T&D Holdings, Inc. entered into a securities purchase agreement with Streeterville Capital, LLC for issuance of a convertible promissory note for gross proceeds of $3,000,000 on March 13, 2023. The note carries interest rate of 10% per annum. The note will be issued at an original issue discount of $300,000.

The note will be convertible into shares, $0.001 par value per share. The company also incurs $20,000 to cover investor?s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the transaction. The company may prepay all or a portion of the note at any time by paying 125% of the outstanding balance elected for pre-payment.