On January 17, 2023, iRobot Corporation entered into a Fourth Amendment (the “Fourth Amendment”) to the Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America N.A. (the “Lender”) and a Fourth Amendment to the Amended and Restated Reimbursement Agreement (the “Fourth Amendment to the Reimbursement Agreement”) with the Lender. The Fourth Amendment increases the interest rate of (1) Term SOFR Loans to 4.50%, (2) Base Rate Loans to 3.50%, and (3) unused Commitments to 3.50%. In addition, the Fourth Amendment established a borrowing base for the revolving facility equal to the total of 80% of eligible receivables, 50% of eligible inventor y, and upon the satisfaction of certain conditions, up to 30% of eligible in-transit inventory, all subject to any applicable reserves.

Additionally, the Fourth Amendment replaces the requirement that the borrowing under the Credit Agreement be under $75,000,000 (1) on December 30, 2022 and (2) for ten consecutive days during the first quarter in 2023, and replaces it with a requirement that the borrowing under the Credit Agreement be under $25,000,000 (1) on December 29, 2023 and (2) for thirty consecutive days between January 17, 2023 and September 17, 2024. The Fourth Amendment also extends the maturity date of the Credit Agreement from June 30, 2023 to September 17, 2024. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Credit Agreement.