Great Elm Group Inc. – Credit Agreements Watch

from 10-K 15 pages Profit Interest. if and When GEG Ventures Makes Any Distribution in Respect of Its Common Equity Interests (The “Common Interests”), GEG Ventures Shall Pay to the Investors in the Respective Amounts Set Forth on Schedule I Attached Hereto, at the Same Time as Such Distributions, an Amount Equal to Its Profit Interest Percentage of the Aggregate Amount of Such Distributions and Such Payment Hereunder. “Profit Interest Percentage” Shall Mean 15.00%; Provided That the Profit Interest Percentage Shall Increase by 1.00% for Each $10,000,000 Drawn Under the Ddtl Commitments (As Defined in the Loan Agreement, Dated July 31, 2025, Among Monomoy Properties REIT, LLC, as Borrower, Certain Funds Managed by Kennedy Lewis Investment Management, LLC, as Lenders (Collectively, the “Lenders”), and Alter Domus (US) LLC, as Administrative Agent for the Lenders), Up to a Maximum Profit Interest Percentage of 20.00%. 2. Future Participation Right

from 10-K 14 pages Profit Interest. if and When GEG Ventures Makes Any Distribution in Respect of Its Common Equity Interests (The “Common Interests”), GEG Ventures Shall Pay to the Investors in the Respective Amounts Set Forth on Schedule I Attached Hereto, at the Same Time as Such Distributions, an Amount Equal to Its Profit Interest Percentage of the Aggregate Amount of Such Distributions and Such Payment Hereunder. “Profit Interest Percentage” Shall Mean 15.00%; Provided That the Profit Interest Percentage Shall Increase by 1.00% for Each $10,000,000 Drawn Under the Ddtl Commitments (As Defined in the Loan Agreement, Dated July 31, 2025, Among Monomoy Properties REIT, LLC, as Borrower, Certain Funds Managed by Kennedy Lewis Investment Management, LLC, as Lenders (Collectively, the “Lenders”), and Alter Domus (US) LLC, as Administrative Agent for the Lenders), Up to a Maximum Profit Interest Percentage of 20.00%. 2. Future Participation Right