PDH Premier Diversified Holdings Inc

Premier Diversified Holdings Inc. ("Premier" or the "Company") (TSXV: PDH) announces that it has entered into certain loan agreements, as set out below.

Loan Agreements with MPIC Fund I

Premier entered into a loan agreement (“Loan Agreement”) dated August 9, 2023 with MPIC Fund I, LP ("MPIC") for a secured loan in the principal amount of up to USD$200,000 (the "August Loan"). The August Loan matures on August 9, 2024 and bears interest at a rate of 6% per annum.

Premier entered into a loan agreement (“September Loan Agreement”) dated September 15, 2023 with MPIC for a secured loan in the principal amount of up to USD$140,000 (the "September Loan"). The September Loan matures on September 16, 2024 and bears interest at a rate of 6% per annum.

The August Loan and the September Loan are secured with all of the present and after-acquired property of the Company and rank equally in priority with all of the loans previously made to the Company by MPIC. The August Loan and the September Loan will be used for working capital, including for Premier’s partially owned subsidiaries, Purposely Platform Inc. (“Purposely”) and MyCare MedTech Inc. (“MyCare”) and may be used to acquire an additional interest in MyCare.

The Company is not issuing any securities, or paying any bonus, commission, or finder's fees on the loan. The loan is repayable at any time without penalty. Purposely and MyCare are generating revenue, and the Company expects to receive re-payment of funds from such entities, allowing it to partially repay some of the funds owed to MPIC. The loan is subject to review and acceptance by the TSX Venture Exchange.

Amended Loan Agreements with MPIC Fund I, LP

The Issuer previously entered into a certain loan agreement dated August 4, 2022 for a loan from MPIC in the principal amount of USD$100,000. The parties entered into an amending agreement dated August 4, 2023 to extend the maturity date of the loan from August 4, 2023 to August 6, 2024.

The Issuer previously entered into a certain loan agreement dated September 7, 2022 for a loan from MPIC in the principal amount of USD$100,000. The parties entered into an amending agreement dated August 14, 2023 to extend the maturity date of the loan from September 7, 2023 to September 9, 2024.

The Issuer previously entered into a certain loan agreement dated July 22, 2021 in the principal amount of USD$80,000 as amended July 14, 2022, for a loan from MPIC. The parties entered into a second amending agreement dated July 21, 2023 to extend the maturity date of the loan from July 22, 2023 to July 22, 2024.

The Issuer previously entered into a certain loan agreement dated August 25, 2021 in the principal amount of USD$100,000 as amended August 16, 2022, for a loan from MPIC. The parties entered into a second amending agreement dated August 14, 2023 to extend the maturity date of the loan from August 25, 2023 to August 26, 2024.

The Issuer previously entered into a certain loan agreement dated July 28, 2020 in the principal amount of USD$150,000 as amended July 22, 2021 and amended again on July 28, 2022, for a loan from MPIC. The parties entered into a third amending agreement dated July 28, 2023 to extend the maturity date of the loan from July 28, 2023 to July 29, 2024.

The Issuer previously entered into a certain loan agreement dated September 1, 2020 in the principal amount of USD$120,000 as amended September 1, 2021 and amended again on August 29, 2022, for a loan from MPIC. The parties entered into a third amending agreement dated August 14, 2023 to extend the maturity date of the loan from September 1, 2023 to September 3, 2024.

The Issuer previously entered into a certain loan agreement dated October 5, 2022 for a loan from MPIC in the principal amount of USD$90,000. The parties entered into an amending agreement dated September 15, 2023 to extend the maturity date of the loan from October 7, 2023 to October 7, 2024.

The Issuer previously entered into a certain loan agreement dated October 7, 2020 in the principal amount of USD$75,000 as amended October 7, 2021 and amended again on October 5, 2022, for a loan from MPIC. The parties entered into a third amending agreement dated September 15, 2023 to extend the maturity date of the loan from October 9, 2023 to October 9, 2024.

The Issuer previously entered into a certain loan agreement dated October 23, 2020 in the principal amount of USD$75,000 as amended October 23, 2021 and amended again on October 5, 2022, for a loan from MPIC. The parties entered into a third amending agreement dated September 15, 2023 to extend the maturity date of the loan from October 23, 2023 to October 23, 2024.

No other material terms were amended under any of the foregoing amendments.

Related party transaction disclosure

As MPIC is a control person of Premier, the August Loan and the amended loan agreements described above each constitute "related party transactions" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security holders in Special Transactions ("MI 61-101"). These agreements have been determined to be exempt from the requirements to obtain a formal valuation or minority shareholder approval based on sections 5.5(b) and 5.7(1)(f) of MI 61-101.

Premier does not have securities listed or quoted on any of the specified markets listed in section 5.5(b) of MI 61-101. Premier is relying on the exemption from minority shareholder approval in 5.7(1)(f) of MI 61-101 as the loans were obtained by Premier from MPIC on reasonable commercial terms that are not less advantageous to Premier than if the loans had been obtained from a person dealing at arm’s length with Premier. Further, the loans are not convertible, directly or indirectly, into equity or voting securities of Premier or a subsidiary entity of the issuer, or otherwise participating in nature, or repayable as to principal or interest, directly or indirectly, in equity or voting securities of Premier or a subsidiary entity of the issuer.

About Premier Diversified Holdings Inc.

Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of securities and/or assets of public and private entities which it believes have potential for significant returns. It may act as a holding company (either directly or through a subsidiary) and may participate in management of subsidiary entities to varying degrees.

On behalf of the Board of Directors

"Sanjeev Parsad"

Sanjeev ParsadPresident, CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdictions in which such offer, solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus exemptions and restricted to persons to whom the securities may be sold in accordance with the laws of such jurisdictions, and by persons permitted to sell the securities in accordance with the laws of such jurisdictions.

Further information regarding the Company can be found on SEDAR at www.sedar.com.

Legal Notice Regarding Forward Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include those regarding loan terms including regarding maturity date(s), that PDH will repay the loans from MPIC as disclosed in the news release, and that the net proceeds of the Loans will be used as stated in this news release. Factors that could cause actual results to be materially different include but are not limited to the following: that any revenue which PDH makes indirectly via its operating subsidiaries will be insufficient to repay the loans to MPIC, that its operating subsidiaries, including MyCare, will not generate revenue, or will retain or redirect such revenue, that the terms and conditions of the various loans may be amended, that the management or board of PDH may use its revenue or other the funds for other purposes, that the capital raised will be insufficient capital to accomplish our intentions and capital alone may not be sufficient for us to grow our business, that the issuer's financial position will not improve, will stay the same or will decline further, that the timing of receipt of anticipated revenues or returns may be delayed, that its ongoing expenses including general and administrative expenses will increase, and that complications or unforeseen obstacles from COVID-19 or other factors may negatively impact Premier. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

For further information, contact:
Sanjeev Parsad, President and CEO

Phone: (604) 678.9115
Fax: (604) 678.9279
E-mail: sparsad@pdh-inc.com
Web: www.pdh-inc.com