Company: IDVV
Filing Date: 2025-08-12
Form Type: 10-12G/A
Source: 0001683168-25-005941
Chunk: 183

Company: ModuLink Inc.
Filing Date: 2025-08-12
Form: 10-12G/A
Chunk 183
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AVORS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023</div>

| NOTE 14 | NOTES PAYABLE |

Notes payable as of December 31, 2024 and 2023
consisted of the following:

| Name of Note Holder                    
 Zenith (Hong Kong) Engineering Limited |     | Principal Amount |  75,000 |     | Date of Issuance | Oct 2, 2017  |     | Outstanding Amount           
 (including accrued interest) 
 December 31, 2024            |  44,625 |     | December 31, 2023 |  64,373 |
|:---------------------------------------|:----|:-----------------|--------:|:----|:-----------------|:-------------|:----|:-----------------------------|--------:|:----|:------------------|--------:|
| Zenith (Hong Kong) Engineering Limited |     |                  |  65,000 |     |                  | Nov 17, 2019 |     |                              |  77,499 |     |                   |  90,322 |
|                                        |     | $                | 140,000 |     |                  |              |     | $                            | 122,124 |     | $                 | 154,695 |

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