{"url_path":"/sec/mamo/8-k/2026-06-24/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-24","source_url":"https://www.sec.gov/Archives/edgar/data/1952853/0001493152-26-029886-index.html","accession_number":"0001493152-26-029886","cik":"0001952853","ticker":"MAMO","issuer_name":"Massimo Group","edgar_url":"https://www.sec.gov/Archives/edgar/data/1952853/0001493152-26-029886-index.html","primary_entity_key":"0001952853","primary_entity_name":"Massimo Group"},"word_count":262,"has_tables":true,"body_markdown":"**Item\n1.01**\n**Entry\ninto a Material Definitive Agreement.**\n\n \n\nOn\nJune 23, 2026, Massimo Group, as borrower (the “Company”), entered into a loan agreement (the\n“Loan Agreement”) with David Shan, the Company’s Executive Chairman of the Board of Directors, as lender, pursuant\nto which the Company can borrow up to $4 million (the “Loan”) over a one year period to allow the Company to pursue strategic\ngrowth initiatives, including the development, testing, commercialization and advancement of technology-enabled products, intelligent\nsecurity solutions, autonomous mobility applications and related business activities.\n\n \n\nThe\nLoan bears interest of 4%, payable monthly in arrears, with the aggregate principal amount of all advances made under the Loan Agreement,\ntogether with any remaining accrued and unpaid interest thereunder, to be repaid by the Company in full on June 22, 2027, subject to\nearlier termination or extension as provided in the Loan Agreement.\n\n \n\nThe\nLoan Agreement contains customary affirmative and negative covenants with respect to the Company, including, among other things, compliance\nwith laws, corporate existence, no conflicts, restrictions on the number of advances, and other customary covenants. These covenants\nare subject to a number of limitations and exceptions as provided in the Loan Agreement. Additionally, the Loan Agreement contains customary\nevents of default, bankruptcy and insolvency, and remedies provisions.\n\n \n\nThe\nCompany’s obligations under the Loan Agreement are unsecured.\n\n \n\nThe\ndescription of the Loan Agreement contained in this Item 1.01 is qualified in its entirety by reference to the complete text of the Loan\nAgreement, a copy of which is filed herewith as Exhibit 10.1, to this Current Report on Form 8-K."}