Air Industries amends credit agreement; $3.93M ATM proceeds placed as collateral

AIR INDUSTRIES GROUP

Ninth Amendment to Loan and Security Agreement with Webster Bank, dated Sept 9, 2025.
$3,930,000 of ATM offering proceeds must be held in a blocked interest-bearing account as security.
Borrowing base definition amended to include 'Qualified Cash' (unrestricted cash in a Controlled Account with Lender).
Deposit Account requirements updated; controlled account for Qualified Cash is blocked so no credit party access.

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