NextNRG enters into two promissory notes with CEO for $712,000 at 12% interest

NEXTNRG, INC.

Michael D. Farkas, CEO and majority shareholder, lends $600,000 (May 5 Note) and $112,000 (May 9 Note) for working capital.
Both notes carry 12% fixed interest and mature earlier of one year or cumulative capital raise of $4 million.
Notes issued with original issue discount of $72,000 and $12,000 respectively, reflecting effective higher cost.
The CEO is the lender, making this a related-party transaction; proceeds used for working capital.

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