7.SHORT-TERM DEBT 

Convertible Note 1, note $21,000 to Cloud Builder, Inc.

Ameritek issued $185,000 non-convertible promissory note to Cloud Builder, Inc. on May 13, 2021 for a forty-two month note at 15% interest. The Company’s management and that of Cloud Builder, Inc. decided it was in their best interest to convert the note on August 5, 2021. Ameritek issued 30,000,000 shares to Cloud Builder, Inc. in consideration for $166,330 on September 9, 2021, which represents $164,000 repayment of principal, $2,330 accumulated interest payable, and issued a $21,000 note on demand to Cloud Builder, Inc., representing short-term debt at an annual interest rate of 6%, which adds back to the principal.

Ameritek owed $21,000 for this short-term debt as of June 30, 2025.

Ameritek owed $21,000 for this short-term debt as of December 31, 2024.