On June 8, 2023, the Company was sent a notice of default from counsel to the holders of these Promissory Notes. The default was caused by the holders of these Promissory Notes not being able to receive shares of the Company's common stock, par value $0.0001 (the "Common Stock") pursuant to the conversion terms of these Promissory Notes. All cure periods available pursuant to the Promissory Notes had expired prior to June 8.
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