Company: MASK
Filing Date: 2025-10-15
Form Type: 6-K
Source: 0001185185-25-001444
Chunk: 1

Company: 3 E Network Technology Group Ltd
Filing Date: 2025-10-15
Form: 6-K
Chunk 1
---
 to $3.0 million in principal
amount of Notes. On June 9, 2025, the Company and the Investor completed the first closing of the Purchase Agreement. Since the first
closing, the Investor has converted an aggregate of $2,050,000 face value of the First Tranche Note, with $150,000 of the First Tranche
Note remaining outstanding.

The Company and the Investor
have now entered into a letter agreement (the “Letter Agreement”), pursuant to which the parties agreed to (i) amend the First
Tranche Note such that the remaining portion thereof cannot be converted below a floor price equal to $0.63 (the “Floor Price”),
which represents 20% of the Minimum Price (as defined by Nasdaq Rules) as of June 9, 2025, the date of execution of the Purchase Agreement
and (ii) amend the Warrant such that the exercise price of the Warrant cannot be below the Floor Price, and in the event the applicable
conversion price or exercise price, as applicable, would otherwise be below such Floor Price, the Company will issue shares at the Floor
Price and pay the Investor the resulting economic difference in cash, calculated as set forth in the Letter Agreement. Further, pursuant
to the Letter Agreement, the parties also agreed that all references to the second and third tranches in the Purchase Agreement shall
no longer apply and be null and void.

The foregoing description
of the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text
of such documents, forms of which are filed as Exhibits to the Form 6-K filed by the Company on June 9, 2025, and incorporated by reference.
The Side Letter is filed hereto as Exhibit 10.1 and incorporated by reference.

This report does not constitute
an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any
such state or jurisdiction.

Forward-Looking Statements

Certain statements in this
announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are
based on the Company’s current expectations and projections about future events that the Company believes may affect its financial
condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking