# EDGAR Filing Document

**Accession Number:** 0002076148
**File Stem:** 0001493152-25-012823
**Filing Date:** 2025-9
**Character Count:** 934182
**Document Hash:** 0a7b6de186314789d5639adcac47b3e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-012823.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001493152-25-012823

**CONFORMED SUBMISSION TYPE**: 1-A

**PUBLIC DOCUMENT COUNT**: 58

**FILED AS OF DATE**: 20250908

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FullPAC, Inc.
- **CENTRAL INDEX KEY:** 0002076148

**ORGANIZATION NAME:**
- **EIN:** 392886611
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12661
- **FILM NUMBER:** 251300785

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

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

## Part

PART II – PRELIMINARY OFFERING CIRCULAR DATED SEPTEMBER 8, 2025

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

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

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

**FullPAC, Inc.**

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

By this offering circular (the "Offering Circular"), FullPAC, Inc., a Nevada corporation, is offering on a "best-efforts" basis a maximum of 10,000,000 shares of its common stock (the "Offered Shares"), at a fixed price between $[●] to $[●] per share (to be fixed by post-qualification supplement), pursuant to Tier 2 of Regulation A of the United States Securities and Exchange Commission (the "SEC"). There is no minimum purchase requirement for investors in this offering. For a description of the securities being offered hereby, please see the section entitled "Securities Being Offered" beginning on page 69.

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

The Offered Shares are not currently listed on any national securities exchange or other trading market. We have reserved the symbol "GOTV" with The Nasdaq Stock Market LLC ("Nasdaq") and intend to apply in the future to list our common stock on Nasdaq. However, there is no assurance that we will be able to meet the Nasdaq listing requirements, that our application will be submitted or approved, or that a liquid trading market for the Offered Shares will ever develop.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Number**<br> **of Shares** | **Price to**<br> **Public** | **Commissions<sup>(1)</sup>** | **Proceeds to**<br> **Company<sup>(2)</sup>** |
| Per Share |  | $| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $|
| Total Minimum | 0 | $| $- | $|
| Total Maximum | 10000000 | $| $- | $|

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) We
 do not currently intend to engage commissioned sales agents, placement agents or underwriters
 in connection with this offering. In the event we use commissioned sales agents or underwriters
 to sell the Offered Shares going forward, we will file an amendment to this Offering Circular.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Does
 not reflect payment of expenses associated with this Offering, which are estimated not to
 exceed $[ ] (unless an underwriter or a placement agent is engaged in connection with this
 offering). This amount represents the proceeds to the Company, which will be used as set
 forth in "Use of Proceeds".

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

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

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

**Generally, no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Different rules apply to accredited investors and non-natural persons.** **No sale may be made to you in this offering, if you do not satisfy the investor suitability standards described in this Offering Circular under "Plan of Distribution—State Law Exemption and Offerings to 'Qualified Purchasers' on page 42. Before making any representation that you satisfy the established investor suitability standards, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to *<u>www.investor.gov</u>*.**

We are following the "Offering Circular" format of disclosure under Regulation A and relying upon "Tier 2" of Regulation A+, which allows us to offer up to $75 million in a 12-month period.

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

The date of this Offering Circular is _______________, 2025.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [Cautionary Statement Regarding Forward-Looking Statements](#J_001) | 3 |
| [About this Offering Circular](#J_002) | 4 |
| [Offering Circular Summary](#J_003) | 5 |
| [Offering Summary](#J_004) | 7 |
| [Risk Factors](#J_005) | 8 |
| [Use of Proceeds](#a_001) | 39 |
| [Dilution](#a_002) | 40 |
| [Plan of Distribution](#a_003) | 41 |
| [Description of Business](#a_004) | 43 |
| [Description of Property](#a_005) | 57 |
| [Management's Discussion and Analysis of Financial Condition and Results of Operations](#a_006) | 58 |
| [Directors, Executive Officers and Significant Employees](#a_007) | 63 |
| [Compensation of Directors and Executive Officers](#a_008) | 65 |
| [Security Ownership of Management and Certain Securityholders](#a_009) | 67 |
| [Interests of Management and Others in Certain Transactions](#int_001) | 68 |
| [Securities Being Offered](#a_010) | 69 |
| [Experts](#a_011) | 72 |
| [Legal Matters](#a_012) | 72 |
| [Where You Can Find More Information](#a_013) | 72 |
| [Index to Financial Statements](#a_014) | F-1 |

---

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

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

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

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

**ABOUT THIS OFFERING CIRCULAR**

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

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

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

Notice to Foreign Investors: If the investor lives outside the United States, it is the purchaser's responsibility to fully observe the laws of any relevant territory or jurisdiction outside the United States in connection with any purchase of the securities, including obtaining required governmental or other consents or observing any other required legal or other formalities. The Company reserves the right to deny the purchase of the securities by any foreign investor.

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

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

**OFFERING CIRCULAR SUMMARY**

*The following summary highlights material information contained in this Offering Circular. This summary does not contain all of the information you should consider before purchasing our common stock. Before making an investment decision, you should read this Offering Circular carefully, including the section entitled "Risk Factors" and the consolidated financial statements and the notes thereto. FullPAC, Inc. and its consolidated subsidiaries are referred to herein as "FullPAC," "the Company," "we," "us" and "our," unless the context indicates otherwise.*

**Overview**

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

Spending on elections in the United States has accelerated tremendously. According to data from OpenSecrets, the average winner of a federal legislative election in 1990 spent $407,556 on their campaign for the House and $3,870,621 on their campaign for the Senate. By 2010, the average spend had roughly tripled, with House winners spending an average of $1,439,997 and Senate winners spending an average of $9,782,702 on their campaigns. The numbers increased seven-fold by 2022, when the average House winner spent $2,789,859 and the average Senate winner spent $26,525,065 on their campaigns. On an inflation-adjusted basis, total expenditures on presidential and congressional elections increased from $3.1 billion in 2000 to $18.3 billion in 2020.<sup>1</sup>

These figures represent only federal political spending in the U.S. and exclude spending by campaigns for public offices at the state, county, city, or district level. Besides races for office, political organizations have increased their spending to influence public opinion. In 2022, more than $1 billion was spent to support or oppose state-level ballot measures placed directly before voters, with 27 different ballot measures generating at least $5 million each in spending.<sup>2</sup> Additionally, outside spending in connection with races for office has increased with the proliferation of super PACs and other issue-oriented organizations. Any organization that wants to connect with voters where such communication relates to an election or political issue represents a potential client for our services.

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

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

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

**Principal Products and Services**

FullPAC's core offerings include:

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

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

<sup>1</sup> OpenSecrets, *Cost of Election*, available at: https://www.opensecrets.org/elections-overview/cost-of-election

<sup>2</sup> OpenSecrets, *Ballot Measures*, available at: https://www.opensecrets.org/ballot-measures/2022

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

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

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

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

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

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

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

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

We are currently planning to roll up leading, specialized service providers focused on certain campaign functions. We believe that consolidating talent will not only increase the likelihood of our existing campaigns expanding their relationship with FullPAC, but will also increase our ability to attract well-financed campaigns seeking to engage top talent. Should a liquid market for FullPAC's stock develop, we believe our status as a publicly-traded company could be a compelling competitive advantage as we look to acquire adjacent and synergistic companies, particularly in an industry with few publicly-traded campaign service providers that can offer exit liquidity in a potential acquisition.

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

**Our Corporate Information**

We are a Nevada corporation that was incorporated in June 2025. Our wholly owned subsidiary RoboCent, Inc. was incorporated in the State of Delaware in 2012 and reincorporated in the Commonwealth of Virginia in August of 2016. In June 2025, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent, Inc. received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent, Inc., FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc.

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

**Offering Summary**

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| | |
|:---|:---|
| **Securities Offered** | The Offered Shares, 10,000,000 shares of common stock, are being offered by the Company in a "best-efforts" offering. |
| **Offering Price Per Share** | A price between $[●] and $[●] per Offered Share (to be fixed by post-qualification supplement). |
| **Shares Outstanding Before This Offering** | 20,000,000 shares of common stock issued and outstanding as of September 8, 2025. |
| **Shares Outstanding After This Offering** | 30,000,000 shares of common stock issued and outstanding, assuming all of the Offered Shares are sold hereunder. The number of shares to be outstanding after this offering is based on 20,000,000 shares outstanding as of September 8, 2025. |
| **Minimum Number of Shares to Be Sold in This Offering** | There can be no guarantee that any of the Offered Shares will be sold and there is no minimum number that must be sold as a condition for us to complete the offering. |
| **Investor Suitability Standards** | The Offered Shares are being offered and sold to "qualified purchasers" (as defined in Regulation A under the Securities Act of 1933, as amended (the "Securities Act"). "Qualified purchasers" include any person to whom securities are offered or sold in a Tier 2 offering pursuant to Regulation A under the Securities Act. |
| **Termination of this Offering** | This offering will terminate at the earliest of (a) the date on which all of the Offered Shares have been sold, (b) the date which is one year from this offering being qualified by the SEC and (c) the date on which this offering is earlier terminated by us, in our sole discretion. See "Plan of Distribution". |
| **Use of Proceeds** | We will use the proceeds of this offering to redeem the Senior Secured Notes issued from June through September 2025 and for general corporate purposes, including working capital. See "Use of Proceeds". |
| **Market for the Offered Shares** | There is currently no public trading market for our common stock, and the Offered Shares will not be listed on any exchange upon the closing of this offering. Our long-term strategy includes a plan to list our common stock on the Nasdaq Capital Market. We believe this offering will make it more likely that we meet the initial financial and shareholder requirements for a Nasdaq listing by raising capital and increasing our number of round lot shareholders. We have reserved the ticker symbol "GOTV" with Nasdaq. Following the successful completion of this offering, management intends to pursue an application for listing on Nasdaq. However, this offering is not contingent upon our application for or approval of such a listing, and we can provide no assurance that a listing will ever be obtained.<br>|
| **Risk Factors** | An investment in the Offered Shares involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investments. You should carefully consider the information included in the Risk Factors section of this Offering Circular, as well as the other information contained in this Offering Circular, prior to making an investment decision regarding the Offered Shares. |

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**RISK FACTORS**

*An investment in the Offered Shares involves substantial risks. You should carefully consider the following risk factors, in addition to the other information contained in this Offering Circular, before purchasing any of the Offered Shares. The occurrence of any of the following risks might cause you to lose a significant part of your investment. The risks and uncertainties discussed below are not the only ones we face, but do represent those risks and uncertainties that we believe are most significant to our business, operating results, prospects and financial condition. Some statements in this Offering Circular, including statements in the following risk factors, constitute forward-looking statements. See "Cautionary Statement Regarding Forward-Looking Statements".*

**RISKS RELATED TO THE OFFERING**

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

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

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

 ****

Our business strategy includes applying to list our common stock on the Nasdaq Capital Market following the conclusion of this offering. We have reserved the ticker symbol "GOTV" as part of this strategy. However, our ability to qualify for a Nasdaq listing is subject to numerous factors, including our ability to raise sufficient capital in this offering, attract a sufficient number of stockholders to meet exchange requirements, and satisfy Nasdaq's other quantitative and qualitative listing standards. We may not be successful in meeting these requirements. Even if we do meet the requirements, Nasdaq may reject our application for any reason, and we will be required to maintain compliance with Nasdaq's listing requirements in order to avoid being delisted. You should not invest in this offering with the expectation that a Nasdaq listing will occur. Even if we are successful in meeting the initial requirements for a Nasdaq application, the process of applying for and receiving approval for listing can be lengthy and expensive. There could be a significant delay between the closing of this offering and the eventual commencement of trading on Nasdaq. During this period, your investment will remain illiquid.

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

 ****

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

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

If you purchase our shares or common stock in this offering, the value of your shares based on our pro forma net tangible book value will immediately be less than the offering price you paid. This reduction in the value of your equity is known as dilution. At an assumed public offering price of $[●] per share, which represents the high end of the offering price range herein, purchasers of common stock in this offering will experience immediate dilution of approximately $[●] per share, representing the difference between the assumed public offering price per share in this offering and our pro forma as adjusted net tangible book value per share as of December 31, 2024, after giving effect to the Pro Forma Adjustments (as defined herein), this offering, and after deducting estimated offering expenses payable by us. See "Dilution."

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

There is no required minimum number of shares of common stock that must be sold as a condition to completion of this offering. Because there is no minimum offering amount required as a condition to the closing of this offering, the actual offering amount, and proceeds to us, are not presently determinable and may be substantially less than the maximum amounts set forth in this Offering Circular. We may sell fewer than all of the Offered Shares, which may significantly reduce the amount of proceeds received by us, and investors in this offering will not receive a refund in the event that we do not sell an amount of shares of common stock sufficient to pursue the business goals outlined in this Offering Circular, including the redemption of the approximately $1.25 million of Senior Secured Notes issued from June through September 2025 (the "Seed Notes"). Thus, we may not raise the amount of capital we believe is required for our business and may need to raise additional funds, which may not be available or available on terms acceptable to us. Despite this, any proceeds from the sale of the shares of common stock offered by us will be available for our immediate use upon our acceptance of an investor's subscription and our delivery of written instructions to the Escrow Agent in one or more closings. Because there is no minimum offering amount in this offering, investors could be in a position where they have invested in us, but we are unable to fulfill our objectives due to a lack of interest in this offering.

***The purchase price for the common stock is arbitrary and there is no underwriter or a placement agent.***

In the absence of a market for the shares of common stock, the offering price of our shares was arbitrarily determined by us and was not determined by reference to any traditional criteria of value, such as book value, earnings or assets. The offering price does not necessarily represent the current value of our common stock and should not be regarded as an indication of any future price for our common stock. We intend to sell the shares directly to investors and not through an underwriter, a placement agent, or other registered broker-dealer who is paid sales commissions. As such, purchasers of the shares will not have the benefit of an independent party negotiating the offering price.

***There will be no independent review or verification of the offering's accuracy and suitability which may increase the risk to prospective investors.***

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We intend to sell the shares directly to investors and not through an underwriter, a placement agent, or other registered broker-dealer who is paid sales commissions. Under federal securities laws, an independent broker-dealer is expected to take steps to ensure that the information contained in an offering document is accurate and complete. The steps are typically taken by the "managing underwriter" or "managing dealer" who participates in the preparation of an offering document. Since no underwriter or placement agent is engaged for this offering, this independent review and analysis of this Offering Circular and the offering will not be conducted.

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

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

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

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

We currently intend to use the net proceeds from the sale of shares of common stock under this offering to redeem the Seed Notes and for general corporate purposes, including working capital. We have not reserved or allocated specific amounts for any of these purposes, other than the mandatory redemption of the Seed Notes, and we cannot specify with certainty how we will use the net proceeds. See "Use of Proceeds". Accordingly, our management will have considerable discretion in the application of the net proceeds, and you will not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately. We may use the net proceeds for corporate purposes that do not increase our operating results or market value.

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

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

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

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

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

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

***Because we are not subject to compliance with rules requiring the adoption of certain corporate governance measures, our stockholders have limited protection against interested director transactions, conflicts of interest and similar matters.***

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

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

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

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Immediately prior to this offering, our Founder, Chief Executive Officer, and Chairman Travis Trawick owned 75.00% of our outstanding and issued shares of common stock. Assuming that all of the Offered Shares are sold in this offering, we expect that Mr. Trawick will own approximately 50.00% of our outstanding and issued shares of common stock. Accordingly, Mr. Trawick will be able to exercise control over all matters requiring our stockholders' approval, including the election of our directors, amendments of our organizational documents and any merger, consolidation, sale of all or substantially all of our assets or other major corporate transactions. Mr. Trawick may have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests. This concentrated control could have the effect of delaying, preventing or deterring a change in control of our company, could deprive our stockholders of an opportunity to receive a premium for their shares as part of a sale of our company, and could ultimately affect the market price of our securities.

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

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

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

We will be required to publicly report on an ongoing basis under the reporting rules set forth in Regulation A for Tier 2 issuers. The ongoing reporting requirements under Regulation A are more relaxed than for "emerging growth companies" under the Exchange Act. The differences include, but are not limited to, being required to file only annual and semiannual reports, rather than annual and quarterly reports. Annual reports are due within 120 calendar days after the end of the issuer's fiscal year, and semiannual reports are due within 90 calendar days after the end of the first six months of the issuer's fiscal year. Therefore, our investors could receive less information than they might expect to receive from exchange traded public companies.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Historically, a significant portion of our revenue in any given quarter and fiscal year has been generated by a small number of large clients. In the year ended December 31, 2024, we derived 44.01% of our revenue from three clients. Our relationships with these clients are often tied to specific election cycles, and there is no assurance that we will be able to maintain these relationships or that our major clients will continue to use our services at historical levels, or at all.

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

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

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

● develop our platform, including by investing in our engineering team, creating, acquiring or licensing new products or features, and improving the functionality, availability and security of our platform;

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

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

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

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

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

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

● explore strategic acquisitions.

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

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

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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We have committed to operating as a non-partisan organization, a principle that is a core part of our identity and is reflected in our Code of Business Conduct and Ethics. Our goal is to provide services to clients and organizations across the political spectrum.

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

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

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

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

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

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

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

Regulators have previously sought to hold communications platform providers liable for the unlawful election communications of their clients. For example, a series of robocalls made by the organization Project 1599 that included false claims about mail-in ballots ahead of the 2020 general election resulted in civil and legal liability for the organization's members, including criminal charges in multiple states and a $5,134,500 fine from the FCC.<sup>3</sup> The platform that the organization used to disseminate these communications was sued by the New York Attorney General, resulting in a settlement that required the platform to enter into a consent decree, offer 200,000 complementary minutes of robocalls to a non-partisan voter protection organization, and pay $50,000 in restitution.<sup>4</sup> If one of our clients uses our platform for illegal activities, we could be subject to investigations, litigation, and significant financial or operational penalties, even if we were not aware of or contractually responsible for the unlawful content of the message.

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

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

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

<sup>3</sup> *In the Matter of John M. Burkman*, Forfeiture Order, FCC 23-44 (June 6, 2023), https://docs.fcc.gov/public/attachments/FCC-23-44A1.pdf

<sup>4</sup> *Nat'l Coal. on Black Civic Participation v. Wohl*, No. 1:20-cv-8668, Consent Decree (S.D.N.Y. June 2, 2022), https://ag.ny.gov/sites/default/files/project_1599_consent_decree_0.pdf

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

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

 

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

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

The growth of prediction markets may also affect the total market for campaign services in ways that we cannot predict. For instance, individual traders with substantial investments in event contracts related to the 2024 presidential election reportedly commissioned proprietary opinion polls to inform their financial position.<sup>5</sup> Similar actions by financially motivated investors in prediction markets may shift the nature of the campaign services market or the regulation of voter outreach in ways that we are unable to anticipate. We are not able to predict how similarly-situated stakeholders may affect the market for campaign spending in future election cycles, nor can we be certain that we will be able to effectively adapt our business to any such changes.

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

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

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

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

<sup>5</sup> James Bickerton, *Mystery 'Trump Whale' Speaks Out After Winning $50 Million by Defying Polls*, Newsweek (Nov. 8, 2024), https://www.newsweek.com/trump-whale-trader-wins-50-million-election-polls-1982768

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

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

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

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

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

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

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

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

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

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

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

● regulatory hurdles;

● failure of anticipated benefits to materialize;

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

● retention of employees from the acquired company;

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

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

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

● coordination of product development and sales and marketing functions;

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

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

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

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

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Recent years have seen increasing awareness and concern among the general public, privacy advocates, mainstream media, governmental bodies and others regarding spam or scam communications, including robocalls and text messages. The FCC cites unwanted calls as its top consumer complaint and enforcement priority<sup>6</sup>, and spam text messages have proliferated to the extent that nearly 20 billion are sent in the United States each month.<sup>7</sup> Because we utilize peer-to-peer messaging and do not permit messages to be sent using an autodialer on our platform, messages sent on our platform do not constitute spam. However, consumer concerns about the receipt of unwanted text messages, whether or not valid as applied to messages sent using our platform and whether driven by applicable laws and regulations, industry standards, or the broader public, may harm our reputation, result in loss of goodwill, and inhibit use of our platform and services by current and future customers. Any unfavorable publicity or negative public perception about us, our industry, including our competitors, or even illegal providers of scam robotexts can affect our business and results of operations, and may lead to additional regulatory scrutiny or lawmaking that affects us or our industry. Additional public scrutiny may lead to general distrust of our industry, voter reluctance to interact with campaigns or issue organizations via their cell phone, increased consumer opt-out rates or legal or regulatory action, any of which could negatively influence, change or reduce our current and prospective clients' demand for our products and services, subject us to liability, and adversely affect our business and operating results.

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

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

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

<sup>6</sup> FCC Consumer Guide, *Stop Unwanted Robocalls and Texts*, https://www.fcc.gov/consumers/guides/stop-unwanted-robocalls-and-texts

<sup>7</sup> Robokiller, "Spam Text Insights," https://www.robokiller.com/spam-text-insights

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**RISKS RELATED TO GOVERNMENT REGULATION** 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

● further reductions in mining rewards of bitcoin, including due to block reward halving events, which are events that occur after a specific period of time (the most recent of which occurred in April 2024) that reduce the block reward earned by "miners" who validate bitcoin transactions, or increases in the costs associated with bitcoin mining, including increases in electricity costs and hardware and software used in mining, or new or enhanced regulation or taxation of bitcoin mining, which could further increase the costs associated with bitcoin mining, any of which may cause a decline in support for the Bitcoin network;

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

● harm to our reputation and brand;

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

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

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

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

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

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

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

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

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

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

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

 ****

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

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

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

**USE OF PROCEEDS**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Assumed Percentage of Offered Shares Sold in This Offering** | **Assumed Percentage of Offered Shares Sold in This Offering** | **Assumed Percentage of Offered Shares Sold in This Offering** | **Assumed Percentage of Offered Shares Sold in This Offering** |
|  | **25%** | **50%** | **75%** | **100%** |
| Offered Shares sold | 2500000 | 5000000 | 7500000 | 10000000 |
| Gross proceeds | $[●] | $[●] | $[●] | $[●] |
| Offering expenses<sup>(1)</sup> | [●] | [●] | [●] | [●] |
| &nbsp;&nbsp;&nbsp;**Net proceeds** | $[●] | $[●] | $[●] | $[●] |

---

<sup>(1)</sup> Represents legal and accounting fees and expenses and out-of-pocket costs of escrow and clearing agent. See "Plan of Distribution."

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** | **Use of Proceeds for Assumed Percentage**<br> **of Offered Shares Sold in This Offering** |
|  | **25%** | **50%** | **75%** | **100%** |
| Marketing and Advertising | $[●] | $[●] | $[●] | $[●] |
| Redemption of the Seed Notes | [●] | [●] | [●] | [●] |
| General Corporate Expenses, including Working Capital | [●] | [●] | [●] | [●] |
| &nbsp;&nbsp;&nbsp;**Total** | $[●] | $[●] | $[●] | $[●] |

---

We reserve the right to change the foregoing use of proceeds, should our management believe it to be in the best interest of our company. The allocations of the proceeds of this offering presented above constitute the current estimates of our management and are based on our current plans, assumptions made with respect to the industry in which we currently or, in the future, expect to operate, general economic conditions and our future revenue and expenditure estimates. None of the net proceeds from this offering will be used to compensate or otherwise make payments to officers or directors of the issuer or any of our subsidiaries, other than the extent to which any Seed Notes held by our officers or directors are redeemed pursuant to the mandatory redemption of the Seed Notes on a pro rata basis.

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

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

**DILUTION**

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

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

After giving effect to the issuance of the Seed Notes in the aggregate principal amount of $1.25 million (the "Seed Notes"), generating gross proceeds to us of approximately $1.19 million subsequent to December 31, 2024 (collectively, the "Pro Forma Adjustments"), our pro forma net tangible book value would have been approximately $[●], or $[●] per share.

After giving further effect to the assumed sale by us of the Offered Shares at an assumed public offering price of $[●] per share (which represents the high end of the offering price range herein), and after deducting estimated offering expenses, our pro forma as adjusted net tangible book value as of June 30, 2025, would have been approximately $[●] or $[●] per share of common stock. This represents an immediate increase in the net tangible book value of $[●] per share to our existing stockholders and an immediate and substantial dilution in net tangible book value of $[●] per share to new investors. The following table illustrates this hypothetical per share dilution:

---

| | |
|:---|:---|
| Assumed public offering price per share | $[●] |
| Historical net tangible book value per share as of June 30, 2025 | $[●] |
| Decrease in net tangible book value per share attributable to the Pro Forma Adjustments | $[●] |
| Pro forma net tangible book value per share as of June 30, 2025 | $[●] |
| Increase in pro forma net tangible book value per share attributable to this offering | $[●] |
| Pro forma as adjusted net tangible book value per share as of June 30, 2025, after giving effect to this offering | $[●] |
| **Dilution per share to purchasers of Offered Shares in this offering** | $[●] |

---

A $[●] increase in the assumed public offering price of [●] per Offered Share, would increase the pro forma as adjusted net tangible book value per share by $[●], and increase dilution to new investors by $[●] per share, in each case assuming that the number of Offered Shares offered by us, as set forth on the cover page of this Offering Circular, remains the same and after deducting estimated offering expenses payable by us.

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

The number of shares of common stock outstanding as of June 30, 2025, as shown above, is based on 15,000,000 shares of common stock issued and outstanding as of that date.

**PLAN OF DISTRIBUTION**

We are offering a maximum of 10,000,000 Offered Shares on a "best-efforts" basis, at a fixed price of $[●] to $[●] per Offered Share (to be fixed by post-qualification supplement). There is no minimum purchase requirement for investors in this offering. This offering will terminate at the earliest of (a) the date on which the maximum offering has been sold, (b) the date which is one year from this offering being qualified by the SEC or (c) the date on which this offering is earlier terminated by us, in our sole discretion.

There is no minimum number of Offered Shares that we are required to sell in this offering. We intend to complete one or more closings on a rolling basis. Until we complete a closing, the proceeds for this offering will be kept in the Wilmington Trust Escrow Account (as defined below). At each closing, the proceeds will be distributed to us and the associated Offered Shares will be issued to the investors. If there are no closings or if funds remain in the escrow account upon termination of this offering without any corresponding closing, the funds so deposited for this offering will be promptly returned to investors without deduction and without interest.

We intend to sell the Offered Shares in this offering through the efforts of our Chairman, Chief Executive Officer, and Interim Chief Financial Officer, Travis Trawick. Mr. Trawick will not receive any compensation for offering or selling the Offered Shares. We believe that Mr. Trawick is exempt from registration as a broker-dealer under the provisions of Rule 3a4-1 promulgated under the Exchange Act. In particular, Mr. Trawick:

● is not subject to a statutory disqualification, as that term is defined in Section 3(a)(39) of the Securities Act; and

● is not to be compensated in connection with his participation by the payment of commissions or other remuneration based either directly or indirectly on transactions in securities; and

● is not an associated person of a broker or dealer; and

● meets the conditions of the following:

○ primarily performs, and will perform at the end of this offering, substantial duties for us or on our behalf otherwise than in connection with transactions in securities; and

○ was not a broker or dealer, or an associated person of a broker or dealer, within the preceding 12 months; and

○ did not participate in selling an offering of securities for any issuer more than once every 12 months other than in reliance on paragraphs (a)(4)(i) or (iii) of Rule 3a4-1 under the Exchange Act.

As of the date of this Offering Circular, we have not entered into any agreements with selling agents for the sale of the Offered Shares. However, we reserve the right to engage FINRA-member broker-dealers, in which case the offering expenses incurred by the Company would increase.

***Other Expenses of the Offering***

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

We have paid EquiDeFi an advance of $5,000 in connection with this offering. Starting once the offering is open to accepting investors, we have agreed to pay EquiDeFi $2,500 monthly in account maintenance fees (up to a maximum of $30,000 during the duration of the offering). In addition, we have agreed to pay EquiDeFi credit card processing fees (4.0% plus $0.30 per swipe) plus any charge back fees or expenses and .50% plus $5.00 for each ACH transfer fee to all purchasers in lieu of charges to investors.

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

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

**Procedures for Subscribing**

If you are interested in subscribing for Offered Shares in this offering, please submit a request for information by e-mail to invest@GOTV.com; all relevant information will be delivered to you by return e-mail. Thereafter, should you decide to subscribe for Offered Shares, you are required to follow the procedures described in the subscription agreement included in the delivered information, which are:

● electronically execute and deliver to us a subscription agreement; and

● deliver funds directly by check or by wire or electronic funds transfer via ACH to the Wilmington Trust Escrow Account.

Any such funds that the Escrow Agent receives shall be held in the Wilmington Trust Escrow Account until your subscription has been accepted and a closing of the offering takes place, then used to complete your purchase of the Offered Shares, unless this offering is earlier terminated by us or fails to close, in which event such funds shall be returned without deduction and without interest.

*Right to Reject Subscriptions*

After we receive your complete, executed subscription agreement and the funds required under the subscription agreement have been transferred to the Escrow Agent, we have the right to review and accept or reject your subscription in whole or in part, for any reason or for no reason. We will instruct the Escrow Agent to return all monies from rejected subscriptions immediately to you, without interest or deduction.

*Acceptance of Subscriptions*

Conditioned upon our acceptance of a subscription agreement, we will countersign the subscription agreement and issue the Offered Shares subscribed. Once you submit the subscription agreement and it is accepted, you may not revoke or change your subscription or request your subscription funds. All accepted subscription agreements are irrevocable.

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

An investor will become a shareholder of the Company, and the Offered Shares will be issued, as of the date of settlement. Settlement will not occur until we accept the investor as a shareholder and issue written instructions to the Escrow Agent authorizing the release of funds from the Wilmington Trust Escrow Account, which we intend to do in one or more closings on a rolling basis.

By executing the subscription agreement and paying the total purchase price for the Offered Shares subscribed, each investor agrees to accept the terms of the subscription agreement and attests that the investor meets certain minimum financial standards.

An approved trustee must process and forward to us subscriptions made through IRAs, Keogh plans and 401(k) plans. In the case of investments through IRAs, Keogh plans and 401(k) plans, we will send the confirmation and notice of our acceptance to the trustee.

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

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

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

**Issuance of Offered Shares**

Upon settlement, that is, at such time as an investor's funds have been released to us from the Wilmington Trust Escrow Account following a closing, we will issue such investor's purchased Offered Shares in book-entry form.

**Transferability of the Offered Shares**

There is currently no public market for our common stock, and one may never develop. Accordingly, while the Offered Shares will be generally freely transferable, subject to any restrictions imposed by applicable securities laws or regulations, an investor's ability to sell or transfer their shares will be severely limited by the absence of a liquid trading market. Our long-term strategy includes a plan to list our common stock on the Nasdaq Capital Market. We believe this offering will make it more likely that we meet the initial financial and shareholder requirements for a Nasdaq listing. We have reserved the ticker symbol "GOTV" with Nasdaq. Following the successful completion of this offering, management intends to pursue a Nasdaq listing application. However, this offering is not contingent upon our application for or approval of such a listing, and we can provide no assurance that a listing will ever be obtained.

**DESCRIPTION OF BUSINESS**

 ****

**Corporate History**

RoboCent, Inc. was incorporated in the State of Delaware in 2012 and reincorporated in the Commonwealth of Virginia in August of 2016. In 2025, the sole shareholder of RoboCent, Inc. approved an Agreement and Plan of Merger with FullPAC, Inc. FullPAC, Inc. was incorporated in the State of Nevada in June of 2025. Pursuant to the Agreement and Plan of Merger, the sole shareholder of RoboCent, Inc. received the same class and number of shares of stock in FullPAC, Inc. as he previously held in RoboCent, Inc., FullPAC, Inc. became the sole shareholder of RoboCent, Inc., and RoboCent, Inc. became a wholly owned subsidiary of FullPAC, Inc. Our headquarters are located in Virginia Beach, Virginia.

**Senior Secured Notes**

From June through September 2025, the Company issued Senior Secured Notes with principal amounts aggregating to approximately $1.25 million (the "Seed Notes"), generating aggregate gross proceeds to the Company of approximately $1.19 million. The proceeds from the issuance of the Seed Notes are being used to expand the Company's product offerings and to fund general corporate operations, including expenses associated with this Offering. The Seed Notes are subject to mandatory redemption upon the receipt of at least $2.5 million in a qualified equity financing, including this Offering, and 50% of such net proceeds from a qualified equity financing will be used to redeem the Seed Notes on a pro rata basis until such time as all the Seed Notes have been redeemed.

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

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

**Overview**

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

Spending on elections in the United States has accelerated tremendously. According to data from OpenSecrets, the average winner of a federal legislative election in 1990 spent $407,556 on their campaign for the House or $3,870,621 on their campaign for the Senate. By 2010, the average spend had roughly tripled, with House winners spending an average of $1,439,997 and Senate winners spending an average of $9,782,702, and the numbers had increased seven-fold by 2022, when the average House winner spent $2,789,859 and the average Senate winner spent $26,525,065. On an inflation-adjusted basis, total expenditures on presidential and congressional elections increased from $3.1 billion in 2000 to $18.3 billion in 2020.<sup>8</sup>

<sup>8</sup> OpenSecrets, *Cost of Election*, available at: https://www.opensecrets.org/elections-overview/cost-of-election

![](form1-a_002.jpg)

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These figures represent only federal political spending in the U.S., excluding spending by campaigns for public offices at the state, county, city, or district level. Besides races for office, political organizations have increased their spending to influence public opinion. In 2022, more than $1 billion was spent to support or oppose state-level ballot measures placed directly before voters, with 27 different ballot measures generating at least $5 million each in spending.<sup>9</sup> Additionally, outside spending in connection with races for office has increased with the proliferation of super PACs and other issue-oriented organizations, which are formed with the purpose of spending vast amounts of money to influence public opinion. Any organization that wants to connect with voters represents a potential client for our services.

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

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

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

**Principal Products and Services**

FullPAC's core offerings include:

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

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

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

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

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

*Subscription Packages*

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

<sup>9</sup> OpenSecrets, *Ballot Measures*, available at: https://www.opensecrets.org/ballot-measures/2022

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

 

*P2P Messaging*

 

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

We currently charge clients between 3 cents (for pay-as-you-go clients) and 2.5 cents (for Turnkey subscribers) per 160-character SMS text message sent using the RoboCent platform. For MMS messages that include a picture, we charge between 7 cents (for pay-as-you-go clients) and 6 cents (for Turnkey subscribers) per message. For MMS messages that include up to 60 seconds of HD video, we charge between 9 cents (for pay-as-you-go clients) and 8 cents (for Turnkey subscribers) per message. An additional charge of between 2 cents (for pay-as-you-go clients) and 1 cent (for Turnkey subscribers) per message applies for campaigns that elect to have our agents send outbound messages, with our agents receiving 0.5 cents in compensation for each message they send. We also may enter into custom agreements with our clients that may result in us charging lower messaging rates in exchange for prepayments, minimum order commitments, or other consideration.

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

*RoboCalls*

 

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

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

*Voter Data*

 

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

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

*Public Opinion Polling*

 

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

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

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

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

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

**Strategic Advantages**

*Service Offerings*

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

We expect that P2P messaging will be an increasingly important part of political campaign spending. According to data from Twilio, businesses that have invested in digital-first engagement with their customers have seen revenues increase by 70% on average, with 79% of increases in 2021 revenue attributable to investments in digital customer engagement.<sup>10</sup> As more campaigns become professionalized operations with significant budgets, we believe that campaigns will mirror trends elsewhere in business and that our offerings will appeal to data-driven clients seeking more attention and feedback assessment than other forms of voter outreach. Unlike radio, direct mail, and TV ads, P2P messaging facilitates trackable click-through rates to measure engagement, giving our clients access to valuable analytics. Unlike email outreach, text messages are quickly opened by recipients, facilitating a swift response and actionable feedback. In 2020, a report by Tech for Campaigns found that there was an aggregate 0.7% increase in voter turnout among all voters who were texted by one of their volunteers ahead of the general election, with the turnout rate for the least likely quintile of voters who received a text message increasing to 31% compared to the 8.2% turnout rate for voters from the same quintile that did not receive a text.<sup>11</sup>

<sup>10</sup> Twilio, *State of Consumer Engagement Report 2022*, https://twilio-cms-prod.s3.amazonaws.com/documents/Twilio_SOCER_2022_EN.pdf

<sup>11</sup> Tech for Campaigns, *2020 Texting Analysis*, https://www.techforcampaigns.org/impact/2020-texting-analysis

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

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

*Political Divide*

 

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

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

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

 

*Consolidate Talent through Strategic Acquisitions*

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

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

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**Employees**

As of September 4, 2025, we employ 4 full-time employees and 38 part-time or contract personnel located within the United States. Approximately 30 of our part-time or contract personnel are RoboCent agents, who individually send P2P messages for clients and are compensated on a per-message basis. This team of agents allows for more than 30,000,000 P2P messages to be sent per day on the platform, a number which excludes any messages that clients choose to send through our self-service offering. We also utilize the services of 3 part-time contract personnel located outside of the United States for software development and graphic design.

**Cyclicality**

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

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

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

**Industry Competition**

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

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

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

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

We intend to further our competitive advantage through synergistic acquisitions of high margin specialists focused on a particular niche. Political campaigns seek to engage proven difference-makers, and we believe that consolidating premium campaign talent will increase our ability to attract new clients and develop our business. In particular, we expect that adding proven talent will attract more business from clients in the most competitive races, which we expect to result in higher revenue. Furthermore, we believe our status as a public entity will provide a distinct advantage in executing this acquisition-focused growth strategy. In an industry largely composed of smaller, privately-held firms, the ability to use publicly tradable common stock as acquisition currency and offer equity incentives to retain key personnel may represent a more attractive proposition for potential targets compared to offers from other private competitors.

**Governmental Regulation**

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

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

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

 

*Telephone Consumer Protection Act*

 

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

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

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

*Federal Election Commission and Campaign Disclosure Rules*

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

*State Laws and Regulations*

 

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

*10DLC Registration and Other CTIA Guidelines*

 

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

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

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

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

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

**Our Bitcoin Accumulation Strategy**

In September 2025, we adopted a bitcoin accumulation strategy and made bitcoin one of our primary treasury reserve assets on an ongoing basis, subject to market conditions and our anticipated cash needs. Our strategy includes long-term acquisition and holding of bitcoin, subject to market conditions, using one or a combination of cash flows from our business operations, issuing equity or debt securities, or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin. We view our bitcoin as long-term holdings, but we may periodically sell or otherwise dispose of bitcoin for corporate purposes, tax strategies, or other applicable financing transactions. We may also use our bitcoin as collateral for financing or to generate income. We have no specific accumulation target and will monitor market conditions in determining whether to engage in additional bitcoin purchases.

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

*Our Bitcoin Holdings*

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As of December 31, 2024 and 2023, we did not own any bitcoin. As of September 8, 2025, we owned 0 bitcoins.

*Execution of Bitcoin Transactions*

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

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

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

*Custody of our Bitcoin*

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

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

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

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

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

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

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

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

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

**Intellectual Property**

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

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

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

**Cybersecurity**

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

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

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

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

**Legal Proceedings**

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

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

 

**DESCRIPTION OF PROPERTY**

 

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

 

 

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF**

**FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

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

**Overview**

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

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

Spending on elections in the United States has accelerated tremendously. According to data from OpenSecrets, the average winner of a federal legislative election in 1990 spent $407,556 on their campaign for the House and $3,870,621 on their campaign for the Senate. By 2010, the average spend had roughly tripled, with House winners spending an average of $1,439,997 and Senate winners spending an average of $9,782,702 on their campaigns. The numbers increased seven-fold by 2022, when the average House winner spent $2,789,859 and the average Senate winner spent $26,525,065 on their campaigns. On an inflation-adjusted basis, total expenditures on presidential and congressional elections increased from $3.1 billion in 2000 to $18.3 billion in 2020.

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

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

**Results of Operations**

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

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

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

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***Revenue***

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

***Cost of Revenue***

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

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***Operating Expenses***

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

***Interest Expense***

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

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

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

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

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***Revenue***

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

***Cost of Revenue***

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

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***Operating Expenses***

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

***Interest Expense***

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

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

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

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

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***Revenue***

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

***Cost of Revenue***

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

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***Operating Expenses***

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

***Interest Expense***

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

***Income tax expense***

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

**Liquidity and Capital Resources**

***Overview***

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

From June through September 2025, RoboCent entered into a series of Senior Secured Promissory Notes with investors for an aggregate principal amount of $1.25 million (the "Seed Notes"). The Seed Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all of our assets. In the event we enter into a Qualified Financing, as defined in the Seed Notes, in which we receive gross proceeds of at least $2,500,000, we shall apply 50% of the proceeds from such Qualified Financing to redeem the Seed Notes (a "Qualified Financing Redemption"). The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) our post-money valuation following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Seed Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Seed Note held by such holder on the date of such Qualified Financing Redemption. For the avoidance of doubt, the Seed Note does not grant the Holder any equity, conversion rights, or ownership in the Company. The Seed Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

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

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

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*Cash provided by operating activities*

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

*Cash used in investing activities*

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

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*Cash provided by financing activities*

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

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

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

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*Cash provided by operating activities*

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

*Cash used in investing activities*

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

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*Cash provided by (used in) financing activities*

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

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**Critical Accounting Policies**

***Use of Estimates***

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

***Revenue Recognition***

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

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

**Capitalized Software Development Costs**

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

**Known Trends, Events and Uncertainties**

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

**Recently Issued Accounting Pronouncements**

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

**DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES**

**Directors and Executive Officers**

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

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| | | | |
|:---|:---|:---|:---|
| **Name** | **Position Held with Our Company** | **Age** | **Term of Office** |
| *Executive Officers* |  |  |  |
| Travis Trawick | Co-Founder and Chief Executive Officer<br> Interim Chief Financial Officer | 31 | May 2012 – Present |
| Isaac Dietrich | Co-Founder and Chief Financial Officer | 33 | Effective upon Nasdaq Listing |
| Daniel Flowers | Chief Technology Officer | 41 | September 2025 – Present |
| Ryan Deal | General Counsel and Secretary | 31 | June 2025 – Present |
| *Directors* |  |  |  |
| Travis Trawick | Chairman | 31 | May 2012 - Present |
| Isaac Dietrich | Executive Director | 33 | Effective upon Nasdaq Listing |
| Robert Steele | Independent Director | 59 | Effective upon Nasdaq Listing |
| Joanna Massey | Lead Independent Director | 57 | Effective upon Nasdaq Listing |
| Jason Adelman | Independent Director | 54 | Effective upon Nasdaq Listing |

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**Business Experience**

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

Travis Trawick co-founded RoboCent in May 2012, initially developing internal software to help local political clients execute more affordable and effective voter outreach. Mr. Trawick pivoted RoboCent's focus to offering this innovative platform nationwide, enabling campaigns and nonprofits of all sizes and backgrounds to deploy highly personalized, data-driven outreach strategies.

As Chairman and CEO since May 2012, Mr. Trawick has built RoboCent into a top provider of campaign communication solutions by combining technical, regulatory, and operational expertise. He has led the company with an apolitical, nonpartisan approach, providing powerful tools that empower organizations of any affiliation to connect effectively with their audiences. Mr. Trawick has overseen outreach programs for more than 5,000 campaigns, including over 150 statewide races, 180 U.S. House campaigns, 4,000 local elections, nearly 100 party committees, and ballot-measure initiatives across more than 15 states. Recognized as a leading expert in political communications technology, he specializes in TCPA-compliant phone outreach, 10DLC registration, and advanced voter engagement techniques.

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

**Isaac Dietrich, Executive Director and Chief Financial Officer (effective upon Nasdaq Listing)**

Isaac Dietrich co-founded RoboCent in May 2012 and will serve as Executive Director and Chief Financial Officer of FullPAC, Inc., both commencing upon Nasdaq listing.

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

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

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

**Dan Flowers**, **Chief Technology Officer**

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

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

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

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

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

**Ryan Deal, General Counsel and Secretary**

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

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

Dr. Joanna Dodd Massey was elected to the Board of Directors of FullPAC, Inc. in August 2025 effective upon listing of the Company's common stock on Nasdaq and is an experienced public company board director. Her other board roles include KULR Technology Group (NYSE American: KULR), a Bitcoin-Plus Treasury company building frontier technology from high-performance energy systems to AI Robotics. She serves as Lead Independent Director, Chair of Nominating and Corporate Governance, and a member of the Audit and Compensation Committees for KULR.

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

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

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

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

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

Robert Steele was elected to the Board of Directors of FullPAC, Inc. in August 2025 effective upon listing of the Company's common stock on Nasdaq. Mr. Steele is the Chief Executive Officer and a director of Thumzup Media Corporation. From October 2019 until present Mr. Steele has operated a consulting business that has provided investor relations, financial, sales and marketing consulting services to various clients. Mr. Steele was the Director of Client Positioning at IRTH Communications, LLC from January 2017 to September 2019. From May 2016 through December 2016 Mr. Steele was an independent consultant rendering sales, marketing and investor relations services. From January 2010 to May 2016 Mr. Steele was the President of Rightscorp, Inc. While at Rightscorp, Mr. Steele designed and deployed patented intellectual property software as a service (SaaS) tools that were used by major brands like Warner Bros. to protect their intellectual property. As President of Rightscorp, Mr. Steele led the design of the software used by clients like Sony/ATV and BMG. BMG successfully used Mr. Steele's technology to win a landmark $25 million judgment against Cox Communications for copyright infringement. Mr. Steele holds a BS in Electronic and Computer Engineering from George Mason University.

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

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

**Family Relationships**

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

**Legal Proceedings**

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

**Agreements with Directors**

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

**COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS**

**Summary Compensation Table**

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

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

---

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

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

**Narrative Disclosure to Summary Compensation Table**

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

**Executive Compensation Arrangements**

***Employment Agreements***

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

***Founders Share Plan***

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

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

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

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

**Shares** **Available for Issuance.** There are currently no shares of our common stock reserved for issuance under the Founders Share Plan. Shares subject to awards that are forfeited, expire, or are cancelled will become available for future grants.

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

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

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

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

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

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

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

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

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

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

**SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITYHOLDERS**

The following table sets forth, as of September 8, 2025, certain information with respect to the beneficial ownership of our voting stock by (i) each director and executive officer who beneficially owns more than 10% of our voting securities, (ii) all stockholders (other than the directors and executive officers named in (i) that beneficially own more than 10% of our voting securities as such beneficial ownership would be calculated if the issuer were subject to Rule 13d-3(d)(1) of the Securities Exchange Act of 1934, as amended, and (iii) all directors and executive officers as a group.

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

---

| | | |
|:---|:---|:---|
| **Name and Address of Beneficial Owner<sup>(1)</sup>** | **Number of Shares of Common Stock Beneficially Owned** | **Percentage of Common Stock Beneficially Owned** |
| Travis Trawick | 15000000 | 75.00% |
| Isaac Dietrich | 2015000 | 10.08% |
| Ryan Deal | 500000 | 2.50% |
| Daniel Flowers | 500000 | 2.50% |
| Joanna Dodd Massey | 100000 | 0.50% |
| Robert Steele | 100000 | 0.50% |
| Jason Adelman | 100000 | 0.50% |
| All directors and executive officers as a group (7 persons) | 18315000 | 91.58% |

---

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

 

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

 

**General**

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

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

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

**Related Party Transactions**

*Dividend Payments*

 

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

*FullPAC Merger*

 

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

*Seed Notes*

 

In connection with our issuances from June through September 2025 of Senior Secured Notes with principal amounts aggregating to approximately $1.25 million (the "Seed Notes"), certain of our executive officers (or their immediate family members) and directors (upon a Public Listing) purchased Seed Notes with principal amounts aggregating to approximately $263,603.

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

● Isaac Dietrich, our Chief Financial Officer and Director (both effective upon a Public Listing), purchased a Seed Note with a principal amount of $52,500.

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

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

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

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

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

● Gilbert Dietrich, an immediate family member of our Chief Financial Officer and Director (both effective upon a Public Listing), purchased Seed Notes with principal amounts aggregating to $17,325.

● April Dietrich, an immediate family member of our Chief Financial Officer and Director (both effective upon a Public Listing), purchased a Seed Note with a principal amount of $4,568.

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

● Joanna Dodd Massey, an independent director (upon a Public Listing), purchased a Seed Note with a principal amount of $26,250.

● Robert Steele, an independent director (upon a Public Listing), purchased a Seed Note with a principal amount of $10,500.

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

**SECURITIES BEING OFFERED** 

**General**

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

As of the date of this Offering Circular, there were 20,000,000 shares of our common stock issued and outstanding held by 17 holders of record.

**Common Stock**

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

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

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

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

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

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

**Preferred Stock**

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

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

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

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

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

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

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

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

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

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

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

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

**Transfer Agent and Registrar**

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

**DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION**

**FOR SECURITIES ACT LIABILITIES**

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

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

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

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

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

**EXPERTS**

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

**LEGAL MATTERS**

Certain legal matters with respect to the Offered Shares offered by this Offering Circular will be passed upon by Haynes and Boone, LLP, New York, New York.

**WHERE YOU CAN FIND MORE INFORMATION**

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

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

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

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

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

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

**PART I — FINANCIAL INFORMATION**

**ITEM 1 – FINANCIAL STATEMENTS**

Index to Financial Statements

---

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

---

---

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

---

**FullPAC, Inc.**

**Condensed Consolidated Balance Sheets**

---

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

---

See accompanying notes to the unaudited condensed financial statements.

**FullPAC, Inc.**

**Condensed Consolidated Statements of Operations**

**(Unaudited)**

---

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

---

See accompanying notes to the unaudited condensed financial statements.

**FullPAC, Inc.**

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

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

**(Unaudited)**

---

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

---

See accompanying notes to the unaudited condensed financial statements.

**FullPAC, Inc.**

**Condensed Consolidated Statements of Cash Flows**

**(Unaudited)**

---

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

---

See accompanying notes to the unaudited condensed financial statements.

**FULLPAC, INC.** 

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

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

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

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

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

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

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

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

**Use of Estimates**

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

**Fair Value of Financial Instruments**

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

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

**Cash**

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

**Property and Equipment, net**

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

**Related Parties**

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

**Operating leases**

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

**Revenue Recognition**

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

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

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

(ii) Identify
 the performance obligation in the contract;

(iii) Determine
 the transaction price;

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

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

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

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

**Advertising**

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

**Income Taxes**

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

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

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

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

**Capitalized Software Development Costs**

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

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

**Segment Reporting**

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

**Recent Accounting Pronouncements**

***Income Taxes***

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

***Segment Reporting***

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

***Disaggregation of Income Statement Expenses***

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

***Crypto Assets***

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

**NOTE 3 – SECURED NOTES PAYABLE**

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

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

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

**NOTE 4 – RELATED PARTY TRANSACTIONS**

*Dividend Distribution* 

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

*Secured Notes Payable* 

 

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

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

**NOTE 5 – STOCKHOLDER EQUITY**

*Preferred Stock*

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

*Common Stock*

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

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

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

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

**NOTE 6 – CONCENTRATIONS OF RISK**

*Supplier Concentrations*

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

*Customer Concentrations*

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

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

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

**NOTE 7 – COMMITMENTS AND CONTINGENCIES**

*Legal Matters*

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

**NOTE 8 – SUBSEQUENT EVENTS**

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

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

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

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

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and Shareholder

FullPAC, Inc.

**Opinion on the Financial Statements**

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

**Basis for Opinion**

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

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

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

**Critical Audit Matter**

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

***Intangible Assets***

 ****

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

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

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

---

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

---

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

**Balance Sheets**

---

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

---

See accompanying notes to the financial statements.

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

**Statements of Operations**

---

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

---

See accompanying notes to the financial statements.

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

**Statements of Shareholder Equity**

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

---

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

---

See accompanying notes to the financial statements.

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

**Statements of Cash Flows**

---

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

---

See accompanying notes to the financial statements.

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

**Notes to Financial Statements**

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

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

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

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

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

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

**Use of Estimates**

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

**Fair Value of Financial Instruments**

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

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

**Cash**

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

**Property and Equipment, net**

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

**Related Parties**

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

**Revenue Recognition**

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

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

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

(ii) Identify
 the performance obligation in the contract;

(iii) Determine
 the transaction price;

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

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

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

The Company recognizes revenue upon the fulfillment of its performance obligations to customers, which is at a point in time when the campaign is delivered to the customers voter lists. As of December 31, 2024 and 2023, the Company had a contract liability of $0 and $0, respectively, for services customers had paid for and the Company had not yet delivered. The Company's contracts do not contain a financing component.

**Advertising**

The Company charges the costs of advertising to expense as incurred. Advertising costs were $16,080 and $16,390 for the years ended December 31, 2024 and 2023, respectively.

**Income Taxes**

The Company is organized as a Corporation and has elected to be taxed as S-Corporation for state and federal tax purposes. Income taxes are not payable by the Company. Shareholders of S-Corporations are taxed individually on their applicable share of earnings. Accordingly, no provision for income taxes is reflected in these financial statements. Net income or loss is allocated to the shareholder of the corporation. During the years ended December 31, 2024 and 2023, the Company owed Virginia state income taxes of $2,991 and $2,136, respectively related to pass through entity tax.

**Capitalized Software Development Costs**

The Company capitalizes certain costs related to the development and enhancement of the RoboCent platform. In accordance with authoritative guidance, including ASC 350-40, the Company began to capitalize these costs when the technological feasibility was established and preliminary development efforts were successfully completed, management has authorized and committed project funding, it was probable that the project would be completed, and the software would be used as intended. Such costs are amortized when placed in service, on a straight-line basis over the estimated useful life of the related asset, generally estimated to be three years. Costs incurred prior to meeting these criteria together with costs incurred for training and maintenance are expensed as incurred and recorded in product development expenses on our statements of operations. Costs incurred for enhancements that were expected to result in additional features or functionality that would generate additional revenue are capitalized and expensed over the estimated useful life of the enhancements, generally three years. The Company does not capitalize any testing or maintenance costs. The accounting for these capitalized software costs requires management to make significant judgments, assumptions and estimates related to the timing and amount of recognized capitalized software development costs. For the years ended December 31, 2024 and 2023, we capitalized $65,123 and $66,923 of costs related to the development of software applications, respectively. Amortization of capitalized software costs was $55,286 and $32,689 for the for the years ended December 31, 2024 and 2023, respectively. The balance of capitalized software was $86,594 and $76,757, net of accumulated amortization of $99,405 and $44,119 at December 31, 2024 and 2023, respectively.

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

**Segment Reporting**

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

**Recent Accounting Pronouncements**

***Income Taxes***

 ****

In December 2023, the FASB issued Accounting Standards Update ("ASU") No. 2023-09, *Income Taxes (Topic 740): Improvements to Income Tax Disclosures* ("ASU 2023-09"). ASU 2023-09 requires enhanced disclosures surrounding income taxes, particularly related to rate reconciliation and income taxes paid information. In particular, on an annual basis, companies will be required to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Companies will also be required to disclose, on an annual basis, the amount of income taxes paid, disaggregated by federal, state, and foreign taxes, and also disaggregated by individual jurisdictions above a quantitative threshold. The standard is effective for the Company for annual periods beginning January 1, 2025 on a prospective basis, with retrospective application permitted for all prior periods presented. The Company will adopt ASU 2023-09 for the annual period ending December 31, 2025 and is currently evaluating the impact of this guidance on its disclosures.

***Segment Reporting***

 ****

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

***Disaggregation of Income Statement Expenses***

 ****

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

***Crypto Assets***

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

**NOTE 3 – SECURED NOTE PAYABLE**

On May 10, 2024, the Company entered into a secured business loan agreement in the principal amount of $150,000 bearing a variable interest rate based on changes on the 1 Month Term Secured Overnight Financing Rate index, or 14.30% to 15.33%, with a maturity date of May 10, 2025. The note is secured by all assets of the Company. During fiscal year 2024, the Company made principal payments of $75,000 and interest payments of $12,774. As of December 31, 2024, the note had a principal balance of $75,000, with accrued interest of $0.

**NOTE 4 – RELATED PARTY TRANSACTIONS**

The Company has made regular cash dividend distributions to the Company's sole shareholder. During the years ended December 31, 2024 and 2023, the Company made dividend distributions in the amount of $10,025 and $50,926, respectively.

**NOTE 5 – STOCKHOLDER EQUITY**

The Company is authorized to issue 25,000 shares of common stock, with no par value per share. There were 25,000 shares of common stock outstanding at December 31, 2024 and 2023.

**NOTE 6 – CONCENTRATIONS OF RISK**

*Supplier Concentrations*

During the year ended December 31, 2024 and 2023, one supplier accounted for 78.8% and 47.7% of the Company's cost of revenues.

*Customer Concentrations*

The Company has a concentration of customers. For the fiscal year ended December 31, 2024, three large customers individually accounted for $194,922, $132,440, and $48,835, or approximately 23.55%, 14.95%, and 5.51% of our revenues, respectively. For the fiscal year ended December 31, 2023, two large customers individually accounted for $154,986 and $29,508, or approximately 33.26% and 6.33% of our revenues, respectively.

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

**NOTE 7 – COMMITMENTS AND CONTINGENCIES**

*Legal Matters*

 

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of August 5, 2025, there are no pending or threatened lawsuits.

**NOTE 8 – SUBSEQUENT EVENTS**

On May 9, 2025, the Company repaid the outstanding principal balance on the secured note of $75,000 and the accrued interest of $4,387.

In June through September 2025, the Company entered into a series of Senior Secured Promissory Notes with investors (the "Notes") for an aggregate principal amount of $1,249,947, of which $274,103 was from related parties. The Notes mature on December 31, 2026, bear interest at 15% per year, were issued with a 5% original issue discount and are secured by all assets of the Company. In the event the Company enters into a Qualified Financing, as defined in the Notes, in which the Company receives gross proceeds of at least $2,500,000, the Company shall apply 50% of the proceeds from such Qualified Financing to redeem the Notes (as defined in the Notes, a "Qualified Financing Redemption"). The cash redemption amount payable to each holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) post-money valuation of the Company following such Qualified Financing and (II) the quotient of (x) the outstanding note balance of the Note held by such holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Financing and (ii) $7 million (such amount redeemed, the "Qualified Financing Redemption Amount"); provided, however, that the Qualified Financing Redemption Amount paid to any holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Note held by such holder on the date of such Qualified Financing Redemption. For the avoidance of doubt, this Note does not grant the Holder any equity, conversion rights, or ownership in the Company. The Notes and any accrued and unpaid interest are due and payable in the event of a change of control of the Company.

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

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

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

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

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

**EXHIBITS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Exhibit Number** | **Description** | **Form** | **File**<br> **Number** | **Exhibit**<br> **Number** | **Filing Date** | **Filed**<br> **Herewith** |
| 2.1 | [Articles of Incorporation of FullPAC, Inc.](ex2-1.htm) |  |  |  |  | X |
| 2.2 | [Bylaws of FullPAC, Inc.](ex2-2.htm) |  |  |  |  | X |
| 3.1 | [Form of Senior Secured Promissory Note](ex3-1.htm) |  |  |  |  | X |
| 4.1 | [Form of Subscription Agreement](ex4-1.htm) |  |  |  |  | X |
| 6.1 | [Employment Agreement, dated as of July 1, 2025, between FullPAC, Inc. and Travis Trawick](ex6-1.htm) |  |  |  |  | X |
| 6.2 | [Form of Employment Agreement between FullPAC, Inc. and Isaac Dietrich](ex6-2.htm) |  |  |  |  | X |
| 6.3 | [Employment Agreement, dated as of September 1, 2025, between FullPAC, Inc. and Ryan Deal](ex6-3.htm) |  |  |  |  | X |
| 6.4 | [Employment Agreement, dated as of September 1, 2025, between FullPAC, Inc. and Dan Flowers](ex6-4.htm) |  |  |  |  | X |
| 6.5 | [Form of Executive Confidentiality and Restrictive Covenant Agreement](ex6-5.htm) |  |  |  |  | X |
| 6.6 | [Form of Independent Director Offer Letter](ex6-6.htm) |  |  |  |  | X |
| 6.7 | [Lease Agreement, dated as of June 23, 2025, between Club Forest Birdneck Office Suites, LLC and FullPAC, Inc.](ex6-7.htm) |  |  |  |  | X |
| 6.8 | [FullPAC, Inc. 2025 Long-Term Incentive Plan and form of equity grant thereunder](ex6-8.htm) |  |  |  |  | X |
| 6.9 | [Prime Broker Agreement, Custody Services Agreement, and Master Trading Agreement, dated as of July 30, 2025, between FullPAC, Inc. and Coinbase Inc.](ex6-9.htm) |  |  |  |  | X |
| 6.10 | [Side Letter, dated as of July 21, 2025, by and between FullPAC, Inc. and Travis Trawick](ex6-10.htm) |  |  |  |  | X |
| 8.1 | [Escrow Agreement, dated as of August 7, 2025, by and between FullPAC, Inc and Wilmington Trust, National Association, as Escrow Agent](ex8-1.htm) |  |  |  |  | X |
| 11.1 | [Consent of M&K CPAs, PLLC](ex11-1.htm) |  |  |  |  | X |
| 11.2\* | Consent of Haynes and Boone, LLP (included in Exhibit 12.1) |  |  |  |  |  |
| 12.1\* | Opinion of Haynes and Boone, LLP |  |  |  |  |  |
| 99.1 | [Consent of Joanna Massey to be named as director nominee](ex99-1.htm) |  |  |  |  | X |
| 99.2 | [Consent of Robert Steele to be named as director nominee](ex99-2.htm) |  |  |  |  | X |
| 99.3 | [Consent of Isaac Dietrich to be named as director nominee](ex99-3.htm) |  |  |  |  | X |
| 99.4 | [Consent of Jason Adelman to be named as director nominee](ex99-4.htm) |  |  |  |  | X |

---

\* To be filed by amendment.

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Las Vegas, State of Nevada, on September 8, 2025.

---

| | |
|:---|:---|
| **FULLPAC, INC.** | **FULLPAC, INC.** |
| By: | */s/ Travis Trawick* |
|  | Travis Trawick |
|  | Chief Executive Officer<br> (Principal Executive Officer) |

---

This Offering Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| */s/ Travis Trawick* | Chief Executive Officer and Chairman of the Board of Directors | September 8, 2025 |
| Travis Trawick | *(Principal Executive Officer)* |  |
| */s/ Travis Trawick* | Chief Financial Officer | September 8, 2025 |
| Travis Trawick | *(Principal Financial Officer and Principal Accounting Officer)* |  |

---

## Add

**Exhibit 2.1**

**ARTICLES OF INCORPORATION**

**OF**

**FULLPAC, INC.**

**Adopted in accordance with the provisions**

**of Section 78.035 of the Nevada Revised Statues**

The undersigned, a natural person, for the purpose of organizing a corporation for conducting the business and promoting the purposes hereinafter stated, under the provisions and subject to the requirements of the laws of the State of Nevada (particularly Chapter 78 of the Nevada Revised Statues and the acts amendatory thereof and supplemental thereto, and known, identified and referred to as the "***General Corporation Law of the State of Nevada***") hereby certifies that:

**Article I**

**Name**

The name of the corporation is FullPAC, Inc. (the "***Corporation***").

**Article II**

**Address**

1. The
 address of the registered office of the Corporation in the State of Nevada is 716 N. Carson St #B Carson City, NV 89701. The name
 of the registered agent at such registered office is Capitol Corporate Services, Inc.

2. Meetings
 of stockholders may be held within or without the State of Nevada, as the Bylaws of the Corporation may provide. The books of the
 Corporation may be kept (subject to any provision contained in the statutes) outside the State of Nevada at such place or places
 as may be designated from time to time by the Board of Directors or in the Bylaws of the Corporation.

**Article III**

**Purpose**

The nature of the business or purposes to be conducted or promoted is to engage in any lawful act or activity for which a corporation may be organized under the General Corporation Law of the State of Nevada.

**Article IV**

**Capital Stock**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 aggregate number of shares of capital stock that the Corporation will have authority to issue is two hundred and sixty million (260,000,000)
 shares **,** which shall consist of (i) two hundred and fifty million (250,000,000) shares of Common Stock, having a par value
 of $0.0001 per share (the "  ***Common Stock***") and (ii) ten million (10,000,000) shares of Preferred Stock,
 having a par value of $0.0001 per share (the "  ***Preferred Stock*** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. No
 stockholder of the Corporation shall, by reason of being a stockholder, have any preemptive right to acquire additional, unissued
 or treasury shares of the Corporation, or securities convertible into or carrying a right to subscribe to or to acquire any shares
 of any class of the Corporation now or hereafter authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The
 Board of Directors is authorized, subject to any limitations prescribed by law, to provide for the issuance of shares of Preferred
 Stock in series, and by filing a certificate pursuant to the applicable law of the State of Nevada (such certificate being hereinafter
 referred to as a "  ***Preferred Stock Designation*** "), to establish from time to time the number of shares to
 be included in each such series, and to fix the designation, powers, preferences, and rights of the shares of each such series and
 any qualifications, limitations or restrictions thereof. The number of authorized shares of Preferred Stock may be increased or decreased
 (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the voting
 power of all of the then-outstanding shares of capital stock of the Corporation entitled to vote thereon, without a vote of the holders
 of the Preferred Stock, or of any series thereof, unless a vote of any such holders is required pursuant to the terms of any Preferred
 Stock Designation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The
 holders of Common Stock shall be entitled to one vote per share on all matters to be voted on by the stockholders; provided, however,
 that, except as otherwise required by law, holders of Common Stock shall not be entitled to vote on any amendment to these Articles
 of Incorporation (including any Preferred Stock Designation relating to any series of Preferred Stock) that relates solely to the
 terms of one or more outstanding series of Preferred Stock if the holders of such affected series are entitled, either separately
 or together as a class with the holders of one or more other such series, to vote thereon pursuant to these Articles of Incorporation
 (including any Preferred Stock Designation relating to any series of Preferred Stock). No stockholder shall have the right to cumulate
 votes at any election of directors of the Corporation. The number of authorized shares of Common Stock may be increased or decreased
 (but not below the number of shares thereof then outstanding) by (in addition to any vote of the holders of one or more series of
 Preferred Stock that may be required by the terms of these Articles of Incorporation) the affirmative vote of the holders of shares
 of capital stock of the Corporation representing a majority of the votes represented by all outstanding shares of capital stock of
 the Corporation entitled to vote. The directors of the Corporation need not be elected by written ballot unless the Bylaws of the
 Corporation so provide.

**Article V**

**Incorporator**

The name and mailing address of the incorporator of the Corporation are:

Maya Thomas

2801 N. Harwood St,

Suite 2300,

Dallas, TX 75201

**Article VI**

**<br> Corporate Matters**

The affairs of the Corporation shall be managed by a Board of Directors. The number of directors of the Corporation shall be from time to time fixed by, or altered in the manner provided in, the Bylaws of the Corporation. The number of directors constituting the initial board of directors is one (1). The number of directors of the Corporation may be changed from time to time by a majority vote of the Board of Directors. The name of the first Director is as follows:

Travis Trawick

The mailing address of the directors is:

2129 General Booth Blvd,

Suite 103-277,

Virginia Beach, Virginia 23454

**Article Vii**

**<br> Amendments**

In furtherance and not in limitation of the powers conferred upon the Board of Directors by law, the Board of Directors shall have the power to adopt, amend, and repeal, from time to time, the Bylaws of the Corporation.

**Article VIII**

**<br> Duration of Existence**

The Corporation will have a perpetual existence.

**Article IX**

**Right to Amend**

The Corporation reserves the right to amend, alter, change, or repeal any provision contained in this Articles of Incorporation, in the manner now or hereafter prescribed by statute, and all rights conferred upon stockholders herein are granted subject to this reservation.

**Article X**

**LIMITED Liability**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 liability of the directors or officers of the Corporation to the Corporation or its stockholders for monetary damages for acts or
 omissions occurring in their capacity as directors or officers shall be limited to the fullest extent permitted by the laws of the
 State of Nevada and any other applicable law, as such laws now exist and to such greater extent as they may provide in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Any
 repeal or modification of this Articles of Incorporation shall operate prospectively only and shall not adversely affect the rights
 existing at the time of such repeal or modification of any of the aforementioned persons.

**Article XI**

**Indemnification and Insurance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Corporation shall have the power to indemnify and advance expenses to any person who was or is a party or is threatened to be made
 a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative
 (a "  ***Proceeding***") by reason of the fact that he or she is or was a director, officer, employee or agent
 of the Corporation or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation,
 partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans for amounts incurred
 by such person in connection with any such Proceeding to which such person was, is or may be a party by reason of such person's
 position with the Corporation or service on behalf of the Corporation, when and to the fullest extent permitted or required by the
 laws of the State of Nevada and any other applicable law, as such laws now exist and to such greater extent as they may provide in
 the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. By
 action of the Board of Directors, notwithstanding an interest of the directors in the action, the Corporation may purchase and maintain
 insurance, in such amounts as the Board of Directors deems appropriate, on behalf of any person who is or was a director, officer,
 employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee, or
 agent of another corporation, partnership, joint venture, trust, or other enterprise, against any liability asserted against him
 or her and incurred by him or her in any such capacity, or arising out of his or her status as such, whether or not the Corporation
 shall have the power to indemnify him or her against such liability under these provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Any
 repeal or modification of this Articles of Incorporation shall operate prospectively only and shall not adversely affect the rights
 existing at the time of such repeal or modification of any of the aforementioned persons.

**Article XII**

**Acquisition of Controlling Interest and**

**Combinations with Interested Stockholders**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Corporation elects not to be governed by the terms and provisions of Sections 78.378 through 78.3793, inclusive, of the Nevada Revised
 Statutes, as the same may be amended, superseded, or replaced by any successor section, statute, or provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Corporation elects not to be governed by the terms and provisions of Sections 78.411 through 78.444, inclusive, of the Nevada Revised
 Statutes, as the same may be amended, superseded, or replaced by any successor section, statute, or provision.

\*\*\*\*\*\*\*

I declare, to the best of my knowledge under penalty of perjury, that the information contained herein is correct and acknowledge that pursuant to NRS 239.330, it is a category C felony to knowingly offer any false or forged instrument for filing in the Office of the Secretary of State.

---

| | |
|:---|:---|
| By: | */s/ Maya Thomas* |
| Name: | Maya Thomas |
| Title: | Incorporator |

---

## Add

**Exhibit 2.2**

**BYLAWS OF**

**FULLPAC, INC.**

**A NEVADA CORPORATION**

(Effective as of June 25, 2025)

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| | | **PAGE** |
| Article I — CORPORATE OFFICES | Article I — CORPORATE OFFICES | 1 |
| 1.1 | Registered Office | 1 |
| 1.2 | Other Offices | 1 |
| Article II — MEETINGS OF STOCKHOLDERS | Article II — MEETINGS OF STOCKHOLDERS | 1 |
| 2.1 | Places of Meetings | 1 |
| 2.2 | Annual Meeting | 1 |
| 2.3 | Special Meeting | 1 |
| 2.4 | Advance Notice Procedures. | 1 |
| 2.5 | Notice of Stockholders' Meetings | 4 |
| 2.6 | Quorum | 5 |
| 2.7 | Adjourned Meeting; Notice | 5 |
| 2.8 | Conduct of Business | 5 |
| 2.9 | Voting | 5 |
| 2.10 | Stockholder Action by Written Consent Without a Meeting | 6 |
| 2.11 | Record Dates | 6 |
| 2.12 | Proxies | 6 |
| 2.13 | List of Stockholders Entitled to Vote | 7 |
| 2.14 | Inspectors of Election | 7 |
| Article III — DIRECTORS | Article III — DIRECTORS | 8 |
| 3.1 | Powers | 8 |
| 3.2 | Number of Directors | 8 |
| 3.3 | Election, Qualification and Term of Office of Directors | 8 |
| 3.4 | Resignation and Vacancies | 8 |
| 3.5 | Places of Meetings; Meetings by Telephone | 8 |
| 3.6 | Conduct of Business | 8 |
| 3.7 | Regular Meetings | 8 |
| 3.8 | Special Meetings; Notice | 9 |
| 3.9 | Quorum; Voting | 9 |
| 3.10 | Board Action by Written Consent Without a Meeting | 9 |
| 3.11 | Fees and Compensation of Directors | 9 |
| 3.12 | Removal of Directors | 9 |
| Article IV — COMMITTEES | Article IV — COMMITTEES | 10 |
| 4.1 | Committees of Directors | 10 |
| 4.2 | Committee Minutes | 10 |
| 4.3 | Meetings and Action of Committees | 10 |
| 4.4 | Subcommittees | 11 |

---

i

---

| | | |
|:---|:---|:---|
| Article V — OFFICERS | Article V — OFFICERS | 11.0 |
| 5.1 | Officers | 11.0 |
| 5.2 | Chairperson | 11.0 |
| 5.3 | Chief Executive Officer | 11.0 |
| 5.4 | Chief Financial Officer | 11.0 |
| 5.5 | President | 11.0 |
| 5.6 | Vice Presidents | 12.0 |
| 5.7 | Secretary | 12.0 |
| 5.8 | Assistant Secretaries | 12.0 |
| 5.9 | Treasurer | 12.0 |
| 5.10 | Assistant Treasurers | 12.0 |
| 5.11 | Appointment of Officers | 13.0 |
| 5.12 | Subordinate Officers | 13.0 |
| 5.13 | Removal and Resignation of Officers | 13.0 |
| 5.14 | Vacancies in Offices | 13.0 |
| 5.15 | Representation of Shares or Interests of Other Corporations or Entities | 13.0 |
| Article VI — STOCK | Article VI — STOCK | 13.0 |
| 6.1 | Stock Certificates; Partly Paid Shares | 13.0 |
| 6.2 | Lost, Stolen or Destroyed Certificates | 13.0 |
| 6.3 | Dividends | 14.0 |
| 6.4 | Stock Transfer Agreements | 14.0 |
| 6.5 | Registered Stockholders | 14.0 |
| Article VII — MANNER OF GIVING NOTICE AND WAIVER | Article VII — MANNER OF GIVING NOTICE AND WAIVER | 14.0 |
| 7.1 | Notice of Stockholders' Meetings | 14.0 |
| 7.2 | Notice by Electronic Transmission | 14.0 |
| 7.3 | Waiver of Notice | 15.0 |
| Article VIII — INDEMNIFICATION | Article VIII — INDEMNIFICATION | 15.0 |
| 8.1 | Indemnification of Directors and Officers in Third Party Proceedings | 15.0 |
| 8.2 | Indemnification of Directors and Officers in Actions by or in the Right of the Corporation | 16.0 |
| 8.3 | Successful Defense | 16.0 |
| 8.4 | Indemnification of Others; Advance Payment to Others | 16.0 |
| 8.5 | Advance Payment of Expenses | 16.0 |
| 8.6 | Limitation of Indemnification | 16.0 |
| 8.7 | Determination; Claim | 17.0 |
| 8.8 | Non-Exclusivity of Rights | 17.0 |
| 8.9 | Insurance | 17.0 |
| 8.10 | Survival | 18.0 |
| 8.11 | Effect of Repeal or Modification | 18.0 |
| 8.12 | Certain Definitions | 18.0 |
| Article IX — GENERAL MATTERS | Article IX — GENERAL MATTERS | 18.0 |
| 9.1 | Execution of Corporate Contracts and Instruments | 18.0 |
| 9.2 | Fiscal Year | 18.0 |
| 9.3 | Seal | 18.0 |
| 9.4 | Construction; Definitions | 18.0 |
| Article X — AMENDMENTS | Article X — AMENDMENTS | 19.0 |
| Article XI — EXCLUSIVE FORM | Article XI — EXCLUSIVE FORM | 19.0 |
| 11.1 | Internal Actions | 19.0 |
| 11.2 | Securities Act Claims | 19.0 |
| 11.3 | Notice and Consent | 19.0 |

---

ii

**BYLAWS OF FULLPAC, INC.**

**Article I** **— CORPORATE OFFICES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***1.1 Registered Office***. The registered office of FullPAC, Inc. (the "**<u>Corporation</u>**") shall be fixed in the Corporation's Articles of Incorporation. References in these Bylaws (as amended from time to time, these "**<u>Bylaws</u>**") to "**<u>Articles of Incorporation</u>**" shall mean the Articles of Incorporation of the Corporation, as amended from time to time, including the terms of any certificates of designation of any series of Preferred Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***1.2 Other Offices***. The Corporation may at any time establish other offices at any place or places.

**Article II** **— MEETINGS OF STOCKHOLDERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.1 Places of Meetings***. Meetings of stockholders shall be held at any place, within or outside the State of Nevada, designated by the board of directors. The board of directors may, in its sole discretion, determine that a meeting of stockholders shall not be held at any place, but may instead be held solely by means of remote communication as authorized by Section 78.320 of the Nevada Revised Statute (the "**<u>NRS</u>**"). In the absence of any such designation or determination, stockholders' meetings shall be held at the Corporation's principal executive office.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.2 Annual Meeting***. The annual meeting of stockholders shall be held on such date, at such time, and at such place (if any) within or without the State of Nevada as shall be designated from time to time by the board of directors, and stated in the Corporation's notice of the meeting. At the annual meeting, directors shall be elected and any other proper business, brought in accordance with Section 2.4 of these Bylaws, may be transacted. The board of directors may cancel, postpone or reschedule any previously scheduled annual meeting at any time, before or after the notice for such meeting has been sent to the stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.3 Special Meeting.*** A special meeting of the stockholders, unless otherwise required by the Articles of Incorporation, may be called at any time only by the entire board of directors. A special meeting of the stockholders may not be called by any other person or persons. The board of directors may cancel, postpone or reschedule any previously scheduled special meeting at any time, before or after the notice for such meeting has been sent to the stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 ***Advance Notice Procedures.***

 ****

&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) Advance Notice of Stockholder Business****.* At an annual meeting of the stockholders, only such business shall be conducted as shall have been properly brought before the meeting. To be properly brought before an annual meeting, business must be brought: (A) pursuant to the Corporation's proxy materials with respect to such meeting, (B) by or at the direction of the board of directors, or (C) by a stockholder of the Corporation who (1) is a stockholder of record at the time of the giving of the notice required by this Section 2.4(i) and on the record date for the determination of stockholders entitled to vote at the annual meeting and (2) has timely complied in proper written form with the notice procedures set forth in this Section 2.4(i). In addition, for business to be properly brought before an annual meeting by a stockholder, such business must be a proper matter for stockholder action pursuant to these Bylaws and applicable law. Except for proposals properly made in accordance with Rule 14a-8 under the Securities and Exchange Act of 1934, and the rules and regulations thereunder (as so amended and inclusive of such rules and regulations, the "**<u>Exchange Act</u>**"), clause (C) above shall be the exclusive means for a stockholder to bring business before an annual meeting of stockholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) To comply with clause (C) of Section 2.4(i) above, a stockholder's notice must set forth all information required under this Section 2.4(i) and must be timely received by the secretary of the Corporation. To be timely, a stockholder's notice must be received by the secretary at the principal executive offices of the Corporation not less than 90 days nor more than 120 days prior to the anniversary date of the immediately preceding annual meeting of stockholders; *provided*, *however*, that in the event that no annual meeting was held in the previous year or if the date of the annual meeting is advanced by more than 30 days prior to or delayed by more than 60 days after the one-year anniversary of the date of the previous year's annual meeting, then, for notice by the stockholder to be timely, it must be so received by the secretary not earlier than the close of business on the 120th day prior to such annual meeting and not later than the close of business on the later of (i) the 90th day prior to such annual meeting, or (ii) the tenth day following the day on which Public Announcement (as defined below) of the date of such annual meeting is first made. In no event shall any adjournment or postponement of an annual meeting or the announcement thereof commence a new time period for the giving of a stockholder's notice as described in this Section 2.4(i)(a). "**<u>Public Announcement</u>**" shall mean disclosure in a press release reported by the Dow Jones News Service, Associated Press or a comparable national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To be in proper written form, a stockholder's notice to the secretary must set forth as to each matter of business the stockholder intends to bring before the annual meeting: (1) a brief description of the business intended to be brought before the annual meeting, the text of the proposed business (including the text of any resolutions proposed for consideration) and the reasons for conducting such business at the annual meeting, (2) the name and address, as they appear on the Corporation's books, of the stockholder proposing such business and any Stockholder Associated Person (as defined below), (3) the class and number of shares of the Corporation that are held of record or are beneficially owned by the stockholder or any Stockholder Associated Person and any derivative positions held or beneficially held by the stockholder or any Stockholder Associated Person as of the date of delivery of such notice, (4) whether and the extent to which any hedging or other transaction or series of transactions has been entered into by or on behalf of such stockholder or any Stockholder Associated Person with respect to any securities of the Corporation, and a description of any other agreement, arrangement or understanding (including any short position or any borrowing or lending of shares), the effect or intent of which is to mitigate loss to, or to manage the risk or benefit from share price changes for, or to increase or decrease the voting power of, such stockholder or any Stockholder Associated Person with respect to any securities of the Corporation, (5) any material interest of the stockholder or a Stockholder Associated Person in such business, and (6) a statement whether either such stockholder or any Stockholder Associated Person will deliver a proxy statement and form of proxy to holders of at least the percentage of the voting power of the Corporation's voting shares required under applicable law to carry the proposal (such information provided and statements made as required by clauses (1) through (6), a "**<u>Business Solicitation Statement</u>**"). In addition, to be in proper written form, a stockholder's notice to the secretary must be supplemented not later than ten days following the record date for notice of the meeting to disclose the information contained in clauses (3) and (4) above as of the record date for notice of the meeting. For purposes of this Section 2.4, a "**<u>Stockholder Associated Person</u>**" of any stockholder shall mean (i) any person controlling, directly or indirectly, or acting in concert with, such stockholder, (ii) any beneficial owner of shares of stock of the Corporation owned of record or beneficially by such stockholder and on whose behalf the proposal or nomination, as the case may be, is being made, or (iii) any person controlling, controlled by or under common control with such person referred to in the preceding clauses (i) and (ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Business proposed to be brought by a stockholder may not be brought before the annual meeting if such stockholder or a Stockholder Associated Person, as applicable, takes action contrary to the representations made in the Business Solicitation Statement applicable to such business or if the Business Solicitation Statement applicable to such business contains an untrue statement of a material fact or omits to state a material fact necessary to make the statements therein not misleading. The chairperson of the annual meeting shall, if the facts warrant, determine and declare at the annual meeting that business was not properly brought before the annual meeting and in accordance with the provisions of this Section 2.4(i), and, if the chairperson should so determine, he or she shall so declare at the annual meeting that any such business not properly brought before the annual meeting shall not be conducted.

&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) Advance Notice of Director Nominations at Annual Meetings****.* Notwithstanding anything in these Bylaws to the contrary, only persons who are nominated in accordance with the procedures set forth in this Section 2.4(ii) shall be eligible for election or re-election as directors at an annual meeting of stockholders. Nominations of persons for election or re-election to the board of directors of the Corporation shall be made at an annual meeting of stockholders only (A) by or at the direction of the board of directors or (B) by a stockholder of the Corporation who (1) was a stockholder of record at the time of the giving of the notice required by this Section 2.4(ii) and on the record date for the determination of stockholders entitled to vote at the annual meeting and (2) has timely complied with the notice procedures set forth in this Section 2.4(ii). In addition to any other applicable requirements, for a nomination to be made by a stockholder, the stockholder must have given timely notice thereof in proper written form to the secretary of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) To comply with clause (B) of Section 2.4(ii) above, a nomination to be made by a stockholder must set forth all information required under this Section 2.4(ii) and must be received by the secretary of the Corporation at the principal executive offices of the Corporations at the time set forth in, and in accordance with Section 2.4(i)(a) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) To be in proper written form, such stockholder's notice to the secretary must set forth:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) as to each person (a "**<u>nominee</u>**") whom the stockholder proposes to nominate for election or re-election as a director: (A) the name, age, business address and residence address of the nominee, (B) the principal occupation or employment of the nominee, (C) the class and number of shares of the Corporation that are held of record or are beneficially owned by the nominee and any derivative positions with respect to any securities of the Corporation held or beneficially held by the nominee, (D) whether and the extent to which any hedging or other transaction or series of transactions has been entered into by or on behalf of the nominee with respect to any securities of the Corporation, and a description of any other agreement, arrangement or understanding (including any short position or any borrowing or lending of shares), the effect or intent of which is to mitigate loss to, or to manage the risk or benefit of share price changes for, or to increase or decrease the voting power of the nominee, (E) a description of all arrangements or understandings between or among the stockholder and each nominee and any other person or persons (naming such person or persons) pursuant to which the nominations are to be made by the stockholder or concerning the nominee's potential service on the board of directors, (F) a written statement executed by the nominee acknowledging that as a director of the Corporation, the nominee will owe fiduciary duties under Nevada law with respect to the Corporation and its stockholders, and (G) any other information relating to the nominee that would be required to be disclosed about such nominee if proxies were being solicited for the election or re-election of the nominee as a director, or that is otherwise required, in each case pursuant to Regulation 14A under the Exchange Act (including without limitation the nominee's written consent to being named in the proxy statement, if any, as a nominee and to serving as a director if elected or re-elected, as the case may be); 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) as to such stockholder giving notice, (A) the information required to be provided pursuant to clauses (2) through (5) of Section 2.4(i)(b) above, and the supplement referenced in the second sentence of Section 2.4(i)(b) above (except that the references to "**<u>business</u>**" in such clauses shall instead refer to nominations of directors for purposes of this paragraph), and (B) a statement whether either such stockholder or Stockholder Associated Person will deliver a proxy statement and form of proxy to holders of at least the percentage of voting power of the Corporation's voting shares reasonably believed by such stockholder or Stockholder Associated Person to be necessary to elect or re-elect such nominee(s) (such information provided and statements made as required by clauses (1) above and this clause (2), a "**<u>Nominee Solicitation Statement</u>**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A stockholder providing notice of any nomination proposed to be made at an annual meeting of stockholders shall further update and supplement such notice, so that the information provided pursuant to this Section 2.4 shall be true and correct as of the record date for determining the stockholders entitled to notice of such meeting, and such update and supplement shall be delivered to or be mailed and received by the secretary at the principal executive offices of the Corporation not later than five (5) business days after such record date. Unless otherwise permitted by law, no stockholder shall solicit proxies in support of director nominees other than the Corporation's nominees unless such stockholder has complied with Rule 14a-19 under the Exchange Act, in connection with the solicitation of such proxies. If (i) any proponent (or group of which a proponent is a part) provides notice pursuant to Rule 14a-19(b) under the Exchange Act, and (ii) such proponent (or group) subsequently fails to comply with the requirements of Rule l4a-19(a)(2) or (3) under the Exchange Act (as determined, in good faith, by the Board of Directors or an officer designated thereby), then such nomination shall be disregarded (and any such nominee shall be disqualified from standing for election or re-election as a director), notwithstanding that proxies or votes in respect of the election of such proposed nominees may have been delivered to the Corporation (which proxies and votes shall be disregarded). Upon request by the Corporation, if any proponent provides notice pursuant to Rule 14a-19(b) under the Exchange Act, the stockholder giving the notice shall deliver to the secretary, no later than five (5) business days prior to the applicable meeting, reasonable evidence that the requirements of Rule 14a-l9(a)(3) under the Exchange Act, have been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) At the request of the board of directors, any person nominated by a stockholder for election or re-election as a director must furnish to the secretary of the Corporation such other information as may reasonably be required by the Corporation to determine the eligibility of such proposed nominee to serve as an independent director of the Corporation or that could be material to a reasonable stockholder's understanding of the independence, or lack thereof, of such nominee; in the absence of the furnishing of such information if requested, such stockholder's nomination shall not be considered in proper form pursuant to this Section 2.4(ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) A nominee shall not be eligible for election or re-election if a stockholder or Stockholder Associated Person, as applicable, takes action contrary to the representations made in the Nominee Solicitation Statement applicable to such nominee or if the Nominee Solicitation Statement applicable to such nominee or if any other notice to the Corporation contains an untrue statement of a material fact or omits to state a material fact necessary to make the statements therein not misleading. The chairperson of the annual meeting shall, if the facts warrant, determine and declare at the annual meeting that a nomination was not made in accordance with the provisions prescribed by these Bylaws, and if the chairperson should so determine, he or she shall so declare at the annual meeting, and the defective nomination shall be disregarded.

&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) ***Advance Notice of Director Nominations for Special Meetings.***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the board of directors has authorized in the specific case that stockholders may fill a vacancy or newly created directorship at a special meeting of stockholders, and a special meeting has been properly called for such purpose, nominations of persons for election or appointment to the board of directors at such special meeting shall be made only (1) by or at the direction of the board of directors or (2) by any stockholder of the Corporation who (A) is a stockholder of record at the time of the giving of the notice required by this Section 2.4(iii) and on the record date for the determination of stockholders entitled to vote at the special meeting and (B) delivers a timely written notice of the nomination to the secretary of the Corporation that includes the information set forth in and complies with Sections 2.4(ii)(b), (ii)(c) and (ii)(d) above. To be timely, such notice must be received by the secretary at the principal executive offices of the Corporation not earlier than the close of business on the 120th day prior to such special meeting and not later than the close of business on the later of (i) the 90th day prior to such special meeting, or (ii) the 10th day following the day on which Public Announcement is first made of the date of the special meeting and of the nominees proposed by the board of directors to be elected or appointed at such meeting. A person shall not be eligible for election or appointment as a director at a special meeting unless the person is nominated (i) by or at the direction of the board of directors or (ii) by a stockholder in accordance with the notice procedures set forth in this Section 2.4(iii). In addition, a nominee shall not be eligible for election or appointment if a stockholder or Stockholder Associated Person, as applicable, takes action contrary to the representations made in the Nominee Solicitation Statement applicable to such nominee or if the Nominee Solicitation Statement applicable to such nominee contains an untrue statement of a material fact or omits to state a material fact necessary to make the statements therein not misleading. Any person nominated in accordance with this Section 2.4(iii) is subject to, and must comply with, the provisions of Section 2.4(ii)(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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The chairperson of such special meeting shall, if the facts warrant, determine and declare at the meeting that a nomination or business was not made in accordance with the procedures prescribed by these Bylaws, and if the chairperson should so determine, he or she shall so declare at the meeting, and the defective nomination or business shall be disregarded.

&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) Other Requirements and Rights.*** In addition to the foregoing provisions of this Section 2.4, a stockholder must also comply with all applicable requirements of state law and of the Exchange Act with respect to the matters set forth in this Section 2.4. Nothing in this Section 2.4 shall be deemed to affect any rights of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a stockholder to request inclusion of proposals in the Corporation's proxy statement pursuant to Rule 14a-8 (or any successor provision) under the Exchange Act; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) the Corporation to omit a proposal from the Corporation's proxy statement pursuant to Rule 14a-8 (or any successor provision) under the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.5 Notice of Stockholders' Meetings***. Written notice stating the place, day and hour of any annual or special meeting of stockholders, the means of electronic communication, if any, by which stockholders or proxies may be deemed to be present in the meeting and vote, and, in the case of a special meeting, the purpose or purposes for which the meeting is called, shall be given not less than 10 days nor more than 60 days before the date of the meeting, either personally by mail, or by a form of electronic transmission permitted for such purpose by applicable law and each national securities exchange upon which the Corporation's voting stock is then listed, by or at the direction of the board of directors, the chief executive officer, or the president, or the officer or persons calling the meeting, to each stockholder of record entitled to vote at such meeting. If mailed, such notice shall be deemed to be given when deposited in the United States mail postage prepaid, directed to the stockholder at such stockholder's address as it appears on the records of the Corporation. If sent by electronic transmission, such notice shall be deemed to be given when sent to the stockholder at such stockholder's electronic address as it appears on the records of the Corporation. Failure to deliver such notice or obtain a waiver thereof shall not cause the meeting to be lost, but it shall be adjourned by the stockholders present for a period not to exceed 60 days until any deficiency to notice or waiver shall be supplied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.6 Quorum***. The holders of 33.34% of the voting power of the stock issued, outstanding and entitled to vote thereat, present in person or represented by proxy, shall constitute a quorum for the transaction of business at all meetings of the stockholders, unless otherwise required by law, the Articles of Incorporation, these Bylaws or the rules and regulations of any applicable stock exchange. Where a separate vote by a class or series or classes or series is required, a majority of the voting power of the then-issued and outstanding shares of such class or series or classes or series, present in person or represented by proxy, shall constitute a quorum entitled to take action with respect to that vote on that matter, except as otherwise required by law, the Articles of Incorporation, these Bylaws or the rules and regulations of any applicable stock exchange. If, however, such quorum is not present or represented at any meeting of the stockholders, then either (i) the chairperson of the meeting, if there be one, or (ii) the stockholders entitled to vote at the meeting, present in person or represented by proxy, shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present or represented. The chairperson of the meeting shall have the authority to adjourn a meeting of the stockholders in all other events. At such adjourned meeting at which a quorum is present or represented, any business may be transacted that might have been transacted at the meeting as originally noticed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.7 Adjourned Meeting; Notice***. When a meeting is adjourned to another time or place, unless these Bylaws otherwise require, notice need not be given of the adjourned meeting if the time, place, if any, thereof, and the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such adjourned meeting are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than 30 days, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. If after the adjournment a new record date for stockholders entitled to vote is fixed for the adjourned meeting, the board of directors shall fix a new record date for notice of such adjourned meeting in accordance with NRS 78.370 and Section 2.11 of these Bylaws, and shall give notice of the adjourned meeting to each stockholder of record entitled to vote at such adjourned meeting as of the record date fixed for notice of such adjourned meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.8 Conduct of Business***. The chairperson of any meeting of stockholders shall determine the order of business and the procedure at the meeting, including such regulation of the manner of voting and the conduct of business. The chairperson of any meeting of stockholders shall be designated by the board of directors; in the absence of such designation, the chairperson of the board of directors, if any, the chief executive officer (in the absence of the chairperson of the board of directors), if any, or the president (in the absence of the chairperson of the board of directors and the chief executive officer), or in their absence any other executive officer of the Corporation, shall serve as chairperson of the stockholder meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.9 Voting***. The stockholders entitled to vote at any meeting of stockholders shall be determined in accordance with the provisions of Section 2.11 of these Bylaws, subject to NRS 78.350 (Voting Rights of stockholders; determination of stockholders entitled to notice of and to vote at meeting), NRS 78.352 (Voting Rights: Persons holding stock in fiduciary capacity; persons whose stock is pledged; joint owners of stock) and NRS 78.365 (Voting Trusts). Except as may be otherwise provided in the Articles of Incorporation, each stockholder shall be entitled to one vote for each share of capital stock held by such stockholder. Except as otherwise provided by law, the Articles of Incorporation, these Bylaws or the rules and regulations of any applicable stock exchange, in all matters other than the election of directors, the affirmative vote of a majority of the voting power of the shares present in person or represented by proxy at the meeting and entitled to vote on the subject matter shall be the act of the stockholders. Except as otherwise required by law, the Articles of Incorporation, these Bylaws or the rules and regulations of any applicable stock exchange, directors shall be elected by a plurality of the voting power of the shares present in person or represented by proxy at the meeting and entitled to vote on the election of directors. Where a separate vote by a class or series or classes or series is required, in all matters other than the election of directors, the affirmative vote of the majority of the voting power of shares of such class or series or classes or series present in person or represented by proxy at the meeting and entitled to vote on the subject matter shall be the act of such class or series or classes or series, except as otherwise provided by law, the Articles of Incorporation, these Bylaws, or the rules and regulations of any applicable stock exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.10 Stockholder Action by Written Consent Without a Meeting***. Unless otherwise provided in the Articles of Incorporation, any action required by statute to be taken at any annual or special meeting of the stockholders, or any action which may be taken at an annual or special meeting of stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of record on the record date (established in the manner set forth in Section 2.11 of these Bylaws) of outstanding shares of the Corporation having at least the number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted; *provided*, *however*, that in the case of the election or removal of directors by written consent, such consent shall be effective only if signed by the holders of all outstanding shares entitled to vote for the election of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.11 Record Dates***. In order that the Corporation may determine the stockholders entitled to notice of any meeting of stockholders or any adjournment thereof, the board of directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the board of directors and which record date shall not be more than 60 nor less than 10 days before the date of such meeting. If the board of directors so fixes a date, such date shall also be the record date for determining the stockholders entitled to vote at such meeting unless the board of directors determines, at the time it fixes such record date, that a later date on or before the date of the meeting shall be the date for making such determination. If no record date is fixed by the board of directors, the record date for determining stockholders entitled to notice of and to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given, or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; *provided, however,* that the board of directors may fix a new record date for determination of stockholders entitled to vote at the adjourned meeting, and in such case shall also fix as the record date for stockholders entitled to notice of such adjourned meeting the same or an earlier date as that fixed for determination of stockholders entitled to vote in accordance with the provisions of NRS 78.370 and this Section 2.11 at the adjourned meeting. In order that the Corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment of any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for the purpose of any other lawful action, the board of directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than 60 days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the board of directors adopts the resolution relating thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.12 Proxies***. Each stockholder entitled to vote at a meeting of stockholders may authorize another person or persons to act for such stockholder by proxy authorized by an instrument in writing or by a transmission permitted by law filed in accordance with the procedure established for the meeting, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer period. A proxy shall be deemed irrevocable if the written authorization states that the proxy is irrevocable, but is irrevocable only for as long as it is coupled with an interest sufficient in law to support an irrevocable power pursuant to NRS 78.355. A written proxy may be in the form of electronic transmission which sets forth or is submitted with information from which it can be determined that the electronic transmission was authorized by the stockholder. No such proxy shall be valid after the expiration of six (6) months from the date of its execution, unless coupled with an interest, or unless the person executing it specifies therein the length of time for which it is to continue in force, which in no case shall exceed seven (7) years from the date of its execution. Subject to the above, any proxy duly executed is not revoked and continues in full force and effect until an instrument revoking it or a duly executed proxy bearing a later date is filed with the Secretary of the corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.13 List of Stockholders Entitled to Vote***. The officer who has charge of the stock ledger of the Corporation shall prepare and make a complete list of the stockholders entitled to vote at the meeting. The stockholder list shall be arranged in alphabetical order and show the address of each stockholder and the number of shares registered in the name of each stockholder. The Corporation shall not be required to include electronic mail addresses or other electronic contact information on such list. Such list shall be open to the examination of any stockholder for any purpose germane to the meeting for a period of at least ten (10) days prior to the meeting (i) on a reasonably accessible electronic network, provided that the information required to gain access to such list is provided with the notice of the meeting, or (ii) during ordinary business hours, at the Corporation's principal place of business. In the event that the Corporation determines to make the list available on an electronic network, the Corporation may take reasonable steps to ensure that such information is available only to stockholders of the Corporation. If the meeting is to be held at a place (as opposed to solely by means of remote communication), then a list shall be produced and kept at the time and place of the meeting during the whole time thereof, and may be examined by any stockholder who is present. If the meeting is to be held solely by means of remote communication, then a list shall also be open to the examination of any stockholder during the whole time of the meeting on a reasonably accessible electronic network, and the information required to access such list shall be provided with the notice of the meeting. The stock ledger of the Corporation shall be the only evidence as to the identity of the stockholders entitled to examine the stock list and vote at the meeting and the number of shares held by each of them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***2.14 Inspectors of Election***. Before any meeting of stockholders, the board of directors shall appoint an inspector or inspectors of election to act at the meeting or its adjournment. The number of inspectors shall be either one (1) or three (3). If any person appointed as inspector fails to appear or fails or refuses to act, then the chairperson of the meeting shall appoint a person to fill that vacancy.

Each inspector, before entering upon the discharge of his or her duties, shall take and sign an oath to execute faithfully the duties of inspector with strict impartiality and according to the best of his or her ability. The inspector or inspectors so appointed and designated shall (i) ascertain the number of shares of capital stock of the Corporation outstanding and the voting power of each share, (ii) determine the shares of capital stock of the Corporation represented at the meeting and the validity of proxies and ballots, (iii) count all votes and ballots, (iv) determine and retain for a reasonable period a record of the disposition of any challenges made to any determination by the inspectors, and (v) certify their determination of the number of shares of capital stock of the Corporation represented at the meeting and such inspector or inspectors' count of all votes and ballots.

In determining the validity and counting of proxies and ballots cast at any meeting of stockholders of the Corporation, the inspector or inspectors may consider such information as is permitted by applicable law. If there are three (3) inspectors of election, the decision, act or certificate of a majority is effective in all respects as the decision, act or certificate of all.

**Article III** **— DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.1 Powers***. The business and affairs of the Corporation shall be managed by or under the direction of the chairperson of the board of directors, except as may be otherwise provided in the NRS or the Articles of Incorporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.2 Number of Directors***. The board of directors shall consist of one (1) or more members, each of whom shall be a natural person. Unless the Articles of Incorporation fixes the number of directors, the number of directors shall be determined from time to time solely by resolution of the board of directors. No reduction of the authorized number of directors shall have the effect of removing any director before that director's term of office expires.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.3 Election, Qualification and Term of Office of Directors***. Except as provided in Section 3.4 of these Bylaws, each director, including a director elected to fill a vacancy, shall hold office until the expiration of the term for which elected and until such director's successor is elected and qualified or until such director's earlier death, resignation or removal. Directors need not be stockholders unless so required by the Articles of Incorporation or these Bylaws. The Articles of Incorporation or these Bylaws may prescribe other qualifications for directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.4 Resignation and Vacancies***. Any director may resign at any time upon notice given in writing or by electronic transmission to the Corporation. A resignation is effective when the resignation is delivered unless the resignation specifies a later effective date or an effective date determined upon the happening of an event or events.

Unless otherwise provided in the Articles of Incorporation or these Bylaws or if authorized by resolution of the board of directors, vacancies and newly created directorships resulting from any increase in the authorized number of directors shall be filled only by a majority of the directors then in office, although less than a quorum, or by a sole remaining director, and not by the stockholders. If the directors are divided into classes, a person so elected by the directors then in office to fill a vacancy or newly created directorship shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor shall have been duly elected and qualified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.5 Places of Meetings; Meetings by Telephone***. The board of directors may hold meetings, both regular and special, either within or outside the State of Nevada. Unless otherwise restricted by the Articles of Incorporation or these Bylaws, members of the board of directors may participate in a meeting of the board of directors by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting shall constitute presence in person at the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.6 Conduct of Business***. The chairperson of the board of directors shall determine the order of business and the procedure at board of director meetings, including such regulation of the manner of voting and the conduct of business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.7 Regular Meetings***. Regular meetings of the board of directors may be held without notice at such time and at such place as shall from time to time be determined by the chairperson.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.8 Special Meetings; Notice***. A special meeting of the board of directors may only be called by the chairperson. Special meetings of the board of directors for any purpose or purposes may be called at any time by the chairperson, at such times and places as he or she shall designate.

Notice of the time and place of special meetings shall be:

&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) ***delivered personally by hand, by courier or by telephone;***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) ***sent by United States first-class mail, postage prepaid;***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) ***sent by facsimile; or***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) ***sent by electronic mail,***

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directed to each director at that director's address, telephone number, facsimile number or electronic mail address, as the case may be, as shown on the Corporation's records.

If the notice is (i) delivered personally by hand, by courier or by telephone, (ii) sent by facsimile or (iii) sent by electronic mail, it shall be delivered or sent at least 24 hours before the time of the holding of the meeting. If the notice is sent by United States mail, it shall be deposited in the United States mail at least four days before the time of the holding of the meeting. Any oral notice may be communicated to the director. The notice need not specify the place of the meeting (if the meeting is to be held at the Corporation's principal executive office) nor the purpose of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.9 Quorum; Voting***. Except as may be otherwise specifically provided by law, the Articles of Incorporation or these Bylaws, at all meetings of the board of directors, a majority of the total authorized number of directors shall constitute a quorum for the transaction of business. If a quorum is not present at any meeting of the board of directors, then the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum is present. The affirmative vote of a majority of the directors present at any meeting at which a quorum is present shall be the act of the board of directors, except as may be otherwise specifically provided by statute, the Articles of Incorporation or these Bylaws. If the Articles of Incorporation provides that one or more directors shall have more or less than one vote per director on any matter, every reference in these Bylaws to a majority or other proportion of the directors shall refer to a majority or other proportion of the votes of the directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.10 Board Action by Written Consent Without a Meeting***. Unless otherwise restricted by the Articles of Incorporation, these Bylaws or statute, any action required or permitted to be taken at any meeting of the board of directors, or of any committee thereof, may be taken without a meeting if all members of the board of directors or committee, as the case may be, consent thereto in writing or by electronic transmission and the writing or writings or electronic transmission or transmissions are filed with the minutes of proceedings of the board of directors or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form. Any person (whether or not then a director) may provide, whether through instruction to an agent or otherwise, that a consent to action will be effective at a future time (including a time determined upon the happening of an event), no later than 60 days after such instruction is given or such provision is made and such consent shall be deemed to have been given for purposes of this Section 3.9 at such effective time so long as such person is then a director and did not revoke the consent prior to such time. Any such consent shall be revocable prior to its becoming effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.11 Fees and Compensation of Directors***. Unless otherwise restricted by the Articles of Incorporation, these Bylaws or statute, the board of directors shall have the authority to fix the compensation of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***3.12 Removal of Directors***. Unless otherwise provided in the Articles of Incorporation, any director may be removed as a director by the vote of stockholders representing not less than two-thirds of the voting power of the issued and outstanding stock of the Corporation entitled to vote thereon.

**Article IV** **— COMMITTEES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***4.1 Committees of Directors***. The board of directors may designate one or more committees, with each committee to consist of one or more of the directors of the Corporation. The board of directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. In the absence or disqualification of a member of a committee, and in the absence of a designation by the board of directors of an alternate member to replace the absent or disqualified member, the member or members thereof present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another member of the board of directors to act at the meeting in the place of any such absent or disqualified member. Any such committee, to the extent provided in the resolution of the board of directors, allowed by law and in these Bylaws, shall have and may exercise all the powers and authority of the board of directors in the management of the business and affairs of the Corporation, and may authorize the seal of the Corporation to be affixed to all papers that may require it; but no such committee shall have the power or authority to (i) approve or adopt, or recommend to the stockholders, any action or matter (other than the election or removal of directors) expressly required by the NRS to be submitted to stockholders for approval, or (ii) adopt, amend or repeal any Bylaw of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***4.2 Committee Minutes***. Each committee shall keep regular minutes of its meetings and report the same to the board of directors when required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***4.3 Meetings and Action of Committees***. Meetings and actions of committees shall be governed by, and held and taken in accordance with, the provisions of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) ***Section 3.5 (place of meetings and meetings by telephone);***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) ***Section 3.6 (regular meetings);***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) ***Section 3.7 (special meetings; notice);***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) ***Section 3.8 (quorum; voting);***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) ***Section 3.9 (action without a meeting); and***

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) ***Section 7.3 (waiver of notice)***

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with such changes in the context of these Bylaws as are necessary to substitute the committee and its members for the board of directors and its members. *However*:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the time of regular meetings of committees may be determined by resolution of the committee;

 

&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) special meetings of committees may also be called by resolution of the committee; 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;(iii) notice of special meetings of committees shall also be given to all alternate members, who shall have the right to attend all meetings of the committee. The board of directors or a committee may adopt rules for the government of any committee not inconsistent with the provisions of these Bylaws.

 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***4.4 Subcommittees***. Unless otherwise provided in the Articles of Incorporation, these Bylaws or the resolutions of the board of directors designating the committee, a committee may create one or more subcommittees, each subcommittee to consist of one or more members of the committee, and delegate to a subcommittee any or all of the powers and authority of the committee.

**Article V** **— OFFICERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.1 Officers***. Except as otherwise provided in these Bylaws, all references to officers shall apply to both elected officers and appointed officers. The elected officers of the corporation shall consist of a chairperson, chief executive officer, president, chief financial officer, a secretary and a treasurer and, in addition, one or more senior vice presidents or vice presidents, as determined by the board of directors. One individual person may hold multiple offices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.2 Chairperson***. The chairperson of the board of directors, shall have the powers and duties as shall be prescribed by the board of directors. The chairperson of the board shall preside at all meetings of the stockholders and the board of directors and shall have such other powers and duties as usually pertain to such office or as may be delegated by the board of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.3 Chief Executive Officer***. Unless the board of directors shall otherwise delegate such duties, the chief executive officer shall have general supervision, management, direction and control of the business of the Corporation. The chief executive officer or his or her designee shall have the authority to execute bonds, leases, mortgages, promissory notes and other contracts requiring a seal, under the seal of the Corporation, except where required or permitted by law to be otherwise signed and executed, and except where the signing and execution thereof shall be expressly delegated by the board of directors to some other officer or agent of the Corporation. The chief executive officer shall have the general powers and duties of management usually vested in the office of chief executive officer of a corporation and shall perform such other duties and possess such other authority and powers as the board of directors may from time to time prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.4 Chief Financial Officer***. The chief financial officer shall have general financial supervision, management, direction and control of the business and affairs of the Corporation and shall see that all financial orders and resolutions of the board of directors are carried into effect. The chief financial officer shall be authorized to execute promissory notes, bonds, mortgages, leases and other contracts requiring a seal, under the seal of the Corporation, except where required or permitted by law to be otherwise signed and executed and except where the signing and execution thereof shall be expressly delegated by the board of directors to some other officer or agent of the Corporation. The chief financial officer shall have the general financial powers and duties of management usually vested in the office of chief financial officer of a corporation and shall perform such other duties and possess such other authority and powers as the board of directors, chief executive officer or chairperson of the board may from time to time prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.5 President***. The president shall have the general powers and duties of management usually vested in the office of president (in circumstances where such corporation also maintains the office of chief executive officer) or chief operating officer of a corporation (including the general supervision of the day-to-day operations of the corporation) and shall perform such other duties and possess such other authority and powers as the board of directors, chief executive officer or chairperson of the board may from time to time prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.6 Vice Presidents***. Each vice president shall have such powers and duties as may be assigned to him by the board of directors, the chairperson of the board of directors, the chief executive officer, the chief financial officer and the president. Each vice president, in the order of their seniority, unless otherwise determined by the board of directors, shall, in the absence or disability of the chief executive officer or the president, perform the duties and exercise the powers of the chief executive officer or the president during that officer's absence or inability to act. The vice presidents shall also have the authority to execute promissory notes, bonds, mortgages, leases and other contracts requiring a seal, under the seal of the Corporation, except where required or permitted by law to be otherwise signed and executed, and except where the signing and execution thereof shall be expressly delegated by the board of directors to some other officer or agent of the Corporation. Each vice president shall also perform such other duties and have such other powers as the board of directors, chief executive officer or president of the Corporation shall prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.7 Secretary***. The secretary shall attend all meetings of the board of directors and all meetings of the stockholders and shall record all the proceedings of the meetings of the stockholders and of the board of directors in a book to be kept for that purpose and shall perform like duties for the standing committees, when requested. The secretary shall give, or cause to be given, notice of all meetings of the stockholders and special meetings of the board of directors. The secretary shall keep in safe custody the seal of the Corporation, and, when authorized by the board of directors or directed by the president or any vice president, affix the same to any instrument requiring it and, when so affixed, it shall be attested by his or her signature or by the signature of the treasurer or any assistant secretary. The secretary shall also perform such other duties and have such other powers as the board of directors, chief executive officer or president of the Corporation shall prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.8 Assistant Secretaries***. The assistant secretaries, in the order of their seniority, unless otherwise determined by the board of directors, shall, in the absence or disability of the secretary, perform the duties and exercise the powers of the secretary. The assistant secretaries shall also perform such other duties and have such other powers as the board of directors, chief executive officer or president of the Corporation shall prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.9 Treasurer***. The treasurer shall have custody of the corporate funds and securities and shall deposit all monies and other valuable effects in the name and to the credit of the Corporation in such depositaries as may be designated from time to time by the board of directors. The treasurer shall disburse the funds of the Corporation as may be ordered by the board of directors or chief financial officer, taking proper vouchers for such disbursements, and shall render to the chief financial officer and the board of directors at its regular meetings, or when the board of directors so requires, an account of all his or her transactions as treasurer. If required by the board of directors, the treasurer shall give the Corporation a bond in such sum and with such surety or sureties as shall be satisfactory to the board of directors for the faithful performance of the duties of his or her office and for the restoration to the Corporation, in case of his or her death, resignation, retirement or removal from office, of all books, papers, vouchers, money and other property of whatever kind in his or her possession or under his or her control belonging to the Corporation. The treasurer shall also perform such other duties and have such other powers as the board of directors, chief executive officer, chief financial officer or president of the Corporation shall prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.10 Assistant Treasurers***. Each assistant treasurer, in the order of their seniority, unless otherwise determined by the board of directors, shall, in the absence or disability of the treasurer, perform the duties and exercise the powers of the treasurer. Each assistant treasurer shall also perform such other duties and have such other powers as the board of directors, chief executive officer, chief financial officer or president of the Corporation shall prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.11 Appointment of Officers***. The board of directors shall appoint the officers of the Corporation, except such officers as may be appointed in accordance with the provisions of Section 5.12 of these Bylaws, subject to the rights, if any, of an officer under any contract of employment. A vacancy in any office because of death, resignation, removal, disqualification or any other cause shall be filled in the manner prescribed in this Article V for the regular election to such office.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.12 Subordinate Officers***. The board of directors may appoint, or empower the chief executive officer, if any, or, in the absence of a chief executive officer, the president, to appoint, such other officers and agents as the business of the Corporation may require. Each of such officers and agents shall hold office for such period, have such authority, and perform such duties as are provided in these Bylaws or as the board of directors may from time to time determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.13 Removal and Resignation of Officers***. Subject to the rights, if any, of an officer under any contract of employment, any officer may be removed, either with or without cause, by the board of directors or by any officer upon whom such power of removal may be conferred by the board of directors, except that, unless specifically approved by the board, officers may not remove other officers chosen by the board of directors. Any officer may resign at any time by giving written or electronic notice to the Corporation; *provided, however*, that if such notice is given by electronic transmission, such electronic transmission must either set forth or be submitted with information from which it can be determined that the electronic transmission was authorized by the officer. Any resignation shall take effect at the date of the receipt of that notice or at any later time specified in that notice. Unless otherwise specified in the notice of resignation, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if any, of the Corporation under any contract to which the officer is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.14 Vacancies in Offices***. Any vacancy occurring in any office of the Corporation shall be filled by the board of directors or as provided in Section 5.12.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***5.15 Representation of Shares or Interests of Other Corporations or Entities***. The chairperson of the board of directors, if any, the chief executive officer, the chief financial officer, the president, any vice president, the treasurer, the secretary or any assistant secretary of this Corporation, or any other person authorized by the board of directors is authorized to vote, represent, and exercise on behalf of this Corporation all rights incident to any and all shares or equity interests of any other corporation or corporations or entity or entities standing in the name of this Corporation, including the right to act by written consent. The authority granted herein may be exercised either by such person directly or by any other person authorized to do so by proxy or power of attorney duly executed by such person having the authority.

**Article VI** **— STOCK**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***6.1 Stock Certificates; Partly Paid Shares***. Shares of stock of the corporation may be certificated or uncertificated as provided under the NRS. Every holder of stock represented by certificates shall be entitled to have a certificate signed by, or in the name of the Corporation by the chairperson of the board of directors, if there be one, or vice-chairperson of the board of directors, if there be one, or the president or a vice-president, and by the treasurer or an assistant treasurer, or the secretary or an assistant secretary of the Corporation representing the number of shares registered in certificate form. In case any officer, transfer agent or registrar who has signed a certificate has ceased to be such officer, transfer agent or registrar before such certificate is issued, it may be issued by the Corporation with the same effect as if such person were such officer, transfer agent or registrar at the date of issue. The Corporation shall not have power to issue a certificate in bearer form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***6.2 Lost, Stolen or Destroyed Certificates***. Any stockholder claiming that his certificate for shares is lost, stolen or destroyed may make an affidavit or affirmation of the fact and lodge the same with the Secretary of the corporation, accompanied by a signed application for a new certificate. Thereupon, and upon the giving of a satisfactory bond of indemnity to the corporation not exceeding an amount double the value of the shares as represented by such certificate (the necessity for such bond and the amount required to be determined by the president and treasurer of the corporation), a new certificate may be issued of the same tenor and representing the same number, class and series of shares as were represented by the certificate alleged to be lost, stolen or destroyed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***6.3 Dividends***. The board of directors, subject to any restrictions contained in the Articles of Incorporation or applicable law, may declare and pay dividends upon the shares of the Corporation's capital stock. Dividends may be paid in cash, in property, or in shares of the Corporation's capital stock, subject to the provisions of the Articles of Incorporation. The board of directors may set apart out of any of the funds of the Corporation available for dividends a reserve or reserves for any proper purpose and may abolish any such reserve.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***6.4 Stock Transfer Agreements***. Subject to the limitation imposed by NRS 104.8204, a written restriction on the transfer or registration of transfer of a security of the corporation may be enforced against the holder of the restricted security or any successor or transferee of the holder. A restriction on the transfer or registration of transfer of the securities of the corporation may be imposed either by the Articles of Incorporation, the Bylaws or by an agreement among any number of security holders or between one or more such holders and the corporation. No restriction so imposed is binding with respect to securities issued prior to the adoption of the restriction, unless the holders of the securities are parties to an agreement or voted in favor of the restriction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***6.5 Registered Stockholders***. The Corporation:

&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) shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive dividends and to vote as such owner; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of another person, whether or not it shall have express or other notice thereof, except as otherwise provided by the laws of Nevada.

 

**Article VII** **— MANNER OF GIVING NOTICE AND WAIVER**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.1 Notice of Stockholders' Meetings***. Notice of any meeting of stockholders, if mailed, is given when deposited in the United States mail, postage prepaid, directed to the stockholder at such stockholder's address as it appears on the Corporation's records. An affidavit of the secretary or an assistant secretary of the Corporation or of the transfer agent or other agent of the Corporation that the notice has been given shall, in the absence of fraud, be *prima facie* evidence of the facts stated therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.2 Notice by Electronic Transmission***. Without limiting the manner by which notice otherwise may be given effectively to stockholders pursuant to the NRS, the Articles of Incorporation or these Bylaws, any notice to stockholders given by the Corporation under any provision of the NRS, the Articles of Incorporation or these Bylaws shall be effective if given by a form of electronic transmission consented to by the stockholder to whom the notice is given. Any such consent shall be revocable by the stockholder by written notice to the Corporation. Any such consent shall be deemed revoked if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Corporation is unable to deliver by electronic transmission two consecutive notices given by the Corporation in accordance with such consent; and

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such inability becomes known to the secretary or an assistant secretary of the Corporation or to the transfer agent, or other person responsible for the giving of notice.

 

However, the inadvertent failure to treat such inability as a revocation shall not invalidate any meeting or other action.

Any notice given pursuant to the preceding paragraph shall be deemed given:

&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) if by facsimile telecommunication, when directed to a number at which the stockholder has consented to receive notice;

 

&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) if by electronic mail, when directed to an electronic mail address at which the stockholder has consented to receive notice;

 

&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) if by a posting on an electronic network together with separate notice to the stockholder of such specific posting, upon the later of (A) such posting and (B) the giving of such separate notice; 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;(iv) if by any other form of electronic transmission, when directed to the stockholder.

 

An affidavit of the secretary or an assistant secretary or of the transfer agent or other agent of the Corporation that the notice has been given by a form of electronic transmission shall, in the absence of fraud, be *prima facie* evidence of the facts stated therein.

An "**<u>electronic transmission</u>**" means any form of communication, not directly involving the physical transmission of paper, that creates a record that may be retained, retrieved, and reviewed by a recipient thereof, and that may be directly reproduced in paper form by such a recipient through an automated process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***7.3 Waiver of Notice***. Whenever notice is required to be given to stockholders, directors or other persons under any provision of the NRS, the Articles of Incorporation or these Bylaws, a written waiver, signed by the person entitled to notice, or a waiver by electronic transmission by the person entitled to notice, whether before or after the time of the event for which notice is to be given, shall be deemed equivalent to notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express purpose of objecting at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the stockholders or the board of directors, as the case may be, need be specified in any written waiver of notice or any waiver by electronic transmission unless so required by the Articles of Incorporation or these Bylaws.

**Article VIII** **— INDEMNIFICATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.1 Indemnification of Directors and Officers in Third Party Proceedings***. Subject to the other provisions of this Article VIII, the Corporation shall indemnify, to the fullest extent permitted by the NRS, as now or hereinafter in effect, any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (a "**<u>Proceeding</u>**") (other than an action by or in the right of the Corporation) by reason of the fact that such person is or was a director of the Corporation or an officer of the Corporation, or while a director of the Corporation or officer of the Corporation is or was serving at the request of the Corporation as a director, officer, employee or agent of another Corporation, partnership, joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such Proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal Proceeding, had no reasonable cause to believe such person's conduct was unlawful. The termination of any Proceeding by judgment, order, settlement, conviction, or upon a plea of *nolo contendere* or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which such person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal Proceeding, had reasonable cause to believe that such person's conduct was unlawful.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.3 Successful Defense***. To the extent that a present or former director or officer of the Corporation has been successful on the merits or otherwise in defense of any Proceeding described in Section 8.1 or Section 8.2, or in defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.4 Indemnification of Others; Advance Payment to Others***. Subject to the other provisions of this Article VIII, the Corporation shall have power to advance expenses to and indemnify its employees and its agents to the extent not prohibited by the NRS or other applicable law. The board of directors shall have the power to delegate the determination of whether employees or agents shall be indemnified or receive an advancement of expenses to such person or persons as the board of directors determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.5 Advance Payment of Expenses***. Expenses (including attorneys' fees) incurred by an officer or director of the Corporation in defending any Proceeding shall be paid by the Corporation in advance of the final disposition of such Proceeding upon receipt of a written request therefor (together with documentation reasonably evidencing such expenses) and an undertaking by or on behalf of the person to repay such amounts if it shall ultimately be determined that the person is not entitled to be indemnified under this Article VIII or the NRS. Such expenses (including attorneys' fees) incurred by former directors and officers or other employees and agents may be so paid upon such terms and conditions, if any, as the Corporation deems reasonably appropriate and shall be subject to the Corporation's expense guidelines. The right to advancement of expenses shall not apply to any claim for which indemnity is excluded pursuant to these Bylaws, but shall apply to any Proceeding referenced in Section 8.6(ii) or 8.6(iii) prior to a determination that the person is not entitled to be indemnified by the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.6 Limitation of Indemnification***. Subject to the requirements in Section 8.3 and the NRS, the Corporation shall not be obligated to indemnify any person pursuant to this Article VIII in connection with any Proceeding (or any part of any Proceeding):

&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) for which payment has actually been made to or on behalf of such person under any statute, insurance policy, indemnity provision, vote or otherwise, except with respect to any excess beyond the amount paid;

 

 

&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) for an accounting or disgorgement of profits pursuant to Section 16(b) of the Exchange Act, or similar provisions of federal, state or local statutory law or common law, if such person is held liable therefor (including pursuant to any settlement arrangements);

 

&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) for any reimbursement of the Corporation by such person of any bonus or other incentive-based or equity-based compensation or of any profits realized by such person from the sale of securities of the Corporation, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of the Corporation pursuant to Section 304 of the Sarbanes–Oxley Act of 2002 (the "**<u>Sarbanes–Oxley Act</u>**"), or the payment to the Corporation of profits arising from the purchase and sale by such person of securities in violation of Section 306 of the Sarbanes-Oxley Act), if such person is held liable therefor (including pursuant to any settlement arrangements);

 ****

&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) initiated by such person against the Corporation or its directors, officers, employees, agents or other indemnitees, unless (a) the board of directors authorized the Proceeding (or the relevant part of the Proceeding) prior to its initiation, (b) the Corporation provides the indemnification, in its sole discretion, pursuant to the powers vested in the Corporation under applicable law, (c) otherwise required to be made under Section 8.7 or (d) otherwise required by applicable law; or

 

&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) if prohibited by applicable law; provided, however, that if any provision or provisions of this Article VIII shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (1) the validity, legality and enforceability of the remaining provisions of this Article VIII (including, without limitation, each portion of any paragraph or clause containing any such provision held to be invalid, illegal or unenforceable, that is not itself held to be invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (2) to the fullest extent possible, the provisions of this Article VIII (including, without limitation, each such portion of any paragraph or clause containing any such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.7 Determination; Claim***. If a claim for indemnification or advancement of expenses under this Article VIII is not paid in full within 90 days after receipt by the Corporation of the written request therefor, the claimant shall be entitled to an adjudication by a court of competent jurisdiction of his or her entitlement to such indemnification or advancement of expenses. The Corporation shall indemnify such person against any and all expenses that are incurred by such person in connection with any action for indemnification or advancement of expenses from the Corporation under this Article VIII, to the extent such person is successful in such action, and to the extent not prohibited by law. In any such suit, the Corporation shall, to the fullest extent not prohibited by law, have the burden of proving that the claimant is not entitled to the requested indemnification or advancement of expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.8 Non-Exclusivity of Rights***. The indemnification and advancement of expenses provided by, or granted pursuant to, this Article VIII shall not be deemed exclusive of any other rights to which those seeking indemnification or advancement of expenses may be entitled under the Articles of Incorporation or any statute, Bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in such person's official capacity and as to action in another capacity while holding such office. The Corporation is specifically authorized to enter into individual contracts with any or all of its directors, officers, employees or agents respecting indemnification and advancement of expenses, to the fullest extent not prohibited by the NRS or other applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.9 Insurance***. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in any such capacity, or arising out of such person's status as such, whether or not the Corporation would have the power to indemnify such person against such liability under the provisions of the NRS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.10 Survival***. The rights to indemnification and advancement of expenses conferred by this Article VIII shall continue as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.11 Effect of Repeal or Modification***. Any amendment, alteration or repeal of this Article VIII shall not adversely affect any right or protection hereunder of any person in respect of any act or omission occurring prior to such amendment, alteration or repeal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***8.12 Certain Definitions***. For purposes of this Article VIII, references to the "**<u>Corporation</u>**" shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, employees or agents, so that any person who is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this Article VIII with respect to the resulting or surviving corporation as such person would have with respect to such constituent corporation if its separate existence had continued. For purposes of this Article VIII, references to "other enterprises" shall include employee benefit plans; references to "fines" shall include any excise taxes assessed on a person with respect to an employee benefit plan (excluding any "parachute payments" within the meanings of Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended); and references to "serving at the request of the Corporation" shall include any service as a director, officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner "not opposed to the best interests of the Corporation" as referred to in this Article VIII.

**Article IX** **— GENERAL MATTERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***9.1 Execution of Corporate Contracts and Instruments***. Except as otherwise provided by law, the Articles of Incorporation or these Bylaws, the board of directors may authorize any officer or officers, or agent or agents, to enter into any contract or execute any document or instrument in the name of and on behalf of the Corporation; such authority may be general or confined to specific instances. Unless so authorized or ratified by the board of directors or within the agency power of an officer, no officer, agent or employee shall have any power or authority to bind the Corporation by any contract or engagement or to pledge its credit or to render it liable for any purpose or for any amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***9.2 Fiscal Year***. The fiscal year of the Corporation shall be fixed by resolution of the board of directors and may be changed by the board of directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***9.3 Seal***. The Corporation may adopt a corporate seal, which shall be adopted and which may be altered by the board of directors. The Corporation may use the corporate seal by causing it or a facsimile thereof to be impressed or affixed or in any other manner reproduced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***9.4 Construction; Definitions***. Unless the context requires otherwise, the general provisions, rules of construction, and definitions in the NRS shall govern the construction of these Bylaws. Without limiting the generality of this provision, the singular number includes the plural, the plural number includes the singular, and the term "person" includes both an entity and a natural person.

**Article X** **— AMENDMENTS**

Any Article or provision of these Bylaws may be altered, amended or repealed at any time, or new Bylaws may be adopted at any time, by a majority of the directors present at any meeting of the Board of Directors of the corporation at which a quorum is present, in the sole and absolute discretion of the Board of Directors.

**Article XI** **— EXCLUSIVE FORUM**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***11.1 Internal Actions***. Unless the Corporation consents in writing to the selection of an alternative forum, the Eight Judicial District Court of the State of Nevada, Clark County, Nevada (the "**<u>Court</u>**"), shall, to the extent permitted by law, including the applicable laws or jurisdictional requirements of the United States, be the exclusive forum for any and all actions, suits and proceedings, whether civil, administrative or investigative or that asserts any claim or counterclaim (each, an "**<u>Action</u>**"), that are internal actions or concurrent jurisdiction actions (as such terms have been defined in Section 78.046 of the NRS, or any such successor statute). In the event that the Court does not have jurisdiction over such Action, then any other state district court located in the State of Nevada shall be the exclusive forum for such Action. In the event that no state district court in the state of Nevada has jurisdiction over any such Action, then a federal court located within the State of Nevada shall be the exclusive forum for such Action. For the avoidance of doubt, no Securities Act Action (as defined below) shall be subject to this Section 11.1, but shall instead be subject to Section 11.2 of this Article XI.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***11.2 Securities Act Claims***. Unless the Corporation consents in writing to the selection of an alternative forum, the federal district courts of the United States located in the State of Nevada, shall be the sole and exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act against the Corporation or any director or employee or other employee of the Corporation (a "**<u>Securities Act Action</u>**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***11.3 Notice and Consent***. Any person who, or entity that, purchases or otherwise acquires an interest in the stock of the Corporation will be deemed (i) to have notice of, and agree to comply with, the provisions of this Article XI, and (ii) to consent to the personal jurisdiction of the Court (or if the Court does not have jurisdiction, to any other state district court located in the State of Nevada, or if such state district court does not have jurisdiction, to any federal district court located within the State of Nevada) in any proceeding brought to enjoin an action by that person or entity that is inconsistent with the exclusive jurisdiction provided for in this Article XI.

\* \* \* \* \*

**FULLPAC, INC.**

**CERTIFICATE OF ADOPTION OF BYLAWS**

The undersigned hereby certifies that he is the duly elected, qualified and acting Secretary of FullPAC, Inc., a Nevada corporation (the "**<u>Corporation</u>**"), and that the foregoing Bylaws were adopted as the Bylaws of the Corporation on June 25, 2025.

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| | |
|:---|:---|
| By: | */s/ Ryan Deal* |
| Name: | Ryan Deal |
| Title: | Secretary |

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## Add

**Exhibit 3.1**

**THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATES IN THE UNITED STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.** 

**THIS NOTE HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT. PURSUANT TO TREASURY REGULATION §1.1275-3(b)(1), TRAVIS TRAWICK, A REPRESENTATIVE OF THE COMPANY HEREOF WILL, BEGINNING TEN DAYS AFTER THE ISSUANCE DATE OF THIS NOTE, PROMPTLY MAKE AVAILABLE TO THE HOLDER UPON REQUEST THE INFORMATION DESCRIBED IN TREASURY REGULATION §1.1275-3(b)(1)(i). TRAVIS TRAWICK, MAY BE REACHED AT TELEPHONE NUMBER \*\*.**

 **SENIOR SECURED PROMISSORY NOTE**

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| | |
|:---|:---|
| Note Series: | June 2025A |
| Note Number: | [●] |
| Date of Note: | [●], 2025 |
| Purchase Price of Note: | $[●] |
| Original Issuance Discount: | $[●] |
| Principal Amount of Note: | $[●] |

---

For value received **RoboCent, Inc.**, a Virginia corporation (the "***Company***"), promises to pay to the undersigned holder or such party's assigns (the "***Holder***") the principal amount set forth above with interest on the outstanding principal amount at the rate of fifteen percent (15%) per annum, compounded daily. Interest shall commence with the date hereof and shall continue on the outstanding principal amount until paid in full. Interest shall be computed on the basis of a year of 365 days for the actual number of days elapsed. All unpaid interest and principal (collectively, the "***Outstanding Note Balance***") shall be due and payable upon request of the Holder on or after December 31, 2026 (the "***Maturity Date***"). This Senior Secured Promissory Note (the "***Note***") is to the Holder and issued to the Holder on the date set forth above (the "***Issue Date***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. Basic Terms.**

&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) Series of Notes**. This Note is issued as part of a series of notes designated by the Note Series above (collectively, the "***Notes***") and issued in a series of multiple closings to certain persons and entities (collectively, the "***Holders***"). The Company shall maintain a ledger of all Holders and its assigns, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Original Issue Discount**. The Company acknowledges that this Note was funded with a non-refundable discount (the "***Original Issue Discount***"). Such Original Issue Discount is a payment for the use or forbearance of money loaned pursuant to this Note and is not a payment for services. The Original Issue Discount is fully earned on the issuance date of this Note and is not refundable in whole or in part.

&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) Payments**. All payments of interest and principal shall be in lawful money of the United States of America and shall be made pro rata among all Holders. All payments shall be applied first to accrued interest, and thereafter to principal.

&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) Prepayment**. The Company may not prepay this Note without the consent of the Holders of a majority of the outstanding principal amount of the Notes (the "***Majority Holders***").

&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) <u>Secured Obligation</u>**. The obligations of the Company under this Note are secured by the first priority security interest on all assets of the Company, including, but not limited to (i) the Company's software and technology platforms and (ii) the Company's intellectual property, including, but not limited to, the Company's trademarks, copyrights and patents as related to its brand and client lists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. Redemption and Repayment**.

&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) Redemption upon a Qualified Financing**. In the event that the Company issues and sells its securities to investors (the "***Investors***") on or before the Maturity Date in an equity financing with total gross proceeds to the Company of not less than $2,500,000, including but not limited to, in an offering consummated pursuant to Regulation A (a "***Qualified Financing***"), concurrently with the receipt of the net proceeds of such Qualified Financing, the Company shall apply fifty percent (50%) of such net proceeds towards the redemption (a "***Qualified Financing Redemption***") of the aggregate Outstanding Note Balance of the Notes outstanding on the date of such Qualified Financing Redemption, on a pro-rata basis among Holders, in proportion the principal amount of the Notes held by such Holders. The cash redemption amount payable to each Holder in connection with such Qualified Financing Redemption shall be equal to the product of (I) post-money valuation of the Company following such Qualified Financing and (II) the quotient of (x) the Outstanding Note Balance of the Note held by such Holder on the date of such Qualified Financing Redemption and (y) the lower of (i) the product of 0.8 and the post-money valuation of the Company following such Qualified Equity Financing and (ii) $7 million (such amount redeemed, the "***Qualified Financing Redemption Amount***"); provided, however, that the Qualified Financing Redemption Amount paid to any Holder shall not be greater than five hundred percent (500%) of the Outstanding Note Balance of the Note held by such Holder on the date of such Qualified Financing Redemption. For the avoidance of doubt, this Note does not grant the Holder any equity, conversion rights, or ownership in the Company.

&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) Change of Control**. If the Company consummates a Change of Control (as defined below) while this Note remains outstanding, the Company shall repay the Holder in cash in an amount equal to the outstanding principal amount of this Note plus any unpaid accrued interest on the original principal. For purposes of this Note, a "***Change of Control***" means (i) a consolidation or merger of the Company with or into any other corporation or other entity or person, or any other corporate reorganization, other than any such consolidation, merger or reorganization in which the shares of capital stock of the Company immediately prior to such consolidation, merger or reorganization continue to represent a majority of the voting power of the surviving entity immediately after such consolidation, merger or reorganization; (ii) any transaction or series of related transactions to which the Company is a party in which in excess of fifty percent (50%) of the Company's voting power is transferred; or (iii) the sale or transfer of all or substantially all of the Company's assets, or the exclusive license of all or substantially all of the Company's material intellectual property; provided that a Change of Control shall not include any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by the Company or any successor, indebtedness of the Company is cancelled or converted or a combination thereof. The Company shall give the Holder notice of a Change of Control not less than 10 days prior to the anticipated date of consummation of the Change of Control. Any repayment pursuant to this paragraph in connection with a Change of Control shall be subject to any required tax withholdings, and may be made by the Company (or any party to such Change of Control or its agent) following the Change of Control in connection with payment procedures established in connection with such Change of Control.

2. &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) Interest Accrual**. If a Change of Control or Qualified Financing is consummated, all interest on this Note shall be deemed to have stopped accruing as of the date that is the 10 days prior to the signing of the definitive agreement for the Change of Control or Qualified Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. Representations and Warranties**.

&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) Representations and Warranties of the Company**. The Company hereby represents and warrants to the Holder as of the date the Note was issued 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i) Organization, Good Standing and Qualification**. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Virginia. The Company has the requisite corporate power to own and operate its properties and assets and to carry on its business as now conducted and as proposed to be conducted. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business (a "***Material Adverse Effect***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Corporate Power**. The Company has all requisite corporate power to issue this Note and to carry out and perform its obligations under this Note. The Company's Board of Directors (the "***Board***") has approved the issuance of this Note based upon a reasonable belief that the issuance of this Note is appropriate for the Company after reasonable inquiry concerning the Company's financing objectives and financial situation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Authorization**. All corporate action on the part of the Company, the Board and the Company's stockholders necessary for the issuance and delivery of this Note has been taken. This Note constitutes a valid and binding obligation of the Company enforceable in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency, the relief of debtors and, with respect to rights to indemnity, subject to federal and state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Governmental Consents**. All consents, approvals, orders or authorizations of, or registrations, qualifications, designations, declarations or filings with, any governmental authority required on the part of the Company in connection with issuance of this Note has been obtained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Compliance with Laws**. To its knowledge, the Company is not in violation of any applicable statute, rule, regulation, order or restriction of any domestic or foreign government or any instrumentality or agency thereof in respect of the conduct of its business or the ownership of its properties, which violation of which would have a Material Adverse Effect.

3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vi) Compliance with Other Instruments**. The Company is not in violation or default of any term of its certificate of incorporation or bylaws, or of any provision of any mortgage, indenture or contract to which it is a party and by which it is bound or of any judgment, decree, order or writ, other than such violation(s) that would not have a Material Adverse Effect. The execution, delivery and performance of this Note will not result in any such violation or be in conflict with, or constitute, with or without the passage of time and giving of notice, either a default under any such provision, instrument, judgment, decree, order or writ or an event that results in the creation of any lien, charge or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to the Company, its business or operations or any of its assets or properties. Without limiting the foregoing, the Company has obtained all waivers reasonably necessary with respect to any preemptive rights, rights of first refusal or similar rights, including any notice or offering periods provided for as part of any such rights, in order for the Company to consummate the transactions contemplated hereunder without any third party obtaining any rights to cause the Company to offer or issue any securities of the Company as a result of the consummation of the transactions contemplated 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vii) No "Bad Actor" Disqualification**. The Company has exercised reasonable care to determine whether any Company Covered Person (as defined below) is subject to any of the "bad actor" disqualifications described in Rule 506(d)(1)(i) through (viii), as modified by Rules 506(d)(2) and (d)(3), under the Act ("***Disqualification Events***"). To the Company's knowledge, no Company Covered Person is subject to a Disqualification Event. The Company has complied, to the extent required, with any disclosure obligations under Rule 506(e) under the Act. For purposes of this Note, "***Company Covered Persons***" are those persons specified in Rule 506(d)(1) under the Act; provided, however, that Company Covered Persons do not include (A) any Holder, or (B) any person or entity that is deemed to be an affiliated issuer of the Company solely as a result of the relationship between the Company and any Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(viii) Offering**. Assuming the accuracy of the representations and warranties of the Holder contained in subsection (b) below, the offer, issue and sale of this Note exempt from the registration and prospectus delivery requirements of the Act, and have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ix) Use of Proceeds**. The Company shall use the proceeds of this Note solely for the operations of its business, including, but not limited to consummating an offering pursuant to Regulation A and filing a Form 1-A with the Securities and Exchange Commission, and not for any personal, family or household purpose.

&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) Representations and Warranties of the Holder**. The Holder hereby represents and warrants to the Company as of the date hereof 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i) Purchase for Own Account**. The Holder is acquiring the Note solely for the Holder's own account and beneficial interest for investment and not for sale or with a view to distribution of the Note or any part thereof, has no present intention of selling (in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the same, and does not presently have reason to anticipate a change in such intention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Information and Sophistication**. Without lessening or obviating the representations and warranties of the Company set forth in subsection (a) above, the Holder hereby: (A) acknowledges that the Holder has received all the information the Holder has requested from the Company and the Holder considers necessary or appropriate for deciding whether to acquire the Note, (B) represents that the Holder has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of the Note and to obtain any additional information necessary to verify the accuracy of the information given the Holder and (C) further represents that the Holder has such knowledge and experience in financial and business matters that the Holder is capable of evaluating the merits and risk of this investment.

4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Ability to Bear Economic Risk**. The Holder acknowledges that investment in the Note involves a high degree of risk, and represents that the Holder is able, without materially impairing the Holder's financial condition, to hold the Note for an indefinite period of time and to suffer a complete loss of the Holder's investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Further Limitations on Disposition**. Without in any way limiting the representations set forth above, the Holder further agrees not to make any disposition of all or any portion of the Note unless and until:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(1)** There is then in effect a registration statement under the Act covering such proposed disposition and such disposition is made in accordance with such registration statement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(2)** The Holder shall have notified the Company of the proposed disposition and furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and if reasonably requested by the Company, the Holder shall have furnished the Company with an opinion of counsel, reasonably satisfactory to the Company, that such disposition will not require registration under the Act or any applicable state securities laws; provided that no such opinion shall be required for dispositions in compliance with Rule 144 under the Act, except in unusual circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(3)** Notwithstanding the provisions of paragraphs (1) and (2) above, no such registration statement or opinion of counsel shall be necessary for a transfer by the Holder to a partner (or retired partner) or member (or retired member) of the Holder in accordance with partnership or limited liability company interests, or transfers by gift, will or intestate succession to any spouse or lineal descendants or ancestors, if all transferees agree in writing to be subject to the terms hereof to the same extent as if they were the Holders 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(v) Accredited Investor Status**. The Holder is an "accredited investor" as such term is defined in Rule 501 under the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vi) No "Bad Actor" Disqualification**. The Holder represents and warrants that neither (A) the Holder nor (B) any entity that controls the Holder or is under the control of, or under common control with, the Holder, is subject to any Disqualification Event, except for Disqualification Events covered by Rule 506(d)(2)(ii) or (iii) or (d)(3) under the Act and disclosed in writing in reasonable detail to the Company. The Holder represents that the Holder has exercised reasonable care to determine the accuracy of the representation made by the Holder in this paragraph, and agrees to notify the Company if the Holder becomes aware of any fact that makes the representation given by the Holder hereunder inaccurate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vii) Foreign Investors**. If the Holder is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended (the "***Code***")), the Holder hereby represents that the Holder has satisfied the Holder as to the full observance of the laws of the Holder's jurisdiction in connection with any invitation to subscribe for the Note or any use of this Note, including (A) the legal requirements within the Holder's jurisdiction for the purchase of the Note, (B) any foreign exchange restrictions applicable to such purchase, (C) any governmental or other consents that may need to be obtained, and (D) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Note. The Holder's subscription, payment for and continued beneficial ownership of the Note will not violate any applicable securities or other laws of the Holder's jurisdiction.

5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(viii) Forward-Looking Statements**. With respect to any forecasts, projections of results and other forward-looking statements and information provided to the Holder, the Holder acknowledges that such statements were prepared based upon assumptions deemed reasonable by the Company at the time of preparation. There is no assurance that such statements will prove accurate, and the Company has no obligation to update such statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. Events of Default.**

&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)** If there shall be any Event of Default (as defined below) hereunder, at the option and upon the declaration of the Holder and upon written notice to the Company (which election and notice shall not be required in the case of an Event of Default under subsection (ii) or (iii) below), this Note shall accelerate and all principal and unpaid accrued interest shall become due and payable. The occurrence of any one or more of the following shall constitute an "***Event of Default***":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i)** The Company fails to pay timely any of the principal amount due under this Note on the date the same becomes due and payable or any unpaid accrued interest or other amounts due under this Note on the date the same becomes due and payable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii)** The Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other law for the relief of, or relating to, debtors, now or hereafter in effect, or makes any assignment for the benefit of creditors or takes any corporate action in furtherance of any of the foregoing; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)** An involuntary petition is filed against the Company (unless such petition is dismissed or discharged within 60 days under any bankruptcy statute now or hereafter in effect, or a custodian, receiver, trustee or assignee for the benefit of creditors (or other similar official) is appointed to take possession, custody or control of any property of the Company).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** In the event of any Event of Default hereunder, the Company shall pay all reasonable attorneys' fees and court costs incurred by the Holder in enforcing and collecting this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. Miscellaneous Provisions.**

&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) Waivers.** The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

&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) Further Assurances**. The Holder agrees and covenants that at any time and from time to time the Holder will promptly execute and deliver to the Company such further instruments and documents and take such further action as the Company may reasonably require in order to carry out the full intent and purpose of this Note and to comply with state or federal securities laws or other regulatory approvals.

&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) Transfers of Notes**. This Note may be transferred only upon its surrender to the Company for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, this Note shall be reissued to, and registered in the name of, the transferee, or a new Note for like principal amount and interest shall be issued to, and registered in the name of, the transferee. Interest and principal shall be paid solely to the registered holder of this Note. Such payment shall constitute full discharge of the Company's obligation to pay such interest and principal.

6. &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) Amendment and Waiver**. Any term of this Note may be amended or waived with the written consent of the Company and the Holder. In addition, any term of this Note may be amended or waived with the written consent of the Company and the Majority Holders. Upon the effectuation of such waiver or amendment with the consent of the Majority Holders in conformance with this paragraph, such amendment or waiver shall be effective as to, and binding against the holders of all of the Notes, and the Company shall promptly give written notice thereof to the Holder if the Holder has not previously consented to such amendment or waiver in writing; provided that the failure to give such notice shall not affect the validity of such amendment or waiver. Any waiver by the Company or the Holder of a breach of any provision of this Note shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Note. The failure of the Company or the Holder to insist upon strict adherence to any term of this Note on one or more occasions shall not be considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of this Note on any other occasion.

&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) Governing Law**. All questions concerning the construction, validity, enforcement and interpretation of this Note shall be governed by and construed and enforced in accordance with the internal laws of the State of Delaware, without regard to the principles of conflict of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense of the transactions contemplated by any of the Note (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced in the state and federal courts sitting in the State of Delaware (the ***"Delaware Courts***"). Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the Delaware Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement the Note), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such Delaware Courts, or such Delaware Courts are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Note and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Note or the transactions contemplated hereby. If any party shall commence an action or proceeding to enforce any provisions of this Note, then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorneys fees and other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) Binding Agreement**. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. Nothing in this Note, expressed or implied, is intended to confer upon any third party any rights, remedies, obligations or liabilities under or by reason of this Note, except as expressly provided in this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g) Counterparts; Manner of Delivery**. This Note 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. Counterparts may be delivered via electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, *e.g.*, www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(h) Titles and Subtitles**. The titles and subtitles used in this Note are used for convenience only and are not to be considered in construing or interpreting this Note.

&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) Notices**. All notices and other communications given or made pursuant to this Note shall be in writing (including electronic mail as permitted in this Note) and shall be deemed effectively given upon the earlier of actual receipt, or (i) personal delivery to the party to be notified; (ii) when sent, if sent by electronic mail during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient's next business day; (iii) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid; or (iv) one business day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next business day delivery, with written verification of receipt. All communications shall be sent to the respective parties at their address as set forth on the signature page, or to such e-mail address or address as subsequently modified by written notice given in accordance with this Section 5(i). Each party consents to the delivery of any notice pursuant to this Note by electronic mail at the e-mail address set forth below on the signature page, as updated from time to time by notice to the other party. To the extent that any notice given by means of electronic mail is returned or undeliverable for any reason, the foregoing consent shall be deemed to have been revoked until a new or corrected e-mail address has been provided, and such attempted electronic notice shall be ineffective and deemed to not have been given. Each party agrees to promptly notify the other party of any change in its e-mail address, and that failure to do so shall not affect the foregoing. The terms of this Section 5(i) shall survive any redemption and/or repayment of this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(j) Expenses**. Each of the Company and the Holder shall bear such party's respective expenses and legal fees incurred with respect to the negotiation, execution and delivery of this Note and the transactions contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(k) Delays or Omissions**. It is agreed that no delay or omission to exercise any right, power or remedy accruing to the Holder, upon any breach or default of the Company under this Note shall impair any such right, power or remedy, nor shall it be construed to be a waiver of any such breach or default, or any acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or character by the Holder of any breach or default under this Note, or any waiver by the Holder of any provisions or conditions of this Note, must be in writing and shall be effective only to the extent specifically set forth in writing and that all remedies, either under this Note, or by law or otherwise afforded to the Holder, shall be cumulative and not alternative. This Note shall be void and of no force or effect in the event that the Holder fails to remit the full principal amount to the Company within five calendar days of the date of this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(l) Entire Agreement**. This Note constitutes the full and entire understanding and agreement between the parties with regard to the subjects hereof, and no party shall be liable or bound to any other party in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(m) Lost or Mutilated Note**. If this Note shall be mutilated, lost, stolen or destroyed, the Company shall execute and deliver, in exchange and substitution for and upon cancellation of a mutilated Note, or in lieu of or in substitution for a lost, stolen or destroyed Note, a new Note for the principal amount of this Note so mutilated, lost, stolen or destroyed, but only upon receipt of evidence of such loss, theft or destruction of such Note, and of the ownership hereof, reasonably satisfactory to the Company.

8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(n) Exculpation among Holders**. The Holder acknowledges that the Holder is not relying on any person, firm or corporation, other than the Company and its officers and Board members, in making the Holder's investment or decision to invest in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(o) Senior Indebtedness**. The indebtedness evidenced by this Note is subordinated in right of payment to the prior payment in full of any Senior Indebtedness in existence on the date of this Note or hereafter incurred. "***Senior Indebtedness***" shall mean, unless expressly subordinated to or made on a parity with the amounts due under this Note, all amounts due in connection with (i) indebtedness of the Company to banks or other lending institutions regularly engaged in the business of lending money (excluding venture capital, investment banking or similar institutions and their affiliates, which sometimes engage in lending activities but which are primarily engaged in investments in equity securities), and (ii) any such indebtedness or any debentures, notes or other evidence of indebtedness issued in exchange for such Senior Indebtedness, or any indebtedness arising from the satisfaction of such Senior Indebtedness by a guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(p) Broker's Fees**. Each party hereto represents and warrants that no agent, broker, investment banker, person or firm acting on behalf of or under the authority of such party hereto is or will be entitled to any broker's or finder's fee or any other commission directly or indirectly in connection with the transactions contemplated herein. Each party hereto further agrees to indemnify each other party for any claims, losses or expenses incurred by such other party as a result of the representation in this subsection being untrue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(q) No Broker-Dealer**. The Company acknowledges and agrees that no individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind (collectively, a "***Person***") is acting as a broker, dealer, underwriter or agent of the Company or any of its subsidiaries in connection with the placement of the Notes. The Company and its subsidiaries shall not, and the Company shall direct its agents, affiliates and representatives not to, take the position any Person is acting in any manner as a broker, dealer or agent of the Company or any of its subsidiaries in any respect (whether pursuant to the transactions contemplated hereby or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(r) California Corporate Securities Law**. THE SALE OF THIS NOTE HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH NOTE OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION OR IN THE ABSENCE OF AN EXEMPTION FROM SUCH QUALIFICATION IS UNLAWFUL. PRIOR TO ACCEPTANCE OF SUCH CONSIDERATION BY THE COMPANY, THE RIGHTS OF ALL PARTIES TO THIS NOTE ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED OR AN EXEMPTION FROM SUCH QUALIFICATION BEING AVAILABLE.

***[Signature pages follow]***

 ****

9. The parties have executed this Senior Secured Promissory Note as of the date first noted above.

---

| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
| **RoboCent, Inc.** | **RoboCent, Inc.** |
| By: |  |
| Name: | Travis Trawick |
| Title: | Owner |
| <u>E-mail</u>: | travis@robocent.com |
| <u>Address</u>: | RoboCent, Inc.<br> 2129 General Booth Blvd<br> Suite 103-277<br> Virginia Beach, Virginia 23454 |

---

SIGNATURE PAGE TO

ROBOCENT, INC.

SENIOR SECURED PROMISSORY NOTE

The parties have executed this Senior Secured Promissory Note as of the date first noted above.

---

| | |
|:---|:---|
|  | **HOLDER (if an entity):** |
| Name of Holder: |  |
|  | By: |
|  | Name: |
|  | Title: |
|  | <u>E-mail</u>: |
|  | <u>Address</u>: |

---

---

| | |
|:---|:---|
|  | **HOLDER (if an individual):** |
| Name of Holder: | |
| Signature: | |
|  | <u>E-mail</u>: |
|  | <u>Address</u>: |

---

SIGNATURE PAGE TO

ROBOCENT, INC.

SENIOR SECURED PROMISSORY NOTE

## Add

**Exhibit 4.1**

**FULLPAC, INC.**

**OFFERING OF COMMON STOCK**

**SUBSCRIPTION AGREEMENT**

Reference is made to that certain offering circular contained in the offering statement on Form 1-A, filed and qualified with the Securities and Exchange Commission effective on September [ ], 2025 (the "***Offering Statement***") of FullPAC, Inc., a Nevada corporation (the "***Company***"), with respect to the offering of Shares (as defined below) in the Company (the "***Offering***").

**A.** By signing and submitting this subscription agreement (the "***Subscription Agreement***"), you represent and agree, and intend that the Company rely on your representations and agreements, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1.  **<u>Subscription</u>.** This is a subscription for **____________** shares (the "  ***Shares*** ")
 of the Company's common stock, par value $0.0001 per share (the "  ***Common Stock*** "), for a total investment of **$__________** (the "  ***Subscription Amount*** "), payable in immediately available United States dollars. You understand
 that your subscription is strictly subject to the acceptance or rejection, in whole or in
 part, by the Company, in the Company's sole discretion, and that your subscription
 shall not be binding on the Company unless and until this Subscription Agreement has been
 countersigned by the Company; and, that in determining whether a subscription is acceptable,
 the Company will rely on the responses, representations, and warranties and agreements made
 by you in this Subscription Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>Offering Statement</u>.** You acknowledge receipt of a copy of the Offering Statement, which describes
 the terms and conditions of the Offering, as well as such other information as you deem necessary
 or appropriate. You acknowledge that you have carefully read, reviewed and understand the
 Offering Statement, including the section titled "Risk Factors," related to the
 purchase of the Shares and that in reaching the conclusion that you desire to purchase the
 Shares, you are not relying on information or representations from any source other than
 the Offering Statement. You acknowledge that we have made available to you the opportunity
 to obtain additional information to verify the accuracy of the information contained in the
 Offering Statement or to evaluate the merits and risks of this investment. You acknowledge
 that you had the opportunity to ask questions of the Board of Directors, officers or other
 personnel of the Company, and, to the extent you requested information, have received satisfactory
 answers concerning the terms and conditions of the Offering and the information in the Offering
 Statement.

&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Full Understanding and Acceptance of Risk</u>.** You acknowledge that you have such knowledge
 and experience in financial and business matters that you are capable of evaluating the merits
 and risks of this investment and acknowledge such your full understanding that there can
 be no assurance that the Company will be able to successfully achieve the investment objectives
 stated in the Offering Statement. Further, you accept the risk of a complete loss of your
 total investment in the Company.

**You agree that no statement or inducement was made to you contrary to the statements contained in the Offering Statement. In reaching the conclusion that you desire to acquire the Shares, you have carefully evaluated your financial resources and investment position, and the risk associated with this investment and acknowledge that you are able to bear the economic risks of this investment. You are aware that the purchase of the Shares is speculative and involves a high degree of risk, and that you are able to bear the tax and economic risks of the investment in the Shares and can afford the complete loss of your investment in the Company.**

&nbsp;&nbsp;&nbsp;&nbsp;4.  **<u>No Distribution or Resale</u>.** You represent, warrant and agree that you are acquiring the
 Shares solely for your own account, for investment, and not with a view to the distribution
 or resale. You further represent that you have no agreement or other arrangement, formal
 or informal, with any person or entity to sell, transfer or pledge any part of the Shares,
 or which would guarantee any profit, or insure against any loss, with respect to , and the
 Shares, and you have no plans to enter into any such agreement or arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>No Registration</u>.** You are aware of the fact that the Shares have not been registered,
 nor is registration contemplated, under the Securities Act of 1933, as amended (the "  ***Securities Act*** "), and accordingly, that the Shares must be held indefinitely unless they
 are subsequently registered under the Securities Act or unless, in an opinion of counsel
 satisfactory to the Company, a sale or transfer may be made without registration. You acknowledge
 that the transfer of the Shares may also be restricted in accordance with the terms of the
 Bylaws (the "  ***Bylaws***") and the Certificate of Incorporation (the
 "  ***Certificate of Incorporation***") of the Company. You agree that
 if any certificates evidencing Shares of Common Stock of the Company are issued to you, such
 certificates may bear a legend restricting their transfer and that a notation may be made
 in the records of the Company restricting the transfer of such Shares containing substantially
 the following language:

THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAW, AND ARE SUBJECT TO A SUBSCRIPTION AGREEMENT. THEY MAY NOT BE SOLD, OFFERED FOR SALE, OR TRANSFERRED IN THE ABSENCE OF EITHER AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER THE APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL FOR THE COMPANY THAT SUCH TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER THE APPLICABLE STATE SECURITIES LAWS. TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY ALSO BE RESTRICTED IN ACCORDANCE WITH THE TERMS OF THE BYLAWS AND CERTIFICATE OF INCORPORATION OF THE COMPANY.

&nbsp;&nbsp;&nbsp;&nbsp;6.  **<u>No Oversight or Review</u>.** You understand that no federal or state securities commission
 has approved, disapproved, endorsed or recommended the Offering. No independent person has
 confirmed the accuracy or truthfulness of the Offering Statement, or whether it is complete.
 You understand that any representation to the contrary is illegal.

&nbsp;&nbsp;&nbsp;&nbsp;7.  **<u>Accredited Investor Status or Investment Limits</u>.** You represent that either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. You
 qualify as an "  ***Accredited Investor*** ," as such term is defined in
 Rule 501 of Regulation D promulgated under the Securities Act; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 Subscription Amount does not exceed Ten Percent (10%) of the greater of your annual income
 or net worth (or, if you are a non-natural person, your annual revenue or net assets for
 your most recently completed fiscal year end).

You represent that to the extent you have any questions with respect to your status as an Accredited Investor, or the application of the investment limits, you have sought professional advice. You agree to provide to the Company any additional documentation the Company may reasonably request, including any documentation as may be required by the Company to form a reasonable basis that you are an Accredited Investor.

&nbsp;&nbsp;&nbsp;&nbsp;8.  **<u>Investor Questionnaire</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.  ***Investor Representative*.** You represent and warrant that if you are acting as agent, trustee,
 nominee, custodian, investment manager, administrator or otherwise (for such purpose, you
 are an "  ***Investor Representative***") for or with respect to one or
 more persons (with respect to each such person, the "  ***Beneficial Holder*** "),
 you understand, acknowledge and agree that the representations, warranties and covenants
 made herein are made by you both (i) with respect to the Beneficial Holder, and (ii) with
 respect to you. You represent and warrant that you have all requisite power and authority
 from the Beneficial Holder to execute and perform the obligations under this Subscription
 Agreement. You also agree to indemnify the Company from and against any and all costs, fees,
 expenses and losses (including legal fees and disbursements) incurred by the Company and
 resulting (directly or indirectly) from your misrepresentation or misstatement contained
 herein or the assertion of your lack of proper authorization from the Beneficial Holder to
 enter into this Subscription Agreement or perform the obligations hereof or related hereto.
 If you are acting as Investor Representative for a Beneficial Holder, you acknowledge that
 any reference to "  ***Subscriber***" or "  ***you*** "
 herein shall be deemed, where applicable, to refer to both you and the Beneficial Holder.
 You have delivered the Offering Statement and this Subscription Agreement to such Beneficial
 Holder and you shall promptly deliver to such Beneficial Holder any supplements or amendments
 to such documents that are delivered to you or to which you have been provided access. If
 you are acting as Investor Representative with respect to one or more Beneficial Holder(s),
 you agree to provide any additional documents and information that the Company reasonably
 requests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.  ***Suitability and Sophistication*.** You represent and warrant that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. You
 have such knowledge and experience in financial and business matters such that you are capable
 of evaluating the merits and risks associated with an investment in the Company and are able
 to bear such risks, and have obtained, in your judgment, sufficient information from the
 Company to evaluate the merits and risks of an investment in the Company. You have evaluated
 the risks of an investment in the Company, understand there are substantial risks of loss
 incidental to the purchase of an interest and have determined that an interest is a suitable
 and appropriate investment for you. You have carefully reviewed and understand the various
 risks and conflicts of interest.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u> </u>** | **Yes** | **or** | **<u> </u>** | **No;** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. You
 have previously invested in membership units, stock, investment partnerships, venture capital
 or real estate funds or purchased non-marketable or restricted securities *(i.e.,* those
 which were sold in reliance upon the private offering exemption under the Securities Act):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u> </u>** | **Yes** | **or** | **<u> </u>** | **No;** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. You
 understand that this investment provides limited liquidity since the Shares are not freely
 transferable:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u> </u>** | **Yes** | **or** | **<u> </u>** | **No.** |

---

&nbsp;&nbsp;&nbsp;&nbsp;9.  **<u>Term of Offering / Escrow of Subscription</u>.** The Offering will terminate on the earlier
 of: (i) the date on which the entire Offering is subscribed, or (ii) [_____, 2025] (subject
 to the right of the Company to extend the Offering). **You acknowledge that: (a) there is no minimum number of the Shares that must be sold in the Offering or prior to the acceptance by the Company of your subscription, (b) the offering is being made on a "best efforts" basis with no minimum purchase requirement, at a price to be fixed by post-qualification supplement, and the proceeds from each sale of such Shares will be deposited in an escrow account until the Company completes a closing and chooses to accept your subscription, following which time the Company will release your money from the escrow account to its own account and the Shares will be issued to you, (c) the Company is free to reject any subscription in whole or in part, and (d) if your subscription is rejected or there are no closings or if funds remain in the escrow account upon termination of this offering, the Company will return your money without interest or deduction.** 

&nbsp;&nbsp;&nbsp;&nbsp;10.  **<u>Irrevocable Subscription</u>.** You understand and agree that this subscription is irrevocable and
 that the representations and warranties made in this Subscription Agreement will survive
 the subscription's being accepted.

&nbsp;&nbsp;&nbsp;&nbsp;11.  **<u>Indemnification</u>. You acknowledge that the Company and its Board of Directors are relying on the representation, and agreements you are making in this Subscription Agreement as the basis, in part, for the determination that the offer and sale of the Shares are not subject to the registration requirements of the Securities Act or any applicable state securities laws.** Accordingly, you agree
 to indemnify and hold the Company harmless from any and all liabilities, damages, losses,
 costs and expenses (including reasonable attorneys' fees) which the Company may incur
 by reason of your failure to fulfill any of the terms, conditions and requirements of you
 under this Subscription Agreement, or by reason of your breach of any of your representations
 or warranties contained in it. This Subscription Agreement and the representations contained
 in it shall be binding upon your heirs, executors, administrators, successors and assigns.
 The agreements and representations made in this Subscription Agreement shall become effective
 and binding upon your heirs, legal representatives, successors and assigns upon the Company's
 written acceptance of this Subscription Agreement in the space provided below.

&nbsp;&nbsp;&nbsp;&nbsp;12.  **<u>Non-Natural Persons</u>.** If you are an entity, you (i) are duly organized, validly existing and in
 good standing under the laws of your jurisdiction of organization, (ii) have all requisite
 power and authority to execute and deliver and perform your obligations under this Subscription
 Agreement, and (iii) were not formed for the purpose of investing in the Shares. The execution,
 delivery and performance of this Subscription Agreement have been duly authorized by all
 necessary action on your part of and no other proceeding on your part is necessary to authorize
 the execution and delivery of this Subscription Agreement and the consummation by you of
 the transactions contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;13.  **<u>Forward-Looking Information</u>.** The Subscriber understands that information concerning the Company or
 its business in the Offering Statement may contain forward-looking information. The Subscriber
 represents that the Subscriber has viewed any forward-looking information with a critical
 frame of mind and if appropriate, the Subscriber has discussed the information with the officers
 and other personnel of the Company in order to form a better judgment regarding the information.
 The Subscriber acknowledges and understands that any information provided about the Company's
 future plans and prospects is uncertain and subject to all of the uncertainties inherent
 in future predictions. The Subscriber is not relying on any of the Company's financial
 projections or forward-looking statements in making an investment decision to purchase the
 Shares.

&nbsp;&nbsp;&nbsp;&nbsp;14.  **<u>Value of Shares</u>.** The Subscriber understands that the Company makes no assurances whatsoever
 concerning the present or prospective value of the Shares, the price of which has been arbitrarily
 determined.

&nbsp;&nbsp;&nbsp;&nbsp;15.  **<u>Residency</u>.** The Subscriber is a resident of the state and country set forth on the signature page
 hereto.

&nbsp;&nbsp;&nbsp;&nbsp;16.  **<u>Not Subject to Backup Withholding</u>.** The Subscriber certifies, under penalty of perjury,
 that the Subscriber is not subject to the backup withholding provisions of the Internal Revenue
 Code (the "  ***Code*** "). (Note: The Subscriber is subject to backup withholding
 if: (i) the Subscriber fails to furnish its Social Security Number or Taxpayer Identification
 Number herein; (ii) the Internal Revenue Service notifies the Company that the Subscriber
 furnished an incorrect Social Security Number or Taxpayer Identification Number; (iii) the
 Subscriber is notified that it is subject to backup withholding; or (iv) the Subscriber fails
 to certify that it is not subject to backup withholding or the Subscriber fails to certify
 the Subscriber's Social Security Number or Taxpayer Identification Number.)

&nbsp;&nbsp;&nbsp;&nbsp;17.  **<u>Legal Representation</u>.** The Subscriber understands that: (i) the Company has engaged legal
 counsel to provide assistance to the Company in connection with the offer and sale of the
 Shares; (ii) legal counsel engaged by the Company does not represent the Subscriber or the
 Subscriber's interests; (iii) this legal counsel did not prepare the Company's
 disclosure documents and has conducted only nominal due diligence in connection with the
 offering of the Shares and the Company; and (iv) the Subscriber is not relying on legal counsel
 engaged by the Company. The Subscriber has had the opportunity to engage, and obtain advice
 from, the Subscriber's own legal counsel with respect to the investment contemplated
 herein.

&nbsp;&nbsp;&nbsp;&nbsp;18.  **<u>Stop Transfer Order</u>.** The Subscriber agrees that the Company may place a stop transfer
 order with its registrar and transfer agent (if any) covering the Shares.

&nbsp;&nbsp;&nbsp;&nbsp;19.  **<u>No Public Information</u>** . The Subscriber understands and acknowledges that the Company
 currently does not file periodic reports with the Commission pursuant to the requirements
 of Sections 13 or 15(d) of the Exchange Act, and may not be obligated to file such reports
 at any time in the future.

&nbsp;&nbsp;&nbsp;&nbsp;20.  **<u>Relationship to Brokerage Firms</u>.** (Please answer the following questions by initialing or checking
 the appropriate response, or if answer to each is no, circle "NO" here):

---

| | |
|:---|:---|
| ____ YES ____ NO | Is the Subscriber a director, officer, partner, branch manager, registered representative, employee, stockholder of, or similarly related to or employed by, a brokerage firm? |
| ____ YES ____ NO | Is the Subscriber's spouse, father, mother, father-in-law, mother-in-law, or any of the Subscriber's brothers, sisters, brothers-in-laws, sisters-in-law or children, or any relative which the Subscriber supports, a director, officer, partner, branch manager, registered representative, employee, stockholder of, or similarly related to or engage by, a brokerage firm? |
| ____ YES ____ NO | Does the Subscriber own voting securities of any brokerage firm? |

---

(If the Subscriber answered YES to any of the foregoing questions, please contact the Company to provide additional information before the subscription can be considered.)

&nbsp;&nbsp;&nbsp;&nbsp;21.  **<u>Counterparts</u>.** This Subscription Agreement may be executed by the Company and by the Subscriber in separate
 counterparts, each of which will be deemed an original.

&nbsp;&nbsp;&nbsp;&nbsp;22.  **<u>Acceptance</u>.** This Subscription Agreement is not binding on the Company until accepted in writing by an
 authorized officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;23.  **<u>Anti-Money Laundering Representations</u>.** The Subscriber hereby represents, warrants and certifies
 to the Company and hereby agrees, as follows:

***The Subscriber should check the website of the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") at <u>http://ofac.treasury.gov/</u> (the "OFAC Website") before making the following representations and agreements.***

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The
 Subscriber acknowledges that the Company prohibits investments in the Company by or on behalf
 of the following persons or entities (each, a  ***"Prohibited Investor"***)
 and represents that none of it, any person controlling or controlled by it, or any of its
 beneficial owners, is a Prohibited Investor:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A
 country, territory, individual or entity whose name appears on the List of Specially Designated
 Nationals and Blocked Persons maintained by OFAC, which is available through the OFAC Website;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. An
 individual who resides in or is a citizen of, or an entity that maintains a place of business
 in, or any person whose funds are transferred from or through a country subject to any sanctions
 program administered by OFAC, a list of which is available through the OFAC Website; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. A
 "  ***Foreign Shell Bank***" as defined in the U.S. Uniting and Strengthening
 America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA
 PATRIOT) Act of 2001, as amended, which generally means a non-U.S. bank that does not conduct
 banking operations at a physical location.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 investment was not, is not and will not directly or indirectly be derived from, or related
 to, any activities that contravene or may contravene applicable laws and regulations, including
 applicable anti-money laundering laws and regulations. No consideration that the Subscriber
 has contributed or will contribute to the Company shall cause the Company or any entity that
 maintains a bank account for the Company to be in violation of the United States Bank Secrecy
 Act, the United States Money Laundering Act of 1986 or the United States International Money
 Laundering Abatement and Anti-Terrorism Financing Act of 2001.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 Subscriber shall promptly on demand provide any information and execute and deliver any documents
 as the Company or any of its respective affiliates or agents may request to verify the identity
 and source of funds of the Subscriber in accordance with applicable legal and regulatory
 requirements relating to anti-money laundering including, without limitation, the Subscriber's
 anti-money laundering policies and procedures, background documentation relating to the Subscriber's
 directors, trustees, settlors, beneficial owners and/or control persons, and audited financial
 statements, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. None
 of the Subscriber, any of its affiliates, or any of their beneficial owners is a person or
 entity listed in Executive Order 13224 Blocking Terrorist Property And Prohibiting Transactions
 with Persons Who Commit, Threaten to Commit, or Support Terrorism or the Annex thereto (the
 "  ***Annex*** "), as published at <u>http://treas.gov/offices/enforcement/ofac/programs/</u> on the date hereof, and as updated from time to time by OFAC. Furthermore, neither the Subscriber
 nor any of its affiliates is an agent or intermediary for any entity or person listed in
 the Annex. The Subscriber will also take reasonable steps to ensure that its affiliates and
 any parties for which it is acting as an agent or intermediary are not listed in the Annex.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The
 Subscriber acknowledges that United States federal regulations and executive orders administered
 by OFAC prohibit, among other things, the engagement in transactions with, and the provision
 of services to, certain foreign countries, territories, entities and individuals identified
 on the OFAC Website.<sup>1</sup> In addition, the programs administered by OFAC ("  ***OFAC Programs***") prohibit dealing with individuals or entities in certain countries
 regardless of whether such individuals or entities appear on the OFAC lists. The Subscriber
 represents and warrants that, to the best of its knowledge and belief, none of (i) the Subscriber;
 (ii) any person controlling or controlled by the Subscriber; (iii) if the Subscriber is a
 privately held entity, any person having beneficial ownership of the Subscriber; or (iv)
 any person for whom the Subscriber is acting as agent or nominee in connection with this
 subscription (collectively, the "  ***Investor Parties***") is a country,
 territory, individual or entity named on an OFAC list, and none of the Investor Parties is
 a person or entity prohibited under the OFAC Programs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. None
 of the Investor Parties is (A) a senior foreign political figure<sup>2</sup> or an immediate
 family member<sup>3</sup> or close associate<sup>4</sup> of a senior foreign political
 figure, (B) a politically exposed person<sup>5</sup> (as such term is defined in the rules
 of the Financial Action Task Force on Money Laundering) or (C) a person or entity resident
 in or whose investment or other payments are transferred from or through an account in any
 foreign country or territory that has been designated as noncooperative with international
 anti-money laundering principles or procedures by an intergovernmental group or organization,
 such as the Financial Action Task Force on Money Laundering, of which the United States is
 a member and with which designation the United States representative to the group or organization
 ceases to concur.

<sup>1</sup> These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions and embargo programs.

<sup>2</sup> A "***senior foreign political figure***" is defined as a senior official in the executive, legislative, administrative, military or judicial branches of a non-U.S. government (whether or not elected), a senior official of a major non-U.S. political party, or a senior executive of a non-U.S. government-owned corporation. In addition, a "senior foreign political figure" includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political figure.

<sup>3</sup> "***Immediate family***" of a senior foreign political figure typically includes the figure's parents, siblings, spouse, children and in-laws.

<sup>4</sup> A "***close associate***" of a senior foreign political figure is a person who is widely and publicly known to maintain an unusually close relationship with the senior foreign political figure, and includes a person who is in a position to conduct substantial U.S. and non-U.S. financial transactions on behalf of the senior foreign political figure.

<sup>5</sup> "***Politically Exposed Person***" means individuals who are or have been entrusted with prominent public functions in a foreign country, including heads of state or of government, senior politicians, senior government, judicial or military officials, senior executives of state owned corporations, important political party officials, and family members or close associates of any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. If
 the Subscriber is a non-U.S. banking institution (a "  ***Non-U.S. Bank*** "),
 or if the Subscriber receives deposits from, makes payments on behalf of or handles other
 financial transactions related to a Non-U.S. Bank:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. the
 Non-U.S. Bank has a fixed address, other than solely an electronic address, in a country
 in which the Non-U.S. Bank is authorized to conduct banking activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. the
 Non-U.S. Bank employs one or more individuals on a full-time basis;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. the
 Non-U.S. Bank maintains operating records related to its banking activities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. the
 Non-U.S. Bank is subject to inspection by the banking authority that licensed the Non-U.S.
 Bank to conduct banking activities; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. the
 Non-U.S. Bank does not provide banking services to any other Non-U.S. Bank that does not
 have a physical presence in any country and that is not a regulated affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. The
 Subscriber acknowledges and agrees that, notwithstanding anything to the contrary contained
 in the Bylaws, the Certificate of Incorporation, any side letter or any other agreement,
 to the extent required by any anti-money laundering law or regulation or by OFAC or otherwise,
 the Company may prohibit additional investments, restrict dividends or take any other reasonably
 necessary or advisable action with respect to the Subscriber or its interest, and the Subscriber
 shall have no claim, and shall not pursue any claim, against the Company, its agents or any
 other person in connection therewith. The Company or its agents may disclose the Subscriber's
 identity to OFAC or other governmental or regulatory authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The
 Subscriber understands and agrees that any distribution or other payment made by the Company
 will be paid to the same account from which the Subscriber's investment was originally
 remitted, unless the Company, in its sole discretion, agrees otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. The
 Subscriber understands and agrees that the Company will only accept wire transfers from,
 or pay any distribution proceeds or other amounts to, an account maintained in the name of
 the Subscriber at a banking institution that is located in the United States or another country
 that is a member of the Financial Action Task Force on Anti-Money Laundering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. If
 the Subscriber is a private entity, it has conducted reasonable and appropriate due diligence
 with respect to all persons having beneficial ownership of the Subscriber in order to: (i)
 identify all persons having beneficial ownership of the Subscriber and (ii) verify the identity
 of all persons having beneficial ownership of the Subscriber. The Subscriber agrees that
 it will retain evidence of any such due diligence, persons having beneficial ownership interests
 of the Subscriber and source of funds.

&nbsp;&nbsp;&nbsp;&nbsp;24.  **<u>Miscellaneous</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. This
 Subscription Agreement is not assignable. It is and shall inure to the benefit of the parties,
 their successors and, subject to the above limitation, their assigns, and shall not be enforceable
 by any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. This
 Subscription Agreement shall be governed and construed in accordance with, the laws of the
 State of New York, without giving effect to the conflicts of law principles thereof. Any
 legal suit, action or proceeding arising out of or based upon this Agreement or the transactions
 contemplated hereby may be instituted in the federal or state courts located in the State
 of New York, and each party irrevocably submits to the exclusive jurisdiction of such courts
 in any such suit, action or proceeding. The parties irrevocably and unconditionally waive
 any objection to the laying of venue of any suit, action or any proceeding in such courts
 and irrevocably waive and agree not to plead or claim in any such court that any such suit,
 action or proceeding brought in any such court has been brought in an inconvenient forum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. This
 Subscription Agreement contains all oral and written agreements, representations and arrangements
 between the parties with respect to its subject matter, and no representations or warranties
 are made or implied, except as specifically set out in it. No modification, waiver or amendment
 of any of the provisions of this Subscription Agreement shall be effective unless in writing
 and signed by both parties to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. No
 waiver of any breach of any terms of this Subscription Agreement shall be effective unless
 made in writing signed by the party against whom enforcement of the waiver is sought, and
 no such waiver shall be construed as a waiver of any subsequent breach of that term or of
 any other term of the same or different nature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. If
 any provision or portion of this Subscription Agreement or the application of it to any person
 or party or circumstances is found to be invalid or unenforceable under applicable law, the
 remainder of it will remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. Each
 of the parties to this Subscription Agreement will cooperate and take such actions, and execute
 such other documents, at the execution of it or subsequently, as may be reasonably requested
 by the other in order to carry out its provisions and purposes.

*[Remainder of page intentionally left blank.]*

 

**FULLPAC, INC.**

**SUBSCRIPTION AGREEMENT INVESTOR INFORMATION PAGE**

**Investor Name(s): <u>__________________________________</u>**

**Individual Investors**

---

| | |
|:---|:---|
| **Date of Birth: <u>______________________________________</u>** | **Nationality: <u>________________________________</u>** |
| **Place of Birth: _____________________________________** | **Occupation: <u>________________________________</u>** |
| **Residential Address: <u>____________________________________________________________________________</u>** | **Residential Address: <u>____________________________________________________________________________</u>** |
| **Social Security Number: <u>__________________________________________________________________________</u>** | **Social Security Number: <u>__________________________________________________________________________</u>** |

---

**Entity Investors**

Address of Investor for Fund Records:

Registered Office Address of Investor:

U.S. Tax Identification Number:

Approximate number of beneficial or equity owners:

Type of Legal Entity:

Date of Formation:

Jurisdiction of Formation:

Name and Title of Authorized Person Completing the Questionnaire:

---

| | | | |
|:---|:---|:---|:---|
| **Primary Contact:** | **Primary Contact:** | **Primary Contact:** | Cell phone: |
|  | | | Fax: |
| Address: | | | E-mail: |
| City: | State: | Zip: |  |

---

---

| | | |
|:---|:---|:---|
| **Mailing Address (if different from street address)** | **Mailing Address (if different from street address)** | **Mailing Address (if different from street address)** |
| Address: | | |
| City: | State: | Zip: |

---

---

| | | | |
|:---|:---|:---|:---|
| **Copies of all correspondence should also be sent to the following person:** | **Copies of all correspondence should also be sent to the following person:** | **Copies of all correspondence should also be sent to the following person:** |  |
|  | | | Cell phone: |
| Name: | | | Fax: |
| Address: | | | E-mail: |
| City: | State: | Zip: |  |

---

**Investor Type:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| ☐ | Individual | ☐ | Individual Retirement Plan | ☐ | Estate |
| ☐ | Limited Liability Company | ☐ | Partnership | ☐ | Foundation |
| ☐ | Trust | ☐ | Corporation | ☐ | Endowment |
| ☐ | Community Property | ☐ | Charitable Remainder Trust | ☐ | Other |
| ☐ | Tenants in Common | ☐ | Specify: |  |  |
| ☐ | Joint Tenants (with rights of survivorship) |  |  |  |  |
| ☐ | If "Joint Tenants," are the parties that comprise the joint tenancy married to one another? |  |  |  |  |
|  | ☐ Yes ☐ No |  |  |  |  |

---

**FullPAC, Inc.**

**SUBSCRIPTION AGREEMENT SIGNATURE PAGE**

The Subscriber hereby: (1) tenders the Subscription Amount and subscribes for the number of Shares indicated above and (2) acknowledges that the Company may issue fewer than the number of Shares you subscribed for in its sole discretion.

---

| | |
|:---|:---|
| **INDIVIDUALS** | |
| Signature | Spouse Signature |
| Date: | Date: |
| Print Name: | Print Name: |
| **ENTITIES** | |
| Signature | Signature |
| Print Name of Trustee or Other Fiduciary | Print Name of Co-Trustee or Other Fiduciary |
| Title (if applicable) | Title (if applicable) |
| Date | Date |
| Signature of Grantor | |
| Print Name of Grantor | |
| Date | |

---

***Signature Page to Subscription Agreement***

 ****

***<u>FOR INTERNAL USE ONLY</u>***

 

**ACCEPTANCE PAGE**

**TO**

**SUBSCRIPTION AGREEMENT**

The Company acknowledges receipt of, and accepts, the Subscription Agreement and payment of the Subscription Amount.

---

| |
|:---|
| **FullPAC, Inc.** |
| By: |
| Name: |
| Title: |
| Dated: |

---

## Add

**Exhibit 6.1**

**EMPLOYMENT AGREEMENT** 

**THIS EMPLOYMENT AGREEMENT** (this "***Agreement***") is dated as of September 1, 2025 (the "***Effective Date***") by and between Travis Trawick (the "***Executive***") and FullPAC, Inc., a Nevada corporation (the "***Company***"). The Company and the Executive shall be referred to herein as the "***Parties***."

**RECITALS**

**Whereas**, the Company desires to employ the Executive as its Chief Executive Officer, and the Executive desires to be employed by the Company as its Chief Executive Officer;

**Whereas**, the Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understandings with respect to the employment of the Executive as its Chief Executive Officer; and

**Whereas**, the Company hereby employs the Executive, and the Executive hereby accepts employment with the Company for the period and upon the terms and conditions contained in this Agreement.

**Now, Therefore**, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

**ARTICLE I.**

**<u>Services to be Provided by Executive</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**A. <u>Position and Responsibilities</u>**. The Executive shall be employed and serve as the Chief Executive Officer of the Company. The Executive shall report directly to the Board of Directors of the Company (the "***Board***"). The Executive shall have such duties and responsibilities commensurate with the Executive's title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Performance</u>**. During the Executive's employment with the Company, the Executive shall use the Executive's best efforts in the performance of the Executive's duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company, and shall exercise reasonable best efforts to perform the Executive's duties in a diligent, trustworthy, good faith and business-like manner, all for the purpose of advancing the business of the Company. The Executive shall at all times act in a manner consistent with the Executive's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Restrictive Covenants</u>**. The Executive's employment is conditioned on the execution of and compliance with the Confidentiality and Restrictive Covenant Agreement attached hereto as <u>Exhibit A</u>, which the Executive must sign on or before the Executive's first day of employment.

**ARTICLE II.**

**<u>Compensation for SErvices</u>**

As compensation for all services the Executive will perform under this Agreement, the Company will pay the Executive, and the Executive shall accept as full compensation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Base Salary</u>**. During employment, the Company shall pay the Executive an annual salary of $175,000 (the "***Base Salary***"), less applicable payroll deductions and tax withholdings for all services rendered by the Executive under this Agreement. Notwithstanding the foregoing, during employment, upon a public listing of the common stock of the Company on a public stock exchange such as NYSE, NASDAQ, or OTCQX or on a quotation service such as OTCQB (a "***Public Listing***"), the Base Salary shall automatically increase to an annual salary of $300,000, less applicable payroll deductions and tax withholdings. The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Discretionary Performance Bonus</u>**. For each calendar year or portion thereof during employment, the Executive shall be eligible for a discretionary performance bonus (the "***Bonus***"), less applicable payroll deductions and tax withholdings, which shall be based upon the achievement of certain performance goals as established by the Company, in its sole discretion, for each such year. Any Bonus shall be paid in the calendar year immediately following the calendar year in which any such bonus was earned at the time such bonuses are ordinarily paid by the Company but no later than March 15th. The Executive must be employed by the Company on the payment date to receive any Bonus. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Expenses</u>**. The Company agrees that, during the Executive's employment, it will reimburse the Executive for out-of-pocket expenses reasonably incurred in connection with the Executive's performance of the Executive's services hereunder, including, but not limited to, required travel for business purposes and annual password technology subscription services upon the presentation by the Executive of an itemized accounting of such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies. Reimbursement shall be in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Perquisites</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) During employment, the Company shall provide the Executive with an annual automobile allowance of $14,400, payable on a bi-monthly basis, to cover the Executive's cost of an automobile (the "***Annual Automobile Allowance***"), less applicable payroll deductions and tax withholdings (the "***Executive Vehicle***"). The Executive Vehicle that the Executive chooses to use in the performance of the Executive's duties must be maintained and in good working condition, in compliance with all laws related to motor vehicles, and otherwise appropriate for use in conducting employment-related activities. Notwithstanding the foregoing, upon a Public Listing during employment, the Annual Automobile Allowance shall automatically increase to $24,000, payable on a bi-monthly basis, less applicable payroll deductions and tax withholdings.

&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) During employment, the Company shall reimburse the Executive for the full cost of the Executive's smart phone and monthly data plan and home office internet service. The Executive shall present an itemized accounting of all such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Health Benefits</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) During employment, the Company will pay the Executive an annual health and wellness stipend equal to $2,400 per year ($200 per month), less applicable payroll deductions and tax withholdings, to pay "health and wellness costs" with respect to the Executive and/or the Executive's family members (the "***Stipend***"). Such payments shall be made in equal monthly installments. Notwithstanding the foregoing, upon a Public Listing during employment, the Stipend shall automatically increase to $9,600 per year ($800 per month), less applicable payroll deductions and tax withholdings.

&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) Upon a Public Listing during employment, the Executive will be entitled to participate in the Company's health plan during the Term that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the health plan documents, as such plan may be modified, amended, terminated, or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Other Benefits</u>**. The Executive is entitled during employment to participate in any 401(k) plan and any other benefit or welfare program or policy that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the plan documents, as such plans may be modified, amended, terminated, or replaced from time to time. The Executive will be entitled to paid time off in accordance with the Company's policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Compensation Recovery (Clawback)</u>**. Notwithstanding any other provision in this Agreement to the contrary, any incentive-based compensation paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company shall be subject to recovery by the Company under its Compensation Recovery Policy (the "Clawback Policy"), as it may be amended from time to time. The Executive acknowledges receipt of the Clawback Policy and agrees to be bound by its terms, including the obligation to repay any Erroneously Awarded Compensation as defined and required by the policy.

**ARTICLE III.**<br> **<u>Term; Termination</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Term of Employment</u>**. The Company shall employ the Executive and the Executive shall be employed by the Company pursuant to this Agreement commencing on the first day of employment and continuing until such employment is terminated in accordance with this Article III.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Termination</u>**. Subject to any obligations set forth below, either party may terminate the Executive's employment at any time upon written notice provided that the Executive will be required to provide the Company at least one (1) month advance written notice of the Executive's voluntary resignation without Good Reason (as defined below). Upon termination of the Executive's employment, the Company shall pay the Executive (i) any unpaid Base Salary accrued through the date of termination; and (ii) any unreimbursed expenses properly incurred prior to the date of termination (collectively, the "***Accrued Obligations***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **<u>Termination for Cause, Voluntary Resignation, or as a Result of Death or Disability</u>**. In the event the Executive voluntarily resigns without Good Reason (as defined below), the Company may, in its sole discretion, shorten the notice period and determine the date of termination without any obligation to pay the Executive any additional compensation other than the Accrued Obligations and without triggering a termination of the Executive's employment without Cause (as defined below). In the event the Company terminates the Executive's employment for Cause or the Executive voluntarily resigns without Good Reason, or as a result of the Executive's Total and Permanent Disability (as defined below) or death, the Company shall have no further liability or obligation to the Executive under this Agreement. The Accrued Obligations shall be payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Cause***" shall be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) conviction of a felony crime; (c) intentional and willful misconduct that subjects the Company to criminal liability; (d) breach of the Executive's duty of loyalty to the Company or diversion or usurpation of corporate opportunities properly belonging to the Company; (e) material breach of this Agreement and/or any other agreement entered into between the Company and the Executive or any related Company policy; and/or (f) willful and continued failure to satisfactorily perform the duties of Executive's position.

For purposes of this Agreement, "***Total and Permanent Disability***" means the Executive is qualified for long-term disability benefits under the Company's or a subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Executive is not eligible to participate in such plan or policy, that the Executive, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Executive's duties of employment for a period of six (6) continuous months, as determined in good faith by the Company, based upon medical reports or other evidence reasonably satisfactory to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **<u>Termination Without Cause or for Good Reason</u>**. In the event the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment; and (b) a lump sum severance payment in an amount equal to twelve (12) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year). For purposes of this Agreement, "***Good Reason***" means (a) a material reduction in or failure to pay the Executive's Base Salary; (b) a material reduction in the Executive's responsibilities, title or duties without the consent of the Executive; (c) a change in the location of the Executive's principal place of employment without the consent of the Executive outside of a twenty-five (25) mile radius of the principal place of employment where the Executive is based as of the Effective Date; or (d) the Company's material breach of this Agreement. For purposes of subsections (a)-(d) of this paragraph, the Executive shall give the Company written notice thereof which shall specify in reasonable detail the circumstances constituting Good Reason. There shall be no Good Reason with respect to any such circumstances if cured by the Company within thirty (30) days after such notice, at which time the Executive may withdraw his notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Termination Following a Change of Control</u>**. In the event that the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, in either case, within twelve (12) months following a Change of Control (as defined below), then, in lieu of the severance payments described in <u>Article III, Section B(ii) above, the Executive shall receive the following</u>, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) severance pay in an amount equal to eighteen (18) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable in a lump sum on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year); (b) all outstanding and unvested equity awards held by the Executive shall immediately become fully vested and, to the extent applicable, exercisable as of the date of termination subject to the terms and conditions of the applicable equity award agreements; and (c) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Change of Control***" means the occurrence of any of the following events: (a) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then-outstanding voting securities; (b) the consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (c) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (d) a change in the composition of the Board, as a result of which a majority of the members of the Board are not "Incumbent Directors" (meaning, any individual who is a director of the Company as of the Effective Date and any successor director whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the Incumbent Directors then on the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Garden Leave</u>**. Following the Executive's delivery of a notice of voluntary resignation, the Company may, in its sole discretion, require the Executive to remain away from the Company's premises and cease performing all duties and responsibilities for all or part of the notice period (the "Garden Leave Period"). During the Garden Leave Period, the Executive: (i) shall remain an employee of the Company and will continue to receive Base Salary and benefits; (ii) shall not contact or communicate with any employees, clients, or customers of the Company unless expressly directed to do so by the Company; (iii) shall not commence employment with any other entity; and (iv) must adhere to all duties and obligations to the Company, including the duty of loyalty. The Company's election to place the Executive on Garden Leave shall not be construed as a termination without Cause by the Company.

**ARTICLE IV.**<br> **<u>Miscellaneous Provisions</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Governing Law</u>**. The Parties agree that the Agreement shall be governed by and construed under the internal laws of the State of Virginia. In the event of any dispute regarding this Agreement, the Parties hereby irrevocably agree to submit to the exclusive jurisdiction of the federal and state courts situated in Virginia, and the Executive agrees that the Executive shall not challenge personal or subject matter jurisdiction in such courts. The Parties also hereby waive any right to trial by jury in connection with any litigation or disputes under or in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Mandatory Arbitration of Disputes</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. To
 ensure the rapid and confidential resolution of disputes, the Company and the Employee mutually
 agree that any and all claims, disputes, or controversies arising out of or relating to this
 Agreement, the Employee's employment with the Company, or the termination of that employment
 (collectively, "Claims"), shall be resolved exclusively by final and binding
 arbitration. This agreement to arbitrate applies to all Claims, whether based on statute,
 contract, tort, or common law. By agreeing to arbitration, **both Parties knowingly and voluntarily waive their right to a trial by jury.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. This
 agreement to arbitrate covers all Claims that the Company may have against the Employee or
 that the Employee may have against the Company and its affiliates, officers, directors, and
 other employees. Such Claims include, but are not limited to, claims for unpaid wages, wrongful
 termination, discrimination, harassment, breach of contract, and violation of any federal,
 state, or local law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. This
 agreement does not apply to claims for workers' compensation benefits, unemployment
 insurance benefits, or any claim that cannot be subjected to mandatory arbitration as a matter
 of law. Further, this agreement does not prevent the Employee from filing an administrative
 charge with a government agency, such as the Equal Employment Opportunity Commission (EEOC)
 or the National Labor Relations Board (NLRB), although any subsequent private lawsuit arising
 from such a charge will be subject to this arbitration agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The
 arbitration shall be conducted by a single, neutral arbitrator in accordance with the then-current
 Employment Arbitration Rules and Procedures of JAMS (or another mutually agreed-upon arbitration
 service). The arbitration shall take place in the county where the Employee primarily performs
 or performed services for the Company. The Company will bear the costs of the arbitrator's
 fees and any other costs unique to arbitration. The arbitrator shall have the authority to
 grant any remedy or relief that a court of competent jurisdiction could grant. The arbitrator's
 decision shall be in writing and will be final and binding on both Parties. Judgment on the
 award rendered by the arbitrator may be entered in any court having competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. The
 Parties agree that any arbitration will be conducted on an individual basis only. The Parties
 expressly waive their right to bring or participate in any form of class, collective, or
 representative action. The arbitrator may not consolidate more than one person's claims
 and may not otherwise preside over any form of a representative or class proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Headings</u>**. The paragraph headings contained in this Agreement are for convenience only and shall in no way or manner be construed as a part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Severability</u>**. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Reformation</u>.** In the event any court of competent jurisdiction holds any restriction in this Agreement to be unreasonable and/or unenforceable as written, the court may reform this Agreement to make it enforceable, and this Agreement shall remain in full force and effect as reformed by the court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement, including, without limitation, the Executive's employment with the Company. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all parties to this Agreement. The Executive acknowledges and represents that in executing this Agreement, the Executive did not rely, and has not relied, on any communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly contained in this Agreement. The Parties represent that they relied on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Waiver</u>**. No waiver of any breach of this Agreement shall be construed to be a waiver as to succeeding breaches. The failure of either party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant or condition but the obligations of either party with respect thereto shall continue in full force and effect. The breach by one party to this Agreement shall not preclude equitable relief or the obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **<u>Modification</u>**. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Company and the Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **<u>Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and permitted assigns. The Executive may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **<u>Code Section 409A</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent (A) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive's termination of employment with the Company constitute deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "***Code***"); (B) the Executive is deemed at the time of the Executive's separation from service to be a "specified employee" under Section 409A of the Code; and (C) at the time of the Executive's separation from service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments permitted by Section 409A of the Code to be paid within six (6) months of the Executive's separation from service) shall not be made until the earlier of (1) the first day of the seventh month following the Executive's separation from service or (2) the date of the Executive's death following such separation from service. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this <u>Article IV, Section I</u> shall be paid to the Executive or the Executive's beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate (as defined below) computed from the date on which each such delayed payment otherwise would have been made to the Executive until the date of payment. For purposes of the foregoing, the "***Delayed Payment Interest Rate***" shall mean the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive's separation from service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent any benefits provided under <u>Article III, Section B(ii)-(iii)</u> above are otherwise taxable to the Executive, such benefits shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the case of any amounts payable to the Executive under this Agreement, or under any plan of the Company, that may be treated as payable in the form of "a series of installment payments," as defined in Treas. Reg. §1.409A-2(b)(2)(iii), the Executive's right to receive such payments shall be treated as a right to receive a series of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall be interpreted, operated, and administered in a manner consistent with such intent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **<u>Counterparts</u>**. This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The Parties intend to treat as an original any document signed in connection with the transactions contemplated by this Agreement, including any counterpart to this Agreement or any related document that is delivered by electronic transmission, including by facsimile, .PDF, photo static copy, or otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed on the date first set forth above, to be effective as of that date.

---

| | |
|:---|:---|
| **EXECUTIVE:** | **EXECUTIVE:** |
| */s/ Travis Trawick* | */s/ Travis Trawick* |
| Travis Trawick | Travis Trawick |
| **COMPANY:** | **COMPANY:** |
| FullPAC, Inc. | FullPAC, Inc. |
| By: | */s/ Ryan Deal* |
| Name: | Ryan Deal |
| Title: | Secretary |

---

**<u>Exhibit A</u>**

Confidentiality and Restrictive Covenant Agreement

## Add

**Exhibit 6.2**

**EMPLOYMENT AGREEMENT** 

**THIS EMPLOYMENT AGREEMENT** (this "***Agreement***") is entered into by and between Isaac Dietrich (the "***Executive***") and FullPAC, Inc., a Nevada corporation (the "***Company***") and shall become effective upon the date of a Public Listing (as defined below) (the "***Effective Date***"). The Company and the Executive shall be referred to herein as the "***Parties***."

**RECITALS**

**WHEREAS**, the Company desires to employ the Executive as its Chief Financial Officer, and the Executive desires to be employed by the Company as its Chief Financial Officer;

**WHEREAS**, the Parties intend this Agreement to become effective upon a public listing of the common stock of the Company on a public stock exchange such as NYSE, NASDAQ, or OTCQX or on a quotation service such as OTCQB (a "***Public Listing***")

**WHEREAS**, the Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understandings with respect to the employment of the Executive as its Chief Financial Officer; and

**WHEREAS**, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to accept employment with the Company, for the period and upon the terms and conditions contained in this Agreement.

**NOW, THEREFORE**, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

**ARTICLE I.**

**<u>SERVICES TO BE PROVIDED BY EXECUTIVE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Position and Responsibilities</u>**. The Executive shall be employed and serve as the Chief Financial Officer of the Company. The Executive shall report directly to the Chief Executive Officer of the Company (the "***CEO***"). The Executive shall have such duties and responsibilities commensurate with the Executive's title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Performance</u>**. During the Executive's employment with the Company, the Executive shall use the Executive's best efforts in the performance of the Executive's duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company, and shall exercise reasonable best efforts to perform the Executive's duties in a diligent, trustworthy, good faith and business-like manner, all for the purpose of advancing the business of the Company. The Executive shall at all times act in a manner consistent with the Executive's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Restrictive Covenants</u>**. The Executive's employment is conditioned on the execution of and compliance with the Confidentiality and Restrictive Covenant Agreement attached hereto as <u>Exhibit A</u>, which the Executive must sign on or before the Executive's first day of employment.

**ARTICLE II.**

**<u>COMPENSATION FOR SERVICES</u>**

As compensation for all services the Executive will perform under this Agreement, the Company will pay the Executive, and the Executive shall accept as full compensation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Base Salary</u>**. During employment, the Company shall pay the Executive an annual salary of $295,000 (the "***Base Salary***"), less applicable payroll deductions and tax withholdings for all services rendered by the Executive under this Agreement. The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Discretionary Performance Bonus</u>**. For each calendar year or portion thereof during employment, the Executive shall be eligible for a discretionary performance bonus (the "***Bonus***"), less applicable payroll deductions and tax withholdings, which shall be based upon the achievement of certain performance goals as established by the Company, in its sole discretion, for each such year. Any Bonus shall be paid in the calendar year immediately following the calendar year in which any such bonus was earned at the time such bonuses are ordinarily paid by the Company but no later than March 15th. The Executive must be employed by the Company on the payment date to receive any Bonus. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Expenses</u>**. The Company agrees that, during the Executive's employment, it will reimburse the Executive for out-of-pocket expenses reasonably incurred in connection with the Executive's performance of the Executive's services hereunder, including, but not limited to, required travel for business purposes upon the presentation by the Executive of an itemized accounting of such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies. Reimbursement shall be in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Health Benefits</u>**.

&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) During employment, the Company will pay the Executive an annual health and wellness stipend equal to $9,600 per year ($800 per month), less applicable payroll deductions and tax withholdings, to pay "health and wellness costs" with respect to the Executive and/or the Executive's family members (the "***Stipend***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Executive will be entitled to participate in the Company's health plan during the Term that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the health plan documents, as such plan may be modified, amended, terminated, or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Other Benefits</u>**. The Executive is entitled during employment to participate in any 401(k) plan and any other benefit or welfare program or policy that is made generally available, from time to time, to other employees of the Company, including eligibility for awards granted at the discretion of the Board of Directors or its designated committee under the Company's 2025 Long-Term Incentive Plan. Such participation is subject to the terms of the plan documents, as such plans may be modified, amended, terminated, or replaced from time to time. The Executive will be entitled to paid time off in accordance with the Company's policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Compensation Recovery (Clawback)</u>**. Notwithstanding any other provision in this Agreement to the contrary, any incentive-based compensation paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company shall be subject to recovery by the Company under its Compensation Recovery Policy (the "Clawback Policy"), as it may be amended from time to time. The Executive acknowledges receipt of the Clawback Policy and agrees to be bound by its terms, including the obligation to repay any Erroneously Awarded Compensation as defined and required by the policy.

**ARTICLE III.<br> <u>TERM; TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Term of Employment</u>**. The terms and conditions of employment set forth in this Agreement shall commence on the Effective Date and shall continue until such employment is terminated in accordance with this Article III.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Termination</u>**. Subject to any obligations set forth below, either party may terminate the Executive's employment at any time upon written notice provided that the Executive will be required to provide the Company at least one (1) month advance written notice of the Executive's voluntary resignation without Good Reason (as defined below). Upon termination of the Executive's employment, the Company shall pay the Executive (i) any unpaid Base Salary accrued through the date of termination; and (ii) any unreimbursed expenses properly incurred prior to the date of termination (collectively, the "***Accrued Obligations***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **<u>Termination for Cause, Voluntary Resignation, or as a Result of Death or Disability</u>**. In the event the Executive voluntarily resigns without Good Reason (as defined below), the Company may, in its sole discretion, shorten the notice period and determine the date of termination without any obligation to pay the Executive any additional compensation other than the Accrued Obligations and without triggering a termination of the Executive's employment without Cause (as defined below). In the event the Company terminates the Executive's employment for Cause or the Executive voluntarily resigns without Good Reason, or as a result of the Executive's Total and Permanent Disability (as defined below) or death, the Company shall have no further liability or obligation to the Executive under this Agreement. The Accrued Obligations shall be payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Cause***" shall be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) conviction of a felony crime; (c) intentional and willful misconduct that subjects the Company to criminal liability; (d) breach of the Executive's duty of loyalty to the Company or diversion or usurpation of corporate opportunities properly belonging to the Company; (e) material breach of this Agreement and/or any other agreement entered into between the Company and the Executive or any related Company policy; and/or (f) willful and continued failure to satisfactorily perform the duties of Executive's position.

For purposes of this Agreement, "***Total and Permanent Disability***" means the Executive is qualified for long-term disability benefits under the Company's or a subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Executive is not eligible to participate in such plan or policy, that the Executive, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Executive's duties of employment for a period of six (6) continuous months, as determined in good faith by the Company, based upon medical reports or other evidence reasonably satisfactory to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **<u>Termination Without Cause or for Good Reason</u>**. In the event the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment; and (b) a lump sum severance payment in an amount equal to twelve (12) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year). For purposes of this Agreement, "***Good Reason***" means (a) a material reduction in or failure to pay the Executive's Base Salary; (b) a material reduction in the Executive's responsibilities, title or duties without the consent of the Executive; (c) a change in the location of the Executive's principal place of employment without the consent of the Executive outside of a twenty-five (25) mile radius of the principal place of employment where the Executive is based as of the Effective Date; or (d) the Company's material breach of this Agreement. For purposes of subsections (a)-(d) of this paragraph, the Executive shall give the Company written notice thereof which shall specify in reasonable detail the circumstances constituting Good Reason. There shall be no Good Reason with respect to any such circumstances if cured by the Company within thirty (30) days after such notice, at which time the Executive may withdraw his notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Termination Following a Change of Control</u>**. In the event that the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, in either case, within twelve (12) months following a Change of Control (as defined below), then, in lieu of the severance payments described in <u>Article III, Section B(ii)</u> above, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) severance pay in an amount equal to eighteen (18) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable in a lump sum on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year); (b) all outstanding and unvested equity awards held by the Executive shall immediately become fully vested and, to the extent applicable, exercisable as of the date of termination subject to the terms and conditions of the applicable equity award agreements; and (c) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Change of Control***" means the occurrence of any of the following events: (a) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then-outstanding voting securities; (b) the consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (c) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (d) a change in the composition of the Board, as a result of which a majority of the members of the Board are not "Incumbent Directors" (meaning, any individual who is a director of the Company as of the Effective Date and any successor director whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the Incumbent Directors then on the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Garden Leave</u>**. Following the Executive's delivery of a notice of voluntary resignation, the Company may, in its sole discretion, require the Executive to remain away from the Company's premises and cease performing all duties and responsibilities for all or part of the notice period (the "Garden Leave Period"). During the Garden Leave Period, the Executive: (i) shall remain an employee of the Company and will continue to receive Base Salary and benefits; (ii) shall not contact or communicate with any employees, clients, or customers of the Company unless expressly directed to do so by the Company; (iii) shall not commence employment with any other entity; and (iv) must adhere to all duties and obligations to the Company, including the duty of loyalty. The Company's election to place the Executive on Garden Leave shall not be construed as a termination without Cause by the Company.

**ARTICLE IV.<br> <u>MISCELLANEOUS PROVISIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Governing Law</u>**. This Agreement shall be governed by and construed in accordance with the laws of the state in which the Executive primarily resides and performs services for the Company, without regard to its conflict of laws principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Mandatory Arbitration of Disputes</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. To
 ensure the rapid and confidential resolution of disputes, the Company and the Employee mutually
 agree that any and all claims, disputes, or controversies arising out of or relating to this
 Agreement, the Employee's employment with the Company, or the termination of that employment
 (collectively, "Claims"), shall be resolved exclusively by final and binding
 arbitration. This agreement to arbitrate applies to all Claims, whether based on statute,
 contract, tort, or common law. By agreeing to arbitration, **both Parties knowingly and voluntarily waive their right to a trial by jury.** 

ii. This
 agreement to arbitrate covers all Claims that the Company may have against the Employee or
 that the Employee may have against the Company and its affiliates, officers, directors, and
 other employees. Such Claims include, but are not limited to, claims for unpaid wages, wrongful
 termination, discrimination, harassment, breach of contract, and violation of any federal,
 state, or local law.

iii. This
 agreement does not apply to claims for workers' compensation benefits, unemployment
 insurance benefits, or any claim that cannot be subjected to mandatory arbitration as a matter
 of law. Further, this agreement does not prevent the Employee from filing an administrative
 charge with a government agency, such as the Equal Employment Opportunity Commission (EEOC)
 or the National Labor Relations Board (NLRB), although any subsequent private lawsuit arising
 from such a charge will be subject to this arbitration agreement.

iv. The
 arbitration shall be conducted by a single, neutral arbitrator in accordance with the then-current
 Employment Arbitration Rules and Procedures of JAMS (or another mutually agreed-upon arbitration
 service). The arbitration shall take place in the county where the Employee primarily performs
 or performed services for the Company. The Company will bear the costs of the arbitrator's
 fees and any other costs unique to arbitration. The arbitrator shall have the authority to
 grant any remedy or relief that a court of competent jurisdiction could grant. The arbitrator's
 decision shall be in writing and will be final and binding on both Parties. Judgment on the
 award rendered by the arbitrator may be entered in any court having competent jurisdiction.

v. The
 Parties agree that any arbitration will be conducted on an individual basis only. The Parties
 expressly waive their right to bring or participate in any form of class, collective, or
 representative action. The arbitrator may not consolidate more than one person's claims
 and may not otherwise preside over any form of a representative or class proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Headings</u>**. The paragraph headings contained in this Agreement are for convenience only and shall in no way or manner be construed as a part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Severability</u>**. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Reformation</u>.** In the event any court of competent jurisdiction holds any restriction in this Agreement to be unreasonable and/or unenforceable as written, the court may reform this Agreement to make it enforceable, and this Agreement shall remain in full force and effect as reformed by the court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement, including, without limitation, the Executive's employment with the Company. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all parties to this Agreement. The Executive acknowledges and represents that in executing this Agreement, the Executive did not rely, and has not relied, on any communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly contained in this Agreement. The Parties represent that they relied on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Waiver</u>**. No waiver of any breach of this Agreement shall be construed to be a waiver as to succeeding breaches. The failure of either party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant or condition but the obligations of either party with respect thereto shall continue in full force and effect. The breach by one party to this Agreement shall not preclude equitable relief or the obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **<u>Modification</u>**. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Company and the Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **<u>Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and permitted assigns. The Executive may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **<u>Code Section 409A</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent (A) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive's termination of employment with the Company constitute deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "***Code***"); (B) the Executive is deemed at the time of the Executive's separation from service to be a "specified employee" under Section 409A of the Code; and (C) at the time of the Executive's separation from service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments permitted by Section 409A of the Code to be paid within six (6) months of the Executive's separation from service) shall not be made until the earlier of (1) the first day of the seventh month following the Executive's separation from service or (2) the date of the Executive's death following such separation from service. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this <u>Article IV, Section I</u> shall be paid to the Executive or the Executive's beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate (as defined below) computed from the date on which each such delayed payment otherwise would have been made to the Executive until the date of payment. For purposes of the foregoing, the "***Delayed Payment Interest Rate***" shall mean the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive's separation from service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent any benefits provided under <u>Article III, Section B(ii)-(iii)</u> above are otherwise taxable to the Executive, such benefits shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the case of any amounts payable to the Executive under this Agreement, or under any plan of the Company, that may be treated as payable in the form of "a series of installment payments," as defined in Treas. Reg. §1.409A-2(b)(2)(iii), the Executive's right to receive such payments shall be treated as a right to receive a series of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall be interpreted, operated, and administered in a manner consistent with such intent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **<u>Counterparts</u>**. This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The Parties intend to treat as an original any document signed in connection with the transactions contemplated by this Agreement, including any counterpart to this Agreement or any related document that is delivered by electronic transmission, including by facsimile, .PDF, photo static copy, or otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed on the dates set forth below, to be effective as of the Effective Date.

**EXECUTIVE:** 

---

| | |
|:---|:---|
| */s/ Isaac Dietrich* | |
| Isaac Dietrich |  |

---

Date: September 4, 2025

**COMPANY:** 

---

| | | |
|:---|:---|:---|
| FullPAC, Inc. | FullPAC, Inc. |  |
| By: | */s/ Travis Trawick* | |
| Name: | Travis Trawick |  |
| Title: | Chief Executive Officer |  |

---

Date: September 4, 2025

**<u>Exhibit A</u>**

Confidentiality and Restrictive Covenant Agreement

## Add

**Exhibit 6.3**

**EMPLOYMENT AGREEMENT**

**THIS EMPLOYMENT AGREEMENT** (this "***Agreement***") is dated as of September 1, 2025 (the "***Effective Date***") by and between Ryan Deal (the "***Executive***") and FullPAC, Inc., a Nevada corporation (the "***Company***"). The Company and the Executive shall be referred to herein as the "***Parties***."

**RECITALS**

**WHEREAS**, the Company desires to employ the Executive as its General Counsel and Secretary, and the Executive desires to be employed by the Company as its General Counsel and Secretary;

**WHEREAS**, the Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understandings with respect to the employment of the Executive as its General Counsel and Secretary; and

**WHEREAS**, the Company hereby employs the Executive, and the Executive hereby accepts employment with the Company for the period and upon the terms and conditions contained in this Agreement.

**NOW, THEREFORE**, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

**ARTICLE I.**

**<u>SERVICES TO BE PROVIDED BY EXECUTIVE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Position and Responsibilities</u>**. The Executive shall be employed and serve as the General Counsel and Secretary of the Company. The Executive shall report directly to the Chief Executive Officer of the Company (the "***CEO***"). The Executive shall have such duties and responsibilities commensurate with the Executive's title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Performance</u>**. During the Executive's employment with the Company, the Executive shall use the Executive's best efforts in the performance of the Executive's duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company, and shall exercise reasonable best efforts to perform the Executive's duties in a diligent, trustworthy, good faith and business-like manner, all for the purpose of advancing the business of the Company. The Executive shall at all times act in a manner consistent with the Executive's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Restrictive Covenants</u>**. The Executive's employment is conditioned on the execution of and compliance with the Confidentiality and Restrictive Covenant Agreement attached hereto as <u>Exhibit A</u>, which the Executive must sign on or before the Executive's first day of employment.

**ARTICLE II.**

**<u>COMPENSATION FOR SERVICES</u>**

As compensation for all services the Executive will perform under this Agreement, the Company will pay the Executive, and the Executive shall accept as full compensation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Base Salary</u>**. During employment, the Company shall pay the Executive an annual salary of $160,000 (the "***Base Salary***"), less applicable payroll deductions and tax withholdings for all services rendered by the Executive under this Agreement. Notwithstanding the foregoing, during employment, upon a public listing of the common stock of the Company on a public stock exchange such as NYSE, NASDAQ, or OTCQX or on a quotation service such as OTCQB (a "***Public Listing***"), the Base Salary shall automatically increase to an annual salary of $220,000, less applicable payroll deductions and tax withholdings. The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Discretionary Performance Bonus</u>**. For each calendar year or portion thereof during employment, the Executive shall be eligible for a discretionary performance bonus (the "***Bonus***"), less applicable payroll deductions and tax withholdings, which shall be based upon the achievement of certain performance goals as established by the Company, in its sole discretion, for each such year. Any Bonus shall be paid in the calendar year immediately following the calendar year in which any such bonus was earned at the time such bonuses are ordinarily paid by the Company but no later than March 15th. The Executive must be employed by the Company on the payment date to receive any Bonus. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Expenses</u>**. The Company agrees that, during the Executive's employment, it will reimburse the Executive for out-of-pocket expenses reasonably incurred in connection with the Executive's performance of the Executive's services hereunder, including, but not limited to, required travel for business purposes upon the presentation by the Executive of an itemized accounting of such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies. Reimbursement shall be in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Health Benefits</u>**.

&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) During employment, the Company will pay the Executive an annual health and wellness stipend equal to $2,400 per year ($200 per month), less applicable payroll deductions and tax withholdings, to pay "health and wellness costs" with respect to the Executive and/or the Executive's family members (the "***Stipend***"). Such payments shall be made in equal monthly installments. Notwithstanding the foregoing, upon a Public Listing during employment, the Stipend shall automatically increase to $9,600 per year ($800 per month), less applicable payroll deductions and tax withholdings.

&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) Upon a Public Listing during employment, the Executive will be entitled to participate in the Company's health plan during the Term that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the health plan documents, as such plan may be modified, amended, terminated, or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Other Benefits</u>**. The Executive is entitled during employment to participate in any 401(k) plan and any other benefit or welfare program or policy that is made generally available, from time to time, to other employees of the Company, including eligibility for awards granted at the discretion of the Board of Directors or its designated committee under the Company's 2025 Long-Term Incentive Plan. Such participation is subject to the terms of the plan documents, as such plans may be modified, amended, terminated, or replaced from time to time. The Executive will be entitled to paid time off in accordance with the Company's policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Compensation Recovery (Clawback)</u>**. Notwithstanding any other provision in this Agreement to the contrary, any incentive-based compensation paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company shall be subject to recovery by the Company under its Compensation Recovery Policy (the "***Clawback Policy***"), as it may be amended from time to time. The Executive acknowledges receipt of the Clawback Policy and agrees to be bound by its terms, including the obligation to repay any Erroneously Awarded Compensation as defined and required by the policy.

**ARTICLE III.**<br> **<u>TERM; TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Term of Employment</u>**. The Company shall employ the Executive and the Executive shall be employed by the Company pursuant to this Agreement commencing on the first day of employment and continuing until such employment is terminated in accordance with this Article III.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Termination</u>**. Subject to any obligations set forth below, either party may terminate the Executive's employment at any time upon written notice provided that the Executive will be required to provide the Company at least one (1) month advance written notice of the Executive's voluntary resignation without Good Reason (as defined below). Upon termination of the Executive's employment, the Company shall pay the Executive (i) any unpaid Base Salary accrued through the date of termination; and (ii) any unreimbursed expenses properly incurred prior to the date of termination (collectively, the "***Accrued Obligations***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **<u>Termination for Cause, Voluntary Resignation, or as a Result of Death or Disability</u>**. In the event the Executive voluntarily resigns without Good Reason (as defined below), the Company may, in its sole discretion, shorten the notice period and determine the date of termination without any obligation to pay the Executive any additional compensation other than the Accrued Obligations and without triggering a termination of the Executive's employment without Cause (as defined below). In the event the Company terminates the Executive's employment for Cause or the Executive voluntarily resigns without Good Reason, or as a result of the Executive's Total and Permanent Disability (as defined below) or death, the Company shall have no further liability or obligation to the Executive under this Agreement. The Accrued Obligations shall be payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Cause***" shall be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) conviction of a felony crime; (c) intentional and willful misconduct that subjects the Company to criminal liability; (d) breach of the Executive's duty of loyalty to the Company or diversion or usurpation of corporate opportunities properly belonging to the Company; (e) material breach of this Agreement and/or any other agreement entered into between the Company and the Executive or any related Company policy; and/or (f) willful and continued failure to satisfactorily perform the duties of Executive's position.

For purposes of this Agreement, "***Total and Permanent Disability***" means the Executive is qualified for long-term disability benefits under the Company's or a subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Executive is not eligible to participate in such plan or policy, that the Executive, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Executive's duties of employment for a period of six (6) continuous months, as determined in good faith by the Company, based upon medical reports or other evidence reasonably satisfactory to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **<u>Termination Without Cause or for Good Reason</u>**. In the event the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment; and (b) a lump sum severance payment in an amount equal to twelve (12) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year). For purposes of this Agreement, "***Good Reason***" means (a) a material reduction in or failure to pay the Executive's Base Salary; (b) a material reduction in the Executive's responsibilities, title or duties without the consent of the Executive; (c) a change in the location of the Executive's principal place of employment without the consent of the Executive outside of a twenty-five (25) mile radius of the principal place of employment where the Executive is based as of the Effective Date; or (d) the Company's material breach of this Agreement. For purposes of subsections (a)-(d) of this paragraph, the Executive shall give the Company written notice thereof which shall specify in reasonable detail the circumstances constituting Good Reason. There shall be no Good Reason with respect to any such circumstances if cured by the Company within thirty (30) days after such notice, at which time the Executive may withdraw his notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Termination Following a Change of Control</u>**. In the event that the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, in either case, within twelve (12) months following a Change of Control (as defined below), then, in lieu of the severance payments described in <u>Article III, Section B(ii)</u> above, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) severance pay in an amount equal to eighteen (18) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable in a lump sum on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year); (b) all outstanding and unvested equity awards held by the Executive shall immediately become fully vested and, to the extent applicable, exercisable as of the date of termination subject to the terms and conditions of the applicable equity award agreements; and (c) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Change of Control***" means the occurrence of any of the following events: (a) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then-outstanding voting securities; (b) the consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (c) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (d) a change in the composition of the Board, as a result of which a majority of the members of the Board are not "Incumbent Directors" (meaning, any individual who is a director of the Company as of the Effective Date and any successor director whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the Incumbent Directors then on the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Garden Leave</u>**. Following the Executive's delivery of a notice of voluntary resignation, the Company may, in its sole discretion, require the Executive to remain away from the Company's premises and cease performing all duties and responsibilities for all or part of the notice period (the "***Garden Leave Period***"). During the Garden Leave Period, the Executive: (i) shall remain an employee of the Company and will continue to receive Base Salary and benefits; (ii) shall not contact or communicate with any employees, clients, or customers of the Company unless expressly directed to do so by the Company; (iii) shall not commence employment with any other entity; and (iv) must adhere to all duties and obligations to the Company, including the duty of loyalty. The Company's election to place the Executive on Garden Leave shall not be construed as a termination without Cause by the Company.

**ARTICLE IV.**<br> **<u>MISCELLANEOUS PROVISIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Governing Law</u>**. This Agreement shall be governed by and construed in accordance with the laws of the state in which the Executive primarily resides and performs services for the Company, without regard to its conflict of laws principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; B. **<u>Mandatory Arbitration of Disputes</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. To
 ensure the rapid and confidential resolution of disputes, the Company and the Employee mutually
 agree that any and all claims, disputes, or controversies arising out of or relating to this
 Agreement, the Employee's employment with the Company, or the termination of that employment
 (collectively, "Claims"), shall be resolved exclusively by final and binding
 arbitration. This agreement to arbitrate applies to all Claims, whether based on statute,
 contract, tort, or common law. By agreeing to arbitration, **both Parties knowingly and voluntarily waive their right to a trial by jury.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. This
 agreement to arbitrate covers all Claims that the Company may have against the Employee or
 that the Employee may have against the Company and its affiliates, officers, directors, and
 other employees. Such Claims include, but are not limited to, claims for unpaid wages, wrongful
 termination, discrimination, harassment, breach of contract, and violation of any federal,
 state, or local law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. This
 agreement does not apply to claims for workers' compensation benefits, unemployment
 insurance benefits, or any claim that cannot be subjected to mandatory arbitration as a matter
 of law. Further, this agreement does not prevent the Employee from filing an administrative
 charge with a government agency, such as the Equal Employment Opportunity Commission (EEOC)
 or the National Labor Relations Board (NLRB), although any subsequent private lawsuit arising
 from such a charge will be subject to this arbitration agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The
 arbitration shall be conducted by a single, neutral arbitrator in accordance with the then-current
 Employment Arbitration Rules and Procedures of JAMS (or another mutually agreed-upon arbitration
 service). The arbitration shall take place in the county where the Employee primarily performs
 or performed services for the Company. The Company will bear the costs of the arbitrator's
 fees and any other costs unique to arbitration. The arbitrator shall have the authority to
 grant any remedy or relief that a court of competent jurisdiction could grant. The arbitrator's
 decision shall be in writing and will be final and binding on both Parties. Judgment on the
 award rendered by the arbitrator may be entered in any court having competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. The
 Parties agree that any arbitration will be conducted on an individual basis only. The Parties
 expressly waive their right to bring or participate in any form of class, collective, or
 representative action. The arbitrator may not consolidate more than one person's claims
 and may not otherwise preside over any form of a representative or class proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Headings</u>**. The paragraph headings contained in this Agreement are for convenience only and shall in no way or manner be construed as a part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Severability</u>**. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Reformation</u>.** In the event any court of competent jurisdiction holds any restriction in this Agreement to be unreasonable and/or unenforceable as written, the court may reform this Agreement to make it enforceable, and this Agreement shall remain in full force and effect as reformed by the court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement, including, without limitation, the Executive's employment with the Company. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all parties to this Agreement. The Executive acknowledges and represents that in executing this Agreement, the Executive did not rely, and has not relied, on any communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly contained in this Agreement. The Parties represent that they relied on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Waiver</u>**. No waiver of any breach of this Agreement shall be construed to be a waiver as to succeeding breaches. The failure of either party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant or condition but the obligations of either party with respect thereto shall continue in full force and effect. The breach by one party to this Agreement shall not preclude equitable relief or the obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **<u>Modification</u>**. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Company and the Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **<u>Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and permitted assigns. The Executive may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **<u>Code Section 409A</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent (A) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive's termination of employment with the Company constitute deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "***Code***"); (B) the Executive is deemed at the time of the Executive's separation from service to be a "specified employee" under Section 409A of the Code; and (C) at the time of the Executive's separation from service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments permitted by Section 409A of the Code to be paid within six (6) months of the Executive's separation from service) shall not be made until the earlier of (1) the first day of the seventh month following the Executive's separation from service or (2) the date of the Executive's death following such separation from service. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this <u>Article IV, Section I</u> shall be paid to the Executive or the Executive's beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate (as defined below) computed from the date on which each such delayed payment otherwise would have been made to the Executive until the date of payment. For purposes of the foregoing, the "***Delayed Payment Interest Rate***" shall mean the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive's separation from service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent any benefits provided under <u>Article III, Section B(ii)-(iii)</u> above are otherwise taxable to the Executive, such benefits shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the case of any amounts payable to the Executive under this Agreement, or under any plan of the Company, that may be treated as payable in the form of "a series of installment payments," as defined in Treas. Reg. §1.409A-2(b)(2)(iii), the Executive's right to receive such payments shall be treated as a right to receive a series of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall be interpreted, operated, and administered in a manner consistent with such intent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **<u>Counterparts</u>**. This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The Parties intend to treat as an original any document signed in connection with the transactions contemplated by this Agreement, including any counterpart to this Agreement or any related document that is delivered by electronic transmission, including by facsimile, .PDF, photo static copy, or otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed on the date first set forth above, to be effective as of that date.

---

| |
|:---|
| **EXECUTIVE:** |
| */s/ Ryan Deal* |
| Ryan Deal |

---

---

| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
| FullPAC, Inc. | FullPAC, Inc. |
| By: | */s/ Travis Trawick* |
| Name: | Travis Trawick |
| Title: | Chief Executive Officer |

---

**<u>Exhibit A</u>**

Confidentiality and Restrictive Covenant Agreement

## Add

**Exhibit 6.4**

**EMPLOYMENT AGREEMENT** 

**THIS EMPLOYMENT AGREEMENT** (this "***Agreement***") is dated as of September 1, 2025 (the "***Effective Date***") by and between Daniel Flowers (the "***Executive***") and FullPAC, Inc., a Nevada corporation (the "***Company***"). The Company and the Executive shall be referred to herein as the "***Parties***."

**RECITALS**

**WHEREAS**, the Company desires to employ the Executive as its Chief Technology Officer, and the Executive desires to be employed by the Company as its Chief Technology Officer;

**WHEREAS**, the Company and the Executive desire to set forth in writing the terms and conditions of their agreement and understandings with respect to the employment of the Executive as its Chief Technology Officer; and

**WHEREAS**, the Company hereby employs the Executive, and the Executive hereby accepts employment with the Company for the period and upon the terms and conditions contained in this Agreement.

**NOW, THEREFORE**, in consideration of the mutual promises and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the Parties hereby agree as follows:

**ARTICLE I.**

**<u>SERVICES TO BE PROVIDED BY EXECUTIVE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Position and Responsibilities</u>**. The Executive shall be employed and serve as the Chief Technology Officer of the Company. The Executive shall report directly to the Chief Executive Officer of the Company (the "***CEO***"). The Executive shall have such duties and responsibilities commensurate with the Executive's title.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Performance</u>**. During the Executive's employment with the Company, the Executive shall use the Executive's best efforts in the performance of the Executive's duties hereunder in a manner that will faithfully and diligently further the business and interests of the Company, and shall exercise reasonable best efforts to perform the Executive's duties in a diligent, trustworthy, good faith and business-like manner, all for the purpose of advancing the business of the Company. The Executive shall at all times act in a manner consistent with the Executive's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Restrictive Covenants</u>**. The Executive's employment is conditioned on the execution of and compliance with the Confidentiality and Restrictive Covenant Agreement attached hereto as <u>Exhibit A</u>, which the Executive must sign on or before the Executive's first day of employment.

**ARTICLE II.**

**<u>COMPENSATION FOR SERVICES</u>**

As compensation for all services the Executive will perform under this Agreement, the Company will pay the Executive, and the Executive shall accept as full compensation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Base Salary</u>**. During employment, the Company shall pay the Executive an annual salary of $200,000 (the "***Base Salary***"), less applicable payroll deductions and tax withholdings for all services rendered by the Executive under this Agreement. Notwithstanding the foregoing, during employment, upon a public listing of the common stock of the Company on a public stock exchange such as NYSE, NASDAQ, or OTCQX or on a quotation service such as OTCQB (a "***Public Listing***"), the Base Salary shall automatically increase to an annual salary of $250,000, less applicable payroll deductions and tax withholdings. The Company shall pay the Base Salary in accordance with the normal payroll policies of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Discretionary Performance Bonus</u>**. For each calendar year or portion thereof during employment, the Executive shall be eligible for a discretionary performance bonus (the "***Bonus***"), less applicable payroll deductions and tax withholdings, which shall be based upon the achievement of certain performance goals as established by the Company, in its sole discretion, for each such year. Any Bonus shall be paid in the calendar year immediately following the calendar year in which any such bonus was earned at the time such bonuses are ordinarily paid by the Company but no later than March 15th. The Executive must be employed by the Company on the payment date to receive any Bonus. The awarding of bonuses, if any, shall be determined reasonably and in good faith by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Expenses</u>**. The Company agrees that, during the Executive's employment, it will reimburse the Executive for out-of-pocket expenses reasonably incurred in connection with the Executive's performance of the Executive's services hereunder, including, but not limited to, required travel for business purposes upon the presentation by the Executive of an itemized accounting of such expenditures, with supporting receipts in compliance with the Company's expense reimbursement policies. Reimbursement shall be in compliance with the Company's expense reimbursement policies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Health Benefits</u>**.

&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) During employment, the Company will pay the Executive an annual health and wellness stipend equal to $2,400 per year ($200 per month), less applicable payroll deductions and tax withholdings, to pay "health and wellness costs" with respect to the Executive and/or the Executive's family members (the "***Stipend***"). Such payments shall be made in equal monthly installments. Notwithstanding the foregoing, upon a Public Listing during employment, the Stipend shall automatically increase to $9,600 per year ($800 per month), less applicable payroll deductions and tax withholdings.

&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) Upon a Public Listing during employment, the Executive will be entitled to participate in the Company's health plan during the Term that is made generally available, from time to time, to other employees of the Company, on a basis consistent with such participation and subject to the terms of the health plan documents, as such plan may be modified, amended, terminated, or replaced from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Other Benefits</u>**. The Executive is entitled during employment to participate in any 401(k) plan and any other benefit or welfare program or policy that is made generally available, from time to time, to other employees of the Company, including eligibility for awards granted at the discretion of the Board of Directors or its designated committee under the Company's 2025 Long-Term Incentive Plan. Such participation is subject to the terms of the plan documents, as such plans may be modified, amended, terminated, or replaced from time to time. The Executive will be entitled to paid time off in accordance with the Company's policies in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Compensation Recovery (Clawback)</u>**. Notwithstanding any other provision in this Agreement to the contrary, any incentive-based compensation paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company shall be subject to recovery by the Company under its Compensation Recovery Policy (the "Clawback Policy"), as it may be amended from time to time. The Executive acknowledges receipt of the Clawback Policy and agrees to be bound by its terms, including the obligation to repay any Erroneously Awarded Compensation as defined and required by the policy.

**ARTICLE III.**

**<u>TERM; TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Term of Employment</u>**. The Company shall employ the Executive and the Executive shall be employed by the Company pursuant to this Agreement commencing on the first day of employment and continuing until such employment is terminated in accordance with this Article III.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Termination</u>**. Subject to any obligations set forth below, either party may terminate the Executive's employment at any time upon written notice provided that the Executive will be required to provide the Company at least one (1) month advance written notice of the Executive's voluntary resignation without Good Reason (as defined below). Upon termination of the Executive's employment, the Company shall pay the Executive (i) any unpaid Base Salary accrued through the date of termination; and (ii) any unreimbursed expenses properly incurred prior to the date of termination (collectively, the "***Accrued Obligations***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **<u>Termination for Cause, Voluntary Resignation, or as a Result of Death or Disability</u>**. In the event the Executive voluntarily resigns without Good Reason (as defined below), the Company may, in its sole discretion, shorten the notice period and determine the date of termination without any obligation to pay the Executive any additional compensation other than the Accrued Obligations and without triggering a termination of the Executive's employment without Cause (as defined below). In the event the Company terminates the Executive's employment for Cause or the Executive voluntarily resigns without Good Reason, or as a result of the Executive's Total and Permanent Disability (as defined below) or death, the Company shall have no further liability or obligation to the Executive under this Agreement. The Accrued Obligations shall be payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Cause***" shall be limited to termination based on any of the following grounds: (a) fraud, misappropriation, embezzlement or acts of similar dishonesty; (b) conviction of a felony crime; (c) intentional and willful misconduct that subjects the Company to criminal liability; (d) breach of the Executive's duty of loyalty to the Company or diversion or usurpation of corporate opportunities properly belonging to the Company; (e) material breach of this Agreement and/or any other agreement entered into between the Company and the Executive or any related Company policy; and/or (f) willful and continued failure to satisfactorily perform the duties of Executive's position.

For purposes of this Agreement, "***Total and Permanent Disability***" means the Executive is qualified for long-term disability benefits under the Company's or a subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Executive is not eligible to participate in such plan or policy, that the Executive, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Executive's duties of employment for a period of six (6) continuous months, as determined in good faith by the Company, based upon medical reports or other evidence reasonably satisfactory to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **<u>Termination Without Cause or for Good Reason</u>**. In the event the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment; and (b) a lump sum severance payment in an amount equal to twelve (12) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year). For purposes of this Agreement, "***Good Reason***" means (a) a material reduction in or failure to pay the Executive's Base Salary; (b) a material reduction in the Executive's responsibilities, title or duties without the consent of the Executive; (c) a change in the location of the Executive's principal place of employment without the consent of the Executive outside of a twenty-five (25) mile radius of the principal place of employment where the Executive is based as of the Effective Date; or (d) the Company's material breach of this Agreement. For purposes of subsections (a)-(d) of this paragraph, the Executive shall give the Company written notice thereof which shall specify in reasonable detail the circumstances constituting Good Reason. There shall be no Good Reason with respect to any such circumstances if cured by the Company within thirty (30) days after such notice, at which time the Executive may withdraw his notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Termination Following a Change of Control</u>**. In the event that the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason, in either case, within twelve (12) months following a Change of Control (as defined below), then, in lieu of the severance payments described in <u>Article III, Section B(ii)</u> above, the Executive shall receive the following, subject to the execution and timely return by the Executive of a release of claims in the form to be delivered by the Company: (a) severance pay in an amount equal to eighteen (18) months of the Executive's then-current Base Salary as of the date of termination, less applicable payroll deductions and tax withholdings, payable in a lump sum on the Company's first regular pay date on or after the thirtieth (30th) day following the Executive's execution and delivery of the release of claims, which has not been revoked (provided that if the time period for reviewing, executing, and revoking the release of claims begins in one year and ends in a second taxable year, no payments shall commence until the second taxable year); (b) all outstanding and unvested equity awards held by the Executive shall immediately become fully vested and, to the extent applicable, exercisable as of the date of termination subject to the terms and conditions of the applicable equity award agreements; and (c) the Accrued Obligations, payable in a lump sum within the time period required by applicable law, and in no event later than thirty (30) days following termination of employment.

For purposes of this Agreement, "***Change of Control***" means the occurrence of any of the following events: (a) any "person" (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes the "beneficial owner" (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then-outstanding voting securities; (b) the consummation of the sale or disposition by the Company of all or substantially all of the Company's assets; (c) the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or (d) a change in the composition of the Board, as a result of which a majority of the members of the Board are not "Incumbent Directors" (meaning, any individual who is a director of the Company as of the Effective Date and any successor director whose election, or nomination for election by the Company's stockholders, was approved by a vote of at least a majority of the Incumbent Directors then on the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Garden Leave</u>**. Following the Executive's delivery of a notice of voluntary resignation, the Company may, in its sole discretion, require the Executive to remain away from the Company's premises and cease performing all duties and responsibilities for all or part of the notice period (the "Garden Leave Period"). During the Garden Leave Period, the Executive: (i) shall remain an employee of the Company and will continue to receive Base Salary and benefits; (ii) shall not contact or communicate with any employees, clients, or customers of the Company unless expressly directed to do so by the Company; (iii) shall not commence employment with any other entity; and (iv) must adhere to all duties and obligations to the Company, including the duty of loyalty. The Company's election to place the Executive on Garden Leave shall not be construed as a termination without Cause by the Company.

**ARTICLE IV.**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. **<u>Governing Law</u>**. The Parties agree that the Agreement shall be governed by and construed under the internal laws of the State of Virginia. In the event of any dispute regarding this Agreement, the Parties hereby irrevocably agree to submit to the exclusive jurisdiction of the federal and state courts situated in Virginia, and the Executive agrees that the Executive shall not challenge personal or subject matter jurisdiction in such courts. The Parties also hereby waive any right to trial by jury in connection with any litigation or disputes under or in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. **<u>Mandatory Arbitration of Disputes</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. To
 ensure the rapid and confidential resolution of disputes, the Company and the Employee mutually
 agree that any and all claims, disputes, or controversies arising out of or relating to this
 Agreement, the Employee's employment with the Company, or the termination of that employment
 (collectively, "Claims"), shall be resolved exclusively by final and binding
 arbitration. This agreement to arbitrate applies to all Claims, whether based on statute,
 contract, tort, or common law. By agreeing to arbitration, **both Parties knowingly and voluntarily waive their right to a trial by jury.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. This
 agreement to arbitrate covers all Claims that the Company may have against the Employee or
 that the Employee may have against the Company and its affiliates, officers, directors, and
 other employees. Such Claims include, but are not limited to, claims for unpaid wages, wrongful
 termination, discrimination, harassment, breach of contract, and violation of any federal,
 state, or local law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. This
 agreement does not apply to claims for workers' compensation benefits, unemployment
 insurance benefits, or any claim that cannot be subjected to mandatory arbitration as a matter
 of law. Further, this agreement does not prevent the Employee from filing an administrative
 charge with a government agency, such as the Equal Employment Opportunity Commission (EEOC)
 or the National Labor Relations Board (NLRB), although any subsequent private lawsuit arising
 from such a charge will be subject to this arbitration agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The
 arbitration shall be conducted by a single, neutral arbitrator in accordance with the then-current
 Employment Arbitration Rules and Procedures of JAMS (or another mutually agreed-upon arbitration
 service). The arbitration shall take place in the county where the Employee primarily performs
 or performed services for the Company. The Company will bear the costs of the arbitrator's
 fees and any other costs unique to arbitration. The arbitrator shall have the authority to
 grant any remedy or relief that a court of competent jurisdiction could grant. The arbitrator's
 decision shall be in writing and will be final and binding on both Parties. Judgment on the
 award rendered by the arbitrator may be entered in any court having competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. The
 Parties agree that any arbitration will be conducted on an individual basis only. The Parties
 expressly waive their right to bring or participate in any form of class, collective, or
 representative action. The arbitrator may not consolidate more than one person's claims
 and may not otherwise preside over any form of a representative or class proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. **<u>Headings</u>**. The paragraph headings contained in this Agreement are for convenience only and shall in no way or manner be construed as a part of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. **<u>Severability</u>**. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal or unenforceable in any respect, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. **<u>Reformation</u>.** In the event any court of competent jurisdiction holds any restriction in this Agreement to be unreasonable and/or unenforceable as written, the court may reform this Agreement to make it enforceable, and this Agreement shall remain in full force and effect as reformed by the court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement, including, without limitation, the Executive's employment with the Company. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it. Any amendment to this Agreement must be signed by all parties to this Agreement. The Executive acknowledges and represents that in executing this Agreement, the Executive did not rely, and has not relied, on any communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly contained in this Agreement. The Parties represent that they relied on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. **<u>Waiver</u>**. No waiver of any breach of this Agreement shall be construed to be a waiver as to succeeding breaches. The failure of either party to insist in any one or more instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant or condition but the obligations of either party with respect thereto shall continue in full force and effect. The breach by one party to this Agreement shall not preclude equitable relief or the obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. **<u>Modification</u>**. The provisions of this Agreement may be amended, modified or waived only with the prior written consent of the Company and the Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I. **<u>Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors and permitted assigns. The Executive may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J. **<u>Code Section 409A</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To the extent (A) any payments to which the Executive becomes entitled under this Agreement, or any agreement or plan referenced herein, in connection with the Executive's termination of employment with the Company constitute deferred compensation subject to Section 409A of the Internal Revenue Code of 1986, as amended (the "***Code***"); (B) the Executive is deemed at the time of the Executive's separation from service to be a "specified employee" under Section 409A of the Code; and (C) at the time of the Executive's separation from service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments permitted by Section 409A of the Code to be paid within six (6) months of the Executive's separation from service) shall not be made until the earlier of (1) the first day of the seventh month following the Executive's separation from service or (2) the date of the Executive's death following such separation from service. Upon the expiration of the applicable deferral period, any payments which would have otherwise been made during that period (whether in a single sum or in installments) in the absence of this <u>Article IV, Section I</u> shall be paid to the Executive or the Executive's beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate (as defined below) computed from the date on which each such delayed payment otherwise would have been made to the Executive until the date of payment. For purposes of the foregoing, the "***Delayed Payment Interest Rate***" shall mean the national average annual rate of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently published Sunday edition of The New York Times preceding the Executive's separation from service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent any benefits provided under <u>Article III, Section B(ii)-(iii)</u> above are otherwise taxable to the Executive, such benefits shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the case of any amounts payable to the Executive under this Agreement, or under any plan of the Company, that may be treated as payable in the form of "a series of installment payments," as defined in Treas. Reg. §1.409A-2(b)(2)(iii), the Executive's right to receive such payments shall be treated as a right to receive a series of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall be interpreted, operated, and administered in a manner consistent with such intent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;K. **<u>Counterparts</u>**. This Agreement may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The Parties intend to treat as an original any document signed in connection with the transactions contemplated by this Agreement, including any counterpart to this Agreement or any related document that is delivered by electronic transmission, including by facsimile, .PDF, photo static copy, or otherwise.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE FOLLOWS.]

IN WITNESS WHEREOF, the Company and the Executive have caused this Agreement to be executed on the date first set forth above, to be effective as of that date.

---

| | |
|:---|:---|
| **EXECUTIVE:** |  |
| */s/ Daniel Flowers* | |
| Daniel Flowers |  |

---

---

| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
|  | |
| FullPAC, Inc. | FullPAC, Inc. |
|  | |
| By: | */s/ Travis Trawick* |
| Name: | Travis Trawick |
| Title: | Chief Executive Officer |

---

**<u>Exhibit A</u>**

Confidentiality and Restrictive Covenant Agreement

## Add

**Exhibit 6.5**

**<u>Confidentiality AND RESTRICTIVE COVENANT Agreement</u>**

This Confidentiality and Restrictive Covenant Agreement ("***Agreement***") is entered into by and between FullPAC, Inc., and any of its parent, predecessors, successors, subsidiaries and affiliates ("the *"**Company***") and the employee executing this Agreement below ("***Employee***") (each, a "***Party***" and collectively as the "***Parties***"). The Effective Date of this Agreement is the date of Employee's execution of this Agreement. In consideration of the mutual covenants set forth herein and other good and valuable considerations, including for (i) entering into that certain employment agreement between the Company and Employee, (ii) the Company's promise to provide Confidential Information to Employee; (iii) the substantial economic investment made by the Company in the Confidential Information and goodwill of the Company, and the resulting business opportunities disclosed or entrusted to Employee; (iv) access to the clients and suppliers of the Company; and (v) and other benefits provided by the Company to Employee, to protect the Confidential Information and goodwill of the Company, the Parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Confidential Information and Employee's Non-Disclosure Agreement</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Confidential Information</u>. Employee acknowledges that Employee has received and will continue to receive Confidential Information of the Company. During Employee's employment with the Company, the Company agrees to provide Employee otherwise prohibited access to certain Confidential Information (defined below) of the Company, to which Employee has not previously had access, which is not known to the Company's competitors or within the Company's industry generally, which was developed by the Company over a long period of time and/or at its substantial expense, and which is of great competitive value to the Company. For purposes of this Agreement "***Confidential Information***" includes trade secrets or confidential information of the Company or that Employee received during Employee's employment with the Company, including, without limitation: customer, referral source, business partner, investor, supplier, and/or vendor identity, contact, preferences, upcoming needs, buying habits, key purchasing personnel identities, lists, databases, and/or other information and/or history; contracts; processes; technical data; pricing, costs, margin, marketing, sales, business, and/or financial information, strategies, studies, analysis, plans or practices; designs; testing results; business and/or training manuals; any original works of authorship by the Company; or other business information disclosed to Employee by the Company, either directly or indirectly, in writing, orally, or by drawings or observation. Confidential Information does not include any information which is generally available to and known by the public as of the Effective Date of this Agreement or becomes generally available to and known by the public (other than as a result of Employee's breach of this Agreement or any other agreement or obligation to keep such information confidential). Employee understands and agrees that the Company is not required to provide Employee with all of the types of Confidential Information listed in the preceding sentence, but that the Company will provide Employee with access to some of these types of Confidential Information in a manner and at a time in the Company's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Non-Disclosure</u>. Employee acknowledges and agrees that the Company owns the Confidential Information. In exchange for the Company's promise to provide Employee with Confidential Information, Employee shall not, during the period of Employee's employment or at any time thereafter, take, disclose, publish, use, or exploit or solicit, allow or assist another person to use, take, disclose, publish or exploit any Confidential Information, regardless of whether such Confidential Information was provided to Employee before or after the Effective Date, except as: (a) required in the ordinary course of the Company's business directly related to Employee's employment with the Company and for the benefit of the Company; (b) required by law; or (c) authorized by the Company in writing signed by an authorized representative. Employee agrees to preserve and protect the confidentiality of all Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>No Conflict with Laws</u>. Employee is hereby notified in accordance with the Defend Trade Secrets Act of 2016 that Employee will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If Employee files a lawsuit for retaliation against the Company for reporting a suspected violation of law, Employee may disclose the Company's trade secrets to Employee's attorney and use the trade secret information in the court proceeding if Employee files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. Notwithstanding any other provision of this Agreement, Employee may disclose Confidential Information when (i) reporting possible violations of laws to; (ii) filing a charge or claim with; (iii) assisting or testifying in an investigation, hearing, or proceeding by; or (iv) when required to do so by, a court of competent jurisdiction, any governmental agency having authority over Employee or the business of the Company, or any administrative body (e.g., the U.S. Equal Employment Opportunity Commission or state or local equivalent) or legislative body (including a committee thereof) with jurisdiction to order Employee to divulge Confidential Information, subject to Employee's notice requirements set forth hereunder to the extent permitted by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Return of the Company Property</u>. Upon request by the Company at any time or upon the termination of Employee's employment for any reason, Employee shall immediately return and deliver to the Company any and all Confidential Information and all other the Company documents and items – whether in hard or digital form – and all copies thereof which belong to the Company or relate to any of the Companies' business and which are in Employee's possession, custody, or control, whether prepared by Employee or others. Employee agrees that Employee will not alter any item of the Company property prior to returning it to the Company, including, without limitation, by not deleting any item of the Company property from any the Company computer, cellular phone, or other device before returning it to the Company. Employee further agrees that, after Employee provides a copy of any such item of the Company property to the Company, Employee agrees to immediately perform a complete deletion and permanent removal of any item relating to the Company's business from any computer, cellular phone or other device owned by Employee, including all associated accounts, cloud backups, and other media storage, and upon request by the Company, provide satisfactory confirmation of compliance with this provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Restrictive Covenants</u>**. Employee recognizes and agrees that: (i) the Company has devoted a considerable amount of time, effort, and expense to develop its Confidential Information, trade secrets, business and customer goodwill, and commercial relationships with customers, vendors, employees, suppliers and referral sources (collectively "***the Company Goodwill***"); (ii) the Confidential Information, trade secrets, and the Company Goodwill are valuable assets to the Company and give the Company a competitive advantage over others who do not have this information; and (iii) any unauthorized use or disclosure of the Company's Confidential Information and/or damage to the Company Goodwill would cause irreparable harm to the Company for which there is no adequate remedy at law. For these reasons, Employee agrees that to protect the Company's Confidential Information, trade secrets, and the Company Goodwill, it is necessary and reasonable to enter into the following restrictive covenants:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Non-Competition</u>. During Employee's employment with the Company and for a period of twenty-four (24) months after Employee's employment with the Company ceases for whatever reason, Employee, either individually or as a principal, director, officer, partner, manager, contractor, employee, lender, investor, consultant, agent, volunteer or in any other manner or capacity whatsoever, shall not, and shall not use any Confidential Information to, directly or indirectly become employed by, invest in, finance, advise, endorse, perform services for, or otherwise engage in any capacity with a business or enterprise that engages in a Competing Business (defined below) in the states in which the Company currently does business and any additional states that the Company does business in while Employee is employed by the Company. Employee further agrees that during Employee's employment with the Company, Employee shall not be employed by, provide any services to, or work on any basis for any Competing Business. Employee further agrees that during and after Employee's employment with the Company Employee will not breach any of Employee's fiduciary duties to the Company. For purposes of this Agreement, the term "***Competing Business***" means any business, individual, partnership, firm, corporation or other entity that is competing or that is preparing to compete with any aspect of the Company's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Non-Solicitation</u>. During Employee's employment with the Company and for a period of twenty-four (24) months after Employee's employment with the Company ceases for whatever reason, Employee, either individually or as a principal, director, officer, partner, manager, contractor, employee, lender, investor, consultant, agent, volunteer or in any other manner or capacity whatsoever, shall not, and shall not use any Confidential Information to, directly or indirectly, whether personally or through other persons, (i) call upon, visit, solicit business from, interfere with, attempt to solicit business from, interfere with, or do business with any customer, client, partner, source, investor or other party, individual or entity with whom the Company does or has done business ("***Client***"); or (ii) attempt to influence, encourage, persuade, or induce any Client to reduce the extent of its business dealings with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Non-Recruitment</u>. During Employee's employment with the Company and for a period of twenty-four (24) months after Employee's employment with the Company ceases for whatever reason, Employee, either individually or as a principal, director, officer, partner, manager, contractor, employee, lender, investor, consultant, agent, volunteer or in any other manner or capacity whatsoever, shall not, and shall not use any Confidential Information to, directly or indirectly hire, solicit or recruit, or attempt to hire, solicit or recruit, or encourage to leave or otherwise terminate an employee's employment, relationship, or engagement with the Company, any individual who is an employee, member, partner or independent contractor of the Company or who was an employee, member, partner or independent contractor of the Company within the twelve (12) month period prior to Employee's separation from employment with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Ownership and Assignment of Developments</u>. Employee hereby agrees to (i) assign to the Company any Developments and all rights therein, including all patents, copyrights, and other intellectual property rights, and waive all moral rights therein (to the extent legally permissible), and (ii) execute all documents and take all other actions reasonably requested by the Company to evidence, perfect, or maintain the Company's ownership of the Developments. As used in this Agreement, "***Developments***" means all inventions, works of authorship, work product and improvements, whether or not patentable or copyrightable, created, conceived, acquired, developed or made by Employee before, on or after the date hereof, either solely or jointly, while in the employ of the Company and that: (i) relate at the time of conception or reduction to practice to the business or actual or anticipated research or development of the Company or predecessors; (ii) result from any work performed by Employee for the Company's predecessors; or (iii) were created or otherwise developed on the Company's time or with the use of any equipment, supplies, facilities, or Confidential Information of the Company (or any predecessors of the foregoing). All Developments shall be the property and intellectual property of the Company and are "works made for hire" for purposes of the Company's rights under copyright laws. Employee will not use any information or materials that Employee owns ("***Personal Materials***") when performing work for the Company, but to the extent that Employee does provide Personal Materials to the Company or uses Personal Materials in connection with Employee's work for the Company, Employee hereby grants Company and its affiliates a non-exclusive, perpetual, irrevocable, royalty free, fully paid, worldwide, sublicensable, transferable license to use, practice, make, have made, reproduce, modify, create derivative works from, display, and sell any such Personal Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Non-Disparagement</u>. During Employee's employment with the Company and any time thereafter, Employee shall not make, publish, or otherwise transmit any false, disparaging or defamatory statements, whether written or oral, regarding the Company and any of its employees, members, agents, investors, procedures, investments, products, policies, or services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Tolling</u>. If Employee violates any of the covenants contained in this <u>Section 2</u>, the restricted period applicable to such covenant(s) shall be suspended and shall not run in favor of Employee from the time of the commencement of such violation until the time that Employee cures the violation to the satisfaction of the Company; the period of time in which Employee is in breach shall be added to the restricted period applicable to such covenant(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Reasonableness</u>. Employee hereby represents to the Company that Employee has read and understands, and agrees to be bound by, the terms of <u>Section 1</u> and <u>Section 2</u>. Employee acknowledges that the scope and duration of the covenants contained therein are fair and reasonable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>Remedies</u>**. Employee acknowledges that the restrictions and covenants contained in <u>Section 1</u> and <u>Section 2</u>, in view of the nature of the Company's business and Employee's position with the Company, are reasonable and necessary to protect the Company's legitimate business interests, goodwill and reputation, and that any violation of <u>Section 1</u> or <u>Section 2</u> would result in irreparable injury and continuing damage to the Company, and that money damages would not be a sufficient remedy to the Company for any such breach or threatened breach. Therefore, Employee agrees that the Company shall be entitled to injunctive relief, without the necessity of establishing irreparable harm or the posting of a bond, and to recover damages and attorneys' fees, costs, and expenses from Employee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **<u>No Previous Restrictive Agreements</u>**. Employee represents that, except as disclosed to the Company in writing, Employee is not bound by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any confidential, proprietary or trade secret information in the course of Employee's employment with the Company or that contains any non-competition, non-solicitation and/or non-recruitment obligations. Employee further represents that the performance of Employee's job duties for the Company does not and will not violate or breach any agreement with any previous employer or other party, or any legal obligation that Employee may owe to any previous employer or other party, including, without limitation, any non-disclosure, non-competition, non-solicitation and/or non-recruitment obligations. Employee shall not disclose to the Company or induce the Company to use any confidential, proprietary or trade secret information belonging to any previous employer or others.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>Affiliates</u>**. For the purposes of this Agreement, any references to the Company shall be interpreted as broadly as possible and include, without limitation, its parent, and any predecessors, successors, and affiliates of the Company, and its members, officers and directors, and any other individual, corporation, limited liability company, partnership, firm, joint venture, association, joint-stock company, trust, unincorporated organization, governmental body or other entity directly or indirectly through one or more intermediaries, is controlled by, or is under common control with, the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>Notice</u>**. If Employee, in the future, seeks or is offered employment, or any other position or capacity with another company, entity or person, Employee agrees to inform each such company, entity or person of the existence of the restrictions in <u>Section 1</u> and <u>Section 2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **<u>Reformation and Severability</u>**. If any provision of this Agreement is found by a court of competent jurisdiction to be unreasonable, or overly broad as to geographic area or time, or otherwise unenforceable, the Parties intend for the restrictions herein set forth to be modified by the court making such determination, to the minimum extent required, so as to be reasonable and enforceable and, as so modified, to be fully enforced. In the event that any court of competent jurisdiction holds any provision in this Agreement to be invalid, illegal, or unenforceable in any respect, and does not reform that provision to make it enforceable, the remaining provisions shall not be affected or invalidated and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **<u>Binding Effect of Agreement and Assignment</u>**. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, successors, legal representatives and permitted assigns. Employee may not assign this Agreement to a third party. The Company may assign its rights, together with its obligations hereunder, to any affiliate and/or subsidiary of the Company or any successor thereto or any purchaser of substantially all of the assets of the Company, without Employee's consent and without advance notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **<u>Survival</u>**. Employee agrees that Employee's obligations under this Agreement shall continue in effect after the termination of Employee's employment, regardless of the reason(s) for termination, and whether such termination is voluntary or involuntary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement between the Parties concerning the subject matter of this Agreement, and fully supersedes any and all prior agreements, understanding or representations between the Parties pertaining to or concerning the subject matter of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **<u>Controlling Law and Venue</u>**. This Agreement shall be governed by and construed under the laws of Nevada without regard to its or any other state's or jurisdiction's conflicts of laws doctrine, which the Parties hereby expressly waive. In the event of any dispute regarding this Agreement, the Parties hereby irrevocably agree to submit to the exclusive jurisdiction of the state and federal courts situated in Nevada, and each Party agrees that it shall not challenge personal or subject matter jurisdiction in such courts. The Parties also hereby waive any right to trial by jury in connection with any litigation or disputes under or in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **<u>Execution in Multiple Counterparts</u>**. This Agreement may be executed in multiple counterparts, whether or not all signatories appear on these counterparts, and each counterpart shall be deemed an original for all purposes.

[Signature Pages Follow]

**The signatures below indicate that the Parties have read, understand and will comply with this Agreement.**

---

| | |
|:---|:---|
| **EMPLOYEE:** | Signature: |
|  | Printed Name: |
|  | Date: |

---

---

| | |
|:---|:---|
| **THE COMPANY:** | FullPAC, INC. |
|  | Signature: |
|  | Name: |
|  | Title: |
|  | Date: |

---

***[Signature Page to RCA]***

## Add

**Exhibit 6.6**

**[ ], 2025**

[ ]

**RE: Offer of Appointment**

Dear [ ]:

I am pleased to inform you that the current Board of Directors (the "Board") of FullPAC, Inc. (the "Company") has voted unanimously to extend a formal offer for you to join the Company's Board as a director and as the chair of the [ ] committee of the Board.

This offer is made pursuant to the Nevada Revised Statues and the Company's Articles of Incorporation (the "Charter").

Your appointment, after receipt of your acceptance by execution and delivery of the attached "Acknowledgement, Certification and Acceptance of Appointment to Board of Directors" form attached hereto as <u>Exhibit A</u> ("Acknowledgement"), will take effect upon the Company completing its listing on a national exchange (the "Effective Date"). The term of your directorship will be until such time that (i) your successor is elected, or (ii) until your earlier resignation or removal pursuant to the Company's Charter.

**<u>GOVERNANCE REQUISITES AND CONDITIONS</u>.**

The Company intends for your position to be that of an Independent Director under the standards of the New York Stock Exchange and the Nasdaq Capital Market (collectively, "Exchanges"). Upon confirmation of your acceptance of this appointment, there will be five people serving on the Company's Board on the Effective Date. Under the Exchange rules, no less than a majority of the members of the Board must meet the requisites for "independence."

Under the Company's Charter, the Board has full control over the affairs of the Company.

The Board further operates within the delegated authority of other Board commissioned committees, each subject to the requirements of a Board adopted Charter. Currently, the Board has adopted Charters for the following Committees: (i) Audit Committee; (ii) Compensation Committee; and the (iii) Nominating & Corporate Governance Committee. The Committee Charters will be sent to you for reference by separate email submission.

**<u>REMUNERATION</u>.**

The Compensation Committee has deemed it in the best interest of the Company to grant you the following compensation:

● $[ ] per month, beginning on the execution date of this document through the Effective Date as compensation for service as an advisor;

● [ ] restricted shares of the Company's common stock each quarter, beginning on the execution date of this document through the Effective Date as compensation for service on the advisory board;

● $[ ] per month, beginning on the Effective Date, which includes payment for board service and service as chair on one committee;

● [ ] restricted shares of the Company's common stock, which shares shall vest in [ ] share increments every quarter, beginning on the Effective Date; and

● Qualified expense reimbursements.

**<u>MEETING SCHEDULE AND LOGISTICS</u>.**

Board Meeting logistics will be a combination of electronic (e.g. Zoom calls) and in-person gatherings. We anticipate that most of the Board meetings will be held virtually with the possibility of one in-person meeting per year. Board Meetings will initially be scheduled on a regular basis, adjusting as needed.

Please let me know if you have any questions or comments regarding the foregoing.

We fully anticipate that your leadership skills and track record of success will significantly enhance the gravitas of the Board as it continues to seek to advance the potential of our Company on a global basis.

---

| |
|:---|
| Sincerely, |
| Travis Trawick |
| Chairman |

---

Board Position Acknowledgement ([ ])

**<u>EXHIBIT A</u>**

------

**ACKNOWLEDGEMENT, CERTIFICATION AND ACCEPTANCE OF APPOINTMENT TO BOARD OF DIRECTORS**

------

**I, [ ], hereby acknowledge, declare and certify as follows:**

 ****

1. I agree to accept an appointment, and to serve on, the Board of Directors of the Company, to commence upon the Company's acceptance to trade on a national stock exchange.

2. I acknowledge that the Company is governed by its Certificate of Incorporation, as well as various policies, procedures and protocols regarding the governance of the Company (collectively and as may be amended, the "Governing Documents").

3. I agree to comply with and be bound by: (i) the Governing Documents currently in force, (and any amendments thereto) or (ii) any additional documents that may be adopted by the Board of Directors in the future (collectively, the "Amended Governing Documents").

4. I agree to undertake my duties as a Director of the Company in compliance with the Governing Documents, the Amended Governing Documents and applicable law.

5. I agree that all actions I take, and any vote I cast, as a Director of the Company shall be made in accordance with the Governing Documents, Amended Governing Documents and applicable law.

6. I acknowledge that a failure to act according to the provisions of the Governing Documents, the Amended Governing Documents, or applicable law shall: (i) constitute a violation of my duties as a Director; (ii) be sufficient grounds for my removal as a Director of the Company and (iii) may, under certain circumstances, result in personal liability for such violative acts.

7. This Certification is executed and delivered for the express benefit of the Corporation, its wholly owned subsidiaries, and may further be relied on by all professional advisors of the Corporation.

Executed as of _____ 2025.

By: ________________________

Printed Name: [ ]

Board Position Acknowledgement ([ ])

## Add

**Exhibit 6.7**

[Letterhead of Birdneck Office Suites]

June 24, 2025

Travis Trawick

Full PAC. Inc.

[\*\*]

Virginia Beach. VA 23451

Dear Travis:

Enclosed is the Agreement between Birdneck Office Suites and Full PAC, Inc. **Please sign each original and return <u>one</u>** to me with a check in the amount of **<u>$1,480.00</u>** made payable to Birdneck Office Suites. The amount due will be as follows:

---

| | |
|:---|:---|
| 695.00 | July 2025 Rent |
| 695.00 | Security Deposit |
| 90.00 | Internet Connection (Includes Router) |
| $1.480.00 | Amount Due |

---

The rent amount for **<u>Suite 201-o</u>** is **<u>$695.00</u>** per month. This amount is automatically due beginning August 1, 2025, any payment received after the 7th of each month will accrue a late charge.

Thank you in advance for selecting Birdneck Office Suites as the location for your office. We look forward to working with you. Please contact me if you have any questions.

Sincerely.

/s/ Starr Griffin<br> Starr Griffin<br> Office Manager

Enclosures

—

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

THIS AGREEMENT, made this **<u>23rd</u>** day of **<u>June 2025</u>** between **CLUB FOREST BIRDNECK SUITES, LLC, t/a BIRDNECK OFFICE SUITES** (the "Provider") and **<u>Full PAC, Inc.</u>** (the "Tenant").

WITNESSETH:

WHEREAS, the Provider leases certain office space known as Suite 201 at 1206 Laskin Road in Virginia Beach, Virginia; said office space containing a total of approximately 5,565 square feet (hereinafter referred to as "Suite 201"), pursuant to a Deed of Lease, **dated December 1, 2023, between Provider and CLUB FOREST LASKIN, a Virginia Limited Liability Company, ("Landlord)** (the "Prime Lease Agreement"); and

WHEREAS, the Provider desires to lease to the Tenant a portion of Suite 201 for general office use and to provide other services to the Tenant pursuant to the terms of this Agreement: and

WHEREAS, the Tenant desires to lease a portion of Suite 201 from the Provider and to permit Tenant to utilize certain other services provided by the Provider pursuant to the terms of this Agreement.

NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Provider and the Tenant do hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Demise of Premises: Rent</u>. The Provider subleases to Tenant and Tenant rents from the Provider the Premises, as hereinafter defined, on a **<u>six-month</u>** basis beginning **<u>01 July 2025</u>** and continuing thereafter until this Agreement is terminated as hereinafter provided. This Agreement shall automatically renew for subsequent **<u>six-month</u>** periods unless terminated upon sixty (60) days' prior written notice given by either party to the other.

The term "Premises" as used herein, shall mean a portion of Suite 201 more particularly identified as Suites **<u>201-o</u>** and identified as outlined in red on <u>Exhibit A</u> attached hereto and made a part hereof. The Premises are being provided to the Tenant on a furnished / unfurnished basis. If furnishings are provided by the Provider to the Tenant under this Agreement, the furnishings so provided are set forth on <u>Exhibit B</u> attached hereto and made a part hereof.

Rent for the Premises is **<u>$695.00</u>** per month, payable in advance on the first day of each month without notice or billing commencing **<u>01 July 2025</u>**. Upon execution and delivery of this Agreement, Tenant shall pay and Provider acknowledges receipt of the first month's rent, calculated as provided in the next sentence. If the term of this Agreement commences on a day other than the first day of the month, the first month's rent shall be prorated based on the number of days remaining in the first month of the term of this Agreement. Rent due under this Agreement shall increase **<u>three</u>** percent (**<u>3%</u>**) each year beginning 01 July 2026. A five percent (5%) late charge will apply to all rent due hereunder not paid within seven (7) days of the rental due date and all past due amounts will accrue interest at fifteen percent (15%) per annum from their due date until payment is received by the Provider. Tenant also agrees the Provider reserves the right to discontinue any of the services provided to the Tenant if the rent becomes delinquent. Tenant also agrees to pay all reasonable attorneys' fees, should the Provider engage a lawyer to assist in collecting past due rent. Provider holds the right to relocate Tenant to another Suite within Birdneck Office Suites at Provider's expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Use</u>. The Premises are to be used for general office operations of Full PAC, Inc. and for no other business or purpose without the written consent of the Provider.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Security Deposit.</u> The Provider acknowledges that it has received a security deposit in the amount of **<u>$695.00</u>** from the Tenant which the Provider agrees to return to the Tenant if and only if the Tenant satisfactorily complies with all of the terms and conditions of this Agreement and delivers up to the Provider the Premises in good condition and repair, subject to normal wear and tear. The Provider reserves the right to withhold all or any portion of the aforesaid security deposit to repair damage or loss to the Premises and furnishings, if any, not resulting from normal wear and tear. Security deposit will not be returned until the last billing period and last invoice is issued and paid, and after walk through and Tenant Termination form have been completed (usually within 45 days). **Security deposit may <u>not</u> be applied to the last month's rent.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Services Included</u>. The Provider agrees to make available to the Tenant the following services at no additional charge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Kitchen usage;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Coffee service for Tenants only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Conference room usage:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Janitorial service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Services Available at Additional Charges to Tenant.</u> Provider agrees to make available to the Tenant additional services at an additional charge to the Tenant. such services including, but not being limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Notary services; at BOS employees' discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Mailing and overnight delivery services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Secretarial services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Copy service; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Fax service.

The aforesaid additional services and any other services provided by the Provider to the Tenant at additional charge will be billed monthly by the Provider to the Tenant in accordance with the Provider's then current fee schedule. The Provider reserves the right to modify the fee schedule at any time during the term of this Agreement. The Provider agrees to make available to the Tenant, upon request. a copy of its current fee schedule for the foregoing services. Any invoices for services not paid within fifteen (15) days of billing will accrue interest at eighteen percent (18%) per annum from their due date until payment is received by the Provider. Tenant also agrees to pay all reasonable attorneys' fees, should the Provider engage a lawyer to assist in collecting of past due invoices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Equipment - Copiers/Postage Meters</u>. Tenant is not permitted to have photocopy or postage meter machines in its office; however, 3-in-1 desktop machines (printer/scan/fax) are allowed. Tenant will be provided with an account number for the Provider's photocopier/postage meter machine and will be billed monthly for its use. If Tenant desires to lease / own a large, high volume copier / scanner / fax a $75.00 monthly charge will apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>No Assignment or Subletting.</u> The Tenant shall not assign this Agreement or any interest herein nor allow any person to occupy, or use the Premises or any part thereof, without first obtaining the Provider's written consent thereto. Consent by the Provider to one assignment, sublease, or occupancy or use shall not be a consent to any subsequent assignment or sublease. or to any occupancy or use by another person. Any unauthorized assignment or sublease shall be void, and shall terminate this Agreement at Provider's option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Tenant's Default: Remedies</u>. The Tenant's failure to comply with the terms and conditions of this Agreement, the Tenant's failure to pay the monthly rental required hereunder, the Tenant's abandonment of the Premises or Tenant [or any guarantor of this Lease] files a petition under any chapter of the United States Bankruptcy Code, as amended, or under any similar law or statute of the United States or any state, or a petition is filed against Tenant [or any such guarantor] under any such statute and not dismissed with prejudice within twenty (20) days of filing, or a receiver or trustee is appointed for Tenant's leasehold estate or for any substantial part of the assets of Tenant [or any such guarantor] and such appointment is not dismissed with prejudice within sixty (60) days, or Tenant [or any such guarantor] makes an assignment for the benefit of creditors shall give Provider, in addition to all other rights and remedies which the Provider may have at law or in equity, the right to declare an immediate termination of this Agreement in its entirety by written notice to the Tenant at the Premises, and to re-enter and reclaim the Premises for Provider's benefit and protection. The Tenant shall have ten (10) days from receipt of Provider's notice of termination to remedy the breach, provided that said breach does not result from Tenant's abandonment of the Premises.

Additionally, in the case of nonpayment of the monthly rent, or in the case the Premises shall be abandoned by the Tenant, the Provider or his agent shall have the right to enter the Premises at once either by force or otherwise, and change the locks without being liable to any prosecution therefor, and to distrain for rent, and also to re-let the Premises as agent for the Tenant for any unexpired balance of the term and to receive the rent therefor. The Tenant also agrees that all of Tenant's personal property and fixtures at the Premises shall be liable to distress for rent, and waives the benefit of all laws exempting any of its property from levy and sale either on distress for said rent or on judgment obtained in a suit therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Utilities.</u> The Provider shall be responsible for payment of all utilities except Tenant's telephone installation, internet, and telephone services, during the term of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Provider's Access.</u> The Provider shall be given free access to the Premises for the purpose of making necessary repairs or maintenance to the Premises.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Notices</u>. Notice to the parties shall be deemed effective when mailed, certified mail, return receipt requested, to the parties at the following addresses, or such other addresses as they may designate in writing:

Provider:

CLUB FOREST BIRDNECK SUITES, LLC<br> t/a Birdneck Office Suites<br> 1206 Laskin Road, Suite 201<br> Virginia Beach, Virginia 23451

Tenant:

Travis Trawick<br> Full PAC, Inc.<br> [\*\*]<br> Virginia Beach. VA 23451<br> [\*\*]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Agreement Not To Violate Prime Lease Agreement</u>. Tenant acknowledges the Prime Lease Agreement and agrees not to take any action or omit to take any action which would cause the Provider to be in default under the Prime Lease Agreement. If Tenant abides by all stipulations set forth in this Agreement. Tenant will not violate the Prime Lease Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Non-Competition</u>. The Tenant agrees not to operate any business or undertake any business activity that competes with the office services offered by the Provider during the term of this Agreement. The Tenant agrees not to interfere with the Provider's relationship with its employees and agrees that in the event Tenant desires to engage additional secretarial or administrative support that it will do so through the Provider and not directly with the Provider's employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Indemnification</u>. The Tenant shall indemnify the Provider against all costs. expenses, charges, injuries, and damages sustained or incurred as the result of any breach by the Tenant, or its agents. servants, employees, visitors or licensees or as the result of any fault. negligence or improper conduct of the Tenant, or its agents, servants, employees, visitors or licensees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Keys</u>. The Tenant will be responsible for returning all keys to the Premises to the Provider prior to vacating the Premises. The Tenant authorizes the Provider to deduct from the existing Security Deposit $30.00 for each office key not returned to the Provider. If Tenant does not return each Building/Suite key, the entire building will need to be rekeyed and the Tenant's existing Security Deposit will be forfeited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Returned Checks</u>. A fee of $75.00 will be charged for any returned checks. Any amount due as a result of a returned check must be paid to the Provider within seven (7) days after notification that the check has been returned. The amount due, including the $75.00 returned check charge, must be paid by cash or cashier's check.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Liability Insurance</u>. The Tenant shall be responsible for all loss or damage to any personal property of Tenant located at the Premises. The Tenant shall provide to the Provider evidence of general liability insurance satisfactory to Provider insuring Tenant for liability for personal injury or damage to property and hazard insurance insuring loss or damage to any of Tenant's personal property located at the Premises.

18<u>. Addenda</u>. The list of addenda is:

Exhibit A: Premises Outline

Exhibit B: Listing of Furnishings

---

| | |
|:---|:---|
| **PROVIDER**: | **PROVIDER**: |
| CLUB FOREST BIRDNECK SUITES LLC | CLUB FOREST BIRDNECK SUITES LLC |
| t/a BIRDNECK OFFICE SUITES | t/a BIRDNECK OFFICE SUITES |
| By: | */s/ Starr Griffin* |
| Office Manager | Office Manager |
| TENANT: | TENANT: |
| Full PAC, Inc. | Full PAC, Inc. |
| By: | */s/ Travis Trawick* |
|  | Travis Trawick |
|  | [\*\*]<br>|

---

<u>GUARANTY</u>

The undersigned hereby guarantee the prompt payment, when due, of all rent and other charges owed by Tenant hereunder and to perform promptly all other obligations of Tenant as set forth in this Agreement. This is a guaranty of payment and not of collection. Each guarantor expressly waives any right to require that any action be brought by the Provider against the Tenant or any other guarantor or to require that resort be had to any security.

---

| |
|:---|
| */s/ Travis Trawick* |
| Travis Trawick |
| [\*\*] |

---

<u>Exhibit A</u>

[*Premises Outline*]

**EXHIBIT B. LIST OF FURNISHINGS**

1. Manager's Chair

2. File Cabinet

3. Bookcase

## Add

**Exhibit 6.8**

**FULLPAC, INC.**

**2025 LONG-TERM INCENTIVE PLAN**

The FullPAC, Inc. 2025 Long-Term Incentive Plan (the "***Plan***") was adopted by the Board of Directors of FullPAC, Inc., a Nevada corporation (the "***Company***"), effective as of August 19, 2025 (the "***Effective Date***"), subject to approval by the Company's stockholders.

**Article 1.<br> PURPOSE**

The purpose of the Plan is to attract and retain the services of key Employees, key Contractors, and Outside Directors of the Company and its Subsidiaries and to provide such persons with a proprietary interest in the Company through the granting of Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Awards, Dividend Equivalent Rights, and Other Awards, whether granted singly, or in combination, or in tandem, that will:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase the interest of such persons in the Company's welfare;

&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) furnish an incentive to such persons to continue their services for the Company or its Subsidiaries; 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;(c) provide a means through which the Company may attract able persons as Employees, Contractors, and Outside Directors.

With respect to Reporting Participants, the Plan and all transactions under the Plan are intended to comply with all applicable conditions of Rule 16b-3 promulgated under the Exchange Act. To the extent any provision of the Plan or action by the Committee fails to so comply, such provision or action shall be deemed null and void *ab initio*, to the extent permitted by law and deemed advisable by the Committee.

**Article 2.<br> DEFINITIONS**

For the purpose of the Plan, unless the context requires otherwise, the following terms shall have the meanings indicated:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 "***Applicable Law***" means all legal requirements relating to the administration of equity incentive plans and the issuance and distribution of shares of Common Stock, if any, under applicable corporate laws, applicable securities laws, the rules of any exchange or inter-dealer quotation system upon which the Company's securities are listed or quoted, the rules of any foreign jurisdiction applicable to Incentives granted to residents therein, and any other applicable law, rule or restriction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 "***Authorized Officer***" is defined in <u>Section 3.2(b)</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 "***Award***" means the grant of any Incentive Stock Option, Nonqualified Stock Option, Restricted Stock, SAR, Restricted Stock Unit, Performance Award, Dividend Equivalent Right, or Other Award, whether granted singly or in combination or in tandem (each individually referred to herein as an "***Incentive***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 "***Award Agreement***" means a written agreement between a Participant and the Company which sets out the terms of the grant of an Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 "***Award Period***" means the period set forth in the Award Agreement during which one or more Incentives granted under an Award may be exercised.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 "***Board***" means the board of directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 "***Change in Control***" means any of the following, except as otherwise provided herein: (a) any consolidation, merger or share exchange of the Company in which the Company is not the continuing or surviving corporation or pursuant to which shares of the Company's Common Stock would be converted into cash, securities or other property, other than a consolidation, merger or share exchange of the Company in which the holders of the Company's Common Stock immediately prior to such transaction have the same proportionate ownership of Common Stock of the surviving corporation immediately after such transaction; (b) any sale, lease, exchange or other transfer (excluding transfer by way of pledge or hypothecation) in one transaction or a series of related transactions, of all or substantially all of the assets of the Company; (c) the stockholders of the Company approve any plan or proposal for the liquidation or dissolution of the Company; (d) the cessation of control (by virtue of their not constituting a majority of directors) of the Board by the individuals (the "***Continuing Directors***") who (x) at the date of this Plan were directors or (y) become directors after the date of this Plan and whose election or nomination for election by the Company's stockholders was approved by a vote of at least two-thirds (2/3<sup>rds</sup>) of the directors then in office who were directors at the date of this Plan or whose election or nomination for election was previously so approved; (e) the acquisition of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of an aggregate of fifty percent (50%) or more of the voting power of the Company's outstanding voting securities by any person or group (as such term is used in Rule 13d-5 under the Exchange Act) who beneficially owned less than fifty percent (50%) of the voting power of the Company's outstanding voting securities on the date of this Plan; <u>provided</u>, <u>however</u>, that notwithstanding the foregoing, an acquisition shall not constitute a Change in Control hereunder if the acquirer is (x) a trustee or other fiduciary holding securities under an employee benefit plan of the Company and acting in such capacity, (y) a Subsidiary of the Company or a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of voting securities of the Company or (z) any other person whose acquisition of shares of voting securities is approved in advance by a majority of the Continuing Directors; or (f) in a Title 11 bankruptcy proceeding, the appointment of a trustee or the conversion of a case involving the Company to a case under Chapter 7.

Notwithstanding the foregoing provisions of this <u>Section 2.7</u>, if an Award issued under the Plan is subject to Section 409A of the Code, then an event shall not constitute a Change in Control for purposes of such Award under the Plan unless such event also constitutes a change in the Company's ownership, its effective control or the ownership of a substantial portion of its assets within the meaning of Section 409A of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 "***Claim***" means any claim, liability or obligation of any nature, arising out of or relating to this Plan or an alleged breach of this Plan or an Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 "***Code***" means the United States Internal Revenue Code of 1986, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 "***Committee***" means the committee appointed or designated by the Board to administer the Plan in accordance with <u>Article 3</u> of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 "***Common Stock***" means the common stock, par value $0.0001 per share, which the Company is currently authorized to issue or may in the future be authorized to issue, or any securities into which or for which the common stock of the Company may be converted or exchanged, as the case may be, pursuant to the terms of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 "***Company***" means FullPAC, Inc., a Nevada corporation and any successor entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 "***Contractor***" means any natural person (or a wholly owned alter ego entity of the natural person providing such services of which such person is an employee, stockholder, or partner), who is not an Employee, rendering *bona fide* services to the Company or a Subsidiary, with compensation, pursuant to a written independent contractor agreement between such person and the Company or a Subsidiary, provided that such services are not rendered in connection with the offer or sale of securities in a capital raising transaction and do not directly or indirectly promote or maintain a market for the Company's securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 "***Corporation***" means any entity that (a) is defined as a corporation under Section 7701 of the Code and (b) is the Company or is in an unbroken chain of corporations (other than the Company) beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing a majority of the total combined voting power of all classes of stock in one of the other corporations in the chain. For purposes of clause (b) hereof, an entity shall be treated as a "corporation" if it satisfies the definition of a corporation under Section 7701 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.15 "***Date of Grant***" means the effective date on which an Award is made to a Participant as set forth in the applicable Award Agreement; provided, however, that solely for purposes of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder, the Date of Grant of an Award shall be the date of stockholder approval of the Plan if such date is later than the effective date of such Award as set forth in the Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.16 "***Dividend Equivalent Right***" means the right of the holder thereof to receive credits based on the cash dividends that would have been paid on the shares of Common Stock specified in the Award if such shares were held by the Participant to whom the Award is made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17 "***Employee***" means a common law employee (as defined in accordance with the Regulations and Revenue Rulings then applicable under Section 3401(c) of the Code) of the Company or any Subsidiary of the Company; provided, however, in the case of individuals whose employment status, by virtue of their employer or residence, is not determined under Section 3401(c) of the Code, "Employee" shall mean an individual treated as an employee for local payroll tax or employment purposes by the applicable employer under Applicable Law for the relevant period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18 "***Exchange Act***" means the United States Securities Exchange Act of 1934, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19 "***Exercise Date***" is defined in <u>Section 8.3(b)</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20 "***Exercise Notice***" is defined in <u>Section 8.3(b)</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.21 "***Fair Market Value***" means, as of a particular date, (a) if the shares of Common Stock are listed on any established national securities exchange, the closing sales price per share of Common Stock on the consolidated transaction reporting system for the principal securities exchange for the Common Stock on that date (as determined by the Committee, in its discretion), or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported; (b) if the shares of Common Stock are not so listed, but are quoted on an automated quotation system, the closing sales price per share of Common Stock reported on the automated quotation system on that date, or, if there shall have been no such sale so reported on that date, on the last preceding date on which such a sale was so reported; (c) if the Common Stock is not so listed or quoted, the mean between the closing bid and asked price on that date, or, if there are no quotations available for such date, on the last preceding date on which such quotations shall be available, as reported by OTCQX, OTCQB or OTC Pink (Pink Open Market); or (d) if none of the above is applicable, such amount as may be determined by the Committee (acting on the advice of an Independent Third Party, should the Committee elect in its sole discretion to utilize an Independent Third Party for this purpose), in good faith, to be the fair market value per share of Common Stock. The determination of Fair Market Value shall, where applicable, be in compliance with Section 409A of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22 "***Immediate Family Members***" is defined in <u>Section 15.8</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.23 "***Incentive***" is defined in <u>Section 2.3</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.24 "***Incentive Stock Option***" means an incentive stock option within the meaning of Section 422 of the Code, granted pursuant to this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25 "***Independent Third Party***" means an individual or entity independent of the Company having experience in providing investment banking or similar appraisal or valuation services and with expertise generally in the valuation of securities or other property for purposes of this Plan. The Committee may utilize one or more Independent Third Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.26 "***Nonqualified Stock Option***" means a nonqualified stock option, granted pursuant to this Plan, which is not an Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.27 "***Option Price***" means the price which must be paid by a Participant upon exercise of a Stock Option to purchase a share of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.28 "***Other Award***" means an Award issued pursuant to <u>Section 6.9</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.29 "***Outside Director***" means a director of the Company who is not an Employee or a Contractor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30 "***Participant***" means an Employee, Contractor or an Outside Director to whom an Award is granted under this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.31 "***Performance Award***" means an Award hereunder of cash, shares of Common Stock, units or rights based upon, payable in, or otherwise related to, Common Stock pursuant to <u>Section 6.7</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.32 "***Performance Goal***" means any of the Performance Criteria set forth in <u>Section 6.1010</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.33 "***Plan***" means this FullPAC, Inc. 2025 Long-Term Incentive Plan, as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.34 "***Reporting Participant***" means a Participant who is subject to the reporting requirements of Section 16 of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.35 "***Restricted Stock***" means shares of Common Stock issued or transferred to a Participant pursuant to <u>Section 6.4</u> of this Plan which are subject to restrictions or limitations set forth in this Plan and in the related Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.36 "***Restricted Stock Units***" means units awarded to Participants pursuant to <u>Section 6.6</u> hereof, which are convertible into Common Stock at such time as such units are no longer subject to restrictions as established by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.37 "***Restriction Period***" is defined in <u>Section 6.4(b)(i)</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38 "***SAR***" or "**S*tock Appreciation Right***" means the right to receive an amount, in cash and/or Common Stock, equal to the excess of the Fair Market Value of a specified number of shares of Common Stock as of the date the SAR is exercised (or, as provided in the Award Agreement, converted) over the SAR Price for such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.39 "***SAR Price***" means the exercise price or conversion price of each share of Common Stock covered by a SAR, determined on the Date of Grant of the SAR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40 "***Spread***" is defined in <u>Section 12.4(b)</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.41 "***Stock Option***" means a Nonqualified Stock Option or an Incentive Stock Option.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.42 "***Subsidiary***" means (a) any corporation in an unbroken chain of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing a majority of the total combined voting power of all classes of stock in one of the other corporations in the chain, (b) any limited partnership, if the Company or any corporation described in item (a) above owns a majority of the general partnership interest and a majority of the limited partnership interests entitled to vote on the removal and replacement of the general partner, and (c) any partnership or limited liability company, if the partners or members thereof are composed only of the Company, any corporation listed in item (a) above or any limited partnership listed in item (b) above. "***Subsidiaries***" means more than one of any such corporations, limited partnerships, partnerships or limited liability companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.43 "***Termination of Service***" occurs when a Participant who is (a) an Employee of the Company or any Subsidiary ceases to serve as an Employee of the Company and its Subsidiaries, for any reason; (b) an Outside Director of the Company or a Subsidiary ceases to serve as a director of the Company and its Subsidiaries for any reason; or (c) a Contractor of the Company or a Subsidiary ceases to serve as a Contractor of the Company and its Subsidiaries for any reason. Except as may be necessary or desirable to comply with applicable federal or state law, a "Termination of Service" shall not be deemed to have occurred when a Participant who is an Employee becomes an Outside Director or Contractor or vice versa. If, however, a Participant who is an Employee and who has an Incentive Stock Option ceases to be an Employee but does not suffer a Termination of Service, and if that Participant does not exercise the Incentive Stock Option within the time required under Section 422 of the Code upon ceasing to be an Employee, the Incentive Stock Option shall thereafter become a Nonqualified Stock Option. Notwithstanding the foregoing provisions of this <u>Section 2.43</u>, in the event an Award issued under the Plan is subject to Section 409A of the Code, then, in lieu of the foregoing definition and to the extent necessary to comply with the requirements of Section 409A of the Code, the definition of "Termination of Service" for purposes of such Award shall be the definition of "separation from service" provided for under Section 409A of the Code and the regulations or other guidance issued thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.44 "***Total and Permanent Disability***" means a Participant is qualified for long-term disability benefits under the Company's or Subsidiary's disability plan or insurance policy; or, if no such plan or policy is then in existence or if the Participant is not eligible to participate in such plan or policy, that the Participant, because of a physical or mental condition resulting from bodily injury, disease, or mental disorder, is unable to perform the Participant's duties of employment for a period of six (6) continuous months, as determined in good faith by the Committee, based upon medical reports or other evidence satisfactory to the Committee; <u>provided that</u>, with respect to any Incentive Stock Option, Total and Permanent Disability shall have the meaning given it under the rules governing Incentive Stock Options under the Code. Notwithstanding the foregoing provisions of this <u>Section 2.44</u>, in the event an Award issued under the Plan is subject to Section 409A of the Code, then, in lieu of the foregoing definition and to the extent necessary to comply with the requirements of Section 409A of the Code, the definition of "Total and Permanent Disability" for purposes of such Award shall be the definition of "disability" provided for under Section 409A of the Code and the regulations or other guidance issued thereunder.

**Article 3.<br> ADMINISTRATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 **General Administration; Establishment of Committee**. Subject to the terms of this <u>Article 3</u>, the Plan shall be administered by the Board or such committee of the Board as is designated by the Board to administer the Plan (the "***Committee***"). The Committee shall consist of not fewer than two persons, unless there are not two members of the Board who meet the qualification requirements set forth herein to administer the Plan, in which case, the Committee may consist of one person. Any member of the Committee may be removed at any time, with or without cause, by resolution of the Board. Any vacancy occurring in the membership of the Committee may be filled by appointment by the Board. At any time there is no Committee to administer the Plan, any references in this Plan to the Committee shall be deemed to refer to the Board.

Membership on the Committee shall be limited to those members of the Board who are "non-employee directors" as defined in Rule 16b-3 promulgated under the Exchange Act. The Committee shall select one of its members to act as its Chairman. A majority of the Committee shall constitute a quorum, and the act of a majority of the members of the Committee present at a meeting at which a quorum is present shall be the act of the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 **Designation of Participants and Awards**.

&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 Committee or the Board shall determine and designate from time to time the eligible persons to whom Awards will be granted and shall set forth in each related Award Agreement, where applicable, the Award Period, the Date of Grant, and such other terms, provisions, limitations, and performance requirements, as are approved by the Committee, but not inconsistent with the Plan. The Committee shall determine whether an Award shall include one type of Incentive or two or more Incentives granted in combination or two or more Incentives granted in tandem (that is, a joint grant where exercise of one Incentive results in cancellation of all or a portion of the other Incentive). Although the members of the Committee shall be eligible to receive Awards, all decisions with respect to any Award, and the terms and conditions thereof, to be granted under the Plan to any member of the Committee shall be made solely and exclusively by the other members of the Committee, or if such member is the only member of the Committee, by the Board.

&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) Notwithstanding <u>Section 3.2(a)</u>, to the extent permitted by Applicable Law, the Board may, in its discretion and by a resolution adopted by the Board, authorize one or more officers of the Company (an "***Authorized Officer***") to (i) designate one or more Employees as eligible persons to whom Awards will be granted under the Plan, and (ii) determine the number of shares of Common Stock that will be subject to such Awards; <u>provided</u>, <u>however</u>, that the resolution of the Board granting such authority shall (x) specify the total number of shares of Common Stock that may be made subject to the Awards, (y) set forth the price or prices (or a formula by which such price or prices may be determined) to be paid for the purchase of the Common Stock subject to such Awards, and (z) not authorize an officer to designate such officer as a recipient of any Award.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 **Authority of the Committee**. The Committee, in its discretion, shall (a) interpret the Plan and Award Agreements, (b) prescribe, amend, and rescind any rules and regulations and sub-plans (including sub-plans for Awards made to Participants who are not resident in the United States), as necessary or appropriate for the administration of the Plan, (c) establish performance goals for an Award and certify the extent of their achievement, and (d) make such other determinations or certifications and take such other action as it deems necessary or advisable in the administration of the Plan. Any interpretation, determination, or other action made or taken by the Committee shall be final, binding, and conclusive on all interested parties. The Committee's discretion set forth herein shall not be limited by any provision of the Plan, including any provision which by its terms is applicable notwithstanding any other provision of the Plan to the contrary.

The Committee may delegate to officers of the Company, pursuant to a written delegation, the authority to perform specified functions under the Plan. Any actions taken by any officers of the Company pursuant to such written delegation of authority shall be deemed to have been taken by the Committee.

With respect to restrictions in the Plan that are based on the requirements of Rule 16b-3 promulgated under the Exchange Act, Section 422 of the Code, the rules of any exchange or inter-dealer quotation system upon which the Company's securities are listed or quoted, or any other Applicable Law, to the extent that any such restrictions are no longer required by Applicable Law, the Committee shall have the sole discretion and authority to grant Awards that are not subject to such mandated restrictions and/or to waive any such mandated restrictions with respect to outstanding Awards.

**Article 4.<br> ELIGIBILITY**

Any Employee (including an Employee who is also a director or an officer), Contractor or Outside Director of the Company whose judgment, initiative, and efforts contributed or may be expected to contribute to the successful performance of the Company is eligible to participate in the Plan, provided that only Employees of a Corporation shall be eligible to receive Incentive Stock Options. The Committee, upon its own action, may grant, but shall not be required to grant, an Award to any such Employee, Contractor or Outside Director. Awards may be granted by the Committee at any time and from time to time to new Participants, or to then Participants, or to a greater or lesser number of Participants, and may include or exclude previous Participants, as the Committee shall determine. Except as required by this Plan, Awards need not contain similar provisions. The Committee's determinations under the Plan (including, without limitation, determinations of which Employees, Contractors or Outside Directors, if any, are to receive Awards, the form, amount and timing of such Awards, the terms and provisions of such Awards and the agreements evidencing same) need not be uniform and may be made by it selectively among Participants who receive, or are eligible to receive, Awards under the Plan.

**Article 5.<br> SHARES SUBJECT TO PLAN**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 **Number Available for Awards.** Subject to adjustment as provided in <u>Articles 11 and 12</u>, the maximum number of shares of Common Stock that may be delivered pursuant to Awards granted under the Plan is 5,000,000 shares, of which one hundred percent (100%) may be delivered pursuant to Incentive Stock Options. Shares to be issued may be made available from authorized but unissued Common Stock, Common Stock held by the Company in its treasury, or Common Stock purchased by the Company on the open market or otherwise. During the term of this Plan, the Company will at all times reserve and keep available the number of shares of Common Stock that shall be sufficient to satisfy the requirements of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 **Reuse of Shares.** To the extent that any Award under this Plan shall be forfeited, shall expire or be canceled, in whole or in part, then the number of shares of Common Stock covered by the Award so forfeited, expired or canceled may again be awarded pursuant to the provisions of this Plan. Awards that may be satisfied either by the issuance of shares of Common Stock or by cash or other consideration shall be counted against the maximum number of shares of Common Stock that may be issued under this Plan only during the period that the Award is outstanding or to the extent the Award is ultimately satisfied by the issuance of shares of Common Stock. Awards will not reduce the number of shares of Common Stock that may be issued pursuant to this Plan if the settlement of the Award will not require the issuance of shares of Common Stock, as, for example, a SAR that can be satisfied only by the payment of cash. Notwithstanding any provisions of the Plan to the contrary, only shares forfeited back to the Company or shares canceled on account of termination, expiration or lapse of an Award shall again be available for grant of Incentive Stock Options under the Plan, but shall not increase the maximum number of shares described in <u>Section 5.1</u> above as the maximum number of shares of Common Stock that may be delivered pursuant to Incentive Stock Options.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 **Limitation on Outside Director Awards**. No Outside Director may be granted any Award or Awards denominated in shares that exceed in the aggregate $1,000,000 in Fair Market Value (such Fair Market Value computed as of the Date of Grant) in any calendar year period, plus an additional $1,000,000 in Fair Market Value (determined as of the Date of Grant) for one-time awards to a newly appointed or elected Outside Director.

**Article 6.<br> GRANT OF AWARDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 **In General**.

&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 grant of an Award shall be authorized by the Committee and shall be evidenced by an Award Agreement setting forth the Incentive or Incentives being granted, the total number of shares of Common Stock subject to the Incentive(s), the Option Price (if applicable), the Award Period, the Date of Grant, and such other terms, provisions, limitations, and performance objectives, as are approved by the Committee, but (i) not inconsistent with the Plan, and (ii) to the extent an Award issued under the Plan is subject to Section 409A of the Code, in compliance with the applicable requirements of Section 409A of the Code and the regulations or other guidance issued thereunder. The Company shall execute an Award Agreement with a Participant after the Committee approves the issuance of an Award. Any Award granted pursuant to this Plan must be granted within ten (10) years of the date of adoption of this Plan by the Board. The Plan shall be submitted to the Company's stockholders for approval; however, the Committee may grant Awards under the Plan prior to the time of stockholder approval. Any such Award granted prior to such stockholder approval shall be made subject to such stockholder approval. The grant of an Award to a Participant shall not be deemed either to entitle the Participant to, or to disqualify the Participant from, receipt of any other Award under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Committee establishes a purchase price for an Award, the Participant must accept such Award within a period of thirty (30) days (or such shorter period as the Committee may specify) after the Date of Grant by executing the applicable Award Agreement and paying such purchase price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any Award under this Plan that is settled in whole or in part in cash on a deferred basis may provide for interest equivalents to be credited with respect to such cash payment. Interest equivalents may be compounded and shall be paid upon such terms and conditions as may be specified by the grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 **Option Price.** The Option Price for any share of Common Stock which may be purchased under a Nonqualified Stock Option for any share of Common Stock must be equal to or greater than the Fair Market Value of the share on the Date of Grant. The Option Price for any share of Common Stock which may be purchased under an Incentive Stock Option must be at least equal to the Fair Market Value of the share on the Date of Grant; if an Incentive Stock Option is granted to an Employee who owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company (or any parent or Subsidiary), the Option Price shall be at least one hundred ten percent (110%) of the Fair Market Value of the Common Stock on the Date of Grant. No dividends or Dividend Equivalent Rights may be paid or granted with respect to any Stock Option granted hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 **Maximum ISO Grants.** The Committee may not grant Incentive Stock Options under the Plan to any Employee which would permit the aggregate Fair Market Value (determined on the Date of Grant) of the Common Stock with respect to which Incentive Stock Options (under this and any other plan of the Company and its Subsidiaries) are exercisable for the first time by such Employee during any calendar year to exceed $100,000. To the extent any Stock Option granted under this Plan which is designated as an Incentive Stock Option exceeds this limit or otherwise fails to qualify as an Incentive Stock Option, such Stock Option (or any such portion thereof) shall be a Nonqualified Stock Option. In such case, the Committee shall designate which stock will be treated as Incentive Stock Option stock by causing the issuance of a separate stock certificate and identifying such stock as Incentive Stock Option stock on the Company's stock transfer records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 **Restricted Stock.** If Restricted Stock is granted to or received by a Participant under an Award (including a Stock Option), the Committee shall set forth in the related Award Agreement, as applicable: (a) the number of shares of Common Stock awarded, (b) the price, if any, to be paid by the Participant for such Restricted Stock and the method of payment of the price, (c) the time or times within which such Award may be subject to forfeiture, (d) specified Performance Goals of the Company, a Subsidiary, any division thereof or any group of Employees of the Company, or other criteria, which the Committee determines must be met in order to remove any restrictions (including vesting) on such Award, and (e) all other terms, limitations, restrictions, and conditions of the Restricted Stock, which shall be consistent with this Plan, to the extent applicable and, to the extent Restricted Stock granted under the Plan is subject to Section 409A of the Code, in compliance with the applicable requirements of Section 409A of the Code and the regulations or other guidance issued thereunder. The provisions of Restricted Stock need not be the same with respect to each Participant.

&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) **Legend on Shares**. The Company shall electronically register the Restricted Stock awarded to a Participant in the name of such Participant, which shall bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Stock, substantially as provided in <u>Section 15.10</u> of the Plan. No stock certificate or certificates shall be issued with respect to such shares of Common Stock, unless, following the expiration of the Restriction Period (as defined in <u>Section 6.4(b)(i)</u>) without forfeiture in respect of such shares of Common Stock, the Participant requests delivery of the certificate or certificates by submitting a written request to the Committee (or such party designated by the Company) requesting delivery of the certificates. The Company shall deliver the certificates requested by the Participant to the Participant as soon as administratively practicable following the Company's receipt of such request.

&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) **Restrictions and Conditions**. Shares of Restricted Stock shall be subject to the following restrictions and conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Subject to the other provisions of this Plan and the terms of the particular Award Agreements, during such period as may be determined by the Committee commencing on the Date of Grant or the date of exercise of an Award (the "***Restriction Period***"), the Participant shall not be permitted to sell, transfer, pledge or assign shares of Restricted Stock. Except for these limitations and the limitations set forth in <u>Section 7.2</u> below, the Committee may in its sole discretion, remove any or all of the restrictions on such Restricted Stock whenever it may determine that, by reason of changes in Applicable Laws or other changes in circumstances arising after the date of the Award, such action is appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Except as provided in sub-paragraph (a) above or in the applicable Award Agreement, the Participant shall have, with respect to the Participant's Restricted Stock, all of the rights of a stockholder of the Company, including the right to vote the shares, and the right to receive any dividends thereon. Certificates, if any are issued pursuant to this <u>Section 6.4</u>, for the shares of Common Stock forfeited under the provisions of the Plan and the applicable Award Agreement shall be promptly returned to the Company by the forfeiting Participant. Each Award Agreement shall require that each Participant, in connection with the issuance of a certificate for Restricted Stock, shall endorse such certificate in blank or execute a stock power in form satisfactory to the Company in blank and deliver such certificate and executed stock power to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Restriction Period, subject to <u>Article 12</u> of the Plan, unless otherwise established by the Committee in the Award Agreement setting forth the terms of the Restricted Stock, shall expire upon satisfaction of the conditions set forth in the Award Agreement; such conditions may provide for vesting based on length of continuous service or such Performance Goals, as may be determined by the Committee in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Except as otherwise provided in the particular Award Agreement, upon Termination of Service for any reason during the Restriction Period, the nonvested shares of Restricted Stock shall be forfeited by the Participant. In the event a Participant has paid any consideration to the Company for such forfeited Restricted Stock, the Committee shall specify in the Award Agreement that either (1) the Company shall be obligated to, or (2) the Company may, in its sole discretion, elect to, pay to the Participant, as soon as practicable after the event causing forfeiture, in cash, an amount equal to the lesser of the total consideration paid by the Participant for such forfeited shares or the Fair Market Value of such forfeited shares as of the date of Termination of Service, as the Committee, in its sole discretion shall select. Upon any forfeiture, all rights of a Participant with respect to the forfeited shares of the Restricted Stock shall cease and terminate, without any further obligation on the part of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 **SARs**. The Committee may grant SARs to any Participant, either as a separate Award or in connection with a Stock Option. SARs shall be subject to such terms and conditions as the Committee shall impose, provided that such terms and conditions are (a) not inconsistent with the Plan, and (b) to the extent a SAR issued under the Plan is subject to Section 409A of the Code, in compliance with the applicable requirements of Section 409A of the Code and the regulations or other guidance issued thereunder. The grant of the SAR may provide that the holder may be paid for the value of the SAR either in cash or in shares of Common Stock, or a combination thereof. In the event of the exercise of a SAR payable in shares of Common Stock, the holder of the SAR shall receive that number of whole shares of Common Stock having an aggregate Fair Market Value on the date of exercise equal to the value obtained by multiplying (a) the difference between the Fair Market Value of a share of Common Stock on the date of exercise over the SAR Price as set forth in such SAR (or other value specified in the Award Agreement granting the SAR), by (b) the number of shares of Common Stock as to which the SAR is exercised, with a cash settlement to be made for any fractional shares of Common Stock. The SAR Price for any share of Common Stock subject to a SAR may be equal to or greater than the Fair Market Value of the share on the Date of Grant. The Committee, in its sole discretion, may place a ceiling on the amount payable upon exercise of a SAR, but any such limitation shall be specified at the time that the SAR is granted. No dividends or Dividend Equivalent Rights may be paid or granted with respect to any SARs granted hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6 **Restricted Stock Units**. Restricted Stock Units may be awarded or sold to any Participant under such terms and conditions as shall be established by the Committee, provided, however, that such terms and conditions are (a) not inconsistent with the Plan, and (b) to the extent a Restricted Stock Unit issued under the Plan is subject to Section 409A of the Code, in compliance with the applicable requirements of Section 409A of the Code and the regulations or other guidance issued thereunder. Restricted Stock Units shall be subject to such restrictions as the Committee determines, including, without limitation, (a) a prohibition against sale, assignment, transfer, pledge, hypothecation or other encumbrance for a specified period; or (b) a requirement that the holder forfeit (or in the case of shares of Common Stock or units sold to the Participant, resell to the Company at cost) such shares or units in the event of Termination of Service during the period of restriction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 **Performance Awards**.

&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 Committee may grant Performance Awards to one or more Participants. The terms and conditions of Performance Awards shall be specified at the time of the grant and may include provisions establishing the performance period, the Performance Goals to be achieved during a performance period, and the maximum or minimum settlement values, provided that such terms and conditions are (i) not inconsistent with the Plan and (ii) to the extent a Performance Award issued under the Plan is subject to Section 409A of the Code, in compliance with the applicable requirements of Section 409A of the Code and the regulations or other guidance issued thereunder. If the Performance Award is to be in shares of Common Stock, the Performance Awards may provide for the issuance of the shares of Common Stock at the time of the grant of the Performance Award or at the time of the certification by the Committee that the Performance Goals for the performance period have been met; <u>provided</u>, <u>however</u>, if shares of Common Stock are issued at the time of the grant of the Performance Award and if, at the end of the performance period, the Performance Goals are not certified by the Committee to have been fully satisfied, then, notwithstanding any other provisions of this Plan to the contrary, the Common Stock shall be forfeited in accordance with the terms of the grant to the extent the Committee determines that the Performance Goals were not met. The forfeiture of shares of Common Stock issued at the time of the grant of the Performance Award due to failure to achieve the established Performance Goals shall be separate from and in addition to any other restrictions provided for in this Plan that may be applicable to such shares of Common Stock. Each Performance Award granted to one or more Participants shall have its own terms and conditions.

If the Committee determines, in its sole discretion, that the established performance measures or objectives are no longer suitable because of a change in the Company's business, operations, corporate structure, or for other reasons that the Committee deemed satisfactory, the Committee may modify the performance measures or objectives and/or the performance period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Performance Awards may be valued by reference to the Fair Market Value of a share of Common Stock or according to any formula or method deemed appropriate by the Committee, in its sole discretion, including, but not limited to, achievement of Performance Goals or other specific financial, production, sales or cost performance objectives that the Committee believes to be relevant to the Company's business and/or remaining in the employ of the Company or a Subsidiary for a specified period of time. Performance Awards may be paid in cash, shares of Common Stock, or other consideration, or any combination thereof. If payable in shares of Common Stock, the consideration for the issuance of such shares may be the achievement of the performance objective established at the time of the grant of the Performance Award. Performance Awards may be payable in a single payment or in installments and may be payable at a specified date or dates or upon attaining the performance objective. The extent to which any applicable performance objective has been achieved shall be conclusively determined by the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8 **Dividend Equivalent Rights.** The Committee may grant a Dividend Equivalent Right to any Participant, either as a component of another Award or as a separate Award. The terms and conditions of the Dividend Equivalent Right shall be specified by the grant. Dividend equivalents credited to the holder of a Dividend Equivalent Right may be deemed to be reinvested in additional shares of Common Stock (which may thereafter accrue additional dividend equivalents). Any such reinvestment shall be at the Fair Market Value at the time thereof. Dividend Equivalent Rights may be settled in cash or shares of Common Stock, or a combination thereof, in a single payment or in installments. A Dividend Equivalent Right granted as a component of another Award may provide that such Dividend Equivalent Right shall be settled upon exercise, settlement, or payment of, or lapse of restrictions on, such other Award, and that such Dividend Equivalent Right granted as a component of another Award may also contain terms and conditions different from such other Award; provided that (a) any Dividend Equivalent Rights with respect to such Award shall be withheld by the Company for the Participant's account until such Award is vested, subject to such terms as determined by the Committee; and (b) such Dividend Equivalent Rights so withheld by the Company and attributable to any particular Award shall be distributed to such Participant in cash or, at the discretion of the Committee, in shares of Common Stock having a Fair Market Value equal to the amount of such Dividend Equivalent Rights, if applicable, upon vesting of the Award and if such Award is forfeited, the Participant shall have no right to such Dividend Equivalent Rights. No Dividend Equivalent Rights may be paid or granted with respect to any Stock Option or SAR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9 **Other Awards**. The Committee may grant to any Participant other forms of Awards, based upon, payable in, or otherwise related to, in whole or in part, shares of Common Stock, if the Committee determines that such other form of Award is consistent with the purpose and restrictions of this Plan. The terms and conditions of such other form of Award shall be specified by the grant. Such Other Awards may be granted for no cash consideration, for such minimum consideration as may be required by Applicable Law, or for such other consideration as may be specified by the grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10 **Performance Goals**. Awards (whether relating to cash or shares of Common Stock) under the Plan may be made subject to the attainment of Performance Goals relating to one or more business criteria which may consist of one or more or any combination of the following criteria: cash flow; cost; revenues; sales; ratio of debt to debt plus equity; net borrowing, credit quality or debt ratings; profit before tax; economic profit; earnings before interest and taxes; earnings before interest, taxes, depreciation and amortization; gross margin; earnings per share (whether on a pre-tax, after-tax, operational or other basis); operating earnings; capital expenditures; expenses or expense levels; economic value added; ratio of operating earnings to capital spending or any other operating ratios; free cash flow; net profit; net sales; net asset value per share; the accomplishment of mergers, acquisitions, dispositions, public offerings or similar extraordinary business transactions; sales growth; price of the Company's Common Stock; return on assets, equity or stockholders' equity; market share; inventory levels, inventory turn or shrinkage; total return to stockholders; or any other criteria determined by the Committee ("***Performance Criteria***"). Any Performance Criteria may be used to measure the performance of the Company as a whole or any business unit of the Company and may be measured relative to a peer group or index. Any Performance Criteria may include or exclude (a) events that are of an unusual nature or indicate infrequency of occurrence, (b) gains or losses on the disposition of a business, (c) changes in tax or accounting regulations or laws, (d) the effect of a merger or acquisition, as identified in the Company's quarterly and annual earnings releases, or (e) other similar occurrences. In all other respects, Performance Criteria shall be calculated in accordance with the Company's financial statements, under generally accepted accounting principles, or under a methodology established by the Committee prior to the issuance of an Award which is consistently applied and identified in the audited financial statements, including footnotes, or the Compensation Discussion and Analysis section of the Company's annual report.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.11 **Tandem Awards**. The Committee may grant two or more Incentives in one Award in the form of a "Tandem Award," so that the right of the Participant to exercise one Incentive shall be canceled if, and to the extent, the other Incentive is exercised. For example, if a Stock Option and a SAR are issued in a Tandem Award, and the Participant exercises the SAR with respect to one hundred (100) shares of Common Stock, the right of the Participant to exercise the related Stock Option shall be canceled to the extent of one hundred (100) shares of Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.12 **No Repricing of Stock Options or SARs**. The Committee may not "reprice" any Stock Option or SAR without stockholder approval. For purposes of this <u>Section 6.12</u>, "reprice" means any of the following or any other action that has the same effect: (a) amending a Stock Option or SAR to reduce its exercise price or base price, (b) canceling a Stock Option or SAR at a time when its exercise price or base price exceeds the Fair Market Value of a share of Common Stock in exchange for cash or a Stock Option, SAR, award of Restricted Stock or other equity award, or (c) taking any other action that is treated as a repricing under generally accepted accounting principles, provided that nothing in this <u>Section 6.12</u> shall prevent the Committee from making adjustments pursuant to <u>Article 11</u>, from exchanging or cancelling Incentives pursuant to <u>Article 12</u>, or substituting Incentives in accordance with <u>Article 14</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.13 **Recoupment for Restatements**. Notwithstanding any other language in this Plan to the contrary, the Company may recoup all or any portion of any shares or cash paid to a Participant in connection with an Award, in the event of a restatement of the Company's financial statements as set forth in the Company's clawback policy, if any, approved by the Company's Board from time to time.

**Article 7.<br> AWARD PERIOD; VESTING**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 **Award Period**. Subject to the other provisions of this Plan, the Committee may, in its discretion, provide that an Incentive may not be exercised in whole or in part for any period or periods of time or beyond any date specified in the Award Agreement. Except as provided in the Award Agreement, an Incentive may be exercised in whole or in part at any time during its term. The Award Period for an Incentive shall be reduced or terminated upon Termination of Service. No Incentive granted under the Plan may be exercised at any time after the end of its Award Period. No portion of any Incentive may be exercised after the expiration of ten (10) years from its Date of Grant. However, if an Employee owns or is deemed to own (by reason of the attribution rules of Section 424(d) of the Code) more than ten percent (10%) of the combined voting power of all classes of stock of the Company (or any parent or Subsidiary) and an Incentive Stock Option is granted to such Employee, the term of such Incentive Stock Option (to the extent required by the Code at the time of grant) shall be no more than five (5) years from the Date of Grant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 **Vesting**. The Committee, in its sole discretion, may determine that an Incentive will be immediately vested in whole or in part, or that all or any portion may not be vested until a date, or dates, subsequent to its Date of Grant, or until the occurrence of one or more specified events, subject in any case to the terms of the Plan. If the Committee imposes conditions upon vesting, then, subsequent to the Date of Grant, the Committee may, in its sole discretion, accelerate the date on which all or any portion of the Incentive may be vested.

**Article 8.<br> EXERCISE OR CONVERSION OF INCENTIVE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 **In General**. A vested Incentive may be exercised or converted, during its Award Period, subject to limitations and restrictions set forth in the Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 **Securities Law and Exchange Restrictions**. In no event may an Incentive be exercised or shares of Common Stock issued pursuant to an Award if a necessary listing or quotation of the shares of Common Stock on a stock exchange or inter-dealer quotation system or any registration under state or federal securities laws required under the circumstances has not been accomplished.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 **Exercise of Stock Option**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **In General.** If a Stock Option is exercisable prior to the time it is vested, the Common Stock obtained on the exercise of the Stock Option shall be Restricted Stock which is subject to the applicable provisions of the Plan and the Award Agreement. If the Committee imposes conditions upon exercise, then subsequent to the Date of Grant, the Committee may, in its sole discretion, accelerate the date on which all or any portion of the Stock Option may be exercised. No Stock Option may be exercised for a fractional share of Common Stock. The granting of a Stock Option shall impose no obligation upon the Participant to exercise that Stock Option.

&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) **Notice and Payment.** Subject to such administrative regulations as the Committee may from time to time adopt, a Stock Option may be exercised by the delivery of written notice to the Company (in accordance with the notice provisions in the Participant's Award Agreement) setting forth the number of shares of Common Stock with respect to which the Stock Option is to be exercised (the "***Exercise Notice***") and the date of exercise thereof (the "***Exercise Date***") with respect to any Stock Option shall be the date that the Participant has delivered both the Exercise Notice and consideration to the Company with a value equal to the total Option Price of the shares to be purchased (plus any employment tax withholding or other tax payment due with respect to such Award), payable as provided in the Award Agreement, which may provide for payment in any one or more of the following ways: (i) cash or check, bank draft, or money order payable to the order of the Company, (ii) Common Stock (including Restricted Stock) owned by the Participant on the Exercise Date, valued at its Fair Market Value on the Exercise Date, and which the Participant has not acquired from the Company within six (6) months prior to the Exercise Date, (iii) by delivery (including by fax or electronic transmission) to the Company or its designated agent of an executed irrevocable option exercise form (or, to the extent permitted by the Company, exercise instructions, which may be communicated in writing, telephonically, or electronically) together with irrevocable instructions from the Participant to a broker or dealer, reasonably acceptable to the Company, to sell certain of the shares of Common Stock purchased upon exercise of the Stock Option or to pledge such shares as collateral for a loan and promptly deliver to the Company the amount of sale or loan proceeds necessary to pay such purchase price, (iv) by requesting the Company to withhold the number of shares otherwise deliverable upon exercise of the Stock Option by the number of shares of Common Stock having an aggregate Fair Market Value equal to the aggregate Option Price at the time of exercise (*i.e.,* a cashless net exercise), and/or (v) in any other form of valid consideration that is acceptable to the Committee in its sole discretion. In the event that shares of Restricted Stock are tendered as consideration for the exercise of a Stock Option, a number of shares of Common Stock issued upon the exercise of the Stock Option equal to the number of shares of Restricted Stock used as consideration therefor shall be subject to the same restrictions and provisions as the Restricted Stock so tendered. If the Participant fails to deliver the consideration described in this <u>Section 8.3(b)</u> within three (3) business days of the date of the Exercise Notice, then the Exercise Notice shall be null and void and the Company will have no obligation to deliver any shares of Common Stock to the Participant in connection with such Exercise Notice.

&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) **Issuance of Certificate.** Except as otherwise provided in <u>Section 6.4</u> hereof (with respect to shares of Restricted Stock) or in the applicable Award Agreement, upon payment of all amounts due from the Participant, the Company shall cause the Common Stock then being purchased to be registered in the Participant's name (or the person exercising the Participant's Stock Option in the event of the Participant's death), but shall not issue certificates for the Common Stock unless the Participant or such other person requests delivery of the certificates for the Common Stock, in writing in accordance with the procedures established by the Committee. The Company shall deliver certificates to the Participant (or the person exercising the Participant's Stock Option in the event of the Participant's death) as soon as administratively practicable following the Company's receipt of a written request from the Participant or such other person for delivery of the certificates. Notwithstanding the forgoing, if the Participant has exercised an Incentive Stock Option, the Company may at its option place a transfer restriction on any electronically registered shares (or if a physical certificate is issued to the Participant, retain physical possession of the certificate evidencing the shares acquired upon exercise) until the expiration of the holding periods described in Section 422(a)(1) of the Code. Any obligation of the Company to deliver shares of Common Stock shall, however, be subject to the condition that, if at any time the Committee shall determine in its discretion that the listing, registration, or qualification of the Stock Option or the Common Stock upon any securities exchange or inter-dealer quotation system or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary as a condition of, or in connection with, the Stock Option or the issuance or purchase of shares of Common Stock thereunder, the Stock Option may not be exercised in whole or in part unless such listing, registration, qualification, consent, or approval shall have been effected or obtained free of any conditions not reasonably acceptable to the Committee.

&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) **Failure to Pay.** Except as may otherwise be provided in an Award Agreement, if the Participant fails to pay for any of the Common Stock specified in such notice or fails to accept delivery thereof, that portion of the Participant's Stock Option and right to purchase such Common Stock may be forfeited by the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 **SARs.** Subject to the conditions of this <u>Section 8.4</u> and such administrative regulations as the Committee may from time to time adopt, a SAR may be exercised by the delivery (including by fax) of written notice to the Committee setting forth the number of shares of Common Stock with respect to which the SAR is to be exercised and the Exercise Date thereof which shall be at least three (3) days after giving such notice unless an earlier time shall have been mutually agreed upon. Subject to the terms of the Award Agreement and only if permissible under Section 409A of the Code and the regulations or other guidance issued thereunder (or, if not so permissible, at such time as permitted by Section 409A of the Code and the regulations or other guidance issued thereunder), the Participant shall receive from the Company in exchange therefor in the discretion of the Committee, and subject to the terms of the Award 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) cash in an amount equal to the excess (if any) of the Fair Market Value (as of the Exercise Date, or if provided in the Award Agreement, conversion, of the SAR) per share of Common Stock over the SAR Price per share specified in such SAR, multiplied by the total number of shares of Common Stock of the SAR being surrendered;

&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) that number of shares of Common Stock having an aggregate Fair Market Value (as of the Exercise Date, or if provided in the Award Agreement, conversion, of the SAR) equal to the amount of cash otherwise payable to the Participant, with a cash settlement to be made for any fractional share interests; or

&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 Company may settle such obligation in part with shares of Common Stock and in part with cash.

The distribution of any cash or Common Stock pursuant to the foregoing sentence shall be made at such time as set forth in the Award Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 **Disqualifying Disposition of Incentive Stock Option.** If shares of Common Stock acquired upon exercise of an Incentive Stock Option are disposed of by a Participant prior to the expiration of either two (2) years from the Date of Grant of such Stock Option or one (1) year from the transfer of shares of Common Stock to the Participant pursuant to the exercise of such Stock Option, or in any other disqualifying disposition within the meaning of Section 422 of the Code, such Participant shall notify the Company in writing of the date and terms of such disposition. A disqualifying disposition by a Participant shall not affect the status of any other Stock Option granted under the Plan as an Incentive Stock Option within the meaning of Section 422 of the Code.

**Article 9.<br> AMENDMENT OR DISCONTINUANCE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 Subject to the limitations set forth in this <u>Article 9</u>, the Board may at any time and from time to time, without the consent of the Participants, alter, amend, revise, suspend, or discontinue the Plan in whole or in part; provided, however, that no amendment for which stockholder approval is required either (a) by any securities exchange or inter-dealer quotation system on which the Common Stock is listed or traded or (b) in order for the Plan and Incentives awarded under the Plan to continue to comply with Sections 421 and 422 of the Code, including any successors to such Sections, or other Applicable Law, shall be effective unless such amendment shall be approved by the requisite vote of the stockholders of the Company entitled to vote thereon. Any such amendment shall, to the extent deemed necessary or advisable by the Committee, be applicable to any outstanding Incentives theretofore granted under the Plan, notwithstanding any contrary provisions contained in any Award Agreement. In the event of any such amendment to the Plan, the holder of any Incentive outstanding under the Plan shall, upon request of the Committee and as a condition to the exercisability thereof, execute a conforming amendment in the form prescribed by the Committee to any Award Agreement relating thereto. Notwithstanding anything contained in this Plan to the contrary, unless required by law, no action contemplated or permitted by this <u>Article 9</u> shall adversely affect any rights of Participants or obligations of the Company to Participants with respect to any Incentive theretofore granted under the Plan without the consent of the affected Participant.

**Article 10.<br> TERM**

The Plan shall be effective as of the Effective Date, and, unless sooner terminated by action of the Board, the Plan will terminate on the tenth anniversary of the Effective Date, but Incentives granted before that date will continue to be effective in accordance with their terms and conditions.

**Article 11.<br> CAPITAL ADJUSTMENTS**

In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, rights offering, reorganization, merger, consolidation, split-up, spin-off, split-off, combination, subdivision, repurchase, or exchange of Common Stock or other securities of the Company, issuance of warrants or other rights to purchase Common Stock or other securities of the Company, or other similar corporate transaction or event affects the fair value of an Award, then the Committee shall adjust any or all of the following so that the fair value of the Award immediately after the transaction or event is equal to the fair value of the Award immediately prior to the transaction or event (a) the number of shares and type of Common Stock (or the securities or property) which thereafter may be made the subject of Awards, (b) the number of shares and type of Common Stock (or other securities or property) subject to outstanding Awards, (c) the Option Price of each outstanding Award, (d) the amount, if any, the Company pays for forfeited shares of Common Stock in accordance with <u>Section 6.4</u>, and (e) the number of or SAR Price of shares of Common Stock then subject to outstanding SARs previously granted and unexercised under the Plan, to the end that the same proportion of the Company's issued and outstanding shares of Common Stock in each instance shall remain subject to exercise at the same aggregate SAR Price; provided, however, that the number of shares of Common Stock (or other securities or property) subject to any Award shall always be a whole number. Notwithstanding the foregoing, no such adjustment shall be made or authorized to the extent that such adjustment would cause the Plan or any Stock Option to violate Section 422 of the Code or Section 409A of the Code. Such adjustments shall be made in accordance with the rules of any securities exchange, stock market, or stock quotation system to which the Company is subject.

Upon the occurrence of any such adjustment, the Company shall provide notice to each affected Participant of its computation of such adjustment which shall be conclusive and shall be binding upon each such Participant.

**Article 12.<br> RECAPITALIZATION, MERGER AND CONSOLIDATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 **No Effect on Company's Authority.** The existence of this Plan and Incentives granted hereunder shall not affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company's capital structure and its business, or any Change in Control, or any merger or consolidation of the Company, or any issuance of bonds, debentures, preferred or preference stocks ranking prior to or otherwise affecting the Common Stock or the rights thereof (or any rights, options, or warrants to purchase same), or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 **Conversion of Incentives Where Company Survives.** Subject to any required action by the stockholders and except as otherwise provided by <u>Section 12.4</u> hereof or as may be required to comply with Section 409A of the Code and the regulations or other guidance issued thereunder, if the Company shall be the surviving or resulting corporation in any merger, consolidation or share exchange, any Incentive granted hereunder shall pertain to and apply to the securities or rights (including cash, property, or assets) to which a holder of the number of shares of Common Stock subject to the Incentive would have been entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 **Exchange or Cancellation of Incentives Where Company Does Not Survive.** Except as otherwise provided by <u>Section 12.4</u> hereof or as may be required to comply with Section 409A of the Code and the regulations or other guidance issued thereunder, in the event of any merger, consolidation or share exchange pursuant to which the Company is not the surviving or resulting corporation, there shall be substituted for each share of Common Stock subject to the unexercised portions of outstanding Incentives, that number of shares of each class of stock or other securities or that amount of cash, property, or assets of the surviving, resulting or consolidated company which were distributed or distributable to the stockholders of the Company in respect to each share of Common Stock held by them, such outstanding Incentives to be thereafter exercisable for such stock, securities, cash, or property in accordance with their terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 **Cancellation of Incentives.** Notwithstanding the provisions of <u>Sections 12.2 and 12.3</u> hereof, and except as may be required to comply with Section 409A of the Code and the regulations or other guidance issued thereunder, all Incentives granted hereunder may be canceled by the Company, in its sole discretion, as of the effective date of any Change in Control, merger, consolidation or share exchange, or any issuance of bonds, debentures, preferred or preference stocks ranking prior to or otherwise affecting the Common Stock or the rights thereof (or any rights, options, or warrants to purchase same), or of any proposed sale of all or substantially all of the assets of the Company, or of any dissolution or liquidation of the Company, by either:

&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) giving notice to each holder thereof or such holder's personal representative of its intention to cancel those Incentives for which the issuance of shares of Common Stock involved payment by the Participant for such shares, and permitting the purchase during the thirty (30) day period next preceding such effective date of any or all of the shares of Common Stock subject to such outstanding Incentives, including in the Board's discretion some or all of the shares as to which such Incentives would not otherwise be vested and exercisable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of Incentives that are either (i) settled only in shares of Common Stock, or (ii) at the election of the Participant, settled in shares of Common Stock, paying the holder thereof an amount equal to a reasonable estimate of the difference between the net amount per share payable in such transaction or as a result of such transaction, and the price per share of such Incentive to be paid by the Participant (hereinafter the "***Spread***"), multiplied by the number of shares subject to the Incentive. In cases where the shares constitute, or would after exercise, constitute Restricted Stock, the Company, in its discretion, may include some or all of those shares in the calculation of the amount payable hereunder. In estimating the Spread, appropriate adjustments to give effect to the existence of the Incentives shall be made, such as deeming the Incentives to have been exercised, with the Company receiving the exercise price payable thereunder, and treating the shares receivable upon exercise of the Incentives as being outstanding in determining the net amount per share. In cases where the proposed transaction consists of the acquisition of assets of the Company, the net amount per share shall be calculated on the basis of the net amount receivable with respect to shares of Common Stock upon a distribution and liquidation by the Company after giving effect to expenses and charges, including but not limited to taxes, payable by the Company before such liquidation could be completed.

An Award that by its terms would be fully vested or exercisable upon a Change in Control will be considered vested or exercisable for purposes of <u>Section 12.4(a)</u> hereof.

**Article 13.<br> LIQUIDATION OR DISSOLUTION**

Subject to <u>Section 12.4</u> hereof, in case the Company shall, at any time while any Incentive under this Plan shall be in force and remain unexpired, (a) sell all or substantially all of its property, or (b) dissolve, liquidate, or wind up its affairs, then each Participant shall be entitled to receive, in lieu of each share of Common Stock of the Company which such Participant would have been entitled to receive under the Incentive, the same kind and amount of any securities or assets as may be issuable, distributable, or payable upon any such sale, dissolution, liquidation, or winding up with respect to each share of Common Stock of the Company. If the Company shall, at any time prior to the expiration of any Incentive, make any partial distribution of its assets, in the nature of a partial liquidation, whether payable in cash or in kind (but excluding the distribution of a cash dividend payable out of earned surplus and designated as such) and an adjustment is determined by the Committee to be appropriate to prevent the dilution of the benefits or potential benefits intended to be made available under the Plan, then the Committee shall, in such manner as it may deem equitable, make such adjustment in accordance with the provisions of <u>Article 11</u> hereof.

**Article 14.<br> INCENTIVES IN SUBSTITUTION FOR<br> INCENTIVES GRANTED BY OTHER ENTITIES**

Incentives may be granted under the Plan from time to time in substitution for similar instruments held by employees, independent contractors or directors of a corporation, partnership, or limited liability company who become or are about to become Employees, Contractors or Outside Directors of the Company or any Subsidiary as a result of a merger or consolidation of the employing corporation with the Company, the acquisition by the Company of equity of the employing entity, or any other similar transaction pursuant to which the Company becomes the successor employer. The terms and conditions of the substitute Incentives so granted may vary from the terms and conditions set forth in this Plan to such extent as the Committee at the time of grant may deem appropriate to conform, in whole or in part, to the provisions of the incentives in substitution for which they are granted.

**Article 15.<br> MISCELLANEOUS PROVISIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1 **Investment Intent.** The Company may require that there be presented to and filed with it by any Participant under the Plan, such evidence as it may deem necessary to establish that the Incentives granted or the shares of Common Stock to be purchased or transferred are being acquired for investment and not with a view to their distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2 **No Right to Continued Employment.** Neither the Plan nor any Incentive granted under the Plan shall confer upon any Participant any right with respect to continuance of employment by the Company or any Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3 **Indemnification of Board and Committee.** No member of the Board or the Committee, nor any officer or Employee of the Company acting on behalf of the Board or the Committee, shall be personally liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board and the Committee, each officer of the Company, and each Employee of the Company acting on behalf of the Board or the Committee shall, to the extent permitted by law, be fully indemnified and protected by the Company in respect of any such action, determination, or interpretation to the fullest extent provided by law. Except to the extent required by any unwaiveable requirement under Applicable Law, no member of the Board or the Committee (and no Subsidiary of the Company) shall have any duties or liabilities, including, without limitation, any fiduciary duties, to any Participant (or any Person claiming by and through any Participant) as a result of this Plan, any Award Agreement or any Claim arising hereunder and, to the fullest extent permitted under Applicable Law, each Participant (as consideration for receiving and accepting an Award Agreement) irrevocably waives and releases any right or opportunity such Participant might have to assert (or participate or cooperate in) any Claim against any member of the Board or the Committee and any Subsidiary of the Company arising out of this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4 **Effect of the Plan.** Neither the adoption of this Plan nor any action of the Board or the Committee shall be deemed to give any person any right to be granted an Award or any other rights except as may be evidenced by an Award Agreement, or any amendment thereto, duly authorized by the Committee and executed on behalf of the Company, and then only to the extent and upon the terms and conditions expressly set forth therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.5 **Compliance with Other Laws and Regulations.** Notwithstanding anything contained herein to the contrary, the Company shall not be required to sell or issue shares of Common Stock under any Incentive if the issuance thereof would constitute a violation by the Participant or the Company of any provisions of any law or regulation of any governmental authority or any national securities exchange or inter-dealer quotation system or other forum in which shares of Common Stock are quoted or traded (including, without limitation, Section 16 of the Exchange Act); and, as a condition of any sale or issuance of shares of Common Stock under an Incentive, the Committee may require such agreements or undertakings, if any, as the Committee may deem necessary or advisable to assure compliance with any such law or regulation. The Plan, the grant and exercise of Incentives hereunder, and the obligation of the Company to sell and deliver shares of Common Stock, shall be subject to all applicable federal and state laws, rules and regulations and to such approvals by any government or regulatory agency as may be required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.6 **Foreign Participation.** To assure the viability of Awards granted to Participants employed in foreign countries, the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Moreover, the Committee may approve such supplements to, or amendments, restatements or alternative versions of, this Plan as it determines is necessary or appropriate for such purposes. Any such amendment, restatement or alternative versions that the Committee approves for purposes of using this Plan in a foreign country will not affect the terms of this Plan for any other country.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.7 **Tax Requirements.** The Company or, if applicable, any Subsidiary (for purposes of this <u>Section 15.7</u>, the term "***Company***" shall be deemed to include any applicable Subsidiary), shall have the right to deduct from all amounts paid in cash or other form in connection with the Plan, any federal, state, local, or other taxes required by law to be withheld in connection with an Award granted under this Plan. The Company may, in its sole discretion, also require the Participant receiving shares of Common Stock issued under the Plan to pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant's income arising with respect to the Award. Such payments shall be required to be made when requested by the Company and may be required to be made prior to the delivery of any certificate representing shares of Common Stock. Such payment may be made by (a) the delivery of cash to the Company in an amount that equals or exceeds (to avoid the issuance of fractional shares under (c) below) the required tax withholding obligations of the Company; (b) if the Company, in its sole discretion, so consents in writing, the actual delivery by the exercising Participant to the Company of shares of Common Stock that the Participant has not acquired from the Company within six (6) months prior to the date of exercise, which shares so delivered have an aggregate Fair Market Value that equals or exceeds (to avoid the issuance of fractional shares under (c) below) the required tax withholding payment; (c) if the Company, in its sole discretion, so consents in writing, the Company's withholding of a number of shares to be delivered upon the vesting or exercise of the Award, which shares so withheld have an aggregate Fair Market Value that equals (but does not exceed) the required tax withholding payment; or (d) any combination of (a), (b), or (c). The Company may, in its sole discretion, withhold any such taxes from any other cash remuneration otherwise paid by the Company to the Participant. The Committee may in the Award Agreement impose any additional tax requirements or provisions that the Committee deems necessary or desirable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.8 **Assignability.** Incentive Stock Options may not be transferred, assigned, pledged, hypothecated or otherwise conveyed or encumbered other than by will or the laws of descent and distribution and may be exercised during the lifetime of the Participant only by the Participant or the Participant's legally authorized representative, and each Award Agreement in respect of an Incentive Stock Option shall so provide. The designation by a Participant of a beneficiary will not constitute a transfer of the Stock Option. The Committee may waive or modify any limitation contained in the preceding sentences of this <u>Section 15.8</u> that is not required for compliance with Section 422 of the Code.

Except as otherwise provided herein, Awards may not be transferred, assigned, pledged, hypothecated or otherwise conveyed or encumbered other than by will or the laws of descent and distribution. Notwithstanding the foregoing, the Committee may, in its discretion, authorize all or a portion of an Award to be granted to a Participant on terms which permit transfer by such Participant to (a) the spouse (or former spouse), children or grandchildren of the Participant ("***Immediate Family Members***"), (b) a trust or trusts for the exclusive benefit of such Immediate Family Members, (c) a partnership in which the only partners are (1) such Immediate Family Members and/or (2) entities which are controlled by the Participant and/or Immediate Family Members, (d) an entity exempt from federal income tax pursuant to Section 501(c)(3) of the Code or any successor provision, or (e) a split interest trust or pooled income fund described in Section 2522(c)(2) of the Code or any successor provision, <u>provided that</u> (x) there shall be no consideration for any such transfer, (y) the Award Agreement pursuant to which such Award is granted must be approved by the Committee and must expressly provide for transferability in a manner consistent with this <u>Section 15.8</u>, and (z) subsequent transfers of transferred Award shall be prohibited except those by will or the laws of descent and distribution.

Following any transfer, any such Award shall continue to be subject to the same terms and conditions as were applicable immediately prior to transfer, provided that for purposes of <u>Articles 8, 9, 11, 13 and 15</u> hereof the term "***Participant***" shall be deemed to include the transferee. The events of Termination of Service shall continue to be applied with respect to the original Participant, following which the Award shall be transferable, exercisable or convertible by the transferee only to the extent and for the periods specified in the Award Agreement. The Committee and the Company shall have no obligation to inform any transferee of an Award of any expiration, termination, lapse or acceleration of such Stock Option or SAR. The Company shall have no obligation to register with any federal or state securities commission or agency any Common Stock issuable or issued under an Award that has been transferred by a Participant under this <u>Section 15.8</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.9 **Use of Proceeds.** Proceeds from the sale of shares of Common Stock pursuant to Incentives granted under this Plan shall constitute general funds of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.10 **Legend.** Each certificate representing shares of Restricted Stock issued to a Participant shall bear the following legend, or a similar legend deemed by the Company to constitute an appropriate notice of the provisions hereof (any such certificate not having such legend shall be surrendered upon demand by the Company and so endorsed):

On the face of the certificate:

"Transfer of this stock is restricted in accordance with conditions printed on the reverse of this certificate."

On the reverse:

"The shares of stock evidenced by this certificate are subject to and transferable only in accordance with that certain FullPAC, Inc. 2025 Long-Term Incentive Plan, a copy of which is on file at the principal office of the Company in Virginia Beach, Virginia. No transfer or pledge of the shares evidenced hereby may be made except in accordance with and subject to the provisions of said Plan. By acceptance of this certificate, any holder, transferee or pledgee hereof agrees to be bound by all of the provisions of said Plan."

The following legend shall be inserted on a certificate evidencing Common Stock issued under the Plan if the shares were not issued in a transaction registered under the applicable federal and state securities laws:

"Shares of stock represented by this certificate have been acquired by the holder for investment and not for resale, transfer or distribution, have been issued pursuant to exemptions from the registration requirements of applicable state and federal securities laws, and may not be offered for sale, sold or transferred other than pursuant to effective registration under such laws, or in transactions otherwise in compliance with such laws, and upon evidence satisfactory to the Company of compliance with such laws, as to which the Company may rely upon an opinion of counsel satisfactory to the Company."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.11 **Governing Law.** The Plan shall be governed by, construed, and enforced in accordance with the laws of the State of Nevada (excluding any conflict of laws, rule or principle of Nevada law that might refer the governance, construction, or interpretation of this Plan to the laws of another state). A Participant's sole remedy for any Claim shall be against the Company, and no Participant shall have any claim or right of any nature against any Subsidiary of the Company or any stockholder or existing or former director, officer or Employee of the Company or any Subsidiary of the Company. The individuals and entities described above in this <u>Section 15.11</u> (other than the Company) shall be third-party beneficiaries of this Plan for purposes of enforcing the terms of this <u>Section 15.11</u>.

A copy of this Plan shall be kept on file in the principal office of the Company in Virginia Beach, Virginia.

IN WITNESS WHEREOF, the Company has caused this instrument to be executed as of August 19, 2025, by its General Counsel and Secretary pursuant to prior action taken by the Board.

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| | |
|:---|:---|
| **FULLPAC, INC.** | **FULLPAC, INC.** |
| By: | /s/ Ryan Deal |
| Name: | Ryan Deal |
| Title: | General Counsel and Secretary |

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**RESTRICTED STOCK AWARD AGREEMENT**

**FULLPAC, INC.**

**2025 LONG-TERM INCENTIVE PLAN**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Grant of Award</u>. Pursuant to the FullPAC, Inc. 2025 Long-Term Incentive Plan (the "***Plan***") for Employees, Contractors, and Outside Directors of FullPAC, Inc., a Nevada corporation (the "***Company***") and its Subsidiaries, the Company hereby grants to

<u>[ ]</u>

(the "***Participant***")

an Award of Restricted Stock in accordance with Section 6.4 of the Plan. The number of shares of Common Stock awarded under this Restricted Stock Award Agreement (the "***Agreement***") is [ ] shares (the "***Awarded Shares***"). The "***Date of Grant***" of this Award is [ ].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Subject to Plan</u>. This Agreement is subject to the terms and conditions of the Plan, and the terms of the Plan shall control to the extent inconsistent with the provisions of this Agreement. The capitalized terms used herein that are defined in the Plan shall have the same meanings assigned to them in the Plan, except as otherwise expressly provided herein. This Agreement is subject to any rules promulgated pursuant to the Plan by the Board or the Committee and communicated to the Participant in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Vesting</u>. Awarded Shares which have become vested pursuant to the terms of this <u>Section 3</u> are collectively referred to <u>herein</u> as "***Vested Shares***." All other Awarded Shares are collectively referred to herein as "***Unvested Shares***."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. [ ] of the total Awarded Shares shall vest immediately.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Forfeiture of Awarded Shares</u>. Awarded Shares that are not vested in accordance with <u>Section 3</u> shall be forfeited on the date of the Participant's Termination of Service. Upon forfeiture, all of the Participant's rights with respect to the forfeited Awarded Shares shall cease and terminate, without any further obligations on the part of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Restrictions on Awarded Shares</u>. Subject to the provisions of the Plan and the terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with <u>Section 3</u> and are no longer subject to forfeiture in accordance with <u>Section 4</u> (the "***Restriction Period***"), the Participant shall not be permitted to sell, transfer, pledge, hypothecate, margin, assign, or otherwise encumber any of the Awarded Shares that have not vested. Except for these limitations, the Committee may, in its sole discretion, remove any or all of the restrictions on such Awarded Shares whenever it may determine that, by reason of changes in Applicable Laws or changes in circumstances after the date of this Agreement, such action is appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Legend</u>. The following legend shall be placed on all certificates issued representing Awarded Shares:

On the face of the certificate:

"Transfer of this stock is restricted in accordance with conditions printed on the reverse of this certificate."

On the reverse:

"The shares of stock evidenced by this certificate are subject to and transferable only in accordance with that certain FullPAC, Inc. 2025 Long-Term Incentive Plan, a copy of which is on file at the principal office of the Company in Virginia Beach, Virgina. No transfer or pledge of the shares evidenced hereby may be made except in accordance with and subject to the provisions of said Plan. By acceptance of this certificate, any holder, transferee or pledgee hereof agrees to be bound by all of the provisions of said Plan."

The following legend shall be inserted on a certificate evidencing Common Stock issued under the Plan if the shares were not issued in a transaction registered under the applicable federal and state securities laws:

"Shares of stock represented by this certificate have been acquired by the holder for investment and not for resale, transfer or distribution, have been issued pursuant to exemptions from the registration requirements of applicable state and federal securities laws, and may not be offered for sale, sold or transferred other than pursuant to effective registration under such laws, or in transactions otherwise in compliance with such laws, and upon evidence satisfactory to the Company of compliance with such laws, as to which the Company may rely upon an opinion of counsel satisfactory to the Company."

All Awarded Shares owned by the Participant shall be subject to the terms of this Agreement and shall be represented by a certificate or certificates bearing the foregoing legend.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Delivery of Certificates; Registration of Shares</u>. The Company shall deliver certificates for the Awarded Shares to the Participant or shall register the Awarded Shares in the Participant's name, free of restriction under this Agreement, promptly after, and only after, the Restriction Period has expired without forfeiture pursuant to <u>Section 3</u>. In connection with any issuance of a certificate for Restricted Stock, the Participant shall endorse such certificate in blank or execute a stock power in a form satisfactory to the Company in blank and deliver such certificate and executed stock power to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Rights of a Stockholder</u>. Except as provided in <u>Section 3</u> and <u>Section 4</u> above, the Participant shall have, with respect to the Participant's Awarded Shares, all of the rights of a stockholder of the Company, including the right to vote the shares and the right to receive any dividends thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Non-Assignability</u>. The Awarded Shares are not assignable or transferable by the Participant except by will or by the laws of descent and distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Voting</u>. The Participant, as record holder of the Awarded Shares, has the exclusive right to vote, or consent with respect to, such Awarded Shares until such time as the Awarded Shares are transferred in accordance with this Agreement; <u>provided</u>, <u>however</u>, that this <u>Section 10</u> shall not create any voting right where the holders of such Awarded Shares otherwise have no such right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>The Participant's Acknowledgments</u>. The Participant acknowledges that a copy of the Plan has been made available for the Participant's review by the Company and represents that the Participant is familiar with the terms and provisions thereof, and hereby accepts this Award subject to all the terms and provisions thereof. The Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Committee or the Board, as appropriate, upon any questions arising under the Plan or this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Specific Performance</u>. The parties acknowledge that remedies at law will be inadequate remedies for breach of this Agreement and consequently agree that this Agreement shall be enforceable by specific performance. The remedy of specific performance shall be cumulative of all of the rights and remedies at law or in equity of the parties under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Adjustment to Number of Awarded Shares</u>. The number of Awarded Shares shall be subject to adjustment in accordance with <u>Articles 11-13</u> of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>The Participant's Representations</u>. Notwithstanding any of the provisions hereof, the Participant hereby agrees that the Participant will not acquire any Awarded Shares, and that the Company will not be obligated to register any Awarded Shares in the Participant's name or issue any Awarded Shares to the Participant hereunder, if the registration and/or issuance of such shares shall constitute a violation by the Participant or the Company of any provision of any law or regulation of any governmental authority. Any determination by the Company under this <u>Section 12</u> shall be final, binding, and conclusive. The obligations of the Company and the obligations of the Participant are subject to all Applicable Laws, rules, and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Investment Representation</u>. Unless the Awarded Shares are issued to the Participant in a transaction registered under applicable federal and state securities laws, by the Participant's execution hereof, the Participant represents and warrants to the Company that all Common Stock which may be acquired hereunder will be acquired by the Participant for investment purposes for the Participant's own account and not with any intent for resale or distribution in violation of federal or state securities laws, all certificates issued with respect to the Common Stock shall bear an appropriate restrictive investment legend and shall be held indefinitely, unless they are subsequently registered under the applicable federal and state securities laws or the Participant obtains an opinion of counsel, in form and substance satisfactory to the Company and its counsel, that such registration is not required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Law Governing</u>. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Nevada (excluding any conflict of laws rule or principle of Nevada law that might refer the governance, construction, or interpretation of this agreement to the laws of another state). The Participant's sole remedy for any claim shall be against the Company, and no Participant shall have any claim or right of any nature against any Subsidiary of the Company or any stockholder or existing or former director, officer or Employee of the Company or any Subsidiary of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>No Right to Continue Service or Employment</u>. Nothing herein shall be construed to confer upon the Participant the right to continue in the employ or to provide services to the Company or any Subsidiary, whether as an Employee, Contractor, or Outside Director, or to interfere with or restrict in any way the right of the Company or any Subsidiary to discharge the Participant as an Employee, Contractor, or Outside Director at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Legal Construction.</u> In the event that any one or more of the terms, provisions, or agreements that are contained in this Agreement shall be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid, illegal, or unenforceable term, provision, or agreement shall not affect any other term, provision, or agreement that is contained in this Agreement, and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or agreement had never been contained herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Covenants and Agreements as Independent Agreements</u>. Each of the covenants and agreements set forth in this Agreement shall be construed as a covenant and agreement independent of any other provision of this Agreement. The existence of any claim or cause of action of the Participant against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and agreements that are set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Entire Agreement</u>. This Agreement, together with the Plan, supersede any and all other prior understandings and agreements, either oral or in writing, between the parties with respect to the subject matter in this Agreement and constitute the only agreements between the parties with respect to the subject matter in this Agreement. All prior negotiations and agreements between the parties with respect to the subject matter in this Agreement are merged into this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied in this Agreement or the Plan and that any agreement, statement or promise that is not contained in this Agreement or the Plan shall not be valid or binding or of any force or effect. Except for the specific representations expressly made by the Company in this Agreement, the Participant specifically disclaims that the Participant is relying upon or has relied upon any communications, promises, statements, inducements, or representation(s) that may have been made, oral or written, regarding the subject matter of this Agreement. The Parties represent that they are relying solely and only on their own judgment in entering into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. <u>Counterparts</u>. This Agreement may be executed in separate counterparts, each of which shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. <u>Parties Bound</u>. The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, and permitted successors and assigns, subject to the limitation on assignment expressly set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. <u>Modification</u>. No change or modification of this Agreement shall be valid or binding upon the parties unless the change or modification is in writing and signed by the parties hereto. Notwithstanding the preceding sentence, the Company may amend the Plan to the extent permitted by the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. <u>Headings</u>. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. <u>Gender and Number</u>. Words of any gender used in this Agreement shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. <u>Notice</u>. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered only when actually received by the Company or by the Participant, as the case may be, at the addresses set forth below, or at such other addresses as they have theretofore specified by written notice delivered in accordance herewith:

&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. Notice to the Company shall be addressed and delivered as follows:

FullPAC, Inc.

1206 Laskin Road Suite 201-O

Virginia Beach, Virginia 23451

&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. Notice to the Participant shall be addressed and delivered to the most recent address in the Company's records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. <u>Clawback</u>. The Participant by accepting this Agreement hereby acknowledges and consents to the Company's application, implementation, and enforcement of any applicable Company clawback or similar policy that may apply to the Participant and the shares, whether adopted before or after the Grant Date, and any term of applicable law relating to clawback, cancellation, recoupment, rescission, payback, or reduction of compensation, and the Company may take such actions as may be necessary to effectuate any such policy or applicable law, without further consideration or action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. If
 the Participant is removed or terminated for cause, or otherwise resigns, as an employee,
 consultant, or director for cause prior to the twelve (12) month anniversary of the listing
 of the Corporation's common stock on Nasdaq ("Listing Anniversary"), a
 certain number of shares issued pursuant to the Stock Grant in an amount equal to the number
 of days remaining until the Listing Anniversary divided by 365 days multiplied by the number
 of shares of the Stock Grant shall be clawed back pursuant to the Corporation's Compensation
 Recovery Policy administered at the discretion of the Compensation Committee of the Board
 of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. <u>Tax Requirements</u>. **The Participant is hereby advised to consult immediately with the Participant's own tax advisor regarding the tax consequences of this Agreement, the method and timing for filing an election to include this Agreement in income under Section 83(b) of the Code, and the tax consequences of such election. By execution of this Agreement, the Participant agrees that if the Participant makes such an election, the Participant shall provide the Company with written notice of such election in accordance with the regulations promulgated under Section 83(b) of the Code.** The Company or, if applicable, any Subsidiary (for purposes of this <u>Section 26</u>, the term "***Company***" shall be deemed to include any applicable Subsidiary), shall have the right to deduct from all amounts paid in cash or other form in connection with the Plan, any federal, state, local, or other taxes required by law to be withheld in connection with this Award. The Company may, in its sole discretion, also require the Participant receiving shares of Common Stock issued under the Plan to pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant's income arising with respect to this Award. Such payments shall be required to be made when requested by the Company and may be required to be made prior to the delivery of any certificate representing shares of Common Stock. Such payment may be made by (a) the delivery of cash to the Company in an amount that equals or exceeds (to avoid the issuance of fractional shares under (c) below) the required tax withholding obligations of the Company; (b) if the Company, in its sole discretion, so consents in writing, the actual delivery by the Participant to the Company of shares of Common Stock, other than (i) Restricted Stock, or (ii) Common Stock that the Participant has acquired from the Company within six (6) months prior thereto, which shares so delivered have an aggregate Fair Market Value that equals or exceeds (to avoid the issuance of fractional shares under (c) below) the required tax withholding payment; (c) if the Company, in its sole discretion, so consents in writing, the Company's withholding of a number of shares to be delivered upon the vesting of this Award, which shares so withheld have an aggregate Fair Market Value that equals (but does not exceed) the required tax withholding payment; or (d) any combination of (a), (b), or (c). The Company may, in its sole discretion, withhold any such taxes from any other cash remuneration otherwise paid by the Company to the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. <u>Electronic Delivery and Acceptance</u>. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or a third party designated by the Company for such purpose.

**[*Remainder of Page Intentionally Left Blank;***

***Signature Page Follows.*]**

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and the Participant, to evidence the Participant's consent and approval of all the terms hereof, has duly executed this Agreement, as of the date specified in <u>Section 1</u> hereof.

---

| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
| **FULLPAC, INC.** | **FULLPAC, INC.** |
| By: |  |
| Name: | Travis Trawick |
| Title: | Chief Executive Officer |
| **PARTICIPANT:** | **PARTICIPANT:** |
| Signature | Signature |

---

## Add

**Exhibit 6.9**

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## Add

**Exhibit 6.10**

**FULLPAC, INC.**

July 21, 2025

Travis Trawick

1206 Laskin Road, Suite 201-O

Virginia Beach, VA 23451

Re: Board of Directors

Ladies and Gentlemen:

Mr. Travis Trawick ("***you***" or "***Shareholder***") holds 15,000,000 shares of common stock, par value $0.0001 per share, issued by FullPAC, Inc., a Nevada corporation (the "***Company***"), and serves as the Company's Chief Executive Officer. In recognition of your service to the Company, this Side Letter (this "***Side Letter***") will confirm our agreement that you shall be entitled to the following contractual rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Board Seats</u>. Subject to (i) any applicable provisions of Nevada law and (ii) following the date on which the Company submits its initial listing application to list its shares of common stock on the Nasdaq Stock Market ("***Nasdaq***"), the listing rules and applicable interpretations and regulations of Nasdaq, until such time as Shareholder no longer owns shares representing at least 33.34% of the voting power of the Company, the Shareholder shall have the right to designate one individual, including himself, to serve as a member of the Board of Directors of the Company (the "***Designated Director***") and, at the election of the Shareholder, to serve as the Chairperson of the Board of Directors. The Company shall cause such Designated Director to be nominated and appointed to the Board of Directors. The Designated Director shall be entitled to one vote for any matter presented to the Board of Directors for a vote and shall have all the rights and powers of all other members of the Board of Directors. The Designated Director shall be subject to all rights, obligations, and responsibilities applicable to directors of the Company as set forth in the Certificate of Incorporation of the Company, as amended, and the Bylaws of the Company, as amended, including with respect to fiduciary duties owed by directors of the Company under Nevada law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Miscellaneous</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>Severability</u>. If any provision of this Side Letter is found to be illegal or unenforceable, then the provision will be deemed deleted and this Side Letter will be construed as though the provision was not contained herein and the remainder of this Side Letter will remain in full force and effect.

&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>Termination</u>. Unless otherwise expressly set forth herein, the rights described herein shall terminate and be of no further force or effect (a) as specified in Section (1) above and (b) upon mutual agreement of the parties.

&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) <u>Waivers and Amendments</u>. Any provision of this Side Letter may be amended, waived or modified only upon the written consent of the Company and Shareholder.

&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) <u>Counterparts</u>. This Side Letter may be executed in one or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same agreement. Facsimile or electronic copies of signed signature pages will be deemed binding originals.

&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) <u>Governing Law</u>. This Side Letter and all actions arising out of or in connection with this Side Letter shall be governed by and construed in accordance with the laws of the State of Nevada, without regard to the conflicts of law provisions of the State of Nevada or of any other state.

[Signature Page Follows]

The parties have caused this Side Letter to be duly executed and delivered by their proper and duly authorized officers as of the date and year first written above.

---

| | |
|:---|:---|
| **COMPANY:** | **COMPANY:** |
| **FULLPAC, INC.** | **FULLPAC, INC.** |
| a Nevada corporation | a Nevada corporation |
| By: | */s/ Ryan Deal* |
| Name: | Ryan Deal |
| Title: | Secretary |
| **SHAREHOLDER:** | **SHAREHOLDER:** |
| **Travis Trawick** | **Travis Trawick** |
| Signed: | */s/ Travis Trawick* |

---

## Add

**Exhibit 8.1**

**ESCROW AGREEMENT**

This **ESCROW AGREEMENT** (this "**Agreement**") dated as of this 7th day of August 2025 by and among **FullPAC, Inc.**, a *Nevada* corporation (the "**Company**"), having an address at 1206 Laskin Road Suite 201-O, Virginia Beach, Virginia 23451; and **WILMINGTON TRUST, NATIONAL ASSOCIATION** (the "**Escrow Agent**").

All capitalized terms not herein defined shall have the meaning ascribed to them in that certain Subscription Agreement, dated as of or about _________, as amended or supplemented from time-to-time, including all attachments, schedules and exhibits thereto (the "**Subscription Agreement**").

**<u>W I T N E S S E T H</u>:**

**WHEREAS**, the Company proposes to sell (the **"Financing Transaction"**) a maximum of 10,000,000 shares of its common stock, par value $0.0001 ("Common Stock"), at an offering price of $[ ] per share (the **"Shares"**) for an offering amount of up to $[ ] in a public offering (the "**Offering**") to investors (each, an "**Investor**"); and

**WHEREAS,** subject to all conditions to closing being satisfied or waived, the closing(s) of the Offering shall take place from time to time until the earlier of (a) the date which is one year after this Offering being qualified by the U.S. Securities and Exchange Commission (the "**SEC**" or the "**Commission**"), or (b) the date on which this Offering is earlier terminated by the Company in its sole discretion (the "Termination Date") (the earlier of (a) or (b), the "**Final Termination Date**"); and

**WHEREAS,** there is no minimum offering amount and all funds shall only be returned to the potential Investors in the event the Offering is not consummated or if the Company, in its sole discretion, rejects all or a part of a particular potential Investor's subscription; and

**WHEREAS**, in connection with the Financing Transaction contemplated by the Subscription Agreement, the Company entered into certain other agreements, documents, instruments and certificates necessary to carry out the purposes thereof, including without limitation the Subscription Agreement (collectively, the "**Transaction Documents**"); and

**WHEREAS**, the Company desires to establish an escrow account with the Escrow Agent into which the Company shall instruct the Investors to deposit checks or make a wire transfer for the payment of money made payable to the order of "WILMINGTON TRUST, N.A. as Escrow Agent for FullPAC Escrow," and the Escrow Agent is willing to accept said checks and other instruments for the payment of money in accordance with the terms hereinafter set forth; and

**WHEREAS**, the Company represents and warrants to the Escrow Agent that it has not stated to any individual or entity that the Escrow Agent's duties will include anything other than those duties stated in this Agreement; and

**WHEREAS, THE COMPANY UNDERSTANDS THAT THE ESCROW AGENT, BY ACCEPTING THE APPOINMTMENT AND DESIGNATION AS ESCROW AGENT HEREUNDER, IN NO WAY ENDORSES THE MERITS OF THE OFFERING OF THE SECURITIES. THE COMPANY AGREES TO NOTIFY ANY PERSON ACTING ON ITS BEHALF THAT THE ESCROW AGENT'S POSITION AS ESCROW AGENT DOES NOT CONSTITUTE SUCH AN ENDORSEMENT, AND TO PROHIBIT SAID PERSONS FROM THE USE OF THE ESCROW AGENT'S NAME AS AN ENDORSER OF SUCH OFFERING.** The Company further agrees to include with any sales literature, in which the Escrow Agent's name appears and which is used in connection with such offering, a statement to the effect that the Escrow Agent in no way endorses the merits of the offering; and

**WHEREAS**, the Company represents and warrants to the Escrow Agent that a copy of each document that has been delivered to the Investor and third parties that include Escrow Agent's name and duties, has been attached hereto as <u>Schedule I</u>.

**NOW, THEREFORE, IT IS AGREED** as follows:

Article 1

ESCROW DEPOSIT

**Section 1.1 <u>Delivery of Escrow Funds</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall instruct the Investor to deliver to Escrow Agent checks made payable to the order of "WILMINGTON TRUST, N.A. as Escrow Agent for FullPAC Escrow", or wire transfer to:

Wilmington Trust, N.A.

ABA #: 031100092

A/C #: 179277-000

A/C Name: FullPAC Escrow

International Wires:

M&T

Buffalo, New York

ABA: 022000046

SWIFT: MANTUS33

Beneficiary Bank: Wilmington Trust

Beneficiary ABA: 031100092

A/C #: 179277-000

A/C Name: FullPAC Escrow

All such checks and wire transfers remitted to the Escrow Agent shall be accompanied by information identifying each Investor, subscription, the Investor's social security or taxpayer identification number and address. In the event the Investor's address and/or social security number or taxpayer identification number are not provided to Escrow Agent by the Investor, then the Company agrees to promptly upon request provide Escrow Agent with such information in writing. The checks or wire transfers shall be deposited into a non interest-bearing account at WILMINGTON TRUST, **NATIONAL ASSOCIATION** entitled "WILMINGTON TRUST, N.A. as Escrow Agent for FullPAC Escrow" (the "**Escrow Account**").

<u>Checks should be mailed to the following address</u>:

Wilmington Trust, N.A.

1100 North Market Street

Wilmington, DE 19890

Attn: Workflow Management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The collected funds deposited into the Escrow Account are referred to as the "**Escrow Funds**."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Escrow Agent shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of the Escrow Agent shall be to return the check to the Investor and advise the Company promptly thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All funds received by the Escrow Agent shall be held only in non-interest bearing bank accounts at WILMINGTON TRUST, NATIONAL ASSOCIATION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In the event that market conditions are such that negative interest applies to amounts deposited with the Escrow Agent, the Company shall be responsible for the payment of such interest and the Escrow Agent shall be entitled to deduct from amounts on deposit with it an amount necessary to pay such negative interest. For the avoidance of doubt, the indemnification protections afforded to the Escrow Agent under Section 2.2 of this Agreement shall cover any interest-related expenses (including, but not limited to, negative interest) incurred by the Escrow Agent in the performance of its duties hereunder.

**Section 1.2 <u>Release of Escrow Funds</u>**. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that the Company advises the Escrow Agent in writing that the Offering has been terminated (the "**Termination Notice**"), the Escrow Agent shall promptly return the funds paid by each Investor to such Investor without interest or offset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At each Closing, the Company shall provide the Escrow Agent with written instructions regarding the disbursement of the Escrow Funds in accordance with **<u>Exhibit A</u>** attached hereto and made a part hereof and signed by the Company (the "**Written Direction**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If by 5:00 P.M. Eastern time on the Final Termination Date, the Escrow Agent has not received Written Direction from the Company regarding the disbursement of the Escrow Funds in the Escrow Account, if any, then the Escrow Agent shall promptly return such Escrow Funds, if any, to the Investors without interest or offset. The Escrow Funds returned to the Investors shall be free and clear of any and all claims of the Escrow Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Escrow Agent shall not be required to pay any uncollected funds or any funds that are not available for withdrawal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company will provide the Escrow Agent with the payment instructions for each Investor, to whom the funds should be returned in accordance with this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the event that Escrow Agent makes any payment to any other party pursuant to this Escrow Agreement and for any reason such payment (or any portion thereof) is required to be returned to the Escrow Account or another party or is subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a receiver, trustee or other party under any bankruptcy or insolvency law, other federal or state law, common law or equitable doctrine, then the recipient party shall repay to the Escrow Agent upon written request the amount so paid to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Escrow Agent shall, in its sole discretion, comply with judgments or orders issued or process entered by any court with respect to the Escrow Amount, including without limitation any attachment, levy or garnishment, without any obligation to determine such court's jurisdiction in the matter and in accordance with its normal business practices. If the Escrow Agent complies with any such judgment, order or process, then it shall not be liable to any of the Parties or any other person by reason of such compliance, regardless of the final disposition of any such judgment, order or process.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Each Party understands and agrees that Escrow Agent shall have no obligation or duty to act upon a written direction delivered to Escrow Agent for the disbursement of all or part of the Escrow Amount under this Agreement (a "Written Direction") if such Written Direction is not

&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) in writing,

&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) signed by any individual designated by Company on Exhibit B hereto (each such individual an "Authorized Representative"), 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;(iii) delivered to, and able to be authenticated by, Escrow Agent in accordance with Section 1.4 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Upon request by any Party, the Escrow Agent set up each Party with on-line access to the account(s) established pursuant to this Agreement, which each Party can use to view and verify transaction on such account(s).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) A Party may specify in a Written Direction whether such Escrow Amount shall be disbursed by way of wire transfer or check. If the written notice for the disbursement of funds does not so specify the disbursement means, Escrow Agent may disburse the Escrow Amount by wire transfer.

**Section 1.3 <u>Written Direction and Other Instruction</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) With
 respect to any Written Direction or any other notice, direction or other instruction required
 to be delivered by a Party to Escrow Agent under this Agreement, Escrow Agent is authorized
 to follow and rely upon any and all such instructions given to it from time to time if the
 Escrow Agent believes, in good faith, that such instruction is genuine and to have been signed
 by an Authorized Representative of such Party. Escrow Agent shall have no duty or obligation
 to verify that the person who sent such instruction is, in fact, a person duly authorized
 to give instructions on behalf of a Party, other than to verify that the signature of the
 Authorized Representative on any such instruction appears to be the signature of such person.
 Each Party acknowledges and agrees that it is fully informed of the protections and risks
 associated with the various methods of transmitting instructions to Escrow Agent, and that
 there may be more secure methods of transmitting instructions other than the method selected
 by such Party. Escrow Agent shall have no responsibility or liability for any loss which
 may result from (i) any action taken or not taken by Escrow Agent in good faith reliance
 on any such signatures or instructions, (ii) as a result of a Party's reliance upon
 or use of any particular method of delivering instructions to Escrow Agent, including the
 risk of interception of such instruction and misuse by third parties, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any officer or Authorized Representative of a Party named in an incumbency certificate or Exhibit B delivered hereunder prior to actual receipt by the Escrow Agent of a more current incumbency certificate or an updated Exhibit B and a reasonable time for the Escrow Agent to act upon such updated or more current certificate or Exhibit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Company may, at any time, update Exhibit B by signing and submitting to the Escrow Agent an updated Exhibit. Any updated Exhibit shall not be effective unless the Escrow Agent countersigns a copy thereof. The Escrow Agent shall be entitled to a reasonable time to act to implement any changes on an updated Exhibit.

**Section 1.4 <u>Delivery and Authentication of Written Direction</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A Written Direction must be delivered to Escrow Agent by one of the delivery methods set forth in Section 3.3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Party and Escrow Agent hereby agree that the following security procedures will be used to verify the authenticity of a Written Direction delivered by any Party to Escrow Agent under this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The
 Written Direction must include the name and signature of the person delivering the disbursement
 request to Escrow Agent. Escrow Agent will check that the name and signature of the person
 identified on the Written Direction appears to be the same as the name and signature of an
 Authorized Representative of such Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Escrow
 Agent will make a telephone call to an Authorized Representative of the Party purporting
 to deliver the Written Direction (which Authorized Representative may be the same as the
 Authorized Representative who delivered the Written Direction) at any telephone number for
 such Authorized Representative as set forth on Exhibit B to obtain oral confirmation of delivery
 of the Written Direction; and

(iii) If
 the Written Direction is sent by email to Escrow Agent, Escrow Agent also shall review such
 email address to verify that it appears to have been sent from an email address for an Authorized
 Representative of one of the Parties as set forth on Exhibit B, or from an email address
 for a person authorized under Exhibit B, to email a Written Direction to Escrow Agent on
 behalf of the Authorized Representative).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Party acknowledges and agrees that given its particular circumstances, including the nature of its business, the size, type and frequency of its instructions, transactions and files, internal procedures and systems, the alternative security procedures offered by Escrow Agent and the security procedures in general use by other customers and banks similarly situated, the security procedures set forth in this Section 1.4 are a commercially reasonable method of verifying the authenticity of a payment order in a Written Direction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Escrow Agent is authorized to execute, and each Party expressly agrees to be bound by any payment order in a Written Direction issued in its name (and associated funds transfer) (i) that is accepted by Escrow Agent in accordance with the security procedures set forth in this Section 1.4 , whether or not authorized by such Party and/or (ii) that is authorized by or on behalf of such Party or for which such Party is otherwise bound under the law of agency, whether or not the security procedures set forth in this Section 1.4 were followed, and to debit the Escrow Account for the amount of the payment order. Notwithstanding anything else, Escrow Agent shall be deemed to have acted in good faith and without negligence, gross negligence or misconduct if Escrow Agent is authorized to execute the payment order under this Section 1.4. Any action taken by Escrow Agent pursuant to this paragraph prior to Escrow Agent's actual receipt and acknowledgement of a notice of revocation, cancellation or amendment of a Written Direction shall not be affected by such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The security procedures set forth in this Section 1.4 are intended to verify the authenticity of payment orders provided to Escrow Agent and are not designed to, and do not, detect errors in the transmission or content of any payment order. Escrow Agent is not responsible for detecting an error in the payment order, regardless of whether any of the Parties believes the error was apparent, and Escrow Agent is not liable for any damages arising from any failure to detect an error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) When instructed to credit or pay a party by both name and a unique numeric or alpha-numeric identifier (e.g. ABA number or account number), Escrow Agent, and any other banks participating in the funds transfer, may rely solely on the unique identifier, even if it identifies a party different than the party named. Each Party agrees to be bound by the rules of any funds transfer network used in connection with any payment order accepted by Escrow Agent hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Escrow Agent shall not be obliged to make any payment requested under this Escrow Agreement if it is unable to validate the authenticity of the request by the security procedures set forth in this Section 1.4. Escrow Agent's inability to confirm a payment order may result in a delay or failure to act on that payment order. Notwithstanding anything else in this Agreement, Escrow Agent shall not be required to treat a payment order as having been received until Escrow Agent has authenticated it pursuant to the security procedures in this Section 1.4 and shall not be liable or responsible for any losses arising in relation to such delay or failure to act.

ARTICLE 2

PROVISIONS CONCERNING THE ESCROW AGENT

**Section 2.1 <u>Acceptance by Escrow Agent</u>**. The Escrow Agent hereby accepts and agrees to perform its obligations hereunder, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Escrow Agent shall be entitled to rely upon any order, judgment, opinion, or other writing delivered to it in compliance with the provisions of this Agreement without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity of service thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken by the Escrow Agent in accordance with the advice of counsel or other professionals retained or consulted by the Escrow Agent. The Escrow Agent shall be reimbursed as set forth in Section 2.2 for any and all compensation (fees, expenses and other costs) paid and/or reimbursed to such counsel and/or professionals. The Escrow Agent may perform any and all of its duties through its agents, representatives, attorneys, custodians, and/or nominees and shall not be responsible for the acts or omissions of such agents, representatives, attorneys, custodians or nominees appointed with due care.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder, the Escrow Agent shall be entitled to (i) refrain from taking any action other than to keep safely the Escrow Funds until it shall be directed otherwise by a court of competent jurisdiction, or (ii) deliver the Escrow Funds to a court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Escrow Agent shall have no duty, responsibility or obligation to interpret or enforce the terms of any agreement other than Escrow Agent's obligations hereunder, and the Escrow Agent shall not be required to make a request that any monies be delivered to the Escrow Account The Escrow Agent makes no representation as to the validity, value, genuineness or collectability of any security or other document or instrument held by or delivered to it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Escrow Agent shall be obligated to perform only such duties as are expressly set forth in this Agreement. No implied covenants or obligations shall be inferred from this Agreement against the Escrow Agent, nor shall the Escrow Agent be bound by the provisions of any agreement by the Company beyond the specific terms hereof. Without limiting the foregoing, the Escrow Agent shall dispose of the Escrow Funds in accordance with the express provisions of this Agreement, and has not reviewed and shall not make, be required to make or be liable in any manner for its failure to make, any determination under any other document, or any other agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No term or provision of this Agreement is intended to create, nor shall any such term or provision be deemed to have created, any trust, joint venture, partnership, between or among the Escrow Agent and any of the Parties.

**Section 2.2. <u>Indemnification</u>**. The Company agrees to indemnify and hold the Escrow Agent and its employees, officers, directors and agents (the "Indemnified Parties") the "Indemnified Parties") harmless from any and against all liabilities, losses, actions, suits or proceedings at law or in equity, and any other expenses, fees or charges of any character or nature, (including, without limitation, negative interest, attorney's fees and expenses and the costs of enforcement of this Escrow Agreement or any provision thereof), which an Indemnified Party may incur or with which it may be threatened by reason of acting as or on behalf of the Escrow Agent under this Escrow Agreement or arising out of the existence of the Escrow Account, except to the extent the same shall be have been finally adjudicated to have been directly caused by the Escrow Agent's gross negligence or willful misconduct. The Company agrees to pay or reimburse the Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Funds incurred in connection herewith and shall indemnify and hold harmless the Escrow Agent with respect to any amounts that it is obligated to pay in the way of such taxes. The terms of this paragraph shall survive termination of this Agreement.

**Section 2.3. <u>Limitation of Liability</u>. the escrow agent SHALL NOT be liable, directly or indirectly, for any (i) damages, Losses or expenses arising out of the services provided hereunder, other than damages, losses or expenses which have been finally adjudicated to have DIRECTLY resulted from the escrow agent's gross negligence or willful misconduct, or (ii) special, Indirect, INCIDENTAL, PUNITIVE, or consequential damages or LOSSES OF ANY KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), even if the escrow agent has been advised of the possibility of such LOSSES OR damages AND REGARDLESS OF THE FORM OF ACTION, OR (III) AMOUNT IN EXCESS OF THE ESCROW FUNDS.**

**Section 2.4. <u>Resignation and Termination of the Escrow Agent</u>**. The Escrow Agent may resign at any time by giving 30 days' prior written notice of such resignation to the Company. Upon providing such notice, the Escrow Agent shall have no further obligation hereunder except to hold as depositary the Escrow Funds that it receives until the end of such 30-day period. In such event, the Escrow Agent shall not take any action, other than receiving and depositing the Investor's checks and wire transfers in accordance with this Agreement, until the Company has designated a banking corporation, trust company, attorney or other person as successor. Upon receipt of such written designation signed by the Company, the Escrow Agent shall promptly deliver the Escrow Funds to such successor and shall thereafter have no further obligations hereunder. If the Company has failed to appoint a successor escrow agent prior to the expiration of thirty (30) days following the delivery of such notice of resignation or removal, the Escrow Agent shall be entitled, at its sole discretion and at the expense of the Company, to (a) return the Escrow Funds to the Company, or (b) petition any court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief, and any such resulting appointment shall be binding upon the parties. In either case provided for in this paragraph, the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds.

**Section 2.5 <u>Termination</u>**. The Company may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such termination shall take effect, which date shall be at least 30 days from the date of such notice. In the event of such termination, the Company shall, within 30 days of such notice, appoint a successor escrow agent and the Escrow Agent shall, upon receipt of written instructions signed by the Company, turn over to such successor escrow agent all of the Escrow Funds Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds and under this Agreement. If the Company has failed to appoint a successor escrow agent prior to the expiration of thirty (30) days following the delivery of the notice of termination, the Escrow Agent shall be entitled, at its sole discretion and at the expense of the Company, to (a) return the Escrow Funds to the Company, or (b) petition any court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief, and any such resulting appointment shall be binding upon the parties.

**Section 2.6 <u>Compensation</u>**. Escrow Agent shall be entitled, for the duties to be performed by it hereunder, to compensation as stated in the schedule attached hereto as Schedule III, which fee shall be paid by the Company within five (5) business days of the signing of this Agreement. In addition, the Company shall be obligated to reimburse Escrow Agent for all fees, costs and expenses incurred or that become due in connection with this Agreement or the Escrow Account, including attorney's fees. Neither the modification, cancellation, termination, resignation or rescission of this Agreement nor the resignation or termination of the Escrow Agent shall affect the right of Escrow Agent to retain the amount of any fee which has been paid, or to be reimbursed or paid any amount which has been incurred or becomes due, prior to the effective date of any such modification, cancellation, termination, resignation or rescission. To the extent the Escrow Agent has incurred any such expenses, or any such fee becomes due, prior to any closing, the Escrow Agent shall advise the Company and the Company shall direct all such amounts to be paid directly at any such closing. As security for the due and punctual performance of any and all of the Company's obligations to the Escrow Agent hereunder, now or hereafter arising, the Company, hereby pledges, assigns and grants to the Escrow Agent a continuing security interest in, and a lien on and right of setoff against, the Escrow Funds and all distributions thereon, investments thereof or additions thereto. If any fees, expenses or costs incurred by, or any obligations owed to, the Escrow Agent hereunder are not promptly paid when due then following five (5) Business Days written notice by the Escrow Agent of its intent to set-off against the Escrow Funds, the Escrow Agent may reimburse itself therefor from the Escrow Funds, and may sell, convey or otherwise dispose of any Escrow Funds for such purpose. The security interest and setoff rights of the Escrow Agent shall at all times be valid, perfected and enforceable by the Escrow Agent against the Parties and all third parties in accordance with the terms of this Escrow Agreement. The terms of this paragraph shall survive termination of this Agreement. Notwithstanding anything contained herein to the contrary and for the avoidance of doubt, the Company hereby agrees that any fee contemplated under this Section 2.6 is still due and payable even in the event the Company delivers a Termination Notice pursuant to Section 1.2(a) herein or funds are returned to Investors on the Final Termination Date pursuant to Section 1.2(c) herein.

**Section 2.7. <u>Merger or Consolidation</u>**. Any corporation or association into which the Escrow Agent may be converted or merged, or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation or transfer to which the Escrow Agent is a party, shall be and become the successor escrow agent under this Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution or filing of any instrument or paper or the performance of any further act.

**Section 2.8. <u>Attachment of Escrow Funds; Compliance with Legal Orders</u>**. In the event that any Escrow Amount shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of a court, or any order, judgment or decree shall be made or entered by any court order affecting the Escrow Funds , the Escrow Agent is hereby expressly authorized, in its sole discretion, to respond as it deems appropriate or to comply with all writs, orders or decrees so entered or issued, or which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction. In the event that the Escrow Agent obeys or complies with any such writ, order or decree it shall not be liable to any Party or to any other person, firm or corporation, should, by reason of such compliance notwithstanding, such writ, order or decree be subsequently reversed, modified, annulled, set aside or vacated.

**Section 2.9 <u>Force Majeure</u>**. The Escrow Agent shall not be responsible or liable for any failure or delay in the performance of its obligation under this Escrow Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; wars; acts of terrorism; civil or military disturbances; sabotage; epidemic; pandemics; riots; interruptions; loss or malfunctions of utilities including but not limited to, computer (hardware or software), payment systems, or communications services; accidents; labor disputes; acts of civil or military authority or governmental action; hacking, cyber-attacks or other unauthorized infiltration of Escrow Agent's information technology infrastructure; it being understood that the Escrow Agent shall use commercially reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as reasonably practicable under the circumstances.

**Section 2.10 <u>No Financial Obligation</u>**. Escrow Agent shall not be required to use its own funds in the performance of any of its obligations or duties or the exercise of any of its rights or powers, and shall not be required to take any action which, in Escrow Agent's sole and absolute judgment, could involve it in expense or liability unless furnished with security and indemnity which it deems, in its sole and absolute discretion, to be satisfactory.

ARTICLE 3

MISCELLANEOUS

**Section 3.1. <u>Successors and Assigns</u>**. This Agreement shall be binding on and inure to the benefit of each Party and the Escrow Agent and their respective successors and permitted assigns. No other persons shall have any rights under this Agreement. No assignment of the interest of any of the Parties shall be binding unless and until written notice of such assignment shall be delivered to the other Parties and Escrow Agent and shall require the prior written consent of the other Parties and Escrow Agent (such consent not to be unreasonably withheld).

**Section 3.2. <u>Escheat</u>**. Each Party is aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow Agent shall have no liability to any of the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrow Funds escheat by operation of law.

**Section 3.3. <u>Notices</u>**. All notices, requests, demands, and other communications required under this Escrow Agreement shall be in writing, in English, and shall be deemed to have been duly given if delivered (i) personally, (ii) by facsimile transmission with written confirmation of receipt, (iii) by overnight delivery with a reputable national overnight delivery service, (iv) by mail or by certified mail, return receipt requested, and postage prepaid, or (v) by electronic transmission; including by way of e-mail (as long as such email is accompanied by a PDF or similar version of the relevant document bearing the signature of an Authorized Representative for the Party sending the notice) with email confirmation of receipt. If any notice is mailed, it shall be deemed given five business days after the date such notice is deposited in the United States mail. If notice is given to a party, it shall be given at the address for such party set forth below. It shall be the responsibility of the Company to notify the Escrow Agent in writing of any name or address changes. In the case of communications delivered to the Escrow Agent, such communications shall be deemed to have been given on the date received by the Escrow Agent.

If to the Company:

*FullPAC, Inc.*

*Ryan Deal*

*General Counsel*

 

 *1206 Laskin Road Suite 201-O*

*Virginia Beach, VA 23451*

*(202)-350-4040*

*ryan@fullpac.com*

Copy:

*Haynes and Boone LLP*

*Attn: Alla Digilova*

*30 Rockefeller Plaza 26<sup>th</sup> Floor*

*(212)-659-4993*

*Alla.Digilova@haynesboone.com*

 

 

If to Escrow Agent:

Wilmington Trust, National Association

50 South 6<sup>th</sup> Street, Suite 1290

Minneapolis, MN 55402

Attn: Lance Schonert

Telephone:612-217-5681

Email Address: LSchonert@wilmingtontrust.com

**Section 3.4. <u>Governing Law and Jurisdiction</u>**. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. Each Party and Escrow Agent hereby consents to the exclusive personal jurisdiction of the courts located in the State of Delaware in the event of a dispute arising out of or under this Agreement. Each Party and Escrow Agent hereby irrevocably waives any objection to the laying of the venue of any suit, action or proceeding and irrevocably submits to the exclusive jurisdiction of such court in such suit, action or proceeding.

**Section 3.5. <u>Entire Agreement</u>**. This Agreement and the Exhibits attached hereto (as updated from time to time in accordance herewith) set forth the entire agreement and understanding of the parties related to the Escrow Amount. If a court of competent jurisdiction declares a provision invalid, it will be ineffective only to the extent of the invalidity, so that the remainder of the provision and Escrow Agreement will continue in full force and effect.

**Section 3.6. <u>Amendment</u>**. This Agreement may be amended, modified, superseded, rescinded, or canceled only by a written instrument executed by each of the Parties and the Escrow Agent.

**Section 3.7. <u>Waivers</u>**. The failure of any party to this Agreement at any time or times to require performance of any provision under this Agreement shall in no manner affect the right at a later time to enforce the same performance. A waiver by any party to this Agreement of any such condition or breach of any term, covenant, representation, or warranty contained in this Agreement, in any one or more instances, shall neither be construed as a further or continuing waiver of any such condition or breach nor a waiver of any other condition or breach of any other term, covenant, representation, or warranty contained in this Agreement.

**Section 3.8. <u>Headings</u>**. Section headings of this Agreement have been inserted for convenience of reference only and shall in no way restrict or otherwise modify any of the terms or provisions of this Escrow Agreement.

**Section 3.9. Electronic Signatures; Facsimile Signatures; Counterparts.** This Escrow Agreement may be executed in one or more counterparts. Such execution of counterparts may occur by manual signature, electronic signature, facsimile signature, manual signature transmitted by means of facsimile transmission or manual signature contained in an imaged document attached to an email transmission, and any such execution that is not by manual signature shall have the same legal effect, validity and enforceability as a manual signature. Each such counterpart executed in accordance with the foregoing shall be deemed an original, with all such counterparts together constituting one and the same instrument. The exchange of executed copies of this Escrow Agreement or of executed signature pages to this Escrow Agreement by electronic transmission, facsimile transmission or as an imaged document attached to an email transmission shall constitute effective execution and delivery hereof. Any copy of this Escrow Agreement which is fully executed and transmitted in accordance with the terms hereof may be used for all purposes in lieu of a manually executed copy of this Escrow Agreement and shall have the same legal effect, validity and enforceability as if executed by manual signature.

**Section 3.10. <u>Waiver of Jury Trial.</u> EACH OF THE PARTIES HERETO AND THE ESCROW AGENT EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN RESOLVING ANY CLAIM OR COUNTERCLAIM RELATING TO OR ARISING OUT OF THIS AGREEMENT.**

**Section 3.11 <u>Termination</u>**. This Agreement will terminate upon the Final Termination Date.

**Section 3.12 <u>Anti-Terrorism/Anti-Money Laundering Laws</u>**.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT - To help the United States government fight the funding of terrorism or money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a new account. What this means for the parties to this Agreement: the Escrow Agent will ask for your name, address, date of birth, and other information that will allow the Escrow Agent to identify you (e*.g.*, your social security number or tax identification number.) The Escrow Agent may also ask to see your driver's license or other identifying documents (*e.g.,* passport, evidence of formation of corporation, limited liability company, limited partnership, etc., certificate of good standing.)

**[The balance of this page intentionally left blank – signature page follows]**

**IN WITNESS WHEREOF**, the parties have duly executed this Agreement as of the date first set forth above.

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| | |
|:---|:---|
| FULLPAC, INC. | FULLPAC, INC. |
| By: | */s/Travis Trawick* |
| Name: | Travis Trawick |
| Title: | Chief Executive Officer |

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| | |
|:---|:---|
| WILMINGTON TRUST, NATIONAL ASSOCIATION | WILMINGTON TRUST, NATIONAL ASSOCIATION |
| as Escrow Agent | as Escrow Agent |
| By: | */s/ Lance Schonert* |
| Name: | Lance Schonert |
| Title: | Assistant Vice President |

---

## Add

**Exhibit 11.1**

![](ex11-1_001.jpg)

C**ONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation in the Regulation A Offering Statement on Form 1-A of our report dated September 5, 2025 of FullPac, Inc. relating to the audit of the consolidated financial statements as of December 31, 2024 and 2023, and for the periods then ended, and the reference to our firm under the caption "Experts" in the Offering Statement.

/s/ M&K CPAS, PLLC

The Woodlands, TX

September 8, 2025

## Add

**Exhibit 99.1**

**CONSENT OF DIRECTOR NOMINEE**

Pursuant to Rule 438 under the Securities Act of 1933, as amended (the "Securities Act"), I hereby consent to being named as a person who will be appointed to the Board of Directors of FullPAC, Inc., a Nevada corporation (the "Company"), and to all other references to me, in the Company's Offering Statement on Form 1-A filed with the U.S. Securities and Exchange Commission under the Securities Act, and any and all amendments (including post-qualification amendments) to such Offering Statement (collectively, the "Offering Statement"). I also consent to the filing of this consent as an exhibit to the Offering Statement.

<u>/s/ Joanna Massey</u>

Joanna Massey

Dated: September 8, 2025

## Add

**Exhibit 99.2**

**CONSENT OF DIRECTOR NOMINEE**

Pursuant to Rule 438 under the Securities Act of 1933, as amended (the "Securities Act"), I hereby consent to being named as a person who will be appointed to the Board of Directors of FullPAC, Inc., a Nevada corporation (the "Company"), and to all other references to me, in the Company's Offering Statement on Form 1-A filed with the U.S. Securities and Exchange Commission under the Securities Act, and any and all amendments (including post-qualification amendments) to such Offering Statement (collectively, the "Offering Statement"). I also consent to the filing of this consent as an exhibit to the Offering Statement.

<u>/s/ Robert Steele</u>

Robert Steele

Dated: September 8, 2025

## Add

**Exhibit 99.3**

**CONSENT OF DIRECTOR NOMINEE**

Pursuant to Rule 438 under the Securities Act of 1933, as amended (the "Securities Act"), I hereby consent to being named as a person who will be appointed to the Board of Directors of FullPAC, Inc., a Nevada corporation (the "Company"), and to all other references to me, in the Company's Offering Statement on Form 1-A filed with the U.S. Securities and Exchange Commission under the Securities Act, and any and all amendments (including post-qualification amendments) to such Offering Statement (collectively, the "Offering Statement"). I also consent to the filing of this consent as an exhibit to the Offering Statement.

/s/ Isaac Dietrich

Isaac Dietrich

Dated: September 8, 2025

## Add

**Exhibit 99.4**

**CONSENT OF DIRECTOR NOMINEE**

Pursuant to Rule 438 under the Securities Act of 1933, as amended (the "Securities Act"), I hereby consent to being named as a person who will be appointed to the Board of Directors of FullPAC, Inc., a Nevada corporation (the "Company"), and to all other references to me, in the Company's Offering Statement on Form 1-A filed with the U.S. Securities and Exchange Commission under the Securities Act, and any and all amendments (including post-qualification amendments) to such Offering Statement (collectively, the "Offering Statement"). I also consent to the filing of this consent as an exhibit to the Offering Statement.

<u>/s/ Jason Adelman</u>

Jason Adelman

Dated: September 8, 2025

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

## FORM 1-A

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

### Item 1. Issuer Information

**Exact name of issuer:** FullPAC, Inc.

**Jurisdiction of Incorporation/Organization:** NV

**Year of Incorporation:** 2025

**CIK:** 0002076148

**I.R.S. Employer Identification Number:** 39-2886611

**Primary Standard Industrial Classification Code:** 4899

**Total number of full-time employees:** 4

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

**Address of Principal Executive Offices:** 1206 LASKIN ROAD, STE. 201-O, VIRGINIA BEACH, VA 23451

**Company Phone:** 757-821-2121

**Person to contact:** Travis Trawick

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount      |
|:---|:---|
| Cash and Cash Equivalents                | $148224.00  |
| Investment Securities                    | $0.00       |
| Accounts and Notes Receivable            | $0.00       |
| Property, Plant and Equipment (PP&E)     | $804.00     |
| Total Assets                             | $223044.00  |
| Accounts Payable and Accrued Liabilities | $220248.00  |
| Long-Term Debt                           | $162247.00  |
| Total Liabilities                        | $382495.00  |
| Total Stockholders' Equity               | $-159451.00 |
| Total Liabilities and Equity             | $223044.00  |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount      |
|:---|:---|
| Total Revenues                            | $233875.00  |
| Costs and Expenses Applicable to Revenues | $57245.00   |
| Depreciation and Amortization             | $30421.00   |
| Net Income                                | $-251978.00 |
| Earnings Per Share - Basic                | -0.02       |
| Earnings Per Share - Diluted              | -0.02       |

**Auditor Information**

| Metric          | Amount         |
|:---|:---|
| Name of Auditor | M&K CPAS, PLLC |

### Outstanding Securities

| Class        |   Outstanding |     CUSIP | Publicly Traded   |
|:---|---:|---:|:---|
| Common Stock |      20000000 | 359853108 | N/A               |
| N/A          |             0 | 000000000 | N/A               |
| N/A          |             0 | 000000000 | N/A               |

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

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

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

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

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

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

**Was or is the offering to commence within two days after qualification?** Yes

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

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

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

**Offering Amounts**

| Description                                                     | Amount   |
|:---|:---|
| Number of securities offered                                    | 10000000 |
| Number of securities outstanding                                | 20000000 |
| Price per security                                              |  |
| Issuer's aggregate offering price                               | $0.00    |
| Aggregate offering price of securities held by security holders | $0.00    |
| Aggregate price of securities offered concurrently              | $0.00    |
| Total aggregate offering price                                  | $0.00    |

**Anticipated Fees**

| Service Provider   | Name                  | Fees       |
|:---|:---|:---|
| Auditor            | M&K CPAS, PLLC        | $49500.00  |
| Legal              | Haynes and Boone, LLP | $175000.00 |
| Promoters          |  |  |

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

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

AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC, PR