Trans American Aquaculture issues $350k secured note at 42.9% interest, enters forbearance on $5.6M debt

Trans American Aquaculture, Inc

$350,000 secured promissory note issued to IG Holdings and Iron Rings; fixed interest $12,500/month (42.9% annual).
Interest-only payments due monthly; default rate 60% per annum; late fee $100/day; maturity Dec 16, 2024.
Warrants for 97,222,222 shares at $0.0036 issued to finder Honor Enterprise Funding; exercisable after 3 months.
Forbearance agreement with Kings Aqua Farm on $5.6M note; company must pay $77,374.56 before Aug 6, 2024 to avoid default.
Note secured by first deed on Hutts Property and second deed on Farm Property; default triggers conversion at $0.0039/share.

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