Dynamic Aerospace Systems Corporation entered into a Master Short-Term Loan Agreement on October 23, 2026, with Chief Operating Officer and Director Jeffrey Hail. The agreement allows Mr. Hail to provide unsecured short-term advances to the Company totaling up to $150,000, with individual advances limited to $40,000 each. Mr. Hail retains the right to terminate further funding with five business days' notice.
The terms of the loan specify that each advance carries a 5% original issue discount. Simple interest is charged at an annual rate of 18% on any unpaid balance exceeding 14 days. The advances are due no later than December 31, 2026, or upon the Company's uplisting to a national securities exchange, whichever occurs first. Additionally, repayments under this agreement take precedence over Mr. Hail's other existing loan agreements with the Company.
On the same day the agreement was signed, Mr. Hail funded an initial advance of $27,000. The filing also references a shareholder letter from CEO Kent B. Wilson, which outlines the Company's operational progress and strategic goals.
