Company: FEAV
Filing Date: 2025-01-24
Form Type: PRE 14A
Source: 0000950170-25-008828
Chunk: 460

Company: 5E Advanced Materials, Inc.
Filing Date: 2025-01-24
Form: PRE 14A
Chunk 460
---
00 of its June 2024 Notes to Meridian.

On September 16, 2024 (the “September 2024 Closing Date”), the Company, BEP, Ascend and Meridian closed the transactions contemplated by an amendment to the A&R NPA (as amended as of the September 2024 Closing Date, the “Second A&R NPA”) pursuant to which, among other things, (a) BEP purchased from the Company an additional $3,000,000.00 in aggregate principal amount of new secured promissory notes of the Company, (b) Ascend purchased from the Company an additional $1,500,000.00 in aggregate principal amount of new secured promissory notes of the Company, and (c) Meridian purchased from the Company an additional $1,500,000.00 in aggregate principal amount of new secured promissory notes of the Company (the $6,000,000.00 in additional notes, the “September 2024 Notes”).

On January 14, 2025 (the “January 2025 Closing Date”), the Company, BEP, Ascend and Meridian closed the transactions contemplated by an amendment to the Second A&R NPA pursuant to which, among other things, (a) BEP purchased from the Company an additional $2,500,000.00 in aggregate principal amount of new secured promissory notes of the Company, (b) Ascend purchased from the Company an additional $1,250,000.00 in aggregate principal amount of new secured promissory notes of the Company and (c) Meridian purchased from the Company an additional $1,250,000.00 in aggregate principal amount of new secured promissory notes of the Company (the $5,000,000.00 in additional notes, collectively with the A&R Notes, the June 2024 Notes and the September 2024 Notes, the “Notes”).

Following approval by the Company’s stockholders, the Company, BEP, Ascend and Meridian will close the restructuring of the Notes (the date of the closing, the “Closing Date”) to provide for the exchange of all outstanding Notes into shares of Common Stock of the Company pursuant to that certain Restructuring Support Agreement, dated January 14, 2025, and the Company shall issue certain shares (the “2025 Purchased Shares” and, collectively with

<div align='center'>1</div>

|

the January 2024 Purch