Tivic Health amends license deal with Statera; royalties payable in stock; lien up to $5.6M

Valion Bio, Inc.

Royalties may be paid in cash or Tivic securities at Tivic's discretion under the A&R License Agreement.
Avenue Venture Opportunities Fund lien increased to up to $5.6 million (Payoff Amount).
After initial fees and first milestone, 80% of subsequent payments go directly to Avenue until lien satisfied.
Initial license fee already paid: $300K cash plus 945,785 common shares and convertible preferred shares.

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