Total Brain Limited has paid AUD 560,462 in principal and interest to F45 Inc. to finalise the repayment of the USD 380,000 loan between the parties. The Company has entered a 5-day extension of the loan term for its USD 500,000 loan with Varga Capital. The extension is to allow for ongoing negotiations regarding the potential extension of the term to be completed by 28 March 2022.

The Company's AUD 2,000,000 loan with Mitchell Asset Management Pty Ltd. is due 31 May 2022. The Company anticipates receiving an R&D tax rebate amount sufficient to repay the loan prior to the due date for repayment.