IRONNET, INC. TERMS FOR DIP FINANCINGTerms for Dip • January 31st, 2024 • IronNet, Inc. • Services-prepackaged software
This binding term sheet (the “Term Sheet”) sets forth the principal terms of a potential superpriority, senior secured debtor-in-possession credit facility (the “DIP Facility”, the credit agreement evidencing the DIP Facility, the “DIP Credit Agreement” and, together with the other definitive documents governing the DIP Facility and the DIP Order (as defined herein), collectively, the “DIP Documents,”) each of which shall be in form and substance acceptable to the DIP Facility Agent (as defined herein), the DIP Facility Lenders(as defined herein) and the Loan Parties, to be entered into with the Loan Parties (as defined herein) in the Loan Parties’ cases (the “Chapter 11 Cases”) to be commenced under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The DIP Facility, and the adequate protection provided therein to the beneficiaries of pre-petition liens and security inter
