GridAI amends Pronghorn convertible note, raises principal to $2.964M with $964K second loan

GridAI Technologies Corp.

GridAI and Pronghorn entered Amended & Restated Secured Convertible Note on Sept 4, 2026, combining $2.0M first loan with $964,000 second advance, total principal $2,964,000.
Note matures Dec 31, 2026 or upon a change of control transaction; interest accrues at 7% annually from maturity date.
Upon event of default, note is convertible into Conversion Interests equal to 10% of Pronghorn's fully diluted capitalization.
Parties also executed First Amendment to Security Agreement dated Sept 4, 2026, replacing the Note definition.

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