DSG Global issues $2.4M promissory note to Tiger Trout with 40% discount conversion feature

DSG Global Inc.

Received $2,000,000 cash from Tiger Trout Capital for a $2,400,000 unsecured 90-day note (inclusive of $400,000 OID).
Note bears 9% interest; additional $100,000 guaranteed interest added each month unpaid after Dec 20, 2021.
Upon default, holder may convert outstanding principal or interest at 40% discount to lowest trading price over prior 30 days.
Note matures by June 20, 2022 or upon receipt of $2.5M from Maxim Group offering (Form S-1 No. 333-255409).
OID of $400,000 represents 20% financing cost for 90-day term; default interest rate of 24% per annum.

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