In concert with the Financing, COPL has the full support of its existing Senior Credit Facility Lender who has agreed to: (i) continue to waive the application of financial ratios, (ii) restructure 100% of the WTI hedges from Sep23 to Jan24, freeing up c. $5.0 million of near-term cash flow, and (iii) allow the reallocation of significant COPL expenses to the COPL America Inc. operating entity.