Ann: Strategic Loan Funding Arrangement, page-136

Loan agreement
Under the agreement, Cirralto will provide a secured strategic loan to Invigo of $2m on a 6-month
term from the date the loan funds are advanced. Based on the applicable overall interest rate of
10.25% under the agreement, the loan will provide an annualised return on investment to Cirralto of
approximately $205k per annum.
Security has been provided against all company assets and the invoice receivables the loan is being
utilised to fund. In addition, Cirralto has directors guarantees for all borrowings.
The funding provided by Cirralto enables Invigo to leverage its existing loan facilities and broaden its
debt pool on a 10:1 basis. The additional $20m+ capital pool to which Invigo will consequently have
access will be used to provide liquidity to the trading community and support extending credit terms
to buyers, with immediate settlement to the supplier.
Furthermore, the loan funding provided by Cirralto will provide the necessary seed funding
requirements to support the provision by Invigo of Business-to-Business Buy-Now, Pay-Later (“BNPL”)
and Pay by Instalment services (using Cirralto’s SpendaCollect product) across the pilot customer base
contemplated below.


Please see the highlighted statement as per the anns back in April.
It mentions 10:1 and also $20m+ capital pool

However, the Moneytech credit line (which im assuming is actually the approved Invigo credit line) is only for $10m and not $20m+ as per the announcement.

Any comments on why the limit would not be 10:1 or $2m on $20m when the anns stated it would?

Perhaps this is where the issue regarding DW started and meant SPX had to dip into their own funds as Moneytech wouldnt come to the party?