LOOPShare Ltd. announced that it has restructured its previously announced bridge loan facility with an arm's length third party. The Lender has agreed to roll CAD 257,595 of the principal amount of the existing Loan into newly issued convertible debentures. No new funds will be received by the Company in connection with this transaction. With the repayment of any accrued interest and principal amounts that have not been converted to Debentures, the Company's obligations under the Loan will be fully satisfied. The terms of the Debentures include: a maturity date of three years from the date of closing and the principal amount, together with any accrued and unpaid interest, will be payable on the Maturity Date, unless earlier converted in accordance with their terms; the Debentures bear interest (the "Interest") at the rate of 10% per annum, which Interest will be payable on the Maturity Date, unless earlier converted; the principal amount of the Debenture is convertible into class A common shares of the Company at the option of the holder at a conversion price of CAD 0.385 per Share; an aggregate of 334,538 detachable share purchase warrants are issuable to the Lender. Each Warrant is exercisable into one additional Share at an exercise price of CAD 0.385 per Warrant Share for a period of three years from the date of closing; the accrued and unpaid Interest is convertible into Shares at a conversion price equal to the Market Price, at the time of such conversion; and the Debentures are unsecured.