KRIPTECH INTERNATIONAL CORP. : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

On January 8, 2021, Kriptech International, Corp. (the "Company") issued Bassam Al-Mutawa, Chairman of the Board of Directors of the Company, President and CEO, a Promissory Note in the principal amount of $150,000 (the "Note") in consideration of cash in the amount of $150,000. The Note accrues interest at the rate of 5% per annum and matures January 8, 2022.

The foregoing is a brief description of the subscription of the Note and the terms of the Note and is qualified in its entirety by reference to the full text of the form of the Note, the form of which is included hereto as Exhibit 10.1 which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

Exhibit No. Description

10.1 Promissory Note issued to Bassam Al-Mutawa dated January 8, 2021

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