On June 28, 2024, Tellurian Production LLC (?Tellurian Production Company?) and Tellurian Operating LLC (together with Tellurian Production Company, ?Seller?), each an indirect wholly owned subsidiary of Tellurian Inc. (?Tellurian? or the ?Company?), closed the transactions contemplated by the previously announced purchase and sale agreement (the ?Upstream PSA?) with Aethon United BR LP, a Delaware limited partnership (?AU BR?), and Aethon III BR LLC, a Delaware limited liability company (together with AU BR, ?Buyer?), pursuant to which Seller sold its upstream and related midstream assets in the Louisiana region of the Haynesville Shale to Buyer for an aggregate purchase price of $260.0 million, subject to certain customary adjustments set forth in the Upstream PSA (the ?Asset Sale?). In accordance with the terms of the indenture governing the terms of the Company?s 10.00% Senior Secured Notes due 2025 (the ?Senior Notes?), on June 28, 2024, approximately $240.0 million of the net cash proceeds from the Asset Sale were used to fully retire and discharge all of the Company?s then-outstanding obligations under the Senior Notes, comprised of approximately $229.9 million in aggregate principal amount, approximately $5.6 million in accrued interest, and approximately $4.5 million in stock shortfall amount.