Item 1.02 Termination of a Material Definitive Agreement.

On November 15, 2022, Amergent Hospitality Group Inc., a Delaware corporation, received full forgiveness of its Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loan originally disbursed through lender Towne Bank on April 27, 2020 in the aggregate principal amount of $2,109,400. The principal amount and accrued interest in the amount of $54,610.02 were forgiven in full.

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