Coretec Group Inc (CRTG)

[Testpilot]

Response from Meta AI:

The obligation you're referring to is a 10% Promissory Note with a principal amount of $2,500,000, due to be repaid starting July 15, 2024. The note was issued as part of a Credit Agreement between the Company and Diversified Alpha Fund (DAF) managed by Mollitium Investment Management.

Based on the information provided, the principal payment schedule is as follows:

- 2024: $476,075
- 2025: $870,000
- 2026: $139,542

Total principal payments due: $1,485,617

It appears that the note is part of a credit agreement between the Company and Diversified Alpha Fund (DAF), managed by Mollitium Investment Management, with Carlton James Global Management serving as a distributor. The agreement includes warrants to purchase 3,000,000 shares of common stock at an exercise price of $0.052 per share.

It's important to note that the funding of the Promissory Note is at the discretion of DAF and may differ from the planned schedule. Additionally, DAF has the right to elect to convert all or part of the Promissory Note into shares of the Company's common stock at a specified price.

Without further information about the "deal" you mentioned, it's unclear what will happen to this obligation at its close. If you have any additional context or details, I'd be happy to try and assist you further.