Laredo Oil enters up to $1.5M revolving credit facility with AEI Management at 8.75% interest

Laredo Oil, Inc.

Maximum draw $1.5M; advances limited to $150k per 30-day period.
Interest rate 8.75% per annum, maturity May 1, 2023.
Lender may convert outstanding principal and interest into common stock at a 20% discount to market (if listed) or at par if not listed.
Conversion capped at 4.99% beneficial ownership; no collateral or guarantees provided.
Lender consent required for dividends, additional debt, asset sales, and changes of control.

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