Kovo+ Shares Latest Corporate Developments

Extension Agreement with Avonlea Ventures: Kovo+ Holdings Inc. has entered into a fourth extension agreement with its largest shareholder, Avonlea Ventures, extending the Senior Loan Agreement and increasing the borrowing limit under the Secured Promissory Note to USD$3.75 million, with a new maturity date of December 31, 2025.

Acquisition of AI Vector, LLC: Kovo's subsidiary, Nexus AI Data, Inc., has acquired 100% of the assets of AI Vector, LLC for approximately USD$2.993 million, which will enhance Kovo's AI capabilities and support its growth in technology-driven solutions.

Leadership Changes: Kovo announced the resignation of director Robert Galarza and the appointment of Dr. Wayne Young as a new director, who will also join the audit committee, while David Pinkowitz has been named interim CFO.

Related Party Transactions: The transactions with Avonlea Ventures are classified as related party transactions, requiring exemptions from formal valuation and minority shareholder approval due to Kovo's financial difficulties and the aim to improve its financial position.