On March 5, 2024, Atlas Energy Solutions Inc. consummated the previously announced transaction pursuant to that certain Agreement and Plan of Merger, dated February 26, 2024, by and among the Company, Atlas Sand Company, LLC, a Delaware limited liability company (Purchaser), Wyatt Merger Sub 1 Inc., a Delaware corporation and direct, wholly-owned Subsidiary of Purchaser, Wyatt Merger Sub 2, LLC, a Delaware limited liability company and direct, wholly-owned Subsidiary of Purchaser, Hi-Crush Inc., a Delaware corporation (Hi-Crush), each stockholder that has executed the Merger Agreement. As previously disclosed, on February 26, 2024, Purchaser and certain other subsidiaries of the Company entered into that certain First Amendment to Loan, Security and Guaranty Agreement (the ABL Amendment"), among Purchaser, the subsidiary guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent (the ABL Agent"). The ABL Amendment amends that certain Loan, Security and Guaranty Agreement dated as of February 22, 2023 (the ABL Credit Agreement"), among Purchaser, the subsidiary guarantors party thereto from time to time, the lenders party thereto from time to time and the ABL Agent.

Among other things, the ABL Amendment (a) increased the revolving credit commitment amount under the ABL Credit Agreement from $75 million to $125 million and extended the maturity date of the ABL Credit Agreement from February 22, 2028 to February 26, 2029 and (b) modified certain other terms of the ABL Credit Agreement. As previously disclosed, on February 26, 2024, the Company, Purchaser and certain other subsidiaries of the Company entered into that certain First Amendment to Credit Agreement (the Term Loan Amendment"), among Company, Purchaser, the lenders party thereto and Stonebriar Commercial Finance, LLC, a Delaware limited liability company, as administrative agent (the Term Agent"). The Term Loan Amendment amends that certain Credit Agreement dated as of July 31, 2023 (the Term Loan Credit Agreement"), among Purchaser, the lenders party thereto from time to time and the Term Agent.

Among other things, the Term Loan Amendment (a) provided an incremental delayed draw term loan facility in the aggregate principle amount of up to $150 million at an interest rate of 10.86% and (b) modified certain other terms of the Term Loan Credit Agreement.