Turnium Technology Group Inc. announced that it has entered into a fourth amending agreement with affiliates of FirePower Capital (FirePower) to extend the maturity date of Turnium's FirePower Term Loan from March 31, 2023 to July 31, 2023. Under the terms of the agreement, the parties have also agreed to adjust certain debt covenants to better meet the near-term capital requirements of the Company. The Term Loan will continue to bear interest at a rate of 12.75% per annum, payable monthly until its maturity on July 31, 2023.

The total principal amount outstanding under the Term Loan as of the date of this release is $1,925,000.