Capstone enters $600K working capital loans from related parties; suspends director cash compensation for 2022

CAPSTONE COMPANIES, INC.

Board suspends cash compensation for independent directors Jeffrey Postal and Jeffrey Guzy for remainder of 2022.
Three $200K working capital loan agreements with related parties (Postal, Group Nexus, Khoury) at 5% interest, 18-month maturity, secured by A/R.
$600K aggregate borrowed in May-June 2022 for inventory, molds, and overhead.
Shareholder record date set for July 15, 2022 to vote on director election and auditor ratification (David Brooks & Associates).

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