On December 28, 2023, the American Rebel Holdings, Inc. entered into a $500,000 Business Loan and Security Agreement (the ?Secured Loan?) with Alt Banq Inc., an accredited investor lending source (the ?Lender?). Under the Secured Loan, the company received $490,000 on December 29, 2023, which was net of fees to the Lender. The Secured Loan requires 52 weekly payments of $11,731, for a total repayment of $610,000 to the Lender.

The principal balance bears interest at 22% per annum. The Secured Loan, is secured by all of the assets of the company and its subsidiaries second only to a previously secured line of credit and contains other customary terms and conditions for agreements of its type. Further, the Registrant?s CEO, Charles A. Ross, Jr., provided a personal guaranty for the Secured Loan.