Perfect Moment lifts X3 loan commitments to $11.5M and wins 6-week waiver after key-person event

Perfect Moment Ltd.

Perfect Moment and X3 Higher Moment Fund LLC signed a Second Amendment to Loan Agreement effective October 9, 2026, raising the aggregate revolving commitment to $11,500,000 from $10,000,000.
X3's own revolving commitment rose from $8,000,000 to $9,500,000, while Krane Capital LLC retains a $2,000,000 commitment under the March 30, 2026 loan agreement.
The waiver covers a Key Person Event triggered by the resignation of Chath Weerasinghe and the cessation of Max Gottschalk's usual role with the borrower.
Lenders waived, for six weeks, the related advance restriction and any Section 7.01(p) default; if no approved successor is named, the waiver lapses and an Event of Default is deemed continuing.
The amendment was signed by President Jane Gottschalk for Perfect Moment and Andrew J. Redleaf as X3 managing member, and is governed by New York law.

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