AMASS Brands settles $4M wine purchase obligation for $427k; terminates Full Glass agreement

AMASS BRANDS

Original $4M purchase obligation replaced with $427k settlement; $31,750 due by July 31, 2026.
Remaining $406k Deposit can be applied to redeem AMASS's Series A and Common Units in FGWC at $8.77/unit, with or without future wine purchases.
If Full Glass chooses equity redemption with wine purchase, AMASS receives $270,666.66 cash and $406k equity redemption for 135,333.33 gallons at $5/gal.
Mutual releases of all claims related to Purchase Agreement and equity ownership; California Civil Code Section 1542 waived.
If FGWC undergoes a Sale of Company Transaction within one year, Full Glass must pay AMASS any shortfall between redemption value and sale proceeds.

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