On January 25, 2022, Wolfspeed, Inc. entered into a Seventh Amendment to its Credit Agreement, dated as of January 9, 2015, with Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto, as amended by the First Amendment dated as of September 10, 2015, the Consent dated as of July 13, 2016, the Second Amendment dated as of November 13, 2017, the Third Amendment dated as of August 21, 2018, the Consent dated as of March 14, 2019, the Fourth Amendment dated as of December 16, 2019, the Fifth Amendment dated as of March 27, 2020, and the Sixth Amendment dated as of October 26, 2021 (the “Original Credit Agreement”). The Seventh Amendment extends the maturity date of the credit facility by three years from January 9, 2023 to January 9, 2026. The Seventh Amendment also replaces a LIBOR-based Eurocurrency benchmark rate with a Term SOFR benchmark rate and increases the applicable margin by 10 basis points.

The Seventh Amendment made no other material changes to the terms of the Credit Agreement.