Zedcor Inc.
announce that, it has entered into an amended and restated Commitment Letter
with its primary lender which provides for a total of $6.0
million in equipment financing. Zedcor currently has $2.7 million drawn on its equipment financing facility and the Amended
Commitment Letter will provide Zedcor with an additional $3.3 million which is immediately
available to the Company. Zedcor anticipates it will draw down on the remaining availability
prior to the end of 2022 to fund its capital program for the purchase of additional MobileyeZ
security towers. The Amended Commitment Letter did not alter any material terms of the Company's prior loan
agreement other than an additional underwriting fee of $15,000, equivalent to 0.5% of the
increase in the equipment financing facility.