Company: HYSR
Filing Date: 2025-09-15
Form Type: 10-K
Source: 0001213900-25-087311
Chunk: 1062

Company: SUNHYDROGEN, INC.
Filing Date: 2025-09-15
Form: 10-K
Item: Item 12
Chunk 1062
---
’s tax returns for the previous
three years remain open for audit by the respective tax jurisdictions.

11.RELATED PARTY

Shareholders Loan

During the period ended December 31, 2022, the
Company entered into a $211,750 loan with the Company’s CEO for the repayment of accrued salary expense. The loan bore interest
of five percent (5%) and was to be repaid with monthly payments of $9,290, including interest and principal over a two-year period. As
of June 30, 2025 and June 30, 2024, the principal balance remaining on the loan was $0 and $45,829, respectively and interest paid during
the year ended June 30, 2025 and 2024 was $620 and $4,558, respectively.

Other Related Party Activity

See Note 7 for related party transactions with
respect to TECO 2030 A.S.A. and Newco.

12.SUBSEQUENT EVENTS

Management evaluated subsequent events as of the
date of the financial statements pursuant to ASC TOPIC 855 and had none to report.

F-19

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