On November 15, 2024, we issued a $300,000 principal amount convertible promissory note to our President, Orlando Taddeo, at 8% per annum, that is due on November 15, 2025, and is convertible at this holder’s election, into Conversion Shares. This convertible promissory note was issued in payment of a performance bonus.
(c) On November 15, 2024, we issued a $300,000 principal amount convertible promissory note to our President, Orlando Taddeo, at 8% per annum, that is due on November 15, 2025, and is convertible at this holder’s election, into Conversion Shares. This convertible promissory note was issued in payment of a performance bonus.
(d) On November 15, 2024, we issued a $200,000 principal amount convertible promissory note to Otus, LLC, a company owned by our Chief Financial Officer, Daniel Gilcher, at 8% per annum, that is due on November 15, 2025, and is convertible at this holder’s election, into Conversion Shares. This convertible promissory note was issued in payment of a performance bonus.
(e) On November 15, 2024, we issued a $200,000 principal amount convertible promissory note to Otus, LLC, a company owned by our Chief Financial Officer, Daniel Gilcher, at 8% per annum, that is due on November 15, 2025, and is convertible at this holder’s election, into Conversion Shares. This convertible promissory note was issued in payment of a performance bonus.
(f) On July 15, 2024, we issued a $60,000 principal amount convertible promissory note to Newlan Law Firm, PLLC at 8% per annum, that is due on July 15, 2025, and is convertible at this holder’s election, into Conversion Shares. This convertible promissory note was issued in payment of Legal Services.
(g) On July 15, 2024, we issued a $40,000 principal amount convertible promissory note to Newlan Law Firm, PLLC at 8% per annum, that is due on July 15, 2025, and is convertible at this holder’s election, into Conversion Shares. This convertible promissory note was issued in payment of Legal Services.
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