# EDGAR Filing Document

**Accession Number:** 0001636051
**File Stem:** 0001185185-26-000355
**Filing Date:** 2026-1
**Character Count:** 102611
**Document Hash:** 65a958c6dcf0faff4d1754965e3aa283
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-26-000355.hdr.sgml**: 20260130

**ACCESSION NUMBER**: 0001185185-26-000355

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20260130

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260130

**DATE AS OF CHANGE**: 20260130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FUSE GROUP HOLDING INC.
- **CENTRAL INDEX KEY:** 0001636051
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 471017473
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-202948
- **FILM NUMBER:** 26583900

**BUSINESS ADDRESS:**
- **STREET 1:** 805 W. DUARTE RD. #102
- **CITY:** ARCADIA
- **STATE:** CA
- **ZIP:** 91007
- **BUSINESS PHONE:** (626) 977-0000

**MAIL ADDRESS:**
- **STREET 1:** 805 W. DUARTE RD. #102
- **CITY:** ARCADIA
- **STATE:** CA
- **ZIP:** 91007

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUSE ENTERPRISES INC.
- **DATE OF NAME CHANGE:** 20150309

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

Date of Report (date of earliest event reported): **<u>January 30, 2026</u>**

**<u>Fuse Group Holding Inc.</u>**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **333-202948** | **47-1017473** |
| (State of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

**805 W. Duarte Rd., Suite 102 <u>Arcadia, CA 91007</u>**

(Address of principal executive offices)

**<u>(626) 977-0000</u>**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **None** | **N/A** | **N/A** |

---

**Item 1.01 Entry into a Definitive Material Agreement.**

On January 30, 2026, Fuse Group Holding Inc. (the "Company"), entered into three Convertible Promissory Note Purchase Agreements (the "Agreements") with three investors identified on the signature pages thereto, all of whom are Chinese citizens (the "Purchasers"). Pursuant to the Agreements, the Company sold three Convertible Promissory Notes to the Purchasers with a total principal amount of $275,000 (the "Notes"). Each of the Notes bears interest at the rate of 5% per annum, which are payable on the Maturity Date. Each of the Notes will mature on the date that is twenty-four months from the date that the purchase price of such Note is paid to the Company (the "Maturity Date"). Any outstanding principal and interest on any of the Notes may be converted to the shares of common stock of the Company at its holder's option at a conversion price of $0.07 per share at any time until the total outstanding balance of such Note is paid. The Notes were sold to the Purchasers pursuant to an exemption from registration under Regulation S, promulgated under the Securities Act of 1933, as amended.

The foregoing description of the Agreements and Notes does not purport to be complete and is qualified in its entirety by reference to the complete text of each such document, copies of which are filed as exhibits hereto and are incorporated herein by reference.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.**

See Item 1.01 above, which is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Exhibit Title or Description** |
| 10.1 | [Convertible Promissory Note Purchase Agreement by and between Fuse Group Holding, Inc. and Jianhua Wang, dated January 30, 2026.](fustex10-1.htm) |
| 10.2 | [Convertible Promissory Note, issued by Fuse Group Holding, Inc. to Jianhua Wang, dated January 30, 2026.](fustex10-2.htm) |
| 10.3 | [Convertible Promissory Note Purchase Agreement by and between Fuse Group Holding, Inc. and Guangcai Wang, dated January 30, 2026.](fustex10-3.htm) |
| 10.4 | [Convertible Promissory Note, issued by Fuse Group Holding, Inc. to Guangcai Wang, dated January 30, 2026.](fustex10-4.htm) |
| 10.5 | [Convertible Promissory Note Purchase Agreement by and between Fuse Group Holding, Inc. and Yuhao Lu, dated January 30, 2026.](fustex10-5.htm) |
| 10.6 | [Convertible Promissory Note, issued by Fuse Group Holding, Inc. to Yuhao Lu, dated January 30, 2026.](fustex10-6.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Fuse Group Holding Inc.** | **Fuse Group Holding Inc.** |
| Date: January 30, 2026 | By: | /s/ Umesh Patel |
|  |  | Umesh Patel |
|  |  | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**CONVERTIBLE PROMISSORY NOTE PURCHASEAGREEMENT**

This Convertible Promissory Note Purchase Agreement ("**Agreement**") is made and effective January 30, 2026,

---

| | |
|:---|:---|
| **BETWEEN:** | **Fuse Group Holding Inc.** (the "**Company**"), a corporation organized and existing under the laws of the State of Nevada, with its head office located at 805 W. Duarte Rd. Suite 102 Arcadia CA 91007. |

---

---

| | |
|:---|:---|
| **AND:** | Jianhua Wang, an individual resident and citizen of China ("**Purchaser**"). |

---

**WHEREAS**, Purchaser desires to purchase from the Company note in the aggregate sum of US$100,000 be evidenced by the Convertible Promissory Note.

In consideration of the mutual covenants and conditions herein contained, the parties hereby agree, represent and warrant as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. ISSUE OF NOTE

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Company will authorize the issue of its Convertible Promissory Note (hereinafter called "**Note**") to the Purchaser
in the aggregate principal amount of US$100,000 to be dated on January 30, 2026 to mature on that is twenty-four (24) months after the
Purchase Price Date, as defined in the Note, to bear interest on the unpaid principal thereof at the rate of 5% per annum until maturity,
commencing on Purchase Price Date, and after maturity at the rate of 5% per annum until Note is fully paid, and to be substantially in
the form of  **<u>Exhibit A</u>** attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. For the purposes of calculating interest for any period for which the interest shall be payable, such interest shall be calculated
on the basis of a 30-day month and a 360-day year. In the event that any of the Holder shall sell or transfer the Note, it shall notify
the Company of the name and address of the transferee and send the assignment notice to the Company for approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Company will also authorize and reserve sufficient shares of its common stock as may be required for issuance upon conversion
of the Note (hereinafter called "**Conversion Shares**") pursuant to the conversion terms hereinafter stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Purchaser has the right at any time after the date of this Agreement until the outstanding
 balance has been paid in full, at its election, to convert ()"**Conversion**") all or any portion of the outstanding
 balance of the Note into shares of Common Stock of the Company. Conversion notices in the form attached the Note
 ()"**Conversion Notice**") may be effectively delivered to the Company by any method set forth
in the "Notices" Section of this Agreement. The Company shall deliver the Conversion Shares from any conversion to Holder
in accordance with the Note. Subject to adjustment as set forth in this Agreement and the Note, the price at which the Purchaser has the
right to convert all or any portion of the outstanding balance into Common Stock of the Company is $0.07 per share of Common Stock (the
" **Conversion Price** ").

Convertible Promissory Note Agreement

2. SALE AND PURCHASE OF NOTE

The Company will sell the Note to the Purchaser and the Purchaser agrees to purchase the principal amount of the Note set opposite its names, subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Company contained herein, at the purchase price of 100% of the principal amount of $100,000 (the "**Purchase Price**"), which shall be paid by the Purchaser within 10 business days upon the execution of this Agreement.

3. REPRESENTATIONS AND WARRANTIES BY THE COMPANY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Company is a corporation duly organized and existing in good standing under the laws of the State of Nevada has the corporate power
to carry on in the business as it is now being conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this
Agreement and Note and otherwise to carry out its obligations hereunder and thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. There is no action or proceeding pending or, to the knowledge of the Company, threatened against the Company before any court or administrative
agency, the determination of which might result in any material adverse change in the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Company has not declared, set aside, paid or made any dividend or other distributions with respect to its capital stock and has
not made or caused to be made directly or indirectly, any payment or other distribution of any nature whatsoever to the holder of its
capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The Company owns or possesses adequate licenses or other rights to use, all patents, trademarks, trade names, trade secrets, and copyrights
used in its business. No one has asserted to the Company that its operations infringe on the patents, trademarks, trade secrets or other
rights utilized in the operation of its business.

4. REPRESENTATIONS AND WARRANTIES BY THE PURCHASER

The Purchaser represents and warrants that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws
of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power
and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations
hereunder and thereunder. The execution and delivery of this Agreement and
performance by the Purchaser of the transaction contemplated by this Agreement have been duly authorized by all necessary corporate, partnership,
limited liability company or similar action, as applicable, on the part of the Purchaser. This Agreement has been duly executed by the
Purchaser, and when delivered by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation
of such Purchaser, enforceable against it in accordance with its terms.

Convertible Promissory Note Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Purchaser is acquiring the Note for its own account and has no direct or indirect arrangement or understandings with any
 other persons to distribute or regarding the distribution of the Note or Conversion Shares (this representation and warranty not
 limiting the Purchaser's right to sell the Note and Conversion Shares in compliance with applicable federal and state
 securities laws). The Purchaser is acquiring the Note as principal, not as nominee or agent, and not with a view for distributing or
 reselling the Note or Conversion Shares or any part thereof in violation of the Securities Act or any applicable state securities
 law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Purchaser is a non-U.S. person (as such term is defined in Rule 902 of Regulations under the Securities Act) and is not acquiring
the Note for the account or benefit of a U.S. person. The Purchaser will not, within one year of the date of the issuance of Note or the
Conversion Shares to such Purchaser, (i) make any offers or sales of the Note or Conversion Shares in the United States or to, or for
the benefit of, a U.S. person (in each case, as defined in Regulation S) other than in accordance with Regulation S or another exemption
from the registration requirements of the Securities Act, or (ii) engage in hedging transactions with regard to the Conversion Shares
unless in compliance with the Securities Act. Neither the Purchaser nor any of Purchaser's affiliates or any person acting on his/her
or their behalf has engaged or will engage in directed selling efforts (within the meaning of Regulation S) with respect to the Note or
Conversion Shares, and all such persons have complied and will comply with the offering restriction requirements of Regulation S in connection
with the offering of the Note or Conversion Shares outside of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Purchaser, either alone or together with his/her/its representatives, has such knowledge, sophistication and experience in business
and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Note, and has so evaluated
the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Note or the Conversion
Shares and, at the present time, is able to afford a complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The Purchaser has a net worth in excess of $1,000,000 exclusive of its/his/her residences and that the Purchaser is an "accredited
investor" as defined in Rule 501(a) under the Securities Act at the time such Purchaser was offered the Note and as of the date
hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. The Purchaser hereby represents that it has satisfied itself as to the full observance by such Purchaser of the laws of the jurisdictions
applicable to the Purchaser in connection with the purchase of the Note or the execution and delivery by the Purchaser. The Purchaser's
subscription and payment for, and continued beneficial ownership of, the Note or the Conversion Shares will not violate any securities
or other laws of the Purchaser's jurisdiction applicable to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. The Purchaser understands that the Note or the Conversion Shares have not been, and will not be, registered under the Securities Act
or applicable securities laws of any state or country and therefore the Note or the Conversion Shares cannot be sold, pledged, assigned
or otherwise disposed of unless they are subsequently registered under the Securities Act and applicable state securities laws or exemptions
from such registration requirements are available. The Company shall be under no obligation
to register the Note or Conversion Shares under the Securities Act and applicable state securities laws, and any such registration shall
be in the Company's sole discretion.

Convertible Promissory Note Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. The Purchaser acknowledges that it has had the opportunity to review the information of the Company and the SEC reports filed by the
Company and has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives
of the Company ; (ii) access to information about the Company and its financial condition, results of operations, business, properties,
and management sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that
the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision
with respect to the investment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The Purchaser is not purchasing the Note as a result of any advertisement, article, notice or other communication regarding the Note
published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general
solicitation or general advertisement.

5. CONVERSION

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. In case the Company shall at any time divide its outstanding shares of Common Stock of the Company ("Common Stock") into
a greater number of shares, the conversion price in effect immediately prior to such subdivision should be proportionately reduced, and,
conversely, in the case of outstanding shares of Common Stock of the Company shall be combined into a smaller number of shares, the actual
conversion price in effect immediately prior to such combination shall be proportionately increased.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No fractional share of Common Stock shall be issued upon any conversion of the Note. If the Holder of the Note shall have converted
all the Note held by it other than a principal amount so small that less than a whole share of Common Stock would be issuable upon conversion
thereof, the Company may elect to prepay such balance, with interest accrued thereon to the date fixed for prepayment or leave the same
outstanding until the maturity of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. In any reclassification of outstanding shares of Common Stock (other than a change in stated value or from no par to par value) or
in the case of any consolidation or merger of the Company with any other company and the other company will be the surviving company,
the Company shall place a condition precedent to such transaction, so that the Holder of the Note then outstanding shall has the right
thereafter to convert its Note into the corresponding amount of shares and other securities upon such reclassification, consolidation
or merger as if such Note had been converted immediately prior to such reclassification, consolidation or merger.

6. COVENANTS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Company covenants that so long as the Note is outstanding, it will deliver to the Holder as soon as practical, the quarterly or
annual report of the Company filed with SEC including consolidated financial statements. The public filing with SEC shall be considered
that such report has been delivered to the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Company covenants that, so long as the Note are outstanding, it will permit Holder of the Note to visit and inspect, at the
 Holder's expense, any of the property of the Company, including its books and records, and to discuss affairs, finances and accounts
 with its officers, provided such visit should be in normal
business hours with reasonable advance notice. The Holder agrees that it will keep any business information of the Company in confidence
and will not trade the Company's shares when it has any material non-public information of the Company.

Convertible Promissory Note Agreement

7. NOTICE

Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via facsimile or email at the facsimile number or email attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (California time) on a business day, (b) the next business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or email attachment at the email address as set forth on the signature pages attached hereto on a day that is not a business day or later than 5:30 p.m. (California time) on any business day, (c) the second (2nd) business day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.

8. MISCELLANEOUS

&nbsp;&nbsp;&nbsp;&nbsp;a. This Agreement may not be modified, amended or terminated except by written agreement executed by all the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;b. The waiver of any breach or default hereunder shall not be considered valid unless in writing and signed by the party such waiver
is sought and no waiver shall be deemed a waiver of any subsequent breach or default of same.

&nbsp;&nbsp;&nbsp;&nbsp;c. The paragraph headings contained herein are for the purpose of convenience only and are not intended to define or limit the contents
of such.

&nbsp;&nbsp;&nbsp;&nbsp;d. The validity, construction, interpretation and enforceability of this Agreement and the Note executed pursuant to this Agreement shall
be determined and governed by the laws of the State of California. Any disputes that arise under this Agreement, shall be heard only in
the state or federal courts located in the City of Los Angeles, State of California.

&nbsp;&nbsp;&nbsp;&nbsp;e. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original.

**IN WITNESS WHEREOF**, the parties hereto have caused this Convertible Promissory Note Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

---

| | | |
|:---|:---|:---|
| **Fuse Group Holding Inc.** | **Fuse Group Holding Inc.** | **Fuse Group Holding Inc.** |
| By: | /s/ *Umesh Patel* | /s/ *Umesh Patel* |
|  | Name: | Umesh Patel |
|  | Title: | Chief Executive Officer |

---

Address for Notice: 805 W. Duarte Rd., Suite 102, Arcadia, CA 91007

Email: umeshipatel@yahoo.com

Convertible Promissory Note Agreement

[PURCHASER SIGNATURE PAGE TO CONVERTIBLE PROMISSORY NOTE PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned has caused this Convertible Promissory Note Purchase Agreement to be duly executed by its respective authorized signatory as of the date first indicated above.

Name of Purchaser:

*Signature of Authorized Signatory of Purchaser*: <u>/*s*/ *Jianhua Wang*</u>

Name of Authorized Signatory: Jianhua Wang

Title of Authorized Signatory:

Email Address of Authorized Signatory:

Facsimile Number of Authorized Signatory:

Address for Notice to Purchaser:

Address for Delivery of Note to Purchaser (if not same as address for notice):

Subscription Amount: US$100,000

## Exhibit 10.2

**Exhibit 10.2**

**CONVERTIBLE PROMISSORY NOTE**

---

| | |
|:---|:---|
| Effective Date: January 30, 2026. | U.S. $100,000 |

---

FOR VALUE RECEIVED, Fuse Group Holding Inc., a Nevada corporation ("**Borrower**"), promises to pay Jianhua Wang, an individual resident and citizen of China, ("**Lender**"), US$100,000 on the date that is twenty-four (24) months after the Purchase Price Date (the "**Maturity Date**") in accordance with the terms set forth herein and to pay interest on the Outstanding Balance at the rate of 5% per annum from the Purchase Price Date until the same is paid in full. All interest calculations hereunder shall be computed on the basis of a 360-day year comprised of twelve (12) thirty (30) day months, shall be payable on the Maturity Date. This Convertible Promissory Note (this "**Note**") is issued and made effective as of January 30, 2026 (the "**Effective Date**"). This Note is issued pursuant to that certain Convertible Note Purchase Agreement dated January 30, 2026, as the same may be amended from time to time, by and between Borrower and Lender (the "**Purchase Agreement**"). Certain capitalized terms used herein are defined in <u>Attachment 1</u> attached hereto and incorporated herein by this reference.

The purchase price for this Note shall be US$100,000 (the "**Purchase Price**") in original principal balance. The Purchase Price shall be payable by Lender by wire transfer of immediately available funds in

U.S. Dollars to the designated account by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. <u>Payment; Prepayment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Payment</u>. All payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as defined below), as provided for herein, and delivered to Lender at the address or bank account furnished to Borrower for that purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Prepayment</u>. Notwithstanding the foregoing, Borrower shall have the right to prepay all or any portion of the Outstanding Balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2. <u>Lender Optional Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Conversions</u>. Lender has the right at any time after the Purchase Price Date until the Outstanding Balance has been paid in full, at its election, to convert ("**Conversion**") all or any portion of the Outstanding Balance into shares ("**Conversion Shares**") of fully paid and non-assessable common stock, $0.001 par value per share ("**Common Stock**"), of the Borrower as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the "**Conversion Amount**") divided by the Conversion Price (as defined below). Conversion notices in the form attached hereto as <u>Exhibit A</u> (each, a "**Conversion Notice**") may be effectively delivered to Borrower by any method set forth in the "Notices" Section of the Purchase Agreement. Borrower shall deliver the Conversion Shares from any Conversion to Lender in accordance with Section 6 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Conversion Price</u>. Subject to adjustment as set forth in this Note, the price at which Lender has the right to convert all or any portion of the Outstanding Balance into Common Stock is $0.07 per share of Common Stock (the "**Conversion Price**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3. <u>Defaults and Remedies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Defaults</u>. The following are events of default under this Note (each, an "**Event of Default**"): (a) Borrower fails to pay any principal or interest when due and payable hereunder; (b) Borrower fails to deliver any Conversion Shares in accordance with the terms hereof; (c) a receiver, trustee or other similar official shall be appointed over Borrower, or a material part of its assets and such appointment shall remain uncontested for 90 days or shall not be dismissed or discharged within 180 days; (d) Borrower files a petition for relief under any bankruptcy, insolvency or similar law (domestic or foreign); (e) an involuntary bankruptcy proceeding is commenced or filed against Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Remedies</u>. At any time following the occurrence of any Event of Default and upon written notice given by Lender to Borrower, the Borrower has 45 days (the "Grace Period") from the date of the notice from Lender to cure such default. If the default is not cured after the Grace Period, Lender may accelerate this Note by written notice to Borrower, with the Outstanding Balance becoming immediately due and payable in cash. For the avoidance of doubt, Lender may continue making Conversions at any time following an Event of Default until such time as the Outstanding Balance is paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Waiver</u>. No waiver of any provision of this Note shall be effective unless it is in the form of a writing signed by the party granting the waiver. No waiver of any provision or consent to any prohibited action shall constitute a waiver of any other provision or consent to any other prohibited action, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit a party to provide a waiver or consent in the future except to the extent specifically set forth in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Adjustment of Conversion Price upon Subdivision or Combination of Common Stock</u>. Without limiting any provision hereof, if Borrower at any time on or after the Effective Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. Without limiting any provision hereof, if Borrower at any time on or after the Effective Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 5 shall become effective immediately after the effective date of such subdivision or combination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Method of Conversion Share Delivery</u>. On or before the close of business on the tenth (10th) Trading Day following the date of delivery of a Conversion Notice (the "Delivery Date"), Borrower shall deliver to Lender via reputable overnight courier, a certificate representing the number of shares of Common Stock equal to the number of Conversion Shares to which Lender shall be entitled, registered in the name of Lender. The Conversion Shares shall include a restrictive securities legend on ground that such shares have not been registered with SEC under the Securities Act of 1933 and therefore they cannot be sold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration requirements are available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Governing Law; Venue</u>. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California. The provisions set forth in the Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference. Any disputes that arise under this Note, shall be heard only in the state or federal courts located in the City of Los Angeles, State of California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Cancellation</u>. After repayment or conversion of the entire Outstanding Balance, this Note shall be deemed paid in full, shall automatically be deemed canceled, and shall not be reissued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Amendments</u>. The prior written consent of both parties hereto shall be required for any change or amendment to this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Assignments</u>. Borrower may not assign this Note without the prior written consent of Lender, subject to compliance with securities laws and regulations. This Note may not be offered, sold, assigned or transferred by Lender without the consent of Borrower and in compliance with securities laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Notices</u>. Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with the subsection of the Purchase Agreement titled "Notices."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Severability</u>. If any part of this Note is construed to be in violation of any law, such part shall be modified to achieve the objective of Borrower and Lender to the fullest extent permitted by law and the balance of this Note shall remain in full force and effect.

[*Remainder of page intentionally left blank; signature page follows*]

IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed as of the Effective Date.

---

| | |
|:---|:---|
| **BORROWER:** | **BORROWER:** |
| **Fuse Group Holding Inc.** | **Fuse Group Holding Inc.** |
| By: | */s/ Umesh Patel* |
| Name: | Umesh Patel |
| Title: | Chief Executive Officer |

---

<u>ACKNOWLEDGED, ACCEPTED AND AGREED:</u>

---

| | |
|:---|:---|
| **LENDER:** | **LENDER:** |
| By: | */s/ *Jianhua Wang* |
| Name: | Jianhua Wang |
| Title: |  |

---

[*Signature Page to Convertible Promissory Note*]

**ATTACHMENT 1 DEFINITIONS**

For purposes of this Note, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "**Outstanding Balance**" means as of any date of determination, the Purchase Price, as reduced or increased, as the case may be, pursuant to the terms hereof for payment, Conversion, offset, or otherwise, accrued but unpaid interest under this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2. "**Purchase Price Date**" means the date when the Purchase Price is delivered by Lender to Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "**Trading Day**" means any day on which the OTC Markets (or such other principal market for the Common Stock of the Company) is open for trading.

 

*[Remainder of page intentionally left blank]*

Attachment 1 to Convertible Note, Page 1

**<u>EXHIBIT A</u>**

To: Fuse Group Holding Inc.

Umesh Patel, Chief Executive Officer

805 W. Duarte Rd., Suite 102, Arcadia, CA 91007

**CONVERSION NOTICE**

The above-captioned Lender hereby gives notice to Fuse Group Holding Inc., a Nevada corporation (the "**Borrower**"), pursuant to that certain Convertible Promissory Note made by Borrower in favor of Lender on January 30, 2026 (the "**Note**"), that Lender elects to convert the portion of the Note balance set forth below into fully paid and non-assessable shares of Common Stock of Borrower as of the date of conversion specified below. Said conversion shall be based on the Conversion Price set forth below. In the event of a conflict between this Conversion Notice and the Note, the Note shall govern. Capitalized terms used in this notice without definition shall have the meanings given to them in the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Date of Conversion:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Conversion #:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Conversion Amount:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Conversion Price:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Conversion Shares:<u> </u>(C divided by D)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Remaining Outstanding Balance of Note:<u> </u>

Deliver all such certificated shares to Lender via reputable overnight courier after receipt of this Conversion Promissory Notice (by facsimile transmission or otherwise) to:

<u> </u>

<u> </u>

<u> </u>

Sincerely,

Lender:

---

| |
|:---|
| By: |
| Name: |

---

Exhibit A to Convertible Promissory Note, Page 1

## Exhibit 10.3

**Exhibit 10.3** 

**CONVERTIBLE PROMISSORY NOTE PURCHASEAGREEMENT**

This Convertible Promissory Note Purchase Agreement ("**Agreement**") is made and effective January 30, 2026,

---

| | |
|:---|:---|
| **BETWEEN:** | **Fuse Group Holding Inc.** (the "**Company**"), a corporation organized and existing under the laws of the State of Nevada, with its head office located at 805 W. Duarte Rd. Suite 102 Arcadia CA 91007. |
| **AND:** | Guangcai Wang, an individual resident and citizen of China ("**Purchaser**"). |

---

**WHEREAS**, Purchaser desires to purchase from the Company note in the aggregate sum of US$100,000 be evidenced by the Convertible Promissory Note.

In consideration of the mutual covenants and conditions herein contained, the parties hereby agree, represent and warrant as follows:

**1.** **ISSUE OF NOTE** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The
 Company will authorize the issue of its Convertible Promissory Note (hereinafter called "**Note** ")
 to the Purchaser in the aggregate principal amount of US$100,000 to be dated on January 30,
 2026 to mature on that is twenty-four (24) months after the Purchase Price Date, as defined
 in the Note, to bear interest on the unpaid principal thereof at the rate of 5% per annum
 until maturity, commencing on Purchase Price Date, and after maturity at the rate of 5% per
 annum until Note is fully paid, and to be substantially in the form of  **<u>Exhibit A</u>** attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. For
 the purposes of calculating interest for any period for which the interest shall be payable,
 such interest shall be calculated on the basis of a 30-day month and a 360-day year. In the
 event that any of the Holder shall sell or transfer the Note, it shall notify the Company
 of the name and address of the transferee and send the assignment notice to the Company for
 approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 Company will also authorize and reserve sufficient shares of its common stock as may be required
 for issuance upon conversion of the Note (hereinafter called "**Conversion Shares** ")
 pursuant to the conversion terms hereinafter stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The
 Purchaser has the right at any time after the date of this Agreement until the outstanding
 balance has been paid in full, at its election, to convert ()"**Conversion** ")
 all or any portion of the outstanding balance of the Note into shares of Common Stock of
 the Company. Conversion notices in the form attached the Note ()"**Conversion Notice** ")
 may be effectively delivered to the Company by any method set forth in the "Notices"
 Section of this Agreement. The Company shall deliver the Conversion Shares from any conversion
 to Holder in accordance with the Note. Subject to adjustment as set forth in this Agreement
 and the Note, the price at which the Purchaser has the right to convert all or any portion
 of the outstanding balance into Common Stock of the Company is $0.07 per share of Common
 Stock (the "**Conversion Price** ").

Convertible Promissory Note Agreement

**2.** **SALE AND PURCHASE OF NOTE** 

The Company will sell the Note to the Purchaser and the Purchaser agrees to purchase the principal amount of the Note set opposite its names, subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Company contained herein, at the purchase price of 100% of the principal amount of $100,000 (the "**Purchase Price**"), which shall be paid by the Purchaser within 10 business days upon the execution of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **REPRESENTATIONS AND WARRANTIES BY THE COMPANY** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Company
 is a corporation duly organized and existing in good standing under the laws of the State
 of Nevada has the corporate power to carry on in the business as it is now being conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 Company has the requisite corporate power and authority to enter into and to consummate the
 transactions contemplated by this Agreement and Note and otherwise to carry out its obligations
 hereunder and thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. There
 is no action or proceeding pending or, to the knowledge of the Company, threatened against
 the Company before any court or administrative agency, the determination of which might result
 in any material adverse change in the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The
 Company has not declared, set aside, paid or made any dividend or other distributions with
 respect to its capital stock and has not made or caused to be made directly or indirectly,
 any payment or other distribution of any nature whatsoever to the holder of its capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The
 Company owns or possesses adequate licenses or other rights to use, all patents, trademarks,
 trade names, trade secrets, and copyrights used in its business. No one has asserted to the
 Company that its operations infringe on the patents, trademarks, trade secrets or other rights
 utilized in the operation of its business.

**4.** **REPRESENTATIONS AND WARRANTIES BY THE PURCHASER** 

The Purchaser represents and warrants that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The
 Purchaser is either an individual or an entity duly incorporated or formed, validly existing
 and in good standing under the laws of the jurisdiction of its incorporation or formation
 with full right, corporate, partnership, limited liability company or similar power and authority
 to enter into and to consummate the transactions contemplated by this Agreement and otherwise
 to carry out its obligations hereunder and thereunder. The execution and delivery of this
 Agreement and performance by the Purchaser of the transaction contemplated by this Agreement
 have been duly authorized by all necessary corporate, partnership, limited liability company
 or similar action, as applicable, on the part of the Purchaser. This Agreement has been duly
 executed by the Purchaser, and when delivered by the Purchaser in accordance with the terms
 hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable
 against it in accordance with its terms.

Convertible Promissory Note Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 Purchaser is acquiring the Note for its own account and has no direct or indirect arrangement
 or understandings with any other persons to distribute or regarding the distribution of the
 Note or Conversion Shares (this representation and warranty not limiting the Purchaser's
 right to sell the Note and Conversion Shares in compliance with applicable federal and state
 securities laws). The Purchaser is acquiring the Note as principal, not as nominee or agent,
 and not with a view for distributing or reselling the Note or Conversion Shares or any part
 thereof in violation of the Securities Act or any applicable state securities law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 Purchaser is a non-U.S. person (as such term is defined in Rule 902 of Regulations under
 the Securities Act) and is not acquiring the Note for the account or benefit of a U.S. person.
 The Purchaser will not, within one year of the date of the issuance of Note or the Conversion
 Shares to such Purchaser, (i) make any offers or sales of the Note or Conversion Shares in
 the United States or to, or for the benefit of, a U.S. person (in each case, as defined in
 Regulation S) other than in accordance with Regulation S or another exemption from the registration
 requirements of the Securities Act, or (ii) engage in hedging transactions with regard to
 the Conversion Shares unless in compliance with the Securities Act. Neither the Purchaser
 nor any of Purchaser's affiliates or any person acting on his/her or their behalf has
 engaged or will engage in directed selling efforts (within the meaning of Regulation S) with
 respect to the Note or Conversion Shares, and all such persons have complied and will comply
 with the offering restriction requirements of Regulation S in connection with the offering
 of the Note or Conversion Shares outside of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The
 Purchaser, either alone or together with his/her/its representatives, has such knowledge,
 sophistication and experience in business and financial matters so as to be capable of evaluating
 the merits and risks of the prospective investment in the Note, and has so evaluated the
 merits and risks of such investment. The Purchaser is able to bear the economic risk of an
 investment in the Note or the Conversion Shares and, at the present time, is able to afford
 a complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The
 Purchaser has a net worth in excess of $1,000,000 exclusive of its/his/her residences and
 that the Purchaser is an "accredited investor" as defined in Rule 501(a) under
 the Securities Act at the time such Purchaser was offered the Note and as of the date hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. The
 Purchaser hereby represents that it has satisfied itself as to the full observance by such
 Purchaser of the laws of the jurisdictions applicable to the Purchaser in connection with
 the purchase of the Note or the execution and delivery by the Purchaser. The Purchaser's
 subscription and payment for, and continued beneficial ownership of, the Note or the Conversion
 Shares will not violate any securities or other laws of the Purchaser's jurisdiction
 applicable to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. The
 Purchaser understands that the Note or the Conversion Shares have not been, and will not
 be, registered under the Securities Act or applicable securities laws of any state or country
 and therefore the Note or the Conversion Shares cannot be sold, pledged, assigned or otherwise
 disposed of unless they are subsequently registered under the Securities Act and applicable
 state securities laws or exemptions from such registration requirements are available. The
 Company shall be under no obligation to register the Note or Conversion Shares under the
 Securities Act and applicable state securities laws, and any such registration shall be in
 the Company's sole discretion.

Convertible Promissory Note Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. The
 Purchaser acknowledges that it has had the opportunity to review the information of the Company
 and the SEC reports filed by the Company and has been afforded (i) the opportunity to ask
 such questions as it has deemed necessary of, and to receive answers from, representatives
 of the Company ; (ii) access to information about the Company and its financial condition,
 results of operations, business, properties, and management sufficient to enable it to evaluate
 its investment; and (iii) the opportunity to obtain such additional information that the
 Company possesses or can acquire without unreasonable effort or expense that is necessary
 to make an informed investment decision with respect to the investment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The
 Purchaser is not purchasing the Note as a result of any advertisement, article, notice or
 other communication regarding the Note published in any newspaper, magazine or similar media
 or broadcast over television or radio or presented at any seminar or any other general solicitation
 or general advertisement.

**5.** **CONVERSION** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. In
 case the Company shall at any time divide its outstanding shares of Common Stock of the Company
 ("Common Stock") into a greater number of shares, the conversion price in effect
 immediately prior to such subdivision should be proportionately reduced, and, conversely,
 in the case of outstanding shares of Common Stock of the Company shall be combined into a
 smaller number of shares, the actual conversion price in effect immediately prior to such
 combination shall be proportionately increased.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No
 fractional share of Common Stock shall be issued upon any conversion of the Note. If the
 Holder of the Note shall have converted all the Note held by it other than a principal amount
 so small that less than a whole share of Common Stock would be issuable upon conversion thereof,
 the Company may elect to prepay such balance, with interest accrued thereon to the date fixed
 for prepayment or leave the same outstanding until the maturity of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. In
 any reclassification of outstanding shares of Common Stock (other than a change in stated
 value or from no par to par value) or in the case of any consolidation or merger of the Company
 with any other company and the other company will be the surviving company, the Company shall
 place a condition precedent to such transaction, so that the Holder of the Note then outstanding
 shall has the right thereafter to convert its Note into the corresponding amount of shares
 and other securities upon such reclassification, consolidation or merger as if such Note
 had been converted immediately prior to such reclassification, consolidation or merger.

**6.** **COVENANTS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The
 Company covenants that so long as the Note is outstanding, it will deliver to the Holder
 as soon as practical, the quarterly or annual report of the Company filed with SEC including
 consolidated financial statements. The public filing with SEC shall be considered that such
 report has been delivered to the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 Company covenants that, so long as the Note are outstanding, it will permit Holder of the
 Note to visit and inspect, at the Holder's expense, any of the property of the Company, including
 its books and records, and to discuss affairs, finances and accounts with its officers, provided
 such visit should be in normal business hours with reasonable advance notice. The Holder
 agrees that it will keep any business information of the Company in confidence and will not
 trade the Company's shares when it has any material non-public information of the Company.

Convertible Promissory Note Agreement

**7.** **NOTICE** 

Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via facsimile or email at the facsimile number or email attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (California time) on a business day, (b) the next business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or email attachment at the email address as set forth on the signature pages attached hereto on a day that is not a business day or later than 5:30 p.m. (California time) on any business day, (c) the second (2nd) business day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.

**8.** **MISCELLANEOUS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. This
 Agreement may not be modified, amended or terminated except by written agreement executed
 by all the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 waiver of any breach or default hereunder shall not be considered valid unless in writing
 and signed by the party such waiver is sought and no waiver shall be deemed a waiver of any
 subsequent breach or default of same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 paragraph headings contained herein are for the purpose of convenience only and are not intended
 to define or limit the contents of such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The
 validity, construction, interpretation and enforceability of this Agreement and the Note
 executed pursuant to this Agreement shall be determined and governed by the laws of the State
 of California. Any disputes that arise under this Agreement, shall be heard only in the state
 or federal courts located in the City of Los Angeles, State of California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. This
 Agreement may be executed in one or more counterparts, each of which shall be deemed an original.

**IN WITNESS WHEREOF**, the parties hereto have caused this Convertible Promissory Note Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

**Fuse Group Holding Inc.**

---

| | | |
|:---|:---|:---|
| By: | /s/ *Umesh Patel* | /s/ *Umesh Patel* |
|  | Name: | Umesh Patel |
|  | Title: | Chief Executive Officer |

---

Address for Notice: 805 W. Duarte Rd., Suite 102, Arcadia, CA 91007

Email: umeshipatel@yahoo.com

Convertible Promissory Note Agreement

[PURCHASER SIGNATURE PAGE TO CONVERTIBLE PROMISSORY NOTE PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned has caused this Convertible Promissory Note Purchase Agreement to be duly executed by its respective authorized signatory as of the date first indicated above.

Name of Purchaser:

*Signature of Authorized Signatory of Purchaser*: <u>/*s*/ Guangcai Wang</u> 

Name of Authorized Signatory: Guangcai Wang

Title of Authorized Signatory:

Email Address of Authorized Signatory:

Facsimile Number of Authorized Signatory:

Address for Notice to Purchaser:

Address for Delivery of Note to Purchaser (if not same as address for notice):

Subscription Amount: US$100,000

## Exhibit 10.4

**Exhibit 10.4**

**CONVERTIBLE PROMISSORY NOTE**

---

| | |
|:---|:---|
| Effective Date: January 30, 2026. | U.S. $100,000 |

---

FOR VALUE RECEIVED, Fuse Group Holding Inc., a Nevada corporation ("**Borrower**"), promises to pay Guangcai Wang, an individual resident and citizen of China, ("**Lender**"), US$100,000 on the date that is twenty-four (24) months after the Purchase Price Date (the "**Maturity Date**") in accordance with the terms set forth herein and to pay interest on the Outstanding Balance at the rate of 5% per annum from the Purchase Price Date until the same is paid in full. All interest calculations hereunder shall be computed on the basis of a 360-day year comprised of twelve (12) thirty (30) day months, shall be payable on the Maturity Date. This Convertible Promissory Note (this "**Note**") is issued and made effective as of January 30, 2026 (the "**Effective Date**"). This Note is issued pursuant to that certain Convertible Note Purchase Agreement dated January 30, 2026, as the same may be amended from time to time, by and between Borrower and Lender (the "**Purchase Agreement**"). Certain capitalized terms used herein are defined in <u>Attachment 1</u> attached hereto and incorporated herein by this reference.

The purchase price for this Note shall be US$100,000 (the "**Purchase Price**") in original principal balance. The Purchase Price shall be payable by Lender by wire transfer of immediately available funds in U.S. Dollars to the designated account by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Payment; Prepayment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Payment</u>. All payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as defined below), as provided for herein, and delivered to Lender at the address or bank account furnished to Borrower for that purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Prepayment</u>. Notwithstanding the foregoing, Borrower shall have the right to prepay all or any portion of the Outstanding Balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Lender Optional Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Conversions</u>. Lender has the right at any time after the Purchase Price Date until the Outstanding Balance has been paid in full, at its election, to convert ("**Conversion**") all or any portion of the Outstanding Balance into shares ("**Conversion Shares**") of fully paid and non-assessable common stock, $0.001 par value per share ("**Common Stock**"), of the Borrower as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the "**Conversion Amount**") divided by the Conversion Price (as defined below). Conversion notices in the form attached hereto as <u>Exhibit A</u> (each, a "**Conversion Notice**") may be effectively delivered to Borrower by any method set forth in the "Notices" Section of the Purchase Agreement. Borrower shall deliver the Conversion Shares from any Conversion to Lender in accordance with Section 6 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Conversion Price</u>. Subject to adjustment as set forth in this Note, the price at which Lender has the right to convert all or any portion of the Outstanding Balance into Common Stock is $0.07 per share of Common Stock (the "**Conversion Price**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Defaults and Remedies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Defaults</u>. The following are events of default under this Note (each, an "**Event of Default**"): (a) Borrower fails to pay any principal or interest when due and payable hereunder; (b) Borrower fails to deliver any Conversion Shares in accordance with the terms hereof; (c) a receiver, trustee or other similar official shall be appointed over Borrower, or a material part of its assets and such appointment shall remain uncontested for 90 days or shall not be dismissed or discharged within 180 days; (d) Borrower files a petition for relief under any bankruptcy, insolvency or similar law (domestic or foreign); (e) an involuntary bankruptcy proceeding is commenced or filed against Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Remedies</u>. At any time following the occurrence of any Event of Default and upon written notice given by Lender to Borrower, the Borrower has 45 days (the "Grace Period") from the date of the notice from Lender to cure such default. If the default is not cured after the Grace Period, Lender may accelerate this Note by written notice to Borrower, with the Outstanding Balance becoming immediately due and payable in cash. For the avoidance of doubt, Lender may continue making Conversions at any time following an Event of Default until such time as the Outstanding Balance is paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Waiver</u>. No waiver of any provision of this Note shall be effective unless it is in the form of a writing signed by the party granting the waiver. No waiver of any provision or consent to any prohibited action shall constitute a waiver of any other provision or consent to any other prohibited action, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit a party to provide a waiver or consent in the future except to the extent specifically set forth in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Adjustment of Conversion Price upon Subdivision or Combination of Common Stock</u>. Without limiting any provision hereof, if Borrower at any time on or after the Effective Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. Without limiting any provision hereof, if Borrower at any time on or after the Effective Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 5 shall become effective immediately after the effective date of such subdivision or combination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Method of Conversion Share Delivery</u>. On or before the close of business on the tenth (10th) Trading Day following the date of delivery of a Conversion Notice (the "Delivery Date"), Borrower shall deliver to Lender via reputable overnight courier, a certificate representing the number of shares of Common Stock equal to the number of Conversion Shares to which Lender shall be entitled, registered in the name of Lender. The Conversion Shares shall include a restrictive securities legend on ground that such shares have not been registered with SEC under the Securities Act of 1933 and therefore they cannot be sold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration requirements are available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Governing Law; Venue</u>. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California. The provisions set forth in the Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference. Any disputes that arise under this Note, shall be heard only in the state or federal courts located in the City of Los Angeles, State of California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Cancellation</u>. After repayment or conversion of the entire Outstanding Balance, this Note shall be deemed paid in full, shall automatically be deemed canceled, and shall not be reissued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Amendments</u>. The prior written consent of both parties hereto shall be required for any change or amendment to this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Assignments</u>. Borrower may not assign this Note without the prior written consent of Lender, subject to compliance with securities laws and regulations. This Note may not be offered, sold, assigned or transferred by Lender without the consent of Borrower and in compliance with securities laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Notices</u>. Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with the subsection of the Purchase Agreement titled "Notices."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Severability</u>. If any part of this Note is construed to be in violation of any law, such part shall be modified to achieve the objective of Borrower and Lender to the fullest extent permitted by law and the balance of this Note shall remain in full force and effect.

[*Remainder of page intentionally left blank; signature page follows*]

IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed as of the Effective Date.

---

| | |
|:---|:---|
| **BORROWER:** | **BORROWER:** |
| **Fuse Group Holding Inc.** | **Fuse Group Holding Inc.** |
| By: | */s/ Umesh Patel* |
| Name: | Umesh Patel |
| Title: | Chief Executive Officer |

---

<u>ACKNOWLEDGED, ACCEPTED AND AGREED:</u>

---

| | |
|:---|:---|
| **LENDER:** | **LENDER:** |
| By: | */s/ Guangcai Wang* |
| Name: | Guangcai Wang |
| Title: |  |

---

[*Signature Page to Convertible Promissory Note*]

**ATTACHMENT 1**

**DEFINITIONS**

For purposes of this Note, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "**Outstanding Balance**" means as of any date of determination, the Purchase Price, as reduced or increased, as the case may be, pursuant to the terms hereof for payment, Conversion, offset, or otherwise, accrued but unpaid interest under this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "**Purchase Price Date**" means the date when the Purchase Price is delivered by Lender to Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "**Trading Day**" means any day on which the OTC Markets (or such other principal market for the Common Stock of the Company) is open for trading.

*[Remainder of page intentionally left blank]*

 

Attachment 1 to Convertible Note, Page 1

**<u>EXHIBIT A</u>**

To: Fuse Group Holding Inc.

Umesh Patel, Chief Executive Officer

805 W. Duarte Rd., Suite 102, Arcadia, CA 91007

**CONVERSION NOTICE**

The above-captioned Lender hereby gives notice to Fuse Group Holding Inc., a Nevada corporation (the "**Borrower**"), pursuant to that certain Convertible Promissory Note made by Borrower in favor of Lender on January 30, 2026 (the "**Note**"), that Lender elects to convert the portion of the Note balance set forth below into fully paid and non-assessable shares of Common Stock of Borrower as of the date of conversion specified below. Said conversion shall be based on the Conversion Price set forth below. In the event of a conflict between this Conversion Notice and the Note, the Note shall govern. Capitalized terms used in this notice without definition shall have the meanings given to them in the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Date of Conversion:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Conversion #:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Conversion Amount:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Conversion Price:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Conversion Shares:<u> </u>(C divided by D)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Remaining Outstanding Balance of Note:<u> </u>

Deliver all such certificated shares to Lender via reputable overnight courier after receipt of this Conversion Promissory Notice (by facsimile transmission or otherwise) to:

<u> </u>

<u> </u>

<u> </u>

Sincerely,

Lender:

---

| |
|:---|
| By: |
| Name: |

---

Exhibit A to Convertible Promissory Note, Page 1

## Exhibit 10.5

**Exhibit 10.5**

**CONVERTIBLE PROMISSORY NOTE PURCHASEAGREEMENT**

This Convertible Promissory Note Purchase Agreement ("**Agreement**") is made and effective January 30, 2026,

---

| | |
|:---|:---|
| **BETWEEN:** | **Fuse Group Holding Inc.** (the "**Company**"), a corporation organized and existing under the laws of the State of Nevada, with its head office located at 805 W. Duarte Rd. Suite 102 Arcadia CA 91007. |

---

---

| | |
|:---|:---|
| **AND:** | Yuhao Lu, an individual resident and citizen of China ("**Purchaser**"). |

---

**WHEREAS**, Purchaser desires to purchase from the Company note in the aggregate sum of US$75,000 be evidenced by the Convertible Promissory Note.

In consideration of the mutual covenants and conditions herein contained, the parties hereby agree, represent and warrant as follows:

1. ISSUE OF NOTE

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Company will authorize the issue of its Convertible Promissory Note (hereinafter called "**Note**") to the Purchaser
in the aggregate principal amount of US$75,000 to be dated on January 30, 2026 to mature on that is twenty-four (24) months after the
Purchase Price Date, as defined in the Note, to bear interest on the unpaid principal thereof at the rate of 5% per annum until maturity,
commencing on Purchase Price Date, and after maturity at the rate of 5% per annum until Note is fully paid, and to be substantially in
the form of  **<u>Exhibit A</u>** attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. For the purposes of calculating interest for any period for which the interest shall be payable, such interest shall be calculated
on the basis of a 30-day month and a 360-day year. In the event that any of the Holder shall sell or transfer the Note, it shall notify
the Company of the name and address of the transferee and send the assignment notice to the Company for approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Company will also authorize and reserve sufficient shares of its common stock as may be required for issuance upon conversion
of the Note (hereinafter called "**Conversion Shares**") pursuant to the conversion terms hereinafter stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Purchaser has the right at any time after the date of this Agreement until the outstanding
 balance has been paid in full, at its election, to convert ()"**Conversion**") all or any portion of the outstanding
 balance of the Note into shares of Common Stock of the Company. Conversion notices in the form attached the Note
 ()"**Conversion Notice**") may be effectively delivered to the Company by any method set forth
in the "Notices" Section of this Agreement. The Company shall deliver the Conversion Shares from any conversion to Holder
in accordance with the Note. Subject to adjustment as set forth in this Agreement and the Note, the price at which the Purchaser has the
right to convert all or any portion of the outstanding balance into Common Stock of the Company is $0.07 per share of Common Stock (the
" **Conversion Price** ").

Convertible Promissory Note Agreement

2. SALE AND PURCHASE OF NOTE

The Company will sell the Note to the Purchaser and the Purchaser agrees to purchase the principal amount of the Note set opposite its names, subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Company contained herein, at the purchase price of 100% of the principal amount of $75,000 (the "**Purchase Price**"), which shall be paid by the Purchaser within 10 business days upon the execution of this Agreement.

3. REPRESENTATIONS AND WARRANTIES BY THE COMPANY

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Company is a corporation duly organized and existing in good standing under the laws of the State of Nevada has the corporate power
to carry on in the business as it is now being conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this
Agreement and Note and otherwise to carry out its obligations hereunder and thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. There is no action or proceeding pending or, to the knowledge of the Company, threatened against the Company before any court or administrative
agency, the determination of which might result in any material adverse change in the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Company has not declared, set aside, paid or made any dividend or other distributions with respect to its capital stock and has
not made or caused to be made directly or indirectly, any payment or other distribution of any nature whatsoever to the holder of its
capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The Company owns or possesses adequate licenses or other rights to use, all patents, trademarks, trade names, trade secrets, and copyrights
used in its business. No one has asserted to the Company that its operations infringe on the patents, trademarks, trade secrets or other
rights utilized in the operation of its business.

4. REPRESENTATIONS AND WARRANTIES BY THE PURCHASER

The Purchaser represents and warrants that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws
of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power
and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations
hereunder and thereunder. The execution and delivery of this Agreement and
performance by the Purchaser of the transaction contemplated by this Agreement have been duly authorized by all necessary corporate, partnership,
limited liability company or similar action, as applicable, on the part of the Purchaser. This Agreement has been duly executed by the
Purchaser, and when delivered by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation
of such Purchaser, enforceable against it in accordance with its terms.

Convertible Promissory Note Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Purchaser is acquiring the Note for its own account and has no direct or indirect arrangement or understandings with any other
persons to distribute or regarding the distribution of the Note or Conversion Shares (this representation and warranty not limiting the
Purchaser's right to sell the Note and Conversion Shares in compliance with applicable federal and state securities laws). The Purchaser
is acquiring the Note as principal, not as nominee or agent, and not with a view for distributing or reselling the Note or Conversion
Shares or any part thereof in violation of the Securities Act or any applicable state securities law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Purchaser is a non-U.S. person (as such term is defined in Rule 902 of Regulations under the Securities Act) and is not acquiring
the Note for the account or benefit of a U.S. person. The Purchaser will not, within one year of the date of the issuance of Note or the
Conversion Shares to such Purchaser, (i) make any offers or sales of the Note or Conversion Shares in the United States or to, or for
the benefit of, a U.S. person (in each case, as defined in Regulation S) other than in accordance with Regulation S or another exemption
from the registration requirements of the Securities Act, or (ii) engage in hedging transactions with regard to the Conversion Shares
unless in compliance with the Securities Act. Neither the Purchaser nor any of Purchaser's affiliates or any person acting on his/her
or their behalf has engaged or will engage in directed selling efforts (within the meaning of Regulation S) with respect to the Note or
Conversion Shares, and all such persons have complied and will comply with the offering restriction requirements of Regulation S in connection
with the offering of the Note or Conversion Shares outside of the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The Purchaser, either alone or together with his/her/its representatives, has such knowledge, sophistication and experience in business
and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Note, and has so evaluated
the merits and risks of such investment. The Purchaser is able to bear the economic risk of an investment in the Note or the Conversion
Shares and, at the present time, is able to afford a complete loss of such investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. The Purchaser has a net worth in excess of $1,000,000 exclusive of its/his/her residences and that the Purchaser is an "accredited
investor" as defined in Rule 501(a) under the Securities Act at the time such Purchaser was offered the Note and as of the date
hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. The Purchaser hereby represents that it has satisfied itself as to the full observance by such Purchaser of the laws of the jurisdictions
applicable to the Purchaser in connection with the purchase of the Note or the execution and delivery by the Purchaser. The Purchaser's
subscription and payment for, and continued beneficial ownership of, the Note or the Conversion Shares will not violate any securities
or other laws of the Purchaser's jurisdiction applicable to the Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. The Purchaser understands that the Note or the Conversion Shares have not been, and will not be, registered under the Securities Act
or applicable securities laws of any state or country and therefore the Note or the Conversion Shares cannot be sold, pledged, assigned
or otherwise disposed of unless they are subsequently registered under the Securities Act and applicable state securities laws or exemptions
from such registration requirements are available. The Company shall be under no obligation
to register the Note or Conversion Shares under the Securities Act and applicable state securities laws, and any such registration shall
be in the Company's sole discretion.

Convertible Promissory Note Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. The Purchaser acknowledges that it has had the opportunity to review the information of the Company and the SEC reports filed by the
Company and has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives
of the Company ; (ii) access to information about the Company and its financial condition, results of operations, business, properties,
and management sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such additional information that
the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision
with respect to the investment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. The Purchaser is not purchasing the Note as a result of any advertisement, article, notice or other communication regarding the Note
published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general
solicitation or general advertisement.

5. CONVERSION

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. In case the Company shall at any time divide its outstanding shares of Common Stock of the Company ("Common Stock") into
a greater number of shares, the conversion price in effect immediately prior to such subdivision should be proportionately reduced, and,
conversely, in the case of outstanding shares of Common Stock of the Company shall be combined into a smaller number of shares, the actual
conversion price in effect immediately prior to such combination shall be proportionately increased.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. No fractional share of Common Stock shall be issued upon any conversion of the Note. If the Holder of the Note shall have converted
all the Note held by it other than a principal amount so small that less than a whole share of Common Stock would be issuable upon conversion
thereof, the Company may elect to prepay such balance, with interest accrued thereon to the date fixed for prepayment or leave the same
outstanding until the maturity of the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. In any reclassification of outstanding shares of Common Stock (other than a change in stated value or from no par to par value) or
in the case of any consolidation or merger of the Company with any other company and the other company will be the surviving company,
the Company shall place a condition precedent to such transaction, so that the Holder of the Note then outstanding shall has the right
thereafter to convert its Note into the corresponding amount of shares and other securities upon such reclassification, consolidation
or merger as if such Note had been converted immediately prior to such reclassification, consolidation or merger.

6. COVENANTS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The Company covenants that so long as the Note is outstanding, it will deliver to the Holder as soon as practical, the quarterly or
annual report of the Company filed with SEC including consolidated financial statements. The public filing with SEC shall be considered
that such report has been delivered to the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Company covenants that, so long as the Note are outstanding, it will permit Holder of the Note to visit and inspect, at the
 Holder's expense, any of the property of the Company, including its books and records, and to discuss affairs, finances and accounts
 with its officers, provided such visit should be in normal
business hours with reasonable advance notice. The Holder agrees that it will keep any business information of the Company in confidence
and will not trade the Company's shares when it has any material non-public information of the Company.

Convertible Promissory Note Agreement

7. NOTICE

Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered via facsimile or email at the facsimile number or email attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (California time) on a business day, (b) the next business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or email attachment at the email address as set forth on the signature pages attached hereto on a day that is not a business day or later than 5:30 p.m. (California time) on any business day, (c) the second (2nd) business day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (d) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.

8. MISCELLANEOUS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. This Agreement may not be modified, amended or terminated except by written agreement executed by all the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The waiver of any breach or default hereunder shall not be considered valid unless in writing and signed by the party such waiver
is sought and no waiver shall be deemed a waiver of any subsequent breach or default of same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The paragraph headings contained herein are for the purpose of convenience only and are not intended to define or limit the contents
of such.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The validity, construction, interpretation and enforceability of this Agreement and the Note executed pursuant to this Agreement shall
be determined and governed by the laws of the State of California. Any disputes that arise under this Agreement, shall be heard only in
the state or federal courts located in the City of Los Angeles, State of California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original.

**IN WITNESS WHEREOF**, the parties hereto have caused this Convertible Promissory Note Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

**Fuse Group Holding Inc.**

---

| | | |
|:---|:---|:---|
| By: | /s/ *Umesh Patel* | /s/ *Umesh Patel* |
|  | Name: | Umesh Patel |
|  | Title: | Chief Executive Officer |

---

Address for Notice: 805 W. Duarte Rd., Suite 102, Arcadia, CA 91007

Email: umeshipatel@yahoo.com

Convertible Promissory Note Agreement

[PURCHASER SIGNATURE PAGE TO CONVERTIBLE PROMISSORY NOTE PURCHASE AGREEMENT]

IN WITNESS WHEREOF, the undersigned has caused this Convertible Promissory Note Purchase Agreement to be duly executed by its respective authorized signatory as of the date first indicated above.

Name of Purchaser:

*Signature of Authorized Signatory of Purchaser*: <u>/*s*/ *Yuhao Lu*</u>

Name of Authorized Signatory: Yuhao Lu

Title of Authorized Signatory:

Email Address of Authorized Signatory:

Facsimile Number of Authorized Signatory:

Address for Notice to Purchaser:

Address for Delivery of Note to Purchaser (if not same as address for notice):

Subscription Amount: US$75,000

## Exhibit 10.6

**Exhibit 10.6**

**CONVERTIBLE PROMISSORY NOTE**

---

| | |
|:---|:---|
| Effective Date: January 30, 2026. | U.S. $75,000 |

---

FOR VALUE RECEIVED, Fuse Group Holding Inc., a Nevada corporation ("**Borrower**"), promises to pay Yuhao Lu, an individual resident and citizen of China, ("**Lender**"), US$75,000 on the date that is twenty-four (24) months after the Purchase Price Date (the "**Maturity Date**") in accordance with the terms set forth herein and to pay interest on the Outstanding Balance at the rate of 5% per annum from the Purchase Price Date until the same is paid in full. All interest calculations hereunder shall be computed on the basis of a 360-day year comprised of twelve (12) thirty (30) day months, shall be payable on the Maturity Date. This Convertible Promissory Note (this "**Note**") is issued and made effective as of January 30, 2026 (the "**Effective Date**"). This Note is issued pursuant to that certain Convertible Note Purchase Agreement dated January 30, 2026, as the same may be amended from time to time, by and between Borrower and Lender (the "**Purchase Agreement**"). Certain capitalized terms used herein are defined in <u>Attachment 1</u> attached hereto and incorporated herein by this reference.

The purchase price for this Note shall be US$75,000 (the "**Purchase Price**") in original principal balance. The Purchase Price shall be payable by Lender by wire transfer of immediately available funds in

U.S. Dollars to the designated account by the Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Payment; Prepayment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Payment</u>. All payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as defined below), as provided for herein, and delivered to Lender at the address or bank account furnished to Borrower for that purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Prepayment</u>. Notwithstanding the foregoing, Borrower shall have the right to prepay all or any portion of the Outstanding Balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Lender Optional Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Conversions</u>. Lender has the right at any time after the Purchase Price Date until the Outstanding Balance has been paid in full, at its election, to convert ("**Conversion**") all or any portion of the Outstanding Balance into shares ("**Conversion Shares**") of fully paid and non-assessable common stock, $0.001 par value per share ("**Common Stock**"), of the Borrower as per the following conversion formula: the number of Conversion Shares equals the amount being converted (the "**Conversion Amount**") divided by the Conversion Price (as defined below). Conversion notices in the form attached hereto as <u>Exhibit A</u> (each, a "**Conversion Notice**") may be effectively delivered to Borrower by any method set forth in the "Notices" Section of the Purchase Agreement. Borrower shall deliver the Conversion Shares from any Conversion to Lender in accordance with Section 6 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Conversion Price</u>. Subject to adjustment as set forth in this Note, the price at which Lender has the right to convert all or any portion of the Outstanding Balance into Common Stock is $0.07 per share of Common Stock (the "**Conversion Price**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Defaults and Remedies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Defaults</u>. The following are events of default under this Note (each, an "**Event of Default**"): (a) Borrower fails to pay any principal or interest when due and payable hereunder; (b) Borrower fails to deliver any Conversion Shares in accordance with the terms hereof; (c) a receiver, trustee or other similar official shall be appointed over Borrower, or a material part of its assets and such appointment shall remain uncontested for 90 days or shall not be dismissed or discharged within 180 days; (d) Borrower files a petition for relief under any bankruptcy, insolvency or similar law (domestic or foreign); (e) an involuntary bankruptcy proceeding is commenced or filed against Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Remedies</u>. At any time following the occurrence of any Event of Default and upon written notice given by Lender to Borrower, the Borrower has 45 days (the "Grace Period") from the date of the notice from Lender to cure such default. If the default is not cured after the Grace Period, Lender may accelerate this Note by written notice to Borrower, with the Outstanding Balance becoming immediately due and payable in cash. For the avoidance of doubt, Lender may continue making Conversions at any time following an Event of Default until such time as the Outstanding Balance is paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Waiver</u>. No waiver of any provision of this Note shall be effective unless it is in the form of a writing signed by the party granting the waiver. No waiver of any provision or consent to any prohibited action shall constitute a waiver of any other provision or consent to any other prohibited action, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit a party to provide a waiver or consent in the future except to the extent specifically set forth in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Adjustment of Conversion Price upon Subdivision or Combination of Common Stock</u>. Without limiting any provision hereof, if Borrower at any time on or after the Effective Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. Without limiting any provision hereof, if Borrower at any time on or after the Effective Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price in effect immediately prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 5 shall become effective immediately after the effective date of such subdivision or combination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Method of Conversion Share Delivery</u>. On or before the close of business on the tenth (10th) Trading Day following the date of delivery of a Conversion Notice (the "Delivery Date"), Borrower shall deliver to Lender via reputable overnight courier, a certificate representing the number of shares of Common Stock equal to the number of Conversion Shares to which Lender shall be entitled, registered in the name of Lender. The Conversion Shares shall include a restrictive securities legend on ground that such shares have not been registered with SEC under the Securities Act of 1933 and therefore they cannot be sold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and applicable state securities laws or exemptions from such registration requirements are available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Governing Law; Venue</u>. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of California. The provisions set forth in the Purchase Agreement to determine the proper venue for any disputes are incorporated herein by this reference. Any disputes that arise under this Note, shall be heard only in the state or federal courts located in the City of Los Angeles, State of California.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Cancellation</u>. After repayment or conversion of the entire Outstanding Balance, this Note shall be deemed paid in full, shall automatically be deemed canceled, and shall not be reissued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Amendments</u>. The prior written consent of both parties hereto shall be required for any change or amendment to this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Assignments</u>. Borrower may not assign this Note without the prior written consent of Lender, subject to compliance with securities laws and regulations. This Note may not be offered, sold, assigned or transferred by Lender without the consent of Borrower and in compliance with securities laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Notices</u>. Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with the subsection of the Purchase Agreement titled "Notices."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Severability</u>. If any part of this Note is construed to be in violation of any law, such part shall be modified to achieve the objective of Borrower and Lender to the fullest extent permitted by law and the balance of this Note shall remain in full force and effect.

[*Remainder of page intentionally left blank; signature page follows*]

IN WITNESS WHEREOF, Borrower has caused this Note to be duly executed as of the Effective Date.

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| | |
|:---|:---|
| **BORROWER:** | **BORROWER:** |
| **Fuse Group Holding Inc.** | **Fuse Group Holding Inc.** |
| By: | */s/ Umesh Patel* |
| Name: | Umesh Patel |
| Title: | Chief Executive Officer |

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<u>ACKNOWLEDGED, ACCEPTED AND AGREED:</u>

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| | |
|:---|:---|
| **LENDER:** | **LENDER:** |
| By: | */s/ *Yuhao Lu* |
| Name: | Yuhao Lu |
| Title: |  |

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[*Signature Page to Convertible Promissory Note*]

**ATTACHMENT 1 DEFINITIONS**

For purposes of this Note, the following terms shall have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "**Outstanding Balance**" means as of any date of determination, the Purchase Price, as reduced or increased, as the case may be, pursuant to the terms hereof for payment, Conversion, offset, or otherwise, accrued but unpaid interest under this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "**Purchase Price Date**" means the date when the Purchase Price is delivered by Lender to Borrower.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "**Trading Day**" means any day on which the OTC Markets (or such other principal market for the Common Stock of the Company) is open for trading.

 

*[Remainder of page intentionally left blank]*

 

Attachment 1 to Convertible Note, Page 1

 

**<u>EXHIBIT A</u>**

To: Fuse Group Holding Inc.

Umesh Patel, Chief Executive Officer

805 W. Duarte Rd., Suite 102, Arcadia, CA 91007

**CONVERSION NOTICE**

The above-captioned Lender hereby gives notice to Fuse Group Holding Inc., a Nevada corporation (the "**Borrower**"), pursuant to that certain Convertible Promissory Note made by Borrower in favor of Lender on January 30, 2026 (the "**Note**"), that Lender elects to convert the portion of the Note balance set forth below into fully paid and non-assessable shares of Common Stock of Borrower as of the date of conversion specified below. Said conversion shall be based on the Conversion Price set forth below. In the event of a conflict between this Conversion Notice and the Note, the Note shall govern. Capitalized terms used in this notice without definition shall have the meanings given to them in the Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Date of Conversion:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Conversion #:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Conversion Amount:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. Conversion Price:<u> </u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. Conversion Shares:<u> </u>(C divided by D)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Remaining Outstanding Balance of Note:<u> </u>

Deliver all such certificated shares to Lender via reputable overnight courier after receipt of this Conversion Promissory Notice (by facsimile transmission or otherwise) to:

<u> </u>

<u> </u>

<u> </u>

Sincerely,

Lender:

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| |
|:---|
| By: |
| Name: |

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Exhibit A to Convertible Promissory Note, Page 1