Qrons Inc. announced that it has entered into a note purchase agreement with Quick Capital, LLC for principal amount of $115,000 on June 15, 2021. The company also issued a five-year warrant to purchase up to an aggregate of 115,000 shares of the company's common stock at an exercise price of $1 per share. The Note is convertible into shares of common stock, $0.0001 par value per share at a conversion price of $0.50 per share. The Note may not be prepaid. The notes are issued at an original discount of 10% and a $3,500 credit for Quick Capital, LLC's legal and transaction costs. The maturity date of the note shall be the date that is 12 months after the issue date.