Note 6 – Notes Receivable

On July 31, 2026, the Company entered into a $5,000,000 secured convertible promissory note agreement with Owl Autonomous Imaging, Inc. (“Owl”). The note bears simple interest at 7% per annum, computed on an actual/365-day basis, and matures on July 31, 2027, unless earlier repaid, accelerated or converted. Owl may prepay the note at any time, together with accrued and unpaid interest.

The note provides the Company with the option to convert all or a portion of the outstanding principal and accrued interest into Owl equity securities upon a qualifying equity financing or, if the note remains unpaid, at or after maturity. The conversion price is the lower of (i) 80% of the applicable equity financing price or preferred stock conversion price, representing a 20% discount, or (ii) the price determined using a $140 million valuation cap based on Owl’s fully diluted capitalization. The note is secured by a first-priority security interest in specified tangible assets of Owl pursuant to a related security agreement.

The note receivable is carried at amortized cost, including consideration of the conversion feature embedded within the note. As of September 30, 2026, the carrying value of the note receivable was $5,000,000. Interest accrued during the three and nine months ended September 30, 2026 was $59,452 and was recorded within other current assets.