Carter Glatt - 05 Dec 2024 Form 4 Insider Report for Global Gas Corp (HGAS)

Footnote F1

Each of these promissory notes ("Notes") were first issued to the respective Reporting Person by the Issuer on June 21, 2023 in the form of unsecured promissory notes that were not convertible into Class A Common Stock. On December 5, 2024, the Issuer and the holder of each respective Note amended and restated each such applicable Note to: (i) fix the principal amount of each Note at the amount outstanding as of September 30, 2024; (ii) establish a maturity date of March 31, 2025; (iii) add interest of 5% per annum on the unpaid principal balance of each Note, payable in kind; and (iv) include a conversion feature whereby the holder may elect to convert the principal and accrued interest of such Note into Class A Common Stock of the Issuer at $0.15 per share. Accordingly, the number of shares of Class A Common Stock into which each Note can be converted is subject to change as interest accrues on the Note.

Footnote F2

These securities are held directly by Dune Acquisition Holdings LLC. Mr. Glatt is the manager of Dune Acquisition Holdings LLC and has voting and investment discretion with respect to the securities held of record by Dune Acquisition Holdings LLC. Mr. Glatt disclaims any beneficial ownership of the securities held by Dune Acquisition Holdings LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.