Limitless X enters $250K promissory note with CEO entity at 15%; issues 500K shares and warrants

Limitless X Holdings Inc.

Loan of $250,000 from EM1 Capital (controlled by CEO Jaspreet Mathur) at 15% fixed annual interest, due July 11, 2026.
Proceeds used for general working capital and growth initiatives; advanced between July 11 and Aug 29, 2025.
As consideration, Company issued 500,000 restricted common shares and warrants for 500,000 shares at $0.80 exercise price.
Warrants have 5-year term, cashless exercise provision, and anti-dilution protections.
Related-party transaction; exempt from registration under Section 4(a)(2) of Securities Act.

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