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AMENDMENT TO LOAN TREATY AGREEMENT
THIS AMENDMENT TO LOAN TREATY AGREEMENT (“Amendment”) is entered into on this 6th day of April 2021, by and between
GZ6G Technologies Corp (“GZIC”, “Company”, “Borrower”), a publicly traded Nevada corporation, and eSilkroad Network Limited (“eSilk”, “Lender”), a privately held Wyoming corporation, on this 6th day of April 2021, and pursuant to the terms
and conditions set forth below:
1.
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Whereas, GZIC and eSilk entered into a Loan Treaty Agreement (“Treaty”) on December 21, 2020, wherein eSilk promised to lend Four
Hundred Fifty Thousand Dollars ($450,000) to GZIC in payments of Twenty Five Thousand Dollars ($25,000) every week.
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2.
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Whereas, eSilk has agreed to amend and extend the Loan Treaty to include an additional One Million Dollars ($1,000,000) to the Treaty
in payments of Fifty-Five Thousand Five Hundred Fifty-Five Dollars Fifty-Six Cents ($55,555.56), every Friday, over a period of ninety (90) business days beginning April 16, 2021.
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3.
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Whereas, payments from eSilk will be deposited into the Huntington Bank IOLTA account of SD Mitchell & Associates, PLC and
dispersed pursuant to instructions by William Coleman Smith, president of GZIC.
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4.
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Whereas, each payment of $55,555,56 shall be memorialized by Convertible Promissory Notes, in increments of Two Hundred Twenty Two
Thousand Two Hundred Twenty Two Dollars Twenty Four Cents ($222,222.24).
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5.
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Whereas, at the option of the Lender, each $55,555.56 loaned to the Company may be converted into common shares at the rate of $0.195
per share.
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All other terms of the original Loan Treaty Agreement entered into on December 21, 2020, remain the same and unchanged.
By signing below, the undersigned does hereby acknowledge that they have reviewed, understood and agree with the terms set forth above.
GZ6G TECHNOLOGIES CORP |
ESILKROAD NETWORK LIMITED | |||
/s/William Coleman Smith
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/s/Ruben Yakubov
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William Coleman Smith
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Ruben Yakubov |
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President/CEO |
President |