Antelope Enterprise Holdings Limited announced that it has entered into a note purchase agreement with Atlas Sciences, LLC for the private placement of unsecured promissory note in the original principal amount of $1,070,000 for gross proceeds of $1,000,000 on July 26, 2023. The note bears interest at a rate of eight percent 8% per annum compounding daily. All outstanding principal and accrued interest on the note will become due and payable 18 months after the purchase price of the note is delivered by purchaser to the company.

The note includes an original issue discount of $50,000 along with $20,000 for investor?s fees, costs and other transaction expenses incurred in connection with the purchase and sale of the note. The investor has the right to redeem the note at any time 6 months after the purchase price date, subject to maximum monthly redemption amount of $160,000.