Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On May 31, 2023, the Company entered into an Amendment to Security Agreement and Promissory Note (the Burish Amendment") with Mark Burish ("Burish"), the Company's chair of the Board of Directors. The Burish Amendment provides for deferral of a Regular Monthly Payment amount with the payment of a $10,909 Deferral Fee, beginning June 1, 2023. The Deferral Fee is in addition to any other fees, expenses, interest or principal subject to the Security Agreement and Promissory Note, as amended. At any time after September 1, 2023, regardless of whether an Event of default has occurred, Burish may issue a notice in writing to Borrower a Deferral Fee Cancellation Notice at any time after the 15th day of the preceding month that the Deferral Fee will no longer be accepted and that the full Regular Monthly Payment will be due on the first day of the month immediately following said notice.

The Burish Amendment further provides for an increase to the original principal amount of $3,000,000 by up to an additional $2,000,000 in one or more tranches. Such additional borrowings are subject to the same 12% rate of interest per annum. Regular Monthly Payment when resumed will be recalculated based on the remaining months until the Maturity Date and the final principal amount.

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