Company: ATVK
Filing Date: 2025-11-14
Form Type: 10-Q/A
Source: 0001376474-25-000934
Chunk: 23

Company: Ameritek Ventures, Inc.
Filing Date: 2025-11-14
Form: 10-Q/A
Chunk 23
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 17      | Craig Passley              | Shaun Passley's family member                                                          | Common stock ownership                                                                                                                            |                            300 |                                      - |
| 18      | Olga Passley               | Shaun Passley's family member                                                          | Common stock ownership                                                                                                                            |                            300 |                                      - |
| 19      | Lloyd Passley              | Shaun Passley's family member                                                          | Common stock ownership                                                                                                                            |                     12,087,323 |                                      - |
| 20      | Shaun Passley, PhD         | Shaun Passley, PhD, owner of over 95% voting stock                                     | issued members 5,000 ZenaTech Super Voting Shares, 1,583,333 ZenaTech Common Shares and 750,000 ZenaTech Preferred shares, see footnotes 1 and 5. |                                |                                      - |

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17 Notes Payable Assumption of $200,000 convertible note from Bozki merger Ameritek merged with Bozki, Inc. on November 13, 2020. At the merger the Company assumed a 10-year, convertible noteof $ 200,000and accrued interest of $ 46,648with 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 ( 8%) 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 $ 200,000and accrued interest of $ 123,982as 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