PREFERRED STOCK REDEMPTION AGREEMENTPreferred Stock Redemption Agreement • January 3rd, 2020 • Camber Energy, Inc. • Crude petroleum & natural gas • Texas
This Preferred Stock Redemption Agreement (this “Agreement”) is made and entered into as of the Execution Date (defined below), by and among Camber Energy, Inc., a Nevada corporation (“Camber”), Lineal Star Holdings LLC, a Delaware limited liability company (“Lineal”), each of Lineal’s wholly-owned subsidiaries, Lineal Industries Inc., a Pennsylvania corporation (“Lineal Industries”) and Lineal Star, Incorporated, a Delaware corporation (“Lineal Star” and together with Lineal Industries, the “Lineal Subs”) and each of the holders of the Series E Redeemable Convertible Preferred Stock and Series F Redeemable Preferred Stock of Camber set forth on the signature pages hereto under the heading “Preferred Stock Holders” (the “Holders”). Each of Camber, Lineal, the Holders and the Lineal Subs are referred to herein as the “Parties”, and individually as a “Party”. Certain capitalized terms used below have the meanings given to such terms in Section 1, below.
