Crypto Co.

07/03/2024 | Press release | Distributed by Public on 07/03/2024 14:01

Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

Effective June 28, 2024, The Crypto Company (the "Company"), entered into the stock agreements (each, a "Stock Agreement") with five separate recipients (each, a "Recipient"). Pursuant to the terms of the Stock Agreements, the Company issued a total of 910,770,639 shares of Company common stock as a bonus granted to certain Recipients who are employees and as a consideration for certain contractors' services for the Recipients who are contractors. Ronald Levy, Chief Executive Officer, Interim Chief Financial Officer, Chief Operating Officer, Chairman of the Board and Secretary of the Company, is one the Recipients.

The shares of Company common stock were issued in a private transaction. The shares of Company common stock described in this Current Report on Form 8-K were offered and sold in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D promulgated thereunder. Each of the Recipients had access to information about the Company or is a person to whom the Company believes the offer was exempt from registration.