Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 201

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 201
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E Advanced Materials, Inc.

5E Boron Americas, LLC

American Pacific Borates Pty Ltd.

<div align='center'>EXHIBIT BRestructuring Term Sheet

Term Sheet

Summary</div>

The term sheet (this “Term Sheet”) sets forth a summary of the principal terms that 5E Advanced Materials, Inc. (“FEAM”) and its direct and indirect subsidiaries and affiliates (together with FEAM, the “Company”), BEP Special Situations IV LLC (“BEP”), Meridian Investments Corporation (“Meridian”), and Ascend Global Investment Fund SPC (together with Meridian, “Ascend,” and together with BEP and FEAM, the “Parties”) would consider in connection with a proposed transaction in respect of a capital injection, and an equitization of the current Secured Debt Facility (as defined below).

THIS TERM SHEET IS NOT AN OFFER OR A SOLICITATION WITH RESPECT TO ANY SECURITIES OR DEBT OF THE COMPANY. ANY SUCH OFFER OR SOLICITATION SHALL COMPLY WITH ALL APPLICABLE SECURITIES LAWS.

THIS TERM SHEET IS PROVIDED INconfidence and may be distributed only with the express written consent ofTHE COMPANY, BEP, AND ASCEND. ThIS Term Sheet is provided in the nature of a settlement proposal in furtherance of settlement discussions. Accordingly, thIS Term Sheet is entitled to the protections of Rule 408 of the Federal Rules of Evidence and any other applicable statutes or doctrines protecting the use or disclosure of confidential information and information exchanged in the context of settlement discussions. Further, nothing in thIS Term Sheet shall be an admission of fact or liability or deemed binding on THE COMPANY, BEP, ASCEND OR ANY OF THEIR RESPECTIVE AFFILIATES.

This term sheet is subject to ongoing review by BEP, the company, ASCEND, and EACH OF their respective professionals, is subject to material change and is being distributed for discussion purposes only. moreover, the treatment set forth in this term sheet remains subject to ongoing discussion among the parties covered hereby.

<div align='center'>Strategic Intent</div>

The outstanding indebtedness of, and equity interests in, the Company will be restructured (the “Restructuring”) through either (i) an out-of-court transaction (the “Out of Court Restructuring”) consistent with the terms and conditions described in this Term Sheet or, to the extent the conditions precedent to consummating the Out of Court Restructuring cannot be timely