Convertible Debt |
| | | | | | Annual Interest Rate | | | | | | Unpaid Principal Balance | No# | | Effective Date | | Due Date | | From Effective | | Following Maturity | | Payee | | Issuing Purpose | | Sep 30, 2021 | | Dec 31, 2020 | Payee: Dr. Stephen T. Chen, resigned as Chairman of the Board, President, and Board director April 15, 2021 | #1.16 | | 2016/01/30 | | Payable on demand | | 0.75% | | NA | | Stephen Chen | | working capital | | 114,026 | | 114,026 | #2.16 | | 2016/03/18 | | Payable on demand | | 0.65% | | NA | | Stephen Chen | | working capital | | 262,500 | | 262,500 | #3.19 | | 2019/09/01 | | 2020/09/01 | | 1.85% | | 10% | | Stephen Chen | | salary | | 39,392 | | 39,620 | #4.19 | | 2019/12/01 | | 2020/12/31 | | 1.61% | | 10% | | Stephen Chen | | working capital | | 14,879 | | 14,879 | #6.20 | | 2020/01/01 | | 2021/01/01 | | 1.85% | | 10% | | Stephen Chen | | salary | | 216,600 | | 216,600 | #7.20 | | 2020/01/01 | | 2021/01/02 | | 1.60% | | 10% | | Stephen Chen | | working capital | | 23,366 | | 23,366 | #9.20 | | 2020/01/01 | | 2021/04/14 | | 0.13% | | 10% | | Stephen Chen | | working capital | | 279,405 | | 134,010 | #10.21 | | 2021/01/01 | | 2021/04/01 | | 1.85% | | 10% | | Stephen Chen | | salary | | 59,025 | | | #11.21 | | 2021/04/01 | | 2021/05/01 | | 1.85% | | 10% | | Stephen Chen | | salary | | 10,000 | | | | | | | | | | | | | | | | | 1,019,193 | | 805,001 | | | | | | | | | | | | | | | | | | Payee: Ainos KY, an affiliated company | | | | | | | | | | | | | #12.21 | | 2021/04/27 | | 2021/10/27 | | 1.85% | | NA | | Ainos KY | | working capital | | 15,000 | | | #13.21 | | 2021/05/05 | | 2021/11/05 | | 1.85% | | NA | | Ainos KY | | working capital | | 20,000 | | | #14.21 | | 2021/05/25 | | 2021/11/25 | | 1.85% | | NA | | Ainos KY | | working capital | | 30,000 | | | #15.21 | | 2021/05/28 | | 2021/11/28 | | 1.85% | | NA | | Ainos KY | | working capital | | 35,000 | | | #16.21 | | 2021/06/09 | | 2021/12/09 | | 1.85% | | NA | | Ainos KY | | working capital | | 300,000 | | | #17.21 | | 2021/06/21 | | 2021/12/21 | | 1.85% | | NA | | Ainos KY | | working capital | | 107,000 | | | #18.21 | | 2021/07/02 | | 2022/01/02 | | 1.85% | | NA | | Ainos KY | | working capital | | 54,000 | | | #19.21 | | 2021/09/01 | | 2021/03/01 | | 1.85% | | NA | | Ainos KY | | working capital | | 120,000 | | | #20.21 | | 2021/09/28 | | 2021/03/28 | | 1.85% | | NA | | Ainos KY | | working capital | | 300,000 | | | | | | | | | | | | | | | | | 981,000 | | 0 | | | | | | | Convertible and other notes payable- related parties | | 2,000,193 | | 805,001 | | | | | | | | | | | | | | | | | | Payee: i2China Management Group LLC, a management consultant | | | | | | | | | #5.19 | | 2019/09/01 | | 2020/09/01 | | 1.85% | | 10% | | i2China | | consulting fee | | 16,000 | | 16,000 | #8a.20 | | 2020/01/01 | | 2021/01/01 | | 1.85% | | 10% | | i2China | | consulting fee | | 48,000 | | 48,000 | #8b.20 | | Retroactive from 2020/01/01 | | 2021/01/01 | | 1.85% | | 10% | | i2China | | consulting fee | | 84,000 | | 84,000 | #11.21 | | 2021/01/01 | | 2021/04/01 | | 1.85% | | 10% | | i2China | | consulting fee | | 37,000 | | | | | | | | | Convertible and other notes payable | | 185,000 | | 148,000 | | | | | | | Total Convertible and other notes payable | | 2,185,193 | | 953,001 |
| | | | | | | | Unpaid | | Interest Rate | | Interest amount | | Interest | | | No# | | Date | | Payee | | Description | | Principal Amount | | Original | | after Maturity | | Original rate | | 10% | | Total | | after Maturity | | Interest Waived | #1.16 | | 1/30/2016 | | Stephen | | working capital | | 114,026 | | 0.75% | | NA | | 5,624 | | 0 | | 5,624 | | 5,624 | | 0 | #2.16 | | 3/18/2016 | | Stephen | | working capital | | 262,500 | | 0.65% | | NA | | 9,447 | | 0 | | 9,447 | | 9,447 | | 0 | #3.19 | | 9/1/2019(DS) | | Stephen | | salary | | 39,392 | | 1.85% | | 10% | | 714 | | 4,340 | | 5,054 | | 1,518 | | 3,536 | #4.19 | | 12/1/2019(DE) | | Stephen | | working capital | | 14,879 | | 1.61% | | 10% | | 257 | | 1,132 | | 1,389 | | 439 | | 950 | #6.20 | | 1/1/2020(DS) | | Stephen | | salary | | 216,600 | | 1.85% | | 10% | | 2,179 | | 16,363 | | 18,543 | | 5,206 | | 13,336 | #7.20 | | 1/1/2020(DE) | | Stephen | | working capital | | 23,366 | | 1.60% | | 10% | | 72 | | 1,753 | | 1,825 | | 352 | | 1,473 | #9.20 | | 11/2020 (Open) | | Stephen | | working capital | | 279,405 | | 0.13% | | 10% | | 81 | | 12,864 | | 12,945 | | 248 | | 12,697 | #10.21 | | 1/1/2021(DS) | | Stephen | | salary | | 59,025 | | 1.85% | | 10% | | 178 | | 2,968 | | 3,146 | | 725 | | 2,421 | #11.21 | | 4/1/2021(DS) | | Stephen | | salary | | 10,000 | | 1.85% | | 10% | | 15 | | 420 | | 435 | | 93 | | 342 | | | | | | | | | 1,019,193 | | 1.85% | | 10% | | 18,566 | | 39,841 | | 58,407 | | 23,653 | | 34,754 | | | | | | | | | | | | | | | | | | | | | | | | #5.19 | | 9/1/2019 | | i2China | | consulting fee | | 16,000 | | 1.85% | | 10% | | 253 | | 1,759 | | 2,012 | | 579 | | 1,433 | #8a.20 | | 1/1/2020 | | i2China | | consulting fee | | 48,000 | | 1.85% | | 10% | | 483 | | 3,626 | | 4,109 | | 1,154 | | 2,955 | #8b.20 | | 1/1/2020 | | i2China | | retroactive increase | | 84,000 | | 1.85% | | 10% | | 1,554 | | 6,399 | | 7,953 | | 2,738 | | 5,215 | #11.21 | | 1/1/2021(DS) | | i2China | | consulting fee | | 37,000 | | 1.85% | | 10% | | 107 | | 1,860 | | 1,967 | | 450 | | 1,517 | | | | | | | | | 185,000 | | | | | | 2,397 | | 13,645 | | 16,041 | | 4,920 | | 11,121 | TOTAL ACCRUED | | | | | | 1,204,193 | | | | | | 20,963 | | 53,485 | | 74,448 | | 28,573 | | 45,875 |
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