Advanced Container Technologies, Inc. Watch

from 10-K 6 pages This Loan Is Being Made by Lender to Borrower Pursuant to the Terms of the Paycheck Protection Program Authorized by the Coronavirus Aid, Relief, and Economic Security (Cares) Act and Pursuant to All Regulations and Guidance Promulgated or Provided by the Sba and Other Federal Agencies That Are Now, or May Become, Applicable to the Loan (The “Program”). in Return for the Loan, Borrower Promises to Pay to the Order of Lender the Loan Amount Listed Above, Interest on the Unpaid Principal Balance, and All Other Amounts Required by This Note. 2. Definitions: 3. Payment Terms: Borrower Must Make All Payments in Accordance With the Lender’s Payment Instructions. the Payment Terms for This Note Are: (1) the Unpaid Principal Amount of This Note Shall Bear Interest at a Rate Per Annum Equal to 1.00%, Calculated on the Basis of a 365 Day Year and the Actual Number of Days Elapsed and Payable in Cash on the Maturity Date (As Defined Below). (2) No Interest or Principal Will Be Required During the First Six Months After the Loan Amount Is Disbursed, Although Interest Will Continue to Accrue Over This Six-Month Deferral Period

from 10SB12G/A 1 page Letter of Agreement/Line of Credit