sec.gov/Archives/edgar/data/2096362/000149315226008887/forms-1a.htm property and equipment. The note originated on December 16, 2022, with an initial maximum availability of $8,015,004, and maturing on December 15, 2025. Payments on principal are required only to the extent the outstanding balance is greater than the maximum availability, which is reduced annually based on the terms of the revolving credit note agreement. Payments of interest on the outstanding balance are due monthly. On July 24, 2024, the note was amended with a maximum availability of $14,100,030 and maturing on January 24, 2028. As of December 31, 2024, the maximum availability was $12,421,455, of which $8,720,380 was outstanding. Approximately $327,505 was required to be repaid in 2025 and was classified as current on the balance sheet as of December 31, 2024. On December 19, 2025, the note was amended with a maximum availability of $16,600,032 and maturing on December 19, 2028. As of December 31, 2025, the maximum availability was $16,600,032, of which $11,066,688 was outstanding. The note bears interest at the prime rate plus one percent (as defined in the revolving credit note agreement). equipment. The line originated on November 12, 2018, and matures on December 26, 2027, as amended, and bears interest at the Wall Street Journal's prime rate plus 0.50%. Payment of principal is due upon maturity with interest payments on the outstanding balance due monthly. The maximum availability for the line of credit is $8,000,000, of which $8,000,000 and $0 were outstanding as of December 31, 2025, and 2024, respectively. 8.11% and 8.20% for the years ended December 31, 2025, and 2024, respectively. The Partnership must maintain a minimum current ratio, minimum net worth, and maximum leverage (as defined in the revolving credit note and revolving line of credit agreements). As of December 31, 2025, and 2024, there were no debt covenant violations. Subsequent events were evaluated through March 3, 2026, the date the financial statements were issued. On January 23, 2026, the Partnership entered into purchase agreement with AIAI Holdings Corporation ("AIAI") under which million in cash, contingent upon the completion of the direct listing of AIAI common stock on a U.S. stock exchange. Purchase consideration is subject to adjustment for net indebtedness of the Partnership as of the closing date. https://www.sec.gov/Archives/edgar/data/2096362/000149315226008887/forms-1a.htm
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