Instructure Holdings, Inc. entered into the Second Amendment to the Credit Agreement, which amends that certain Credit Agreement, dated as of October 29, 2021, by and among the Company and certain of its subsidiaries, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders named therein. Pursuant to the Second Amendment, among certain other amendments, the lenders named in the Second Amendment agreed, severally and not jointly, to extend additional 2023 Incremental Term Loans to the Company under the Credit Agreement in an aggregate principal amount equal to $685,000,000. The Company used the proceeds of the 2023 Incremental Term Loans, borrowed under the Credit Agreement, to finance (i) the cash consideration for the acquisition of PCS Holdings, LLC, a Delaware limited liability company, and (ii) fees and costs incurred in connection with the acquisition and related transactions.