The Crypto Company announced the security purchase agreement to issued promissory note for principal amount of $72,500 for the gross proceeds of $58,000 on June 24, 2024.The transaction included participation from returning lender AJB Capital Investments LLC. The note bears interest rate of 12% per annum. The interest shall accrue on monthly basis and is payable on the maturity date.

The note will mature on December 18, 2024. Upon an event of default under the note, the note will bear interest at the lesser of 18% per annum or the maximum amount permitted under law, lender may immediately accelerate the note due date, lender may convert the amount outstanding under the note into shares of company common stock at a discount to the market price of the stock, and lender will be entitled to its costs of collection, among other penalties and remedies. The company has paid $40,000 as fees and expenses in connection with the transaction having net proceeds of $18,000.

The transaction was made in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the ?Securities Act?), in reliance on exemptions afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated thereunder.