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Re: andesbull post# 75435

Thursday, 09/24/2020 8:52:45 AM

Thursday, September 24, 2020 8:52:45 AM

Post# of 96660
Perhaps due to one of these?

(b) On April 17, 2020, the Company received a loan in the principal amount of CDN$40,000 under the Canada Emergency Business
Account program. The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid paid by December 31, 2022.
If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025.
(c) On April 21, 2020, the Company received a loan in the principal amount of CDN$40,000 under the Canada Emergency Business
Account program. The loan is non-interest bearing and eligible for CDN$10,000 forgiveness if repaid paid by December 31, 2022.
If not repaid by December 31, 2022, the loan bears interest at 5% per annum and is due on December 31, 2025.
(d) On May 21, 2020, the Company received a loan in the principal amount of $30,065 under the Paycheck Protection Program. The
loan bears interest at 1% per annum and is due on May 21, 2022 with payments deferred for the first six months of the term.
(e) On June 5, 2020, the Company received a loan in the principal amount of $150,000. The loan bears interest at 3.75% per annum
and is due on June 5, 2050. The loan is secured by all tangible and intangible assets of Company. Fixed payments of $731 are due
monthly and begin 12 months from the date of the loan.


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