The agreement provides for the possibility of granting a loan to the company up to the amount of 120,000.00 pounds sterling, with the possibility of converting the debt into shares of the company in the event that the loan is not repaid after its maturity. The agreement does not provide for interest on the loan. The loan maturity date will be March 31, 2023.
In order to ensure that the conditions in the agreement are fulfilled, the company plans to hold an extraordinary general meeting and introduce the articles of association for the possibility of capital increase within the authorized capital.
The signing of the Agreement shall not constitute the signing of the Loan Agreement, the final terms of which will be the subject of other arrangements.
The company will keep abreast of the next stages of talks between the parties to the agreement.
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