The Crypto Company borrows $59,000 via convertible note; net proceeds $44,700

Crypto Co

Issued $59,000 promissory note to AJB Capital Investments at 12% annual interest; net proceeds after fees $44,700.
Note matures January 15, 2025; prepayable without penalty; interest accrues monthly, payable at maturity.
Upon default, interest rises to 18% per annum, AJB may accelerate or convert outstanding into common stock at a discount.
Granted AJB a security interest in all company assets under a security agreement.
Sale exempt from SEC registration under Section 4(a)(2) and Rule 506(b).

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