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CONVERTIBLE NOTES
9 Months Ended
Feb. 28, 2026
Convertible Notes  
CONVERTIBLE NOTES

NOTE 5 - CONVERTIBLE NOTES

 

During the period from June 1, 2025, through February 28, 2026, the Company issued and sold to eleven convertible notes to private investors as follows:

 

1. 7/09/2025 in the principal amount of $200,000;

2. 8/06/2025 in the principal amount of $100,000;

3. 7/22/2025 in the principal amount of $25,000;

4. 7/29/2025 in the principal amount of $10,000;

5. 9/5/2025 in the principal amount of $100,000;

6. 9/15/2025 in the principal amount of $50,000;

7. 10/6/2025 in the principal amount of $10,000;

8. 10/10/2025 in the principal amount of $50,000;

9. 10/29/2025 in the principal amount of $250,000;

10. 11/14/2025 in the principal amount of $25,000; and

11. 12/09/2025 in the principal amount of $100,000.

 

The Company agreed to issue to each of these investors as inducement restricted shares of the Company’s common stock resulting in the issuance of 6,890,000   shares of common stock. The discount arose from the warrants being issued in conjunction with the debt, with the value being amortized over the term of the debt. These notes are convertible beginning 180 days after issuance at a fixed conversion price of $0.50 per share. None of the notes were converted at the period ended February 28, 2026, or the year ended May 31, 2025.

 

The Total of Convertible Notes was $1,285,000 and $650,000 at February 28 ,2026, and May 31, 2025, respectively.

 

The Convertible Notes bear interest at 10% per annum, are due nine (9) months from the Issue Date and are convertible into shares of common stock at a conversion price of $0.50 per share.

 

The Company recorded interest expense of $36,704 and $0 for the three months ending February 28, 2026, and February 28, 2025, respectively.