SinglePoint Inc. announced that it has entered a Securities Purchase Agreement with new investor 1800 Diagonal Lending LLC to issue convertible note for the gross proceeds of $130,000 on August 28, 2023. The note matures on May 28, 2024 and the date of payment of the Default Amount, to convert all or any part of the outstanding and unpaid amount of the Note into fully paid and non-assessable shares of Common Stock, at the conversion price provided, however, that in no event shall the holder be entitled to convert any portion of the Note in excess of that portion of this Note upon conversion of which the sum of the number of shares of Common Stock beneficially owned by the holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through the ownership of the unconverted portion of the Note or the unexercised or unconverted portion of any other security of the Company subject to a limitation on conversion or exercise analogous to the limitations contained herein) and the number of shares of Common Stock issuable upon the conversion of the portion of the Note with respect to which the determination of this proviso is being made, would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock. The Conversion Price is equal to 75% of the lowest Trading Price for the Common Stock of the Company during the ten Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

The foregoing was not registered under the Securities Act of 1933 and was made pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended.