Newton Golf enters $5M senior secured revolving credit facility with Brynnwood

Newton Golf Company, Inc.

Loan and Security Agreement with Brynnwood, LLLP for up to $5M revolving line, maturing July 1, 2028.
Interest at Daily Simple SOFR plus 13%; default rate 22% per annum; semi-annual interest payments.
Secured by first-priority lien on substantially all assets; 2% commitment fee paid at closing.
Minimum advance $200,000; prepayment permitted without penalty; commitment reductions allowed in $250K increments.
Covenants include limitations on debt, liens, dividends, and reverse takeover transactions permitted if no default.

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