First Guaranty waives nine quarterly principal payments on $39.3M note, extends stock interest option through 2028

First Guaranty Bancshares, Inc.

Company waives principal payments of $1,007,812.50 per quarter on Promissory Note from March 2026 to March 2028 (9 quarters).
Interest on both notes may be paid in common stock at company's option through March 31, 2028.
Related party transaction: Lender is Smith & Tate, controlled by director/principal shareholder Edgar Ray Smith III.
Next principal payment due June 30, 2028; final maturity remains October 5, 2033.

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