Company: FEAV
Filing Date: 2025-01-14
Form Type: DEFA14A
Source: 0000950170-25-005374
Chunk: 3

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-14
Form: DEFA14A
Chunk 3
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 Agreement, the Subscription Agreement, the form of Warrant and the IRRA do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which are filed with this Current Report on Form 8-K as Exhibits 10.1-10.5 and are incorporated herein by reference.

Additional Notes

On January 14, 2025, in connection with the Transaction, the Company also entered into Amendment No. 4 to the Note Purchase Agreement (“Amendment No. 4”). Pursuant to the Note Purchase Agreement, the Company previously issued $60.0 million aggregate principal amount of convertible promissory notes in August 2022 (the “August 2022 Notes”), $6.0 million aggregate principal amount of convertible promissory notes in June 2024 (the “June 2024 Notes”) and $6.0 million aggregate principal amount of convertible promissory notes in September 2024 (the “September 2024 Notes” and, collectively with the August 2022 Notes and the June 2024 Notes, the “Existing Notes”).

On January 14, 2025, pursuant to Amendment No. 4, the Company (i) issued and sold $5.0 million aggregate principal amount of convertible notes (the “January 2025 Notes” and, collectively with the Existing Notes, the “Notes”) to Bluescape, Ascend and Meridian

(collectively, “Purchasers”), comprised of $2.5 million of January 2025 Notes to Bluescape and $1.25 million of January 2025 Notes to each of Ascend and Meridian and (ii) amended and restated the Note Purchase Agreement in the form attached as Annex A to Amendment No. 4 (the “Amended and Restated Note Purchase Agreement”).

The January 2025 Notes, which were issued in substantially the same form as the Existing Notes, bear interest at a rate of 4.50% per annum, payable semi-annually beginning on February 15, 2025, or 10.00% per annum if the Company elects to pay such interest in kind through the delivery of additional Notes, and are initially convertible into an aggregate of 17,124,688 shares of the Company’s Common Stock at a conversion rate of 3,424.9375 shares of Common Stock per $1,000 principal amount of Notes (the “Conversion Rate”), representing a conversion