Amendment to Loan Agreement and Promissory Note
Currenc Group Inc. (Nasdaq: CURR) announced that its wholly-owned subsidiary, Seamless Group Inc., entered into a first amendment to a loan agreement with Moca Services Limited. The amendment extends the maturity date of the loan from three months after closing to fifteen months after closing. It also modifies terms related to the use of proceeds from capital raise events, collateral adjustments, consent requirements for loan assignments, and the ability to cure Nasdaq deficiencies without triggering an event of default. The existing promissory note between Seamless and Moca Services was also amended to extend its maturity date to fifteen months after closing and adjust terms for capital raise events and collateral. The loan is secured by a share mortgage granted by Pine Mountain Holdings Limited, which includes a mortgage and fixed charge over 1,000,000 ordinary shares of Currenc Group Inc. This share mortgage was also amended by the Amendment Deed.