Webstar Technology Group issues 18.4M shares upon partial conversion of convertible note

Webstar Technology Group Inc.

Frank T Perone Trust converted $101,000 principal and $82,710 interest into 18,371,000 common shares at $0.01 per share.
Total consideration of $183,710 exchanged; note principal reduced to $1,000,000 and accrued interest to $0.
Shares issued as restricted under Rule 144 exemption; no registration statement filed.
Conversion represents significant dilution for existing shareholders.

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