On November 22, 2022, ShotSpotter, Inc. entered into a Fifth Amendment to Credit Agreement with Umpqua Bank (Amendment), which amends the terms of that certain Credit Agreement, dated as of September 27, 2018, as amended (as amended by the Amendment, the “Credit Agreement”), to, among other things, extend the maturity date from November 27, 2022 to October 15, 2024, increase the revolving credit commitment from $20.0 million to $25.0 million, increase the letter of credit sub-facility from $6.0 million to $7.5 million, remove the minimum profitability covenants and replace the LIBOR index rate with a Term Secured Overnight Financing Rate (“SOFR”) index rate. Borrowings under the Credit Agreement are secured by substantially all of the assets of the Company and its wholly-owned subsidiaries, Leeds, LLC and Forensic Logic, LLC. Leeds, LLC and Forensic Logic, LLC have guaranteed the obligations of the Borrower under the Credit Agreement.

Under the Credit Agreement, the Company has the option to select an interest rate based on either a base rate, which fluctuates daily and is the greater of the prime rate in effect as of any date of determination and the SOFR rate as of such date of determination plus 1.0% per annum or a SOFR rate, which can be for a period of 30, 90 or 180 days at the Company's option and is equal to the SOFR rate as published by CME Group Benchmark Administration Limited, in each case plus 2.0% per annum. Any letters of credit issued under the Credit Agreement will be subject to a fronting fee of 2.0% per annum. Borrowings under the Credit Agreement may be repaid and reborrowed at any time prior to termination of the Credit Agreement.