Starco Brands borrows $500K from CEO Ross Sklar via promissory note at 4% interest

Starco Brands, Inc.

Starco issued $500,000 promissory note to CEO Ross Sklar in exchange for cash advance.
Note carries 4% annual interest, compounded monthly; matures December 13, 2023.
Default interest rate increases to 10% simple interest if repayment missed at maturity.
Company may prepay principal and accrued interest at any time without penalty.
Insider transaction: CEO is both maker and payee; board director Darin Brown also signed.

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