Cyber Apps World Inc. announced that it has entered into a securities purchase agreement with 1800 Diagonal Lending, LLC for a private placement of convertible promissory note in the principal amount of $48,750 on January 17, 2023. The note bears a fixed interest rate of 10% per annum. The Note is due and payable in eight installments commencing on January 10, 2024.

The notes will be convertible into common stock at any time 180 days after the issue date at 61% multiplied by the lowest trading price during the twenty-trading day prior to the conversion date. The investor does not have the right to convert the note to the extent that it would beneficially own in excess of 4.99% of its outstanding common stock. The company shall have the right, exercisable on not less than five trading days prior written notice to investor, to prepay the outstanding balance on this note for 130% of all unpaid principal and interest if paid within 180 days of the issue date.

The securities issued in the transaction subject to exemption provided under Regulation D.