Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

As previously disclosed, on March 30, 2026, Perfect Moment Ltd. (the "Company") entered into a loan agreement (the "Loan") with X3 Higher Moment Fund LLC as agent for X3 Higher Moment Fund LLC ("X3") and Krane Capital, LLC ("Krane Capital") in an aggregate principal amount of $10,000,000.

On October 9, 2026, the Company and X3 entered into a Second Amendment and Limited Waiver to Loan Agreement ("Amendment"). Pursuant to the Amendment, the aggregate principal amount was increased from $10,000,000 to $11,500,000.

The foregoing description of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment filed as Exhibits 10.1 hereto and incorporated by reference herein.