# EDGAR Filing Document

**Accession Number:** 0001729637
**File Stem:** 0001477932-25-008588
**Filing Date:** 2025-11
**Character Count:** 19563
**Document Hash:** 27fe1f89af3b08a92804ab2c3b814d24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-25-008588.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001477932-25-008588

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

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Karbon-X Corp.
- **CENTRAL INDEX KEY:** 0001729637
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 822882342
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 1-A/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12676
- **FILM NUMBER:** 251516724

**BUSINESS ADDRESS:**
- **STREET 1:** 1720 54- 5 AVE SW
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2P 0M2
- **BUSINESS PHONE:** 250-608-5435

**MAIL ADDRESS:**
- **STREET 1:** 1720 54- 5 AVE SW
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2P 0M2

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COCOLUV INC.
- **DATE OF NAME CHANGE:** 20180129

## Part

SEC File No. ______

**U.S. SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 1-A, TIER 2**

 **Amendment No. 1**

REGULATION A OFFERING CIRCULAR UNDER THE SECURITIES ACT OF 1933

---

| |
|:---|
| **KARBON-X CORP.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Exact name of issuer as specified in the Issuer's charter) |

---

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

(Jurisdiction of incorporation/organization)

**<u>2017</u>**

(Year of incorporation)

**<u>0001729637</u>**

CIK

**<u>541620</u>**

(Standard Industrial Classification Code)

**6575 West Loop South, Suite 500**

**Bellaire, TXC 77401**

**<u>(844) 462-3637</u>**

(Address and telephone number Principal Executive Offices)

**Chad Clovis**

**6575 West Loop South, Suite 500**

**Bellaire, TXC 77401**

**<u>(844) 462-3637</u>**

(Name, address, including zip code, and telephone number, including area code, of agent for service)

With a copy to:

**M. Richard Cutler**

**6575 West Loop South, Suite 500**

**Bellaire, TXC 77401**

**(713) 888-0040**

**<u>82-2882342</u>**

(I.R.S. Employer Identification Number)

This Preliminary Offering Circular shall only be qualified upon order of the Securities and Exchange Commission, unless a subsequent amendment is filed indicating the intention to become qualified by operation of the terms of Regulation A.

This Offering Circular follows the disclosure format of Form S-1, pursuant to the General Instructions of Part II(a)(1)(ii) of Form 1-A.

 **EXPLANATORY NOTE**

This Amendment No. 1 to the Form 1-A filed by Karbon-X Corp. is filed solely to include an updated auditor consent as requested by the Securities and Exchange Commission.

2<br>

PART III—EXHIBITS

The following exhibits are filed as part of this Annual Report.

The following Exhibits are included herein:

---

| | |
|:---|:---|
| **Exhibit No.**  | **Description** |
| [2.1](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex31.htm) | [Articles of lncorporation of Cocoluv, Inc. dated September 13, 2017 (incorporated by reference to Exhibit 3.1 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex31.htm) |
| [2.2](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex32.htm) | [Articles of Amendment of Cocoluv, Inc. April 22, 2025 (incorporated by reference to Exhibit 3.2 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex32.htm) |
| [2.3](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex33.htm) | [Bylaws (incorporated by reference to Exhibit 3.3 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex33.htm) |
| [6.1](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex101.htm) | [Reorganization Agreement among Karbon-X Corp., Karbon-X Project and Reymund Guillermo dated as of February 21, 2022. (incorporated by reference to Exhibit 3.1(i) of the Company's filing on Form 8-K filed with the Securities and Exchange Commission on July 1, 2022)](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex101.htm) |
| [6.2](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex102.htm) | [Employment Agreement dated February 17, 2022 between the Company and Chad Clovis (incorporated by reference to Exhibit 3.1(i) of the Company's filing on Form 8-K filed with the Securities and Exchange Commission on July 1, 2022)](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex102.htm) |
| [6.3](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex103.htm) | [Employment Agreement dated February 17, 2022 between the Company and Marita Dautel (incorporated by reference to Exhibit 3.1(i) of the Company's filing on Form 8-K filed with the Securities and Exchange Commission on July 1, 2022)](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex103.htm) |
| [6.4](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex104.htm) | [Commercial Lease Agreement dated May 6, 2022 between the Company and 459063 Ltd. (incorporated by reference to Exhibit 3.1(i) of the Company's filing on Form 8-K filed with the Securities and Exchange Commission on July 1, 2022)](http://www.sec.gov/Archives/edgar/data/1729637/000147793222004800/coco_ex104.htm) |
| [6.5](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex105.htm) | [Karbon-X Corp. 2024 Employees, Officers', Directors' and Consultants' Stock Option Plan, as amended (incorporated by reference to Exhibit 10.5 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex105.htm) |
| [6.6](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex106.htm) | [Joint Venture Agreement dated November 15, 2022 among Karbon-X Project, Silviculture Systems Corp. and 4EverForest Foundation (incorporated by reference to Exhibit 10.6 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex106.htm) |
| [6.7](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex107.htm) | [Joint Venture Partnership Agreement dated August 2023, among Karbon-X Corp., Metis Settlements Development Corporation, and Asokan Generational Developments Ltd. (incorporated by reference to Exhibit 10.7 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex107.htm) |
| [6.8](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex108.htm) | [Acquisition Agreement dated May 31, 2023 among Karbon-X Project, Silviculture Systems Corp. and 4EverForest Foundation (incorporated by reference to Exhibit 10.8 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex108.htm) |
| [6.9](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex109.htm) | [Carbon Credit Purchase Agreement effective as of October 14, 2024 between Karbon-X Corp. and Devvstream Holdings, Inc (incorporated by reference to Exhibit 10.9 of the Company's filing on Form 10-K, as amended, filed with the Securities and Exchange Commission on September 16, 2025).](http://www.sec.gov/Archives/edgar/data/1729637/000147793225006822/karx_ex109.htm) |
| [6.10](http://www.sec.gov/Archives/edgar/data/1729637/000147793225004842/karx_ex101.htm) | [Asset Purchase Agreement between Karbon-X Corp. and Allcot AG dated as of May 14, 2025 (incorporated by reference to Exhibit 10.1 of the Company's filing on Form 8-K filed with the Securities and exchange Commission on June 30, 2025.](http://www.sec.gov/Archives/edgar/data/1729637/000147793225004842/karx_ex101.htm) |
| [11.1](karx_ex12.htm) | [Consent of Cutler Law Group, P.C. (included in Exhibit 12)](karx_ex12.htm) |
| [11.2](karx_ex112.htm) | [Consent of Fruci & Associates II, PLLC dated November 24, 2025](karx_ex112.htm) |
| [12\*](karx_ex12.htm) | [Opinion of Cutler Law Group, P.C. (incorporated by reference to Exhibit 12 of the Company's filing on Form 1-A filed with the Securities and Exchange Commission on October 20, 2025)](karx_ex12.htm) |

---

\*Filed herewith

---

| |
|:---|
| 3 |
| *[**Table of Contents**](#TOC)* |

---

**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 Bellaire, Texas, on November 25, 2025.

---

| | | |
|:---|:---|:---|
| Dated: November 25, 2025 | **KARBON-X CORP.** | **KARBON-X CORP.** |
|  | By: | */s/ Chad Clovis* |
|  |  | Chad Clovis |
|  |  | Chief Executive Officer |
|  |  | (Principal Executive Officer) |
| Dated: November 25, 2025 | By:  | */s/ Adriana Ebell* |
|  |  | Adriana Ebell |
|  |  | Chief Financial Officer |
|  |  | (Chief Financial Officer and Principal Accounting Officer) |

---

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Chad Clovis, his true and lawful attorney-in-fact and agent, with full power of substitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to this Form 1-A offering statement, and to file the same with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and ratifying and confirming all that said attorney-in-fact and agent or his substitute or substitutes may lawfully do or cause to be done by virtue hereof.

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

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| <br> */s/ Chad Clovis* | <br> Director | <br> November 25, 2025 |
| Name: Chad Clovis<br>*/s/ Brett Hull* | <br>Director | <br>November 25, 2025 |
| Name: Brett Hull<br>*/s/ Justin Bourque* | <br>Director | <br>November 25, 2025 |
| Name: Justin Bourque |  |  |

---

## Ex1A-11

**EXHIBIT 11.2**

![](karx_ex112img4.jpg)

**<u>CONSENT OF INDEPENDENT REGISTERED ACCOUNTING FIRM</u>**

We consent to the incorporation by reference in this Registration Statement to Form 1-A, (File No. yet to be assigned) of our audit report dated September 15, 2025, with respect to the consolidated balance sheets of Karbon-X Corp. (the "Company") as of May 31, 2025 and 2024, and the related consolidated statements of operations, changes in shareholders' equity, and cash flows and the related notes (collectively referred to as the financial statements) for each of the two years in the period ended May 31, 2025.

Our report relating to those financial statements includes an emphasis of matter paragraph regarding substantial doubt as to the Company's ability to continue as a going concern.

![](karx_ex112img3.jpg)

Spokane, Washington

November 24, 2025

## Ex1A-12

**EXHIBIT 12**

---

| | |
|:---|:---|
|  | CUTLER LAW GROUP |
| **M. Richard Cutler, Esq** | Corporate Securities Law  |
| Admitted in California & Texas |  |

---

October 17, 2025

Karbon-X Corp.

6575 West Loop South, Suite 500

Bellaire, TX 77401

---

| | |
|:---|:---|
| **Re:**  | **Karbon-X Corp.** |

---

Gentlemen and Ladies:

Re: Opinion of Counsel - Registration Statement on Form 1-A

We have acted as counsel to you in connection with your filing of an offering statement on Form 1-A filed October 17, 2025 (the "registration statement"). The registration statement covers the contemplated sale of up to $5,000,000 in gross proceeds of between 2,083,333 and 12,500,000 shares of Karbon-X Corp. (the "company") for gross proceeds of up to $5,000,000 (the "shares").

We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinions set forth below, on certificates of officers of the company.

For purposes of this opinion we have reviewed your constating documents, corporate minutes and offering statement. We have firsthand knowledge of the authenticity of the documents reviewed.

Based on the foregoing, we are of the opinion that the shares have been duly authorized, and, upon issuance and sale in accordance with the terms of the registration statement, the shares will be validly issued and fully paid and non-assessable.

Based upon the foregoing and subject to the limitations set forth below, we are of the opinion that, when the offering statement becomes qualified, the shares, when issued by the company and delivered by the company against payment as contemplate0=d by the offering statement, will be duly and validly issued, fully paid and non-assessable

We consent to the filing of this opinion as an exhibit to the offering statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

---

| |
|:---|
| Very truly yours, |
| */s/ M. Richard Cutler* |
| Cutler Law Group, P.C. |

---

---

| | | |
|:---|:---|:---|
| 6575 West Loop South, Suite 400 |  | Tel (800) 606-7150 |
| Bellaire, Texas 77401 | www.cutlerlaw.com | Fax (713) 583-7150 |

---

### 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:** Karbon-X Corp

**Jurisdiction of Incorporation/Organization:** NV

**Year of Incorporation:** 2017

**CIK:** 0001729637

**I.R.S. Employer Identification Number:** 82-2882342

**Primary Standard Industrial Classification Code:** 8742

**Total number of full-time employees:** 25

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

**Address of Principal Executive Offices:** 6575 West Loop South, Suite 500, Bellaire, TX 77401

**Company Phone:** 844-462-3637

**Person to contact:** M. Richard Cutler

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount      |
|:---|:---|
| Cash and Cash Equivalents                | $704346.00  |
| Investment Securities                    | $0.00       |
| Accounts and Notes Receivable            | $3790954.00 |
| Property, Plant and Equipment (PP&E)     | $6132.00    |
| Total Assets                             | $6779972.00 |
| Accounts Payable and Accrued Liabilities | $1091701.00 |
| Long-Term Debt                           | $0.00       |
| Total Liabilities                        | $8149045.00 |
| Total Stockholders' Equity               | $1369973.00 |
| Total Liabilities and Equity             | $6779972.00 |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount       |
|:---|:---|
| Total Revenues                            | $3163772.00  |
| Costs and Expenses Applicable to Revenues | $2362305.00  |
| Depreciation and Amortization             | $0.00        |
| Net Income                                | $-7053492.00 |
| Earnings Per Share - Basic                | -0.08        |
| Earnings Per Share - Diluted              | -0.08        |

**Auditor Information**

| Metric          | Amount                      |
|:---|:---|
| Name of Auditor | Fruci & Associates II, PLLC |

### Outstanding Securities

| Class           |   Outstanding | CUSIP     | Publicly Traded   |
|:---|---:|:---|:---|
| Common Equity   |      86973148 | 19179P109 | OTCQX             |
|  |             0 | 0         |  |
| Debt Securities |       2301666 | 0         | 0                 |

### 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?** Yes

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

**Offering Amounts**

| Description                                                     | Amount      |
|:---|:---|
| Number of securities offered                                    | 2500000     |
| Number of securities outstanding                                | 86973148    |
| Price per security                                              | $0.50       |
| Issuer's aggregate offering price                               | $5000000.00 |
| Aggregate offering price of securities held by security holders | $0.00       |
| Aggregate price of securities offered concurrently              | $0.00       |
| Total aggregate offering price                                  | $5000000.00 |

**Anticipated Fees**

| Service Provider   | Name                       | Fees      |
|:---|:---|:---|
| Auditor            | Fruci & Associates II PLLC | $25000.00 |
| Legal              | Cutler Law Group P.C.      | $20000.00 |
| Promoters          |  | $0.00     |

**Estimated Net Proceeds to the Issuer:** $9940000.00

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

AK, AL, AR, AZ, CA, CO, CT, DC, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY, A0, A1, A2, A3, A4, A5, A6, A7, A9, B0, Z4, B8

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

**Name of Such Issuer:** Karbon-X Corp.

**Title of Securities Issued:** common stock and warrants

**Total Amount of Securities Issued:** 2605232

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

**Aggregate consideration:** $2,196,830 consideration in cash or conversion of convertible notes.

**Basis for aggregate consideration:** —

**Securities Act Exemption:** Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions by an issuer not involving any public offering.