NOTE

–

LOANS PAYABLE

Loans payable consist of the following at:

	March 31, 2021		December 31, 2020
Loan payable to Global Holdings International, LLC, which bears interest at 15% per annum after defaulting on the maturity date of June 30, 2016. This note was previously secured by equipment that the Company disposed of on August 1, 2020.	$	75,000	$	75,000

Mortgage payable in default to ARG & Pals, Inc., for the original amount of CAD 385,000. The mortgage bears interest at 22% per annum, is unsecured, and matured on November 21, 2018.		306,152		302,379

Loan payable to an individual, issued January 17, 2018 with a 30-day maturity, bearing share interest of 2,000 common shares per 30-day period. This is an unsecured loan which matures on May 16, 2021.		50,000		50,000

Loan payable to an individual, issued April 13, 2018, with a 30-day maturity, bearing share interest of 4,000 common shares per 30-day period. This is an unsecured loan which matures on May 16, 2021.		100,000		100,000

Total loans payable (all current)	$	531,152	$	527,379

During each of the

three

-month periods ended

March 31, 2021

and

2020,

18,000

common shares were issued to individuals in connection with interest terms of the above loans made to CEN. Accordingly, during the

three

-month periods ended

March 31, 2021

and

2020,

$24,840

and

$12,960

in interest expense and additional paid-in capital was recorded, respectively.