NOTE 17 – SUBSEQUENT EVENTS

On October 1, 2024, the Company’s subsidiary, Patriot Glass, entered into a Merchant Loan (the “October 2024 Merchant Loan”) with a lender in the principal amount of $75,000 and received net proceeds of $45,000, net of fees of $5,000 which will be reflected as a debt discount to be amortized into interest expense over the term of the note. The October 2024 Merchant Loan requires a weekly payment of principal and interest of $4,167 through February 2025.

On October 21, 2024, the Company received a notice default stating that the Company is now in default of its March 2024 Note, April 2024 Note and June 2024 Note with Diagonal (See Note 7) for non-payment of the October 2024 installment payment due. Demand was made for the immediate payment (as provided in these Notes) of a sum representing 220% of the remaining outstanding principal balances (in the aggregate, ($140,086 (March Note balance) + $99,056 (April Note balance) + $52,650 (June Note balance) * 2.2 = $641,942), together with accrued interest and Default Interest as provided for in the Notes. 

On October 21, 2024, the Company issued 5,305,040 shares of its common stock upon the conversion of $10,000 in principal balance of the March 2024 Note. The conversion price was based on contractual terms of the March 2024 Note.

On October 25, 2024, the Company issued 8,241,758 shares of its common stock upon the conversion of $15,000 in principal balance of the March 2024 Note. The conversion price was based on contractual terms of the March 2024 Note.

On October 31, 2024, the Company issued 8,391,608 shares of its common stock upon the conversion of $12,000 in principal balance of the March 2024 Note. The conversion price was based on contractual terms of the March 2024 Note.

On November 1, 2024, the Company entered into an addendum to the Institutional and Retail Investor Outreach Services Contract with Cervitude LLC, whereby the Company agreed to issue 13,000,000 restricted shares of Common Stock to Cervitude in lieu of cash payment of $25,000 for services delivered between August and December 2024.

On November 6, 2024, the Company’s subsidiary, Patriot Glass, entered into a Merchant Loan (the “November 2024 Merchant Loan”) with a lender in the principal amount of $74,950 and received net proceeds of $44,555, net of fees of $5,445, which will be reflected as a debt discount to be amortized into interest expense over the term of the note. The November 2024 Merchant Loan requires a weekly payment of principal and interest of $5,354 through February 2025.

On November 12, 2024, the Company issued 10,859,728 shares of its common stock upon the conversion of $12,000 in principal balance of the March 2024 Note. The conversion price was based on contractual terms of the March 2024 Note.