Rent the Runway, Inc. entered into a Tenth Amendment to Credit Agreement with respect to its term loan agreement dated as of July 23, 2018, as amended to date, with Double Helix Pte Ltd. ("Double Helix"), an indirectly wholly-owned subsidiary of Temasek Holdings (Private) Limited, as administrative agent for the lenders party thereto (the Lenders") which is referred to as the Credit Facility (as amended by the Credit Facility Amendment, the Amended Credit Facility"). The Credit Facility Amendment, among other things, (i) eliminates all interest (both payment-in-kind and cash interest) for a period of six full fiscal quarters beginning with the fourth quarter of fiscal year 2023; (ii) reduces the minimum liquidity requirement under the Amended Credit Facility from $50 million to $30 million; and (iii) provides that the Company may not exceed mutually agreed upon quarterly and annual spend levels for inventory capital expenditures, fixed operating expenditures and marketing expenditures during fiscal year 2024 and to-be-ag agreed levels for fiscal years 2025 and 2026, subject to the Lender's consent and certain exceptions. The maximum expenditure amounts are consistent with the Company's current profitability goals and anticipated spend for fiscal 2024 and reflect lower amounts relative to anticipated spend in fiscal year 2023 for inventory capital expenditures and fixed operating expenditures and roughly flat amounts for marketing expenditures.

Except as set forth on Schedule 7.7, enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliates of the Credit Parties except: (a) transactions among the Borrower or Guarantors; (b) transactions permitted under this Agreement; (c) transactions in the ordinary course of a Credit Party's business and upon fair and reasonable terms (x) no less favorable to such Credit Party than it would obtain in a comparable arm's length transaction from unrelated third parties and (y) that are fully disclosed to the Agent in writing prior to the consummation thereof, if they involve one or more payments by any Credit Party in excess of $100,000 for any single transaction or series of related transactions; and (d) issuances of Equity Interests or Subordinated Debt.