Convertible Note Payable

9 Months Ended

Sep. 30, 2022

Convertible Note Payable

Convertible Note Payable

Note 5 – Convertible Note Payable

Convertible note payable and related terms were as follows:

	Convertible
Terms	Note Payable
Issuance dates of note		2017
Maturity date		2019
Interest rate		4.50	%
Default interest rate		18.00	%
Collateral		Unsecured
Conversion rate	$	0.08/share
Equivalent common shares		2,083,338

			In-Default
Balance - December 31, 2020	$	166,667	$	166,667
No activity in 2021		-
Balance - December 31, 2021		166,667		166,667
No activity in 2022		-
Balance - September 30, 2022	$	166,667	$	166,667

GREENWAY TECHNOLOGIES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2022

(UNAUDITED)