# EDGAR Filing Document

**Accession Number:** 0001673431
**File Stem:** 0001683168-23-000301
**Filing Date:** 2023-1
**Character Count:** 147232
**Document Hash:** e261053f22ae263f4907039b47d3e198
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-23-000301.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001683168-23-000301

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230118

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IA Energy Corp.
- **CENTRAL INDEX KEY:** 0001673431
- **STANDARD INDUSTRIAL CLASSIFICATION:** CHEMICALS & ALLIED PRODUCTS [2800]
- **IRS NUMBER:** 811002497
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-220706
- **FILM NUMBER:** 23548288

**BUSINESS ADDRESS:**
- **STREET 1:** 24328 VERMONT AVENUE
- **STREET 2:** SUITE 300
- **CITY:** HARBOR CITY
- **STATE:** CA
- **ZIP:** 90710
- **BUSINESS PHONE:** 3108911959

**MAIL ADDRESS:**
- **STREET 1:** 24328 VERMONT AVENUE
- **STREET 2:** SUITE 300
- **CITY:** HARBOR CITY
- **STATE:** CA
- **ZIP:** 90710

?xml version="1.0" encoding="utf-8"?

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

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): January 18, 2023

IA ENERGY CORP.

(Exact name of registrant as specified in its charter)

<u>Wyoming</u> <u>333-220706</u> <u>81-1002497</u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

Unit 2102, One Global Place

5th Avenue Corner 25th Street

BCG, Taguig City 1630 Philippines

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: +63 (2) 79433419.

**Not Applicable** (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| N/A |  |  |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

---

IA Energy Corp., ("<u>Company</u>" or "IA Energy"), John R. Munoz ("<u>Seller</u>" or "Munoz"), and JJ C. Javier ("<u>Purchaser</u>" or "Javier") entered into a Stock Purchase Agreement ("<u>Agreement</u>") on November 14, 2022 wherein and whereby, the Purchaser was to acquire 25,025,000 Shares of Common Stock of the Company from the Seller. The Company, Munoz, and Javier will be collectively referred to as, the "Parties."

The Agreement was entered into effective as of the date of the last signature ("<u>Effective Date</u>"), which was November 14, 2022.

The Company is authorized to issue 500,000,000 shares of common stock, par value $0.0001 per share, of which 36,603,800 shares are issued and outstanding, and 20,000,000 shares of preferred stock, par value $0.0001 per share, of which no preferred shares have been issued.

The Seller indicated that he was the beneficial and owners of record of 25,025,000 Shares of Common Stock ("<u>Control Shares</u>") of the Company. The Control Shares to be sold under the Agreement represented 68.37 % of the total shares issued and outstanding ("Change of Control"). The purchase price ("Purchase Price") for the Control Shares was Three Hundred Thousand Dollars ($300,000) (USD).

At the time of execution of the Agreement, the Company was a non-trading, reporting company and was delinquent in the filing of the following periodic reports (the "<u>Delinquent SEC Reports</u>") with the Securities and Exchange Commission (the "<u>SEC</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) Quarterly Report on Form 10-Q for the quarter ended 9/30/2021;

&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) Annual Report on Form 10-K for the year ended 12/31/2021;

&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) Quarterly Report on Form 10-Q for the quarter ended 3/31/2022;

&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) Quarterly Report on Form 10-Q for the quarter ended 6/30/2022; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Quarterly Report on Form 10-Q for the quarter ended 9/30/2022.

The Company was also, not in good standing in the state of Wyoming.

To facilitate (i) the required audit and or review of the requisite financial statements by a qualified PCAOB Auditor for Company to complete and file the Delinquent SEC Reports, (ii) bringing the Company into good standing in the State of Wyoming, and (iii) to close the purchase, sale, and delivery of the Control Shares, contemporaneous with entering into the Agreement, the Parties entered into an Escrow Agreement ("Escrow Agreement") with Chachas Law Group P.C., the Company's Counsel, as escrow agent ("Escrow Agent").

The Agreement and the Escrow Agreement provided that (i) Purchaser would deliver to and deposit with Escrow Agent the Purchase Price of $300,000 (USD) to be held in the Chachas Law Group Attorney Trust Account; (ii) the Purchaser authorized a non-refundable disbursement ("Non-Refundable Payment) of the $75,000 (USD) to the Company; (iii) the Company was to use the Non-Refundable Payment to pay its counsel, Chachas Law Group P.C., to complete the requisite audits and other task as required to facilitate the filing of the Delinquent SEC Reports and to bring the Company into good standing in the State of Wyoming; (iv) the Company and Seller, upon Closing would appoint the Purchaser as the Company's sole Director and to all Officer positions; and (iv) Seller would deliver to the Escrow Agent the resignations of the current officers and directors of the Company (the "<u>Resignations</u>"), original certificates or an account statement if held in Book Entry, representing the Control Shares (the "<u>Certificate</u>"), duly executed irrevocable stock powers endorsed in blank with the signature medallion guaranteed (the "<u>Stock Powers</u>") for the transfer of the Control Shares to be held and delivered in accordance with the terms of this Agreement and the Escrow Agreement.

Upon execution of this Agreement, and the Escrow Agreement on November 14, 2022, the Purchaser caused to have delivered to Chachas Law Group Attorney Trust Account, one or more bank wires in total amount of $300,000 (USD) and, in its capacity as the Escrow Agent, Chachas Law Group P.C, released $75,000 (USD) of the Escrowed Funds from the Chachas Law Group Attorney Trust Account for the purpose of completing the requisite audits and other tasks as required to facilitate the filing of the Delinquent SEC Reports and to bringing the Company into good standing in the State of Wyoming.

Thereafter, the Company was brought into good standing with the State of Wyoming on November 29, 2022. Delinquent SEC Reports were filed with the Securities and Exchange Commission ("SEC") as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;January 3, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 9/30/2021 |
| &nbsp;&nbsp;&nbsp;January 5, 2023: | &nbsp;&nbsp;&nbsp;Annual Report on Form 10-K for the year ended 12/31/2021 |
| &nbsp;&nbsp;&nbsp;January 10, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 3/31/2022 |
| &nbsp;&nbsp;&nbsp;January 11, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 6/30/2022 |
| &nbsp;&nbsp;&nbsp;January 13, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 9/30/2022. |

---

The sale and purchase of the Control Shares was to close ("<u>Closing</u>") within seven (7) days of the date that the Company filed the Delinquent SEC Reports and had become in good standing in the State of Wyoming, but not later than forty-five (45) days following the Effective Date of the Agreement, through the offices of the Escrow Agent unless extended by mutual written agreement of the parties.

On January 18, 2023, the Parties entered into the First Amendment to Stock Purchase Agreement ("Amendment").

The Amendment provided that the Purchaser was to purchase all 25,943,800 shares of Common Stock (the "Control Shares") owned by Munoz for the aggregate purchase price of $300,000 (USD), which was an additional 918,800 shares of common stock. The Control Shares sold pursuant to the Agreement and the Amendment represents 70.877% of the issued and outstanding shares of the Company.

Additionally, Munoz had periodically advanced funds to the Company, which is reflected as Loans Payable, Related Party ("Related Party Loan") under Current Liabilities on the financial statements of the Company. The amounts due and owing by the Company to Munoz, as of December 31, 2021 was $253,300 (USD).

Additionally, as a result of a Sublease between the Company and Munoz, the financial statements reflect as Accounts Payable, Related Party ("Related Party Accounts Payable") under Current Liabilities on the financial statements of the Company, such amounts due and owing by the Company which as of December 31, 2021 was $27,000 (USD).

The Amendment provided that the full amount of any Related Party Loan and Related Party Accounts Receivable then owing as of the Closing of the transactions contemplated by the Purchase Agreement, were to be forgiven effective as of the Closing, in total amount of $280,300 (USD).

Prior to the Closing, the sole officer and director of the Company, pursuant to Section 17-16-810(c) of the Wyoming Business Corporations Act, which provides that a vacancy that will occur at a later date, by reason of a resignation effective at a later date under W.S. 17-16-807(b) or otherwise, may be filled before the vacancy occurs, but the new director may not take office until the vacancy occurs, appointed Javier the Sole Director, and President, Secretary, and Chief Financial Officer.

The Closing under the Agreement, the Amendment, and the Escrow occurred on January 18, 2023. At Closing Munoz transferred the Control Shares to Javier, the sole officer and director of the Company resigned, simultaneously with Javier becoming the Sole Director, the President, the Secretary, and Chief Financial Officer. At Closing, the balance of $225.000 (USD) was paid by the Escrow Agent to Munoz.

---

| | |
|:---|:---|
| **Item 5.01** | **Changes in Control of Registrant.** |

---

IA Energy Corp., ("<u>Company</u>" or "IA Energy"), John R. Munoz ("<u>Seller</u>" or "Munoz"), and JJ C. Javier ("<u>Purchaser</u>" or "Javier") entered into a Stock Purchase Agreement ("<u>Agreement</u>") on November 14, 2022 wherein and whereby, the Purchaser was to acquire 25,025,000 Shares of Common Stock of the Company from the Seller. The Company, Munoz, and Javier will be collectively referred to as, the "Parties."

The Agreement was entered into effective as of the date of the last signature ("<u>Effective Date</u>"), which was November 14, 2022.

The Company is authorized to issue 500,000,000 shares of common stock, par value $0.0001 (USD) per share, of which 36,603,800 shares are issued and outstanding, and 20,000,000 shares of preferred stock, par value $0.0001(USD) per share, of which no preferred shares have been issued.

The Seller indicated that he was the beneficial and owners of record of 25,025,000 Shares of Common Stock ("<u>Control Shares</u>") of the Company. The Control Shares to be sold under the Agreement represented 68.37 % of the total shares issued and outstanding ("Change of Control"). The purchase price ("Purchase Price") for the Control Shares was Three Hundred Thousand Dollars ($300,000) (USD).

At the time of execution of the Agreement, the Company was a non-trading, reporting company and was delinquent in the filing of the following periodic reports (the "<u>Delinquent SEC Reports</u>") with the Securities and Exchange Commission (the "<u>SEC</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) Quarterly Report on Form 10-Q for the quarter ended 9/30/2021;

&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) Annual Report on Form 10-K for the year ended 12/31/2021;

&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) Quarterly Report on Form 10-Q for the quarter ended 3/31/2022;

&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) Quarterly Report on Form 10-Q for the quarter ended 6/30/2022; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Quarterly Report on Form 10-Q for the quarter ended 9/30/2022.

The Company was also, not in good standing in the state of Wyoming.

To facilitate (i) the required audit and or review of the requisite financial statements by a qualified PCAOB Auditor for Company to complete and file the Delinquent SEC Reports, (ii) bringing the Company into good standing in the State of Wyoming, and (iii) to close the purchase, sale, and delivery of the Control Shares, contemporaneous with entering into the Agreement, the Parties entered into an Escrow Agreement ("Escrow Agreement") with Chachas Law Group P.C., the Company's Counsel, as escrow agent ("Escrow Agent").

The Agreement and the Escrow Agreement provided that (i) Purchaser would deliver to and deposit with Escrow Agent the Purchase Price of $300,000 (USD) to be held in the Chachas Law Group Attorney Trust Account; (ii) the Purchaser authorized a non-refundable disbursement ("Non-Refundable Payment) of the $75,000 (USD) to the Company; (iii) the Company was to use the Non-Refundable Payment to pay its counsel, Chachas Law Group P.C., to complete the requisite audits and other task as required to facilitate the filing of the Delinquent SEC Reports and to bring the Company into good standing in the State of Wyoming; (iv) the Company and Seller, upon Closing would appoint the Purchaser as the Company's sole Director and to all Officer positions; and (iv) Seller would deliver to the Escrow Agent the resignations of the current officers and directors of the Company (the "<u>Resignations</u>"), original certificates or an account statement if held in Book Entry, representing the Control Shares (the "<u>Certificate</u>"), duly executed irrevocable stock powers endorsed in blank with the signature medallion guaranteed (the "<u>Stock Powers</u>") for the transfer of the Control Shares to be held and delivered in accordance with the terms of this Agreement and the Escrow Agreement.

Upon execution of this Agreement, and the Escrow Agreement on November 14, 2022, the Purchaser caused to have delivered to Chachas Law Group Attorney Trust Account, one or more bank wires in total amount of $300,000 (USD) and, in its capacity as the Escrow Agent, Chachas Law Group P.C, released $75,000 (USD)of the Escrowed Funds from the Chachas Law Group Attorney Trust Account for the purpose of completing the requisite audits and other tasks as required to facilitate the filing of the Delinquent SEC Reports and to bringing the Company into good standing in the State of Wyoming.

Thereafter, the Company was brought into good standing with the State of Wyoming on November 29, 2022. Delinquent SEC Reports were filed with the Securities and Exchange Commission ("SEC") as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;January 3, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 9/30/2021 |
| &nbsp;&nbsp;&nbsp;January 5, 2023: | &nbsp;&nbsp;&nbsp;Annual Report on Form 10-K for the year ended 12/31/2021 |
| &nbsp;&nbsp;&nbsp;January 10, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 3/31/2022 |
| &nbsp;&nbsp;&nbsp;January 11, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 6/30/2022 |
| &nbsp;&nbsp;&nbsp;January 13, 2023: | &nbsp;&nbsp;&nbsp;Quarterly Report on Form 10-Q for the quarter ended 9/30/2022. |

---

The sale and purchase of the Control Shares was to close ("<u>Closing</u>") within seven (7) days of the date that the Company filed the Delinquent SEC Reports and had become in good standing in the State of Wyoming, but not later than forty-five (45) days following the Effective Date of the Agreement, through the offices of the Escrow Agent unless extended by mutual written agreement of the parties.

On January 18, 2023, the Parties entered into the First Amendment to Stock Purchase Agreement ("Amendment").

The Amendment provided that the Purchaser was to purchase all 25,943,800 shares of Common Stock (the "Control Shares") owned by Munoz for the aggregate purchase price of $300,000 (USD), which was an additional 918,800 shares of common stock. The Control Shares sold pursuant to the Agreement and the Amendment represents 70.877% of the issued and outstanding shares of the Company.

Additionally, Munoz had periodically advanced funds to the Company, which is reflected as Loans Payable, Related Party ("Related Party Loan") under Current Liabilities on the financial statements of the Company. The amounts due and owing by the Company to Munoz, as of December 31, 2021 was $253,300 (USD).

Additionally, as a result of a Sublease between the Company and Munoz, the financial statements reflect as Accounts Payable, Related Party ("Related Party Accounts Payable") under Current Liabilities on the financial statements of the Company, such amounts due and owing by the Company which as of December 31, 2021 was $27,000 (USD).

The Amendment provided that the full amount of any Related Party Loan and Related Party Accounts Receivable then owing as of the Closing of the transactions contemplated by the Purchase Agreement, were to be forgiven effective as of the Closing, in total amount of $280,300 (USD).

Prior to the Closing, the sole officer and director of the Company, pursuant to Section 17-16-810(c) of the Wyoming Business Corporations Act, which provides that a vacancy that will occur at a later date, by reason of a resignation effective at a later date under W.S. 17-16-807(b) or otherwise, may be filled before the vacancy occurs, but the new director may not take office until the vacancy occurs, appointed Javier the Sole Director, and President, Secretary, and Chief Financial Officer.

The Closing under the Agreement, the Amendment, and the Escrow occurred on January 18, 2023. At Closing Munoz transferred the Control Shares to Javier, the sole officer and director of the Company resigned, simultaneously with Javier becoming the Sole Director, the President, the Secretary, and Chief Financial Officer. At Closing, the balance of $225.000 (USD)was paid by the Escrow Agent to Munoz.

The transaction transferring control from Munoz to JJ C. Javier closed on January 18, 2023 and as described in detail above in Item 5.01, JJ C. Javier purchased all 25,943,800 shares of Common Stock (the "<u>Control Shares</u>") owned by Munoz for the aggregate purchase price of $300,000 (USD). The Control Shares sold pursuant to the Agreement and the Amendment represents 70.877% of the issued and outstanding shares of the Company, with JJ C. Javier acquiring the controlling interest in the 36,603,800, issued and outstanding shares, of the Company ("Change of Control").

**In Summary:**

Control was acquired by JJ C. Javier, whose address is, Unit 2102, One Global Place, 5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street, BGC, Taguig City 1630 Philippines and whose telephone number is +63 (2) 79433419.

The transaction transferring control from Munoz to JJ C. Javier closed on January 18, 2023 and is described in detail above in Item 5.01.

JJ C. Javier purchased all 25,943,800 shares of Common Stock (the "<u>Control Shares</u>") owned by Munoz for the aggregate purchase price of $300,000. The Control Shares sold pursuant to the Agreement and the Amendment represents 70.877% of the issued and outstanding shares of the Company, with JJ C. Javier acquiring the controlling interest in the 36,603,800 issued and outstanding shares of the Company ("Change of Control").

JJ C. Javier paid $300,000 (USD) for the Control Shares.

The source of the $300,000 (USD) paid by JJ C. Javier for the Control Shares was his personal funds. The transaction did not involve bank loans or investors funding.

Other than the Agreement, the Amendment, and the Escrow Agreement, there were no written or oral arrangements or understandings among member of both the former and new control groups and their associates with respect to election of directors or other matters. There are no arrangements, known to the registrant, including any pledge by any person of securities of the registrant or any of its parents, the operation of which may at a subsequent date result in a change in control of the registrant.

Item 5.01 Changes in Control of the Registrants, Subsection (8) provides: "if the registrant was a shell company, other than a business combination related shell company, as those terms are defined in Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2), immediately before the change in control, the information that would be required if the registrant were ﬁling a general form for registration of securities on Form 10 under the Exchange Act reﬂecting all classes of the registrant's securities subject to the reporting requirements of Section 13 (15 U.S.C. 78m) or Section 15(d) (15 U.S.C. 78o(d)) of such Act upon consummation of the change in control, with such information reﬂecting the registrant and its securities upon consummation of the transaction. Notwithstanding General Instruction B.3. to Form 8-K, if any disclosure required by this Item 5.01(a)(8) is previously reported, as that term is defined in in Rule 12b-2 under the Exchange Act (17 CFR 240.12b-2), the registrant may identify the ﬁling in which that disclosure is included instead of including that disclosure in this report.

**FORM 10 INFORMATION**

Item 5.01(a)(8) of Form 8-K states that if the registrant was a shell company, as IA Energy was immediately before the Change of Control, then the registrant must disclose the information that would be required if the registrant were filing a general form for registration of securities on Form 10. Accordingly, we are providing the information below that would be included in a Form 10 if we were to file a Form 10. Please note that the information provided below relates to the company after the Change of Control.

**FORWARD-LOOKING STATEMENTS**

This report contains statements that constitute "forward-looking statements." These forward-looking statements can be identified by the use of predictive, future-tense or forward-looking terminology like "believes," "anticipates," "expects," "estimates," "envision" or similar terms. These statements appear in a number of places in this report and include statements regarding our intent, belief or current expectations and those of our directors or officers with respect to, among other things: (i) trends affecting our financial condition or results of operations, (ii) our business and growth strategies, and (iii) our financing plans. You are cautioned that any forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Factors that could adversely affect actual results and performance include, among others, the effect of inflation and other negative economic trends and developments on the business of our customers and other barriers, government regulation and competition. All forward-looking statements attributable to us are expressly qualified in their entirety by the foregoing cautionary statement. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

**Item 1**. **Business**

***Company History***

IA Energy Corp., a Wyoming corporation, was a start-up global waste-to-energy company until ceasing and abandoning its business operations in 2021.

We were incorporated on January 6, 2016 in the state of Wyoming. Due to the Change of Control, our business office and mailing address is Unit 2102, One Global Place, 5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street, BGC, Taguig City 1630 Philippines, and our telephone number is +63 (2) 79433419.

IA Energy Corp. has never filed for bankruptcy and has never been subject to receivership or similar proceedings.

***Operational Overview***

Our operations from inception through the Company's ceasing and abandoning its operations in the Philippines in 2021, had been devoted primarily to start-up and development activities, which include: (i) formation of the Company; (ii) development of our business plan; (iii) development of our proprietary waste-to-energy technology; and (iv) marketing of our proprietary waste-to-energy technology. Prior to ceasing and abandoning its operations in the Philippines, significant research and development had been done in furtherance of the Company's focus to build and operate a pilot facility to process waste tires, but we had not completed development of the proprietary waste-to-energy technology.

As a result of the Company's ceasing and abandoning its operations in the Philippines, the Company currently has no business operations.

From our inception on January 6, 2016, until the ceasing and abandoning its operations in the Philippines in 2021, we have had limited operating activities. During the period from inception on January 6, 2016 through December 31, 2021 we have had no revenues. During the period from inception on January 6, 2016 to December 31, 2021 we have had operating expenses of $6,041,044 which have consisted mainly of consulting and business development expenses.

***Shell Status***

Since early 2020, the Company's business and research and development activities were adversely affected due to the COVID-19 pandemic, and in 2021 the Company ceased and abandoned its operations in the Philippines, and the Company currently does not have any business activities, and therefor is deemed to be a "shell' company, whose sole purpose at this time is to locate and consummate a merger or acquisition with a private entity or to develop and fund the execution of a new business plan.

**Business Objectives of the Company**

As a result of the Change of Control and the new management, we are currently seeking and investigating potential assets, property or businesses to acquire. Our Company's plan of operation for the next 12 months is to: (i) consider guidelines of industries in which we may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a "going concern" engaged in any industry selected. The Company is unable to predict the time as to when and if it may actually participate in any specific business endeavor, and will be unable to do so until it determines the particular industries.

Our Company is not currently engaged in any substantive business activity, and we have no plans to engage in any such activity in the foreseeable future. Regardless, the commencement of any business opportunity will be preceded by the consideration, development and adoption of a business plan by our Board of Directors.

We do not intend to restrict our search for business opportunities to any particular business or industry, and the areas in which we will seek out business opportunities or acquisitions, reorganizations or mergers may include, but will not be limited to, the fields of casino and resort management and development, technology, manufacturing, natural resources, service, research and development, communications, transportation, insurance, brokerage, finance and all medically related fields, among others.

Management intends to consider a number of factors prior to making any decision as to whether to participate in any specific business endeavor, none of which may be determinative or provide any assurance of success. These may include, but will not be limited to, as applicable, an analysis of the quality of the particular entity's management personnel; the anticipated acceptability of any new products or marketing concepts that it may have; the merit of its technological changes; its present financial condition, projected growth potential and available technical, financial and managerial resources; its working capital, history of operations and future prospects; the nature of its present and expected competition; the quality and experience of its management services and the depth of its management; its potential for further research, development or exploration; risk factors specifically related to its business operations; its potential for growth, expansion and profit; the perceived public recognition or acceptance of its products, services, trademarks and name identification; and numerous other factors which are difficult, if not impossible, to properly or accurately analyze, let alone describe or identify, without referring to specific objective criteria.

Regardless, the results of operations of any specific entity may not necessarily be indicative of what may occur in the future, by reason of changing market strategies, plant or product expansion, changes in product emphasis, future management personnel and changes in innumerable other factors.

Further, in the case of development of a new business venture the risks will be substantial, and there will be no objective criteria to examine the effectiveness or the abilities of its management or its business objectives. Also, a firm market for its products or services may yet need to be established, and with no past track record, the profitability of any such entity will be unproven and cannot be predicted with any certainty.

We are unable to predict the time as to when and if we may actually participate in any specific business endeavor. Our Company anticipates that proposed business ventures will be made available to us through personal contacts of directors, executive officers and principal stockholders, professional advisors, broker dealers in securities, venture capital personnel, members of the financial community and others who may present unsolicited proposals. In certain cases, we may agree to pay a finder's fee or to otherwise compensate the persons who submit a potential business endeavor in which our Company eventually participates. Such persons may include our directors, executive officers and beneficial owners our securities or their affiliates. In this event, such fees may become a factor in negotiations regarding any potential venture and, accordingly, may present a conflict of interest for such individuals.

**General Overview of Issues that May Impact the Company Going Forward**

***Covid-19.***

 ****

The coronavirus disease (COVID-19) pandemic has adversely affected, and other events (such as a significant outbreak of variations thereof or other infectious diseases could adversely affect), the economies and financial markets worldwide, and the business of any potential target business with which we consummate an initial business combination or business plan that we pursue, could be materially and adversely affected.

Furthermore, we may be unable to complete an initial business combination or business plan, if concerns relating to COVID-19 continue to restrict travel, limit the ability to have meetings with potential investors or the target company's personnel, vendors and services providers are unavailable to negotiate and consummate a transaction in a timely manner. The extent to which COVID-19 impacts our search for an initial business combination or development of a business plan will depend on future developments, which are highly uncertain and cannot be predicted, including added information which may emerge concerning the severity of COVID-19 and the actions to contain COVID-19 or treat its impact, among others.

If the disruptions posed by COVID-19 continue for an extensive period of time, our ability to consummate an initial business combination, or the operations of a target business with which we ultimately consummate an initial business combination, or development of a business plan may be materially adversely affected.

In addition, our ability to consummate a transaction may be dependent on our ability to raise additional equity and debt financing which may be impacted by COVID-19 and other events, including as a result of increased market volatility, decreased market liquidity in third-party financing being unavailable on terms acceptable to us or at all.

Further, the disruptions have negatively affected the stock market and investor sentiment. The perceived value of the Company and the price of our common stock may be affected as investors favor and seek less volatile or traditional companies (or assume more risk) during the times of market uncertainty and instability. Further, it is currently difficult to estimate with any certainty how long the pandemic and the effect on the economy will continue and its effect on the ability of the Company to locate and consummate a merger or acquisition or business combination with a private entity or develop a business plan.

***Russia Ukraine Conflict.***

The extent to which the Russia-Ukraine conflict impacts our search for an initial business combination or business plan development will depend on future developments, which are highly uncertain, cannot be predicted and may include but are not limited to the potential effect of bans, sanction programs, additional licensing requirements, and/or boycotts as they may have an effect on the merger or acquisition or business combination with a private entity or development of a business plan. The degree of uncertainty surrounding an existing or escalating conflict is uncertain and cannot be predicted, including added information which may emerge concerning the conflict and its impact. We have no basis to evaluate the possible risks of the Russia Ukraine conflict.

 ****

***Climate-Related Issues.***

The extent to which the Company may be required to make certain climate-related disclosures in connection with the business of any potential target business is unknown; however, the Company may be required to provide information about climate-related risks that are reasonably likely to have a material impact on the target business, its results of operations, or financial condition, and may be required to provide certain climate-related financial statement metrics in a note to the audited financial statements. We have no basis to evaluate the climate and climate related risks. The degree of uncertainty and impact cannot be predicted.

***Company is a Shell Company.***

At present, the Company is a development stage company with no revenues, nominal assets and no specific business plan or purpose. The Company's business plan is to seek new business opportunities or to engage in a merger or acquisition with an unidentified company. As a result, the Company is a shell company. Rule 405 and 12b-2 of the Exchange Act defines a shell company as an issuer that that has no or nominal operations and either (i) no or nominal assets, (ii) assets consisting solely of cash and cash equivalents; or (iii) assets consisting of any amount of cash and cash equivalents and nominal other assets.

A shell issuer may also be a blank check company or a blind pool company, a company in the developmental stage, any company that has no specific business plan or purpose, or a company that has as its business plan to merge with or acquire an unidentified third property. Accordingly, the Company may be required, under current and proposed new rules and amendments of the SEC, to provide enhanced disclosures for investor protection in the event that we engage in a merger or acquisition with an unidentified company substantially similar to those required in registration statements for an initial public offering or seek to raise investor funds to develop a new business plan.

***Effect of Amended Rule 15c2-11 on the Company's securities.***

The SEC released and published a Final Rulemaking on Publication or Submission of Quotations without Specified Information amending Rule 15c2-11 under the Exchange Act ("Rule 15c2-11," the "Amended Rule 15c2-11"). To be eligible for public quotations on an ongoing basis, Amended Rule 15c2-11's modified the "piggyback exemption" that required that (i) the specified current information about the company is publicly available, and (ii) the security is subject to a one-sided (i.e., a bid or offer) priced quotation, with no more than four business days in succession without a quotation.

Under Amended Rule 15c2-11, shell companies like the Company (and formerly suspended securities) may only rely on the piggyback exemption in certain limited circumstances. The Amended Rule 15c2-11 requires, among other requirements, that a broker-dealer has a reasonable basis for believing that information about the issuer of securities is accurate.

Our security holders may find it more difficult to deposit common stock with a broker-dealer, and if deposited, more difficult to trade the securities on the OTC Markets Group, Inc. Pink Open Market Platform ("Pink Sheets"). The Company intends to provide the specified current information under the Exchange Act but there is no assurance that a broker-dealer will accept our common stock or if accepted, that the broker-dealer will rely on our disclosure of the specified current information.

***Unavailability of Rule 144 for Resale****.*

Rule 144(i) "Unavailability to Securities of Issuers With No or Nominal Operations and No or Nominal Non-Cash Assets" provides that Rule 144 is not available for the resale of securities initially issued by an issuer that is a shell company. We have identified our company as a shell company and, therefore, the holders of our securities may not rely on Rule 144 to have the restriction removed from their securities without registration or until the Company is no longer identified as a shell company and has filed all requisite periodic reports under the Exchange Act for the period of twelve (12) months.

As a result of our classification as a shell company, our investors are not allowed to rely on the "safe harbor" provisions of Rule 144, promulgated pursuant to the Securities Act of 1933, as amended ("Securities Act"), so as not to be considered underwriters in connection with the sale of our securities until one year from the date that we cease to be a shell company. This will likely make it more difficult for us to attract additional capital through subsequent unregistered offerings because purchasers of securities in such unregistered offerings will not be able to resell their securities in reliance on Rule 144, a safe harbor on which holders of restricted securities usually rely to resell securities.

**Item 1A. Risk Factors**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**Item 2. Financial Information.**

**Management's Discussion and Analysis of Financial Condition and Results of Operations (Item 303)**

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and related notes to the financial statements included in the Company's previous filings for FYE 2021 and the quarterly reports filed on Form 10Q for fiscal year 2022. The Company's next filing on Form 10-K is due March 31, 2023. Due to the Closing of the Change of Control on January 18, 2023, all information in this Management's Discussion and Analysis of Financial Condition and Results of Operations relates only the Company's Financial Condition and Results of Operation through the third quarter ending September 30, 2023.

Some of the statements under "Management's Discussion and Analysis" and elsewhere herein may include forward-looking statements which reflect our current views with respect to future events and financial performance. These statements include forward-looking statements both with respect to us specifically and the industry in general. Statements which include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will," and similar statements of a future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. The safe harbor provisions of the federal securities laws do not apply to any forward-looking statements contained in this registration statement.

All forward-looking statements address such matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements you read herein reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our written and oral forward-looking statements attributable to us or individuals acting on our behalf and such statements are expressly qualified in their entirety by this paragraph.

You should read the following discussion of the Company's financial condition and results of operations in conjunction with the financial statements and related notes included in the filing of the company's Form 10-K filed on January 5, 2023 and the Form 10-Q filed on January 13, 2023, for the quarter ending September 30, 2022.

**Overview**

IA Energy Corp., a Wyoming corporation, was a start-up global waste-to-energy company, incorporated on January 6, 2016 in the state of Wyoming. Prior to the Change of Control on January 18, 2023, our business office was in Long Beach, CA 90831, U.S.A. As a result of the Change of Control, our business office and mailing address is Unit 2102, One Global Place, 5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street, BGC, Taguig City 1630 Philippines, and our telephone number is +63 (2) 79433419.

Our operations from inception, through the Company's ceasing and abandoning its operations in the Philippines in 2021, were devoted primarily to start-up and development activities, which include: (i) formation of the Company; (ii) development of our business plan; (iii) development of our proprietary waste-to-energy technology; and (iv) marketing of our proprietary waste-to-energy technology. Prior to ceasing and abandoning its operations in the Philippines, significant research and development had been done in furtherance of the Company's focus to build and operate a pilot facility to process waste tires, but we had not completed development of the proprietary waste-to-energy technology.

As a result of the Company's ceasing and abandoning its operations in the Philippines, the Company currently has no business operation.

From our inception on January 6, 2016, until the ceasing and abandoning its operations in the Philippines, we have had limited operating activities. During the period from inception on January 6, 2016 until the date of this Form 8-K, we have had no revenues. During the period from inception on January 6, 2016 to September 30, 2022 we had operating expenses of $6,046,234 which consisted mainly of consulting and business development expenses.

**Shell Status**

As a result of the Company's ceasing and abandoning its operations in the Philippines, the Company is deemed to be a shell company (as defined in Rule 12b-2 of the Exchange Act).

**Emerging Growth Company**

As an emerging growth company, we are exempt from Section 404(b) of Sarbanes Oxley. Section 404(a) requires Issuers to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting. This statement shall also assess the effectiveness of such internal controls and procedures. Section 404(b) requires that the registered accounting firm shall, in the same report, attest to and report on the assessment and the effectiveness of the internal control structure and procedures for financial reporting.

As an emerging growth company, we are also exempt from Section 14A (a) and (b) of the Securities Exchange Act of 1934 which require the shareholder approval of executive compensation and golden parachutes. These exemptions are also available to us as a Smaller Reporting Company.

**Liquidity and Capital Resources**

Since inception, the Company has financed its operations through a series of loans and sales of common stock. As of September 30, 2022, our primary source of liquidity consisted of $466 in cash and cash equivalents. In the period after the Change of Control, we may seek to secure additional debt or equity capital to finance substantial business development initiatives.

**Results of Operations**

Following is our discussion of the relevant items affecting results of operations for the three and nine-month periods ended September 30, 2022, and 2021.

*Revenues.* For the three and nine months ended September 30, 2022, and 2021, net revenues were $-0-.

 

*Consulting and business development.* Consulting and business development fees for the three and nine months ended September 30, 2022, and 2021 were $-0-. The Company anticipates that consulting and business development fees will increase with an increase in operations.

*Professional and accounting fees.* Professional and accounting fees for the three months ended September 30, 2022, and 2021 were $150 and $8,189, respectively. Professional and accounting fees for the nine months ended September 30, 2022, and 2021 were $450 and $33,845, respectively. Professional fees consist mainly of the fees related to the audits and reviews of the Company's financial statements as well as the filings with the Securities and Exchange Commission. The Company anticipates that professional fees will increase commensurate with an increase in operations.

*Other selling, general and administrative expenses.* Other selling, general and administrative expenses for the three months ended September 30, 2022, and 2021 were $1,560 and $1,864, respectively. Other selling, general and administrative expenses for the nine months ended September 30, 2022, and 2021 were $4,740 and $6,177, respectively. We expect that selling, general and administrative expenses will increase as we add personnel to build our business.

*Other Income (Expense).* The Company had net other expenses of $-0- for the three and nine months ended September 30, 2022, and 2021.

**Off-Balance Sheet Arrangements**

The Company has no off-balance sheet arrangements.

**Critical Accounting Policies and Estimates**

Due to the lack of current operations and limited business activities, the Company does not have any accounting policies that it believes are critical to facilitate an investor's understanding of the Company's financial and operating status.

**Item 305 - Quantitative and qualitative disclosures about market risk.**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**Item 3.** **Properties**

Due to the Change of Control, our business office and mailing address is Unit 2102, One Global Place, 5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street, BGC, Taguig City 1630 Philippines, and our telephone number is +63 (2) 79433419.

The Company has no assets, property or business; its principal executive office address and telephone number are the business office address and telephone number of the new control shareholder, JJ C. Javier, and are currently provided at no cost. Because the Company has had no business, and because the Change of Control was effective January 18, 2023, the costs to Mr. Javier of providing the use of his office and telephone have been minimal.

**Item 4. Securities Ownership of Certain Beneficial Owners and Management.**

We have determined beneficial ownership as shown in the following two tables in accordance with the rules of the SEC. We believe, based on the information furnished to us, that the persons and entities named in the two tables below have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to applicable community property laws. Applicable percentage ownership as shown in the two tables below is based on 36,603,800 shares of common stock outstanding on the date of the Change of Control.

In computing the number of shares of common stock beneficially owned by a person and the percentage ownership of that person, we deemed as outstanding shares of common stock subject to options held by that person that are currently exercisable. However, we did not deem these shares outstanding for the purpose of computing the percentage ownership of any other person.

***Security Ownership of Certain Beneficial Owners***

The following table shows the amount of common stock beneficially owned by holders of more than 5% of the outstanding shares of any class of our voting securities.

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| | | | |
|:---|:---|:---|:---|
| **Title of Class** | **Name and Address of Beneficial**<br> **Owner** | **Amount and Nature of Beneficial Owner** | **Percent of Class** |
| Common Stock | JJ C. Javier<br> Unit 2102, One Global Place,<br> 5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street,<br> BGC, Taguig City 1630 Philippines | 25943800 | 70.87% |
| Common Stock | OZS Management Consultancy Services<br> 310 San Miguel Magalang<br> Pampanga, Philippines 2011 | 4950000 | 13.52% |
| Common Stock | Lady Jho Pineda Dimitui<br> 310 San Miguel Magalang<br> Pampanga, Philippines 2011 | 4950000 | 13.52% |

---

***Security Ownership of Management***

The following table sets forth the amount and nature of beneficial ownership of any class of our voting securities held by all of the Company's current directors and executive officers.

---

| | | | |
|:---|:---|:---|:---|
| **Title of**<br> **Class** | **Name and Address of Beneficial**<br> **Owner** | **Amount and Nature of Beneficial Owner** | **Percent of Class** |
| Common Stock | JJ C. Javier<br> Unit 2102, One Global Place,<br> 5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street,<br> BGC, Taguig City 1630 Philippines | 25943800 | 70.87% |
| Common Stock | Directors and Executive<br> Officers as a Group<br> (1 Person) | 25943800 | 70.87% |

---

There are no arrangements, known to the registrant, including any pledge by any person of securities of the registrant or any of its parents, the operation of which may at a subsequent date result in a change in control of the registrant.

**Item 5. Directors and Executive Officers**

***Identification of directors and executive officers***

Our current sole director and executive officer of the Company is as follows:

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| | | | |
|:---|:---|:---|:---|
| <br> **Name** | <br> **Age** | **Title** | **Director Since** |
| JJ C. Javier | 42 | Director, President, CEO, CFO and Secretary | January 18, 2023 |

---

All of the Company's directors hold office until the next annual general meeting of the stockholders or until their successors are elected and qualified. The officers are appointed by our Board of Directors and hold office until their earlier death, retirement, resignation or removal.

***Significant Employees***

There are no significant employees other than Mr. Javier.

***Family Relationships***

There are no family relationships between any directors or executive officers of the Company, either by blood or by marriage.

***Business Experience***

The business experience during the past five years of each of the persons presently listed above as an Officer or Director of IAEC or a Significant Employee is as follows:

**JJ C. Javier** was appointed as the Sole Director, President, Chief Executive Officer, Chief Financial Officer on January 18, 2023, as a result of the Change of Control. JJ C. Javier purchased the 36,603,800 shares of common stock, the Control Shares representing 70.877% of the issued and outstanding shares of the Company.

Mr. Javier is the President/CEO of several companies in the Philippines: 1BlueJay Corp, J&Co Development Corp., Monsalivier Construction and Development Company, Rockview Valley Agricultural Coop., Barangayanihan Inc. (Foundation), Agriworld Corporation, Vient Realty Corp., and Vient Land Corp.

Mr. Javier has spearheaded multiple companies both locally in the Philippines, and internationally. with decades of experience as an entrepreneur. As a motivational speaker, Mr. Javier, throughout his career, has helped many people and companies, from different industries, to achieve success. Mr. Javier aims to help the Philippines by creating businesses that can compete globally in this growing economy.

Mr. Javier is a graduate of Bachelor of Science in Political Science from Arellano University, with Latin Honor (Cum Laude), and resides in Parañaque, Philippines.

***Directorships***

No Director of the Company or person nominated or chosen to become a Director holds any other directorship in any company with a class of securities registered pursuant to section 12 of the Exchange Act or subject to the requirements of section 15(d) of such Act or any other company registered as an investment company under the Investment Company Act of 1940.

**Item 11. Executive Compensation**

**Summary Compensation Table**

The following table summarizes the total compensation for the two fiscal years ended December 31, 2021 of each person who served as our principal executive officer or principal financial and accounting officer collectively, (the "Named Executive Officers") including any other executive officer who received more than $100,000 in annual compensation from the Company. We did not award cash bonuses, stock options or non-equity incentive plan compensation to any Named Executive Officer during the two fiscal years ended December 31, 2021 and 2020; thus these items are omitted from the table below:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br> **Name and**<br> **Principal Position** | **Year Ended Dec. 31** | **Salary**<br> **($)** | **Stock**<br> **Award(s)**<br> **($)** | **Option Awards $** | **Non-Equity Incentive Plan Compensation** | **All Other Compensation ($)** | **Total ($)** |
| **Thomas K. Emmitt** | 2021 | $– |  |  |  |  |  |
| **CEO, President,** | 2020 | $– |  |  |  |  |  |

---

As of the Change of Control which closed on January 18, 2023, JJ C. Javier, as President, CEO, CFO and Secretary is not receiving any form of compensation and it is anticipated that he will not receive any compensation for the foreseeable future.

***Compensation of Directors***

Each director may be reimbursed for certain expenses incurred in attending board of directors and committee meetings.

There are no employment contracts, compensatory plans or arrangements, including payments to be received from the Company with respect to any Director that would result in payments to such person because of his or her resignation with the Company, or its subsidiaries, any change in control of the Company IAEC. There are no agreements or understandings for any Director to resign at the request of another person. None of our Directors or executive officers' acts or will act on behalf of or at the direction of any other person.

***Outstanding Equity Awards at Fiscal Year-End***

There are no outstanding equity awards to our Named Executive Officers or directors as of December 31, 2022.

**Item 7**. **Certain Relationships And Related Transactions, And Director Independence**

***Certain Relationships and Related Transactions***

We occupy office space in accordance with an oral sublease from JJ C. Javier. As of the date of filing this Form 8-K, no rent has been paid and it has not been determined, when, and if, such rent will be assessed.

***Review, Approval or Ratification of Transactions with Related Persons***

Not Applicable.

***Promoters and Certain Control Persons***

Other than the Change of Control closing on January 18, 2023, there have been no material transactions, series of similar transactions, currently proposed transactions, or series of similar transactions, to which the Company is to be a party, in which any promoter or founder, or any member of the immediate family of any of the foregoing persons, had a material interest.

***Director Independence***

Our Board of Directors has not established Audit, Compensation, and Nominating or Governance Committees as standing committees. The Board does not have an executive committee or any committees performing a similar function. We are not currently listed on a national securities exchange or in an inter-dealer quotation system that has requirements that a majority of the board of directors be independent. Our director and sole officer, JJ C. Javier is not "independent" under the definition set forth in the listing standards of the NASDAQ Stock Market, Inc., which is the definition that the Board has chosen to use for the purposes of determining independence, as the OTC Markets does not provide such a definition.

**Item 8. Legal Proceedings**

The Company is not a party to any pending legal proceeding. To the knowledge of management, no federal, state or local governmental agency is presently contemplating any proceeding against the Company. No director, executive officer or affiliate of the Company or owner of record or beneficially of more than five percent of the Company's common stock is a party adverse to the Company or has a material interest adverse to the Company in any proceeding.

**Item 9**. **Market Price of and Dividends on the Registrant's Common Equity and Related Stockholder Matters** 

***Market Information***

Currently, our securities are not traded on any market.

***Holders***

We had 34 registered stockholders of record of our common stock as of January 13, 2023. Registered holders do not include those stockholders whose stock has been issued in street name.

***Dividends***

Common Stock - No dividends have ever been paid on the Common Stock and the Company does not currently anticipate paying any cash or other dividends on the Common Stock. Future dividend policy will be determined by the Board of Directors of the Company in light of prevailing financial need and earnings, if any, of the Company and other relevant factors.

Preferred Stock - Under our articles of incorporation, our Board of Directors is authorized, without stockholder action, to issue preferred stock in one or more series and to fix the number of shares and rights, preferences, and limitations of each series. Among the specific matters that may be determined by the Board of Directors are the dividend rate, the redemption price, if any, conversion rights, if any, the amount payable in the event of any voluntary liquidation or dissolution of our company, and voting rights, if any. As of the date of this report, no shares of preferred stock were issued and outstanding.

***Securities Authorized for Issuance Under Equity Compensation Plans***

As of December 31, 2022 the Company has not adopted any equity compensation or similar type of plans.

***Issuer Purchases of Equity Securities***

There were no stock repurchases during the year ended December 31, 2022.

**Item 10. Recent Sales of Unregistered Securities.**

None.

**Item 11. Description of Registrant's Securities to be Registered.**

Not applicable.

**Item 12. Indemnification of Directors and Officers**

Our Articles of Incorporation and Bylaws, subject to the provisions of Wyoming Law, contain provisions which allow the corporation to indemnify Officers, Directors, and Agents against liabilities and other expenses incurred as the result of defending or administering any pending or anticipated legal issue in connection with service to us if it is determined that person acted in good faith and in a manner which he reasonably believed was in the best interest of the corporation. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.

**Item 13. Financial Statements and Supplementary Data**

The disclosure required by this Item is contained in the Company's Form 10-K, for the period ending December 31, 2022, filed January 5, 2023, and in the Company's Form 10Q for the quarter ending September 30, 2023, filed January 13, 2023. (Article 8 of Regulation SX, 210.8-08(a)).

**Item 14**. **Changes In And Disagreements With Accountants On Accounting And Financial Disclosure**

None.

**Item 15. Financial Statements and Exhibits.**

(a) There are no financial statements filed.

**<u>END FORM 10 INFORMATION</u>**

**FORM 8-K**

Item 5.01(a) The disclosure required by this Item is contained in the Company's Form 10-K, for the period ending December 31, 2022, filed January 5, 2023, and in the Company's Form 10Q for the quarter ending September 30, 2023, filed January 13, 2023. (Article 8 of Regulation SX, 210.8-08(a)).

Item 5.01(b) Other than the Agreement, the Amendment, and the Escrow Agreement, there were no written or oral arrangements or understandings among member of both the former and new control groups and their associates with respect to election of directors or other matters. There are no arrangements, known to the registrant, including any pledge by any person of securities of the registrant or any of its parents, the operation of which may at a subsequent date result in a change in control of the registrant.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits** |

---

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| 99.1 | [Stock Purchase Agreement](iaenergycorp_ex9901.htm) |
| 99.2 | [Escrow Agreement](iaenergycorp_ex9902.htm) |
| 99.3 | [First Amendment to Stock Purchase Agreement](iaenergycorp_ex9903.htm) |
| 99.4 | [Joint Written Irrevocable Instructions to Escrow Agent](iaenergycorp_ex9904.htm) |
| 104 | Cover Page Interactive Data File (formatted in inline XBRL, and included in exhibit 101). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

---

| | |
|:---|:---|
| IA Energy, Corp. | IA Energy, Corp. |
| By | /s/ JJ C. Javier |
|  | Name: JJ C. Javier<br> Title: President, CEO, CFO, Secretary, Sole Director |

---

Date: January 24, 2023

## Exhibit 99.1

**Exhibit 99.1**

**STOCK PURCHASE AGREEMENT**

This Stock Purchase Agreement (this "<u>Agreement</u>") is entered into effective as of the date of the last signature (the "<u>Effective Date</u>"), by and between IA Energy Corp., Wyoming corporation (the "<u>Company</u>"), John R. Munoz (the "<u>Seller</u>"), and JJ C. Javier (the "<u>Purchaser</u>").

**Recitals**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Whereas, the Company is authorized to issue 500,000,000 shares of common stock, par value $0.0001 per share, of which 36,603,800 shares are issued and outstanding, and 20,000,000 shares of preferred stock, par value $0.0001 per share, of which no preferred shares have been issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Whereas, Seller is the beneficial and owners of record of 25,025,000 Shares of Common Stock (the "<u>Control Shares</u>") of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Whereas, the Company is a non-trading, reporting company and is currently delinquent in the filing of the following periodic reports (the " <u>Delinquent SEC Reports</u>") with the Securities and Exchange Commission (the "<u>SEC</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Quarterly Report on Form 10-Q for the quarter ended 9/30/2021;

(ii) Annual Report on Form 10-K for the year ended 12/31/2021;

(iii) Quarterly Report on Form 10-Q for the quarter ended 3/31/2022;

(iv) Quarterly Report on Form 10-Q for the quarter ended 6/30/2022; and

(v) Quarterly Report on Form 10-Q for the quarter ended 9/30/2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; D. Whereas, the Company is currently not in good standing in the state of Wyoming.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Whereas, Purchaser desires to purchase the Control Shares from the Seller for an aggregate purchase price of $300,000 (the "<u>Purchase Price</u>") in a private sale that is not a part of a distribution or public offering, on the terms and conditions set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Whereas, to facilitate (i) the required audit and or review of the requisite financial statements by a qualified PCAOB for Company to complete and file the delinquent SEC Reports, (ii) bringing the Company into good standing in the State of Wyoming, and (iii) the purchase, sale, and delivery of the Control Shares, the Purchaser, Seller and Chachas Law Group, PC (the "<u>Escrow Agent</u>") have entered into an escrow agreement (the "<u>Escrow Agreement</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. Whereas, pursuant to this Agreement and the Escrow Agreement (i) Purchaser will deliver to and deposit with Escrow Agent the Purchase Price of $300,000, (ii) Purchaser authorizes the disbursement of the $75,000 to the Company, (iii) the Company shall use the Non-Refundable Payment to complete the requisite audits and other task as required to facilitate the filing of the Delinquent SEC Reports and to bring the Company into good standing in the State of Wyoming, and (iv) Seller will deliver to the Escrow Agent the resignations of the current officers and directors of the Company (the "<u>Resignations</u>"), original certificates or an account statement if held in Book Entry, representing the Control Shares (the "<u>Certificate</u>"), duly executed irrevocable stock powers endorsed in blank with the signature medallion guaranteed (the "<u>Stock Powers</u>") for the transfer of the Control Shares to be held and delivered in accordance with the terms of this Agreement and the Escrow Agreement.

**<u>AGREEMENT</u>**

NOW, THEREFORE, on the foregoing premises, which are incorporated herein by reference, and for and in consideration of the mutual promises and covenants set forth in the Agreement, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

**ARTICLE 1.**

**<u>PURCHASE AND SALE OF SECURITIES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.1 <u>Sale and Purchase</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions of this Agreement, Seller agrees to sell the Control Shares to Purchaser, and Purchaser agrees to purchase the Control Shares from Seller for the purchase price of $300,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Purchaser herewith acknowledges and agrees that $75,000 of the Purchase Price (the "<u>Non-Refundable Payment</u>") shall be non-refundable and Escrow Agent shall be directed to transfer the $75,000 Non-Refundable Payment to the Company's counsel in payment of such costs, expenses and fees required and in order for the Company to (i) facilitate the Company filing the delinquent SEC Reports and (ii) bringing the Company into good standing in the State of Wyoming.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Conditions Precedent to Closing</u>. The sale and purchase of the Control Shares is conditioned on the satisfaction, on or prior to the Closing, of 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;(a) Purchaser's deposit of the Purchase Price with the Escrow Agent in accordance with the Section 3.1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Purchaser delivery of such written authorization as requested by Escrow Agent and the deliver by Escrow Agent of $75,000 Non-Refundable Payment as provided in Section 1.1(b) which shall become non-refundable to Purchaser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Seller' deposit of the Resignations, Certificates and Stock Power with the Escrow Agent in accordance with Section 3.1; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company shall have filed the Delinquent SEC Reports and any periodic filings then due and has become in good standing in the State of Wyoming, no later than forty- five (45) days following the Effective Date of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.3 <u>Termination</u>*.*

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement may be terminated by Purchaser at any time for any reason or no reason, in Purchasers absolute and sole discretion, prior to the delivery and deposit of the Purchase Price with Escrow Agent. If this Agreement is terminated by Purchaser prior to the deliver and deposit of the Purchase Price with Escrow Agent no party shall have any right, remedy, claim for relief, or cause of action against any other party in connection herewith, and each shall pay its own legal and other costs incurred in negotiating, executing, and performing its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) After delivery and deposit of the Purchase Price with Escrow Agent and Escrow Agent's transfer of the $75,000 Non-Refundable Payment to the Company, the Purchaser may in the Purchaser's absolute and sole discretion, terminate this agreement, but the $75,000 Non- Refundable Payment will be non-refundable and Purchaser shall only be entitled to the return of the balance of the purchase price of $225,000, upon the receipt of which no party shall have any right, remedy, claim for relief, or cause of action against any other party in connection herewith, and each shall pay its own legal and other costs incurred in negotiating, executing, and performing its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If Purchaser timely terminates this Agreement in accordance with Section 1.2(a) 1.2(b) above, Purchaser shall execute and deliver to Seller and Escrow Agent written notice of Purchaser's election to terminate this Agreement and upon the Escrow Agents delver of the respective sums of the Purchase Price as provided in Section 1.2(a) or (b) above, Escrow Agent shall also deliver the Certificates and Stock Powers to the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Purchaser and Seller agrees that they will have no right, remedy, claim for relief, or cause of action against the Escrow Agent for returning the such portion of the Purchase Price as provided in Section 1.2(a) or 1.2(b) above, and the deliver the Certificates and Stock Powers to the Seller, and Purchaser, Seller and the Company agree to sign such Joint Written Direction as Escrow Agent shall request.

**ARTICLE 2.**

**<u>CLOSING</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>The Closing</u>. The sale and purchase of the securities contemplated by this Agreement shall be consummated (the "<u>Closing</u>") within seven (7) days of the date that the Company has file the delinquent and current due SEC Reports and has become in good standing in the State of Wyoming, but not later than forty-five (45) days following the Effective Date of this Agreement, through the offices of the Escrow Agent unless extended by mutual written agreement of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Deliveries on Closing; Joint Written Direction.</u> At such time as the condition set forth in Section 2.1, have been satisfied, the Company shall notify the Purchasers and within seven (7) days the Purchaser, the Seller and the Company shall execute and deliver to Escrow Agent a Joint Written Direction in such form as acceptable to Escrow Agent directing Escrow Agent to disburse the balance of the Purchase Price to Seller as the Seller shall mutually direct Escrow Agent, and deliver the Certificates, Stock Powers and Resignations, to the Purchaser

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Issuance Expenses</u>. Seller shall pay for all costs and expenses of reissuing and delivering the Certificates, including all transfer taxes, if any, respecting the issuance and delivery of the Control Shares to the Purchaser.

**ARTICLE 3.**

**<u>ADDITIONAL COVENANTS AND AGREEMENTS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.1 <u>Delivery of Escrow Deposit to Escrow 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;(a) <u>Purchaser's Delivery</u>. Within five (5) days of the Effective Date, Purchaser shall deliver and deposit the Purchase Price with Escrow Agent to be held and delivered in accordance with the terms of this Agreement and the Escrow 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;(b) <u>Seller' Delivery</u>. Within fifteen (15) days of the Effective Date, Seller shall deliver the Resignations, Certificates and Stock Powers to Escrow Agent to be held and delivered in accordance with the terms of this Agreement and the Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 A<u>ppropriate Action; Consents; Filings</u>. The Company, Purchaser and Seller shall use, and Seller shall cause the Company and each of its subsidiaries, if any, to use, all reasonable efforts to (a) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper, or advisable under applicable laws or otherwise to consummate and make effective the transactions contemplated by this Agreement, and (b) make all necessary filings, and thereafter make any other required submissions, respecting this Agreement required under (i) the Securities Act of 1933, as amended ("<u>Securities Act</u>") and the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>") and the rules and regulations thereunder, and any other applicable federal or state securities laws, and (ii) any other applicable law; and Purchaser and Seller shall cooperate with each other in connection with the making of all such filings, including providing copies of all such documents to the other party and its advisors prior to such filings and, if requested, shall accept all reasonable additions, deletions, or changes suggested in connection therewith. Purchaser and Seller shall furnish all information required for any application or other filing to be made pursuant to the rules and regulations of any applicable law in connection with the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Further Assurances</u>. Each party shall use all reasonable efforts to: (a) take, or cause to be taken, all appropriate action, and do, or cause to be done, all things necessary, proper, or advisable under applicable law or otherwise to consummate and make effective the transactions contemplated by this Agreement; (b) make all necessary filings, and thereafter make any other required submissions, respecting this Agreement required under: (i) the Securities Act and the Exchange Act, and the rules and regulations thereunder, and any other applicable federal or state securities laws; and (ii) any other applicable law; and, each party shall cooperate with the other in connection with the making of all such filings, including providing copies of all such documents to the other party and its advisers prior to the filings and, if requested, shall accept all reasonable additions, deletions, or changes suggested in connection therewith. Each party shall furnish all information required for any application or other filing to be made pursuant to the rules and regulations of any applicable law in connection with the transactions contemplated by this Agreement.

**ARTICLE 4.**

**<u>REPRESENTATIONS OF SELLER</u>**

Seller hereby represent, covenant, and warrant as follows to the Purchaser, as of the date of Seller' execution of this Agreement and at and as of the Closing Date, to survive the closing of the transactions contemplated by this Agreement, and to continue in accordance with the terms hereof (except as otherwise expressly set forth in Article 6), as set forth in this Article 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Organization and Qualification</u>. The Company is a corporation duly organized under the laws of the state of Wyoming and is currently not in good standing. As of the Closing the Company will be validly existing and in good standing under the laws of the state of Wyoming. As of the Closing the Company shall be duly qualified or otherwise authorized to transact business as a foreign corporation and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse effect on the operations or financial condition of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Capitalization</u>. The Company is authorized to issue 500,000,000 shares of common stock, par value $0.0001 per share, of which 36,603,800 shares are issued and outstanding, and 20,000,000 shares of preferred stock, par value $0.0001 per share, of which no preferred shares have been issued. The Company has no outstanding options, warrants, or other rights to acquire capital stock as of the date of this Agreement. All of the issued and outstanding shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and non-assessable and not issued in violation of the preemptive right of any person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Ownership of Control Shares</u>. The Control Shares are legally issued, fully paid, and non- assessable and that Seller owns the Control Shares to be sold and conveyed to Purchaser pursuant to this Agreement free and clear of any and all liens, claims, and encumbrances. The consummation of the transactions contemplated in accordance with the terms of this Agreement shall vest in the Purchaser full ownership of the Control Shares, free and clear of any and all liens, claims, and encumbrances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <u>Authority for Agreement</u>. This Agreement has been duly executed and delivered by Seller. This Agreement constitutes the valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium and similar laws affecting the rights and remedies of creditors generally and to general principles of equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <u>Sale of Control Shares</u>*.* The Control Shares, when delivered against payment therefor in accordance with the terms of this Agreement and the Escrow Agreement, will be duly and validly issued, fully paid and non-assessable, and not issued in violation of the preemptive right of any person. Based in part on the representations made by or on behalf of the Purchaser in Article 5 hereof, the offer and sale of the Control Shares pursuant to this Agreement are exempt from registration under the Securities Act, and applicable state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 <u>No Breach.</u> Neither the execution, delivery nor performance of this Agreement by Seller will (a) conflict with or violate any provision of the articles of incorporation or bylaws of the Company as in effect as of the date hereof, (b) require on the part of the Company any permit, authorization, consent or approval of, any governmental entity, (c) result in breach of, constitute a default under, or require any notice, consent or waiver under, any contract, agreement or other instrument to which Seller or the Company is a party or by which it is bound (other than any consent or waiver which has already been obtained), or (d) violate any order, writ, injunction, decree, statute, rule or regulation applicable to Seller or the Company, excluding from all of the foregoing such matters as would not in the aggregate have a material adverse effect on the assets, business or financial condition of Seller or upon the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.7 <u>Reports, Financial Statements, and Due Diligence Information</u>*.*

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>SEC Reports</u>. True and complete copies of all Annual Reports on Form 10-K; all Quarterly Reports on Form 10-Q; all proxy, information, or consent solicitation statements relating to meetings of shareholders or consents in lieu thereof (whether annual or special); all current reports on Form 8-K; and all other reports, schedules, registration statements, or other documents, and amendments thereto, filed with the SEC by the Company since its inception (the "<u>SEC Reports</u>") are available to Seller through the SEC's website at www.sec.gov. The Company has not filed the Delinquent SEC Reports as stated in Recital C.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Financial Statements</u>. The financial statements of the Company included in SEC Reports (including the Delinquent SEC Reports to be filed), shall (i) have been audited and or review as required by applicable SEC rules, by a qualified PCAOB auditor, (ii) comply as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, (iii) have been prepared in accordance with generally accepted accounting principles applied on a consistent basis throughout the periods covered thereby (except as may be indicated therein or in the notes thereto), (iv) fairly present the financial condition, results of operations and cash flows of the Company as of the respective dates thereof and for the periods referred to therein, and (v) be consistent with the books and records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 <u>No Actions and Proceedings</u>. There are no actions, suits or claims or legal or arbitral proceedings or governmental inquiries or investigations, pending, or, to Seller's knowledge, any threatened against Seller or the Company, which questions the validity of this Agreement or the right of Seller to enter into it, or which might result, either individually or in the aggregate, in any material adverse change in the business, prospects, assets or condition, financial or otherwise, of Seller or the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 <u>Accuracy of Information</u>*.* The information contained in SEC Reports and the Delinquent SEC Reports when filed, and the Information delivered to Purchaser under section 3.2, as of their respective dates, did not and 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, in light of the circumstances under which they were made, not misleading.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10 <u>Brokerage</u>. No broker, finder, agent, or similar intermediary has acted on behalf of Seller in connection with the Agreement or the transactions contemplated hereby, and there are no brokerage commissions, finder's fees, or similar fees or commissions payable in connection therewith based on any agreement, arrangement or understanding with Seller.

**ARTICLE 5.**

**<u>REPRESENTATIONS OF PURCHASER</u>**

Purchaser hereby represents, covenants, and warrants as follows to Seller, as of the date of Purchaser's execution of this Agreement and at and as of the Closing Date, to survive the closing of the transactions contemplated by this Agreement, and to continue in accordance with the terms hereof (except as otherwise expressly set forth in Article 6), as set forth in this Article 5.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Authority for Agreement.</u> The execution and delivery of this Agreement by Purchaser and the consummation by Purchaser of the transactions contemplated hereby have been duly authorized by all necessary action, and no other authorization or consent from any third party on behalf of or respecting Purchaser is necessary to authorize this Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by Purchaser and, assuming the due authorization, execution, and delivery thereof by Seller, constitutes the legal, valid, and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms, except that (a) such enforcement may be subject to applicable bankruptcy, insolvency, or other similar laws, now or hereafter in effect, affecting creditors' rights generally, and (b) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to 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;5.2 <u>Accredited Investor</u>. The Purchaser is an "Accredited Investor" as that term is defined in Rule 501 of Regulation D promulgated under the Securities Act. The Purchaser has sufficient knowledge and experience in investing in companies similar to the Company so as to be able to evaluate the risks and merits of its investment in the Company and is able financially to bear the risks thereof, including a complete loss of its entire investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Restrictions on Transfer</u>*.* The Purchaser understands that the Control Shares have not been registered, but are being acquired by reason of a specific exemption under the Securities Act as well as under certain state statutes for transactions by an issuer not involving any public offering. The Purchaser acknowledges that the Control Shares must be held and may not be sold, transferred, or otherwise disposed of for value unless subsequently registered under the Securities Act or an exemption from such registration is available. The Company's registrar and transfer agent will maintain a stop-transfer order against the registration of transfer of the Control Shares, and the Certificate will bear a legend in substantially the following form so restricting the sale of the securities:

**The securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), and are "restricted securities" within the meaning of Rule 144 promulgated under the Securities Act. The securities have been acquired for investment and may not be sold or transferred without complying with Rule 144 in the absence of an effective registration or other compliance under the Securities Act.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Brokerage</u>. No broker, finder, agent or similar intermediary has acted on behalf of Purchaser in connection with the Agreement or the transactions contemplated hereby, and there are no brokerage commissions, finder's fees or similar fees or commissions payable in connection therewith based on any agreement, arrangement or understanding with Purchaser.

**ARTICLE 6.**

**<u>SURVIVAL</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 The representations and warranties made by the parties in this Agreement and all of the covenants of the parties in this Agreement shall survive the execution and delivery of this Agreement and shall expire on the 6-month anniversary of the Closing Date. Any claim for indemnification shall be effective only if notice of such claim is given by the party claiming indemnification or other relief on or before the 6-month anniversary of the Closing Date.

**ARTICLE 7.**

**<u>INDEMNITY</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Seller Indemnity</u>. From and after Closing, Seller shall indemnify, defend, and hold harmless Purchaser and its affiliated entities, and their respective directors, officers, employees, and agents, from and against any claims whatsoever arising out of or in connection with any alleged or actual breach by Seller of any of its representations, warranties, covenants, or other undertakings under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Purchaser Indemnity</u>. From and after Closing and subject to the limitations set forth below, Purchaser shall indemnify, defend, and hold harmless Seller and its affiliated entities, and their respective directors, officers, employees, and agents, from and against any claims whatsoever arising out of or in connection with any alleged or actual material breach by Purchaser of any of its representations, warranties, covenants, or other undertakings under this Agreement. Purchaser shall not be required to pay any damages respecting indemnity claims to the extent that the damages exceed the amount of the Initial Deposit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>Notice and Defense</u>. If an indemnifiable claim is made against an indemnified party, the party will promptly notify the indemnifying party of such claim. Failure to so notify the indemnifying party will not relieve the indemnifying party of any liability that the indemnifying party might have, except to the extent that such failure materially prejudices the indemnifying party's legal rights. The indemnified party shall cooperate with the indemnifying party in the defense and settlement of such claims; *but*, the indemnifying party shall assume control of the defense of such claim. The indemnified party may participate in the defense of the claim at its own cost. Notwithstanding anything contained herein: (a) the indemnified party shall not enter into any settlement or compromise that provides for any remedy of the claim without the prior written approval of the indemnifying party, which approval will not be unreasonably withheld; and (b) Seller may not enter into any settlement or compromise that involves or affects any property, product, or assets of Purchaser without Purchaser's prior written approval.

**ARTICLE 8.**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Successors and Assigns</u>. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by the Parties and their permitted successors and assigns. No Party shall assign its rights and obligations under this Agreement without the written consent of the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Entire Agreement</u>. This Agreement and the Escrow Agreement represent the entire agreement between the parties relating to the subject matter hereof, and no other course of dealing, understanding, employment, or other agreement, covenant, representation, or warranty, written or oral, except as set forth herein or in the documents to be delivered in connection with the transactions contemplated hereby shall be of any force or effect. Any previous agreement, arrangement, understanding, or course of dealing is expressly merged into this Agreement. No amendment or modification hereof shall be effective until and unless the same shall have been set forth in writing and signed by the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Additional Documents</u>. Each party shall cooperate in good faith and with diligence and dispatch in preparing any additional or confirmatory documents requested by the other party in order to effectuate the terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Notices</u>. All notices and other communications required or permitted under this Agreement shall be in writing delivered to the Parties at the mailing address, or regularly monitored electronic email address of the respective Party set forth below. Such notice or communication shall be deemed to have been given: (a) when received by the addressee if sent by a nationally recognized overnight courier (with confirmation of delivery); or (b) if sent by e-mail of a PDF document, when the recipient, by an e-mail sent to the e-mail address of the sender stated in this section, acknowledges having received that e-mail. Any party may change its notice address or email address by written notice to the other parties, given in accordance with this section.

**<u>If to Purchaser to</u>:**

JJ C. Javier

Unit 2102, One Global Place

5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street

BGC, Taguig City 1630 Philippines

E-mail: __________________

**<u>If to Seller, addressed to</u>**:

John R. Munoz

One World Trade Center, Suite 130

Long Beach, CA 90831

E-mail: jrmun@msn.com

**<u>If to the Company, addressed to</u>**:

IA Energy Corp

Attn: Thomas K. Emmitt

One World Trade Center, Suite 130

Long Beach, CA 90831

E-mail: tkemmitt@yahoo.com

For the purposed of this Agreement, "<u>Business Day</u>" means any day that is not a Saturday, a Sunday or a holiday on which commercial banks in Long Beach, California are authorized or required by law to close.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Nonwaiver.</u> The rights and remedies of the parties under this Agreement are cumulative and not alternative. Neither the failure nor any delay by a party in exercising any right, power, or privilege under this Agreement will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege. To the maximum extent permitted by applicable law: (a) no claim or right arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party will be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party will be deemed to be a waiver of any obligation of such party or of the right of the party giving such notice or demand to take further action without notice or demand as provided in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 <u>Rules of Construction</u>. The normal rules of construction that require the terms of an agreement to be construed most strictly against the drafter of such agreement are hereby waived since each party has been represented by counsel in the drafting and negotiation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7 <u>Third-Party Beneficiaries</u>. The parties intend this Agreement shall not benefit or create any right or cause of action in or on behalf of any third party, other than the parties to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8 <u>Governing Law</u>. All issues and questions concerning the construction, validity, interpretation and enforceability of this Agreement, any documents contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of California, without giving effect to any choice of law or conflict of law rules or provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9 <u>Jurisdiction</u>. Any action seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby or thereby shall be brought in and determined exclusively by the state courts in Los Angeles County in the State of California (or in the event of exclusive federal jurisdiction, the courts of the Central District of California), and each of the Parties hereby consents to the jurisdiction of such courts in any such action. In no event shall either Party have any right to recover from the other Party any consequential damages as to any matter under, relating to or arising out of this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10 <u>Waiver of Jury Trial</u>. To the fullest extent permitted by applicable law, the Parties hereto hereby voluntarily and irrevocably waives trial by jury in any Proceeding brought in connection with this Agreement, any of the related agreements and documents, or any of the transactions contemplated hereby or thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.11 <u>Severability</u>. If any portion of this Agreement shall be finally determined by any court or governmental agency of competent jurisdiction to violate applicable law or otherwise not to conform to requirements of applicable law and, therefore, to be invalid, the parties will cooperate to remedy or avoid the invalidity, but in any event, will not upset the general balance of relationships created or intended to be created between them as manifested by this Agreement and the instruments referred to herein. Except insofar as it would be an abuse of the foregoing principle, the remaining provisions hereof shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.12 <u>Confidentiality</u>. Purchaser shall keep confidential and will not disclose or divulge any confidential, proprietary or secret information which Purchaser may obtain from Seller pursuant to financial statements, reports and other materials submitted by Seller to Purchaser pursuant to this Agreement, or pursuant to visitation or inspection courtesies extended to Purchaser, unless such information is known, or until such information becomes known, to the public; *but,* Purchaser may disclose such information (a) to its attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection with the purchase of the Control Shares and its investment in the Company, or (ii) to any affiliate of a Purchaser; subject to the agreement of such party to keep such information confidential as set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.13 <u>Manner of Execution; Counterparts</u>. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile, portable document format (.pdf), DocuSign or other electronic transmission shall be equally as effective as delivery of a manually executed counterpart of this Agreement.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the dates set forth below.

---

| | | |
|:---|:---|:---|
|  |  | <br> **IA ENERGY CORP.** |
| Dated: November 14, 2022 |  | */s/ Thomas K. Emmitt* |
|  |  | By: Thomas K. Emmitt |
|  |  | Its: President and CEO |
|  |  | <br> **SELLER:** |
| Dated: November 14, 2022 |  | */s/ John R. Munoz* |
|  |  | John R. Munoz |
|  |  | <br> **PURCHASER:** |
| Dated: November 11, 2022 | | */s/ JJ C. Javier* |
|  |  | JJ C. Javier |

---

## Exhibit 99.2

**Exhibit 99.2**

**ESCROW AGREEMENT**

This Escrow Agreement (the "<u>Escrow Agreement</u>") is entered into effective as of the date of the last signature (the "<u>Effective Date</u>"), by and between IA Energy Corp., Wyoming corporation (the "<u>Company</u>"), John R. Munoz (the "<u>Seller</u>"), JJ C. Javier (the "<u>Purchaser</u>"), and Chachas Law Group P.C. as escrow agent hereunder ("<u>Escrow Agent</u>").

**BACKGROUND**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Whereas, contemporaneously herewith Purchaser and Seller have entered into a Stock Purchase Agreement (the "<u>Underlying Agreement</u>"), pursuant to which Purchaser shall purchase from Seller (the "<u>Transaction</u>") 25,025,000 Shares of the issued and outstanding common stock (the "<u>Control Shares</u>") of the Company, owned by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Whereas, to facilitate the purchase, sale, and delivery of the Control Shares, and the bringing its Delinquent SEC Reports (as defined in the Underlying Agreement) current and bringing the company in good standing in the State of Wyoming, the Purchaser and Seller desire to place and deposit with Chachas Law Group, P.C. (the "<u>Escrow Agent</u>") such funds, documents and instruments set forth in Section 2 and 3 below (collectively referred to hereinafter as the "<u>Escrow Deposit</u>") to be held, released, and delivered by the Escrow Agent in accordance herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Whereas, Escrow Agent has agreed to accept, hold, and disburse the Escrow Deposit in accordance with the terms of this Escrow Agreement.

**<u>AGREEMENT</u>**

**NOW THEREFORE**, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. <u>Appointment of and Acceptance by Escrow Agent</u>.** Purchaser and Seller hereby appoint Escrow Agent to serve as escrow agent hereunder. Escrow Agent hereby accepts such appointment and agrees to hold, release, and disburse the Escrow Deposit in accordance with this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. <u>Purchaser's Delivery and Deposits</u>***.* Purchaser shall, in accordance with the terms of the Underlying Agreement, deliver to Escrow 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;(a) the sum of $300,000.00 (the "<u>Purchase Price</u>") within five (5) days of the Effective Date via wire transfer in accordance with the terms of the Underlying 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;(b) such other instruments and documents as may be reasonably requested by the Escrow 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;(c) The Purchase Price (the "<u>Escrow Funds</u>") shall be delivered to Escrow Agent by wire transfer to <u>Chachas Law Group Attorney Trust Account:</u>

---

| | |
|:---|:---|
| **<u>Bank Name:</u>** | **U.S. Bank** |
|  | 4747 Executive Drive, 3<sup>rd</sup> Floor |
|  | San Diego, California 92121 |
|  | Telephone: (858) 334-0752 |
|  | Contact: Lino Maldanado - Private Client Reserve |
| **<u>ABA Routing No.:</u>** | XXXXXXXXX |
| **<u>Account No.:</u>** | XXXX-XXXX-XXXX |
| **<u>BIC/Sort Code (Swift Code):</u>** | XXXXXXXXXXX |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>Seller Delivery and Deposit</u>**. Within fifteen (15) days of the Effective Date Seller shall, in accordance with the terms of the Underlying Agreement deliver to Escrow 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;(a) stock certificates (and or an account statement if issued in Book Entry) representing the 25,025,000 Control Shares of the Company's common stock (the "<u>Certificates</u>"), in accordance with the terms of the Underlying 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;(b) duly executed irrevocable stock power endorsed in blank with signatures medallion guaranteed (the "<u>Stock Power</u>") corresponding to the Certificates, in accordance with the terms of the Underlying 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;(c) Resignations to Escrow Agent in accordance with the terms of the Underlying Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) such other instruments and documents as may be reasonably requested by the Escrow 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;(e) The Certificates and Stock Power shall be delivered to Escrow Agent as set forth in Section 14.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>Disbursement of $75,000 Non-Refundable Payment</u>**. Within three (3) days of receipt of the Escrow Funds, Escrow Agent shall prepare and provide the Joint Written Director for execution by the Company, Seller and Purchasers, directing Escrow Agent to disburse the $75,000 Non-Refundable Payment out of the Purchase Price to the Company's counsel in accordance with the terms of the Underlying Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. <u>Investment of Escrow Funds</u>.** Escrow Agent shall have no duty to invest Escrow Funds and neither party shall be entitled to receive interest or other income on the Escrow Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6. <u>Disbursements of Escrow Deposit</u>**. Escrow Agent shall release and disburse the Escrow Funds, the $75,000 Non-Refundable Payable, the Certificates, Stock Powers and Resignations at any time and from time to time, upon receipt of, and in accordance with, a Joint Written Direction (or on the sole written direction of Purchaser under the terms of the Underlying Agreement. Upon the expiration of the escrow, Escrow Agent shall distribute to Seller, as promptly as practicable, any remaining Escrow Funds not subject to a Claim Notice. Prior to any disbursement, Escrow Agent shall have received reasonable identifying information regarding the recipient such that Escrow Agent may comply with its regulatory obligations and reasonable business practices, including without limitation a completed United States Internal Revenue Service ("IRS") Form W-9 or original IRS Form W-8, as applicable. Any funds to be distributed to Purchaser and/or Seller pursuant to this Escrow Agreement shall be made by wire transfer of immediately available funds to the bank account Purchaser or Seller provides Escrow Agent in written notice. Any physical delivery of Certificates, Stock Powers or any other instruments or documents shall be distributed and delivered to Purchaser and/or Seller as provided in Section 14, or such alternative address as provided to Escrow Agent in writing. For the purpose of this Agreement, "<u>Joint Written Direction</u>" shall mean a written direction executed by the Purchaser and Seller directing Escrow Agent to disburse all or a portion of the Escrow Funds, Certificates or Stock Powers, or to take or refrain from taking any other action pursuant to this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7. <u>Suspension of Performance; Disbursement into Court</u>.** If, at any time, (i) there shall exist any dispute between Purchaser and Seller with respect to the holding or disposition of all or any portion of the Escrow Funds, Certificates or Stock Powers, or any other obligations of Escrow Agent hereunder, (ii) Escrow Agent is unable to determine, to Escrow Agent's sole satisfaction, the proper disposition of all or any portion of the Escrow Funds, Certificates or Stock Powers, or Escrow Agent's proper actions with respect to its obligations hereunder, or (iii) the Purchaser and Seller have not, after the furnishing by Escrow Agent of a notice of resignation pursuant to Section 8 hereof, appointed a successor Escrow Agent to act hereunder within the time limits specified in Section 8, then Escrow Agent may, in its sole discretion, take either or both of the following actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) suspend the performance of any of its obligations (including without limitation any disbursement obligations) under this Escrow Agreement until such dispute or uncertainty shall be resolved to the sole satisfaction of Escrow Agent or until a successor Escrow Agent shall have been appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) petition (by means of an interpleader action or any other appropriate method) any court of competent jurisdiction, in any venue convenient to Escrow Agent, for instructions with respect to such dispute or uncertainty, and to the extent required or permitted by law, pay into such court, for holding and disposition in accordance with the instructions of such court, all Certificates, Stock Powers and Escrow Funds, after deduction and payment to Escrow Agent of all fees and expenses (including court costs and attorneys' fees) payable to, incurred by, or expected to be incurred by Escrow Agent in connection with the performance of its duties and the exercise of its rights hereunder.

Escrow Agent shall have no liability to Purchaser or Seller, their respective owners, shareholders or members, officers, directors or any other person with respect to any such suspension of performance or disbursement into court, specifically including any liability or claimed liability that may arise, or be alleged to have arisen, out of or as a result of any delay in the disbursement of the Escrow Funds or any delay in or with respect to any other action required or requested of Escrow Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8. <u>Termination on Disbursement</u>**. Upon disbursement of the entire Escrow Deposit, as directed by Purchaser and Seller in a Joint Written Direction, or with the court in accordance with Section 6, this Agreement will be terminated. Effective upon the termination of this Agreement, each party hereto, on behalf of itself and each of its respective successors, assigns, affiliates and representatives, hereby forever releases and discharges Escrow Agent from any and all liabilities, claims, liens, charges and other rights and obligations (each, a "<u>Claim</u>") with respect to the Escrow Deposits and the release thereof and for any other Claim that may arise hereunder. The parties hereto hereby mutually agree that the release of the Escrow Deposits to the respective parties, in accordance with the provisions hereof, satisfies all rights and obligations of the Escrow Agent with respect to the Escrow Deposits under 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;(a) <u>Release of Unknown Claims</u>. The Parties acknowledge and agree that this release applies to all claims for any injuries, damages, losses or claims, whether known or unknown, foreseen or unforeseen, patent or latent, that the Parties hereto now have or may acquire, and each Party hereto hereby waives application of <u>California Civil Code</u> Section 1542.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Party hereto certifies that such Party is aware of the provisions of <u>California Civil Code</u> Section 1542 which states:

**A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Parties hereto understand and acknowledge the significance and consequences of the waiver of <u>California Civil Code</u> Section 1542; and that this release and waiver of <u>California Civil Code</u> Section 1542 is a significant material part of the consideration of entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9. <u>Resignation or Removal of Escrow Agent</u>**. Escrow Agent may resign and be discharged from the performance of its duties hereunder at any time by giving thirty (30) days prior written notice to Purchaser and Seller specifying a date when such resignation shall take effect. Similarly, Purchaser and Seller may remove and discharge Escrow Agent from the performance of its duties hereunder at any time by jointly giving thirty (30) days prior written notice to the Escrow Agent specifying a date when such removal shall take effect. Upon any such notice of resignation or removal, Purchaser and Seller jointly shall appoint a successor escrow agent hereunder prior to the effective date of such resignation or removal. If the Purchaser and Seller fail to appoint a successor escrow agent within such time, the Escrow Agent shall have the right to petition a court of competent jurisdiction to appoint a successor escrow agent, and all costs and expenses (including without limitation attorneys' fees) related to such petition shall be paid jointly and severally by Purchaser and Seller. The Escrow Agent shall transmit all records pertaining to the Escrow Funds and shall pay all Escrow Funds to the successor escrow agent, after making copies of such records as the Escrow Agent deems advisable and after deduction and payment to the Escrow Agent of all fees and expenses (including court costs and attorneys' fees) payable to, incurred by, or expected to be incurred by the Escrow Agent in connection with the performance of its duties and the exercise of its rights hereunder. After the Escrow Agent's resignation or removal, the provisions of this Escrow Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Escrow Agent under this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10. <u>Liability of Escrow Agent</u>.** The Escrow Agent undertakes to perform only such duties as are expressly set forth herein and no duties shall be implied. The Escrow Agent has no fiduciary or discretionary duties of any kind. The Escrow Agent shall have no liability under and no duty to inquire as to the provisions of any agreement other than this Escrow Agreement and the Underlying Agreement, including without limitation any other agreement between any or all of the parties hereto or any other persons even though reference thereto may be made herein. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith except to the extent that a court of competent jurisdiction determines that the Escrow Agent's gross negligence or willful misconduct was the sole cause of any loss to the Purchaser or Seller. Escrow Agent's sole responsibility shall be for the safekeeping and disbursement of the Escrow Funds in accordance with the terms of this Escrow Agreement. Escrow Agent shall not be charged with knowledge or notice of any fact or circumstance not specifically set forth herein. Escrow Agent may rely upon any notice, instruction, request or other instrument, not only as to its due execution, validity and effectiveness, but also as to the truth and accuracy of any information contained therein, which Escrow Agent shall believe to be genuine and to have been signed or presented by the person or parties purporting to sign the same. In no event shall Escrow Agent be liable for incidental, indirect, special, consequential or punitive damages or penalties (including, but not limited to lost profits), even if the Escrow Agent has been advised of the likelihood of such damages or penalty and regardless of the form of action. Escrow Agent shall not be responsible for delays or failures in performance resulting from acts beyond its control, including without limitation acts of God, strikes, lockouts, riots, acts of war or terror, epidemics, governmental regulations, fire, communication line failures, computer viruses, power failures, earthquakes or other disasters. Escrow Agent shall not be obligated to take any legal action or commence any proceeding in connection with the Escrow Funds, any account in which Escrow Funds are deposited, this Escrow Agreement or the Underlying Agreement, or to appear in, prosecute or defend any such legal action or proceeding. Escrow Agent may consult legal counsel selected by it in the event of any dispute or question as to the construction of any of the provisions hereof or of any other agreement or of its duties hereunder, or relating to any dispute involving any party hereto, and shall incur no liability and shall be fully indemnified from any liability whatsoever in acting in accordance with the advice of such counsel. Purchaser and Seller, jointly and severally, shall promptly pay, upon demand, the reasonable fees and expenses of any such counsel. Purchaser and Seller agree to perform or procure the performance of all further acts and things, and execute and deliver such further documents, as may be required by law or as Escrow Agent may reasonably request in connection with its duties hereunder.

The Escrow Agent is authorized, in its sole discretion, to comply with final orders issued or process entered by any court with respect to the Escrow Funds, without determination by the Escrow Agent of such court's jurisdiction in the matter. If any portion of the Escrow Funds is at any time attached, garnished or levied upon under any court order, or in case the payment, assignment, transfer, conveyance or delivery of any such property shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made or entered by any court affecting such property or any part thereof, then and in any such event, the Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree which it is advised by legal counsel selected by it is binding upon it without the need for appeal or other action; and if the Escrow Agent complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person or entity by reason of such compliance even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11. <u>Indemnification of Escrow Agent</u>**. From and at all times after the date of this Escrow Agreement, Purchaser and Seller, jointly and severally, shall, to the fullest extent permitted by law, indemnify and hold harmless Escrow Agent and each director, officer, employee, attorney, agent and affiliate of Escrow Agent (collectively, the "<u>Indemnified Parties</u>") against any and all actions, claims (whether or not valid), losses, damages, liabilities, penalties, costs and expenses of any kind or nature (including without limitation reasonable attorneys' fees, costs and expenses) incurred by or asserted against any of the Indemnified Parties, whether direct, indirect or consequential, as a result of or arising from or in any way relating to any claim, demand, suit, action or proceeding (including any inquiry or investigation) by any person, including without limitation Purchaser and Seller, whether threatened or initiated, asserting a claim for any legal or equitable remedy against any person under any statute or regulation, including, but not limited to, any federal or state securities laws, or under any common law or equitable cause or otherwise, arising from or in connection with the negotiation, preparation, execution, performance or failure of performance in connection with this Escrow Agreement or any transactions contemplated herein, whether or not any such Indemnified Party is a party to any such action, proceeding, suit or the target of any such inquiry or investigation; provided, however, that no Indemnified Party shall have the right to be indemnified hereunder for any liability finally determined by a court of competent jurisdiction, subject to no further appeal, to have resulted solely from the gross negligence or willful misconduct of such Indemnified Party. Purchaser and Seller further agree, jointly and severally, to indemnify each Indemnified Party for all costs, including without limitation reasonable attorney's fees, incurred by such Indemnified Party in connection with the enforcement of Purchaser's and Seller's indemnification obligations hereunder. Each Indemnified Party shall, in its sole discretion, have the right to select and employ separate counsel with respect to any action or claim brought or asserted against it, and the reasonable fees of such counsel shall be paid upon demand by the Purchaser and Seller jointly and severally. The obligations of Purchaser and Seller under this Section 10 shall survive any termination of this Escrow Agreement and the resignation or removal of Escrow Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12. <u>Compensation of Escrow Agent.</u>** Without limiting the joint and several nature of their obligations to Escrow Agent, the Escrow Fee to be paid to Escrow Agent shall be <u>$3,000</u> which shall be payable by the Company and deducted from the $75,000 Non-Refundable Payment when the same is to be disbursed to the Company in accordance with Underlying Agreement. The Escrow Fee shall be deemed earned upon receipt and Escrow Agent is authorized to, and may disburse to such Escrow Fee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13. <u>Representations and Warranties</u>.** Purchaser, the Seller and the Company each respectively make the following representations and warranties to Escrow 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;(a) it has full power and authority to execute and deliver this Escrow Agreement and to perform its obligations hereunder; and this Escrow Agreement has been duly approved by all necessary action and constitutes its valid and binding agreement enforceable in accordance with its terms; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) each of the signatories hereto individually have full power and authority to execute and deliver any Joint Written Direction, to amend, modify or waive any provision of this Escrow Agreement and to take any and all other actions as authorized representatives under this Escrow Agreement, all without further consent or direction from, or notice to, it or any other party, provided that any change in designation of such authorized representatives shall be provided by written notice delivered to each party to this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14. <u>Binding Effect; Successors</u>.** This Escrow Agreement shall be binding upon the respective parties hereto and their heirs, executors, successors or assigns. If the Escrow Agent consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business (including the escrow contemplated by this Escrow Agreement) to another corporation, the successor or transferee corporation without any further act shall be the successor Escrow Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Notices</u>. All notices and other communications required or permitted under this Agreement shall be in writing delivered to the Parties at the mailing address, or regularly monitored electronic email address of the respective Party set forth below. Such notice or communication shall be deemed to have been given: (a) when received by the addressee if sent by a nationally recognized overnight courier (with confirmation of delivery); or (b) if sent by e-mail of a PDF document, when the recipient, by an e-mail sent to the e-mail address of the sender stated in this section, acknowledges having received that e-mail. Any party may change its notice address or email address by written notice to the other parties, given in accordance with this section.

**<u>If to Purchaser to</u>:**

JJ C. Javier

Unit 2102, One Global Place

5<sup>th</sup> Avenue Corner 25<sup>th</sup> Street

BGC, Taguig City 1630 Philippines

E-mail: __________________

**<u>If to Seller, addressed to</u>**:**

John R. Munoz

One World Trade Center, Suite 130

Long Beach, CA 90831

E-mail: jrmun@msn.com

**<u>If to the Company, addressed to</u>**:**

IA Energy Corp

Attn: Thomas K. Emmitt

One World Trade Center, Suite 130

Long Beach, CA 90831

E-mail: tkemmitt@yahoo.com

**<u>If to Escrow Agent, address to:</u>**

Chachas Law Group P.C.

Attn: George G. Chachas

11682 El Camino Real, Suite 110

San Diego, CA 92130

Phone: (619) 894-1500

E-mail: gchachas@chachaslaw.com

For the purposed of this Agreement, "<u>Business Day</u>" means any day that is not a Saturday, a Sunday or a holiday on which commercial banks in Long Beach, California are authorized or required by law to close.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15. <u>Amendment, Waiver and Assignment</u>.** None of the terms or conditions of this Escrow Agreement may be changed, waived, modified, discharged, terminated or varied in any manner whatsoever unless in writing duly signed by each party to this Escrow Agreement. No course of conduct shall constitute a waiver of any of the terms and conditions of this Escrow Agreement, unless such waiver is specified in writing, and then only to the extent so specified. A waiver of any of the terms and conditions of this Escrow Agreement on one occasion shall not constitute a waiver of the other terms of this Escrow Agreement, or of such terms and conditions on any other occasion. This Escrow Agreement may not be assigned by any party without the written consent of the other parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16. <u>Severability</u>.** To the extent any provision of this Escrow Agreement is prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17. <u>Governing Law</u>**. All issues and questions concerning the construction, validity, interpretation and enforceability of this Agreement, any documents contemplated hereby, shall be governed by, and construed in accordance with, the laws of the State of California, without giving effect to any choice of law or conflict of law rules or provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**18. <u>Jurisdiction</u>**. Any action seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby or thereby shall be brought in and determined exclusively by the state courts in San Diego County in the State of California (or in the event of exclusive federal jurisdiction, the courts of the Southern District of California), and each of the Parties hereby consents to the jurisdiction of such courts in any such action. In no event shall either Party have any right to recover from the other Party any consequential damages as to any matter under, relating to or arising out of this Agreement or the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19. <u>Waiver of Jury Trial</u>**. To the fullest extent permitted by applicable law, the Parties hereto hereby voluntarily and irrevocably waives trial by jury in any Proceeding brought in connection with this Agreement, any of the related agreements and documents, or any of the transactions contemplated hereby or thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**20. <u>Tax Reporting</u>.** Escrow Agent shall have no responsibility for the tax consequences of this Agreement and Purchaser and Seller shall consult with independent counsel concerning any and all tax matters. Purchaser and Seller shall provide Escrow Agent Form W-9 and an original Form W-8, as applicable, for each payee, together with any other documentation and information requested by Escrow Agent in connection with Escrow Agent's reporting obligations, if any, under applicable IRS regulations. If such tax documentation is not so provided, Escrow Agent shall withhold disbursement until such time as such requested information is provided to Escrow Agent. Purchaser and Seller shall prepare and file all required tax filings with the IRS and any other applicable taxing authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**21. <u>Entire Agreement; No Third Party Beneficiaries</u>.** This Escrow Agreement constitutes the entire agreement between the parties relating to the holding, investment and disbursement of the Escrow Funds and sets forth in their entirety the obligations and duties of Escrow Agent with respect to the Escrow Funds. Nothing in this Escrow Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this Escrow Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**22. <u>Manner of Execution; Counterparts</u>**. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile, portable document format (.pdf), DocuSign or other electronic transmission shall be equally as effective as delivery of a manually executed counterpart of this Agreement.

\*\*\* Signature Page Follows \*\*\*

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the dates set forth below.

---

| | |
|:---|:---|
|  | <br> **IA ENERGY CORP.** |
| Dated: November 14, 2022 | */s/ Thomas K. Emmitt* |
|  | By: Thomas K. Emmitt |
|  | Its: President and CEO |
|  | <br> **SELLER:** |
| Dated: November 14, 2022 | */s/ John R. Munoz* |
|  | John R. Munoz |
|  | <br> **PURCHASER:** |
| Dated: November 11, 2022 | */s/ JJ C. Javier* |
|  | JJ C. Javier |
|  | <br> **<u>ESCROW AGENT</u>:** |
|  | **Chachas Law Group P.C.** |
| Dated: November 14, 2022 | */s/ George G. Chachas* |
|  | By: George G. Chachas |
|  | Title: President |

---

## Exhibit 99.3

**Exhibit 99.3**

**FIRST AMENDMENT TO**

**STOCK PURCHASE AGREEMENT**

This First Amendment to Stock Purchase Agreement (this " <u>Agreement</u>") is entered into effective as January 17, 2023 (the "<u>Effective Date</u>"), by and between IA Energy Corp., Wyoming corporation (the "<u>Company</u>"), and JJ C. Javier (the "<u>Purchaser</u>") and John R. Munoz (the "<u>Munoz</u>") (the "<u>Seller</u>").

**RECITALS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Whereas, on November 14, 2022, the Company, Purchaser and Munoz entered into a Stock Purchase Agreement (the "<u>Purchase Agreement</u>") under which Munoz, the beneficial and owner of record of 25,025,000 Shares of Common Stock of the Company, would sell and the Purchaser would buy said 25,025,000 shares for $300,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Whereas, Munoz and Purchaser have agreed to amend the Purchase Agreement to reflect that the Purchaser shall purchase all 25,943,800 shares of Common Stock (the "<u>Control Shares</u>") owned by Munoz for the aggregate purchase price of $300,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Whereas, Munoz has periodically advanced funds to the Company which is reflected as Loans Payable, Related Party (the "<u>Related Party Loan</u>") under Current Liabilities on the financial statements of the Company, such amounts due and owing by the Company which as of December 31, 2021 was $253,300.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Whereas, pursuant to a Sublease between the Company and Munoz, the financial statements reflect as Accounts Payable, Related Party (the "<u>Related Party Accounts Payable</u>") under Current Liabilities on the financial statements of the Company, such amounts due and owing by the Company which as of December 31, 2021 was $27,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Whereas, Munoz has agreed that the full amount of any Related Party Loan and Related Party Accounts Receivable then owing as of the Closing of the transactions contemplated by the Purchase Agreement, shall be forgiven effective as of the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Whereas, the Company, Purchaser and Munoz desire to amend the Purchase Agreement to as stated above

**<u>AGREEMENT</u>**

NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Agreement and of the representations, warranties, conditions, agreements and promises contained herein and other good and valuable consideration, the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. <u>Amendment to Section 1.1(a)</u>**. Section 1.1(a) of the Purchase Agreement is hereby amended in its entirety to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the terms and conditions of this Agreement, Sellers agree to sell all 25,943,800 shares of Common Stock (the "<u>Control Shares</u>") owned by Seller to the Purchaser, and Purchaser agrees to purchase the Control Shares from Seller for the purchase price of $300,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. <u>Forgiveness of Related Party Loan and Accounts Payable.</u>** Munoz agree that effective as of the Closing of the transactions contemplated by the Purchase Agreement all Related Party Loans and Related Party Accounts Payable by the Company to shall be deemed to have been forgiven and waived.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>No Other Modifications</u>.** Except as modified herein, the terms and provisions of the Purchase Agreement shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>Manner of Execution; Counterparts</u>.** This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by facsimile, portable document format (.pdf), DocuSign or other electronic transmission shall be equally as effective as delivery of a manually executed counterpart of this Agreement.

IN WITNESS WHEREOF, the Parties have executed this Agreement effective as of the Effective Date defined above.

---

| | | |
|:---|:---|:---|
|  |  | **THE COMPANY:** |
|  |  | <br> **IA ENERGY CORP.** |
| Dated: <u>1/17/23</u> | | */s/ Thomas K. Emmitt* |
|  |  | By: Thomas K. Emmitt |
|  |  | Its: President and CEO |
|  |  | <br> **SELLER:** |
| Dated: <u>1/17/23</u> | | */s/ John R. Munoz* |
|  |  | John R. Munoz |
|  |  | <br> **PURCHASER:** |
| Dated: <u>1/18/23</u> | | */s/ JJ C. Javier* |
|  |  | JJ C. Javier |

---

## Exhibit 99.4

**Exhibit 99.4**

**JOINT WRITTEN IRREVOCABLE INSTRUCTIONS TO ESCROW AGENT**

---

| | |
|:---|:---|
| **To:** | **CHACHAS LAW GROUP P.C.** |
|  | **Attn: George G. Chachas** |
|  | **11682 El Camino Real, Suite 110** |
|  | **San Diego, CA 92130** |
| **Re:** | **Disbursement of $75,000** |

---

**<u>Recitals</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Whereas, the Company, Seller and Purchaser are parties are that certain Stock Purchase Agreement (the "<u>Original Purchase Agreement</u>") dated November 14, 2022, as amended by the First Amendment (the "<u>First Amendment</u>") collectively the "Purchase Agreement", concerning the sale (the "<u>Transaction</u>") of all 25,943,800 Shares of Common Stock (the "<u>Control Shares</u>") of the Company, owned by Seller to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Whereas, the Company, Seller, Purchaser and Escrow Agent are parties to the Escrow Agreement (the "<u>Escrow Agreement</u>") regarding the Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Whereas, all delinquent SEC Reports as provided in the Purchase Agreement have been filed, the Company is in good standing in the State of Wyoming, all certificates and documentation to facilitate the transfer of the Control Shares from Seller to Purchaser have been delivered to the Company's transfer agent and the Purchaser and Seller deem that all conditions to closing required under the Purchase Agreement have been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Whereas, Seller, Purchaser and the Company are executing and delivering this Joint Written Irrevocable Instruction to Escrow Agent authorizing and directing the Escrow Agent 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;&nbsp;&nbsp;&nbsp;&nbsp;(i) to disburse the $225,000 balance of the Escrow Deposit received by Escrow Agent to the Seller;

&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) to instruction the Company's transfer agent to process the transfer of the Control Shares from
Seller to Purchaser and provide an Account Statement reflecting the Control Shares being issued in Book Entry and owned of record by Purchaser;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) deliver the resignation of the Thomas K. Emmitt, as the sole officer and director of Company, to the
Purchaser and Purchaser's counsel.

**<u>Agreement</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. <u>Disbursement Instructions</u>**. Purchaser, Seller and the Company hereby irrevocably authorize and instruct Escrow 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;&nbsp;&nbsp;&nbsp;&nbsp;(i) to disburse the $225,000 balance of the Escrow Deposit held by Escrow Agent to the Seller;

&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) to instruct the Company's transfer agent, Colonial Stock Transfer, to process the transfer of the
Control Shares from Seller to Purchaser and provide an Account Statement reflecting the Control Shares being issued in Book Entry and
owned of record by Purchaser; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to deliver the resignation of the Thomas K. Emmitt, as the sole officer and director of Company, to
the Purchaser and Purchaser's counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. <u>Termination of Escrow</u>**. Purchaser, Seller and the Company hereby acknowledge that upon completion of the matters set forth in Section 1 above Escrow Agent's obligations have been completed and no further actions are required by Escrow Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>Manner of Execution; Counterparts</u>**. This Joint Written Irrevocable Instructions to Escrow Agent may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this agreement by facsimile, portable document format (.pdf), DocuSign or other electronic transmission shall be equally as effective as delivery of a manually executed counterpart of this Agreement.

IN WITNESS WHEREOF, the Parties have executed Joint Written Irrevocable Instruction to Escrow Agent effective as of January 17, 2023.

---

| | |
|:---|:---|
|  | <br> **IA ENERGY CORP.** |
| | */s/ Thomas K. Emmitt* |
|  | By: Thomas K. Emmitt |
|  | Its: President and CEO |
|  | <br> **SELLER:** |
| | */s/ John R. Munoz* |
|  | John R. Munoz |
|  | <br> **PURCHASER:** |
| | */s/ JJ C. Javier* |
|  | JJ C. Javier |

---