Alset buys DSS convertible note, gets warrants

Alset entered a securities purchase agreement to buy a DSS convertible promissory note for $500,000. The note bears 3% simple interest, payable on demand, and matures in five years. It is convertible into DSS common stock at $0.5 per share, subject to DSS stockholder approval. Alset also received warrants for 8,000,000 DSS shares at $0.55 per share, expiring in five years. The transaction involves a related party as Alset holds about 39.4% of DSS equity.