Nanophase Technologies amends loan agreements, increases credit facilities to $12M and extends maturity to 2024

SOLESENCE, INC.

A/R Revolver facility limit raised from $6M to $8M; new Inventory facility of up to $4M added
Maturity of A/R Revolver and Term Loan extended from March 2022/2023 to March 2024
Interest rate on borrowings reduced to prime plus 0.75% from prime plus 2% and 5.25% previously
Term loan remains at $1M; all facilities secured by company assets, subordinated to Libertyville Bank line
Loans provided by affiliates of majority stockholder Bradford T. Whitmore (Beachcorp LLC and Strandler LLC)

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