Howard Halpern

Lawrence Katz

- **AIR INDUSTRIES GROUP** entered into the **Ninth Amendment to Loan and Security Agreement** with **Webster Bank** on **September 9, 2025**.  **[1009891_0001213900-25-087386_ea0256921-8k_airindus.htm:0]** **[1009891_0001213900-25-087386_ea025692101ex10-1_airindus.htm:0]** 
- Under the amendment, **$3,930,000** of proceeds from the company's At The Market Offering will be maintained in an interest-bearing account at Webster Bank, serving as **security for its obligations** under the Loan and Security Agreement.  **[1009891_0001213900-25-087386_ea0256921-8k_airindus.htm:0]** 
- The amendment updated the definition of "Borrowing Base" to include **one hundred percent (100%) of Qualified Cash**, which is unrestricted cash held in a controlled account with the Lender.  **[1009891_0001213900-25-087386_ea025692101ex10-1_airindus.htm:0]** 
- This controlled account holding Qualified Cash will be subject to a block, preventing access to these funds by the Credit Parties.  **[1009891_0001213900-25-087386_ea025692101ex10-1_airindus.htm:1]**

AIR INDUSTRIES (AIRI)