Amendment No. 2 to Management Services Agreement, dated as of October 25, 2023, between Steel Services Ltd. and Steel Connect, Inc

This AMENDMENT NO. 2 TO MANAGEMENT SERVICES AGREEMENT (this “Amendment”), dated as of October 25, 2023 and effective as of January 1, 2024 (the “Effective Date”), and is between Steel Services Ltd. (“Steel Services”), a Delaware corporation, having an office at 590 Madison Avenue, 32nd Floor, New York, New York 10022 and Steel Connect, Inc., a Delaware corporation (the “Company”), having an office at 590 Madison Avenue, New York, New York 10022.

WHEREAS, the Company and Steel Services have previously entered into that certain Management Services Agreement, dated as of June 1, 2019 (the “Management Services Agreement”), pursuant to which Steel Services agreed to furnish certain services to the Company, as set forth on Exhibit A attached thereto, as it may be amended from time to time pursuant to the terms thereof (the “Services”), and Steel Services agreed to furnish the Services, pursuant to the terms and conditions set forth therein;

WHEREAS, the Company and Steel Services previously amended the Management Services Agreement on October 27, 2022, effective as of February 25, 2022;

WHEREAS, the Company and the Steel Services desire to amend the Management Services Agreement to update the services and the applicable fees for the Services provided by Steel Services (the “Fee Amount”), attributable primarily to increased M&A staffing; and

WHEREAS, capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Management Services Agreement.

NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

1.Amendment to the Management Services Agreement. As of the Effective Date:

(a) The Fee Amount set forth in Exhibit A of the Management Services Agreement is hereby amended to reflect the Fee Amount set forth in Exhibit I attached hereto.

2.Date of Effectiveness. This Amendment is effective as of January 1, 2024.

3. Continuing Effect. Except as expressly modified and amended herein, all of the terms and conditions of the Management Services Agreement shall remain in full force and effect and are hereby ratified and confirmed by the parties. Without limiting the generality of the foregoing, the amendments contained herein will not be construed as an amendment to or waiver of any other provision of the Management Services Agreement or as a waiver of or consent to any further or future action on the part of any party that would require the waiver or consent of another party. On and after the Effective Date, each reference in the Management Services Agreement to “this Agreement,” “the Agreement,” “hereunder,” “hereof,” “herein” or words of like import, and each reference to the Management Services Agreement in any other agreements, documents or instruments executed and delivered pursuant to, or in connection with, the Management Services Agreement, will mean and be a reference to the Management Services Agreement as amended by this Amendment.

4. Representations and Warranties. Steel Services hereby represents and warrants to the Company that all representations and warranties made in Section 4 of the Management Services Agreement remain true and correct as of the date hereof, and, to the extent they originally applied to the Management Services Agreement, apply to both this Amendment and the Management Services Agreement as amended by the Amendment.

5. Counterparts; Choice of Law. This Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument. This Amendment shall be construed under the laws of the State of New York and the parties hereby submit to the personal jurisdiction of any federal or state court located therein, and agree that jurisdiction shall rest exclusively therein, without giving effect to the principles of conflict of laws.

6. Further Assurances. Each of the parties hereto shall execute and deliver, at the reasonable request of the other party hereto, such additional documents, instruments, conveyances and assurances and take such further

actions as such other party may reasonably request to carry out the provisions hereof and give effect to the transactions contemplated by this Amendment.