Item 3. Legal Proceedings
Item 3.
Legal Proceedings.
On October 20, 2023 the Company received notice
from 1800 Diagonal Lending LLC, the holder of the April Promissory Note, Convertible Note and August Promissory Note (collectively, the
“1800 Notes”) that such notes were in default. The holder has made demand for the immediate payment of the 1800 Notes of a
sum representing 150% of the remaining outstanding principal balances of the 1800 Notes in the aggregate of $250,008.99, together with
accrued interest and default interest as provided for in the 1800 Notes. As a result of the default, the 1800 Notes are convertible into
common stock.
Item 4.
Mine Safety Disclosures
Not applicable.
6
PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.