A credit facility in the maximum aggregate principal amount of $24.0 million (“Credit Facility”), consisting of (i) a term loan (the “Term Loan”) in the principal amount of $21.0 million, which was funded in full on April 30, 2026, (ii) a revolving line of credit in the principal amount of $2.0 million and (iii) an interest line loan facility (the “Interest Line Loan Facility”) in the principal amount of $1.0 million. Loans outstanding under the Credit Facility will bear interest at an overall rate of 13.5% per annum, with 11.0% paid in cash and 2.5% paid-in-kind. As of June 30, 2026, $21,090,514 of principal and $194,595 of interest was owed to the lender.

$

21,090,514

$

-

The unsecured loan (the “Amended Facility Agreement”) from Conrent whereby, as of March 1, 2021, the Company had borrowed $42,864,000, bearing interest at a rate of 4% per annum, payable in arrears annually beginning July 1, 2021, with all principal and accrued and unpaid interest due on July 1, 2024, which Amended Facility Agreement was further amended resulting in all principal and accrued and unpaid interest due on or before July 1, 2027. See below.

-

42,864,000

Revolving line of credit

-

Interest line loan facility

-

Total debt obligations

21,090,514

42,864,000

Less: current portion

-

Less: deferred financing cost

(3,507,979

)

(143,056

)

Long-term debt, less current portion

$

17,582,535

$

42,720,944