Contract analysis

1. Enclosed Closing Deliverables Set forth below is a description of the documents that are enclosed herewith, or that are being delivered concurrently via separate transmission, in satisfaction of the conditions precedent to the funding of the Incremental Term Loan as set forth in Section 4 of Amendment No. 3 to the Credit Agreement and the applicable provisions of Article V thereof. Each document has been executed

2. Additional Deliverables Previously Transmitted or Delivered Separately In addition to the deliverables enclosed herewith, we wish to confirm for the record that the following additional closing deliverables have been previously delivered to Ironclad National Bank (or its outside counsel, Whitaker Rollins & Associates LLP) or are being delivered under separate cover or by other parties in connection with the Closin

3. Incremental Term Loan Terms Confirmation For the record and to facilitate the Administrative Agent's internal documentation and funding processes, we confirm the material economic terms of the Incremental Term Loan as set forth in Amendment No. 3 to the Credit Agreement: For the avoidance of doubt, the existing undrawn $50,000,000 revolving credit facility under the Credit Agreement remains available to the Borrow

4. Funding Instructions We respectfully request that the proceeds of the Incremental Term Loan in the amount of $84,000,000 be funded on August 15, 2025, by wire transfer of immediately available funds in accordance with the flow of funds memorandum previously delivered to Ironclad National Bank on August 12, 2025 (the "Flow of Funds Memorandum"). The Flow of Funds Memorandum sets forth the specific wire transfer ins

5. Contact Information and Closing Courtesies Should you have any questions regarding the enclosed deliverables, the status of any outstanding items, or any other matter in connection with Amendment No. 3 or the Incremental Term Loan, please do not hesitate to contact the undersigned, James Prentice, Responsible Partner, at (212) 554-7844 or jprentice@calderwoodharkness.com, or Derek Okonkwo, Lead Associate, at (212)