On January 30, 2024, Flux Power Holdings, Inc. (the Registrant), Flux Power, Inc. entered into a certain Amendment No. 2 to Loan and Security Agreement (the Second Amendment) with Gibraltar Business Capital, LLC (GBC), which amended certain terms of the Loan and Security Agreement dated July 28, 2023, including but not limited to, (i) increasing the commitment amount from $15 million to $16 million, (ii) adding an additional non-refundable closing fee in the amount of $7,500 in cash for the increase in the commitment amount to $16 million, (iii) amending the definition of ?Eligible Accounts;? and (iv) amending the EBITDA Minimum financial covenant of the Company.

In consideration for the second amendment, the company agreed to pay GBC a non-refundable amendment fee of $10,000 in cash.