Alfi, Inc. and Lee Aerospace, Inc. entered into Amendment No. 3 to Credit and Security Agreement (Amendment No. 3), dated as of September 29, 2022, which amended the Credit and Security Agreement, dated April 12, 2022, as subsequently amended by Amendment No.

1 thereto dated June 27, 2022 and Amendment No. 2 thereto dated August 5, 2022 (as so amended, the Credit Agreement). Pursuant to Amendment No.

3, the company and the lender amended the Credit Agreement in all respects necessary to increase the non-revolving line of credit by an aggregate amount of $505,000 and to further increase the non-revolving line of credit by the amount, if any, which the Lender loans to the company after the date of Amendment No. 3, in excess of such amount. Borrowings made in connection with Amendment No.

3 were used by the company for payroll and other operating expenses. To date, and giving effect to Amendment No. 3, the company has borrowed $3,755,000 under the Credit Agreement, and such amount remains outstanding.

The Lender is not obligated to loan any additional amounts to the Company under the Credit Agreement. The Company also executed a Second Amended and Restated Non-Revolving Line of Credit Note to reflect the amendments to the Credit Agreement made by Amendment No. 3.