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. The Company didnot purchase hydrogen fuel from OneH2 during thethree months ended September 30, 2024 and purchased $1.2 million of hydrogen fuel from OneH2 during nine months ended September 30, 2024. During the three and nine months ended September 30, 2023, the Company purchased $0.1 million and $0.4 million of hydrogen fuel from OneH2, respectively. For the nine months ended September 30, 2024 and 2023, the Company paid OneH2$1.1 million each year as part of the Company's total investment to date of$5.3 million to build and commercialize a hydrogen production plant for the Company which we expect to become operational in the first six months of 2025.