Alex Johnson

Samantha Lee

- On **September 29, 2025**, United Homes Group, Inc. (UHG) entered into a **Fourth Amendment to its Second Amended and Restated Credit Agreement** with Wells Fargo Bank, National Association, and a **First Amendment to its Credit Agreement** with Kennedy Lewis Agency Partners LLC.  **[1830188_0001830188-25-000066_exhibit101-fourthamendtose.htm:0]** **[1830188_0001830188-25-000066_exhibit102-firstamendmentt.htm:0]** **[1830188_0001830188-25-000066_uhg-20250929.htm:1]** **[1830188_0001830188-25-000066_uhg-20250929.htm:2]** 
- The Wells Fargo amendment revises financial covenants, increasing the **minimum Tangible Net Worth** to **$76,005,357.00** and the **minimum Liquidity** to **$45,000,000** for the period from September 29, 2025, through the Specified Covenant Termination Date.  **[1830188_0001830188-25-000066_uhg-20250929.htm:1]** **[1830188_0001830188-25-000066_exhibit101-fourthamendtose.htm:1]** **[1830188_0001830188-25-000066_exhibit101-fourthamendtose.htm:2]** 
- For the Wells Fargo facility, the **minimum Debt Service Coverage Ratio** was adjusted to **1.35 to 1.00** for the fiscal quarter ending September 30, 2025, and **1.50 to 1.00** for the fiscal quarter ending December 31, 2025.  **[1830188_0001830188-25-000066_uhg-20250929.htm:1]** **[1830188_0001830188-25-000066_exhibit101-fourthamendtose.htm:2]** 
- The Kennedy Lewis amendment also sets the **minimum Debt Service Coverage Ratio** at **1.35 to 1.00** through December 31, 2025, allowing for two instances where it can be less than 1.35 to 1.00 but greater than or equal to **1.20 to 1.00** from December 11, 2024, until December 31, 2025.  **[1830188_0001830188-25-000066_uhg-20250929.htm:2]** **[1830188_0001830188-25-000066_exhibit102-firstamendmentt.htm:1]**

United Homes Group (UHG)