Material Agreement, Financial Obligation (Form 8-K)

On August 26, 2026, OP SPE SUMMIT, LLC, as borrower ("OP SPE"), a wholly owned subsidiary of Offerpad Solutions Inc. (the "Company"), WHGG II TRUST ("WHGG"), and ASCENT DEVELOPER SOLUTIONS LLC ("Ascent," and, collectively with WHGG, the "Lender"), entered into the First Amendment to Second Amended and Restated Revolving Loan Agreement (the "New Amendment"), which amends that certain Second Amended and Restated Revolving Loan Agreement (the "Second Amendment"), dated as of July 29, 2026, by and among OP SPE and the Lender.

The New Amendment, among other things, modifies the terms of the existing revolving loan to increase the principal uncommitted borrowing capacity from $100 million to $150 million (the "Loan").

The Second Amendment, as amended by the New Amendment, contains customary representations and warranties, and covenants, including, among other things, a customary financial covenant that restricts OP SPE's ability to incur indebtedness, and contains customary events of default that would result in the termination of the Loan and permit the Lender to accelerate payment on outstanding borrowings.

The foregoing does not purport to be a complete description of the terms of the New Amendment and such description is qualified in its entirety by reference to the New Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.