Elixxer Provides Update on Secured and Unsecured Loans

Core Viewpoint - Elixxer Ltd. has entered into an amending agreement to extend the maturity dates of its secured and unsecured notes, aimed at improving its financial position [1][2][3]. Group 1: Amending Agreement Details - The maturity date of all issued and outstanding secured notes totaling $8,000,000 has been extended to June 30, 2026 [2]. - The maturity date of an unsecured promissory note issued in favor of AIP Fund has been extended to December 31, 2026 [2]. Group 2: Related Party Transaction - The amendments are classified as a related party transaction as AIP is a control person of the Company [3]. - The Company is relying on exemptions from valuation and minority shareholder approval requirements due to its financial difficulties [3]. Group 3: Board Approval - The Amending Agreement and related transactions were approved by independent board members, excluding two directors [4]. - No special committee was formed for this agreement, and no dissenting opinions were expressed by any directors [4]. Group 4: Company Overview - Elixxer Ltd. is a Canadian public company listed on the TSX Venture Exchange and the US OTC-Pink exchange, focusing on investments in high growth opportunities [6].