Safe & Green subsidiary Olenox enters $2M revolving credit line with Prosperity Bank

OLENOX INDUSTRIES INC.

Olenox Corp, wholly-owned subsidiary, borrowed $2M from Prosperity Bank via promissory note dated June 2, 2025.
Note bears 5% interest, due on demand or June 2, 2026; monthly interest payments begin July 2, 2025.
Loan secured by Company's $2M certificate of deposit; net proceeds $1,984,998 after $15,002 fees.
CEO Michael McLaren provides commercial guaranty; default interest rate 18%.
Line of credit for general corporate purposes; lender has right of setoff against all borrower's accounts.

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