Raadr Inc (RDAR)

[Bubae]

Possible that these Mexedia managers used proceeds from the regulation A offering to pay their performance bonus notes. Five notes issued to three individuals totaling $1,050,000 plus 8% interest originally written November 2024 and rewritten March 3rd with the added option "b" conversion language. These Mexedia managers have worked their one year plan and now have announced selling their Telvantis Voice Services, AKA Telvantis Florida, AKA Mexedia Inc. in the share exchange agreement. Taking their bonuses after the screwing you all is like giving the middle finger as they walk out the door. 😆


Restated performance notes 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.
h

For the period ending June 30, 2025
https://www.otcmarkets.com/file/company/financial-report/488048/content

Page 44 of the PDF
Note 6 - Related Party Transactions

for the year ended December 31, 2024.
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.