Company: AGTX
Filing Date: 2025-07-16
Form Type: 10-K
Source: 0001477932-25-005077
Chunk: 281

Company: Agentix Corp.
Filing Date: 2025-07-16
Form: 10-K
Item: Item 5
Chunk 281
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 note was extended further to March 31, 2024 and then to September 30, 2024, the note was further extended to December 31, 2025. The June 15, 2023 amounts borrowed were repaid in September 2023.

 F-11Table of Contents

 The Notes are secured by a pledge by the Company of favor of Gray’s Peak of all of the assets and property of the Company, including without limitation all R&D tax credits, goods, tangible property, machinery, owned equipment, furniture, fixtures, vehicles, parts, accounts, deposit accounts, letter-of-credit rights, chattel paper, contract rights, documents, instruments, investment property, choses in action, general intangibles, goodwill and intellectual property, of any kind or nature, wherever located, in which Company has an interest now or in the future, and which are now existing or hereafter created or acquired, together with any and all additions, replacements, accessions and substitutions thereto or therefore, and any proceeds thereof excluding equipment leased by the Company (collectively called the “Collateral”). Gray’s Peak interest is senior to the unsecured debt or lenders of the Company and the Company’s equity holders. Upon the occurrence of any Event of Default, as defined in the agreement, the principal sum, all accrued and unpaid interest owing thereon and all costs and expenses payable pursuant to this Note, shall, at the sole option of Gray’s Peak and with submission of written notice, become immediately due and payable.  As of March 31, 2025 and March 31, 2024, the principal balance outstanding was $243,000 and $143,000, respectively. The notes were included in notes payable – related party on the accompanying consolidated balance sheet of which $60,197 and $19,453 of interest was accrued and included in accrued expenses as of March 31, 2025 and March 31, 2024, respectively. Management As of March 31, 2025 and 2024, $433,497, respectively, was included in accounts payable – related parties on the accompanying consolidated balance sheet.

Note 4 – Equity As of March 31, 2025 and March 31, 2024, the Company has authorized 50,000,000 shares of common stock at a par value of $0.001 per share and had issued and outstanding shares of common stock of 40,066,951 and