Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 152

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 9A
Chunk 152
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 (formerly known
as BESH) and RFLL have engaged CETL to provide management, financial, and other business services to Beijing Ezagoo Zhicheng Internet
Technology Limited herein as “BEZL” (formerly known as Hunan Ezagoo Zhicheng Internet Technology Limited). CETL is to be
compensated with 100% of all profits generated by Hunan Ezagoo Zhicheng Internet Technology Limited. This Agreement is effective as of
July 20, 2018 and will continue in effect for a period often (10) years (the “Initial Term”), and for succeeding periods
of the same duration (each, “Subsequent Term”), until terminated by one of the following means either during the Initial
Term or thereafter: Mutual Consent, Termination by CETL, Breach or Insolvency. Beijing Ezagoo Zhicheng Internet Technology Limited
(formerly known as Hunan Ezagoo Zhicheng Internet Technology Limited) is considered to be a variable interest entity to Changsha Ezagoo
Technology Limited, and therefore a VIE of the issuer, Ezagoo Limited, a Nevada Company.

On
July 20, 2018, CETL entered into and consummated an agreement with BEID (formerly known as BESH) and RFLL whereas BEID (formerly
known as BESH) and RFLL have pledged their equity interests in Beijing Ezagoo Zhicheng Internet Technology Limited (formerly known as
Hunan Ezagoo Zhicheng Internet Technology Limited), to CETL. More information regarding this agreement can be found in exhibit 10.4,
titled, “Equity Pledge Agreement.”

On
July 20, 2018, CETL entered into a loan agreement with BEID (formerly known as BESH) and RFLL wherein CETL will loan the amount of approximately
CNY$100,000
(Chinese Yuan) to BESH and RFLL, all of which
shall be used for the benefit of Beijing Ezagoo Zhicheng Internet Technology Limited herein as “BEZL” (formerly known as
Hunan Ezagoo Zhicheng Internet Technology Limited). The total amount of the loan is due on, or before, December
31, 2018.

Beijing
Ezagoo Zhicheng Internet Technology Limited herein as “BEZL” (formerly known as Hunan Ezagoo Zhicheng Internet
Technology Limited) is the Company through which we operate