●] Shares ENERGY HUNTER RESOURCES, INC. Common Stock UNDERWRITING AGREEMENT October [●], 2017Underwriting Agreement • October 23rd, 2017 • Energy Hunter Resources, Inc. • Crude petroleum & natural gas • New York
It is understood and agreed to by the parties hereto that the Company and Lubbock Energy Partners, LLC, a Texas limited liability company (“LEP”), entered into a Contribution and Sale Agreement (the “LEP Contribution Agreement”), dated as of July 12, 2017, pursuant to which the Company agreed to acquire certain assets, including oil and gas leases covering approximately 9,413 net acres located in Cochran County, Texas within the San Andres oil play of the Northwest Shelf of the Permian Basin (the “San Andres Properties”), and certain other related wells, facilities, equipment and infrastructure (the “San Andres Acquisition”), effective as of June 1, 2017, for approximately $22.7 million, subject to adjustment in accordance with the LEP Contribution Agreement, consisting of approximately $10.6 million in cash, and approximately $12.1 million in restricted shares of Common Stock of the Company (the “LEP Stock Consideration”). In addition, the Company agreed to file an initial resale regi
