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Notice of Lender Default on Secured Convertible Loan

April 7, 2017, IRVINE, CA – InoLife Technologies, Inc. (OTC PINK: INOL) today released a notice of lender
default on a recently announced convertible loan financing.
According to recent filings, on October 26, 2016, InoLife Technologies, Inc. obtained financing in the amount of
$500,000 from the F. Bertucci Family Trust. On March 24, 2017, the F. Bertucci Family Trust was notified by
Inolife Technologies, Inc. that they were in default of the secured convertible loan agreement by refusing to disburse
funds which were pre-approved. As a result, all other agreements related to the loan agreement including but not
limited to voting, share ownership and or board of directors are therefore null and void.
InoLife Technologies, Inc. will no longer accept any further disbursement from the F. Bertucci Family Trust, and
the principal amount owed of $216,975.94 will be repaid according to the terms of the original agreement dated
October 26, 2016.
Per the terms of the original secured convertible loan with the F. Bertucci Family Trust caused the nomination of
William Cleman, Joe Bertucci, Mark Hart, and Phillip Cortese. Because of the default, William Cleman, Joe
Bertucci, Mark Hart, and Phillp Coretese nominations, respectively, ceased effective March 24, 2017.
On March 23, 2017 by a majority vote of the shareholders, Michael G. Wright is nominated as Chairman of the
Board and Kenneth J. Beam is nominated as Director. Joseph McClendon III is reconfirmed to the Board of
Directors.