Company: AGSS
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111597
Chunk: 47

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-11-17
Form: 10-Q
Item: Item 8
Chunk 47
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As of June 30, 2025, all required payments had been made, closing out this loan. 

 On August 19, 2024, The Company entered into
a short-term loan agreement with 1800 Diagonal Lending LLC. The amount funded was $121,900,
reduced by an original issue discount and fee of $21,900
and with an interest rate of 12%.
Note requires 10 equal payments of $13,863
starting August 30, 2024. The note is collateralized with common share convertible at 71%
of the lowest market value during the 10 days prior to conversion. Balance due on December 31, 2024, was $85,330.
As of June 30, 2025, all required payments had been made, closing out this loan. 

 On November 6, 2024, The Company entered into
a short-term loan agreement with 1800 Diagonal Lending LLC. The amount funded was $124,020,
reduced by an original issue discount and fees of $24,020
and with an interest rate of 12%.
Note requires 5 payments starting March 15, 2025, with a payment of $47,541,
followed by a payment of $47,541
on May 15, 2025, followed by 4 equal payments each month in the amount of $11,885.
The note is collateralized with common share convertible at 71%
of the lowest market value during the 10 days prior to conversion. Balance due on December 31, 2024, was $124,020,
with a balance due of $0
as of September 30, 2025, presented as current. In July 2025 and August 2025, the lender took activated the convertible share option and
the Company issued the lender shares. See Note 11 Stockholders Equity for the details. 

 On November 08, 2024, The Company entered into
a short-term loan agreement with First Class Industries. The amount funded was $160,000,
reduced by an original issue discount and fees of $10,000
and with an interest rate of 7%.
The note requires principal repayment January 04, 2025. Note is collateralized by Social Security Services – Urbana invoice #4065
in the amount of $485,785.
Additionally, majority shareholder Lawrence Garcia agreed to transfer 150,000