Scorpius Holdings issues $500K non-convertible promissory note at 5% due Oct 31, 2025

Scorpius Holdings, Inc.

Principal $500,000; interest rate 5% per annum; maturity earliest of Oct 31, 2025 or a Corporate Event or post-default.
Premium payment of 5% of principal included on maturity, redemption, or prepayment.
Holder may require redemption using up to 100% of gross proceeds from any subsequent Financing.
Customary events of default include failure to pay indebtedness over $150K by company or subsidiaries.
Note issued under Section 4(a)(2) and Regulation D exemption; not registered under Securities Act.

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