MetaWorks Platforms, Inc. announced that it has entered into a securities purchase agreement with one subscriber to issue a convertible unsecured promissory note for the gross proceeds of $115,200 on July 1, 2024. The promissory note is unsecured and matures on May 15, 2024 agreed to an original issuance discount of US$19,200. The Promissory Note bears interest at the rate of 10% per annum on the unpaid principal balance from July 1, 2024 until the Maturity Date.

Any amount of principal or interest on the Promissory Note which is not paid when due shall bear interest at the rate of 22% per annum from the due date until the same is paid.