Mill City enters subordination & security agreements on $10M loan; CEO/CFO salaries raised to $220K

SUI Group Holdings Ltd.

Loan maturity extended to March 28, 2027; interest rate increased to 20% (15% cash, 5% deferred).
Mill City subordinated its $10M loan to senior lenders via Amended Subordination and Intercreditor Agreement with Orion Pip.
Entered Security Agreement granting Mill City a first-priority security interest in substantially all Mustang Funding assets.
New executive employment agreements for CEO Polinsky and CFO Geraci, effective Jan 1, 2025, base salary $220,000/year.
Prior amendment (Jan 21) extending maturity and raising rate was previously disclosed; now filed as exhibit.

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