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 March 31, 2023 December 31, March 31, December 31, Westmount Holdings International, Ltd – loan date January 12, 2010 due on demand 14.00 % 14.00 % (1 ) $ 537,317 $ 537,317 $ 986,817 $ 968,268 Tangiers Investment Group, LLC – loan date March 9, 2013 and due date of March 9, 2014, in technical default 10.00 % 20.00 % (2 ) - - 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 % (2 ) 75,000 75,000 125,918 122,219 Tangiers Investment Group, LLC – due on demand 0.00 % 15.00 % $ 0.0006 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 % $ 0.0006 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 % $ 0.0006 30,910 30,910 18,445 18,445 Tangiers Investment Group, LLC – loan date July 19, 2021 and due date of July 19, 2022, in technical default 10.00 % 20.00 % $ 0.001 105,000 105,000 17,864 15,275 Tangiers Investment Group, LLC – loan date September 8, 2021 and due date of September 8, 2022, in technical default 10.00 % 20.00 % $ 0.001 105,000 105,000 16,368 13,779 Tangiers Investment Group, LLC – loan date March 21, 2022 and due date of March 21, 2023, in technical default 12.00 % 16.00 % $ 0.0002 55,000 55,000 6,781 5,153 Lloyd T. Spencer (the Company’s sole officer and director) – loan date March 7, 2022 and due date of March 7, 2023, in technical default 12.00 % 16.00 % $ 0.0002 31,300 66,000 7,699 6,488 Dakota Capital Pty, Ltd – loan date April 8, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (3 ) 200,000 200,000 251,386 244,482 Zoom Marketing – loan date August 23, 2013 and due date of January 23, 2014, in technical default 5.00 % 10.00 % (8 ) 65,000 65,000 63,921 62,319 Burrington Capital, LLC – loan date April 2, 2014 and due date of October 1, 2014, in technical default 10.00 % 15.00 % (12 ) 25,000 25,000 68,263 64,897 Patrick Ferro – loan date April 3, 2014 and due date of December 31, 2014, in technical default 14.00 % 14.00 % (13 ) 26,825 26,825 39,630 38,704 Barry Liben – loan date April 3, 2014 and due date of December 31, 2014, in technical default 0.00 % 0.00 % (13 ) 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 % (12 ) 20,000 20,000 47,295 44,867 Raphael Cariou – loan date August 3, 2012 and due date of February 3, 2013, in technical default 10.00 % 15.00 % (4 ) 7,000 7,000 25,433 25,227 Raphael Cariou – loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (4 ) 82,178 82,178 740,187 684,080 Raphael Cariou - loan date March 12, 2015 and due date of September 12, 2015, in technical default 24.00 % 29.00 % (4 ) 94,178 94,178 829,777 766,739 Redwood Management, LLC – loan date of March 21, 2011 and due date of March 18, 2013, in technical default 14.00 % 14.00 % (1 ) 123,936 123,936 174,959 170,680 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (9 ) 8,640 8,640 122,351 117,931 AGS Capital Group, LLC – loan date of February 25, 2013 and due date of February 25, 2014, in technical default 14.00 % 14.00 % (9 ) 42,000 42,000 129,214 123,437 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 50,000 146,263 144,414 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 50,000 146,263 144,414 Kelburgh, Ltd – loan date of February 12, 2012 and due date of March 22, 2012, in technical default 10.00 % 15.00 % (8 ) 13,000 13,000 54,810 52,363 Premier IT Solutions – loan date of October 5, 2011 and due date of March 5, 2012, in technical default 10.00 % 15.00 % (7 ) 21,962 21,962 97,298 92,994 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (11 ) 32,000 32,000 65,711 63,817 LG Capital Funding, LLC – loan date of January 7, 2015 and due date of January 7, 2016, in technical default 12.00 % 24.00 % (11 ) 20,625 20,625 38,264 37,044 LG Capital Funding, LLC – loan date of March 11, 2014 and due date of March 11, 2015, in technical default 12.00 % 24.00 % (11 ) 24,000 24,000 49,284 47,863 Barclay Lyons – loan date of January 28, 2011 and due date of July 28, 2011, in technical default 21.00 % 36.00 % (6 ) 10,750 10,750 46,308 45,354 Blackridge Capital, LLC – loan date of April 2, 2011 and due date of July 28, 2011, in technical default 10.00 % 15.00 % (7 ) 6,985 6,985 130,182 125,231 Blackridge Capital, LLC – loan date of February 21, 2014 and due date of September 21, 2014, in technical default 8.00 % 8.00 % (10 ) 5,000 5,000 5,109 4,912 Julian Herskowitz – loan date of July 8, 2003 and due date of January 8, 2004, in technical default 8.00 % 15.00 % (15 ) - - 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 % (12 ) - - 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 7,595 7,502 Richard Wynns - loan date July 26, 2010 and due date of December 31, 2011, in technical default 10.00 % 10.00 % (5 ) 93,997 93,997 119,821 117,472 MacRab LLC – loan date May 10, 2022 and due date of May 10, 2023 12.00 % 16.00 % $ 0.0002 33,056 33,056 3,532 2,554 BHP Capital NY Inc. - loan date July 14, 2022 and due date of July 14, 2023 12.00 % 12.00 % $ 0.0002 - 25,000 1,917 1,397 Quick Capital LLC - loan date July 14, 2022 and due date of July 14, 2023 12.00 % 12.00 % $ 0.0002 25,000 25,000 2,137 1,397 Quick Capital LLC - loan date November 1, 2022 and due date of November 1, 2023 12.00 % 16.00 % $ 0.0002 10,000 10,000 496 201 Robert Papiri Defined Benefit Plan - loan date July 15, 2022 and due date of July 15, 2023 12.00 % 12.00 % $ 0.0002 10,000 10,000 851 556 Robert Papiri Defined Benefit Plan - loan date November 16, 2022 and due date of November 16, 2023 12.00 % 16.00 % $ 0.0002 10,000 10,000 444 148 Robert Papiri Defined Benefit Plan - loan date December 11, 2022 and due date of December 11, 2023 12.00 % 16.00 % 0.0002 5,000 5,000 181 33 Robert Papiri Defined Contribution Plan - loan date July 15, 2022 and due date of July 15, 2023 12.00 % 16.00 % $ 0.0002 2,500 2,500 213 139 RPG Capital Partners, Inc - loan date July 15, 2022 and due date of July 15, 2023 12.00 % 16.00 % $ 0.0002 2,500 2,500 213 139 RPG Capital Partners, Inc - loan date August 4, 2022 and due date of August 4, 2023 12.00 % 16.00 % $ 0.0002 25,000 25,000 1,964 1,225 RPG Capital Partners, Inc - loan date September 12, 2022 and due date of September 12, 2023 12.00 % 16.00 % $ 0.0002 15,000 15,000 986 542 Total 2,217,959 2,277,659 4,680,036 4,471,583 Less debt discounts (53,430 ) (117,625 ) - - Net $ 2,164,529 $ 2,160,034 $ 4,680,036 $ 4,471,583 (1) Lesser of (a) $0.02 or (b) 85% of the lowest closing price during the 30-day trading period prior to conversion. (2) 50% of the lowest closing price during the 20-day trading period prior to conversion. (3) Lesser of (a) $0.02 or (b) 50% of the lowest volume weighted average price during the 30-day trading period prior to conversion. (4) 86.9565% of the average prices of the five trading days prior to the conversion date. (5) 75% of the average of the three lowest closing prices during the 10-day trading period prior to conversion. (6) 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. (7) Average of the five trading days prior to the applicable conversion date, with the number of conversion shares multiplied by 115%. (8) 85% of the average of the five trading days prior to the applicable conversion date. (9) 35% of the lowest closing price during the 20-day trading period prior to conversion. (10) 60% of the lowest closing price during the 30-day trading period prior to conversion (11) 50% of the lowest closing price during the 10-day trading period prior to, and including the date of, conversion (12) 60% of the lowest closing price during the 20-day trading period prior to conversion, or $0.01, whichever is lower. (13) 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) 65% of the lowest closing price during the 7-day trading period prior to conversion CARBONMETA TECHNOLOGIES, INC. NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS For the three months ended March 31, 2023 and 2022 (Unaudited) NOTE H – CONVERTIBLE DEBT, NET (continued) In the Company’s evaluation of each convertible debt instrument in accordance with FASB ASC 815, Derivatives and Hedging see NOTE L – DERIVATIVE LIABILITY 53,430 117,625 |