C-Bond Systems, Inc. announced that it has entered into securities purchase agreement to issue promissory note in the aggregate gross proceeds of $127,963 at discount of 10,543 for the net proceeds of $117,150 on April 8, 2024. The transaction included participation from returning lender, 1800 Diagonal Lending LLC. The notes shall bear interest at a rate of 12% per annum.

The maturity date of the note February 15, 2025. Any amount of principal or interest on this note which is not paid when due shall bear interest at the rate of twenty two percent per annum from the due date thereof until the same is paid. Only in the event of a default, as discussed below, is the note convertible into shares of the company?s common shares.

The securities issued in the transaction are not registered under the securities act of 1933, as amended.