Item 1.01 Entry Into A Material Definitive Agreement.

As previously disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") by Unique Logistics International, Inc. (the "Company") on April 7, 2021, the Company entered into an Amended and Restated Promissory Note (the "Amended and Restated Note") with an accredited investor (the "Investor"), pursuant to which the Company and the Investor amended and restated in its entirety that certain promissory note, issued to the Investor on March 19, 2020 (the "Original Note"). The Amended and Restated Note were to mature on June 15, 2021 (the "Maturity Date").

As previously disclosed in the Current Report on Form 8-K filed with the SEC by the Company on July 22, 2021, the Company entered into a First Amendment to the Amended and Restated Note (the "First Amendment") with the Investor pursuant to which the Company and the Investor agreed to extend the maturity date of the Amended and Restated Note by deleting "June 15, 2021" in the first paragraph of the Amended and Restated Note and replacing the same with "October 31, 2021."

As previously disclosed in the Current Report on Form 8-K filed with the SEC by the Company on September 28, 2021, on September 23, 2021, the Company entered into a Second Amendment to the Amended and Restated Note (the "Second Amendment") with the Investor pursuant to which the Company and the Investor agreed to extend the maturity date of the Amended and Restated Note by deleting "October 31, 2021" in the first paragraph of the Amended and Restated Note and replacing the same with "December 31, 2021."

On January 6, 2022, the Company entered into a Third Amendment to the Amended and Restated Note (the "Third Amendment") with the Investor pursuant to which the Company and the Investor agreed to extend the maturity date of the Amended and Restated Note by deleting "December 31, 2021" in the first paragraph of the Amended and Restated Note and replacing the same with "March 31, 2022."

A copy of the Third Amendment is included as Exhibit 4.1 to this Current Report on Form 8-K and is hereby incorporated by reference. All references to the Second Amendment are qualified, in their entirety, by the text of such exhibit.




Item 8.01 Other Events.

On January 7, 2022, the Company paid in full the outstanding principal amount of $2 million plus accrued but unpaid interest on certain promissory notes, issued by the Company on September 17, 2021.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
Number    Description
4.1         Third Amendment to Amended and Restated Promissory Note dated January
          6, 2022
104       Cover Page Interactive Data File (embedded within the Inline XBRL
          document).

© Edgar Online, source Glimpses