Company: ATVK
Filing Date: 2025-06-05
Form Type: 10-K/A
Source: 0001376474-25-000512
Chunk: 31

Company: Ameritek Ventures, Inc.
Filing Date: 2025-06-05
Form: 10-K/A
Chunk 31
---
 price at a 20% discount rate. The Ameritek Ventures, Inc. common stock share price was $0.0019 on December 31, 2023, as quoted on the https://www.otcmarkets.com/.

Assumption of $1,000,000 convertible note from Bozki merger and conversion to $500,000 convertible note

25 Ameritek merged with Bozki, Inc. on November 13, 2020. At the merger the Company assumed a 10-year convertible noteof $ 1,000,000and accrued interest of $ 9,078with Epazz, Inc., a related party, see note 10. On September 15, 2021 both parties agreed to convert $500,000 of this debt into Ameritek common stock and a nine-year note with principal of $572,410 and 8% annual interest. This note would convert into an amortizing note after 2025. On December 1, 2020 Ameritek and Epazz agreed to defer payments until January 1, 2028. The total amount due under the promissory note was $ 572,411and accrued interest of $ 154,551as of December 31, 2024. The total number of shares of common stock the noteholder could convert was 7,231,458,461, which is the total amount due of $723,146, divided by $0.0001, or $0.0007 share price at a 20% discount rate. The Ameritek Ventures, Inc. common stock share price was $0.0007 on December 31, 2024, as quoted on the https://www.otcmarkets.com/. The total amount due under the promissory note was $ 572,411and accrued interest of $ 104,942as of December 31, 2023. The total number of shares of common stock the noteholder could convert was 445,626,947, which is the total amount due of $677,353, divided by $0.0015, or $0.0019 share price at a 20% discount rate. On December 31, 2023 the Ameritek Ventures, Inc. common stock share price was $0.0019 as quoted on the https://www.otcmarkets.com/. Assumption of $250,000 note from VW Win Century, Inc. (Previously registered as, FlexF