Company: FEAV
Filing Date: 2025-02-03
Form Type: DEF 14A
Source: 0000950170-25-012391
Chunk: 542

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-02-03
Form: DEF 14A
Chunk 542
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, the undersigned have caused this Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Existing Noteholders:

BEP SPECIAL SITUATIONS IV LLC

| By:    | /s/ Jonathan Siegler                          |
| Name:  | Jonathan Siegler                              |
| Title: | Managing Director and Chief Financial Officer |

ASCEND GLOBAL INVESTMENT FUND SPC

| By:    | /s/ Mulyadi Tjandra |
| Name:  | Mulyadi Tjandra     |
| Title: | Director            |

MERIDIAN INVESTMENTS CORPORATION

| By:    | /s/ Mulyadi Tjandra |
| Name:  | Mulyadi Tjandra     |
| Title: | Director            |

<div align='center'>Signature Page

Exchange Agreement

Schedule I

Existing Noteholder Allocation</div>

| Existing Noteholder                | Convertible Note 
        Exchanged 
    Common Shares |
| BEP SPECIAL SITUATIONS IV LLV      |      156,245,038 |
| ASCEND GLOBAL INVESTMENT FUND SPC. |       78,122,519 |
| MERIDIAN INVESTMENTS CORPORATION   |       78,122,519 |
| Total:                             |      312,490,076 |

<div align='center'>Schedule I

Exhibit A

Form of Payoff Letter

[See Attached.]

Exhibit A</div>

Exhibit A - Form for Payoff Letter

<div align='center'>[_______], 2025</div>

5E Advanced Materials, Inc.

9329 Mariposa Road, Suite 210
Hesperia, CA 92344
Attention: Paul Weibel, Chief Executive Officer
E-mail address: pweibel@5eadvancedmaterials.com

Re: Termination of A&R NPA

Ladies and Gentlemen:

Reference is made to that certain Amended and Restated Note Purchase Agreement, dated as of January 18, 2024 (as amended, modified, extended, restated, replaced, or supplemented prior to the date hereof, the “Existing NPA”), among 5E Advanced Materials, Inc., aDelaware corporation (the “Company”),the noteholders from time to time party thereto (the “Existing Noteholders”), the Guarantors from time to time party thereto, and Alter Domus (US) LLC, as collateral agent (the “Existing