On September 20, 2022, the Company entered into a Promissory Note with Mast Hill Fund, L.P., a Delaware limited partnership, in which Mast Hill agreed to lend the Company the principal amount of $176,000; the purchase price of $158,400. The Term of the Note is twelve months with an interest rate of 12%. The conversion rate of the Note is $0.025 per share, subject to adjustments set forth in the Promissory Note. Funds were deposited to the Company’s account on September 23, 2022 and will be used for operating costs and further execution of GZ6G’s business plan.
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