On June 30, 2022, EVO Transportation & Energy Services, Inc. (the “Company”) and certain subsidiary guarantors of the Company entered into a Second Loan Extension Agreement (the ‘Second Extension Agreement') with Antara Capital Master Fund LP (‘Antara') and each of Thomas J. Abood, the Company's chief executive officer, Damon R. Cuzick, the Company's chief operating officer, Bridgewest Growth Fund LLC, an entity affiliated with Billy (Trey) Peck Jr., the Company's executive vice president - business development, and Batuta Capital Advisors LLC (‘Batuta' and together with Mr. Abood, Mr. Cuzick, and Bridgewest Growth Fund LLC, the ‘Executive Lenders'), an entity affiliated with Alexandre Zyngier, a member of the Company's board of directors. Pursuant to the Second Extension Agreement, (i) the maturity date of the loan from Antara to the Company pursuant to the Senior Secured Loan and Executive Loan Agreement dated March 11, 2022 (the ‘Bridge Loan Agreement'), was extended from June 30, 2022 to July 8, 2022; and (ii) the maturity date of the loans from the Executive Lenders to the Company pursuant to the Bridge Loan Agreement was extended from July 7, 2022 to July 15, 2022. On July 8, 2022, the Company and certain subsidiary guarantors of the Company entered into a Third Loan Extension Agreement (the ‘Third Extension Agreement') with Antara and the Executive Lenders.

Pursuant to the Third Extension Agreement, (i) the maturity date of the loan from Antara to the Company pursuant to the Bridge Loan Agreement was extended from July 8, 2022 to July 15, 2022; and (ii) the maturity date of the loans from the Executive Lenders to the Company pursuant to the Bridge Loan Agreement was extended from July 15, 2022 to July 22, 2022. The Third Extension Agreement also required the Company to file, on or before July 13, 2022, a Certificate of Designation to evidence the issuance of a new series of Series D Non-Participating Preferred Stock, $0.0001 par value (the “Series D Preferred Stock”) that will, upon issuance, entitle Antara (in its capacity as sole holder of the Series D Preferred Stock) to vote such number of votes per share that will allow Antara to exercise 51% of the voting capital stock of the Company.