Effective January 26, 2023, AgileThought, Inc. entered into a Third Amendment to the Simple Loan Facility Agreement by and among AgileThought Digital Solutions, S.A.P.I. de C.V., Exitus Capital, S.A.P.I. de C.V., SOFOM, E.N.R. and AgileThought. The Exitus Amendment extends the maturity date of the Exitus Loan Facility from January 26, 2023 to July 26, 2023. In addition, AgileThought paid approximately $1.12 million of the principal amount of the facility on January 27, 2023, plus a fee of approximately $434,000, and has agreed to pay approximately $1 million of the principal amount of the facility on February 27, 2023.

The remaining principal of approximately $1.58 million will be due and payable on the new maturity date of July 26, 2023. AgileThought believes it has sufficient cash on hand to pay the principal amount and fees due on February 27, 2023 . In addition AgileThought continuously evaluates alternatives to improve its profitability and working capital positions .

AgileThought's failure to pay the amounts when due on the Exitus Loan Facility or the Promissory Note would constitute an event of default under the terms of such agreements and a cross-default under its Financing Agreement by and among AgileThought, AN Global LLC, certain subsidiaries of AgileThought, as guarantors, the financial institutions party thereto as lenders, and Blue Torch Finance LLC, as the administrative agent and collateral agent.