On March 27, 2024, American Rebel Holdings, Inc. entered into a $1,300,000 Business Loan and Security Agreement with an accredited investor lending source. Under the Secured Loan, the Registrant received the loan net of fees of $26,000. The Registrant repaid two outstanding secured notes to affiliates of the Lender totaling $769,228, resulting in net proceeds to the Registrant of $504,772.

The Secured Loan requires 64 weekly payments of $26,000 each, for a total repayment of $1,664,000. The Secured Loan bears interest at 22.8%. The Secured Loan is secured by all of the assets of the Registrant and its subsidiaries second to a first priority lien secured the holder of the Line of Credit.

Furthermore, the Registrant?s Chief Executive Officer, provided a personal guaranty for the Secured Loan. The Secured Loan provides for a default fee of $15,000 for any late payments on the weekly payments. As long as the Secured Loan is not in default, the Registrant may prepay the Secured Loan pursuant to certain prepayment amounts set forth in the Secured Loan.

Further, any default by the Registrant allows the Lender to take necessary actions to secure its collateral and recovery of funds. The foregoing description of the Secured Loan does not purport to be complete and is qualified in its entirety by reference to the full text of the Secured Loan, which is attached as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.