Charging Robotics enters $3M credit facility at 12%, tied to uplist

Charging Robotics Inc.

• Up to $3.0 million credit facility with 12% annual interest; principal due upon $3M equity raise.
• Drawdowns available only after uplist to a national exchange (e.g., Nasdaq) becomes effective.
• Warrants issued for 200,000 shares at $15 exercise price, exercisable from uplist date for 5 years.
• Accrued interest repaid upon closing of a $5.0 million equity financing.
• Facility is subordinate to other debt until $5M in equity raised post-uplist.