Item 1.01 Entry into a Material Definitive Agreement.
On July 28, 2022, AiAdvertising, Inc. (the "Company") entered into an amendment
to the Company's purchase agreement, dated March 28, 2022 (the "Purchase
Agreement") with GHS Investments, LLC ("GHS"). As previously disclosed, the
Purchase Agreement provides that, subject to the conditions and limitations set
forth therein, the Company may sell to GHS, in its discretion, up to $10,000,000
of shares of the Company's common stock. Under the amendment, the "Purchase
Price" under the Purchase Agreement is no longer subject to a floor and is
defined as the lower of (a) 90% of the lowest traded price during the Valuation
Period (as defined under the Purchase Agreement) or (b) the closing price for
the Company's common stock on the trading day preceding the date of the purchase
notice provided under the Purchase Agreement.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Exhibit
10.1 Amendment No. 1 to Purchase Agreement
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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