There can be no guarantee that commercially reasonable terms will agreed upon. As of June 30, 2022, the counterparties had not demanded repayment of the promissory notes. | The promissory notes due to Zhanming Wu ($500,000) and the Company’s CEO, Mark White ($500,000), both considered related parties, including accrued interest of 7% per annum from issuance, were due for repayment on August 31, 2019. Such payments were not made and the parties are in negotiations to extend the maturity dates of the promissory notes. There can be no guarantee that commercially reasonable terms will agreed upon. As of June 30, 2022, the counterparties had not demanded repayment of the promissory notes. Convertible Loans Payable Lender General terms Amount due Amount due at 1 Bespoke Growth Partners Convertible Note #2 In November 2019, the Company issued a convertible promissory note in the original principal amount of $ 300,000 May 21, 2020 20 175,000 10,855,047 54,275 $208,225 $208,225 2 Geneva Roth Remark Holdings, Inc. Note #8 On June 24, 2021, the Company issued a convertible promissory note in the principal amount of $ 85,000 The balance owing was repaid in full by cash on January 3, 2022. $— $85,000 3 Geneva Roth Remark Holdings, Inc. Note #9 On August 3, 2021, the Company issued a convertible promissory note in the principal amount of $ 68,500 The balance owing was repaid in full by cash on February 3, 2022. $— $68,500 4 Geneva Roth Remark Holdings, Inc. Note #10 On August 11, 2021, the Company issued a convertible promissory note in the principal amount of $ 103,000 The note is due August 11, 2022 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35% of the lowest trading price in the last 15 trading days. The balance owing was repaid in full by cash on February 8, 2022. $— $103,000 5 Geneva Roth Remark Holdings, Inc. Note #11 On September 10, 2021, the Company issued a convertible promissory note in the principal amount of $ 55,000 The note is due September 10, 2022 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35% of the lowest trading price in the last 15 trading days. The balance owing was repaid in full by cash on March 15, 2022. $— $55,000 6 Geneva Roth Remark Holdings, Inc. Note #12 On October 1, 2021, the Company issued a convertible promissory note in the principal amount of $ 88,000 The note is due October 1, 2022 and has an interest rate of 10% per annum. The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a discount of 35% of the lowest trading price in the last 15 trading days. The balance owing was repaid in full on April 1, 2022. $— $88,000 7 Quick Capital, LLC Loan #2 On December 10, 2021, the Company issued a convertible promissory note in the principal amount of $ 200,000 10 The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a fixed price of $0.0125 per share of common stock. On December 10, 2021 the Company issued 3,111,111 shares of common stock and 6,500,000 warrants, convertible into 6,500,000 shares of common stock at $0.02 per share, as loan commitment fees. The balance outstanding as of June 30, 2022 is $200,000. $200,000 $200,000 8 SBA – PPP loan The Company has received an SBA PPP loan of $ 22,425 1 $9,940 $11,713 9 Glen Eagles Acquisition LP On August 10, 2021, the Company issued a convertible promissory note in the principal amount of $ 126,500 10 The promissory note is convertible, at the option of the holder, after 180 days into common shares of the Company at a fixed price of $0.0125 per share of common stock. During the year ended December 31, 2021 the Company issued 11,500,000 shares of common stock, with a fair value of $57,000 as a reduction of the promissory note. In addition, payments totaling $67,750 were made. The balance owing as of June 30, 2022 is $1,750. $1,750 $16,750 10 Glen Eagles Acquisition LP On February 7, 2022 the Company borrowed $ 75,000 On March 9, 2022 the Company borrowed $ 52,500 32,500 $— $— 11 Mast Hill Fund LLP On October 29, 2021, the Company issued a convertible promissory note in the principal amount of $ 810,000 10 The promissory note is convertible, at the option of the holder, into common shares of the Company at a fixed price of $0.0125 per share of common stock. On October 29, 2021 the Company issued 10,855.047 shares of common stock and 28,065,000 warrants, convertible into 28,065,000 shares of common stock at $0.02 per share, as loan commitment fees. The balance outstanding as of June 30, 2022 is $810,000. $810,000 $810,000 12 Mast Hill Fund LLP On March 29, 2022, the Company issued a convertible promissory note in the principal amount of $ 625,000 10 The promissory note is convertible, at the option of the holder, into common shares of the Company at a fixed price of $0.002 per share of common stock. On March 29, 2022 the Company issued 175,000,000 warrants, convertible into 175,000,000 shares of common stock at $0.002 per share until March 28, 2027, as loan commitment fees. The Company also issued 245,000,000 special warrants, convertible into 245,000,000 shares of common stock at $0.002 per share. These special warrants are only exercisable upon the event of a default of the note. $625,000 $— 13 Mast Hill Fund LLP On April 11, 2022, the Company issued a convertible promissory note in the principal amount of $ 275,000 10 The promissory note is convertible, at the option of the holder, into common shares of the Company at a fixed price of $0.002 per share of common stock. On April 11, 2022 the Company issued 75,000,000 warrants, convertible into 75,000,000 shares of common stock at $0.004 per share until April 11, 2027, as loan commitment fees. The Company also issued 105,000,000 special warrants, convertible into 105,000,000 shares of common stock at $0.002 per share. These special warrants are only exercisable upon the event of a default of the note 275,000 — 14 Mast Hill Fund LLP On June 7, 2022, the Company issued a convertible promissory note in the principal amount of $ 225,000 10 The promissory note is convertible, at the option of the holder, into common shares of the Company at a fixed price of $0.002 per share of common stock. On June 7, 2022 the Company issued 168,750,000 warrants, convertible into 168,750,000 shares of common stock at $0.0012 per share until March 28, 2027, as loan commitment fees. The Company also issued 262,500,000 special warrants, convertible into 262,500,000 shares of common stock at $0.0012 per share. These special warrants are only exercisable upon the event of a default of the note 225,000 — 15 Talos Victory Fund, LLC On November 3, 2021, the Company issued a convertible promissory note in the principal amount of $ 540,000 10 The promissory note is convertible, at the option of the holder, into common shares of the Company at a fixed price of $0.0125 per share of common stock. On November 3, 2021 the Company issued 10,144,953 shares of common stock and 15,810,000 warrants, convertible into 15,810,000 shares of common stock at $0.02 per share, as loan commitment fees. Repayments totaling $40,000 have been made. $500,000 $540,000 TOTAL Unamortized debt discount Notes payable, net of discounts $2,854,915 946,237 $1,908,678 $2,186,188 676,644 $1,509,544 |