NovAccess Global Inc (XSNX)

[BooDog]

For good and valuable consideration, including the warrant shares (as described below), the receipt and adequacy of which are hereby acknowledged, the Purchaser consents (the “One-time Modifications”) to (i) extend the maturity date of each of the Purchaser Notes to August 31, 2023 and (ii) automatically modify all prior warrants such that each warrant may now be exercised, in whole or in part, at any time by means of a “cashless exercise”. Interest on each of the notes shall accrue and shall be due and payable, together will all other amounts due and owing thereunder on or before August 31, 2023.



In consideration for the foregoing One-time Modifications, the Company shall issue to Purchaser 2,000,000 warrant shares, with an exercise price of $0.20 (pursuant to the warrant in the form annexed hereto).
https://ih.advfn.com/stock-market/USOTC/novaccess-global-qb-XSNX/stock-news/91810259/form-8-k-current-report

Common stock, no par value; 2,000,000,000 authorized common shares

21,535,457 and 18,669,507 shares issued and outstanding, respectively
https://www.sec.gov/ix?doc=/Archives/edgar/data/1039466/000118518523000812/novaccess20230630_10q.htm



At least they won't need to raise the AS.