NextBoat enters $2M inventory loan agreement at 15% interest with related-party lender

OFF THE HOOK YS INC.

Signed Master Loan Agreement with RLLT Capital; initial $2.0M advance funded June 22, 2026 for pre-owned boat inventory.
Loan terms: 15% simple interest p.a., 180-day maturity, 1% origination fee, and 5% profit participation on boat sale gross profit.
Loans are unsecured, full recourse; NextBoat and Off The Hook Yacht Sales are jointly and severally liable.
President Jason Ruegg personally guarantees and pledges $5M+ in NXB shares as security; he received no consideration.

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