SinglePoint Inc. entered into a Note Purchase Agreement with Bucktown Capital LLC whereby the company agreed to issue and sell to BCL a promissory note in the principal amount of $1,580,000. The Note bears interest at the rate of 8% per annum, and provides that for the calendar quarter beginning on January 1, 2022 and continuing for each calendar quarter thereafter until the Note is paid in full, the Company will make quarterly cash payments to BCL equal to $250,000. The company may choose the frequency and amount of each payment (subject to a minimum payment of $50,000) during each applicable quarter so long as the aggregate amount paid during each quarter is equal to $250,000. The Note is a long term liability and not convertible into any securities of the company.