Scorpius Holdings issues $490k promissory note at 5% interest, matures Sept 30, 2025

Scorpius Holdings, Inc.

Principal $490,000; interest 5% per annum; maturity on earlier of Sept 30, 2025, Corporate Event, or default.
Note includes a 5% premium on principal payable upon maturity, redemption, or prepayment.
Holder may require redemption using up to 100% of gross proceeds from any subsequent Financing while note is outstanding.
Events of default include company or subsidiaries failing to pay >$150k debt to third parties, subject to exceptions.
Note sold under Section 4(a)(2) of Securities Act and Regulation D, unregistered.

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