On February 1, 2024, Interactive Strength Inc. entered into a Credit Agreement (the ?Credit Agreement?) with Vertical Investors LLC, a Mississippi limited liability company (the ?Lender?) pursuant to which the Company agreed to borrow from the Lender a term loan in the aggregate principal amount of $7,968,978 (the ?Loan?). The Credit Agreement contains customary representations, warranties, and covenants of the Company and the Purchaser. The Loan accrues interest at the rate as set therein (the ?Note Rate?).

The maturity date of the Note is June 28, 2024 (the ?Maturity Date?). The Credit Agreement requires the Company to make loan payments on the following schedule: (i) on or before February 23, 2024, the Company shall pay to the Lender the amount which is the sum of (a) $2,000,000, (b) the accrued and unpaid interest then due and owing under the Loan, and (c) the projected interest to be accrued and payable under the Loan through April 30, 2024; (ii) on or before April 30, 2024, the Company shall pay to the Lender the amount which is the sum of (a) $500,000, (b) the accrued and unpaid interest then due and owing under the Loan, and (c) the projected interest to be accrued and payable under the Loan through May 31, 2024; (iii) on or before May 31, 2024, the Company shall pay to the Lender the amount which is the sum of (a) $500,000, (b) the accrued and unpaid interest then due and owing under the Loan, and (c) the projected interest to be accrued and payable under the Loan through the Maturity Date; and (iv) on or before the Maturity Date, the Company shall pay to the Lender the amount which is the sum of (a) the remaining principal then outstanding under the Loan and (b) the accrued and unpaid interest then due and owing under the Loan. The Credit Agreement sets certain standard events of default, upon the occurrence of which the Company is required to deliver written notice to the Lender within ten (10) business days.

At any time after the earlier of (a) the Lender?s receipt of a notice of default, and (b) the Lender becoming aware of the event of default, the Lender may require the Company to redeem all or any portion of the Loan. Upon an event of default, the Loan shall bear interest at a rate of the sum of the Note Rate and 5.0% per month. Entry into the Credit Agreement and the related agreements and documents, was approved by the Company?s board of directors on February 1, 2024.