NOTE 3 – RESTRICTED CASH

In June 2026 the company deposited $75,000 into a bank account in order for it to obtain a company credit card for purchases of equipment and materials. The limit on the credit card has the same limit as the amount of the deposit. The amount is deposited in an interest bearing account and is collateral which could be used by the issuer of the credit card should the company be in default of repayment of a balance on the credit card. The company has the right to reduce the credit limit of the credit card at any time and the balance of the restricted cash will be reduced accordingly to the revised credit limit.