NOTES PAYABLE

6 Months Ended

Jul. 31, 2025

NOTES PAYABLE

NOTES PAYABLE

NOTE 6 – NOTES PAYABLE

Notes payable consist of the following loans:

	July 31, 2025		January 31, 2025
Notes 1 in fiscal year 2017 each due in three months from issuance date	$	14,930	$	14,930
Note 2 in fiscal year 2017 due in three months from issuance date		50,000		50,000
Notes 3 in fiscal year 2017, 2018 and 2019, each due in twelve months from issuance date		2,225,500		2,225,500
Notes 4 in fiscal year 2017, each due in nine months from issuance date		305,266		305,266
Note 5 in fiscal year 2019 due in nine months from issuance date		14,422		14,422
Note 6 in fiscal year 2021 due in 3 years from issuance date		350,000		350,000
Total	$	2,960,118	$	2,960,118

Interest expenses for the above notes recorded in the three and six months ended July 31, 2025 and 2024 is as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Interest expenses	$	6,209	$	6,209	$	12,217	$	12,284

Notes 1:

During the fiscal year ended January 31, 2017, the Company received an accumulated amount of $14,930 from a third party. The notes bear interest at a rate of 1% per annum, and each note was due three months from issue date.  As at July 31, 2025, the note remains unpaid and is in default.

Interest expenses recorded in the three and six months ended July 31, 2025, and 2024 is as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Interest expenses	$	37	$	37	$	73	$	74

	July 31, 2025		January 31, 2025
Interest payable	$	1,375	$	1,302
Note payable	$	14,930	$	14,930

Note 2:

During the fiscal year ended January 31, 2017, the Company received an amount of $50,000 from a third party. The note bears interest at a rate of 1% per annum and was due three months from issue date. As at July 31, 2025, the note became due and remains unpaid and is in default.

Interest expenses recorded in the three and six months ended July 31, 2025, and 2024 is as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Interest expenses	$	125	$	126	$	248	$	249

	July 31, 2025		January 31, 2025
Interest payable	$	4,377	$	4,129
Note payable	$	50,000	$	50,000

Notes 3:

During the fiscal year ended January 31, 2017, the Company received an amount of $225,000 from a third party. The note bears interest at a rate of 6% per annum and was due one year from issue date. During the fiscal year ended January 31, 2018, the Company received accumulated amounts of $1,842,500 from a third party. The notes bear interest at a rate of 6% per annum and each was due one year from issue date. During the fiscal year ended January 31, 2019, the Company received accumulated amounts of $1,420,500 from a third party. The notes bear interest at a rate of 6% per annum and each was due one year from issue date.

On March 28, 2018, this third party purchased an additional $250,000 in notes from Rountree Consulting, a company controlled by our CEO, Mr. Michael Rountree. The purchased notes bear interest at a rate of 1% per annum beginning on June 27, 2018, and were payable within thirty days’ notice of the Maturity Date.

During the fiscal year ended January 31, 2021, and 2020, the Company made cash payments of $5,000 and $7,500, respectively to the note.

On December 8, 2020, the Company cancelled One Million Five Hundred Thousand Dollars ($1,500,000) of debt owing on these notes under an order in the action captioned In re Eco Science Solutions, Inc. Shareholder Derivative Litigation Lead Civil No. 1:17-cv-00530-LEW. (Ref Note 13(1) - Contingencies).

On January 31, 2021, the Company and Note holder entered into a consolidation of the principal sums of prior notes (“Consolidated Note’) entered into between the dates of January 1, 2017, and January 31, 2021. This Consolidated Note is non-interest bearing and pursuant to a court order in the action captioned In re Eco Science Solutions, Inc. Shareholder Derivative Litigation Lead Civil No. 1:17-cv-00530-LEW no interest accrued on any prior notes shall be payable to the note holder. The term of this Consolidated Note was one year, and one day, and due on February 1, 2022. However, no payments shall be made toward this Note without approval from the Board of Directors. The Consolidated Note is currently in default.

	July 31, 2025		January 31, 2025
Note payable	$	2,225,500	$	2,225,500

Notes 4:

During the year ended January 31, 2019, the Company received $305,266 in total proceeds from a third party. The notes bear interest at a rate of 1% per annum and were each due nine months from issue date.  The notes remain unpaid and are in default.

Interest expenses recorded in the three and six months ended July 31, 2025, and 2024 is as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Interest expenses	$	717	$	716	$	1,410	$	1,417

	July 31, 2025		January 31, 2025
Interest payable	$	19,945	$	18,535
Note payable	$	305,266	$	305,266

Note 5:

On September 12, 2018, the Company received $14,422 from a third party. The notes bear interest at a rate of 1% per annum and were due nine months from issue date.  The notes remain unpaid and are in default.

Interest expenses recorded in the three and six months ended July 31, 2025, and 2024 is as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Interest expenses	$	36	$	36	$	71	$	72

	July 31, 2025		January 31, 2025
Interest payable	$	993	$	922
Note payable	$	14,422	$	14,422

Note 6:

On December 8, 2020, the Company entered into a Promissory Note in the amount of $350,000 with Robbins LLP, pursuant to the Order and Judgment in the settlement of a lawsuit entitled In re Eco Science Solutions, Inc. Shareholder Derivative Litigation Lead Civil No. 1:17-cv-00530-LEW-WRP (D. Haw.). The note bears interest at a rate of 6% per annum, and due in three years from issue date.   The note remains unpaid and is in default.

Interest expenses recorded in the three and six months ended July 31, 2025, and 2024 is as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
Interest expenses	$	5,294	$	5,293	$	10,415	$	10,471

	July 31, 2025		January 31, 2025
Interest payable	$	97,579	$	87,164
Note payable	$	350,000	$	350,000