Source document
Loading sections…
Sections in this filing
Properties
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On September 8, 2026, T3 Defense Inc. (the “Company”) executed and delivered a Term Note (the “Note”) pursuant to which the Company borrowed $3,000,000 from an institutional lender (“Lender”). The note is due and payable upon the earlier to occur of (i) December 8, 2026; (ii) the consummation of the sale of the $10,000,000 Series B Convertible Preferred Stock as contemplated by the Securities Purchase Agreement dated February 24, 2026 by and between the Company and the Lender; and (iii) the consummation by the Company of a financing in gross proceeds of at least $3,000,000. Interest accrues at the rate of 1% per month. The Note contains representations and warranties of the Company and other provisions customary and typical for instruments on this nature. The above description of the Note does not purport to be complete and is qualified in its entirety by reference to the full text of said agreement, a copy of which is attached hereto as Exhibit 10.54 and incorporated herein by reference.