ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On September 6, 2022, ALR Technologies SG Pte. Ltd. ("ALR Singapore"), an affiliate of ALR Technologies Inc. (the "Company" or "ALRT"), entered into a loan agreement with Kan Wan Chen Pte. Ltd., a Singapore private company limited by shares ("KWC"), whereby KWC has agreed to advance ALR Singapore two million five hundred thousand (S$2,500,000) Singapore dollars (the "Principal") to launch the GluCurve Pet CGM, provide working capital to ALRT and ALR Singapore and for general corporate purposes (the "Loan Agreement").

Under the terms of the Loan Agreement:

a. ALR Singapore may receive additional advances under the Loan Agreement upon

request, subject to the approval of KWC, such advances to be considered an

increase of the Principal thereunder.

b. ALR Singapore may repay the Principal at any time prior to the launch of the


    DX GluCurve Pet CGM, in whole or in part, at ALR Singapore's option with a
    payment equal to 120% of the Principal owing. Any Principal redeemed prior to
    the launch of the DX GluCurve Pet CGM will not be subject to the royalty
    payment described below.

c. ALR Singapore is obligated to pay KWC US$10 from the sale of each unit of

GluCurve Pet CGM sensors sold to its distributor, which will be accounted for

as follows:

i. US$5 as a reduction in the Principal balance owing to KWC; and

ii. US$5 as a royalty payment to compensate KWC for the cost of borrowing the

Principal.

d. Once the Principal amount is repaid in full, the loan will be extinguished and

there will be no further amounts owed by the Company to KWC under the Loan

Agreement.

e. The Loan is scheduled to mature on March 31, 2024, at which time, an amount

equal to 120% of the Principal then outstanding will be due and payable to

KWC.

f. ALRT, ALR Singapore, as well as certain of their respective subsidiaries

and/or affiliates are obligated to grant KWC a general security interest in

their respective assets.

Ms. Christine Kan is a director and significant shareholder of KWC. Ms. Kan is a director of ALR Singapore, the V.P. Corporate Development of ALR Singapore, an insider of the Company and the spouse of Mr. Sidney Chan, CEO of ALR Singapore and ALRT.

The foregoing description of the Loan Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Loan Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.




ITEM 9.01           EXHIBITS AND FINANCIAL STATEMENTS.



Exhibit   Document Description

10.1        Loan Agreement between Kan Wan Chan Holdings Pte. Ltd. and ALR
          Technologies SG Pte. Ltd. dated September 6, 2022

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