OLOX · Olenox Industries Inc.

Summary

Olenox Industries Inc. executed two settlement agreements with Michael McLaren on February 11, 2026, issuing 626,325 restricted common shares to settle a convertible promissory note balance of $338,669.95 and 585,000 restricted common shares in exchange for surrendering 39,000 Series A Preferred Shares, with mutual releases of claims. On February 16, 2026, the Board appointed Ambassador Paula J. Dobriansky as a director.

Key takeaways

• Issued 626,325 restricted common shares to Michael McLaren to settle Note with $255,432.97 principal and $83,236.98 interest at $0.5407/share
• Issued 585,000 restricted common shares to Michael McLaren for surrender of 39,000 Series A Non-Voting Convertible Preferred Shares
• Michael McLaren released all claims against Company related to Note and Preferred Shares
• Appointed Ambassador Paula J. Dobriansky, age 70, as director on February 16, 2026, to serve until 2025 Annual Meeting
• Dobriansky to receive pro-rata $40,000 annual cash retainer, $10,000 committee chair fee, and $50,000 RSU grant vesting over two years
• Exhibits 10.1 and 10.2 contain full Settlement Agreements dated February 11, 2026