Mammoth Energy cuts revolver to $50M; appoints Bernard Lancaster COO

MAMMOTH ENERGY SERVICES, INC.

Revolving loan commitments reduced from $75M to $50M effective July 2, 2025.
New COO Bernard Lancaster base salary $300K/year plus annual discretionary bonus.
Company must keep at least $50M cash at Fifth Third Bank; else availability deemed $0.
Consent granted for securities accounts at Stifel without control agreement.
Borrower reaffirms no event of default under credit agreement as of date.

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