- **Autozi Internet Technology (Global) Ltd.** (the "Company") entered into a **Waiver and Release Agreement** with JAK Opportunities XII LLC on **September 19, 2025**.  **[1959726_0001493152-25-014375_ex99-2.htm:0]** **[1959726_0001493152-25-014375_form6-k.htm:1]** 
- This agreement resulted in the **termination of the Registration Rights Agreement** and the **cancellation of all six outstanding Incremental Warrants**, which previously allowed the investor to purchase up to **$24,000,000** in additional convertible notes.  **[1959726_0001493152-25-014375_ex99-2.htm:0]** **[1959726_0001493152-25-014375_form6-k.htm:1]** 
- In exchange, the Company issued a **new senior unsecured convertible note** to JAK Opportunities XII LLC with an **original principal amount of $1,534,250**.  **[1959726_0001493152-25-014375_ex99-2.htm:0]** **[1959726_0001493152-25-014375_ex99-1.htm:0]** **[1959726_0001493152-25-014375_form6-k.htm:1]** 
- The new note bears **no interest**, **matures in one year**, and has a conversion price of **$0.2197**.  **[1959726_0001493152-25-014375_form6-k.htm:1]** **[1959726_0001493152-25-014375_ex99-1.htm:1]**

Autozi Internet Technology (Global) Ltd. Enters Waiver and Release Agreement, Issues New Convertible Note

- Autozi Internet Technology (Global) Ltd. announced it entered into material definitive agreements, including a Waiver and Release Agreement with JAK Opportunities XII LLC on **September 19, 2025**.  **[1959726_20250922CN79626:0]** 
- Under this agreement, the Investor terminated its registration rights and relinquished its right to future investments under Incremental Warrants, which allowed the Investor to purchase up to **$24,000,000** in additional convertible notes and were subsequently cancelled.  **[1959726_20250922CN79626:0]** 
- In exchange for these waivers and terminations, Autozi issued a **new senior unsecured convertible note** to the Investor with an original principal amount of **$1,534,250**, bearing no interest and maturing in one year.  **[1959726_20250922CN79626:0]**  This note was issued in a private placement exempt from registration.  **[1959726_20250922CN79626:0]**

Autozi Internet Technology (Global) (AZI)