Effective December 14, 2023, Bellatora, Inc. and Coral Investment Partners, LP. agreed to amend their Promissory Note Agreement in the following manner: Interest only payments on the outstanding balance of the Promissory Note shall begin on February 1, 2024 and continue monthly until such time as repayment of the outstanding balance begins. Monthly payments of principal and interest payments shall begin on May 1, 2024 pursuant to an amortization schedule that will result in full payment of the loan by April 30, 2025.

In the event of a default, Coral shall have the right to convert a portion of its debt, subject to certain limitations, into shares of the Company?s common stock at a per share price equal to the most recent private placement price. The Company is barred from issuing more than fifty million (50,000,000) shares until the outstanding balance of the loan is repaid. The Company is barred from any entering into any agreement security (i.e., notes, preferred stock, warrants or options) which is convertible, exchange or exercisable to acquire shares of common stock if the conversion, exchange or exercise price is determined in reference to the current market price of the common stock at or about the time of conversion, exchange or exercise until the outstanding balance of the loan is repaid.

The Company is barred from increasing the number of authorized common shares until the outstanding balance of the loan is repaid.