TechPrecision extends revolver maturity to Sep 15, 2026; acknowledges existing defaults

TECHPRECISION CORP

Ranor and affiliates extended $4.5M revolver maturity from May 15 to Sep 15, 2026 via Fourteenth Amendment.
Borrowers must deliver refinancing term sheet by Jul 31, 2026; if not, lender may conduct asset field exams and appraisals.
Failure to repay by Sep 15, 2026 triggers a $15,000 nonperformance fee and constitutes an event of default.
Company paid an $8,500 modification fee and acknowledged existing defaults on debt service and leverage covenants from Q3 2023 through Q4 2025.
Lender expressly reserves all remedies, including acceleration and default-rate interest, despite the amendment.

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