On September 16, 2024, Signing Day Sports, Inc. (the "Company"), a Delaware corporation, entered into a material definitive agreement by issuing a promissory note to its CEO, Chairman, and director, Daniel D. Nelson. The note, dated the same day, is for a principal amount of $100,000, allowing for advances up to the full amount. Interest on the note is set at a monthly rate of 20%, compounded monthly, starting from the 30th day post-issuance. The total interest will accumulate rapidly, reaching $20,000 by the end of the first month and increasing thereafter. The note's principal, advances, and accrued interest are due on the earlier of December 16, 2024, or upon the Company receiving funding of $1,000,000. Full payment is required within two business days of a written demand from Mr. Nelson after the maturity date. The Company retains the option to prepay without penalty. This financial obligation was disclosed in the Company's Form 8-K filed with the SEC, with the promissory note attached as Exhibit 4.1.

On September 16, 2024, Signing Day Sports, Inc. (the "Company"), a Delaware corporation, entered into a material definitive agreement by issuing a promissory note to its CEO, Chairman, and director, Daniel D. Nelson. The note, dated the same day, is for a principal amount of $100,000, allowing for advances up to the full amount. Interest on the note is set at a monthly rate of 20%, compounded monthly, starting from the 30th day post-issuance. The total interest will accumulate rapidly, reaching $20,000 by the end of the first month and increasing thereafter. The note's principal, advances, and accrued interest are due on the earlier of December 16, 2024, or upon the Company receiving funding of $1,000,000. Full payment is required within two business days of a written demand from Mr. Nelson after the maturity date. The Company retains the option to prepay without penalty. This financial obligation was disclosed in the Company's Form 8-K filed with the SEC, with the promissory note attached as Exhibit 4.1.