Nehal Chokshi

Rohit Kulkarni

Alexander Paris

Alex Paris

Jared Osteen

- On **October 15, 2025**, zSpace, Inc. entered into an **Amendment to Senior Secured Convertible Note**, originally issued on **April 11, 2025**, for **$13,978,495**.  **[1637147_0001104659-25-100452_tm2528843d1_ex10-1.htm:0]** **[1637147_0001104659-25-100452_tm2528843d1_8k.htm:1]** 
- The amendment **reduced the "Floor Price"** for the convertible note from **$1.98 per share** to **$0.60 per share**.  **[1637147_0001104659-25-100452_tm2528843d1_8k.htm:1]** **[1637147_0001104659-25-100452_tm2528843d1_ex10-1.htm:2]** 
- It also revised **"Equity Conditions"** for stock payments, lowering the required minimum VWAP from **$1.98** to **$0.75** and the average daily trading volume from **$300,000** to **$200,000**.  **[1637147_0001104659-25-100452_tm2528843d1_8k.htm:1]** **[1637147_0001104659-25-100452_tm2528843d1_ex10-1.htm:1]** 
- The note holder **waived certain Events of Default** as of **October 15, 2025**, and the Company committed to pay **$509,493.69** by **October 16, 2025**, and **$108,936.56** by **November 14, 2025**, for Cash True-Up Amounts.  **[1637147_0001104659-25-100452_tm2528843d1_ex10-1.htm:0]** 
- At its Annual Meeting on **October 15, 2025**, stockholders **approved the issuance of shares of Common Stock** related to both the Convertible Promissory Note and a separate Common Stock Purchase Agreement.  **[1637147_0001104659-25-100452_tm2528843d1_8k.htm:2]**

zSpace (ZSPC)