CONVERTIBLE NOTE

6 Months Ended

Jun. 30, 2026

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 $48,000 against this note. In the year ended December 31, 2025 and 2024 $5,000 and $15,000 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. The full schedule of notes is listed below. In April 2026 Mr. Papiri advanced an additional $4,000 with the same terms.

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. If Papiri does not convert, the loan is repaid over 18 months with minimum payments of $1,000 per month and a balloon at the end of the period. No payments are due until 60 days after the filing of the registration statement. The interest rate on this note is 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	February 17, 2023	$	24,000		8%
	July 7, 2024		N/A	January 8, 2025	$	5,000		8%
	October 7, 2024		N/A	October 7, 2025	$	10,000		8%
	September 11, 2025		N/A	September 11, 2026	$	5,000		8%
	April 13, 2026		N/A	April 13, 2027	$	4,000		8%

	Note		Interest
Balance as at December 31, 2024	$	39,000	$	6,721
Interest for 6 months ended June 30, 2025				1,560
Balance at June 30, 2025		39,000		8,281
Additions		5,000
Interest for 6 months ended December 31, 2025				1,660
Balance as at December 31, 2025	$	44,000	$	9,941
Additions-April 13		4,000
Interest for 6 months ended June 30, 2026				1,828
Balance As at June 30, 2026	$	48,000	$	11,769

INTEREST EXPENSE

	Robert Papiri		Corptech Holdings, Inc.		TOTAL
Six Months Ended June 30, 2026	$	1,828	$	15,000	$	16,828
Six Months Ended June 30, 2025	$	1,560	$	15,000	$	16,560