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 $396,000 on May 23, 2022. The term of the note is twelve months, with an interest rate of 12% per annum. The conversion rate of the note is $0.30 per share.

The note is issued at a discount of 10%, which is $44,000. The principal amount of the note is $440,000. The notes are convertible into shares of common stock hereunder shall equal $0.30, subject to adjustment as provided in this note.