Company: IDVV
Filing Date: 2025-09-18
Form Type: 10-12G/A
Source: 0001683168-25-007099
Chunk: 182

Company: ModuLink Inc.
Filing Date: 2025-09-18
Form: 10-12G/A
Chunk 182
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 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 loss contingencies in
accordance with ASC Topic 450 and other related guidelines.

At the end of the reporting period, there were
contingent liabilities of maximum USD 1.91 million (2023: USD 1.91 million) in respect of the subsidiary providing a corporate guarantee
to a bank for securing the general banking facilities granted to both the subsidiary and a related company wholly owned by Mr. Tam Hin
Wah Anthony.

As of December 31, 2024 and 2023, the Company’s
management is of the opinion that there are no other commitments and contingencies to account for, except for those mentioned above.

| F-38 |

<div align='center'>INTERNATIONAL ENDEAVORS CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

| NOTE 16 | STOCKHOLDERS’ EQUITY |

(A) Common Stock and Series A Convertible Preferred Shares

On February 9, 202