Data443 issues $2M promissory note to XYDD as compensation for terminating prior business combination

Data443 Risk Mitigation, Inc.

Data443 issued $2M promissory note to XYDD as compensation for terminating FORL-XYDD business combination.
Note payable in two $1M installments: 90 and 120 days after deal close; 15% default interest if late.
After 12 months, XYDD may convert outstanding amount into PubCo shares at 80% of 20-day VWAP, subject to floor and cap.
1,800,000 PubCo shares allocated to finder S.SHUN Holdings Limited under prior finder arrangement.
Agreement facilitates Data443's de-SPAC transaction with FORL after termination of prior deal.

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