Material Agreement, Financial Obligation (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On February 19, 2025, Bespoke Extracts Colorado, LLC (the "Bespoke Colorado"), a wholly owned subsidiary of the Company, entered into an Agreement for Conversion of Amounts Owed to Promissory Note and Agreement to Amend Lease (the "Agreement") with WL Holdings, Ltd (the "Landlord"). The Agreement relates to that certain lease dated December 2, 2021 (the "Lease") between Bespoke Colorado and WL Holdings, Ltd as previously disclosed in the Company's Current Report on Form 8-K filed on December 2, 2021.

Under the Agreement, the Bespoke Colorado and the Landlord agreed to:

Convert $169,000 of unpaid rent owed by the Bespoke Colorado to the Landlord as of December 31, 2024, into a promissory note issued by the Bespoke Colorado to the Landlord.

Extinguish certain promissory notes previously issued by WL Holdings, Ltd to the Company, effective December 31, 2024.

Amend the Lease, effective January 1, 2025 by reducing the Base Rent to $4,000 per month.

A copy of the Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description is qualified in its entirety by reference to the full text of the Agreement.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On February 19, 2025, pursuant to the Agreement described in Item 1.01 above, Bespoke Colorado issued a promissory note (the "Note") to WL Holdings, LTD in the principal amount of $169,000. The Note reflects the conversion of $169,000 in unpaid rent owed by Bespoke Colorado to the Landlord under the Lease.

Key terms of the Note include:

Maturity Date: The principal balance and accrued interest are due and payable on December 31, 2030.

Interest Rate: Interest accrues at an annual rate of 10% per annum from December 31, 2024, payable monthly in arrears on the last day of each month.

A copy of the Note is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing description is qualified in its entirety by reference to the full text of the Note.