On March 26, 2024 (the ?Effective Date?), Vapotherm, Inc. entered into an Amendment No. 7 to Loan and Security Agreement with SLR Investment Corp., as Collateral Agent, and the lenders party thereto (the ?Seventh Amendment,? together with the Loan and Security Agreement, the ?Amended Loan and Security Agreement?).

The Seventh Amendment established a $4.0 million senior secured term loan B facility (the ?Term Loan B Facility?). Borrowings under the Term Loan B Facility shall bear interest at a at a floating rate per annum equal to the sum of (a) 0.10%, plus (b) 8.30% plus (c) the 1-month CME Term SOFR plus the SOFR Adjustment. The aggregate principal amount outstanding under the Term Loan B Facility shall be due and payable on July 26, 2024 (the ?Term Loan B Facility Maturity Date?).

There is no scheduled amortization of the principal amounts of the loans outstanding under the Term Loan B Facility. Borrowings under the Term Loan B Facility are available from the Effective Date until the Term Loan B Facility Maturity Date and shall be conditioned on approval by the lenders? investment committee in its sole discretion.

All other terms and conditions of the Term Loan B Facility, including the guarantees and security relating thereto are substantively identical to those provided for under the existing credit facilities under the Amended Loan and Security Agreement.