urban-gro settles HVAC equipment dispute with $395,556 note and 150,000 shares

urban-gro, Inc.

• Settlement resolves nonpayment of $326,358.52 second installment for Trane HVAC equipment ordered June 2023.
• Issued 8-month promissory note for $395,556 at 12% interest; seven $50k payments, final $64,046.95.
• Issued 150,000 unregistered shares of common stock to J Brrothers, exempt under Section 4(a)(2) and Regulation D.
• Note may be prepaid without penalty; default interest rate of 17%.
• Agreement includes mutual release, confidentiality, and acknowledgment of urban-gro's responsibility.