Koil Energy Solutions, Inc. Enters into Loan and Security Agreement

Koil Energy Solutions, Inc. (the "Borrower") has entered into a Loan and Security Agreement with nFusion Capital Finance, LLC (the "Lender") for a revolving credit facility of up to $5.0 million. The facility is based on an 85% advance rate of eligible accounts, subject to customary reserves. Interest accrues at an annual rate equal to the prime rate plus 4.75%, with a floor of 6.75%. The agreement has an initial maturity of 12 months and automatically renews for successive one-year terms unless terminated. Obligations are secured by a first-priority security interest in substantially all of the Borrower's personal property assets. The Borrower paid a 1.0% loan fee and agreed to monthly fees, including a 0.25% collateral monitoring fee. An early termination fee of 2.0% of the maximum revolver amount applies in certain circumstances. The agreement includes customary representations, warranties, covenants, reporting obligations, and events of default. This filing also lists exhibits including the Loan and Security Agreement, a Revolving Credit Note, and a Press Release.