# EDGAR Filing Document

**Accession Number:** 0002108121
**File Stem:** 0001213900-26-027884
**Filing Date:** 2026-3
**Character Count:** 124914
**Document Hash:** 3440f34e1772c2e872bd08f1db319987
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-027884.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001213900-26-027884

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

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JDEV Acquisition Corp
- **CENTRAL INDEX KEY:** 0002108121
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 422828779
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-12G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56821
- **FILM NUMBER:** 26754249

**BUSINESS ADDRESS:**
- **STREET 1:** THE GALLERIA, 2 BRIDGE AVENUE
- **STREET 2:** SUITE 241
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701
- **BUSINESS PHONE:** 732-241-3073

**MAIL ADDRESS:**
- **STREET 1:** THE GALLERIA, 2 BRIDGE AVENUE
- **STREET 2:** SUITE 241
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 **Amendment No. 1**

 **to**

**FORM 10**

**GENERAL FORM FOR REGISTRATION OF SECURITIES**

**Pursuant to Section 12(b) or (g) of The Securities Exchange Act of 1934**

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| |
|:---|
| **JDEV Acquisition Corp.** |
| (Exact name of registrant as specified in its charter) |

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| | |
|:---|:---|
| &nbsp;&nbsp;**Nevada** | &nbsp;&nbsp;**41-2828779** |
| &nbsp;&nbsp;(State or other jurisdiction of<br> incorporation or organization) | &nbsp;&nbsp;(I.R.S. Employer<br> Identification No.) |

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| | |
|:---|:---|
| &nbsp;&nbsp;**The Galleria, 2 Bridge Avenue, Suite 241, Red Bank, NJ** | &nbsp;&nbsp;**07701** |
| &nbsp;&nbsp;(Address of principal executive offices) | &nbsp;&nbsp;(Zip Code) |

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Registrant's telephone number, including area code: **(732) 758-9001**

Copies to:

Joseph Lucosky, Esq.

101 Wood Avenue South

Woodbridge, New Jersey 08830

Telephone Number: 732 395 4400

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

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

**Common Stock, $0.0001 par value**

(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 13(a) of the Exchange Act. ☐

**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| | | **Page** |
| [EXPLANATORY NOTE](#a_001) | [EXPLANATORY NOTE](#a_001) | ii |
| [FORWARD-LOOKING STATEMENTS](#a_002) | [FORWARD-LOOKING STATEMENTS](#a_002) | ii |
| Item 1. | [Business.](#a_003) | 1 |
| Item 1A. | [Risk Factors.](#a_004) | 6 |
| Item 2. | [Financial Information.](#a_005) | 6 |
| Item 3. | [Properties.](#a_006) | 9 |
| Item 4. | [Security Ownership of Certain Beneficial Owners and Management.](#a_007) | 9 |
| Item 5. | [Directors and Executive Officers.](#a_008) | 9 |
| Item 6. | [Executive Compensation.](#a_009) | 11 |
| Item 7. | [Certain Relationships and Related Transactions, and Director Independence.](#a_010) | 11 |
| Item 8. | [Legal Proceedings.](#a_011) | 12 |
| Item 9. | [Market Price of and Dividends on the Registrant's Common Equity and Related Stockholder Matters.](#a_012) | 12 |
| Item 10. | [Recent Sales of Unregistered Securities.](#a_013) | 13 |
| Item 11. | [Description of Registrant's Securities to be Registered.](#a_014) | 13 |
| Item 12. | [Indemnification of Directors and Officers.](#a_015) | 14 |
| Item 13. | [Financial Statements and Supplementary Data.](#a_016) | 16 |
| Item 14. | [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.](#a_017) | 16 |
| Item 15. | [Financial Statements and Exhibits.](#a_018) | 16 |

---

i

**EXPLANATORY NOTE**

We are voluntarily filing this General Form for Registration of Securities on Form 10 to register our common stock, par value $0.0001 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 original filing pursuant to Section 12(g)(1) of the Exchange Act.

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.

Unless otherwise noted, references in this registration statement to the "Registrant," the "Company," "we," "our" or "us" means JDEV Acquisition Corp. Our principal place of business is located at The Galleria, 2 Bridge Avenue, Suite 241, Red Bank, NJ. Our telephone number is: (732) 758-9001.

**FORWARD LOOKING STATEMENTS**

There are statements in this registration statement that are not historical facts. These "forward-looking statements" can be identified by use of terminology such as "believe," "hope," "may," "anticipate," "should," "intend," "plan," "will," "expect," "estimate," "project," "positioned," "strategy" and similar expressions. You should be aware that these forward-looking statements are subject to risks and uncertainties that are beyond our control. For a discussion of these risks, you should read this entire registration statement carefully, especially the risks discussed under the section entitled "*Risk Factors*." Although management believes that the assumptions underlying the forward-looking statements included in this registration statement are reasonable, they do not guarantee our future performance, and actual results could differ from those contemplated by these forward-looking statements. The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results and events contemplated by the forward-looking statements contained in this registration statement will in fact transpire. You are cautioned to not place undue reliance on these forward-looking statements, which speak only as of their dates. We do not undertake any obligation to update or revise any forward-looking statements unless required by applicable laws or regulations.

ii

**Item 1. Business.**

**Business Development**

JDEV Acquisition Corp. was incorporated in the State of Nevada on November 26, 2025. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was formed as a vehicle to pursue a business combination and has made no efforts to identify a possible business combination. As a result, the Company has not conducted negotiations or entered into a letter of intent concerning any target business. The business purpose of the Company is to seek the acquisition of or merger with, an existing company. The Company selected December 31<sup>st</sup> as its fiscal year end.

**Business of Issuer**

The Company, based on proposed business activities, is a "blank check" company. The U.S. Securities and Exchange Commission (the "SEC") defines those companies as "any development stage company that is issuing a penny stock, within the meaning of Section 3(a)(51) of the Exchange Act, and that has no specific business plan or purpose, or has indicated that its business plan is to merge with an unidentified company or companies." Under SEC Rule 12b-2 under the Exchange Act, the Company also qualifies as a "shell company," because it has no or nominal assets (other than cash) and no or nominal operations. As of December 31, 2025, the Company had $25,490 in cash and its auditors have issued an opinion raising substantial doubt about its ability to continue as a going concern. Many states have enacted statutes, rules and regulations limiting the sale of securities of "blank check" companies in their respective jurisdictions. Management does not intend to undertake any efforts to cause a market to develop in our securities, either debt or equity, until we have successfully concluded a business combination. The Company intends to comply with the periodic reporting requirements of the Exchange Act for so long as it is subject to those requirements.

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company's principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. The Company has not conducted any active operations since inception, except for its efforts to locate suitable acquisition candidates. The Company's plan of operation for the remainder of the fiscal year and beyond such time shall be to continue its efforts to locate suitable acquisition candidates. As of the date of this filing, the Company has not identified any specific milestones to be achieved by any specific date.

During the remainder of the fiscal year and beyond such time, we anticipate incurring costs related to the filing of Exchange Act reports, and investigating, analyzing and consummating an acquisition. We believe we will be able to meet these costs through the use of funds to be loaned by or invested in us by our stockholders, management or other investors. Our management and stockholders have indicated their intent to advance funds on behalf of the Company as needed in order to accomplish its business plan and comply with its Exchange Act reporting requirements; however, there are no agreements in effect between the Company and our management and stockholders specifically requiring that they provide any funds to the Company. As a result, there are no assurances that such funds will be advanced or that the Company will be able to secure any additional funding as needed.

The analysis of new business opportunities will be undertaken by or under the supervision of the Company's management. As of the date of this filing, the Company has not entered into any definitive agreement with any party, nor have there been any specific discussions with any potential business combination candidate regarding business opportunities for the Company. While the Company has limited assets and no revenues, the Company has unrestricted flexibility in seeking, analyzing and participating in potential business opportunities in that it may seek out a target company in any type of business, industry or geographical location. In its efforts to analyze potential acquisition targets, the Company is considering the following kinds of factors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) potential for growth, indicated by new technology, anticipated market expansion or new products;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) competitive position as compared to other firms of similar size and experience within the industry segment as well as within the industry as a whole;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) strength and diversity of management, either in place or scheduled for recruitment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) capital requirements and anticipated availability of required funds, to be provided by the Company or from operations, through the sale of additional securities, through joint ventures or similar arrangements or from other sources;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the cost of participation by the Company as compared to the perceived tangible and intangible values and potentials;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the extent to which the business opportunity can be advanced; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) the accessibility of required management expertise, personnel, raw materials, services, professional assistance and other required items.

In applying the foregoing criteria, no one of which will be definitive, management will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available data. Potentially available business opportunities may occur in many different industries, and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Due to the Registrant's limited capital available for investigation, the Registrant may not discover or adequately evaluate adverse facts about the opportunity to be acquired. In addition, we will be competing against other entities that possess greater financial, technical and managerial capabilities for identifying and completing business combinations.

In evaluating a prospective business combination, we will conduct as extensive a due diligence review of potential targets as possible given the lack of information which may be available regarding private companies and our limited personnel and financial resources. We expect that our due diligence will encompass, among other things, meetings with the target business's incumbent management and inspection of its facilities, as necessary, as well as a review of financial and other information which is made available to us. This due diligence review will be conducted either by our management or by unaffiliated third parties we may engage, including but not limited to attorneys, accountants, consultants or other such professionals. As of the date of this filing, the Company has not specifically identified any third parties that it may engage. The costs associated with hiring third parties as required to complete a business combination may be significant and are difficult to determine as such costs may vary depending on a variety of factors, including the amount of time it takes to complete a business combination, the location of the target company, and the size and complexity of the business of the target company. While the Company does not intend to retain any entity to act as a "finder", the Company's management, through its various contacts and affiliations with other entities, including Network 1 Financial Securities, Inc. ("Network 1"), a privately held company which focuses on identifying public markets venture capital investment opportunities in high growth early stage companies, may assist in making introductions to candidates for a potential business combination. Network 1 is a sector agnostic privately held firm which has identified and invested, through its principal owners, in a wide spectrum of global industries, including in biotechnology, specialty pharmaceuticals, medical devices, robotics, and technology, and may assist the Company with due diligence in the form of identifying a business combination target. A stockholder, Chief Executive Officer, and director of the Company, Vincent LaBarbara, is a director and holds the position of Managing Director/Investment Banking of Network 1. Except as described herein, there are currently no other agreements or preliminary understandings between us and Network 1. As of the date of this filing, Network 1 has not introduced any specific candidate for a potential business combination to the Company.

Our limited funds and the lack of full-time management will likely make it impracticable to conduct a complete and exhaustive investigation and analysis of a target business before we consummate a business combination. Management decisions, therefore, will likely be made without detailed feasibility studies, independent analysis, market surveys and the like which, if we had more funds available to us, would be desirable. We will be particularly dependent in making decisions upon information provided by the promoters, owners, sponsors or others associated with the target business seeking our participation.

The time and costs required to select and evaluate a target business and to structure and complete a business combination cannot presently be ascertained with any degree of certainty. The amount of time it takes to complete a business combination, the location of the target company, and the size and complexity of the business of the target company, whether current stockholders of the Company will retain equity in the Company, the scope of the due diligence investigation required, the involvement of the Company's auditors in the transaction, possible changes in the Company's capital structure in connection with the transaction, and whether funds may be raised contemporaneously with the transaction are all factors that determine the costs associated with completing a business combination transaction. The time and costs required to complete a business combination can be estimated once a business combination target has been identified. Any costs incurred with respect to the evaluation of a prospective business combination that is not ultimately completed will result in a loss to us.

Through information obtained from industry professionals including attorneys, investment bankers, and other consultants with experience in the reverse merger industry, the Company is aware that there are hundreds of shell companies seeking a business combination target. As a result, the Company believes it is in a highly competitive market for a small number of business opportunities which could reduce the likelihood of consummating a successful business combination. We are, and will continue to be, an insignificant participant in the business of seeking mergers with, joint ventures with and acquisitions of small private and public entities. A large number of established and well-financed entities, including small public companies and venture capital firms, are active in mergers and acquisitions of companies that may be desirable target candidates for us. Nearly all these entities have significantly greater financial resources, technical expertise and managerial capabilities than we do; consequently, we will be at a competitive disadvantage in identifying possible business opportunities and successfully completing a business combination. These competitive factors may reduce the likelihood of our identifying and consummating a successful business combination.

In addition, management has not been and is not currently involved with any other blank check companies, except that David Landskowsky served as President and Director for Dutchess Holdings Corp., a blank check company, from 2014 until such company filed a Form 15 with the SEC in 2016, having not completed any transaction, and Mr. Landskowsky and Eric Rubenstein, among others, are partners in Intuitive Venture Partners, LLC, the beneficial owner of all 5,000,000 shares of Dutchess Holdings Corp. Management may become associated with additional blank companies at any time in the future. As a result, conflicts may arise during the pursuit of business combinations with such other blank check companies with which our management is involved or may become involved with in the future if we and the other blank check companies that our officers and directors are affiliated with desire to take advantage of the same business opportunity.

At this time, the Company has not identified any specific factors or criteria that will be used to determine which entity will proceed with a proposed transaction in the event of a conflict of interest and management reserves the right to use any such criteria as it determines to be relevant at the time a proposed transaction is presented. However, in the event a conflict of interest arises in connection with the identification of a proposed business transaction, the Company's management and board of directors will use its reasonable judgment and intends to take all such actions as may be required in order to satisfy its fiduciary duties. At this time, there are no specific conflicts of interests identified by our management.

We presently have no employees apart from our management. Our officer and directors are engaged in outside business activities and are employed on a full-time basis by other companies. Our officer and directors will be dividing their time amongst these entities and anticipate that they will devote very limited time to our business until the acquisition of a successful business opportunity has been identified. The specific amount of time that management will devote to the Company may vary from week to week or even day to day, and therefore the specific amount of time that management will devote to the Company on a weekly basis cannot be ascertained with any level of certainty. In all cases, management intends to spend as much time as is necessary to exercise their fiduciary duties as an officer and/or director of the Company and believes that they will be able to devote the time required to consummate a business combination transaction as necessary.

We expect no significant changes in the number of our employees other than such changes, if any, incident to a business combination.

**Form of Acquisition**

The manner in which the Registrant participates in an opportunity will depend upon the nature of the opportunity, the respective needs and desires of the Registrant and the promoters of the opportunity, and the relative negotiating strength of the Registrant and such promoters.

It is likely that the Registrant will acquire its participation in a business opportunity through the issuance of its Common Stock or other securities of the Registrant, which could result in substantial dilution to the equity of stockholders of the Registrant immediately prior to the consummation of a transaction. Although the terms of any such transaction have not been identified and cannot be predicted, it is expected that any business combination transaction the Company may enter into would be structured as a "tax free" reorganization. It should be noted that the criteria for determining whether or not an acquisition is a so-called "tax free" reorganization under Section 368(a)(1) of the Internal Revenue Code of 1986, as amended (the "Code") depends upon the transaction meeting certain statutory and non-statutory requirements. There are different types of statutory requirements for each type of tax-free reorganization and thus each transaction must be reviewed carefully to determine its eligibility for a tax-free reorganization. One of the statutory requirements in a tax-free reorganization is that at least a certain percentage of the total consideration in the transaction must be voting stock of the acquirer corporation. This could result in substantial dilution to the equity of those who were stockholders of the Registrant prior to such reorganization. In addition, post-transaction dispositions of Registrant's stock received as consideration could have implications for the tax-free nature of the transaction in question. The Company does not intend to supply disclosure to stockholders concerning a target company prior to the consummation of a business combination transaction, unless required by applicable law or regulation. In the event a proposed business combination involves a change in majority of directors of the Company, the Company will file and provide to stockholders a Schedule 14F-1, which shall include, information concerning the target company, as required. The Company will file a current report on Form 8-K, as required, within four business days of a business combination which results in the Company ceasing to be a shell company. This Form 8-K will include complete disclosure of the target company, including audited financial statements.

The present stockholders of the Registrant will likely not have control of a majority of the voting securities of the Registrant following a reorganization transaction. As part of such a transaction, all or a majority of the Registrant's directors may resign and one or more new directors may be appointed without any vote by stockholders.

In the case of an acquisition, the transaction may be accomplished upon the sole determination of management without any vote or approval by stockholders. In the case of a statutory merger or consolidation directly involving the Company, it will likely be necessary to call a stockholders' meeting and obtain the approval of the holders of a majority of the outstanding securities. The necessity to obtain such stockholder approval may result in delay and additional expense in the consummation of any proposed transaction and will also give rise to certain appraisal rights to dissenting stockholders. Most likely, management will seek to structure any such transaction so as not to require stockholder approval.

The Company intends to search for a target for a business combination by contacting various sources including, but not limited to, our affiliates, lenders, investment banking firms, private equity funds, consultants and attorneys. The approximate number of persons or entities that will be contacted is unknown and dependent on whether any opportunities are presented by the sources that we contact. Due to our management's affiliation with Network 1, we expect that Network 1 may be able to assist the Company in identifying a business combination target for us. We currently do not have any agreements or preliminary agreements between us and any other entities including but not limited to Network 1.

It is anticipated that the investigation of specific business opportunities and the negotiation, drafting and execution of relevant agreements, disclosure documents and other instruments will require substantial management time and attention and substantial cost for accountants, attorneys and others. The costs that will be incurred are difficult to determine with any degree of specificity at this time as such costs are expected to be dependent on factors such as the amount of time it takes to identify and complete a business combination transaction, the location, size and complexity of the business of the target company, whether current stockholders of the Company will retain equity in the Company, the scope of the due diligence investigation required, the involvement of the Company's auditors in the transaction, possible changes in the Company's capital structure in connection with the transaction, and whether funds may be raised contemporaneously with the transaction. If a decision is made not to participate in a specific business opportunity, the costs theretofore incurred in the related investigation might not be recoverable. Furthermore, even if an agreement is reached for the participation in a specific business opportunity, the failure to consummate that transaction may result in the loss to the Registrant of the related costs incurred. The Company has not established a timeline with respect to the identification of a business combination target.

**Emerging Growth Company**

The Company is an "emerging growth company", as defined in the Jumpstart Our Business Startups Act of 2012 ("JOBS Act"), and may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not "emerging growth companies" including, but not limited to, not being required to comply with the auditor attestation requirements of section 404(b) of the Sarbanes-Oxley Act, and exemptions from the requirements of Sections 14A(a) and (b) of the Securities Exchange Act of 1934 to hold a nonbinding advisory vote of stockholders on executive compensation and any golden parachute payments not previously approved.

The Company has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.

We will remain an "emerging growth company" for up to five years, although we will lose that status sooner if our revenues exceed $1.07 billion, if we issue more than $1 billion in non-convertible debt in a three year period, or if the market value of our common stock that is held by non-affiliates exceeds $700 million as of the end of the second quarter of any fiscal year following the anniversary of the initial reporting.

To the extent that we continue to qualify as a "smaller reporting company", as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, after we cease to qualify as an emerging growth company, certain of the exemptions available to us as an emerging growth company may continue to be available to us as a smaller reporting company, including: (1) not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes Oxley Act; (2) scaled executive compensation disclosures; and (3) the requirement to provide only two years of audited financial statements, instead of three years.

**Item 1A. Risk Factors.**

As a "smaller reporting company" as defined in Item 10 of Regulation S-K (17 C.F.R. §229.10(f)(1)), the Company is not required to provide this information.

**Item 2. Financial Information.**

**Management's Discussion and Analysis of Financial Condition and Results of Operation.**

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company has not conducted any active operations since inception, except for its efforts to locate suitable acquisition candidates. No revenue has been generated by the Company since inception. It is unlikely the Company will have any revenues unless it is able to effect an acquisition or merger with an operating company, of which there can be no assurance. The Company's plan of operation for the remainder of the fiscal year shall be to continue its efforts to locate suitable acquisition candidates. Our principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict our potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business.

The Company does not currently engage in any business activities that provide cash flow. The costs of investigating and analyzing business combinations for the next 12 months and beyond such time will be paid with funds to be loaned to or invested in us by our stockholders, management or other investors.

During the next 12 months we anticipate incurring costs related to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) filing of Exchange Act reports, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) investigating, analyzing and consummating an acquisition.

We believe we will be able to meet these costs through use of funds to be loaned by or invested in us by our stockholders, management or other investors. There are no assurances that such funds will be advanced or that the Company will be able to secure any additional funding as needed. As of December 31, 2025, the Company had $25,490 in cash.

On November 26, 2025, the initial shareholder and investor in the Company, Vincent LaBarbara, was issued 5,500,000 shares of Common Stock as a capital contribution made to the Company. On December 10, 2025, Mr. LaBarbara transferred a total of 4,400,000 shares of Common Stock to four individual investors pursuant to certain securities purchase agreements, with each investor receiving 1,100,000 shares of Common Stock, respectively.

On December 10, 2025, the Company issued promissory notes (the "Notes") to five stockholders of the Company pursuant to which the Company agreed to repay the sum of any and all amounts advanced to the Company, on such date that the Company's common stock is listed for trading on a nationally recognized exchange in the United States. The Notes bear interest at a rate of five percent (5%) per annum, payable on the maturity date of the Notes. As of December 31, 2025, the amount due under the Notes was $25,000, which includes a $5,000 note payable to the Chief Executive Officer of the Company.

Our ability to continue as a going concern is dependent upon our ability to generate future profitable operations and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. Our ability to continue as a going concern is also dependent on our ability to find a suitable target company and enter into a possible reverse merger with such company. Management's plan includes obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances, however there is no assurance of additional funding being available.

The Company, as of December 31, 2025 had $25,490 in cash and has not earned any revenues from operations to date. In the next 12 months, we expect to incur expenses equal to approximately $15,000 related to legal, accounting, audit, and other professional service fees incurred in relation to the Company's Exchange Act filing requirements. The costs related to the acquisition of a business combination target company vary widely and are dependent on a variety of factors including, but not limited to, the amount of time it takes to complete a business combination, the location of the target company, the size and complexity of the business of the target company, whether stockholders of the Company prior to the transaction will retain equity in the Company, the scope of the due diligence investigation required, the involvement of the Company's auditors in the transaction, possible changes in the Company's capital structure in connection with the transaction, and whether funds may be raised contemporaneously with the transaction. Therefore, we believe such costs are unascertainable until the Company identifies a business combination target. These conditions raise substantial doubt about our ability to continue as a going concern. The Company is currently devoting its efforts to locating merger candidates. The Company's ability to continue as a going concern is dependent upon our ability to develop additional sources of capital, locate and complete a merger with another company, and ultimately, achieve profitable operations.

The Company may consider a business, which has recently commenced operations, as a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which may be experiencing financial or operating difficulties and is in need of additional capital. Our management believes that the public company status that results from a combination with the Company will provide such company greater access to the capital markets, increase its visibility in the investment community, and offer the opportunity to utilize its stock to make acquisitions. There is no assurance that we will in fact have access to additional capital or financing as a public company. In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur in a public offering.

Our officer and directors have not had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us. Any target business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings. In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies. In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, 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 it will likely be able to effect only one business combination, due primarily to our limited financing and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our management's plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization. This lack of diversification should be considered a substantial risk in investing in us, because it will not permit us to offset potential losses from one venture against gains from another.

The Company anticipates that the selection of a business combination will be complex and extremely risky. While the Company is in a competitive market with a small number of business opportunities, through information obtained from industry professionals including attorneys, investment bankers, and other consultants with experience in the reverse merger industry, our management believes that there are opportunities for a business combination with firms seeking the perceived benefits of becoming a publicly traded corporation. Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock. Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.

We do not currently intend to retain any entity to act as a "finder" to identify and analyze the merits of potential target businesses. However, we contemplate that Network 1 may introduce business combination opportunities to us. There are currently no agreements or preliminary agreements between us and Network 1.

We have not established a specific timeline nor have we created a specific plan to identify an acquisition target and consummate a business combination. We expect that our management and the Company, through its various contacts and affiliations with other entities, including Network 1, will locate a business combination target. We expect that funds in the amount of approximately $15,000 will be required in order for the Company to satisfy its Exchange Act reporting requirements during the next 12 months, in addition to any other funds that will be required in order to complete a business combination. Such funds can only be estimated upon identifying a business combination target. Our management and stockholders have indicated an intent to advance funds on behalf of the Company as needed in order to accomplish its business plan and comply with its Exchange Act reporting requirements, however, there are no agreements in effect between the Company and our management or stockholders specifically requiring they provide any funds to the Company. Therefore, there are no assurances that the Company will be able to obtain the required financing as needed in order to consummate a business combination transaction.

**Off-Balance Sheet Arrangements.**

We have not entered into 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 and would be considered material to investors.

**Item 3. Properties.**

The Company neither rents nor owns any properties. The Company utilizes the office space and equipment of its management at no cost. Given the limited need of the Company, management believes that the office space is more than suitable and adequate. The Company currently has no policy with respect to investments or interests in real estate, real estate mortgages or securities of, or interests in, persons primarily engaged in real estate activities.

**Item 4. Security Ownership of Certain Beneficial Owners and Management.**

The following table sets forth, as of the date of this filing, the number of shares of Common Stock owned of record and beneficially by the Company's directors and officers:

---

| | | |
|:---|:---|:---|
| **Name and Address** | **Amount and Nature of Beneficial Ownership** | **Percentage<br> of Class** |
| Vincent LaBarbara | 1100000 | 20% |
| David Landskowsky | 1100000 | 20% |
| Eric Rubenstein | 1100000 | 20% |
| Michael Stewart | 1100000  | 20% |
| All Directors and Officers as a Group | 4400000 | 80% |

---

**Item 5. Directors and Executive Officers.**

(a) Identification of Directors and Executive Officers.

Our officer and directors, and additional information concerning each of them, are as follows:

---

| | | |
|:---|:---|:---|
| **Name** | **Age** | **Position** |
| Vincent LaBarbara | 64 | Chief Executive Officer and Director |
| David Landskowsky | 47 | Director |
| Eric Rubenstein | 66 | Director |
| Michael Stewart | 57 | Executive Chair |

---

**Vincent LaBarbara**, 64, Chief Executive Officer and Director, has more than 35 years experience in management, acquisitions and financial investments. He presently serves as a Managing Director/Investment Banking at Network 1 Financial Securities, Inc.. Prior to his association with Network 1, Mr. LaBarbara acquired Skyebanc, Inc. a registered broker dealer with a specialty towards private equity, in May 2005 where he served as President and Chief Executive Officer. Prior to that, Mr. LaBarbara was a Partner and Managing Director of Commonwealth Associates from 1992 to 1998. His responsibilities included managing a very successful retail sales force.

He was also a member of Commonwealth Associates' Executive Committee, from which all corporate decision-making was finalized. In addition, he chaired the distribution of Commonwealth Associates' public and private offerings for both retail and institutional sales. Mr. LaBarbara has served on the Board of Foxton's North America, a subsidiary of Foxtons UK, the largest real estate broker in central London. He also sat on the Board of Berdy Medical Systems. He has also advised dozens of public and private companies in various capacities.

Over the last 35 years, Mr. LaBarbara has led or participated in the successful consummation of numerous public and private investments in the hundreds of millions of dollars for early stage and emerging-growth companies. He attended Kingsborough College and received degrees in accounting and finance. He also attended and completed advanced accounting courses from Pace University's New York School of Finance. Mr. LaBarbara holds Series 7, 63, 79 and 24 FINRA licenses.

 **David Landskowsky**, 47, Director, combines over 25 years of experience in the Financial Services industry. David Co-Founded Intuitive Venture Partners in 2010. Intuitive Venture Partners is a boutique venture investment firm that raises capital for high growth companies. David began his career at DLJ Direct, the online brokerage service of Donaldson, Lufkin, and Jenrette in 2000. He later joined the Private Equity Group at Spencer Trask Ventures, an early-stage venture capital firm. Subsequently, he transitioned to mezzanine and Pre-IPO financings in later-stage venture-backed companies. David has been a FINRA registered securities representative since 2000. David earned a B.S. in Business Administration with a concentration in Finance, from the Alfred Lerner College of Business and Economics at the University of Delaware.

**Eric Rubenstein**, 66, Director, has a career that has spanned across a broad spectrum throughout the financial services industry. He possesses a unique skill set in that his experience encompasses both the public and private markets. Eric spent the first 9 years of his career at Bear Stearns, Lehman Brothers and Prudential in managing stock and bond portfolios for private clients, where he was also involved in the syndication of initial public offerings. Since 1997, Eric has been responsible for raising over $1 billion in private financings for startup, early stage and venture-backed late-stage companies across a variety of market sectors, including healthcare & life sciences, telecom, software, information services, consumer products and green tech companies. Eric's capital raising efforts have focused on a diverse investor base including individuals, institutions, foreign private banks, family offices and foundations. In addition to raising capital, Eric was responsible for sourcing and structuring transactions. Through his network, Eric has provided the human capital, when needed, by rounding out boards and management teams for his portfolio companies. Eric earned a B.S. in Civil Engineering from Wentworth Institute of Technology.

**Michael Stewart**, 57, Executive Chair, was born and raised in California, and graduated from UC Santa Barbara with bachelor's degrees in business economics and English. In 2019, Mr. Stewart retired from his role as managing director at Credit Suisse in New York, where he was responsible for global equities and sat on the global markets management team. Previously, Mr. Stewart was a group managing director at UBS in Zurich, Switzerland, where he ran global investment products and services and sat on the wealth management executive committee. From 2011-2014, Mr. Stewart was global head of equities for the UBS Investment Bank, based in New York.

Since retiring, Mr. Stewart has focused on his family and consulting office, Cardiff Associates, and work on various engagements, board and advisory positions, as well as spending time in FinTech private equity, primarily at 7RIDGE. Mr. Stewart began his career in financial services in 1992 at Barclays Global Investors in San Francisco, where he worked in various capacities, ultimately heading the equity trading division. He relocated to New York in 2002 to work for Merrill Lynch, and subsequently Bank of America Merrill Lynch, where he served in a variety of roles, including global head of cash equities, global head of electronic execution, and global head of portfolio and automated trading. From 2008-2011, Mr. Stewart was in London as co-head of Bank of America Merrill Lynch's global equities division, co-head of European Markets and a member of the investment bank management committee. Mr. Stewart has served on a variety of boards in the securities exchange and financial technology spaces and currently is a member of the board of directors of the Global Financial Markets Association.

At UC Santa Barbara, Mr. Stewart has supported the economics programs and recently made a major investment in men's basketball and athletics. He also serves on the advisory board of UC Santa Barbara's Center for Research in Financial Mathematics and Statistics and the Department of Economics Advisory Board. Mr. Stewart is a member of the Gold Circle Society and currently serves on the finance and investment committee. He was elected a trustee of the UC Santa Barbara Foundation in 2014 and served on the finance and investment committee.

(b) Significant Employees.

None.

(c) Family Relationships.

None.

(d) Involvement in Certain Legal Proceedings.

There have been no events under any bankruptcy act, no criminal proceedings and no judgments, injunctions, orders or decrees material to the evaluation of the ability and integrity of any director, executive officer, promoter or control person of the Registrant during the past ten years.

**Item 6. Executive Compensation.**

The following table sets forth the cash and other compensation paid by the Company to its officer and directors during the period from inception (November 26, 2025) through the date of this filing.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name and Position** | **Year** | **Salary** | **Bonus** | **Option<br> Awards** | **All other<br> Compensation** | **Total** |
| Vincent LaBarbara <sup>(1)</sup> | 2025 |  |  |  |  |  |
| David Landskowsky <sup>(2)</sup> | 2025 |  |  |  |  |  |
| Eric Rubenstein <sup>(3)</sup> | 2025 |  |  |  |  |  |
| Michael Stewart <sup>(4)</sup> | 2025 |  |  |  |  |  |

---

(1) Vincent LaBarbara was appointed to serve as a member of the Company's board of directors and as its Chief Executive on November 26, 2025.

(2) David Landskowsky was appointed to serve as a member of the Company's board of directors on November 26, 2025.

(3) Eric Rubenstein was
 appointed to serve as a member of the Company's board of directors on November 26, 2025.

(4) Michael Stewart was appointed to serve as the Company's Executive Chair on February 3, 2026.

The following compensation discussion addresses all compensation awarded to, earned by, or paid to the Company's named executive officers. The Company's officer and directors have not received any cash or other compensation since inception through the date of this filing. No compensation of any nature has been paid for on account of services rendered by a director in such capacity.

It is possible that, after the Company successfully consummates a business combination with an unaffiliated entity, that entity may desire to employ or retain members of our management for the purposes of providing services to the surviving entity.

No retirement, pension, profit sharing, stock option or insurance programs or other similar programs have been adopted by the Company for the benefit of its employees.

Except as otherwise disclosed herein, there are currently no understandings or agreements regarding compensation our management will receive after a business combination.

**<u>Compensation Committee and Insider Participation</u>**

The Company does not have a standing compensation committee or a committee performing similar functions.

**Item 7. Certain Relationships and Related Transactions, and Director Independence.**

**<u>Certain Relationships and Related Transactions</u>**

<u>Notes Payable - Stockholders</u>

On December 10, 2025, the Company issued promissory notes (the "Notes") to five stockholders of the Company pursuant to which the Company agreed to repay the sum of any and all amounts advanced to the Company, on such date that the Company's common stock is listed for trading on a nationally recognized exchange in the United States. The Notes bear interest at a rate of five percent (5%) per annum, payable on the maturity date of the Notes. As of December 31, 2025, the amount due under the Notes was $25,000, which includes a $5,000 note payable to the Chief Executive Officer of the Company and two $5,000 notes payable to Directors of the Company.

**<u>Promoters and Certain Control Persons</u>**

The Company's management, through its various contacts and affiliations with other entities, including Network 1, may assist the Company with due diligence in identifying a business combination target. There are currently no agreements or preliminary agreements between us and any other entities including but not limited to Network 1. As of this date, Network 1 has not introduced any specific candidate for a potential business combination to the Company. If Network 1 identifies or introduces any potential business combination opportunities to the Company, the principal owners of Network 1, including members of our management may purchase securities in the Company.

None of the directors or officers of the Company may be deemed to be promoters of any other blank check company. None of the directors or officers of the Company has been or is currently involved with any other blank check companies, except that David Landskowsky served as President and Director for Dutchess Holdings Corp., a blank check company, from 2014 until such company filed a Form 15 with the SEC in 2016, having not completed any transaction, and Mr. Landskowsky and Eric Rubenstein, among others, are partners in Intuitive Venture Partners, LLC, the beneficial owner of all 5,000,000 shares of Dutchess Holdings Corp.

**<u>Director Independence</u>**

Our Common Stock is not quoted or listed on any national exchange or interdealer quotation system with a requirement that a majority of our board of directors be independent and therefore, the Company is not subject to any director independence requirements. Under NASDAQ Rule 5605(a)(2)(A), a director is not considered to be independent if he or she also is an executive officer or employee of the corporation. Under such definition, one of our directors, Vincent LaBarbara, would not be considered independent as he serves as an officer of the Company. Additionally, Mr. LaBarbara is a director and holds the position of Managing Director/Investment Banking of Network 1.

Except as otherwise indicated herein, there have been no other related party transactions, or any other transactions or relationships required to be disclosed pursuant to Item 404 and Item 407(a) of Regulation S-K.

**Item 8. Legal Proceedings.**

There are presently no pending legal proceedings to which the Company or any of its property is subject, or any material proceedings to which any director, officer or affiliate of the Registrant, any owner of record or beneficially of more than five percent of any class of voting securities is a party or has a material interest adverse to the Company, and no such proceedings are known to the Registrant to be threatened or contemplated against it.

**Item 9. Market Price of and Dividends on the Registrant's Common Equity and Related Stockholder Matters.**

(a) Market Information.

The Common Stock is not trading on any stock exchange. The Company is not aware of any market activity in its Common Stock since its inception through the date of this filing.

(b) Holders.

As of the date of this filing, there were five record holders of an aggregate of 5,500,000 shares of the Common Stock issued and outstanding.

(c) Dividends.

The Registrant has not paid any cash dividends to date and does not anticipate or contemplate paying dividends in the foreseeable future. It is the present intention of management to utilize all available funds for the development of the Registrant's business.

(d) Securities Authorized for Issuance under Equity Compensation Plans.

None.

**Item 10. Recent Sales of Unregistered Securities.**

None

**Item 11. Description of Registrant's Securities to be Registered.**

(a) Capital Stock.

The Company is authorized by its Certificate of Incorporation to issue an aggregate of 200,000,000 shares of Common Stock, par value of $0.0001. As of the date of filing this Registration Statement, 5,500,000 shares of Common Stock were issued and outstanding.

*Common Stock*

All outstanding shares of Common Stock are of the same class and have equal rights and attributes. The holders of Common Stock are entitled to one vote per share on all matters submitted to a vote of stockholders of the Company. All stockholders are entitled to share equally in dividends, if any, as may be declared from time to time by the Company's board of directors out of funds legally available. In the event of liquidation, the holders of Common Stock are entitled to share ratably in all assets remaining after payment of all liabilities. The stockholders do not have cumulative or preemptive rights.

(b) Debt Securities.

None.

(c) Warrants and Rights.

None.

(d) Other Securities to Be Registered.

None.

**Item 12. Indemnification of Directors and Officers.**

The Nevada Revised Statutes provide that we may indemnify our officers and directors against losses or liabilities which arise in their corporate capacity. The effect of these provisions could be to dissuade lawsuits against our officers and directors.

Nevada Revised Statutes Section 78.7502 provides that:

● A corporation may indemnify under this subsection any person who was or is a party or is threatened to be made a party. to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that the person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, or other enterprise, against expenses, including attorneys' fees, judgments, fines, and amounts paid in settlement actually and reasonably incurred by the person in connection. with the action, suit or proceeding if the person: (a) is not liable pursuant to NRS 78.138; or (b) acted in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, or that, with respect to any criminal action or proceeding, he or she had reasonable cause to believe that the conduct was unlawful.

● A corporation may indemnify under this subsection any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by the person in connection with the defense or settlement of the action or suit if the person: (a) is not liable pursuant to NRS 78.138; or (b) acted in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification may not be made for any claim, issue, or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which the action or suit was brought, or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.

● Any discretionary indemnification pursuant to this section, unless ordered by a court or advanced pursuant to subsection 2 of Section 78.751, may be made by the corporation only as authorized in each specific case upon a determination that the indemnification of a director, officer, employee, or agent of a corporation is proper in the circumstances. Determination must be made by: (a) the stockholders; (b) the Board of Directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding; or (c) by independent legal counsel in a written opinion, if (1) a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders; or (2) a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained.

Nevada Revised Statutes Section 78.751 provides that:

● A corporation shall indemnify any person who is a director, officer, employee, or agent to the extent that the person is successful on the merits or otherwise in defense of: (a) any threatened, pending, or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, including, without limitation, an action by or in right of the corporation, by reason of the fact that the person is or was a director, officer, employee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise; or (b) any claim, issue, or matter therein, against expenses, actually and reasonably incurred by the person in connection with defending the action, including, without limitation, attorney's fees.

**●** Unless otherwise restricted by the articles of incorporation, the bylaws or an agreement made by the corporation, the corporation may pay the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding 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 director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that the director or officer is not entitled to be indemnified by the corporation. The articles of incorporation, the bylaws or an agreement made by the corporation may require the corporation to pay such expenses upon receipt of such an undertaking. The provisions of this subsection do not affect any rights to advancement of expenses to which corporate personnel other than directors or officers may be entitled under any contract or otherwise by law.

● The indemnification pursuant to this section and NRS 78.7502 and advancement of expenses authorized in or ordered by a court pursuant to this section: (a) does not exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled under the articles of incorporation or any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, for either an action in the person's official capacity or an action in another capacity while holding office, except that indemnification, unless ordered by a court pursuant to NRS 78.7502 or for the advancement of expenses made pursuant to subsection 2, may not be made to or on behalf of any director or officer finally adjudged by a court of competent jurisdiction, after exhaustion of any appeals taken therefrom, to be liable for intentional misconduct, fraud or a knowing violation of law, and such misconduct, fraud or knowing violation was material to the cause of action and (b) continues for a person who has ceased to be a director, officer, employee, or agent and inures to the benefit of the heirs, executors, and administrators of such person.

● Unless the articles of incorporation, the bylaws or an agreement made by a corporation provide otherwise, if a person is entitled to indemnification or the advancement of expenses from the corporation and any other person, the corporation is the primary obligor with respect to such indemnification or advancement.

● A right to indemnification or to advancement of expenses arising under the provision of the articles of incorporation or any bylaw is not eliminated or impaired by an amendment to such provision after the occurrence of the act or omission that is the subject of the civil, criminal, administrative or investigative action, suit or proceeding for which indemnification or advancement of expenses is sought, unless the provision is in effect at the time of such act or omission explicitly authorizes such elimination or impairment after such action or omission has occurred.

The Company's Certificate of Incorporation provides that, to the fullest extent permitted by applicable law, none of our directors will be personally liable to us or our stockholders for monetary damages for breach of fiduciary duty as a director. Any repeal or modification of this provision will be prospective only and will not adversely affect any limitation, right or protection of a director of our company existing at the time of such repeal or modification.

**Item 13. Financial Statements and Supplementary Data.**

We set forth below a list of our financial statements included in this Registration Statement on Form 10.

---

| | |
|:---|:---|
| **Statement** | **Page** |
| [Index to Financial Statements](#f_001) | F-1 |
| [Report of Independent Registered Public Accounting Firm (PCAOB ID No. 05854)](#f_002) | F-2 |
| [Balance Sheet as of December 31, 2025](#f_003) | F-3 |
| [Statement of Operations for the Period from November 26, 2025 to December 31, 2025](#f_004) | F-4 |
| [Statement of Changes in Stockholders' Deficit for the Period from November 26, 2025 to December 31, 2025](#f_005) | F-5 |
| [Statement of Cash Flows for the Period from November 26, 2025 to December 31, 2025](#f_006) | F-6 |
| [Notes to Financial Statements](#f_007) | F-7 |

---

**Item 14. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.**

There are not and have not been any disagreements between the Registrant and its accountants on any matter of accounting principles, practices or financial statement disclosure.

**Item 15. Financial Statements and Exhibits.**

(a) Financial Statements.

The financial statements included in this Registration Statement on Form 10 are listed in Item 13 and commence following the signature page.

(b) Exhibits.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 3.1 | [Certificate of Incorporation](ea028092101ex3-1.htm) |
| 3.2 | [Amended and Restated By-Laws](ea028092101ex3-2.htm) |
| 10.1 | [Form of Promissory Note](ea028092101ex10-1.htm) |

---

**SIGNATURES**

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

---

| | | |
|:---|:---|:---|
|  | **JDEV ACQUISITION CORP.** | **JDEV ACQUISITION CORP.** |
| Date: March 13, 2026  | By: | */s/ Vincent LaBarbara* |
|  |  | Vincent LaBarbara |
|  |  | Chief Executive Officer |

---

INDEX TO FINANCIAL STATEMENTS

---

| | |
|:---|:---|
| **Statement** | **Page** |
| [Index to Financial Statements](#f_001) | F-1 |
| [Report of Independent Registered Public Accounting Firm (PCAOB ID No. 05854)](#f_002) | F-2 |
| [Balance Sheet as of December 31, 2025](#f_003) | F-3 |
| [Statement of Operations for the Period from November 26, 2025 (inception) to December 31, 2025](#f_004) | F-4 |
| [Statement of Changes in Stockholders' Equity for the Period from November 26, 2025 (inception) to December 31, 2025](#f_005) | F-5 |
| [Statement of Cash Flows for the Period from November 26, 2025 (inception) to December 31, 2025](#f_006) | F-6 |
| [Notes to Financial Statements](#f_007) | F-7 |

---

![](ea028092101_img1.jpg)

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and<br> Stockholders of JDEV Acquisition Corp.

**Opinion on the Financial Statements**

We have audited the accompanying balance sheet of JDEV Acquisition Corp. (the Company) as of December 31, 2025, and the related statement of operations, changes in stockholders' equity, and cash flows for the period from November 26, 2025 (inception) to December 31, 2025, 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 December 31, 2025, and the results of its operations and its cash flows for the period from November 26, 2025 (inception) to December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

**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 6 to the financial statements, the Company has not commenced operations and has not generated profits as of December 31, 2025, which raise substantial doubt about its ability to continue as a going concern. Management's evaluation of the events and conditions and management's plans regarding these matters are also described in Note 6 to the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to that matter.

**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 audits. 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 audits 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 audits 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 audits 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 audits provide a reasonable basis for our opinion.

*/s/ TAAD, LLP*

We have served as the Company's auditor since 2025.

Diamond Bar, California

February 4, 2026

**JDEV Acquisition Corp.**

BALANCE SHEET

December 31, 2025

---

| | |
|:---|:---|
| **Assets** | |
| Cash | $25490 |
| Total current assets | 25490 |
| **Total Assets** | $25490 |
| **Liabilities** |  |
| Promissory Note Payable to Related Parties | $25000 |
| Accrued Interest Payable | 69 |
| Total current liabilities | 25069 |
| **Total Liabilities** | $25069 |
| **Stockholder's Equity** |  |
| Common Stock, $0.0001 par value, 200,000,000 shares authorized; 5,500,000 shares issued and outstanding | $550 |
| Accumulated Deficit | (129) |
| &nbsp;&nbsp;&nbsp;**Total Stockholder's Equity** | $421 |
| &nbsp;&nbsp;&nbsp;**Total Liabilities and Stockholders' Equity** | $25490 |

---

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

**JDEV Acquisition Corp.**

STATEMENT OF OPERATIONS

For the period from November 26, 2025 (inception)

to December 31, 2025

---

| | |
|:---|:---|
| **Revenue** | |
| &nbsp;&nbsp;&nbsp;Total Revenue | $- |
| **Operating Expenses** |  |
| &nbsp;&nbsp;&nbsp;Bank Fees Expense | 60 |
| &nbsp;&nbsp;&nbsp;**Total Operating Expenses** | **60** |
| **Other Income (Expense)** |  |
| &nbsp;&nbsp;&nbsp;Interest Expense | (69) |
| **Total Other Income (Expense)** | **(69)** |
| **Net Loss** | **(129)** |
| **Per Share Data** |  |
| &nbsp;&nbsp;&nbsp;Weighted average number of common shares outstanding | **5500000** |
| &nbsp;&nbsp;&nbsp;Basic and diluted loss per share | (0.00) |

---

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

**JDEV Acquisition Corp.**

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

For the period from November 26, 2025 (inception)

to December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** | | | |
|  | **Shares** | **Amount** | **Additional Paid**<br>**In Capital** | **Accumulated**<br> **Deficit** | **Total Stockholder's**<br>**Equity** |
| Beginning balance (Nov 26, 2025) |  |  |  |  |  |
| Capital contributions | 5500000 | 550 |  |  | 550 |
| Net loss | - | - |  | (129) | (129) |
| **Ending balance (Dec 31, 2025)** | **5500000** | **550** |  | **(129)** | **421** |

---

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

**JDEV Acquisition Corp.**

STATEMENT OF CASH FLOWS

For the period from November 26, 2025 (inception)

to December 31, 2025

---

| | |
|:---|:---|
| **Operating Activities** | |
| Net Loss | $(129) |
| Adjustments |  |
| &nbsp;&nbsp;&nbsp;Change in accrued interest payable | $69 |
| **Net cash used in operating activities** | $(60) |
| Investing Activities |  |
| **Net cash used in investing activities** | $- |
| Financing Activities |  |
| Proceeds from promissory notes | $25000 |
| Capital contributions | $550 |
| **Net cash provided by financing activities** | $25550 |
| **Net Change in Cash** | $25490 |
| Beginning cash balance | $- |
| **Ending cash balance** | $25490 |

---

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

**JDEV Acquisition Corp.**

NOTES TO FINANCIAL STATEMENTS

December 31, 2025

**Note 1. <u>Nature of Operations</u>**

JDEV Acquisition Corp. (the "Company") was incorporated in the State of Nevada on November 26, 2025. The Company's management has chosen December 31st for its fiscal year end.

The Company was organized as a vehicle to investigate and, if such investigation warrants, acquire a target company or business seeking the perceived advantages of being a publicly held corporation. The Company's principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through a combination with a business rather than immediate, short-term earnings. The Company will not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, may acquire any type of business. The Company has not conducted any active operations since inception, except for its efforts to locate suitable acquisition candidates. The Company's plan of operation for the remainder of the fiscal year and beyond such time shall be to continue its efforts to locate suitable acquisition candidates. As of the date of this filing, the Company has not identified any specific milestones to be achieved by any specific date.

**Note 2. <u>Basis of Presentation and Summary of Significant Accounting Policies</u>**

<u>Basis of Presentation</u>

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (*"GAAP"*).

<u>Use of Estimates</u>

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

<u>Cash and Cash Equivalents</u>

Cash and cash equivalents are reported in the balance sheet at cost, which approximates fair value. For the purpose of the financial statements cash equivalents include all highly liquid investments with an original maturity of three months or less. There are no cash equivalents at the balance sheet date.

<u>Income Taxes</u>

The Company adopted ASC 740, *"Income Taxes"*, at its inception. Under 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, including tax loss and credit carry-forwards, 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. 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. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

The Company recognizes the tax benefits of uncertain tax positions only when the positions are "more likely than not" to be sustained assuming examination by tax authorities and determined to be attributed to the Company. The determination of attribution, if any, applies for each jurisdiction where the Company is subject to income taxes on the basis of laws and regulations of the jurisdiction. The application of laws and regulations is subject to legal and factual interpretation, judgement, and uncertainty. Tax laws and regulations themselves are subject to change as a result of changes in fiscal policy, changes in legislation, the evolution of regulations, and court rulings. Therefore, the actual liability of the various jurisdictions may be materially different from management's estimate. As of December 31, 2025, the Company has no accrued interest or penalties related to uncertain tax positions.

<u>Loss per Common Share</u>

The Company adopted ASC 260, *"Earnings per Share"*, at its inception. Basic loss per share has been calculated by dividing the Company's net loss available to common stockholders by the weighted average number of common shares outstanding during the period. The diluted earnings (loss) per share is calculated by dividing the Company's net loss available to common stockholders by the diluted weighted average number of shares outstanding for the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted as of the first of the year for any potentially dilutive debt or equity.

<u>Emerging Growth Company</u>

The Company is an "emerging growth company" and has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.

<u>Recently Issued Accounting Pronouncements</u>

Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

**Note 3. <u>Capital Stock</u>**

<u>Common Stock</u>

As of December 31, 2025, the Company has 200,000,000 shares of common stock, par value of $0.0001, authorized and has issued 5,500,000 shares of its $0.0001 par value common stock for $550 to the Chief Executive Officer of the Company. The holders of Common Stock are entitled to one vote per share on all matters submitted to a vote of stockholders of the Company.

Subsequently, 4 shareholders purchased 1,100,000 shares each of the Company's common stock directly from Mr. LaBarbara for $110 apiece, or a purchase price of $0.0001 per share.

**Note 4. <u>Income Taxes</u>**

Components of deferred tax assets are as follows:

---

| | |
|:---|:---|
|  | **December 31, 2025** |
| **Net deferred tax assets - Non-current:** | |
| Depreciation | $- |
| Stock based compensation |  |
| Expected income tax benefit from NOL carry-forwards | 27 |
| Less valuation allowance | (27) |
| Deferred tax assets, net of valuation allowance | $- |

---

As of December 31, 2025, the Company has approximately $27 in gross deferred tax assets resulting from net operating loss carry-forwards of $129 available to offset future taxable income through 2040 subject to the change in ownership provisions under IRC 382. A valuation allowance has been recorded to fully offset these deferred tax assets because the Company's management believes future realization of the related tax benefits is uncertain.

The difference between the tax provision at the statutory federal income tax rate on December 31, 2025 and the tax provisions attributable to loss before income taxes is as follows:

---

| | |
|:---|:---|
| Statutory federal income taxes | 21.0% |
| Valuation allowance | (21.0)% |
| Effective income tax rate, net | - |

---

**Note 5. <u>Commitments and Related Party Transactions</u>**

<u>Office Space</u>

The Company utilizes the office space and equipment of its management at no cost.

<u>Notes Payable - Stockholders</u>

On December 10, 2025, the Company issued promissory notes (the "Notes") to five stockholders of the Company pursuant to which the Company agreed to repay the sum of any and all amounts advanced to the Company, on such date that the Company's common stock is listed for trading on a nationally recognized exchange in the United States. The Notes bear interest at a rate of five percent (5%) per annum, payable on the maturity date of the Notes. As of December 31, 2025, the amount due under the Notes was $25,000, which includes a $5,000 note payable to the Chief Executive Officer of the Company and two $5,000 notes payable to Directors of the Company.

**Note 6. <u>Going Concern</u>**

The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business.

The Company is a blank check company and has not commenced operations or generated any revenue since inception. As of December 31, 2025, the Company has incurred losses from inception of $129, has working capital of $421, stockholders' equity of $421, and cash flow used in operating activities of $(60). Due to the Company's status as a blank check company without revenue-generating operations, combined with its limited liquidity, management believes these conditions raise substantial doubt about the Company's ability to continue as a going concern for the twelve months following the date these financial statements are issued.

Management intends to finance operations over the next twelve months through additional borrowings or through the consummation of a reverse triangular merger with an operating entity for the purpose of listing on a national exchange.

The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.

**Note 7. <u>Subsequent Events</u>**

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through February 4, 2026, the date that the financial statements were available to be issued. Based upon this review, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the financial statements.

## Exhibit 3.1

**Exhibit 3.1**

**ARTICLES OF INCORPORATION OF**

**JDEV ACQUISITION CORP.**

**ARTICLE ONE**

**Name of Corporation**

The name of the corporation is JDEV Acquisition Corp. (the "Corporation"}.

**ARTICLE TWO**

**Registered Agent and Registered Office.**

The name and address of the Corporation's registered agent in the State of Nevada are:

Vcorp Services, LLC

701 S. Carson Street, Suite 200

Carson City, Nevada 89701

The registered agent is a commercial registered agent as defined in NRS 77.090.

**ARTICLE THREE**

**Purpose.**

The Corporation may engage in any lawful act or activity for which corporations may be organized under the laws of the State of Nevada, including, without limitation, the transaction of any or all lawful business for which corporations may be incorporated pursuant to Chapter 78 of the Nevada Revised Statutes.

**ARTICLE FOUR**

**Authorized Capital Stock.**

A. Total Authorized Shares.

The total number of shares of capital stock that the Corporation is authorized to issue is 200,000,000 shares, consisting of: 200,000,000 shares of common stock, par value $0.0001 per share (the "Common Stock").

B. Common Stock.

Each share of Common Stock shall be entitled to one (I) vote on all matters submitted to a vote of the stockholders. Except as otherwise required by law or by these Articles of Incorporation, the holders of Common Stock shall vote together as a single class.

**ARTICLE FIVE**

**Directors.**

A. Number of Directors.

The number of directors constituting the Board of Directors shall be fixed from time to time by the bylaws of the Corporation, but shall not be less than one (1).

B. Election and Removal.

Directors need not be stockholders of the Corporation nor residents of the State of Nevada. The election and removal of directors shall be governed by the bylaws of the Corporation and applicable provisions of the Nevada Revised Statutes.

**ARTICLE SIX**

**Limitation of Liability; Indemnification.**

A. Limitation of Liability.

To the fullest extent permitted by the Nevada Revised Statutes as they presently exist or may hereafter be amended, a director or officer of the Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for breach of fiduciary duty as a director or officer.

B. Indemnification.

To the fullest extent permitted by the Nevada Revised Statutes as they presently exist or may hereafter be amended, the Corporation shall indemnify and hold harmless any person who is or was a director or officer of the Corporation, and may indemnify any person who is or was an employee or agent of the Corporation, against any and all expenses, liabilities and losses, reasonably incurred or suffered by such person by reason of the fact that such person is or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation in any such capacity for another corporation, partnership, joint venture, trust or other enterprise.

C. Non-Exclusivity.

The rights to indemnification and advancement of expenses set forth herein shall not be exclusive of any other rights which any person may have or hereafter acquire under any statute, agreement, vote of stockholders or disinterested directors, the bylaws of the Corporation, or otherwise.

**ARTICLE SEVEN**

**Amendment of Articles and Bylaws.**

A. Articles of Incorporation.

The Corporation reserves the right to amend, alter, change or repeal any provision contained in these Articles of Incorporation in the manner now or hereafter prescribed by statute, and all rights of stockholders herein are subject to this reservation.

B. Bylaws.

The Board of Directors is expressly authorized to make, alter, amend or repeal the bylaws of the Corporation, subject to any rights of the stockholders to adopt, amend or repeal the bylaws as set forth therein and under Nevada law.

**ARTICLE EIGHTH**

**Incorporator.**

The name and address of the incorporator are:

The Galleria

2 Bridge Avenue

Suite 241

Red Bank, NJ 07701

IN WITNESS WHEREOF, the undersigned incorporator has executed these Articles of Incorporation this 2 & 11 day of November 2025.

---

| |
|:---|
| /s/ Vincent LaBarbara |
| Vincent LaBarbara, Incorporator |

---

## Exhibit 3.2

**Exhibit 3.2**

**AMENDED AND RESTATED BYLAWS**

**OF**

**JDEV ACQUISITION CORP.** 

**(a Nevada corporation)**

ARTICLE I

OFFICES

Section 1.1 Principal Office.

The principal office of JDEV Acquisition Corp. (the "Corporation") shall be located at such place, within or outside the State of Nevada, as may be designated from time to time by the Board of Directors (the "Board").

Section 1.2 Other Offices.

The Corporation may have such other offices, within or outside the State of Nevada, as the Board may from time to time determine or the business of the Corporation may require.

ARTICLE II

MEETINGS OF STOCKHOLDERS

Section 2.1 Place of Meetings.

Meetings of the stockholders shall be held at such place, within or outside the State of Nevada, or solely by means of remote communication, as may be designated by the Board and stated in the notice of the meeting.

Section 2.2 Annual Meetings.

An annual meeting of stockholders shall be held each year on such date and at such time as may be designated by the Board, for the purpose of electing directors and transacting such other business as may properly come before the meeting.

Section 2.3 Special Meetings.

Special meetings of the stockholders may be called at any time by (a) the Board, (b) the Chair of the Board, or (c) the President or Chief Executive Officer. Except as otherwise required by law or the Articles of Incorporation of the Corporation (as amended or restated from time to time, the "Articles"), stockholders shall not have the right to demand a special meeting.

Section 2.4 Notice of Meetings.

Written notice of each meeting of stockholders shall be given to each stockholder entitled to vote thereat not less than ten (10) nor more than sixty (60) days before the date of the meeting. Such notice shall state the date, time and place of the meeting (or the means of remote communication, if any), and, in the case of a special meeting, the purpose or purposes for which the meeting is called. Only business within the purpose or purposes described in the notice may be conducted at a special meeting.

Section 2.5 Record Date.

The Board may fix in advance a record date for the determination of stockholders entitled to notice of, and to vote at, any meeting of stockholders, or to receive any dividend or other distribution, or for any other purpose. The record date shall not precede the date on which the resolution fixing the record date is adopted and, in the case of a meeting of stockholders, shall not be more than sixty (60) nor less than ten (10) days before the date of such meeting.

Section 2.6 Quorum.

Except as otherwise required by law, the Articles or these Bylaws, the holders of a majority of the voting power of the Corporation's capital stock issued and outstanding and entitled to vote, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders. If a quorum is not present or represented, the chair of the meeting or the stockholders present or represented by proxy may adjourn the meeting to another time or place, without further notice except as required by law.

Section 2.7 Voting.

Except as otherwise required by law, the Articles or these Bylaws, each stockholder shall be entitled to one vote for each share of capital stock held by such stockholder and entitled to vote. Unless otherwise required by law, the Articles or these Bylaws, (a) directors shall be elected by a plurality of the votes cast at any meeting of stockholders duly called and at which a quorum is present, and (b) any other matter shall be approved if the votes cast in favor of such matter exceed the votes cast against such matter.

Section 2.8 Proxies.

Each stockholder entitled to vote at a meeting of stockholders may authorize another person or persons to act for such stockholder by proxy. A proxy shall be in such form as may be approved by the Board or as otherwise permitted by law. No proxy shall be valid after six (6) months from the date of its execution unless otherwise provided in the proxy, but in no case shall a proxy remain in force for more than seven (7) years from its date.

Section 2.9 Conduct of Meetings.

The Chair of the Board, or in the Chair's absence, the Chief Executive Officer, or in the absence of both, such other person as the Board may designate, shall preside at meetings of stockholders.

The Secretary, or in the Secretary's absence, any person appointed by the chair of the meeting, shall act as secretary of the meeting. The chair shall determine the order of business and may prescribe rules and procedures for the conduct of the meeting as the chair deems appropriate.

Section 2.10 Inspectors of Election.

The Board may, in advance of any meeting of stockholders, appoint one or more inspectors to act at the meeting and make a written report thereof. The inspectors shall determine the number of shares outstanding and the voting power of each, the shares represented at the meeting, the existence of a quorum, the validity and effect of proxies, and shall receive votes and ballots, hear and determine challenges and questions arising in connection with the right to vote, count and tabulate all votes, determine the results, and perform such other acts as are proper to conduct the election or vote with fairness to all stockholders.

Section 2.11 Stockholder Action by Written Consent.

Unless otherwise provided in the Articles and to the fullest extent permitted by Nevada law, any action required or permitted to be taken at any annual or special meeting of stockholders may be taken without a meeting, without prior notice and without a vote, if a written consent setting forth the action so taken is signed by the holders of outstanding shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting.

Section 2.12 Advance Notice of Stockholder Business and Nominations.

(a) Annual Meetings. At an annual meeting of stockholders, only such business shall be conducted, and only such nominations of persons for election to the Board shall be made, as are properly brought before the meeting (i) pursuant to the Corporation's notice of meeting, (ii) by or at the direction of the Board, or (iii) by any stockholder of record who was a stockholder of record at the time the notice provided for in this Section 2.12 is delivered to the Secretary, who is entitled to vote at the meeting, and who complies with the notice procedures set forth in this Section 2.12.

(b) Timing of Notice. For nominations or other business to be properly brought before an annual meeting by a stockholder, the stockholder must have given timely notice thereof in proper written form to the Secretary. To be timely, a stockholder's notice must be delivered to or mailed and received at the principal executive offices of the Corporation not less than ninety (90) days nor more than one hundred twenty (120) days prior to the first anniversary of the date on which the Corporation first mailed its proxy statement for the immediately preceding year's annual meeting of stockholders; provided, however, that in the event the date of the annual meeting is more than thirty (30) days before or more than sixty (60) days after such anniversary date, to be timely the stockholder's notice must be received not earlier than the one hundred twentieth (120th) day prior to such annual meeting and not later than the later of (x) the ninetieth (90th) day prior to such annual meeting and (y) the tenth (10th) day following the day on which public disclosure of the date of such meeting is first made.

(c) Content of Notice. Such stockholder's notice shall set forth such information as may be required by applicable law and regulation and such additional information as the Board may reasonably require to determine the eligibility, independence and suitability of any proposed director nominee and the nature of any other proposed business. The Board or the chair of the meeting may refuse to acknowledge any nomination or business not made or brought in compliance with the procedures set forth in this Section 2.12.

ARTICLE III

BOARD OF DIRECTORS

Section 3.1 Powers.

The business and affairs of the Corporation shall be managed by or under the direction of the Board, which may exercise all powers of the Corporation and perform all lawful acts that are not by law, the Articles or these Bylaws directed or required to be exercised or performed by the stockholders.

Section 3.2 Number, Election and Term.

The number of directors shall be fixed from time to time exclusively by resolution of the Board, but shall not be less than one (1). Each director shall hold office until the next annual meeting of stockholders and until such director's successor shall have been duly elected and qualified, or until such director's earlier death, resignation or removal, subject to any provisions in the Articles providing for a classified or staggered Board.

Section 3.3 Vacancies and Newly Created Directorships.

Vacancies and newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the remaining directors, though less than a quorum, or by a sole remaining director, and each director so chosen shall hold office until the next annual meeting of stockholders and until such director's successor is duly elected and qualified, or until such director's earlier death, resignation or removal.

Section 3.4 Resignation and Removal.

Any director may resign at any time upon written notice to the Corporation. Subject to the Articles and applicable law, any director or the entire Board may be removed, with or without cause, at any time by the affirmative vote of the holders of at least a majority of the voting power of the Corporation's capital stock then entitled to vote at an election of directors.

Section 3.5 Regular and Special Meetings.

Regular meetings of the Board may be held at such times and places as may be determined by the Board. Special meetings of the Board may be called by the Chair of the Board, the Chief Executive Officer, or any two directors, on at least twenty-four (24) hours' notice to each director, given in person, by telephone, by electronic transmission or by other means of communication. Notice of a meeting need not state the purpose thereof.

Section 3.6 Quorum and Voting.

A majority of the total number of directors shall constitute a quorum for the transaction of business. The act of a majority of the directors present at any meeting at which there is a quorum shall be the act of the Board, unless a greater number is required by law, the Articles or these Bylaws. If a quorum shall not be present at any meeting of the Board, the directors present thereat may adjourn the meeting to another time and place without further notice, other than announcement at the meeting, until a quorum shall be present.

Section 3.7 Participation by Remote Communication.

Members of the Board or any committee thereof may participate in a meeting by means of conference telephone or other communications equipment by which all persons participating in the meeting can hear each other, and such participation shall constitute presence in person at such meeting.

Section 3.8 Action by Written Consent.

Unless otherwise restricted by the Articles or these Bylaws, any action required or permitted to be taken at any meeting of the Board or any committee thereof may be taken without a meeting if all members of the Board or such committee consent thereto in writing or by electronic transmission, and such writing or writings or electronic transmissions are filed with the minutes of proceedings of the Board or committee.

Section 3.9 Committees.

The Board may, by resolution adopted by a majority of the whole Board, designate one or more committees, including, without limitation, an Audit Committee, a Compensation Committee and a Nominating and Corporate Governance Committee, each consisting of one or more directors. Any such committee, to the extent provided in the resolution of the Board and not inconsistent with law, shall have and may exercise the powers of the Board in the management of the business and affairs of the Corporation. The Board may designate one or more directors as alternate members of any committee to replace any absent or disqualified member at any meeting of the committee.

Section 3.10 Compensation of Directors.

Unless otherwise restricted by the Articles or these Bylaws, the Board shall have authority to fix the compensation of directors, including cash retainers, equity awards and reimbursement of expenses.

ARTICLE IV

OFFICERS

Section 4.1 Officers.

The officers of the Corporation shall be elected by the Board and shall include a Chief Executive Officer (who may also be designated as the President), a Secretary and a Treasurer (who may also be designated as the Chief Financial Officer). The Board may also elect one or more Vice Presidents, Assistant Secretaries, Assistant Treasurers and such other officers as the Board deems necessary or appropriate.

Section 4.2 Term of Office; Removal.

Each officer shall hold office until such officer's successor is chosen and qualified or until such officer's earlier death, resignation or removal. Any officer may be removed at any time, with or without cause, by the Board. Any vacancy occurring in any office of the Corporation may be filled by the Board.

Section 4.3 Duties of Officers.

The officers of the Corporation shall have such powers and duties as generally pertain to their respective offices, as well as such powers and duties as from time to time may be conferred by the Board or these Bylaws.

Section 4.4 Delegation of Authority.

The Board may from time to time delegate the powers or duties of any officer to any other officer, director or person, for such period of time and upon such terms as the Board may determine.

ARTICLE V

STOCK

Section 5.1 Certificates and Uncertificated Shares.

Shares of the Corporation's stock may be certificated or uncertificated, as determined by the Board. Certificates representing shares of stock shall be in such form as may be approved by the Board and shall be signed by any two authorized officers of the Corporation. The signatures of such officers upon a certificate may be facsimiles.

Section 5.2 Transfer of Shares.

Shares of stock of the Corporation shall be transferable on the books of the Corporation by the holder thereof in person or by such holder's duly authorized attorney or agent, upon surrender to the Corporation or its transfer agent of the certificate, if any, representing such shares, duly endorsed or accompanied by proper evidence of succession, assignment or authority to transfer, or upon compliance with appropriate procedures for uncertificated shares.

Section 5.3 Lost, Stolen or Destroyed Certificates.

The Corporation may issue a new certificate or uncertificated shares in place of any certificate theretofore issued by it that is alleged to have been lost, stolen or destroyed, upon such terms and conditions as the Board may prescribe, including, in the Board's discretion, the requirement of a bond.

Section 5.4 Record Owners.

The Corporation shall be entitled to recognize the exclusive right of a person registered on its books as the owner of shares to receive dividends and to vote as such owner, and to hold such person liable for calls and assessments, and shall not be bound to recognize any equitable or other claim to or interest in such shares on the part of any other person.

ARTICLE VI

INDEMNIFICATION AND ADVANCEMENT

Section 6.1 Indemnification.

To the fullest extent permitted by the Nevada Revised Statutes as they may be amended from time to time, the Corporation shall indemnify any person who is or was a director or officer of the Corporation, and may indemnify any person who is or was an employee or agent of the Corporation, against any and all expenses, liabilities and losses reasonably incurred or suffered by such person by reason of the fact that such person is or was a director, officer, employee or agent of the Corporation or is or was serving at the request of the Corporation in such capacity for another corporation, partnership, joint venture, trust or other enterprise.

Section 6.2 Advancement of Expenses.

To the fullest extent permitted by law, expenses (including attorneys' fees) incurred by a director or officer in defending any civil, criminal, administrative or investigative action, suit or proceeding shall be paid by the Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the Corporation.

Section 6.3 Non-Exclusivity.

The rights to indemnification and advancement of expenses provided in this Article VI shall not be exclusive of any other rights which any person may have or hereafter acquire under any statute, the Articles, any agreement, vote of stockholders or disinterested directors, or otherwise.

Section 6.4 Insurance.

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 in any such capacity for another enterprise, against any liability asserted against such person and incurred by such person in any such capacity, whether or not the Corporation would have the power to indemnify such person against such liability under the provisions of this Article VI or applicable law.

ARTICLE VII

NOTICES

Section 7.1 Manner of Notice.

Whenever notice is required to be given by law, the Articles or these Bylaws, such notice may be given in writing by mail, by courier, by facsimile, by electronic mail or by other form of electronic transmission, to the address or contact information of the recipient as it appears on the records of the Corporation.

Section 7.2 Waiver of Notice.

Whenever any notice is required to be given, a written waiver thereof signed by the person entitled to notice, or a waiver by electronic transmission by such person, whether given before or after the time stated therein, shall be deemed equivalent to such notice. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except where the person attends for the express purpose of objecting to the transaction of business because the meeting is not lawfully called or convened.

ARTICLE VIII

GENERAL PROVISIONS

Section 8.1 Corporate Seal.

The Board may adopt a corporate seal, which shall be in such form as the Board may determine. The absence of a seal shall not affect the validity of any instrument executed on behalf of the Corporation.

Section 8.2 Fiscal Year.

The fiscal year of the Corporation shall end on December 31 of each year, unless otherwise fixed by resolution of the Board.

Section 8.3 Dividends.

Subject to applicable law and the Articles, dividends upon the Corporation's capital stock may be declared by the Board and may be paid in cash, in property or in shares of the Corporation's capital stock, at such times and in such amounts as the Board shall deem advisable.

Section 8.4 Checks and Drafts.

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 officer or officers, or such other person or persons, as the Board may from time to time designate.

Section 8.5 Execution of Instruments.

All deeds, mortgages, bonds, contracts and other instruments shall be executed on behalf of the Corporation by such officer or officers, or such other person or persons, as the Board may from time to time authorize.

ARTICLE IX

FORUM SELECTION

Section 9.1 Exclusive Forum.

Unless the Corporation consents in writing to the selection of an alternative forum, the state courts located within the State of Nevada (and, if no state court located within the State of Nevada has jurisdiction, the federal district court for the District of Nevada) shall, to the fullest extent permitted by law, be the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Corporation, (b) any action asserting a claim of breach of fiduciary duty owed by any director, officer, employee or agent of the Corporation to the Corporation or its stockholders, (c) any action asserting a claim arising pursuant to any provision of the Nevada Revised Statutes or the Articles or these Bylaws, or (d) any action asserting a claim governed by the internal affairs doctrine.

Actions arising under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, shall not be governed by this provision.

ARTICLE X

AMENDMENTS

Section 10.1 Amendments by the Board.

Subject to the Articles and applicable law, these Bylaws may be altered, amended or repealed, or new bylaws may be adopted, by the affirmative vote of a majority of the Board.

Section 10.2 Amendments by Stockholders.

Subject to the Articles and applicable law, these Bylaws may also be altered, amended or repealed, or new bylaws may be adopted, by the affirmative vote of the holders of a majority of the voting power of the Corporation's capital stock issued and outstanding and entitled to vote thereon.

CERTIFICATION

I, the undersigned, Chief Executive Officer of JDEV Acquisition Corp., hereby certify that the foregoing Amended and Restated Bylaws were duly adopted as the Bylaws of the Corporation by the Board of Directors on March 9, 2026, and that the same are now in full force and effect.

Dated: March 9, 2026

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| |
|:---|
| /s/ Vincent LaBarbara |
| Vincent LaBarbara |
| Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**PROMISSORY NOTE**

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| | |
|:---|:---|
| **December 10, 2025** | **$5000** |

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**FOR VALUE RECEIVED, JDEV ACQUISITION CORP.**, a corporation incorporated and existing under the laws of the State of Nevada (the "Borrower"), hereby promises to pay to the order of Holder, or its successors or assigns (the "Holder"), the principal amount of Five Thousand and No/100 United States Dollars (US$5,000) on such date as the common stock of the Borrower is listed for trading on a nationally recognized exchange in the United States (the date such demand is made to the Borrower in writing, the "Maturity Date"), and to pay interest on the unpaid principal balance hereof at the rate of five percent (5%) per annum commencing on the date hereof (the "Issuance Date"), in accordance with the terms hereof. This Promissory Note, as may be amended or supplemented from time to time, shall be referred to herein as the "Note".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Payments of Principal and Interest</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Payment of Principal</u>. The principal amount of this Note shall be paid to the Holder on the Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Payment of Interest</u>. Interest on the unpaid principal balance of this Note shall accrue at a rate of five percent (5%) per annum commencing on the Issuance Date. Interest shall be computed on the basis of a 360-day year and paid for the actual number of days elapsed. Interest shall be paid on the Maturity Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Payment of Default Interest</u>. Any amount of principal or interest on this Note which is not paid when due shall bear interest until such past due amount is paid at the highest non-usurious rate allowable per applicable law (the "Default Rate").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>General Payment Provisions</u>. All payments of principal and interest on this Note shall be made in lawful money of the United States of America by certified bank check or wire transfer to such account as the Holder may designate by written notice to the Borrower in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding Business Day. For purposes of this Note, "Business Day" shall mean any day other than a Saturday, Sunday or a day on which commercial banks in the State of New York are authorized or required by law or executive order to remain closed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Optional Prepayment</u>. At any time, upon receiving the written consent of the Holder, the Borrower may pre-pay this Note without penalty and, upon such prepayment in full, the Holder shall have no further rights under this Note, including no rights of conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Defaults and Remedies</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Events of Default</u>. An "Event of Default" means: (i) a default for five (5) days in payment of principal or interest on this Note; (ii) failure by the Borrower to comply with any material provision of this Note; (iii) the Borrower, pursuant to or within the meaning of any Bankruptcy Law (as defined herein): (A) commences a voluntary case; (B) consents to the entry of an order for relief against it in an involuntary case; (C) consents to the appointment of a Custodian (as defined herein) of it or for all or substantially all of its property; (D) makes a general assignment for the benefit of its creditors; or (E) admits in writing that it is generally unable to pay its debts as the same become due; or (iv) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: (A) is for relief against the Borrower in an involuntary case; (B) appoints a Custodian of the Borrower for all or substantially all of its property; or (C) orders the liquidation of the Borrower, and the order or decree remains unstayed and in effect for sixty (60) days. "Bankruptcy Law" means Title 11, U.S. Code, or any similar Federal or state law for the relief of debtors. The term "Custodian" means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Remedies</u>. If an Event of Default occurs and is continuing, the Holder, may declare all of this Note to be due and payable immediately. The Holder, shall have all rights available to it at law or in equity. Upon the occurrence of an Event of Default, the interest on this Note shall immediately accrue at the Default Rate. The Holder, may assess reasonable attorneys' fees, paralegals' fees and costs and expenses incurred or anticipated by the Holder in collecting or enforcing payment hereof (whether such fees, costs or expenses are incurred in negotiations, all trial and appellate levels, administrative proceedings, bankruptcy proceedings or otherwise), and together with all other sums due by the Borrower hereunder, all without any relief whatsoever from any valuation or appraisement laws, and payment thereof may be enforced and recovered in whole or in part at any time by one or more of the remedies provided to the Holder at law, in equity, or under this Note. In connection with the Holder's rights hereunder upon an Event of Default, the Holder need not provide, and the Borrower hereby waives, any presentment, demand, protest or other notice of any kind, and the Holder, may immediately enforce any and all of its rights and remedies hereunder and all other remedies available to it in equity or under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Lost or Stolen Note</u>. Upon notice to the Borrower of the loss, theft, destruction or mutilation of this Note, and, in the case of loss, theft or destruction, of an indemnification undertaking by the Holder to the Borrower in a form reasonably acceptable to the Borrower and, in the case of mutilation, upon surrender and cancellation of the Note, the Borrower shall execute and deliver a new Note of like tenor and date and in substantially the same form as this Note; *provided, however*, the Borrower shall not be obligated to re-issue a Note if the Holder contemporaneously requests the Borrower to convert such remaining principal amount and interest into Common Stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Cancellation</u>. After all principal and accrued interest at any time owed on this Note has been paid in full, this Note shall automatically be deemed canceled, shall be surrendered to the Borrower for cancellation and shall not be re-issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Waiver of Notice.</u> To the extent permitted by law, the Borrower hereby waives demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Governing Law</u>. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the laws of the State of Nevada, without giving effect to provisions thereof regarding conflict of laws. Each party hereto hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts sitting in Nevada for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereto hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by sending by certified mail or overnight courier a copy thereof to such party at the address indicated in the preamble hereto and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. **EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Indemnity and Expenses</u>. The Borrower agrees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To indemnify and hold harmless the Holder and each of its partners, employees, agent and affiliates from and against any and all claims, damages, demands, losses, obligations, judgments and liabilities (including, without limitation, attorneys' fees and expenses) in any way arising out of or in connection with this Note; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To pay and reimburse the Holder upon demand for all costs and expenses (including, without limitation, attorneys' fees and expenses) that the Holder may reasonably incur in connection with (i) the exercise or enforcement of any rights or remedies (including, but not limited to, collection) granted hereunder or otherwise available to it (whether at law, in equity or otherwise), or (ii) the failure by the Borrower to perform or observe any of the provisions hereof. The provisions of this Section shall survive the execution and delivery of this Note, the repayment of any or all of the principal or interest owed pursuant hereto, and the termination of this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Remedies, Characterizations, Other Obligations, Breaches and Injunctive Relief</u>. The remedies provided in this Note shall be cumulative and in addition to all other remedies available under this Note, at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Specific Shall Not Limit General; Construction</u>. No specific provision contained in this Note shall limit or modify any more general provision contained herein. This Note shall be deemed to be jointly drafted by the Borrower and the Holder and shall not be construed against any person as the drafter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Failure or Indulgence Not Waiver</u>. No failure or delay on the part of this Note in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Notice</u>. Notice shall be given to each party at the address indicated in the preamble or at such other address as provided to the other party in writing.

*[signature page follows]*

 

**IN WITNESS WHEREOF,** the parties have caused this Note to be executed on and as of the Issuance Date.

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| | |
|:---|:---|
| **BORROWER:** | **BORROWER:** |
| **JDEV ACQUISITION CORP.** | **JDEV ACQUISITION CORP.** |
| By: |  |
| Name: | Vincent LaBarbara |
| Title: | Chief Executive Officer |
| **HOLDER:** | **HOLDER:** |
| By: |  |
| Name: |  |

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*[ signature page to Promissory Note ]*