NOTE 4 — LOANS RECEIVABLE

Loans receivable consists of the following:

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During fiscal year 2025, the Company entered into short-term loan agreements with five unrelated third parties, in an aggregate principal amount of $9,999,811. Each loan bore interest at an annual rate of 8% and was secured by an irrevocable personal unlimited joint and several liability guarantee provided by the shareholders or chief executive officers of the respective borrowers. The loans were made to earn interest income on the net proceeds from the Company’s initial public offering (“IPO”) prior to their deployment for the purposes described in the Company’s prospectus (see Part II, Item 2 — Unregistered Sales of Equity Securities and Use of Proceeds).

During the six months ended May 31, 2026, the Company received principal repayments totaling $350,000, reducing the outstanding principal balance to $9,649,811 as of May 31, 2026. As of the issuance date of this report, the Company has received aggregate interest payments of $400,000 under the loan agreements.

Subsequent to May 31, 2026, the Company renewed the loan agreements, extending the maturity date of the remaining outstanding loans to November 30, 2026. Under extended terms, the loans bear interest at an annual rate of 5%.