NOTE 5 – NOTES PAYABLE

The Company’s indebtedness as of June 30, 2026 and September 30, 2025 were as follows:

Convertible Notes Payable

On June 29, 2012, the Company issued convertible secured notes payable totaling $8,254,500 to a group of private investors. The notes matured on June 30, 2015. The notes, with interest at 15%, were convertible at the discretion of the holders, into common shares of the Company at the rate of $3.31 per share. Unable to make the required interest payment on March 31, 2014, the notes became due on demand. Effective June 17, 2014, with the noteholder approval, the assets securing the convertible notes were sold with the net proceeds of approximately $5,200,000 being distributed to the noteholders. Noteholders were to receive payment for the remaining balance due on the notes in the form of an exchange for the common stock of the Company at the rate of $3.31 per share. As of June 30, 2026, noteholders representing $52,607 in outstanding principal had not requested the exchange of shares of common stock. As of June 30, 2026 and September 30, 2025, the exchange obligation payable was $188,525 and $182,622, including accrued interest of $135,917 and $130,015, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation was for 56,956 shares and 55,173 shares of common stock, respectively.

On February 1, 2016, the Company issued convertible secured note payable of $30,000 to an individual. The note was due on January 31, 2017 and included interest at 10%. The note was convertible at discretion of the holder into common shares of the Company at the rate of $0.50 per shares. The Company has not extended the maturity date and the note is in default. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance was $61,249 and $59,005, including accrued interest of $31,249 and $29,005 respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation was for 122,498 shares and 118,010 shares of common stock, respectively.

On November 21, 2024, the Company issued a convertible secured note payable of $100,000 to an individual. The note matures on November 21, 2026, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $115,808 and $108,329 including accrued interest of $15,808 and $8,329, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 463,232 shares and 433,316 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 10,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $90,000 upon the issuance of the notes, with subsequent amortization of debt discount totaling $72,247.

On January 21, 2025, the Company issued a convertible secured note payable of $100,000 to an individual. The note matures on January 21, 2027, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $114,959 and $107,479, including accrued interest of $14,959 and $7,479, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 459,836 shares and 429,916 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 10,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $100,000 upon the issuance of the notes, with subsequent amortization of debt discount totaling $71,918.

On February 26, 2025, the Company issued a convertible secured note payable of $16,665 to an individual. The note matures on February 26, 2027, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $19,016 and $17,770, including accrued interest of $2,351 and $1,105, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 76,064 shares and 71,080 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 1,666,500 shares of common stock to the lender. The Company recorded an initial debt discount of $2,500 upon the issuance of the notes, with subsequent amortization of debt discount totaling $1,675.

On February 26, 2025, the Company issued a convertible secured note payable of $3,441 to an individual. The note matures on February 26, 2027, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $3,927 and $3,669, including accrued interest of $486 and $228, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 15,708 shares and 14,676 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 344,128 shares of common stock to the lender. The Company recorded an initial debt discount of $516 upon the issuance of the notes, with subsequent amortization of debt discount totaling $346.

On October 22, 2025, the Company issued a convertible secured note payable of $50,000 to an individual. The note matures on October 22, 2027, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $53,740 and $0, including accrued interest of $3,740 and $0, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 214,960 shares and 0 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 5,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $500 upon the issuance of the notes, with subsequent amortization of debt discount totaling $172.

On May 11, 2026, the Company issued a convertible secured note payable of $20,000 to an individual. The note matures on May 11, 2028, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $20,005 and $0, including accrued interest of $5 and $0, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 80,020 shares and 0 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 2,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $20,000 upon the issuance of the notes, with subsequent amortization of debt discount totaling $1,368.

On May 11, 2026, the Company issued a convertible secured note payable of $5,000 to an individual. The note matures on May 11, 2028, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $5,001 and $0, including accrued interest of $1 and $0, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 20,004 shares and 0 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 500,000 shares of common stock

to the lender. The Company recorded an initial debt discount of $5,000 upon the issuance of the notes, with subsequent amortization of debt discount totaling $342.

On May 11, 2026, the Company issued a convertible secured note payable of $5,000 to an individual. The note matures on May 11, 2028, and includes interest at 10%. The note is convertible at discretion of the holder into common shares of the Company at the rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total convertible note payable balance is $5,001 and $0, including accrued interest of $1 and $0, respectively. As of June 30, 2026 and September 30, 2025, the exchange obligation is for 20,004 shares and 0 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 500,000 shares of common stock to the lender. The Company recorded an initial debt discount of $5,000 upon the issuance of the notes, with subsequent amortization of debt discount totaling $342.

Convertible Notes Payable – Related Party

During the quarter ended December 31, 2023, the Company entered into an agreement to issue convertible notes payable with an accredited investor. Notably, there exists a professional relationship between the Company and the investor, facilitated by a mutual director serving on the boards of both entities. These notes carry an aggregate principal balance of $55,294 and accrue interest at a rate of 10% per annum. The notes matured in October 2024 and December 2024. Additionally, the notes offer the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.10 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $64,035 and $59,899, inclusive of accrued interest totaling $8,741 and $4,605, respectively. Moreover, the exchange obligation associated with these notes amounted to 640,350 and 598,990 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 1,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $18,679 upon the issuance of the notes, with subsequent amortization of debt discount totaling $18,679. During the quarter ended December 31, 2024, the Company amended the note to extend the maturity date from October 2024 and December 2024 to December 2025. Additionally, the noteholder agreed to capitalize $5,294 of accrued interest into the principal balance of the note. As consideration for the extension, the Company issued 1,105,884 shares of common stock to the lender, valued at approximately $111, which was recorded as an expense during the period. All other terms of the note remain unchanged. In December 2025, the Company further amended the note to extend the maturity date to May 2026. As consideration for the extension, the Company issued 608,233 shares of common stock to the lender, valued at $8,698, which was recorded as an expense during the period. No other terms of the note were changed. In June 2026, the Company further amended the note to extend the maturity date to August 2026. As consideration for the extension, the Company issued 317,902 shares of common stock to the lender, valued at $23,149, which was recorded as an expense during the period. No other terms of the note were changed.

During the quarter ended March 31, 2024, the Company entered into an agreement to issue a convertible note payable with a director serving on the board. The note carries an aggregate principal balance of $31,161 and accrues interest at a rate of 10% per annum. The note matured in March 2025. Additionally, the note offers the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.10 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $36,087 and $33,756, inclusive of accrued interest totaling $4,926 and $2,595, respectively. Moreover, the exchange obligation associated with these notes amounted to 360,870 and 337,560 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 750,000 shares of common stock to the lender. The Company recorded an initial debt discount of $2,493 upon the issuance of the notes, with subsequent amortization of debt discount totaling $2,493. During the quarter ended December 31, 2024, the Company amended the note to extend the maturity date from March 2025 to December 2025. Additionally, the noteholder agreed to capitalize $3,333 of accrued interest into the principal balance of the note. As consideration for the extension, the Company issued 623,220 shares of common stock to the lender, valued at approximately $62, which was recorded as an expense during the period. All other terms of the note remain unchanged. In December 2025, the Company further amended the note to extend the maturity date to May 2026. As consideration for the extension, the Company issued 342,771 shares of common stock to the lender, valued at $4,902, which was recorded as an expense during the period. No other terms of the note were changed. In June 2026, the Company further amended the note to extend the maturity date to August 2026. As consideration for the extension, the Company issued 179,154 shares of common stock to the lender, valued at $17,915, which was recorded as an expense during the period. No other terms of the note were changed.

During the quarter ended June 30, 2024, the Company entered into an agreement to issue a convertible note payable with a director serving on the board. The note carries an aggregate principal balance of $11,222 and accrues interest at a rate of 10% per annum. The note matured in June 2025. Additionally, the note offers the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.10 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $12,996 and $12,157, inclusive of accrued interest totaling $1,774 and $935, respectively. Moreover, the exchange obligation associated with these notes amounted to 129,960 and 121,570 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 350,000 shares of common stock to the lender. The Company recorded an initial debt discount of $1,116 upon the issuance of the notes, with subsequent amortization of debt discount totaling $1,116. During the quarter ended December 31, 2024, the Company amended the note to extend the maturity date from June 2025 to December 2025. Additionally, the noteholder agreed to capitalize $541 of accrued interest into the principal balance of the note. As consideration for the extension, the Company issued 224,440 shares of common stock to the lender, valued at approximately $22, which was recorded as an expense during the period. All other terms of the note remain unchanged. In December 2025, the Company further amended the note to extend the maturity date to May 2026. As consideration for the extension, the Company issued 123,442 shares of common stock to the lender, valued at $1,765, which was recorded as an expense during the period. No other terms of the note were changed. In June 2026, the Company further amended the note to extend the maturity date to August 2026. As consideration for the extension, the Company issued 64,518 shares of common stock to the lender, valued at $6,452, which was recorded as an expense during the period. No other terms of the note were changed.

During the quarter ended December 31, 2024, the Company entered into an agreement to issue a convertible note payable with two officers of the Company. The note carries an aggregate principal balance of $100,000 and accrues interest at a rate of 10% per annum. The note matures in November 2026. Additionally, the note offers the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $115,808 and $108,329, inclusive of accrued interest totaling $15,808 and $8,329, respectively. Moreover, the exchange obligation associated with these notes amounted to 463,232 and 433,316 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 10,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $90,000 upon the issuance of the notes, with subsequent amortization of debt discount totaling $72,370.

During the quarter ended June 30, 2025, the Company entered into an agreement to issue a convertible note payable with two officers of the Company. The note carries an aggregate principal balance of $25,000 and accrues interest at a rate of 10% per annum. The note matures in April 2027. Additionally, the note offers the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $28,123 and $26,253, inclusive of accrued interest totaling $3,123 and $1,253, respectively. Moreover, the exchange obligation associated with these notes amounted to 112,492 and 105,012 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 2,500,000 shares of common stock to the lender. The Company recorded an initial debt discount of $7,500 upon the issuance of the notes, with subsequent amortization of debt discount totaling $4,582.

During the quarter ended September 30, 2025, the Company entered into an agreement to issue a convertible note payable with two officers of the Company. The note carries an aggregate principal balance of $50,000 and accrues interest at a rate of 10% per annum. The note matures in August 2027. Additionally, the note offers the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $54,575 and $50,836, inclusive of accrued interest totaling $4,575 and $836, respectively. Moreover, the exchange obligation associated with these notes amounted to 218,300 and 203,344 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 5,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $1,500 upon the issuance of the notes, with subsequent amortization of debt discount totaling $664.

During the quarter ended December 31, 2025, the Company entered into an agreement to issue a convertible note payable with two officers of the Company. The note carries an aggregate principal balance of $50,000 and accrues interest at a rate of 10% per annum. The note matures in October 2027. Additionally, the note offers the option for conversion into common shares of the Company at the discretion of the holder, with a conversion rate of $0.25 per share. As of June 30, 2026 and September 30, 2025, the total balance of promissory notes payable stood at $53,740 and $0, inclusive of accrued interest totaling $3,740 and $0, respectively. Moreover, the exchange obligation associated with these notes amounted to 214,960 and 0 shares of common stock, respectively. In return for providing the loan, the Company authorized and issued 5,000,000 shares of common stock to the lender. The Company recorded an initial debt discount of $500 upon the issuance of the notes, with subsequent amortization of debt discount totaling $172.

Notes Payable and Other Loans

During 2015 and 2016, the Company executed promissory notes payable with six individuals with an aggregate principal balance of $60,000. The notes were due on demand and included interest at 10%. As of June 30, 2026 and September 30, 2025, the total promissory notes payable balance was $125,214 and $120,726 including accrued interest of $65,214 and $60,726, respectively. On January 15, 2019, the holder of a note with a principal balance of $10,000 made demand for payment. To date, the note has not been paid.

On September 11, 2023, Ausquartz Sands Pty Ltd entered into a Loan Agreement with GVB GmbH for $250,000, with a fixed annual interest rate of 2.15% and a maturity date of August 31, 2025. This liability was assumed by the Company following its acquisition of Ausquartz Group Holdings Pty Ltd on July 28, 2024. As of June 30, 2026 and September 30, 2025, the total notes payable balance was $265,227 and $261,207, including interest of $15,227 and $11,207, respectively.

Related Party Loans

On February 28, 2023, the Company entered into a Promissory Loan Note with MI Labs Pty Ltd, in the amount of US$50,000 (of which $46,043 was received by the company as of June 30, 2026) with a maturity date of February 28, 2024. The loan will accrue interest at the rate 10% per annum.

During July 2023, MI Labs Pty Ltd loaned Ausquartz Sands Pty Ltd US$29,766. The loan is a demand note on zero interest. This liability was assumed by the Company following its acquisition of Ausquartz Group Holdings Pty Ltd on July 28, 2024.

On December 5, 2022, the Company entered into a Promissory Loan Note with Mr. Andrew Liang, in the amount of US$20,000, with a maturity date of December 5, 2023. The loan will accrue interest at the rate of 10% per annum.