Dalrada Financial enters $3M convertible note agreement with YA II PN

Dalrada Technology Group, Inc.

Issued $2M initial convertible debenture to YA II PN, with $1M second tranche upon SEC registration.
Fixed conversion price $0.9151 per share; 5% annual interest; 15-month maturity.
Monthly redemption starting May 2022: principal plus 20% premium and accrued interest.
Warrants for 983,499 shares exercisable at $0.9151 for 4 years; cashless provision included.
Company may redeem at 20% premium if stock trades below conversion price.

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