Company: ATVK
Filing Date: 2025-06-05
Form Type: 10-K/A
Source: 0001376474-25-000512
Chunk: 32

Company: Ameritek Ventures, Inc.
Filing Date: 2025-06-05
Form: 10-K/A
Chunk 32
---
ridge, 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 $ 337,000as of December 31, 2024. The total amount due under the promissory note was $ 250,000principal and accrued interest of $ 299,500as of December 31, 2023. Management agreement with Epazz, Inc. Ameritek entered into a management agreementwith Epazz, Inc., a related party, with a minimum annual fee of $ 350,000on November 12, 2020in 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. For the year ended December 31, 2024 the development and support expenses included $634,970 charged by Epazz, Inc. under the management services agreement between Ameritek and Epazz. As per the management services agreement between Ameritek Ventures, Inc. and Epazz Inc., Epazz shall charge a minimum annual fee of $350,000. The $783,626 expenses consisted of Programming and support of $ 158,883, Salary of $ 232,930, and Product development cost of $ 391,813. For the year ended December 31, 2023 the development and support expenses included $414,000 charged by Epazz, Inc. under the management services agreement between Ameritek and Epazz. As per the management services agreement between Ameritek Ventures, Inc. and Epazz Inc., Epazz shall charge a minimum annual fee of $350,000. The $414,000 expenses consisted of Engineering services of $ 339,000, Software development fees of $