Item 3.02. Unregistered Sales of Equity Securities.
On January 5, 2022, Credex Corporation (the "Company") sold an aggregate of
9,521,697 restricted shares of common stock to certain investors at a purchase
price per share of $0.001, for an aggregate purchase price of $9,522
(collectively, the "Sales"). Such shares included (i) 2,093,596 shares sold to
James Woodend, the Company's President and a member of the Company's Board of
Directors (the "Board"); (ii) 1,046,798 shares sold to Lawrence Taube, the
Company's Chief Financial Officer and a member of the Board; (iii) 872,332
shares sold to Hayden Witt, a member of the Board; (iv) 697,865 shares sold to
Jennifer Woodend, the Company's Secretary and a member of the Board; and (v)
500,000 shares sold to Robin McVey, the Company's Chief Executive Officer and a
member of the Board. The Sales were approved by the Board. Following the Sales,
there were 68,514,197 shares of common stock outstanding.
The Sales were not registered under the Securities Act of 1933, as amended (the
"Securities Act"), and the common stock was issued in reliance upon the
exemptions from registration provided by Section 4(a)(2) of the Securities Act
and Rule 506 of Regulation D. The purchasers acquired the common stock for their
own respective accounts and not with a view to distribution in violation of the
Securities Act.
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