Safe & Green obtains $188K via convertible note and cash advance; conversion price drops to $0.10 after 180 days

OLENOX INDUSTRIES INC.

Issued $143,750 promissory note at 15% interest; net proceeds $125,000 after $18,750 original issue discount.
Subsidiary SG Building Blocks sold $104,930 future receivables for net $63,000; daily withdrawal of $2,998.
Note convertible at $1.30/share for first 180 days, then $0.10/share; 200% default penalty on unpaid amounts.
Event of default includes Nasdaq delisting; conversion limitation (19.9%) waived upon delisting.
Monthly payments of $18,368 start Feb 28, 2025; default interest rate 22% per annum.

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