On December 28, 2022, Xerox Corporation (“Xerox”) and its parent company, Xerox Holdings Corporation (“Holdings,” and together with Xerox, the “Company”), entered into Amendment No. 1 to Credit Agreement (the “Amendment”) with Citibank, N.A., as administrative agent and collateral agent (the “Agent”), and the lenders party thereto. The Amendment amended the Credit Agreement, dated as of July 7, 2022 (the “Credit Agreement”), by and among the Company, the Agent, and the lenders party thereto to (i) reduce the aggregate amount of the revolving credit commitments under the Credit Agreement by 50% and (ii) eliminate the financial covenant in the Credit Agreement requiring that Holdings maintain not less than $500 million in unrestricted cash as of the last day of each fiscal quarter.

All other terms remain unchanged.