On November 27, 2023, Blend Labs, Inc. entered into a Second Amendment to the Credit Agreement, among the Company, as borrower, the guarantors party thereto, and Blue Owl Technology Finance Corp., as administrative agent for the Lenders (the ?Amendment?). The Amendment amends the Credit Agreement, dated as of June 30, 2021 (as amended by that certain First Amendment to the Credit Agreement, dated as of October 18, 2022), among the Company, the guarantors party thereto, the lenders from time to time party thereto, and Blue Owl Technology Finance Corp., as administrative agent and collateral agent for the lenders party thereto (as amended, modified, or supplemented, the ?Credit Agreement?). The Amendment amends the Credit Agreement to, among other things, (i) terminate the revolving loan commitments under the Credit Agreement and (ii) amend the maturity date of the term loans under the Credit Agreement to provide for a springing maturity extension to June 30, 2027, in the event that certain conditions are satisfied.

In connection with the Amendment, the Company optionally prepaid outstanding term loans under the Credit Agreement in an aggregate principal amount of $85,000,000, in order to reduce outstanding indebtedness and interest expense under the Credit Agreement.