{"url_path":"/sec/cik-0001922639/8-k/2026-06-25/item-2-04","section_key":"item-2-04","section_title":"Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/1922639/0001493152-26-029980-index.html","accession_number":"0001493152-26-029980","cik":"0001922639","ticker":null,"issuer_name":"Permex Petroleum Corp","edgar_url":"https://www.sec.gov/Archives/edgar/data/1922639/0001493152-26-029980-index.html","primary_entity_key":"0001922639","primary_entity_name":"Permex Petroleum Corp"},"word_count":280,"has_tables":true,"body_markdown":"** **\n\n****\n\n \n\n** **\n\n \n\n \n\n** **\n\n**Item\n2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.**\n\n** **\n\nOn\nApril 13, 2026, counsel to the Debenture Holders (defined below) sent a notice of acceleration and demand (the “Notice of Acceleration”)\nto Permex Petroleum Corporation (the “Company”) accelerating all sums due and owing under the secured convertible debentures\nissued on November 1, 2024 (the “Debentures”) and other loan documents and demanding immediate payment of all outstanding\nprincipal, accrued interest, fees, and expenses.\n\n \n\nOn\nJune 15, 2026, the Company received a notice of foreclosure sale (“Notice of Foreclosure Sale”) from the Debenture Holders\npertaining to the Company’s rights, title and interest in certain oil and gas leases and related property located in Martin Country,\nTexas. Pursuant to the Notice of Foreclosure Sale, the foreclosure sale will be held at 10:00 a.m. on July 7, 2026 at the Martin County\nCourthouse in Stanton, Martin County, Texas.\n\n \n\nAs\npreviously disclosed, on January 28, 2026, the Company received notice from Jeffrey E. Eberwein, on behalf of himself and as collateral\nagent for all holders of the Debentures (the “Debenture Holders”) that the Company was in default of its obligations under\nthe terms of the Debentures by failing to make payments on or before November 2, 2025, and that the Debenture Holders would seek to enforce\ntheir rights and remedies under the Debentures. The Debentures had an aggregate principal of $4,276,389 with interest accruing thereon\nat 10% per annum, and are secured by the Company’s assets.\n\n \n\nCopies\nof the Notice of Acceleration and the Notice of Foreclosure Sale are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively,\nand are incorporated herein by reference."}