Montauk amends employment and IP repurchase agreements with two executives

Montauk Renewables, Inc.

Terminated Carroll's and Redeker's rights to repurchase certain IP transferred to Montauk Ag.
Restricted stock awards (up to 625,000 shares each, $6.25M) converted to time-based vesting only: 20% yr3, 20% yr4, 60% yr5.
Employment agreements amended to allow termination without cause; cause-based forfeiture removed.
Amendments to May 2021 MIAPA, Redeker EA, and Carroll EA executed on May 26, 2022.

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