Modular Medical secures $350K revolving credit facility from CEO; 12% interest, secured by all assets

Modular Medical, Inc.

$350,000 revolving credit facility from CEO James E. Besser (Manchester Explorer, L.P.).
12% interest; maturity March 25, 2026; secured by all assets and intellectual property.
No borrowings as of filing date; accelerated repayment if company receives >$2M equity proceeds.
Draw amounts minimum $50K; maximum $350K less outstanding; optional prepayment without penalty.

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