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NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES
3 Months Ended
Mar. 31, 2022
NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES  
Note 6 - Notes Payable And Convertible Note Payables

NOTE 6 – NOTES PAYABLE AND CONVERTIBLE NOTE PAYABLES

 

As of March 31, 2022, and December 31, 2021, the Company had unamortized discount of $0 and $0 respectively.

The Company analyzed the below convertible notes for derivatives noting none.

 

Name

 

Note Date

 

Date

 

Rate

 

 

Rate

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related Party Notes Payable:

 

 

 

 

 

 

 

 

 

 

 

 

 

Willy A Saint-Hilaire

 

03/12/2021

 

03/12/2022

 

 

16%

 

$-

 

 

 

2,012

 

Willy A. Saint-Hilaire

 

02/28/2022

 

03/28/2022

 

 

0%

 

$-

 

 

 

4,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Related Party Convertible Notes Payable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Willy A Saint-Hilaire

 

04/06/2021

 

04/06/2022

 

 

12%

 

$-

 

 

 

2,500

 

Willy A Saint-Hilaire

 

04/16/2021

 

04/16/2022

 

 

12%

 

$-

 

 

 

1,518

 

Willy A Saint-Hilaire

 

04/21/2021

 

04/21/2022

 

 

12%

 

$-

 

 

 

1,110

 

Shahram Khial

 

04/22/2021

 

04/22/2022

 

 

12%

 

$-

 

 

 

3,500

 

Willy A Saint-Hilaire

 

04/30/2021

 

04/30/2022

 

 

15.15%

 

$-

 

 

 

2,750

 

Willy A Saint-Hilaire

 

05/04/2021

 

05/04/2022

 

 

15.15%

 

$-

 

 

 

750

 

Willy A Saint-Hilaire

 

05/21/2021

 

05/21/2022

 

 

0%

 

$-

 

 

 

4,900

 

Total Convertible Related Party Notes Payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17,028

 

Less: Debt Discount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0

 

Convertible Notes Payable, net of Discount - Related Party

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

Willy Ariel Saint-Hilaire

 

On March 12, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $9,332 at 16% interest. The company made principal reduction payments of $5,421, during the year ended period of December 31, 2021. As of March 31, 2022, the balance on this note is $2,012.

 

On April 6, 2021, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $2,500 at an interest rate of 12%. As of March 31, 2022, the principal balance on this note was $2,500.

 

On April 16, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,518 at an interest rate of 12%. As of March 31, 2022, the principal balance on this note was $1,518.

 

On April 21, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $1,109.83 at an interest rate of 12%. As of March 31, 2022, the principal balance on this note was $1,110.

 

On April 22, 2021, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500 at an interest rate of 12%. As of March 31, 2022, the principal balance on this note was $3,500.

 

On April 30, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $2,750.00 at an interest rate of 15.15%. As of March 31, 2022, the principal balance on this note was $2,750.

 

On May 4, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $750 at an interest rate of 15.15%. As of March 31, 2022, the principal balance on this note was $750.

 

On May 21, 2021, the Company entered into a convertible promissory note with Willy A Saint-Hilaire in the amount of $7,280. As of March 31, 2022, the principal balance on this note was $4,900.

 

On February 28, 2022, the Company entered into a promissory note with Willy A Saint-Hilaire in the amount of $4,500 at an interest rate of 0 %. As of March 31, 2022, the principal balance on this note was $4,500.

Shahram Khial

 

On April 27, 2020, the Company entered into a convertible promissory note with Shahram Khial in the amount of $3,500. The note carries interest at 12% per annum. The holder has the right to convert principal of the note and accrued interest into Common shares. As of March 31, 2022, the balance on this note was $3,500.