NOTE 20 – COMMITMENTS AND CONTINGENCIES

Legal Matters

IND & RedGear LLC - Purchase Dispute

Prior to March 31, 2025, the Company’s consolidated subsidiaries were involved in certain legal proceedings. Upon deconsolidation of these subsidiaries on March 31, 2025, all related assets, liabilities, and obligations were retained by the former subsidiaries. The Company has no guarantees, indemnities, or other commitments related to these matters and does not expect any future obligations arising therefrom.

Other Contingencies

On December 1, 2023, the Company entered into a service agreement with Frondeur Partners LLC (“Frondeur”).

Frondeur will provide accounting, reporting and consulting services on a monthly basis. On December 1, 2023, the Company executed a corporate services agreement with Frondeur Partners LLC a Nevada limited liability company. Under the terms of the agreement the Company will receive accounting and reporting services. As compensation Frondeur will receive monthly payments of $5,000 in cash and a convertible promissory note for $10,000. The notes are convertible into the Company’s common stock at a 50% discount to the market price (defined in the notes). As of the date of issuance of this report the Company has issued nineteen such notes (December 1, 2023 through June 30, 2025), which are accounted for as notes with embedded derivatives to be bifurcated and recognized as derivative liabilities. The agreement was terminated on June 30, 2025.