Halo Labs Inc. announced that unexpected surge in sales and the Company has entered into a commitment letter (the "Commitment Letter") to obtain up to CAD 10 million in unsecured, non-dilutive and non-convertible credit from an arm's length lender. The financing is comprised of an unsecured non-revolving line of credit for up to CAD10 million (the "Credit Facility"). The Company will be permitted to draw from the Credit Facility for a period of 12 months from the date of closing. Individual draws under the Credit Facility will bear interest at a rate of 9% per annum and have a maturity date of 18 months from the date of drawdown. The Credit Facility remains subject to the satisfaction or waiver of certain customary conditions precedents and the negotiation and execution of definitive documentation, however, in accordance with the terms of the Commitment Letter, the Company will receive an initial advance of CAD 500,000 (the "Initial Advance") while the parties negotiate such definitive documentation. In connection with the entering into of the Credit Facility, the Company has agreed to issue common shares in satisfaction of: (i) a CAD 200,000 administrative fee, (ii) a CAD 200,000 commitment fee, and (iii) a CAD 300,000 corporate advisory fee. The Company expects to issue an aggregate  total of 6,666,666 common shares in satisfaction of such amounts, of which 3,333,333 common shares are expected to be issued following receipt by Halo of the Initial Advance in accordance with the terms of the Commitment Letter and subject to receipt of all necessary approvals, including the approval of the NEO Exchange Inc.  If required by applicable securities laws, such common shares will be subject to a statutory hold period of 4 months plus a day.