On July 1, 2024, Alkami Technology, Inc. entered into a Second Amendment (the Amendment) to the Company?s Amended and Restated Credit Agreement dated as of April 29, 2022 (the Credit Agreement), with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, as Administrative Agent, and the other lenders party thereto. The Amendment, among other things, (i) extends the maturity date of the revolving commitment April 29, 2026 to April 29, 2027, (ii) increases the amount of the revolving loan commitment by $65,000,000, for a total revolving commitment of $125,000,000, (iii) increases the accordion feature from $50,000,000 to $100,000,000 of funds available to request, (iv) modifies certain existing covenants including increasing the minimum trailing four quarters free cash flow requirement to $25,000,000, and (v) for any fiscal quarter ending after the Financial Covenant Trigger Date (which has been extended to April 28, 2026 or such earlier date as designated by the Company), replaces compliance with a fixed charge coverage ratio with compliance of a minimum interest coverage ratio of 3.0x. Except as amended by the Amendment, the remaining terms of the Credit Agreement remain in full force and effect.

The material terms of the Credit Agreement are described in the Company?s Current Report on Form 8-K filed with the Securities and Exchange Commission (the ?SEC?) on May 2, 2022 as amended by that certain First Amendment to the Company?s Amended and Restated Credit Agreement dated as of June 27, 2023 (and described in the Company?s Current Report on Form 8-K filed with the SEC on June 28, 2023).