# Executed credit agreement

FICTIONAL EXERCISE DOCUMENT. Evergreen Precision Works, Inc.; effective January 5, 2026. Borrower and lender executed this agreement on that date. Evergreen is the only tested entity and has no subsidiaries. This is the complete applicable liquidity provision; there are no amendments, side letters, additional deductions or alternative definitions.

## Section 1.01 — Liquidity

Liquidity equals the Borrower's gross cash account balances, less cash that is restricted, pledged to an escrow beneficiary, trapped or otherwise unavailable for general corporate purposes, plus Available Revolving Capacity. A restriction is assessed at the measurement date. An expected future release does not make escrow cash available before release. All amounts are denominated in United States dollars. There are no additional eligible asset categories.

Available Revolving Capacity means the undrawn amount actually usable under the commitment and borrowing base after outstanding advances, letters of credit and applicable reserves, with all applicable draw conditions satisfied. Commitment size alone is not Available Revolving Capacity. The calculation of this component for a measurement date is made immediately before giving effect to a breach caused solely by that date's minimum-liquidity test; an unrelated default or unsatisfied draw condition still excludes unusable capacity.

## Section 6.12 — Minimum liquidity

The Borrower must have Liquidity of at least USD 9.5 million at close of business on August 31, 2026. For the August 2026 test and this waiver request, August 31 is the sole required observation date. This is a point-in-time test, not a continuous or average-balance test. No later cash release cures the historical measurement. The minimum in force on August 31, 2026 is USD 9.5 million.

## Section 8.04 — Consent

A waiver of Section 6.12 requires the written consent of the sole lender. This contractual consent requirement does not allocate that lender's internal approval authority; the lender's internal waiver policy governs its own decision process. No waiver has been granted by this document.