PROMISSORY NOTE PAYABLE

6 Months Ended

Oct. 31, 2022

PROMISSORY NOTE PAYABLE

PROMISSORY NOTE PAYABLE

NOTE 8 - PROMISSORY NOTE PAYABLE

Promissory note payable at October 31, 2022 and April 30, 2022, consists of the following:

	October 31, 2022			April 30, 2022
June 2022	$	75,000		$	-
August 2022		137,500			-
September 2022		110,000			-
October 2022		302,500			-
Total promissory notes payable, gross		625,000			-
Less: Unamortized debt discount		(323,535	)		-
Total promissory notes	$	301,465		$	-

On June 7, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $75,000 Promissory Note for a purchase price of $74,000, convertible at 75% of the average closing price thirty (30) trading days immediately preceding the applicable Conversion Date on which the Holder elects to convert all or part of the note in the event of default. The Company received $75,000 proceed with $1,000 overpayment which will be returned to the noteholder. The Company has also issued 75,000 Restricted Common Shares to the investor as an inducement. The note matures 10 months from the issuance date and accrues interest at 10%. On June 7, 2022, the Company recorded total debt discount of $16,750 comprising original issue discount of $1,000 and discount from note inducement of $15,750. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $8,044 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $8,706. As of October 31, 2022, the promissory note was $66,294.

On August 17, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $55,000 Promissory Note for a purchase price of $50,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on July 17, 2023 and accrues interest at 10%. The Company has also issued 100,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $38,589 comprising original issue discount of $5,000 and discount from note inducement of $33,589. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $8,512 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $30,077. As of October 31, 2022, the promissory note was $24,923.

 On August 17, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued an $82,500 Promissory Note for a purchase price of $75,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on July 17, 2023 and accrues interest at 10%. The Company has also issued 150,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $57,884 comprising original issue discount of $7,500 and discount from note inducement of $50,384. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $12,768 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $45,115. As of October 31, 2022, the promissory note was $37,385.

On September 09, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $55,000 Promissory Note for a purchase price of $50,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on August 09, 2023, and accrues interest at 10%. The Company has also issued 100,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $38,589 comprising original issue discount of $5,000 and discount from note inducement of $33,589. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $6,008 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $32,581. As of October 31, 2022, the promissory note was $22,419.

On September 27, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $55,000 Promissory Note for a purchase price of $50,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on August 27, 2023, and accrues interest at 10%. The Company has also issued 100,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $38,589 comprising original issue discount of $5,000 and discount from note inducement of $33,589. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $3,928 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $34,661. As of October 31, 2022, the promissory note was $20,339.

On October 10, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $82,500 Promissory Note for a purchase price of $75,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on September 10, 2023, and accrues interest at 10%. The Company has also issued 150,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $57,884 comprising original issue discount of $7,500 and discount from note inducement of $50,384. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $3,618 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $54,266. As of October 31, 2022, the promissory note was $28,234.

On October 14, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $82,500 Promissory Note for a purchase price of $75,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on September 14, 2023, and accrues interest at 10%. The Company has also issued 150,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $57,884 comprising original issue discount of $7,500 and discount from note inducement of $50,384. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $2,939 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $45,115. As of October 31, 2022, the promissory note was $37,385.

On October 18, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $55,000 Promissory Note for a purchase price of $50,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on September 18, 2023, and accrues interest at 10%. The Company has also issued 100,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $26,293 comprising original issue discount of $5,000 and discount from note inducement of $21,293. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $1,020 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $25,273. As of October 31, 2022, the promissory note was $29,727.

On October 18, 2022, the Company entered into a Security Purchase Agreement with an investor pursuant to which the Company issued a $82,500 Promissory Note for a purchase price of $75,000, convertible at 25% of the average of the five (5) lowest Daily VWAP over the ten (10) consecutive VWAP Trading Days immediately preceding the date on which the Market Price is being determined, the Holder elects to convert all or part of the note in the event of default. The note matures on September 18, 2023, and accrues interest at 10%. The Company has also issued 150,000 Restricted Common Shares to the investor as an inducement. The Company recorded total debt discount of $39,440 comprising original issue discount of $7,500 and discount from note inducement of $31,940. During the six months ended October 31, 2022, the Company recorded amortization of debt discount of $1,530 reporting under interest expense in the statements of operations. As of October 31, 2022, the debt discount was $37,909. As of October 31, 2022, the promissory note was $44,591.

During the six months ended October 31, 2022 and 2021, the Company recorded interest expense of $8,542 and $0, respectively. As of October 31, 2022 and April 30, 2022, the accrued interest payable was $8,542 and 0, respectively.

As of October 31, 2022 and April 30, 2022, the promissory note payable was $301,465 and $0, net of debt discount of $323,535 and $0, respectively.