ALTA EQUIPMENT GROUP INC

NOTE 4 — RELATED PARTY TRANSACTIONS

Our Chief Executive Officer ("CEO"), Chief Financial Officer and Chief Operating Officer collectively own an indirect, non-controlling minority interest in OneH2, Inc. (“OneH2”), which they each acquired through various transactions that took place in early 2018 and prior. Our CEO is on the Board of Directors of OneH2. OneH2 is a privately held company that produces and delivers hydrogen fuel to end users and manufactures modular hydrogen plants and related equipment. During the three months ended March 31, 2024 and 2023, the Company purchased $0.6 million and $0.2 million of hydrogen fuel from OneH2, respectively. During the three months ended March 31, 2023, the Company paid OneH2 $1.1 million as part of the Company's investment to build and commercialize a hydrogen production plant for the Company which we expect to become operational in 2024. The Company didnot make any additional payments in connection with our hydrogen production plant investment during thethree months ended March 31, 2024.