Touchpoint Group Holdings, Inc announced that it has entered into securities purchase agreement for private placement of convertible promissory note on October 29, 2021. The transaction will include participation from Mast Hill Fund, L. P. for $729,000. The note carries fixed interest rate of 12% per annum. The note matures on October 29, 2022 and is convertible into common shares at a par value of $0.0125. The note is issued at a discount of $81,000, having principal amount of $810,000. The company will also issue warrants to purchase 28,065,000 shares. The Warrant is exercisable until October 29, 2023, at a price of $0.02 per share. The company paid legal fees of $10,800 in the transaction. The company will issue security pursuant to exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the ?1933 Act?) and Rule 506(b) promulgated by the United States Securities and Exchange Commission (the ?SEC?) under the 1933 Act. On the same day, company raised $729,000 in its first tranche.