Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 143

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 143
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 of these investments as of June 30, 2025 and 2024, respectively.

USCF Advisers was contractually obligated to pay license fees to an affiliated entity for fiscal years 2025 and 2024.
In February 2025, the license fee agreement was amended to reduce all remaining 2025 and future license fees to zero. As of June 30, 2025,
all obligations had been paid. Total fees paid were $0.3 million and $0.1 million for the years ending June 30, 2025 and 2024, respectively.

Brigadier Security Systems - Related Party Transactions

On June 19, 2025, the Company entered
into a stock purchase agreement with SKCAL LLC, an Arizona limited liability company, pursuant to which the Company has
agreed to sell to SKCAL LLC all of the shares of stock it owns in its wholly owned subsidiary, Brigadier Security Systems (2000)
Ltd., a Canadian registered corporation for $2.2 million. Scott Schoenberger, a director and 10.9%
shareholder of the Company, is the sole member of SKCAL LLC making this transaction between related parties (see Note 16. Subsequent Events for more details).

NOTE
11. NOTES PAYABLE

On
September 19, 2024, we entered into a note purchase agreement the (“Purchase Agreement”) with Streeterville Capital, LLC
(“Holder”), pursuant to which we agreed to issue and sell to Holder a secured promissory note in an initial principal
amount of $4,380,000
(“Initial Note”) payable on or before 24
months from the issuance date (“Maturity Date”) and, upon the satisfaction of certain conditions in the Purchase
Agreement, up to one additional secured promissory note (“Subsequent Note,” Initial Note and Subsequent Note collectively referred to as
“Notes”). The initial principal amount of the Notes includes an original issue discount of 9%
and expenses that the Company agreed to pay to the Holder to cover the Holder’s transaction costs. The original issue discount
of the Initial Note was $360,000.
Interest on the principal amount of the Notes accrues at a rate of 9%
per annum. The Company may pay all or any portion of the amount owed under the Notes earlier than it is due. All payments made under
the Notes, including any repayments, are subject to an additional payment amount equal to 6% of the portion