Document

AMENDMENT NO. 3 to LIMITED GUARANTY AND INDEMNITY AGREEMENT (this “Amendment”) dated as of May 7, 2026 (the “Effective Date”), by and among (a) BASTION FUNDING VI LP, a Delaware limited partnership, as Administrative Agent (“Agent”) and (b) SEZZLE INC., a Delaware corporation (“Limited Guarantor”).

WHEREAS, Sezzle Funding SPE II LLC (“Debtor”), the Agent and the Lenders party thereto (“Lenders”) have entered into an Amended and Restated Revolving Credit and Security Agreement dated as of May 7, 2026 (as amended from time to time, the “Loan Agreement”) pursuant to which the Lenders extended a credit facility to Debtor on the terms and conditions described therein.

WHEREAS, as required by the Loan Agreement, Guarantor and Agent have entered into a Limited Guaranty and Indemnity Agreement dated as of April 19, 2024 (as amended from time to time, the “Limited Guaranty”); and

“(m) Limited Guarantor shall not make, directly or indirectly, any Restricted Payment (whether in the form of cash or other assets) or incur any obligation (contingent or otherwise) to do so, unless (a) no Default or Event of Default has occurred or is continuing or shall occur from the making of such Restricted Payment, (b) Limited Guarantor’s last twelve months of consolidated net income (loss) is positive and (c) the aggregate amount of such Restricted Payments made on or after May 7, 2026 does not exceed the sum of (x) $75 million plus (y) 50% of the Limited Guarantor’s consolidated net income and 100% of the Limited Guarantor’s consolidated net loss after May 7, 2026.”

(a) This Amendment and the Limited Guaranty as modified hereby constitute legal, valid and binding obligations of Limited Guarantor, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

(b) As of the Effective Date and after giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing and (ii) the representations and warranties of Limited Guarantor set forth in the Limited Guaranty are true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse Effect) with the same effect as though made on and as of the Effective Date (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date is true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse Effect) only as of such specified date).

(a) Except as specifically amended by this Amendment, the Limited Guaranty and all other Facility Documents, instruments and materials executed and delivered pursuant to the Loan Agreement shall remain in full force and effect and are hereby ratified and confirmed.

(b) Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Lenders, nor constitutes a waiver of any provision of the Limited Guaranty or any other documents, instruments and agreements executed and/or delivered in connection therewith.

4. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO HEREBY AGREES TO THE NONEXCLUSIVE JURISDICTION OF ANY FEDERAL COURT LOCATED WITHIN THE STATE OF NEW YORK. EACH OF THE PARTIES HERETO WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT.

5. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

6. Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Signatures delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered in person.

7. Survival. All agreements, representations and warranties made in this Amendment or in any documents delivered pursuant to this Amendment shall survive the execution of this Amendment and the delivery of such document.

IN WITNESS WHEREOF, the parties have caused this Amendment No. 3 to the Limited Guaranty to be executed by their respective officers thereunto duly authorized, as of the date first above written.