EXHIBIT 10.3

 

 

 

 

ADDENDUM NO. 2 TO THE LOAN AGREEMENT

 

 

This Addendum No. 2 (the “Addendum”) is made on 02 April 2026.

 

BETWEEN:

 

Igor Salindrija, holder of passport number 326978523, issued by the Republic of Croatia, residing at Rua Maria 51, R/C Esq. Arroios, 1170-210 Lisboa, Portugal (the “Lender”)

 

and

 

Meridian Gaming Limited, a company incorporated under the laws of Malta under registration number C41334, having its registered address at 8, Villa Seminia, Level 3, Vjal Sir Temi Zammit, Ta' Xbiex, XBX 1011, Malta, represented by its duly authorized director (the “Borrower”).

 

1. Background

 

(A) The Parties entered into a Loan Agreement dated 1 April 2024 pursuant to which the Lender granted the Borrower a loan in the principal amount of EUR 2,000,000.

 

(B) The Parties entered into Addendum No. 1 dated 5 January 2026 amending the repayment schedule of the Loan.

 

(C) As of 1 April 2026, an outstanding principal amount of EUR 900,000 remains due and payable.

 

(D) The Parties wish to amend the repayment schedule applicable to the outstanding amount and regulate the continued accrual of interest.

 

2. Acknowledgement of Outstanding Debt

 

The Borrower irrevocably acknowledges and confirms that, as of 1 April 2026, the outstanding principal amount due to the Lender under the Loan Agreement is EUR 900,000 (the “Outstanding Principal”).

 

Meridian Gaming LTD

8, Villa Seminia, Level 3, Vjal Sir Temi Zammit, Ta Xbiex, Xbx 1011, Malta

Reg. No. C 41334

 

 
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3. Revised Repayment Schedule

 

Due Date

Principal Amount (EUR)

 

 

01 June 2026

100,000

 

 

15 June 2026

100,000

 

 

01 July 2026

100,000

 

 

15 July 2026

100,000

 

 

01 August 2026

150,000

 

 

15 August 2026

150,000

 

 

01 September 2026

200,000

 

The Outstanding Principal shall be fully repaid no later than 1 September 2026.

 

4. Interest

 

4.1 Interest shall continue to accrue on the Outstanding Principal at the rate of seven per cent (7%) per annum.

 

4.2 Interest shall accrue from 2 April 2026 until the date on which the Outstanding Principal is repaid in full.

 

4.3 Following each partial repayment of principal, interest shall accrue only on the reduced outstanding balance.

 

4.4 All interest accrued pursuant to this Addendum shall become due and payable on 1 September 2026 and shall be paid together with the final principal instalment of EUR 200,000 due on such date. For the avoidance of doubt, no interim interest payments shall be required prior to 1 September 2026 unless otherwise agreed by the Parties in writing.

 

5. Confirmation

 

Save as expressly amended by this Addendum, all terms and conditions of the Loan Agreement and Addendum No. 1 remain in full force and effect. This Addendum forms an integral part of the Loan Agreement.

 

6. Governing Law

 

This Addendum shall be governed by and construed in accordance with the laws of Malta.

 

Meridian Gaming LTD

8, Villa Seminia, Level 3, Vjal Sir Temi Zammit, Ta Xbiex, Xbx 1011, Malta

Reg. No. C 41334

 

 
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THE BORROWER:  

 

 

Name:

Stefan Pavlovic

 

Title:

Director

 

Date:

02 April 2026.

 

 

 

 

 

 

 

THE LENDER: 

 

 

Igor Salindrija

 

Date:

02 April 2026.

 

 

 

Meridian Gaming LTD

8, Villa Seminia, Level 3, Vjal Sir Temi Zammit, Ta Xbiex, Xbx 1011, Malta

Reg. No. C 41334

 

 
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Schedule 1 – Interest Calculation Schedule

 

Applicable Period

Outstanding Principal (EUR)

Interest Rate

Days

Interest (EUR)

 

02 Apr–31 May 2026

 

900,000

 

7%

 

60

 

10,356.16

 

01 Jun–14 Jun 2026

 

800,000

 

7%

 

14

 

2,147.95

 

15 Jun–30 Jun 2026

 

700,000

 

7%

 

16

 

2,147.95

 

01 Jul–14 Jul 2026

 

600,000

 

7%

 

14

 

1,610.96

 

15 Jul–31 Jul 2026

 

500,000

 

7%

 

17

 

1,630.14

 

01 Aug–14 Aug 2026

 

350,000

 

7%

 

14

 

939.73

 

15 Aug–31 Aug 2026

 

200,000

 

7%

 

17

 

652.05

 

Total Interest: EUR 19,484.94

 

The aggregate interest amount calculated under this Schedule, being EUR 19,484.94, shall be paid in full on 1 September 2026 together with the final principal instalment.

 

This Schedule is provided for calculation and clarification purposes and forms an integral part of Addendum No. 2.

 

Meridian Gaming LTD

8, Villa Seminia, Level 3, Vjal Sir Temi Zammit, Ta Xbiex, Xbx 1011, Malta

Reg. No. C 41334

  

 

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