Company: IDVV
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001683168-25-006029
Chunk: 27

Company: ModuLink Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 The transfer has been completed on May 1, 2025.

The foregoing descriptions
of the Stock Purchase Agreement, each of the promissory notes transferred to Zenith (HK), and the Waiver and Amendment Agreement of promissory
notes are qualified in their entirety by reference to the Stock Purchase Agreement, which is filed as Exhibits 10.1 through and including
10.5 to this Registration Statement and are incorporated herein by reference.

Immediately prior to the closing
of the transactions contemplated in the Stock Purchase Agreement, the Company amended and restated its Articles of Incorporation to amend
the rights, powers and designations of the Series A Convertible Preferred Stock so that each holder of Preferred A shares is entitled
to vote together with holders of the common stock with each one Preferred A share voting as twenty thousand shares of common stock, representing
an increase from the prior voting ratio of one to ten thousand. Similarly, each one share of Preferred A became convertible into twenty
thousand shares of common stock, representing an increase from the prior conversion ratio of one to ten thousand. The Company also confirmed
the Company’s prior cancellation of the Series B Preferred Stock.

Acquisition of ModuLink
Investment Limited, our property development business adopting modular construction technology 

On March 28, 2025, the Company
entered into a Share Exchange Agreement (the “Share Exchange”) of all the issued and outstanding shares with the shareholders
of ModuLink Investment Limited (hereafter referred to as, ModuLink), a British Virgin Islands limited liability company. ModuLink and
its subsidiaries engage in the property development industry adopting modular construction technology by leveraging Modular Integrated
Construction (MiC), Atmospheric Water Generators (AWG), and Internet of Things (IoT) technology enhanced by AI to redefine property development.
The Company agreed to issue 2,356,712,066 shares of common stock, at a valuation of $0.0034 per share, in exchange for all the issued
and outstanding shares with the shareholders of ModuLink. The Company relied on the exemption from registration pursuant to Section 4(2)
of, and Regulation D and/or Regulation S promulgated under the Act in selling the Company’s securities to the shareholders of ModuLink.
This Share Exchange was consummated on May 1, 2025.

The foregoing description
of the Share Exchange Agreement is qualified in its entirety by reference to the Share Exchange Agreement which is filed as Exhibit 10.5
to this