Good Hemp, Inc. announced that it has entered into a securities purchase agreement for private placement of convertible promissory notes for aggregate principal amount of $87,500 on October 19, 2021. The transaction included participation from Sixth Street Lending, LLC. The note will mature on October 19, 2022, and unpaid principal accrues interest at 5% per annum. The note is convertible into shares of the company?s common stock. The note carries a prepayment penalty if the note is paid off in 180 days following the note date. The prepayment penalty is based on the then-outstanding principal at the time of payoff, plus accrued and unpaid interest, multiplied by 125%. After the expiration of 180 days following the issue date, the company shall have no right of prepayment. The company shall use its best efforts in the transaction.