Item 1.01. Entry Into a Material Definitive Agreement.
On April 14, 2023, The Crypto Company (the "Company") entered into a Second
Amendment to Promissory Note (the "Second Amendment") to amend certain terms of
a Promissory Note (the "Note") originally issued by the Company on or about May
3, 2022 in favor of AJB Capital Investments, LLC ("AJB"). Pursuant to the Second
Amendment, AJB loaned the Company an additional $55,000 (resulting in proceeds
to the Company of $50,000 after giving effect to an original issue discount of
ten percent), and, as a result the Amendment served to increase the face amount
of the Note to $1,180,000 to give effect to the additional funds loaned to the
Company. All transaction documents originally entered into by the parties in
connection with the issuance of the Note were amended to cause the term
"Principal" to mean the sum of $1,180,000. Except as amended by the Second
Amendment all of the original terms and conditions of the Note remain as set
forth in the original transaction documents.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 is incorporated herein by reference.
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