NOTE 3 - RELATED PARTY TRANSACTIONS

The Company identifies and discloses transactions with related parties in accordance with ASC 850, Related Party Disclosures. The Company's related party transactions are primarily related to financing activities.

The Company’s condensed consolidated financial statements reflect transactions with certain beneficial owners (holding greater than 5% of the Company's common stock, par value $0.001 ("Common Stock")) of PCT and their affiliates, including Sylebra Capital Management (“Sylebra”), Pure Plastic LLC (“Pure Plastic”), Daniel Gibson and Longview Asset Management LLC (“Longview”), which is Pure Crown LLC's investment advisor and has sole beneficial ownership of the Common Stock previously reported by Pure Crown LLC. The Company was notified during the three months ended June 30, 2026 that Samlyn Capital, LLC (“Samlyn”) divested a portion of their holdings such that they are no longer considered to be a related party of the Company. The Company's condensed consolidated financial statements also reflect transactions with companies affiliated with PCT, including Glockner Family Venture Fund LP, Glockner Enterprises, and Glockner Oil (collectively, "Glockner"), as well as Milliken & Company ("Milliken").

PCT purchased $0.3 million and $0.4 million of certain chemicals used in its purification process from Milliken during the three months ended June 30, 2026 and 2025, respectively, and $0.3 million and $0.5 million during the six months ended June 30, 2026 and 2025, respectively.

PCT currently has a $200.0 million Revolving Credit Facility (as defined below) pursuant to a credit agreement with Sylebra, as described in Note 8 - Long-Term Debt and Bonds Payable. PCT is required to pay a commitment fee equal to 0.25% per annum based on the actual daily unused amount of the Revolving Credit Facility, payable quarterly. The Company incurred commitment fees to Sylebra on the unused borrowing capacity of $0.1 million during both of the three months ended June 30, 2026 and 2025, and $0.3 million during both of the six months ended June 30, 2026 and 2025. On June 10, 2026, the Company executed an amendment to the Revolving Credit Agreement to, among other things, (i) permit the Convertible Senior Notes Offering (as defined below and described in more detail in Note 8 - Long-Term Debt and Bonds Payable) and the 2026 Common Stock Offering (as defined below and described in more detail in Note 11 - Mezzanine Equity and Stockholders' Equity) and (ii) remove as secured obligations certain obligations in respect of the Company’s Series A Preferred Stock, par value $0.001 per share, Series C Warrants and Pre-Funded Warrants, in each case, owed by Sylebra Capital Management and/or its affiliates.

On June 10, 2026, the Company entered into privately negotiated note repurchase agreements with certain holders of its Green Convertible Notes (as defined below and in Note 8 - Long-Term Debt and Bonds Payable), and paid approximately $57.0 million (which included $1.2 million in accrued interest) to investment entities affiliated with Daniel Gibson and Sylebra to repurchase $50.0 million in aggregate principal amount at maturity of the Green Convertible Notes held by Daniel Gibson and Sylebra. These repurchases settled on June 15, 2026.