Eric Beder

Anthony Vendetti

Scott Fortune

Brian Wright

Ellis Acklin

Eric Des Lauriers

Thomas McGovern

- urban-gro, Inc. (UGRO) entered into a **binding letter of intent** on **October 14, 2025**, for a merger transaction with Flash Sports & Media, Inc..  **[1706524_0001213900-25-098387_ea026107401ex10-1_urban.htm:0]** **[1706524_0001213900-25-098387_ea0261074-8k_urban.htm:1]** 
- Following the merger, former stockholders of Flash Sports & Media, Inc. are anticipated to own approximately **90%** of the combined company, assuming full conversion of preferred stock.  **[1706524_0001213900-25-098387_ea0261074-8k_urban.htm:1]** **[1706524_0001213900-25-098387_ea026107401ex10-1_urban.htm:1]** 
- Key terms include a **$200,000** refundable deposit from Flash Sports & Media, Inc. to urban-gro, Inc., a reverse stock split of at least **1-for-15**, and the combined company changing its name to Flash Sports & Media Holdings, Inc..  **[1706524_0001213900-25-098387_ea026107401ex10-1_urban.htm:0]** **[1706524_0001213900-25-098387_ea0261074-8k_urban.htm:1]** **[1706524_0001213900-25-098387_ea026107401ex10-1_urban.htm:1]** **[1706524_0001213900-25-098387_ea026107401ex10-1_urban.htm:2]** 
- The board of directors will be reconstituted, with Flash Sports & Media, Inc. stockholders designating a majority of directors after the conversion of the Preferred Stock.  **[1706524_0001213900-25-098387_ea0261074-8k_urban.htm:1]** **[1706524_0001213900-25-098387_ea026107401ex10-1_urban.htm:1]**

urban-gro, Inc. Enters Binding Letter of Intent for Merger with Flash Sports & Media, Inc.

- urban-gro, Inc. (UGRO) entered into a **Settlement Agreement** on **September 26, 2025**, with Gemini Finance Corp. to resolve a lawsuit.  **[1706524_0001213900-25-095792_ea025979701ex10-1_urban.htm:0]** **[1706524_0001213900-25-095792_ea0259797-8k_urban.htm:1]** 
- The lawsuit originated from a default by urban-gro's subsidiary, UG Construction, Inc., on a **$10,000,000** revolving credit line from Gemini, resulting in a claim of **$1,486,189**.  **[1706524_0001213900-25-095792_ea025979701ex10-1_urban.htm:0]** **[1706524_0001213900-25-095792_ea0259797-8k_urban.htm:1]** 
- Under the settlement terms, urban-gro will issue shares of its common stock to Gemini, with the net proceeds from their sale intended to equal the **$1,486,189 Claim Amount**.  **[1706524_0001213900-25-095792_ea0259797-8k_urban.htm:1]** **[1706524_0001213900-25-095792_ea025979701ex10-1_urban.htm:1]** 
- The share issuance is contingent on a fairness hearing and is subject to limitations, including an aggregate cap of **19.99%** of urban-gro's outstanding common stock, or **2,589,723** shares, as of the agreement date.  **[1706524_0001213900-25-095792_ea0259797-8k_urban.htm:1]** **[1706524_0001213900-25-095792_ea025979701ex10-1_urban.htm:2]** 
- The lawsuit will be dismissed with prejudice upon the issuance of the final tranche of shares.  **[1706524_0001213900-25-095792_ea0259797-8k_urban.htm:1]**

urban-gro, Inc. settles lawsuit with Gemini Finance Corp. through stock issuance

- urban-gro, Inc. (through its subsidiaries) entered into a Stock and Asset Purchase Agreement with 2WR Holdco, LLC, selling its commercial, industrial, and municipal architectural and construction administration services business (excluding controlled environment agriculture) for a purchase price consisting of **$2.0 million in cash**, offset by a previous deposit of **$500,000** and assumed indebtedness.  **[1706524_0001213900-25-083451_ea0255573-8k_urban.htm:1]** 
- The company received a determination letter from Nasdaq on **August 28, 2025**, stating non-compliance with the **$1.00 minimum bid price** requirement, failure to file its Annual Report on Form 10-K for fiscal year 2024 and Quarterly Reports on Form 10-Q for Q1 and Q2 2025, and failure to maintain **$2.5 million minimum stockholders' equity**.  **[1706524_0001213900-25-083451_ea0255573-8k_urban.htm:2]**  A hearing with the Nasdaq Panel is scheduled for **October 7, 2025**.  **[1706524_0001213900-25-083451_ea0255573-8k_urban.htm:2]** 
- **Lewis O. Wilks resigned** from the Board of Directors on **August 26, 2025**, due to a financial interest in the buyer of the acquired business.  **[1706524_0001213900-25-083451_ea0255573-8k_urban.htm:3]**  Additionally, CEO **Bradley J. Nattrass** voluntarily reduced his annual salary from **$450,000 to $350,000** until at least November 30, 2025, as a cost-saving measure, with other leadership team members making similar reductions.  **[1706524_0001213900-25-083451_ea0255573-8k_urban.htm:3]**

urban-gro (UGRO)