Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 69

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 69
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During the period August 29, 2024 to November
29, 2024, Daniel Jospeh McClory, the Company’s Executive Chairman, made short-term interest-free loans to the Company of EUR
(US$). On December 31, 2024, Mr. McClory entered into a cancellation and exchange agreement, pursuant to which he cancelled loans
in the amount of EUR (US$) in exchange for of our Class A Ordinary Shares at a price of US$ per share, which
is the same price used in the Company’s Series A Preferred Share offering. This price was determined based on the 15-day volume-weighted
average price (VWAP) in November 2024. As of December 31, 2024, there is NIL balance of Mr. McClory’s loans on our Consolidated
Statement of Financial Position.

Note 15 – Lease Liabilities and Commitment The Company entered into lease agreements for the arena and athlete housing with expiration dates ranging from 2024 to 2039. The lease terms were between 2to 16years. In addition, the majority of the lease amounts result from the acquisition of UYBA, where the Company has a lease on the arena through 2039. F-34

A maturity analysis of lease liabilities based
on undiscounted gross cash flow is shown in the table below:

|                               |     |     | December 31, 
         2024 |   |     |     | December 31, 
         2023 |   |
|:------------------------------|:----|:----|-------------:|:--|:----|:----|-------------:|:--|
|                               |     | EUR |              |   |     | EUR |              |   |
| Less than 1 year              |     |     |      161,235 |   |     |     |      185,738 |   |
| 1 to 5 years                  |     |     |      180,000 |   |     |     |      260,569 |   |
| 5 to 10 years                 |     |     |      225,000 |   |     |     |      225,000 |   |
| 10 to 15 years                |     |     |      211,250 |   |     |     |      225,000 |   |
| More than 15 years            |     |     |            - |