CarParts.com, Inc. Loan and Security Agreement

CarParts.com, Inc. has entered into a Loan and Security Agreement with First Business Specialty Finance, LLC, establishing an asset-based revolving credit facility of up to $25,000,000. This facility is secured by substantially all of the company's assets, with certain subsidiaries acting as guarantors. The borrowing base is primarily determined by the company's cash, accounts receivable, and inventory. The interest rate is set at 1 Month Term SOFR plus 3.25%, with potential reductions based on the company's Fixed Charge Coverage Ratio. The credit facility matures on March 31, 2028, with provisions for automatic renewal. Prepayment penalties apply if terminated before maturity. The agreement includes customary covenants restricting the company's financial activities and events of default. Concurrently, CarParts.com terminated its previous credit facility with JPMorgan Chase Bank, under which no amounts were outstanding. This filing also incorporates information regarding the termination of the JPM Credit Facility and the creation of the new financial obligation.