Company: AGSS
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111597
Chunk: 16

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-11-17
Form: 10-Q
Item: Item 1
Chunk 16
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 the note and went into default in
April 2024. Negotiations for lower payments and total interest due continued throughout the following months and a final settlement was
achieved in February 2025. See detail of refinance below. Balance due December 31, 2024, of $420,000
includes all principal and interest due per final settlement, presented as current. 

 On April 16, 2024, The Company entered into a
short-term loan agreement with 1800 Diagonal Lending LLC. The amount funded was $90,850,
reduced by an original issue discount and fee of $15,850
and with an interest rate of 12%.
Note requires 10 equal payments of $10,175
starting May 30, 2024. 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 $27,254.
As of March 31, 2025, all required payments had been made, closing out this loan. 

 On April 16, 2024, The Company entered into a
short-term loan agreement with 1800 Diagonal Lending LLC. The amount funded was $90,850,
reduced by an original issue discount and fee of $15,850
and with an interest rate of 12%.
The note requires 5 payments starting October 30, 2024, with a payment of $50,876,
followed by 4 equal payments each month in the amount of $12,719.
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 $34,069,
presented as current. As of March 31, 2025, all required payments had been made, closing out this loan. 

 On June 17, 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%.
The note requires 5 payments starting December 15, 2024, with a payment of $68,264,
followed by 4 equal payments each month in the amount of $17,066.
The