Item 3. Legal Proceedings
Item
3. Legal Proceedings
Other
than the following proceedings, we are not a party to any material pending legal proceedings and, to the best of our knowledge,
none of our property or assets are the subject of any material pending legal proceedings.
19
On February 17, 2024, Agile Capital Funding
LLC filed a Confession of Judgment executed by Philip Falcone with the Supreme Court of the State of New York, County of New York.
The filing stated that Sovryn Holdings Inc. and Madison Technologies Inc. owe Agile an amount of approximately $190,444 as of February
17, 2024, representing funds received on January 30, 2023, net of repayments, together with accrued interest and collection fees.
Item
4. Mine Safety Disclosures.
Not
Applicable.
20
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.