Material Agreement (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On July 24, 2025, Creative Realities, Inc. (the "Company"), the Company's subsidiaries and First Merchants Bank (the "Bank") executed a Second Amendment to Credit Agreement. The Second Amendment amends the borrowing base used to determine the availability of the Company's revolving line of credit under the credit agreement with the Bank. The borrowing base is equal to a percentage, or "Borrowing Base Margin," of the sum of (a) the net orderly liquidation value of certain contracts of the Company eligible for inclusion, less (b) reserves required by the Bank, in each case as determined in accordance with the credit agreement. The Second Amendment provides that the Borrowing Base Margin means (i) 95% from June 30, 2025 through September 29, 2025, (ii) 90% from September 30, 2025 through October 30, 2025, and (iii) 85% on and after October 31, 2025.

The foregoing description of the Second Amendment is a summary only and does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.