<SEC-DOCUMENT>0001104659-25-016227.txt : 20250221
<SEC-HEADER>0001104659-25-016227.hdr.sgml : 20250221
<ACCEPTANCE-DATETIME>20250221182026
ACCESSION NUMBER:		0001104659-25-016227
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250221
DATE AS OF CHANGE:		20250221

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CVR ENERGY INC
		CENTRAL INDEX KEY:			0001376139
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-83522
		FILM NUMBER:		25653589

	BUSINESS ADDRESS:	
		STREET 1:		2277 PLAZA DRIVE
		STREET 2:		SUITE 500
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77479
		BUSINESS PHONE:		(281) 207-3200

	MAIL ADDRESS:	
		STREET 1:		2277 PLAZA DRIVE
		STREET 2:		SUITE 500
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77479

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICAHN CARL C
		CENTRAL INDEX KEY:			0000921669
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		ORGANIZATION NAME:           	CF
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O ICAHN ENTERPRISES L.P.
		STREET 2:		16690 COLLINS AVE., PH-1
		CITY:			SUNNY ISLES BEACH
		STATE:			FL
		ZIP:			33160
		BUSINESS PHONE:		305-422-4145

	MAIL ADDRESS:	
		STREET 1:		C/O ICAHN ENTERPRISES L.P.
		STREET 2:		16690 COLLINS AVE., PH-1
		CITY:			SUNNY ISLES BEACH
		STATE:			FL
		ZIP:			33160

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ICAHN CARL C ET AL
		DATE OF NAME CHANGE:	19950612
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001104659-12-002044</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: ICAHN CARL C -->
          <cik>0000921669</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>36</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $0.01</securitiesClassTitle>
      <dateOfEvent>02/21/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001376139</issuerCIK>
        <issuerCUSIP>12662P108</issuerCUSIP>
        <issuerName>CVR Energy, Inc.</issuerName>
        <address>
          <com:street1>2277 Plaza Drive</com:street1>
          <com:street2>Suite 500</com:street2>
          <com:city>Sugar Land</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>77479</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Jesse A. Lynn, Esq.</personName>
          <personPhoneNum>(305) 422-4100</personPhoneNum>
          <personAddress>
            <com:street1>16690 Collins Avenue</com:street1>
            <com:street2>Suite PH-1</com:street2>
            <com:city>Sunny Isles Beach</com:city>
            <com:stateOrCountry>FL</com:stateOrCountry>
            <com:zipCode>33160</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001034563</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>ICAHN ENTERPRISES HOLDINGS L.P.</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>Y</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>67570593.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>67570593.00</sharedDispositivePower>
        <aggregateAmountOwned>67570593.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>67.2</percentOfClass>
        <typeOfReportingPerson>PN</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001257324</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>ICAHN ENTERPRISES G.P. INC.</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>Y</legalProceedings>
        <citizenshipOrOrganization>DE</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>67570593.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>67570593.00</sharedDispositivePower>
        <aggregateAmountOwned>67570593.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>67.2</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0000921669</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>CARL C. ICAHN</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>Y</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>67570593.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>67570593.00</sharedDispositivePower>
        <aggregateAmountOwned>67570593.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>67.2</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $0.01</securityTitle>
        <issuerName>CVR Energy, Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>2277 Plaza Drive</com:street1>
          <com:street2>Suite 500</com:street2>
          <com:city>Sugar Land</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>77479</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The Schedule 13D filed with the Securities and Exchange Commission on January 13, 2012 (as previously amended, the "Initial 13D"), by the Reporting Persons with respect to the shares of Common Stock, par value $0.01 (the "Shares"), issued by CVR Energy, Inc. (the "Issuer"), is hereby further amended to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Initial 13D, as amended.</commentText>
      </item1>
      <item2>
        <filingPersonName>Items 2(a)-(c) of the Schedule 13D are hereby amended and restated as follows:

The persons filing this statement are Icahn Enterprises Holdings L.P., a Delaware limited partnership ("Icahn Enterprises Holdings"), Icahn Enterprises G.P. Inc., a Delaware corporation ("Icahn Enterprises GP"), and Carl C. Icahn, a citizen of the United States of America (collectively, the "Reporting Persons").

IEP Energy Holding LLC, a Delaware limited liability company, directly owns 52,070,593 Shares. American Entertainment Properties Corp., a Delaware corporation, owns a 100% interest in IEP Energy Holding LLC. AEPC Holdings LLC, a Delaware limited liability company, owns a 100% of the equity of American Entertainment Properties Corp. Icahn Enterprises Holdings owns a 100% interest in AEPC Holdings LLC. Icahn Enterprises L.P., a publicly traded Delaware limited partnership (Nasdaq: IEP), owns a 99% limited partner interest in Icahn Enterprises Holdings. Carl C. Icahn is the indirect holder of approximately 86% of the issued and outstanding depositary units representing limited partnership interests in Icahn Enterprises L.P. Icahn Enterprises GP is the general partner of and owns a 1% general partner interest in each of Icahn Enterprises Holdings and Icahn Enterprises L.P. Icahn Enterprises GP is 100% owned by Beckton Corp. ("Beckton"), a Delaware corporation. Beckton is 100% owned by Carl C. Icahn.</filingPersonName>
        <principalBusinessAddress>The principal business address of each of Icahn Enterprises Holdings and Icahn Enterprises GP is 16690 Collins Avenue, PH-1, Sunny Isles Beach, FL 33160. The principal business address of Mr. Icahn is c/o Icahn Associates Holding LLC, 16690 Collins Avenue, PH-1, Sunny Isles Beach, FL 33160.</principalBusinessAddress>
        <principalJob>Icahn Enterprises Holdings is primarily engaged in the business of holding direct or indirect interests in various operating businesses. Icahn Enterprises GP is primarily engaged in the business of serving as the general partner of each of Icahn Enterprises L.P. and Icahn Enterprises Holdings.

Carl C. Icahn's present principal occupation or employment is serving as (i) Chief Executive Officer of Icahn Capital LP, a wholly owned subsidiary of Icahn Enterprises L.P., through which Mr. Icahn manages various private investment funds, (ii) Chairman of the Board of Icahn Enterprises GP, the general partner of Icahn Enterprises L.P., a Nasdaq listed diversified holding company engaged in a variety of businesses, including investment, energy, automotive, food packaging, real estate, home fashion and pharma, and (iii) Chairman of the Board and a director of Starfire Holding Corporation ("Starfire"), a holding company engaged in the business of investing in and/or holding securities of various entities, and as Chairman of the Board and a director of various of Starfire's subsidiaries.</principalJob>
      </item2>
      <item4>
        <transactionPurpose>Item 4 of the Schedule 13D is hereby amended by adding the following paragraph as the new last paragraph thereof:

On February 21, 2025, American Entertainment Properties Corp. entered into a trading plan (the "10b5-1 Trading Plan") pursuant to Rule 10b5-1 under the Act. The 10b5-1 Trading Plan provides that Jefferies LLC (the "Broker") may make periodic purchases of up to an aggregate of 13,356,539 Shares on behalf of American Entertainment Properties Corp. beginning on March 23, 2025. The amount and timing of purchases, if any, pursuant to the 10b5-1 Trading Plan will be determined based on the terms of the 10b5-1 Trading Plan, which include market conditions, unit price and other factors. The 10b5-1 Trading Plan will terminate at the earlier of the execution of all purchase orders pursuant to the 10b5-1 Trading Plan or February 21, 2026, or when the 10b5-1 Trading Plan is otherwise terminated pursuant to its terms. The foregoing summary is qualified in its entirety by reference to the 10b5-1 Trading Plan, a copy of which is filed as Exhibit 3 to this Amendment No. 36, and which is incorporated herein by reference.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Items 5(a) and (b) of the Schedule 13D is hereby amended and restated as follows:

The percentages set forth on the cover pages are based on 100,530,599 outstanding Shares as of February 14, 2025, as set forth in the Issuer's Annual Report on Form 10-K filed on February 19, 2025. IEP Energy Holding LLC holds 52,070,593 Shares. Icahn Enterprises L.P. holds 15,500,000 Shares. Each of Icahn Enterprises Holdings, Icahn Enterprises GP and Carl C. Icahn disclaims beneficial ownership of all Shares reported herein except to the extent of their pecuniary interest therein, if any.</percentageOfClassSecurities>
        <numberOfShares>The information set forth in Item 5(a) is incorporated into this Item 5(b).</numberOfShares>
      </item5>
      <item6>
        <contractDescription>Item 6 of the Schedule 13D is hereby amended by adding the following paragraph as the new last paragraph thereof:

The information set forth in Item 4 of this Amendment No. 36 with respect to the 10b5-1 Trading Plan is incorporated by reference into this Item 6.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Item 7 of the Schedule 13D is hereby amended by adding the following paragraph as the new last paragraph thereof:

Exhibit 3 - 10b5-1 Trading Plan, dated February 21, 2025.</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>ICAHN ENTERPRISES HOLDINGS L.P.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ted Papapostolou</signature>
          <title>Ted Papapostolou, Chief Financial Officer and Secretary</title>
          <date>02/21/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>ICAHN ENTERPRISES G.P. INC.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Ted Papapostolou</signature>
          <title>Ted Papapostolou, Chief Financial Officer and Secretary</title>
          <date>02/21/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>CARL C. ICAHN</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Carl C. Icahn</signature>
          <title>Carl C. Icahn</title>
          <date>02/21/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>2
<FILENAME>tm257254-1_ex3.htm
<DESCRIPTION>EXHIBIT 3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0">Jefferies LLC 10b5-1 Purchase Plan</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Rule 10b5-1 Purchase Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Rule 10b5-1 Purchase Plan is entered into
on February 21, 2025 (this &ldquo;<U>Purchase Plan</U>&rdquo;) between American Entertainment Properties Corp., a Delaware corporation
(&ldquo;<U>Purchaser</U>&rdquo;), and Jefferies LLC (&ldquo;<U>Broker</U>&rdquo;), acting as agent for Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Recitals</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;This
Purchase Plan is entered into between Purchaser and Broker for the purpose of establishing a trading plan that complies with the requirements
of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934, as amended (the &ldquo;<U>Exchange Act</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">B.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
is establishing this Purchase Plan in order to acquire shares of common stock, par value $0.01 per share (the &ldquo;<U>Shares</U>&rdquo;)
of CVR Energy, Inc. (the &ldquo;<U>Issuer</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article I<BR>
Purchaser&rsquo;s Representations, Warranties and Covenants</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Purchaser represents, warrants and covenants to
Broker as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;As
of the date hereof, Purchaser is not aware of any material nonpublic information concerning the Issuer or its securities. Purchaser is
entering into this Purchase Plan in good faith and not as part of a plan or scheme to evade compliance with the Federal securities laws.
Purchaser agrees to act in good faith with respect to this Purchase Plan at all times while this Purchase Plan is in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
agrees that Purchaser shall not, directly or indirectly, communicate any material nonpublic information relating to the Shares or the
Issuer to any employee of Broker or its affiliates who is involved, directly or indirectly, in executing this Purchase Plan at any time
while this Purchase Plan is in effect. Broker acknowledges that affiliates of Purchaser may from time to time provide material nonpublic
information that may include material nonpublic information relating to the Shares or the Issuer to other employees of Broker not involved
in executing this Purchase Plan in connection with other services provided by Broker affiliates of Purchaser, and that Broker has an &ldquo;information
wall&rdquo; policy in place to prevent such information from being shared with the traders involved in the execution of this Purchase
Plan. Any notice given to Broker pursuant to this Purchase Plan shall be given in accordance with Section 5.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(a)&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser is not subject to the
Issuer&rsquo;s insider trading policies and there are no legal, contractual or regulatory restrictions applicable to Purchaser or Purchaser&rsquo;s
affiliates as of the date of this representation that would prohibit Purchaser from entering into this Purchase Plan or prohibit any purchase
pursuant to this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(b)&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser agrees to notify Broker's
compliance office as set forth in Section 5.5 below as soon as practicable if Purchaser becomes aware of the occurrence of any legal,
contractual or regulatory restriction that is applicable to Purchaser or Purchaser&rsquo;s affiliates, including, without limitation,
any restriction related to a merger or acquisition or a securities offering, and that would prohibit any purchase pursuant to this Purchase
Plan (other than any such restriction relating to Purchaser&rsquo;s possession or alleged possession of material nonpublic information
about the Issuer or its securities). Such notice shall indicate the anticipated duration of the restriction, but shall not include any
other information about the nature of the restriction or its applicability to Purchaser and shall not in any way communicate any material
nonpublic information about the Issuer or its securities to Broker.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;The
execution and delivery of this Purchase Plan by Purchaser and the transactions contemplated by this Purchase Plan has been duly authorized
by Purchaser and will not (a) contravene any provision of applicable law or any agreement or other instrument binding on Purchaser or
any of Purchaser&rsquo;s affiliates, including any insider trading policies or procedures of the Issuer, or any judgment, order or decree
of any governmental body, agency or court having jurisdiction over Purchaser or Purchaser&rsquo;s affiliates or (b) require the consent
or approval of any third party, including the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
has consulted with Purchaser&rsquo;s own advisors as to the legal, tax, business, financial and related aspects of, and has not relied
upon Broker or any person affiliated with Broker in connection with, Purchaser&rsquo;s adoption and implementation of this Purchase Plan.
Broker has made no representation and has no obligation with respect to whether this Purchase Plan or the transactions contemplated hereby
conform to the laws of any particular state or qualify for the affirmative defense provided by Rule 10b5-1. Purchaser acknowledges that
Broker is not acting as a fiduciary of or an advisor to Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(a)&#8239;&#8239;&#8239;&#8239;&nbsp;As of the date hereof, Purchaser
has no other outstanding contract, instruction or plan that is intended to qualify for the affirmative defense under Rule 10b5-1(c)(1)
for purchases or sales of the Issuer&rsquo;s securities, including the Shares, on the open market (a &ldquo;<U>Rule 10b5-1 Plan</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
agrees, until this Purchase Plan has been terminated, that Purchaser shall not adopt a separate Rule 10b5-1 Plan for trading with respect
to the Shares other than this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(a)&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser shall be solely responsible
for compliance with all statutes, rules and regulations applicable to Purchaser with respect to the transactions contemplated hereby,
including, without limitation, reporting and filing requirements, and agrees to make all filings, if any, required under Sections 13(d),
13(g) and 16 of the Exchange Act in a timely manner, to the extent any such filings are applicable to Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(b)&#8239;&#8239;&#8239;&#8239;Purchaser agrees that Purchaser shall
at all times during the Plan Purchase Period (as defined below), in connection with the performance of this Purchase Plan, comply with
all applicable laws, including, without limitation, Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
acknowledges and agrees that Purchaser does not have, and shall not attempt to exercise, any influence over how, when or whether to effect
purchases of Shares pursuant to this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.9&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;While
this Purchase Plan is in effect, Purchaser agrees not to enter into or alter any corresponding or hedging transaction or position with
respect to the securities covered by this Purchase Plan (including, without limitation, with respect to any securities convertible or
exchangeable into the Shares) and agrees not to alter or deviate from the terms of this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article II<BR>
Implementation of the Purchase Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
hereby appoints Broker as its agent to purchase Shares as described on Exhibit A of this Purchase Plan (&ldquo;<U>Trading Formula</U>&rdquo;).
Subject to such terms and conditions, Broker hereby accepts such appointment. Broker agrees to conduct all purchases pursuant to this
Purchase Plan consistent with paragraphs (b)(2), (b)(3) and (b)(4) Rule 10b-18 under the Exchange, assuming Broker&rsquo;s purchases are
the only purchases being made by Purchaser or any affiliated purchaser. Purchaser agrees that it shall not take, nor permit any person
or entity under its control to take, any action that could jeopardize compliance with Rule 10b-18.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Broker
is authorized to begin purchasing Shares pursuant to this Purchase Plan on March 23, 2025 and shall cease purchasing Shares on the earliest
to occur of (i) the date on which Broker is required to suspend or terminate purchases under this Purchase Plan pursuant to Section 3.1
below, (ii) the date on which Broker receives notice of the dissolution of Purchaser, (iii) the date on which Broker receives notice that
the Issuer or any other person (including, for the avoidance of doubt, Purchaser or an affiliate of Purchaser) has publicly announced
a tender or exchange offer with respect to the Shares or a merger, acquisition, reorganization, recapitalization or comparable transaction
affecting the securities of the Issuer as a result of which the Shares are to be exchanged or converted into securities of another company,
(iv) the date on which Broker receives notice of the commencement or impending commencement of any proceedings in respect of or triggered
by Purchaser&rsquo;s bankruptcy or insolvency, (v) the date that the aggregate number of Shares purchased pursuant to this Purchase Plan
reaches 13,356,539 Shares (the &ldquo;<U>Total Purchase Amount</U>&rdquo;), and (vi) February 21, 2026 , (any such date, the &ldquo;<U>Termination
Date</U>&quot;). The period of time between the commencement of purchases and the Termination Date shall be the &ldquo;<U>Plan Purchase
Period.</U>&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(a)&#8239;&#8239;&#8239;&#8239;&nbsp;During the Plan Purchase Period,
Broker shall purchase the Shares in accordance with Exhibit A at such times, at such prices and in such quantities as Broker determines
to be appropriate in accordance with the terms of this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(b)&#8239;&#8239;&#8239;&#8239;&nbsp;Subject to the restrictions set forth
in Section 2.1 above, Broker shall purchase Shares under ordinary principles of best execution at the then-prevailing market price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(c)&#8239;&#8239;&#8239;&#8239;&nbsp;Broker shall, on the same day on each
day on which a purchase of Shares is made (a &ldquo;<U>Purchase Day</U>&rdquo;), provide the individuals identified in Section&nbsp;5.5(c)
below with the amount of Shares purchased, the purchase prices of such purchase and such other information as they may reasonably require
in order to permit timely compliance by Purchaser or its affiliates, as applicable, with the requirements of Section&nbsp;16 of the Exchange
Act and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(d)&#8239;&#8239;&#8239;&#8239;&nbsp;The Total Purchase Amount shall be adjusted
automatically on a proportionate basis to take into account any unit split, reverse unit split or unit dividend with respect to the Shares
or any change in capitalization with respect to the Issuer that occurs during the Plan Purchase Period. Purchaser shall promptly advise
Broker of any such event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Broker
shall suspend the purchase of Shares hereunder at any time when:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;
</FONT>Broker, in its sole discretion, has determined that a market disruption, banking moratorium, trading suspension, outbreak or escalation
of hostilities or other crisis or calamity has occurred that, in Broker&rsquo;s judgment, make it impracticable for Broker to effect purchases
of the Shares; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Broker, in its sole discretion, has determined that it is prohibited from doing so by a legal, contractual or regulatory restriction
applicable to it or its affiliates or to Purchaser or Purchaser&rsquo;s affiliates; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;
</FONT>Broker, in its sole discretion, has determined that to do so would materially impact the trading price for the Shares; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Broker has received notice from the Purchaser of the occurrence of any event contemplated by Section 1.3(a) above; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
</FONT>Broker has received notice from Purchaser to suspend or terminate the Purchase Plan in accordance with Section 3.1(a) below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Following a suspension under this Section 2.4, Broker shall resume
purchases in accordance with this Purchase Plan as promptly as practicable after Broker determines, in its sole discretion, that purchases
may be resumed. Upon the resumption of trading following a suspension, (i) any trades for which the Trading Formula specifies a purchase
period end date that occurred during the suspension shall be deemed to have expired as of such end date, and (ii) any trades for which
the Trading Formula specifies a purchase period start date that occurred during the suspension shall be placed as soon as practicable
for the balance of time remaining until the purchase period end date applicable to such trade. All other trades shall be placed as originally
indicated in this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
will pay for the Shares purchased under this Purchase Plan on the normal settlement date. Purchaser agrees to deliver cash required to
fund purchases pursuant to this Purchase Plan into an account at Broker in the name of and for the benefit of Purchaser (the &ldquo;<U>Plan
Account</U>&rdquo;) prior to the settlement of Shares purchased under this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Broker
may purchase Shares on any national securities exchange, in the over-the-counter market, on an automated trading system or otherwise.
Purchaser agrees that if Broker is a market maker in the Shares at the time that any purchase is to be made under this Purchase Plan,
Broker may, at its sole discretion, sell Shares to Purchaser in its capacity as market maker.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article III<BR>
Termination; Amendment of Purchase Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(a)&#8239;&#8239;&#8239;&#8239;&nbsp;This Purchase Plan may be suspended
or terminated by Purchaser or Broker at any time upon one day prior written notice sent to Broker or Purchaser, as the case may be, by
telephone or by email at the telephone number or email address set forth in Section 5.5 below. Purchaser agrees that Purchaser shall not
suspend or terminate this Purchase Plan except upon consultation with Purchaser&rsquo;s own legal advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(b)&#8239;&#8239;&#8239;&#8239;&nbsp;This Purchase Plan shall be suspended
if Broker receives notice of the occurrence of any event contemplated by Section 1.3(b) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
agrees that Broker will execute this Purchase Plan in accordance with its terms and will not be required to suspend or terminate any purchases
of the Shares unless Broker has received notice in accordance with Section 3.1 above at least two days prior to the date on which this
Purchase Plan is to be suspended or terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;This
Purchase Plan may be amended by Purchaser only upon the written consent of Broker and receipt by Broker of a certificate, dated as of
the date of such amendment, signed by Purchaser certifying that the representations and warranties of Purchaser contained in this Purchase
Plan are true at and as of the date of such certificate as if made at and as of such date. Purchaser agrees that this Purchase Plan may
not be amended to the extent that such amendment would change the amount, price or timing of the purchase or sale of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article IV<BR>
Indemnification; Limitation of Liability</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
agrees to indemnify and hold harmless Broker and its directors, officers, employees, agents and affiliates from and against all claims,
losses, damages and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with defending
or investigating any such action or claim): (i) arising out of or attributable to actions taken or not taken by any of them under this
Purchase Plan, except in the case of any claims, losses, damages or liabilities resulting from Broker&rsquo;s gross negligence, recklessness,
bad faith or willful misconduct; (ii) arising out of or attributable to any breach by Purchaser of this Purchase Plan (including Purchaser&rsquo;s
representations and warranties); or (iii) any violation by Purchaser of applicable laws or regulations. This indemnification will survive
termination of this Purchase Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Notwithstanding
any other provision of this Purchase Plan, neither Broker nor any of its directors, officers, employees, agents or affiliates shall be
liable to Purchaser or any other person or entity: (i) as a result of actions taken or not taken by any of them under this Purchase Plan,
except in the case of a liability resulting from Broker&rsquo;s gross negligence or willful misconduct; (ii) for special, indirect, punitive,
exemplary or consequential damages, or incidental losses or damages of any kind, including without limitation lost profits or lost savings,
regardless of whether arising from breach of contract, warranty, tort, strict liability or otherwise, and even if advised of the possibility
of such losses or damages or if such losses or damages could have been reasonably foreseen; or (iii) for any failure to perform or to
cease performance or any delay in performance that results from a cause or circumstance that is beyond Broker&rsquo;s reasonable control,
including but not limited to failure of electronic or mechanical equipment, strikes, failure of common carrier or utility systems, severe
weather, market disruptions or other causes commonly known as &ldquo;acts of God.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Article V<BR>
General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.1.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchases
of Shares effected under this Purchase Plan will settle on a normal settlement basis plus any commission to be paid to Broker, provided
that any commission hereunder shall be not greater than $0.003 per Share purchased.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.2.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;[Intentionally
Omitted]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.3.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;Purchaser
and Broker acknowledge and agree that this Purchase Plan is a &ldquo;<U>securities contract,</U>&rdquo; as such term is defined in Section
741(7) of Title 11 of the United States Code (the &ldquo;<U>Bankruptcy Code</U>&rdquo;), entitled to all of the protections given such
contracts under the Bankruptcy Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.4.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;This
Purchase Plan constitutes the entire agreement between the parties with respect to this Purchase Plan and supersedes any prior agreements
or understandings with regard to this Purchase Plan. If requested, Purchaser shall execute a standard form account agreement with Broker,
but in the event of conflict between any provision of such standard form account agreement and this Purchase Plan, the provisions of this
Purchase Plan shall control.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(a)&#8239;&#8239;&#8239;&#8239;&nbsp;All notices to Broker under this
Purchase Plan shall be given to [***] in the Broker&rsquo;s compliance office in the manner specified by this Purchase Plan by telephone
at [***] or email at [***].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(b)&#8239;&#8239;&#8239;&#8239;All notices to Purchaser under this
Purchase Plan shall be given to Purchaser in the manner specified by this Purchase Plan by email to [***] at [***], with a copy to [***].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(c)&#8239;&#8239;&#8239;&#8239;&nbsp;All reports of purchases by Broker shall
be given to [***] at [***], with a copy to [***] at [***].</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&nbsp;(d)&#8239;&#8239;&#8239;&#8239;All such notices and communications
may be directed to such other or additional persons or such other addresses for any party or person as may be specified by like notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.6&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;This
Purchase Plan may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures
thereto and hereto were upon the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.7&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;If
any provision of this Purchase Plan is or becomes inconsistent with any applicable present or future law, rule or regulation, that provision
will be deemed modified or, if necessary, rescinded in order to comply with the relevant law, rule or regulation. All other provisions
of this Purchase Plan will continue and remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.8&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;This
Purchase Plan shall be governed by and construed in accordance with the internal laws of the State of New York and may be modified or
amended only by a writing signed by the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[Remainder of Page Intentionally
Left Blank &ndash; Signature Page Follows]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned have signed
this Purchase Plan as of the date first written above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left"><FONT STYLE="font-size: 10pt">American
    Entertainment Properties Corp.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 3%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; width: 47%"><FONT STYLE="font-size: 10pt">/s/ Ted Papapostolou</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Name: Ted Papapostolou</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">JEFFERIES LLC</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">/s/ Rachel Yu</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Name: Rachel Yu</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Title: COO of Americas Equities</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-indent: 0.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify; text-indent: 0.5in">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TRADING FORMULA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 9; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
