Note 3 – Loan payable due to Eagle - JV partner

July 17, 2020, the Company entered into a membership agreement with Eagle Equities LLC (“Eagle”) and Ikon Supplies (“Ikon”) to form a Nevada Limited Liability Company, HIE, LLC (“HIE”) for the purpose of procuring, funding the purchase of and sale of PPE (the “Membership Agreement”). Subject to the provision of the Membership Agreement, the interest in any net profits would be shared at 33.3% among each member. If there is a loss in some or all of the capital, the Company is contingently liable to contribute to repay 33.3% of the Origination Loan and Additional Contribution and of any losses of HIE.

In addition, the Company is obliged to repay one-third of the loan contributed by Eagle or one-third of the capital paid by Eagle according to the Membership Agreement.

HIE has not had any operating activities since July 2021. As a result, the Company’s investment balance in HIE as of March 31, 2026 was $0, and the loan balance payable to joint venture partner Eagle (the “Eagle Debt”) totaled $442,251, unchanged since fiscal year 2021.

On April 1, 2026, the Company entered into a settlement and release agreement with Eagle to settle the Eagle Debt for a sum of $44,000 plus 500,000 shares of Common Stock of the Company. Further detail presents on Note 9—Subsequent Events.