Company: IDVV
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001683168-25-008369
Chunk: 18

Company: ModuLink Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part II, Item 8
Chunk 18
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 vote
together with holders of the common stock with each one Preferred A share voting as twenty thousand shares of common stock. Similarly,
each one share of Preferred A is convertible into twenty thousand shares of common stock. The Sale consummated on February 10, 2025.

In connection with the Sale,
Raymond Valdez and Bill Martin resigned from all of their positions with the Company and the following persons were appointed to the offices
set forth next to their names, effective February 10, 2025:

    Name
     
    Position
  
    TAM, Hin Wah Anthony
     
    Chairman
  
    FU, Wah
     
    Chief Executive Officer
  
    AU-YEUNG, Sai Kit
     
    Chief Financial Officer and Secretary
  
    WONG, Ho Man Alex
     
    Non-Executive Director
  
    FUNG, Kwai Kin
     
    Non-Executive Director

TAM, Hin Wah Anthony, our
Chairman of the Board is the controlling shareholder of ModuLink BVI. PUN, Ah Keung is the sole shareholder of Zenith (HK).

As part of the Sale, the each
of Bearcreek Resourses, Inc., a Montana corporation, and Tala Media Corp., a Wyoming corporation, transferred to Zenith (HK) certain convertible
promissory notes of the Company in the principal amounts of $65,000 and $75,000, respectively on January 30, 2025. The notes are 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.

The Company, Mr. Valdez, ModuLink
BVI and Zenith (HK) further agreed that the parties intend to transfer ownership of Witech to Mr. Valdez or its designees as part of the
sale of the Preferred A shares. 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