Damon Inc. terminates undrawn loan agreements with Braebeacon and East West Capital

Damon Inc.

Terminated Nov 13, 2024 note purchase agreements, secured promissory notes, security agreements, IP security agreements, and guaranties with Braebeacon Holdings Inc.
Terminated identical set of loan agreements with East West Capital, LLC.
No loan funds were received under any of the terminated agreements; all obligations extinguished.
Letter agreements effective March 29, 2025, terminating rights and obligations of all parties.

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