Touchpoint Group Holdings, Inc. announced that it has entered into a securities purchase agreement with returning investor Mast Hill Fund, L. P., a fund managed by Mast Hill Management, LLC for a private placement of 12% senior secured convertible promissory note for gross proceeds of $202,500 on June 7, 2022. The note issued is convertible into common shares at a price of $0.0012 per share, subject to certain adjustments. The company also issued common stock purchase warrants to purchase 168,750,000 shares of our common stock and 262,500,000 shares of our common stock at a price of $0.0012 per share respectively.