Capstone amends management transition pact; extends board/CEO nomination deadline

CAPSTONE COMPANIES, INC.

Amendment extends deadline for Coppermine to submit board nominees and CEO nominee to Dec 31, 2024.
Incumbent CEO Stewart Wallach to resign upon appointment of new CEO, will remain a director.
Breach of transition obligations triggers acceleration of $125,914 promissory note to Coppermine.
$125,914 unsecured note bears 7% interest, matures July 31, 2025 or upon certain events.
Note proceeds used for projected operating costs through Sept 30, 2024 (SEC fees, legal, insurance).

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