GBT Technologies issues $124,200 convertible note to Sixth Street; pays off $106,200 Redstart note

GBT Technologies Inc.

Sixth Street note: $124,200 principal for $103,500 purchase price (16.7% OID), 6% interest, matures Feb 8, 2023.
Conversion at 85% of lowest trading price with 20-day lookback; 4.99% ownership cap applies.
Company paid off Redstart note in full for $141,781.95 on Nov 8, 2021.
Proceeds from Sixth Street note used for general working capital; note issued under Section 4(a)(2) exemption.
Company grants Sixth Street right of first refusal for future offerings under $150,000 for 9 months.

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