Company: CENN
Filing Date: 2025-10-28
Form Type: 8-K
Source: 0001140361-25-039603
Chunk: 0

Company: Cenntro Inc.
Filing Date: 2025-10-28
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

Cenntro Inc., a Nevada Corporation (the “ Company”) and About Investment Pte. Ltd., a Singapore exempt private company limited by shares (“ About Pte”)
have entered into certain exchange agreement dated October 23, 2025 (the “ Exchange Agreement”), pursuant to which About Pte agreed to exchange the outstanding principal balance on a senior secured convertible note originally issued on July 20,
2022, assigned to About Pte and amended from time to time to extend the maturity date to January 19, 2026, as previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC on May 21, 2025. In consideration for the exchange,
About Pte received a new secured convertible promissory note issued on October 23, 2025, in the principal amount of $4,000,000, with an interest rate of 8% per annum and a maturity date of January 19, 2026 (the “ Exchange Note”). Under the terms of
the Exchange Note, in the event of default, interest shall accrue at the lesser of (i) 10% per annum or (ii) the maximum rate permitted by applicable law. Upon cure of the default, the interest rate shall revert to the original rate of 8% per
annum. Additionally, an event of default may, at the holder’s election, trigger an acceleration of the note’s maturity, in which case 110% of the then-outstanding principal amount, together with all accrued and unpaid interest, shall become
immediately due and payable.

The foregoing descriptions of the Exchange Agreement and the Exchange Note are qualified in their entirety by reference to the full text of the
respective documents. Copies of the Exchange Agreement and the Exchange Note are filed herewith as Exhibits 10.1 and 4.1, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.