Details about the loan deal between N and Choklat Press Release:
Loan taken by Choklat on March 2019 from N, and due in full by the end of December 2020. Unpaid portions still owed to N get converted to Choklat shares.
$1.5 million = 49% of Choklat company
Therefore:
1% ownership = ($1.5 mil / 49) = $30,612
100% ownership = $3,061,224
Choklat's loan of $300K has 12% interest, and it appears there is no compounding of interest. This would be a fixed rate of interest of ~$1636/month for ~18 months. Q2 2020 financials showed the loan sitting at $322K, which roughly lines up with this.
Come December, Choklat must pay back:
($300K loan) + ($36K interest) - ($31K for 1% ownership) = $305K to retain majority control of Choklat. Anything less, and Namaste Technologies takes over.