Company: CLOQ
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023402
Chunk: 28

Company: CYBERLOQ TECHNOLOGIES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 1, 2023. On September 30, 2023, the Company entered into a second loan modification agreement with the director extending the
maturity date to August 1, 2024. Additionally, the Company paid $7,500 in accrued interest and will begin paying $50,000 plus accrued
interest beginning December 1, 2023. On July 2, 2024, the Company entered into third loan modification agreement extending the maturity
date to December 31, 2024. The Company was required to pay an extension penalty in the amount of $7,500. On December 19, 2024, the Company
entered into a fourth loan modification agreement with the estate of the director extending the maturity date to April 15, 2025. The
Company was required to pay an extension penalty in the amount of $7,500. On May 6, 2025, the Company entered into a fifth loan modification
agreement with the estate of the director in which the Company will make quarterly interest payments of $7,500, any additional payments
will be applied to the outstanding principal. So long as the quarterly interest payments are made the terms will be in effect until the
note and accrued interest are paid in full.

NOTE
10 – SUBSEQUENT EVENTS

On
July 8, 2025, the President of the Company entered into a convertible note payable with the Company in an amount of $25,000. The note
bears interest rate of zero percent (0%), has a maturity date of July 8, 2026, and a conversion rate of $0.05

On
July 30, 2025, the Company entered into a convertible note payable with a shareholder in the amount of $100,000. The note bears interest
at twelve percent (12%), has a maturity date of July 30, 2026, and a conversion rate of $0.05.

The
Company is not aware of any other subsequent events through the date of this filing that require disclosure or recognition in these financial
statements.

F-13

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The
following discussion is intended to assist you in understanding our business and the results of our operations. It should be read in
conjunction with the Condensed Financial Statements and the related notes that appear elsewhere in this report as well as our Report
on Form 10K filed with the Securities