Complete Solaria issues $5M convertible note to CEO Thurman Rodgers at 12% interest

SunPower Inc.

Convertible promissory note for $5,000,000 issued to a trust controlled by CEO Thurman J. Rodgers.
Note bears 12% interest, matures July 1, 2029; interest payable semiannually starting Jan 1, 2026.
Conversion rate initially 558.6592 shares per $1,000 principal; max ~2,793,296 shares issuable.
Company may redeem note after July 5, 2026 if stock price meets specified thresholds.
Issued under Section 4(a)(2) exemption; shares upon conversion exempt under Section 3(a)(9).

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