Regnum Corp announced that it has entered into a purchase agreement of a convertible promissory note for gross proceeds of $1,500,000 on October 8, 2021. The note was issued at par. The transaction included participation from returning investor Phoenixus AG. The note will bear interest at the fixed rate of 3% per annum, payable on maturity or conversion. The investor has an option to convert the principal and interest into common shares of the company at $0.40 per share, upon the company completing an equity financing of at least an additional $5,000,000 in the aggregate. The note will mature and may become due and payable upon demand after on the one-year anniversary from the date of issuance. In the event that the note remains outstanding at the maturity date, then at any time after the maturity date the holder may, by written notice to the company, demand the prompt payment of all unpaid principal and interest under the note; the note shall then become due and payable ten days after the company’s receipt of such written demand. The note is restricted and cannot be transferred or otherwise disposed off.