Boxlight enters $6M inventory finance agreement with related party J.J. ASTOR

Boxlight Corp

Up to $6M aggregate financing for 80% of finished goods inventory from manufacturer/supplier.
Each advance repayable in 90 days; fee structure: $1.0535 per $0.80 advanced.
Default triggers 10% balance increase and 19% daily compounded interest.
Counterparty J.J. ASTOR is led by director/former CEO Michael Pope, a related-party transaction.

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