Edge Total Intelligence Inc. announced that edgeTI's independent directors have approved a credit letter agreement with Lotus Domaine III, L.P., effective June 1, 2022, for the advancement of a non-revolving term loan in the amount of up to USD 1,000,000. The proceeds of the Credit Facility, to be advanced by way of draw down notices in the minimum amount of USD 100,000. The purpose of each drawdown shall be stated on each drawdown notice and such purpose shall be approved by Lender at the time of each advance.

The Credit Facility has a maturity date of May 31, 2025 and bears interest at the annual rate of 5%, payable quarterly. It may be prepaid at any time prior to the maturity date, in whole or in part, without premium or penalty. No commission or bonus was paid in connection with the Credit Facility, and the Credit Facility is not convertible into any securities of the Company.