** |  | Date**:** |  |

---

---

| | |
|:---|:---|
| <u>For Lender's Use Only</u>: This Agreement has been received and accepted by Lender in Utah after being signed by Borrower and any Guarantor(s). | <u>For Lender's Use Only</u>: This Agreement has been received and accepted by Lender in Utah after being signed by Borrower and any Guarantor(s). |
| By**:** | Adrian Ropisan |
|  | (Signature) |
|  | Adrian Ropisan |
|  | (Name) |
| Date**:** | 2025-10-16 |

---

Customer: RoboCent, Inc. V 19 <br>

## Add

**Exhibit 11.1**

![](ex11-1_001.jpg)

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation in the Regulation A Offering Statement on Form 1-A/A of our report dated September 5, 2025, of FullPAC, Inc. relating to the audit of the consolidated financial statements as of December 31, 2024 and 2023, and for the periods then ended, including the reference to our firm under the caption "Experts" in the Offering Statement.

*/s/ M&K CPAS, PLLC*

The Woodlands, TX

November 24, 2025

### 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:** FullPAC, Inc.

**Jurisdiction of Incorporation/Organization:** NV

**Year of Incorporation:** 2025

**CIK:** 0002076148

**I.R.S. Employer Identification Number:** 39-2886611

**Primary Standard Industrial Classification Code:** 4899

**Total number of full-time employees:** 7

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

**Address of Principal Executive Offices:** 1206 LASKIN ROAD, STE. 201-O, VIRGINIA BEACH, VA 23451

**Company Phone:** 757-821-2121

**Person to contact:** Travis Trawick

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount      |
|:---|:---|
| Cash and Cash Equivalents                | $148224.00  |
| Investment Securities                    | $0.00       |
| Accounts and Notes Receivable            | $0.00       |
| Property, Plant and Equipment (PP&E)     | $804.00     |
| Total Assets                             | $223044.00  |
| Accounts Payable and Accrued Liabilities | $220248.00  |
| Long-Term Debt                           | $162247.00  |
| Total Liabilities                        | $382495.00  |
| Total Stockholders' Equity               | $-159451.00 |
| Total Liabilities and Equity             | $223044.00  |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount      |
|:---|:---|
| Total Revenues                            | $233875.00  |
| Costs and Expenses Applicable to Revenues | $57245.00   |
| Depreciation and Amortization             | $30421.00   |
| Net Income                                | $-251978.00 |
| Earnings Per Share - Basic                | -0.02       |
| Earnings Per Share - Diluted              | -0.02       |

**Auditor Information**

| Metric          | Amount         |
|:---|:---|
| Name of Auditor | M&K CPAS, PLLC |

### Outstanding Securities

| Class        |   Outstanding |     CUSIP | Publicly Traded   |
|:---|---:|---:|:---|
| Common Stock |      15000000 | 359853108 | N/A               |
| N/A          |             0 | 000000000 | N/A               |
| N/A          |             0 | 000000000 | N/A               |

### 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?** Yes

**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                                    | 10000000 |
| Number of securities outstanding                                | 15000000 |
| Price per security                                              | $5.00    |
| Issuer's aggregate offering price                               | $5.00    |
| Aggregate offering price of securities held by security holders | $0.00    |
| Aggregate price of securities offered concurrently              | $0.00    |
| Total aggregate offering price                                  | $5.00    |

**Anticipated Fees**

| Service Provider   | Name                                                           | Fees       |
|:---|:---|:---|
| Auditor            | M&K CPAS, PLLC                                                 | $49500.00  |
| Legal              | Haynes and Boone, LLP; Sheppard, Mullin, Richter & Hampton LLP | $300000.00 |
| Promoters          |  |  |

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

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

AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC, PR