Update on iGoDirect Loan

My Rewards International Ltd (ASX:MRI) has entered into an additional Software Licence Deed and Deed of Acknowledgement, resulting in a deemed consideration of $275,000, which will reduce the outstanding loan amount to $145,657.48 plus interest. The Company is currently negotiating a payment extension for the reduced loan amount.

Executive Commentary

The Company has successfully taken steps to reduce the outstanding loan amount through the execution of additional agreements. We are committed to managing our financial obligations effectively and will continue to work towards favorable terms for the payment extension. This action aligns with our strategic approach to maintaining a strong financial position and sustainable growth.

Summary

My Rewards International Ltd (ASX:MRI) has further reduced the iGoDirect loan amount through the execution of additional agreements, demonstrating proactive financial management. The Company is currently in negotiations for a payment extension, reflecting its commitment to responsible financial practices. This development aligns with My Rewards' strategic focus on maintaining a robust financial position to support its global growth initiatives and enhance shareholder value.