LGBTQ Loyalty Holdings, Inc. announced that it has entered into a securities purchase agreement with Sixth Street Lending, LLC for private placement of a convertible promissory note for proceeds of $153,750 on November 17, 2021. The note issued in the transaction is of an aggregate principal amount of $169,125 and is issued at a discount of $15,375. The note is convertible into shares of the company's common stock, $0.001 par value per share.

The maturity date of the note is November 17, 2022. The note shall bear interest at a rate of 10% per annum, which interest may be paid by the company to the investor in shares of common stock. The note may be prepaid until 180 days from the issuance date.

The company incurred investor's fees and expenses in the aggregate amount of $3,750.