NOTE 11 – SUBSEQUENT EVENT

On May 11, 2026, the Board of Directors of BlueOne Technologies, Inc., a Nevada corporation, approved the engagement of Dylan Floyd Accounting & Consulting (“Dylan Floyd”) as the Company’s independent registered public accounting firm and dismissed Salberg & Company, P.A. (“Salberg”) from that role. A current report on Form 8-K was filed on May 13, 2026.

On May 28, 2026, BlueOne Technologies, Inc. filed two separate demand letters against an investor, David Lee for breach of contract under the February 11, 2026 Secured Note and Warrant Purchase Agreement, seeking $500,000 in unpaid funds and retention of the $500,000 partial payment as liquidated damages and defamation.

The Company has not yet filed a lawsuit but intends to pursue all available legal remedies, including civil litigation and regulatory referrals (e.g., to the SEC for potential violations of Rule 10b-5). The ultimate outcome of this matter cannot be predicted, and an unfavorable resolution could materially and adversely affect our financial condition, reputation, or ability to raise capital.

On May 5, 2026, BlueOne Technologies, Inc. received an email from a former advisor asserting that additional amounts are owed under an advisory relationship with the Company. Management disputes the asserted amounts and, as of the filing date, no litigation has been commenced and no formal legal demand has been received. Management is currently evaluating the matter and has not recorded a liability related to the asserted amounts.

No other material legal proceedings are pending against the Company as of the date of this report