Company: AEHL
Filing Date: 2025-08-05
Form Type: 20-F/A
Source: 0001641172-25-022290
Chunk: 187

Company: Antelope Enterprise Holdings Ltd
Filing Date: 2025-08-05
Form: 20-F/A
Chunk 187
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 Note, and the Company and Lender exchanges these Partitioned notes of $ 403,202for the delivery of 1,603,747(pre-reverse split) shares of the Company’s common stock. The Company recorded $ 77,201loss on conversion of these notes in the year ended December 31, 2024 and made repayment of $ 750,000by cash to this note. During the year ended December 31, 2023, the Company amortized OID of $ 20,833and recorded $ 106,050interest expense on this Note, and the Company and Lender exchanged these Partitioned Notes of $ 340,000for the delivery of 70,867(pre-reverse split) shares of the Company’s common stock. During the year ended December 31, 2022, the Company amortized OID of $ 60,260and recorded $ 5,922interest expense on this Note. The Company recorded $ 178,863loss on note conversion in 2023. On September 1, 2023, the Company and the Investor entered into a standstill agreement with regard to the certain promissory note issued to the Investor dated December 12, 2022. Pursuant to the standstill agreement, the Investor agreed not to redeem any portion of such promissory note until November 30, 2023. The Company, in return, agreed to increase the Outstanding Balance of such note by $ 96,091(the “Standstill Fee”) as of the date thereof. Following the application of the Standstill Fee, as of December 31, 2024, the Company repaid in full of this note.

Unsecured Promissory Note in July 2023

On July 26, 2023, the Company entered into a Note Purchase Agreement with an investor, pursuant to which the Company issued to the Purchaser an unsecured Promissory Note of $ 1,070,000, for $ 1,000,000in gross proceeds. The Note included an original issue discount (“OID”) of $ 50,000along with $ 20,000for investor’s fees, costs and other transaction expenses in connection with the issuance of the note. The OID was recognized as a debt discount is amortized over the life of the note. The Note bears interest at 8% per annum compounding daily, and has a term of 18 months. All outstanding principal and accrued interest on the Note will become due and payable