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

Company: Ameritek Ventures, Inc.
Filing Date: 2025-11-14
Form: 10-Q/A
Chunk 25
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735as 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/. Assumption of $250,000 note from VW Win Century, Inc. (Previously registered as, FlexFridge, Inc. an Illinois corporation) merger The Company merged with VW Win Century, Inc. (previously registered as FlexFridge, Inc., an Illinois Corporation) on November 10, 2020. At the merger the assuming simple noteof $ 250,000and accrued interest of $183,566, with Epazz, Inc., a related party, see note 10. This note has a 15% interest rate and a maturity date of December 29, 2025. On December 1, 2020 both parties agreed to defer payments until January 1, 2028. The total amount due under the promissory note was $ 250,000principal and accrued interest of $ 365,125, as of September 30, 2025. The total amount due under the promissory note was $ 250,000principal and accrued interest of $ 337,000as of December 31, 2024. Management agreement with Epazz, Inc. Ameritek entered into a management agreement with Epazz, Inc., a related party, with a minimum annual fee of $350,000 on November 12, 2020 in consideration for the services provided and to be provided. Epazz, Inc. is a company controlled by Shaun Passley, Ameritek Ventures’ Chief Executive Officer. As per the management services agreement between Ameritek and Epazz, Epazz shall charge a minimum annual fee of $350,000. Ameritek issued 66,000,000 shares of Common Stock at $0.0005 per share for management fees to Epazz, Inc., consistent with the terms of the agreement on April 1, 2025 (note 9). Ameritek issued 300,000,000 shares of Common Stock at $0.0005 per share for management fees to