Safe & Green Holdings Corp. announced that it has entered into a note subscription agreement with new investor e-Lovu Health, Inc to issue a convertible promissory note at a price of $250,000 for the gross proceeds of $250,000 on November 10, 2023. The note carries coupon rate of 8% per annum, computed on the basis of the actual number of days elapsed and a year of 365 days.

All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of the 36 month anniversary of the first sale and issuance of any convertible promissory note pursuant to note subscription agreement. The note and the underlying securities have not been registered under the Securities Act of 1933, as amended or any state securities laws.