Vitalist extends debenture maturity date to 2027

Mr. Kalvie Legat reports VITALIST INC. ANNOUNCES AMENDMENT TO SECURED DEBENTURES Vitalist Inc. has entered into a debenture amendment agreement with the existing debt holders (the lenders) to amend the terms of its secured debentures, previously amended on Jan. 13, 2023, and Jan. 30, 2024. The amending agreement is effective as of July 1, 2025. "We are thrilled to have the continued support of our senior secured lender as we execute our growth strategy," said Kalvie Legat, chief executive officer of Vitalist. "This partnership fuels our mission to build a powerful new ecosystem with VitalOS, one that will change the smart-watch market by bringing true, multiday battery life and powerful features to millions of potential new users worldwide." The amending agreement amends the secured debentures, originally dated Nov. 12, 2021, and May 25, 2022, respectively, by: Extending the maturity date: The maturity date for the secured debentures has been extended to July 1, 2027. Crystallizing accrued interest: The accrued interest on the secure debentures up to June 30, 2025, has been added to the principal balance. The new total principal amount at the effective date is $6,290,466, representing $5-million in principle plus $1,290,466 in accrued interest. Amending interest: The outstanding unpaid principal balance will no longer bear interest after the effective date. Furthermore, the agreement also adds a principal penalty premium to be incurred on the anniversary of the effective date, and the lenders have waived all breaches and events of default prior to the effective date. All other terms and conditions of the secured debentures remain in full force and effect. About Vitalist Inc. Vitalist is an innovative technology provider that helps brands build better products. Through VitalOS, brands create seamlessly connected devices and applications that adapt to each user. By uniting hardware and software with intelligent analytics, the company is building an ecosystem of personalized solutions that enhance human potential. We seek Safe Harbor.