Raadr Inc (RDAR)

[Bubae]

That statement is an absolutely false. There were no metrics of performance or other requirements for the bonuses. Do a little work and read a filing. These Mexedia Managers paid themselves those performance bonuses in November 2024 with convertible notes issued shortly after taking control in October 2024. That is five convertible notes totaling $1,050,000 (principle amount) to three individuals. Those notes even have default terms even though those who hold those notes decide if they are converted before the one year maturity.

To show how dishonest these people are you will not find the performance bonuses in 2024 annual or the Q1 2025 financial reports. They were first reported in the original reg A offering circular filed November 2024 and rewritten and filed March 3rd with reg A amendment docs dump. The newly added provisions include a 180 day vesting period and convert at a 25% discount to market in addition to a provision to convert with the reg A offering. They essentially stripped the bonuses out to help reduce the original reg A offering filed in November from a $4.5 million offering priced at $0.003 to the current $1.5 million offering priced at $0.001. So more great news for the Mexedia shareholders since it will not be Mexedia stock that is diluted for Mexedia executive compensation. With the conversion language these people with realized much more than the $1 million face value of the notes. You can also bet that they will as usual be pumping the hell out of this story as while doing so.

Let’s be clear: they only get triggered if the company performs, you know, like growing revenues, hitting targets, and delivering shareholder value. But since you keep saying the company is trash, what are you even worried about?

SEC EDGAR Raadr Inc Filings Summary
https://www.sec.gov/edgar/browse/?CIK=1384365&owner=exclude

Amended Regulation A offering circular filed April 15, 2025
https://www.sec.gov/Archives/edgar/data/1384365/000113902025000061/rdar_253g1.htm

Officer Bonuses

In November 2024, the Company paid bonuses to its executive officers, as follows:

We issued a $50,000 principal amount convertible promissory note to our Chief Executive Officer, Daniel Contreras, in payment of a performance bonus, which convertible promissory note was amended and restated on February 17, 2025.

We issued a $300,000 principal amount convertible promissory note to our President, Orlando Taddeo, in payment of a performance bonus, which convertible promissory note was amended and restated on February 17, 2025.

We issued a $300,000 principal amount convertible promissory note to our President, Orlando Taddeo, in payment of a bonus associated with Mexedia DAC’s debt restructuring, which convertible promissory note was amended and restated on February 17, 2025.

We issued a $200,000 principal amount convertible promissory note to our Chief Financial Officer, Daniel Gilcher, in payment of a performance bonus (this note was issued in the name of Otus, LLC, a company owned by Mr. Gilcher), which convertible promissory note was amended and restated on February 17, 2025.

We issued a $200,000 principal amount convertible promissory note to our Chief Financial Officer, Daniel Gilcher, in payment of a bonus associated with Mexedia DAC’s debt restructuring (this note was issued in the name of Otus, LLC, a company owned by Mr. Gilcher), which convertible promissory note was amended and restated on February 17, 2025.

The rewritten performance bonuses filed March 03, 2025
https://www.sec.gov/Archives/edgar/data/1384365/000139390525000083/0001393905-25-000083-index.htm

Page 1 of each note

Conversion Right. The Holder shall have the right from time to time, and at any time during the period beginning on the earlier of (a) the day immediately following the SEC’s qualification of a Regulation A Offering under the Securities Act of 1933, as amended (the “Securities Act”), of the Borrower and (b) the date that is 180 days immediately following the Issue Date to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and non-assessable shares of Common Stock,...

Page 2 of each note

The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined herein) (representing a discount rate of 25%). “Market Price” means the closing price for the Common Stock on the trading day immediately preceding the date of any conversion.