Cardiff Lexington settles prior convertible notes; issues $535K settlement note tied to offering

Cardiff Lexington Corp

Settlement with GHS Investments terminates 2019-2020 Transaction Agreements including convertible preferred stock and notes.
New Fixed Amount Settlement Promissory Note for $535,000 issued; zero interest, unsecured, prepayable without penalty.
Payments contingent on planned underwritten public offering: $250K+ if $5M-$6M raised; full repayment if $7M+ raised.
If offering not completed by Aug 15, 2024, $25,000 monthly payments begin; note matures in 2 years.
Mutual release of claims between Cardiff and GHS; note becomes immediately due if unpaid after 2 years.

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