Wave Sync Corp. announced that it has entered into a securities purchase agreement with PX Global Advisors LLC for the issue of a convertible promissory note for the gross proceeds of $2,000,000 on December 12, 2021. The Note bears an interest rate of 10% per annum, the principal amount and accrued but unpaid interest of the Note shall be due and payable on December 12, 2022 and such principal amount and the interest accrued thereon shall be convertible into shares of the Company’s common stock at the selection of the Investor on the Maturity Date at a fixed conversion price of $3.20 per share. The Company shall have the right to prepay the outstanding balance of and interest on this Note at any time prior to the Maturity Date. The notes will be offered and sold under section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506, pursuant to Regulation D.