10. Note Receivable NOMAD Transportable Power Systems, Inc

On June 16, 2026, in connection with its pending merger with NOMAD (see Note 11), the Company advanced $6,500,000 to NOMAD under a secured promissory note, the proceeds of which were used primarily to repay NOMAD’s existing bank loan. The note bore interest at 15% per annum (not accruing until the merger closed or terminated), matured 30 days after issuance with automatic 30-day renewals while the merger remained pending, and was secured by a first-priority lien on substantially all of NOMAD’s assets. The note is repayable if the merger did not close. At June 30, 2026, the Company carried a note receivable of $6,500,000 for the principal advanced. No interest had accrued, and no allowance for credit losses was required. The merger closed on July 1, 2026, at which point the $6,500,000 principal balance of the note was applied against the Company’s post-closing working capital advance obligation to NOMAD (see Note 11), and the note was cancelled.