NON-CONVERTIBLE NOTES AND LOAN AGREEMENTS	12 Months Ended
Dec. 31, 2024
Non-convertible Notes And Loan Agreements
NON-CONVERTIBLE NOTES AND LOAN AGREEMENTS	NOTE 9 – NON-CONVERTIBLE NOTES AND LOAN AGREEMENTS On January 31, 2024, two loans were concluded with two third party shareholder to loan the Company an aggregate of $20,000. As at year end 2024, both these loans were repayable on or before January 30, 2025, and with interest at 10% per annum. In addition to the issuance of new loans, the Company extended the validity of the following loans that were falling due during fiscal year 2024: Two separate loans to provide financial assistance granted by two third party shareholders both falling due on September 14, 2024, with principal amount of $125,000 each for an aggregate value of $250,000 both paying interest at maturity at a rate of 10% per annum were extended until September 14, 2025; The following loans with an aggregate principal value of $575,000 were all extended on November 8, 2024: A loan to provide financial assistance granted by a third-party shareholder falling due on November 9, 2024 with a principal amount of $250,000 and paying interest at maturity at a rate of 10% per annum was extended until May 8, 2026; A loan to provide financial assistance granted by a third-party shareholder falling due on December 2, 2024 with a principal amount of $200,000 and paying interest at maturity at a rate of 10% per annum was extended until June 2, 2026 A loan to provide financial assistance granted by a third-party shareholder falling due on December 2, 2024 with a principal amount of $50,000 and paying interest at maturity at a rate of 10% per annum was extended until June 2, 2026 A loan to provide financial assistance granted by a third-party shareholder falling due on February 2, 2025 with a principal amount of $25,000 and paying interest at maturity at a rate of 10% per annum was extended until August 2, 2026 A loan to provide financial assistance granted by a third-party shareholder falling due on February 20, 2025, with a principal amount of $50,000 and paying interest at maturity at a rate of 10% per annum was extended until August 20, 2026 In summary, as of December 31, 2024, a total of nine unpaid loans with an aggregate amount of $845,000 were outstanding.

NON-CONVERTIBLE NOTES AND LOAN AGREEMENTS

12 Months Ended

Dec. 31, 2024

Non-convertible Notes And Loan Agreements

NON-CONVERTIBLE NOTES AND LOAN AGREEMENTS

NOTE 9 – NON-CONVERTIBLE NOTES AND LOAN AGREEMENTS

On January 31, 2024, two loans were concluded with two third party shareholder to loan the Company an aggregate of $20,000. As at year end 2024, both these loans were repayable on or before January 30, 2025, and with interest at 10% per annum.

In addition to the issuance of new loans, the Company extended the validity of the following loans that were falling due during fiscal year 2024:

Two separate loans to provide financial assistance granted by two third party shareholders both falling due on September 14, 2024, with principal amount of $125,000 each for an aggregate value of $250,000 both paying interest at maturity at a rate of 10% per annum were extended until September 14, 2025;

The following loans with an aggregate principal value of $575,000 were all extended on November 8, 2024:

A loan to provide financial assistance granted by a third-party shareholder falling due on November 9, 2024 with a principal amount of $250,000 and paying interest at maturity at a rate of 10% per annum was extended until May 8, 2026;

A loan to provide financial assistance granted by a third-party shareholder falling due on December 2, 2024 with a principal amount of $200,000 and paying interest at maturity at a rate of 10% per annum was extended until June 2, 2026

A loan to provide financial assistance granted by a third-party shareholder falling due on December 2, 2024 with a principal amount of $50,000 and paying interest at maturity at a rate of 10% per annum was extended until June 2, 2026

A loan to provide financial assistance granted by a third-party shareholder falling due on February 2, 2025 with a principal amount of $25,000 and paying interest at maturity at a rate of 10% per annum was extended until August 2, 2026

A loan to provide financial assistance granted by a third-party shareholder falling due on February 20, 2025, with a principal amount of $50,000 and paying interest at maturity at a rate of 10% per annum was extended until August 20, 2026

In summary, as of December 31, 2024, a total of nine unpaid loans with an aggregate amount of $845,000 were outstanding.

NEXT-ChemX Corporation. 10-K