One World Products, Inc. entered into securities purchase agreements for issuance of a 12% convertible promissory note in the principal amount of $1,300,000 and for a purchase price of $1,196,000, and a 12% convertible promissory note in the principal amount of $300,000 for a purchase price of $276,000; for aggregate gross proceeds of $1,472,000 on April 19, 2024. The transaction included participation from new investor SDT Equities LLC for $1,196,000 and returning investor AJB Capital Investments LLC for $276,000. The notes mature on January 19, 2025, and bear interest at a rate of 12% per annum.

subject to certain adjustments and following an event of default only, the notes are convertible into shares of the company?s common stock at a conversion price equal to the lowest closing price (i) during the previous ten trading day period ending on the date of issuance of the note, or (ii) during the previous ten trading day period ending on the conversion date, whichever is lower. The company issued to SDT Equities LLC, a pre-funded warrant to purchase 8,666,667 shares, and AJB Capital Investments LLC, a $120,000 commitment fee in form of 2,000,000 shares. The transactions were effected pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) promulgated thereunder.