Item 1.01 Entry into a Material Definitive Agreement.
On December 29, 2022, Odyssey Health, Inc., f/k/a Odyssey Group International,
Inc. (the "Company"), entered into Amendment No. 4 to the Convertible Promissory
Note (the "Amendment") to the Securities Purchase Agreement dated April 5, 2021,
with LGH Investments, LLC ("LGH"). Pursuant to the Amendment, the parties have
agreed to extend the maturity date of the note to March 31, 2023. As
consideration, the Company shall paydown thirty-five thousand ($35,000) towards
the principal amount outstanding and fifty thousand ($50,000) shall be added to
the principal amount outstanding. All other terms and conditions remain the
same.
On December 30, 2022, the Company entered into five Promissory Note Amendments
(the "Amendments"), to the Promissory Notes entered into December 21, 2021 and
December 22, 2021 and as amended April 20, 2022, June 3, 2022 and September 30,
2022, with three directors and two officers of the Company. Pursuant to the
Amendments, the parties have agreed to extend the maturity date of the note to
March 31, 2023. All other terms and conditions remain the same.
On December 30, 2022, the Company entered into a Promissory Note Amendment (the
"Investor Amendment"), to the Promissory Notes entered into September 21, 2022,
with Jonathan Lutz, an accredited investor. Pursuant to the Investor Amendment,
the parties have agreed to extend the maturity date of the note to January 31,
2023. All other terms and conditions remain the same.
The Amendment No. 4 and Promissory Notes Amendments are attached as Exhibit
10.1, 10.2 and 10.3 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth above under Item 1.01 is hereby incorporated by
reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Number Exhibit
10.1 Amendment No. 4 to Convertible Promissory Note
10.2 Form of Amendment No. 4 to Promissory Note
10.3 Amendment No. 1 to Convertible Promissory Note
104 Cover Page Interactive Data File (embedded within the Inline XBRL
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