Fifty Thousand Shares of Series B Convertible Preferred Stock PURCHASE AGREEMENTPurchase Agreement • April 9th, 2018 • Carbon Natural Gas Co • Crude petroleum & natural gas • New York
This Agreement will confirm the arrangement between Carbon Natural Gas Company, a Delaware corporation (the “Company”), with its principal offices at 1700 Broadway, Suite 1170, Denver, Colorado 80290, and the purchaser whose name and address are set forth on the signature pages hereof (the “Purchaser”), relating to the issuance and sale by the Company to the Purchaser of fifty thousand (50,000) shares of its Series B Convertible Preferred Stock, par value $0.01 per share (the “Preferred Securities”) on the terms, conditions and other provisions contained in this Agreement and in the Certificate of Designation (as such term is defined below). In accordance with the terms of the Certificate of Designation of Relative Rights and Preferences of the Series B Convertible Preferred Stock filed with the Delaware Secretary of State (the “Certificate of Designation”) on April 5, 2018, the Preferred Securities are convertible into shares of the Company’s common stock, par value $0.01 per share (t
