Comstock Inc. and Georges Trust entered into a Second Note Amendment Agreement on March 30, 2026, modifying a promissory note with a remaining principal of $4,290,000. The original due date for any remaining balance on the note, April 15, 2026, has been extended to July 15, 2026 (the 'True Up Date'). Comstock previously issued 1,500,000 shares of its common stock (LODE Shares) to Georges Trust in August 2025, with proceeds from their sale intended for note repayment. A resale registration statement for the LODE Shares was filed on November 21, 2025, and declared effective on December 10, 2025, allowing the Noteholder to sell the shares. Interest on the unpaid principal balance accrues at a simple rate of 12% per annum, calculated daily. Comstock is not required to make monthly cash interest payments if the monthly proceeds from the sale of LODE Shares exceed $43,000; otherwise, it pays the difference, and unpaid interest is compounded monthly to the principal. As of March 30, 2026, the value of the LODE Shares held by the Noteholder is reported to be more than the remaining principal amount of the Note. On the True Up Date, Comstock will make a cash payment for any remaining balance, calculated as $4,290,000 minus Net Cash Proceeds from LODE Shares sales, minus any cash interest payments made, plus any accrued interest. If the Net Cash Proceeds from LODE Shares sales plus cash interest payments exceed the total amount payable, the Noteholder must return any excess LODE Shares and/or cash to Comstock Inc. The Noteholder is required to notify Comstock Inc. weekly of the Net Cash Proceeds received from LODE Share sales.