Company: ZDAN
Filing Date: 2025-01-10
Form Type: DRS/A
Source: 0001683168-25-000168
Chunk: 309

Company: Zerolimit Technology Holding Co. Ltd.
Filing Date: 2025-01-10
Form: DRS/A
Chunk 309
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411,184 |

During the year ended September 30, 2024, the Company entered into a short-term loan facility agreement with Bank of China Shenzhen Dongbin Road Branch pursuant to which a total facility of up to approximately $712,494 (RMB 5 million) was made available to the Company for the period from March 28 2024 to March 27, 2025 at a fixed interest rate of 2.90% per annum. On August 30, 2023, the Company drew down to $411,184 (RMB 3 million) of loan at a fixed interest rate of 3.55% per annum and repayment on time in year 2024.

The Company entered into a line of credit agreement
with Bank of Communications Co., Ltd. Shenzhen Branch in September 2024. As of 9/30/2024, there is no balance for this agreement.

This short-term loan was guaranteed by the below
intangible assets of the Company:

| Categories        |     | Intangible Assets pledged for bank loan                                           |     | Carrying Amount          
 As of September 30, 2024 |        |
|:------------------|:----|:----------------------------------------------------------------------------------|:----|:-------------------------|-------:|
| Patent right      |     | An improvement method of k-bucket structure of kademlia protocol                  |     | $                        |  2,209 |
| Licensed software |     | Distributed peer-to-peer network for large-scale clusters with billions of scales |     |                          |  5,790 |
| Patent right      |     | A distributed network and its construction method                                 |     |                          | 32,534 |
| Total             |     |                                                                                   |     | $                        | 40,533 |

11. Contract liabilities

|                  |     |   |         As of 
 September 30, 
          2024 |     |   |         As of 
 September 30, 
          2023 |
|:-----------------|:----|:--|--------------:|:----|:--|--------------:|
| Deferred revenue |     | $ |       420,756 |     | $ |       363,433 |
| Total            |     | $ |       420,756 |     | $ |       363,433 |

The contract liabilities consist of advance from
customers, which represent the billings or cash received for services or product sales in advance of revenue recognition