SOBR Safe, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

NOTE 4. NOTES PAYABLE (Tables)

NOTE 4. NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2013

	December 31, 2011		December 31, 2012		(Unaudited) March 31, 2013

Note payable to related party, unsecured, due 8/3/2012, interest rate 0%	$	1,950	$	1,950	$	1,950

Notes payable to related parties, unsecured, due 12/31/2012, interest rate 0%	$	11,810	$	11,810	$	11,810

Note payable to non-related party, unsecured, due 09/15/2012, convertible at holders option at $2.50 per TBT - CA share.	$	16,000		-		-

Note payable to non-related party, unsecured, due 2/8/12, quarterly interest due, convertible at holders option at $0.3235688 per TBT - DE share, interest rate 30%	$	10,000	$	10,000	$	10,000

Note payable to non-related party, unsecured, due 2/8/12, quarterly interest due, convertible at holders option at $0.3235688 per TBT - DE share, interest rate 30%	$	25,000	$	25,000	$	25,000

Note payable to non-related party, unsecured, due 2/17/12, quarterly interest due, convertible at holders option at $0.3235688 per TBT - DE share, interest rate 30%	$	25,000	$	25,000	$	25,000

Note payable to non-related party, unsecured, due 2/18/12, quarterly interest due, convertible at holders option at $0.3235688 per TBT - DE share, interest rate 30%	$	10,000	$	10,000	$	10,000

Note payable, unsecured, due 2/18/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 18%	$	-	$	750	$	750

Note payable, unsecured, due 2/18/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 18%	$	-	$	6,875	$	6,875

Note payable, unsecured, due 2/15/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%	$	-	$	2,500	$	2,500

Note payable, unsecured, due 2/20/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%	$	-	$	3,750	$	3,750

Note payable, unsecured, due 2/21/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%	$	-	$	2,625	$	2,625

Note payable, unsecured, due 3/20/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%	$	-	$	5,433	$	5,433

Note payable, unsecured, due 3/22/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%	$	-	$	3,203	$	3,203

Note payable, unsecured, due 1/05/13, annually Interest due, convertible at holder's option at 51% of market as defined, interest rate 8% Conversion limited to total beneficial ownership of 4.99%	$	-	$	10,500	$	-

Note payable, unsecured, due 2/25/13, annually Interest due, convertible at holder's option at 51% of market as defined, interest rate 8% Conversion limited to total beneficial ownership of 4.99%	$	-	$	37,500	$	37,500

Note payable to related party, unsecured, lien against company assets, $731,763, 5-years at 0% simple interest, due 7/1/2016, payment amounts vary each month.	$	726,763	$	726,763	$	726,763

Note payable to related party, lien against company assets, unsecured, due 4/19/2013, annual interest due, convertible at holders' option at 51% of market as defined, interest rate 8%, conversion limited to total beneficial ownership of 4.99%	$	-	$	35,000	$	35,000

Note payable to non-related party, unsecured, due 8/29/2013, simple interest 8% convertible at holders' option at $.249 per TransBiotec share	$	-	$	15,000	$	15,000

Note payable to non-related party, unsecured, due 03/01/2013, simple interest 9%	$	-	$	5,000	$	5,000

Note payable to non-related party, unsecured, due 01/31/2013, $12,000 in interest (2 months)	$	-	$	32,000	$	-

Note payable to non-related party, unsecured, due 12/13/2013, interest rate 7%	$	-	$	5,342	$	5,342

Note payable to non-related party, unsecured, due 01/31/2013, interest rate 18%

Note payable to non-related party, unsecured, interest rate 7%, due on demand, convertible at anytime into common stock at 65% of market closing price on previous day	$	-	$	-	$	75,000

Note payable to non-related party, unsecured, due 01/07/2014, interest rate 7%, default interest 10%, stock option	$	-		$	-		$	15,000

Note payable to non-related party, unsecured, due 01/15/2014, interest rate 7%, default interest 10%, stock option	$	-		$	-		$	5,000

Note payable to non-related party, unsecured, due 01/20/2014, interest rate 7%, default interest 10%, stock option	$	-		$	-		$	65,272

Note payable to non-related party, unsecured, due 03/28/2013, $13,000 in interest (1 month)	$	-		$	-		$	45,000

Note payable to non-related party, unsecured, due 01/23/2014, interest rate 9%,	$	-		$	-		$	50,000
	$	826,523		$	979,939		$	1,192,711
Less current portion		(277,260	)		(616,051	)		(1,025,704	)

Long-term portion	$	549,263		$	363,888		$	167,007

Principal payments

Required principal payments from December 31, 2012 forward are as follows:

2013	$	828,823
2014	$	196,881
2015	$	123,709
2016	$	43,298
2017	$	-

	$	1,192,711

Conversion of Notes

	December 31,				(Unaudited)
	2011		2012		March 31, 2013

Convertible debenture payable to unrelated party, unsecured, due 04/1/2009, convertible at holder's option at $.25 per share, interest rate 8% Default interest rate 12%	$	30,000	$	-	$	-

- Definition

Tabular disclosure of information on an original debt issue that has been converted in a noncash (or part noncash) transaction during the accounting period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. The information may be presented entirely or partially in this block of text or in the associated elements.

+ References + Details

- Definition

Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax.

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