Material Agreement (Form 8-K)

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

Amendment No. 3 to Amended and Restated Loan Agreement

On December 30, 2025, the Company entered into Amendment No. 3 to Amended and Restated Loan Agreement (the "Salem Amendment") with its primary lender, Salem Investment Partners V, Limited Partnership ("Salem"). In light of the Company's improved operating performance and continued progress on strategic and financial initiatives during 2025, Salem agreed to extend the term of the loan by 12 months and adjust the principal repayment schedule as follows: 12/31/2026 - $200,000; 12/31/2027 - $1.5 million; 12/31/2028 - $1.5 million; and 12/31/2029 - $1.3 million. The Salem Amendment also provides for a 1% fee ($45,000) payable to Salem upon the maturity of the loan. Management views the Salem Amendment as a constructive development for the Company, rewarding the Company for the disciplined execution of its business plan, improving operating performance, and proactive balance sheet management.

The foregoing summary of the Salem Amendment does not purport to be complete and is qualified by reference to the full text of the Salem Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and are incorporated herein

by reference.