IRRX Integrated Rail and Resources Acquisition Corp

On April 13, 2023, Integrated Rail and Resources Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Promissory Note”) to DHIP Natural Resources Investments, LLC, a Delaware limited liability company (the “Sponsor”), pursuant to which the Company is entitled to borrow up to an aggregate principal amount of $4,153,224 from the Sponsor in order to fund costs related to the extension of the date by which the Company must consummate an initial business combination (the “Business Combination”) pursuant to the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”) (including without limitation the Payee’s April 14, 2023 and March 13, 2023 deposits, on behalf of the Maker as a loan, each in the amount of $692,204 into the trust account maintained by American Stock Transfer & Trust Company LLC (the “Trustee”) under the Trust Agreement, dated as of November 11, 2021, as amended on February 8, 2023, by and between the Company and Trustee (the “Trust Agreement”)). All unpaid principal under the Promissory Note will be due and payable in full on the earlier of (i) August 15, 2023 (or such later extension date permitted by the Certificate of Incorporation in the event the stockholders of the Company approve a further amendment to the Certificate of Incorporation to extend the period to consummate the Business Combination) (the “Maturity Date”) and (ii) the date on which the Company consummates the Business Combination.