Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 203

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 203
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 shall mean the post-petition superiority financing in an amount to be determined prior to signing of the RSA with BEP’s and Ascend’s consent, to be provided by BEP and Ascend (collectively, the “DIP Lenders”) in connection with the Chapter 11 Cases and pursuant a certain debtor‑in‑possession credit agreement and other definitive documents, as necessary, subject to negotiation and agreement by FEAM and the DIP Lenders. |
| Treatment of Existing Equity Interests | All existing equity interests of FEAM shall be extinguished upon the effective date of the Pre-Packaged Chapter 11 Plan.                                                                                                                                                                                                                                                                                                                             |
| DIP Facility and Conversion:           | Upon the effective date of the Pre-Packaged Chapter 11 Plan, BEP and Ascend shall each receive their respective pro rata share of 100% of the new common stock of reorganized FEAM issued on account of (i) the Secured Debt Facility Claims and (ii) the outstanding DIP Facility indebtedness on and as of the Effective Date.                                                                                                                     |
| Treatment of All Other Claims:         | It is anticipated that all other claims, excluding those arising out of the Secured Debt Facility and the DIP Facility, shall be unimpaired and “ride through” the Chapter 11 Cases, subject to further diligence.                                                                                                                                                                                                                                   |
| Petition Date:                         | The Chapter 11 Cases shall be filed in in the Bankruptcy Court within 4 business days of a negative shareholder vote on the Out‑of‑Court Restructuring                                                                                                                                                                                                                                                                                               |
| Releases:                              | Pursuant to Pre-Packaged Chapter 11 Plan, all Parties to provide mutual releases upon the effective date of the Pre-Packaged Chapter 11 Plan.                                                                                                                                                                                                                                                                                                        |

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<div align='center'>Term Sheet

Illustrative Example</div>

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<div align='center'>EXHIBIT C

Subscription Agreement

SECURITIES SUBSCRIPTION AGREEMENT</div>

THIS SECURITIES SUBSCRIPTION AGREEMENT(this “Agreement”) dated as of January 14, 2025, is made by and among Ascend Global Investment Fund SPC, a segregated portfolio company incorporated under the laws of the Cayman Islands, for and on behalf of Strategic SP (“Ascend”), Meridian Investments Corporation, a Cayman Islands corporation, BEP Special Situations IV LLC, a Delaware limited liability company (“BEP,” and together with Ascend, the