EXCHANGE AGREEMENTExchange Agreement • October 17th, 2024 • Royale Energy, Inc. • Crude petroleum & natural gas
THIS RECEIPT, dated as of _____________, is executed and delivered by Royale Energy, Inc. (the “Company”) to «Legal_Name» (the “Holder”) in connection with the Purchase and Sale Agreement, dated as of «Effective_Date» (the “Exchange Agreement”), between the Company and the Holder. Capitalized terms used herein and not otherwise defined herein have the meanings ascribed to such terms in the PSA.
ContractRoyale Energy, Inc. • October 17th, 2024 • Crude petroleum & natural gas • Delaware
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER ANY APPLICABLE STATE LAW. THIS NOTE MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR PLEDGED WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT (2) TO ROYALE ENERGY, INC. OR ANY SUBSIDIARY THEREOF, (3) TO A PERSON WHOM THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE ACT (A “QIB”) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QIB IN COMPLIANCE WITH RULE 144A UNDER THE ACT, (4) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE ACT, (5) PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE ACT (IF AVAILABLE), (6) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE ACT) OR (7) PURSUANT TO ANOTHER EXEMPTION
Royale Energy, Inc. Stock Option AgreementStock Option Agreement • October 17th, 2024 • Royale Energy, Inc. • Crude petroleum & natural gas • Delaware
This STOCK OPTION AGREEMENT (this “Option Agreement”) is entered into October 1, 2024 (the “Effective Date”), between Royale Energy, Inc., a Delaware corporation (the “Company”), and PEM Resources Limited Partnership (“Optionee”) a former holder of the Company’s Series B 3.5% Convertible Preferred Stock Series B Preferred Stock of the Company (“Series B Preferred Stock”).
RELEASE AGREEMENTRelease Agreement • October 17th, 2024 • Royale Energy, Inc. • Crude petroleum & natural gas
This Release Agreement (“Agreement”) is entered into as of October (the “Closing Date”) by and between Royale Energy, Inc., a Delaware corporation (the “Company”), and Nelda Mae Swift (the “Holder”). Each of the Holder and the Company is a “Party”, and together are the “Parties.”
