Company: ATVK
Filing Date: 2025-11-14
Form Type: 10-Q/A
Source: 0001376474-25-000934
Chunk: 16

Company: Ameritek Ventures, Inc.
Filing Date: 2025-11-14
Form: 10-Q/A
Chunk 16
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, which interest shall accrue from the effective date until , 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. 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 September 30, 2025. The total number of shares of common stock the noteholder could convert was 154,277,143, which is the total amount due of $323,982, divided by $0.0021, or $0.0105 share price at a 20% discount rate. The Ameritek Ventures, Inc. common stock share price was $0.0105 on September 30, 2025, 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, 2024. The total number of shares of common stock the noteholder could convert was 557,110,714, which is the total amount due of $311,982, 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/.

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

Ameritek merged with Bozki, Inc. on . At the merger the Company assumed a of $ and accrued interest of $ with 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 $ and accrued interest of $ as of September 30, 2025. The total number of shares