Unique Logistics International Inc (UNQL)

[StockDetective]

Why have the maturity dates described in a previous 8K changed in your opinion? TIA

Amendments to the 3a Note and the Trillium Note

As the Company previously disclosed, on October 8, 2020, the Company entered into that certain Securities Purchase Agreement (the “Trillium SPA”) with Trillium Partners LP (“Trillium”) pursuant to which the Company sold to Trillium a 10% secured subordinated convertible promissory note in the principal aggregate amount of $1,111,000 (the “Trillium Note”). As of October 14, 2020, the Company entered into that certain Securities Purchase Agreement (the “3a SPA”) with 3a Capital Establishment (“3a” and together with Trillium, the “Investors”) pursuant to which the Company sold to 3a a 10% secured subordinated convertible promissory note in the principal aggregate amount of $1,111,000 (the “3a Note”). The Trillium Note and the 3a Note were to mature on October 6, 2021.

As the Company previously disclosed, on January 28, 2021, the Company entered into that certain Securities Purchase Agreement with the Investors pursuant to which the Company sold to each of the Investors a 10% secured subordinated convertible promissory note in the principal aggregate amount of $916,666 or $ 1,833,333 in the aggregate (each a “Note” and together the “Notes”) realizing gross proceeds of $1,666,666. The Notes were to mature on January 28, 2022.

On June 1, 2021, the Company and the Investors extended the maturity dates of the Trillium Note and the 3a Note to October 6, 2022, and the maturity dates of the Notes to January 28, 2023.

https://ih.advfn.com/p.php?pid=ihm_newsArtView&article=85283093&symbol=NO%5EUNQL&hl=1#F8K060321_EX10Z1_HTM