MSP Recovery term sheet with Virage to issue 33.3% of Class A stock to settle MTA obligations

MSP Recovery, Inc.

Virage may exercise warrants to acquire 33 1/3% of outstanding Class A common stock at $0.0025/share.
Remaining unexercised warrants to be surrendered and terminated.
Proxy voting rights granted to MRCS Principals for 51% voting control over Virage-issued shares.
Company's obligation to pay Required Monthly Issuance (1% of Unpaid Base Amount) to be terminated.
Agreement subject to definitive documentation; Virage's 9.99% ownership cap removed.

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