# EDGAR Filing Document

**Accession Number:** 0000787496
**File Stem:** 0001829126-26-003888
**Filing Date:** 2026-4
**Character Count:** 193968
**Document Hash:** e833dfc5e7676ae0211ecc0dc0517b5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-26-003888.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001829126-26-003888

**CONFORMED SUBMISSION TYPE**: 10-12G

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBUYHOLDINGS INC
- **CENTRAL INDEX KEY:** 0000787496
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 870435741
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** 10-12G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56836
- **FILM NUMBER:** 26895891

**BUSINESS ADDRESS:**
- **STREET 1:** 2855 UNIVERSITY DR
- **STREET 2:** STE 200
- **CITY:** CORAL SPRINGS
- **STATE:** FL
- **ZIP:** 33065
- **BUSINESS PHONE:** 9545757296

**MAIL ADDRESS:**
- **STREET 1:** 2855 UNIVERSITY DRIVE
- **STREET 2:** SUITE 200
- **CITY:** CORAL SPRINGS
- **STATE:** FL
- **ZIP:** 33065

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** E PAWN COM INC
- **DATE OF NAME CHANGE:** 20000419

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WASATCH INTERNATIONAL CORP
- **DATE OF NAME CHANGE:** 19951221

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JAVA INC
- **DATE OF NAME CHANGE:** 19951221

As filed with the Securities and Exchange Commission on April 24, 2026

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 10**

**GENERAL FORM FOR REGISTRATION OF SECURITIES**

**PURSUANT TO SECTION 12(b) OR 12(g) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

**UBUYHOLDINGS, INC.**

**(Exact Name of the Registrant as Specified in its Charter)**

---

| | |
|:---|:---|
| **Nevada** | **87-0435741** |
| **(State or Other Jurisdiction of**<br> **Incorporation or Organization)** | **(IRS Employer**<br> **Identification No.)** |

---

**300 Mamaroneck Ave.**

**Apt. 201**

**White Plains, NY 10605**

**(Address of Principal Executive Offices and Zip Code)**

**(646) 768-8417**

**(Registrant's Telephone Number, Including Area Code)**

**Nevada Agency and Transfer Company**

**50 West Liberty Street, Suite 880**

**Reno, NV, 89501, USA**

**(775) 322-0626**

**(Name, address, including zip code, and telephone number, Including the area code of the agent for service)**

**With copy to**

**William B. Barnett, Esq.**

**Barnett & Linn**

**60 Kavenish Drive**

**Rancho Mirage, CA 92270**

**(442) 599-1299**

**Securities to be registered under Section 12(b) of the Act: None**

**Securities to be registered under Section 12(g) of the Act:**

**Common Stock, Par Value $0.001**

**(Title of Class)**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☐ Smaller reporting company ☒ <br> 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 7(a)(2)(B) of the Securities Act. [ ]

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
|  |  | **PAGE** |
| [ITEM 1](#a_001) | [DESCRIPTION OF BUSINESS](#a_001) | 2 |
| [ITEM 1A](#a_002) | [RISK FACTORS](#a_002) | 8 |
| [ITEM 2](#a_003) | [FINANCIAL INFORMATION](#a_003) | 8 |
| [ITEM 3](#a_004) | [PROPERTIES](#a_004) | 10 |
| [ITEM 4](#a_005) | [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT](#a_005) | 10 |
| [ITEM 5](#a_006) | [DIRECTORS AND EXECUTIVE OFFICERS](#a_006) | 10 |
| [ITEM 6](#a_007) | [EXECUTIVE COMPENSATION](#a_007) | 12 |
| [ITEM 7](#a_008) | [CERTAIN BENEFICIAL RELATIONSHIPS AND RELATED TRANSACTIONS](#a_008) | 13 |
| [ITEM 8](#a_009) | [LEGAL PROCEEDINGS](#a_009) | 13 |
| [ITEM 9](#a_010) | [MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS](#a_010) | 13 |
| [ITEM 10](#a_011) | [RECENT SALES OF UNREGISTERED SECURITIES](#a_011) | 13 |
| [ITEM 11](#a_012) | [DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED](#a_012) | 13 |
| [ITEM 12](#a_013) | [INDEMNIFICATION OF DIRECTORS AND OFFICERS](#a_013) | 14 |
| [ITEM 13](#a_014) | [FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#a_014) | 14 |
| [ITEM 14](#a_015) | [CHANGES IN AND DISAGREEMENTS WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON ACCOUNTING AND FINANCIAL DISCLOSURE](#a_015) | 14 |
| [ITEM 15](#a_016) | [FINANCIAL STATEMENTS AND EXHIBITS](#a_016) | 15 |
|  | [SIGNATURES](#a_017) | 16 |
|  | [EXHIBIT INDEX](#a_018) | 17 |
|  | [FINANCIAL STATEMENTS](#a_019) | F-1 |

---

i

**EXPLANATORY NOTE**

We are voluntarily filing this General Form for Registration of Securities on Form 10 to register our common stock, par value $0.001 per share (the "Common Stock"), pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). This registration statement will become effective automatically by lapse of time 60 days from the date of the initial filing of this registration statement pursuant to Section 12(g)(1) of the Exchange Act.

The Registrant has been voluntarily filing 10-Qs and 10-Ks subject to auditor review and year-end audits with the SEC for the past three years. However, once this registration statement is deemed effective, we will be subject to the requirements of Regulation 13(a) under the Exchange Act and will be required to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, and we will be required to comply with all other obligations of the Exchange Act applicable to issuers filing registration statements pursuant to Section 12(g) of the Exchange Act.

ii

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

***This Form 10 contains forward-looking statements that may be affected by matters outside our control that could cause materially different results.***

***Some of the information in this Form 10 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933. These statements express, or are based on, our expectations about future events. Forward-looking statements give our current expectations or forecasts of future events. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may", "will", "expect", "intend", "project", "estimate", "anticipate", "believe", or "continue" or the negative thereof or similar terminology. They include statements regarding our:***

*●* *financial position,* 

*●* *business plans,* 

*●* *budgets,* 

*●* *amount, nature and timing of capital expenditures,* 

*●* *cash flow and anticipated liquidity,* 

*●* *future operations of unknown nature costs,* 

*●* *acquisition and development of other technology,* 

*●* *future demand for any products and services acquired,* 

*●* *operating costs and other expenses.* 

***Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance they will prove to have been correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that could cause actual results to differ materially from expected results are described under "Risk Factors" and include:***

*●* *general economic conditions,* 

*●* *our cost of operations,* 

*●* *our ability to generate sufficient cash flows to operate,* 

*●* *availability of capital,* 

*●* *the strength and financial resources of our competitors,* 

*●* *our ability to find and retain skilled personnel, and* 

*●* *the lack of liquidity of our common stock.* 

***Any of the factors listed above and other factors contained in this Form 10 could cause our actual results to differ materially from the results implied by these or any other forward-looking statements made by us or on our behalf. We cannot assure you that our future results will meet our expectations. When you consider these forward-looking statements, you should keep in mind these risk factors and the other cautionary statements in this Form 10. Our forward-looking statements speak only as of the date made.***

**ITEM 1: DESCRIPTION OF BUSINESS**

**Organization and Corporate History**

UBYH, a Nevada corporation, is a public shell company seeking to create value for its shareholders by merging with another entity that has experienced management and growth opportunities, in exchange for shares of our common stock.

No potential merger candidate has been identified at this time.

We do not propose restricting our search for a business opportunity to any particular industry or geographical area and may, therefore, engage in any business in any industry. We have unrestricted discretion to seek and participate in business opportunities, subject to the availability of such opportunities, economic conditions, and other factors.

Selecting a business opportunity to participate in is complex and risky. Additionally, we have limited resources and may find it difficult to locate good opportunities. There can be no assurance that we will be able to identify and acquire any business opportunity that will ultimately benefit our shareholders and us. We will select any potential business opportunity based on our management's best business judgment.

Our activities are subject to several significant risks, which arise primarily because we have no specific business and may acquire or participate in a business opportunity at the discretion of management, which may act without the consent, vote, or approval of our shareholders. The risks we face are further increased by our limited resources and inability to provide a prospective business opportunity with significant capital.

UbuyHoldings, Inc. ("we", "us", the "Company", "UBUY"), f/k/a E-Pawn.Com, Inc., was incorporated in 1985 in the state of Nevada as Java, Inc. The Company changed its name to Wasatch International Corporation in 1995. It acquired E-Pawn, Inc. in February 2000, and the Company changed its name to E-Pawn.com, Inc. Its wholly owned subsidiary, E-Pawn, Inc., began operations in 1999 to operate an Internet auction site and to acquire and operate complementary electronic commerce (e-commerce) businesses under its UBUYNETWORK.COM umbrella.

We filed our Form 10-K/A for the period ending May 31, 2000, on November 19, 2001, and have been dormant since then. On July 26, 2023, as a result of a custodianship in Clark County, Nevada, Case Number: A-23-871247-B, Custodian Ventures LLC ("Custodian"), managed by Mr. David Lazar, was appointed custodian of the Company. On the same date, the Custodian appointed Mr. David Lazar as the Company's Chief Executive Officer, President, Secretary, Chief Financial Officer, and Chairman of the Board of Directors.

Mr. David Lazar was the CEO and Chairman of the Company from July 26, 2023, until June 20, 2024. On June 20, 2024 (the "Closing Date"), and effective on June 24, 2024 (the "Effective Date"), Mr. David Lazar (the "Seller") and AEI Capital Ltd. (the "Purchaser") entered into a Stock Purchase Agreement (the "SPA") dated May 16, 2024. Pursuant to the SPA, among other provisions, the Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Seller a total of 10,000,000 shares of Series A-1 Preferred Stock of the Company held in the name of the Seller (the "Purchased Shares"). The Purchased Shares represented 100% of the Company's issued and outstanding Series A-1 Preferred Stock and 95% of the total voting power of issued and outstanding Preferred (upon conversion) and Common stock of the Company. In connection with the transaction and subsequent amendments to the SPA, all previous officers of the Company resigned from their positions, and new officers designated by the Purchaser assumed their roles on June 24, 2024, with immediate effect. Pursuant to the SPA and subsequent amendments, the Board of Directors ("Board") appointed Mr. John Tan Honjian to fill a vacancy on the Company's Board of Directors caused by the resignation of the Company's sole Board Member, Mr. David Lazar. Such appointments and resignations became effective on June 24, 2024. Mr. John Tan Honjian was appointed as the Company's CEO, President, CFO, and Secretary of the Company. Subsequently, on April 16, 2025, Mr. Mohd Azham bin Azudin was appointed as the Chief Financial Officer.

The Company's business model was based on acquiring companies that could be efficiently integrated into the Company and that could potentially use the Company's e-commerce system and network to add value. The Company intended to expand globally with acquisitions in major economic markets.

**Revenue**

We currently have no operations and will rely upon a merger with or acquisition of an operating business to commence operations and generate revenue.

**General Business Plan**

Our business plan to pursue a merger is fraught with uncertainties, posing risks to investors.

We intend to seek, investigate, and, if such investigation warrants, acquire an interest in business opportunities presented to us by persons or firms that desire to seek the advantages of an issuer who has complied with the Securities Act of 1934 (the "1934 Act"). We will not restrict our search to any specific business, industry, or geographical location, and we may participate in business ventures of virtually any nature. This discussion of our proposed business is intended to be general and is not meant to restrict our unlimited discretion to search for and enter into potential business opportunities. We anticipate we may be able to participate in only one potential business venture due to our limited financial resources. We may seek business opportunities with entities that have recently commenced operations or that desire to utilize the public marketplace to raise additional capital to expand into new products or markets, develop a new product or service, or pursue other corporate purposes. All of these activities pose risks to investors, including dilution and management risks.

We expect that the selection of a business opportunity will be complex. Due to general economic conditions, rapid technological advances in some industries, and shortages of available capital, we believe that numerous firms are seeking the benefits of an issuer that has complied with the 1934 Act. Such benefits may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive stock options or similar benefits to key employees, providing liquidity (subject to restrictions of applicable statutes) for all stockholders, and other factors. Potentially, business opportunities may arise across many industries and at various stages of development, making the task of comparative investigation and analysis of such opportunities challenging and complex. We have, and will continue to have, essentially, no assets to provide the owners with business opportunities. However, we can offer owners of acquisition candidates the opportunity to acquire a controlling ownership interest in an issuer that has complied with the 1934 Act without incurring the cost and time required to conduct an initial public offering.

The analysis of new business opportunities will be undertaken by, or under the supervision of, our Board of Directors. We intend to identify prospective business opportunities that may come to our attention through our director's present associations, professional advisors, or stockholders. In analyzing prospective business opportunities, we will consider such matters as (i) available technical, financial and managerial resources; (ii) working capital and other financial requirements; (iii) history of operations, if any, and prospects for the future; (iv) nature of present and expected competition; (v) quality, experience and depth of management services; (vi) potential for further research, development or exploration; (vii) specific risk factors not now foreseeable but that may be anticipated to impact the proposed activities of the company; (viii) potential for growth or expansion; (ix) potential for profit; (x) public recognition and acceptance of products, services or trades; (xi) name identification; and (xii) other factors that we consider relevant. As part of our investigation of the business opportunity, we expect to meet personally with management and key personnel. To the extent possible, we intend to utilize written reports and personal investigation to evaluate the above factors.

We will not acquire or merge with any company for which audited financial statements cannot be obtained within a reasonable period of time after the proposed transaction closes.

**Acquisition Interest**

In implementing a particular business acquisition structure, we may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another company or entity. We may also acquire stock or assets of an existing business. Upon consummation of a transaction, our present management and stockholders will probably no longer be in control of us. In addition, our sole director may, as part of the terms of the acquisition transaction, resign and be replaced by new directors without a vote from our stockholders, or sell his stock in us. Any such sale will only be made in compliance with the securities laws of the United States and any applicable state laws.

It is anticipated that any securities issued in such reorganization will be issued based on the exemption from registration under federal and state securities laws. In some circumstances, as a negotiated element of the transaction, we may agree to register all or a part of such securities immediately after the transaction is consummated or at specified times thereafter. If such registration occurs, it will be undertaken by the surviving entity after it has successfully consummated a merger or acquisition and is no longer considered an inactive company.

The issuance of substantial additional securities and their potential sale into any trading market that may develop in our securities may have a depressive effect on their future value. There is no assurance that such a trading market will develop.

While the actual terms of a transaction cannot be predicted, it is expected that the parties to any business transaction will find it desirable to avoid the creation of a taxable event and thereby structure the business transaction in a so-called "tax-free" reorganization under Sections 368(a)(1) or 351 of the Internal Revenue Code (the "Code"). To obtain tax-free treatment under the Code, it may be necessary for the owner of the acquired business to own 80% or more of the voting stock of the surviving entity. In such an event, our stockholders would retain less than 20% of the surviving entity's issued and outstanding shares. This would result in significant dilution of our stockholders' equity.

As part of our investigation, we expect to meet personally with management and key personnel, visit and inspect material facilities, obtain independent analysis and verification of specific information provided, check references of management and key personnel, and take other reasonable investigative measures, to the extent of our limited financial resources and management expertise. The manner in which we participate in an opportunity will depend on the nature of the opportunity, the respective needs and desires of both parties, and the management of the opportunity.

With respect to any merger or acquisition, and depending upon, among other things, the target company's assets and liabilities, our stockholders will, in all likelihood, hold a substantially lesser percentage of ownership interest in us following any merger or acquisition. The percentage of ownership may be subject to a significant reduction if we acquire a target company with assets and growth expectations. Any merger or acquisition can be expected to have a significant dilutive effect on the percentage of shares held by our stockholders.

We will participate in a business opportunity only after the negotiation and execution of appropriate written business agreements. Although the terms of such agreements cannot be predicted, generally we anticipate that such agreements will (i) require specific representations and warranties by all of the parties; (ii) specify certain events of default; (iii) detail the terms of closing and the conditions which must be satisfied by each of the parties prior to and after such closing; (iv) outline the manner of bearing costs, including costs associated with the Company's attorneys and accountants; (v) set forth remedies on defaults; and (vi) include other miscellaneous terms.

As stated above, we will not acquire or merge with any entity that cannot provide independent, audited financial statements within a reasonable period after the closing of the proposed transaction. If such audited financial statements are not available at closing, or within the time parameters necessary to ensure our compliance with the requirements of the 1934 Act, or if the audited financial statements provided do not conform to the representations made by that business to be acquired, the definitive closing documents will ensure that the proposed transaction will be voidable, at the discretion of our present management. If such a transaction is voided, the definitive closing documents may also include a provision for reimbursement of our costs incurred in connection with the proposed transaction.

**Rule 419 and Blank Check Companies**

The definition of "blank check company" as set forth in Rule 419 of the Securities Act is a company that:

&nbsp;&nbsp;&nbsp;&nbsp;1. Is a development-stage company that has no specific business plan or purpose, or has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies, or other entity or person; and

2. Is issuing "penny stock," as defined in Rule 3a51-1 under the Securities Exchange Act of 1934.

The provisions of Rule 419 apply to every registration statement filed under the Securities Act of 1933, as amended, by a blank check company. Rule 419 requires that the blank check company filing such a registration statement deposit the securities being offered and the proceeds of the offering into an escrow or trust account pending the execution of an agreement for an acquisition or merger. In addition, the registrant must file a post-effective amendment to the registration statement containing the same information found in a Form 10 registration statement, upon executing an agreement for such acquisition or merger. The rule provides procedures for releasing the offering funds in conjunction with the post-effective acquisition or merger. The obligations to file post-effective amendments are in addition to the obligations to file Form 8-K to report both the entry into a material non-ordinary course agreement and the completion of the transaction. Rule 419 applies to both primary and resale (secondary) offerings.

Within five (5) days of filing a post-effective amendment setting forth the proposed terms of an acquisition, the company must notify each investor whose shares are in escrow. Each investor has no fewer than 20 and no greater than 45 business days to inform the company in writing if they elect to remain an investor. A failure to reply indicates that the person has elected not to remain in the investor transaction.

The Company has no current intent to file a registration statement with the SEC for the purpose of selling securities to raise capital for the Company or for acquisitions and mergers.

**Competition**

We believe we are an insignificant participant among the firms that acquire business opportunities. Many established venture capital and financial concerns have significantly greater financial and personnel resources, as well as technical expertise, than we do. Given our limited financial resources and management availability, we will remain at a significant competitive disadvantage compared to our competitors.

**Investment Company Act of 1940**

Although we will be subject to regulation under the Securities Act of 1933, as amended, and the 1934 Act, we believe we will not be subject to regulation under the Investment Company Act of 1940 (the "1940 Act") insofar as we will not be engaged in the business of investing or trading in securities. If we engage in business combinations that result in us holding passive investment interests in several entities, we could be subject to regulation under the 1940 Act. In such an event, we would be required to register as an investment company and incur significant registration and compliance costs. We have obtained no formal determination from the SEC regarding our status under the 1940 Act, and, consequently, any violation of the 1940 Act would subject us to material adverse consequences. We believe that we are currently exempt under Regulation 3a-2 of the 1940 Act.

**Intellectual Property**

We own no intellectual property.

**Employees**

We presently have no full-time executive, operational, or clerical staff.

Mr. John Tan Honjian is our CEO, President, and Secretary, and sole director, is part-time and devotes approximately 10 hours weekly to Company affairs. Mr. Mohd Azham bin Azudin, our Chief Financial Officer, is part-time and devotes approximately 10 hours weekly to Company affairs.

**Factors Affecting Future Performance**

Rather than operating as a business, our goal is to obtain debt and/or equity financing to meet our ongoing operating expenses and to attempt to merge with another entity with experienced management and growth opportunities, in return for shares of our common stock, to create value for our shareholders.

Although there is no assurance that this series of events will be successfully completed, we believe we can complete an acquisition or merger that will enable us to continue as a going concern. Any acquisition or merger will most likely be dilutive to our existing stockholders.

**Jumpstart Our Business Startups Act**

The disclosure contained below generally discusses the terms of the "Jumpstart Our Business Startups Act". Currently, the Company has limited operations or revenues and, as such, does not anticipate that it will affect certain of the transactions covered by such Act until, if at all, the time a change in control of the Company is effected. Until such time as the Company effects a change in control, it does not anticipate that it will benefit from the exemptions from certain financial disclosure required in a registration statement, as well as the simplification of the sale of securities and the relaxation of general solicitation for Rule 506 offerings.

In April 2012, the Jumpstart Our Business Startups Act ("JOBS Act") was enacted into law. The JOBS Act provides, among other things:

Exemptions for emerging growth companies from certain financial disclosure and governance requirements for up to five years and provides a new form of financing for small companies.

Amendments to certain provisions of the federal securities laws to simplify the sale of securities and increase the threshold number of record holders required to trigger the reporting requirements of the Securities Exchange Act of 1934.

Relaxation of the general solicitation and general advertising prohibition for Rule 506 offerings.

Adoption of a new exemption for public offerings of securities in amounts not exceeding $50 million; and

Exemption from registration by a non-reporting company offers sales of securities of up to $1,000,000 that comply with rules to be adopted by the SEC pursuant to Section 4(6) of the Securities Act, and such sales are exempt from state law registration, documentation, or offering requirements.

In general, under the JOBS Act, a company is an emerging growth company if its initial public offering ("IPO") of common equity securities occurred after December 8, 2011, and the company had less than $1 billion in total annual gross revenue during its last completed fiscal year. A company will no longer qualify as an emerging growth company after the earliest of

(i) the completion of the fiscal year in which the company has total annual gross revenues of $1.07 billion or more,

(ii) the completion of the fiscal year of the fifth anniversary of the company's IPO.

(iii) the company's issuance of more than $1 billion in nonconvertible debt in the prior three-year period, or

(iv) the company becoming a "larger accelerated filer" as defined under the Securities Exchange Act of 1934.

The Company meets the definition of an emerging growth company and will be affected by some of the changes provided in the JOBS Act and by certain new exemptions. The JOBS Act provides additional new guidelines and exemptions for non-reporting companies and for non-public offerings. Those exemptions that impact the Company are discussed below.

Financial Disclosure. The financial disclosure in a registration statement filed by an emerging growth company pursuant to the Securities Act of 1933 will differ from registration statements filed by other companies as follows:

(i) audited financial statements required for only two fiscal years.

(ii) selected financial data required for only the fiscal years that were audited.

(iii) executive compensation only needs to be presented in the limited format now required for smaller reporting companies. (A smaller reporting company is one with a public float of less than $75 million as of the last day of its most recently completed second fiscal quarter)

However, the financial disclosure requirements promulgated by Regulation S-K under the SEC's Rules and Regulations already provide certain of these exemptions for smaller reporting companies. The Company is a smaller reporting company. Currently, a smaller reporting company is not required to file selected financial data as part of its registration statement and only needs audited financial statements for its two most recent fiscal years, and no tabular disclosure of contractual obligations.

The JOBS Act also exempts the Company's independent registered public accounting firm from complying with any rules adopted by the Public Company Accounting Oversight Board ("PCAOB") after the date of the JOBS Act's enactment, except as otherwise required by SEC rule.

The JOBS Act also exempts an emerging growth company from any PCAOB requirement for mandatory rotation of the Company's accounting firm or for a supplemental auditor report on the audit.

Internal Control Attestation. The JOBS Act also provides an exemption from the requirement of the Company's independent registered public accounting firm to file a report on the Company's internal control over financial reporting, although management of the Company is still required to file its report on the adequacy of the Company's internal control over financial reporting.

Section 102(a) of the JOBS Act goes on to exempt emerging growth companies from the requirements in 1934 Act Section 14A(e) for companies with a class of securities registered under the 1934 Act to hold shareholder votes for executive compensation and golden parachutes.

Other Items of the JOBS Act. The JOBS Act also provides that an emerging growth company may communicate with qualified institutional buyers or accredited institutions to gauge interest in a contemplated offering, either prior to or after the date of filing the respective registration statement. The Act also permits research reports by a broker or dealer about an emerging growth company, regardless of whether such reports provide sufficient information for an investment decision. In addition, the JOBS Act precludes the SEC and FINRA from adopting certain restrictive rules or regulations regarding brokers, dealers, and potential investors, communications with management, and distribution of research reports on the emerging growth company IPO.

Section 106 of the JOBS Act permits emerging growth companies to submit 1933 Act registration statements on a confidential basis, provided that the registration statement and all amendments are publicly filed at least 21 days before the issuer conducts any road show. This is intended to allow the emerging growth company to explore the IPO option without disclosing to the market the fact that it is seeking to go public or disclosing the information contained in its registration statement until the company is ready to conduct a road show.

Election to Opt Out of Transition Period. Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a 1933 Act registration statement declared effective or do not have a class of securities registered under the 1934 Act) are required to comply with the new or revised financial accounting standard.

The JOBS Act provides that a company may elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies, but any such election is irrevocable. The Company has elected not to opt out of the transition period.

**ITEM 1A: RISK FACTORS**

The Company qualifies as a smaller reporting company, as defined by § 229.10(f)(1), and is not required to provide the information required by this Item.

**ITEM 2. FINANCIAL INFORMATION**

**Management's Discussion and Analysis of Financial Condition and Results of Operations**

*This Form 10 contains forward-looking statements. Our actual results could differ materially from those set forth as a result of general economic conditions and changes in the assumptions used in making such forward-looking statements. The following discussion and analysis of our financial condition and results of operations should be read together with the audited financial statements and accompanying notes and the other financial information appearing elsewhere in this report. The analysis set forth below is provided pursuant to applicable Securities and Exchange Commission regulations and is not intended to serve as a basis for projections of future events. Refer also to "Cautionary Note Regarding Forward Looking Statements" in Item 1 above.*

The Company currently has no operations or revenue as of the date of this Report. We are currently developing a comprehensive business plan. Management intends to explore and identify viable business opportunities in the U.S. and globally, including pursuing a reverse merger to acquire a business. Our ability to effectively identify, develop, and implement a feasible plan for our company may be hindered by risks and uncertainties beyond our control, including, without limitation, the continued adverse effects of the coronavirus pandemic on the U.S. and global economies.

**Plan of Operation**

The Company has no operations from continuing businesses other than expenditures related to running the Company, and it has no revenue from continuing operations as of the date of this Report.

Management intends to explore and identify business opportunities within the U.S and globally, including a potential acquisition of an operating entity through a reverse merger, asset purchase, or similar transaction. Our Chief Executive Officer has experience in business consulting. However, no assurances can be given that he can identify and implement a viable business strategy, or that any such strategy will yield profits. Our ability to effectively identify, develop, and implement a feasible plan for our business may be adversely affected by risks and uncertainties beyond our control, including, without limitation, the ongoing conditions of the U.S. and global economies.

We do not currently engage in business activities providing revenue or cash flow. However, during the next 12 months, we anticipate incurring costs related to investigating, evaluating, and negotiating potential business combinations, filing S.E.C. reports, and consummating an acquisition of an operating business.

Given our limited capital resources, we may consider a business combination with an entity that has recently commenced operations, is a developing company, or otherwise needs additional funds to develop new products or services or to expand into new markets. Alternatively, a business combination may involve the acquisition of, or a merger with, an entity seeking access to the U.S. capital markets.

As of the date of this Report, our management has not had any discussions with any representative of any other entity regarding a potential business combination. Any selected target business may be financially unstable or in the early stages of development. In such an event, we expect to be subject to numerous risks inherent in the business and operations of a financially unstable or early-stage entity. In addition, we may have a business combination with an entity in an industry characterized by a high level of risk or in which our management has limited experience, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.

Our management anticipates that, due to our limited capital, we will likely only be able to effect one business combination. This lack of diversification will likely pose a substantial risk in investing in the Company indefinitely because it will not permit us to offset potential losses from one venture or operating territory against gains from another. The risks we face will likely be heightened if we acquire a business operating in a single industry or geographical region.

We anticipate that selecting a business combination will be a complex and risk-prone process. Because of general economic conditions, rapid technological advances in some industries, and shortages of available capital, management believes that several firms are seeking business opportunities at this time at discounted rates, which we will compete on. We expect that any potentially available business combinations may appear in various industries or regions and at various stages of development, all of which will likely render the task of comparative investigation and analysis of such business opportunities challenging and complicated. Once we have developed and begun implementing our business plan, management intends to fund our working capital requirements through a combination of existing funds and future issuances of debt or equity securities. Our working capital requirements are expected to increase as we implement our business plan and commence operations.

Based on our current operations, we do not have sufficient working capital to fund our operations over the next 12 months. If we can close a reverse merger, we will likely need capital as a condition of closing that acquisition. Because of the uncertainties, we cannot be certain how much capital we need to raise or the type of securities we will be required to issue. In connection with a reverse merger, we will be required to issue a controlling block of our securities to the target shareholders, which will be very dilutive.

Additional issuances of equity or convertible debt securities will dilute our current shareholders' equity. Further, such securities might have rights, preferences, or privileges senior to our Common Stock. Additional financing may not be available on acceptable terms, or at all. If adequate funds are not available or available on acceptable terms, we may not be able to pursue prospective new business opportunities, which could significantly and materially restrict our business operations.

We anticipate that we will incur operating losses in the next 12 months, principally costs related to our obligation to file reports with the S.E.C. Our prospects must be considered in light of the risks, expenses, and difficulties frequently encountered by companies in their early stages of development. Such risks for us include, but are not limited to, an evolving and unpredictable business model, recognition of revenue sources, and managing growth. To address these risks, we must, among other things, develop, implement, and successfully execute our business and marketing strategy, respond to competitive developments, and attract, retain, and motivate qualified personnel. There can be no assurance that we will successfully address such risks, and the failure to do so could have a material adverse effect on our business prospects, financial condition, and results of operations.

**Going Concern Assessment**

The independent registered public accounting firm auditors' report accompanying our May 31, 2025, financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern", which contemplates realizing our assets and satisfying our liabilities and commitments in the ordinary course of business.

***Off-Balance Sheet Arrangements***

As of the date of this Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources that are material to investors.

**Critical Accounting Policies**

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires estimates and judgments that affect the reported amounts of assets, liabilities, revenues, and expenses, as well as related disclosures of contingent assets and liabilities. The estimates are based on historical experience and various other assumptions believed to be reasonable under the circumstances, and the results of which form the basis for judgments about the carrying values of assets and liabilities that are not readily determinable from other sources. Actual results may differ from these estimates under different assumptions or conditions.

The critical accounting policies are discussed in further detail in the notes to the audited consolidated financial statements, which appear elsewhere in this prospectus. Management believes that consistently applying these policies enables us to provide useful and reliable financial information about our operating results and financial condition.

**ITEM 3: PROPERTIES**

The Company has no property and has no agreements to acquire any property at this time. The Company currently uses an office provided by Mr. John Tan Honjian, the President and the Company's major shareholder, at no cost to the Company. Mr. Tan has agreed to continue this arrangement until the Company completes an acquisition or merger.

**ITEM 4: SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

The following table sets forth specific information regarding beneficial ownership of the Company's Common Stock as of April 21, 2026 by (i) each person who the Company knows to own beneficially more than 5% of any classes of outstanding Common Stock, (ii) each director of the Company, (iii) each of the Chief Executive Officers and the executive officers (collectively, the "Named Executive Officers") and (iv) all directors and executive officers of the Company as a group based upon 5,687,356,400 shares outstanding.

---

| | | | |
|:---|:---|:---|:---|
| **Name and Address of Beneficial Owners of Common Stock** | **Title of Class** | **Amount and** ****<br> **Nature of** ****<br> **Beneficial** ****<br> **Ownership<sup>(1)</sup>** | **% of<br>Class of Stock** |
| **Officers and Directors** |  |  |  |
| AEI Capital Ltd <br> P.O Box 4342 Road Town<br>Tortola, BVI D8 00000<br>John Tan Honjian, CEO. He is also a<br>Director and has voting control of AEI. | Common Stock | 5402988580 | 95% |
| Mohd Azham bin Azudin, CFO<br>No. 14 Lorong 31, Taman Patani Jaya<br>08000, Sungai Petani, Kedah, | -0- | -0- | -0- |
| **All Officers & Directors as a Group(2)** | Common Stock | 5402988580 | 95% |

---

**ITEM 5: DIRECTORS AND EXECUTIVE OFFICERS**

**Directors and Executive Officers**

The following table sets forth our executive officers' and directors' names and positions. Directors will be elected at our annual meeting of stockholders and serve for one year or until their successors are elected and qualified. The Board elects officers whose terms of office are, except to the extent governed by employment contract, at the discretion of the Board.

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position** |
| John Tan Honjian | 37 | CEO/Pres/Secretary/Director |
| Mohd Azham bin Azudin | 53 | CFO |

---

**John Tan Honjian**

Upon the Change of Control on June 20, 2024, Mr. John Tan Honjian became an officer and sole director of the Company. Subsequently, on April 16, 2025, Mr. Mohd Azham bin Azudin was appointed Chief Financial Officer.

Mr. Tan, is based in Kuala Lumpur, Malaysia, brings extensive expertise as a corporate strategist and private equity investor with significant legal experience in local and cross-border corporate mergers and acquisitions, corporate joint ventures and strategic alliances, foreign investment, private equity and venture capital deals, private fund establishment and structuring for private equity fund and venture capital funds, project financing, structuring of investment deals for high net-worth family offices, strategic structuring of business deals, and property transactions for both corporate and individual clients.

Since January 2015, Mr. Tan has served as Chairman and CEO of AEI Capital Group located in Hong Kong, Kuala Lumpur, and Shenzhen, where he led the Asia-Pacific-focused private equity investment group with AUM exceeding USD $3 billion with the support of a seasoned team backed by diverse experience in more than 100 M&A transactions, exceeding 50 private equity deals and above 20 IPO exercises in major financial centers such as New York, Hong Kong, Singapore, Sydney and Kuala Lumpur. AEI Capital Group specializes in late-stage, pre-IPO investments, merger and acquisition/joint venture transactions, private equity/venture capital deals, private investment in public equity (PIPE), hedge fund portfolio, private fund structuring, and buy-out of high-growth small and medium-sized enterprises and tech ventures, with preferred exit via IPO on global stock exchanges such as HKEX, ASX, and NASDAQ. AEI Capital Group received the Best Private Equity Firm (East Asia) award at the Fund Awards 2021 and 2022, presented by Wealth & Finance International (WFI).

Mr. Tan has served as Chief Executive Officer, Chairman, and Director of OpGen since August 2, 2024, a position he continues to hold, and as co-president of the Investment Banking Services Group at European Credit Investment Bank Ltd. since January 2020, where he leads its offshore investment banking services group to serve small-cap listed companies across the Asia Pacific whose capital market needs are still largely underserved by onshore investment banks and global institutional investors. Mr. Tan has served on the boards of directors of various high-growth companies across the Asia-Pacific region and has acted as a board advisor to publicly listed companies in the region.

Earlier in his career, Mr. Honjian specialized in mergers and acquisitions, capital markets, and private equity as a common law-qualified cross-border corporate lawyer at Rajah and Tann Singapore LLP, the largest law firm in the ASEAN region, headquartered in Singapore, with affiliate offices in Cambodia, China, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam, and founded in 1976. Mr. Tan also served as regional counsel for a Fortune 100 company, overseeing the ASEAN and South Asia regions. Mr. Tan has received the Global Innovator Award 2018 in the Finance and Investment Category from the Global SME Alliance and the United Nations for his significant contribution to the ASEAN-plus-China One-Belt-One-Road private equity investment thesis. Mr. Tan spoke as a Panel Speaker at the Global SME Summit alongside global leaders such as France's former Prime Minister, Mr. Jean-Pierre Raffarin, and China's former Vice Premier, Mdm. Wu Gui Xian. Mr. Tan completed his Master of Business Administration (MBA) Essentials Programme at the London School of Economics and Political Science (LSE), and an Executive Programme on Blockchain Strategy at the University of Oxford. He also completed his Postgraduate Executive Programme in Alternative Investments at Harvard University.

Mr. Azudin was appointed Chief Financial Officer by the Board of Directors on April 16, 2025.

Mr. Azudin has over 25 years of investment experience, specifically in private equity, venture capital, and corporate advisory work, including corporate structuring, finance, and mergers and acquisitions. Since March 2023, he has served as Vice President of Group Investments and Corporate Advisory at AEI Capital Ltd. On December 4, 2024, the Board of Directors of OpGen, Inc. appointed Mr. Azudin as Chief Operating Officer of the Company, a position he continues to hold. Mr. Azudin will retain such role; however, in that capacity, he will also serve as the Company's Chief Operating Officer. From September 2022 to January 2023, Mr. Azudin served as the Lead Executioner for the Security Token Offering ("STO") Division at ATA Global Inc., US. From March 2021 to June 2021, Mr. Azudin was involved in the F&B Fund Framework and Conceptualization Paper at Articulate Fusion Sdn. Bhd. Mr. Azudin served as Vice President of Private Equity Investments at Malaysian Development Bank's Private Equity Management Company from 2007 to 2010 and as Executive Vice President of Corporate Affairs at Quest Mastery Asia Group from 2017 to 2021. Mr. Azudin holds a chartered accountant designation from the Malaysian Institute of Accountants.

**Term of Office**

All of our directors are appointed for a one-year term to hold office until the next annual meeting of stockholders and until their successors are elected and qualified, or until their earlier death, retirement, resignation, or removal. Executive officers serve at the discretion of the Board of Directors and are elected or appointed to serve until the next Board of Directors meeting following the annual meeting of stockholders. Our executive officers are appointed by our Board of Directors and hold office until removed by the Board.

**Family Relationships**

There are no family relationships between or among the directors, executive officers, or persons nominated or chosen by us to become directors or executive officers.

**Involvement in Certain Legal Proceedings**

To the best of our knowledge, during the past five years, none of the following occurred with respect to a present director (or person nominated to become director), executive officer, founder, promoter or control person: (1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time; (2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses); (3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his or her involvement in any type of business, securities or banking activities; and (4) being found by a court of competent jurisdiction (in a civil action), the SEC or the Commodities Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

**Director Independence**

The Board consists of one member, none of whom meet the independence requirements of the Nasdaq Stock Market as currently in effect.

**Audit Committee**

We do not have any Board committees because we have only one director.

**Director Independence**

We do not currently have any independent directors. We evaluate independence by the standards for director independence established by Marketplace Rule 5605(a)(2) of the Nasdaq Stock Market, Inc.

**Board Leadership Structure**

We have chosen to combine the Chief Executive Officer and Board Chairman positions because the same person serves as our sole director.

**Code of Ethics and Insider Trading**

Our Board has not adopted a Code of Ethics or an Insider Trading Policy due to the Company's size and lack of employees. As of the date of this Report, our sole director is also our Chief Executive Officer.

**ITEM 6: EXECUTIVE COMPENSATION**

The following information is related to the compensation paid, distributed, or accrued by us for the fiscal year ended May 31, 2025, to our Chief Executive Officer (principal executive officer) during the last fiscal year and the two other most highly compensated executive officers serving as of the end of the last fiscal year whose compensation exceeded $100,000 (the "Named Executive Officers"):

We have not paid any compensation to our Chief Executive Officers (the "Named Executive Officers") during the last two fiscal years.

**Employment Agreements**

The Company currently has no employment agreements with its executive officers or other employees.

**Director Compensation**

To date, we have not paid our director any compensation for services on our Board.

**Equity Compensation Plan Information**

The Company has no securities authorized for issuance or outstanding under any equity compensation plan or under equity compensation grants made outside such a plan.

**ITEM 7: CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**

Not applicable.

**ITEM 8: LEGAL PROCEEDINGS**

We are not currently involved in any legal proceedings and are unaware of any pending or potential legal actions.

**ITEM 9: MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS**

**Market Information**

Our common stock trades in the Expert Market under the symbol "UBYH". There is no quoted stock price at this time.

**Shareholders**

Our common stock is issued in registered form. Pacific Stock Transfer, 6725 Via Austi Parkway #300, Las Vegas, Nevada 90119, is the registrar and transfer agent for our shares of common stock.

As of April 21, 2026, 5,687,356,400 shares of our common stock were outstanding, held by approximately 792 record stockholders. The number of record holders was determined from our transfer agent's records and does not include beneficial owners of common stock held in the names of various securities brokers, dealers, and registered clearing agencies.

**Dividends**

We have never paid or declared dividends on our Common Stock and do not anticipate paying cash dividends in the foreseeable future.

**Securities Authorized for Issuance Under Equity Compensation Plans**

We currently do not have any equity compensation plans.

**Unregistered Sales of Equity Securities**

We have previously disclosed all sales of securities without registration under the Securities Act of 1933.

**ITEM 10: RECENT SALES OF UNREGISTERED SECURITIES**

None.

**ITEM 11: DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED**

*<u>Common stock</u>*

As of April 21, 2026, the Company had authorized 7,000,000,000 common shares with a par value of $0.001. As of April 21, 2026, there were 5,687,356,400 common shares issued and outstanding.

*<u>Preferred stock</u>*

On December 6, 2023, the Company awarded Custodian Ventures 55,000,000 Class A Preferred Stock, and 10,000,000 shares of newly designated Series A-1 Preferred Stock with a par value of $0.001. These shares were awarded for services performed and to cancel all advances made by the Custodian to the Company to enable the Company to pay for its operating expenses. The Class A Preferred Stock, which was convertible on a 1-for-1 basis to common stock, was valued at $0.0003, which was the trading price of the Company's common stock on the date of issuance of the Class A shares, which equaled a value of $16,500. The 10,000,000 shares of Preferred A-1 stock were convertible in 95% of the then-outstanding shares of common stock. The fair market selling price of comparable shell companies was determined to be $250,000, of which the Preferred A-1 stock granted a 95% interest, resulting in a value of $237,500.

On January 5, 2024, Custodian Ventures converted its 55,000,000 Class A shares to 55,000,000 common shares. Simultaneously, the holder of 50,000,000 Class A shares also converted their shares to 50,000,000 shares of common stock.

On March 30, 2026, AEI Capital Ltd. converted its 10,000,000 shares of Series A-1 Preferred Stock into 5,402,988,580 shares of common stock. As of April 21, 2026, there were 10,000,00 shares of Preferred Stock with a par value of $0.001 authorized and no Preferred Stock issued and outstanding.

**ITEM 12: INDEMNIFICATION OF DIRECTORS AND OFFICERS**

Our articles provide to the fullest extent permitted by Nevada law that our directors or officers shall not be personally liable to the Company or our stockholders for damages for breach of such director's or officer's fiduciary duty. The effect of this provision of our articles is to eliminate our rights and the rights of our stockholders (through stockholders' derivative suits on behalf of the Company) to recover damages against a director or officer for breach of the fiduciary duty of care as a director or officer (including breaches resulting from negligent or grossly negligent behavior), except under certain situations defined by statute. We believe the indemnification provisions in our articles are necessary to attract and retain qualified directors and officers.

Nevada corporate law provides that a corporation may indemnify a director, officer, employee or agent made a party to an action by reason of that fact that he was a director, officer employee or agent of the corporation or was serving at the request of the corporation against expenses actually and reasonably incurred by him in connection with such action if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the corporation and with respect to any criminal action, had no reasonable cause to believe his conduct was unlawful.

**ITEM 13: FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

Our audited financial statements for the years ended May 31, 2025, and 2024, and our unaudited financial statements for the nine-month periods ending February 28, 2026, and 2025, appear at the end of this registration statement on pages F-1 through F-23.

**ITEM 14: CHANGES IN AND DISAGREEMENTS WITH INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON ACCOUNTING AND FINANCIAL DISCLOSURE**

On March 14, 2024, we appointed Beckles & Co. Inc. of West Palm Beach, Florida, as our new independent auditors.

There have been no disagreements with the independent registered public accounting firm regarding accounting and financial disclosure.

**ITEM 15: FINANCIAL STATEMENTS, AND EXHIBITS**

**(a) Financial Statements**

Our audited financial statements for the years ended May 31, 2025, and 2024, and our unaudited financial statements for the nine-month periods ending February 28, 2026, and 2025, appear at the end of this registration statement on pages F-1 through F-23.

**(b) Exhibits**

See the Exhibit Index beginning following the signature page.

**Where You Can Find More Information**

For further information with respect to Ubuy Holdings Inc., and its common stock, please refer to the registration statement, including its exhibits and schedules. Statements made in this registration statement relating to any contract or other document are not necessarily complete, and you should refer to the exhibits attached to the registration statement for copies of the actual contract or document. You may review a copy of the registration statement, including its exhibits and schedules, at the SEC's public reference room, located at 100 F Street, NE, Washington, D.C. 20549, by calling the SEC at 1-800-SEC-0330, as well as on the Internet website maintained by the SEC at sec.report.gov. Information contained on any website referenced in this registration statement is not incorporated by reference in this registration statement.

The Company intends to be subject to the information and reporting requirements of the Exchange Act and, in accordance with the Exchange Act, to file periodic reports, proxy statements, and other information with the SEC.

You should rely only on the information contained in this registration statement or on which this registration statement refers. The Company has not authorized any person to provide you with different information or to make any representation not contained in this registration statement.

**UBUY HOLDINGS INC.**

**FINANCIAL STATEMENTS AND EXHIBITS**

**INDEX TO FINANCIAL STATEMENTS**

**Audited Financial Statements for the Years Ended May 31, 2025 and 2024**

---

| | |
|:---|:---|
| [Report of Independent Registered Public Accounting Firm (PCAOB #7116)](#fin1_001) | F-2 |
| [Balance Sheets as of May 31, 2025, and 2024](#fin1_002) | F-4 |
| [Statements of Operations for the Fiscal Years Ended May 31, 2025, and May 31, 2024](#fin1_003) | F-5 |
| [Statement of Changes in Stockholders' Deficit for the Fiscal Years Ended May 31, 2025, and 2024](#fin1_004) | F-6 |
| [Statements of Cash Flows for the Fiscal Years Ended May 31, 2025, and May 31, 2024](#fin1_005) | F-7 |
| [Notes to the Financial Statements](#fin1_006) | F-8 |

---

**Unaudited Financial Statements for the Nine Months Ended February 28, 2026 and 2025**

---

| | |
|:---|:---|
| [**Condensed Balance Sheets, February 28, 2026 (Unaudited), and May 31, 2025**](#fin2_001) | **F-12** |
| [**Condensed Unaudited Statements of Operations, for the Three and Nine Months Ended February 28, 2026, and February 28, 2025**](#fin2_002) | **F-13** |
| [**Condensed Unaudited Statements of Changes in Stockholders' (Deficit), for the Three and Nine Months Ended February 28, 2026, and February 28, 2025**](#fin2_003) | **F-14** |
| [**Condensed Unaudited Statements of Cash Flows for the Nine Months Ended February 28, 2026 and February 28, 2025**](#fin2_004) | **F-15** |
| [**Notes to the Unaudited Condensed Interim Financial Statements**](#fin2_005) | **F-16** |

---

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

![](img_001.jpg)

To the shareholders and the board of directors of UbuyHoldings, Inc.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheets of UbuyHoldings, Inc as of May 31, 2025 and 2024, the related statements of operations, stockholders' (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of May 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States.

**Substantial Doubt about the Company's Ability to Continue as a Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

**Basis for Opinion**

These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

**Critical Audit Matters**

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole<sup>10</sup>, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

![](img_001.jpg)

400 Columbia Drive, Suite 101

West Palm Beach, FL 33409

Ph.561 689-4093

Fax: 954 827-0968

No matters identified in the audit were considered to be critical audit matters.

/s/ Beckles & Co

**Beckles & Co. Inc. (PCAOB ID 7116)**

We have served as the Company's auditor since 2024

West Palm Beach, FL

May 5, 2025

400 Columbia Drive, Suite 101

West Palm Beach, FL 33409

Ph.561 689-4093

Fax: 954 827-0968

**UbuyHoldings, Inc.**

**Balance Sheets**

---

| | | |
|:---|:---|:---|
|  | **May 31,<br>2025** | **May 31,<br>2024** |
| **ASSETS** |  |  |
| Current assets: | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $- | $- |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | $34141 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable related parties | 18584 | 45102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 52725 | 45102 |
| Commitments and contingencies |  |  |
| Stockholders' Deficit: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stock, Class A $0.10 par value -0- shares authorized, -0- and -0- shares issued and outstanding respectively, as of May 31, 2025, and May 31, 2024 |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stock, Class A-1 $0.001 par value 10,000,000 shares authorized 10,000,000 and 10,000,000 shares issued and outstanding, respectively, as of May 31, 2025, and May 31, 2024 | 10000 | 10000 |
| &nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, 500,000,000 shares authorized, 284,367,820 and 284,367,820 shares issued and outstanding, respectively, as of May 31, 2025, and May 31, 2024 | 284368 | 284368 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 13919192 | 13874090 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (14266285) | (14213560) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' deficit | (52725) | (45102) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and deficit | $- | $- |

---

The accompanying notes are an integral part of these financial statements.

**UbuyHoldings, Inc.**

**Statements of Operations**

---

| | | |
|:---|:---|:---|
|  | **Fiscal Year ended<br>May 31,**<br>**2025** | **Fiscal Year ended<br>May 31,**<br>**2024** |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | $52725 | $284102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 52725 | 284102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss from operations | (52725) | (284102) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss before income taxes | (52725) | (284102) |
| Provision for income taxes (benefit) | - | - |
| Net loss | $(52725) | $(284102) |
| Basic (loss) per common share | $(0.00) | $(0.00) |
| Diluted (loss) per common share | $(0.00) | $(0.00) |
| Weighted-weighted average number of shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 284367820 | 221826836 |
| &nbsp;&nbsp;&nbsp;Diluted | 284367820 | 221826836 |

---

The accompanying notes are an integral part of these financial statements.

**UbuyHoldings, Inc.**

**Statements of Changes in Stockholders' Deficit**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Preferred Stock** | **Preferred Stock** | | | | | |
|  | **Preferred A Stock** | **Preferred A Stock** | **Series A-1** | **Series A-1** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Value** | **Shares** | **Amount** | **Additional**<br>**Paid-in**<br>**Capital** |<br>**Accumulated**<br>**Deficit** | **Total**<br>**Stockholders'**<br>**Deficit** |
| Balance, May 31, 2023 | 50000000 | $5000000 | - | $- | 179367820 | $179368 | $8735090 | $(13929458) | $(15000) |
| Issuance of Series A Preferred Stock | 55000000 | $5500000 |  |  |  |  | (5483500) |  | 16500 |
| Issuance of Series A-1 Preferred Stock |  |  | 10000000 | $10000 |  |  | 227500 |  | 237500 |
| Conversion of Series A Preferred Stock to Common Stock | (105000000) | $(10500000) |  |  | 105000000 | $105000 | 10395000 |  |  |
| Net (loss) |  | - |  | - |  | - | - | (284102) | (284102) |
| Balance, May 31, 2024 | - | $- | 10000000.00 | $10000 | 284367820 | $284368 | $13874090 | $(14213560) | $(45102) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred A Stock** | **Preferred A Stock** | **Preferred Stock <br> Series A-1** | **Preferred Stock <br> Series A-1** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Value** | **Shares** | **Amount** | **Additional<br> Paid-in**<br>**Capital** | **Accumulated**<br>**Deficit** | **Total<br> Stockholders'**<br>**Deficit** |
| Balance, May 31, 2024 |  | $- | 10000000 | $10000.00 | 284367820 | $284368 | $13874090 | $(14213560) | $(45102) |
| Forgiveness of debt by related party |  |  |  |  |  |  | 45102 |  | 45102 |
| Net (loss) |  | - |  | - |  | - | - | (52725) | (52725) |
| Balance, May 31, 2025 |  | $- | 10000000.00 | $10000 | 284367820 | $284368 | $13919192 | $(14266285) | $(52725) |

---

The accompanying notes are an integral part of these financial statements.

**UbuyHoldings, Inc.**

**Statements of Cash Flows**

---

| | | |
|:---|:---|:---|
|  | **Fiscal Year ended<br>May 31,**<br>**2025** | **Fiscal Year ended<br>May 31,**<br>**2024** |
| Cash flows from operating activities |  |  |
| &nbsp;&nbsp;&nbsp;Net (loss) | $(52725) | $(284102) |
| &nbsp;&nbsp;&nbsp;Stock compensation expense |  | 254000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | 34141 | (10000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash (used in) operating activities | (18584) | (40102) |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable related parties | 18584 | 40102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 18584 | 40102 |
| Net increase in cash and cash equivalents | $- | $- |
| Cash and cash equivalents at beginning of period | - | - |
| Cash and cash equivalents at end of period | $- | $- |
| Supplemental disclosure of non-cash investing and financing activity |  |  |
| Sale of Series A-1 Preferred Stock as forgiveness of notes payable-related party debt | $45102 | $- |

---

The accompanying notes are an integral part of these financial statements.

**NOTES TO FINANCIALS STATEMENTS FOR THE**

**FISCAL YEARS ENDED MAY 31, 2025 AND 2024**

**NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS**

UbuyHoldings, Inc. ("we", "us", the "Company", "UBUY"), f/k/a E-Pawn.Com, Inc. was incorporated in 1985 in the state of Nevada as Java, Inc. The Company changed its name to Wasatch International Corporation in 1995. It acquired E- Pawn, Inc. in February 2000, and the Company changed its name to E-Pawn.Com, Inc. Its wholly-owned subsidiary E-Pawn, Inc., began operations in 1999 to operate an Internet auction site and to acquire and operate complementary electronic commerce (e-commerce) businesses under its UBUYNETWORK.COM umbrella.

The Company filed its Form 10-K/A for the period ended May 31, 2000 on November 19, 2001 and has been dormant since that time. On July 26, 2023 as a result of a custodianship in Clark County, Nevada, Case Number: A-23-871247-B, Custodian Ventures LLC ("Custodian"), managed by Mr. David Lazar was appointed custodian of the Company. On the same date, Custodian appointed Mr. David Lazar as the Company's Chief Executive Officer, President, Secretary, Chief Financial Officer, and Chairman of the Board of Directors.

On June 20, 2024 (the "Closing Date"), and effective on June 24, 2024 (the "Effective Date"), David Lazar (the "Seller") and AEI Capital Ltd. (the "Purchaser") entered into a Stock Purchase Agreement (the "SPA") dated May 16, 2024. Pursuant to the SPA, among other provisions, the Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Seller a total of 10,000,000 shares of Series A-1 Preferred Stock of the Company held in the name of the Seller (the "Purchased Shares"). The Purchased Shares represented 100% of the Company's issued and outstanding Series A-1 Preferred Stock and 95% of the total voting power of issued and outstanding Preferred and Common stock of the Company. In connection with the transaction contemplated by the SPA and subsequent amendments, all previous officers of the Company resigned from their positions, and new officers designated by the Purchaser assumed their roles on June 24, 2024, with immediate effect.

Pursuant to the SPA and subsequent amendments, the Board of Directors ("Board") appointed Mr. John Tan Honjian to fill a vacancy on the Company's Board of Directors caused by the resignation of the Company's sole Board Member, Mr. David Lazar. Such appointments and resignations became effective on June 24, 2024. Also, on the Effective Date, the Board appointed Mr. John Tan Honjian as President/CEO and CFO and as Secretary. Subsequently, on April 16, 2025, Mr. Mohd Azham bin Azudin was appointed as the Chief Financial Officer.

Since January 2015, Mr. Honjian has served as Chairman and CEO of AEI Capital Group located in Hong Kong, Kuala Lumpur, and Shenzhen, where he led the Asia-Pacific-focused private equity investment group with AUM exceeding USD $3 billion with the support of a seasoned team backed by diverse experience in more than 100 M&A transactions, exceeding 50 private equity deals and above 20 IPO exercises in major financial centers such as New York, Hong Kong, Singapore, Sydney and Kuala Lumpur. AEI Capital Group specializes in late-stage, pre-IPO investments, merger and acquisition/joint venture transactions, private equity/venture capital deals, private investment in public equity (PIPE), hedge fund portfolio, private fund structuring, and buy-out of high growth small and medium-sized enterprises and tech ventures, with preferred exit via IPO on global stock exchanges such as HKEX, ASX, and NASDAQ. AEI Capital Group received the award of Best Private Equity Firm (East Asia) in Fund Awards 2021 and 2022 granted by Wealth & Finance International (WFI).

Since January 2020, Mr. Tan has served as co-president of the Investment Banking Services Group at European Credit Investment Bank Ltd., where he leads its offshore investment banking services group to serve small-cap listed companies across the Asia Pacific whose capital market needs are still mostly underserved by onshore investment banks and global institutional investors. Mr. Tan has served on the board of directors of various high-growth companies across the Asia Pacific and acted as the Board advisor to various publicly listed companies across the Asia Pacific.

The Company's fiscal year-end is May 31.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*<u>Basis of Presentation</u>*

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America or ("U.S. GAAP").

*<u>Going Concern</u>*

As of May 31, 2025 the Company had $-0- in cash and cash equivalents. The Company had a net loss of $52,725 for the fiscal year ended May 31, 2025, had negative working capital of $52,725 and an accumulated deficit of $14,266,285 on May 31, 2025. Historically, the Company's principal sources of liquidity have been cash provided by related parties. The Company's operating results for future periods are subject to numerous uncertainties. These factors raise substantial doubt about the Company's ability to continue as a going concern.

*<u>Use of Estimates</u>*

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities at the date of the financial statements. The most significant estimates relate to debt and liabilities. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

*<u>Cash and cash equivalents</u>*

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less cash equivalents. As of May 31, 2025, and May 31, 2024, the Company had no cash on hand.

*<u>Income taxes</u>*

The Company accounts for income taxes under FASB ASC 740, *"Accounting for Income Taxes"*. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, *"Accounting for Uncertainty in Income Taxes,"* prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not sustained upon examination by taxing authorities.

The amount recognized is measured as the largest benefit that is greater than 50 percent likely to be realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position's sustainability under audit.

*<u>Net Loss per Share</u>*

The Company reports loss per share under A.S.C. Topic 260, "Earnings Per Share", which establishes computing standards and presents earnings per share. The basic loss per share calculation divides the net loss allocable to common stockholders by the weighted-average shares of common stock outstanding during the period without considering common stock equivalents. The diluted loss per share calculation is calculated by adjusting the weighted-average shares of common stock outstanding for the dilutive effect of common stock equivalents, including stock options and warrants, outstanding for the period as determined using the treasury stock method. For the diluted net loss per share calculation purposes, common stock equivalents are excluded from the calculation because their effect would be anti-dilutive. Therefore, basic and diluted net loss per share applicable to common stockholders is the same for periods with a net loss.

*<u>Stock-Based Compensation</u>*

The Company accounts for stock compensation with persons classified as employees for accounting purposes under ASC 718 "Compensation-Stock Compensation", which recognizes awards at fair value on the date of grant and recognition of compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes Option Pricing Model. The fair value of common stock issued for services is determined based on the Company's stock price on the issuance date.

The expansion of Topic 718 fell under A.S.U. 2018-07 to include share-based payment transactions for acquiring goods and services from non-employees. The measurement date for equity-classified non-employee share-based payment awards is no longer at the earlier date at which a commitment for performance by the counterparty is reached or the date at which the counterparty's performance is complete. Instead, the grant date is now considered the measurement date. Under today's guidance, the measurement of non-employee share-based payment awards with performance conditions is at the lowest aggregate fair value, often resulting in a zero value. The new A.S.U. aligns the accounting for non-employee share-based payment awards with performance conditions with accounting for employee share-based payment awards under Topic 718 by requiring entities to consider the probability of satisfying performance conditions. Current guidance requires entities to use the contractual term for the measurement of the non-employee share-based payment awards. The new A.S.U. allows entities to make an award-by-award election to use either the expected duration (consistent with employee share-based payment awards) or the contractual term for non-employee awards.

*<u>Recent Accounting Pronouncements</u>*

Other recent accounting standards issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the S.E.C., did not or are not believed by management to have a material impact on the Company's present financial statements.

**NOTE 3 – RELATED PARTY TRANSACTIONS**

As of May 31, 2024, Custodian Ventures, the company's Custodian, had advanced $45,102 in the form of an interest-free demand loan. On December 6, 2023 and January 5, 2024, the Company awarded Custodian Ventures with two classes of Preferred Stock.

On June 20, 2024, Mr. David Lazar, the managing director of Custodian Ventures the "Seller" and AEI Capital Ltd. (the "Purchaser") entered into a Stock Purchase Agreement (the "SPA") dated May 16, 2024. Pursuant to the SPA, among other provisions, the Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Seller a total of 10,000,000shares of Series A-1 Preferred Stock of the Company held in the name of the Seller (the "Purchased Shares"). The Purchased Shares represented 100% of the Company's issued and outstanding Series A-1 Preferred Stock and 95% of the total voting power of issued and outstanding Preferred (upon conversion) and Common stock of the Company. Concurrently with this transaction Custodian Ventures forgave the balance due of $45,102 due from the Company. See Note 4. Equity.

As of May 31, 2025, a related party had advanced $18,584 in the form of an interest-free demand loan.

**NOTE 4 – EQUITY**

*<u>Common stock</u>*

As of May 31, 2025 the Company had 500,000,000 common shares with a par value $0.001 authorized. As of May 31, 2025 and 2024 there were 284,367,820 common shares issued and outstanding, respectively.

*<u>Preferred stock</u>*

On December 6, 2023, the Company awarded Custodian Ventures 55,000,000 Class A Preferred Stock, and 10,000,000 shares of newly designated Series A-1 Preferred Stock with a par value of $0.001. These shares were awarded for services performed and to cancel all advances made by the Custodian to the Company to enable the Company to pay for its operating expenses. The Class A Preferred Stock which was convertible on a 1 for 1 basis to common stock was valued at $0.0003 which was the trading price of the Company's common stock on the date issuance of the Class A shares which equaled a value of $16,500. The 10,000,000 shares of Preferred A-1 stock, was convertible in 95% of the outstanding shares of common stock. The fair market selling price of comparable shell companies was determined to be $250,000 of which the Preferred A-1 stock granted a 95% interest which equaled a value of $237,500.

On January 5, 2024, Custodian Ventures converted its 55,000,000 Class A shares to 55,000,000 common shares. Simultaneously, the holder of 50,000,000 Class A shares also converted their shares to 50,000,000 shares of common stock.

As of May 31, 2025, there were 10,000,00 shares of Class A-1 Preferred shares with a par value of $0.001 authorized. As of May 31, 2025, 10,000,000 shares of Class A-1 Preferred Stock were issued and outstanding. Under the terms of the Certificate of Designation for the Series A-1 Preferred Stock, the 10,000,000 shares are convertible to a number of shares equal to 95% post conversion of the total number of issued and outstanding shares of common stock.

**NOTE 5 – SUBSEQUENT EVENTS**

In accordance with ASC 855-10, Company has performed an evaluation of subsequent events from August 31, 2024, through September 11, 2025, the date the financial statements were issued. Based on the evaluation, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

**UbuyHoldings, Inc.**

**Condensed Balance Sheets**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **February 28,**<br>**2026** | **May 31,**<br>**2025** |
| **ASSETS** |  |  |
| Current assets: | $- | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $- | $- |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | $4089 | $34141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes payable related parties | 100753 | 18584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 104842 | 52725 |
| Commitments and contingencies |  |  |
| Stockholders' Deficit: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stock, Class A $0.10 par value -0- shares authorized, -0- and -0- shares issued and outstanding respectively, as of February 28, 2026 and May 31, 2025 |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stock, Class A-1 $0.001 par value 10,000,000 shares authorized, 10,000,000 and 10,000,000 shares issued and outstanding respectively as of February 28, 2026 and May 31, 2025 | 10000 | 10000 |
| &nbsp;&nbsp;&nbsp;Common stock, $0.001 par value, 7,000,000,000 shares authorized, 284,367,820 and 284,367,820 shares issued and outstanding respectively as of February 28, 2026 and May 31, 2025 | 284368 | 284368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 13919192 | 13919192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (14318402) | (14266285) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' deficit | (104842) | (52725) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and deficit | $- | $- |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

**UbuyHoldings, Inc.**

**Condensed Statements of Operations**

**(Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended**<br>**February 28,**<br>**2026** | **Three Months Ended**<br>**February 28,**<br>**2025** | **Nine Months Ended**<br>**February 28,**<br>**2026** | **Nine Months Ended**<br>**February 28,**<br>**2025** |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | $24059 | $- | $52117 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 24059 | - | 52117 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss from operations | (24059) | - | (52117) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss before income taxes | (24059) |  | (52117) |  |
| Provision for income taxes (benefit) | - | - | - | - |
| Net loss | $(24059) | $- | $(52117) | $- |
| Basic (loss) per common share | $(0.00) | $- | $(0.00) | $- |
| Diluted earnings per common share | $(0.00) | $- | $(0.00) | $- |
| Weighted-weighted average number of shares outstanding: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 284367820 | 284367820 | 284367820 | 284367820 |
| &nbsp;&nbsp;&nbsp;Diluted | 284367820 | 284367820 | 284367820 | 284367820 |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

**UbuyHoldings, Inc.**

**Condensed Statements of Changes in Stockholders' Deficit**

**(Unaudited)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred A Stock** | **Preferred A Stock** | **Preferred Stock<br> Series A-1** | **Preferred Stock<br> Series A-1** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Value** | **Shares** | **Amount** | **Additional<br> Paid-in**<br>**Capital** | **Accumulated**<br>**Deficit** | **Total<br> Stockholders'**<br>**Deficit** |
| Balance, May 31, 2024 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13874090 | $(14213560) | $(45102) |
| Forgiveness of debt by related party |  |  |  |  |  |  | 45102 |  | 45102 |
| Net (loss) |  | - |  | - |  | - | - | - | - |
| Balance, August 31, 2024 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14213560) | $- |
| Net (loss) |  | - |  | - |  | - | - | - | - |
| Balance, November 30, 2024 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14213560) | $- |
| Net (loss) |  | - |  | - |  | - | - | - | - |
| Balance, February 28, 2025 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14213560) | $- |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Preferred A Stock** | **Preferred A Stock** | **Series A-1** | **Series A-1** | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Shares** | **Value** | **Shares** | **Amount** | **Additional<br> Paid-in**<br>**Capital** | **Accumulated**<br>**Deficit** | **Total<br> Stockholders'**<br>**Deficit** |
| Balance, May 31, 2025 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14266285) | $(52725) |
| Net (loss) |  | - |  | - |  | - | - | (20308) | (20308) |
| Balance, August 31, 2025 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14286593) | $(73033) |
| Net (loss) |  | - |  | - |  | - | - | (7750) | (7750) |
| Balance, November 30, 2025 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14294343) | $(80783) |
| Net (loss) |  | - |  | - |  | - | - | (24059) | (24059) |
| Balance, February 28, 2026 |  | $- | 10000000 | $10000 | 284367820 | $284368 | $13919192 | $(14318402) | $(104842) |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

**UbuyHoldings, Inc.**

**Condensed Statements of Cash Flows**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Nine Months Ended**<br>**February 28,**<br>**2026** | **Nine Months Ended**<br>**February 28,**<br>**2025** |
| Cash flows from operating activities |  |  |
| &nbsp;&nbsp;&nbsp;Net (loss) | $(52117) | $- |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued liabilities | (30051) | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (82168) |  |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Notes payable related parties | 82168 | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 82168 |  |
| Net increase in cash and cash equivalents | $- | $- |
| Cash and cash equivalents at beginning of period | - | - |
| Cash and cash equivalents at end of period | $- | $- |
| Significant Non-Cash Transactions |  |  |
| Sale of Series A-1 Preferred Stock as forgiveness of notes payable-related party debt | $- | $45102 |

---

The accompanying notes are an integral part of these unaudited condensed financial statements.

**NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS**

UbuyHoldings, Inc. ("we", "us", the "Company", "UBUY"), f/k/a E-Pawn.Com, Inc. was incorporated in 1985 in the state of Nevada as Java, Inc. The Company changed its name to Wasatch International Corporation in 1995. It acquired E- Pawn, Inc. in February 2000, and the Company changed its name to E-Pawn.Com, Inc. Its wholly-owned subsidiary E-Pawn, Inc., began operations in 1999 to operate an Internet auction site and to acquire and operate complementary electronic commerce (e-commerce) businesses under its UBUYNETWORK.COM umbrella.

The Company filed its Form 10-K/A for the period ended May 31, 2000 on November 19, 2001 and has been dormant since that time. On July 26, 2023 as a result of a custodianship in Clark County, Nevada, Case Number: A-23-871247-B, Custodian Ventures LLC ("Custodian"), managed by Mr. David Lazar was appointed custodian of the Company. On the same date, Custodian appointed Mr. David Lazar as the Company's Chief Executive Officer, President, Secretary, Chief Financial Officer, and Chairman of the Board of Directors.

On June 20, 2024 (the "Closing Date"), and effective on June 24, 2024 (the "Effective Date"), David Lazar (the "Seller") and AEI Capital Ltd. (the "Purchaser") entered into a Stock Purchase Agreement (the "SPA") dated May 16, 2024. Pursuant to the SPA, among other provisions, the Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Seller a total of 10,000,000 shares of Series A-1 Preferred Stock of the Company held in the name of the Seller (the "Purchased Shares"). The Purchased Shares represented 100% of the Company's issued and outstanding Series A-1 Preferred Stock and 95% of the total voting power of issued and outstanding Preferred and Common stock of the Company. In connection with the transaction contemplated by the SPA and subsequent amendments, all previous officers of the Company resigned from their positions, and new officers designated by the Purchaser assumed their roles on June 24, 2024, with immediate effect.

Pursuant to the SPA and subsequent amendments, the Board of Directors ("Board") appointed Mr. John Tan Honjian to fill a vacancy on the Company's Board of Directors caused by the resignation of the Company's sole Board Member, Mr. David Lazar. Such appointments and resignations became effective on June 24, 2024. Also, on the Effective Date, the Board appointed Mr. Honjian as President/CEO, CFO, and Secretary. As of the date of this Report, the Board and the Company's officers consist of Mr. John Tan Honjian the CEO, and Mr. Mohd Azham bin Azudin the CFO.

The Company's fiscal year end is May 31.

**NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

*<u>Basis of Presentation</u>*

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America or ("U.S. GAAP").

*<u>Going Concern</u>*

As of February 28, 2026 the Company had $-0- in cash and cash equivalents. The Company had net loss of $52,117 for the nine months ended February 28, 2026, had negative working capital of $104,842 and an accumulated deficit of $14,318,402 on February 28, 2026. Historically, the Company's principal sources of liquidity have been cash provided by operating activities, as well as financial support from related parties. The Company currently is custodianship and expects its Custodian, who has a demonstrated track record of funding custodianships he has undertaken, to provide financing for the next twelve months. The Company's operating results for future periods are subject to numerous uncertainties. These factors raise substantial doubt about the Company's ability to continue as a going concern.

*<u>Use of Estimates</u>*

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of asset and liabilities at the date of the financial statements. The most significant estimates relate to debt and liabilities. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.

*<u>Cash and cash equivalents</u>*

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less cash equivalents. As of February 28, 2026 the Company had no cash on hand.

*<u>Revenue Recognition</u>*

Effective June 1, 2018, the Company adopted Accounting Standards Codification ("A.S.C.") Topic 606, Revenue from Contracts with Customers ("ASC 606"). Results for reporting periods beginning after January 1, 2018, are presented under ASC 606. For the nine months ended February 28, 2026, the financial statements were not impacted due to the application of Topic 606 because the Company had no revenues.

*<u>Management's Representation of Interim Financial Statements</u>*

The accompanying unaudited financial statements have been prepared by the Company without audit pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("GAAP") have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all of the adjustments, which in the opinion of management are necessary for a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements as of and for the year ended May 31, 2025. The Company had no cash on hand.

*<u>Net Loss per Share</u>*

The Company reports loss per share under A.S.C. Topic 260, "Earnings Per Share," which establishes computing standards and presents earnings per share. The basic loss per share calculation divides the net loss allocable to common stockholders by the weighted-average shares of common stock outstanding during the period without considering common stock equivalents. The diluted loss per share calculation is calculated by adjusting the weighted-average shares of common stock outstanding for the dilutive effect of common stock equivalents, including stock options and warrants, outstanding for the period as determined using the treasury stock method. For the diluted net loss per share calculation purposes, common stock equivalents are excluded from the calculation because their effect would be anti-dilutive. Therefore, basic and diluted net loss per share applicable to common stockholders is the same for periods with a net loss.

*<u>Stock-Based Compensation</u>*

The Company accounts for stock compensation with persons classified as employees for accounting purposes under ASC 718 "Compensation-Stock Compensation," which recognizes awards at fair value on the date of grant and recognizes compensation over the service period for awards expected to vest. The fair value of stock options is determined using the Black-Scholes Option Pricing Model. The fair value of common stock issued for services is determined based on the Company's stock price on the issuance date.

The expansion of Topic 718 fell under A.S.U. 2018-07 to include share-based payment transactions for acquiring goods and services from non-employees. The measurement date for equity-classified non-employee share-based payment awards is no longer at the earlier date at which a commitment for performance by the counterparty is reached or the date at which the counterparty's performance is complete. Instead, the grant date is now considered the measurement date. Under today's guidance, the measurement of non-employee share-based payment awards with performance conditions is at the lowest aggregate fair value, often resulting in a zero value. The new A.S.U. aligns the accounting for non-employee share-based payment awards with performance conditions with accounting for employee share-based payment awards under Topic 718 by requiring entities to consider the probability of satisfying performance conditions. Current guidance requires entities to use the contractual term for the measurement of the nonemployee share-based payment awards. The new A.S.U. allows entities to make an award-by-award election to use either the expected duration (consistent with employee share-based payment awards) or the contractual term for nonemployee awards.

*<u>Recent Accounting Pronouncements</u>*

Other recent accounting standards issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the S.E.C., did not or are not believed by management to have a material impact on the Company's present or future financial statements.

**NOTE 3 – RELATED PARTY TRANSACTIONS**

As of May 31, 2024, Custodian Ventures, the company's Custodian, had advanced $45,102 in the form of an interest-free demand loan. On December 6, 2023, and January 5, 2024, the Company awarded Custodian Ventures with two classes of Preferred Stock.

On June 20, 2024, Mr. David Lazar, the managing director of Custodian Ventures, the "Seller," and AEI Capital Ltd. (the "Purchaser") entered into a Stock Purchase Agreement (the "SPA") dated May 16, 2024. Pursuant to the SPA, among other provisions, the Seller agreed to sell to the Purchaser, and the Purchaser agreed to purchase from the Seller a total of 10,000,000 shares of Series A-1 Preferred Stock of the Company held in the name of the Seller (the "Purchased Shares"). The Purchased Shares represented 100% of the Company's issued and outstanding Series A-1 Preferred Stock and 95% of the total voting power of issued and outstanding Preferred (upon conversion) and Common stock of the Company. Concurrently with this transaction, Custodian Ventures forgave the balance due of $45,102 due from the Company. See Note 4. Equity.

As of February 28, 2026, and May 31, 2025, a related party had advanced $100,753 and $18,584, respectively, in the form of an interest-free demand loan.

**NOTE 4 – CAPITAL STOCK**

*<u>Common stock</u>*

As of February 28, 2026, and May 31, 2025, the Company had 7,000,000,000 common shares with a par value of $0.001 authorized, with 284,367,820 and 284,367,820 issued and outstanding, respectively.

*<u>Preferred stock</u>*

On December 6, 2023, the Company awarded Custodian Ventures 55,000,000 shares of Class A Preferred Stock and 10,000,000 shares of newly designated Series A-1 Preferred Stock with a par value of $0.001. These shares were awarded for services performed and to cancel all advances made by the Custodian to the Company to enable the Company to pay for its operating expenses. The Class A Preferred Stock, which was convertible on a 1-for-1 basis to common stock, was valued at $0.0003, which was the trading price of the Company's common stock on the date of issuance of the Class A shares, which equaled a value of $16,500. The 10,000,000 shares of Preferred A-1 stock were convertible in 95% of the outstanding shares of common stock. The fair market selling price of comparable shell companies was determined to be $250,000, of which the Preferred A-1 stock granted a 95% interest, valued at $237,500.

On January 5, 2024, Custodian Ventures converted its 55,000,000 Class A Preferred Stock into 55,000,000 common shares. Simultaneously, the holder of 50,000,000 Class A Preferred Stock also converted their shares into 50,000,000 shares of common stock.

As of February 28, 2026, there were 10,000,000 shares of Class A-1 Preferred Stock with a par value of $0.001 authorized, and 10,000,000 shares of Class A-1 Preferred Stock were issued and outstanding. Under the terms of the Certificate of Designation for the Series A-1 Preferred Stock, the 10,000,000 shares are convertible to a number of shares equal to 95% post conversion of the total number of issued and outstanding shares of common stock.

**NOTE 5 – SUBSEQUENT EVENTS**

In accordance with ASC 855-10, the Company has performed an evaluation of subsequent events from February 28, 2026, through April 19, 2026, the date the condensed financial statements were issued. Based on the evaluation, the Company identified the following subsequent events:

In March 2026, all Preferred A-1 stock was converted to 5,402,988,580 common shares.

**SIGNATURES**

In accordance with Section 12 of the Securities Exchange Act of 1934, the registrant caused this registration statement to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **UBUYHOLDINGS, INC.** | **UBUYHOLDINGS, INC.** |
| Date: April 24, 2026 | By: | */s/ John Tan Honjian* |
|  |  | John Tan Honjian |
|  |  | Chief Executive Officer |

---

**Exhibit Index**

Copies of the following documents are included as exhibits to this registration statement.

---

| | |
|:---|:---|
| **Exhibit No.** | **Title of Document** |
| 3.1 | [Articles of Incorporation and Amendment thereto.](ubuyholdings_ex3-1.htm) |
| 3.2 | [Bylaws](ubuyholdings_ex3-2.htm) |
| 23.1 | [Consent of Independent Auditing Firm](ubuyholdings_ex23-1.htm) |

---

## Exhibit 3.1

**EXHIBIT 3.1**

**AMENDED AND RESTATED ARTICLES OF INCORPORATION**

**OF**

**UBUYHOLDINGS, INC.**

**ARTICLE I**

**NAME**

The name of the corporation shall be UBUYHOLDINGS, INC. (hereinafter, the "Corporation").

**ARTICLE II**

**REGISTERED OFFICE**

The office of the Corporation shall be established by resolution of the Board of Directors. The registered agent of the Corporation shall be Nevada Agency and Transfer Company with the registered office address of 50 W. Liberty St., Suite 880, Reno, Nevada 89501. The Corporation may, from time to time, in the manner provided by law, change the resident agent and the registered office within the State of Nevada. The Corporation may also maintain an office or offices for the conduct of its business, either within or without the State of Nevada.

**ARTICLE III**

**CAPITAL STOCK**

Section 1. *Authorized Shares.* The aggregate number of shares which the Corporation shall have authority to issue is six hundred fifteen million (615,000,000) shares, consisting of two classes to be designated, respectively, "Common Stock" and "Preferred Stock," with all of such shares having a par value of $0.001 per share. The total number of shares of Common Stock that the Corporation shall have authority to issue is five hundred million (500,000,000) shares. The total number of shares of Preferred Stock that the Corporation shall have authority to issue is one hundred fifteen million (115,000,000) shares. The Preferred Stock may be issued in one or more series, each series to be appropriately designated by a distinguishing letter or title, prior to the issuance of any shares thereof. The voting powers, designations, preferences, limitations, restrictions, and relative, participating, optional and other rights, and the qualifications, limitations, or restrictions thereof, of the Preferred Stock shall hereinafter be prescribed by resolution of the board of directors pursuant to Section 3 of this Article III.

Section 2. *Common Stock.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Dividend Rate.* Subject to the rights of holders of any Preferred Stock having preference as to dividends and except as otherwise provided by these Articles of Incorporation, as amended from time to time (hereinafter, the "**Articles**") or the Nevada Revised Statues (hereinafter, the "**NRS**"), the holders of Common Stock shall be entitled to receive dividends when, as and if declared by the board of directors out of assets legally available therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Voting Rights.* Except as otherwise provided by the NRS, the holders of the issued and outstanding shares of Common Stock shall be entitled to one vote for each share of Common Stock. No holder of shares of Common Stock shall have the right to cumulate votes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Liquidation Rights.* In the event of liquidation, dissolution, or winding up of the affairs of the Corporation, whether voluntary or involuntary, subject to the prior rights of holders of Preferred Stock to share ratably in the Corporation's assets, the Common Stock and any shares of Preferred Stock which are not entitled to any preference in liquidation shall share equally and ratably in the Corporation's assets available for distribution after giving effect to any liquidation preference of any shares of Preferred Stock. A merger, conversion, exchange or consolidation of the Corporation with or into any other person or sale or transfer of all or any part of the assets of the Corporation (which shall not in fact result in the liquidation of the Corporation and the distribution of assets to stockholders) shall not be deemed to be a voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) *No Conversion, Redemption, or Preemptive Rights.* The holders of Common Stock shall not have any conversion, redemption, or preemptive rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) *Consideration for Shares.* The Common Stock authorized by this Article shall be issued for such consideration as shall be fixed, from time to time, by the board of directors.

Section 3. *Preferred Stock.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Designation.* The board of directors is hereby vested with the authority from time to time to provide by resolution for the issuance of shares of Preferred Stock in one or more series not exceeding the aggregate number of shares of Preferred Stock authorized by these Articles, and to prescribe with respect to each such series the voting powers, if any, designations, preferences, and relative, participating, optional, or other special rights, and the qualifications, limitations, or restrictions relating thereto, including, without limiting the generality of the foregoing: the voting rights relating to the shares of Preferred Stock of any series (which voting rights, if any, may be full or limited, may vary over time, and may be applicable generally or only upon any stated fact or event); the rate of dividends (which may be cumulative or noncumulative), the condition or time for payment of dividends and the preference or relation of such dividends to dividends payable on any other class or series of capital stock; the rights of holders of Preferred Stock of any series in the event of liquidation, dissolution, or winding up of the affairs of the Corporation; the rights, if any, of holders of Preferred Stock of any series to convert or exchange such shares of Preferred Stock of such series for shares of any other class or series of capital stock or for any other securities, property, or assets of the Corporation or any subsidiary (including the determination of the price or prices or the rate or rates applicable to such rights to convert or exchange and the adjustment thereof, the time or times during which the right to convert or exchange shall be applicable, and the time or times during which a particular price or rate shall be applicable); whether the shares of any series of Preferred Stock shall be subject to redemption by the Corporation and if subject to redemption, the times, prices, rates, adjustments and other terms and conditions of such redemption.

The powers, designations, preferences, limitations, restrictions and relative rights may be made dependent upon any fact or event which may be ascertained outside the Articles or the resolution if the manner in which the fact or event may operate on such series is stated in the Articles or resolution. As used in this section "fact or event" includes, without limitation, the existence of a fact or occurrence of an event, including, without limitation, a determination or action by a person, government, governmental agency or political subdivision of a government.

Unless the board of directors provides to the contrary in the resolution which fixes the characteristics of a series of Preferred Stock, the board of directors is further authorized to increase or decrease (but not below the number of such shares of such series then outstanding) the number of shares of any series subsequent to the issuance of shares of that series.

Unless the board of directors provides to the contrary in the resolution which fixes the characteristics of a series of Preferred Stock, neither the consent by series, or otherwise, of the holders of any outstanding Preferred Stock nor the consent of the holders of any outstanding Common Stock shall be required for the issuance of any new series of Preferred Stock regardless of whether the rights and preferences of the new series of Preferred Stock are senior or superior, in any way, to the outstanding series of Preferred Stock or the Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Certificate.* Before the Corporation shall issue any shares of Preferred Stock of any series, a certificate of designation setting forth a copy of the resolution or resolutions of the board of directors, and establishing the voting powers, designations, preferences, the relative, participating, optional, or other rights, if any, and the qualifications, limitations, and restrictions, if any, relating to the shares of Preferred Stock of such series, and the number of shares of Preferred Stock of such series authorized by the board of directors to be issued shall be made and signed by an officer of the corporation and filed in the manner prescribed by the NRS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Class A Preferred Stock*. On February 23, 2000, the Corporation filed with the Nevada Secretary of State a Certificate of Amendment to Articles of Incorporation (the "Certificate") creating a series of Class A Preferred Stock (the "Class A Preferred Stock"). The Certificate is hereby amended as set forth in this paragraph and there is hereby authorized and designated such Class A Preferred Stock, par $0.001, consisting of one hundred five million (105,000,000) shares. The Class A Preferred Stock shall vote at one hundred (100) votes per share, and are entitled to preference over the common stock holders in the event of liquidation of the Corporation.

Section 4. *Non-Assessment of Stock.* The capital stock of the Corporation, after the amount of the subscription price has been fully paid, shall not be assessable for any purpose, and no stock issued as fully paid shall ever be assessable or assessed, and the Articles shall not be amended in this particular. No stockholder of the Corporation is individually liable for the debts or liabilities of the Corporation.

**ARTICLE IV** 

**DIRECTORS AND OFFICERS**

Section 1. *Number of Directors.* The members of the governing board of the Corporation are styled as directors. The board of directors of the Corporation shall be elected in such manner as shall be provided in the bylaws of the Corporation. The board of directors shall consist of at least one (1) individual and not more than thirteen (13) individuals. The number of directors may be changed from time to time in such manner as shall be provided in the bylaws of the Corporation.

Section 2. *Directors and Officers.* The name and post office box or street address of the director(s) constituting the board of directors is:

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| | |
|:---|:---|
| **Name** | **Address** |
| David Lazar | 50 W. Liberty St., Suite 880, Reno, NV 89501 |

---

The officers shall be elected by resolution of the board of directors.

Section 3. *Limitation of Liability.* The liability of directors and officers of the Corporation shall be eliminated or limited to the fullest extent permitted by the NRS. If the NRS is amended to further eliminate or limit or authorize corporate action to further eliminate or limit the liability of directors or officers, the liability of directors and officers of the Corporation shall be eliminated or limited to the fullest extent permitted by the NRS, as so amended from time to time.

Section 4. *Payment of Expenses.* In addition to any other rights of indemnification permitted by the laws of the State of Nevada or as may be provided for by the Corporation in its bylaws or by agreement, the expenses of officers and directors incurred in defending any threatened, pending, or completed action, suit or proceeding (including without limitation, an action, suit or proceeding by or in the right of the Corporation), whether civil, criminal, administrative or investigative, involving alleged acts or omissions of such officer or director in his or her capacity as an officer or director of the Corporation or member, manager, or managing member of a predecessor limited liability company or affiliate of such limited liability company or while serving in any capacity at the request of the Corporation as a director, officer, employee, agent, member, manager, managing member, partner, or fiduciary of, or in any other capacity for, another corporation or any partnership, joint venture, trust, or other enterprise, shall be paid by the Corporation or through insurance purchased and maintained by the Corporation or through other financial arrangements made by the Corporation, as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the officer or director to repay the amount if it is ultimately determined by a court of competent jurisdiction that he or she is not entitled to be indemnified by the Corporation. To the extent that an officer or director is successful on the merits in defense of any such action, suit or proceeding, or in the defense of any claim, issue or matter therein, the Corporation shall indemnify him or her against expenses, including attorneys' fees, actually and reasonably incurred by him or her in connection with the defense. Notwithstanding anything to the contrary contained herein or in the bylaws, no director or officer may be indemnified for expenses incurred in defending any threatened, pending, or completed action, suit or proceeding (including without limitation, an action, suit or proceeding by or in the right of the Corporation), whether civil, criminal, administrative or investigative, that such director or officer incurred in his or her capacity as a stockholder.

Section 5. *Repeal and Conflicts.* Any repeal or modification of Sections 3 or 4 above approved by the stockholders of the Corporation shall be prospective only and shall not adversely affect any limitation on the liability of a director or officer of the Corporation existing as of the time of such repeal or modification. In the event of any conflict between Sections 3 or 4 above and any other Article of the Articles, the terms and provisions of Sections 3 or 4 above shall control.

**ARTICLE V**

**COMBINATIONS WITH INTERESTED STOCKHOLDERS**

At such time, if any, as the Corporation becomes a "resident domestic corporation", as that term is defined in NRS 78.427, the Corporation shall not be subject to, or governed by, any of the provisions in NRS 78.411 to 78.444, inclusive, as may be amended from time to time, or any successor statute.

**ARTICLE VI**

**BYLAWS**

The board of directors is expressly granted the exclusive power to make, amend, alter, or repeal the bylaws of the Corporation pursuant to NRS 78.120.

**ARTICLE VII**

**FORUM SELECTION FOR INTERNAL ACTIONS**

Any internal action concerning or to which the Corporation is a party or stated beneficiary must be brought, heard and finally adjudicated in the state or federal courts sited in Clark County, Nevada, to the exclusion of all other jurisdictions or venues. An internal action for purposes of this Article VII means any action, suit or proceeding which is (a) brought in the name or right of the Corporation or on its behalf, including, without limitation, any action subject to NRS 41.520; (b) for, or based upon, any breach of any fiduciary duty owed by any director, officer, employee or agent of the Corporation in such capacity; or (c) arising pursuant to, or to interpret, apply, enforce or determine the validity of, any provision of NRS Title 7, these articles, the bylaws of the Corporation, or any agreement entered into pursuant to NRS 78.365.

IN WITNESS WHEREOF, the Corporation has caused these articles of incorporation to be executed in its name by its President on November 29, 2023.

---

| |
|:---|
| /s/ David Lazar |
| David Lazar, President |

---

This Certificate to Accompany Amended and Restated Articles of Incorporation is filed pursuant to the Order Appointing Custodian dated July 25, 2023, of the Eighth Judicial District Court of Nevada, in and for Clark County, case number A-23-871247-B, a copy of which is attached hereto as Exhibit A.

**EXHIBIT A**

Eighth Judicial District Court of Nevada, in and for Clark County, case number A-23-871247-B

Order Appointing Custodian, dated July 25, 2023

![](ex3-1_001.jpg)

Cu stodianshi p o f UBU YHO LDI NG S, INC. 4 . C U S T O D I A N V ENT U R ES, LLC is authori z ed to take r e asonable and prudent acti on on behalf o f UBU YHO LDING S, INC., includi ng nego tiating and co m promisi ng debt, executi ng c on t r act s Case Nu m be r : A - 2 3 - 8 7 1 2 4 7 - B E L E C T R O N IC A LL Y SERVE D 7/ 2 5/ 2 0 2 3 1 2 : 02 PM E lectronically Fi led 0 7 / 2 5 / 2 0 2 3 1 2 4 : ' 0 \ , 1 . , P M .. �1 OR D R PETER L . CH A S E Y, E S Q . N e vada Bar N o. 0 0 765 0 CH A S EY LAW O F F IC E S 3295 N. Fort A pache Ro ad, Suite 110 Las Vegas, N ev a da 89129 pho n e : (702) 233 - 0393 email : p e t e r @c h a s e y l a w. c om At t o r ney f o r Cu st o dian C U S T ODIA N V E N T U R ES, LLC 2 3 4 5 6 7 EIGHTH JUD I CIAL DISTRICT CO U R T 8 9 CLARK COUNTY, NEV A D A ·' CLE R K O F T H E C O UR T 10 I n t h e M att e r of)) U BU Y H O L D I NG S, IN C ., a Neva d a Co r p o r a ti o n) [Ne vada Entit y N o. C7 353 - 198 5 ] ,)))) 11 12 13 (Petiti on o f C ust od ian V e ntures, LL C) 14 T H E C O UR T, hav i ng consider ed Peti ti o ner, CU S TO D I A N VEN TU R ES, L LC's Mot i on f o r 15 CASE N O .: D E P TN O . : A - 2 3 - 871247 - B 31 O R DE R A P P O IN T ING CU S TODIAN [NRS 78.347(1) (B) ] 16 17 A ppoi n t m ent of Cu st o di an f o r U B U Y HO L DING S, INC., a Ne v ada Co r p o r at i o n [Ne v ada En tity No . C7 35 3 - 198 5 ], prope r noti c e having be e n gi v en to the offic ers a nd di r ec t ors o fUBUY H OLDINGS , I N C . 18 p u rsu ant to N RS 78.750(2), no opposition having be e n received, a nd good cause a pp ea ri ng , 19 I T I S OR DE R ED, ADJUDGE D AN D DECREE D t h at : 1. P e ti t i o n e r C U S TO D I A N V E N T U R E S , LLC UBUY HO LD I N G S, IN C . 20 i s a pp o i n t e d c u st o d i a n of 21 22 23 2. C U S TOD IA N V E N T UR ES, LLC s hall r e vive and /or reinstate U BUYH O L D ING S, 24 I I I N C. with t he N e va d a Secr e tary of St a t e . 25 3. C U S TOD IA N V E N TU R ES, LLC s hal l appo int officers and dir e ctors t o serve duri ng t h e 26 27 28

![](ex3-1_002.jpg)

- 2 - 1 and o ther agreemen t s, fil i ng A mendments to Articles of Incorporati on t o change the corporation's n ame, 2 au t h o r i ze additional s hares, au t h o r i ze a dd i tional clas s es of shares, des i g n a te a nd issue a uthori z ed c o mm o n 3 shares and pref e rr ed s hares, and i niti a ti n g liti g ati o n in UBUY HO LDI NG S, I NC. ' s na m e a s d eem e d 4 re asona ble and prudent in connecti o n wi t h or related t o the perfor m ance o f the C ust od ian's du t i e s . 5 6 5. C U S TOD IA N V E N T UR ES, LLC s hall provide rea sonab le noti c e to all s har eho lders of 7 rec o r d o f a s h a r ehol d ers m eeti n g to be h eld a f ter t h is Or d er is entered, and t h e s ha r ehol d ers w ho at t e n d 8 s uch meeti n g, w hether in p e rs on o r by p r oxy, s hall con sti tute a quo r u m s u ffic ient f o r all p u r po s es of t h e 9 me e t i ng. 6. Th e r e cord t ransfer agent for UBU YHO LD I N G S, I N C. is hereby authori z ed and d i r e c t e d to coope r ate with C U S T O D I A N V E N T UR E S , L LC conce r n i ng deli v e r y of t h e s hare h ol d er l i st f o r UBUY HO LD I N G S, INC . 7. C U S T O D I A N V ENT U R ES, LLC s hall file a C ustodian Am endme nt t o t h e Articles of 10 11 12 13 14 15 Incorporati on for UB U Y H O LD I N G S, INC. wi t h t h e N e vada Sec r e tar y o f State contai n i ng the f o l l o wi n g 16 di s closures and s t a t em e n ts : 17 (a) 18 19 20 (b) 21 22 23 (c) 24 25 26 (d) 27 (e) 28 Dis closures of any previous cri m inal, adm inist rat ive, civil or N ational A s s ociati on o f Sec urit ies D e aler s, Inc . , o r Sec urit ies and Ex change C omm issi on i n vestigations, violations, or conv ictions concer n i ng CU S TO D I A N V E N TU R ES, LLC, or i ts affilia tes or s ubsi d i ari e s . A stat ement that rea sonab l e, but ult im ately unsucces s ful, att emp ts we re m ade to contact the officers or directors of the corporati on t o request that U BUY HO LD I N G S, I N C . co m p l y wi t h Ch apter 78 of the N evada R evised S t a t u te s . A stat em ent that as C ust o dian, CU S TOD I AN V E N TU R ES , LLC, is authori z ed to conti nue t h e business of UBUY HO LD I N G S, I N C . for the benefit of the corporati on and its s hareholders . A stat e m ent that C U S TO D I A N V E N TU R ES, LLC will reinstate U B U Y HO LD I N G S, I NC . 's charter t o do business i n the State of N e vada . A ny ot h er info rm ati on as m ay be r e quired by r e gulations pro m u lgated by t h e Ne vada Sec retar y of Stat e.

![](ex3-1_003.jpg)

1 8. C U S TOD IA N V E N TU R ES, LLC, a s custodian of UBUY HO LD I N G S, INC., s h a l l 2 submit a report to this C ourt of t h e actions t aken by the C ust o d ian ever y three (3) m on ths f rom the d at e 3 o f N oti c e o f Entr y of this O rder w hile the cust od ian sh i p r em ains a c t i v e . 4 IT IS SO O R DE R E D . 5 Da ted t h i s day o f - - 7 8 9 ,2023 . Dated t his 25 t h day of J uly, 2 0 2 3 D I STRICT COURT J UDGE B14 5C2 2 58C 024F Joanna S . K is h n e r District Court Ju d g e 1 0 Respectful l y S u b mitt e d by: CHA S EY LAW O FF I CE S Peter Chase y �11 12 PETER L. CH A S E Y, ES Q . Ne v ada B ar N o. 00 7 65 0 3295 N. Fort A pache R d., Ste. 110 Las Veg as , N V 89129 pho n e : (7 0 2) 233 - 0393 email : p e t e r @c h a s e y l a w. c om At t o r ney f o r Cu st o dian C U S T ODIA N V E N T U R ES, LLC 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 6 - 3 -

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C S ERV 2 3 4 5 6 7 vs . 8 9 10 11 DISTRICT COURT CLARK COUNTY, N E VADA CASE NO : A - 23 - 871247 - B DEPT. NO . Department 31 AUT OMAT ED C E RTIF ICAT E OF S E R VI C E Custodian Ventures, LLC, Pl a inti f f (s) Ubuyholdings , Inc., D e fe n da nt (s)

**ATTACHMENT TO**

**CERTIFICATE OF AMENDMENT**

**TO ARTICLES OF INCORPORATION**

**AFTER ISSUANCE OF STOCK**

**OF**

**UBUYHOLDINGS, INC.**

WHEREAS, the file for UBUYHOLDINGS, INC., a Nevada corporation (the "<u>Corporation</u>") contains a Certificate to Accompany Amended and Restated Articles filed November 30, 2023, filing number 20233668313, (the "Restatement") wherein Subsection (c) of Section 3 of ARTICLE III creates a class of preferred stock of the Corporation designated as "Class A Preferred Stock;"

WHEREAS, the Corporation now desires to amend its articles of incorporation regarding the Class A Preferred Stock, as follows:

A. Subsection (c) of Section 3 of ARTICLE III is hereby deleted in its entirety and replaced with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) *Class A Preferred Stock*. On February 23, 2000, the Corporation filed with the Nevada Secretary of State a Certificate of Amendment to Articles of Incorporation (the "Certificate") creating a series of Class A Preferred Stock (the "Class A Preferred Stock"). The Certificate is hereby amended as set forth in this paragraph and there is hereby authorized and designated such Class A Preferred Stock, par $0.001, consisting of one hundred five million (105,000,000) shares.

&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) <u>Voting</u>. The Class A Preferred Stock shall vote at one hundred (100) votes per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Liquidation Preference</u>. The Class A Preferred Stock are entitled to preference over the common stockholders in the event of liquidation of the Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Conversion</u>. The holders of the Class A Preferred Stock, shall have conversion rights as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. <u>Right to Convert</u>. Subject to Subsection (b) "Automatic Conversion" of this Article, each share of Class A Preferred Stock shall be convertible, at any time after the date of issuance of such share, at the office of the Corporation or any transfer agent for such stock, into one (1) fully paid and nonassessable share of Common Stock, by the converting stockholder giving written notice of such election to the Corporation at its principal corporate office and returning any certificate representing such shares of Class A Preferred Stock being converted, properly endorsed for transfer, together with a declaration of the name in which the conversion shares of Common Stock shall be issued and held in book entry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) <u>Automatic Conversion</u>. Each share of Class A Preferred Stock shall automatically be converted into one (1) share of Common Stock upon the earlier of: (i) a liquidation, dissolution or winding up of the Corporation effective as of the date such action is approved by the shareholders of the Corporation; or (ii) the date specified by written consent or agreement of the holders of a majority of the then outstanding shares of Class A Preferred Stock . If the Class A Preferred Stock is converted as an entire class pursuant to the written consent or agreement of the holders of a majority of the then outstanding shares of Class A Preferred Stock, then the entire class of Class A Preferred Stock shall be converted without further action of the shareholders of Class A Preferred Stock, and there shall be no requirement for the shareholders of Class A Preferred Stock to return any physical stock certificates to the Corporation or the transfer agent for such stock, and any such certificated shares shall be deemed converted as of the conversion of Series A Convertible Preferred Stock, pursuant to Section (c) of this Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e) <u>Mechanics of Conversion</u>. The Corporation shall, as soon as practicable, issue in the name of the converting stockholder(s), or to the nominee or nominees of such converting holder(s), with such shares Common Stock to be held in book entry. Such conversion shall be deemed to have been made immediately prior to the close of business on the date of such surrender of the shares of Class A Preferred Stock to be converted if pursuant to subsection (a) "Right to Convert" of this Article, above, or the effective date of such action if pursuant to subsection (b) "Automatic Conversion" of this Article, above, and the person or persons entitled to receive the shares of Common Stock issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock as of such date and any certificated shares of Class A Preferred Stock outstanding and unreturned as of such date shall for all purposes be deemed converted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f) <u>Non-Adjustment of Conversion Ratio</u>. The conversion rate of the Class A Preferred Stock shall not be subject to adjustment for any reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g) <u>Status of Converted Stock</u>. In the event any shares of Class A Preferred Stock shall be converted pursuant to this Article, the shares so converted shall be canceled and shall not be re-issuable by the Corporation.

The vote by which the stockholders holding shares in the corporation entitling them to exercise a least a majority of the voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions of the articles of incorporation have voted in favor of the amendment is: <u>52.381% of the issued and outstanding shares of Class A Preferred Stock and 100% of the Series A-1 Preferred Stock, which class has the number of votes equal to ninety-five percent (95%) of the total vote, in aggregate, of all classes of stock of the Corporation, common or preferred, whether such other class of stock is voting as a single class or the other classes of stock are voting together as a single group, and with respect to such vote, such holders of shares of Series A-1 Preferred Stock shall have full voting rights and powers equal to the voting rights and powers of the holders of Common Stock, or any other class of preferred stock.</u>

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## Exhibit 3.2

**EXHIBIT 3.2**

**AMENDED AND RESTATED BYLAWS**

**OF**

**E-PAWN.COM, INC.**<br>(THE "CORPORATION")

The Board of Directors of E-Pawn.com, Inc., unanimously adopts the following By laws, which amend and supercede all previous Bylaws of the Corporation.

**ARTICLE I**

**OFFICES**

SECTION I.1. OFFICES. The principal business office of the Corporation shall be determined by the Board of Directors. The Corporation may have such other business offices within or without the State of Nevada as the Board of Directors may from time to time establish.

**ARTICLE II**

**CAPITAL STOCK**

SECTION II.1. CERTIFICATE REPRESENTING SHARES. Shares of the capital stock of the Corporation shall be represented by certificates in such form or forms as the Board of Directors may approve, provided that such form or forms shall comply with all applicable requirements of law or of the Articles of Incorporation. Such certificates shall be signed by the president or a vice president, and by the secretary or an assistant secretary of the Corporation and may be sealed with the seal of the Corporation or imprinted or otherwise marked with a facsimile or such seal. In the case of any certificate countersigned by any transfer agent or registrar, provided such countersigner is not the Corporation itself or an employee thereof, the signature of any or all of the foregoing officers of the Corporation may be represented by a printed facsimile thereof. If any officer whose signature, or a facsimile thereof, shall have been set upon any certificate shall cease, prior to the issuance of such certificate, to occupy the position in right of which the signature, or facsimile thereof, was so set upon such certificate the Corporation may nevertheless adopt and issue such certificate with the same effect as if such officer occupied such position as of such date of issuance and issuance and delivery of such certificate by the Corporation shall constitute adoption thereof by the Corporation. The certificates shall be consecutively numbered, and as they are issued, a record of such issuance shall be entered in the books of the Corporation.

SECTION II.2. STOCK CERTIFICATE BOOK AND SHAREHOLDERS OF RECORD. The secretary of the Corporation shall maintain, among other records, a stock certificate book, the stubs in which shall set forth the names and addresses of the holders of all issued shares of the Corporation, the number of shares held by each, the number of certificates representing such shares, the date of issue of such certificates, and whether or not such shares originate from original issue or from transfer. The names and addresses of shareholders as they appear on the stock certificate book shall be the official list of shareholders of record of the Corporation for all purposes. The Corporation shall be entitled to treat the holder of record of any shares as the owner thereof for all purposes, and shall not be bound to recognize any equitable or other claim to or interest in such shares or any rights deriving from such shares on the part of any other person, including, but without limitation, a purchaser, assignee, or transferee, unless and until such other person becomes the holder of record of such shares, whether or not the Corporation shall have either actual or constructive notice of the interest of such other person.

SECTION II.3. SHAREHOLDER'S CHANGE OF NAME OR ADDRESS. Each shareholder shall promptly notify the secretary of the Corporation, at its principal business office, by written notice sent by certified mail, return receipt requested, of any change in name or address of the shareholder from that as it appears upon the office list of shareholders of record of the Corporation. The secretary of the Corporation shall then enter such changes into all affected Corporation records, including, but not limited to, the official list of shareholders of record.

SECTION II.4. TRANSFER OF STOCK. The shares represented by any certificate of the Corporation are transferable only on the books of the Corporation by the holder of record thereof or by the duly authorized attorney or legal representative upon surrender of the certificate for such shares, properly endorsed or assigned. The Board of Directors may make such rules and regulations concerning the issue, transfer, registration and replacement of certificates as they deem desirable or necessary.

SECTION II.5. TRANSFER AGENT AND REGISTRAR. The Board of Directors may appoint one or more transfer agents or registrars of the shares, or both, and may require all share certificates to bear the signature of a transfer agent or registrar, or both.

SECTION II.6. LOST, STOLEN OR DESTROYED CERTIFICATES. The Corporation may issue a new certificate for shares of stock in the place of any certificate theretofore issued and alleged to have been lost, stolen or destroyed, but the Board of Directors may require the owner of such lost, stolen or destroyed certificate, or the legal representative, to furnish an affidavit as to such loss, theft, or destruction and to give a bond in such form and substance, and with such surety or sureties, with fixed or open penalty, as the Board may direct, in order to indemnify the Corporation and its transfer agents and registrars, if any, against any claim that may be made on account of the alleged loss, theft or destruction of such certificate.

**ARTICLE III**

**THE SHAREHOLDERS**

SECTION III.1. ANNUAL MEETING. Commencing in the calendar year 2001, the annual meeting of the shareholders, for the election of directors and for the transaction of such other business as may properly come before the meeting, shall be held at the principal office of the Corporation at 10:00 a.m. local time, on the first Thursday of September of each year unless such day is a legal holiday, in which case such meeting shall be held at such hour on the first day thereafter which is not a legal holiday; or at such other place and time as may be designated by the Board of Directors. Failure to hold any annual meeting or meetings shall not work a forfeiture or dissolution of the Corporation.

SECTION III.2. SPECIAL MEETINGS. Except as otherwise provided by law or by the Articles of Incorporation, special meetings of the shareholders may be called by the chairman of the Board of Directors, the president, any one of the directors, or the holders of not less than one-tenth of all the shares having voting power at such meeting, and shall be held at the principal office of the Corporation or at such other place, and at such time, as may be stated in the notice calling such meeting. Business transacted at any special meeting of shareholders shall be limited to the purpose stated in the notice of such meeting given in accordance with the terms of Section 3.3.

SECTION III.3. NOTICE OF MEETINGS-WAIVER. Written or printed notice of each meeting of shareholders, stating the place, day and hour of any meeting and, in case of a special shareholders' meeting, the purpose or purposes for which the meeting is called, shall be delivered not less than 10 nor more than 60 days before the date of such meeting, to each shareholder of record entitled to vote at such meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail addressed to the shareholder at the address of the shareholder as it appears on the stock transfer books of the Corporation, with postage thereon prepaid. Such further or earlier notice shall be given as may be required by law. The signing by a shareholder of a written waiver of notice of any shareholders' meeting, whether before or after the time stated in such waiver, shall be equivalent to the receiving by said shareholder of all notice required to be given with respect to such meeting. Attendance by a shareholder, whether in person or by proxy, at a shareholders' meeting shall constitute a waiver of notice of such meeting. No notice of any adjournment of any meeting shall be required.

SECTION III.4. CLOSING OF TRANSFER BOOKS AND FIXING RECORD DATE. For the purpose of determining shareholders entitled to notice of, or to vote at, any meeting of shareholders or any adjournment thereof, or shareholders entitled to receive payment of any dividend or in order to make a determination of shareholders for any other proper purpose, the Board of Directors of the Corporation may provide that the stock transfer books shall be closed for a stated period in no case to exceed 50 days. If the stock transfer books shall be closed for the purpose of determining shareholders entitled to notice of or to vote at a meeting of shareholders, such books shall be closed for at least 10 days immediately preceding such meeting. In lieu of closing the stock transfer books, the Board of Directors may fix in advance a date as the record date for any such determination of shareholders, such date in no case to be more than 50 days prior to the date on which the particular action requiring such determination of shareholders is to be taken. If the stock transfer books are not closed and no record date is fixed for the determination of shareholders entitled to notice of or to vote at a meeting of shareholders, or shareholders entitled to receive payment of dividend, the date of which notice of the meeting is mailed or the date on which the resolution of the Board of Directors declaring such dividend is adopted, as the case may be, shall be the record date of such determination of shareholders. When a determination of shareholders entitled to vote at any meeting of shareholders has been made, as provided in this section, such determination shall apply to any adjournment thereof except where the determination has been made through the closing of stock transfer books and the stated period of closing has expired.

SECTION III.5. VOTING LIST. The officer or agent having charge of the stock transfer books for shares of the Corporation shall make, at least 10 days before each meeting of shareholders, a complete list of the shareholders entitled to vote at such meeting or any adjournment thereof, arranged in alphabetical order, with the address of and the number of shares held by each, which list, for a period of ten days prior to such meeting, shall be kept on file at the registered office of the Corporation and shall be subject to lawful inspection by any shareholders during the whole time of the meeting. Failure to comply with this section shall not affect the validity of any action taken at such meeting.

SECTION III.6. QUORUM AND OFFICERS. Except as otherwise provided by law, by the Articles of Incorporation or by these Bylaws, the holder of a majority of the shares entitled to vote and represented in person or by proxy shall constitute a quorum at a meeting of shareholders, but the shareholders present at any meeting, although representing less than a quorum, may from time to time adjourn the meeting to some other day and hour, without notice other than announcement at the meeting. The shareholders present at a duly organized meeting may continue to transact business until adjournment, notwithstanding the withdrawal of enough shareholders to leave less than a quorum. The vote of the holders of a majority of the shares entitled to vote and thus represented at a meeting at which a quorum is present shall be the act of the shareholders' meeting, unless the vote of a greater number is required by law or by the Articles of Incorporation. The chairman of the board shall preside at, and the secretary shall keep the records of, each meeting of shareholders, and in the absence of either, the duties shall be performed by any other officer authorized by these Bylaws or any person appointed by resolution duly adopted at the meeting.

SECTION III.7. VOTING AT MEETINGS. Each outstanding share shall be entitled to one vote on each matter submitted to a vote at a meeting of shareholders except to the extent that the Articles of Incorporation or the laws of the State of Nevada provide otherwise.

SECTION III.8. PROXIES. A shareholder may vote either in person or by proxy executed in writing by the shareholder, or by a duly authorized attorney-in-fact. No proxy shall be valid after 11 months from the date of its execution unless expressly provided therein to be irrevocable and unless otherwise made irrevocable by law.

SECTION III.9. BALLOTING. Upon the demand of any shareholder, the vote upon any question before the meeting shall be by ballot. At each meeting inspectors of election may be appointed by the presiding officer of the meeting, and at any meeting for the election of directors, inspectors shall be so appointed on the demand of any shareholder present or represented by proxy and entitled to vote in such election of directors. No director or candidate for office of director shall be appointed as such inspector. The number of votes cast by shares in the election of directors shall be recorded in the minutes.

SECTION III.10. RECORD OF SHAREHOLDERS. The Corporation shall keep at its principal business office, or the office of its transfer agent or registrars, a record of its shareholders, giving the names and addresses of all shareholders and the number and class of the shares held by each.

SECTION III.11. ACTION WITHOUT MEETING. Any action required by statute to be taken at a meeting of the shareholders of the Corporation, or any action which may be taken at a meeting of the shareholders, may be taken without a meeting and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holder or holders of shares having not less than the minimum number of votes that would be necessary to take action at a meeting at which the holders of all shares entitled to vote on the action were present and voted, and such consent shall have the same force and effect as a vote of the shareholders. Any such signed consent, or a signed copy thereof, shall be placed in the minute book of the Corporation.

**ARTICLE IV**

**THE BOARD OF DIRECTORS**

SECTION IV.1. NUMBER, QUALIFICATIONS AND TERM. The business and affairs of the Corporation shall be managed and controlled by the Board of Directors; and, subject to any restrictions imposed by law, by the Articles of Incorporation, or by these Bylaws, the Board of Directors may exercise all the powers of the Corporation. The Board of Directors shall, by resolution of the Board of Directors, consist of at least one but not more than nine members. Such number may be increased or decreased by amendment of these Bylaws, provided that no decrease shall effect a shortening of the term of any incumbent director. Directors need not be residents of Nevada or shareholders of the Corporation absent provision to the contrary in the Articles of Incorporation or laws of the State of Nevada. Except as otherwise provided in Section 4.3 of these Bylaws, each position of the Board of Directors shall be filled by election at the annual meeting of shareholders. Any such election shall be conducted in accordance with Section 3.7 of these Bylaws. Each person elected a director shall hold office, unless removed in accordance with Section 4.2 of these Bylaws, until the next annual meeting of the shareholders and until his or her successor shall have been duly elected and qualified.

SECTION IV.2. REMOVAL. Except as provided in the following sentence of this Section 4.2, any director or the entire Board of Directors may be removed from office, with or without cause, at any special meeting of shareholders by the affirmative vote of a majority of the shares of the shareholders present in person or by proxy and entitled to vote at such meeting, if notice of the intention to act upon such matter shall have been given in the notice calling such meeting. If the notice calling such meeting shall have so provided, the vacancy caused by such removal may be filled at such meeting by the affirmative vote of a majority in number of the shares of the shareholders present in person or by proxy and entitled to vote.

SECTION IV.3. VACANCIES. Any vacancy occurring in the Board of Directors may be filled by the vote of a majority of the remaining directors even if such remaining directors comprise less than a quorum of the Board of Directors. A director elected to fill a vacancy shall be elected for the unexpired term of the predecessor in office. Any position on the Board of Directors to be filled by reason of an increase in the number of directors shall be filled by election at an annual meeting of the shareholders, or at a special meeting of shareholders duly called for such purpose.

SECTION IV.4. REGULAR MEETINGS. Regular meetings of the Board of Directors shall be held immediately following each annual meeting of shareholders, at the place of such meeting, and at such other times and places as the Board of Directors shall determine. No notice of any kind of such regular meetings need to be given to either old or new members of the Board of Directors.

SECTION IV.5. SPECIAL MEETINGS. Special meetings of the Board of Directors shall be held at any time by call of the chairman of the board, the president, the secretary or any of the directors. The secretary shall give notice of each special meeting to each director at the usual business or residence address by mail at least three days before the meeting or in person, by telegraph, telephone, email, or telefax, or other communication method that shall be available to the director, at least one day before such meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail with postage thereon prepaid. Telephone notice is confirmed by delivery to an answering machine, voice mail or other telephone number identified by the Director as a number to which communications may be directed. Except as otherwise provided by law, by the articles of incorporation, or by these Bylaws, such notice need not specify the business to be transacted at, or the purpose of, such meeting. No notice shall be necessary for any adjournment of any meeting. The signing of a written waiver of notice of any special meeting by the person or persons entitled to such notice, whether before or after the time stated therein, shall be equivalent to the receiving of such notice. Attendance of a director at a meeting shall also constitute a waiver of notice of such meeting, except where a director attends a meeting for the express and announced purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.

SECTION IV.6. QUORUM. A majority of the number of directors fixed by these Bylaws shall constitute a quorum for the transaction of business and the act of not less than a majority of such quorum of the directors shall be required in order to constitute the act of the Board of Directors, unless the act of a greater number shall be required by law, by the articles of incorporation or by these Bylaws.

SECTION IV.7. PROCEDURE AT MEETINGS. The Board of Directors, at each regular meeting held immediately following the annual meeting of shareholders, shall appoint one of their number as chairman of the Board of Directors. The chairman of the Board of Directors shall preside at meetings of the board. In his or her absence at any meeting, any officer authorized by these Bylaws or any member of the board selected by the members present shall preside. The secretary of the Corporation shall act as secretary. At meetings of the Board of Directors, the business shall be transacted in such order as the board may from time to time determine.

SECTION IV.8. PRESUMPTION OF ASSENT. Any director of the Corporation who is present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his or her dissent shall be entered in the minutes of the meeting or unless he or she shall file a written dissent to such action with the person acting as the secretary of the meeting before the adjournment thereof or shall forward such dissent by registered mail to the secretary of the Corporation immediately after the adjournment of the meeting. Such right to dissent shall not apply to a director who voted in favor of such action.

SECTION IV.9. ACTION WITHOUT A MEETING. Any action required by statute to be taken at a meeting of the directors of the Corporation, or which may be taken at such meeting, may be taken without a meeting if a consent in writing, by telephone, em-mail, or other confirmed communication, setting forth the action so taken, shall be signed by each director entitled to vote at such meeting, and such consent shall have the same force and effect as a unanimous vote of the directors. Such signed consent, or a signed copy thereof sent by any means of communication, shall be placed in the minute book of the Corporation.

SECTION IV.10. COMPENSATION. Directors as such shall not receive any stated salary for their service, but by resolution of the Board of Directors, a fixed sum and reimbursement for reasonable expenses of attendance, if any, may be allowed for attendance at each regular or special meeting of the Board of Directors or at any meeting of the executive committee of directors, if any, to which such director may be elected in accordance with the following Section 4.11; but nothing herein shall preclude any director from serving the Corporation in any other capacity or receiving compensation therefor.

SECTION IV.11. EXECUTIVE COMMITTEE. The Board of Directors, by resolution adopted by a majority of the full Board of Directors, may designate an executive committee, which committee shall consist of two or more of the directors of the Corporation. Such executive committee may exercise such authority of the Board of Directors in the business and affairs of the Corporation as the Board of Directors may, by resolution duly adopted, delegate to it except as prohibited by law. The designation of such committee and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any member thereof, of any responsibility imposed by law. Any member of the executive committee may be removed by the Board of Directors. The executive committee shall keep regular minutes of its proceedings and report the same to the Board of Directors when required. The minutes of the proceedings of the executive committee shall be placed in the minute book of the Corporation. Members of the executive committee shall receive such compensation as may be approved by the Board of Directors and will be reimbursed for reasonable expenses actually incurred by reason of membership on the executive committee.

SECTION IV.12. OTHER COMMITTEES. The Board of Directors, by resolution adopted by a majority of the full Board of Directors, may appoint one or more committees of two or more directors each. Such committees may exercise such authority of the Board of Directors in the business and affairs of the Corporation as the Board of Directors may, by resolution duly adopted, delegate, except as prohibited b law. The designation of any committee and the delegation thereto of authority shall not operate to relieve the Board of Directors, or any member thereof, of any responsibility imposed on it or the director by law. Any member of a committee may be removed at any time by the Board of Directors.

**ARTICLE V**

**OFFICERS' AND DIRECTORS' SERVICES,<br>CONFLICTING INTERESTS, INDEMNIFICATION AND INSURANCE**

SECTION V.1. SERVICES. No director and, unless otherwise determined by the Board of Directors, no officer of the Corporation, shall be required to devote his or her time or any particular portion of his or her time or render services or any particular services exclusively to the Corporation. Every director and, unless otherwise determined by the Board of Directors, every officer, of the Corporation shall be entirely free to engage, participate and invest in any and all businesses, enterprises and activities, either similar or dissimilar to the business, enterprise and activities of the Corporation, without breach of duty to the Corporation or to its shareholders and without accountability or liability to the Corporation or to its shareholders.

Every director and, unless otherwise determined by the Board of Directors, every officer, of the Corporation shall, respectively, be entirely free to act for, serve and represent any other corporation, any entity or any person, in any capacity, and be or become a director or officer, or both, of any other corporation or any entity, irrespective of whether or not the business, purposes, enterprises and activities, or any of them, thereof be similar of dissimilar to the business, purposes, enterprises and activities, or any of them, of the Corporation, without breach of duty to the Corporation or to its shareholders and without accountability or liability of any character or description to the Corporation or to its shareholders.

SECTION V.2. DIRECTORS' AND OFFICERS' INTERESTS IN CONTRACTS. No contract or other transaction between the Corporation and one or more of its directors of officers, or between the Corporation and any firm or partnership of which one or more of its directors or officers are members or employees or in which they are otherwise interested, or between the Corporation and any corporation or association or other entity in which one or more of the corporation's directors or officers are shareholders, members, directors, officers or employees or in which they are otherwise interested, shall be void or voidable by reason of or as a result of such connection with or holding an office as a director or officer of the Corporation or such interest in or in connection with such other firm, partnership, corporation, association or other entity, notwithstanding the presence of such director or officer at the meeting of the Board of Directors of the Corporation which acts upon or in reference to any such contract or other transaction, and notwithstanding his or her participation in such action, if such contract or other transaction is fair, just and beneficial to the Corporation, and if (i) the fact of such interest shall be disclosed or known to the Board of Directors and the Board of Directors shall authorize, approve or ratify such contract or other transaction by a vote of a majority of the directors present, such interested director to be counted neither in determining whether a quorum is present, nor in calculating the majority necessary to carry such vote, or if (ii) the fact of such interest shall be disclosed or known to the shareholders and the shareholders either by written consent or by vote of holders of record of a majority of all the outstanding shares of stock entitled to vote, shall authorize, approve or ratify such contract or other transaction; nor shall any director or officer by responsible to, or liable to account to, the Corporation for any profits realized by or from or through any such contract or other transaction of the Corporation so authorized, ratified or approved, by reason of such interest or his or her being or having been a director or officer, or both, of the Corporation. Nothing herein contained shall create responsibility or liability in or in connection with any such event or prevent the authorization, ratification or approval of such contracts or other transactions in any other manner permitted by law or by statute. This Section shall not be construed to invalidate any contract or other transaction which would otherwise be valid under the common or statutory law applicable thereto.

SECTION V.3. RELIANCE UPON BOOKS, REPORTS AND RECORDS. Neither a director nor a member of any committee shall be liable if, in the exercise of ordinary care, he or she relied and acted in good faith upon written financial statements of the Corporation represented to be correct by the President or by the officer of the Corporation having charge of its books of account, or certified by an independent public or certified public accountant or firm of such accountants fairly to reflect the financial condition of the Corporation, nor shall he or she be so liable if, in the exercise of ordinary care and in good faith, in determining the amount available for payment of a dividend or other distribution, he or she considered the assets of the Corporation to be of their book value.

SECTION V.4. NON-LIABILITY OF DIRECTORS AND OFFICERS IN CERTAIN CASES. No director, officer or member of a committee shall be liable for his or her acts as such if he or she is excused from liability under any present or future provision of the Nevada Revised Statutes. The Corporation shall indemnify its officers and directors to the fullest extent permitted by law under the Nevada Revised Statutes 78.751 and as provided herein.

SECTION V.5. INDEMNIFICATION OF DIRECTORS, OFFICERS, EMPLOYEES AND AGENTS.

A. As used in this section:

(1) "Corporation" includes any domestic or foreign predecessor entity of the Corporation in a merger, consolidation or other transaction in which the liabilities of the predecessor are transferred to the Corporation by operation of law and in any other transaction in which the Corporation assumes the liabilities of the predecessor but does not specifically exclude liabilities that are the subject matter of this Section 5.

(2) "Director" means any person who is or was a director of the Corporation any person who, while a director of the Corporation, is or was serving at the request of the Corporation as a director, officer, partner, trustee, employee or agent of another foreign or domestic corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise.

(3) "Expenses" include court costs and attorneys' fees.

(4) "Official Capacity" means:

(a) when used with respect to a Director, the office of director in the Corporation, and

(b) when used with respect to a person other than a Director, the elective or appointive office in the Corporation held by the officer or the employment or agency relationship undertaken by the employee or agent in behalf of the Corporation, but in each case does not include service for any other foreign or domestic corporation or any partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise.

(5) "Proceeding" means any threatened, pending, or complete action, suit or proceeding, whether civil, criminal, administrative or investigative, any appeal in such an action, suit or proceeding, and any inquiry or investigation that could lead to such an action, suit or proceeding.

B. The Corporation may indemnify any person who was, is or is threatened to be made a named defendant or respondent in any Proceeding because he or she is or was a Director only if it is determined in accordance with paragraph (F) of this Section 5 that the person:

(1) conducted himself or herself in good faith;

(2) reasonably believed:

(a) in the case of conduct in his or her Official Capacity as a Director of the Corporation, that his or her conduct was in the Corporation's best interests, and

(b) in all other cases, that his or her conduct was at least not opposed to the Corporation's best interests; and

(3) in the case of any criminal Proceeding, had no reasonable cause to believe his or her conduct was unlawful.

C. A Director shall not be indemnified under subsection 5(B) for obligations resulting from a Proceeding:

(1) in which the person is found liable on the basis that personal benefit was improperly received by him, whether or not the benefit resulted from an action taken in the person's Official Capacity; or

(2) in which the person is found liable to the Corporation.

D. The termination of any Proceeding by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent shall not, of itself, be determinative that the person did not meet the requisite standard of conduct set forth in subsection 5(B).

E. A person may be indemnified under Section 5(B) against judgments, penalties (including excise and similar taxes), fines, settlements and reasonable Expenses actually incurred by the person in connection with the Proceeding; but if the Proceeding was brought by or in the behalf of the Corporation, indemnification shall be limited to reasonable Expenses actually incurred by the person in connection with the Proceeding.

F. No indemnification under subsection 5(B) shall be made by the Corporation unless authorized in the specific case after a determination has been made that the Director has met the standard of conduct set forth in subsection 5(B). Such determination shall be made:

(1) by the Board of Directors by a majority vote of a quorum consisting of directors who at the time of the vote are not named defendants or respondents in the Proceeding;

(2) if such a quorum cannot be obtained, then by a majority vote of a committee of the Board of Directors, designated to act in the matter by a majority vote of the full Board of Directors (in which vote directors who are named defendants or respondents may participate), which committee shall consist solely of two or more directors who at the time of the vote are not named defendants or respondents to the Proceeding; or

(3) by special legal counsel, selected by the Board of Directors or a committee thereof by vote as set forth in clauses (1) or (2) of this subsection 5(F), or, if the requisite quorum of the full Board of Directors cannot be obtained therefor and such a committee cannot be established, by a majority vote of the full Board of Directors (in which vote directors who are named defendants or respondents may participate); or

(4) by the shareholders in a vote that excludes the shares held by directors who are named defendants or respondents in the Proceeding.

G. Authorization of indemnification and determination as to reasonableness of Expenses shall be made in the same manner as the determination that indemnification is permissible, except that if the determination that indemnification is permissible is made by special legal counsel, authorization of indemnification and determination as to reasonableness of Expenses shall be made in a manner specified in clause (3) in subsection 5(F) for the selection of such counsel.

H. A Director who has been wholly successful, on the merits or otherwise, in the defense of any Proceeding in which he or she is a party because he or she is a Director shall be indemnified by the Corporation against reasonable Expenses incurred by the Director in connection with the Proceeding.

I. If a court of competent jurisdiction determines that a Director is fairly and reasonably entitled to indemnification in view of all the relevant circumstances, whether or not he or she has met the standard of conduct set forth in subsection 5(B) or has been adjudged liable in the circumstances described in subsection 5(C), the court may order such indemnification as the court determines is proper and equitable. The court shall limit indemnification to reasonable Expenses if the Proceeding is brought by or in behalf of the Corporation or if the Director is found liable on the basis of circumstances described in subsection 5.5(C)(1); whether or not the benefit resulted from an action taken in the person's Official Capacity.

J. Reasonable Expenses incurred by a Director who was, is, or is threatened to be made a named defendant or respondent to a Proceeding may be paid or reimbursed by the Corporation in advance of the final disposition of such Proceeding after:

(1) receipt by the Corporation of a written affirmation by the Director of his or her good faith belief that he or she has met the standard of conduct necessary for indemnification by the Corporation as authorized in this Section 5, and a written undertaking by or on behalf of the Director to repay the amount paid or reimbursed if it shall ultimately be determined that he or she has not met such standard of conduct; and

(2) a determination that the facts then known to those making the determination would not preclude indemnification under this Section 5.

K. The written undertaking required by subsection (J) must be an unlimited general obligation of the Director but need not be secured. It may be accepted without reference to financial ability to make repayment. Determinations and authorizations of payments under subsection (J) shall be made in the manner specified in subsection (F).

L. The indemnification provided by this Section 5 shall not be deemed exclusive of any other rights to which those indemnified may be entitled under any statute, Bylaw, agreement, insurance policy, vote of shareholders or disinterested directors or otherwise, both as to action in their Official Capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a Director, officer, employee or agent and shall inure to the benefit of the heirs, executors and administrators of such a person; provided, however, no provision for the Corporation to indemnify or to advance Expenses to a Director who was, is or is threatened to be made a named defendant or respondent to a Proceeding, whether contained in the Articles of Incorporation, these Bylaws, a resolution of shareholders or directors, an agreement or otherwise (except as contemplated by subsection (Q)), shall be valid unless consistent with this section or, to the extent that indemnity hereunder is limited by the Articles of Incorporation, consistent therewith.

M. Nothing contained in this Section shall limit the Corporation's power to pay or reimburse Expenses incurred by a Director in connection with the appearance as a witness in a Proceeding at a time when he or she is not a named defendant or respondent in the Proceeding.

N. Unless limited by the Articles of Incorporation of the Corporation,

(1) an officer of the Corporation shall be indemnified as and to the same extent provided in subsections (H) and (I) for a Director and shall be entitled to the same extent as a Director to seek indemnification pursuant to the provisions of those subsections; and

(2) the Corporation may indemnify and advance Expenses to an officer, employee or agent of the Corporation to the same extent that it may indemnify and advance Expenses to Directors pursuant to this Section 5.

O. The Corporation may indemnify and advance Expenses to nominees and designees who are not or were not officers, employees, or agents of the Corporation who are or were serving at the request of the Corporation as a director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic corporation, partnership, joint venture, sole proprietorship, trust, other enterprise, or employee benefit plan to the same extent that it may indemnify and advance expenses to Directors under this Section 5.

P. The Corporation, in addition, may indemnify and advance Expenses to an officer, employee or agent or person who is identified by subsection 5(O) as a nominee or designee and who is not a Director to such further extent, consistent with law, as may be provided by the Articles of Incorporation of the Corporation, these Bylaws, general or specific action of the Board of Directors, or contract or as permitted or required by common law.

Q. The Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Corporation, or who is or was serving at the request of the Corporation as a director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic corporation, partnership, joint venture, sole proprietorship, trust, other enterprise or employee benefit plan, against any liability asserted against or incurred by him or her in any such capacity or arising out of the status as such a person, whether or not the Corporation would have the power to indemnify such party against such liability under the provisions of the Nevada Revised Statutes or this Section 5.

R. Any indemnification of, or advance of Expenses to a Director in accordance with this Section shall be reported in writing to the shareholders with or before the notice or waiver of notice of the next shareholders' meeting or with or before the next meeting pursuant to the Nevada Revised Statutes, and in any case, within the 12-month period immediately following the date of the indemnification or advance.

S. For purposes of this Section 5, the Corporation shall be deemed to have requested a Director to serve an employee benefit plan whenever the performance of the duties for the Corporation also imposes duties on, or otherwise involves services by, the Director to the plan or participants or beneficiaries of the plan. Excise taxes assessed on a Director with respect to an employee benefit plan pursuant to applicable law shall be deemed "fines." Action taken or omitted by the Director with respect to an employee benefit plan in the performance of the duties for a purpose reasonably believed by the Director to be in the interest of the participants and beneficiaries of the plan shall be deemed to be for a purpose which is not opposed to the best interests of the Corporation.

**ARTICLE VI**

**OFFICERS**

SECTION VI.1. NUMBER. The officers of the Corporation shall consist of a president and a secretary, and may also include one or more vice presidents, a treasurer and such other officers and assistant officers and agents as may be deemed necessary or desirable. Officers shall be elected or appointed by the Board of Directors. Any two or more offices may be held by the same person. In its discretion, the Board of Directors may leave unfilled any office except those of president and secretary.

SECTION VI.2. ELECTION; TERM; QUALIFICATION. Officers shall be chosen by the Board of Directors following the annual shareholders' meeting. Each officer shall hold office until a successor has been chosen and qualified, or until his or her death, resignation, or removal.

SECTION VI.3. REMOVAL. Any officer or agent elected or appointed by the Board of Directors may be removed by the Board of Directors whenever in its judgment the best interest of the Corporation will be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an officer or agent shall not of itself create any contract rights.

SECTION VI.4. VACANCIES. Any vacancy in any office for any cause may be filled by the Board of Directors at any meeting.

SECTION VI.5. DUTIES. The officers of the Corporation shall have such powers and duties, except as modified by the Board of Directors, as generally pertain to their offices, respectively, as well as such powers and duties as from time to time shall be conferred by the Board of Directors and by these Bylaws.

SECTION VI.6. THE PRESIDENT. The president shall have general direction of the affairs of the Corporation and general supervision over its several officers, subject however, to the control of the Board of Directors. The president shall preside at each annual meeting, and, from time to time, report to the shareholders and to the Board of Directors all matter within his or her knowledge which, in his or her opinion, the interest of the Corporation may require to be brought to the notice of such persons. The president may sign, with the secretary or an assistant secretary, any or all certificates of stock of the Corporation. The president shall sign and execute in the name of the Corporation, without requirement of attestation by the secretary, (i) all contracts or other instruments authorized by the Board of Directors, and (ii) all contracts or instruments in the usual and regular course of business, pursuant to Section 6.2 hereof, except in cases when the signing and execution thereof shall be expressly delegated or permitted by the board or by these Bylaws to some other officer or agent of the Corporation; and, in general, shall perform all duties incident to the office of president, and such other duties as from time to time may be assigned to the president by the Board of Directors or as are prescribed by these Bylaws.

SECTION VI.7. THE VICE PRESIDENT. At the request of the president, or in the absence or disability of the president, the vice presidents, in the order of their election, shall perform the duties of the president, and, when so acting, shall have all the powers of, and be subject to all restrictions upon, the president. Any action taken by a vice president in the performance of the duties of the president shall be conclusive evidence of the absence or inability to act of the president at the time such action was taken. The vice presidents shall perform such other duties as may, from time to time, be assigned to them by the Board of Directors or the president. A vice president may sign, with the secretary or an assistant secretary, certificates of stock of the Corporation.

SECTION VI.8. SECRETARY. The secretary shall keep the minutes of all minutes of the shareholders, of the Board of Directors, and of the executive committee, if any, of the Board of Directors, in one or more books provided for such purpose and shall see that all notices are duly given in accordance with the provisions of these Bylaws or as required by law. The secretary shall be custodian of the corporate records and of the seal (if any) of the Corporation and see, if the Corporation has a seal, that the seal of the Corporation is affixed to all documents the execution of which on behalf of the Corporation under its seal is duly authorized; shall have general charge of the stock certificate books, transfer books and storage ledgers, and such other books and papers of the Corporation as the Board of Directors may direct, all of which shall, at all reasonable times, be open to the examination of any director, upon application at the office of the Corporation during business hours; and in general shall perform all duties and exercise all powers incident to the office of the secretary and such other duties and powers as the Board of Directors or the president from time to time may assign to or confer on the secretary.

SECTION VI.9. TREASURER. The treasurer shall keep complete and accurate records of account, showing at all times the financial condition of the Corporation. The treasurer shall be the legal custodian of all money, notes, securities and other valuables which may from time to time come into the possession of the Corporation. The treasurer shall furnish at meetings of the Board of Directors, or whenever requested, a statement of the financial condition of the Corporation, and shall perform such other duties as these Bylaws may require or the Board of Directors may prescribe.

SECTION VI.10. EXECUTIVE TITLES AND ASSISTANT OFFICERS. The Board of Directors may designate titles or positions for any executive officer, such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Information Officer (CIO). Any assistant secretary or assistant treasurer appointed by the Board of Directors shall have power to perform, and shall perform, all duties incumbent upon the secretary or treasurer of the Corporation, respectively, subject to the general direction of such respective officers, and shall perform such other duties as these Bylaws may require or the Board of Directors may prescribe.

SECTION VI.11. SALARIES. The salaries or other compensation of the officers shall be fixed from time to time by the Board of Directors. No officer shall be prevented from receiving such salary or other compensation by reason of the fact that he or she is also a director of the Corporation.

SECTION VI.12. BONDS OF OFFICERS. The Board of Directors may secure the fidelity of any officer of the Corporation by bond or otherwise, on such terms and with such sureties, conditions, penalties or securities as shall be deemed proper by the Board of Directors.

SECTION VI.13. DELEGATION. The Board of Directors may delegate temporarily the powers and duties of any officer of the Corporation, in case of his or her absence or for any other reason, to any other officer, and may authorize the delegation by any officer of the Corporation of any of his or her powers and duties to any agent or employee, subject to the general supervision of such officer.

**ARTICLE VII**

**MISCELLANEOUS**

SECTION VII.1. DIVIDENDS. Dividends on the outstanding shares of the Corporation, subject to the provisions of the articles of incorporation, if any, may be declared by the Board of Directors at any regular or special meeting, pursuant to law. Dividends may be paid by the Corporation in cash, in property, or in the Corporations own shares, but only out of the unreserved and restricted earned surplus of the Corporation, except as otherwise allowed by law.

Subject to limitations upon the authority of the Board of Directors imposed by law or by the articles of incorporation, the declaration of and provision for payment of dividends shall be at the discretion of the Board of Directors.

SECTION VII.2. CONTRACTS. The president shall have the power and authority to execute, on behalf of the Corporation, contracts or instruments in the usual and regular course of business, and in addition the Board of Directors may authorize any officer or officers, agent or agents, of the Corporation to enter into any contract or execute and deliver any instrument in the name of and on behalf of the Corporation, and such authority may be general or confined to specific instances. Unless so authorized by the Board of Directors or by these Bylaws, no officer, agent or employee shall have any power or authority to bind the Corporation by any contract or engagement, or to pledge its credit or to render it pecuniarily liable for any purpose or in any amount.

SECTION VII.3. CHECKS, DRAFTS, ETC. All checks, drafts, or other orders for the payment of money, notes, or other evidences of indebtedness issued in the name of the Corporation shall be signed by such officers or employees of the Corporation as shall from time to time be authorized pursuant to these Bylaws or by resolution of the Board of Directors.

SECTION VII.4. DEPOSITORIES. All funds of the Corporation shall be deposited from time to time to the credit of the Corporation in such banks or other depositories as the Board of Directors may from time to time designate, and upon such terms and conditions as shall be fixed by the Board of Directors. The Board of Directors may from time to time authorize the opening and maintaining within any such depository as it may designate, of general and special account, and may make such special rules and regulations with respect thereto as it may deem expedient.

SECTION VII.5. ENDORSEMENT OF STOCK CERTIFICATES. Subject to the specific directions of the Board of Directors, any share or shares of stock issued by any corporation and owned by the Corporation, including reacquired shares of the Corporation's own stock, may, for sale or transfer, be endorsed in the name of the Corporation by the president or any vice president; and such endorsement may be attested or witnessed by the secretary or any assistant secretary either with or without the affixing thereto of the corporate seal.

SECTION VII.6. CORPORATE SEAL. The corporate seal, if any, shall be in such form as the Board of Directors shall approve, and such seal, or a facsimile thereof, may be impressed on, affixed to, or in any manner reproduced upon, instruments of any nature required to be executed by officers of the Corporation.

SECTION VII.7. BOOKS AND RECORDS. The Corporation shall keep correct and complete books and records of account and shall keep minutes of the proceedings of its shareholders and Board of Directors, and shall keep at its registered office or principal place of business, or at the office of its transfer agent or registrar, a record of its shareholders, giving the names and addresses of all shareholders and the number and class of the shares held by each.

SECTION VII.8. RESIGNATIONS. Any director or officer may resign at any time. Such resignations shall be made in writing and shall take effect at the time specified therein, or, if no time is specified, at the time of its receipt by the president or secretary. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation.

SECTION VII.9. LEGENDS. There shall be typed across the face of each stock certificate issued by the Corporation to any shareholder or presently owned by any shareholder a legend similar to the following:

**NOTICE: THESE SHARES ARE SUBJECT TO RESTRICTIONS ON TRANSFER. REFER TO**

**THE BACK OF THIS CERTIFICATE AND TO THE SHAREHOLDERS AGREEMENT.**

There shall be typed across the back of each such Stock Certificate the following, if no registration is in effect:

THE SHARES OF STOCK REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER ANY U.S. OR STATE SECURITIES LAWS AND MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF WITHOUT APPROPRIATE REGISTRATION OR AN EXEMPTION FROM REGISTRATION.

SECTION VII.10. MEETINGS BY TELEPHONE. Subject to the provisions required or permitted by these Bylaws or the laws of the State of Nevada for notice of meetings, shareholders, members of the Board of Directors, or members of any committee designated by the Board of Directors may participate in and hold any meeting required or permitted under these Bylaws by telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other. Participation in a meeting pursuant to this section shall constitute presence in person at such a meeting, except where a person participates in the meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened.

**ARTICLE VIII**

**AMENDMENTS**

SECTION VIII.1. AMENDMENTS. These Bylaws may be altered, amended or repealed, or new Bylaws may be adopted, by a majority or the Board of Directors at any duly held meeting of directors or by the holders of a majority of the shares represented at any duly held meeting of shareholders; provided that notice of such proposed action shall have been contained in the notice of any such meeting.

**CERTIFICATE OF SECRETARY**

The undersigned, being the secretary of E-Pawn.com, Inc., hereby certifies that the foregoing Bylaws were duly adopted by the initial directors of said corporation effective on _______________, 2000.

IN WITNESS WHEREOF, I have signed this certification on this _____ day of _______________, 2000.

## Exhibit 23.1

**EXHIBIT 23.1**

**Consent of Independent Auditors**

We consent to the use in this Registration Statement on Form 10 of UbuyHoldings, Inc. of our report dated April 24, 2026, relating to the financial statements of UbuyHoldings, Inc., appearing in this Registration Statement.

We also consent to the reference of our firm under the heading "Experts" in such Registration Statement.

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| |
|:---|
| */s/ Beckles & Co. Inc.* |
| **Beckles & Co. Inc.** |
| West Palm Beach, FL |
| April 24, 2026 |

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