EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 AMENDMENT NO. 3 TO PROMISSORY NOTE THIS AMENDMENT NO. 3 TO PROMISSORY NOTE (this “ Amendment ”), dated as of November 20, 2025, is entered into by and between Brownie’s Marine Group, Inc., a Florida corporation (“ Borrower ” or “ Company ”), and Charles F. Hyatt, a member of the Company’s board of directors (the “ Lender ”). The Borrower and the Lender may be referred to herein individually as a “Party” and jointly as the “Parties.” W I T N E S S E T H : WHEREAS, on November 7, 2023, the Borrower issued a promissory note to the Lender in the principal amount of $150,000 (the “ Note ”), with a maturity date of May 7, 2024, to evidence a loan the Lender made to the Borrower on that date and in that amount; and WHEREAS, on November 13, 2024, the Borrower and the Lender entered into an amendment to the Note, to extend the Note’s maturity date from May 7, 2024 to May 7, 2025; and WHEREAS, on June 4, 2025, the Borrower and the Lender entered into an amendment to the Note, to extend the Note’s maturity date from May 7, 2025 to November 7, 2025; and WHEREAS, the Parties desire to amend certain terms of the Note, as set forth below. NOW, THE…
Open exhibit ↗Current Report · Items 1.01, 2.03, 9.01 · 8-K
Brownie's Marine Group, Inc.
BWMGOTCEQUITYCurrent
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item Entry 1.01 into a Material Definitive Agreement. On November 20, 2025, Brownie’s Marine Group, Inc., a Florida corporation (the “Company”), and Charles Hyatt, a director of the Company (“Hyatt”), executed (a) a third amendment to a promissory note in the principal amount of $150,000, which was originally issued by the Company to Hyatt on November 7, 2023 (the “2023 Note”), to further extend t…
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Filed exhibits (2)
EX-4.2 3 ex4-2.htm EX-4.2 Exhibit 4.2 AMENDMENT NO. 3 TO PROMISSORY NOTE THIS AMENDMENT NO. 3 TO PROMISSORY NOTE (this “ Amendment ”), dated as of November 20, 2025, is entered into by and between Brownie’s Marine Group, Inc., a Florida corporation (“ Borrower ” or “ Company ”), and Charles F. Hyatt, a member of the Company’s board of directors (the “ Lender ”). The Borrower and the Lender may be referred to herein individually as a “Party” and jointly as the “Parties.” W I T N E S S E T H : WHEREAS, on February 5, 2024, the Borrower issued a promissory note to the Lender in the principal amount of $280,000 (the “ Note ”), with a maturity date of August 5, 2024, to evidence a loan the Lender made to the Borrower on that date and in that amount; and WHEREAS, on November 13, 2024, the Borrower and the Lender entered into an amendment to the Note, to extend the Note’s maturity date from August 5, 2024 to May 5, 2025; and WHEREAS, on June 4, 2025, the Borrower and the Lender entered into an amendment to the Note, to extend the Note’s maturity date from May 5, 2025 to November 5, 2025; and WHEREAS, the Parties desire to amend certain terms of the Note, as set forth below. NO…
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