MMEX closes $200K convertible note with GS Capital Partners, net proceeds $185K

MMEX Resources Corp

10% convertible note principal $200,000; net proceeds $185,000 after $10K OID and $5K lender expenses.
Conversion price $0.055 per share; maturity date July 26, 2023.
Prepayment allowed with escalating redemption premium: 5% (first 60 days), 15% (61-120 days), 25% (121-180 days).
Issuance exempt from registration under Section 4(a)(2) and Regulation D.
Default penalty provisions apply if note not converted and not repaid at maturity.

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