On November 7, 2022, Asana, Inc. entered into a credit agreement effective as of November 7, 2022, with several banks and other financial institutions or entities for which Silicon Valley Bank is acting as issuing lender, administrative agent and collateral agent, under which the Company may incur loans in an aggregate principal amount not to exceed $150,000,000, consisting of a term loan facility in an aggregate principal amount equal to $50,000,000 and a revolving loan facility in an aggregate principal amount of up to $100,000,000, including a $30,000,000 letter of credit sub-facility which may be used to finance acquisitions permitted under the terms of the Credit Agreement, to refinance the Company's obligations outstanding under the Existing Credit Facility to pay related fees and expenses and for general corporate purposes. The Facility matures on November 7, 2026. As further described below, the Facility refinances the Existing Credit Facility Borrowings under the Facility may be designated as ABR Loans or SOFR Loans, subject to certain terms and conditions under the Credit Agreement.

ABR Loans accrue interest at a rate per year equal to 1.25% plus the of (a) the prime rate for the day, as published in the money rates section of the Wall Street Journal or any successor publication thereto, (b) the federal funds rate plus 0.50%, (c) the Adjusted Term SOFR Rate (defined below) for a one-month interest period in effect on such day (or if such day is not a business day, the immediately preceding business day) plus 1.00% and (d) 0.00%. Term SOFR Loans accrue interest at a rate per annum equal to (a) 2.25% plus (b) the greater of (i) 0.00% and (ii) the sum of (x) the forward-looking term rate for a period comparable to the applicable available tenor based on SOFR that is published by CME Group Benchmark Administration Ltd. or a successor for the applicable interest period and (y) (1) if the applicable interest period is one month, 0.10%, (2) if the applicable interest period is three months, 0.125% or (c) if the applicable interest period is six months, 0.15% (the rate pursuant to clause (b), the “Adjusted Term SOFR Rate”).