ContractVersion Option Agreement • May 5th, 2020 • Delaware
Contract Type FiledMay 5th, 2020 JurisdictionEX-99.3 4 c07945exv99w3.htm EXHIBIT 99.3 Exhibit 99.3 Execution Version OPTION AGREEMENT This OPTION AGREEMENT (the “Agreement”), dated as of October 26, 2010, is by and among Crimson Exploration Inc., a Delaware limited corporation (the “Company”), and America Capital Energy Corporation, a New York corporation (“ACEC”). RECITALS WHEREAS, pursuant to that certain Subscription Agreement (the “Subscription Agreement”), dated September 24, 2010 and to be effective on the terms set forth therein, the Company has agreed to sell to ACEC, and ACEC has agreed to purchase from the Company, an option (the “Option”) to purchase 1,750,000 shares (the “Preferred Shares”) of the Company’s Series I Convertible Preferred Stock (the “Preferred Stock”), a preferred stock series designated in that certain Certificate of Designation, Preferences and Rights of the Preferred Stock, as filed with the Secretary of the State of Delaware on October 25, 2010 ; and WHEREAS, in accordance with the Subscription Agr