Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 364

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 364
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 Tax) Act 1999.

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:

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(1) the sum of the products obtained by multiplying (a) the amount of each then-remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of such Indebtedness, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by

(2) the then-outstanding principal amount of such Indebtedness.

2.NOTES AND TERMS OF PAYMENT

2.1[Reserved]

2.2Issuance of Notes.

(a)Purchase and Sale of Notes.

(i)On August 26, 2022 (the “Closing Date”), the Issuer issued and sold to Bluescape, and Bluescape purchased and acquired from the Issuer, for a purchase price of Sixty Million Dollars ($60,000,000.00) (the “Initial Notes Purchase Price”) Secured Promissory Notes (each a “Note” and, collectively, the “Initial Notes”) in an aggregate principal amount of Sixty Million Dollars ($60,000,000.00).

(ii)As of the date of this Agreement, Bluescape is the holder of $63,561,300.00 in aggregate principal amount of Notes (the “BEP Notes”). Subject to the terms and conditions of this Agreement and the Restructuring Support Agreement, Bluescape sold and transferred to each of Ascend and Meridian, and each of Ascend and Meridian purchased from Bluescape BEP Notes in an aggregate principal amount of $15,890,325.00, plus any accrued and unpaid interest through and including, the Restatement Date, for a total of $31,780,650.00 aggregate principal amount of Notes so transferred. On the Restatement Date, Issuer issued to each Purchaser as of the Restatement Date, Notes in the form attached asExhibit Ehereto in the respective amounts for each such Purchaser set forth onSchedule 2.2hereto.Schedule 2.2hereto sets forth, with respect to each Purchaser, the aggregate principal amount of Notes held by each Purchaser on the Restatement Date.

(iii)On the Amendment No. 2 Effective Date,