Phantom Power Limited entered into an agreement to acquire Monster Creative, LLC from HUMBL, Inc. (OTCPK:HMBL) on June 30, 2023. The purchase price shall be paid by: (i) reducing the outstanding balance of that certain Convertible Promissory Note issued by HUMBL on June 21, 2021 in favor of Phantom Power Limited in the original principal amount of $6.52 million by $1 million, such that the amount of the Convertible Note, after the Balance Reduction and all other reductions pursuant to separate transactions between Phantom Power Limited and HUMBL prior to the Effective Date, shall be $2.3 million, and (ii) cancelling that certain Promissory Note made by HUMBL in favor of Phantom Power Limited in the original principal amount of $0.43 million. Daniel Callender of Nevers, Palazzo, Packard, Wildermuth & Wynner, PC acted as legal advisor to Phantom Power.