Company: MASK
Filing Date: 2025-12-02
Form Type: POS AM
Source: 0001185185-25-001899
Chunk: 267

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-12-02
Form: POS AM
Chunk 267
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 |                | - |     |      | 1,520,975 |     |      | 780,086 |

9. Accrued Expenses and Other Liabilities

|                                        |     | As of June 30, |         |     |      |   |     |      |       |
|                                        |     |           2025 |         |     | 2024 |   |     | 2023 |       |
|                                        |     |            US$ |         |     |  US$ |   |     |  US$ |       |
| Payroll payables                       |     |                | 108,407 |     |      | - |     |      |     - |
| Accrued professional fees              |     |                |  52,219 |     |      | - |     |      | 2,204 |
| Accrued audit fees                     |     |                |  14,035 |     |      | - |     |      |     - |
| Reimbursable payables                  |     |                | 516,645 |     |      | - |     |      |     - |
| Accrued expenses and other liabilities |     |                | 691,306 |     |      | - |     |      | 2,204 |

10. Convertible Note

On June 9, 2025, the Company
entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Investor”),
pursuant to which the Company (i) up to $7.4 million in face value of 8% original issue discount senior secured convertible notes (“Notes”)
and (ii) warrants (“Warrants”) to purchase up to certain number of Class A ordinary shares par value $0.0001 per share (“Shares”)
that equals 40% of the maximum principal amount of the First Tranche Note divided by the daily volume weighted average prices (“VWAPs”)
prior to the initial closing date of the First Tranche.

The Purchase Agreement provides
for three tranches of Notes and Warrants, including (i) the First Tranche, which consists of up to $2.2 million in principal amount of
Note and related Warrants, to be issued in two installments, the first installment upon signing of the Purchase Agreement and the second
installment upon the U.S. Securities and Exchange Commission (the “SEC”) declaring the initial resale