SinglePoint Inc. announced that it has entered into a Note Purchase Agreement with Bucktown Capital, LLC for a private placement of promissory note for gross proceeds of $1,580,000 on July 13, 2021. The promissory note is a long-term liability and not convertible into any securities of the Company. The promissory 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 promissory note carries an original issue discount of $75,000. The company will pay $5,000 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the promissory note.