AvePoint amends HSBC credit facility; removes parent guarantee, no economic changes

AvePoint, Inc.

Second Amendment to Loan and Security Agreement removes Holdings as limited guarantor; terminates Pledge Agreement and Limited Guaranty.
Revolving line remains at $30M with $20M accordion feature; interest at LIBOR+3.5%, unused fee 0.5%.
No outstanding balance under the revolver; no penalty associated with the termination of guarantees.
Maturity unchanged at April 7, 2023; substantive economic terms not amended.
Company in compliance with all covenants; proceeds used for general corporate purposes.

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