Premier Diversified Holdings Inc. announced that it has entered into certain loan agreements. Loan Agreement with MPIC Fund I: Premier entered into a loan agreement (AprilLoan Agreement) dated June 8, 2023 with MPIC Fund I, LP (MPIC) for a secured loan in the principal amount of up to USD 100,000 (the June Loan). The June Loan matures on June 9, 2024 and bears interest at a rate of 6% per annum.

The June Loan is secured with all of the present and after-acquired property of the Company and ranks equally in priority with all of the loans previously made to the Company by MPIC. The June Loan will be used for working capital (including for Premier's partially owned subsidiaries, Purposely Platform Inc. (Purposely) and MyCare MedTech Inc.) and may be used to acquire an additional interest in MyCare MedTech Inc. (MyCare), a telehealth company. The Company is not issuing any securities, or paying any bonus, commission or finder's fees on the loan.

The loan is repayable at any time without penalty. Purposely and MyCare are generating revenue, and the Company expects to receive re-payment of funds from such entities, allowing it to partially repay some of the funds owed to MPIC. The loan is subject to review and acceptance by the TSX Venture Exchange.

Amended Loan Agreements with MPIC Fund I, LP: Premier previously entered into a certain loan agreement dated June 28, 2021 in the principal amount of USD 95,000 as amended June 28, 2022, for a loan from MPIC. Pursuant to a second amending agreement dated June 8, 2023, the parties agreed to extend the maturity date of the loan from June 28, 2023 to June 28, 2024. Premier previously entered into a certain loan agreement dated June 3, 2022, for a loan from MPIC in the principal amount of USD 100,000.

Pursuant to an amending agreement dated June 3, 2023, the parties agreed to extend the maturity date of the loan from June 3, 2023 to June 3, 2024. No other material terms were amended under any of the foregoing amendments.