• ChemX secures unsecured loan from Ovay Pty Ltd
• Loan facility of up to A$1.2 million for working capital
• Loan to convert to shares upon ChemX's re-listing

ChemX Materials Limited (ASX: CMX) has entered into an unsecured loan agreement with Ovay Pty Ltd, a third-party independent of and unrelated to the company. The loan facility is for up to A$1.2 million, which includes funds already advanced and future advances to be made to the company as it progresses its recapitalisation and restructuring activities. The loan has an interest rate of 15% per annum, calculated daily on a simple interest basis, and a maturity date of 12 months from 13 March 2026, or such later date as the parties agree. The loan and accrued interest will automatically convert into fully paid ordinary shares in the company at a price equal to the share price of any capital raising conducted in connection with the company's re-listing, subject to shareholder approval. The agreement includes standard events of default, such as failure to pay, breach of material terms, insolvency, and the company's failure to re-list within 12 months.