- Intercont (Cayman) Limited entered into an Ordinary Share Purchase Agreement with White Lion Capital LLC, effective **August 20, 2025**.  **[2018529_0001213900-25-080591_ea025428901ex99-1_intercont.htm:0]** **[2018529_0001213900-25-080591_ea0254289-6k_intercont.htm:1]** 
- Under the agreement, White Lion Capital LLC is committed to purchase up to **$10,000,000** in aggregate gross purchase price of Intercont's newly issued ordinary shares, with the possibility to increase this amount to **$30,000,000** upon mutual written consent.  **[2018529_0001213900-25-080591_ea025428901ex99-1_intercont.htm:0]** **[2018529_0001213900-25-080591_ea0254289-6k_intercont.htm:1]** 
- The company can issue purchase notices for shares, with Rapid Purchase Notices not exceeding **$1,000,000** and Jumbo Purchase Notices not exceeding **$4,000,000**.  **[2018529_0001213900-25-080591_ea0254289-6k_intercont.htm:1]** **[2018529_0001213900-25-080591_ea0254289-6k_intercont.htm:2]** 
- White Lion Capital's beneficial ownership is limited to **4.99%** of the outstanding ordinary shares, though this can be increased to **9.99%** at its sole discretion with prior written notice.  **[2018529_0001213900-25-080591_ea0254289-6k_intercont.htm:2]** **[2018529_0001213900-25-080591_ea025428901ex99-1_intercont.htm:18]** 
- A Registration Rights Agreement was also executed, requiring Intercont to file a registration statement within **60 days** of the execution date to register the resale of the maximum number of ordinary shares underlying the Purchase Agreement.  **[2018529_0001213900-25-080591_ea0254289-6k_intercont.htm:2]** **[2018529_0001213900-25-080591_ea025428901ex99-2_intercont.htm:2]** **[2018529_0001213900-25-080591_ea025428901ex99-1_intercont.htm:14]**

Intercont (Cayman) (NCT)