On January 31, 2020, Handy & Harman Group Ltd., SPH Group Holdings LLC, Steel Excel Inc., API Americas Inc., iGo, Inc. and Cedar 2015 Limited (collectively, the “Borrowers”) entered into an amendment (the “Fifth Amendment”) to their credit agreement (the “Credit Agreement”), dated as of November 14, 2017, with PNC Bank, National Association, in its capacity as administrative agent, the lenders party thereto, and certain of the Borrowers’ affiliates in their capacities as guarantors. The Fifth Amendment amends certain terms and provisions of the Credit Agreement to permit API Group Limited, Cedar 2015 Limited and certain of their subsidiaries (collectively, the “API Entities”) to sell their operations or assets or commence winding up of their affairs and liquidating their respective businesses, following the loss of certain major customers, adverse market conditions and other factors which have contributed to underperformance.