STAL Star Alliance International Corp (PK)

On March 15, 2023, Star Alliance International Corp. (“Star”) entered into Common Stock Purchase Agreement (the “SPA”) and a Registration Rights Agreement (the “RRA”) with Keystone Capital Partners, LLC (“Keystone”). Under the SPA, Star may issue a total of up to 75,000,000 shares of its common stock to Keystone pursuant to separate purchase notices to be delivered by Star to Keystone from time to time. Each purchase notice delivered by Star to Keystone may be for not less than $20,000 and not more than $75,000 worth of Star’s common stock, to be sold at a price per share equal to 85% of the average of the closing share prices for Star’s common stock for the 5 trading days preceding the purchase. In order for Star to issue a valid purchase notice to Keystone, the applicable purchase price must be not less than $0.01 per share, at least 2 trading days must have passed since the last purchase notice, and Star must be in continuing compliance with the terms, conditions, and covenants of the SPA. Under the SPA, Keystone’s beneficial ownership of Star’s common stock is limited such that Keystone may not purchase shares of Star’s common stock to the extent that, immediately following such purchase, Keystone would own more than 4.99% of Star’s total issued and outstanding common stock.

As additional consideration to Keystone under the SPA, Star has agreed to issue Keystone commitment shares as follows: (i) 1,000,000 shares on the date the SPA was executed; (ii) 500,000 shares upon the effective date of registration statement discussed below; and (iii) additional common stock having a value of $75,000 upon Keystone having invested at least $500,000 in Star common stock under the SPA.

The RRA executed in connection with the SPA requires Star to file a registration statement with the Securities and Exchange Commission covering Keystone’s re-sale of the common stock to be purchased under the SPA as well as the commitment shares. The registration statement must be filed within 30 days of the signing date of the SPA, and Star is required to diligently pursue effectiveness of the registration statement as more specifically set forth in in the RRA. Effectiveness of the registration statement as required under the RRA is a condition to Star’s ability to deliver purchase notices to Keystone under the SPA.

The SPA and the RRA contain numerous additional terms, covenants, and conditions and should be reviewed in their entirety for additional information.