Sigmaways, Inc entered into a loan and note purchase agreement for the placement of a promissory note for gross proceeds of $400,000 on September 1, 2023. The transaction will include participation from returning investors, HeartCore Enterprises, Inc. The note bears interest at the rate of 0.10% per annum, simple interest, and has a maturity date of September 1, 2026. There is no prepayment penalty.

In the event that any amount due under the note is not paid as and when due, such amounts will accrue interest at the rate of 10% per year until paid.