GZ6G Technologies Corp announced that it has entered into a promissory note agreement with 1800 Diagonal Lending, LLC for private placement for gross proceeds of $160,000 on May 20, 2022. The term of the note is twelve months, with an interest rate of 10% per annum. The conversion rate of the note is 35% discount to the lowest bid price during the ten-day trading period prior to a notice of conversion.

This note may not be prepaid in whole or in part except as otherwise explicitly set forth herein. Any amount of principal or interest on this note which is not paid when due shall bear interest at the rate of 22% per annum from the due date thereof until the same is paid. Interest shall commence accruing on the date that the note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed.

All payments due hereunder shall be made in lawful money of the United States of America. At the closing, the company's obligation with respect to the transactions contemplated by this agreement is to reimburse buyer' expenses shall be $3,750 for buyer's legal fees and due diligence fee.