NOTE 5 – Related Party Debt and Interest

Note Payable – Mr. MacGregor

During the three months ended June 30, 2026, the Company borrowed $2,626 from and repaid $17,973 of principal to Mr. MacGregor pursuant to a master loan agreement. During the six months ended June 30, 2026, the Company borrowed $2,626 from and repaid $130,310 of principal to Mr. MacGregor pursuant to a master loan agreement. The master note agreement accrues interest at a rate of 4.4% due and payable in a lump sum upon maturity. This note is not convertible. As of June 30, 2026, the Company owed $210,525 of principal and $2,788 of accrued interest on this note. As of December 31, 2025, the Company owed $338,209 of principal and $16,676 of accrued interest on this note.

Noah Morgan Private Family Trust Loan Agreement (“NMPFT”)

During the six months ended June 30, 2026, the Company did not borrow or repay any principal from the family trust. The master note agreement accrues interest at a rate of 4.4% due and payable in a lump sum upon maturity. This note is not convertible. $200,000 of these loan proceeds were used to fund the senior mezzanine loan to Barron’s Cove Movie, LLC. As of June 30, 2026, the Company owed $309,000 of principal and $32,758 of accrued interest on this note. As of December 31, 2025, the Company owed $309,000 of principal and $25,524 of accrued interest on this note.