SGII Seaport Global Acquisition II Corporation

On February 16, 2023, Seaport Global Acquisition II Corp. (the “Company”) issued an unsecured promissory note (the “Sponsor Convertible Note”) to Seaport Global SPAC II, LLC, the Company’s sponsor (the “Sponsor”) pursuant to which the Company may request to borrow up to $1,500,000 from Seaport Global SPAC II, LLC for transaction costs reasonably related to the consummation of the Business Combination (as defined below). Any advances under the Sponsor Convertible Note shall be made at the sole discretion of the Sponsor. All unpaid principal under the Sponsor Convertible Note will be due and payable in full on the earlier of (i) the consummation of the Company’s merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”)  and (ii)  August 19, 2023 The Sponsor will have the option, at any time on or prior to the Maturity Date, to convert any amounts outstanding under the Sponsor Convertible Note, up to $1,500,000 in the aggregate, into warrants to purchase the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), at a conversion price of $1.00 per warrant, with each warrant entitling the holder to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to the same adjustments applicable to the private placement warrants sold concurrently with the Company’s initial public offering. As previously disclosed, Stephen Smith, the Company’s Chief Executive Officer is the Chief Executive Officer of Seaport Global Asset Management, LLC, the Managing Member of the Sponsor.