Metavesco Inc (MVCO)

[pennypauly]

On October 18, 2021, Waterside Capital Corporation (the “Company”) issued a promissory note in the principal amount of $100,000 (the “Note”) to Ryan Schadel, who is the Company’s Chief Executive Officer, sole director and majority stockholder of the Company. The principal amount due under the Note bears interest at the rate of 0.01% per annum. Any unpaid principal amount and any accrued interest is due on October 18, 2022; provided, however, that Mr. Schadel may demand payment of all or any portion of the outstanding principal amount of, and accrued interest under, the Note be paid at any time. The Note is unsecured and there is no prepayment penalty.