NOTES PAYABLE – RELATED PARTIES |
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| NOTES PAYABLE – RELATED PARTIES | 17. NOTES PAYABLE – RELATED PARTIES
As of June 30, 2026 and 2025, the balance of notes payable – related parties was $1,570,000 and $1,500,000
On December 20, 2024, the Company executed a due on demand note payable to Michael Singh for the purchase of the stocks of Awaysis Belize Limited and Chial Mountain Limited in the amount of $1,500,000. The balance of this note as of June 30, 2026, is $1,500,000; the note bears no interest. On October 28, 2025, the Company amended the maturity date to the earlier of November 30, 2025, or the up listing of the Company to the NYSE American. Effective February 3, 2026, the Company amended the maturity date to the earlier of February 28, 2026, or the uplisting of the Company to the NYSE American. Effective May 11, 2026, the Company amended the maturity date to the earlier of June 15, 2026, or the uplisting of the Company to the NYSE American. Effective June 15, 2026, the maturity date of the note was extended to December 8, 2026, or the uplisting to the NYSE American
On January 2, 2026, the Company borrowed $20,000 from KiniConsult Inc., an affiliate of Dr. Narendra Kini, the Chairman of the Company’s Board of Directors, evidenced by a Promissory Note bearing interest at 8% with a maturity date of May 15, 2026. The Company is using the proceeds from the loan for working capital and general corporate purposes. Effective June 15, 2026, the maturity date of the note was extended to December 8, 2026.
On March 31, 2026, the Company borrowed $50,000 from Dr. Kini, evidenced by a Promissory Note bearing interest at 8% with a maturity date of May 15, 2026. The Company is using the proceeds from the loan for working capital and general corporate purposes. Effective June 15, 2026, the maturity date of the note was extended to December 8, 2026.
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