Sow Good Inc. announced that it has entered into a note and warrant purchase agreement with multiple accredited investors for a private placement of of up to $1,500,000 in the April 2023 Promissory Notes and ten-year warrants to purchase up to an aggregate of 375,000 shares on April 25, 2023. The transaction included participation from Ira Goldfarb Irrevocable Trust for $750,000, Benno Fisher for $400,000, and Cesar J. Gutierrez Living Trust for $50,000. The Notes are one year notes.

Interest on the Notes accrues at a rate of 8% per annum, payable in cash semi-annually on June 30 and December 31, with appropriate pro rata adjustments made for any partial interest accrual period, and the outstanding principal amount of the Notes matures and becomes due and payable on the Maturity Date. The Company may prepay this Note in whole, but not in part, at any time after the first anniversary of the date hereof. The Company shall give the Holder of this Note no less than five (5) business days' prior written notice of any prepayment.

No payment of principal or other fee under this Note shall be due until April 25, 2024.