On June 4, 2024 (the Execution Date), Ault Alliance, Inc. entered into a Loan Agreement (Credit Agreement) with OREE Lending Company, LLC and Helios Funds LLC, as lenders (collectively, the Lender). The Credit Agreement provides for an unsecured, non-revolving credit facility in an aggregate principal amount of up to $20,000,000, provided, however, that at no point will the Company be allowed to have outstanding Advances in a principal amount received of more than $2,000,000. All loans under the Credit Agreement (collectively, the Advances") shall be evidenced by a promissory note.

The Lender made an Advance to the Company of $1,500,000 on the Execution Date. The Advances are due December 4, 2024 (Maturity Date), provided, however, that if on such date, the Company has executed an equity line of credit agreement relating to the sale of shares of the Company's 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, has an effective registration statement relating thereto and is not currently in default under such agreement, then the Maturity Date shall be automatically extended until June 4, 2025. The Lender is not obligated to make any further Advances under the Credit Agreement after the Maturity Date.

Advances under the Credit Agreement will include the addition of an original issuance discount of 20% to the amount of each Advance and all Advances will bear interest at the rate of 15.0% per annum and may be repaid at any time without penalty or premium. The obligations of the Company under the Credit Agreement are secured by a guaranty (Guaranty) provided by Milton C. Ault, the Executive Chairman of the Company.