- Wytec International, Inc. **issued an unsecured promissory note** with a **principal amount of $180,550.00** to Labrys Fund II, L.P. on **October 3, 2025**, with the transaction closing on **October 6, 2025**.  **[1560143_0001683168-25-007472_wytec_ex1002.htm:0]** **[1560143_0001683168-25-007472_wytec_ex1001.htm:0]** **[1560143_0001683168-25-007472_wytec_8k.htm:1]** **[1560143_0001683168-25-007472_wytec_ex1002.htm:21]** 
- The note was **purchased for $157,000.00**, including an **original issue discount of $23,550.00**, and carries a **one-time interest charge of 12% ($21,666.00)**.  **[1560143_0001683168-25-007472_wytec_ex1002.htm:0]** **[1560143_0001683168-25-007472_wytec_8k.htm:1]** 
- The note has a **maturity date of October 3, 2026**, with an **amortization schedule** requiring six monthly payments of **$28,888** starting April 3, 2026, and the remaining balance due on the maturity date.  **[1560143_0001683168-25-007472_wytec_8k.htm:1]** 
- In the event of default, the note will bear interest at **22% per annum** and is **convertible into common stock** at a conversion price equal to **65% of the lowest trading price** during the 20 trading days prior to conversion, subject to a 4.99% ownership cap for Labrys and its affiliates.  **[1560143_0001683168-25-007472_wytec_8k.htm:1]**

WYTEC INTERNATIONAL (WYTC)