EX-10.1
from 8-K
1 page
Reference Is Made to That Certain Term Note Issued to You on April 10, 2022 in the Aggregate Principal Amount of $2.5 Million. This Letter Agreement Confirms That on the Date Hereof, We Will Repay $1,073,600 Principal Amount of the Term Note by Issuing to You 12,200,000 Shares of Our Common Stock, Based on the Closing Stock Price of $0.088 Per Share on June 28, 2023. Upon Such Issuance, $1,073,600 Principal Amount of the Term Note Shall Be Cancelled and You Will Own Less Than 33.33% of Our Outstanding Common Stock. We Agree to Deliver to You a Certificate Evidencing Such Shares
12/34/56