Safe & Green Holdings Corp. entered into a Securities Purchase Agreement with Peak One Opportunity Fund, L.P. to issue two 8% convertible debenture in aggregate principal amount of $1,300,000 on January 11, 2024. The debentures bear interest rate of 8% and will mature on twelve months from its date of issuance.

The Debenture is convertible, at the option of the holder, at any time, into such number of shares of common stock of the Company equal to the principal amount of the Debenture, plus all accrued and unpaid interest, at a conversion price equal to $0.46 (the ?Conversion Price?). The securities issued are pursuant to exemption provided under Regulation D.