Sezzle amends credit agreement, loosens dividend and buyback restrictions

Sezzle Inc.

Amendment No. 2 to Limited Guaranty and Indemnity Agreement with Bastion Funding VI LP dated Oct 15, 2024.
Updates minimum tangible net worth covenant and expands ability to make restricted payments (dividends/repurchases).
Permits restricted payments if trailing 12-month net income positive; cap is 50% of net income from Oct 2021-Oct 2022 plus 50% of monthly net income thereafter.
Company can now return more capital to shareholders subject to covenant conditions.

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