ADVANCED EMISSIONS SOLUTIONS, INC. : Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders (form 8-K) -…

Item 1.01 Entry into a Material Definitive Agreement.

On March 15, 2022, Advanced Emissions Solutions, Inc. (the "Company"), aDelaware corporation, entered into the Fifth Amendment to Tax Asset ProtectionPlan (the "Fifth Amendment") between the Company and Computershare TrustCompany, N.A. (the "Rights Agent") that amends the Tax Asset Protection Plandated May 5, 2017, as amended (the "TAPP") between the Company and the RightsAgent.

The Fifth Amendment amends the definition of "Final Expiration Date" under theTAPP to extend the duration of the TAPP and makes associated changes inconnection therewith. Pursuant to the Fifth Amendment, the Final Expiration Dateshall be the close of business on the earlier of (i) December 31, 2023 or (ii)December 31, 2022 if stockholder approval has not been obtained prior to suchdate.

The foregoing description of the Fifth Amendment is qualified in its entirety byreference to the full text of the Fifth Amendment, attached hereto as Exhibit4.6 and incorporated herein by reference.

Item 3.03 Material Modification to Rights of Security Holders.

See the description set out under "Item 1.01 - Entry into a Material DefinitiveAgreement," which is incorporated by reference into this Item 3.03.

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ADVANCED EMISSIONS SOLUTIONS, INC. : Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders (form 8-K) -...