EHAVE, Inc. announced a private placement of convertible promissory notes in the principal amount of $832,700 on September 30, 2021. The principal amount includes $75,700 of original issue discount and 8,327,000 warrants were issued with an exercise price of $0.01 per share. The term of the notes are 18 months and carry no interest.

The notes mature beginning on July 5, 2022 thru December 22, 2022. The convertible promissory notes are convertible into shares of common stock at $0.01 per share. The Company recorded a debt discount in the amount of $773,987, in the aggregate, in relation to the original issue discount, conversion feature and warrants.