Altitude International Holdings, Inc. the company has entered into a new loan agreement for gross proceeds of $750,000 on March 6, 2023. The transaction included participation from new lenders FVP Opportunity Fund III, LP, FVP Opportunity Fund IV, LP funds mutually managed by Feenix Venture Partners, and GT Partners Private Credit Fund I, LP, GT Partners - Monterey Cypress Fund, LP, funds mutually managed by Ghost Tree Partners and another lender. The company through September 2024, shall make interest only payments under the loan agreement, after which it will make payments of $7,500 per month plus accrued interest until the maturity date, at which point all amounts due under the new loan agreement shall be paid.

The maturity date of the loan is June 30, 2025 and the company and the Loan Parties agreed to pay an interest rate of 12% per annum. The company will issue securities pursuant to exemption provided under Regulation D.