{"url_path":"/sec/elwt/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 OTHER INFORMATION**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2063863/0001104659-26-061490-index.html","accession_number":"0001104659-26-061490","cik":"0002063863","ticker":"ELWT","issuer_name":"Elauwit Connection, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2063863/0001104659-26-061490-index.html","primary_entity_key":"0002063863","primary_entity_name":"Elauwit Connection, Inc."},"word_count":461,"has_tables":true,"body_markdown":"**ITEM 5. OTHER INFORMATION**\n\n​\n\nOn May 14, 2026, the Company entered into the $2.0 million May 2026 Term Loan with Endurance Opportunities, an existing related party lender controlled by certain officers and directors of the Company. The May 2026 Term Loan is payable in four equal consecutive quarterly installments of $500 thousand beginning with the quarter ending on June 30, 2026. In connection with the May 2026 Term Loan, the Company issued the May 2026 Note in favor of Endurance Opportunities with a principal amount of $500 thousand and agreed to issue three additional commercial promissory notes in favor of Endurance Opportunities, each with a principal amount of $500 thousand, upon receipt of each quarterly installment of $500 thousand from Endurance Opportunities. The May 2026 Term Loan and May 2026 Note include customary representations and warranties, covenants and agreements of the Company and Endurance Opportunities. The May 2026 Term Loan also provides for indemnification of Endurance Opportunities, its directors, officers and employees, from and against any and all liability, expense, or damage of any kind or nature and from any suits, claims or demands, including reasonable legal fees and expenses, arising out of the May 2026 Term Loan, except on account of the gross negligence or willful misconduct of Endurance Opportunities.\n\n​\n\nThe May 2026 Note has a term of 36 months and bears interest at 15.5% per annum on the outstanding principal balance. Monthly payments of interest are required under the May 2026 Note with the outstanding principal amount of the May 2026 Note due on the maturity date. The Company intends to use the proceeds for general working capital and continued network deployment activities. The Company can, at any time, prepay the May 2026 Note in full or in part without penalty or premium. Under the May 2026 Note, if the Company fails to make any payments when due, including the payment due at maturity, the Company will pay a late fee of 10% of the monthly payment amount or outstanding balance at maturity. Upon the occurrence of an Event of Default (as defined in the May 2026 Note), the outstanding principal balance will accrue interest at a rate equal to the greater of 25.5% per annum or the maximum amount of interest permitted by applicable law, and Endurance Opportunities can declare the outstanding principal balance at the time of default, together with all accrued and unpaid interest at the default rate, and all other sums owed thereunder, immediately due and payable in full. Repayment of the May 2026 Note is secured by the Company’s accounts receivable. Each subsequent commercial promissory note issued in accordance with the May 2026 Term Loan will have the same terms and conditions as the May 2026 Note.\n\n​\n\n37\n\n[Table of Contents](#TOC)"}