On August 4, 2026 (the "Effective Date"), Olenox Industries Inc. (the "Company") entered into an Amendment Agreement (the "Amendment") with General Alpha Ltd., a Saint Kitts and Nevis Company (the "Purchaser"), to amend certain terms and conditions of that Stock Purchase Agreement, dated as of May 29, 2025 (the "Purchase Agreement") and the accompanying Registration Rights Agreement, dated as of May 29, 2025 (the "RRA" and together with the Purchase Agreement, the "Agreements") entered into between the Company and the Purchaser. The basic terms and conditions of the Purchase Agreement and RRA were previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on June 4, 2025, and the full text of the Purchase Agreement and the RRA were filed as Exhibit 10.1 and Exhibit 10.2, respectively, thereto. That original text is incorporated by herein by reference.

The Amendment amends certain terms of the Agreements, including amending the name of the Company in the Agreements from Safe & Green Holdings Corp. to Olenox Industries Inc.; amending the date of the Agreements from May 29, 2025, to August 4, 2026; amending the expiration date of the Purchase Agreement from May 8, 2026, to August 3, 2028. Section 4.18 "Anti-Dilution" of the Purchase Agreement is amended such that anti-dilution shall apply only to shares issued for any reason other than (i) an issuance of shares to board members, employees, or executives of the Company, (ii) an issuance of shares due to conversions of the Company’s existing shares of preferred stock, or (iii) shares issued due to conversions, or for shares issued for acquisitions. Section 7.5 "True-Up" and Section 6.10 "Review of Public Disclosures" are removed in their entirety. The Amendment adds a new section, Section 2.3(b)(ix), allowing the Purchaser to deduct up to 30% of the Put amount to pay towards any outstanding principal or interest on any notes or convertible notes owed by the Company to the Purchaser. The Amendment revises Section 7.6(b) "No Variable Rate Transactions" of the Purchase Agreement such that the Company shall not effect or enter into an agreement to effect any issuance by the Company or any of its subsidiaries of shares of Company common stock ("Common Stock") involving a variable rate transaction that would provide a discount to the recipient over ten percent (10%) in total.