EZFill Holdings Inc. announced that it has entered into a promissory note with returning investor Next Charging, LLC for the gross proceeds of $110,000 on January 5, 2024. The Note has an original issue discount equal to $10,000, which is 10% of the aggregate original principal amount of the Loan. The unpaid principal balance of the note has a fixed rate of interest of 8% per annum for the first nine months, afterward, the Note will begin to accrue interest on the entire balance at 18% per annum.

The maturity date will automatically be extended for 2 month periods, unless Next sends 10 days written notice, prior to the end of any 2 month period, that it does not wish to extend the Note, at which point the end of the then current 2 month period shall be the Maturity Date. The note will mature on March 5, 2024.