Graf Global Corp.

Convertible Promissory Note

On August 10, 2026, the Company entered into a convertible promissory note with Harraden and James Graf (the “August Convertible Promissory Note”), pursuant to which the Company may borrow up to $300,000 (the “August Loan”) from Harraden for working capital and general corporate purposes. The August Loan may, at Harraden’s discretion, be converted into Conversion Shares. In addition, pursuant to the August Convertible Promissory Note, for each dollar funded under the August Loan as of immediately prior to the closing of the Company’s initial business combination, Harraden is entitled to receive (i) one Issuance Warrant and (ii) the transfer of one ordinary share held by the Sponsor (the “Transferred Shares”). The terms of the Issuance Warrants will be identical to those of the Private Placement Warrants, including the transfer restrictions applicable to such Private Placement Warrants, however the Transferred Shares will not be subject to transfer restrictions.

The August Loan is non-interest bearing, unsecured and is due at the earlier of the consummation of the Company’s initial business combination or the liquidation of the Company. If the Company liquidates, the August Loan will be repaid only from funds held outside of the Trust Account. The maturity date of the August Loan may be accelerated upon the occurrence of an Event of Default (as defined under the August Convertible Promissory Note).

In lieu of issuing the Conversion Shares, Issuance Warrants, and/or Transferred Shares, the Sponsor may re-allocate securities among members of the Sponsor and Graf Global Management LLC to satisfy the Company’s obligations under the August Convertible Promissory Note. The Company also agreed to register the resale of the Conversion Shares, Issuance Warrants, Transferred Shares, and the Class A Ordinary Shares underlying the Issuance Warrants.

10b5-1 Trading Arrangements.

During the quarter ended June 30, 2026, none of our directors or officers adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.