NOTE 3. Treasury Lease and Custody Agreement

In July 2025, the Company entered into a Master Treasury Lease and Custody Agreement (“MTLCA”) with GGBR Inc. Under the agreement, GGBR leases from the Company up to 1,000,000 ION.au gold-backed digital assets in connection with GGBR’s issuance of tokenized digital assets. The arrangement supports GGBR’s digital treasury operations and proprietary tokenization platform. The Company’s fulfillment obligations may be satisfied using ION.au held directly by the Company or ION.au controlled under management agreements with third parties.

Pursuant to the MTLCA, the Company retains ownership and/or management control of the underlying ION.au digital assets throughout the lease term. Accordingly, the leased digital assets continue to be recognized by the Company, and GGBR does not record the leased ION.au as assets on its balance sheet. GGBR is responsible for the minting, issuance, and redemption of Goldfish Tokens and compensates the Company based on an agreed percentage of Goldfish Token sales generated under the arrangement.

Consideration under the MTLCA may be received in both cash and in-kind. Goldfish Tokens earned by the Company are immediately loaned back to GGBR for use in liquidity pools managed by GGBR. Because the Company does not have the ability to access or control the Goldfish Tokens until specified contractual conditions are satisfied, the Company does not recognize the Goldfish Tokens as intangible assets upon receipt. Instead, the Company recognizes a receivable representing its contractual right to receive the Goldfish Tokens in the future.

As of June 30, 2026 and December 31, 2025, the receivable related to Goldfish Tokens to be returned by GGBR was $28,637 and $27,137, respectively.