Inception Mining to issue 10 billion shares to settle Antilles Family Office litigation

BLUSKY AI INC.

Settlement resolves litigation over a $3M loan; company issued $4.25M face value convertible note in 2019.
Company will issue 10 billion common shares to Antilles; 541,449,789 shares reserved immediately.
Company may terminate remaining share issuance by paying $1M within 1 year of court approval or $1.5M thereafter.
Outstanding amount as of June 2, 2022 was $6,001,564.76; loan payments have been delinquent since March 31, 2021.
Settlement conditioned on court approval under Securities Act Section 3(a)(10); order jointly requested on June 16, 2022.

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