Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Alaska Silver Corp. amended Eighth Amendment to Promissory Note with Joe Piekenbrock valued at Interest rate changed from 5% per annum to 3.5% per annum; maturity extended from December 1, 2026 t (effective 2025-11-01).
- Action
- amendment
- Counterparty
- Joe Piekenbrock
- Value
- Interest rate changed from 5% per annum to 3.5% per annum; maturity extended from December 1, 2026 t
- Effective
- 2025-11-01
Exact text from the filing
On December 17, 2025, WACG entered into the Eighth Amendment to Promissory Note (the "Amendment") with the Holder, pursuant to which, effective November 1, 2025, (a) interest on the outstanding principal balance of the Promissory Note accrues at a rate equal 3.5% per annum and (b) payments are to be made as follows: (i) monthly payments of $10,000 on the outstanding principal balance; (ii) in the event that the Company closes a financing round, a principal reduction payment equal to 6% of such financing round to be applied against the outstanding principal balance of the Promissory Note; (iii) payment of the remaining outstanding principal balance of the Promissory Note, together with all accrued interest, on July 1, 2027.
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