Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 147

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 147
---
 2017  |     | Outstanding Amount           
 (including accrued interest) 
 March 31, 2025               |  45,511 |     | December 31, 2024 |  44,625 |
|:---------------------------------------|:----|:-----------------|--------:|:----|:-----------------|:-------------|:----|:-----------------------------|--------:|:----|:------------------|--------:|
| Zenith (Hong Kong) Engineering Limited |     |                  |  65,000 |     |                  | Nov 17, 2019 |     |                              |  79,038 |     |                   |  77,499 |
|                                        |     | $                | 140,000 |     |                  |              |     | $                            | 124,549 |     | $                 | 122,124 |

On January 22, 2025, Raymond Valdez, the former
sole executive officer and director entered into the Stock Purchase Agreement, pursuant to which Mr. Valdez agreed to sell to ModuLink
Inc., a British Virgin Islands corporation, and Zenith (Hong Kong) Engineering Limited, a Hong Kong corporation (“Zenith (HK)”),
200,000 shares of Preferred A shares, representing all of the issued and outstanding shares of Preferred A, and the transfer of certain
promissory notes of the Company held by third parties.

Pursuant to the Stock Purchase Agreement dated
January 22, 2025, the two convertible promissory notes of the Company in the principal amounts of $65,000 and $75,000, respectively were
purchased and assigned to Zenith (HK) on January 30, 2025. The notes were originally convertible into shares of the Company’s common
stock in accordance with the terms set forth therein. On February 28, 2025, Zenith (HK) waived all rights to convert the outstanding principal
amount and any accrued but unpaid interest under the two convertible promissory notes into equity securities of the Company. Both notes
have already become due and payable. However, Zenith (HK) has indicated a willingness to work with the Company regarding repayment of
such loans. These notes are interest bearing at a rate of 8% per annum. Thus, notes payable is classified as financial liabilities and
recognized at amortized cost.

| NOTE 15 | COMMITMENTS AND CONTINGENCIES |

Contingencies

The Company accounts for