{"url_path":"/sec/cik-0001138724/10-k/2026/item-3","section_key":"item-3","section_title":"Item 3 LEGAL PROCEEDINGS.","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1138724/0001493152-26-037140-index.html","accession_number":"0001493152-26-037140","cik":"0001138724","ticker":null,"issuer_name":"Global Arena Holding, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1138724/0001493152-26-037140-index.html","primary_entity_key":"0001138724","primary_entity_name":"Global Arena Holding, Inc."},"word_count":549,"has_tables":true,"body_markdown":"ITEM\n3. LEGAL PROCEEDINGS.\n\n \n\nWe\nmay be involved in legal proceedings in the ordinary course of business. Such matters are subject to many uncertainties, and outcomes\nare not predictable with assurance.\n\n \n\nOn\nDecember 26, 2017, we entered into a settlement agreement with a prior attorney with regards to outstanding legal fees owed. Pursuant\nto this settlement agreement, we paid $25,000 on January 5, 2018, and $25,000 on February 5, 2018, and was required to pay an additional\n$200,000 during 2018. On December 14, 2020, the parties amended the settlement agreement to state that we were to pay the prior attorney\n$219,576. As of August 11, 2026, we have made total payments of $75,000 toward the remaining balance.\n\n \n\n13\n\n \n\n \n\nOn\nJune 30, 2022, we were named as a defendant in a lawsuit filed in the Supreme Court of the State of New York, Index No. 651531/2002 by\nAnthony Crisci Jr. The plaintiff alleged breach of contract and unjust enrichment relating to plaintiff’s prior employment agreement\nwith the Company. On July 19, 2023, we entered into a settlement agreement with the plaintiff and requiring the Company to pay plaintiff\n$30,000. As of April 23, 2025, the settlement was paid in full.\n\n \n\nOn\nMay 1, 2023, Brett Pezzuto and Christian Pezzuto filed a complaint in the United States District Court for the Southern District of New\nYork (Civil Action No. 1:23-cv-03591) against the Company and GES for breach of contract for failures to pay monies owed pursuant to\npromissory notes and for not providing plaintiffs an opportunity to convert their promissory notes to common stock. The plaintiffs sought\ndamages in the aggregate amount of $1,565,610. The case was settled on February 12, 2024, with an amendment to the settlement agreement\nsigned by the parties on April 19, 2024. Under this settlement agreement, the Company acknowledged the sum of $234,000 collateralized\nby confessions of judgment in favor of each plaintiff in the sum of $234,000. In addition, each plaintiff was granted 75,000,000 warrants,\nfor a total of 150,000,000 warrants, at a strike price of $0.001 per share for a period of five years.\n\n \n\nThe\nGES Notes have an outstanding principal and interest balance of $176,641 (the “GES Notes Sum”) for each plaintiff. The GES\nNotes were to be converted into stock of 1329291 B.C. Ltd in connection with its proposed acquisition of GES. The Company subsequently\ndetermined not to proceed with 1329291 B.C. Ltd’s acquisition of GES. Brett and Christian Pezzuto have the right to enforce the\nconfession of judgment plus alleged legal fees of $85,210.80 as of January 15, 2024. On April 22, 2025, the Company paid Brett Pezzuto\n$234,000 toward the settlement agreement. On July 1, 2025, the Company paid $234,000 to Christian Pezzuto toward the settlement agreement.\nOn November 14, 2025, plaintiffs filed a motion for summary judgment. The parties are in settlement negotiations.\n\n \n\nOn\nOctober 14, 2025, Jason Old filed a complaint in the District Court of Tulsa County, Oklahoma (Civil Action No. CJ-2025-04721) against\nthe Company and GES for breach of contract for failure to pay monies owned pursuant to a promissory note. On February 5, 2026, the Company\nand Mr. Old entered into a Release and Settlement Agreement, pursuant to which the parties agreed to settle the dispute and the Company\nagreed to pay Mr. Old $311,050."}