Ivrnet Inc. announced that the company and R.C. Morris & Company Special Opportunities Fund III Limited Partnership (RCM), the lender of the Company's term loan and credit facility (the "Loan"), have agreed to further amend the Loan to extend the expiry date from May 15, 2023, as previously announced on April 14, 2023, to the earlier of June 15, 2023 or as demanded by RCM. All other terms of the Loan remain the same. No demand for repayment has been made as of the date of this news release.