NOTE 4 – DIGITAL ASSET LOAN RECEIVABLE

The Company has entered into digital asset loan arrangements pursuant to which it has lent SUI tokens to third parties in exchange for stated fees payable in digital assets.

Under a digital asset loan arrangement entered into in September 2025 with Galaxy Digital LLC (“Galaxy Digital”), the Company lent SUI tokens under an evergreen facility that may be terminated with seven days’ notice at the Company’s election. The Company earns fees based on a stated annual rate, payable in SUI tokens. Repayment may be made either in kind or in cash equal to the fair value of the digital assets loaned.

In October 2025, the Company entered into a separate digital asset loan agreement with BlueFin Labs Inc. (“BlueFin”), pursuant to which the Company lent SUI tokens in exchange for fees based on a percentage of revenues generated by BlueFin’s decentralized exchange, payable in SUI tokens. This agreement has an initial term of three years and will automatically renew for successive three-year periods unless terminated in accordance with its terms. The loaned digital assets are required to be returned in kind at maturity or upon earlier termination.

Neither of the above-mentioned arrangements contain a collateral requirement.

Digital asset loan receivable activity for the three months ended March 31, 2026, is as follows.

Digital asset loan receivable are measured at fair value on a recurring basis in accordance with ASC 820, Fair Value Measurement, using quoted prices in active markets (Level 1 inputs).