# EDGAR Filing Document

**Accession Number:** 0002126221
**File Stem:** 0001199835-26-000186
**Filing Date:** 2026-5
**Character Count:** 511174
**Document Hash:** bf7b1a5276095aa8bccf5f8420e00b99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001199835-26-000186.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001199835-26-000186

**CONFORMED SUBMISSION TYPE**: 1-A

**PUBLIC DOCUMENT COUNT**: 52

**FILED AS OF DATE**: 20260522

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Recreatives Industries, Inc.
- **CENTRAL INDEX KEY:** 0002126221

**ORGANIZATION NAME:**
- **EIN:** 873525932
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12764
- **FILM NUMBER:** 261012597

**BUSINESS ADDRESS:**
- **STREET 1:** 1936 59TH TERRACE EAST
- **CITY:** BRADENTON
- **STATE:** FL
- **ZIP:** 34203
- **BUSINESS PHONE:** (800) 255-2511

**MAIL ADDRESS:**
- **STREET 1:** 1936 59TH TERRACE EAST
- **CITY:** BRADENTON
- **STATE:** FL
- **ZIP:** 34203

## Part

**PART II — OFFERING CIRCULAR**

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. To the extent not already qualified under Regulation A, these securities may not be sold nor may offers to buy be accepted before the offering statement filed with the Securities and Exchange Commission is qualified. This preliminary offering circular shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful before registration or qualification under the laws of any such state. We may elect to satisfy our obligation to deliver a final offering circular by sending you a notice within two business days after the completion of our sale to you that contains the URL where the final offering circular or the offering statement in which such final offering circular was filed may be obtained.

Preliminary Offering Circular Date of May 22, 2026 -- Subject to Completion, Dated May 26, 2026

![](recx_img1.jpg)

**RECREATIVES INDUSTRIES, INC.**

(A Nevada Corporation)

1936 59th Terrace East

Bradenton, Florida 34203

1-800-255-2511

www.maxatvs.com

**Offering Total: $2,500,000**

**Up to a Maximum of 250,000,000 Common Shares**

**Offering Price: $0.01 to $0.05 per Share**

The maximum number of shares is based on the lowest offering price of $0.01 per share. The actual number of shares sold will depend on the final offering price and may be as high as 250,000,000 shares if sold at $0.01 per share or as few as 50,000,000 shares if sold at $0.05 per share.

Offering Total: $2,500,000

Up to a Maximum of 250,000,000 Common Shares

Offering Price: $0.01 to $0.05 per Share

The maximum number of shares offered is based on the lowest offering price of $0.01 per share. The actual number of shares sold will depend on the final offering price and may be as few as 50,000,000 shares if sold at $0.05 per share or as many as 250,000,000 shares if sold at $0.01 per share.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Price to Public** | **Underwriting Discounts and Commissions** | **Proceeds to Issuer** | **Proceeds to Other Persons** |
| Per Share | $0.01 to $0.05 | $0 | $0.01 to $0.05 | $0 |
| Total Maximum | $2500000 | $0 | $2500000 | $0 |

---

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | Page |
| [CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS](#a_001) | [1](#a_001) |
| [SUMMARY](#a_002) | [2](#a_002) |
| [THE OFFERING](#a_003) | [2](#a_003) |
| [RISK FACTORS](#a_004) | [2](#a_004) |
| [DILUTION](#a_005) | [7](#a_005) |
| [DISTRIBUTION](#a_006) | [8](#a_006) |
| [USE OF PROCEEDS](#a_007) | [8](#a_007) |
| [DESCRIPTION OF BUSINESS](#a_008) | [11](#a_008) |
| [DESCRIPTION OF PROPERTY](#a_009) | [15](#a_009) |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#a_010) | [15](#a_010) |
| [MANAGEMENT](#a_011) | [16](#a_011) |
| [EXECUTIVE COMPENSATION](#a_012) | [18](#a_012) |
| [CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS](#a_013) | [19](#a_013) |
| [PRINCIPAL STOCKHOLDERS](#a_014) | [20](#a_014) |
| [DESCRIPTION OF SECURITIES](#a_015) | [20](#a_015) |
| [DIVIDEND POLICY](#a_016) | [21](#a_016) |
| [SECURITIES OFFERED](#a_017) | [21](#a_017) |
| [SHARES ELIGIBLE FOR FUTURE SALE](#a_018) | [21](#a_018) |
| [EXPERTS AND LEGAL MATTERS](#a_019) | [21](#a_019) |
| [WHERE YOU CAN FIND MORE INFORMATION](#a_020) | [22](#a_020) |
| [INDEX TO CONSOLIDATED FINANCIAL STATEMENTS](#a_021) | [F-1](#a_021) |

---

i

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

This offering circular contains forward-looking statements within the meaning of the federal securities laws. All statements in this offering circular other than statements of historical fact are forward-looking statements. These forward-looking statements are often identified by words such as "may," "will," "should," "aim," "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," "could," "would," "continue," or similar expressions, and variations or negatives of these words.

Forward-looking statements in this offering circular are based on our current expectations, estimates, assumptions, and projections about our business, the industry in which we operate, and general economic and market conditions. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, those described under "Risk Factors" and elsewhere in this offering circular.

You should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this offering circular or to reflect the occurrence of unanticipated events, except as required by applicable law.

In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this offering circular may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

**SUMMARY**

Recreatives Services, Inc. (RECX or the Company) is offering up to 250,000,000 shares of our common stock, par value $0.0001 per share, at a price of $0.01 to $0.05 per share, for maximum gross proceeds of $2,500,000. The actual number of shares sold will depend on the final offering price and may be as few as 50,000,000 shares if sold at $0.05 per share. The minimum investment is $2,500. The offering will commence upon qualification of the Offering Statement by the Securities and Exchange Commission and will terminate on the earlier of (i) twelve (12) months from the date of qualification, (ii) the date on which the maximum offering amount has been sold, or (iii) the date on which the offering is terminated by the Company in its sole discretion. We intend to use the net proceeds from this offering for the purposes described under "Use of Proceeds." As of March 31, 2026, we had approximately 249,689,097 shares of common stock outstanding. After giving effect to the sale of the maximum aggregate offering amount, we would have approximately 299,689,097 to 499,689,097 shares of common stock outstanding, depending on whether the offering price is $0.05 or $0.01 per share.

**THE OFFERING**

---

| | |
|:---|:---|
| **Offering Terms** | |
| **Securities Offered** | Securities Offered: Up to 250,000,000 shares of common stock, par value $0.0001 per share, assuming a minimum offering price of $0.01 per share; the actual number of shares sold will depend on the final offering price and may be as few as 50,000,000 shares if sold at $0.05 per share.<br>|
| **Offering Price** | At the price range of $0.01 per share to $0.05 per share. |
| **Maximum Offering Amount** | $2500000 |
| **Minimum Investment** | $2500 |
| **Offering Period** | The offering will commence upon qualification of the Offering Statement by the Securities and Exchange Commission and will terminate on the earlier of (i) twelve (12) months from the date of such qualification, (ii) the date on which the maximum offering amount has been sold, or (iii) the date on which the offering is terminated by the Company in its sole discretion. |
| **Use of Proceeds** | See "Use of Proceeds" section |
| **Outstanding Shares Before Offering** | Approximately 249,689,097 shares of common stock as of March 31, 2026 |
| **Outstanding Shares After Offering** | Approximately 299,689,097 to 499,689,097 shares, assuming the sale of the maximum aggregate offering amount of $2,500,000 at offering prices between $0.05 and $0.01 per share, respectively. |

---

 **RISK FACTORS**

**An investment in our securities involves a high degree of risk. You should carefully consider the following risk factors, together with all other information in this Offering Circular, before making a decision to invest in our securities.**

**Risks Related to Our Business and Industry**

**Key person dependence**

Our business is highly dependent on a limited number of key individuals, particularly Andrew Lapp, who serves as our primary officer, strategic leader, and principal driver of our MAX ATV business, and on the contributions of Matthew Baar and a small number of other key personnel. We have a limited management bench and no formal succession plan; if Mr. Lapp, Mr. Baar, or any other key member of management becomes unable or unwilling to continue in their current role, we could experience significant operational disruption, delays in executing our business plan, loss of key relationships, difficulty raising capital, and reduced market confidence, any of which could materially and adversely affect our business and the value of our common stock.

**Cybersecurity and data protection risks**

We rely on information technology systems, interconnected operational technology, third-party vendors, and cloud-based services for design, manufacturing, inventory management, financial reporting, and communications with customers, dealers, and suppliers. These systems may be vulnerable to cyberattacks, ransomware, phishing, supply-chain attacks, human error, and other security incidents that could disrupt production, compromise sensitive data, expose us to regulatory investigations or litigation, increase costs, and damage our reputation. Our cybersecurity resources, monitoring, and incident-response capabilities are limited relative to larger manufacturers, and a significant cyber incident could materially disrupt our operations and financial condition.

**Risks related to international expansion and military or government contracts**

As part of our growth strategy, we may seek to expand sales of MAX vehicles into Canada and other foreign markets and may pursue opportunities to sell to military, defense, or other governmental customers. International and government-related business can subject us to additional risks, including complex export and import controls, sanctions and trade compliance requirements, government procurement rules, changing defense priorities and budgets, foreign currency fluctuations, differing product standards and certification regimes, longer sales and payment cycles, political and regulatory uncertainty, and heightened reputational and compliance scrutiny. We may incur significant costs to adapt our products and operations to meet foreign or military specifications, and there is no assurance that we will be able to obtain, renew, or profitably perform any such contracts.

**Intellectual property risks**

Our competitive position depends in part on our MAX brand, trademarks, proprietary designs, manufacturing processes, software, and other trade secrets and know-how related to amphibious ATVs, some of which may not be protected by formal registrations or patents. We may be unable to prevent third parties from copying or reverse-engineering aspects of our products, misappropriating our trade secrets, or using confusingly similar marks, especially in foreign jurisdictions where enforcement may be more difficult. In addition, we could face claims that our products or branding infringe the intellectual property rights of others; any such claims, whether or not successful, could be costly to defend, could require us to redesign products, rebrand, obtain licenses on unfavorable terms, or stop selling certain products, and could materially adversely affect our business.

**Risks of promotional stock activity or market manipulation**

Microcap securities quoted on the OTC Pink market are especially vulnerable to promotional campaigns, stock touting, social-media driven trading, and other forms of market manipulation that can cause temporary spikes in trading volume and share price followed by sharp declines. Although we do not authorize or control any third-party promotions and intend to discourage manipulative or deceptive activity, we cannot prevent third parties from conducting promotional campaigns involving our stock. Any actual or perceived association with "pump-and-dump" schemes, misleading promotional materials, or other abusive trading practices could lead to extreme volatility in our stock price, regulatory or law-enforcement scrutiny, reputational damage, and significant losses for investors.

**Tax risks and potential IRS challenges to valuation or transactions**

We may engage in equity financings, stock-based compensation, debt restructurings, related-party transactions, and other arrangements that involve complex tax considerations and valuations. The Internal Revenue Service or state tax authorities could challenge our determinations of fair market value for equity awards or securities, the timing or deductibility of certain expenses, the characterization of particular instruments as debt or equity, the treatment of net operating losses, or other aspects of our tax positions. Any such challenge could result in additional tax liabilities, penalties, and interest, could adversely affect our cash flows, could create adverse tax consequences for our investors, and might require us to revise or restate prior financial information.

**Risks related to marketing engagements and equity compensation to service providers**

We expect to use equity-based compensation to attract and retain employees, consultants, and service providers and may engage third-party marketing, investor-relations, or advisory firms that receive stock, options, or other securities as part of their compensation. Grants of equity to service providers and promoters can create incentives to focus on short-term increases in our stock price rather than long-term value creation, contribute to perceptions of stock promotion or market manipulation, and result in dilution to existing shareholders if large blocks of shares become freely tradable and are sold into the market. If we do not properly structure, disclose, register or qualify, and account for these arrangements, we could face regulatory scrutiny, enforcement actions, stock exchange or OTC Markets concerns, or investor confusion regarding our true compensation costs and capital structure.

**We have a history of losses and negative stockholders' equity.**

As of March 31, 2026, the Company had an accumulated deficit of approximately $2.7 million and negative stockholders' equity. We generated a net loss of approximately $308,000 for the three months ended March 31, 2026, which includes a one-time inventory adjustment of approximately $122,000. Excluding this non-recurring adjustment, the Company's net loss would have been approximately $186,000. Our ability to achieve profitability depends on successful execution of our growth plan and market acceptance of our products. There is no assurance we will achieve or maintain profitability.

**We have substantial indebtedness and limited working capital.**

As of March 31, 2026, we had total liabilities of approximately $1.8 million, including accounts payable of $478,000, accrued compensation of $222,000, loans payable of $480,000, and short-term notes payable of $366,000. Our current assets of approximately $510,000 may not be sufficient to satisfy current liabilities, and we will require additional capital to fund operations and growth.

**Convertible Notes and Indebtedness**

As of March 31, 2026, the Company had outstanding convertible promissory notes with an aggregate principal balance of approximately $194,079, excluding accrued interest. The notes were issued between January 2023 and January 2024 and carry stated interest rates ranging from 10% to 18% per annum.

The material terms of the Company's convertible notes are summarized below:

• Two notes issued on January 24, 2023 in the original principal amount of $18,500 each bear interest at 18% per annum and are convertible
into shares of the Company's common stock at a fixed conversion price of $0.0001 per share. One of these notes has had 167,500,000
shares converted to date, while the other has not been converted. Interest on one of these notes is no longer accruing on the remaining
balance.

• One note issued on November 11, 2023 in the original principal amount of $100,000 bears interest at 18% per annum and is convertible
into shares of the Company's common stock at a fixed conversion price of $0.06 per share. Total repayment under this note, including
accrued interest, is capped at $150,000. No amounts have been converted under this note as of March 31, 2026.

• One note issued on December 29, 2023 in the original principal amount of $45,079 (with an outstanding balance of approximately $53,891
as of March 31, 2026) bears interest at 10% per annum and is convertible into shares of the Company's common stock at a fixed conversion
price of $0.0001 per share. Approximately 12,000,000 shares have been converted under this note to date.

• One note issued on January 8, 2024 in the original principal amount of $12,000 (with an outstanding balance of approximately $14,684
as of March 31, 2026) bears interest at 10% per annum and is convertible into shares of the Company's common stock at a fixed conversion
price of $0.0001 per share. No amounts have been converted under this note as of March 31, 2026.

None of the Company's outstanding convertible notes include warrants or other derivative securities. All conversion features are based on fixed conversion prices.

The holders of the Company's convertible notes include existing investors and strategic financing partners who have previously provided capital to support the Company's operations. The Company believes these relationships align noteholders with the long-term success of the business. The Company is currently in discussions with certain noteholders regarding the potential repayment, restructuring, or settlement of outstanding balances, subject to the availability of capital and future financing activities.

In addition to the convertible notes described above, a majority of the Company's loans payable are owed to ALGM Holdings LLC ("ALGM"), a non-affiliated financing partner that has provided capital to support the Company's operations and capital expenditures. While certain of these obligations may not have fixed repayment schedules, the Company expects that repayment will be dependent on its financial performance, available cash flow, and future financing activities. There can be no assurance that the Company will be able to repay such obligations on favorable terms or at all.

The conversion of these notes into shares of common stock could result in significant dilution to existing stockholders, particularly for those notes with conversion prices significantly below the current market price of the Company's common stock. However, the Company may elect to repay, restructure, or otherwise settle these obligations in cash or equity, which could reduce or eliminate potential dilution, although no assurances can be provided that such outcomes will occur.

**We face going concern risks.**

The Company's financial condition raises substantial doubt about our ability to continue as a going concern. Our continued existence depends on our ability to raise capital through this offering, generate sufficient revenue from operations, and manage our debt obligations. If we are unable to do so, we may be forced to curtail or cease operations.

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

The off-road vehicle (ORV) market is dominated by well-established competitors with significantly greater financial resources, brand recognition, manufacturing capacity, and distribution networks, including Polaris Inc., BRP (Can-Am), Honda, Yamaha, Kawasaki, Arctic Cat, John Deere, Kubota, and CF Moto. In the amphibious ATV segment specifically, our primary direct competitor is Argo, a Canadian manufacturer with an established dealer network and decades of market presence. We may not be able to compete effectively against these competitors.

**Our success depends on market acceptance of amphibious ATVs.**

Amphibious six-wheel-drive (6x6) all-terrain vehicles represent a niche market segment estimated at less than 5,000 units sold annually in North America, or approximately 0.5% of the overall ORV market of over 2,500,000 units per year. Our business plan depends on increasing awareness and adoption of amphibious ATVs beyond this niche, which may not occur.

**We have limited operating history under current management.**

Management acquired the MAX brand and assets in November 2021 and relaunched limited production in June 2024. We produced approximately 40 units in 2025 and have limited track record demonstrating our ability to scale manufacturing, establish a dealer network, and achieve target sales volumes of 136 units (2026), 340 units (2027), 800 units (2028), and 1,300 units (2029).

**We depend on third-party suppliers and outsourced manufacturing.**

We rely on outsourced production for substantially all vehicle components and subassemblies. Approximately 95% of our supply chain has been replaced with new vendors since acquiring the MAX brand. Any disruption in our supply chain—due to supplier financial difficulties, quality issues, delivery delays, or price increases—could materially harm our business. We do not have long-term supply agreements with most vendors.

**We plan significant capital investments in fabrication equipment.**

Our business plan includes approximately $253,000 of capital investment in fiber laser cutting systems, press brake equipment, CNC machining, powder coating, and tooling to bring component fabrication in-house. These investments carry execution risk, require skilled labor, and may not achieve anticipated cost savings or production efficiencies.

**Our products are subject to warranty claims and product liability.**

Off-road vehicles present inherent safety risks. Despite quality control efforts, our vehicles may contain defects, and operators may be injured in accidents. We provide product warranties and face potential product liability claims that could result in significant costs, reputational damage, and harm to our business. Our insurance coverage may be insufficient to cover all claims.

**Risks Related to Our Growth Strategy**

**We have limited marketing and sales infrastructure.**

Our growth plan assumes marketing expenditure of approximately $1,250 per vehicle sold, focusing on digital advertising, social media influencers, print publications, trade shows, and dealer support. We have limited experience executing marketing at this scale and no assurance these efforts will generate projected lead volumes or conversion rates.

**We are dependent on establishing a dealer network.**

Historically, the MAX brand operated with over 200 active dealers in North America. We are in the process of rebuilding this dealer network and have not yet signed significant dealer agreements. Our dual distribution model (factory-direct and dealer) requires managing channel conflict, establishing protected territories, maintaining dealer margins, and supporting dealer inventory and training. Failure to attract and retain dealers would significantly limit our market reach.

**Our planned research and development initiatives may not succeed.**

We plan to invest in development of (i) eight-wheel (8x8) vehicles, (ii) electric vehicle (EV) drivetrains, and (iii) hybrid electric models. These initiatives require significant capital investment, engineering expertise, regulatory approvals, and market acceptance. We have formed a strategic partnership with U.K.-based Agile Vehicle Technologies Limited (AVT) for EV development, but there is no assurance this partnership will produce commercially viable products, achieve performance targets, or gain market acceptance.

**We may pursue acquisitions that could strain our resources.**

Management's long-term plan includes potential acquisitions of complementary businesses, including a referenced "60-year-old brand of all-wheel drive off-road motorcycles." We have limited experience integrating acquisitions, and any acquisition could divert management attention, strain financial resources, fail to achieve anticipated synergies, or result in unforeseen liabilities.

**Risks Related to Regulatory and Legal Matters**

**We are involved in active litigation.**

**Legal proceeding**

Recreatives Industries, Inc. is a defendant in an action pending in the Circuit Court of the Twelfth Judicial Circuit in and for Manatee County, Florida, Case No. 2025-CA-000287, brought by Kurt E. Neubauer Jr., a former CEO of a predecessor entity, who seeks enforcement of a foreign judgment domesticated from a Texas court. The domesticated judgment arises from a 2018 Texas default judgment he surreptitiously obtained without any person then associated with the Company ever being noticed as to the suit, and the Company has moved to vacate the domesticated judgment in Florida on the grounds that service of process in the underlying Texas action was defective and that the judgment was procured through fraud on the court, depriving the Texas court of jurisdiction.

**Our vehicles must comply with federal and state safety regulations.**

Off-road vehicles are subject to federal regulations administered by the Consumer Product Safety Commission (CPSC), National Highway Traffic Safety Administration (NHTSA), and Environmental Protection Agency (EPA), as well as state-level safety and emissions standards. Changes in regulations or failure to maintain compliance could require costly product modifications, limit our ability to sell in certain markets, or result in recalls and penalties.

**Environmental regulations may increase our costs.**

Manufacturing operations are subject to federal, state, and local environmental laws governing air emissions, water discharge, hazardous materials handling, and waste disposal. Our planned in-house fabrication and powder coating operations may trigger additional permitting requirements and compliance costs. Violation of environmental laws could result in fines, remediation costs, and reputational harm.

**Risks Related to Our Capital Structure and This Offering**

**Management has significant voting control.**

Andrew Lapp, our CEO and President, beneficially owns 100,000 shares of Series A Preferred Stock and approximately 72.9 million shares of common stock. Each share of Series A Preferred Stock carries voting rights equal to three times the sum of all common shares outstanding plus cumulative voting rights of all preferred shares, divided by the number of Series A Preferred shares outstanding. This super-voting structure gives Mr. Lapp effective control over all matters requiring stockholder approval, including election of directors, amendments to articles of incorporation, mergers, and asset sales. Public stockholders will have limited ability to influence corporate governance.

**This offering will significantly dilute existing stockholders.**

This offering will significantly dilute existing stockholders. Depending on the final offering price, we may issue from 50,000,000 shares to 250,000,000 shares of common stock in order to raise the maximum aggregate offering amount of $2,500,000. As a result, the number of shares of our common stock outstanding after the offering would increase from 249,689,097 shares as of March 31, 2026 to between 299,689,097 shares and 499,689,097 shares, assuming no other issuances. The amount of dilution experienced by investors and existing stockholders will depend on the final offering price and the number of shares sold in the offering. (Though this is mitigated by conversion price floors and anti-dilution protections).

**Our stock price is volatile and thinly traded.**

Our common stock trades on the OTC Pink market with limited liquidity and high volatility.

Our common stock is quoted on the OTC Pink market, which is characterized by limited liquidity, wide bid-ask spreads, and significant price volatility. As a result, investors may have difficulty buying or selling shares at quoted prices or within a reasonable period of time, and small trades can cause disproportionately large price movements.

Over the most recent 12-month period reported, our stock traded in a wide 52-week range between approximately $0.0980 and $0.0028 per share and experienced an approximate 52-week price change of -68.66%, compared to a positive 12.81% 52-week change for the S&P 500 Index. Our shares also exhibit a reported 5-year monthly beta of approximately -2.23, indicating that the price of our common stock has historically been highly volatile and may move sharply and unpredictably relative to broader market indices.

Trading volume in our common stock is relatively low, with an average daily trading volume of approximately 2.12 million shares over the prior three-month period and approximately 872,270 shares over the prior ten-day period, which may not be sufficient to support large transactions without materially impacting the market price. As of the most recent data reported, we had approximately 198.19 million shares outstanding and an estimated public float of approximately 11.67 million shares, and no reported institutional or insider ownership, which further constrains available liquidity and may contribute to volatility.

**Future capital raises may further dilute stockholders.**

Even with proceeds from this offering, we will likely require additional capital to fund operations, execute our growth plan, and pursue potential acquisitions. Management's plan contemplates a subsequent capital raise of $1.25 million in 2027 for R&D initiatives, and potentially $7 million for property acquisition, factory expansion, and strategic acquisitions. Future equity financings will dilute existing stockholders, and future debt financings may impose restrictive covenants or priority payment obligations.

**We do not intend to pay dividends.**

We have never declared or paid cash dividends on our common stock and do not anticipate paying dividends in the foreseeable future. We intend to retain all earnings to finance operations and growth. Investors seeking dividend income should not purchase our securities.

**There are restrictions on resale of securities purchased in this offering.**

There are restrictions on resale of securities purchased in this offering. Although securities issued in a Regulation A Tier 1 offering are not considered "restricted securities" under Securities Act Rule 144 and, therefore, are generally freely transferable by persons who are not affiliates of the issuer, any resale of such securities remains subject to applicable federal and state securities laws, including state "blue sky" registration or exemption requirements in the jurisdictions where resales occur. In this Tier 1 Regulation A offering by Recreatives Industries, Inc. (RECX), the shares of common stock being offered will, upon issuance, be eligible for resale as freely tradable securities to the extent that: (i) the offering statement has been qualified by the Securities and Exchange Commission, and (ii) the offering has been registered or qualified, or an applicable exemption is available, under the securities (blue sky) laws of the individual states in which the shares are offered and sold.

However, while we do not expect to impose any contractual lock-up or issuer-imposed transfer restrictions on the shares sold in this offering, investors may, in practice, experience limitations on their ability to resell their shares due to the need to comply with state law registration or exemption requirements, the absence of an active trading market, and the OTC Pink market's limited liquidity, which may make it difficult to locate buyers or to sell shares without materially affecting the market price. Affiliates of the Company (including our directors, executive officers, and significant shareholders) will remain subject to applicable limitations on resales under the federal securities laws, including volume and manner-of-sale limitations and other conditions that may apply to "control" securities, but such limitations arise from their status as affiliates and not from the Tier 1 Regulation A exemption itself.

**Risks Related to Uplisting Plans**

**We may not achieve our goal of uplisting to a national exchange.**

Management intends to pursue uplisting from OTC Pink to OTCQB, then OTCQX, and ultimately to a national exchange such as Nasdaq Capital Market or NYSE American. This multi-year process requires (i) completion of PCAOB audits for multiple years, (ii) establishment of independent board governance, (iii) potentially a reverse stock split to meet minimum bid price requirements (typically $4.00 for Nasdaq), (iv) meeting minimum market capitalization and public float requirements, and (v) an underwritten public offering to establish market value of unrestricted publicly held shares (MVUPHS). There is no assurance we will meet these requirements or successfully uplist.

**Uplisting will significantly increase our costs.**

Uplisting our common stock from the OTC Pink market to a national securities exchange such as the Nasdaq Capital Market would significantly increase our ongoing costs and require us to achieve and maintain full SEC reporting and PCAOB-audited financial statements, which we do not currently have. We expect that we would need to incur substantial one-time and recurring expenses, including PCAOB-compliant audits of our financial statements (which for smaller OTC-quoted companies typically range from approximately $45,000 to $250,000+ per year, and could be higher given our current unaudited status and any required catch-up audits), additional internal accounting and finance personnel, and expanded internal controls over financial reporting. We would also expect to incur significant legal and regulatory compliance costs (which for a small uplisting company can reasonably be expected to reach several hundred thousand dollars when including exchange listing counsel, SEC and exchange filings, and blue sky matters), higher D&O insurance premiums associated with exchange-listed status, and underwriter or placement agent discounts and commissions that customarily range around 7–8% of the gross proceeds of a firm-commitment underwritten offering, if any. In addition, Nasdaq charges both initial listing fees and ongoing annual "all-inclusive" listing fees, with current annual fees for smaller equity issuers generally in the range of approximately $53,000 to $86,000 depending on shares outstanding, plus separate initial listing and application fees that can be in the tens of thousands of dollars. These incremental costs would place a substantial strain on our limited financial and management resources, and there can be no assurance that any attempt to uplist would be successful or that, even if successful, the benefits of an exchange listing would outweigh the significant ongoing costs.

**DILUTION**

The following table illustrates dilution to new investors assuming the sale of 25%, 50%, 75% and 100% of the maximum aggregate offering amount in this offering. Because this offering is being made at a price range of $0.01 to $0.05 per share, the table below is presented using the midpoint price of $0.03 per share solely for illustration. Actual dilution will depend on the final offering price and the number of shares sold.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **25%** | **50%** | **75%** | **100%** |
| Shares sold in this offering | 20833333 | 41666667 | 62500000 | 83333333 |
| Public offering price per share | $0.03 | $0.03 | $0.03 | $0.03 |
| Gross offering proceeds | $625000 | $1250000 | $1875000 | $2500000 |
| Shares outstanding at March 31, 2026 | 249689097 | 249689097 | 249689097 | 249689097 |
| Net tangible book value as of March 31, 2026 | $(918914) | $(918914) | $(918914) | $(918914) |
| Net tangible book value per share as of March 31, 2026 | $(0.00368) | $(0.00368) | $(0.00368) | $(0.00368) |
| Net offering proceeds | $620000 | $1240000 | $1860000 | $2480000 |
| As adjusted net tangible book value after this offering | $(298914) | $321086 | $941086 | $1561086 |
| Shares outstanding after this offering | 270522430 | 291355764 | 312189097 | 333022430 |
| As adjusted net tangible book value per share after this offering | $(0.00110) | $0.00110 | $0.00301 | $0.00469 |
| Dilution per share to new investors | $0.03110 | $0.02890 | $0.02699 | $0.02531 |
| Increase in net tangible book value per share attributable to new investors | $0.00258 | $0.00478 | $0.00669 | $0.00837 |

---

(1) Based on net tangible book value (deficit) of $(918,914) as of March 31, 2026 and 249,689,097 shares of common stock outstanding as of that date.

**DISTRIBUTION**

**Offering Method:** Best efforts offering by Company by communications to existing shareholders and as allowed through social media, and direct mailers, and through company owned online platform.

**Underwriting/Placement Agent:** There is no underwriter or a placement agent.

**Commissions and Fees:** There are no agreements for finders fees or commissions.

**No Escrow:** The Company has a separate account at an FDIC dedicated account for the receipt of the subscription amounts, to be overseen by outside counsel.

**Subscription Process:** Investors will be allowed to review the offering materials ona dedicated web site, that is secured by password, where the offering materials and subscription agreement may be downloaded, reviewed and executed and returned via electronic of physical mail delivery to the Company. The investors will be directed to make investment deposits to the designated account by wire/ACH/check payment, with a minimum investment amounts of $2,500.00, after satisfying suitability requirements.

**Sales Timeline:** It is expected from the time of subscription to acceptance to be 3-5 days for review and approval.

**Market Making and Stabilization:** There are no such agreements or processes in place.

**Regulation A Selling Restrictions:** Regulation A Selling Restrictions. This offering is being conducted as a Tier 1 offering under Regulation A, and the securities being offered are "covered securities" under federal law. As a result, the offering is subject to separate state blue sky registration or qualification requirements, although certain states may require issuer or intermediary notice filings, consent-to-service filings, or fees in connection with offers or sales in those states. Secondary trading of our common stock on the OTC markets may still be subject to state securities law requirements applicable to broker-dealers and to resales by affiliates, including compliance with Rule 144 and any applicable notice or filing requirements under state law.

Ongoing Reporting Tier. This is a Tier 1 Regulation A offering. As a Tier 1 issuer, we will be subject to the ongoing reporting obligations set forth in Rule 257 of Regulation A, including the requirement to file with the SEC an exit report on Form 1-Z (unless the offering is fully registered under the Securities Act), together with any other reports required by Rule 257, all of which will be filed electronically on EDGAR and made available to investors. These reporting obligations will continue only for so long as we are required to comply with Regulation A's limited ongoing reporting regime for Tier 1 offerings and will cease once we are permitted to and do properly terminate or suspend such reporting in accordance with Rule 257.

**USE OF PROCEEDS**

**Gross Proceeds (Maximum Offering):** $2,500,000: The maximum aggregate gross proceeds of this offering are $2,500,000. Because this offering is being made at a price range of $0.01 to $0.05 per share, the number of shares sold to generate such proceeds will vary depending on the final offering price.

**Estimated Offering Expenses:** Approximately $20,000 (including legal, accounting, filing fees, printing, and marketing materials)

**Net Proceeds to Company:** $2,480,000

The Company intends to use net proceeds to scale production, strengthen its balance sheet, expand market presence, and support general corporate purposes. Management retains discretion to reallocate proceeds among the categories below based on operational needs, production demands, and market conditions.

**Allocation of Net Proceeds**

---

| | | |
|:---|:---|:---|
| **Category** | **Amount** | **% of Total** |
| Operating Capital Runway | $357120 | 14.4% |
| Payables & Debt Retirement | $496000 | 20.0% |
| Production Inventory | $471200 | 19.0% |
| Fabricating Equipment & Tooling | $252960 | 10.2% |
| Marketing & Demand Generation | $173600 | 7.0% |
| Accounting, Legal & Compliance | $114080 | 4.6% |
| Headcount Expansion | $183520 | 7.4% |
| General Working Capital | $431520 | 17.4% |
| **TOTAL** | $**2480000** | **100.0%** |

---

**Detailed Use of Proceeds by Category**

**1. Operating Capital Runway (approx. $357,000)**

Supports approximately eight months of baseline operating expenses, including rent, utilities, insurance, and essential personnel. Operating expenses are expected to increase as production and marketing scale. Working capital may supplement operating needs as required.

**2. Payables & Debt Retirement (approx. $496,000)**

&nbsp;&nbsp;&nbsp;&nbsp;· Reduction of accounts payable and trade liabilities to suppliers

&nbsp;&nbsp;&nbsp;&nbsp;· Strengthening supplier relationships and payment terms

&nbsp;&nbsp;&nbsp;&nbsp;· Settlement or restructuring of convertible notes and other obligations

&nbsp;&nbsp;&nbsp;&nbsp;· Intended to reduce dilution risk from debt conversion and improve balance sheet

The Company intends to use approximately $496,000 of the net proceeds from this offering to reduce outstanding liabilities, improve its balance sheet, and mitigate potential dilution associated with convertible debt instruments. Management believes that reducing these obligations will enhance supplier relationships, improve working capital flexibility, and position the Company for scalable growth.

The Company currently anticipates allocating these funds as follows:

• **ALGM Holdings LLC – Loans Payable (approximately $300,000)** 

The Company intends to repay approximately $300,000 of outstanding loans payable to ALGM Holdings LLC. These obligations are non-convertible, unsecured, and do not carry a stated interest rate or fixed maturity date. ALGM Holdings LLC has been a primary funding source for the Company, providing capital for operations, equipment purchases, and working capital on flexible terms. While there are no formal repayment terms, the Company intends to prioritize repayment of these obligations as part of strengthening its balance sheet.

• **James Baar (individual lender) – Loan Repayment (approximately $60,000)** 

The Company intends to repay approximately $60,000 owed to James Baar pursuant to a promissory note dated September 6, 2024. The note carries an interest rate of 10% per annum and matures on September 5, 2026, with monthly installment payments beginning September 2025. The note is unsecured and may be prepaid without penalty.

• **Elias and Campbell LLC – Loan Repayment (approximately $100,000)** 

The Company intends to repay approximately $100,000 of a promissory note issued July 11, 2025 to Elias and Campbell LLC, an entity managed by Gene Deiter. The note bears interest at 9% per annum, requires monthly interest-only payments, and matures on July 10, 2026, at which time the principal balance is due in full. The note is unsecured and may be prepaid without penalty.

• **ALGM Holdings LLC – Convertible Note Retirement (approximately $36,000)** 

The Company intends to allocate approximately $36,000 to repurchase and retire one outstanding convertible promissory note originally issued on January 24, 2023. The note has a principal amount of $18,500 and accrues interest, and is convertible into shares of the Company's common stock at a conversion price of $0.0001 per share.

If converted in full, including accrued interest, this note could result in the issuance of over 180,000,000 shares of common stock. Retirement of this note is expected to significantly reduce potential dilution to existing and future stockholders.

The Company may adjust the allocation of proceeds among these uses based on negotiations with creditors, timing of cash flows, and operational priorities. In certain cases, the Company may seek to restructure or settle obligations on terms that are more favorable than full repayment.

Certain of the foregoing obligations are owed to parties that have provided ongoing financial support to the Company and may be considered related parties. These lenders have historically been flexible and supportive of the Company's growth, including willingness to extend or modify repayment terms as needed. Management believes all such transactions have been conducted on terms reasonable under the circumstances.

These lenders are long-time supporters of the Company and are not institutional or short-term financing providers.

Overall, management believes that reducing these liabilities will strengthen the Company's financial position, reduce interest expense, and meaningfully decrease the potential for future dilution from convertible instruments.

**3. Production Inventory (approx. $472,500)**

&nbsp;&nbsp;&nbsp;&nbsp;· Supports production of MAX 2, MAX 4, and Buffalo Truck models

&nbsp;&nbsp;&nbsp;&nbsp;· Maintains a rolling 3–6 month inventory position

&nbsp;&nbsp;&nbsp;&nbsp;· In-house fabrication will reduce reliance on pre-fabricated components

&nbsp;&nbsp;&nbsp;&nbsp;· Improves capital efficiency and reduces lead times

&nbsp;&nbsp;&nbsp;&nbsp;· Supplier blanket purchase orders reduce upfront inventory burden

**4. Fabricating Equipment & Tooling (approx. $253,000)**

&nbsp;&nbsp;&nbsp;&nbsp;· Fiber laser cutting systems

&nbsp;&nbsp;&nbsp;&nbsp;· Press brake equipment

&nbsp;&nbsp;&nbsp;&nbsp;· CNC machining and drilling equipment

&nbsp;&nbsp;&nbsp;&nbsp;· Powder coating and finishing equipment

&nbsp;&nbsp;&nbsp;&nbsp;· Tooling, fixtures, and jigs

&nbsp;&nbsp;&nbsp;&nbsp;· Expected to reduce cost of goods sold (COGS) and improve production efficiency

**5. Marketing & Demand Generation (approx. $174,000)**

&nbsp;&nbsp;&nbsp;&nbsp;· Digital advertising (Meta/Facebook, Google, Instagram, TikTok)

&nbsp;&nbsp;&nbsp;&nbsp;· Trade shows and industry events

&nbsp;&nbsp;&nbsp;&nbsp;· Influencer partnerships and organic content creation

&nbsp;&nbsp;&nbsp;&nbsp;· Professional video production (including "Will It or Won't It?" series)

&nbsp;&nbsp;&nbsp;&nbsp;· Website optimization and SEO

&nbsp;&nbsp;&nbsp;&nbsp;· Print advertising in outdoor and powersports publications

&nbsp;&nbsp;&nbsp;&nbsp;· Supports unit sales growth, dealer acquisition, and brand visibility

**6. Accounting, Legal & Compliance (approx. $114,000)**

&nbsp;&nbsp;&nbsp;&nbsp;· Accounting and financial reporting

&nbsp;&nbsp;&nbsp;&nbsp;· Reg A preparation and ongoing SEC compliance

&nbsp;&nbsp;&nbsp;&nbsp;· Legal services and corporate governance

&nbsp;&nbsp;&nbsp;&nbsp;· OTCQB uplisting fees and related costs

&nbsp;&nbsp;&nbsp;&nbsp;· Ongoing reporting and regulatory requirements

**7. Headcount Expansion (approx. $184,000)**

&nbsp;&nbsp;&nbsp;&nbsp;· Parts and operations personnel

&nbsp;&nbsp;&nbsp;&nbsp;· Sales and dealer support roles

&nbsp;&nbsp;&nbsp;&nbsp;· Administrative and bookkeeping staff

&nbsp;&nbsp;&nbsp;&nbsp;· Hiring phased based on production and revenue growth

**8. General Working Capital (approx. $432,000)**

&nbsp;&nbsp;&nbsp;&nbsp;· Operational flexibility and contingencies

&nbsp;&nbsp;&nbsp;&nbsp;· Supplement other categories if needed

&nbsp;&nbsp;&nbsp;&nbsp;· Support near-term growth opportunities

&nbsp;&nbsp;&nbsp;&nbsp;· Provides liquidity during production ramp

**DESCRIPTION OF BUSINESS**

**Overview**

Recreatives Industries, Inc. ("RECX") is the manufacturer of MAX amphibious six-wheel-drive (6x6) all-terrain vehicles, originally manufactured by Recreatives Industries Inc. of Buffalo, NY, from 1970 to 2013. RECX acquired the MAX brand, intellectual property, and production assets in November 2021 and relaunched production in June 2024 and set up manufacturing and assembly at a leased facility in Bradenton, Florida.

The Company manufactures amphibious all-terrain vehicles capable of traversing extreme terrain—mud, swamps, sand, snow, and water—serving recreational users (hunting, fishing, outdoor recreation), utility applications (land management, agriculture, emergency access), and potential commercial/government markets (public safety, rescue, military).

RECX's mission is to offer extraordinary off-road mobility by manufacturing vehicles with unique design features that provide exceptional capability to traverse terrain impassable to conventional ATVs and side-by-side vehicles.

**The MAX Product Line**

**MAX 2:** Two-passenger amphibious 6x6 ATV. Retail price: $14,979. The smallest and most agile MAX model, serving as the company's volume production vehicle for 2024-2026. Features skid-steering, amphibious capability, and low ground pressure. Comparable to Argo Frontier 700 (MSRP $15,599).

**MAX 4:** Four-passenger amphibious 6x6 ATV. Larger capacity model for families and commercial use. Planned relaunch for summer of 2026.

**Buffalo Truck:** Utility-oriented amphibious 6x6 with dump bed for work applications. Planned relaunch for summer of 2026.

**Future Development:** Management plans to develop (i) eight-wheel (8x8) models with increased passenger and cargo capacity, (ii) electric vehicle (EV) variants with battery-electric drivetrains, and (iii) hybrid electric models. These initiatives are in early development stages and subject to significant technical, regulatory, and capital requirements.

**Competitive Advantages**

&nbsp;&nbsp;&nbsp;&nbsp;· **Amphibious Capability:** Vehicles float and can traverse water at 3-6 mph, providing safety when crossing wetlands and access
to areas inaccessible to conventional ATVs.

&nbsp;&nbsp;&nbsp;&nbsp;· **Skid-Steering Maneuverability:** Vehicles steer like tracked equipment (bulldozers), enabling tight turns and superior maneuverability
vs. traditional front-wheel steering.

&nbsp;&nbsp;&nbsp;&nbsp;· **Low Ground Pressure:** Six powered wheels with large low-pressure tires distribute weight, minimizing environmental impact and
enabling travel over soft terrain (mud, snow, sand) where conventional vehicles would bog down.

&nbsp;&nbsp;&nbsp;&nbsp;· **Non-Differential Drive:** Continuous power to all wheels provides superior traction vs. differential-based systems used by competitors.

&nbsp;&nbsp;&nbsp;&nbsp;· **Proven Design and Brand Heritage:** 57-year brand history (1969–present) with devoted customer base and established reputation
for durability and capability.

**Industry Overview**

The off-road vehicle (ORV) industry comprises approximately 2,500,000 plus units sold annually worldwide, with approximately 76% of sales in North America. The industry is dominated by four-wheel ATVs and side-by-side vehicles (UTVs) from manufacturers including Polaris, BRP/Can-Am, Honda, Yamaha, Kawasaki, Arctic Cat, John Deere, Kubota, and CF Moto.

Amphibious six-wheel and eight-wheel ATVs represent a niche segment estimated at less than 5,000 units annually (less than 0.5% market share), with two primary competitors: MAX (U.S.-based) and Argo (Canadian-based). Historical MAX sales peaked at approximately 1,300 units per year under prior ownership.

The global off-road vehicle (ORV) market is a mature but growing category, estimated at roughly USD 22–25 billion in 2024 and projected to reach approximately USD 30–47 billion by 2030–2034, implying a mid-single to high-single digit CAGR driven by recreation, utility, and military demand. Within this, all-terrain vehicles (ATVs) and utility terrain vehicles (UTVs/side-by-sides) represent a multibillion-dollar global segment, with the dedicated ATV market alone estimated around USD 4.5–6.3 billion in 2024 and expected to grow at roughly 3.9–8.4% annually through 2032–2033. North America remains the dominant region, accounting for a significant share of global ORV sales; U.S. off-road vehicle revenues are estimated at about USD 11.3 billion in 2024, growing to roughly USD 17.7 billion by 2034 at a 4.6% CAGR. Amphibious land-and-water ATVs, typified by six- and eight-wheel platforms from **MAX** and **Argo**, constitute a niche but expanding sub-market: recent industry analyses size the global amphibious ATV market at approximately USD 2.9–4.0 billion in 2023–2024, with forecasts to USD 6.5–7.7 billion by 2030–2035 at 8.5–9.5% CAGRs, driven by recreation, commercial, defense, and emergency-response applications. These vehicles appeal to specialized customer segments including outdoor enthusiasts, hunting/fishing users, rural landowners, utility and infrastructure operators, defense and security agencies, and search-and-rescue organizations, who value amphibious capability, low ground pressure, and multi-passenger utility.

Given that amphibious ATVs still represent well under 1% of total ORV unit volumes but address multi-billion-dollar revenue pools, management believes the addressable market for an upgraded **MAX** line—leveraging expanded dealers, targeted marketing, and differentiation around amphibious performance and maneuverability—could reasonably scale into the low- to mid-thousands of units annually over time, supporting meaningful share capture within this specialized category.

Management believes significant untapped market potential exists through increased marketing, expanded dealer network, and product differentiation highlighting amphibious capability and superior maneuverability.

**Sales and Marketing Strategy**

The Company employs a dual distribution model:

**Factory Direct Sales:** Company sells directly to end consumers outside of dealer-protected territories, enabling higher margins on direct sales.

**Dealer Network:** Company is rebuilding a North American dealer network (historically 200+ dealers). Dealers provide test-drive opportunities, local service, and faster order-to-delivery cycle. Dealers receive protected territories and wholesale pricing that allows reasonable retail margins.

**Marketing Budget:** $1,250 per vehicle sold, allocated to:

&nbsp;&nbsp;&nbsp;&nbsp;· Digital advertising (Google, Meta, TikTok, Instagram)

&nbsp;&nbsp;&nbsp;&nbsp;· Influencer partnerships and user-generated content

&nbsp;&nbsp;&nbsp;&nbsp;· "Will It or Won't It?" video series showcasing vehicle capability

&nbsp;&nbsp;&nbsp;&nbsp;· Trade shows and industry events

&nbsp;&nbsp;&nbsp;&nbsp;· Print advertising (Popular Mechanics, Outdoor Life, American Hunter, Field & Stream)

&nbsp;&nbsp;&nbsp;&nbsp;· Dealer support materials and co-op advertising

**Target Lead Generation:** Historical closing ratio of 75–140 inquiries per sale for factory-direct; 25–47 inquiries per sale through dealers (due to test-drive availability).

**Manufacturing and Supply Chain**

RECX currently operates a hybrid manufacturing model, combining outsourced component production with in-house assembly at its Bradenton, Florida facility. The Company sources substantially all major components and subassemblies from third-party suppliers and performs final vehicle assembly, quality control, and testing internally.

Since acquiring the MAX brand and assets in 2021, the Company has substantially rebuilt its supply chain, replacing approximately 95% of legacy suppliers with new vendors. This transition has enabled improved cost control, supplier alignment, and production flexibility, although it also introduces ongoing supplier management and execution risk.

**Assembly Operations**

The Company operates from an approximately 8,000 square-foot facility in Bradenton, Florida, which serves as its corporate headquarters, assembly plant, and parts distribution center. Current operations are sized to support early-stage production volumes, with the ability to scale throughput through process improvements, labor additions, and incremental equipment investment.

Management is evaluating future expansion into a larger facility (approximately 30,000 square feet) to support increased production capacity, vertical integration, and long-term growth. Any such expansion would require additional capital and is not dependent on the completion of this offering.

**Supply Chain Strategy**

The Company utilizes a distributed supplier network for key components, including:

&nbsp;&nbsp;&nbsp;&nbsp;· Engines and powertrain components

&nbsp;&nbsp;&nbsp;&nbsp;· Driveline and mechanical systems

&nbsp;&nbsp;&nbsp;&nbsp;· Formed and fabricated metal components

&nbsp;&nbsp;&nbsp;&nbsp;· Plastic body components and materials

&nbsp;&nbsp;&nbsp;&nbsp;· Electrical systems and controls

The Company generally does not maintain long-term supply agreements with most vendors and instead relies on purchase orders and ongoing supplier relationships. While this provides flexibility, it also exposes the Company to risks related to pricing volatility, lead times, and supplier performance.

To mitigate these risks, the Company is implementing:

&nbsp;&nbsp;&nbsp;&nbsp;· Vendor diversification across key components

&nbsp;&nbsp;&nbsp;&nbsp;· Blanket purchase order arrangements to secure production capacity

&nbsp;&nbsp;&nbsp;&nbsp;· Ongoing evaluation of domestic vs. international sourcing

&nbsp;&nbsp;&nbsp;&nbsp;· Inventory planning to support a targeted 3–6 month production horizon

**In-House Fabrication and Vertical Integration**

A core component of the Company's growth strategy is the **progressive insourcing of key fabrication processes**, including:

&nbsp;&nbsp;&nbsp;&nbsp;· CNC machining and drilling

&nbsp;&nbsp;&nbsp;&nbsp;· Fiber laser cutting

&nbsp;&nbsp;&nbsp;&nbsp;· Press brake forming

&nbsp;&nbsp;&nbsp;&nbsp;· Powder coating and finishing

&nbsp;&nbsp;&nbsp;&nbsp;· Custom tooling, fixtures, and jigs

Proceeds from this offering are expected to fund the acquisition of fabrication equipment necessary to support this transition.

Management believes this vertical integration strategy will:

&nbsp;&nbsp;&nbsp;&nbsp;· **Reduce cost of goods sold (COGS)** through elimination of third-party margins

&nbsp;&nbsp;&nbsp;&nbsp;· **Improve production speed and lead times** by reducing supplier dependency

&nbsp;&nbsp;&nbsp;&nbsp;· **Enhance quality control and consistency** across components

&nbsp;&nbsp;&nbsp;&nbsp;· **Protect proprietary designs and manufacturing processes** 

&nbsp;&nbsp;&nbsp;&nbsp;· **Increase flexibility** in prototyping, product development, and customization

The Company expects that, as fabrication capabilities are brought in-house, it will be able to operate with lower inventory requirements and improved capital efficiency compared to a fully outsourced model.

**Production Scaling Strategy**

The Company's manufacturing model is designed to scale in phases:

&nbsp;&nbsp;&nbsp;&nbsp;1. **Current Phase (2024–2026):** Low-to-moderate volume production utilizing outsourced components and in-house assembly

&nbsp;&nbsp;&nbsp;&nbsp;2. **Near-Term Phase (2026–2027):** Introduction of in-house fabrication capabilities and improved process efficiency

&nbsp;&nbsp;&nbsp;&nbsp;3. **Growth Phase (2027+):** Expanded facility, increased automation, and higher production volumes across multiple product lines

This phased approach is intended to minimize upfront capital requirements while allowing production capacity to scale in alignment with demand.

**Operational Risks**

The Company's manufacturing and supply chain operations are subject to a number of risks, including:

&nbsp;&nbsp;&nbsp;&nbsp;· Dependence on third-party suppliers for critical components

&nbsp;&nbsp;&nbsp;&nbsp;· Potential supply chain disruptions, delays, or cost increases

&nbsp;&nbsp;&nbsp;&nbsp;· Execution risk associated with implementing in-house fabrication

&nbsp;&nbsp;&nbsp;&nbsp;· Need for skilled labor to operate advanced manufacturing equipment

&nbsp;&nbsp;&nbsp;&nbsp;· Capital requirements associated with scaling production

While management believes its strategy provides a pathway to improved efficiency and margins, there can be no assurance that these initiatives will be successfully implemented or achieve the intended results.

**Intellectual Property**

The Company's intellectual property consists of a combination of trademarks, proprietary designs, trade secrets, manufacturing know-how, and physical production assets associated with the MAX amphibious all-terrain vehicle product line. While certain elements of the Company's intellectual property are not currently protected by patents, management believes that the combination of brand identity, proprietary designs, and manufacturing processes provides meaningful competitive differentiation.

**Trademarks and Brand**

The Company owns trademark rights associated with its branding and product offerings. These include:

&nbsp;&nbsp;&nbsp;&nbsp;· **"RECREATIVES"** – Registered trademark (U.S.), Serial No. 98462989

&nbsp;&nbsp;&nbsp;&nbsp;· **"SPRINGER"** – Trademark application pending (U.S.), Serial No. 99620425

The "SPRINGER" mark is associated with the Company's independent suspension system for amphibious 6x6 all-terrain vehicles, which is expected to be introduced commercially in 2026.

In addition to formal registrations, the Company utilizes brand assets associated with the MAX product line, which has been in continuous use since 1969. The Company relies on a combination of common law trademark rights, domain ownership (including www.maxatvs.com), and ongoing commercial use to protect its brand identity. The Company may pursue additional trademark registrations in the United States and internationally as it expands its operations.

**Proprietary Designs and Engineering**

The Company owns and utilizes a library of proprietary vehicle designs, including:

&nbsp;&nbsp;&nbsp;&nbsp;· Body designs and configurations for MAX 2, MAX 4, and Buffalo Truck models

&nbsp;&nbsp;&nbsp;&nbsp;· Amphibious hull designs enabling water operation

&nbsp;&nbsp;&nbsp;&nbsp;· Frame geometry, chassis layout, and drivetrain integration

&nbsp;&nbsp;&nbsp;&nbsp;· Component fitment, mounting systems, and structural configurations

These designs are maintained internally through CAD files, engineering drawings, and technical specifications. While not currently protected by issued patents, these designs represent significant accumulated engineering knowledge and are not publicly disclosed in full detail.

**Trade Secrets and Know-How**

A substantial portion of the Company's intellectual property consists of trade secrets and proprietary know-how, including:

&nbsp;&nbsp;&nbsp;&nbsp;· Bill of materials (BOM) optimization and cost structure

&nbsp;&nbsp;&nbsp;&nbsp;· Supplier relationships and vendor-specific component configurations

&nbsp;&nbsp;&nbsp;&nbsp;· Assembly processes and production workflows

&nbsp;&nbsp;&nbsp;&nbsp;· Vehicle performance tuning and setup configurations

&nbsp;&nbsp;&nbsp;&nbsp;· Fabrication methods and manufacturing efficiencies

The Company seeks to protect this information through restricted internal access, operational controls, and confidentiality practices. However, there can be no assurance that such measures will fully prevent unauthorized use or disclosure.

**Tooling, Molds, and Production Assets**

The Company owns or controls certain physical production assets that represent an important form of intellectual property, including:

&nbsp;&nbsp;&nbsp;&nbsp;· Thermoforming molds used to manufacture MAX vehicle bodies

&nbsp;&nbsp;&nbsp;&nbsp;· Tooling, fixtures, and jigs used in assembly and fabrication

&nbsp;&nbsp;&nbsp;&nbsp;· Production-specific configurations embedded in manufacturing processes

These assets are critical to the Company's ability to produce its vehicles and may serve as a practical barrier to entry for competitors seeking to replicate similar products.

**Patent Strategy and Product Development**

The Company is actively developing new product features and technologies, including its **Springer independent suspension system**, which is expected to be introduced in 2026. Management intends to evaluate patent protection for this suspension system and other future innovations, although no patents have been filed or issued as of the date of this Offering Circular.

There can be no assurance that any future patent applications will be filed, granted, or provide meaningful protection.

**Third-Party Components and Licenses**

The Company incorporates third-party components, including engines and drivetrain elements, into its vehicles. The Company does not rely on any single exclusive license for core vehicle functionality and instead integrates commercially available or supplier-provided components into its proprietary designs.

**Freedom to Operate**

The Company is not currently aware of any active intellectual property claims that would materially restrict its ability to manufacture or sell its products. However, due to the limited number of issued patents held by the Company, it may have limited ability to prevent third parties from developing competing products or technologies.

**Future Intellectual Property Strategy**

The Company intends to continue developing and protecting its intellectual property through a combination of:

&nbsp;&nbsp;&nbsp;&nbsp;· Additional trademark registrations in new markets

&nbsp;&nbsp;&nbsp;&nbsp;· Potential patent filings for new technologies and product features

&nbsp;&nbsp;&nbsp;&nbsp;· Protection of internally developed designs and processes

&nbsp;&nbsp;&nbsp;&nbsp;· Strategic partnerships and technology development initiatives

The Company is currently evaluating intellectual property considerations related to its collaboration with Agile Vehicle Technologies Limited (AVT) for electric vehicle development. Any intellectual property developed through such collaborations is expected to be governed by separate agreements addressing ownership, licensing, and commercialization rights.

**DESCRIPTION OF PROPERTY**

The company leases its principal operating facility at 1936 59th Terrace East, Bradenton, Florida 34203, consisting of approximately 8,000 square feet, used as corporate headquarters, assembly plant, and parts distribution center.

The facility is leased from Cahill Cahill LLC, under a lease that began September 1, 2023 and ends August 31, 2026, with a 3–5 year renewal option exercisable on 180 days' prior written notice.

Base rent is $8,000/month in year 1, $8,400/month in year 2, and $8,820/month in year 3, plus applicable sales tax, and the lease is structured as a triple-net (NNN) lease (RECX pays taxes, insurance, maintenance, utilities, etc.).

At signing, RECX paid first month's rent, last month's rent, and a $10,000 security deposit; RECX is not in default, and the landlord is not an affiliate of the company or management (so this is not a related-party lease).

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

This Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") should be read together with our financial statements and the related notes included elsewhere in this Offering Circular. It contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially from those anticipated in these statements. Investors should carefully review the "Risk Factors" section and all other information in this Offering Circular when evaluating an investment in our securities.

**Overview**

Recreatives Industries, Inc. ("RECX," "we," "us," or "the Company") is in the process of scaling production of MAX amphibious six-wheel-drive all-terrain vehicles and related parts and accessories following a multi-year restart of operations under current management. Our recent operating results reflect the transition from limited production and legacy clean-up activities toward more regularized manufacturing, sales, and marketing operations.

We have incurred net losses and have a deficit in stockholders' equity as we invest in production capacity, inventory, personnel, and marketing necessary to relaunch the MAX product line and rebuild a dealer and customer base. We expect to continue to incur operating losses until we reach sufficient scale in unit sales and gross margin to cover fixed costs.

**Results of Operations**

Our operating results for the most recent periods presented reflect modest but growing revenues, coupled with significant expenses associated with restarting manufacturing operations, re-establishing the supply chain, and preparing for higher production volumes. Revenues have been generated primarily from sales of MAX vehicles, accessories, and parts, with vehicle sales comprising the substantial majority of revenues.

Operating expenses include payroll and related costs for management and core production personnel, facility rent and utilities, marketing and promotional activities, professional and consulting fees associated with public company and capital-markets work, and other general and administrative costs. Because fixed operating costs are being absorbed over a relatively small and ramping revenue base, operating margins have been negative during the periods presented.

Management expects that, as unit volumes increase and production processes become more efficient, gross margin should improve over time. However, there can be no assurance that we will achieve projected volumes, margins, or profitability within any particular timeframe.

**Liquidity and Capital Resources**

We have historically funded operations through equity financings, limited cash flow from operations, and short-term debt, including convertible notes and loans from financing partners. As of March 19, 2026, we had total assets of approximately $787,112 and total liabilities of approximately $1,747,574, resulting in a net tangible book value deficit of about $960,462. This deficit primarily reflects accumulated operating losses and liabilities incurred to restart and scale production.

Our working capital position is constrained, and we have a history of negative cash flows from operations. Management expects that the net proceeds of this Offering, if raised as contemplated, will be used to improve our working capital position, reduce outstanding liabilities, and support increased production and sales activities. If the Offering is fully subscribed, we believe that the resulting liquidity will allow us to fund our current operating plan for at least the next 12 months; however, if actual proceeds or operating results are materially below expectations, we may need to seek additional capital sooner than anticipated.

**Capital Requirements**

Our near-term capital requirements include funding baseline operating expenses, reducing accounts payable and other obligations, procuring production inventory, investing in fabrication equipment and tooling, and expanding marketing and sales efforts. The "Use of Proceeds" section provides a detailed allocation of the net proceeds from this Offering, including operating capital runway, payables and debt retirement, inventory, equipment, marketing, professional fees, headcount expansion, and general working capital.

In addition to the proceeds from this Offering, management's longer-term plan contemplates potential future financings to support research and development initiatives, including development of eight-wheel and electric drivetrain platforms, and to fund property acquisition and expanded factory facilities. The timing, size, and terms of any such additional capital raises will depend on market conditions, our operating performance, and other factors, and there can be no assurance that any additional financing will be available on acceptable terms or at all.

**Plan of Operations**

Over the next 12 months, our plan of operations includes: (i) scaling production of the MAX 2 model, (ii) relaunching updated MAX 4 and Buffalo Truck platforms, (iii) expanding our dealer network and factory-direct sales channels, and (iv) investing in in-house fabrication capabilities to reduce reliance on external suppliers for key components. We intend to use a portion of the Offering proceeds to acquire fabrication equipment such as fiber laser cutting systems, press brakes, and related tooling, which we expect will improve production efficiency, reduce lead times, and lower per-unit production costs over time.

We also plan to increase targeted marketing and demand-generation activities, including digital advertising, social media, trade shows, and dealer support, to drive awareness and lead flow for MAX vehicles. Execution of this plan depends on our ability to secure sufficient working capital, maintain and expand our supplier relationships, recruit and retain qualified personnel, and manage production and quality effectively as volumes increase.

**Going Concern**

Our financial statements have been prepared on a going-concern basis, which assumes that we will continue to operate and satisfy our obligations in the ordinary course of business. However, our history of net losses, negative stockholders' equity, and limited working capital raise substantial doubt about our ability to continue as a going concern.

Our ability to continue as a going concern depends on a number of factors, including our ability to successfully complete this Offering, increase revenues from sales of MAX vehicles and related products, manage production and operating costs, and, if necessary, secure additional capital through debt or equity financings. If we are unable to obtain sufficient capital or generate adequate cash flows from operations, we may be required to delay, scale back, or discontinue some or all of our planned activities, or seek other alternatives, any of which could materially and adversely affect our business and the value of our securities.

**Off-Balance Sheet Arrangements**

As of the latest balance sheet date included in this Offering Circular, we did not have any off-balance sheet arrangements, as that term is defined under applicable SEC rules, that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources

**MANAGEMENT**

**Executive Officers and Directors**

The following table sets forth information concerning our executive officers and directors as of March 31, 2026:

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Age** | **Position** | **Term of Office** |
| Andrew Lapp | 36 | Chief Executive Officer, President, Chairman | Until Replaced as CEO, 2 Yrs Director |
| Craig A. Huffman<br>| 59 | Director/Chief Legal Officer | Two Years |
| Mathew Baar | 28 | Director/VP Operations | Two Years |

---

**Andrew Lapp- 36, Chief Executive Officer, President and Director.**

Mr. Lapp has served as Chief Executive Officer and President of Recreatives Industries, Inc. since March 2021 and as a director since that time.

In 2017, Mr. Lapp established an e-commerce and Amazon-based business focused on the home improvement industry, achieving annual revenues of up to $5 million by 2020. He specialized in international sourcing and logistics, developing supplier relationships and distribution infrastructure that supported scalable growth.

A lifelong enthusiast of the MAX brand, Mr. Lapp possesses in-depth knowledge of the vehicles, the Company's history, and the broader amphibious ATV market. In 2021, he joined Recreatives Industries, Inc. (formerly Planet Resource Recovery, Inc.), where he led the acquisition of the MAX brand, including its tooling and intellectual property. Over the following years, Mr. Lapp oversaw a comprehensive operational rebuild, including reviewing legacy engineering and intellectual property, replacing a substantial portion of the supply chain, establishing a new manufacturing facility in Florida, and relaunching production of the MAX 2 in June 2024.

Mr. Lapp brings over 17 years of experience in financial markets as an active trader and investor. He has led the Company through key corporate milestones, including its first PCAOB audit, and various FINRA corporate actions such as a reverse stock split, name change, and ticker symbol change. These efforts support the Company's transition toward becoming a fully SEC reporting company and its longer-term objective of uplisting to a national securities exchange. Mr. Lapp also intends to pursue strategic acquisitions to further expand the Company's product offerings and market presence.

In October 2025, Mr. Lapp voluntarily filed for personal bankruptcy protection under Chapter 11, Subchapter V of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida. A plan of reorganization has been confirmed by the court and provides for structured monthly payments over a three-year term. This matter is personal in nature and does not involve the Company or its operations.

Mr. Lapp is also a concert pianist and is endorsed by Steinway & Sons as a Steinway Artist.

**Craig A. Huffman, 59, Director and Chief Legal Officer**

Craig A. Huffman is a multidisciplinary attorney, executive, and former military officer whose career spans law, business, the military, and law enforcement. He is currently Chief Legal Officer and counsel to multiple public companies, advising boards, investors, and professional firms on corporate structuring, SEC compliance, mergers, and complex corporate and securities litigation, with particular expertise in penny stocks, liability management, and debt structuring in matters reaching the mid–eight figures. Mr. Huffman has represented more than one hundred public issuers and has completed or supervised dozens of reverse mergers, acquisitions, and securities offerings.

Mr. Huffman's education began at Cypress Lake High School and continued at the University of Tampa on a four-year Army ROTC scholarship, where he earned a B.A. in Political Science, History, and Military Science. He attended Thomas M. Cooley Law School, ranking third out of 320 students after his first year, then transferred to Stetson University College of Law, graduating cum laude in 1997 and second in his class before admission to the Florida Bar. Mr. Huffman pursued a master's in military history at American Military University and is admitted to practice in Florida state courts and in the Middle and Southern Districts of Florida, and has held numerous pro hac vice admissions nationwide.

From 1989 to 2009, Mr. Huffman served as a commissioned officer in the U.S. Army Reserve, ultimately separating at the rank of Major with an honorable discharge. His first decade of service was as a Field Artillery officer, where he completed the Field Artillery Officer Basic and Advanced Courses, qualified as a special-weapons targeting officer, and served as Fire Direction Officer, Executive Officer, and temporary Battery Commander. He later transitioned to the Judge Advocate General's Corps, graduating from the JAG Officer Basic and Advanced Courses and completing numerous advanced military and government legal programs, and over his career received roughly fifteen separate awards and commendations, including the Honorable Order of Saint Barbara for outstanding performance as an artillery officer.

Parallel to his legal and military work, Mr. Huffman has been actively engaged in law enforcement, business operations, and writing. He is a graduate of the Tampa Police Academy, where he received the Street Tactics Award, and served as an enforcement deputy with the Hillsborough County Sheriff's Office, gaining advanced certifications in sex-crimes investigation, child-abuse investigation, crisis and hostage negotiation, and interview and interrogation techniques. In the corporate arena he has served as founder or CEO of three SEC-reporting public companies and has worked across sectors including alternative energy, medical, defense technologies, entertainment, cryptocurrency, and treasure recovery, often as a due-diligence expert for domestic and international funding sources. Mr. Huffman was born in 1966 in Petoskey, Michigan, has two adult children, has coached youth hockey for more than forty seasons, and continues to publish fiction and non-fiction as an historian and writer.

**Matthew Baar, 28, Vice President, Chief Operating Officer and Director**

Mr. Matthew Baar became part of Mr. Lapp's ecommerce enterprise in 2019, assuming the role of director of operations. By analyzing trends in online retail, Mr. Baar helped direct resources into targeted products and specific industries and led efforts focused on operational strategy, marketing execution, and expansion of the business-to-business presence of that enterprise.

In January 2024, Mr. Baar transitioned to a full-time role with Recreatives Industries, Inc. and assumed the position of Vice President and Chief Operating Officer. In that role, he has overseen operational functions and the Company's newly established production line and has worked with Mr. Lapp to streamline production, assemble operational personnel, and support the Company's strategic growth initiatives.

Mr. Baar has also worked to improve the Company's inventory management systems and supply chain responsiveness as the Company positions itself for expansion. In addition, he has helped expand the Company's market presence through trade show participation and customer-facing presentations of the Company's vehicles, contributing to new customer development and commercial relationships across multiple sectors.

Mr. Baar earned a business degree from the University of South Florida. The Company believes his operational management experience, inventory and production oversight, and business development support qualify him to serve as a director.

**EXECUTIVE COMPENSATION**

The following table and narrative disclosure summarize the compensation of the Company's principal executive officer for the fiscal years ended December 31, 2025 and 2024.

The Company currently has three named officers:

&nbsp;&nbsp;&nbsp;&nbsp;· **Andrew Lapp**, Chief Executive Officer, President, and Director

&nbsp;&nbsp;&nbsp;&nbsp;· **Matthew Baar**, VP Operations and Director

· **Craig A. Huffman,** Chief Legal Officer and Director

**Director Compensation:**

Non-employee directors are entitled to receive an annual cash retainer of $15,000 for director and $20,000 for the Chairman for board service, payable in quarterly installments in arrears, plus reimbursement of reasonable out-of-pocket expenses. The Company currently expects that all or a specified portion of such retainers will be deferred and accrued rather than paid in cash, and that, pursuant to a director compensation arrangement approved by the Board, accrued fees may be satisfied in shares of common stock issued at a fixed price per share equal to the public offering price in this offering (or such other price as the Board may determine in accordance with applicable law). Any such equity issuances will be made under a compensatory plan or individual award agreements approved by the Board, and will be fully disclosed in the Company's future reports.

**Summary Compensation Table**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position** | **Year** | **Salary ($)** | **Bonus ($)** | **Stock Awards ($)** | **Option Awards ($)** | **All Other Compensation ($)** | **Total ($)** |
| Andrew Lapp, CEO | 2025 | $125000 | $0 | $0 | $0 | $0 | $125000 |
| Andrew Lapp, CEO | 2024 | $125000 | $0 | $239583 | $0 | $0 | $364583 |

---

**Salary and Cash Compensation**

The Company has established an annual base salary of **$125,000** for its Chief Executive Officer.

No base salary has been established as of the date of this Offering Circular for Matthew Baar or Craig A. Huffman, and no cash compensation arrangements have yet been finalized for either such officer or for their board service.

Due to the Company's early-stage operations and limited working capital, a portion of historical compensation has been accrued and, in certain cases, satisfied through equity compensation rather than cash payment. Management has elected to defer portions of cash compensation at times in order to prioritize working capital and support operational growth.

**Equity Compensation**

In December 2024, the Company issued **71,875,015 shares of restricted common stock** to Andrew Lapp, valued at approximately **$239,583**.

This equity issuance was intended to compensate for previously accrued but unpaid salary for the period from **February 2023 through December 2024**.

The Company does not currently maintain a formal equity incentive plan but may adopt such a plan in the future to attract and retain key personnel.

**Outstanding Equity Awards**

As of the date of this Offering Circular, Andrew Lapp beneficially owns shares of the Company's common stock, including the restricted shares issued in December 2024.

The Company has not granted stock options or warrants to executive officers and does not have any outstanding equity awards with vesting schedules or exercise prices.

**Other Compensation**

The Company has not provided material bonuses, deferred compensation, retirement benefits, or significant perquisites to its executive officers.

**Employment Agreements**

The Company has entered into a written employment agreement with Andrew Lapp, effective January 1, 2023, in connection with his role as Chief Executive Officer which agreement continues to the present.

As of the time of this filing no employment agreement with Craig A. Huffman had been entered into.

Under the terms of the Andrew Lapp agreement:

&nbsp;&nbsp;&nbsp;&nbsp;· Mr. Lapp serves as Chief Executive Officer and reports to the Board of Directors

&nbsp;&nbsp;&nbsp;&nbsp;· The agreement provides for an annual base salary of $125,000

&nbsp;&nbsp;&nbsp;&nbsp;· Mr. Lapp is eligible to receive discretionary bonuses as determined by the Board of Directors

&nbsp;&nbsp;&nbsp;&nbsp;· Mr. Lapp is eligible to participate in standard employee benefit plans and programs, subject to availability
and applicable terms

&nbsp;&nbsp;&nbsp;&nbsp;· Employment is **at-will**, meaning either the Company or Mr. Lapp may terminate the employment relationship
at any time, with or without cause

The agreement has been renewed on an annual basis and remains in effect as of the date of this Offering Circular.

The Company does not currently maintain any severance arrangements, change-in-control provisions, or guaranteed bonus structures for its executive officer.

**CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS**

The following table sets forth information regarding beneficial ownership of our common stock as of **March 31, 2026**, by:

&nbsp;&nbsp;&nbsp;&nbsp;· Each person or entity known by us to beneficially own more than 5% of our common stock;

&nbsp;&nbsp;&nbsp;&nbsp;· Each of our named executive officers and directors; and

&nbsp;&nbsp;&nbsp;&nbsp;· All of our executive officers and directors as a group.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Title of Class: Common**<br> **Name of Beneficial Owner** | **Shares of Common Stock Beneficially Owned** | **% of Class** | **Shares Beneficially Owned After Offering** | **Percent of Class** |
| Andrew Lapp (1) | 72916682 | 29.2% | 72916682 | 19.5% |
| ALGM Holdings LLC (2) | 19896573 | 8.0% | 19896573 | 5.3% |
| Thomas Fry | 25707651 | 10.3% | 25707651 | 6.9% |
| Steven Dowdell | 13934500 | 5.6% | 13934500 | 3.7% |
| Terence Stuart Sowray | 158826 | <0.1% | 158826 | <0.1% |
| All officers and directors as a group (1 person) | 72916682 | 29.2% | 72916682 | 19.5% |

---

**Footnotes:**

**(1) Andrew Lapp beneficially owns 72,916,682 shares of common stock and 100,000 shares of Series A Preferred Stock.**

Each share of Series A Preferred Stock carries voting rights equal to three times the sum of (i) all common shares outstanding and (ii) all preferred shares outstanding, divided by the number of Series A Preferred shares outstanding. As a result, Mr. Lapp has **effective voting control of the Company**.

The Series A Preferred Stock is convertible into **300,000,000 shares of common stock**, subject to its terms.

**(2) ALGM Holdings LLC is owned and controlled by Gerald Mounger, a former director of the Company (through December 2024).**

ALGM may also hold convertible notes which, if converted, could result in the issuance of additional shares of common stock. Such securities are not included in the table above as they are not currently exercisable within 60 days.

**Additional Information**

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities.

Percentage ownership is based on:

&nbsp;&nbsp;&nbsp;&nbsp;· 249,689,097
 shares of common stock outstanding as of March 31, 2026, and

&nbsp;&nbsp;&nbsp;&nbsp;· 374,689,097
 shares of common stock outstanding after giving effect to the sale of 125,000,000 shares
 in this offering

**PRINCIPAL STOCKHOLDERS**

**Title of Class: Common**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Beneficial Owner** | **Shares of Common Stock Beneficially Owned** | **% of Class** | **Shares Beneficially Owned After Offering** | **Percent of Class** |
| Andrew Lapp (1) | 72916682 | 29.2% | 72916682 | 19.5% |
| ALGM Holdings LLC (2) | 19896573 | 8.0% | 19896573 | 5.3% |
| Thomas Fry | 25707651 | 10.3% | 25707651 | 6.9% |
| Steven Dowdell | 13934500 | 5.6% | 13934500 | 3.7% |
| Terence Stuart Sowray | 158826 | <0.1% | 158826 | <0.1% |
| All officers and directors as a group (1 person) | 72916682 | 29.2% | 72916682 | 19.5% |

---

Andrew Lapp: 72,916,682 common shares (approximately 29.2% of the common stock outstanding as of March 31, 2026).

**DESCRIPTION OF SECURITIES**

**Common Stock**

**Authorized:** 700,000,000 shares of common stock, par value $0.0001 per share.

**Outstanding:** As of December 31, 2025, 198,189,097 shares were issued and outstanding.

**Voting Rights:** Each share of common stock is entitled to one vote per share on all matters submitted to a vote of stockholders. However, voting power is effectively controlled by the holder(s) of Series A Preferred Stock due to super-voting rights.

**Dividend Rights:** Holders of common stock are entitled to receive dividends when, as, and if declared by the Board of Directors, subject to the rights and preferences of the Series A Preferred Stock. The Company has never declared or paid cash dividends and does not anticipate paying dividends in the foreseeable future.

**Liquidation Rights:** Upon liquidation, dissolution, or winding-up of the Company, holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities and liquidation preferences of the Series A Preferred Stock.

**Other Rights:** Holders of common stock have no preemptive, subscription, redemption, or conversion rights.

**Preferred Stock**

**Series A Preferred Stock:**

**Authorized:** 10,000,000 shares, par value $0.001 per share.

**Outstanding:** As of December 31, 2025, 100,000 shares were issued and outstanding, all held by Andrew Lapp.

**Voting Rights:** Each share of Series A Preferred Stock has voting rights equal to three times the sum of (i) all shares of common stock issued and outstanding at the time of voting, plus (ii) the cumulative voting rights of all preferred stock series issued and outstanding at the time of voting, divided by the number of shares of Series A Preferred Stock issued and outstanding at the time of voting.

**Conversion Rights:** Each share of Series A Preferred Stock is convertible at any time at the holder's option into 3,000 shares of common stock (subject to adjustment for stock splits, combinations, and similar events).

**Dividend Rights:** Holders of Series A Preferred Stock are entitled to receive dividends if and when declared by the Board of Directors.

**Liquidation Preference:** The Series A Preferred Stock does not have a liquidation preference over the Company's common stock. In the event of any liquidation, dissolution, or winding up of the Company, holders of Series A Preferred Stock are not entitled to any preferential distribution and would participate, if at all, on the same basis as holders of common stock.

**Other Rights:**

The Series A Preferred Stock is convertible into common stock at a fixed conversion rate of 3,000 shares of common stock for each share of Series A Preferred Stock, subject to adjustment for stock splits and similar events.

The Series A Preferred Stock does not have redemption rights or anti-dilution protections and does not provide for any preferential dividends.

Holders of Series A Preferred Stock possess significant voting rights, including the right to vote together with holders of common stock on an as-converted basis, as well as class voting rights on certain matters. In addition, the consent of holders of at least two-thirds of the outstanding Series A Preferred Stock is required for certain corporate actions, including amendments affecting the rights of the Series A Preferred Stock, the creation of senior or pari passu classes of stock, changes to the authorized number of Series A shares, repurchases of capital stock, and certain asset dispositions. These rights function primarily as protective provisions and voting control mechanisms rather than economic preferences.

**DIVIDEND POLICY** 

We have never declared or paid cash dividends on our common stock. Our current policy is to retain all available earnings and any future profits to fund operations, support production and inventory, invest in research and development, expand our dealer network, and pursue other growth initiatives, and we therefore do not anticipate paying cash dividends on our common stock for the foreseeable future.

Any future decision to declare and pay dividends will be at the discretion of our board of directors, and will depend on, among other factors, our results of operations, financial condition, cash requirements and availability, capital expenditure plans, contractual and legal restrictions (including under Nevada corporate law and any debt instruments), and other factors that our board of directors may deem relevant at that time. There can be no assurance that we will ever declare or pay any cash dividends on our common stock.

**SECURITIES OFFERED**

We are offering shares of our common stock, par value $0.0001 per share, at an offering price of $0.01 to $0.05 per share, for maximum aggregate gross proceeds of up to $2,500,000 before deducting estimated offering expenses. Assuming the lowest offering price of $0.01 per share, the maximum number of shares offered is 250,000,000. The actual number of shares sold will depend on the final offering price and may be as few as 50,000,000 shares if sold at $0.05 per share.

All of the shares of Common Stock being offered in this offering are being sold by Recreatives Industries, Inc. as the issuer. We will not receive any proceeds from the sale of shares by selling securityholders, if any are later included by amendment; any such sales would be described in a separate "Selling Securityholders" section of this offering circular.

The shares will be offered on a best efforts basis by us and, if engaged, by one or more registered broker-dealers or placement agents. There is currently a public trading market for our Common Stock on the OTC Markets (Pink/OTC) under the symbol "RECX." However, the offering price was determined by us and does not necessarily reflect the current market price of our Common Stock

**SHARES ELIGIBLE FOR FUTURE SALE**

As of March 31, 2026, there were 249,689,097 shares of our common stock outstanding and 100,000 shares of our Series A Preferred Stock outstanding. Upon the sale of shares in this offering for the maximum aggregate offering amount of $2,500,000, there will be between 299,689,097 and 499,689,097 shares of common stock outstanding, depending on whether the shares are sold at $0.05 per share or $0.01 per share, respectively, assuming no exercise, conversion, or issuance of any other securities after March 31, 2026.

The shares of Common Stock sold in this offering will be freely tradable by investors who are not affiliates of the Company, except to the extent such shares are purchased by affiliates. The remainder of our outstanding shares of Common Stock held by existing stockholders may be resold from time to time subject to applicable securities laws, including Rule 144 under the Securities Act, contractual restrictions if any, and the availability of current public information about the Company.

In addition, shares of Common Stock may become eligible for future sale as a result of the conversion of outstanding convertible securities, including our Series A Preferred Stock, or the conversion of outstanding convertible debt, if and when such securities are converted in accordance with their terms. Any sale, or the perception that substantial sales may occur, of shares of our Common Stock in the public market, including shares issued in this offering or shares issued upon conversion of other outstanding securities, could adversely affect the prevailing market price of our Common Stock and could impair our ability to raise capital through future equity offerings.

**EXPERTS**

The financial statements included in this Offering Circular have been prepared by management and have not been audited or reviewed by an independent registered public accounting firm.

**WHERE YOU CAN FIND MORE INFORMATION**

Copies of this Offering Circular and exhibits to the Offering Statement filed with the Securities and Exchange Commission may be obtained at no cost by written request to:

Recreatives Industries, Inc.<br> Attention: Investor Relations<br> 1936 59th Terrace East<br> Bradenton, Florida 34203<br> Email: ir@recreatives.com<br> Telephone: 1-800-255-2511

The Offering Statement on Form 1-A of which this Offering Circular forms a part, including exhibits, is also available for inspection on the SEC's website at www.sec.gov.

**RECREATIVES INDUSTRIES, INC.**

Consolidated Financial Statements

For the Year Ended December 31, 2025

---

| | |
|:---|:---|
| **Table of Contents** | **Table of Contents** |
| **Contents** | **Page** |
| [Consolidated Balance Sheet](#a_022) | [F-2](#a_022) |
| [Consolidated Statement of Income](#a_023) | [F-3](#a_023) |
| [Consolidated Statement of Cash Flows](#a_024) | [F-4](#a_024) |
| [Notes to the Consolidated Financial Statements](#a_025) | [F-5 - F-7](#a_025) |

---

**RECREATIVES INDUSTRIES, INC.**

Consolidated Balance Sheet

---

| | | | |
|:---|:---|:---|:---|
| **ASSETS** | **Mar. 31, 2026** | **Dec. 31, 2025** | **Dec. 31, 2024** |
| Current Assets |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total for Bank Accounts** | $**5125** | $**8946** | $**2320** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total for Accounts Receivable** | $**15838** | $**1065** | $**19687** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventory | $390034 | $511213 | $442602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid Expenses | $109393 | $18213 | $9393 |
| &nbsp;&nbsp;**Total for Current Assets** | $**520390** | $**539437** | $**474002** |
| &nbsp;&nbsp;Fixed Assets |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Property, Plant & Equipment, Gross | $608044 | $562218 | $643349 |
| &nbsp;&nbsp;&nbsp;&nbsp;Website | $8716 | $8661 | $8612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less: Accumulated Depreciation & Amortization | 230401) | 230401) | 136503) |
| &nbsp;&nbsp;**Total for Fixed Assets** | $**386359** | $**340478** | $**515457** |
| &nbsp;&nbsp;Other Assets |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | $10000 | $10000 | $10000 |
| &nbsp;&nbsp;**Total for Other Assets** | $**10000** | $**10000** | $**10000** |
| **Total for Assets** | $**916749** | $**889915** | $**999459** |

---

---

| | | | |
|:---|:---|:---|:---|
| **LIABILITIES** | **Mar. 31, 2026** | **Dec. 31, 2025** | **Dec. 31, 2024** |
| Current Liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total for Accounts Payable** | $**485233** | $**348935** | $**113553** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total for Credit Cards** | $**12000** | $**12845** | $**12075** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Current Liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued Compensation | $222017 | $218284 | $105275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued Interest | $128417 | $104722 | $104281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer Deposits / Deferred Revenue | $65105 | $20749 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Tax Payable | $31 | $3537 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total for Loans Payable** | $**484073** | $**442031** | $**219430** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total for Short-Term Notes Payable** | $**366165** | $**366165** | $**367947** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Lease Liability - ST | $68062 | $68062 | $90718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property Tax Payable | $4229 | $15426 | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total for Other Current Liabilities** | $**1338099** | $**1238976** | $**903144** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total for Current Liabilities** | $**1835332** | $**1600756** | $**1028771** |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term Liabilities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Lease Liab - LT | $0 | $0 | $67985 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total for Long-term Liabilities** | $**0** | $**0** | $**67985** |
| &nbsp;&nbsp;**Total for Liabilities** | $**1835332** | $**1600756** | $**1096756** |
| &nbsp;&nbsp;Shareholders' Equity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common, Authorized: 700,000,000; Par Value: $0.0001; Issued & Outstanding: 249,689,097 (par value $0.0001) at 3/31/2026; 198,189,097 (par value $0.001) at 12/31/2025; and<br> 94,089,097 (par value $0.001) at 12/31/2024 | $167789 | $162639 | $94089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred, Authorized: 10,000,000; Par Value: $0.001; Issued & Outstanding:100,000 at 03/31/2026, 12/31/2025, and 12/31/2024 | $100 | $100 | $100 |
| &nbsp;&nbsp;&nbsp;&nbsp;APIC | $1624508 | $1525258 | $1580458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retained Earnings | 2398837) | 1771944) | 1339875) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net Income | 312141) | 626893) | 432069) |
| &nbsp;&nbsp;**Total for Equity** | **918581)** | **710840)** | **97297)** |
| **Total for Liabilities and Equity** | $**916751** | $**889915** | $**999459** |

---

*See accompanying notes to these unaudited consolidated financial statements.*

**RECREATIVES INDUSTRIES, INC.**

Consolidated Statement of Income

---

| | | | |
|:---|:---|:---|:---|
| **Revenue** | **Mar. 31, 2026** | **Dec. 31, 2025** | **Dec. 31, 2024** |
| **Total for Income** | $**155381** | $**618051** | $**438907** |
| **Total for Cost of Goods Sold** | $**108007** | $**388471** | $**227616** |
| **Gross Income** | $**47374** | $**229580** | $**211291** |
| **Operating Expenses** |  |  |  |
| &nbsp;&nbsp;Research & Development | $1356 | $11867 | $579 |
| &nbsp;&nbsp;Consulting expense | $0 | $550 | $118750 |
| &nbsp;&nbsp;Payroll Expenses | $84278 | $298850 | $76867 |
| &nbsp;&nbsp;Operating Lease / Rent expense | $50187 | $103625 | $106137 |
| &nbsp;&nbsp;Advertising, Marketing & Promotions | $8377 | $78479 | $20315 |
| &nbsp;&nbsp;Depreciation Expense | $0 | $93897 | $93402 |
| &nbsp;&nbsp;Inventory Adjustment | $121885 | $0 | $0 |
| &nbsp;&nbsp;Legal, Accounting & Other Professional Services | $9355 | $43890 | $30548 |
| &nbsp;&nbsp;Other Operating Expenses | $44034 | $85834 | $79132 |
| **Total Operating Expenses** | $**319472** | $**716992** | $**525730** |
| **Net Operating Income (loss)** | **272098)** | **487412)** | **314439)** |
| Other Income |  |  |  |
| Other Expenses |  |  |  |
| &nbsp;&nbsp;Change in derivative liability | $4400 | $10350 | $0 |
| &nbsp;&nbsp;Interest Expense (incl. Debt Discount and OID) | $29926 | $112751 | $102204 |
| &nbsp;&nbsp;Property Tax | $5717 | $16381 | $15426 |
| **Total for Other Expenses** | $**40043** | $**139482** | $**117630** |
| **Net Income** | **312141)** | **626893)** | **432069)** |

---

*See accompanying notes to these unaudited consolidated financial statements.*

**RECREATIVES INDUSTRIES, INC.**

Consolidated Statement of Cash Flows

---

| | | | |
|:---|:---|:---|:---|
|  | **Mar. 31, 2026** | **Dec. 31, 2025** | **Dec. 31, 2024** |
| OPERATING ACTIVITIES |  |  |  |
| &nbsp;&nbsp;Net Income (Loss) | (312141) | (626893) | (432069) |
| &nbsp;&nbsp;Adjustments to reconcile Net Income to Net Cash provided by operations: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts Payable | 136298 | 235382 | 115458 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts Receivable | (14773) | 18622 | (19687) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued Compensation | 3733 | 113008 | (74644) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued Interest | 23695 | 441 | 31635 |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer Deposits / Deferred Revenue | 44356 | 20749 | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | 121179 | (68610) | (334014) |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid Expenses | (91180) | (8820) | 64167 |
| &nbsp;&nbsp;&nbsp;&nbsp;Changes in Other Current Assets and Liabilities | 26493 | 202403 | 165166 |
| &nbsp;&nbsp;**Total for Adjustments to reconcile Net Income to Net Cash provided by operations:** | **249801** | **513176** | **(51920)** |
| **Net cash provided by operating activities** | **(62340)** | **(113717)** | **(483988)** |
| INVESTING ACTIVITIES |  |  |  |
| &nbsp;&nbsp;Accumulated Depreciation | 0 | 93897 | 93402 |
| &nbsp;&nbsp;Machinery and Equipment | (69553) | (7911) | (35934) |
| &nbsp;&nbsp;Right-of-use Asset - Operating | 23727 | 89042 | 80708 |
| &nbsp;&nbsp;Website | (56) | (49) | 2706 |
| **Net cash provided by investing activities** | **(45881)** | **174979** | **140882** |
| **Net cash provided by financing activities** | **104400** | **(54636)** | **298941** |
| **NET CASH INCREASE FOR PERIOD** | **(3821)** | **6626** | **(44165)** |
| **Cash at beginning of period** | **8946** | **2320** | **46484** |
| **CASH AT END OF PERIOD** | **5125** | **8946** | **2320** |

---

*See accompanying notes to these unaudited consolidated financial statements.*

**RECREATIVES INDUSTRIES, INC.**

Notes to the Consolidated Financial Statements

For the Year Ended December 31, 2025

**Note 1 – Organization and Operations**

Recreatives Industries, Inc. ("RECX" or the "Company") is a Nevada corporation engaged in the manufacturing and sale of amphibious six-wheel-drive (6x6) all-terrain vehicles, related parts, accessories, and drivetrain components marketed under the MAX ATV brand. The Company operates from its leased manufacturing facility located in Florida and continues the MAX brand legacy originally established in 1969.<br>The Company is focused on the relaunch and expansion of the MAX ATV product line, including the continued development of additional vehicle platforms, manufacturing capabilities, and related products for commercial, recreational, and specialty-use markets.<br>On March 5, 2021, Andrew Lapp acquired control of Planet Resource Recovery, Inc., which subsequently became Recreatives Industries, Inc. On April 3, 2023, the Company amended and restated its Articles of Incorporation to change its name from Planet Resource Recovery, Inc. to Recreatives Industries, Inc. and effect a reverse stock split.<br>On November 26, 2021, the Company entered into an Asset Purchase Agreement with Agile Vehicle Technologies Limited for the acquisition of the MAX ATV product line assets, including tooling, intellectual property, CAD files, branding assets, drivetrain documentation, historical records, and related assets associated with the MAX ATV business. The total purchase price was $250,000, consisting of cash consideration and equity consideration. The acquired assets form a significant portion of the Company's operational and manufacturing foundation.

**Note 2 – Basis of Presentation and Significant Accounting Policies**

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").<br>The Company currently has no subsidiaries requiring consolidation.<br>Use of Estimates<br> The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported revenues and expenses. Actual results could differ from those estimates.<br>Cash and Cash Equivalents<br> The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.<br>Inventory<br> Inventory consists primarily of vehicle components, drivetrain components, raw materials, work-in-process inventory, and finished goods. Inventory is stated at the lower of cost or net realizable value using the average cost method.<br>Property and Equipment<br> Property and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over estimated useful lives of approximately five years.<br>Revenue Recognition<br> The Company recognizes revenue from the sale of vehicles, parts, accessories, and related products when control of the goods transfers to the customer, generally upon shipment, and collectability is reasonably assured.<br>Customer Deposits<br> Customer deposits primarily consist of non-refundable deposits received for future vehicle production orders. Revenue is recognized upon shipment of the related products.

<br> Income Taxes<br> The Company accounts for income taxes pursuant to ASC 740. Deferred tax assets and liabilities are recognized for temporary differences between financial statement carrying amounts and tax bases of assets and liabilities. A valuation allowance is recorded when it is more likely than not that deferred tax assets will not be realized.<br>Earnings Per Share<br> Basic earnings per share is computed using the weighted average number of common shares outstanding during the period. Diluted earnings per share includes potentially dilutive securities when their effect is dilutive.<br>Fair Value of Financial Instruments<br> The carrying amounts of cash, accounts payable, accrued expenses, notes payable, and other current liabilities approximate fair value due to the short-term nature of these instruments.<br>Subsequent Events<br> Management has evaluated subsequent events through the date the financial statements were available to be issued.

**Note 3 – Going Concern**

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has experienced recurring operating losses and has historically relied on debt financing and advances to support operations and growth initiatives.<br>Management believes recent investments in manufacturing equipment, production capabilities, operational infrastructure, and planned financing initiatives position the Company for future growth. The Company is also pursuing additional capital raising initiatives, including a Regulation A offering, intended to support working capital needs, expansion of production capacity, inventory growth, and operational scaling.<br>Management continues to focus on increasing revenues, expanding dealer relationships, improving operational efficiencies, and strengthening the Company's financial position. While uncertainties remain, management believes these initiatives provide a reasonable basis for the Company to continue operations and execute its growth strategy.

**Note 4 – Inventory**

Inventory totaled approximately $589,370 as of March 31, 2026. During the reporting period, the Company recorded a one-time inventory reconciliation adjustment related to inventory accounting reconciliation and internal inventory balancing procedures.

**Note 5 – Property and Equipment**

Property and equipment consisted primarily of manufacturing equipment, machinery, tooling, production assets, website assets, and acquired MAX ATV product line assets. The Company depreciates substantially all fixed assets over an estimated useful life of approximately five years.<br>A substantial portion of the Company's production tooling, intellectual property support assets, and manufacturing foundation originated from the MAX ATV asset acquisition completed in 2021.

**Note 6 – Notes Payable and Convertible Debt**

The Company has various promissory notes and convertible notes outstanding used to support operations, inventory purchases, equipment acquisition, payroll, and working capital requirements.<br>Certain convertible notes contain fixed conversion prices, including notes convertible at $0.0001 per common share. These notes do not contain variable conversion features, default penalties, warrants, or embedded derivative accounting features.<br>

<br> The Company also has a convertible note payable to Stoller with an 18% interest rate and repayment cap provisions. The note contains provisions allowing conversion adjustments in the event the Company completes qualifying financing transactions exceeding specified thresholds.<br>As of March 31, 2026, accrued interest associated with notes payable totaled approximately $128,417.

**Note 7 – Related Party and Financing Transactions**

ALGM Holdings LLC ("ALGM") is a significant third-party financier of the Company and holds both convertible and non-convertible debt obligations of the Company. ALGM is independently owned and is not considered an affiliate of the Company.<br>ALGM has historically provided working capital support to the Company through short-term advances and financing arrangements used for payroll, vendor payments, inventory purchases, and general operational support. Certain advances do not contain fixed repayment schedules and, in some instances, do not accrue interest.<br>The Company intends to utilize a portion of anticipated future financing proceeds to reduce or repay portions of outstanding short-term obligations owed to ALGM.

**Note 8 – Stockholders' Equity**

The Company is authorized to issue 700,000,000 shares of common stock with a par value of $0.0001 per share.<br>The Company has designated 100,000 shares as Series A Preferred Stock. Each share of Series A Preferred Stock is entitled to 3,000 votes per share and is convertible into 3,000 shares of common stock. The Series A Preferred Stock does not currently provide for liquidation preferences or mandatory redemption rights.<br>During prior periods, the Company issued common stock for consulting, investor relations, and compensation-related purposes, including the settlement of previously accrued executive compensation obligations approved by the Company's Board of Directors.

**Note 9 – Lease Commitments**

The Company leases its manufacturing and operational facility pursuant to a commercial lease agreement that commenced on September 1, 2023 and expires on September 1, 2026.<br>Current lease payments are approximately $8,820 per month on a triple-net basis, subject to annual increases. Management is currently negotiating a renewal extension with the landlord. The landlord is an unrelated third party.<br>The Company accounts for its lease obligations pursuant to ASC 842.

**Note 10 – Commitments and Contingencies**

The Company may be involved in various legal proceedings and claims arising in the ordinary course of business.<br>The Company is currently involved in litigation matters, including litigation in which the Company disputes the validity of service and intends to continue pursuing legal remedies seeking relief and/or vacature related to the underlying claims. Management believes the Company has valid legal defenses and intends to continue vigorously defending its interests.<br>The ultimate outcome of litigation matters cannot presently be determined with certainty.

**Note 11 – Income Taxes**

The Company has incurred net operating losses ("NOLs") from prior operating periods which may be available to offset future taxable income, subject to applicable limitations under federal and state tax laws.<br>The Company filed extensions related to its 2025 tax filings. Management believes a full valuation allowance against deferred tax assets is appropriate as of March 31, 2026 due to historical operating losses and uncertainty regarding future taxable income realization.

**PART III - EXHIBITS**

**Index to Exhibits**

---

| | |
|:---|:---|
| **Exhibit <br>Number** | **Exhibit Description** |
| [2.1](recx-ex2_1.htm) | [Charter — Amended and Restated Articles of Incorporation (as filed)](recx-ex2_1.htm) |
| [2.2](recx-ex2_2.htm) | [Certificate of Amendment to Designation](recx-ex2_2.htm) |
| [2.3](recx-ex2_3.htm) | [Certificate of Designation — Series A Preferred Stock](recx-ex2_3.htm) |
| [2.4](recx-ex2_4.htm) | [Bylaws](recx-ex2_4.htm) |
| [2.5](recx-ex2_5.htm) | [Shareholder Consent — Amendment and Restatement of Articles / Designations](recx-ex2_5.htm) |
| [4.1](recx-ex4_1.htm) | [Form of Subscription Agreement](recx-ex4_1.htm) |
| [6.1](recx-ex6_1.htm) | [MAX Asset Purchase Agreement (V4 Final, signed)](recx-ex6_1.htm) |
| [6.2](recx-ex6_2.htm) | [Employment Agreement, Andrew Lapp (CEO)](recx-ex6_2.htm) |
| [6.3](recx-ex6_3.htm) | [Settlement Agreement with ALGM Holdings](recx-ex6_3.htm) |
| [6.4(a)](recx-ex6_4a.htm) | [18% Promissory Note dated November 23, 2021, by and between Planet Resource Recovery Inc. and Gulf Coast Mercantile LLC](recx-ex6_4a.htm) |
| [6.4(b)](recx-ex6_4b.htm) | [Loan Assignment Agreement dated November 11, 2023, by and between Gulf Coast Mercantile LLC and ALGM Holdings LLC regarding the $230,000 Promissory Note dated November 23, 2021](recx-ex6_4b.htm) |
| [6.4(c)](recx-ex6_4c.htm) | [14% Promissory Note dated July 20, 2022, by and between Planet Resource Recovery Inc. and Gulf Coast Mercantile LLC](recx-ex6_4c.htm) |
| [6.4(d)](recx-ex6_4d.htm) | [Loan Assignment Agreement dated November 11, 2023, by and between Gulf Coast Mercantile LLC and ALGM Holdings LLC](recx-ex6_4d.htm) |
| [6.4(e)](recx-ex6_4e.htm) | [18% Promissory Note dated November 23, 2021, by and between Planet Resource Recovery Inc. and Gulf Coast Mercantile LLC](recx-ex6_4e.htm) |
| [6.4(f)](recx-ex6_4f.htm) | [Loan Assignment Agreement dated November 11, 2023, by and between Gulf Coast Mercantile LLC and ALGM Holdings LLC regarding the $40,000 Promissory Note dated November 23, 2021](recx-ex6_4f.htm) |
| [6.4(g)](recx-ex6_4g.htm) | [18% Promissory Note dated November 23, 2021, by and between Planet Resource Recovery Inc. and Andrew Lapp](recx-ex6_4g.htm) |
| [6.4(h)](recx-ex6_4h.htm) | [Loan Assignment Agreement dated November 11, 2023, by and between Andrew Lapp and ALGM Holdings LLC](recx-ex6_4h.htm) |
| [6.5(a)](recx-ex6_5a.htm) | [Convertible Loan Agreement dated November 11, 2023, by and between Recreatives Industries, Inc. and Ryan Stoller](recx-ex6_5a.htm) |
| [6.5(b)](recx-ex6_5b.htm) | [8% Convertible Promissory Note dated January 24, 2023, by and between Planet Resource Recovery, Inc. and Miroslav Zecevic](recx-ex6_5b.htm) |
| [6.5(c)](recx-ex6_5c.htm) | [8% Convertible Promissory Note dated January 24, 2023, by and between Planet Resource Recovery, Inc. and Emry Capital](recx-ex6_5c.htm) |
| [6.5(d)](recx-ex6_5d.htm) | [Convertible Loan Agreement dated January 8, 2024, by and between Recreatives Industries, Inc. and Amerixon Corporation](recx-ex6_5d.htm) |
| [6.5(e)](recx-ex6_5e.htm) | [Convertible Loan Agreement dated December 29, 2023, by and between Recreatives Industries, Inc. and Amerixon Corporation](recx-ex6_5e.htm) |
| [11.1](recx-ex12_1.htm) | [Consent of Counsel (included in / part of Exhibit 12.1 opinion)](recx-ex12_1.htm) |
| [12.1](recx-ex12_1.htm) | [Opinion of Legal Counsel (Securus Law Group / Craig A. Huffman, Esq.)](recx-ex12_1.htm) |

---

**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 Bradenton, State of Florida, on May 22, 2026.

---

| | |
|:---|:---|
| **Recreatives Industries, Inc.** | **Recreatives Industries, Inc.** |
| By: | /s/ *Andrew Lapp* |
|  | Andrew Lapp<br>Chief Executive Officer |

---

## Ex1A-2A

**Exhibit 2.1**

---

| | |
|:---|:---|
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**FRANCISCO V. AGUILAR** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Secretary of State** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**202 North Carson Street** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Carson City, Nevada 89701-4201** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**(775) 684-5708** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Website: www.nvsos.gov** |
| ![(SEAL)](re001_v1.jpg) |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Business Number |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**C19858-1996** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Filing Number |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**20233079941** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Filed On |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**4/3/2023 9:41:00 AM** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Number of Pages |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**8** |

---

---

| |
|:---|
| **<u>Profit Corporation:</u>** |
| **Certificate of Amendment** (PURSUANT TO NRS 78.380 & 78.385/78.390) |
| **Certificate to Accompany Restated Articles or Amended and** |
| **Restated Articles** (PURSUANT TO NRS 78.403) |
| **Officer's Statement** (PURSUANT TO NRS 80.030) |

---

**TYPE OR PRINT - USE DARK INK ONLY - DO NOT HIGHLIGHT** 

---

| | | |
|:---|:---|:---|
| **1. Entity information** | Name of entity as on file with the Nevada Secretary of State: | Name of entity as on file with the Nevada Secretary of State: |
|  | Planet Resource Recovery, Inc. | Planet Resource Recovery, Inc. |
|  | Entity or Nevada Business Identification Number (NVID): | NV19961195353 |

---

---

| | |
|:---|:---|
| **2. Restated or** | ⌧ Certificate to Accompany Restated Articles or Amended and Restated Articles |
| **Amended and<br> Restated Articles:** | □ Restated Articles - No amendments; articles are restated only and are signed by an officer<br> of the corporation who has been authorized to execute the certificate by resolution of the |
| (Select one) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;board of directors adopted on: |
| (If <u>amending and</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;The certificate correctly sets forth the text of the articles or certificate as amended to the date of the certificate. |
| <u>restating only</u>, complete | ⌧ Amended and Restated Articles |
| section 1, 2, 3, 5 and 6) | \* Restated or Amended and Restated Articles must be included with this filing type. |

---

---

| | |
|:---|:---|
| **3. Type of<br> Amendment Filing<br> Being Completed:**<br> (Select only one box)<br>(If amending, complete<br> section 1, 3, 5 and 6.) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ Certificate of Amendment to Articles of Incorporation (Pursuant to NRS 78.380 - Before Issuance of Stock)<br>The undersigned declare that they constitute at least two-thirds of the following:<br>(Check only one box) □ incorporators □ board of directors<br>The undersigned affirmatively declare that to the date of this certificate, no stock of the corporation has been issued |

---

---

| |
|:---|
|  □ Certificate of Amendment to Articles of Incorporation (Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of the articles of incorporation\* have voted in favor of the amendment is: |

---

---

| | | | |
|:---|:---|:---|:---|
| □ Officer's Statement (foreign qualified entities only) - | □ Officer's Statement (foreign qualified entities only) - | □ Officer's Statement (foreign qualified entities only) - | □ Officer's Statement (foreign qualified entities only) - |
|  | Name in home state, if using a modified name in Nevada: | Name in home state, if using a modified name in Nevada: | Name in home state, if using a modified name in Nevada: |
|  | Jurisdiction of formation: | Jurisdiction of formation: | |
|  | Changes to takes the following effect: | Changes to takes the following effect: |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ | The entity name has been amended. | □ Dissolution |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ | The purpose of the entity has been amended. | □ Merger |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ | The authorized shares have been amended. | □ Conversion |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ | Other: (specify changes) | |
| &nbsp;&nbsp;\* Officer's Statement must be submitted with either a certified copy of or a certificate evidencing the filing of any document, amendatory or otherwise, relating to the original articles in the place of the corporations creation. | &nbsp;&nbsp;\* Officer's Statement must be submitted with either a certified copy of or a certificate evidencing the filing of any document, amendatory or otherwise, relating to the original articles in the place of the corporations creation. | &nbsp;&nbsp;\* Officer's Statement must be submitted with either a certified copy of or a certificate evidencing the filing of any document, amendatory or otherwise, relating to the original articles in the place of the corporations creation. | &nbsp;&nbsp;\* Officer's Statement must be submitted with either a certified copy of or a certificate evidencing the filing of any document, amendatory or otherwise, relating to the original articles in the place of the corporations creation. |

---

<br> This form must be accompanied by appropriate fees. Page 1 of 2<br> Revised: 12/12/2022

---

| | |
|:---|:---|
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**FRANCISCO V. AGUILAR** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Secretary of State** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**202 North Carson Street** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Carson City, Nevada 89701-4201** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**(775) 684-5708** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Website: www.nvsos.gov** |
| ![(SEAL)](re001_v1.jpg) |  |

---

---

| |
|:---|
| **Profit Corporation:** |
| **Certificate of Amendment** (PURSUANT TO NRS 78.380 & 78.385/78.390) |
| **Certificate to Accompany Restated Articles or Amended and** |
| **Restated Articles** (PURSUANT TO NRS 78.403) |
| **Officer's Statement** (PURSUANT TO NRS 80.030) |

---

---

| | | |
|:---|:---|:---|
| **4. Effective Date and Time:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time: |
| (Optional) | (must not be later than 90 days after the certificate is filed) | (must not be later than 90 days after the certificate is filed) |

---

---

| | |
|:---|:---|
| **5. Information Being Changed:**<br> (Domestic corporations only) | Changes to takes the following effect: |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ The entity name has been amended. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ The registered agent has been changed. (attach Certificate of Acceptance from new registered agent) |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ The purpose of the entity has been amended. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ The authorized shares have been amended. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ The directors, managers or general partners have been amended. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ IRS tax language has been added. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ Articles have been added. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ Articles have been deleted. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;□ Other. |
| **5. Information Being Changed:**<br> (Domestic corporations only) | The articles have been amended as follows: (provide article numbers, if available) |
| **5. Information Being Changed:**<br> (Domestic corporations only) | &nbsp;&nbsp;I, III and VIII |
| **5. Information Being Changed:**<br> (Domestic corporations only) | (attach additional page(s) if necessary) |

---

---

| | | | |
|:---|:---|:---|:---|
| **6. Signature:**<br> (Required) | &nbsp;&nbsp;X | ![(-s- Andrew Lapp)](re003_v1.jpg) | CEO |
|  |  | Signature of Officer or Authorized Signer | Title |
|  | &nbsp;&nbsp;X | ![(-s- Gerald Mounger)](re004_v1.jpg) | Director |
|  |  | Signature of Officer or Authorized Signer | Title |
|  | &nbsp;&nbsp;\* If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof. | &nbsp;&nbsp;\* If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof. | &nbsp;&nbsp;\* If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof. |

---

---

| |
|:---|
| **Please include any required or optional information in space below:** |
| (attach additional page(s) if necessary) |

---

This form must be accompanied by appropriate fees. Page 2 of 2<br> Revised: 12/12/2022

**AMENDED AND RESTATED<br> ARTICLES OF INCORPORATION<br> OF<br> PLANET RESOURCE RECOVERY, INC.,**<br> a Nevada corporation

1. The
name of the corporation is Planet Resource Recovery, Inc. (the "**Corporation**") which has a vast company naming history
since its incorporation. The Corporation was incorporated by filing its original articles of incorporation with the Secretary of State
of Nevada ()"**SOS of Nevada**") on September 19, 1996, under the name "Biotherapeutics Corporation." Then the
Corporation amended its articles to change its name on January 17, 1997, to "Granite Development Corporation." Then the Corporation
amended its name on April 5, 1997, to "Technology Logistics Systems, Inc." Later the Corporation amended its articles to change
its name to "Interactive Business Development, Inc." on December 16, 2005. On May 25, 2006, the Corporation amended its articles
to change the name to "Anchor Technologies, Inc." The Corporation amended its articles to change its name to "American
Biodiesel Fuels Corp" on September 7, 2007. Due to a merger the Corporation amended its articles to change its name from "American
Biodiesel Fuel Corp" to "Planet Resource Recovery, Inc." on February 15, 2007. Now the Corporation is amending its articles
of incorporation to change its name from "Planet Resource Recovery, Inc." to "Recreatives Industries, Inc."

2. The
 Amended and Restated Articles of Incorporation ()"**Amended Articles**") reads
 as follows:

**ARTICLE I**

The name of the Corporation is Recreatives Industries, Inc.

**ARTICLE II**

The Corporation may engage in any lawful activity.

**ARTICLE III**

<u>Classes of Stock</u>. The total number of shares that the Corporation is authorized to issue is 1,460,000,000 shares of common stock, par value $0.001 per share (the "**Common Stock**"); and 100,000 shares of preferred stock, par value $0.001 per share (the "**Preferred Stock**"). 100,000 shares of the Corporation's Preferred Stock is designated as "Series A Preferred Stock."

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Common Stoc</u> k.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Dividend and Liquidation Rights</u>. The dividend and liquidation rights of the holders of the Common Stock shall be subject to and qualified
by the rights, powers, and preferences of the holders of the Preferred Stock, as determined by the Board of Directors pursuant to Article
III Section 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Voting Rights</u>. Each holder of one share of Common Stock shall have the right to one (1) vote for each such share. The holders of shares
of Common Stock shall be entitled to notice of any stockholders' meeting in accordance with the Bylaws of the Corporation and shall
be entitled to vote upon such matters and in such manner as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>2023 Reverse</u> Stock Split. Effective as of the date of approval by FINRA, the Corporation's shares of common stock issued and outstanding
shall be subject to a 30 for 1 reverse stock split ()"**2023 Reverse Stock Split** ").

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Preferred Stock</u>. The Board of Directors is hereby expressly authorized to provide, out of the unissued shares of Preferred Stock, for one or
more series of Preferred Stock and, with respect to each such series, to fix the number of shares constituting such series and the designation
of such series, the voting powers, if any, of the shares of such series, and the preferences and relative, participating, optional, or
other special rights, if any, and any qualifications, limitations, or restrictions thereof, of the shares of such series. The powers,
preferences and relative, participating, optional, and other special rights of each series of Preferred Stock, and the qualifications,
limitations, or restrictions thereof, if any, may differ from those of all other series at any time outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Series A Preferred Stock (the "**Series A Stock** ")</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;i. <u>Conversion</u>. Any holder of the Series A Stock shall be entitled to convert each share of Series A Stock into 3,000 shares of the Corporation's Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. <u>Liquidation and Dividends</u>. The Series A Stock, notwithstanding the prior preferences, if any, granted to any other class or series of stock before or after the issue date will entitle the holder of record to dividends as approved by the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&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>Voting Rig**hts**</u>. The holders of the Series A Stock issued and outstanding, except as otherwise provided by law shall have and possess the right to notice of stockholders' meetings and the right to vote on the election of directors or any other matter together with holders of all other classes of voting stock of the Corporation based on three thousand (3,000) votes for each share of Series A Stock owned.

&nbsp;&nbsp;&nbsp;&nbsp;&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. <u>Exclusion of Other Rig**hts**</u>. Except otherwise required by law, the shares of Series A Stock shall not have any preferences or relative, participating optional or other special rights, other than those specifically set forth in these Amended Articles of the Corporation. The shares of Series A Stock shall have no preemptive or subscription rights.

&nbsp;&nbsp;&nbsp;&nbsp;&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. <u>Protective Provisions</u>. So long as any of the Series A Stock shall be outstanding, the Corporation shall not without first obtaining the approval (by vote or written consent, as provided by law) of the holders of at least two-thirds of the total number of shares of Series A Stock outstanding:

&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. <u>No Alteration of Rights</u>. Alter or change the rights, preferences, or privileges of the Series A Stock to adversely affect in
any manner the Series A Stock; 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;2. <u>No Change in Authorized Shares</u>. Increase the authorized number of Series A Stock; 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;3. <u>Creation of New Class of Capital Stock</u>. Create any new class of shares having preferences over or being on a parity with the Series A Stock
as to dividends or assets, unless the purpose of creation of such class is, and the proceeds to be derived from the sale and issuance
thereof are to be used for, the retirement of all Series A Stock then outstanding; 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;4. <u>Repurchase of Capital Stock</u>. Repurchase any of the Corporation's Common Stock; 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;5. <u>Disposition of Assets</u>. Sell, convey, or otherwise dispose of, or create or incur any mortgage, lien, charge or encumbrance on or security interest
in or pledge of or sell and leaseback, or substantially all the property or business 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;ii. <u>Status of Reacquired Series A Stock</u>. Shares of Series A Stock which have been issued and reacquired in any manner shall (upon compliance
with any applicable provisions of the State of Nevada) have the status of authorized and unissued shares of Preferred Stock issuable
in a series undesignated and may be redesignated and reissued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>No other Series of Preferred Stock</u>. There are no shares of any other Series of Preferred Stock authorized. This Amendment supersedes
all prior certificates of designation for any other class of Preferred Stock, Series B or otherwise.

**ARTICLE IV**

The governing board of the Corporation shall be styled as a "**Board of Directors**," and any member of such Board of Directors shall be styled as a director. The number of directors of the Corporation may be fixed and increased or decreased in the manner provided in the Bylaws of the Corporation, provided that the number of directors shall never be less than one. Vacancies and newly created directorships, whether resulting from an increase in the size of the Board of Directors or due to the death, resignation, disqualification, or removal of a director or otherwise, may be filled by the affirmative vote of a majority of the remaining directors, even if less than a quorum. A director elected to fill a vacancy shall hold office for the unexpired term of that director's predecessor in office and until that director's successor is duly elected and qualified shall be governed by the terms of these Amended Articles of Incorporation or the resolution or resolutions adopted by the Board of Directors.

**ARTICLE V**

The personal liability of the directors and officers of the Corporation hereby is eliminated to the fullest extent permitted by Nevada Revised Statutes, Chapter 78, as the same exists or hereafter may be amended. No director or officer of the Corporation will be liable to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, excepting only (i) acts or omissions that involve intentional misconduct, fraud, or a knowing violation of law or (ii) the payment of dividends in violation of Nevada Revised Statutes Section 78.300. No amendment, modification or repeal of this Article V shall apply to or have any effect on the liability or alleged liability of any director or officer of the Corporation for or with respect to any act or omission of such director or officer having occurred before such amendment, modification, or repeal, except as otherwise required by law.

**ARTICLE VI**

The Corporation shall, to the fullest extent permitted by the laws of the State of Nevada, as the same exist or hereafter may be amended (but in the case of such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than such laws permitted the Corporation to provide before such amendment), indemnify and hold harmless each person who was or is a party or is threatened to be made a party to or is involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a "**Proceeding**"), by reason of the fact that such person or a person for whom such person is the legal representative is or was a director or officer of the Corporation or is or was serving at the request of the Corporation as a director, officer, manager or trustee of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether the basis of such Proceeding is alleged action or inaction in an official capacity or in any other capacity while serving as a director or officer of the Corporation or at the request of the Corporation as a director, officer, manager or trustee of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, against and from all costs, charges, expenses, liabilities and losses (including attorneys' fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement and amounts expended in seeking indemnification granted to such person under applicable law, this Article VI or any agreement with the Corporation) reasonably incurred or suffered by such person in connection therewith. The Corporation may, by action of the Board of Directors or through the adoption of Bylaws, provide indemnification to employees and agents of the Corporation, and to persons who are serving or did serve at the request of the Corporation as an employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, with the same scope and effect as provided to the directors and officers of the Corporation pursuant to the foregoing provisions of this Article VI.

The indemnification provided for herein shall not be deemed exclusive of any other right to which a person indemnified may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to actions of such person in such person's official capacity and as to actions of such person in another capacity while holding such office. The Corporation shall have power to 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, manager, trustee, employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, against any liability asserted against 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 Nevada Revised Statutes, Chapter 78. The expenses of any director or officer, current or past, incurred in defending a civil or criminal action, suit or proceeding shall be paid by the Corporation as incurred and in advance of the final disposition of such action, suit or proceeding upon the Corporation's receipt of an undertaking by or on behalf of such current or past director or officer to repay the Corporation for all of such expenses if it ultimately is determined by a court of competent jurisdiction that such current or past director or officer is not entitled to be indemnified by the Corporation. The indemnification provided for herein shall continue as to a person who has ceased to be a director, officer, employee or agent of the Corporation, or who has ceased to serve at the request of the Corporation as a director, officer, manager, trustee, employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, and shall inure to the benefit of such person's heirs, executors and administrators. No amendment, modification or repeal of this Article VI applies to or has any effect on any right or protection of any director, officer, employee or agent of the Corporation, or any person who is or was serving at the request of the Corporation as a director, officer, manager, trustee, employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, existing at the time of such amendment, modification or repeal.

**ARTICLE VII**

In furtherance and not in limitation of the rights, powers, privileges and discretionary authority granted or conferred by Nevada Revised Statutes, Chapter 78 or other statutes or laws of the State of Nevada, the Board of Directors is expressly authorized: (i) to make, adopt, amend, alter or repeal the Bylaws of the Corporation, except as and to the extent otherwise provided in such Bylaws; (ii) from time to time to adopt bylaw provisions with respect to indemnification of directors, officers, employees, agents and other persons as the Board of Directors deems expedient and in the best interests of the Corporation and to the extent permitted by law; and (iii) to fix and determine designations, preferences, privileges, rights and powers, and relative, participating, optional or other special rights, qualifications, limitations or restrictions, on the capital stock of the Corporation as provided by Nevada Revised Statutes Section 78.195, unless otherwise provided herein.

**ARTICLE VIII**

The Corporation reserves the right to amend, alter, change or repeal any provision contained in these Amended 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.

**IN WITNESS WHEREOF**, Planet Resource Recovery, Inc. has caused these Amended and Restated Articles of Incorporation to be executed by a duly authorized officer on this 17 day of March 2023.

---

| | |
|:---|:---|
| By: | ![(STAMP)](re005_v1.jpg) |
|  | Andrew Lapp <br> CEO |

---

![(BACK COVER)](re006_v1.jpg)

## Ex1A-2A

**Exhibit 2.2**

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| | |
|:---|:---|
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**FRANCISCO V. AGUILAR** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Secretary of State** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**202 North Carson Street** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Carson City, Nevada 89701-4201** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**(775) 684-5708** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Website: www.nvsos.gov** |
| ![(SEAL)](re001_v1.jpg) |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Business Number |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**C19858-1996** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Filing Number |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**20233079904** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Filed On |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**4/3/2023 9:41:00 AM** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Number of Pages |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re002_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**1** |

---

**<u>Certificate, Amendment or Withdrawal of Designation</u>** <br> **NRS 78.1955, 78.1955(6)** <br> □**Certificate of Designation** <br> □**Certificate of Amendment to Designation - Before Issuance of Class or Series** <br> ⌧ **Certificate of Amendment to Designation - After Issuance of Class or Series** <br> □**Certificate of Withdrawal of Certificate of Designation**<br>

**TYPE OR PRINT - USE DARK INK ONLY - DO NOT HIGHLIGHT** 

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| | | |
|:---|:---|:---|
| **1. Entity information:** | Name of entity: | Name of entity: |
|  | Planet Resource Recovery, Inc. | Planet Resource Recovery, Inc. |
|  | Entity or Nevada Business Identification Number (NVID): | &nbsp;&nbsp;&nbsp;NV19961195353 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **2. Effective date and time:** | For Certificate of Designation or Amendment to Designation Only (Optional): | Date: | | &nbsp;&nbsp;&nbsp;Time: |
|  | For Certificate of Designation or Amendment to Designation Only (Optional): |  | (must not be later than 90 days after the certificate is filed) | (must not be later than 90 days after the certificate is filed) |

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| | |
|:---|:---|
| **3. Class or series of stock:** (Certificate of Designation only) | The class or series of stock being designated within this filing: |
| **3. Class or series of stock:** (Certificate of Designation only) | |

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| | |
|:---|:---|
| **4. Information for amendment of class or series of stock:** | The original class or series of stock being amended within this filing: |
| **4. Information for amendment of class or series of stock:** | |
| **5. Amendment of class or series of stock:** | □ Certificate of Amendment to Designation- Before Issuance of Class or Series |
| **5. Amendment of class or series of stock:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the date of this certificate no shares of the class or series of stock have been issued. |
| **5. Amendment of class or series of stock:** | ⌧ Certificate of Amendment to Designation- After Issuance of Class or Series |
| **5. Amendment of class or series of stock:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amendment has been approved by the vote of stockholders holding shares in the corporation entitling them to exercise a majority of the voting power, or such greater proportion of the voting power as may be required by the articles of incorporation or the certificate of designation. |

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| | |
|:---|:---|
| **6. Resolution:** (Certificate of Designation and Amendment to Designation only) | By resolution of the board of directors pursuant to a provision in the articles of incorporation this certificate establishes OR amends the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock.\* |
|  | We are amending series A to remove the anti-dilution provisions |

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| | | |
|:---|:---|:---|
| **7. Withdrawal:** | Designation being Withdrawn: | Date of Designation: |
|  | No shares of the class or series of stock being withdrawn are outstanding. | No shares of the class or series of stock being withdrawn are outstanding. |
|  | The resolution of the board of directors authorizing the withdrawal of the certificate of designation establishing the class or series of stock: \* | The resolution of the board of directors authorizing the withdrawal of the certificate of designation establishing the class or series of stock: \* |

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| | | | | |
|:---|:---|:---|:---|:---|
| **8. Signature:** (Required) | &nbsp;&nbsp; X | ![(-s- Andrew Lapp)](re003_v1.jpg) |  | |
|  |  | Signature of Officer | Date: | **03/30/2023** |

---

\* Attach additional page(s) if necessary Page 1 of 1 <br> This form must be accompanied by appropriate fees. Revised: 12/15/2022

## Ex1A-2A

**Exhibit 2.3**

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| | |
|:---|:---|
| ![(STAMP)](re001_v1.jpg) | **BARBARA K. CEGAVSKE**<br> **Secretary of State**<br> **202 North Carson Street**<br> **Carson City, Nevada 89701-4201<br> (775) 684-5708**<br> **Website: www.nvsos.gov** |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Business Number |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**C19858-1996** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Filing Number |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**2011387978** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Filed On |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**4/15/2021 8:00:00 AM** |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;Number of Pages |
| &nbsp;&nbsp;Filed in the Office of<br> ![(SIGNATURE)](re007_v1.jpg)<br> Secretary of State<br> State Of Nevada | &nbsp;&nbsp;**10** |

---

<br> **Certificate of Amendment**<br>(PURSUANT TO NRS 78.385 AND 78.390)<br>

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| | |
|:---|:---|
| **USE BLACK INK ONLY - DO NOT HIGHLIGHT** | **ABOVE SPACE IS FOR OFFICE USE ONLY** |

---

**<u>Certificate of Amendment to Articles of Incorporation <br> For Nevada Profit Corporations</u>**

**(Pursuant to NRS 78.385 and 78.390 - After Issuance of Stock)**

1. Name of corporation:

Planet Resource Recovery, Inc.

2. The articles have been amended as follows: (provide article numbers, if available) Increase the Authorized Shares from 460,000 to 460,000,000.

and

Authorization of Preferred Stock in the amount of 10,000,000 shares par value $0.001.

3. The vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater proportion of the required in the case of a vote by classes or series, or as may be required articles of incorporation\* have voted in favor of the amendment is: 100

4. Effective date and time of filing: (optional) Date: Time: <br> (must not be later than 90 days after the certificate is filed)

5. Signature: (required)

**X ![(-s- Brandon Dean)](re008_v1.jpg)**

**Signature of Officer**

\* If any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations or restrictions on the voting power thereof.

IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.

Nevada Secretary of State Amend Profit-After <br> *This form must be accompanied by appropriate fees,* Revised: 1-5-15

This fax was received by GFI FaxMaker fax server. For more information, visit: http://www.gfi.com

**ACTION BY WRITTEN CONSENT OF THE CUSTODIAN OF PLANET RESOURCE<br> RECOVERY, INC.**

WHEREAS, pursuant to the ORDER APPOINTING CUSTODIAN, issued by the Eighth Judicial District Court of Clark County, Nevada on August 3, 2020, applicable statutes and Bylaws of this Corporation, it is deemed desirable and in the best interests of this Corporation that the following actions be taken by the Custodian of this Corporation pursuant to this Written Consent :

NOW, THEREFOR BE IT RESOLVED that the undersigned Custodian of this Corporation hereby approve and adopt the following:

**<u>CREATION OF SERIES A PREFERRED STOCK</u>**

WHEREAS, the Custodian deems it in the best interest of the Corporation to create a Series A Preferred Stock in accordance with the attached Certificate of Designation of the Series A Preferred Stock ***Pursuant to the Nevada Revised Statutes Law*** to improve the capitalization of the Corporation, and

WHEREAS, in accordance with the Order Appointing Custodian, the Nevada Corporations Code and the Corporation's Bylaws, the Corporation may create Series A Preferred Stock with the rights granted by the Certificate of Designation by the written consent of its Custodian.

NOW, THEREFORE, BE IT

RESOLVED, by written consent of the Custodian, that pursuant to the provisions of the Certificate of Incorporation of the Corporation (as such may be amended, modified or restated from time to time) (which authorizes 10,000,000 shares of preferred stock, par value $0,001 per share (the "***Preferred Stock***")), and the authority thereby vested in the Board, the rights of the Series A Preferred Stock may be, and hereby are, created, and that the designation and number of shares of such series, and the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions thereof are as set forth in the attached Certificate of Designation.

RESOLVED, by written consent of the Custodian, that the total authorized shares of the Series A Preferred Stock will be one hundred thousand (100,000) shares.

**<u>INCREASE OF AUTHORIZED COMMON SHARES</u>**

WHEREAS, the Custodian deems it in the best interest of the Corporation to increase the number of authorized shares of common stock due to failure of the prior management and owners to maintain the proper number of shares ***Pursuant to the Nevada Revised Statutes Law*** to improve the capitalization of the Corporation, and

This fax was received by GFI FaxMaker fax server. For more information, visit: http://www.gfi.com

WHEREAS, in accordance with the Order Appointing Custodian, the Nevada Corporations Code and the Corporation's Bylaws, the Corporation may take action to bring the Corporations stock information up to date.

NOW, THEREFORE, BE IT

RESOLVED, by written consent of the Custodian, that pursuant to the provisions of the Certificate of Incorporation of the Corporation (as such may be amended, modified or restated from time to time) which authorizes 460,000 shares of common stock, par value $0.001 per share, and the authority thereby vested in the Custodian, the number of authorized common shares shall be increased to 460,000,000, and hereby are, created, and that the designation and number of shares of such series, and the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions thereof are as set forth in the attached Certificate of Designation.

RESOLVED, by written consent of the Custodian, that the total authorized shares of the common stock will be four hundred sixty million (460,000,000) shares.

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

WHEREAS, the Custodian has deemed it in the best interests of the Corporation to enter into a Management Agreement for the reinstatement of the Company into good standing and active operation.

WHEREAS. Mina Mar Group, Corp has agreed to pay cash, assume the debt and provide other consideration to the Corporation;

NOW, THEREFORE. BE IT

RESOLVED, that the Corporation shall enter into the attached Management Agreement with Mina Mar Group, Corp;

**<u>GENERAL RESOLUTIONS</u>**

RESOLVED, that any officer of the Corporation is hereby authorized and directed to take or cause to be taken all such further actions, to cause to be executed and delivered all such further agreements, documents, amendments, requests, reports, certificates, and other instruments, in the name and on behalf of the Corporation, and to take all such further action, as such officer executing the same in his or her discretion may consider necessary- or appropriate, in order to carry- out the intent and purposes of the foregoing resolutions;

FURTHER RESOLVED, that this Consent shall have the same force and effect as a majority vote cast at a special meeting of the Shareholders, duly called, noticed, convened and held in accordance with the law, the Articles of Incorporation, and the Bylaws of the Corporation.

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This written consent shall be filed in the Minute Book of this Corporation and become part of the records of this Corporation. This written consent may be signed in counterpart and by fax.

<u>Dated</u>: April 11, 2021

CUSTODIAN:

Brandon Bean

BRANDON DEAN

Appointed Custodian June 11, 2020 by the<br> Eighth Judicial District Court of Clark County, NV<br> Case No.: A-20-814024-P

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|:---|:---|
| **Signature:** | ![(SIGNATURE)](re008_v1.jpg) |

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**Email:** bdeanl468@gmail.com

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![(PAGE)](re009_v1.jpg)

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**Certificate of Designation** 

**Preferred Stock Class:**

**Series A**

**PLANET RESOURCE RECOVERY, INCORPORATED**

PLANET RESOURCE RECOVERY, INC., a corporation organized and existing under the General Corporation Law of the State of Nevada, (the "Company").

DOES HEREBY CERTIFY:

That, the Custodian of the Company (the "Custodian"), as permitted by the Court Order issued by the Eighth Judicial District Court of Clark County, NV dated August 3, 2020, as required by the Nevada Statutes, and in accordance with the provisions of its Certificate of Incorporation and Bylaws, each as amended and restated through the date hereof, has and hereby authorizes a series of the Company's previously authorized 10,000,000 shares of preferred stock, par value $0.001 per share (the "Preferred Stock"), and hereby states the designation and number of shares, and fixes the relative rights, preferences, privileges, powers and restrictions thereof, as follows:

I. DESIGNATION
AND AMOUNT

The designation of this series consists of one hundred thousand (100,000) shares of Preferred Stock and is the Series A Preferred Stock (the "Series A Preferred Stock").

II. CERTAIN
DEFINITIONS

For purposes of this Certificate of Designation, in addition to the other terms defined herein, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. "Common
Stock" means the common stock of the Company, par value $0.001 per share, together with any securities into which the common stock
may be reclassified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. "Corporation"
means the collective reference to the Company and its successors in interest.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. "Holder"
shall mean the holder or owner of shares or his/her designee or assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. "Securities
Exchange" means any one of the New York Stock Exchange, NYSE, AMEX, NASDAQ, OTC Bulleting Board, OTM Markets or any other securities
exchange or recognized quotation service in the United States where the Corporation's Common Stock may be traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. "Series
A Preferred Stock" shall mean the ten thousand (100,000) shares of Series A Preferred Stock authorized for issuance pursuant to
the Certificate of Designation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. "Trading
Day" shall mean any day on which the Common Stock is traded for any period on the Securities Exchange or other securities market
on which the Common Stock is then being traded.

III. DIVIDENDS

The Holder of Series A Preferred Stock will not be entitled to receive dividends of any kind, including but not limited to dividends paid on Common Stock.

IV. CONVERSION

The Holder of the Series A Preferred Stock shall have the right, from time to time, to convert shares of the Series A Preferred Stock at the conversion ratio of one hundred fifty (150) shares of Common Stock for each single (1) share of Series A Preferred Stock. Shares of Series A Preferred Stock are anti-dilutive to reverse splits, and therefore in the case of a reverse split, are convertible to the number of Common Shares after the reverse split as would have been equal to the ratio herein prior to the reverse split. The conversion rate of the Series A Preferred Stock would increase proportionately in the case of forward splits, and may not be diluted by a reverse split following a forward split.

V. LIQUIDATION
PREFERENCE

The Series A Preferred Stock shall have liquidation rights with respect to liquidation preference upon the event of any liquidation, dissolution or winding up of the Corporation, either voluntary or involuntary equal to the number of shares of Common Stock as if all Series A Preferred Shares remaining issued and outstanding were converted to Common Stock.

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VI. VOTING
RIGHTS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. If
at least one share of Series A Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series A Preferred
Stock at any given time, regardless of their number, shall have voting rights equal to three (3) times the sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The
total number of shares of Common Stock which are issued and outstanding at the time of voting, plus,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. the
total number of votes granted to any preferred stock series which are issued and outstanding at the time of voting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Each
individual share of Series A Preferred Stock shall have the voting rights equal to three times the sum of all shares of Common Stock
issued and outstanding at the time of voting plus the cumulative voting rights of all preferred stock series issued and outstanding at
the time of voting divided by the number of shares of Series A Preferred Stock issued and outstanding at the time of voting.

VII. MISCELLANEOUS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Lost or Stolen Certificates. Upon receipt by the Corporation of (i) evidence of the loss, theft, destruction or mutilation of any Series A Preferred Stock Certificate(s) and (ii) in the case of loss, theft or destruction, indemnity (without and bond or other security) reasonably satisfactory to the Corporation, or in the case of mutilation, the Series A Preferred Stock Certificate(s) (surrendered for cancellation), the Corporation shall execute and deliver new Series A Stock Certificate(s) of like tenor and date. However, the Corporation shall not be obligated to reissue such lost, stolen, destroyed or mutilated Series A Preferred Stock Certificate(s) if the Holder contemporaneously requests the Corporation to convert such Series A Preferred Stock.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Waiver. Notwithstanding any provision in this Certificate of Designation to the contrary, any provision contained herein and any right of the Holder of Series A Preferred Stock granted hereunder may be waived as to all shares of Series A Preferred Stock (and the Holder thereof) upon the written consent of the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Notices. Any notices required or permitted to be given under the terms hereof shall be sent by certified or registered mail (return receipt requested) or delivered personally, by nationally recognized overnight carrier or by confirmed facsimile transmission or by confirmed email transmission, and shall be effective five days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered personally or by nationally recognized overnight carrier or confirmed facsimile or email transmission, in each case addressed to party.

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## Ex1A-2B

**Exhibit 2.4**

**BYLAWS OF PLANET RESOURCE RECOVERY, INC.**

**ARTICLE I<br> OFFICES**

**Section 1.1. Registered Agent and Office.** The registered agent of the Corporation (the "**Corporation**") shall be as set forth in the Corporation's articles of incorporation, as amended and restated (the "**Articles of Incorporation**") and the registered office of the Corporation shall be the street office of that agent. The board of directors of the Corporation (the "**Board of Directors**") may at any time change the Corporation's registered agent or office by making the appropriate filing with the Nevada Secretary of State ("**SOS**").

**Section 1.2. Principal Office.** The principal office of the Corporation shall be at such place within or without the State of Nevada as shall be fixed from time to time by the Board of Directors.

**Section 1.3. Other Offices.** The Corporation may also have other offices, within or without the State of Nevada, as the Board of Directors may designate, as the business of the Corporation may require, or as may be desirable.

**Section 1.4. Books and Records.** Any records maintained by the Corporation in the regular course of its business, including its stock ledger, books of account, and minute books, may be maintained on any information storage device or method that can be converted into clearly legible paper form within a reasonable time. The Corporation shall convert any records so kept on the written request of any person entitled to inspect such records pursuant to applicable law.

**ARTICLE II<br> STOCKHOLDERS**

**Section 2.1. Place of Meeting.** Meetings of the stockholders shall be held at such place, if any, either within or without the State of Nevada, or by means of remote communication in accordance with Section 2.2, as shall be fixed by the Board of Directors and designated in the notice of the meeting or executed waiver of notice.

**Section 2.2. Participation By Remote Communication.** Stockholders not physically present at a meeting of the stockholders may participate in the meeting by remote communication, including (without limitation) electronic communication, videoconference, teleconference, or other available technology if the Corporation implements reasonable measures to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Verify
the identity of each stockholder participating by remote communication; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Provide
the stockholders a reasonable opportunity to participate and vote, including an opportunity to communicate and read or hear the proceedings
in a substantially concurrent manner with the proceedings. Stockholders participating by remote communication shall be considered present
in person at the meeting.

**Section 2.3. Annual Meeting.** An annual meeting of stockholders, for the purpose of electing directors and transacting any other business as may be brought before the meeting, shall be held at such date, time, and place, if any, as determined by the Board of Directors and designated in the notice of the meeting. Failure to hold the annual meeting of stockholders at the designated time shall not affect the validity of any action taken by the Corporation.

**Section 2.4. Special Meetings.** Special meetings of stockholders may be called by the Board of Directors, any two directors, or the President. The only business which may be conducted at a special meeting of stockholders shall be the matter or matters set forth in the notice of such meeting.

**Section 2.5. Fixing The Record Date.** For the purpose of determining stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, the record date shall be the date fixed by resolution of the Board of Directors. If no date is specified, the record date shall be the close of business on the day before the day the first notice of the meeting is given or, if notice is waived, the close of business on the day before the day the meeting is held.

A record date fixed under this Section may not be less than ten (10) or more than sixty (60) days before the meeting of stockholders. A determination of stockholders entitled to notice of or to vote at a meeting of stockholders is effective for any adjournment or postponement of the meeting unless the Board of Directors fixes a new record date for the adjourned or postponed meeting. The Board of Directors must fix a new record date if the meeting is adjourned or postponed more than sixty (60) days after the original meeting of stockholders.

**Section 2.6. Notice of Stockholders' Meeting.** Written notice stating the place (if any), date, and time of the meeting, the means of any remote communication by which stockholders may participate in the meeting, and, in the case of a special meeting, the purpose or purposes for which the meeting is called, shall be given not less than ten (10), and not more than sixty (60), days before the date of the meeting. Notice to each stockholder entitled to vote at the meeting shall be given personally, by mail, or by electronic transmission if consented to by a stockholder, by or at the direction of the Secretary or the officer or person calling the meeting. If mailed, the notice shall be deemed to be given when deposited in the United States mail addressed to the stockholder at the stockholder's address as it appears on the share transfer records of the Corporation, with postage thereon prepaid. Any stockholder entitled to notice of a meeting may sign a written waiver of notice delivered to the Corporation either before or after the meeting. A stockholder's participation or attendance at a meeting shall constitute a waiver of notice, except where the stockholder attends for the specific purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called or convened.

**Section 2.7. Voting Lists.** The Corporation shall prepare, as of the record date fixed for a meeting of stockholders, an alphabetical list of all stockholders entitled to vote at the meeting (or any adjournment thereof). The list shall be available for inspection by any stockholder beginning two (2) business days after notice of the meeting is given, during regular business hours at the Corporation's principal office or another place identified in the meeting notice in the city where the meeting will be held. The list shall be produced and kept open at the time and place of the meeting and shall be subject to the inspection of any stockholder during the whole time of the meeting (or any adjournment thereof). If any stockholders are participating in the meeting by remote communication, the list shall be open to examination by the stockholders for the duration of the meeting on a reasonably accessible electronic network, and the information required to access the list shall be provided to stockholders with the notice of the meeting.

**Section 2.8. Quorum of Stockholders.** At each meeting of stockholders for the transaction of any business, a quorum must be present to organize such meeting. The presence in person, by means of remote communication, or by proxy of a majority of the voting power constitutes a quorum for the transaction of business at a meeting of stockholders, except as otherwise required by the Articles of Incorporation, these Bylaws, or Chapter 78 of the Nevada Revised Statutes (the "**Nevada Corporations Act**"). If any class or series of shares is permitted or required to vote separately on any action, the presence in person, by means of remote communication, or by proxy of a majority of the voting power of such class or series constitutes a quorum for the transaction of business. The holders of a majority of the voting power represented in person, by means of remote communication, or by proxy at a meeting, even if less than a quorum, may adjourn or postpone the meeting from time to time.

**Section 2.9. Conduct of Meetings.** The Board of Directors, as it shall deem appropriate, may adopt by resolution rules and regulations for the conduct of meetings of the stockholders. At every meeting of the stockholders, the Chief Executive Officer, or in the Chief Executive Officer's absence or inability to act, a director or officer designated by the Board of Directors, shall serve as chair of the meeting. The Secretary or, in the Secretary's absence or inability to act, the person whom the chair of the meeting shall appoint, shall act as secretary of the meeting and keep the minutes thereof. The chair of the meeting shall determine the order of business and, in the absence of a rule adopted by the Board of Directors, shall establish rules for the conduct of the meeting. The chair of the meeting shall announce the close of the polls for each matter voted upon at the meeting, after which no ballots, proxies, votes, changes, or revocations will be accepted. Polls for all matters before the meeting will be deemed to be closed upon final adjournment of the meeting.

**Section 2.10. Voting of Stock.** Each outstanding share of stock, regardless of class or series, shall be entitled to one (1) vote on each matter submitted to a vote at a meeting of stockholders, except as otherwise provided by these Bylaws and to the extent that the Articles of Incorporation or the certificate of designation establishing the class or series of stock provides for more or less than one (1) vote per share or limits or denies voting rights to the holders of the shares of any class or series of stock. Unless a different proportion is required by the Articles of Incorporation, these Bylaws, or the Nevada Corporations Act:

&nbsp;&nbsp;&nbsp;&nbsp;(a) If
a quorum exists, action other than the election of directors is approved if the votes cast in favor of the action exceed the votes cast
against the action.

&nbsp;&nbsp;&nbsp;&nbsp;(b) If
a quorum exists of any class or series of stock that is permitted or required to vote separately on any matter, action is approved by
the class or series if a majority of the voting power of a quorum of that class or series votes in favor of the action.

Stockholders are prohibited from cumulating their votes in any election of directors of the Corporation. Directors are elected by a plurality of the votes cast by the shares entitled to vote in the election at a meeting at which a quorum is present.

**Section 2.11. Voting By Proxy.** A stockholder may vote either in person or by proxy executed in writing by the stockholder or the stockholder's attorney-in-fact. Any copy, communication by electronic transmission, or other reliable written reproduction may be substituted for the stockholder's original written proxy for any purpose for which the original proxy could have been used if such copy, communication by electronic transmission, or other reproduction is a complete reproduction of the entire original written proxy. No proxy shall be valid after six (6) months from the date of its creation unless the proxy specifies its duration, which may not exceed seven (7) years from the date of its creation. A proxy shall be revocable unless the proxy states that the proxy is irrevocable, and the proxy is coupled with an interest sufficient to support an irrevocable power. A properly created proxy or proxies continues in full force and effect until either of the following occurs:

&nbsp;&nbsp;&nbsp;&nbsp;(a) One
of the following is filed with or transmitted to the Secretary of the Corporation or another person or persons appointed by the Corporation
to count the votes of the stockholders and determine the validity of proxies and ballots: (i) another instrument or transmission properly
revoking the proxy; or (ii) a properly created proxy or proxies bearing a later date.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The
stockholder executing the original written proxy revokes the proxy by attending a stockholders' meeting and voting its shares in person,
in which case any votes cast by that stockholder's previously designated proxy or proxies shall be disregarded by the Corporation when
the votes are counted.

**Section 2.12. Action By Stockholders Without a Meeting.** Any action required or permitted by the Nevada Corporations Act to be taken at a meeting of stockholders may be taken without a meeting if, before or after the action, a written consent to the action is signed by stockholders holding a majority of the voting power of the Corporation or, if different, the proportion of voting power required to take the action at a meeting of stockholders.

**ARTICLE III<br> DIRECTORS**

**Section 3.1. Powers.** The business and affairs of the Corporation shall be managed under the direction of the Board of Directors. Directors must be natural persons at least 18 years of age and need not be stockholders of the Corporation.

**Section 3.2. Number of Directors.** The number of directors shall be at least one (1) or more members, provided that the number may be increased or decreased as permitted by applicable law from time to time by an amendment to these Bylaws. No decrease in the number of directors shall have the effect of shortening the term of any incumbent director.

**Section 3.3. Term of Office.** At the first annual meeting of stockholders and at each annual meeting thereafter, the holders of shares of stock entitled to vote in the election of directors shall elect directors to hold office until the next succeeding annual meeting or until the director's earlier death, resignation, disqualification, or removal. Despite the expiration of a director's term, the director shall continue to serve until the director's successor is elected and qualified.

**Section 3.4. Removal.** Any or all of the directors, or a class of directors, may be removed at any time, with or without cause, at a special meeting of stockholders called for that purpose by a vote of the holders of two-thirds of the voting power of the issued and outstanding stock entitled to vote.

**Section 3.5. Resignation.** A director may resign at any time by giving written notice to the Board of Directors, its chair, or to the Secretary of the Corporation. A resignation is effective when the notice is given unless a later effective date is stated in the notice. Acceptance of the resignation shall not be required to make the resignation effective. The pending vacancy may be filled before the effective date, but the successor shall not take office until the effective date.

**Section 3.6. Vacancies.** Unless otherwise provided in the Articles of Incorporation, vacancies and newly created directorships, whether resulting from an increase in the size of the Board of Directors or due to the death, resignation, disqualification, or removal of a director or otherwise, may be filled by the affirmative vote of a majority of the remaining directors, even if less than a quorum. A director elected to fill a vacancy shall hold office for the unexpired term of that director's predecessor in office and until that director's successor is duly elected and qualified.

**Section 3.7. Regular Meetings of Directors.** A regular meeting of the newly elected Board of Directors shall be held, without other notice, immediately after and at the place of the annual meeting of stockholders, provided a quorum is present. Other regular meetings of the Board of Directors may be held at such times and places, within or without the State of Nevada, as the Board of Directors may determine.

**Section 3.8. Special Meetings of Directors.** Special meetings of the Board of Directors may be called by the entire Board of Directors, any two directors, or the Chief Executive Officer.

**Section 3.9. Participation By Electronic Communication.** Directors not physically present at a meeting of the Board of Directors may participate in the meeting by electronic communication, videoconference, teleconference, or other available technology if the Corporation implements reasonable measures to:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Verify
the identity of each director participating by electronic communication; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Provide
the directors a reasonable opportunity to participate and vote, including an opportunity to communicate and read or hear the proceedings
in a substantially concurrent manner. Directors participating by electronic communication shall be considered present in person at the
meeting.

**Section 3.10. Notice Of Directors' Meetings.** Regular meetings of the Board of Directors may be held without notice of the date, time, place, or purpose of the meeting. All special meetings of the Board of Directors shall be held upon not less than two (2) days' written notice stating the purpose or purposes of the meeting, and the date, place (if any), and time of the meeting, and the means of any electronic communication by which directors may participate in the meeting. Notice may be given to each director personally, by mail, by electronic transmission if consented to by the director, or by any other means of communication authorized by the director. A director entitled to notice of a meeting may sign a written waiver of notice delivered to the Corporation either before or after the time of the meeting. A director's participation or attendance at a meeting shall constitute a waiver of notice, except where the director attends for the specific purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully called or convened.

**Section 3.11. Quorum and Action By Directors.** A majority of the Board of Directors then in office shall constitute a quorum for the transaction of business. The directors at a meeting for which a quorum is not present may adjourn the meeting until a time and place as may be determined by a vote of the directors present at that meeting.

The act of the directors holding a majority of the voting power of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors, unless the act requires approval by a greater proportion under the Articles of Incorporation or these Bylaws.

**Section 3.12. Action By Directors Without Meeting.** Any action required or permitted by the Nevada Corporations Act to be taken at a meeting of the Board of Directors or any committee thereof may be taken without a meeting if, before or after the action, all of the members of the Board of Directors or committee sign a written consent describing the action and deliver it to the Corporation.

**Section 3.13. Committees of The Board of Directors.** The Board of Directors, by resolution adopted by a majority of the directors, may establish one (1) or more committees, each consisting of one (1) or more directors, to exercise the authority of the Board of Directors to the extent provided in the resolution establishing the committee and allowed under the Nevada Corporations Act. The designation of a committee of the Board of Directors and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any member thereof, of any responsibility imposed by law.

**ARTICLE IV<br> OFFICERS**

**Section 4.1. Positions and Election.** The officers of the Corporation shall be elected by the Board of Directors and shall be a Chief Executive Officer, President, a Secretary, a Treasurer, and any other officers, including assistant officers and agents, as may be deemed necessary by the Board of Directors. Any two or more offices may be held by the same person. Each officer shall hold office until such officer's successor is elected and qualified or until the earlier death, resignation, disqualification, or removal of that officer. Vacancies or new offices shall be filled at the next regular or special meeting of the Board of Directors. Election or appointment of an officer or agent shall not of itself create contract rights.

**Section 4.2. Removal and Resignation.** Any officer elected by the Board of Directors may be removed, with or without cause, at any regular or special meeting of the Board of Directors by the affirmative vote of the majority of the directors in attendance where a quorum is present. Removal shall be without prejudice to the contract rights, if any, of the officer so removed. Any officer may resign at any time by delivering written notice to the Secretary of the Corporation. Resignation is effective when the notice is delivered unless the notice provides a later effective date. Any vacancies may be filled in accordance with Section 4.1 of these Bylaws. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Should any vacancy occur among the officers, the position shall be filled for the unexpired portion of the term by appointment made by the Board of Directors.

**Section 4.3. Chief Executive Officer.** Subject to the oversight of the Board of Directors, the Chief Executive Officer shall have general supervision, direction and control of the business and affairs of the Corporation. The Chief Executive Officer shall preside at all meetings of the stockholders and, in the absence of the chairman of the Board, at all meetings of the Board of Directors. 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 such other powers and duties as may be assigned by the Board of Directors.

**Section 4.4. President.** In the absence or disability of the Chief Executive Officer, the President, subject to the direction of the Board of Directors, shall have active, general supervision and executive management over the business and affairs of the Corporation. The President shall have the general powers and duties usually vested in the office of president of a corporation and such other powers and duties as may be prescribed by the Board of Directors.

**Section 4.5. Vice-Presidents.** powers of the President in the duties as the Board of Directors Each Vice President shall perform the duties and exercise the absence or disability of the President, and shall perform all other or President shall assign.

**Section 4.6. Secretary.** The Secretary shall attend all meetings of the Board of Directors and stockholders, shall record all votes and the minutes of all proceedings, and shall perform like duties for the standing committees when required. The Secretary shall give or cause to be given notice of all meetings of the Board of Directors and stockholders and shall perform all other duties as the Board of Directors or President shall assign. The Secretary shall be the custodian of the records of the Corporation. In the absence of the Secretary, the minutes of all meetings of the Board of Directors and stockholders shall be recorded by the person designated by the President or Board of Directors.

**Section 4.7. Treasurer.** The Treasurer shall be the principal financial officer of the Corporation, shall have the custody of the corporate funds and securities and shall keep full and accurate accounts of receipts and disbursements of the Corporation, shall deposit all moneys and other valuable effects in the name and to the credit of the Corporation in the depositories designated by the Board of Directors, and in general shall perform all the duties incident to the office of Treasurer and such other duties as the Board of Directors or Chief Executive Officer shall assign. The Treasurer shall disburse the funds of the Corporation as may be ordered by the Board of Directors, taking proper vouchers for the disbursements. The Treasurer shall keep and maintain the Corporation's books of account and shall render to the Chief Executive Officer and Board of Directors an account of all transactions as Treasurer and of the financial condition of the Corporation and exhibit the books, records, and accounts to the Chief Executive Officer or Board of Directors at any time.

**Section 4.8**. **Execution Authority.** All contracts of the Corporation shall be executed on behalf of the Corporation by: (a) the Chief Executive Officer, (b) such other officer or employee of the Corporation authorized in writing by the Chief Executive Officer, with such limitations or restrictions on such authority as he or she deems appropriate, or (c) such other person as may be authorized by the Board of Directors, and, if required, the seal of the Corporation shall be thereto affixed and attested by the secretary or an assistant secretary.

**Section 4.9. Duties of Officers May Be Delegated.** In case any officer is absent, or for any other reason that the Board of Directors may deem sufficient, the President or the Board of Directors may delegate for the time being the powers or duties of such officer to any other officer or to any director.

**ARTICLE V<br> INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES, AND AGENTS**

**Section 5.1. Indemnification In Actions By Third Parties.** The Corporation shall, to the extent permitted by the Nevada Corporations Act, indemnify any person who is or was a director, officer, employee, or agent of the Corporation or is or was serving at the Corporation's request as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other entity (each such person, an "**Indemnitee**") against expenses, including attorneys' fees, judgments, fines, and amounts paid in settlement, actually and reasonably incurred by the Indemnitee in connection with any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative, other than a proceeding by or in the right of the Corporation, to which the Indemnitee is, was, or is threatened to be made a party by reason of being an Indemnitee, if the Indemnitee either:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Did
not breach, through intentional misconduct, fraud, or a knowing violation of law, the Indemnitee's fiduciary duties as a director or
officer to act in good faith and in the interests of the Corporation; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Acted
in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation and,
with respect to any criminal action or proceeding, had no reasonable cause to believe the Indemnitee's conduct was unlawful.

**Section 5.2. Indemnification In Actions By or On Behalf of The Corporation.** The Corporation shall, to the extent permitted by the Nevada Corporations Act, indemnify any Indemnitee against expenses, including attorneys' fees and amounts paid in settlement, actually and reasonably incurred by the Indemnitee in connection with any threatened, pending, or completed suit or action by or in the right of the Corporation to which the Indemnitee is, was, or is threatened to be made a party by reason of being an Indemnitee, if the Indemnitee either:

&nbsp;&nbsp;&nbsp;&nbsp;(a) Did
not breach, through intentional misconduct, fraud, or a knowing violation of law, the Indemnitee's fiduciary duties as a director
or officer to act in good faith and in the interests of the Corporation; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) Acted
in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation.

**Section 5.3. Indemnification Against Expenses.** The Corporation shall, to the extent permitted by the Nevada Corporations Act, indemnify any Indemnitee who was successful, on the merits or otherwise, in the defense of any action, suit, proceeding, or claim described in Sections 5.1 and 5.2, against expenses (including reasonable attorneys' fees) actually and reasonably incurred by the Indemnitee in connection with the defense.

**Section 5.4. Non-Exclusivity of Indemnification Rights.** The rights of indemnification set out in this Article V shall be in addition to and not exclusive of any other rights to which any Indemnitee may be entitled under the Articles of Incorporation, Bylaws, any other agreement with the Corporation, any action taken by the directors or stockholders of the Corporation, or otherwise. The indemnification provided under this Article V shall inure to the benefit of the heirs, executors, and administrators of an Indemnitee.

**ARTICLE VI<br> SHARE CERTIFICATES AND TRANSFER**

**Section 6.1. Uncertificated Shares.** The shares of the Corporation shall be uncertificated shares. The Corporation shall, within a reasonable time after the issuance or transfer of uncertificated shares, send to the registered owner of the shares a written notice containing the information required to be set forth or stated on certificates pursuant to the Nevada Corporations Act. Except as otherwise expressly provided by law, the rights and obligations of the holders of uncertificated shares and the rights and obligations of the holders of certificates representing shares of the same class and series shall be identical. No share shall be issued until the consideration therefor, fixed as provided by law, has been fully paid.

**Section 6.2. Transfers of Shares.** Shares of the Corporation shall be transferable in the manner prescribed by law and in these Bylaws. Transfers of shares of the Corporation shall be made on the books of the Corporation only by the holder of record thereof or by such person's attorney lawfully constituted in writing. No transfer of shares shall be valid as against the Corporation for any purpose until it shall have been entered in the stock records of the Corporation by an entry showing from and to whom transferred.

**Section 6.3. Registered Stockholders.** The Corporation may treat the holder of record of any shares issued by the Corporation as the holder in fact thereof, for purposes of voting those shares, receiving distributions thereon or notices in respect thereof, transferring those shares, exercising rights of dissent with respect to those shares, exercising or waiving any preemptive right with respect to those shares, entering into agreements with respect to those shares in accordance with the laws of the State of Nevada, or giving proxies with respect to those shares. Neither the Corporation nor any of its officers, directors, employees, or agents shall be liable for regarding that person as the owner of those shares at that time for those purposes, regardless of whether that person possesses a certificate for those shares and shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express notice thereof, except as otherwise provided by law.

**Section 6.4. Lost, Stolen, or Destroyed Certificates.** The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, stolen, or destroyed upon the making of an affidavit of that fact by the owner of the allegedly lost, stolen, or destroyed certificate. When authorizing the issue of a new certificate or certificates, the Board of Directors, in its discretion and as a condition precedent to the issuance thereof, may require the owner of the allegedly lost, stolen, or destroyed certificate, or the owner's legal representative, to give the Corporation a bond or other security sufficient to indemnify it against any claim that may be made against the Corporation or other obligees with respect to the certificate alleged to have been lost, stolen, or destroyed or the issuance of such new certificate or certificates.

**Section 6.5. Transfer Agents and Registrars.** The Board of Directors may appoint, or authorize any officer or officers to appoint, one or more transfer agents and one or more registrars.

**ARTICLE VII<br> DISTRIBUTIONS**

**Section 7.1. Declaration.** The Board of Directors may authorize, and the Corporation may make, distributions to its stockholders in cash, property (other than shares of the Corporation), or a dividend of shares of the Corporation to the extent permitted by the Articles of Incorporation and the Nevada Corporations Act.

**Section 7.2. Fixing Record Dates for Distributions and Share Dividends.** For the purpose of determining stockholders entitled to receive a distribution by the Corporation (other than a distribution involving a purchase or redemption by the Corporation of any of its own shares) or a share dividend, the Board of Directors may, at the time of declaring the distribution or share dividend, set a date no more than sixty (60) days prior to the date of the distribution or share dividend. If no record date is fixed for such distribution or share dividend, the record date shall be the date on which the resolution of the Board of Directors authorizing the distribution or share dividend is adopted.

**ARTICLE VIII<br> MISCELLANEOUS**

**Section 8.1. Checks, Drafts, Etc.** All checks, drafts, or other instruments for payment of money or notes of the Corporation shall be signed by an officer or officers or any other person or persons as shall be determined from time to time by resolution of the Board of Directors.

**Section 8.2. Fiscal Year.** The fiscal year of the Corporation shall be as determined by the Board of Directors.

**Section 8.3. Conflict With Applicable Law or Articles of Incorporation.** Unless the context requires otherwise, the general provisions, rules of construction, and definitions of the Nevada Corporations Act shall govern the construction of these Bylaws. These Bylaws are adopted subject to any applicable law and the Articles of Incorporation. Whenever these Bylaws may conflict with any applicable law or the Articles of Incorporation, such conflict shall be resolved in favor of such law or the Articles of Incorporation.

**Section 8.4. Invalid Provisions.** If any one or more of the provisions of these Bylaws, or the applicability of any provision to a specific situation, shall be held invalid or unenforceable, the provision shall be modified to the minimum extent necessary to make it or its application valid and enforceable, and the validity and enforceability of all other provisions of these Bylaws and all other applications of any provision shall not be affected thereby.

**ARTICLE IX<br> AMENDMENT OF BYLAWS**

**Section 9.1. Amendments.** Bylaws may be adopted, amended, or repealed by the Board of Directors, except as prohibited by a Bylaw adopted by the stockholders. The stockholders may make additional bylaws and may adopt, amend, or repeal any bylaws whether such bylaws were originally adopted by them or otherwise.

**PLANET RESOURCE RECOVERY, INC.**

**a Nevada corporation**

<br> **CERTIFICATE OF ADOPTION OF BYLAWS**

The undersigned hereby certifies that he is the duly elected, qualified, and acting Secretary of Planet Resource Recovery, Inc., a Nevada corporation (the "**Corporation**"), and that the foregoing bylaws, comprising ten (10) pages, were adopted as the Corporation's bylaws as of May 1, 2022, by the Corporation's Board of Directors on that same date.

IN WITNESS WHEREOF, the undersigned has hereunto set his hand effective as of May 1, 2022.

---

| |
|:---|
| ![(-s- Andrew Lapp)](re010_v1.jpg) |
| Andrew Lapp, Chief Executive Officer |

---

## Ex1A-2A

**Exhibit 2.5**

**ACTION BY WRITTEN CONSENT OF THE**

**STOCKHOLDERS OF**

**PLANET RESOURCE RECOVERY, INC.**

The undersigned, constituting the holders of all outstanding shares of capital stock entitled to vote (the **"Stockholders"')** of Planet Resource Recovery, Inc., a Nevada corporation (the **"Corporation"),** acting pursuant to Section 78.390 of the Nevada Revised Statutes **("NRS")** and the Corporation's bylaws, the Stockholders do hereby consent to, adopt, ratify, confirm, and approve, the following recitals and resolutions, effective March 28, 2023.

**APPROVAL OF THE AMENDED AND RESTATED**

**ARTICLES OF INCORPORATION**

**WHEREAS,** the Board has determined it to be in the best interests of the Corporation and its Stockholders to amend and restate the Articles of the Corporation to change the Corporation's name from Planet Resource Recovery, Inc. to "Recreatives Industries, Inc." as well as the Corporation's symbol from "PRRY" to "RECX" and to effect the reverse stock split by filing an Amended and Restated Articles of Incorporation (the **"Amended and Restated Articles"),** substantially in the form attached hereto as Exhibit A, with the Secretary of State of Nevada and Financial Industry Regulatory Authority **("FINRA");**

**WHEREAS,** the Board has determined it to be in the best interest of the Corporation to effect a 30 for 1 reverse stock split of the current outstanding shares of the Corporation's Common Stock, i.e., 439,547,996, such that the Corporation thereupon will have approximately 14,651,600 shares of Common Stock outstanding (the **"2023 Reverse Stock Split");**

**WHEREAS,** the Board has determined it is in the best interest of the Corporation to round up any fractional shares that result from the 2023 Reverse Stock Split; and

**WHEREAS,** the Board of the Corporation has recommended that the Stockholders of the Corporation approve and adopt the Amended and Restated Articles.

**NOW THEREFORE, BE IT RESOLVED,** that the form, terms and provisions of the Amended and Restated Articles to change the Corporation's name and symbol and to effect the 2023 Reverse Stock Split, hereby is, authorized, adopted and approved in all respects by the Stockholders of the Corporation and that the officers of the Corporation be, and each of them acting jointly or alone hereby is, authorized, empowered and directed, in the name of and on behalf of the Corporation, to execute, deliver and/or cause to be filed the Amended and Restated Articles with Secretary of State of the State of Nevada and FINRA and to perform such other actions that they may deem necessary or appropriate; and

**BE IT RESOLVED FURTHER,** that the 2023 Reverse Stock Split hereby is specifically authorized and approved by the Stockholders.

**APPROVAL OF CERTIFICATE OF AMENDMENT TO DESIGNATION OF**

**THE SERIES A PREFERRED STOCK**

**WHEREAS,** the Board has determined that it is in the best interests of the Corporation to amend the Certificate of Designation, dated as of February 15, 2007 and later amended on November 2, 2009, establishing the Corporation's Series A Preferred Stock (the **"Amendment");**

**WHEREAS,** the Amendment will be effectuated in accordance with NRS Section 78.1955, pursuant to which the Corporation will file a Certificate of Amendment to Designation (the **"Series A Certificate of Amendment'"),** a form of which is attached hereto as <u>Exhibit B</u> and incorporated by reference herein; and

**WHEREAS,** Section 4 of the Certificate of Designation amended November 2, 2009, has been amended to remove the anti-dilution language and now states, "Any holder of the Series A Stock shall be entitled to convert each share of Series A Stock into 3,000 shares of the Corporation's Common Stock" in the Corporation's Articles of Incorporation, as amended and restated.

**NOW, THEREFORE, BE IT RESOLVED,** that the Corporation is hereby authorized and approved to effectuate the Amendment.

**RESOLVED FURTHER,** that the Series A Certificate of Amendment is hereby authorized and approved in all respects.

**RESOLVED FURTHER,** that the officers of the Corporation be, and each of them acting jointly or alone hereby is, authorized, empowered and directed, in the name of and on behalf of the Corporation, to execute, deliver and/or cause the Series A Certificate of Amendment to be filed with the Secretary of State of the State of Nevada and may take such further actions as are necessary or appropriate to implement the Amendment.

**GENERAL RESOLUTIONS**

**BE IT RESOLVED FURTHER,** that any and all actions heretofore taken by any officer of the Corporation in connection with the matters contemplated by the foregoing resolutions be, and they hereby are, approved, ratified and confirmed in all respects as fully as if such actions had been presented to the undersigned for their approval prior to such actions being taken; and

**BE IT RESOLVED FURTHER,** that this written consent may be executed in any number of counterparts, each of which shall be deemed an original of the party or parties who executed such counterpart but all of which together shall constitute one and the same instrument, and that in making proof of this written consent it shall not be necessary to produce or account for more than one counterpart evidencing execution by each party hereto.

[THE SIGNATURE PAGE FOLLOWS]

**IN WITNESS WHEREOF,** the undersigned, being the Stockholders of the Corporation, have executed this written consent, effective as of March 28, 2023.

**STOCKHOLDERS:**

*<u>/s/ Andrew Lapp</u>*

Andrew Lapp Ownership: 31,250,000

*<u>/s/ Gerald Mounger</u>*

Gerald Mounger Ownership: 12,500,000

*<u>/s/ James Stevens</u>*

James Stevens Ownership:

*<u>/s/ Galen Reich</u>*

Galen Reich

Ownership: 7,500,000

Agile Vehicle Technologies Limited

*<u>/s/ Stuart Sowray</u>*

Stuart Sowray Ownership: 57,500,000

Signature Page to the Stockholders' Action by Written Consent to Amend and Restate the Articles of the Incorporation, 2023 Reverse Stock Split, and Amendment to Series A Preferred Stock

<u>**EXHIBIT A**</u>

**AMENDED AND RESTATED ARTICLES OF INCORPORATION**

**AMENDED AND RESTATED**

**ARTICLES OF INCORPORATION**

**OF**

**PLANET RESOURCE RECOVERY, INC.,**

a Nevada corporation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The name of the corporation is Planet Resource Recovery, Inc. (the **"Corporation")** which has a vast company naming history since its incorporation. The Corporation was incorporated by filing its original articles
of incorporation with the Secretary of State of Nevada **("SOS of Nevada")** on September 19, 1996, under the name "Biotherapeutics
Corporation." Then the Corporation amended its articles to change its name on January 17, 1997, to "Granite Development Corporation."
Then the Corporation amended its name on April 5, 1997, to "Technology Logistics Systems, Inc." Later the Corporation amended
its articles to change its name to "Interactive Business Development, Inc." on December 16, 2005. On May 25, 2006, the Corporation
amended its articles to change the name to "Anchor Technologies, Inc." The Corporation amended its articles to change its
name to "American Biodiesel Fuels Corp" on September 7, 2007. Due to a merger the Corporation amended its articles to change
its name from "American Biodiesel Fuel Corp" to "Planet Resource Recovery, Inc." on February 15, 2007. Now the
Corporation is amending its articles of incorporation to change its name from "Planet Resource Recovery, Inc." to "Recreatives
Industries, Inc."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The Amended and Restated Articles of Incorporation **("Amended Articles")** reads as follows:

**ARTICLE I**

The name of the Corporation is Recreatives Industries, Inc.

**ARTICLE II**

The Corporation may engage in any lawful activity.

**ARTICLE III**

<u>Classes of Stock.</u> The total number of shares that the Corporation is authorized to issue is 1,460,000,000 shares of common stock, par value $0.001 per share (the **"Common Stock");** and 100,000 shares of preferred stock, par value $0.001 per share (the **"Preferred Stock").** 100,000 shares of the Corporation's Preferred Stock is designated as "Series A Preferred Stock."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Common Stock.</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Dividend and Liquidation Rights.</u> The dividend and liquidation rights of the
holders of the Common Stock shall be subject to and qualified by the rights, powers, and preferences of the holders of the Preferred Stock,
as determined by the Board of Directors pursuant to Article III Section 2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Voting Rights.</u> Each holder of one share of Common Stock shall have the right to one (1) vote
for each such share. The holders of shares of Common Stock shall be entitled to notice of any stockholders' meeting in accordance with
the Bylaws of the Corporation and shall be entitled to vote upon such matters and in such manner as may be provided by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>2023 Reverse Stock Split.</u> Effective as of the date of approval by FINRA,
the Corporation's shares of common stock issued and outstanding shall be subject to a 30 for 1 reverse stock split **("2023 Reverse Stock Split").** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Preferred Stock.</u> The Board of Directors is hereby expressly authorized to provide, out of the unissued shares of Preferred Stock, for one or more series of Preferred Stock and, with respect to each such series, to fix the number of shares constituting such series and the designation of such series, the voting powers, if any, of the shares of such series, and the preferences and relative, participating, optional, or other special rights, if any, and any qualifications, limitations, or restrictions thereof, of the shares of such series. The powers, preferences and relative, participating, optional, and other special rights of each series of Preferred Stock, and the qualifications, limitations, or restrictions thereof, if any, may differ from those of all other series at any time outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Series A Preferred Stock (the **"Series A Stock"**) **.**</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;i. <u>Conversion.</u> Any holder of the Series A Stock shall be entitled to convert each share of Series A Stock into 3,000 shares of the Corporation's Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. <u>Liquidation and Dividends.</u> The Series A Stock, notwithstanding the prior preferences, if any, granted to any other class or series of stock before or after the issue date will entitle the holder of record to dividends as approved by the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&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>Voting Rights.</u> The holders of the Series A Stock issued and outstanding, except as otherwise provided by law shall have and possess the right to notice of stockholders' meetings and the right to vote on the election of directors or any other matter together with holders of all other classes of voting stock of the Corporation based on three thousand (3,000) votes for each share of Series A Stock owned.

&nbsp;&nbsp;&nbsp;&nbsp;&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. <u>Exclusion of Other Rights.</u> Except otherwise required by law, the shares of Series A Stock shall not have any preferences or relative, participating, optional or other special rights, other than those specifically set forth in these Amended Articles of the Corporation. The shares of Series A Stock shall have no preemptive or subscription rights.

&nbsp;&nbsp;&nbsp;&nbsp;&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. <u>Protective Provisions.</u> So long as any of the Series A Stock shall be outstanding, the Corporation shall not without first obtaining the approval (by vote or written consent, as provided by law) of the holders of at least two-thirds of the total number of shares of Series A Stock outstanding:

&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. <u>No Alteration of Rights.</u> Alter or change the rights, preferences, or privileges
of the Series A Stock to adversely affect in any manner the Series A Stock; 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;2. <u>No Change in Authorized Shares.</u> Increase the authorized number of Series
A Stock; 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;3. <u>Creation of New Class of Capital Stock.</u> Create any new class of shares having
preferences over or being on a parity with the Series A Stock as to dividends or assets, unless the purpose of creation of such class
is, and the proceeds to be derived &om the sale and issuance thereof are to be used for, the retirement of all Series A Stock then
outstanding; 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;4. <u>Repurchase of Capital Stock.</u> Repurchase any of the Corporation's Common Stock;
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;5. <u>Disposition of Assets.</u> Sell, convey, or otherwise dispose of, or create or
incur any mortgage, lien, charge or encumbrance on or security interest in or pledge of or sell and leaseback, or substantially all the
property or business 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;ii. <u>Status of Reacquired Series A Stock.</u> Shares of Series A Stock which have been issued and reacquired in any manner shall (upon compliance with any applicable provisions of the State of Nevada) have the status of authorized and unissued shares of Preferred Stock issuable in a series undesignated and may be redesignated and reissued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>No other Series of Preferred Stock.</u> There are no shares of any other Series
of Preferred Stock authorized. This Amendment supersedes all prior certificates of designation for any other class of Preferred Stock,
Series B or otherwise.

**ARTICLE IV**

The governing board of the Corporation shall be styled as a **"Board of Directors,"** and any member of such Board of Directors shall be styled as a director. The number of directors of the Corporation may be fixed and increased or decreased in the manner provided in the Bylaws of the Corporation, provided that the number of directors shall never be less than one. Vacancies and newly created directorships, whether resulting &om an increase in the size of the Board of Directors or due to the death, resignation, disqualification, or removal of a director or otherwise, may be filled by the affirmative vote of a majority of the remaining directors, even if less than a quorum. A director elected to fill a vacancy shall hold office for the unexpired term of that director's predecessor in office and until that director's successor is duly elected and qualified shall be governed by the terms of these Amended Articles of Incorporation or the resolution or resolutions adopted by the Board of Directors.

**ARTICLE V**

The personal liability of the directors and officers of the Corporation hereby is eliminated to the fullest extent permitted by Nevada Revised Statutes, Chapter 78, as the same exists or hereafter may be amended. No director or officer of the Corporation will be liable to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, excepting only (i) acts or omissions that involve intentional misconduct, fraud, or a knowing violation of law or (it) the payment of dividends in violation of Nevada Revised Statutes Section 78.300. No amendment, modification or repeal of this Article V shall apply to or have any effect on the liability or alleged liability of any director or officer of the Corporation for or with respect to any act or omission of such director or officer having occurred before such amendment, modification, or repeal, except as otherwise required by law.

**ARTICLE VI**

The Corporation shall, to the fullest extent permitted by the laws of the State of Nevada, as the same exist or hereafter may be amended (but in the case of such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights than such laws permitted the Corporation to provide before such amendment), indemnify and hold harmless each person who was or is a party or is threatened to be made a party to or is involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (a **"Proceeding"),** by reason of the fact that such person or a person for whom such person is the legal representative is or was a director or officer of the Corporation or is or was serving at the request of the Corporation as a director, officer, manager or trustee of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, including service with respect to employee benefit plans, whether the basis of such Proceeding is alleged action or inaction in an official capacity or in any other capacity while serving as a director or officer of the Corporation or at the request of the Corporation as a director, officer, manager or trustee of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, against and from all costs, charges, expenses, liabilities and losses including attorneys' fees, judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid in settlement and amounts expended in seeking indemnification granted to such person under applicable law, this Article VI or any agreement with the Corporation) reasonably incurred or suffered by such person in connection therewith. The Corporation may, by action of the Board of Directors or through the adoption of Bylaws, provide indemnification to employees and agents of the Corporation, and to persons who are serving or did serve at the request of the Corporation as an employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, with the same scope and effect as provided to the directors and officers of the Corporation pursuant to the foregoing provisions of this Article VI.

The indemnification provided for herein shall not be deemed exclusive of any other right to which a person indemnified may be entitled under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, both as to actions of such person in such person's official capacity and as to actions of such person in another capacity while holding such office. The Corporation shall have power to 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, manager, trustee, employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, against any liability asserted against 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 Nevada Revised Statutes, Chapter 78. The expenses of any director or officer, current or past, incurred in defending a civil or criminal action, suit or proceeding shall be paid by the Corporation as incurred and in advance of the final disposition of such action, suit or proceeding upon the Corporation's receipt of an undertaking by or on behalf of such current or past director or officer to repay the Corporation for all of such expenses if it ultimately is determined by a court of competent jurisdiction that such current or past director or officer is not entitled to be indemnified by the Corporation. The indemnification provided for herein shall continue as to a person who has ceased to be a director, officer, employee or agent of the Corporation, or who has ceased to serve at the request of the Corporation as a director, officer, manager, trustee, employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, and shall inure to the benefit of such person's heirs, executors and administrators. No amendment, modification or repeal of this Article VI applies to or has any effect on any right or protection of any director, officer, employee or agent of the Corporation, or any person who is or was serving at the request of the Corporation as a director, officer, manager, trustee, employee or agent of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise, existing at the time of such amendment, modification or repeal.

**ARTICLE VII**

In furtherance and not in limitation of the rights, powers, privileges and discretionary authority granted or conferred by Nevada Revised Statutes, Chapter 78 or other statutes or laws of the State of Nevada, the Board of Directors is expressly authorized: (i) to make, adopt, amend, alter or repeal the Bylaws of the Corporation, except as and to the extent otherwise provided in such Bylaws; (u) from time to time to adopt bylaw provisions with respect to indemnification of directors, officers, employees, agents and other persons as the Board of Directors deems expedient and in the best interests of the Corporation and to the extent permitted by law; and (iii) to fix and determine designations, preferences, privileges, rights and powers, and relative, participating, optional or other special rights, qualifications, limitations or restrictions, on the capital stock of the Corporation as provided by Nevada Revised Statutes Section 78.195, unless otherwise provided herein.

**ARTICLE VIII**

The Corporation reserves the right to amend, alter, change or repeal any provision contained in these Amended 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.

**<u>EXHIBIT B</u>**

**CERTIFICATE OF AMENDMENT TO DESIGNATION OF**

**THE SERIES A PREFERRED STOCK**

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| | |
|:---|:---|
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**FRANCISCO V. AGUILAR** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Secretary of State** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**202 North Carson Street** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Carson City, Nevada 89701-4201** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**(775) 684-5708** |
| ![(SEAL)](re001_v1.jpg) | &nbsp;&nbsp;**Website: www.nvsos.gov** |
| ![(SEAL)](re001_v1.jpg) |  |

---

**<u>Certificate, Amendment or Withdrawal of Designation</u>** <br> **NRS 78.1955, 78.1955(6)** <br> □**Certificate of Designation** <br> □**Certificate of Amendment to Designation - Before Issuance of Class or Series** <br> ⌧ **Certificate of Amendment to Designation - After Issuance of Class or Series** <br> □**Certificate of Withdrawal of Certificate of Designation**<br>

**TYPE OR PRINT - USE DARK INK ONLY - DO NOT HIGHLIGHT** 

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| | | |
|:---|:---|:---|
| **1. Entity information:** | Name of entity: | Name of entity: |
|  | Planet Resource Recovery, Inc. | Planet Resource Recovery, Inc. |
|  | (): | &nbsp;&nbsp;&nbsp;NV19961195353 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **2. Effective date and time:** | (): | Date: | | &nbsp;&nbsp;&nbsp;Time: |
|  | (): |  | (must not be later than 90 days after the certificate is filed) | (must not be later than 90 days after the certificate is filed) |

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| | |
|:---|:---|
| **3. Class or series of stock:** (Certificate of Designation only) | The class or series of stock within this filing: |
| **3. Class or series of stock:** (Certificate of Designation only) | |

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| | |
|:---|:---|
| **4. Information for amendment of class or series of stock:** | The original class or series of stock being amended within this filing: |
| **4. Information for amendment of class or series of stock:** | |
| **5. Amendment of class or series of stock:** | □ Certificate of Amendment to Designation- Before Issuance of Class or Series |
| **5. Amendment of class or series of stock:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the date of this certificate no shares of the class or series of stock have been issued. |
| **5. Amendment of class or series of stock:** | ⌧ Certificate of Amendment to Designation- After Issuance of Class or Series |
| **5. Amendment of class or series of stock:** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amendment has been approved by the vote of stockholders holding shares in the corporation entitling them to exercise a majority of the voting power, or such greater proportion of the voting power as may be required by the articles of incorporation or the certificate of designation. |

---

---

| | |
|:---|:---|
| **6. Resolution:** (Certificate of Designation and Amendment to Designation only) | By resolution of the board of directors pursuant to a provision in the articles of incorporation this certificate establishes OR amends the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock.\* |
|  | Any holder of the Series A Stock shall be entitled to convert each share of Series A Stock into 3,000 shares of the Corporation's Common Stock |

---

---

| | | |
|:---|:---|:---|
| **7. Withdrawal:** | : | Date of: |
|  | No shares of the class or series of stock being withdrawn are outstanding. | No shares of the class or series of stock being withdrawn are outstanding. |
|  | The resolution of the board of directors authorizing the withdrawal of the certificate of designation establishing the class or series of stock: \* | The resolution of the board of directors authorizing the withdrawal of the certificate of designation establishing the class or series of stock: \* |

---

---

| | | | |
|:---|:---|:---|:---|
| **8. Signature:** (Required) | X | Date: | **03/28/2023** |

---

\* Attach additional page(s) if necessary Page 1 of 1 <br> This form must be accompanied by appropriate fees. Revised: 12/15/2022

**OFFICER'S CERTIFICATE**

**Amended and Restated Certificate of Incorporation**

**Of**

**Planet Resource Recovery, Inc.**

I, Andrew Lapp an the Chief Executive Officer of Planet Resource Recovery, Inc., a Nevada corporation (the "Company"). On March 27, 2023, the shareholders approved the Amended and Restated Certificate of Incorporation to include the name change from Planet Resource Recovery, Inc. to Recreatives Industries, Inc. and approved the 30:1 reverse split. Attached hereto are the true and correct copies of the Shareholder's approval.

---

| |
|:---|
| &nbsp;&nbsp;Signed, this 11<sup>th</sup> day of April 2023. |
| &nbsp;&nbsp;![](re023_v1.jpg) |
| &nbsp;&nbsp;Andrew Lapp |
| &nbsp;&nbsp;![](re025_v1.jpg) |
| &nbsp;&nbsp; ![](image_001.gif) |

---

**ACTION WRITTEN CONSENT OF THE**

**BOARD OF DIRECTORS OF**

**PLANET RESOURCE RECOVERY, INC.**

The undersigned, being the entire Board of Directors (the **"Board"**) of Planet Resource Recovery, Inc. a Nevada corporation (the **"Corporation"**) pursuant to the Nevada Revised Statues (**"NRS"**), and the authority granted in the bylaws of the Corporation (the **"Bylaws")** do hereby consent to, adopt, ratify, confirm and approve, the following recitals and resolutions effective as of March 27, 2023.

**APPROVAL OF THE AMENDED AND RESTATED**

**ARTICLES OF INCORPORATION**

**WHEREAS,** the Board deems it to be in the best interests of the Corporation and its stockholders to change the Corporation's name from Planet Resource Recovery, Inc. to Recreatives Industries, Inc." as well as the Corporation's symbol from "PRRY"' to "RECX" and to effect the reverse stock split by amending and restating the Corporation's Articles of Incorporation (the "**Amended and Restated Articles**") by filing the Amended and Restated Articles, substantially in the form attached hereto as <u>Exhibit A,</u> with the Secretary of State of Nevada and Financial Industry Regulatory Authority (**"FINRA"**);

**WHEREAS,** the Board deems it to be in the best interest of the Corporation to effect a 30 for 1 reverse stock split of the current outstanding shares of the Corporation's Common Stock, i.e., 439,547,996, such that the Corporation thereupon will have approximately 14,651,600 shares of Common Stock outstanding (the **"2023 Reverse Stock Split");**

**WHEREAS**, the Board deems it to be the best interest of the Corporation to round up any fractional shares that result from the 2023 Reverse Stock Split;

**WHEREAS,** the Board deems it to be in the best interest of the Corporation to include in Article III Section 1 subsection (c) of the Amended and Restated Articles, "Effective as of the date of approval by FINRA, the Corporation's shares of common stock issued and outstanding shall be subject to a 30 for 1 reverse stock split" substantially in the form attached hereto as <u>Exhibit A;</u>

**WHEREAS,** the 2023 Reverse Stock Split will be effective upon the effective date of the filing of the Amended and Restated Articles with Secretary of State of Nevada and FINRA; and

**WHEREAS,** the Board has authorized and directed the officers of the Corporation to solicit the requisite stockholder approval of the Amended and Restated Articles pursuant to Section 78.320 of the NRS.

**NOW, THEREFORE, BE IT RESOLVED,** that the form, terms and provisions of the Amended and Restated Article to change the Corporation's name and symbol and to effect the 2023 Reverse Stock Split, hereby is, authorized, adopted and approved in all respects and that the officers of the Corporation be, and each of them acting jointly or alone hereby is, authorized, empowered and directed, in the name of and on behalf of the Corporation, to execute, deliver and/or cause to be filed the Amended and Restated Articles with Secretary of State of the State of Nevada and FINRA and to perform such other actions that they may deem necessary or appropriate;

**BE IT RESOLVED, FURTHER,** that in lieu of a Meeting of Stockholders to consider and vote upon the Amended and Restated Articles, the Board will obtain the written consent of stockholders owning more than the requisite percentage ownership to ratify the actions of the Board and approve the Amended and Restated Articles, as provided by the NRS; and

**BE IT RESOLVED, FURTHER,** that the 2023 Reverse Stock Split hereby is specifically authorized and approved.

**APPROVAL OF AMENDMENT TO DESIGNATION OF**

**SERIES A PREFERRED STOCK**

**WHEREAS,** the Board has determined that it is in the best interests of the Corporation to amend the Certificate of Designation, dated as of February 15, 2007, and later amended on November 2, 2009, establishing the Corporation's Serles A Preferred Stock (the **"Amendment"**);

**WHEREAS,** the Amendment will be effectuated in accordance with NRS Section 78.1955, pursuant to which the Corporation will file a Certificate of Amendment to Designation (the **"Series A Certificate of Amendment"),** a form of which is attached hereto as <u>Exhibit B</u> and incorporated by reference herein;

**WHEREAS,** Section 4 of the Certificate of Designation amended November 2, 2009, has been amended to remove the anti-dilution language and now states, "Any holder of the Series A Stock shall be entitled to convert each share of Series A Stock into 3,000 shares of the Corporation's Common Stock" in the Corporation's Articles of Incorporation, as amended and restated; and

**WHEREAS,** the Board has authorized and directed the officers of the Corporation to solicit the requisite stockholder approval of the Series A Certificate of Amendment pursuant to the NRS.

**NOW, THEREFORE, BE IT RESOLVED,** that the Corporation is hereby authorized and approved to effectuate the Amendment;

**RESOLVED FURTHER,** that the Series A Certificate of Amendment is hereby authorized and approved in all respects;

**BE IT RESOLVED, FURTHER,** that in lieu of a Meeting of Stockholders of Series A Preferred Stock to consider and vote upon the Series A Certificate of Amendment. the Board will obtain the written consent of stockholders owning shares of the Series A Preferred Stock to ratify the actions of the Board and approve the Amendment, as provided by the NRS; and

**RESOLVED FURTHER,** that the officers of the Corporation be, and each of them acting jointly or alone hereby is, authorized, empowered and directed, in the name of and on behalf of the Corporation, to execute, deliver and/or cause the Series A Certificate of Amendment to be filed with the Secretary of State of the State of Nevada and may take such further actions as are necessary or appropriate to implement the Amendment.

**APPROVAL OF WITHDRAWAL OF SERIES B PREFERRED STOCK**

**WHEREAS,** the Board has determined that it is in the best interests of the Corporation to withdraw the Certificate of Designation, dated as of January 12, 2010, establishing the Corporation's Series B Preferred Stock (the **"Withdrawal");**

**WHEREAS,** the Withdrawal will be effectuated in accordance with NRS Section 78.1955, pursuant to which the Corporation will file a Certificate of Withdrawal (the **"Series B Certificate of Withdrawal"**)**,** a form of which is attached hereto as <u>Exhibit C</u> and incorporated by reference herein, which states that no shares of the Series B Preferred Stock ate outstanding and which contains the resolution of the Board authorizing the withdrawal of the Certificate of Designation establishing the Corporation's Series B Preferred Stock.

**NOW, THEREFORE, BE IT RESOLVED,** that the Corporation is hereby authorized and approved to effectuate the Withdrawal.

**RESOLVED FURTHER,** that the Series B Certificate of Withdrawal is hereby authorized and approved in all respects.

**RESOLVED FURTHER,** that the officers of the Corporation be, and each of them acting jointly or alone hereby is, authorized, empowered and directed, in the name of and on behalf of the Corporation, to execute, deliver and/or cause the Series B Certificate of Withdrawal to be filed with the Secretary of State of the State of Nevada and may take such further actions as are necessary or appropriate to implement the Withdrawal.

**GENERAL RESOLUTIONS**

**NOW THEREFORE, BE IT RESOLVED,** that any and all actions heretofore taken by any officer of die Corporation in connection with the matters contemplated by the foregoing resolutions be, and they hereby are, approved, ratified and confirmed in all respects as fully as if such actions had been presented to the undersigned for their approval prior to such actions being taken; and

**BE IT RESOLVED FURTHER,** that this written consent may be executed in any number of counterparts, each of which shall be deemed an original of the party or parties who executed such counterpart but all of which together shall constitute one and the same instrument, and that in making proof of this unanimous written consent it shall not be necessary to produce or account for more than one counterpart evidencing execution by each patty hereto.

**IN WITNESS WHEBEOF,** the undersigned, being all the directors of the Corporation, have executed this written consent of the Board, effective as of March 27, 2023.

**DIRECTORS:**

---

| |
|:---|
| ![](re023_v1.jpg) |
| Andrew Lapp |
| ![](re024_v1.jpg) |
| Gerald Mounger |
| ![](re025_v1.jpg) |
| ![](image_001.gif) |

---

**Signature Page to the Board's Action by Written Consent to Amend and Restate the Articles of the Incorporation, 2023 Reverse Stock Split, Amendment to Series A Preferred Stock, and Withdrawal of Series B Preferred Stock**

## Ex1A-4

**Exhibit 4.1**

**FORM OF SUBSCRIPTION AGREEMENT<br> Common Stock**

of

**RECREATIVES INDUSTRIES, INC.**<br> (a Nevada corporation)

**The securities offered hereby have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of the offering circular. Any representation to the contrary is a criminal offense.**

**This subscription agreement and the offering of the shares of common stock described herein are made pursuant to an offering statement on form 1-A filed with, and qualified by, the U.S. Securities and Exchange Commission under regulation A of the Securities Act of 1933, as amended.**

**The company is relying on the representations, warranties and information provided by each subscriber in this subscription agreement to determine the subscriber's eligibility to purchase the shares offered hereby, including, without limitation, the investment limitations applicable to non-accredited investors under Rule 251(d)(2)(i)(C) of regulation A.**

**1. Subscription**

The undersigned (the "**Subscriber**") hereby irrevocably subscribes to purchase from Recreatives Industries, Inc., a Nevada corporation (the "**Company**"), the number of shares (the "**Shares**") of the Company's common stock, $0.0001 par value per share (the "Common Stock"), set forth on the signature page hereto, at the per-share purchase price set forth on the signature page hereto (the "**Purchase Price**"), for an aggregate purchase price equal to the number of Shares multiplied by the Purchase Price (the "**Subscription Amount**"), subject to the terms, conditions, acknowledgements, representations and warranties stated herein and in the offering circular dated May 14, 2026 (as the same may be amended or supplemented from time to time, the "**Offering Circular**") forming part of the Company's offering statement on Form 1-A (the "Offering Statement"), qualified by the U.S. Securities and Exchange Commission (the "**Commission**") under Regulation A of the Securities Act of 1933, as amended (the "**Securities Act**"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Offering Circular.

The Company is offering up to Two Million Five Hundred Thousand Dollars ($2,500,000) in Shares at a per-Share Purchase Price within a range of $0.01 to $0.05, as set forth in the Offering Circular, resulting in a maximum number of Shares to be offered and sold by the Company of not less than 50,000,000 (at the high end of the price range) and not more than 250,000,000 (at the low end of the price range). The minimum Subscription Amount per investor is Two Thousand Five Hundred Dollars ($2,500), provided that the Company may, in its sole and absolute discretion, accept subscriptions for lesser amounts. The offering has no minimum offering amount; accordingly, Subscription Amounts received and accepted will be made immediately available to the Company and no escrow or impound arrangement will be used.

**2. Payment and Delivery**

Subscriber shall deliver to the Company (a) a completed, executed copy of this Subscription Agreement, including the Investor Suitability Questionnaire attached as **Schedule A**, and (b) full payment of the Subscription Amount in immediately available U.S. funds, by wire transfer (preferred), Automated Clearing House (ACH) transfer, or check made payable to "Recreatives Industries, Inc.," to the operating account of the Company maintained at the depository institution identified below (the "**Company Account**"):

**Wire / ACH / Check Payment Instructions:**

---

| | |
|:---|:---|
| **Beneficiary / Account Name:** Recreatives Industries, Inc. | **Beneficiary Address:** 1936 59th Terrace East, Bradenton, FL 34203 |
| **Bank Name:** | **Bank Address:** |
| **ABA / Routing Number:** | **SWIFT Code (if international):** |
| **Account Number:** | **Reference:** RECX Reg A Subscription – [Subscriber Name] |
| **Checks Payable To:** Recreatives Industries, Inc. | **Memo Line:** RECX Reg A Subscription – [Subscriber Name] |

---

All executed subscription documents and copies of wire confirmations or check payments shall be returned to:

---

| | |
|:---|:---|
| **Attention:** Subscription Administrator – RECX Regulation A Offering | **c/o:** Quantum Edge Group |
| **Mailing Address:** | **City, State, ZIP:** |
| **Email:** ______@quantum-.com | **Telephone:** |

---

Subscriber acknowledges and agrees that subscription documents and payment of the Subscription Amount must be received together. The Company reserves the right, in its sole and absolute discretion, to accept or reject any subscription, in whole or in part, for any reason, and the Subscription Amount shall not be deemed accepted unless and until the Company countersigns this Subscription Agreement. If a subscription is rejected, in whole or in part, the Subscription Amount (or the rejected portion thereof) will be returned to Subscriber without interest or deduction.

**3. Closing; Issuance of Shares**

Closings will occur on a rolling basis as subscriptions are received and accepted by the Company. Upon acceptance of this Subscription Agreement by the Company, the Company will issue to Subscriber the Shares being subscribed for, in book-entry form through the Company's transfer agent, and provide Subscriber a written confirmation of acceptance.

**4. Representations, Warranties and Acknowledgements of Subscriber**

Subscriber represents, warrants, acknowledges and agrees, intending the Company to rely thereon, that:

**(a)** Receipt
and Review of Offering Materials. Subscriber has received, carefully read, and fully understands this Subscription Agreement, the Offering
Circular (including all risk factors described therein), and the Offering Statement, and has had an opportunity to ask questions of,
and receive answers from, the Company concerning the Offering and the Company, and to obtain any additional information that the Company
possesses or can acquire without unreasonable effort or expense. Subscriber is relying solely upon the Offering Circular and the Offering
Statement and not upon any other representations, written or oral, made by the Company or any of its officers, directors, employees,
agents or affiliates.

**(b)** Risk
of Loss. Subscriber understands that an investment in the Shares involves a high degree of risk, including the risk of the loss of Subscriber's
entire investment, and Subscriber is able to bear the economic risk of such loss for an indefinite period of time.

**(c)** No
Guarantee. No federal or state agency has made any finding or determination as to the fairness of the investment or any recommendation
or endorsement of the Shares.

**(d)** Own
Account. Subscriber is acquiring the Shares for Subscriber's own account, for investment purposes only, and not with a view to,
or for resale in connection with, any distribution thereof in violation of the Securities Act or any applicable state securities laws.

**(e)** Eligibility — Regulation A Investment Limits. Subscriber understands
that the Shares are being offered in a Tier 2 offering under Regulation A promulgated under the Securities Act of 1933, as amended (the
"Securities Act"). In accordance with Rule 251(d)(2) of Regulation A, if Subscriber is not an "accredited investor"
within the meaning of Rule 501(a) of Regulation D under the Securities Act, the aggregate purchase price paid by Subscriber for the Shares
(together with the aggregate purchase price of any other securities of the Company purchased by Subscriber in this offering and in any
other Tier 2 offerings of the Company during the preceding 12 months) may not exceed ten percent (10%) of the greater of: (i) Subscriber's
annual income or net worth, if Subscriber is a natural person, or (ii) Subscriber's annual revenue or net assets at the most recently
completed fiscal year end, if Subscriber is a non-natural person. Subscriber further understands that this limitation does not apply if
Subscriber is an accredited investor. Subscriber has truthfully completed the Investor Suitability Questionnaire attached hereto as Schedule
A and has made the certification therein regarding Subscriber's accredited investor status and, if applicable, compliance with the
10% investment limitation

**(f)** Authority;
Binding Obligation. Subscriber has all requisite power, authority and legal capacity to execute and deliver this Subscription Agreement,
to subscribe for the Shares, and to perform Subscriber's obligations hereunder. This Subscription Agreement constitutes the legal,
valid and binding obligation of Subscriber, enforceable against Subscriber in accordance with its terms.

**(g)** No
Conflicts; Compliance with Laws. The execution, delivery and performance of this Subscription Agreement by Subscriber, and Subscriber's
subscription for the Shares, do not and will not violate any law, rule, regulation, order, judgment or decree applicable to Subscriber,
or any agreement or instrument to which Subscriber is a party or by which Subscriber is bound.

**(h)** OFAC;
Source of Funds. Subscriber is not (and is not acting on behalf of) a person or entity named on any U.S. government list of prohibited
or restricted persons, including the Specially Designated Nationals and Blocked Persons List maintained by the U.S. Office of Foreign
Assets Control ("OFAC"), and the funds being used to acquire the Shares were not derived from, and are not the proceeds of,
any activity that would violate any U.S. federal, state or local law or regulation, including the Bank Secrecy Act, the USA PATRIOT Act,
or any rule or regulation administered by OFAC.

**(i)** No
General Solicitation Reliance. Subscriber acknowledges that the Offering has been made pursuant to Regulation A, which permits general
solicitation, but Subscriber is not making this investment based on any representation other than those contained in the Offering Circular
and the Offering Statement.

**(j)** No
Public Market Assurance; OTC Listing. Subscriber understands that, although the Common Stock is currently quoted on the OTC Markets under
the symbol "RECX," there can be no assurance that an active trading market will exist for the Shares, and the Shares may
be illiquid.

**(k)** No
Tax, Legal or Investment Advice. Subscriber is not relying upon the Company or any of its officers, directors, employees, agents or affiliates
for tax, legal or investment advice in connection with this investment, and Subscriber has consulted Subscriber's own advisors
with respect thereto to the extent Subscriber deemed appropriate.

**(l)** Foreign
Investors. If Subscriber is not a United States person (as defined in Rule 902(k) of Regulation S under the Securities Act), Subscriber
represents that Subscriber has satisfied himself, herself or itself as to the full observance of the laws of Subscriber's jurisdiction
in connection with any invitation to subscribe for the Shares, including, without limitation, (i) the legal requirements within Subscriber's
jurisdiction for the purchase of the Shares, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental
or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the
purchase, holding, redemption, sale or transfer of the Shares.

**(m)** Anti-Money
Laundering. Subscriber agrees to provide such additional information and documentation as the Company may reasonably request to comply
with applicable anti-money laundering and know-your-customer laws and regulations.

**(n)** Electronic
Delivery. Subscriber consents to the delivery of the Offering Circular and any subsequent offering materials, communications, notices
and reports by electronic means, including by email and by posting to the EDGAR system or to the Company's website.

**5. Representations of the Company**

The Company represents and warrants to Subscriber that: (a) the Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Nevada; (b) the Company has full corporate power and authority to issue and sell the Shares as contemplated hereby; (c) this Subscription Agreement has been duly authorized, executed and delivered by the Company and, when accepted by the Company, will constitute a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms; and (d) the Shares, when issued, delivered and paid for in accordance with the terms of this Subscription Agreement, will be validly issued, fully paid and non-assessable.

**6. Indemnification**

Subscriber agrees to indemnify and hold harmless the Company and its officers, directors, employees, agents and affiliates from and against any and all losses, liabilities, claims, damages and expenses (including reasonable attorneys' fees) arising out of or based upon any breach by Subscriber of any representation, warranty, covenant or agreement made by Subscriber herein or in any other document delivered by Subscriber to the Company in connection with this subscription.

**7. Miscellaneous**

**(a) Entire Agreement; Amendment.** This Subscription Agreement, together with the Offering Circular, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with respect thereto. This Subscription Agreement may be amended only by a writing signed by both parties.

**(b) Governing Law; Venue.** This Subscription Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida, without regard to its conflict-of-laws principles. The parties consent to the exclusive jurisdiction of the state and federal courts located in Manatee County, Florida for the resolution of any disputes hereunder.

**(c) Waiver of Jury Trial.** Each party irrevocably waives any right it may have to a trial by jury in any action, proceeding or counterclaim arising out of or relating to this Subscription Agreement; *provided, however,* that nothing in this Subscription Agreement shall constitute a waiver of any rights under, or any cause of action arising under, the federal securities laws of the United States.

**(d) Successors and Assigns.** This Subscription Agreement shall be binding upon the heirs, personal representatives, successors and permitted assigns of Subscriber and shall inure to the benefit of the Company and its successors and assigns. Subscriber may not assign this Subscription Agreement or any of its rights or obligations hereunder without the prior written consent of the Company.

**(e) Severability.** If any provision of this Subscription Agreement is held to be invalid, illegal or unenforceable, the remainder of this Subscription Agreement shall not be affected thereby and shall remain in full force and effect.

**(f) Counterparts; Electronic Signatures.** This Subscription Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Signatures delivered by facsimile or electronic transmission (including PDF and DocuSign or similar e-signature platforms) shall be deemed original signatures for all purposes.

**(g) Survival.** The representations, warranties and covenants of Subscriber set forth herein shall survive the acceptance of this Subscription Agreement and the issuance of the Shares.

**(h) Notices.** All notices and other communications hereunder shall be in writing and shall be deemed given when delivered personally, by reputable overnight courier, or by email (with confirmation of receipt) to the Company at the address set forth in Section 2 above and to Subscriber at the address set forth on the signature page hereto.

**SUBSCRIBER SIGNATURE PAGE**

By signing below, Subscriber acknowledges that Subscriber has read this Subscription Agreement and the Offering Circular, agrees to all of the terms and conditions hereof, and confirms the truth and accuracy of the representations and warranties made herein and in the Investor Suitability Questionnaire attached as Schedule A.

**Subscription Details**

---

| | |
|:---|:---|
| **Number of Shares Subscribed For:** | **Purchase Price per Share (within range $0.01–$0.05):** |
| **Aggregate Subscription Amount (USD) (minimum $2,500):** | **Form of Payment (wire / ACH / check):** |

---

**Subscriber Information**

---

| | |
|:---|:---|
| **Type of Ownership (Individual / Joint / Entity / IRA / Trust):** | **Tax ID / SSN:** |
| **Full Legal Name of Subscriber:** | **Full Legal Name of Joint Subscriber (if any):** |
| **Permanent Residential / Principal Place of Business Address:** | **City, State, ZIP, Country:** |
| **Mailing Address (if different):** | **Telephone:** |
| **Email Address:** | **Date of Birth / Date of Formation:** |
| **State of Citizenship / State of Formation:** | **Occupation / Nature of Business:** |

---

---

| | |
|:---|:---|
| | Date: |
| Signature of Subscriber |  |
| | Date: |
| Signature of Joint Subscriber (if any) |  |
| | Title: |
| If Subscriber is an entity: Signature of Authorized Signatory |  |

---

**ACCEPTANCE BY THE COMPANY**

The foregoing subscription is hereby accepted, in whole / in part as to ________ Shares, on behalf of Recreatives Industries, Inc.

RECREATIVES INDUSTRIES, INC.

By:   Date:   <br> Name: <br> Title:

**SCHEDULE A<br> INVESTOR SUITABILITY QUESTIONNAIRE**

This Investor Suitability Questionnaire is being provided in connection with the offering by Recreatives Industries, Inc. of shares of its Common Stock pursuant to Regulation A under the Securities Act. The Company is required by Rule 251(d)(2)(i)(C) of Regulation A to confirm that each non-accredited investor in this Tier 1 offering does not invest more than ten percent (10%) of the greater of (a) annual income or net worth (for natural persons), or (b) annual revenue or net assets at the most recently completed fiscal year end (for non-natural persons). Subscriber must complete Part I or Part II below. Initial each applicable item.

**Part I — Accredited Investor Certification**

If Subscriber is an accredited investor under Rule 501(a) of Regulation D, please initial each applicable category. Subscriber must qualify under at least one category to be treated as an accredited investor.

---

| | |
|:---|:---|
| **_____** | **Income.** Subscriber is a natural person who had individual income in excess of $200,000, or joint income with Subscriber's spouse or spousal equivalent in excess of $300,000, in each of the two most recent calendar years and has a reasonable expectation of reaching the same level in the current year. |

---

---

| | |
|:---|:---|
| **_____** | **Net Worth.** Subscriber is a natural person whose individual net worth, or joint net worth with Subscriber's spouse or spousal equivalent, exceeds $1,000,000, excluding the value of Subscriber's primary residence (calculated in accordance with Rule 501(a)(5)). |

---

---

| | |
|:---|:---|
| **_____** | **Professional Certifications.** Subscriber is a natural person holding in good standing one or more of the professional certifications, designations or credentials designated by the Commission as qualifying for accredited investor status (currently, Series 7, Series 65, or Series 82). |

---

---

| | |
|:---|:---|
| **_____** | **Entity.** Subscriber is a corporation, partnership, limited liability company, trust or other entity with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Shares. |

---

---

| | |
|:---|:---|
| **_____** | **Entity — All Accredited Owners.** Subscriber is an entity in which all of the equity owners are accredited investors. |

---

---

| | |
|:---|:---|
| **_____** | **Family Office.** Subscriber qualifies as a family office or family client under Rule 501(a)(12) or (13). |

---

---

| | |
|:---|:---|
| **_____** | **Bank/RIA/BD/IC, etc.** Subscriber is a bank, savings and loan association, registered broker-dealer, registered investment adviser, registered investment company, business development company, small business investment company, or other institutional investor described in Rule 501(a)(1) or (a)(8). |

---

**Part II — Non-Accredited Investor 10% Investment Limitation**

Non-Accredited Investor Limitation. If Subscriber is not an "accredited investor" within the meaning of Rule 501(a) of Regulation D under the Securities Act, Subscriber hereby represents and warrants that the aggregate purchase price for the Shares subscribed for hereby, together with the aggregate purchase price of any other securities of the Company purchased by Subscriber in this offering and in any other Tier 2 offerings of the Company during the preceding 12 months, does not and will not exceed ten percent (10%) of the greater of: (i) Subscriber's annual income or net worth, if Subscriber is a natural person, or (ii) Subscriber's annual revenue or net assets at the most recently completed fiscal year end, if Subscriber is a non-natural person. Subscriber acknowledges that Subscriber has truthfully completed the Investor Suitability Questionnaire attached hereto as Schedule A and, if Subscriber is not an accredited investor, has accurately stated Subscriber's applicable income, net worth, revenue or net assets, and the Subscription Amount, for purposes of demonstrating compliance with this 10% investment limitation.

---

| | |
|:---|:---|
| **Annual Income (USD):** | **Net Worth (excluding primary residence) (USD):** |
| **Annual Revenue (entities, USD):** | **Net Assets at FYE (entities, USD):** |

---

**Subscriber certifies,** under penalty of perjury, that the information provided in this Investor Suitability Questionnaire is true, complete and correct in all material respects, and acknowledges that the Company will rely on the foregoing certification in accepting Subscriber's subscription.

  Date:   <br> Signature of Subscriber (or Authorized Signatory)

## Ex1A-6

**Exhibit 6.1**

**ASSET PURCHASE AGREEMENT**

**I. THE PARTIES.** This Asset Purchase Agreement ("Agreement"), made this November 22 2021 between the following parties:

**Buyer:** A business entity known as Planet Resource Recovery, Inc., 6321 Porter Road Suite 7, Sarasota, Florida 34240, USA.

AND

**Seller:** A business entity known as Agile Vehicle Technologies Limited, Orchard Cottage, Main Street, Babcary, Somerton Somerset. UK TA11 7DZ.

When both the Buyer and Seller are mentioned collectively, they shall be known as the "Parties".

**II. ASSETS.** As part of this Agreement, the Buyer agrees to buy while the Seller agrees to sell the following tangible and intangible assets:

● MAX ATV Product Line (Ex-Recreatives):

○ MAX physical assets comprising body tooling (moulds and cutting templates) for Max Il, Max IV and Buffalo [currently located at 303 Industrial Dr., Grand Island, NY]

○ MAX Intellectual Property

○ The MAX brand and name along with native source files relating to recent logo development (bitmaps and animations).

○ Digital CAD drawings etc. Recreatives ("RI") era CAD will be provided in native format (AutoCAD 2000 — 2D), along with PDF and other formats that have been derived from them for day-to-day use. Post-RI CAD will generally be in SolidWorks (3D) format, though alternative common formats such as .step, Parasolid, IEG etcS can be made available if necessary

○ Paper drawings (plus drawing cabinet) (many predating digital formats)

○ A copy of the complete electronic working file repository taken from the Recreatives server (snapshot as at 2013)

○ Documentation, 3D CAD, photographic imagery, graphics and other MAX-related material generated by MXI or AVT subsequent to the Recreatives sale. [datasets created after 2013 will first be checked and purged of data relating to Mudd-Ox]

○ maxatvs.com domain name

○ PO history [two RI-era file cabinets]

● Control/ownership of the legacy MAX toll-free 800 telephone number (subject to transferability)

● Web site (or copy thereof) along with hosting and CMS information (if/as required). We will collaborate to achieve a smooth transition of all web and cloud based assets, including seeding of prior announcements, cross-links and teasers and, if necessary, maintaining existing hosting and host management, but providing full access for editing and content management until RI is ready to implement alternative arrangements.

● MaxATV's Google Business account, with email archives (legacy)

● T-20 Transmission - Access to and freedom to exploit Skid Steer related IP and documentation in support of T-20 fabrication, copies of which will be provided on the understanding that such information is not to be further disclosed, except of course in connection with quotes, fabrication, etc.

○ Electronic Copies of Skid Steer T20 drawings, Supplier details, AVT-generated drawings for T-20 workbench assembly tooling

● [The old Komatsu forklift - sold as seen]

The assets listed in this Section shall be collectively known as the "Assets."

**III. PURCHASE PRICE.** The purchase price of the Assets is $250,000.00 ("Purchase Price").

**IV. DEPOSIT.** A 10% deposit in the amount of $25,000.00 ("Deposit") was paid by the buyer on October 14, 2021 and shall be credited towards the Purchase Price at Closing.

The Deposit is considered refundable within the Inspection Period in Section VI in the case of Section XIV.

**V. INSPECTION PERIOD.** The Parties agree that there shall not be an inspection period for inspection by the Buyer ("Inspection Period"). The Buyer agrees to purchase the Assets on an "As Is, Where Is" basis with no warranties made by the Seller.

**IV. PAYMENT.** Payment shall be made, in full, at Closing in accordance with Section VIl of this Agreement.

**VII. FINANCING.** This Agreement is not contingent on the Buyer obtaining financing in order to close on the Assets. The Buyer must provide proof of funds within 2 days from the Effective Date of this Agreement.

**VIII. APPROVAL OF 3<sup>RD</sup> PARTY.** For the Assets to be sold, there is no approval needed from any party other than the Seller. This Agreement is not contingent on the Seller receiving approval from any 3rd party to sell the Assets.

**IX. CLOSING.** This transaction shall be closed on November 26 2021 at 05:00 PM or earlier at an agreed-upon location by the Parties. ("Closing"). Any extension of the Closing must be agreed upon, in writing, by Buyer and Seller.

Closing Costs. All costs associated with the Closing shall be the responsibility of both Parties bearing their own expenses.

**X. SELLER'S REPRESENTATIONS.** The Seller covenants and represents the following:

Fiduciary Duty. The Seller agrees that during the purchase process to hold a fiduciary duty in the best interests of the Buyer. The Seller shall in no way conduct any action that would disrupt the ongoing status of the Assets' value or condition. This obligation shall continue until the Closing.

Rights and Ownership. Seller makes the claim that they are the sole owner of the Assets with full rights to sell as stated in this Agreement. No other person has any claim, right, title, interest, or lien in, to, or on the Assets.

Outstanding Liabilities. The Seller has no outstanding liabilities, liens, judgments, or obligations that directly or indirectly affect the Assets.

Taxes. Seller claims that all taxes related to the Assets have been paid-in-full.

Insurance. If there is any insurance on the Assets, the Seller agrees to provide the Buyer with a copy of the current insurance policy, if any, to the Buyer within a reasonable time period. The Buyer has the option to assume the policy subject to the insurer's approval.

Outstanding Suits. There are no actions, suits, proceedings, or investigations pending or, to the knowledge of the Seller, threatened against or involving the Seller or brought by the Seller or affecting any of the Assets at law or in equity or admiralty or before any Federal, State, Municipal, or another governmental department, commission, board, agency, or instrumentality, domestic or foreign, nor has any such action, suit, proceeding, or investigation been pending during the preceding date hereof.

**XI. PARTIES' REPRESENTATIONS.** The Parties represent and agree to the following:

Compliance with Agreement. The representations and warranties of the Seller contained in this Agreement or any certificate or document delivered pursuant to the provisions hereof or in connection with the transactions contemplated hereby shall be true on and as of the Closing as though such representations and warranties were made at and as of such date, except if such representations and warranties shall be true as of such date.

Injunction. On the day of Closing, there shall be no effective injunction, writ, preliminary restraining order, or any order of any nature issued by a court of competent jurisdiction directing that the transactions provided for herein or any of them not to be consummated as herein provided.

Buyer's Approval. All actions, proceedings, instruments, and documents required to carry out this Agreement, or incidental thereto, and all other related legal matters shall have been approved by counsel for the Buyer.

Casualty. The Assets, or any substantial portion thereof, shall not have been adversely affected in any material way as a result of any fire, accident, flood, or other casualty or act of God or public enemy, not shall any substantial portion of the purchased property have been stolen, taken by eminent domain, or subject to condemnation. If the Closing occurs hereunder despite such casualty as a result of the waiver of this condition by the Buyer, the Seller shall assign or pay over to the Buyer the proceeds of any insurance or any condemnation proceeds with respect to any casualty involving the Assets that occur after the date hereof.

Adverse Change. Between the date of this Agreement and the Closing, there shall be no material adverse change of the Assets.

**XII. SELLER'S INDEMNIFICATION.** The Seller agrees to jointly and severally indemnify and hold the Buyer, and assigns, harmless from any and all claims of any nature whatsoever, including without limitation:

Claims. Tort claims and claims made by creditors; and

Taxes. Claims that may be made hereinafter on account of Federal and State taxes, including, but not limited to, sales taxes, franchise taxes, unemployment taxes, Social Security taxes, excise taxes, and any other taxes of any nature or form on account of the Buyer ending on and accruing up to the Closing.

**XIII. ACCESS TO INFORMATION:** After the execution of this Agreement, the Buyer shall have full access to any and all information in reference to the Assets. The Buyer shall maintain a fiduciary duty to keep the information that it obtains confidential and agrees to not share with any third (3rd) party unless the Seller gives their written consent.

**XIV. TRANSFER OF ASSETS.** The Seller makes the following covenants to the Buyer:

Title. A bill of sale shall be delivered at the Closing that shall transfer all the Assets mentioned in this Agreement and free and clear of all encumbrances. The Seller shall include any and all certificates and titles with the transfer of the Assets to be placed in the name of the Buyer or in a name the Buyer suggests.

Period Until Closing. Until the Closing, the Seller assumes all risk of loss, damage, or destruction to the Assets subject to this Agreement until the Closing. If the Assets are damaged or lost prior to the Closing that their valuation is affected, the Seller agrees to negotiate, in good faith, a reasonable reduction in the Purchase Price due to such loss. The Parties shall have 10 days to negotiate such loss of value or this Agreement shall be considered void with any Deposit made by the Buyer to be refunded.

**XV. RETURN OF MATERIALS.** Any information that is obtained by the Buyer through the Seller shall be returned if there is no Closing.

**XVI. MEDIATION AND ARBITRATION.** If a dispute arises under this Agreement, the parties agree to first try to resolve the dispute with the help of a mutually agreed-upon mediator in Sarasota County, State of Florida. Any costs and fees other than attorney fees associated with the mediation shall be shared equally by the parties. If the dispute is not resolved through mediation, the parties agree to submit the dispute to binding arbitration in Sarasota County, State of Florida under the rules of the American Arbitration Association. Judgment upon the award rendered by the arbitrator may be entered in any court with jurisdiction to do so. The prevailing party shall be entitled to recover its costs and reasonable attorney's fees.

**XVII. CONFIDENTIALITY.** All negotiations regarding the Assets between the Buyer and Seller shall be confidential and not to be disclosed with anyone other than respective advisors and internal staff of the Parties and necessary third (3rd) parties. No press, or other public releases, will be issued to the general public concerning the Assets without the mutual consent or as required by law, and then only upon prior written notice to the other party unless otherwise not allowed.

**XVIII. CURRENCY.** All mentions of money or the usage of the "$" icon shall be known as referring to the US Dollar.

**XIX. GOVERNING LAW.** This Letter of Intent shall be governed under the laws by the State of Florida.

**X. SEVERABILITY.** In case any provision or wording in this Letter of Intent shall be held invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

**XXI. ADDITIONAL TERMS & CONDITIONS**. The acquisition purchase agreement between the Buyer and Seller consists of the following:

● A sum of $250,000, consisting of:

○ $200,000 Cash ($25,000 deposit transferred on October 14, 2021; $175,000 due at closing)

○ $50,000 issued in Class C Convertible Preferred Stock. Class C Preferred Shares carry no voting rights and convert into common shares at the lesser of 50% below the previous day's closing price or $0.005 per share; a 12 month trade restriction after the closing date applies.

● Agile Vehicle Technologies Limited Receives Class B Preferred Stock, amounting to ten percent (10%) equity ownership in the company with entitlement to a corresponding (10%) share of company dividends. Class B Preferred Shares carry no voting rights.

● Agile Vehicle Technologies agrees to supply T-21 Transmissions to Planet Resource Recovery, Inc. at a mark-up of 20% if PRRY utilizes the T-21 Transmission in new MAX vehicles.

● MAX Assets may remain in storage at 303 Industrial Drive, Grand Island, NY. Agile may issue a request at any time to PRRY to relocate all MAX assets (pursuant to a 6 week lead time).

**XXII. ENTIRE AGREEMENT.** This Agreement contains all the terms agreed to by the parties relating to its subject matter including any attachments or addendums. This Agreement replaces all previous discussions, understandings, and oral agreements.

---

| | | | |
|:---|:---|:---|:---|
| **XXIII. SIGNATURES AND DATES.** The foregoing is agreed to by: | **XXIII. SIGNATURES AND DATES.** The foregoing is agreed to by: | **XXIII. SIGNATURES AND DATES.** The foregoing is agreed to by: | **XXIII. SIGNATURES AND DATES.** The foregoing is agreed to by: |
| Buyer: | ![(-s- Andrew Lapp)](re010_v1.jpg) | Date: | 26th November 2021 |
|  | Andrew Lapp – CEO, Planet Resource Recovery, Inc. | Andrew Lapp – CEO, Planet Resource Recovery, Inc. | Andrew Lapp – CEO, Planet Resource Recovery, Inc. |
| Seller: | ![(-s- Stuart Sowray)](re011_v1.jpg) | Date: | 26th November 2021 |
|  | Stuart Sowray – Director, Agile Vehicle Technologies Limited | Stuart Sowray – Director, Agile Vehicle Technologies Limited | Stuart Sowray – Director, Agile Vehicle Technologies Limited |

---

## Ex1A-6

**Exhibit 6.2**

**Planet Resource Recovery Inc.**

---

| | | |
|:---|:---|:---|
| 6321 Porter Rd. Suite 7 | 6321 Porter Rd. Suite 7 | 6321 Porter Rd. Suite 7 |
| Sarasota FL 34240 | Sarasota FL 34240 | Sarasota FL 34240 |
| Federal Tax ID# 87-3525932 | 1-800-255-2511 | <u>www.maxatvs.com</u> |

---

Andrew Lapp<br> Sent via email to <u>andrew@recreatives.com</u><br> Effective January 1, 2023

Dear Andrew,

1. <u>Offer and Position</u> 

We are very pleased to extend an offer of employment to you for the position of Chief Executive Officer of Planet Resources Recovery, Inc., a Nevada corporation (the "**Company**"). Your employment is subject to the terms and conditions set forth in this letter.

2. <u>Duties</u> 

In your capacity as Chief Executive Officer, you will perform duties and responsibilities that are commensurate with your position and such other duties as may be assigned to you from time to time. You will report directly to the Board of Directors of the Company (the "**Board**"). You will also serve as a member of the Board, for no additional compensation. You agree to devote your full business time, attention and best efforts to the performance of your duties and to the furtherance of the Company's interests. Notwithstanding the foregoing, nothing in this letter shall preclude you from devoting reasonable periods of time to charitable and community activities, managing personal investment assets and serving on boards of other companies (public or private) not in competition with the Company, provided that none of these activities interferes with the performance of your duties hereunder or creates a conflict of interest.

3. <u>Location</u> 

Your principal place of employment shall be at our corporate office in Sarasota, Florida, subject to business travel as needed to properly fulfill your employment duties and responsibilities.

4. <u>Start Date</u> 

Subject to satisfaction of all of the conditions described in this letter, your start date is effective as of January 1, 2022.

5. <u>Base Salary</u> 

In consideration of your services, you will be paid an initial base salary of $125,000 for the year 2022, payable in shares of the Company's Common Stock, par value $0.001, at a price per share of $0.004, for a total of 31,250,000 shares, and a salary of $125,000 for the year 2023, payable in cash in equal installments on the first day of each calendar month.

6. <u>Annual Bonus</u> 

During your employment, you will be eligible to receive a discretionary annual bonus, payable at such times and in such amounts, as determined by the Board.

7. <u>Benefits and Perquisites</u> 

You will be eligible to participate in the employee benefit plans and programs generally available to the Company's executives, including group medical, dental, vision and life insurance, disability benefits, subject to the terms and conditions of such plans and programs. You will be entitled to paid vacation in accordance with the Company's policies in effect from time to time. You will also be entitled to the fringe benefits and perquisites that are made available to other similarly situated executives of the Company, each in accordance with and subject to the eligibility and other provisions of such plans and programs. The Company reserves the right to amend, modify or terminate any of its benefit plans or programs at any time and for any reason.

8. <u>Withholding</u> 

All forms of compensation paid to you as an employee of the Company shall be less all applicable withholdings.

9. <u>Stock Ownership Requirements</u> 

As an executive officer of the Company, you will be required to comply with the Company's Stock Ownership Requirements applicable to executive officers.

10. <u>At-will Employment</u> 

Your employment with the Company will be for no specific period of time. Rather, **your employment will be at-will, meaning that you or the Company may terminate the employment relationship at any time, with or without cause, and with or without notice and for any reason or no particular reason.** Although your compensation and benefits may change from time to time, the at-will nature of your employment may only be changed by an express written agreement signed by an authorized officer of the Company.

11. <u>Section 409A</u> 

This offer letter is intended to comply with Section 409A of the Internal Revenue Code ("**Section 409A**") or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this offer letter, payments provided under this offer letter may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this offer letter that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this offer letter shall be treated as a separate payment. Any payments to be made under this offer letter upon a termination of employment shall only be made upon a "separation from service" under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this offer letter comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by you on account of non-compliance with Section 409A.

Notwithstanding any other provision of this offer letter, if any payment or benefit provided to you in connection with termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A and you are determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of your termination date (the "**Specified Employee Payment Date**") or, if earlier, on the date of your death. The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date and interest on such amounts calculated based on the applicable federal rate published by the Internal Revenue Service for the month in which your separation from service occurs shall be paid to you in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule.

12. <u>Governing Law</u> 

This offer letter shall be governed by the laws of Florida, without regard to conflict of law principles.

13. <u>Representations</u> 

By accepting this offer, you represent that you are able to accept this job and carry out the work that it would involve without breaching any legal restrictions on your activities, such as non-competition, non-solicitation or other work-related restrictions imposed by a current or former employer. You also represent that you will inform the Company about any such restrictions and provide the Company with as much information about them as possible, including any agreements between you and your current or former employer describing such restrictions on your activities.

If you wish to accept this position, please sign below and return this letter to Planet Resource Recovery, located at 6321 Porter Rd Ste 7, Sarasota, FL 34240.

We look forward to hearing from you.

Yours sincerely,

---

| | |
|:---|:---|
| **Planet Resource Recovery, Inc.** | **Planet Resource Recovery, Inc.** |
| By: | ![(-s- Andrew Lapp)](re015_v1.jpg) |
| Name: Andrew Lapp | Name: Andrew Lapp |
| Title: Director/ Chairman | Title: Director/ Chairman |

---

<u>Acceptance of Offer</u>

I have read and understood and I accept all the terms of the offer of employment as set forth in the foregoing letter. I have not relied on any agreements or representations, express or implied, that are not set forth expressly in the foregoing letter, and this letter supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the subject matter of this letter.

---

| | |
|:---|:---|
| ANDREW LAPP | ANDREW LAPP |
| By: | ![(-s- Andrew Lapp)](re010_v1.jpg) |
| Date: 01/01/2023 | Date: 01/01/2023 |
| Address: 2000 Misty Sunrise Trail, Sarasota, FL 34240 | Address: 2000 Misty Sunrise Trail, Sarasota, FL 34240 |

---

## Ex1A-6

**Exhibit 6.3**

**SETTLEMENT AGREEMENT**

This agreement ("Agreement") is made and entered into as of this date by and between AMERIXON CORPORATION, a Florida corporation, EMRY CAPITAL, MIROSLAV ZECEVIC and NICHOLAS ZECEVIC, (collectively known as "PARTY 1"); and RECREATIVES INDUSTRIES, INC., ALGM HOLDINGS, LLC, ANDREW LAPP and GERALD MOUNGER (collectively known as "PARTY 2").

WHEREAS a dispute has arisen regarding the original terms and performance under a previous Asset Purchase Agreement and other Agreements executed between the parties on or about December 16, 2023, and the parties desire to resolve said dispute in an amicable manner. Further, each of the Parties desires to resolve this matter quickly in order to avoid the uncertainty and delay of alternative means of dispute resolution.

**RECITATION OF FACTS:**

&nbsp;&nbsp;&nbsp;&nbsp;1. On
or about December 16, 2023, AMERIXON CORPORATION purchased GULF COAST MERCANTILE, LLC from ANDREW LAPP and GERALD MOUNGER for 1,000,000,000
shares of HIRU CORPORATION, a cash payment of $45,078.96 for reconciliation of the Amazon Operating Account balance at closing, and six
(6) monthly payments of $12,000.00 each for a total of $72,000.00. One monthly payment of $12,000.00 was made to ALGM HOLDINGS, LLC,
and one monthly payment of $12,000 and the Amazon Operating Account balance of $45,078.96 were made to RECREATIVES INDUSTRIES, INC. in
exchange for two convertible promissory notes. A net balance of $48,000.00 is still owed.

&nbsp;&nbsp;&nbsp;&nbsp;2. The
payments made to RECREATIVES INDUSTRIES, INC. are memorialized in two convertible promissory notes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. December
29, 2023, for $45,078.96 owed by AMERIXON CORPORATION and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. January
8, 2024, for $12,000.00 owed by AMERIXON CORPORATION.

&nbsp;&nbsp;&nbsp;&nbsp;3. On
January 24, 2023, RECREATIVES INDUSTRIES, INC., issued a convertible promissory note to MIROSLAV ZECIVIC in the amount of $18,000.00
for audit services of FRUCI and Company.

&nbsp;&nbsp;&nbsp;&nbsp;4. On
January 24, 2023, RECREATIVES INDUSTRIES, INC., issued a convertible promissory note to EMRY CAPITAL in the amount of $18,000.00 for
IR.

&nbsp;&nbsp;&nbsp;&nbsp;5. The
PARTIES now wish to enter into a global settlement in which all disputes arising from these facts are settled to the satisfaction of
all parties.

**NOW THEREFORE, IT IS AGREED AS FOLLOWS:**

For valuable consideration, including the mutual promises, covenants and releases set forth below, the parties have agreed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. ANDREW
LAPP and GERALD MOUNGER will return 1,000,000,000 common shares of HIRU CORPORATION stock to HIRU CORPORATION; and

&nbsp;&nbsp;&nbsp;&nbsp;2. ALGM
HOLDINGS, LLC will relieve AMERIXON CORPORATION and NICHOLAS ZECEVIC of the remaining monthly consulting fees owed to it in the amount
of $48,000.00.

**IN EXCHANGE FOR:**

&nbsp;&nbsp;&nbsp;&nbsp;3. Assignment
by MIROSLAV ZECEVIC of the following convertible promissory note to ALGM HOLDINGS, LLC:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Convertible
promissory note in the amount of $18,000.00, dated January 24, 2023 (for Fruci audit)

&nbsp;&nbsp;&nbsp;&nbsp;4. Assignment
by EMRY CAPITAL of the following convertible promissory note to ALGM HOLDINGS, LLC:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Convertible
promissory note in the amount of $18,000.00, dated January 24, 2023 (for IR), and

&nbsp;&nbsp;&nbsp;&nbsp;5. Assignment
by AMERIXON CORPORATION of the following convertible promissory notes to ALGM HOLDINGS, LLC:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Convertible
promissory note in the amount of $45,078.96, dated December 29, 2023, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Convertible
promissory note in the amount of $12,000.00, dated January 8, 2024.

**RESULT:**

The intended result of this Global Settlement is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;A. AMERIXON
CORPORATION will have 1,000,000,000 common shares of HIRU CORPORATION and will be relieved of liability for $48,000.00 in monthly consulting
fees otherwise owed to ALGM HOLDINGS, LLC.

&nbsp;&nbsp;&nbsp;&nbsp;B. NICHOLAS
ZECEVIC will be relieved of liability for $48,000.00 in monthly consulting fees otherwise owed to ALGM HOLDINGS, LLC.

&nbsp;&nbsp;&nbsp;&nbsp;C. ALGM
HOLDINGS, LLC, will receive the transfer of two convertible promissory notes, each in the amount of $18,000.00, from MIROSLAV ZECEVIC
and EMRY CAPITAL.

&nbsp;&nbsp;&nbsp;&nbsp;D. ALGM
HOLDINGS, LLC, will receive the transfer of two convertible promissory notes, one in the amount of $45,078.96 and one in the amount of
$12,000.00, from AMERIXON CORPORATION.

&nbsp;&nbsp;&nbsp;&nbsp;E. Neither
MIROSLAVE ZECEVIC nor NICHOLAS ZECEVIC shall retain or possess any debt or equity interest in RECREATIVES INDUSTRIES, INC., or ALGM HOLDINGS,
LLC. &nbsp;&nbsp;&nbsp;&nbsp;F. EMRY
CAPITAL, shall not possess or retain any debt or equity interest in RECREATIVES INDUSTRIES, INC., or ALGM HOLDINGS, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The terms of this Settlement Agreement are contractual and are not mere recitals. Each party to the Agreement represents and agrees that it or its representative may sign and bind the respective entity and/or individual to this Agreement and has the requisite authority to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Each party hereto represents and agrees that, each of them, is signing this Settlement Agreement in its entirety, and acknowledge that their individual execution of this Agreement is done freely, voluntarily, with full knowledge, and without duress.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. This Agreement represents the parties' final and entire agreement, supersedes all prior oral or written communications or agreements between them and shall not be modified except in writing signed by both CORPORATION and CONSULTANT. There are no promises, terms, conditions, or obligations other than those contained in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Upon completion of all terms contained in this Agreement, CORPORATION releases CONSULTANT from any and all demands, rights, damages, liabilities, obligations, actions, suits, and claims that it may have against CONSULTANT, now or in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Upon completion of all terms contained in this Agreement, CONSULTANT releases CORPORATION from any and all demands, rights, damages, liabilities, obligations, actions, suits, and claims that they may have against CORPORATION, now or in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. The parties acknowledge that the consideration received by each party as described in this Settlement Agreement is actual and adequate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. CORPORATION and CONSULTANT have carefully read this Settlement Agreement in its entirety and acknowledge that their individual execution of this Settlement Agreement is done *freely,* voluntarily, with full knowledge and without duress.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. This Agreement shall be binding on and inure to the benefit of all parties, their heirs, personal representatives, successors and assigns.

Date: April 22, 2024

---

| | |
|:---|:---|
| Amerixon Corporation, Inc. | Amerixon Corporation, Inc. |
| By: | ![(-s- Nicholas Zecevic)](re012_v1.jpg) |
|  | Nicholas Zecevic |
|  | ![(-s- Nicholas Zecevic)](re012_v1.jpg) |
| Emry Capital | Emry Capital |
| By: | ![(-s- Miroslav Zecevic)](re013_v1.jpg) |
|  | Miroslav Zecevic |
| ALGM Holdings, Inc. | ALGM Holdings, Inc. |
| By: | ![(-s- Andrew Lapp)](re010_v1.jpg) |
|  | Andrew Lapp |
|  | ![(-s- Gerald Mounger)](re014_v1.jpg) |
|  | Gerald Mounger |
| RECREATIVES INDUSTRIES, INC. | RECREATIVES INDUSTRIES, INC. |
| By: | ![(-s- Andrew Lapp)](re010_v1.jpg) |
|  | Andrew Lapp |
|  | ![(-s- Gerald Mounger)](re014_v1.jpg) |
|  | Gerald Mounger |

---

ADDENDUM TO SETTLEMENT AGREEMENT

ALGM Holdings, Inc. assigns its rights to receive a convertible promissory note from Emery Capital to Vic Devlaeminck per a purchase agreement dated 04-22-2024.

Page 3 of the settlement agreement amounts was wrongfully inputted.

Settlement agreement, clarification, and corrections on page 3, as follows, 3A and 4A to be corrected from the amount of $18,000 to the correct amount of $18,500.

3: Assignment by MIROSLAV ZECEVIC of the following convertible promissory note to ALGM HOLDINGS, LLC:

a.<br> Convertible promissory note in the amount of $18,000.00, dated January 24, 2023 (for Fruci audit)

**Should be corrected to $18,500.**

4: Assignment by EMRY CAPITAL of the following convertible promissory note to ALGM HOLDINGS, LLC:

a.<br> Convertible promissory note in the amount of $18,000.00, dated January 24, 2023 (for IR), and

**Should be corrected to $18,500**

## Ex1A-6

**Exhibit 6-4(a)**

STANDARD PROMISSORY NOTE

**1. THE PARTIES.** On November 23 2021, Planet Resource Recovery Inc. of 6321 Porter Rd Ste 7, Sarasota, Florida, 342404 with Andrew Lapp acting as CEO, referred to as the "Borrower",

**HAS RECEIVED AND PROMISES TO PAY:**

Gulf Coast Mercantile LLC of 6321 Porter Rd Ste 7, Sarasota, Florida, 34240 with Andrew Lapp acting as MGMR, referred to as the "Lender", the sum of $230,000.00 US Dollars, referred to as the "Borrowed Money", with an origination fee of 4 percent ($9,200) deducted from the loan disbursement upon the execution of this agreement and interest accruing on the unpaid balance at a rate of 18 percent (%) per annum, referred to as the "Interest Rate", beginning on November 23 2021 under the following terms and conditions:

**2. PAYMENTS.** The full balance of this Note, including any accrued interest and late fees, is due and payable on November 23 2024, referred to as the "Due Date". The Borrowed Money shall be repaid via installments every month in the following schedule:

The Borrowed Money shall be repaid in monthly installments on the Twenty-Third (23rd) of every month beginning on December 23 2021 with any remaining balance payable on the Due Date. Each payment due shall be for the amount of $8,315.05.

In addition, money that is not paid by the Borrower on time for any installment will continue to be charged the Interest Rate stated in this Note.

**3. SECURITY.** This note shall be secured under the following:

The Borrower agrees to provide MAX ATV Assets including but not limited to Associated Tooling, Blueprints, and Intellectual Property that will be acquired from Agile Vehicle Technologies Ltd in the Asset Purchase of MAX., referred to as the "Security", which shall transfer to the possession and ownership of the Lender IMMEDIATELY if this Note should be in default. The Security may not be sold or transferred without the Lender's consent during the course of this Note. If the Borrower breaches this provision, the Lender may declare all sums due under this Note immediately due and payable, unless prohibited by applicable law.

If the Borrower defaults under this Note the Lender shall have the right to obtain ownership and possession of the Security. The Lender shall have the sole option to accept it as full payment for the Borrowed Money without further liabilities or obligations. If the market value of the Security does not exceed the Borrowed Money, the Borrower shall remain liable for the balance due while accruing interest at the maximum rate allowed by law.

**4. INTEREST DUE IN THE EVENT OF DEFAULT**. In the event the Borrower fails to pay the note in full on the Due Date, the unpaid principal shall accrue interest at the maximum rate allowed by law until the Borrower is no longer in default.

**5. ALLOCATION OF PAYMENTS.** Payments shall be first credited to any late fees due, then to interest due and any remainder will be credited to principal.

**6. PREPAYMENT.** Borrower may prepay this Note without penalty.

**7. ACCELERATION.** If the Borrower is in default under this Note or is in default under another provision of this Note, and such default is not cured within the minimum allotted time by law after written notice of such default, then Lender may, at its option, declare all outstanding sums owed on this Note to be immediately due and payable.

This includes rights of possession to the Security mentioned in Section 3.

**8. ATTORNEYS' FEES AND COSTS.** Borrower shall pay all costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys' fees. If Lender or Borrower sues to enforce this Note or obtain a declaration of its rights hereunder, the prevailing party in any such proceeding shall be entitled to recover its reasonable attorneys' fees and costs incurred in the proceeding (including those incurred in any bankruptcy proceeding or appeal) from the non-prevailing party.

**9. WAIVER OF PRESENTMENTS.** Borrower waives presentment for payment, a notice of dishonor, protest, and notice of protest.

**10. NON-WAIVER.** No failure or delay by Lender in exercising Lender's rights under this Note shall be considered a waiver of such rights.

**11. SEVERABILITY.** In the event that any provision herein is determined to be void or unenforceable for any reason, such determination shall not affect the validity or enforceability of any other provision, all of which shall remain in full force and effect.

**12. INTEGRATION.** There are no verbal or other agreements that modify or affect the terms of this Note. This Note may not be modified or amended except by a written agreement signed by Borrower and Lender.

**13. CONFLICTING TERMS.** The terms of this Note shall have authority and precedence over any conflicting terms in any referenced agreement or document.

**14. NOTICE.** Any notices required or permitted to be given hereunder shall be given in writing and shall be delivered (a) in person, (b) by certified mail, postage prepaid, return receipt requested, (c) by facsimile, or (d) by a commercial overnight courier that guarantees next day delivery and provides a receipt, and such notices shall be made to the parties at the addresses listed below.

**15. GUARANTORS.** There shall be no person or entity, under the terms of this Note, that shall be responsible for the payment, late fees, and any accrued interest other than the Borrower.

**16. EXECUTION.** The Borrower executes this Note as a principal and not as a surety. If there is a Co-Signer, the Borrower and Co-Signer shall be jointly and severally liable under this Note.

**17. GOVERNING LAW.** This note shall be governed under the laws in the State of Florida.

With my signature below, I affirm that I have read and understood this promissory note.

---

| | | |
|:---|:---|:---|
| **Borrower's Signature:** | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/23/2021 |
| Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO |
| **Lender's Signature:** | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/23/2021 |
| Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR |

---

## Ex1A-6

**Exhibit 6-4(b)**

**LOAN ASSIGNMENT AGREEMENT**

**I. THE PARTIES.** This Assignment Agreement ("Agreement") is made on November 11 2023 ("Effective Date") by and between:

**Assignor:** A business entity known as Gulf Coast Mercantile LLC with a mailing address of 1936 59th Ter E, Bradenton, Florida, 34203 ("Assignor"),

AND

**Assignee:** A business entity known as ALGM Holdings LLC with a mailing address of 2000 Misty Sunrise Trl, Sarasota, Florida, 34240 ("Assignee").

The above-referenced Assignor and Assignee may each be referred to as a "Party" and collectively referred to herein as the "Parties."

**II. THE ASSIGNMENT.** The Parties agree that under this Agreement, the Assignor shall assign, convey, and transfer all their interest in the following to the Assignee: $230,000 Promissory Note Agreement made between Gulf Coast Mercantile LLC ("Lender") and Recreatives Industries, Inc. ("Borrower", f/k/a Planet Resource Recovery Inc.) on November 23rd, 2021.

Hereinafter known as the "Assignment."

**III. TRANSFER.** The Parties agree that the Assignor is transfelring the Assignment to the Assignee for no payment or compensation. The Assignee's consideration shall be recognized as the undertaking of any liabilities or obligations as part of the Assignment.

**IV. LIABILITIES.** The Assignor hereby claims and warrants to hold the interest described in the Assignment and that it does not contain any lien(s), claim(s), or encumbrance(s).

**V. 3RD PARTY APPROVAL.** There is no 3rd party required for this Agreement to be in effect. The only requirement is for both Parties to place their authorized signature on the last page of this Agreement.

**VI. ASSUMPTION.** The Assignee acknowledges and agrees to assume the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with all terms, make all payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

**VII. PARTIES' REPRESENTATIONS.** The Assignee acknowledges that they have a full understanding of the Assignment and the terms of this Agreement. The Assignor further warrants that they own the rights transferred in the Assignment and understand the terms of this Agreement. Both Parties agree to provide and complete any obligations under this Agreement or the Assignment.

**VIII. SEVERABILITY.** If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

**IX. GOVERNING LAW.** This Agreement shall he governed under the laws located in the State of Florida.

**X. WAIVER.** The failure of either Party to enforce any provision of this Agreement shall not be deemed a waiver or limitation of that Party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

**XI. ENTIRE AGREEMENT.** This Agreement constitutes the entire Agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties.

---

| | | | |
|:---|:---|:---|:---|
| **Assignor Signature:** | ![(SIGNATURE)](re015_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | Gulf Coast Mercantile LLC |  |  |
| **Assignee Signature:** | ![(SIGNATURE)](re015_v1.jpg) | Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | ALGM Holdings LLC |  |  |

---

## Ex1A-6

**Exhibit 6-4(c)**

**STANDARD PROMISSORY NOTE**

**1. THE PARTIES.** On July 20 2022, Planet Resource Recovery Inc. of 6321 Porter Rd Ste 7, Sarasota, Florida, 34240 with Andrew Lapp acting **as** CEO, referred to as the "Borrower",

**HAS RECEIVED AND PROMISES TO PAY:**

Gulf Coast Mercantile LLC of 6321 Porter Rd Ste 7, Sarasota, Florida, 34240 with Andrew Lapp acting as MGMR, referred to as the "Lender", the sum of $45,100.00 US Dollars, referred to **as** the "Borrowed Money", with interest accruing on the unpaid balance at a rate of 14 percent (%) per annum, referred to as the "Interest Rate", beginning on July 20 2022 under the following terms and conditions:

**2. PAYMENTS.** The full balance of this Note, including any accrued interest and late fees, is due and payable on July 20 2023, referred to as the "Due Date". The Borrowed Money shall be repaid via installments every month in the following schedule:

The Borrowed Money shall be repaid in monthly installments on the Twentieth (20th) of every month beginning on August 20 2022 with any remaining balance payable on the Due Date. Each payment due shall be for the amount of $4049.40.

In addition, money that is not paid by the Borrower on time for any installment will continue to be charged the Interest Rate stated in this Note.

**3. SECURITY.** There shall be no Securiy put forth by the Borrower in this promissory note.

**4. INTEREST DUE IN THE EVENT OF DEFAULT.** In the event the Borrower fails to pay the note in full on the Due Date, the unpaid principal shall accrue interest at the maximum rate allowed by law until the Borrower is no longer in default.

**5. ALLOCATION OF PAYMENTS.** Payments shall be first credited to any late fees due, then to interest due and any remainder will be credited to principal.

**6. PREPAYMENT.** Borrower may prepay this Note without penalty.

**7. ACCELERATION.** If the Borrower is in default under this Note or is in default under another provision of this Note, and such default is not cured within the minimum allotted time by law after written notice of such default, then Lender may, at its option, declare all outstanding sums owed on this Note to be immediately due and payable.

**8. ATTORNEYS' FEES AND COSTS.** Borrower shall pay all costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys' fees. If Lender or Borrower sues to enforce this Note or obtain a declaration of its rights hereunder, the prevailing party in any such proceeding shall be entitled to recover its reasonable attorneys' fees and costs incurred in the proceeding (including those incurred in any bankruptcy proceeding or appeal) from the non-prevailing party.

**9. WAIVER OF PRESENTMENTS.** Borrower waives presentment for payment, a notice of dishonor, protest, and notice of protest.

**10. NON-WAIVER.** No failure or delay by Lender in exercising Lender's rights under this Note shall be considered a waiver of such rights.

**11. SEVERABILITY.** In the event that any provision herein is determined to be void or unenforceable for any reason, such determination shall not affect the validity or enforceability of any other provision, all of which shall remain in full force and effect.

**12. INTEGRATION.** There are no verbal or other agreements that modify or affect the terms of this Note. This Note may not be modified or amended except by a written agreement signed by Borrower and Lender.

**13. CONFLICTING TERMS.** The terms of this Note shall have authority and precedence over any conflicting terms in any referenced agreement or document.

**14. NOTICE.** Any notices required or permitted to be given hereunder shall be given in writing and shall be delivered (a) in person, @) by certified mail, postage prepaid, return receipt requested, (c) by facsimile, or (d) by a commercial overnight courier that guarantees next day delivery and provides a receipt, and such notices shall be made to the parties at the addresses listed below.

**15. GUARANTORS.** There shall be no person or entity, under the terms of this Note, that shall be responsible for the payment, late fees, and any accrued interest other than the Borrower.

**16. EXECUTION.** The Borrower executes this Note as a principal and not as a surety. If there is a Co-Signer, the Borrower and Co-Signer shall be jointly and severally liable under this Note.

**17. GOVERNING LAW .** This note shall be governed under the laws in the State of Florida.

With my signature below, I affirm that I have read and understood this promissory note.

---

| | | | |
|:---|:---|:---|:---|
| **Borrower's Signature:** | ![(SIGNATURE)](re010_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 7/20/2022 |
| Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO |
| **Lender's Signature:** | ![(SIGNATURE)](re010_v1.jpg) | Date: | 7/20/2022 |
| Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR |

---

## Ex1A-6

**Exhibit 6-4(d)**

**LOAN ASSIGNMENT AGREEMENT**

**I. THE PARTIES.** This Assignment Agreement ("Agreement") is made on November 11 2023 ("Effective Date") by and between:

**Assignor:** A business entity known as Gulf Coast Mercantile LLC with a mailing address of 1936 59th Ter E, Bradenton, Florida, 34203 ("Assignor"),

AND

**Assignee:** A business entity known as ALGM Holdings LLC with a mailing address of 2000 Misty Sunrise Trl, Sarasota, Florida, 34240 ("Assignee").

The above-referenced Assignor and Assignee may each be referred to as a "Party" and collectively referred to herein as the "Parties."

**II. THE ASSIGNMENT.** The Parties agree that under this Agreement, the Assignor shall assign, convey, and transfer all their interest in the following to the Assignee: $45,100 Promissory Note Agreement made between Gulf Coast Mercantile LLC ("Lender") and Recreatives Industries, Inc. ("Borrower", f/k/a Planet Resource Recovery Inc.) on July 20, 2022.

Hereinafter known as the "Assignment."

**III. TRANSFER.** The Parties agree that the Assignor is transfelring the Assignment to the Assignee for no payment or compensation. The Assignee's consideration shall be recognized as the undertaking of any liabilities or obligations as part of the Assignment.

**IV. LIABILITIES.** The Assignor hereby claims and warrants to hold the interest described in the Assignment and that it does not contain any lien(s), claim(s), or encumbrance(s).

**V. 3RD PARTY APPROVAL.** There is no 3rd party required for this Agreement to be in effect. The only requirement is for both Parties to place their authorized signature on the last page of this Agreement.

**VI. ASSUMPTION.** The Assignee acknowledges and agrees to assume the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with all terms, make all payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

**VII. PARTIES' REPRESENTATIONS.** The Assignee acknowledges that they have a full understanding of the Assignment and the terms of this Agreement. The Assignor further warrants that they own the rights transfelred in the Assignment and understand the terms of this Agreement. Both Parties agree to provide and complete any obligations under this Agreement or the Assignment.

**VIII. SEVERABILITY.** If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

**IX GOVERNING LAW.** This Agreement shall be governed under the laws located in the State of Florida.

**X. WAIVER.** The failure of either Party to enforce any provision of this Agreement shall not be deemed a waiver or limitation of that Party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

**XI. ENTIRE AGREEMENT.** This Agreement constitutes the entire Agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties.

---

| | | | |
|:---|:---|:---|:---|
| **Assignor Signature:** | ![(SIGNATURE)](re015_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | Gulf Coast Mercantile LLC |  |  |
| **Assignee Signature:** | ![(SIGNATURE)](re015_v1.jpg) | Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | ALGM Holdings LLC |  |  |

---

## Ex1A-6

**Exhibit 6-4(e)**

**STANDARD PROMISSORY NOTE**

**1. THE PARTIES.** On November 23 2021, Planet Resource Recovery Inc. of 6321 Porter Rd Ste 7, Sarasota, Florida, 34240 with Andrew Lapp acting as CEO, referred to as the "Borrower",

**HAS RECEIVED AND PROMISES TO PAY:**

Gulf Coast Mercantile LLC of 6321 Porter Rd Ste 7, Sarasota, Florida, 34240 with Andrew Lapp acting as MGMR, referred to as the "Lender", the sum of $40,000.00 US Dollars, referred to as the "Borrowed Money", with interest accruing on the unpaid balance at a rate of 1 8 percent (%) per annum, referred to as the "Interest Rate", beginning on November 23 2021 under the following terms and conditions:

**2. PAYMENTS.** The full balance of this Note, including any accrued interest and late fees, is due and payable on November 23 2024, referred to as the "Due Date". The Borrowed Money shall be repaid via installments every month in the following schedule:

The Borrowed Money shall be repaid in monthly installments on the Twenty-Third (23rd) of every month beginning on December 23 2021 with any remaining balance payable on the Due Date. Each payment due shall be for the amount of $1446.10.

In addition, money that is not paid by the Borrower on time for any installment will continue to be charged the Interest Rate stated in this Note.

**3. SECURITY.** There shall be no Security put forth by the Borrower in this promissory note.

**4. INTEREST DUE IN THE EVENT OF DEFAULT.** In the event the Borrower fails to pay the note in full on the Due Date, the unpaid principal shall accrue interest at the maximum rate allowed by law until the Borrower is no longer in default.

**5. ALLOCATION OF PAYMENTS.** Payments shall be first credited to any late fees due, then to interest due and any remainder will be credited to principal.

**6. PREPAYMENT.** Borrower may prepay this Note without penalty.

**7. ACCELERATION.** If the Borrower is in default under this Note or is in default under another provision of this Note, and such default is not cured within the minimum allotted time by law after written notice of such default, then Lender may, at its option, declare all outstanding sums owed on this Note to be immediately due and payable.

**8. ATTORNEYS' FEES AND COSTS.** Borrower shall pay all costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys' fees. If Lender or Borrower sues to enforce this Note or obtain a declaration of its rights hereunder, the prevailing party in any such proceeding shall be entitled to recover its reasonable attorneys' fees and costs incurred in the proceeding (including those incurred in any bankruptcy proceeding or appeal) from the non-prevailing party.

**9. WAIVER OF PRESENTMENTS.** Borrower waives presentment for payment, a notice of dishonor, protest, and notice of protest,

**10. NON-WAIVER,** No failure or delay by Lender in exercising Lender's rights under this Note shall be considered a waiver of such rights.

**11. SEVERABILITY.** In the event that any provision herein is determined to be void or unenforceable for any reason, such determination shall not affect the validity or enforceability of any other provision, all of which shall remain in full force and effect.

**12. INTEGRATION.** There are no verbal or other agreements that modify or affect the terms of this Note. This Note may not be modified or amended except by a written agreement signed by Borrower and Lender.

**13. CONFLICTING TERMS.** The terms of this Note shall have authority and precedence over any conflicting terms in any referenced agreement or document.

**14. NOTICE.** Any notices required or permitted to be given hereunder shall be given in writing and shall be delivered (a) in person, (b) by certified mail, postage prepaid, return receipt requested, (c) by facsimile, or (d) by a commercial overnight courier that guarantees next day delivery and provides a receipt, and such notices shall be made to the parties at the addresses listed below.

**15. GUARANTORS.** There shall be no person or entity, under the terms of this Note, that shall be responsible for the payment, late fees, and any accrued interest other than the Borrower.

**16. EXECUTION.** The Borrower executes this Note as a principal and not as a surety. If there is a Co-Signer, the Borrower and Co-Signer shall be jointly and severally liable under this Note,

**17. GOVERNING LAW.** This note shall be governed under the laws in the State of Florida.

With my signature below, I affirm that I have read and understood this promissory note.

---

| | | | |
|:---|:---|:---|:---|
| **Borrower's Signature:** | ![(SIGNATURE)](re010_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/23/2021 |
| Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO |
| **Lender's Signature:** | ![(SIGNATURE)](re010_v1.jpg) | Date: | 11 /23/2021 |
| Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR | Gulf Coast Mercantile LLC with Andrew Lapp acting as MGMR |

---

## Ex1A-6

**Exhibit 6-4(f)**

**LOAN ASSIGNMENT AGREEMENT**

**I. THE PARTIES.** This Assignment Agreement ("Agreement") is made on November 11 2023 ("Effective Date") by and between:

**Assignor:** A business entity known as Gulf Coast Mercantile LLC with a mailing address of 1936 59th Ter E, Bradenton, Florida, 34203 ("Assignor"),

AND

**Assignee:** A business entity known as ALGM Holdings LLC with a mailing address of 2000 Misty Sunrise Trl, Sarasota, Florida, 34240 ("Assignee").

The above-referenced Assignor and Assignee may each be referred to as a "Party" and collectively referred to herein as the "Parties."

**II. THE ASSIGNMENT.** The Parties agree that under this Agreement, the Assignor shall assign, convey, and transfer all their interest in the following to the Assignee: $40,000 Promissory Note Agreement made between Gulf Coast Mercantile LLC ("Lender") and Recreatives Industries, Inc. ("Borrower", f/k/a Planet Resource Recovery Inc.) on November 23rd, 2021.

Herein after known as the "Assignment."

**III. TRANSFER.** The Parties agree that the Assignor is transfelring the Assignment to the Assignee for no payment or compensation. The Assignee's consideration shall be recognized as the undertaking of any liabilities or obligations as part of the Assignment.

**IV. LIABILITIES.** The Assignor hereby claims and warrants to hold the interest described in the Assignment and that it does not contain any lien(s), claim(s), or encumbrance(s).

**V. 3RD PARTY APPROVAL.** There is no 3rd party required for this Agreement to be in effect. The only requirement is for both Parties to place their authorized signature on the last page of this Agreement.

**VI. ASSUMPTION.** The Assignee acknowledges and agrees to assume the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with all terms, make all payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

**VII. PARTIES' REPRESENTATIONS.** The Assignee acknowledges that they have a full understanding of the Assignment and the terms of this Agreement. The Assignor further warrants that they own the rights transfelred in the Assignment and understand the terms of this Agreement. Both Parties agree to provide and complete any obligations under this Agreement or the Assignment.

**VIII. SEVERABILITY.** If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

**IX GOVERNING LAW.** This Agreement shall be governed under the laws located in the State of Florida.

**X. WAIVER.** The failure of either Party to enforce any provision of this Agreement shall not be deemed a waiver or limitation of that Party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

**XI. ENTIRE AGREEMENT.** This Agreement constitutes the entire Agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties.

---

| | | | |
|:---|:---|:---|:---|
| **Assignor Signature:** | ![(SIGNATURE)](re015_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | Gulf Coast Mercantile LLC |  |  |
| **Assignee Signature:** | ![(SIGNATURE)](re015_v1.jpg) | Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | ALGM Holdings LLC |  |  |

---

## Ex1A-6

**Exhibit 6-4(g)**

**STANDARD PROMISSORY NOTE**

**1. THE PARTIES.** On November 23 2021, Planet Resource Recovery Inc. of 6321 Porter Rd Ste 7, Sarasota, Florida, 34240 with Andrew Lapp acting as CEO, referred to as the "Borrower",

**HAS RECEIVED AND PROMISES TO PAY:**

One (1) individual known as Andrew Lapp of 2000 Misty Sunrise Trl, Sarasota, Florida, 34240, referred to as the "Lender", the sum of $75,075.00 US Dollars, referred to as the "Borrowed Money", with interest accruing on the unpaid balance at a rate of 18 percent (%) per annum, referred to as the "Interest Rate", beginning on November 23 2021 under the following terms and conditions:

**2. PAYMENTS.** The full balance of this Note, including any accrued interest and late fees, is due and payable on November 23 2024, referred to as the "Due Date". The Borrowed Money shall be repaid via installments every month in the following schedule:

The Borrowed Money shall be repaid in monthly installments on the Twenty-Third (23rd) of every month beginning on December 23 2021 with any remaining balance payable on the Due Date. Each payment due shall be for the amount of $2714.14.

In addition, money that is not paid by the Borrower on time for any installment will continue to be charged the Interest Rate stated in this Note.

**3. SECURITY.** There shall be no Security put forth by the Borrower in this promissory note.

**4. INTEREST DUE IN THE EVENT OF DEFAULT.** In the event the Borrower fails to pay the note in full on the Due Date, the unpaid principal shall accrue interest at the maximum rate allowed by law until the Borrower is no longer in default.

**5. ALLOCATION OF PAYMENTS.** Payments shall be first credited to any late fees due, then to interest due and any remainder will be credited to principal.

**6. PREPAYMENT.** Borrower may prepay this Note without penalty.

**7. ACCELERATION.** If the Borrower is in default under this Note or is in default under another provision of this Note, and such default is not cured within the minimum allotted time by law after written notice of such default, then Lender may, at its option, declare all outstanding sums owed on this Note to be immediately due and payable.

**8. ATTORNEYS' FEES AND COSTS.** Borrower shall pay all costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys' fees. If Lender or Borrower sues to enforce this Note or obtain a declaration of its rights hereunder, the prevailing party in any such proceeding shall be entitled to recover its reasonable attorneys' fees and costs incurred in the proceeding (including those incurred in any bankruptcy proceeding or appeal) from the non-prevailing party.

**9. WAIVER O F PRESENTMENTS.** Borrower waives presentment for payment, a notice of dishonor, protest, and notice of protest.

**10. NON-WAIVER.** No failure or delay by Lender in exercising Lender's rights under this Note shall be considered a waiver of such rights.

**11. SEVERABILITY.** In the event that any provision herein is determined to be void or unenforceable for any reason, such determination shall not affect the validity or enforceability of any other provision, all of which shall remain in full force and effect.

**12. INTEGRATION.** There are no verbal or other agreements that modify or affect the terms of this Note. This Note may not be modified or amended except by a written agreement signed by Borrower and Lender.

**13. CONFLICTING TERMS.** The terms of this Note shall have authority and precedence over any conflicting terms in any referenced agreement or document.

**14. NOTICE.** Any notices required or permitted to be given hereunder shall be given in writing and shall be delivered (a) in person, (b) by certified mail, postage prepaid, return receipt requested, (c) by facsimile, or (d) by a commercial overnight courier that guarantees next day delivery and provides a receipt, and such notices shall be made to the parties at the addresses listed below.

**15. GUARANTORS.** There shall be no person or entity, under the terms of this Note, that shall be responsible for the payment, late fees, and any accrued interest other than the Borrower.

**16. EXECUTION.** The Borrower executes this Note as a principal and not as a surety. If there is a Co-Signer, the Borrower and Co-Signer shall be jointly and severally liable under this Note.

**17. GOVERNING LAW.** This note shall be governed under the laws in the State of Florida.

With my signature below, I affirm that I have read and understood this promissory note.

---

| | | | |
|:---|:---|:---|:---|
| **Borrower's Signature:** | ![(SIGNATURE)](re010_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/23/2021 |
| Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO | Planet Resource Recovery Inc. with Andrew Lapp acting as CEO |
| **Lender's Signature:** | ![(SIGNATURE)](re010_v1.jpg) | Date: | 11 /23/2021 |
| Print Name: Andrew Lapp | Print Name: Andrew Lapp | Print Name: Andrew Lapp | Print Name: Andrew Lapp |

---

## Ex1A-6

**Exhibit 6-4(h)**

**LOAN ASSIGNMENT AGREEMENT**

**I. THE PARTIES.** This Assignment Agreement ("Agreement") is made on November 11 2023 ("Effective Date") by and between:

**Assignor:** One (1) individual(s) known as Andrew Lapp with a mailing address of 2000 Misty Sunrise Trl, Sarasota, Florida, 34240 ("Assignor"),

AND

**Assignee:** A business entity known as ALGM Holdings LLC with a mailing address of 2000 Misty Sunrise Trl, Sarasota, Florida, 34240 ("Assignee").

The above-referenced Assignor and Assignee may each be referred to as a "Party" and collectively referred to herein as the "Parties."

**II. THE ASSIGNMENT.** The Parties agree that under this Agreement, the Assignor shall assign, convey, and transfer all their interest in the following to the Assignee: $75,075 Promissory Note Agreement made between Andrew Lapp ("Lender") and Recreatives Industries, Inc. ("Borrower", f/k/a Planet Resource Recovery Inc.) on November 23rd, 2021.

Hereinafter known as the "Assignment."

**III. TRANSFER.** The Parties agree that the Assignor is transfelring the Assignment to the Assignee for no payment or compensation. The Assignee's consideration shall be recognized as the undertaking of any liabilities or obligations as part of the Assignment.

**IV. LIABILITIES.** The Assignor hereby claims and warrants to hold the interest described in the Assignment and that it does not contain any lien(s), claim(s), or encumbrance(s).

**V. 3RD PARTY APPROVAL.** There is no 3rd party required for this Agreement to be in effect. The only requirement is for both Parties to place their authorized signature on the last page of this Agreement.

**VI. ASSUMPTION.** The Assignee acknowledges and agrees to assume the transfer and ownership of all liabilities, obligations, and claims that currently exist or may in the future regarding the Assignment. As of the Effective Date, the Assignee agrees to comply with all terms, make all payments, and perform all the conditions, covenants, and any other duties as part of the Assignment.

**VII. PARTIES' REPRESENTATIONS.** The Assignee acknowledges that they have a full understanding of the Assignment and the terms of this Agreement. The Assignor further warrants that they own the rights transfelred in the Assignment and understand the terms of this Agreement. Both Parties agree to provide and complete any obligations under this Agreement or the Assignment.

**VIII. SEVERABILITY.** If any term, covenant, condition, or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remainder of the provisions shall remain in full force and effect and shall in no way be affected, impaired, or invalidated.

**IX GOVERNING LAW.** This Agreement shall be governed under the laws located in the State of Florida.

**X. WAIVER.** The failure of either Party to enforce any provision of this Agreement shall not be deemed a waiver or limitation of that Party's right to subsequently enforce and compel strict compliance with every provision of this Agreement.

**XI. ENTIRE AGREEMENT.** This Agreement constitutes the entire Agreement between the Parties. No modification or amendment of this Agreement shall be effective unless in writing and signed by both Parties.

---

| | | | |
|:---|:---|:---|:---|
| **Assignor Signature:** | ![(SIGNATURE)](re015_v1.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| **Assignee Signature:** | ![(SIGNATURE)](re015_v1.jpg) | Date: | 11/11/2023 |
| Print Name: | Andrew Lapp |  |  |
| Company Name: | ALGM Holdings LLC |  |  |

---

## Ex1A-6

**Exhibit 6-5(a)**

**CONVERTIBLE LOAN AGREEMENT**

THIS CONVERTIBLE LOAN AGREEMENT (the "Agreement") is made as of **November 11<sup>th</sup>, 2023** by and between Recreatives Industries, Inc., a corporation organized under the laws of the State of Nevada, USA, with registered offices located at 1936 59<sup>th</sup> Terrace E, Bradenton, FL 34203 (the "Corporation"), and Ryan Stoller, a natural person, located at 8801 Gator Creek Drive, Sarasota, FL 34241.

Ryan Stoller (the "INVESTOR").

In consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), INVESTOR hereby grants to the Corporation a convertible loan in the principal amount of **$100,000** in lawful currency of USA (the "Principal Amount"), which the Corporation hereby acknowledge having received, the whole in accordance with the following terms and conditions:

**1. Maturity Date** – Subject to Sections 3 and 10, unless a conversion under Section 9 or an Event of Default (as defined below) has occurred prior to this time, the Principal Amount, together with any accrued and unpaid interest on such Principal Amount (together, the "Indebtedness"), will be due and payable in full by **November 11<sup>th</sup>, 2024** (the "Maturity Date").

**2. Origination Fee** – No origination fee applies to this loan agreement.

**3. Interest** – Subject to Section 3, the Principal Amount, together with any past due and unpaid interest, will bear a 18% interest rate accruing annually, calculated monthly and compounded monthly, from the date hereof until payment in full has been received by INVESTOR, including without limitation before and after maturity, default or judgment.

**4. Extension** – If the Corporation and INVESTOR both agree to do so in writing, the Maturity Date may be extended by a period not to exceed 24 months from the original Maturity Date (the "Extension Period"). In the event that the Maturity Date is so extended, the interest rate shall not be increased.

**5. Use of Proceeds** – The Corporation will use the Principal Amount for the following purposes only: purchasing of inventory for the production of MAX vehicles and general working capital.

**6. Security** – The Corporation's loan obligations under this Loan Agreement will rank in priority to all other unsecured indebtedness of the Corporation.

**7. Representations and Warranties** – To induce INVESTOR to advance the Principal Amount to the Corporation, the Corporation represents and warrants the following to INVESTOR as of the date of this Loan Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Corporation has been duly incorporated and is validly existing under the (the "Corporation Act") and has not been discontinued under the Corporation Act or been dissolved and is in good standing with respect to the filing of annual reports with the Director of Industry for the Corporation Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Corporation has all requisite corporate power and capacity to own its property and assets and to carry on its business as now being conducted by it and enter into and deliver this Loan Agreement, and the Investor Rights Agreement dated the date hereof granting INVESTOR pre-emptive rights (the "Investor Rights Agreement" and together with the Loan Agreement , the "Transaction Documents"), and to perform its obligations under each of these documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Corporation has acquired all material licenses, registrations, authorizations, permits, approvals and consents necessary to carry on its business and such licenses, registrations, authorizations, permits, approvals and consents are in good standing, and the Corporation is conducting its business in compliance in all material respects with all applicable laws, rules and regulations of each jurisdiction in which its business is carried on;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each of the Transaction Documents, when executed and delivered, will constitute a legal, valid and binding obligation of the Corporation enforceable against the Corporation in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and equitable principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) neither the execution and delivery of the Transaction Documents, compliance with the terms, conditions and provisions of the Transaction Documents, will conflict with, accelerate the terms of or result in a breach of any of the terms, conditions or 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) any agreement, instrument or arrangement to which the Corporation is now a party or by which it is or may be bound, or constitute a default thereunder;

&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) any judgment or order, writ, injunction or decree of any court; 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;(iii) any applicable law, regulation or regulatory policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) this Loan Agreement (and the conversion rights granted therein) complies with all applicable securities laws and INVESTOR will hold all of its rights, title and interest therein (including its conversion rights) free and clear of all pre-emptive rights, hypothecs, mortgages, liens, charges, security interests, adverse claims, pledges and demands whatsoever arising by reason of the acts or omissions of the Corporation, other than the resale restrictions imposed by applicable securities laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the capitalization table attached to the conditional funding offer made by INVESTOR and accepted by the Corporation set forth all of the issued and outstanding shares of the capital of the Corporation as well as all issued and outstanding options, warrants, securities and other rights to purchase shares of the capital of the Corporation as of the date hereof.

8. The occurrence of any of the following events shall constitute an "Event of Default" under this note:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If default occurs in payment when due of any indebtedness and such default continues for a period of 5 days following written notice specifying the same by the INVESTOR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if default occurs in performance of any other material covenant of the Corporation under this Note or Investor Rights Agreement and such default continues for period of 10 days following written notice specifying the same by the INVESTOR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if (i) the Corporation commits an act of bankruptcy or becomes insolvent within the meaning of any bankruptcy or insolvency legislation applicable to it or files an assignment in bankruptcy (ii) a petition or other process for the bankruptcy of the Corporation is filed or instituted and remains undismissed or unstayed for a period of at least 30 days or any relief sought in such proceedings shall occur.

Upon the occurrence of any Event of Default, all Indebtedness shall at the option of the INVESTOR and by notice in writing to the Corporation become forthwith due and payable and all of the rights and remedies conferred in respect of the Note shall become immediately enforceable.

**9. Indemnity and Costs** – INVESTOR is relying on the representations, warranties and covenants contained in this Loan Agreement. The Corporation agrees to indemnify and save INVESTOR harmless from and against all losses, damages, costs, or expenses, including legal costs as between a solicitor and his own client, suffered or incurred by INVESTOR as a result of or in connection with any of those representations, warranties or covenants being incorrect or breached. The Corporation will also pay or reimburse the reasonable legal fees, disbursements and out of pocket costs (including any applicable taxes thereon) incurred by or for the account of INVESTOR (i) in connection with the preparation of this Loan Agreement, and the transactions contemplated in this Loan Agreement and (ii) in pursuing its remedies against the Corporation in the event the Corporation defaults on any payment owing under this Loan Agreement.

**10. Conversion**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In this Section 9:

"Conversion Price" means 0.06 :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the case of a Significant Financing (defined below), the lower of: (A) the lowest price paid per Significant Financing Security (defined below); and (B) the Capped Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Change of Control (defined below), the lower of: (A) the price per share of the Corporation based on the valuation given in connection with the event triggering the Change of Control; and (B) the Capped Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of a Discretionary Conversion (defined below), the lower of: (A) the price per share of the Corporation paid to the Corporation for Securities (defined below) at the last external financing (i.e. a financing where such Securities were issued which includes investors other than the current directors, officers and employees of the Corporation) completed after the date of this Loan Agreement; and (B) the Capped Price, however where no external financing has occurred after the date of this Loan Agreement, the price will be the Capped Price;

"Capped Price" means the pre-money price per share of the Corporation, which is capped at One Hundred and Fifty Thousand Dollars ($150,000).

"Discount" means a discount of 0% to the Conversion Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Indebtedness may be converted at INVESTOR's option upon any of the following events (each a "Potential Conversion Event") and on the terms set out in this Section 9:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the Corporation completes a private placement of equity securities of the Corporation (such securities or units of securities are referred to as the "Significant Financing Securities") for gross proceeds of at least $500,000 (which does not include any Indebtedness converted pursuant to this Loan Agreement) (a "Significant Financing") then unless INVESTOR provides a notice to the Corporation that it does not wish to convert the Indebtedness (as set out in Subsection 9(d)), concurrent with the closing of such Significant Financing all of the Indebtedness will be automatically and concurrently converted into Significant Financing Securities at a price equal to the applicable Conversion Price less the Discount and otherwise on the same terms and conditions as the investors under the Significant Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Upon an amalgamation, merger or reorganization of the Corporation, a Sale of Control, initial public offering of equity securities of the Corporation or a sale of all or substantially all of the Corporation's assets or undertaking, other than as part of an internal amalgamation, merger or reorganization which does not involve persons who are not shareholders or wholly owned subsidiaries of the Corporation (each a "Change of Control"), unless INVESTOR provides a notice to the Corporation that it does not wish to convert the Indebtedness (as set out in Subsection 9(d)), concurrent with the closing of such Change of Control all of the Indebtedness will be automatically and concurrently converted into common shares of the Corporation outstanding immediately prior to the Change of Control (the "Change of Control Securities"), at a price equal to the applicable Conversion Price less the Discount, where "Sale of Control" means any event after which a person, together with his or its "associates" and "affiliates", holds, directly or indirectly, legally or beneficially, shares of the Corporation carrying more than 50% of the votes capable of being cast at a general meeting of the shareholders of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Indebtedness may also be converted at INVESTOR's sole option on the terms set out in this Section 9 if at any time prior to the Maturity Date, INVESTOR has provided the Corporation with written notice that it wishes to convert its Indebtedness into equity securities (a "Discretionary Conversion"), then on the date specified in such notice (which must not be beyond the Maturity Date) (the "Discretionary Conversion Date") all of the Indebtedness will be automatically converted into common shares of the Corporation outstanding at the Discretionary Conversion Date (the "Securities"), at a price equal to the applicable Conversion Price less the Discount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Corporation shall provide INVESTOR with notice of any Potential Conversion Event at least 15 business days prior to the closing of such Potential Conversion Event. Upon receipt of such notice, INVESTOR shall have 12 business days to notify the Corporation in writing if it does not wish to convert the Indebtedness. In the event INVESTOR delivers such notice to the Corporation as set out above the Corporation will have the right to either keep the Loan outstanding in its current form, or prepay the Loan as set out in Section 10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Upon conversion of the Indebtedness, the Corporation will promptly deliver to INVESTOR a certificate representing the Significant Financing Securities, Change of Control Securities or Securities, as applicable, and, in the case of a Significant Financing or Change of Control, such other documents as purchasers under the Significant Financing or Change of Control, as applicable, are entitled to receive in connection therewith including, but not limited to, an opinion of counsel satisfactory to INVESTOR, acting reasonably, to the effect that such securities are duly and validly issued, fully paid and non-assessable, free from pre-emptive rights, and issued in compliance with applicable securities laws. The Corporation will cover all legal fees associated with such conversion including but not limited to the reasonable legal fees of INVESTOR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the case of a Significant Financing, conversion shall be mandatory in the case that INVESTOR is a participating investor in the Significant Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No fractional securities shall be issued and if the conversion provided for in this Section 9 would result in INVESTOR being entitled to receive a fraction of a security, the Corporation shall instead issue upon the conversion the next lesser whole number of securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notwithstanding anything to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) unless INVESTOR has notified the Corporation that it does not wish to convert its Indebtedness, upon the issuance of the Significant Financing Securities or the Change of Control Securities to INVESTOR pursuant to Subsection 9(b), INVESTOR shall be treated for all purposes as the record holder of such securities as of the date of the closing of the Significant Financing or Change of Control, as applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Discretionary Conversion, upon the issuance of the Securities to INVESTOR pursuant to Subsection 9(c), INVESTOR shall be treated for all purposes as the record holder of such securities as of the Discretionary Conversion Date, and in each case this Loan Agreement shall be deemed to be cancelled and the Corporation shall have no further obligation to pay INVESTOR under this Loan Agreement.

**11. Prepayment** – Except as otherwise set out in this Section 10, the Corporation does not have the right to prepay the Indebtedness without the prior written consent of INVESTOR. If, upon a Potential Conversion Event, INVESTOR does not convert the Indebtedness, the Corporation may, concurrent with the closing of the Potential Conversion Event, choose, in its sole discretion, to prepay all Indebtedness owing under this Loan Agreement on the date of the Conversion Event. In the event the Indebtedness is not prepaid as set out above, it will remain in full force and effect on the terms set out herein.

**12. INVESTOR's Non-Waiver of Rights** – Failure of INVESTOR to enforce any of its rights or remedies under this Loan Agreement will not constitute a waiver of the rights of INVESTOR to later enforce such rights and remedies. No waiver will be effective unless it is in writing and specifically references the provision in this Loan Agreement to which such waiver relates.

**13. Corporation's Waiver** – The Corporation waives demand and presentment for payment, notice of non-payment, protest and notice of protest of this Loan Agreement.

**14. Time of the Essence** – Time will be of the essence in this Loan Agreement and no extension or variation of this Loan Agreement will operate as a waiver of this provision.

**15. Enurement** – This Loan Agreement will enure to the benefit of and be binding upon the parties and their respective successors and assigns; it being understood and agreed that the Corporation shall not have the right to assign this Loan Agreement, nor any of its rights or obligations hereunder, without the prior written consent of INVESTOR, acting in its sole discretion.

**16. Governing Law** – This Loan Agreement (and any transactions, documents, instruments or other agreements contemplated in this Loan Agreement) will be construed and governed exclusively by the laws in force in Florida and the laws of the United States applicable therein, and the courts of Florida will have exclusive jurisdiction to hear and determine all disputes arising hereunder. The undersigned irrevocably attorns to the jurisdiction of said courts and consents to the commencement of proceedings in such courts. This provision will not, however, be construed to impair the rights of INVESTOR to enforce a judgment or award outside said province, including the right to record and enforce a judgment or award in any other jurisdiction.

**17. Severability** – If any provision of this Loan Agreement is determined to be invalid or unenforceable by a court of competent jurisdiction from which no further appeal lies or is taken, that provision will be deemed to be severed from this Loan Agreement, and the remaining provisions of this Loan Agreement will not be affected because of that and will remain valid and enforceable.

**18. Further Acts** – Each of the parties shall at the request of the other party, and at the expense of the Corporation, execute and deliver any further documents and do all acts and things as that party may reasonably require in order to carry out the true intent and meaning of this Loan Agreement.

**19. Amendments** – No term or provision hereof may be amended except by an instrument in writing signed by all of the parties to this Loan Agreement.

**20. Counterparts** – This Loan Agreement may be executed in counterpart and such counterparts together will constitute a single instrument. Delivery of an executed counterpart of this Loan Agreement by electronic means, including by facsimile transmission or by electronic delivery in portable document format (".pdf"), will be equally effective as delivery of a manually executed counterpart hereof. The parties acknowledge and agree that in any legal proceedings between them respecting or in any way relating to this Loan Agreement, each waives the right to raise any defense based on the execution hereof in counterparts or the delivery of such executed counterparts by electronic means.

IN WITNESS WHEREOF the undersigned have executed and delivered this Loan Agreement as of November 11<sup>th</sup>, 2023.

---

| | | | |
|:---|:---|:---|:---|
| Recreatives Industries, Inc. | Recreatives Industries, Inc. | | |
| Per: | ![(SIGNATURE)](re016_v1.jpg) | Per: | ![(SIGNATURE)](re017_v1.jpg) |
| Andrew Lapp, CEO | Andrew Lapp, CEO | Ryan Stoller | Ryan Stoller |
| 11/13/2023 | 11/13/2023 | 11/13/2023 | 11/13/2023 |

---

## Ex1A-6

**Exhibit 6-5(b)**

**NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.**

---

| | | |
|:---|:---|:---|
| **Principal Amount:** | **$18500.00** | **Issue Date: January 24, 2023** |
| **Purchase Price:** | **$18500.00** |  |

---

**<u>CONVERTIBLE PROMISSORY NOTE</u>**

**FOR VALUE RECEIVED, Planet Resource Recovery, Inc., a Nevada** corporation (hereinafter called the "Borrower"), hereby promises to pay to the order of **Miroslav Zecevic,** a Corporation or registered assigns (the "Holder") the sum of **$18,500.00** together with any interest as set forth herein, on **January 24, 2024** (the "Maturity Date"), and to pay interest on the unpaid principal balance hereof at the rate of eight percent (8%) (the "Interest Rate") per annum from the date hereof (the "Issue Date") until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the date that the Note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock at or below $0.0001 per share (the "Common Stock") in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally issued (the "Purchase Agreement").

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

The following terms shall apply to this Note:

**ARTICLE I. CONVERSION RIGHTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 <u>Conversion Right.</u>** The Holder shall have the right from time to time, and at any time during the period beginning on the date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount (as defined in Article III), each in respect of the remaining outstanding principal amount of this Note to convert all or any part of the outstanding and unpaid principal amount of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the "Conversion Price") determined as provided herein (a "Conversion"); <u>provided, however,</u> that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 9.99% of the outstanding shares of Common Stock. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. <u>The beneficial ownership limitations on conversion as set forth in the section may NOT be waived by the Holder.</u> The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the "Notice of Conversion"), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the "Conversion Date"); however, if the Notice of Conversion is sent after 6:00 pm, New York, New York time the Conversion Date shall be the next business day. The term "Conversion Amount" means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion <u>plus</u> (2) at the Holder's option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date, <u>plus</u> (3) at the Holder's option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2) <u>plus</u> (4) at the Holder's option, any amounts owed to the Holder pursuant to Sections 1.4 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 <u>Conversion Price.</u>** The conversion price (the "Conversion Price") shall equal the lower of the Variable Conversion Price (as defined herein, subject to equitable adjustments by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events) and the Capped Price (as defined herein). The "Variable Conversion Price" shall mean 61% multiplied by the Market Price (as defined herein) (representing a discount rate of 39%). "Capped Price" shall equal $0.0001. "Market Price" means the average of the lowest two Trading Prices (as defined below) for the Common Stock during the twelve (12) Trading Day periods ending on the latest complete Trading Day prior to the Conversion Date. "Trading Price" means, for any security as of any date, the closing bid price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market (the "OTC") as reported by a reliable reporting service ("Reporting Service") designated by the Holder (i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the "pink sheets". If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. "Trading Day" shall mean any day on which the Common Stock is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3 <u>Authorized Shares.</u>** The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have authorized and reserved six times the number of shares that would be issuable upon full conversion of the Note (assuming that the 9.99% limitation set forth in Section 1.1 is not in effect)(based on the respective Conversion Price of the Note (as defined in Section 1.2) in effect from time to time, initially 35,000,000)(the "Reserved Amount"). The Reserved Amount shall be increased from time to time in accordance with the Borrower's obligations hereunder. The Borrower represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of the outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

If, at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.4 <u>Method of Conversion.</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;<u>(a)</u> <u>Mechanics of Conversion.</u> As set forth in Section 1.1 hereof, from time to time, and at any time during the period beginning on the date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount, this Note may be converted by the Holder in whole or in part at any time from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts owed 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;<u>(b)</u> <u>Surrender of Note Upon Conversion.</u> Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Delivery of Common Stock Upon Conversion.</u> Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the "Deadline") (and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof and the Purchase Agreement. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations hereunder, all rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the Holder shall have given a Notice of Conversion as provided herein, the Borrower's obligation to issue and deliver the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the Holder in connection with such conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Delivery of Common Stock by Electronic Transfer.</u> In lieu of delivering physical certificates representing the Common Stock issuable upon conversion, provided the Borrower is participating in the Depository Trust Company ("DTC") Fast Automated Securities Transfer ("FAST") program, upon request of the Holder and its compliance with the provisions set forth herein, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the account of Holder's Prime Broker with DTC through its Deposit Withdrawal Agent Commission ("DWAC") system.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Failure to Deliver Common Stock Prior to Deadline.</u> Without in any way limiting the Holder's right to pursue other remedies, including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note is not delivered by the Deadline due to action and/or inaction of the Borrower, the Borrower shall pay to the Holder $100 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock (the "Fail to Deliver Fee"); provided; however that the Fail to Deliver Fee shall not be due if the failure is a result of a third party (i.e., transfer agent; and not the result of any failure to pay such transfer agent) despite the best efforts of the Borrower to effect delivery of such Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, and interference with such conversion right are difficult if not impossible to qualify. Accordingly, the parties acknowledge that the liquidated damages provision contained in this Section 1.4(e) are justified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.5 <u>Concerning the Shares.</u>** The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless: (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration (such as Rule 144 or a successor rule) ("Rule 144"); or (iii) such shares are transferred to an "affiliate" (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement).

Any restrictive legend on certificates representing shares of Common Stock issuable upon conversion of this Note shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer agent shall have received an opinion of counsel from Holder's counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected; or (ii) in the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration statement filed under the Act; or otherwise may be sold pursuant to an exemption from registration. In the event that the Company does not reasonably accept the opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to an exemption from registration (such as Rule 144), at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.6 <u>Effect of Certain Events.</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;<u>(a)</u> <u>Effect of Merger, Consolidation, Etc.</u> At the option of the Holder, the sale, conveyance or disposition of all or substantially all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III). "Person" shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Adjustment Due to Merger, Consolidation, Etc.</u> If, at any time when this Note is issued and outstanding and prior to conversion of all of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, ten (10) days prior written notice (but in any event at least five (5) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

&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>Adjustment Due to Distribution.</u> If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.7 <u>Prepayment.</u>** Notwithstanding anything to the contrary contained in this Note, at any time during the periods set forth on the table immediately following this paragraph (the "Prepayment Periods"), the Borrower shall have the right, exercisable on not more than three (3) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full, in accordance with this Section 1.7. Any notice of prepayment hereunder (an "Optional Prepayment Notice") shall be delivered to the Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the "Optional Prepayment Date"), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the Holder in a writing to the Borrower (which shall direction to be sent to Borrower by the Holder at least one (1) business day prior to the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the Holder of an amount in cash equal to the percentage ("Prepayment Percentage") as set forth in the table immediately following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then outstanding principal amount of this Note <u>plus</u> (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment Date <u>plus</u> (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) <u>plus</u> (z) any amounts owed to the Holder pursuant to Section 1.4 hereof (the "Optional Prepayment Amount"). If the Borrower delivers an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section 1.7.

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| | |
|:---|:---|
| &nbsp;&nbsp;**Prepayment Period** | &nbsp;&nbsp;**Prepayment <br> Percentage** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The period beginning on the Issue Date and ending on the date which is thirty (30) days following the Issue Date. | &nbsp;&nbsp;113% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The period beginning on the date which is thirty-one (31) days following the Issue Date and ending on the date which is sixty (60) days following the Issue Date. | &nbsp;&nbsp;118% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The period beginning on the date which is sixty-one (61) days following the Issue Date and ending on the date which is ninety (90) days following the Issue Date. | &nbsp;&nbsp;123% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The period beginning on the date that is ninety-one (91) day from the Issue Date and ending one hundred twenty (120) days following the Issue Date. | &nbsp;&nbsp;128% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The period beginning on the date that is one hundred twenty-one (121) day from the Issue Date and ending one hundred fifty (150) days following the Issue Date. | &nbsp;&nbsp;133% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The period beginning on the date that is one hundred fifty-one (151) day from the Issue Date and ending one hundred eighty (180) days following the Issue Date. | &nbsp;&nbsp;138% |

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After the expiration of one hundred eighty (180) days following the Issue Date, the Borrower shall have no right of prepayment.

**ARTICLE II. CERTAIN COVENANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1 <u>Sale of Assets.</u>** So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

**ARTICLE III. EVENTS OF DEFAULT**

If any of the following events of default (each, an "Event of Default") shall occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 <u>Failure to Pay Principal and Interest.</u>** The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 <u>Conversion and the Shares.</u>** The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed, hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder advances any funds to the Borrower's transfer agent in order to process a conversion, such advanced funds shall be paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 <u>Breach of Covenants.</u>** The Borrower breaches any material covenant or other material term or condition contained in this Note and any collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of twenty (20) days after written notice thereof to the Borrower from the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4 <u>Breach of Representations and Warranties.</u>** Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate given *in* writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5 <u>Receiver or Trustee.</u>** The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.6 <u>Bankruptcy.</u>** Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.7 <u>Delisting of Common Stock.</u>** The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC (which specifically includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange, the Nasdaq National Market, the Nasdaq Small Cap Market, the New York Stock Exchange, or the American Stock Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.8 <u>Failure to Comply with the Exchange Act,</u>** The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.9 <u>Liquidation.</u>** Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.10 <u>Cessation of Operations.</u>** Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.11 <u>Financial Statement Restatement.</u>** The restatement of any financial statements filed by the Borrower with the SEC at any time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.12 <u>Replacement of Transfer Agent.</u>** In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.13 <u>Cross-Default.</u>** Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under this Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. "Other Agreements" means, collectively, all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term "Other Agreements" shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing and future debt of Borrower to the Holder.

Upon the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to Section 1.7 or upon acceleration), 3.3, 3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14 exercisable through the delivery of written notice to the Borrower by such Holders (the "Default Notice"), and upon the occurrence of an Event of Default specified the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% <u>times</u> the sum of (w) the then outstanding principal amount of this Note <u>plus</u> (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the "Mandatory Prepayment Date") <u>plus</u> (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) <u>plus</u> (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment <u>plus</u> the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the "Default Sum") or (ii) the "parity value" of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion of or otherwise pursuant to such Default Sum in accordance with Article I, treating the Trading Day immediately preceding the Mandatory Prepayment Date as the "Conversion Date" for purposes of determining the lowest applicable Conversion Price, unless the Default Event arises as a result of a breach in respect of a specific Conversion Date in which case such Conversion Date shall be the Conversion Date), <u>multiplied by</u> (b) the highest Closing Price for the Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the "Default Amount") and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

If the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.

**ARTICLE IV. MISCELLANEOUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1 <u>Failure or Indulgence Not Waiver.</u>** No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2 <u>Notices.</u>** All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

---

| | |
|:---|:---|
| If to the Borrower, to: |  |
| **Planet Resource Recovery, Inc.** | If to the Holder: |
| 6321 Porter Road, Suite 7 | **MIROSLAV ZECEVIC** |
| Sarasota, FL 34240 | 500 S Australian Ave, Suite 600 |
|  | West Palm Beach, FL 33401 |

---

With a copy by fax only to (which copy shall not constitute notice):

---

| |
|:---|
| **Donald R. Keer, P.E., Esq.** |
| 3663 Greenwood Circle |
| Chalfont, PA 18914 |
| 215-962-937 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 <u>Amendments.</u>** This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term "Note" and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so amended or supplemented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4 <u>Assignability.</u>** This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and its successors and assigns. Each transferee of this Note must be an "accredited investor" (as defined in Rule 501(a) of the Securities and Exchange Commission). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection with a bona fide margin account or other lending arrangement; and may be assigned by the Holder without the consent of the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5 <u>Cost of Collection.</u>** If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection, including reasonable attorneys' fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.6 <u>Governing Law.</u>** This Note shall be governed by and construed in accordance with the laws of the State of Delaware without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note shall be brought only in the state courts of New York or in the federal courts located in the state and county of Nassau. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon *forum non-convenience.* The Borrower and Holder waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform to such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Note, any agreement or any other document delivered in connection with this Note 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 law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.7 <u>Purchase Agreement.</u>** By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.8 <u>Remedies.</u>** The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any bond or other security being required.

IN WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this on January 24, 2023.

Planet Resource Recovery, Inc.

---

| | |
|:---|:---|
| By: | ![(SIGNATURE)](re010_v1.jpg) |
| **Andrew Lapp** | **Andrew Lapp** |
| Chief Executive Officer | Chief Executive Officer |

---

## Ex1A-6

**Exhibit 6-5(c)**

**NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.**

---

| | | |
|:---|:---|:---|
| **Principal Amount:** | **$18500.00** | **Issue Date: January 24, 2023** |
| **Purchase Price:** | **$18500.00** |  |

---

**<u>CONVERTIBLE PROMISSORY NOTE</u>**

**FOR VALUE RECEIVED, Planet Resource Recovery, Inc., a Nevada** corporation (hereinafter called the "Borrower"), hereby promises to pay to the order of **Emry Capital,** a Corporation or registered assigns (the "Holder") the sum of **$18,500.00** together with any interest as set forth herein, on **January 24, 2024** (the "Maturity Date"), and to pay interest on the unpaid principal balance hereof at the rate of eight percent (8%) (the "Interest Rate") per annum from the date hereof (the "Issue Date") until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. This Note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the date that the Note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder (to the extent not converted into common stock at or below $0.0001 per share (the "Common Stock") in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Each capitalized term used herein, and not otherwise defined, shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated the date hereof, pursuant to which this Note was originally issued (the "Purchase Agreement").

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

The following terms shall apply to this Note:

**ARTICLE I. CONVERSION RIGHTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 <u>Conversion Right.</u>** The Holder shall have the right from time to time, and at any time during the period beginning on the date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount (as defined in Article III), each in respect of the remaining outstanding principal amount of this Note to convert all or any part of the outstanding and unpaid principal amount of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price (the "Conversion Price") determined as provided herein (a "Conversion"); <u>provided, however,</u> that in no event shall the Holder be entitled to convert any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common Stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 9.99% of the outstanding shares of Common Stock. For purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Regulations 13D-G thereunder, except as otherwise provided in clause (1) of such proviso. <u>The beneficial ownership limitations on conversion as set forth in the section may NOT be waived by the Holder.</u> The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the "Notice of Conversion"), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the "Conversion Date"); however, if the Notice of Conversion is sent after 6:00 pm, New York, New York time the Conversion Date shall be the next business day. The term "Conversion Amount" means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion <u>plus</u> (2) at the Holder's option, accrued and unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date, <u>plus</u> (3) at the Holder's option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2) <u>plus</u> (4) at the Holder's option, any amounts owed to the Holder pursuant to Sections 1.4 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 <u>Conversion Price.</u>** The conversion price (the "Conversion Price") shall equal the lower of the Variable Conversion Price (as defined herein, subject to equitable adjustments by the Borrower relating to the Borrower's securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events) and the Capped Price (as defined herein). The "Variable Conversion Price" shall mean 61% multiplied by the Market Price (as defined herein) (representing a discount rate of 39%). "Capped Price" shall equal $0.0001. "Market Price" means the average of the lowest two Trading Prices (as defined below) for the Common Stock during the twelve (12) Trading Day periods ending on the latest complete Trading Day prior to the Conversion Date. "Trading Price" means, for any security as of any date, the closing bid price on the OTCQB, OTCQX, Pink Sheets electronic quotation system or applicable trading market (the "OTC") as reported by a reliable reporting service ("Reporting Service") designated by the Holder (i.e. Bloomberg) or, if the OTC is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the "pink sheets". If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such Notes. "Trading Day" shall mean any day on which the Common Stock is tradable for any period on the OTC, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3 <u>Authorized Shares.</u>** The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have authorized and reserved six times the number of shares that would be issuable upon full conversion of the Note (assuming that the 9.99% limitation set forth in Section 1.1 is not in effect)(based on the respective Conversion Price of the Note (as defined in Section 1.2) in effect from time to time, initially 35,000,000)(the "Reserved Amount"). The Reserved Amount shall be increased from time to time in accordance with the Borrower's obligations hereunder. The Borrower represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower shall issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights, for conversion of the outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

If, at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.4 <u>Method of Conversion.</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;<u>(a)</u> <u>Mechanics of Conversion.</u> As set forth in Section 1.1 hereof, from time to time, and at any time during the period beginning on the date which is one hundred eighty (180) days following the date of this Note and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount, this Note may be converted by the Holder in whole or in part at any time from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts owed 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;<u>(b)</u> <u>Surrender of Note Upon Conversion.</u> Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(c)</u> <u>Delivery of Common Stock Upon Conversion.</u> Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the "Deadline") (and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof and the Purchase Agreement. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations hereunder, all rights with respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion. If the Holder shall have given a Notice of Conversion as provided herein, the Borrower's obligation to issue and deliver the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower to the Holder in connection with such conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(d)</u> <u>Delivery of Common Stock by Electronic Transfer.</u> In lieu of delivering physical certificates representing the Common Stock issuable upon conversion, provided the Borrower is participating in the Depository Trust Company ("DTC") Fast Automated Securities Transfer ("FAST") program, upon request of the Holder and its compliance with the provisions set forth herein, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the account of Holder's Prime Broker with DTC through its Deposit Withdrawal Agent Commission ("DWAC") system.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(e)</u> <u>Failure to Deliver Common Stock Prior to Deadline.</u> Without in any way limiting the Holder's right to pursue other remedies, including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of this Note is not delivered by the Deadline due to action and/or inaction of the Borrower, the Borrower shall pay to the Holder $100 per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock (the "Fail to Deliver Fee"); provided; however that the Fail to Deliver Fee shall not be due if the failure is a result of a third party (i.e., transfer agent; and not the result of any failure to pay such transfer agent) despite the best efforts of the Borrower to effect delivery of such Common Stock. Such cash amount shall be paid to Holder by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written notice to the Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional principal amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that the right to convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, and interference with such conversion right are difficult if not impossible to qualify. Accordingly, the parties acknowledge that the liquidated damages provision contained in this Section 1.4(e) are justified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.5 <u>Concerning the Shares.</u>** The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless: (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption from such registration (such as Rule 144 or a successor rule) ("Rule 144"); or (iii) such shares are transferred to an "affiliate" (as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined in the Purchase Agreement).

Any restrictive legend on certificates representing shares of Common Stock issuable upon conversion of this Note shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer agent shall have received an opinion of counsel from Holder's counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration under the Act, which opinion shall be accepted by the Company so that the sale or transfer is effected; or (ii) in the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration statement filed under the Act; or otherwise may be sold pursuant to an exemption from registration. In the event that the Company does not reasonably accept the opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to an exemption from registration (such as Rule 144), at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.6 <u>Effect of Certain Events.</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;<u>(a)</u> <u>Effect of Merger, Consolidation, Etc.</u> At the option of the Holder, the sale, conveyance or disposition of all or substantially all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article III). "Person" shall mean any individual, corporation, limited liability company, partnership, association, trust or other entity or organization.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(b)</u> <u>Adjustment Due to Merger, Consolidation, Etc.</u> If, at any time when this Note is issued and outstanding and prior to conversion of all of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, ten (10) days prior written notice (but in any event at least five (5) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

&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>Adjustment Due to Distribution.</u> If the Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution to the Borrower's shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off)) (a "Distribution"), then the Holder of this Note shall be entitled, upon any conversion of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.7 <u>Prepayment.</u>** Notwithstanding anything to the contrary contained in this Note, at any time during the periods set forth on the table immediately following this paragraph (the "Prepayment Periods"), the Borrower shall have the right, exercisable on not more than three (3) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full, in accordance with this Section 1.7. Any notice of prepayment hereunder (an "Optional Prepayment Notice") shall be delivered to the Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the "Optional Prepayment Date"), the Borrower shall make payment of the Optional Prepayment Amount (as defined below) to Holder, or upon the direction of the Holder as specified by the Holder in a writing to the Borrower (which shall direction to be sent to Borrower by the Holder at least one (1) business day prior to the Optional Prepayment Date). If the Borrower exercises its right to prepay the Note, the Borrower shall make payment to the Holder of an amount in cash equal to the percentage ("Prepayment Percentage") as set forth in the table immediately following this paragraph opposite the applicable Prepayment Period, multiplied by the sum of: (w) the then outstanding principal amount of this Note <u>plus</u> (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment Date <u>plus</u> (y) Default Interest, if any, on the amounts referred to in clauses (w) and (x) <u>plus</u> (z) any amounts owed to the Holder pursuant to Section 1.4 hereof (the "Optional Prepayment Amount"). If the Borrower delivers an Optional Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section 1.7.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Prepayment Period** | &nbsp;&nbsp;**Prepayment <br> Percentage** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The period beginning on the Issue Date and ending on the date which is thirty (30) days following the Issue Date. | &nbsp;&nbsp;113% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The period beginning on the date which is thirty-one (31) days following the Issue Date and ending on the date which is sixty (60) days following the Issue Date. | &nbsp;&nbsp;118% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. The period beginning on the date which is sixty-one (61) days following the Issue Date and ending on the date which is ninety (90) days following the Issue Date. | &nbsp;&nbsp;123% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The period beginning on the date that is ninety-one (91) day from the Issue Date and ending one hundred twenty (120) days following the Issue Date. | &nbsp;&nbsp;128% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The period beginning on the date that is one hundred twenty-one (121) day from the Issue Date and ending one hundred fifty (150) days following the Issue Date. | &nbsp;&nbsp;133% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The period beginning on the date that is one hundred fifty-one (151) day from the Issue Date and ending one hundred eighty (180) days following the Issue Date. | &nbsp;&nbsp;138% |

---

After the expiration of one hundred eighty (180) days following the Issue Date, the Borrower shall have no right of prepayment.

**ARTICLE II. CERTAIN COVENANTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1 <u>Sale of Assets.</u>** So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder's written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business. Any consent to the disposition of any assets may be conditioned on a specified use of the proceeds of disposition.

**ARTICLE III. EVENTS OF DEFAULT**

If any of the following events of default (each, an "Event of Default") shall occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 <u>Failure to Pay Principal and Interest.</u>** The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 <u>Conversion and the Shares.</u>** The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three (3) business days after the Holder shall have delivered a Notice of Conversion. It is an obligation of the Borrower to remain current in its obligations to its transfer agent. It shall be an event of default of this Note, if a conversion of this Note is delayed, hindered or frustrated due to a balance owed by the Borrower to its transfer agent. If at the option of the Holder, the Holder advances any funds to the Borrower's transfer agent in order to process a conversion, such advanced funds shall be paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 <u>Breach of Covenants.</u>** The Borrower breaches any material covenant or other material term or condition contained in this Note and any collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of twenty (20) days after written notice thereof to the Borrower from the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4 <u>Breach of Representations and Warranties.</u>** Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate given *in* writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5 <u>Receiver or Trustee.</u>** The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.6 <u>Bankruptcy.</u>** Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.7 <u>Delisting of Common Stock.</u>** The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC (which specifically includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange, the Nasdaq National Market, the Nasdaq Small Cap Market, the New York Stock Exchange, or the American Stock Exchange.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.8 <u>Failure to Comply with the Exchange Act,</u>** The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.9 <u>Liquidation.</u>** Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.10 <u>Cessation of Operations.</u>** Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower's ability to continue as a "going concern" shall not be an admission that the Borrower cannot pay its debts as they become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.11 <u>Financial Statement Restatement.</u>** The restatement of any financial statements filed by the Borrower with the SEC at any time after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.12 <u>Replacement of Transfer Agent.</u>** In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.13 <u>Cross-Default.</u>** Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under this Note and the Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. "Other Agreements" means, collectively, all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2) the Holder and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term "Other Agreements" shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted with each other loan transaction and with all other existing and future debt of Borrower to the Holder.

Upon the occurrence and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME IMMEDIATELY DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN AMOUNT EQUAL TO: (Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the continuation of any Event of Default specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due on this Note upon a Trading Market Prepayment Event pursuant to Section 1.7 or upon acceleration), 3.3, 3.4, 3.7, 3.8, 3.10, 3.11, 3.12, 3.13, and/or 3.14 exercisable through the delivery of written notice to the Borrower by such Holders (the "Default Notice"), and upon the occurrence of an Event of Default specified the remaining sections of Articles III (other than failure to pay the principal hereof or interest thereon at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the greater of (i) 150% <u>times</u> the sum of (w) the then outstanding principal amount of this Note <u>plus</u> (x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the "Mandatory Prepayment Date") <u>plus</u> (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) <u>plus</u> (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment <u>plus</u> the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the "Default Sum") or (ii) the "parity value" of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable upon conversion of or otherwise pursuant to such Default Sum in accordance with Article I, treating the Trading Day immediately preceding the Mandatory Prepayment Date as the "Conversion Date" for purposes of determining the lowest applicable Conversion Price, unless the Default Event arises as a result of a breach in respect of a specific Conversion Date in which case such Conversion Date shall be the Conversion Date), <u>multiplied by</u> (b) the highest Closing Price for the Common Stock during the period beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date (the "Default Amount") and all other amounts payable hereunder shall immediately become due and payable, all without demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation, legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at law or in equity.

If the Borrower fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.

**ARTICLE IV. MISCELLANEOUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1 <u>Failure or Indulgence Not Waiver.</u>** No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2 <u>Notices.</u>** All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

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| | |
|:---|:---|
| If to the Borrower, to: |  |
| **Planet Resource Recovery, Inc.** | If to the Holder: Emry Capital |
| 6321 Porter Road, Suite 7 | **Attn: MIROSLAV ZECEVIC** |
| Sarasota, FL 34240 | 500 S Australian Ave, Suite 600 |
|  | West Palm Beach, FL 33401 |

---

With a copy by fax only to (which copy shall not constitute notice):

---

| |
|:---|
| **Donald R. Keer, P.E., Esq.** |
| 3663 Greenwood Circle |
| Chalfont, PA 18914 |
| 215-962-937 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 <u>Amendments.</u>** This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term "Note" and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so amended or supplemented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4 <u>Assignability.</u>** This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and its successors and assigns. Each transferee of this Note must be an "accredited investor" (as defined in Rule 501(a) of the Securities and Exchange Commission). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in connection with a bona fide margin account or other lending arrangement; and may be assigned by the Holder without the consent of the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5 <u>Cost of Collection.</u>** If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection, including reasonable attorneys' fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.6 <u>Governing Law.</u>** This Note shall be governed by and construed in accordance with the laws of the State of Delaware without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note shall be brought only in the state courts of New York or in the federal courts located in the state and county of Nassau. The parties to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon *forum non-convenience.* The Borrower and Holder waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the event that any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform to such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Note, any agreement or any other document delivered in connection with this Note 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 law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.7 <u>Purchase Agreement.</u>** By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.8 <u>Remedies.</u>** The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without any bond or other security being required.

IN WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this on January 25, 2023.

Planet Resource Recovery, Inc.

---

| | |
|:---|:---|
| By: | ![(SIGNATURE)](re010_v1.jpg) |
| **Andrew Lapp** | **Andrew Lapp** |
| Chief Executive Officer | Chief Executive Officer |

---

---

| |
|:---|
| ![(SIGNATURE)](re018_v1.jpg) |
| 1/25/2023 |
| ![(SIGNATURE)](re019_v1.jpg) |

---

## Ex1A-6

**Exhibit 6-5(d)**

**CONVERTIBLE LOAN AGREEMENT**

THIS CONVERTIBLE LOAN AGREEMENT (the "Agreement") is made as of **January 8, 2024.** by and between Recreatives Industries, Inc., a corporation organized under the laws of the State of Nevada, USA, with registered offices located at 1936 59th Terrace E, Bradenton, FL 34203 (the "Corporation"), and Amerixon Corporation, a Company, located at 500 S Australian Ave, Suite 600, West Palm Beach, FL 33401,USA (the "INVESTOR").

In consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), INVESTOR hereby grants to the Corporation a convertible loan in the principal amount of **$12,000.00** in lawful currency of USA (the "Principal Amount"), which the Corporation hereby acknowledge having received, the whole in accordance with the following terms and conditions:

**1. Maturity Date** – Subject to Sections 3 and 10, unless a conversion under Section 9 or an Event of Default (as defined below) has occurred prior to this time, the Principal Amount, together with any accrued and unpaid interest on such Principal Amount (together, the "Indebtedness"), will be due and payable in full on the Third anniversary of the signature of this Loan Agreement (the "Maturity Date").

**2. Origination Fee** – No origination fee applies to this loan agreement.

**3. Interest** – Subject to Section 3, the Principal Amount, together with any past due and unpaid interest, will bear an 10.0% interest rate accruing annually, calculated monthly and compounded monthly, from the date hereof until payment in full has been received by INVESTOR, including without limitation before and after maturity, default or judgment.

**4. Extension** – If the Corporation and INVESTOR both agree to do so in writing, the Maturity Date may be extended by a period not to exceed 24 months from the original Maturity Date (the "Extension Period"). In the event that the Maturity Date is so extended, the interest rate shall not be increased.

**5. Use of Proceeds** – The Corporation will use the Principal Amount for the following purposes only: general working capital, on-going development of the Corporation's core technology, hiring the core team, development of an intellectual property strategy, business development and general corporate development purposes.

**6. Security** – The Corporation's loan obligations under this Loan Agreement will rank in priority to all other indebtedness of the Corporation.

**7. Representations and Warranties** – To induce INVESTOR to advance the Principal Amount to the Corporation, the Corporation represents and warrants the following to INVESTOR as of the date of this Loan Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Corporation has been duly incorporated and is validly existing under the (the "Corporation Act") and has not been discontinued under the Corporation Act or been dissolved and is in good standing with respect to the filing of annual reports with the Director of Industry for the Corporation Act ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Corporation has all requisite corporate power and capacity to own its property and assets and to carry on its business as now being conducted by it and enter into and deliver this Loan Agreement, and the Investor Rights Agreement dated the date hereof granting INVESTOR pre-emptive rights (the "Investor Rights Agreement" and together with the Loan Agreement , the "Transaction Documents"), and to perform its obligations under each of these documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Corporation has acquired all material licenses, registrations, authorizations, permits, approvals and consents necessary to carry on its business and such licenses, registrations, authorizations, permits, approvals and consents are in good standing, and the Corporation is conducting its business in compliance in all material respects with all applicable laws, rules and regulations of each jurisdiction in which its business is carried on;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each of the Transaction Documents, when executed and delivered, will constitute a legal, valid and binding obligation of the Corporation enforceable against the Corporation in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and equitable principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) neither the execution and delivery of the Transaction Documents, compliance with the terms, conditions and provisions of the Transaction Documents, will conflict with, accelerate the terms of or result in a breach of any of the terms, conditions or provisions of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any agreement, instrument or arrangement to which the Corporation is now a party or by which it is or may be bound, or constitute a default thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any judgment or order, writ, injunction or decree of any court; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any applicable law, regulation or regulatory policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) this Loan Agreement (and the conversion rights granted therein) complies with all applicable securities laws and INVESTOR will hold all of its rights, title and interest therein (including its conversion rights) free and clear of all pre-emptive rights, hypothecs, mortgages, liens, charges, security interests, adverse claims, pledges and demands whatsoever arising by reason of the acts or omissions of the Corporation, other than the resale restrictions imposed by applicable securities laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the capitalization table attached to the conditional funding offer made by INVESTOR and accepted by the Corporation set forth all of the issued and outstanding shares of the capital of the Corporation as well as all issued and outstanding options, warrants, securities and other rights to purchase shares of the capital of the Corporation as of the date hereof.

**8.** The occurrence of any of the following events shall constitute an "Event of Default" under this note:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If default occurs in payment when due of any indebtedness and such default continues for a period of 5 days following written notice specifying the same by the INVESTOR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if default occurs in performance of any other material covenant of the Corporation under this Note or Investor Rights Agreement and such default continues for period of 10 days following written notice specifying the same by the INVESTOR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if (i) the Corporation commits an act of bankruptcy or becomes insolvent within the meaning of any bankruptcy or insolvency legislation applicable to it or files an assignment in bankruptcy (ii) a petition or other process for the bankruptcy of the Corporation is filed or instituted and remains undismissed or unstayed for a period of at least 30 days or any relief sought in such proceedings shall occur.

Upon the occurrence of any Event of Default, all Indebtedness shall at the option of the INVESTOR and by notice in writing to the Corporation become forthwith due and payable and all of the rights and remedies conferred in respect of the Note shall become immediately enforceable.

**9. Indemnity and Costs** – INVESTOR is relying on the representations, warranties and covenants contained in this Loan Agreement. The Corporation agrees to indemnify and save INVESTOR harmless from and against all losses, damages, costs, or expenses, including legal costs as between a solicitor and his own client, suffered or incurred by INVESTOR as a result of or in connection with any of those representations, warranties or covenants being incorrect or breached. The Corporation will also pay or reimburse the reasonable legal fees, disbursements and out of pocket costs (including any applicable taxes thereon) incurred by or for the account of INVESTOR (i) in connection with the preparation of this Loan Agreement, and the transactions contemplated in this Loan Agreement and (ii) in pursuing its remedies against the Corporation in the event the Corporation defaults on any payment owing under this Loan Agreement.

**10. Conversion**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In this Section 9:

"Conversion Price" means 0.0001 :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the case of a Significant Financing (defined below), the lower of: (A) the lowest price paid per Significant Financing Security (defined below); and (B) the Capped Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Change of Control (defined below), the lower of: (A) the price per share of the Corporation based on the valuation given in connection with the event triggering the Change of Control; and (B) the Capped Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of a Discretionary Conversion (defined below), the lower of: (A) the price per share of the Corporation paid to the Corporation for Securities (defined below) at the last external financing (i.e. a financing where such Securities were issued which includes investors other than the current directors, officers and employees of the Corporation) completed after the date of this Loan Agreement; and (B) the Capped Price, however where no external financing has occurred after the date of this Loan Agreement, the price will be the Capped Price;

"Capped Price" means the pre-money price per share of the Corporation, which is capped at Two Hundred and Twenty-Five Thousand Dollars ($225,000).

"Discount" means a discount of 0% to the Conversion Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Indebtedness may be converted at INVESTOR's option upon any of the following events (each a "Potential Conversion Event") and on the terms set out in this Section 9:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the Corporation completes a private placement of equity securities of the Corporation (such securities or units of securities are referred to as the "Significant Financing Securities") for gross proceeds of at least $500,000 (which does not include any Indebtedness converted pursuant to this Loan Agreement) (a "Significant Financing") then unless INVESTOR provides a notice to the Corporation that it does not wish to convert the Indebtedness (as set out in Subsection 9(d)), concurrent with the closing of such Significant Financing all of the Indebtedness will be automatically and concurrently converted into Significant Financing Securities at a price equal to the applicable Conversion Price less the Discount and otherwise on the same terms and conditions as the investors under the Significant Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Upon an amalgamation, merger or reorganization of the Corporation, a Sale of Control, initial public offering of equity securities of the Corporation or a sale of all or substantially all of the Corporation's assets or undertaking, other than as part of an internal amalgamation, merger or reorganization which does not involve persons who are not shareholders or wholly owned subsidiaries of the Corporation (each a "Change of Control"), unless INVESTOR provides a notice to the Corporation that it does not wish to convert the Indebtedness (as set out in Subsection 9(d)), concurrent with the closing of such Change of Control all of the Indebtedness will be automatically and concurrently converted into the highest ranking equity securities of the Corporation outstanding immediately prior to the Change of Control (the "Change of Control Securities"), at a price equal to the applicable Conversion Price less the Discount, where "Sale of Control" means any event after which a person, together with his or its "associates" and "affiliates" (as defined in the Canada Business Corporations Act), holds, directly or indirectly, legally or beneficially, shares of the Corporation carrying more than 50% of the votes capable of being cast at a general meeting of the shareholders of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Indebtedness may also be converted at INVESTOR's sole option on the terms set out in this Section 9 if at any time prior to the Maturity Date, INVESTOR has provided the Corporation with written notice that it wishes to convert its Indebtedness into equity securities (a "Discretionary Conversion"), then on the date specified in such notice (which must not be beyond the Maturity Date) (the "Discretionary Conversion Date") all of the Indebtedness will be automatically converted into the highest ranking equity securities of the Corporation outstanding at the Discretionary Conversion Date (the "Securities"), at a price equal to the applicable Conversion Price less the Discount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Corporation shall provide INVESTOR with notice of any Potential Conversion Event at least 15 business days prior to the closing of such Potential Conversion Event. Upon receipt of such notice, INVESTOR shall have 12 business days to notify the Corporation in writing if it does not wish to convert the Indebtedness. In the event INVESTOR delivers such notice to the Corporation as set out above the Corporation will have the right to either keep the Loan outstanding in its current form, or prepay the Loan as set out in Section 10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Upon conversion of the Indebtedness, the Corporation will promptly deliver to INVESTOR a certificate representing the Significant Financing Securities, Change of Control Securities or Securities, as applicable, and, in the case of a Significant Financing or Change of Control, such other documents as purchasers under the Significant Financing or Change of Control, as applicable, are entitled to receive in connection therewith including, but not limited to, an opinion of counsel satisfactory to INVESTOR, acting reasonably, to the effect that such securities are duly and validly issued, fully paid and non-assessable, free from pre-emptive rights, and issued in compliance with applicable securities laws. The Corporation will cover all legal fees associated with such conversion including but not limited to the reasonable legal fees of INVESTOR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the case of a Significant Financing, conversion shall be mandatory in the case that INVESTOR is a participating investor in the Significant Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No fractional securities shall be issued and if the conversion provided for in this Section 9 would result in INVESTOR being entitled to receive a fraction of a security, the Corporation shall instead issue upon the conversion the next lesser whole number of securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notwithstanding anything to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) unless INVESTOR has notified the Corporation that it does not wish to convert its Indebtedness, upon the issuance of the Significant Financing Securities or the Change of Control Securities to INVESTOR pursuant to Subsection 9(b), INVESTOR shall be treated for all purposes as the record holder of such securities as of the date of the closing of the Significant Financing or Change of Control, as applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Discretionary Conversion, upon the issuance of the Securities to INVESTOR pursuant to Subsection 9(c), INVESTOR shall be treated for all purposes as the record holder of such securities as of the Discretionary Conversion Date,

and in each case this Loan Agreement shall be deemed to be cancelled and the Corporation shall have no further obligation to pay INVESTOR under this Loan Agreement.

**11. Prepayment** – Except as otherwise set out in this Section 10, the Corporation does not have the right to prepay the Indebtedness without the prior written consent of INVESTOR. If, upon a Potential Conversion Event, INVESTOR does not convert the Indebtedness, the Corporation may, concurrent with the closing of the Potential Conversion Event, choose, in its sole discretion, to prepay all Indebtedness owing under this Loan Agreement on the date of the Conversion Event. In the event the Indebtedness is not prepaid as set out above, it will remain in full force and effect on the terms set out herein.

**12. INVESTOR's Non-Waiver of Rights** – Failure of INVESTOR to enforce any of its rights or remedies under this Loan Agreement will not constitute a waiver of the rights of INVESTOR to later enforce such rights and remedies. No waiver will be effective unless it is in writing and specifically references the provision in this Loan Agreement to which such waiver relates.

**13. Corporation's Waiver** – The Corporation waives demand and presentment for payment, notice of non-payment, protest and notice of protest of this Loan Agreement.

**14. Time of the Essence** – Time will be of the essence in this Loan Agreement and no extension or variation of this Loan Agreement will operate as a waiver of this provision.

**15. Enurement** – This Loan Agreement will enure to the benefit of and be binding upon the parties and their respective successors and assigns; it being understood and agreed that the Corporation shall not have the right to assign this Loan Agreement, nor any of its rights or obligations hereunder, without the prior written consent of INVESTOR, acting in its sole discretion.

**16. Governing Law** – This Loan Agreement (and any transactions, documents, instruments or other agreements contemplated in this Loan Agreement) will be construed and governed exclusively by the laws in force in Florida and the laws of the United States applicable therein, and the courts of Florida will have exclusive jurisdiction to hear and determine all disputes arising hereunder. The undersigned irrevocably attorns to the jurisdiction of said courts and consents to the commencement of proceedings in such courts. This provision will not, however, be construed to impair the rights of INVESTOR to enforce a judgment or award outside said province, including the right to record and enforce a judgment or award in any other jurisdiction.

**17. Severability** – If any provision of this Loan Agreement is determined to be invalid or unenforceable by a court of competent jurisdiction from which no further appeal lies or is taken, that provision will be deemed to be severed from this Loan Agreement, and the remaining provisions of this Loan Agreement will not be affected because of that and will remain valid and enforceable.

**18. Further Acts** – Each of the parties shall at the request of the other party, and at the expense of the Corporation, execute and deliver any further documents and do all acts and things as that party may reasonably require in order to carry out the true intent and meaning of this Loan Agreement.

**19. Amendments** – No term or provision hereof may be amended except by an instrument in writing signed by all of the parties to this Loan Agreement.

**20. Counterparts** – This Loan Agreement may be executed in counterpart and such counterparts together will constitute a single instrument. Delivery of an executed counterpart of this Loan Agreement by electronic means, including by facsimile transmission or by electronic delivery in portable document format (".pdf"), will be equally effective as delivery of a manually executed counterpart hereof. The parties acknowledge and agree that in any legal proceedings between them respecting or in any way relating to this Loan Agreement, each waives the right to raise any defense based on the execution hereof in counterparts or the delivery of such executed counterparts by electronic means.

IN WITNESS WHEREOF the undersigned have executed and delivered this Loan Agreement as of January 8, 2024.

---

| | | | |
|:---|:---|:---|:---|
| Recreatives Industries, Inc. | Recreatives Industries, Inc. | Amerixon Corporation | Amerixon Corporation |
| Per: | ![(SIGNATURE)](re015_v1.jpg) | Per: | ![(SIGNATURE)](re020_v1.jpg) |
| Andrew Lapp, Chairman, CEO | Andrew Lapp, Chairman, CEO | Miro Zecevic | Miro Zecevic |

---

## Ex1A-6

**Exhibit 6-5(e)**

**CONVERTIBLE LOAN AGREEMENT**

THIS CONVERTIBLE LOAN AGREEMENT (the "Agreement") is made as of **December 29, 2023.** by and between Recreatives Industries, Inc., a corporation organized under the laws of the State of Nevada, USA, with registered offices located at 1936 59th Terrace E, Bradenton, FL 34203 (the "Corporation"), and Amerixon Corporation, a Company, located at 500 S Australian Ave, Suite 600, West Palm Beach, FL 33401,USA (the "INVESTOR").

In consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), INVESTOR hereby grants to the Corporation a convertible loan in the principal amount of **$45,078.96** in lawful currency of USA (the "Principal Amount"), which the Corporation hereby acknowledge having received, the whole in accordance with the following terms and conditions:

**1. Maturity Date** – Subject to Sections 3 and 10, unless a conversion under Section 9 or an Event of Default (as defined below) has occurred prior to this time, the Principal Amount, together with any accrued and unpaid interest on such Principal Amount (together, the "Indebtedness"), will be due and payable in full on the Third anniversary of the signature of this Loan Agreement (the "Maturity Date").

**2. Origination Fee** – No origination fee applies to this loan agreement.

**3. Interest** – Subject to Section 3, the Principal Amount, together with any past due and unpaid interest, will bear an 10.0% interest rate accruing annually, calculated monthly and compounded monthly, from the date hereof until payment in full has been received by INVESTOR, including without limitation before and after maturity, default or judgment.

**4. Extension** – If the Corporation and INVESTOR both agree to do so in writing, the Maturity Date may be extended by a period not to exceed 24 months from the original Maturity Date (the "Extension Period"). In the event that the Maturity Date is so extended, the interest rate shall not be increased.

**5. Use of Proceeds** – The Corporation will use the Principal Amount for the following purposes only: general working capital, on-going development of the Corporation's core technology, hiring the core team, development of an intellectual property strategy, business development and general corporate development purposes.

**6. Security** – The Corporation's loan obligations under this Loan Agreement will rank in priority to all other indebtedness of the Corporation.

**7. Representations and Warranties** – To induce INVESTOR to advance the Principal Amount to the Corporation, the Corporation represents and warrants the following to INVESTOR as of the date of this Loan Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Corporation has been duly incorporated and is validly existing under the (the "Corporation Act") and has not been discontinued under the Corporation Act or been dissolved and is in good standing with respect to the filing of annual reports with the Director of Industry for the Corporation Act ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Corporation has all requisite corporate power and capacity to own its property and assets and to carry on its business as now being conducted by it and enter into and deliver this Loan Agreement, and the Investor Rights Agreement dated the date hereof granting INVESTOR pre-emptive rights (the "Investor Rights Agreement" and together with the Loan Agreement , the "Transaction Documents"), and to perform its obligations under each of these documents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Corporation has acquired all material licenses, registrations, authorizations, permits, approvals and consents necessary to carry on its business and such licenses, registrations, authorizations, permits, approvals and consents are in good standing, and the Corporation is conducting its business in compliance in all material respects with all applicable laws, rules and regulations of each jurisdiction in which its business is carried on;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) each of the Transaction Documents, when executed and delivered, will constitute a legal, valid and binding obligation of the Corporation enforceable against the Corporation in accordance with its terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally and equitable principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) neither the execution and delivery of the Transaction Documents, compliance with the terms, conditions and provisions of the Transaction Documents, will conflict with, accelerate the terms of or result in a breach of any of the terms, conditions or provisions of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any agreement, instrument or arrangement to which the Corporation is now a party or by which it is or may be bound, or constitute a default thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any judgment or order, writ, injunction or decree of any court; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any applicable law, regulation or regulatory policy;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) this Loan Agreement (and the conversion rights granted therein) complies with all applicable securities laws and INVESTOR will hold all of its rights, title and interest therein (including its conversion rights) free and clear of all pre-emptive rights, hypothecs, mortgages, liens, charges, security interests, adverse claims, pledges and demands whatsoever arising by reason of the acts or omissions of the Corporation, other than the resale restrictions imposed by applicable securities laws; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the capitalization table attached to the conditional funding offer made by INVESTOR and accepted by the Corporation set forth all of the issued and outstanding shares of the capital of the Corporation as well as all issued and outstanding options, warrants, securities and other rights to purchase shares of the capital of the Corporation as of the date hereof.

**8.** The occurrence of any of the following events shall constitute an "Event of Default" under this note:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If default occurs in payment when due of any indebtedness and such default continues for a period of 5 days following written notice specifying the same by the INVESTOR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if default occurs in performance of any other material covenant of the Corporation under this Note or Investor Rights Agreement and such default continues for period of 10 days following written notice specifying the same by the INVESTOR;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if (i) the Corporation commits an act of bankruptcy or becomes insolvent within the meaning of any bankruptcy or insolvency legislation applicable to it or files an assignment in bankruptcy (ii) a petition or other process for the bankruptcy of the Corporation is filed or instituted and remains undismissed or unstayed for a period of at least 30 days or any relief sought in such proceedings shall occur.

Upon the occurrence of any Event of Default, all Indebtedness shall at the option of the INVESTOR and by notice in writing to the Corporation become forthwith due and payable and all of the rights and remedies conferred in respect of the Note shall become immediately enforceable.

**9. Indemnity and Costs** – INVESTOR is relying on the representations, warranties and covenants contained in this Loan Agreement. The Corporation agrees to indemnify and save INVESTOR harmless from and against all losses, damages, costs, or expenses, including legal costs as between a solicitor and his own client, suffered or incurred by INVESTOR as a result of or in connection with any of those representations, warranties or covenants being incorrect or breached. The Corporation will also pay or reimburse the reasonable legal fees, disbursements and out of pocket costs (including any applicable taxes thereon) incurred by or for the account of INVESTOR (i) in connection with the preparation of this Loan Agreement, and the transactions contemplated in this Loan Agreement and (ii) in pursuing its remedies against the Corporation in the event the Corporation defaults on any payment owing under this Loan Agreement.

**10. Conversion**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In this Section 9:

"Conversion Price" means 0.0001 :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the case of a Significant Financing (defined below), the lower of: (A) the lowest price paid per Significant Financing Security (defined below); and (B) the Capped Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Change of Control (defined below), the lower of: (A) the price per share of the Corporation based on the valuation given in connection with the event triggering the Change of Control; and (B) the Capped Price;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in the case of a Discretionary Conversion (defined below), the lower of: (A) the price per share of the Corporation paid to the Corporation for Securities (defined below) at the last external financing (i.e. a financing where such Securities were issued which includes investors other than the current directors, officers and employees of the Corporation) completed after the date of this Loan Agreement; and (B) the Capped Price, however where no external financing has occurred after the date of this Loan Agreement, the price will be the Capped Price;

"Capped Price" means the pre-money price per share of the Corporation, which is capped at Two Hundred and Twenty-Five Thousand Dollars ($225,000).

"Discount" means a discount of 0% to the Conversion Price.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Indebtedness may be converted at INVESTOR's option upon any of the following events (each a "Potential Conversion Event") and on the terms set out in this Section 9:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the Corporation completes a private placement of equity securities of the Corporation (such securities or units of securities are referred to as the "Significant Financing Securities") for gross proceeds of at least $500,000 (which does not include any Indebtedness converted pursuant to this Loan Agreement) (a "Significant Financing") then unless INVESTOR provides a notice to the Corporation that it does not wish to convert the Indebtedness (as set out in Subsection 9(d)), concurrent with the closing of such Significant Financing all of the Indebtedness will be automatically and concurrently converted into Significant Financing Securities at a price equal to the applicable Conversion Price less the Discount and otherwise on the same terms and conditions as the investors under the Significant Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Upon an amalgamation, merger or reorganization of the Corporation, a Sale of Control, initial public offering of equity securities of the Corporation or a sale of all or substantially all of the Corporation's assets or undertaking, other than as part of an internal amalgamation, merger or reorganization which does not involve persons who are not shareholders or wholly owned subsidiaries of the Corporation (each a "Change of Control"), unless INVESTOR provides a notice to the Corporation that it does not wish to convert the Indebtedness (as set out in Subsection 9(d)), concurrent with the closing of such Change of Control all of the Indebtedness will be automatically and concurrently converted into the highest ranking equity securities of the Corporation outstanding immediately prior to the Change of Control (the "Change of Control Securities"), at a price equal to the applicable Conversion Price less the Discount, where "Sale of Control" means any event after which a person, together with his or its "associates" and "affiliates" (as defined in the Canada Business Corporations Act), holds, directly or indirectly, legally or beneficially, shares of the Corporation carrying more than 50% of the votes capable of being cast at a general meeting of the shareholders of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Indebtedness may also be converted at INVESTOR's sole option on the terms set out in this Section 9 if at any time prior to the Maturity Date, INVESTOR has provided the Corporation with written notice that it wishes to convert its Indebtedness into equity securities (a "Discretionary Conversion"), then on the date specified in such notice (which must not be beyond the Maturity Date) (the "Discretionary Conversion Date") all of the Indebtedness will be automatically converted into the highest ranking equity securities of the Corporation outstanding at the Discretionary Conversion Date (the "Securities"), at a price equal to the applicable Conversion Price less the Discount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Corporation shall provide INVESTOR with notice of any Potential Conversion Event at least 15 business days prior to the closing of such Potential Conversion Event. Upon receipt of such notice, INVESTOR shall have 12 business days to notify the Corporation in writing if it does not wish to convert the Indebtedness. In the event INVESTOR delivers such notice to the Corporation as set out above the Corporation will have the right to either keep the Loan outstanding in its current form, or prepay the Loan as set out in Section 10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Upon conversion of the Indebtedness, the Corporation will promptly deliver to INVESTOR a certificate representing the Significant Financing Securities, Change of Control Securities or Securities, as applicable, and, in the case of a Significant Financing or Change of Control, such other documents as purchasers under the Significant Financing or Change of Control, as applicable, are entitled to receive in connection therewith including, but not limited to, an opinion of counsel satisfactory to INVESTOR, acting reasonably, to the effect that such securities are duly and validly issued, fully paid and non-assessable, free from pre-emptive rights, and issued in compliance with applicable securities laws. The Corporation will cover all legal fees associated with such conversion including but not limited to the reasonable legal fees of INVESTOR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the case of a Significant Financing, conversion shall be mandatory in the case that INVESTOR is a participating investor in the Significant Financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No fractional securities shall be issued and if the conversion provided for in this Section 9 would result in INVESTOR being entitled to receive a fraction of a security, the Corporation shall instead issue upon the conversion the next lesser whole number of securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Notwithstanding anything to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) unless INVESTOR has notified the Corporation that it does not wish to convert its Indebtedness, upon the issuance of the Significant Financing Securities or the Change of Control Securities to INVESTOR pursuant to Subsection 9(b), INVESTOR shall be treated for all purposes as the record holder of such securities as of the date of the closing of the Significant Financing or Change of Control, as applicable; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the case of a Discretionary Conversion, upon the issuance of the Securities to INVESTOR pursuant to Subsection 9(c), INVESTOR shall be treated for all purposes as the record holder of such securities as of the Discretionary Conversion Date,

and in each case this Loan Agreement shall be deemed to be cancelled and the Corporation shall have no further obligation to pay INVESTOR under this Loan Agreement.

**11. Prepayment** – Except as otherwise set out in this Section 10, the Corporation does not have the right to prepay the Indebtedness without the prior written consent of INVESTOR. If, upon a Potential Conversion Event, INVESTOR does not convert the Indebtedness, the Corporation may, concurrent with the closing of the Potential Conversion Event, choose, in its sole discretion, to prepay all Indebtedness owing under this Loan Agreement on the date of the Conversion Event. In the event the Indebtedness is not prepaid as set out above, it will remain in full force and effect on the terms set out herein.

**12. INVESTOR's Non-Waiver of Rights** – Failure of INVESTOR to enforce any of its rights or remedies under this Loan Agreement will not constitute a waiver of the rights of INVESTOR to later enforce such rights and remedies. No waiver will be effective unless it is in writing and specifically references the provision in this Loan Agreement to which such waiver relates.

**13. Corporation's Waiver** – The Corporation waives demand and presentment for payment, notice of non-payment, protest and notice of protest of this Loan Agreement.

**14. Time of the Essence** – Time will be of the essence in this Loan Agreement and no extension or variation of this Loan Agreement will operate as a waiver of this provision.

**15. Enurement** – This Loan Agreement will enure to the benefit of and be binding upon the parties and their respective successors and assigns; it being understood and agreed that the Corporation shall not have the right to assign this Loan Agreement, nor any of its rights or obligations hereunder, without the prior written consent of INVESTOR, acting in its sole discretion.

**16. Governing Law** – This Loan Agreement (and any transactions, documents, instruments or other agreements contemplated in this Loan Agreement) will be construed and governed exclusively by the laws in force in Florida and the laws of the United States applicable therein, and the courts of Florida will have exclusive jurisdiction to hear and determine all disputes arising hereunder. The undersigned irrevocably attorns to the jurisdiction of said courts and consents to the commencement of proceedings in such courts. This provision will not, however, be construed to impair the rights of INVESTOR to enforce a judgment or award outside said province, including the right to record and enforce a judgment or award in any other jurisdiction.

**17. Severability** – If any provision of this Loan Agreement is determined to be invalid or unenforceable by a court of competent jurisdiction from which no further appeal lies or is taken, that provision will be deemed to be severed from this Loan Agreement, and the remaining provisions of this Loan Agreement will not be affected because of that and will remain valid and enforceable.

**18. Further Acts** – Each of the parties shall at the request of the other party, and at the expense of the Corporation, execute and deliver any further documents and do all acts and things as that party may reasonably require in order to carry out the true intent and meaning of this Loan Agreement.

**19. Amendments** – No term or provision hereof may be amended except by an instrument in writing signed by all of the parties to this Loan Agreement.

**20. Counterparts** – This Loan Agreement may be executed in counterpart and such counterparts together will constitute a single instrument. Delivery of an executed counterpart of this Loan Agreement by electronic means, including by facsimile transmission or by electronic delivery in portable document format (".pdf"), will be equally effective as delivery of a manually executed counterpart hereof. The parties acknowledge and agree that in any legal proceedings between them respecting or in any way relating to this Loan Agreement, each waives the right to raise any defense based on the execution hereof in counterparts or the delivery of such executed counterparts by electronic means.

IN WITNESS WHEREOF the undersigned have executed and delivered this Loan Agreement as of December 29, 2023.

---

| | | | |
|:---|:---|:---|:---|
| Recreatives Industries, Inc. | Recreatives Industries, Inc. | Amerixon Corporation | Amerixon Corporation |
| Per: | ![(SIGNATURE)](re015_v1.jpg) | Per: | ![(SIGNATURE)](re020_v1.jpg) |
| Andrew Lapp, Chairman, CEO | Andrew Lapp, Chairman, CEO | Miro Zecevic | Miro Zecevic |

---

## Ex1A-12

**Exhibit 12.1**

---

| | |
|:---|:---|
| **Craig A. Huffman, Esquire** <br> **4910 Creekside Drive Suite K** <br> **Clearwater, Florida 33760**  | ![(LOGO)](re021_v1.jpg) |

---

May 14, 2026 Item 12.1

**Recreatives Industries, Inc.** 

1936 59th Terrace East

Bradenton, Florida 34203

**Re:** Opinion of Counsel — Offering Statement on Form 1-A under Regulation A of the Securities Act of 1933, as amended

Ladies and Gentlemen:

We have acted as counsel to Recreatives Industries, Inc., a Nevada corporation (the "Company"), in connection with the preparation and filing by the Company with the U.S. Securities and Exchange Commission (the "Commission") of an offering statement on Form 1-A (as amended or supplemented from time to time, the "Offering Statement") pursuant to Regulation A under the Securities Act of 1933, as amended (the "Securities Act"), relating to the qualification of the offer and sale by the Company of up to Two Million Five Hundred Thousand Dollars ($2,500,000) in shares (the "Shares") of the Company's common stock, $0.0001 par value per share, at a price per Share within a range of $0.01 to $0.05, resulting in a maximum number of Shares to be offered and sold of not less than fifty million (50,000,000) Shares (at the high end of the price range) and not more than two hundred fifty million (250,000,000) Shares (at the low end of the price range), in each case as further described in the Offering Statement. This opinion is being furnished for filing as Exhibit 12.1 to the Offering Statement.

For purposes of rendering the opinions set forth below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of (i) the Offering Statement, including the Preliminary Offering Circular forming a part thereof; (ii) the Amended and Restated Articles of Incorporation of the Company, as filed with the Secretary of State of the State of Nevada, and all amendments and certificates of designation thereto in effect on the date hereof (collectively, the "Articles"); (iii) the Bylaws of the Company, as currently in effect (the "Bylaws"); (iv) resolutions of the Board of Directors of the Company authorizing the offering, issuance and sale of the Shares pursuant to the Offering Statement; (v) the form of Subscription Agreement filed as an exhibit to the Offering Statement; (vi) a certificate of an officer of the Company as to certain factual matters; (vii) a certificate of good standing for the Company issued by the Secretary of State of the State of Nevada; and (viii) such other corporate records, certificates of public officials and other documents, and we have reviewed such questions of law, as we have deemed necessary or appropriate as a basis for the opinions set forth herein.

Email: <u>Craig@securuslawgroup.com</u> Phone: (813) 504-7831 1

---

| | |
|:---|:---|
| **Craig A. Huffman, Esquire** <br> **4910 Creekside Drive Suite K** <br> **Clearwater, Florida 33760**  | ![(LOGO)](re021_v1.jpg) |

---

In our examination, we have assumed, without independent verification: (i) the legal capacity of all natural persons; (ii) the genuineness of all signatures on all documents submitted to us; (iii) the authenticity of all documents submitted to us as originals; (iv) the conformity to authentic original documents of all documents submitted to us as certified, conformed or photostatic copies; (v) that the certificates and other documents described above are true, complete and correct, and that the factual matters certified to therein remain true, complete and correct as of the date hereof; (vi) that the persons identified to us as officers and directors of the Company are duly elected or appointed and validly serving as such; (vii) that, prior to the issuance of any Shares, the Offering Statement will have been qualified by the Commission under the Securities Act and will not have been suspended or withdrawn; (viii) that the Shares will be issued and sold in the manner described in the Offering Statement and in accordance with the resolutions of the Board of Directors of the Company referred to above and the form of Subscription Agreement; and (ix) that the Company will receive the consideration for each Share required to be paid therefor under the Offering Statement, the Subscription Agreement, and the resolutions of the Board of Directors of the Company referred to above, which consideration will not be less than the par value of such Share.

**Based upon and subject to the foregoing, and the qualifications and limitations set forth below, we are of the opinion that the Shares have been duly authorized by all necessary corporate action of the Company and, when issued, delivered and paid for in the manner contemplated by the Offering Statement, and in accordance with the resolutions of the Board of Directors of the Company authorizing such issuance and the form of Subscription Agreement, the Shares will be validly issued, fully paid and non-assessable.**

The opinion expressed herein is limited to the Nevada Revised Statutes Chapter 78 (the Nevada general corporation law), including the statutory provisions and all applicable reported judicial decisions interpreting the same. We express no opinion as to the laws of any other jurisdiction, or as to the federal laws of the United States of America (including, without limitation, the federal securities laws), or as to the securities or "blue sky" laws of any state, including the State of Nevada.

We have not been engaged to examine, and we have not examined, the Offering Statement for the purpose of determining the accuracy or completeness of the information contained therein, or for the purpose of determining the compliance or conformity thereof with the rules and regulations of the Commission or the requirements of Regulation A under the Securities Act, and we express no opinion with respect thereto.

Email: <u>Craig@securuslawgroup.com</u> Phone: (813) 504-7831 2

---

| | |
|:---|:---|
| **Craig A. Huffman, Esquire** <br> **4910 Creekside Drive Suite K** <br> **Clearwater, Florida 33760**  | ![(LOGO)](re021_v1.jpg) |

---

We hereby consent to the filing of this opinion as Exhibit 12.1 to the Offering Statement, and to the reference to our firm under the captions "Legal Matters" and "Interests of Named Experts and Counsel" in the offering circular contained in the Offering Statement. In giving the foregoing consents, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.

This opinion is rendered as of the date first written above, and we assume no obligation to update or supplement this opinion to reflect any facts or circumstances that may hereafter come to our attention, or any changes in law that may hereafter occur.

---

| |
|:---|
| Respectfully submitted, |
| ![(SIGNATURE)](re022_v1.jpg) |
| **Craig A. Huffman** |

---

Email: <u>Craig@securuslawgroup.com</u> Phone: (813) 504-7831 3

### 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:** Recreatives Industries, Inc.

**Jurisdiction of Incorporation/Organization:** NV

**Year of Incorporation:** 1996

**CIK:** 0002126221

**I.R.S. Employer Identification Number:** 87-3525932

**Primary Standard Industrial Classification Code:** 3711

**Total number of full-time employees:** 4

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

**Address of Principal Executive Offices:** 1936 59th Terrace East, —, Bradenton, FL 34203

**Company Phone:** 1-800-255-2511

**Person to contact:** Craig A. Huffman, Attorney

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount      |
|:---|:---|
| Cash and Cash Equivalents                | $5125.00    |
| Investment Securities                    | $0.00       |
| Accounts and Notes Receivable            | $15838.00   |
| Property, Plant and Equipment (PP&E)     | $386359.00  |
| Total Assets                             | $906754.00  |
| Accounts Payable and Accrued Liabilities | $838005.00  |
| Long-Term Debt                           | $0.00       |
| Total Liabilities                        | $1825669.00 |
| Total Stockholders' Equity               | $-918914.00 |
| Total Liabilities and Equity             | $906754.00  |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount      |
|:---|:---|
| Total Revenues                            | $155381.00  |
| Costs and Expenses Applicable to Revenues | $427812.00  |
| Depreciation and Amortization             | $0.00       |
| Net Income                                | $-312474.00 |
| Earnings Per Share - Basic                | -0.00       |
| Earnings Per Share - Diluted              | -0.00       |

**Auditor Information**

| Metric          | Amount   |
|:---|:---|
| Name of Auditor | n/a      |

### Outstanding Securities

| Class             |   Outstanding | CUSIP     | Publicly Traded   |
|:---|---:|:---|:---|
| Common Shares     |     265689097 | 72705J303 | OTC               |
| Preferred Class A |        100000 | 000000N/A | N/A               |
| n/a               |             0 | 000000N/A | 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:** Tier1

**Financial Statement Status:** Unaudited

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

**Is this a delayed or continuous offering?** No

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

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

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

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

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

**Offering Amounts**

| Description                                                     | Amount      |
|:---|:---|
| Number of securities offered                                    | 125000000   |
| Number of securities outstanding                                | 249689097   |
| Price per security                                              | $0.02       |
| Issuer's aggregate offering price                               | $2500000.00 |
| Aggregate offering price of securities held by security holders | $0.00       |
| Aggregate price of securities offered concurrently              | $0.00       |
| Total aggregate offering price                                  | $2500000.00 |

**Anticipated Fees**

| Service Provider   | Name                       | Fees      |
|:---|:---|:---|
| Auditor            | None                       | $0.00     |
| Legal              | Craig A. Huffman, Attorney | $20000.00 |
| Promoters          | None                       | $0.00     |

**Estimated Net Proceeds to the Issuer:** $2480000.00

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

CA, FL, GA, IN, MI, NY, NC, PA, TX