Montauk Renewables ups loan from subsidiary to $10.69M in fifth amendment

Montauk Renewables, Inc.

Loan principal increased from $10.04M to $10.69M; interest rate remains 0.4% per annum.
Maturity extended through December 31, 2033; interest may be paid in cash or PIK.
Secured by 976,623 shares of Montauk Renewables common stock owned by borrower Montauk Holdings.
Amendment amends and restates prior $10.04M note; no novation of existing obligations.
Borrower must use 100% of net proceeds from any share sale to prepay loan.

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