HUMBL, Inc. announced that it has entered into agreement for a private placement of promissory note for gross proceeds of $2,000,000 on July 26, 2022. The transaction included participation from SARTOR II, LLC. The notes have a maturity date of 36 months from July 28, 2022 for the first $1,000,000 and 36 months from July 29, 2022 for the second $1,000,000 and bearing interest of 5% per annum.

The Note is subject to standard default terms and a default interest rate of 8%. The Note shall be unsecured.