Charlotte's Web lends $750,000 to joint venture DeFloria at 13.25% interest

Charlotte's Web Holdings, Inc.

Principal $750,000 payable in 5 monthly tranches; first $375,000 upon execution, then $93,750 each starting Aug 1, 2025.
Interest initially 13.25% per annum (Bank of England Base Rate + 8%), capped at 14%; non-compounded.
Maturity on Dec 31, 2026 or earlier if DeFloria raises at least $10M in preferred equity or convertible debt.
Loan from Charlotte's Web, Inc. to DeFloria Inc., a JV with AJNA BioSciences and BAT (BTI/BATS).
Upon a Deemed Liquidation Event, repayment includes a 20% premium on principal plus accrued interest.

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