GBT Technologies extends convertible note with Iliad to Dec 31, 2021; principal reduced to $345,776

GBT Technologies Inc.

Fifth extension of $2.325M convertible note; maturity now December 31, 2021.
Principal reduced to $345,776.40 after $1,000 extension fee applied.
Conversion price is 80% of lowest 20-day VWAP; ownership capped at 9.99%.
Note originally issued Feb 2019; previous extensions in Feb/Jul 2020, Feb/May 2021.

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