Company: EGG
Filing Date: 2025-03-04
Form Type: DRS/A
Source: 0001493152-25-008991
Chunk: 204

Company: ENIGMATIG LTD
Filing Date: 2025-03-04
Form: DRS/A
Chunk 204
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 Balance at September 30, 2024                         |     |                |          - |   |

For the year ended September 30, 2023, no impairment of its holdings of USDT was recognized. The remaining balance was fully converted to fiat on October 4, 2024.

| 8 | Right-of-use assets and operating lease liabilities |

The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which results in an economic penalty.

The Company has four office premise lease agreements with lease terms ranging from one to three years, respectively. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, no right-of-use (“ROU”) assets nor lease liability was recorded for the lease with a lease term with one year.

| F-17 |

<div align='center'>ENIGMATIG LIMITED (FORMERLY KNOWN AS DESFRAN HOLDINGS LIMITED)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 8 | Right-of-use assets and operating lease liabilities (continued) |

As of September 30, 2024, the Company had the following non-cancellable lease contracts.

| Description                                                                                        
 of lease                                                                                           |     | Lease         
 term          |
| Office                                                                                             
 premise, Unit 1002B2-22, 10/F, Sunbeam Centre, 27 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong. |     | 2             
 years         |
| Office                                                                                             
 premise, 23A, 2-8 Scrutton Street, London EC2A 4RT.                                                |     | 2             
 years         |
| Office                                                                                             
 premise, Room 1903 ( Part ), No.1701, West Beijing Road, Jing ‘an District, Shanghai               |     | 3             
 years         |
| Office                                                                                             
 premise, 3 Shenton Way, #23-01, Shenton House, Singapore 068805.                                   |     | 1             
 year 3 months |

| (a) | Amount