NOTE 5 – PROMISSORY NOTE -RELATED PARTY

Pursuant to license agreement dated August 1, 2025 (Note 4), the Company entered into a promissory note agreement for payment of up-front license fee of $4,900,000, with initial payment of $500,000 and quarterly payment balance starting October 1, 2025, for period of 18 months and interest bearing of 4.9% per annum. The accrued interest shall be paid in kind through the issuance of restricted common stock based on the average closing price over the fifteen (15) trading days preceding the payment date.

During the nine months ended April 30, 2026 and the year ended July 31, 2025, the Company repaid due of $355,500 and $639,645, respectively. During the nine months ended April 30, 2026, the Company recognized interest expenses of $144,325.

As of April 30, 2026, the Company has promissory note payable of $3,904,855 and accrued interest of $144,325