Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 423

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 423
---
ism Law.

7.13Limitation on Issuance of Capital Stock. No Guarantor may issue any Capital Stock of such Guarantor (including by way of sales of treasury stock or the issuance of any debt security that is convertible into, or exchangeable for, Capital Stock of such Guarantor) to any Person other than (i) to Issuer or any other Guarantor, (ii) in connection with the transfer of all of the Capital Stock of such Guarantor otherwise permitted under this Agreement, or (iii) the issuance of director’s qualifying shares or other nominal shares required by law to be held by a Person other than Issuer or a Guarantor.

7.14Financial Covenant.From and after March 31, 2025, permit, at any time, Unrestricted Cash to be less than Seven Million Five Hundred Thousand Dollars ($7,500,000).

8.EVENTS OF DEFAULT

Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement:

8.1Payment Default. Issuer or, in respect of paragraph (b), any of its Subsidiaries, fails to (a) make any payment of principal or interest on the Notes on its due date, (b) pay any other Obligation within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day grace period shall not apply to payments due on the Maturity Date or the date of acceleration pursuant toSection 9.1(a)hereof), or (c) comply with its obligation to convert a Note in accordance withSection 2upon the exercise of the conversion right with respect thereto.

<div align='center'>79</div>

8.2Covenant Default.

(a)Issuer or any of its Subsidiaries fails or neglects to perform any obligation inSections 6.2(Financial Statements, Reports, Certificates),6.4(Taxes; Pensions),6.5(Insurance),6.6(Operating Accounts),6.7(Protection of Intellectual Property Rights),6.9(Landlord Waivers; Bailee Waivers),6.10(Creation/Acquisition of Subsidiaries); 6.12 (Title Ownership of Operating Company), 6.15 (ASX Letter) or 6.16 (Amendment No. 3 Post-Closing Covenant) or Issuer violates any provision inSection 7; or

(b)Issuer, or any of its Sub