Document:

EX-10.7

 Exhibit 10.7 

Execution Version 

AMENDMENT NO. 1 TO CREDIT AND SECURITY AGREEMENT AND LIMITED WAIVER 

This AMENDMENT NO. 1 TO CREDIT AND SECURITY AGREEMENT AND LIMITED WAIVER (this “Agreement”) is made as of
this 5th day of April, 2018, by and among MOHAWK GROUP, INC., a Delaware corporation (“Mohawk Parent”) and each of its direct and indirect subsidiaries set forth on the signature pages hereto (each being referred to herein
individually as an “Borrower”, and collectively as “Borrowers”), MIDCAP FUNDING X TRUST, as successor to MidCap Financial Trust (as Agent for Lenders, in such capacity and together with its permitted successors and
assigns, “Agent”), MIDCAP FUNDING H TRUST and MIDCAP FUNDING X TRUST, each individually as a Lender, and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as
a Lender. 
 RECITALS 

A. Agent, Lenders and Borrowers are parties to that certain Credit and Security Agreement, dated as of October 16, 2017
(as amended, modified, supplemented and restated from time to time prior to the date hereof, the “Credit Agreement”), pursuant to which the Lenders have agreed to make certain advances of money and to extend certain financial
accommodations to Borrowers and certain of their Affiliates in the amounts and manner set forth in the Credit Agreement. 

B. As of the date hereof, certain Events of Default identified on Exhibit A hereto (collectively, the “Existing Events
of Default”) have occurred and are continuing. 
 C. Borrowers have requested that Agent and Lenders constituting
not less than Required Lenders (i) waive, ab initio, the Existing Events of Default and (ii) amend certain provisions of the Existing Credit Agreement, all in accordance with the terms and subject to the conditions set forth herein.

 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing, the terms and conditions set forth in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agent, Lenders and Borrowers hereby agree as follows: 

1. Recitals. This Agreement shall constitute a Financing Document and the Recitals and each reference to the
Credit Agreement, unless otherwise expressly noted, will be deemed to reference the Credit Agreement as amended hereby. The Recitals set forth above shall be construed as part of this Agreement as if set forth fully in the body of this Agreement and
capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (including those capitalized terms used in the Recitals hereto). 

2. Amendments to Existing Credit Agreement. Subject to the terms and conditions of this Agreement, including,
without limitation, the conditions to effectiveness set forth in Section 4 below, the Existing Credit Agreement is hereby amended as follows: 

(a) The definition of “Amazon Agreement” in Section 1.1 of the Existing Credit Agreement is hereby amended and
restated to read as follows: 
 “”Amazon Agreement” means, collectively, each Amazon Business Services
Solutions Agreement (and any and all successor agreements or agreements serving an identical or similar purpose) pursuant to which the Borrowers sell Inventory through Amazon Services International, Inc. and its affiliates (collectively,
“Amazon”).”  

 (b) The definition of “Material Contract” in Section 1.1 of
the Existing Credit Agreement is hereby amended and restated to read as follows: 
 “”Material
Contract” means (a) the Operative Documents, (b) the Amazon Agreement, (c) employment agreements covering the management of any Credit Party, (d) collective bargaining agreements or other similar labor agreements
covering any employees of any Credit Party, (e) agreements for managerial, consulting or similar services to which any Credit Party is a party or by which it is bound, (f) agreements regarding any Credit Party, its assets or operations or
any investment therein to which any of its equity holders is a party or by which it is bound, (g) real estate leases, Intellectual Property licenses or other lease or license agreements to which any Credit Party is a party, either as lessor or
lessee, or as licensor or licensee (other than licenses arising from the purchase of “off the shelf” products), (h) customer, distribution, marketing or supply agreements (other than standalone purchase orders made by a Borrower in the
Ordinary Course of Business) to which any Credit Party is a party, in each case with respect to the preceding clauses (c) through (h) requiring payment of more than $500,000 (or such higher threshold as Agent may agree in its reasonable
discretion) in any year, (i) partnership agreements to which any Credit Party is a general partner or joint venture agreements to which any Credit Party is a party, (j) third party billing arrangements to which any Credit Party is a party,
or (k) any other agreements or instruments to which any Credit Party is a party, and the breach, nonperformance or cancellation of which, or the failure of which to renew, could reasonably be expected to have a Material Adverse Effect.”
 
 (c) Section 3.17 of the Existing Credit Agreement is hereby amended and restated to read as follows: 

“Section 3.17 Material Contracts. Except for the Operative Documents, the Amazon
Agreement and the other agreements set forth on Schedule 3.17, as of the Closing Date there are no Material Contracts. Schedule 3.17 sets forth, with respect to each real estate lease agreement to which any Borrower is a party (as a
lessee) as of the Closing Date, the address of the subject property and the annual rental (or, where applicable, a general description of the method of computing the annual rental). The consummation of the transactions contemplated by the Financing
Documents will not give rise to a right of termination in favor of any party to any Material Contract (other than any Credit Party), except for such Material Contracts the noncompliance with which would not reasonably be expected to have a Material
Adverse Effect. 
 3. Representations and Warranties; Reaffirmation of Security Interest. Each Borrower hereby
confirms that, except with respect to the Existing Events of Default, all of the representations and warranties set forth in the Credit Agreement are true and correct in all material respects (without duplication of any materiality qualifier in the
text of such representation or warranty) with respect to such Borrower as of the date hereof except to the extent that any such representation or warranty relates to a specific date in which case such representation or warranty shall be true and
correct as of such earlier date. Nothing herein is intended to impair or limit the validity, priority or extent of Agent’s security interests in and Liens on the Collateral. Each Borrower acknowledges and agrees that the Credit Agreement, the
other Financing Documents and this Agreement constitute the legal, valid and binding obligation of such Borrower, and are enforceable against such Borrower in accordance with its terms, except as the enforceability thereof may be limited by
bankruptcy, insolvency or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles.     

4. Conditions to Effectiveness. This Agreement shall become effective as of the date on which each of the
following conditions has been satisfied, as determined by Agent in its sole discretion: 

  
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 (a) Each Borrower shall have delivered to Agent this Agreement, executed by
an authorized officer of such Borrower; 
 (b) all representations and warranties of Borrowers contained herein shall be true
and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) as of the date hereof except to the extent that any such representation or warranty relates to a specific date in
which case such representation or warranty shall be true and correct as of such earlier date (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); 

(c) prior to and after giving effect to the agreements set forth herein, no Default or Event of Default (other than the
Existing Events of Default) shall exist under any of the Financing Documents; 
 (d) Borrowers shall have delivered such
other documents, information, certificates, records, permits, and filings as the Agent may reasonably request. 
 5.
Costs and Expenses. Borrowers shall be responsible for the payment of all reasonable and documented out-of-pocket costs and fees of Agent’s counsel
incurred in connection with the preparation of this Agreement and any related documents. If Agent or any Lender uses in-house counsel for any of these purposes, Borrowers further agree that the Obligations
include reasonable charges for such work commensurate with the fees that would otherwise be charged by outside legal counsel selected by Agent or such Lender for the work performed. 

6. Limited Waiver. 

(a) At the request of and as an accommodation to the Borrowers, subject to the terms and conditions set forth
herein, Agent and Lenders hereby waive, ab initio, the Existing Events of Default; provided that Borrowers deliver to Agent evidence satisfactory to Agent of Amazon’s consent to (or other resolution acceptable to Agent) the
operation of each of Borrowers’ “Seller Central” accounts within ninety (90) days of the date hereof (or such longer period as Agent may determine in its sole discretion). 

(b) The limited waiver set forth in this Section 6 is effective solely in respect of the Existing
Events of Default as set forth herein and shall be limited precisely as written and shall not, except as expressly provided herein with respect to the Existing Events of Default, be deemed or construed to (i) be a consent to any amendment,
waiver or modification of any term or condition of the Credit Agreement or of any other Financing Document; (ii) prejudice any power, right or remedy that Agent or Lenders have or may have in the future under or in connection with the Credit
Agreement or any other Financing Document or at law or in equity; (iii) constitute a consent to or waiver of any past, present or future Default or Event of Default or other violation of any provisions of the Credit Agreement or any other
Financing Documents except as expressly set forth in Section 6(a); (iv) create any obligation to forbear from taking any enforcement action; (v) waive future compliance with the Credit Agreement; or (vi) establish a custom or
course of dealing among any of the Credit Parties, on the one hand, or Agent or any Lender, on the other hand. 
 7.
Release. In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Borrower, voluntarily, knowingly,
unconditionally and irrevocably, with specific and express intent, for and on behalf of itself and all of its respective parents, subsidiaries, affiliates, members, managers, predecessors, successors, and assigns, and each of their respective
current and former directors, officers, 

  
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shareholders, agents, and employees, and each of their respective predecessors, successors, heirs, and assigns (individually and collectively, the “Releasing Parties”) does
hereby fully and completely release, acquit and forever discharge each of Agent, Lenders, and each their respective parents, subsidiaries, affiliates, members, managers, shareholders, directors, officers and employees, and each of their respective
predecessors, successors, heirs, and assigns (individually and collectively, the “Released Parties”), of and from any and all actions, causes of action, suits, debts, disputes, damages, claims, obligations, liabilities, costs,
expenses and demands of any kind whatsoever, at law or in equity, whether matured or unmatured, liquidated or unliquidated, vested or contingent, choate or inchoate, known or unknown that the Releasing Parties (or any of them) has against the
Released Parties or any of them (whether directly or indirectly), based in whole or in part on facts, whether or not now known, existing on or before the Effective Date, that relate to, arise out of or otherwise are in connection with: (i) any
or all of the Financing Documents or transactions contemplated thereby or any actions or omissions in connection therewith or (ii) any aspect of the dealings or relationships between or among any or all of the Borrowers, on the one hand, and
any or all of the Released Parties, on the other hand, relating to any or all of the documents, transactions, actions or omissions referenced in clause (i) hereof. Each Borrower acknowledges that the foregoing release is a material inducement
to Agent’s and Lender’s decision to enter into this Agreement and agree to the modifications contemplated hereunder, and has been relied upon by Agent and Lenders in connection therewith. 

8. No Waiver or Novation. The execution, delivery and effectiveness of this Agreement shall not, except as
expressly provided in this Agreement, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision of the Credit Agreement, the Financing Documents or any other documents, instruments and agreements executed
or delivered in connection with any of the foregoing. Except as set forth in Section 6, nothing herein is intended or shall be construed as a waiver of any existing Defaults or Events of Default under the Credit Agreement or the other
Financing Documents (including without limitation the Existing Events of Default) or any of Agent’s rights and remedies in respect of such Defaults or Events of Default. This Agreement (together with any other document executed in connection
herewith) is not intended to be, nor shall it be construed as, a novation of the Credit Agreement. 
 9.
Confidentiality. No Borrower will disclose the contents of this Agreement, the Credit Agreement or any of the other Financing Documents to any third party (including, without limitation, any financial institution or intermediary)
without Agent’s prior written consent, other than to Borrowers’ officers and advisors on a need-to-know basis or as otherwise may be required by Law, including
to any court or regulatory agency having jurisdiction over such Borrower, any Lender or the Agent. Each Borrower agrees to inform all such persons who receive information concerning this Agreement, the Credit Agreement and the other Financing
Documents that such information is confidential and may not be disclosed to any other person except as may be required by Law, including to any court or regulatory agency having jurisdiction over such Borrower, any Lender or the Agent. 

10. Affirmation. Except as specifically amended pursuant to the terms hereof, each Borrower hereby acknowledges
and agrees that the Credit Agreement and all other Financing Documents (and all covenants, terms, conditions and agreements therein) shall remain in full force and effect, and are hereby ratified and confirmed in all respects by such Borrower. Each
Borrower covenants and agrees to comply with all of the terms, covenants and conditions of the Credit Agreement and the Financing Documents, notwithstanding any prior course of conduct, waivers, releases or other actions or inactions on Agent’s
or any Lender’s part which might otherwise constitute or be construed as a waiver of or amendment to such terms, covenants and conditions. 

  
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 11. Miscellaneous. 

(a) Reference to the Effect on the Credit Agreement. Upon the effectiveness of this Agreement, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically
amended above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by each Borrower. 

(b) Governing Law. THIS AGREEMENT AND EACH OTHER FINANCING DOCUMENT, AND ALL MATTERS RELATING HERETO OR THERETO OR
ARISING THEREFROM (WHETHER SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE), SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF MARYLAND, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 

(c) Incorporation of Credit Agreement Provisions. The provisions contained in Section 11.6 (Indemnification),
Section 12.8 (Submission to Jurisdiction) and Section 12.9 (Waiver of Jury Trial) of the Credit Agreement are incorporated herein by reference to the same extent as if reproduced herein in their entirety. 

(d) Headings. Section headings in this Agreement are included for convenience of reference only and shall not constitute
a part of this Agreement for any other purpose. 
 (e) Counterparts. This Agreement may be signed in any number of
counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same instrument. Delivery of an executed counterpart of this Agreement by facsimile or by electronic mail delivery of an
electronic version (e.g., .pdf or .tif file) of an executed signature page shall be effective as delivery of an original executed counterpart hereof and shall bind the parties hereto. 

(f) Entire Agreement. The Credit Agreement, as amended hereby, and the other Financing Documents constitute the entire
agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. 

(g) Severability. In case any provision of or obligation under this Agreement shall be invalid, illegal or unenforceable
in any applicable jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

(h) Successors/Assigns. This Agreement shall bind, and the rights hereunder shall inure to, the respective successors
and assigns of the parties hereto, subject to the provisions of the Credit Agreement and the other Financing Documents. 
 [SIGNATURES APPEAR
ON FOLLOWING PAGES] 

  
 5 

 IN WITNESS WHEREOF, intending to be legally bound, and intending that this
document constitute an agreement executed under seal, the undersigned have executed this Agreement under seal as of the day and year first hereinabove set forth. 
  

							
	 AGENT:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

		
	 LENDER:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

		
	 LENDER:
	 	 MIDCAP FUNDING H TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

 [Signatures Continue on Following Page] 

							
	 BORROWERS:
	 	 MOHAWK GROUP, INC.

				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig

		 	 Title: CEO

		
		 	 XTAVA LLC

				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig

		 	 Title: President

		
		 	 SUNLABZ LLC

				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig

		 	 Title: President

		
		 	 RIF6 LLC

				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig

		 	 Title: President

		
		 	 VREMI LLC

				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig

		 	 Title: President

		
		 	 HOMELABS LLC

				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig

		 	 Title: President

 
					
	 VIDAZEN LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 URBAN SOURCE LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 ZEPHYRBEAUTY LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 DISCOCART LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 VUETI LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 PUNCHED LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

 
					
	 SWEETHOMEDEALZ LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 KITCHENVOX LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 EXORIDER LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	KINETIC WAVE LLC
			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 3GIRLSFROMNY LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

	
	 CHICALLEY LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

 
					
	 BOXWHALE, LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig

	 Title: President

 Exhibit A 

Existing Events of Default 
  

	1.	 An Event of Default under Section 10.1(b) as a result of the Borrowers breach of the terms of the
Amazon Agreement with respect to maintenance of multiple “Seller Central” accounts.EX-10.8

 Exhibit 10.8 

Execution Version 

AMENDMENT NO. 2 TO CREDIT AND SECURITY AGREEMENT AND LIMITED CONSENT 

This AMENDMENT NO. 2 TO CREDIT AND SECURITY AGREEMENT AND LIMITED CONSENT (this “Agreement”) is made as of
this 8th day of August, 2018, by and among MOHAWK GROUP, INC., a Delaware corporation (“Mohawk Parent”) and each of its direct and indirect subsidiaries set forth on the signature pages hereto (each being referred to herein
individually as an “Borrower”, and collectively as “Borrowers”), MIDCAP FUNDING X TRUST, as successor to MidCap Financial Trust (as Agent for Lenders, in such capacity and together with its permitted successors and
assigns, “Agent”), MIDCAP FUNDING V TRUST and MIDCAP FUNDING X TRUST, each individually as a Lender, and the other financial institutions or other entities from time to time parties to the Credit Agreement referenced below, each as
a Lender. 
 RECITALS 

A. Agent, Lenders and Borrowers are parties to that certain Credit and Security Agreement, dated as of October 16, 2017
(as amended by that certain Amendment No. 1 to Credit and Security Agreement and Limited Waiver, dated as of April 5, 2018, and as further amended, modified, supplemented and restated from time to time prior to the date hereof, the
“Existing Credit Agreement” and as the same is amended hereby and as it may be further amended, modified, supplemented and restated from time to time, the “Credit Agreement”), pursuant to which the Lenders have
agreed to make certain advances of money and to extend certain financial accommodations to Borrowers and certain of their Affiliates in the amounts and manner set forth in the Credit Agreement. 

B. Borrowers have requested, and Agent and Lenders constituting not less than Required Lenders have agreed, to (i) consent
to the formation of Mohawk Research & Development Ltd, a company incorporated under the Laws of the State of Israel (“New Israeli Subsidiary”) and the designation of New Israeli Subsidiary as a Restricted Foreign Subsidiary
under the Financing Documents and (ii) amend certain provisions of the Existing Credit Agreement, to, among other things, (w) increase the amount of Debt in respect of credit cards, credit card processing services, debit cards, stored
value cards, purchase cards that the Borrowers are permitted to maintain, (x) permit the Borrowers to maintain certain Inventory outside of the United States, (y) modify certain Eligible Inventory criteria and (z) add a minimum
balance fee, all in accordance with the terms and subject to the conditions set forth herein. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing, the terms and conditions set forth in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Agent, Lenders and Borrowers hereby agree as follows: 

1. Recitals. This Agreement shall constitute a Financing Document and the Recitals and each reference to the
Credit Agreement, unless otherwise expressly noted, will be deemed to reference the Credit Agreement as amended hereby. The Recitals set forth above shall be construed as part of this Agreement as if set forth fully in the body of this Agreement and
capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (including those capitalized terms used in the Recitals hereto). 

2. Limited Consent. At the request of and as an accommodation to the Borrowers, subject to the terms and
conditions set forth herein, including, without limitation, the terms set forth in Section 5, Agent and Lenders constituting not less than Required Lenders consent to formation of New Israeli Subsidiary and the designation of New Israeli
Subsidiary as a Restricted Foreign Subsidiary under the Financing Documents. The consent set forth in this Section 2 is effective solely for the purposes set forth herein and shall be limited precisely as written and shall not be deemed
to (1) be a consent to any 

 
amendment, waiver or modification of any other term or condition of the Credit Agreement or of any other Financing Document; (2) prejudice any right that Agent or the Lenders have or may
have in the future under or in connection with the Credit Agreement or any other Financing Document; (3) constitute a consent to or waiver of any past, present or future Default or Event of Default or other violation of any provisions of the
Credit Agreement or any other Financing Documents, (4) create any obligation to forbear from taking any enforcement action, or to make any further extensions of credit or (5) establish a custom or course of dealing among any of the Credit
Parties, on the one hand, or Agent or any Lender, on the other hand. 
 3. Amendments to Existing Credit
Agreement. Subject to the terms and conditions of this Agreement, including, without limitation, the conditions to effectiveness set forth in Section 5 below, the Existing Credit Agreement is hereby amended as follows: 

(a) Clause (h) of the definition of “Permitted Debt” in Section 1.1 of the Existing Credit Agreement is
hereby amended by deleting “$250,000” where it appears therein and replacing it with “$300,000”. 
 (b)
Section 1.1 of the Existing Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order therein: 

““Minimum Balance” means, at any time, an amount equal to $3,000,000.” 

““Minimum Balance Fee” means a fee equal to (a) the positive difference, if any, remaining after
subtracting (i) the average end-of-day principal balance of Revolving Loans outstanding during the immediately preceding month (without giving effect to the
clearance day calculations referenced in Section 2.2(a)) from (ii) the Minimum Balance multiplied by (b) the highest interest rate applicable to the Revolving Loans during such month (or, during the continuance of an Event of Default,
the default rate of interest set forth in Section 10.5(a)).” 
 ““Second Amendment” means
that certain Amendment No. 2 to Credit and Security Agreement and Limited Consent, dated as of August 8, 2018, by and among Borrowers, Agent and Lenders party thereto.” 

“Second Amendment Effective Date” means the first date that all of the conditions in Section 5 of the
Second Amendment are satisfied.” 
 (c) Section 1.1 of the Existing Credit Agreement is hereby amended by amending
clause (b) of the definition of “Borrowing Base” to add the following proviso immediately prior to the word “plus” contained therein: 

“provided that the Borrowing Base will be automatically adjusted down, if necessary, such that the aggregate
availability of Eligible Inventory from products for which Borrowers have a greater than three (3) month supply on hand but less than five (5) month supply on hand shall never exceed an amount equal to $5,000,000 of the Borrowing
Base;” 
 (d) Section 1.1 of the Existing Credit Agreement is hereby amended by amending and restating clause
(p) of the definition of “Eligible Inventory” in its entirety as follows: 
 “(p) such Inventory consists
of products for which Borrowers have a greater than five (5) month supply on hand;” 

  
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 (e) Section 2.2(c) of the Existing Credit Agreement is hereby amended
by amending and restating such section in its entirety as follows: 
 “(c) Minimum Balance Fee. On the first day
of each month, commencing on the first month following Second Amendment Effective Date, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month. The Minimum Balance Fee
shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.” 

(f) Clause (c) of Section 4.11 is hereby amended by revising the proviso at the end of the subclause (i) thereof
as follows: 
 “provided, however, that in the case of a Restricted Foreign Subsidiary, Borrowers shall
not be required to pledge more than 65% of the Equity Interests of any such first tier Restricted Foreign Subsidiary” 

(g) The first sentence of Section 9.2(g)(iv) of the Existing Credit Agreement is hereby amended and restated to read as
follows: 
 “(iv) Except for Collateral with an aggregate value of $25,000 or less or Collateral stored at the Amazon
Locations, no Inventory or other tangible Collateral shall at any time be in the possession or control of any warehouse, consignee, bailee or any of Borrowers’ agents or processors without prior written notice to Agent and the receipt by Agent,
if Agent has so requested, of warehouse receipts, consignment agreements or bailee lien waivers (as applicable) satisfactory to Agent prior to the commencement of such possession or control; provided that the Borrowers shall not be required
to deliver such warehouse receipts, consignment agreements or bailee lien waivers with respect to Collateral maintained at locations outside of the United States until thirty (30) days after the Second Amendment Effective Date and
provided, further that Borrowers shall not maintain Inventory or other tangible Collateral with a value in excess of $1,000,000 at Edison Road, Hams Hill Distribution Park, Coleshill, Birmingham, B46 1DA, United Kingdom. 

(h) Schedule 9.1 is hereby amended by inserting the phase “first tier” before the phase “Restricted Foreign
Subsidiary” contained therein. 
 (i) Exhibit C (Borrowing Base Certificate) to the Credit Agreement is hereby replaced
in its entirety with Exhibit A attached hereto. 
 4. Representations and Warranties; Reaffirmation of Security
Interest. Each Borrower hereby confirms that all of the representations and warranties set forth in the Credit Agreement are true and correct in all material respects (without duplication of any materiality qualifier in the text of such
representation or warranty) with respect to such Borrower as of the date hereof except to the extent that any such representation or warranty relates to a specific date in which case such representation or warranty shall be true and correct in all
material respects (without duplication of any materiality qualifier in the text of such representation or warranty) as of such earlier date. Each Borrower confirms and agrees that all security interest and Liens granted to Agent continue in full
force and effect, and all Collateral remains free and clear of any Liens, other than Permitted Liens. Nothing herein is intended to impair or limit the validity, priority or extent of Agent’s security interests in and Liens on the Collateral.
Each Borrower acknowledges and agrees that the Credit Agreement, the other Financing Documents and this Agreement constitute the legal, valid and binding obligation of such Borrower, and are enforceable against such Borrower in accordance with its
terms, except as the enforceability thereof may be limited by 

  
 3 

 
bankruptcy, insolvency or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable principles. 

5. Conditions to Effectiveness. This Agreement shall become effective as of the date on which each of the
following conditions has been satisfied, as determined by Agent in its sole discretion: 
 (a) Each Borrower shall have
delivered to Agent this Agreement, executed by an authorized officer of such Borrower; 
 (b) all representations and
warranties of Borrowers contained herein shall be true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty) as of the date hereof except to the extent that any such
representation or warranty relates to a specific date in which case such representation or warranty shall be true and correct in all material respects (without duplication of any materiality qualifier in the text of such representation or warranty)
as of such earlier date (and such parties’ delivery of their respective signatures hereto shall be deemed to be its certification thereof); 

(c) prior to and after giving effect to the agreements set forth herein, no Default or Event of Default shall exist under any
of the Financing Documents; 
 (d) Borrowers shall have delivered such other documents, information, certificates, records,
permits, and filings as the Agent may reasonably request. 
 6. Costs and Expenses. Borrowers shall be
responsible for the payment of all reasonable and documented out-of-pocket costs and fees of Agent’s counsel incurred in connection with the preparation of this
Agreement and any related documents. If Agent or any Lender uses in-house counsel for any of these purposes, Borrowers further agree that the Obligations include reasonable charges for such work commensurate
with the fees that would otherwise be charged by outside legal counsel selected by Agent or such Lender for the work performed. 

7. Release. In consideration of the agreements of Agent and Lenders contained herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Borrower, voluntarily, knowingly, unconditionally and irrevocably, with specific and express intent, for and on behalf of itself and all of its respective
parents, subsidiaries, affiliates, members, managers, predecessors, successors, and assigns, and each of their respective current and former directors, officers, shareholders, agents, and employees, and each of their respective predecessors,
successors, heirs, and assigns (individually and collectively, the “Releasing Parties”) does hereby fully and completely release, acquit and forever discharge each of Agent, Lenders, and each their respective parents, subsidiaries,
affiliates, members, managers, shareholders, directors, officers and employees, and each of their respective predecessors, successors, heirs, and assigns (individually and collectively, the “Released Parties”), of and from any and
all actions, causes of action, suits, debts, disputes, damages, claims, obligations, liabilities, costs, expenses and demands of any kind whatsoever, at law or in equity, whether matured or unmatured, liquidated or unliquidated, vested or
contingent, choate or inchoate, known or unknown that the Releasing Parties (or any of them) has against the Released Parties or any of them (whether directly or indirectly), based in whole or in part on facts, whether or not now known, existing on
or before the Effective Date, that relate to, arise out of or otherwise are in connection with: (i) any or all of the Financing Documents or transactions contemplated thereby or any actions or omissions in connection therewith or (ii) any
aspect of the dealings or relationships between or among any or all of the Borrowers, on the one hand, and any or all of the Released Parties, on the other hand, relating to any or all of the documents, transactions, actions or omissions referenced
in clause (i) hereof. Each Borrower acknowledges that the foregoing release is a material inducement to Agent’s and Lender’s decision to 

  
 4 

 enter into this Agreement and agree to the modifications contemplated hereunder, and has
been relied upon by Agent and Lenders in connection therewith. 
 8. No Waiver or Novation. The execution,
delivery and effectiveness of this Agreement shall not, except as expressly provided in this Agreement, operate as a waiver of any right, power or remedy of Agent, nor constitute a waiver of any provision of the Credit Agreement, the Financing
Documents or any other documents, instruments and agreements executed or delivered in connection with any of the foregoing. Nothing herein is intended or shall be construed as a waiver of any existing Defaults or Events of Default under the Credit
Agreement or the other Financing Documents or any of Agent’s rights and remedies in respect of such Defaults or Events of Default. This Agreement (together with any other document executed in connection herewith) is not intended to be, nor
shall it be construed as, a novation of the Credit Agreement. 
 9. Confidentiality. No Borrower will disclose
the contents of this Agreement, the Credit Agreement or any of the other Financing Documents to any third party (other than to such Borrower’s current and prospective direct and indirect financing sources, acquirors and holders of Debt of
Credit Parties and the Credit Parties’ direct and indirect equityholders, and its and their respective attorneys, advisors, directors, managers and officers on a
need-to-know basis or as otherwise may be required by law or in connection with the resolution of a dispute brought hereunder involving a Credit Party and any of Agent,
any Lender, any Participant) without Agent’s prior written consent. Each Borrower agrees to inform all such persons who receive information concerning this Agreement, the Credit Agreement and the other Financing Documents that such information
is confidential and may not be disclosed to any other person except as may be required by Law, including to any court or regulatory agency having jurisdiction over such Borrower, any Lender or the Agent. 

10. Affirmation. Except as specifically amended pursuant to the terms hereof, each Borrower hereby acknowledges
and agrees that the Credit Agreement and all other Financing Documents (and all covenants, terms, conditions and agreements therein) shall remain in full force and effect, and are hereby ratified and confirmed in all respects by such Borrower. Each
Borrower covenants and agrees to comply with all of the terms, covenants and conditions of the Credit Agreement and the Financing Documents, notwithstanding any prior course of conduct, waivers, releases or other actions or inactions on Agent’s
or any Lender’s part which might otherwise constitute or be construed as a waiver of or amendment to such terms, covenants and conditions. 

11. Miscellaneous. 

(a) Reference to the Effect on the Credit Agreement. Upon the effectiveness of this Agreement, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,” or words of similar import shall mean and be a reference to the Credit Agreement, as amended by this Agreement. Except as specifically
amended above, the Credit Agreement, and all other Financing Documents (and all covenants, terms, conditions and agreements therein), shall remain in full force and effect, and are hereby ratified and confirmed in all respects by each Borrower. 

(b) GOVERNING LAW. THIS AGREEMENT AND EACH OTHER FINANCING DOCUMENT, AND ALL MATTERS RELATING HERETO OR THERETO OR
ARISING THEREFROM (WHETHER SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE), SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF MARYLAND, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 

(c) Incorporation of Credit Agreement Provisions. The provisions contained in Section 11.6
(Indemnification), Section 12.8 (Submission to Jurisdiction) and Section 12.9 (Waiver of 

  
 5 

 Jury Trial) of the Credit Agreement are incorporated herein by reference to the same
extent as if reproduced herein in their entirety. 
 (d) Headings. Section headings in this Agreement are included for
convenience of reference only and shall not constitute a part of this Agreement for any other purpose. 
 (e)
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be deemed an original and all of which when taken together shall constitute one and the same instrument. Delivery of an executed counterpart of this
Agreement by facsimile or by electronic mail delivery of an electronic version (e.g., .pdf or .tif file) of an executed signature page shall be effective as delivery of an original executed counterpart hereof and shall bind the parties hereto. 

(f) Entire Agreement. The Credit Agreement, as amended hereby, and the other Financing Documents constitute the entire
agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. 

(g) Severability. In case any provision of or obligation under this Agreement shall be invalid, illegal or unenforceable
in any applicable jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

(h) Successors/Assigns. This Agreement shall bind, and the rights hereunder shall inure to, the respective successors
and assigns of the parties hereto, subject to the provisions of the Credit Agreement and the other Financing Documents. 
 [SIGNATURES APPEAR
ON FOLLOWING PAGES] 

  
 6 

 IN WITNESS WHEREOF, intending to be legally bound, and intending that this
document constitute an agreement executed under seal, the undersigned have executed this Agreement under seal as of the day and year first hereinabove set forth. 
  

							
	 AGENT:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

		
	 LENDER:
	 	 MIDCAP FUNDING X TRUST

			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

		
	 LENDER:
	 	MIDCAP FUNDING V TRUST
			
		 	 By:
	 	 Apollo Capital Management, L.P.,

its investment manager

			
		 	 By:
	 	 Apollo Capital Management GP, LLC,

its general partner

				
		 		 	 By:
	 	 /s/ Maurice Amsellem

		 		 	 Name: Maurice Amsellem

		 		 	 Title: Authorized Signatory

 [Signatures Continue on Following Page] 

							
	 BORROWERS:
	 		 		 	
		 	 MOHAWK GROUP, INC.
	 	
				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig
	 	
		 	 Title: CEO
	 	
			
		 	 XTAVA LLC
	 	
				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig
	 	
		 	 Title: CEO
	 	
			
		 	 SUNLABZ LLC
	 	
				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig
	 	
		 	 Title: CEO
	 	
			
		 	 RIF6 LLC
	 	
				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig
	 	
		 	 Title: CEO
	 	
			
		 	 VREMI LLC
	 	
				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yuniv Sarig
	 	
		 	 Title: CEO
	 	
			
		 	 HOMELABS LLC
	 	
				
		 	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

		 	 Name: Yaniv Sarig
	 	
		 	 Title: CEO
	 	
		 		 		 	

 
					
	 VIDAZEN LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 URBAN SOURCE LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 ZEPHYRBEAUTY LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 DISCOCART LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 VUETI LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 PUNCHED LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	

 
					
	 SWEETHOMEDEALZ LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 KITCHENVOX LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 EXORIDER LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 KINETIC WAVE LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 3GIRLSFROMNY LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	
	
	 CHICALLEY LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	

 
					
	 BOXWHALE, LLC

			
	 By:
	 	 /s/ Yaniv Sarig
	 	 (SEAL)

	 Name: Yaniv Sarig
	 	
	 Title: CEO
	 	

 EXHIBIT A 

Borrowing Base Certificate 

Attached. 

 MidCap Funding X Trust 

Borrowing Base Report 
  

			
	 BBR Date:
	  	
                       
                         

		
	 Name:
	  	 Mohawk Group
Inc.             

  

													
	 	  	Amazon	 	  	Non-Amazon	 	  	Total	 
	 1. Accounts Receivable
	  				  				  			
	 1-30 Past Date of Invoice
	  				  				  			
	 31-60 Past Date of Invoice
	  				  				  			
	 61-90 Past Date of Invoice
	  				  				  			
	 > 90 Past Date of Invoice
	  				  				  			
	 2. Total A/R
	  				  				  			
	 Less: Ineligible A/R
	  				  				  			
	 A/R > 30 Days Past Date of Invoice
	  				  				  			
	 Cross Age @ 50%
	  				  				  			
	 Foreign A/R (Excluding Canada)
	  				  				  			
	 Amazon Vendor Central
	  				  				  			
	 Bullboat UK Ltd
	  				  				  			
	 Government Payor
	  				  				  			
	 Private Payor
	  				  				  			
	 Concentration Limit @ 20% (Excluding Amazon)
	  				  				  			
	 Contras
	  				  				  			
	 Credit Balances >30 Days Past Date of Invoice
	  				  				  			
	 3. Total Ineligible A/R
	  				  				  			
	 4. Net Eligible A/R
	  				  				  			
	     Reserves
	  				  				  			
	 Product Return Reserve
	  				  				  			
	 5. Net Eligible A/R
	  				  				  			
				
	 Computation of Availability
	  				  				  			
	 6. Total Eligible Accounts:
	  				  				  	$	—  	 
	 7a. (Less): Cash Posted Since Last Aging
	  				  				  	$	—  	 
	 7b. Add: A/R since last aging
	  				  				  	$	—  	 
	 7c. Plus/(Minus): Adjustments
	  				  				  	$	—  	 
		  				  				  	  
	  
	 
	 8. Net Eligible Accounts
	  				  				  	$	—  	 
	 Gross Advance Rate
	  				  				  	 	85.0	% 
	 Less: Dilution Reserve
	  				  				  			
	 9. Advance Rate
	  				  				  	 	85.0	% 
		  				  				  	  
	  
	 
	 10. Net A/R Availability
	  				  				  	$	—  	 
	 11. Net Inventory Availability
	  				  				  			
		  				  				  	  
	  
	 
	 12. Net Availability
	  				  				  			
		  				  				  	  
	  
	 
				
	 Computation of Loan
	  				  				  			
	 13. Facility Limit
	  				  				  	$	15,000,000.00	 
	 14. Available to Borrow (not to exceed limit)
	  				  				  			
	 15. Loan Balance on Prior Borrowing Base Certificate
	  				  				  			
	 16. (Less): Cash Collections since last Borrowing Base Certificate
	  				  				  			
	 17. Increase/(Decrease): Adjustments
	  				  				  			
		  				  				  	  
	  
	 
	 18. Loan Advances
	  				  				  			
		  				  				  	  
	  
	 
	 19. Ending Loan Balance
	  				  				  			
	 20. Letter of Credit Outstandings
	  				  				  	$	—  	 
		  				  				  	  
	  
	 
	 21. Overall Reserve
	  				  				  	$	—  	 
		  				  				  	  
	  
	 
	 22. Remaining Availability (Lines
15-20-21-22)
	  				  				  			

 Pursuant to, and in accordance with, the terms and provisions of the Financing Documents
(“Documents”), between Midcap Funding X Trust (“Secured Party”) and Mohawk Group Inc. (“Borrower”), Borrower is executing and delivering to Secured Party this Borrowing Base Report accompanied by supporting data
(collectively referred to as “Report”). Borrower warrants and represents to Secured Party that this Report is true, correct, and based on information contained in Borrower’s own financial accounting records. 

Borrower, by the execution of this Report: 

(a) Hereby ratifies, confirms, and affirms all of the terms, and further certifies that the Borrower is in compliance with the Loan Documents
as of :        (b) Hereby certifies that the Borrower has paid all State and Federal payroll witholding taxes immediately due and payable
through             .Capitalized Terms used herein and not otherwise defined shall have the meaning ascribed to them in the Credit and Security Agreement between Secured Party and Borrower
dated October 16, 2017. 
  

			
	 (Responsible Officer’s Signature)

	
	  

	 Name:
	 	
	 Title:
	 	

  

					
	 Cover
	  	Confidential	  	Page 1

 Mohawk Group Inc. 

A/R Availability 

			
	 As of
	 	

  

													
	 	  	Amazon	 	  	Non-Amazon	 	  	Total	 
	 Accounts Receivable
	  				  				  			
	 1-30 Past Date of Invoice
	  				  				  			
	 31-60 Past Date of Invoice
	  				  				  			
	 61-90 Past Date of Invoice
	  				  				  			
	 > 90 Past Date of Invoice
	  				  				  			
	 Total A/R
	  				  				  			
	 Less: Ineligible A/R
	  				  				  			
	 A/R > 30 Days Past Date of Invoice
	  				  				  			
	 Cross Age @ 50%
	  				  				  			
	 Foreign A/R (Excluding Canada)
	  				  				  			
	 Amazon Vendor Central
	  				  				  			
	 Bullboat UK Ltd
	  				  				  			
	 Government Payor
	  				  				  			
	 Private Payor
	  				  				  			
	 Concentration Limit @ 20% (Excluding Amazon)
	  				  				  			
	 Contras
	  				  				  			
	 Credit Balances >30 Days Past Date of Invoice
	  				  				  			
	 Total Ineligible A/R
	  				  				  			
	 Net Eligible A/R
	  				  				  			
	 Reserves
	  				  				  			
	   Product Return Percentage
	  				  				  			
	   Historical Dilution Percentage
	  				  				  			

 Mohawk Group Inc. 

Inventory Availability 
 As of 

 

													
	 	  	Landed	 	 	In-Transit	 	 	Total	 
	 Gross Inventory at Cost
	  				 				 			
	 Less: Ineligibles & Reserves
	  				 				 			
	 Slow moving (aged over 365 days)
	  				 				 			
	 > 5 Month Supply on Hand 3—5 Month Supply on Hand > Cap
	  				 				 			
	 Damaged, Defective or Expired
	  				 				 			
	 Discontinued
	  				 				 			
	 Consignment
	  				 				 			
	 Uninsured
	  				 				 			
	 Foreign (Excluding Canada)
	  				 				 			
	 No Access Agreement (Excluding Amazon)
	  				 				 			
	 Licensed from 3rd Party
	  				 				 			
	 Freight & Duty Reserve
	  				 				 			
	 Total Ineligible Inventory
	  				 				 			
	 Total Eligible Inventory
	  				 				 			
				
	 Inventory @ NOLV
	  				 				 			
	 Total Eligible Inventory
	  	 	—  	 	 	 	—  	 	 			
	 NOLV
	  	 	65.5	% 	 	 	65.5	% 	 			
	 Net Eligible Inventory
	  	 	—  	 	 	 	—  	 	 	 	—  	 
	 Advance Rate
	  	 	85.0	% 	 	 	65.0	% 	 			
	 Availability Before Cap
	  	 	—  	 	 	 	—  	 	 	 	—  	 
				
	 Inventory @ Cost
	  				 				 			
	 Total Eligible Inventory
	  	 	—  	 	 	 	—  	 	 	 	—  	 
	 Advance Rate
	  	 	65.0	% 	 	 	65.0	% 	 			
	 Availability Before Cap
	  	 	—  	 	 	 	—  	 	 	 	—  	 
				
	 Inventory Availability
	  				 				 			
	 Lesser of Availability at Cost or NOLV
	  	 	—  	 	 	 	—  	 	 	 	—  	 
	 Cap
	  				 				 			
	 Net Inventory Availability
	  	 	—  	 	 	 	—  	 	 	 	—  	 

 

									
	90 - 150 Day Inventory Eligibility Calculation	  

			
	 	  	Landed	 	  	Total	 
	 3 - 5 Month Supply on Hand Cap
	  				  			
	 3 - 5 Month Supply on Hand > Cap

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