CONVERTIBLE NOTE

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

CONVERTIBLE NOTE

NOTE 5 – CONVERTIBLE NOTE

On February 17, 2021 the Company (Palisades Venture Inc.) and Rechtman entered into a convertible note agreement with Mr. Robert Papiri in the amount of $24,000 and an interest rate of 8% per annum. $4,000 was the remaining balance from an older note Papiri provided and the remaining amount was to provide the Company the financial help to complete and pay for the costs associated with the S-1 registration. To date, Papiri has advanced $39,000 against this note. In the period ended June 30, 2025 and the year ended December 31, 2024, $0 and $22,500 were advanced respectively. The note was revised On March 1, 2023 with a maturity date of June 1, 2025 and an interest rate of 8% per annum. To date, no shares have been converted and a new addendum to the notes dated September 26, 2025 states that a new maturity date will be agreed once the stock is trading.

This note can convert to 2,500,000 shares of common stock of Palisades Venture, Inc. with conversion price of $0.0096 per share within 60 days following the filing of the S-1 registration. This note can be converted on October 12, 2024 which is 60 days following the effective date of the S-1. If Papiri elects not to convert , the loan is repayable over 18 months starting October 12, 2024, with minimum payments of $1,000 per month and a balloon at the end of the period. The interest rate on this note is at 8% per annum. Any balance of interest due at the time of conversion may also be converted under the same terms as the capital portion of the note.

CONVERTIBLE NOTE AND INTEREST 

Robert Papiri	Issuance Date	Date of Revision	Maturity date	Amount	Interest Rate
Details	February 17, 2021	March 1, 2023	June 1, 2025	$24,000	8%
Additional notes added with same terms				$15,000	8%

	Note		Interest
Balance as at December 31, 2023	$	16,500		4,604
Additions		6,500		–
Interest		–		868
Balance as at June 30, 2024		23,000	$	5,472
Additions		16,000		–
Interest		–		1,249
Balance as at December 31, 2024		39,000		6,721
Interest		–		1,560
Balance as at June 30, 2025	$	39,000	$	8,281

INTEREST EXPENSE 

	Robert Papiri		Corptech Holdings, Inc.		TOTAL
Six Months Ended June 30, 2025	$	1,560	$	15,000	$	16,560
Six Months Ended June 30, 2024	$	868	$	15,000	$	15,868