CONVERTIBLE DEBT, NET | NOTE H – CONVERTIBLE DEBT, NET Convertible debt, net, consists of: SCHEDULE OF CONVERTIBLE DEBT, NET Principal Balance at Accrued Interest Lender Interest Rate Default Rate Conversion Price June 30, 2022 December 31, June 30, December 31, Westmount Holdings International, Ltd – loan date January 12, 2010 due on demand 14.00 % 14.00 % (2 ) $ 537,317 $ 537,317 $ 930,347 $ 893,044 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (3 ) - - 891 891 Tangiers Investment Group, LLC – loan date March 27, 2014 and due date of March 27, 2015, in technical default 10.00 % 20.00 % (3 ) 75,000 75,000 114,657 107,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % (3 ) 47,000 47,000 62,892 62,892 Tangiers Investment Group, LLC – loan date October 11, 2016 and due date of October 20, 2017, in technical default 0.00 % 20.00 % 0.0001 10,000 10,000 6,663 6,663 Tangiers Investment Group, LLC – loan date January 30, 2017 and due date of January 30, 2018, in technical default 10.00 % 20.00 % 0.001 30,910 30,910 18,445 18,445 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022 10.00 % 20.00 % $ 0.001 105,000 105,000 9,982 4,775 Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022 10.00 % 20.00 % $ 0.001 105,000 105,000 8,486 3,279 Tangiers Investment Group, LLC – loan date March 21, 2022 and due date of March 21, 2023 12.00 % 16.00 % 0.0002 55,000 - 1,826 - Lloyd T. Spencer (the Company’s sole officer and director) – loan date March 7, 2022 and due date of March 7, 2023 12.00 % 16.00 % 0.0002 66,000 - 2,495 - Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (4 ) 200,000 200,000 230,367 216,482 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014, in technical default 5.00 % 10.00 % (9 ) 65,000 65,000 59,042 55,819 Burrington Capital, LLC – loan date April 2, 2014 and due date of October 1, 2014, in technical default 10.00 % 15.00 % (13 ) 25,000 25,000 58,389 52,447 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (14 ) 26,825 26,825 36,810 34,948 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014, in technical default 0.00 % 0.00 % (14 ) 52,800 52,800 - - Jared Robert – loan date December 10, 2014 and due date of June 10, 2015, in technical default 10.00 % 15.00 % (13 ) 20,000 20,000 40,171 35,883 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013, in technical default 10.00 % 15.00 % (5 ) 7,000 7,000 22,894 20,763 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (5 ) 82,178 82,178 581,024 493,167 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (5 ) 94,178 94,178 650,952 552,242 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013, in technical default 14.00 % 14.00 % (2 ) 123,936 123,936 161,933 153,329 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10 ) 8,640 8,640 109,355 101,485 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10 ) 42,000 42,000 112,227 101,941 Tim Burgess – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 140,633 136,914 Azriel Nagar – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 140,633 136,914 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012, in technical default 10.00 % 15.00 % (9 ) 13,000 13,000 47,631 43,311 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012, in technical default 10.00 % 15.00 % (8 ) 21,962 21,962 84,672 77,073 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (12 ) 32,000 32,000 59,946 56,137 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016, in technical default 12.00 % 24.00 % (12 ) 20,625 20,625 34,548 32,094 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (12 ) 24,000 24,000 44,960 42,103 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011 in technical default 21.00 % 36.00 % (7 ) 10,750 10,750 43,403 41,484 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011 in technical default 10.00 % 15.00 % (8 ) 6,985 6,985 115,660 106,920 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014 in technical default 8.00 % 8.00 % (11 ) 5,000 5,000 4,521 4,152 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004 in technical default 8.00 % 15.00 % (18 ) - - 16,287 16,287 Patrick Tuohy – loan date of April 1, 2014 and due date of December 31, 2014 in technical default 14.00 % 14.00 % (13 ) - - 153 153 Richard Wynns – loan date July 22, 2005 and due date of December 31, 2006, in technical default 5.00 % 5.00 % $ 0.15 7,500 7,500 7,313 7,127 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011, in technical default 10.00 % 10.00 % (6 ) 93,997 93,997 112,772 108,072 MacRab LLC – loan date May 10, 2022 and due date of May 10, 2023 12.00 % 16.00 % $ 0.0002 33,056 - 554 - Total 2,147,659 1,993,603 4,073,534 3,724,455 Less debt discounts (114,642 ) (6,178 ) - - Net $ 2,033,017 $ 1,987,425 $ 4,073,534 $ 3,724,455 CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2022 and 2021 (Unaudited) NOTE H – CONVERTIBLE DEBT, NET (continued) (1) n/a (2) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion. (3) 50% of the lowest closing price during the 20-day trading period prior to conversion. (4) Lesser of (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion. (5) 86.9565% of the average prices of the five trading days prior to the conversion date. (6) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (7) 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. (8) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (9) 85% of the average of the five trading days prior to the applicable conversion date. (10) 35% of the lowest closing price during the 20-day trading period prior to conversion. (11) 60% of the lowest closing price during the 30-day trading period prior to conversion (12) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (13) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (14) 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. (15) 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. (16) 50% of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (17) 85% of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (18) 65% of the lowest closing price during the 7-day trading period prior to conversion CARBONMETA TECHNOLOGIES, INC. AND SUBSIDIARIES Notes to the Condensed Consolidated Financial Statements For the three and six months ended June 30, 2022 and 2021 (Unaudited) | NOTE H – CONVERTIBLE DEBT, NET CONVERTIBLE DEBT, NET Convertible debt, net, consists of: SCHEDULE OF CONVERTIBLE DEBT, NET Interest Default Conversion Principal Balance at Accrued Interest Balance at December 31, Lender Rate Rate Price 2021 2020 2021 2020 YA Global Investments, LP - loan date February 5, 2016 and due date of April 30, 2016 , in technical default 6.00 % 18.00 % (1) $ - $ 2,715,990 $ - $ 2,298,634 Westmount Holdings International, Ltd - loan date January 12, 2010 due on demand 14.00 % 14.00 % (2) 537,317 537,317 893,044 817,819 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (3 ) - - 891 891 Tangiers Investment Group, LLC - loan date November 13, 2013 and due date of November 13, 2014 , in technical default 10.00 % 20.00 % (3) - 17,000 - 22,547 Tangiers Investment Group, LLC – loan date March 27, 2014 and due date of March 27, 2015 , in technical default 10.00 % 20.00 % (3) 75,000 75,000 107,219 92,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % (3) 47,000 72,000 62,892 61,264 Tangiers Investment Group, LLC – loan date October 11, 2016 and due date of October 20, 2017 , in technical default 0.00 % 20.00 % 0.0001 10,000 10,000 6,663 6,411 Tangiers Investment Group, LLC – loan date January 30, 2017 and due date of January 30, 2018 , in technical default 10.00 % 20.00 % 0.001 30,910 30,910 18,445 21,129 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022 10.00 % 20.00 % $ 0.001 105,000 - 4,775 - Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022 10.00 % 20.00 % $ 0.001 105,000 - 3,279 - Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014 , in technical default 14.00 % 14.00 % (4) 200,000 200,000 216,482 188,842 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014 , in technical default 5.00 % 10.00 % (9 ) 65,000 65,000 55,819 49,319 Burrington Capital, LLC – loan date April 2, 2014 and due date of October 1, 2014 , in technical default 10.00 % 15.00 % (13 ) 25,000 25,000 52,447 41,721 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014 , in technical default 14.00 % 14.00 % (14 ) 26,825 26,825 34,948 31,193 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014 , in technical default 0.00 % 0.00 % (14 ) 52,800 52,800 - - Jared Robert – loan date December 10, 2014 and due date of June 10, 2015 , in technical default 10.00 % 15.00 % (13 ) 20,000 20,000 35,883 28,144 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013 , in technical default 10.00 % 15.00 % (5) 7,000 7,000 20,763 16,918 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015 , in technical default 24.00 % 29.00 % (5) 82,178 82,178 493,167 349,820 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015 , in technical default 24.00 % 29.00 % (5) 94,178 94,178 552,242 391,187 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013 , in technical default 14.00 % 14.00 % (2) 123,936 123,936 153,329 135,978 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014 , in technical default 14.00 % 14.00 % (10) 8,640 8,640 101,485 87,176 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (10) 42,000 42,000 101,941 83,278 Tim Burgess – loan date of July 8, 2003 and due date of January 8, 2004 , in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 136,914 129,414 Azriel Nagar – loan date of July 8, 2003 and due date of January 8, 2004 , in technical default 8.00 % 15.00 % $ 1.00 50,000 50,000 136,914 129,414 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012 , in technical default 10.00 % 15.00 % (9 ) 13,000 13,000 43,311 35,512 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012 , in technical default 10.00 % 15.00 % (8 ) 21,962 21,962 77,073 63,358 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015 , in technical default 12.00 % 24.00 % (12 ) 32,000 32,000 56,137 48,457 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016 , in technical default 12.00 % 24.00 % (12 ) 20,625 20,625 32,094 27,144 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015 , in technical default 12.00 % 24.00 % (12 ) 24,000 24,000 42,103 36,343 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011 in technical default 21.00 % 36.00 % (7 ) 10,750 10,750 41,484 37,614 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011 in technical default 10.00 % 15.00 % (8 ) 6,985 6,985 106,920 94,596 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014 in technical default 8.00 % 8.00 % (11 ) 5,000 5,000 4,152 3,451 RBB Capital, LLC – loan date of June 2, 2011 and due date of June 1, 2012 in technical default 8.00 % 15.00 % (16 ) - 7,683 - 21,271 RBB Capital, LLC – loan date of June 29, 2011 and due date of June 29, 2012 in technical default 8.00 % 8.00 % (17 ) - 202 - 5,531 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004 in technical default 8.00 % 15.00 % (18 ) - - 16,287 16,287 Patrick Tuohy – loan date of April 1, 2014 and due date of December 31, 2014 in technical default 14.00 % 14.00 % (13 ) - - 153 153 Richard Wynns – loan date July 22, 2005 and due date of December 31, 2006 , in technical default 5.00 % 5.00 % $ 0.15 7,500 7,500 7,127 6,752 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011 , in technical default 10.00 % 10.00 % (6) 93,998 93,998 108,072 98,672 Total 1,993,603 4,549,479 3,724,455 5,474,608 Less debt discounts (6,178 ) - - - Net $ 1,987,425 $ 4,549,479 $ 3,724,455 $ 5,474,608 (1) Lesser of (a) $0.0003 or (b) 50% of the lowest closing price during the 20-day trading period prior to conversion . (2) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion . (3) 50% of the lowest closing price during the 20-day trading period prior to conversion. (4) Lesser of (a) $0.02 or (b) 50% of the lowest closing price during the 30-day trading period prior to conversion . (5) 86.9565% of the average prices of the five trading days prior to the conversion date. (6) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (7) 50% of the lesser of (i) the closing price on the day prior to conversion, or (ii) the volume-weighted-average closing price of the five-day trading period prior to conversion, though in no instance shall the conversion price be less than $0.0001. (8) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (9) 85% of the average of the five trading days prior to the applicable conversion date. (10) 35% of the lowest closing price during the 20-day trading period prior to conversion. (11) 60% of the lowest closing price during the 30-day trading period prior to conversion (12) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (13) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (14) 50% of the average of the three lowest closing prices during the 30-day trading period prior to conversion, or $0.02, whichever is lower, with the conversion rate being rounded to $0.0001 or whole share. (15) 45% of the lowest closing price during the 20-day trading period prior to, and including the date of, conversion. (16) 50% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (17) 85% of the of the average of the three lowest closing prices during the 20-day trading period prior to conversion. (18) 65% of the lowest closing price during the 7-day trading period prior to conversion On July 19, 2021, the Company entered into a Settlement Agreement with Y.A. Global Investments, LP (“YA Global”). Pursuant to the Settlement Agreement, the Company issued a total of 2,225,000,000 shares of its common stock to YA Global from September 24, 2021 to October 13, 2021 (see Note N) in full settlement of its then $ 5,192,492 ($ 2,715,910 principal plus $ 2,476,582 accrued interest) liability to YA Global. In the Company’s evaluation of each convertible debt instrument in accordance with FASB ASC 815, Derivatives and Hedging see NOTE L – DERIVATIVE LIABILITY 6,178 and $ 0 , respectively. |