ITEM 5 – OTHER INFORMATION
−Removed: On July 18, 2024, the Company’s wholly owned
−Removed: subsidiary, Finger Motion Company Limited (the “ Borrower ”), entered into a loan agreement (the “ Loan Agreement ”)
−Removed: Liew Yow Ming (the “ Lender ”) whereby the Lender agreed to advance a short-term loan facility of SGD$1,500,000
−Removed: (the “ Loan ”) to the Borrower for working capital purposes.
−Removed: As of the date hereof, the full amount of the Loan has been
−Removed: drawn upon by the Borrower.
−Removed: Each drawdown portion of the Loan is due one (1) year from the date of the drawdown, unless extended by the
−Removed: If the Lender agrees, the Borrower may prepay the whole or any part of the Loan by providing the Lender not less than three (3)
−Removed: business days prior written notice and subject to payment of interest accrued thereon.
−Removed: Any prepayment of the Loan shall be in an amount
−Removed: of SGD$50,000 or multiples thereof.
−Removed: The Loan shall bear interest at the rate of 1.50% per month, any such interest to accrue from day
−Removed: to day and to be calculated based on a 365-day year, and is payable on a monthly basis on or before the last day of each successive month.
−Removed: The Loan Agreement contains undertakings and covenants of the Borrower whereby the Borrower shall not, without the prior written consent
−Removed: of the Lender (which consent shall not be unreasonably withheld) (i) effect any form or reconstruction or amalgamation by way of a scheme
−Removed: of arrangement or otherwise nor approve, permit or suffer any substantial change of ownership or transfer of any substantial part of its
−Removed: issued capital, (ii) make any loan or advance or extend credit to any person or entity or issue or enter into any guidance or indemnity
−Removed: or otherwise become directly, indirectly or contingently liable for the obligations of any other person or entity except in the ordinary
−Removed: course of business, (iii) sell, lease, license alienate, transfer, assign or otherwise dispose of the whole or any part of the undertaking,
−Removed: property or assets whatsoever and wheresoever situate present or future of the Borrower except in the ordinary course of business, or
−Removed: (iv) amend or alter any provisions in its Memorandum or Articles of Association or such other equivalent constitutional documents to change
−Removed: its objects, borrowing or charging powers in such a manner so as to adversely affect the ability of the Borrower to perform or comply
−Removed: with any one or more of its obligations under the Loan Agreement.
−Removed: The foregoing description of the Loan Agreement
−Removed: does not purport to be complete and is qualified in its entirety by reference to the terms of the Loan Agreement, which is filed Exhibit
−Removed: 10.1 to this Quarterly Report on Form 10-Q and incorporated by reference herein.
−Removed: During our fiscal quarter ended August 31, 2024,
+Added: During our fiscal quarter ended November 30, 2024,
none of our directors or executive officers adopted , modified or terminated any contract, instruction or written plan for the purchase
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Description of Exhibit
−Removed: Loan Agreement between Finger Motion Company Limited and Dr.
−Removed: Liew Yow Ming, dated July 18, 2024.
Certification of Chief Executive Officer pursuant to the Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
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Furnished herewith
−Removed: Portions of this exhibit have been omitted
Pursuant to the requirements of Section 13 or
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FINGERMOTION, INC.
−Removed: October 15, 2024
+Added: January 14, 2025
/s/ Martin J.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.