OLOX · Olenox Industries Inc.

Summary

On February 10, 2026, Olenox Industries Inc. entered into a Mutual Settlement and Release Agreement with Cedar Advance LLC to resolve an outstanding debt balance of $1,732,500. The Company agreed to issue up to 500,000 shares of common stock as initial settlement, with potential additional 'true-up' shares if sales proceeds fall short of the balance.

Key takeaways

• The Company settled a total outstanding balance of $1,732,500 owed to Cedar Advance LLC related to three Merchant Cash Advance Agreements.
• The settlement involves the issuance of 500,000 Initial Shares of common stock, subject to a 4.99% Beneficial Ownership Limitation.
• A 'True-up' mechanism allows for the issuance of additional restricted shares if the gross proceeds from the sale of Initial Shares are less than the $1,732,500 balance.
• The True-up Share calculation uses the 10-day VWAP of the Company’s Common Stock preceding the calculation date.
• Cedar agreed to vote 100% of the shares in favor of resolutions at the annual shareholders meeting scheduled for March 2026.
• The shares issued are unregistered under the Securities Act of 1933 and bear restrictive legends.