YUMA ENERGY, INC. 477,273 Shares (Plus up an Option to Purchase up to 71,590 Shares to Cover Overallotments) UNDERWRITING AGREEMENTUnderwriting Agreement • October 22nd, 2014 • Yuma Energy, Inc. • Crude petroleum & natural gas • New York
Yuma Energy, Inc., a California corporation (the “Company”), proposes, subject to the terms and conditions of this Underwriting Agreement (this “Agreement”), to issue and sell to the several Underwriters named in Schedule IV hereto (the “Underwriters”), for whom MLV & Co. LLC is acting as representative (the “Representative”), an aggregate of 477,273 shares (the “Firm Shares”) of the Company’s 9.25% Series A Cumulative Redeemable Preferred Stock, no par value per share (the “Preferred Stock”). The Company also proposes to sell to the Underwriters, upon the terms and conditions set forth in Section 2 hereof, up to an additional 71,590 shares of Preferred Stock (the “Option Shares”) as may be necessary to cover overallotments made in connection with the offering of the Firm Shares. The Firm Shares and the Option Shares are hereinafter collectively referred to as the “Securities”.
