Lawrence M. Diamond - Feb 14, 2022 Form 4 Insider Report for Mitesco, Inc. (MITI)

Role: Chief Executive Officer, Director
Signature: /s/ Lawrence M. Diamond
Stock symbol: MITI
Transactions as of: Feb 14, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/24/2022, 03:12 PM
Previous filing: Dec 8, 2021
Next filing: Apr 19, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MITI	Warrants to purchase Common Stock	Purchase		+368K			368K	Feb 14, 2022	Common Stock	368K	$0.50	Direct	F1
transaction	MITI	Warrants to purchase Common Stock	Purchase		+368K			368K	Feb 14, 2022	Common Stock	368K	$0.75	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	A 10% Promissory Note due August 14, 2022 (the "Note"), dated February 14, 2022 was issued to Lawrence Diamond (the "Lender") in the principal amount of $175,000, and has a maturity date that is the earlier of (i) six (6) months from the date of execution, or (ii) the date on which the Company successfully lists its shares of common stock on Nasdaq or NYSE. The purchase price of the Note payable to the Company for the Note was $148,750 and was funded on February 14, 2022. The amount payable at maturity will be $175,000 plus 10% of that amount plus accrued and unpaid interest. In addition to the Note, the Lender will be issued 367,500 5-year warrants that may be exercised at $.50 per share and 367,500 5-year warrants that may be exercised at $.75 per share.

Content

A 10% Promissory Note due August 14, 2022 (the "Note"), dated February 14, 2022 was issued to Lawrence Diamond (the "Lender") in the principal amount of $175,000, and has a maturity date that is the earlier of (i) six (6) months from the date of execution, or (ii) the date on which the Company successfully lists its shares of common stock on Nasdaq or NYSE. The purchase price of the Note payable to the Company for the Note was $148,750 and was funded on February 14, 2022. The amount payable at maturity will be $175,000 plus 10% of that amount plus accrued and unpaid interest. In addition to the Note, the Lender will be issued 367,500 5-year warrants that may be exercised at $.50 per share and 367,500 5-year warrants that may be exercised at $.75 per share.