On January 12, 2024, the TETRA Technologies, Inc., as borrower, entered into that certain Credit Agreement with Silver Point Finance, LLC, as administrative agent, and the lenders party thereto. The Term Loan Credit Agreement provides an initial term loan on the date of closing in the principal amount of $190 million and the availability of delayed draw term loans, subject to the terms of the Term Loan Credit Agreement, up to an aggregate principal amount of $75 million. Proceeds from the Initial Term Loan are being used to repay in full indebtedness of the Company under its existing term loan credit agreement and for general corporate purposes.

Proceeds of any Delayed Draw Term Loans may be used for the construction of a bromine processing facility. The loans under the Term Loan Credit Agreement may be voluntarily prepaid, in whole or in part, subject to applicable prepayment premiums. Any prepayment of the Term Loan prior to the one-year anniversary of the closing date will have a premium of 3.0%, any prepayment of the Term Loan during the period commencing on the one-year anniversary of the closing date and ending immediately prior to the two-year anniversary of the closing date will have a premium of 2.0% and any prepayment of the Term Loan during the period commencing after the two-year anniversary of the closing date and ending immediately prior to the three-year anniversary of the closing date will have a premium of 1.0%. There is no prepayment premium required on or after the third anniversary of the closing date.

The maturity date of the Term Loans is January 12, 2030.