GZ6G Technologies Corp announced that it has entered into a promissory note agreement with returning investor Mast Hill Fund, L.P., a fund managed by Mast Hill Management, LLC for private placement for gross proceeds of $328,500 on April 4, 2022. The term of the note is twelve months, with an interest rate of 12% per annum. The conversion rate of the note is $1.00 per share.

The note is issued at a discount of 10%, which is $36,500. The principle amount of the note is $365,000.