MSP Recovery gets $250K advance from VRM; security agreement amended to expand VRM's collateral control

MSP Recovery, Inc.

VRM provided a one-time $250,000 advance to MSP Recovery for operating expenses per an approved budget.
MSP Recovery must direct all claims recovery proceeds (excluding certain proceeds) to VRM-controlled accounts.
Operating Reserve and Reserve Account removed from excluded collateral, subjecting them to VRM's security interest.
VRM reserves all rights under existing transaction documents; no obligation for future advances.
Advance is part of a series of prior consents and cash advances listed in Exhibit A to the letter agreement.

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