2- 5. maintain a Leverage Ratio of not less than 5.00:1.00 for the fiscal quarter ending on March 31, 2022, as required by Section 7.03(a) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the...

Execution Version SECOND AMENDED & RESTATED LIMITED WAIVER TO FINANCING AGREEMENT This SECOND AMENDED & RESTATED LIMITED WAIVER TO FINANCING AGREEMENT dated as of September 29, 2023 (this “Waiver”), is entered into among TROIKA MEDIA GROUP, INC., a Nevada corporation (the “Borrower”), each subsidiary of Borrower listed as a “Guarantor” on the signature pages hereto (together with Borrower and each other Person that executes a joinder agreement and becomes a “Guarantor” under the Financing Agreement referenced below, each a “Guarantor” and collectively, the “Guarantors”), the Lenders party hereto, Blue Torch Finance LLC, a Delaware limited liability company (“Blue Torch”), as collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), and Blue Torch, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent” and together with the Collateral Agent, each an “Agent” and collectively, the “Agents”). W I T N E S S E T H: WHEREAS, the Borrower, Guarantors, Lenders, and Agents previously entered into that certain Financing Agreement dated as of March 21, 2022 (as amended by the Prior Limited Waiver (as hereinafter defined), that certain First Amendment to Financing agreement, dated as of September 22, 2023, and as further amended, supplemented or otherwise modified from time to time prior to the date hereof, the “Financing Agreement”); WHEREAS, as described in that certain letter dated October 3, 2022, delivered to the Borrower by the Agents, and as acknowledged by the Loan Parties in the Prior Limited Waiver and further described below, the following Events of Default have occurred and remain continuing under the Financing Agreement as a result of the Loan Parties’ failure to: 1. deliver the monthly financial reporting as and when due pursuant to Section 7.01(a)(i) of the Financing Agreement which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 7.01(a)(i) Event of Default”); 2. deliver the quarterly financial reporting as and when due pursuant to Section 7.01(a)(ii) of the Financing Agreement which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 7.01(a)(ii) Event of Default”); 3. comply with its obligations under Section 7.01(c) and Section 7.02(a) of the Financing Agreement by failing to pay all required state Taxes, resulting in the imposition of a Lien that is not a Permitted Lien, which such failures each constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 7.01(c) Event of Default”); 4. not make, and not permit any Subsidiary to make, a Restricted Payment other than Permitted Restricted Payments as required under Section 7.02(h) of the Financing Agreement, by making payments to Affiliates of the Borrower under certain consulting and services agreements, each of which constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (together, the “Section 7.02(h) Events of Default”);

-2- 5. maintain a Leverage Ratio of not less than 5.00:1.00 for the fiscal quarter ending on March 31, 2022, as required by Section 7.03(a) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “March 2022 Section 7.03(a) Event of Default”) 6. deliver, prior to (x) April 5, 2022, a notice to the Small Business Association pursuant to Section 9-513 of the UCC to authorize the filing of a termination statement in respect of the Existing Indebtedness and (y) April 20, 2022, to the Agent UCC-3 termination statements or equivalent documents demonstrating that the following state tax liens have been terminated: (i) state tax lien against Troika Design Group, Inc., filed on July 29, 2020, (ii) state tax lien against Troika- Mission Holdings, Inc., filed on July 28, 2021, and (iii) state tax lien against Troika Mission Worldwide, Inc., filed on May 29, 2019, each of which such failures constitute an Event of Default under Section 9.01(c) of the Financing Agreement (collectively, the “Lien-Release Events of Default”); 7. deliver the landlord waiver agreements to the Agent on or before April 20, 2022 (or such later date as agreed by the Agent at the request of the Borrower) as required by Section 5.03(c) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 5.03(c) Event of Default”); 8. deliver the collateral access agreements to the Agent on or before April 20, 2022 (or such later date as agreed by the Agent at the request of the Borrower) as required by Section 5.03(d) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 5.03(d) Event of Default”); 9. deliver the Control Agreements to the Agent on or before May 5, 2022, as required by Section 5.03(f) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 5.03(f) Event of Default”); 10. deliver the Acquired Business Audited Financials on or before May 20, 2022, in form and substance reasonably satisfactory to the Required Lenders, as required by Section 5.03(g) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 5.03(g) Event of Default”); 11. accurately represent under Section 6.01(i) of the Financing Agreement the Borrower’s failure to make a safe harbor matching contribution in 2017 and remain compliant with its ongoing obligations under Section 7.02(o) of the Financing Agreement which constitutes an Event of Default under Sections 9.01(b) and (o), respectively, of the Financing Agreement (together, the “ERISA Events of Default”); 12. prevent the occurrence of a Change of Control which has occurred as a result of the (i) changes in the composition of the Board of Directors of the Borrower and (ii) cessation of Xxxxxx Xxxxxxxxx to be involved in the day to day operations and management of the business of the Borrower and/or Subsidiaries, under subsections (b) and (e), respectively, of the definition of

-3- “Change of Control”, each of which constitutes and Event of Default under Section 9.01(r) of the Financing Agreement (together, the “Change of Control Events of Default”, and together with the Section 7.01(a)(i) Event of Default, Section 7.01(a)(ii) Event of Default, Section 7.01(c) Event of Default, Section 7.02(h) Events of Default, March 2022 Section 7.03(a) Event of Default, Lien- Release Events of Default, Section 5.03(c) Event of Default, Section 5.03(d) Event of Default, Section 5.03(f) Event of Default, Section 5.03(g) Event of Default, Change of Control Events of Default, and ERISA Events of Default, collectively, the “Existing Specified Events of Default”); WHEREAS, as previously described to the Agents in writing, certain ERISA Events have occurred which have resulted, or may result, in an Event of Default under Section 9.01(b) or 9.01(o) of the Financing Agreement (collectively, the “ERISA Events of Default”); WHEREAS, the Loan Parties have failed to maintain a Leverage Ratio of not less than 4.60:1.00 for the fiscal quarter ending on June 30, 2022, 4.10:1.00 for the fiscal quarter ending on September 30, 2022, 3.60:1.00 for the fiscal quarter ending on December 31, 2022, 3.20:1.00 for the fiscal quarter ending on March 31, 2023, 2.80:1.00 for the fiscal quarter ending on June 30, 2023, each as required by Section 7.03(a) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 7.03(a) Events of Default”); WHEREAS, the Loan Parties have failed to maintain a Fixed Charge Coverage Ratio of not less than 1.00:1.00 for the fiscal quarters ending on March 31, 2022 and June 30, 2022, and 1.25:1.00 for the fiscal quarters ending on September 30, 2022, December 31, 2022, March 31, 2023 and June 30, 2023, each as required by Section 7.03(b) of the Financing Agreement, which such failure constitutes an Event of Default under Section 9.01(c) of the Financing Agreement (the “Section 7.03(b) Events of Default”); WHEREAS, the Loan Parties have failed to comply with the requirements of Section 7.01(b) of the Financing Agreement after the formation of CD Acquisition Corp., which such failure constitutes an Event of Default under Section 9.01(d) of the Financing Agreement (the “CD Acquisition Corp. Joinder Event of Default”); WHEREAS, the Loan Parties have requested that the Agents and Lenders waive any failure of the Loan Parties to make the quarterly principal and interest payments due to be paid on or about September 30, 2023 (the “September 2023 P&I Payment”), as required pursuant to Sections 2.03(b) and 2.04(d) of the Financing Agreement, each such failure to pay the September 2023 P&I Payment shall, upon and subject to the occurrence thereof, constitute an Event of Default under Section 9.01(a) of the Financing Agreement (the “Anticipated September 2023 Payment Defaults”, and, together with ERISA Events of Default, the Existing Specified Events of Default, Section 7.03(a) Events of Default, Section 7.03(b) Events of Default and the CD Acquisition Corp. Joinder Event of Default, the “Specified Events of Default”); WHEREAS, the Borrower, Guarantors, Lenders, and Agents entered into that certain Amended and Restated Limited Waiver to Financing Agreement dated as of February 10, 2023 (as amended by that certain First Amendment to Amended and Restated Limited Waiver to Financing

-4- Agreement, dated as of May 8, 2023 (the “First Amendment to A&R Waiver”), Second Amendment to Amended and Restated Limited Waiver to Financing Agreement dated as of July 14, 2023, Third Amendment to Amended and Restated Limited Waiver to Financing Agreement dated as of July 28, 2023, Fourth Amendment to Amended and Restated Limited Waiver to Financing Agreement dated as of August 23, 2023, and as further amended, amended and restated, modified and supplemented from time to time prior to the date hereof, the “Prior Limited Waiver”); WHEREAS, Borrower and the other Loan Parties have requested that the Agents and the Required Lenders agree to amend and restate the Prior Limited Waiver in its entirety as of the Waiver Effective Date and provide a limited and temporary waiver of the Specified Events of Default, all on the terms set forth herein; and WHEREAS, the Agents and the Lenders party hereto (which constitute Required Lenders under the Financing Agreement) are willing to accommodate such request subject to the terms, conditions and other provisions hereof. NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged), the parties hereto, intending to be legally bound hereby, agree as follows: 1. Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Financing Agreement or other Loan Documents, as applicable. 2. Limited Waiver. (a) Subject to the terms and conditions set forth below in Section 3 hereof, the Agents and the Required Lenders hereby agree that each Specified Event of Default is hereby temporarily waived through and including the earlier to occur of (i) the date that any Event of Default (other than a Specified Event of Default) occurs under the Financing Agreement or any other Loan Document, (ii) a breach of any Milestone or other covenant under Section 3 hereof, and (iii) October 13, 2023 (such period, the “Waiver Period”). (b) Notwithstanding the terms of Sections 2(a), in the event that any Specified Event of Default has not been resolved in a manner acceptable to the Required Lenders on or before the expiration of the applicable Waiver Period, (i) the waiver provided in Section 2(a) shall terminate immediately, (ii) the Borrower shall not be permitted to exercise the Cure Right provided under Section 9.02 of the Financing Agreement with respect to the Section 7.03(a) Event of Default, and (iii) the applicable Specified Event of Default shall be deemed to have occurred and be continuing from as of the date originally set forth in the recitals hereto in respect of such Specified Event of Default for all purposes of the Financing Agreement and the other Loan Documents (including, for the avoidance of doubt, Sections 2.04(c) and 9.01(a) of the Financing Agreement). The Loan Parties further agree that, at all times during the Waiver Period, and notwithstanding anything to the contrary set forth in the Financing Agreement, the Loan Parties shall not consummate any “Permitted Acquisition” under the Financing Agreement or undertake

-5- any transaction or action that can only be undertaken in the absence of a Default or Event of Default, in each case other than (x) transactions permitted under Sections 7.02(c) and 7.02(h) of the Financing Agreement to the extent solely between or among Loan Parties, and (y) other transactions or actions taken with the prior written consent of the Administrative Agent. (c) The foregoing waiver is a limited and temporary waiver and (i) shall not constitute nor be deemed to constitute a waiver by any of the Agents or Lenders, except as otherwise expressly set forth herein, in each case, of (x) any Default or Event of Default which has occurred or exists under the Financing Agreement or hereafter may occur under the Financing Agreement (other than the Specified Events of Default) or (y) any term or condition of the Financing Agreement and the other Loan Documents, (ii) shall not constitute nor be deemed to constitute a consent by the Agents or any Lender to anything other than the specific purpose set forth herein, (iii) shall not establish a custom or course of dealing among the Borrower, any other Loan Party, the Agents, the Lenders or any of them and (iv) shall only be relied upon and used for the specific purpose set forth herein. Except as specifically set forth herein, the Agents and the Lenders hereby expressly reserve all of their rights and remedies under the Financing Agreement, the other Loan Documents (including, without limitation, this Waiver) and applicable law. (d) Each of Borrower and the other Loan Parties hereby (i) advise and represent to the Agents that, until repayment in full in cash of all Obligations (other than Contingent Indemnity Obligations) under the Financing Agreement and Loan Documents, they have determined not to make any payments to the Sellers under the Acquisition Agreement whether on account of certain alleged post-closing accounts receivable collections (the “A/R Payment”) or pursuant to that certain side letter agreement, dated as of March 9, 2022 (the “Side Letter”), between the Borrower and Converge Direct, LLC (the “Side Letter Payment” and, together with the A/R Payment, the “Proposed Payments”) during the Waiver Period and (ii) acknowledge and agree that the making of any Proposed Payments would constitute an additional Event of Default under the Financing Agreement and result in the termination of the Waiver Period pursuant to Section 2(a) hereof. (e) The parties hereto acknowledge and agree that, as provided in the October 3, 2022 reservation of rights letter to the Loan Parties, interest on the Loans is accruing as of October 3, 2022 at the Post-Default Rate, and which shall (other than, solely for the duration of the Waiver Period, the September 2023 P&I Payment) be paid on each interest payment date as required under Section 2.04(d) of the Financing Agreement. (f) Each Loan Party acknowledges and agrees that each of the Specified Events of Default constitutes (or, in the case of the Anticipated September 2023 Payment Defaults, upon and subject to the occurrence thereof shall constitute) an Event of Default that has occurred and is continuing as of the date hereof (in the case of the Section 5.03(g) Event of Default, without addressing whether the financial statements filed on June 6, 2022 constitute Acquired Business Audited Financials, or, in the case of the Anticipated September 2023 Payment Defaults, shall occur and continue during the Waiver Period), and except for the Specified Events of Defaults, no other Events of Default have occurred and are continuing as of the date hereof, and, except to the extent set forth in this Waiver for the duration of the Waiver Period, the occurrence of each Specified Event of Default: (i) relieves the Secured Parties from any obligation to extend any Loan or provide other financial accommodations under the Financing Agreement or other Loan Documents (including consenting to Borrower’s use of cash collateral), and (ii) permits the

[Signature Page to Second A&R Limited Waiver to Financing Agreement] IN WITNESS WHEREOF, the parties hereto have caused this Waiver to be executed by their respective officers thereunto duly authorized, as of the date first written above. Borrower: TROIKA MEDIA GROUP, INC., as the Borrower By: Name: Xxxxx XxXxxxxx Title: General Counsel Guarantors: TROIKA DESIGN GROUP, INC., as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel TROIKA PRODUCTION GROUP, LLC, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel TROIKA-MISSION HOLDINGS, INC., as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel TROIKA IO, INC., as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel DocuSign Envelope ID: EECE2A12-0D0B-42B2-A9C0-71E9DF06F606

[Signature Page to Second A&R Limited Waiver to Financing Agreement] MISSION CULTURE LLC, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel MISSION MEDIA USA, INC., as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel TROIKA SERVICES, INC., as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel TROIKA MISSION WORLDWIDE, INC., as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel CONVERGE DIRECT, LLC, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel CONVERGE DIRECT INTERACTIVE, LLC, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel DocuSign Envelope ID: EECE2A12-0D0B-42B2-A9C0-71E9DF06F606

[Signature Page to Second A&R Limited Waiver to Financing Agreement] CONVERGE MARKETING SERVICES, LLC, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel LACUNA VENTURES, LLC, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel CD ACQUISITION CORP, as a Guarantor By: Name: Xxxxx XxXxxxxx Title: General Counsel DocuSign Envelope ID: EECE2A12-0D0B-42B2-A9C0-71E9DF06F606

[Signature Page to Second A&R Limited Waiver to Financing Agreement] Collateral Agent and Administrative Agent: BLUE TORCH FINANCE, LLC By: Blue Torch Capital LP, its managing member By:_________________________________ Name: Xxxxx Xxxxx Title: CEO

[Signature Page to Second A&R Limited Waiver to Financing Agreement] Lenders: BTC HOLDINGS FUND II LLC, as a Lender By: Blue Torch Credit Opportunities Fund II LP, its sole member By: Blue Torch Credit Opportunities XX XX LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member BTC OFFSHORE HOLDINGS FUND II-B LLC, as a Lender By: Blue Torch Offshore Credit Opportunities Master Fund II, LP, its sole member By: Blue Torch Credit Opportunities XX XX LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member

[Signature Page to Second A&R Limited Waiver to Financing Agreement] BTC OFFSHORE HOLDINGS FUND II-C LLC, as a Lender By: Blue Torch Offshore Credit Opportunities Master Fund II, LP, its sole member By: Blue Torch Credit Opportunities XX XX LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member BTC HOLDINGS SBAF FUND LLC, as a Lender By: Blue Torch Credit Opportunities SBAF Fund LP, its sole member By: Blue Torch Credit Opportunities SBAF GP LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member

[Signature Page to Second A&R Limited Waiver to Financing Agreement] BTC HOLDINGS KRS FUND LLC, as a Lender By: Blue Torch Credit Opportunities KRS Fund LP, its sole member By: Blue Torch Credit Opportunities KRS GP LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member BTC HOLDINGS SC FUND LLC, as a Lender By: Blue Torch Credit Opportunities SC Master Fund LP, its sole member By: Blue Torch Credit Opportunities SC GP LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member

[Signature Page to Second A&R Limited Waiver to Financing Agreement] SWISS CAPITAL BTC OL PRIVATE DEBT OFFSHORE SP, as a Lender A segregated portfolio of Swiss Capital Private Debt (Offshore) Funds SPC By: Name: Xxxxx Xxxxx Title: Authorized Signatory of Blue Torch Capital LP in its capacity as investment manager to Swiss Capital BTC OL Private Debt Offshore SP SWISS CAPITAL BTC OL PRIVATE DEBT FUND L.P., as a Lender By: Name: Xxxxx Xxxxx Title: Authorized Signatory of Blue Torch Capital LP, as agent and attorney-in-fact for Swiss Capital BTC OL Private Debt Fund L.P.

[Signature Page to Second A&R Limited Waiver to Financing Agreement] BTC HOLDINGS KRS FUND LLC, as a Lender By: Blue Torch Credit Opportunities KRS Funding LP, its sole member By: Blue Torch Credit Opportunities KRS GP LLC, its general partner By: KPG BTC Management LLC, its sole member By: Name: Xxxxx Xxxxx Title: Managing Member SWISS CAPITAL BTC OL PRIVATE DEBT FUND L.P., as a Lender By: Name: Xxxxx Xxxxx, in his capacity as authorized signatory of Blue Torch Capital LP, as agent and attorney-in-fact for Swiss Capital BTC OL Private Debt Fund Title: Managing Member