Diego Pellicer Worldwide, Inc. announced that it has entered into securities purchase agreement to issue convertible promissory note in the aggregate gross proceeds of $165,000 on June 3, 2022. The transaction included participation from returning investor GS Capital Partners LLC. The notes carry discount of $5,000 and shall bear interest at a rate of 8% per annum.

The maturity date of the note is June 3, 2023. The Note may be prepaid by the company. The notes shall be convertible into common shares of the company at a conversion price equal to the variable conversion price.

The company incurred legal fees of $5,000 in relation to the transaction. The transaction is expected to close on June 6, 2022. The company will also issue 2,500,000 common shares as additional consideration.

The notes are issued pursuant to exemption of Regulation D.