Safe and Green modifies $200K promissory note with Palermo, extends maturity to March 2025, rate to 11.99%

RenX Enterprises Corp.

Maturity of $200K note extended to March 1, 2025 under modification agreement effective Oct 2, 2024.
Interest rate increased from 10.99% (with ACH) to 11.99% (without ACH) effective upon modification.
Original note of $148.3K from Aug 2022 later increased to $200K; debt remains secured by a deed on property in St. Mary's, GA.
Modification solely extends maturity and adjusts rate; all other terms of the Security Deed remain unchanged.

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