The Crypto Company announced that it has entered into a securities purchase agreement with Fast Capital, LLC for issuing a convertible promissory note for the gross proceeds of $105,000 on February 2, 2023. The note has an aggregate principal amount of $115,000 and is issued at a discount of $10,000. The note bears an interest rate of 10% per annum and matures on January 30, 2024.

Interest is payable in shares of company common stock. The company has the right to prepay the Note. For the first six months, the company has the right to prepay principal and accrued interest due under the note at a premium of between 15% and 40% depending on when it is repaid.

The Note may not be prepaid after the 180th day of its issuance. The issue of note is subject to exemptions afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D promulgated there under.