X0508 4 2025-07-31 0001425355 Mill City Ventures III, Ltd MCVT 0001394819 POLINSKY DOUGLAS MICHAEL 1907 WAYZATA BOULEVARD, SUITE 205 WAYZATA MN 55391 true true Chief Executive Officer false Common Stock Purchase Warrant 5.42 2025-07-31 4 A false 311347 5.42 A 2030-07-31 Common Stock 311347 311347 D Common Stock Purchase Warrant 6.504 2025-07-31 4 A false 207565 6.504 A 2030-07-31 Common Stock 207565 207565 D Common Stock Purchase Warrant 7.046 2025-07-31 4 A false 103782 7.046 A 2030-07-31 Common Stock 103782 103782 D The warrants are exercisable for a period of five years. The warrants will vest over a period of 24 months starting six months from the issue date in four equal instalments (being 25% every six months), subject to Mr. Polinsky being employed by Mill City Ventures III, LP at each respective vesting date. Notwithstanding the foregoing, in the event that Mr. Polinsky is terminated other than for cause or resigns for good reason (as defined in the individual's employment agreement), the vesting of all of such warrants will immediately accelerate and be fully vested as of the date of such termination. Douglas Polinsky 2025-08-04