NINE ALLIPAR : New Financial Obligation - Form 8-K

Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Coretag Holdings, Inc, (the "Company"), as the "Borrower" and Mr. Joseph Passalaqua ("Passalaqua") as the "Lender" have previously entered into various Promissory Notes whereby Passalaqua made hard money loans to the Company, the Company and Passalaqua have entered into the following Promissory Notes covering those periods and in the amounts as set forth therein. The following Promissory Notes cover all of the amounts due and owing by the Company to Passalaqua as previously reported in the Company's Quarterly and Annual Reports, as the case may be. Additionally, the following Promissory Notes are non-convertible and become due and payable, on the terms and conditions as fully set forth therein:

(i) On October 16, 2023, the Company and Passalaqua entered into a Promissory Note relating to various loans made by Passalaqua to the Company over the period from October 1, 2021, through September 30, 2022 in the aggregate amount of $14,424.00, which shall become due and payable on the 18th month anniversary thereof, a copy of which is attached here to as Exhibit 10.1; (ii) On October 16, 2023, the Company and Passalaqua entered into a Promissory Note relating to various loans made by Passalaqua to the Company over the period from October 1, 2022, through June 30, 2023 in the aggregate amount of $26,173.00, which shall become due and payable on the 18th month anniversary thereof, a copy of which is attached here to as Exhibit 10.2; (iii) On March 1, 2024, the Company and Passalaqua entered into a Promissory Note relating to various loans made by Passalaqua to the Company over the period from July 1, 2023, through September 30, 2023 in the aggregate amount of $5,820.00, which shall become due and payable on the 18th month anniversary thereof, a copy of which is attached here to as Exhibit 10.3; (iv) On March 1, 2024, the Company and Passalaqua entered into a Promissory Note relating to various loans made by Passalaqua to the Company over the period from October 1, 2023, through December 31, 2023 in the aggregate amount of $10,731.00, which shall become due and payable on the 18th month anniversary thereof, a copy of which is attached here to as Exhibit 10.4.

The entry into the foregoing Promissory Notes, by the Company and Passalaqua, reflects the understandings by and between the parties that they deem to be a fair and equitable resolution to the debt due and owing Passalaqua.