Company: ATVK
Filing Date: 2025-05-12
Form Type: 10-K/A
Source: 0001376474-25-000446
Chunk: 30

Company: Ameritek Ventures, Inc.
Filing Date: 2025-05-12
Form: 10-K/A
Chunk 30
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 | Shaun Passley's family member                                                          | Common stock ownership          |                           300 |                                     - |
| 18      | Lloyd Passley              | Shaun Passley's family member                                                          | Common stock ownership          |                           300 |                                     - |

1– Epazz, Inc. voting stock is controlled by Shaun Passley, PhD.

2– For details, see Management Services Agreement with Epazz, Inc. below.

Notes Payable

Assumption of $200,000 convertible note from Bozki merger

Ameritek merged with Bozki, Inc. on . At the merger the Company assumed a of $ and accrued interest of $ with Epazz, Inc., (“Epazz”), a Wyoming corporation and a related party, see note 10. The promissory note had an effective date of January 1, 2018, an interest rate of eight percent (%) per year, which interest shall accrue from the effective date until January 1, 2028, unless prepaid prior to this date. The promissory note shall provide for one hundred twenty (120) equal monthly payments commencing one hundred twenty (120) days after April 1, 2018. Payee will have an option to defer 36 monthly payments. The payee will need to provide written notice of how many payments it wishes to defer. The deferred payment(s) will have an interest rate of 10%. On December 1, 2020 both parties agreed to defer payments until January 1, 2028.

The total amount due under the promissory note was $ and accrued interest of $ as of December 31, 2024. The total number of shares of common stock the noteholder could convert was 2,237,964,286, which is the total amount due of $313,315, 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 $ and accrued interest of $ as of December 31, 2023. The total number of shares of common stock the noteholder could convert was 194,725,000, which is the total amount due of $295,982, divided by $0.0015, or $0.001