NextNRG borrows $420K from CEO via two promissory notes; extends Alcourt note maturity

NEXTNRG, INC.

CEO Michael D. Farkas lends company $224K (May 19) and $196K (May 20), both at 12% interest for working capital.
Notes mature in one year or upon $4M cumulative capital raise; issued with OID of $24K and $21K respectively.
Alcourt Note ($1M, 15%) extended to May 31, 2025, in exchange for 26,000 shares and a $150K extension fee.
Transactions are related-party; Farkas is CEO, Chairman, and majority shareholder of NextNRG.

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