Xeriant amends $6.05M note with Auctus; extends maturity to Nov 1, 2022, issues 25M-share warrant at $0.09

XERIANT, INC.

Amendment extends maturity date of $6.05M senior secured convertible note from Oct 27, 2021 to Nov 1, 2022; also extends deadline for XTI Aircraft acquisition and uplist to Nov 1, 2022.
As consideration, Xeriant grants Auctus a new warrant to purchase 25M shares at $0.09/share, makes $100k prepayment, and director Edward DeFeudis cancels his 10b5-1 plan.
Company will host a video press release on Aug 3, 2022 regarding certain developments; link provided in filing.

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