SPAR Group Enters Amendment To Services Agreement With Repositrak On May 29, 2026; Settles $2.3M Obligation, Amendment Allows Repositrak To Accept Payment In Cash, SGRP Common Stock, Or Both

Entry into a Material Definitive Agreement.

On May 29, 2026, SPAR Group, Inc. ("SGRP"), with the approval of the Board of Directors, entered into Amendment No. 1 to the Services Agreement (the "Amendment") with ReposiTrak, Inc. ("ReposiTrak"). Pursuant to the Amendment, the parties agreed to amend a Services Agreement, dated March 13, 2026, by and between SGRP and ReposiTrak, entered into in the ordinary course of business, (the "Services Agreement") to permit ReposiTrak, at its election, to accept payment of amounts owed under the Services Agreement in cash, shares of common stock, par value $0.01 per share ("Common Stock"), of SGRP, or a combination thereof, with any Common Stock issuance valued based on the volume weighted average price of Common Stock for the five trading days immediately preceding the applicable issuance date. On May 29, 2026, ReposiTrak elected to receive payment of the outstanding balance owed to ReposiTrak under Services Agreement in shares of Common Stock.

SGRP issued to ReposiTrak 3,190,569 shares of SGRP's Common Stock (the "ReposiTrak Issuance") at a deemed value of $0.728710119 per share, totaling $2,325,000, in satisfaction of amounts owed to ReposiTrak under the Services Agreement, which were issued on May 29, 206, without restrictions other than applicable securities laws.