Dalrada subsidiary Genefic enters $20M guarantee & $5M credit facility; CEO personally guarantees

Dalrada Technology Group, Inc.

Genefic Inc. entered SBLC Agreement with IBS Equity Fund III for up to $20M in guarantees and related ARL Agreement for up to $5M revolving credit.
CEO Brian Bonar provides unlimited personal guaranty for Genefic's obligations; board acknowledges potential conflicts of interest.
Company pledges 100% equity interests in all subsidiaries and grants first-priority security interest in substantially all assets.
Fees include $140,000 cash at closing, $165,000 promissory note (24-month $7,652 monthly), and $225,000 warrant for 5% of Genefic membership units.
Availability period Dec 31, 2025 to Dec 31, 2030; default triggers include failure to maintain 25% collateral value and cross-defaults.

item 1.01 item 2.03 item 9.01

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accession 0001683168-26-000573

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