Splash Beverage Group, Inc. entered into a securities purchase agreement with certain accredited investors on September 29, 2023. The Company sold the Purchasers senior convertible notes in the aggregate original principal amount of $1,250,000, convertible into up to 1,470,588 shares of common stock of the Company, par value $0.001 per share, subject to adjustments as provided in the Notes 625,000 shares of Common Stock and warrants to acquire up to an aggregate of 1,250,000 additional shares of Common Stock. The Closing is subject to customary closing conditions and the Company will receive gross proceeds of $1,250,000 on Closing.

The conversion price of the Notes is $0.85 per share, subject to adjustments as provided in the Notes. The notes will bear 12% of interest rate per annum and will mature eighteen months from the issuance date of the Notes. Subject to the conversion of the Notes, any accrued interest outstanding is payable in full on the maturity date of the Notes.

The Warrants are exercisable from the date of issuance until October 3, 2028, at an exercise price of $0.85 per Warrant Share, subject to adjustments as provided in the Warrants. The minimum investment accepted from any outside investor is $100,000. The company will issue securities pursuant to exemption provided under Regulation D.