Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 186

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 1C
Chunk 186
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 rate of 7%. The note requires principal repayment January
04, 2025. Note is collateralized by Social Security Services – Urbana invoice #4065 in the amount of $485,785. Additionally, majority
shareholder Lawrence Garcia agreed to transfer 150,000 of his shares to the lender following payment of loan. Balance due on December
31, 2024, was $160,000.

On
November 20, 2024, The Company entered into a short-term loan agreement with First Class Industries. The amount funded was $336,000,
reduced by an original issue discount and fees of $36,000 and with an interest rate of 12%. The note requires principal repayment January
20, 2025. The note is collateralized by Long Beach Veterans Administration invoice # VA-LB NOV24A in the amount of $376,829. Along with all
future invoices until note paid. Additionally, majority shareholder Lawrence Garcia agreed to transfer 150,000 of his shares to the lender
following payment of loan. Balance due on December 31, 2024, was $336,000.

On
November 21, 2024, The Company entered into a short-term loan agreement with W.L.L Associates. The amount funded was $230,000, reduced
by an original issue discount and fees of $30,000 and with an interest rate of 15%. Note requires principal repayment January 05, 2025.
Note is collateralized by Social Security Administration – Durham NC #4060 in the amount of $457,520. Along with all future invoices
until note paid. Additionally, majority shareholder Lawrence Garcia agreed to transfer 250,000 of his shares to the lender following
payment of loan. Balance due on December 31, 2024, was $230,000.

On
December 08, 2024, The Company entered into a short-term loan agreement with W.L.L Associates. The amount funded was $115,000,
reduced by an original issue discount and fees of $15,000
and with an interest rate of 15%. The
note requires principal repayment January 09, 2025. Note is collateralized by Social Security Administration – Urbana MD #4065
in the amount of $485,785. Along with all future invoices until note paid. Additionally, majority shareholder Lawrence Garcia agreed
to transfer 100,000 of his shares to the lender following payment of loan. On January