Preferred Dental Technologies Inc. has entered into a loan agreement with an unrelated party to provide funds which will be used to maintain operations. $100,000 note is noninterest bearing with a due date of December 31, 2022. In the event of default, interest will begin to accumulate at 5% per annum. In order to induce the lender to provide funding, PDTI transferred 1% of its interest in Gillespie Farmers Delight Company Limited (GFDCL). PDTI still maintains a twenty one and one half percent interest in GFDCL.