Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On June 21, 2024, AgEagle Aerial Systems Inc. (the "Company") entered into an Agreement for the Purchase and Sale of Future Receipts (the "Future Receipts Agreement") with a commercial lender (the "Buyer") pursuant to which the Buyer purchased $1,890,000 ("Purchased Amount") in future receipts of the Company at the discount price of $1,312,500. The Future Receipts Agreement was effective as of June 20, 2024. The Purchased Amount is remitted in weekly installments in the amount of $67,500 until the Purchased Amount has been satisfied. The Company intends to use the proceeds for working capital and general corporate purposes.

The foregoing description of the Future Receipts Agreement does not purport to be complete and is qualified in its entirety by reference to the Future Receipts Agreement, which will be filed as Exhibit 10.1 to this Current Report and incorporated by reference herein.