<SEC-DOCUMENT>0001140361-23-014890.txt : 20230330
<SEC-HEADER>0001140361-23-014890.hdr.sgml : 20230330
<ACCEPTANCE-DATETIME>20230330172016
ACCESSION NUMBER:		0001140361-23-014890
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20230330
DATE AS OF CHANGE:		20230330
GROUP MEMBERS:		JONATHAN BARRETT
GROUP MEMBERS:		LUMINUS ENERGY PARTNERS MASTER FUND, LTD.

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BATTALION OIL CORP
		CENTRAL INDEX KEY:			0001282648
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				200700684
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79873
		FILM NUMBER:		23781826

	BUSINESS ADDRESS:	
		STREET 1:		3505 WEST SAM HOUSTON PARKWAY NORTH
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043
		BUSINESS PHONE:		832-538-0300

	MAIL ADDRESS:	
		STREET 1:		3505 WEST SAM HOUSTON PARKWAY NORTH
		STREET 2:		SUITE 300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALCON RESOURCES CORP
		DATE OF NAME CHANGE:	20120209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RAM ENERGY RESOURCES INC
		DATE OF NAME CHANGE:	20060518

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TREMISIS ENERGY ACQUISITION CORP
		DATE OF NAME CHANGE:	20040304

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LUMINUS MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001279151
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1811 BERING DRIVE
		STREET 2:		SUITE 400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77057
		BUSINESS PHONE:		212-424-2868

	MAIL ADDRESS:	
		STREET 1:		1811 BERING DRIVE
		STREET 2:		SUITE 400
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77057
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>brhc10050679_sc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt;">Washington, D.C. 20549</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">SCHEDULE 13D/A</div>
    <div>&#160;</div>
    <div style="text-align: center;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center;">(Amendment No. 2)*</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">Battalion Oil Corporation</div>
    <div style="text-align: center;">(Name of Issuer)</div>
    <div>
      <div>&#160;</div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">Common Stock</div>
    <div style="text-align: center;">(Title of Class of Securities)</div>
    <div>
      <div>&#160;</div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">40537Q803</div>
    <div style="text-align: center;">(CUSIP Number)</div>
    <div>
      <div>&#160;</div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-weight: bold;">Carlos Treistman</div>
    <div style="text-align: center; font-weight: bold;">Luminus Management, LLC</div>
    <div style="text-align: center; font-weight: bold;">1811 Bering Drive, Suite 400</div>
    <div style="text-align: center; font-weight: bold;">Houston, TX 77057</div>
    <div style="text-align: center; font-weight: bold;">(212) 424-2800</div>
    <div><br>
    </div>
    <div style="text-align: center;">(Name, Address and Telephone Number of Person</div>
    <div style="text-align: center;">Authorized to Receive Notices and Communications)</div>
    <div>&#160;
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">March 28, 2023</div>
    <div style="text-align: center;">(Date of Event which Requires Filing of this Statement)</div>
    <div>&#160;</div>
    <div>If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167; 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following
      box. &#9744;</div>
    <div>&#160;</div>
    <div><font style="font-weight: bold;">Note:</font> Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.</div>
    <div>&#160;</div>
    <div>* The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures
      provided in a prior cover page.</div>
    <div>&#160;</div>
    <div>The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (&#8220;Act&#8221;) or otherwise subject to the liabilities of that section of the
      Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
    <div>&#160;</div>
    <div>
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              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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                <div style="text-align: right;">Page <font class="BRPFPageNumber">1</font> of 7 <br>
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          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">LUMINUS MANAGEMENT, LLC</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="HEIGHT: 13px">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(a)</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(b)</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">AF</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">DELAWARE</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%" rowspan="12" colspan="2">
            <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">42.6% (2)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">IA</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc2d54f401e694a10aeff2c9878f9ad48">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div>The number of shares reported above includes (i) 6,151,448 shares of Common Stock owned directly by Master Fund and (ii) 1,476,855 shares of Common Stock issuable upon conversion or redemption of 13,336 shares of Series A Preferred Stock
              issued to Master Fund pursuant to the Series A Purchase Agreement (as discussed in Item 3). Neither the filing of this statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by any Reporting Person hereto
              that it is the beneficial owner of any Common Stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is hereby expressly disclaimed.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2ca46e1e49ea4e56b83f5a0ecb2bf044">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Percentage based on (i) 16,450,507 outstanding shares of Common Stock as of March 28, 2023, in reliance on the representation made by the Issuer in the Series A Purchase Agreement, plus (ii) 1,476,855 shares of Common Stock issuable upon
              conversion or redemption of 13,336 shares of Series A Preferred Stock owned directly by Master Fund.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 8%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="text-align: right;">Page <font class="BRPFPageNumber">2</font> of 7 <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

        <tr>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">LUMINUS ENERGY PARTNERS MASTER FUND, LTD.</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="HEIGHT: 13px">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(a)</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(b)</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">WC</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">BERMUDA</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%" rowspan="12" colspan="2">
            <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">42.6% (2)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">OO</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2e5b3cfbabcc429295b308a1ba27c11d">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div>The number of shares reported above includes (i) 6,151,448 shares of Common Stock owned directly by Master Fund and (ii) 1,476,855 shares of Common Stock issuable upon conversion or redemption of 13,336 shares of Series A Preferred Stock
              issued to Master Fund pursuant to the Series A Purchase Agreement (as discussed in Item 3). Neither the filing of this statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by any Reporting Person hereto
              that it is the beneficial owner of any Common Stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is hereby expressly disclaimed.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfee3853582bf4a24bc51ddac52f9c6ff">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Percentage based on (i) 16,450,507 outstanding shares of Common Stock as of March 28, 2023, in reliance on the representation made by the Issuer in the Series A Purchase Agreement, plus (ii) 1,476,855 shares of Common Stock issuable upon
              conversion or redemption of 13,336 shares of Series A Preferred Stock owned directly by Master Fund.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      <div class="BRPFPageHeader" style="width: 100%;">
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 8%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="text-align: right;">Page <font class="BRPFPageNumber">3</font> of 7 <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <table cellspacing="0" cellpadding="2" border="0" style="border-collapse: collapse; width: 100%; font-family: 'Times New Roman'; font-size: 10pt;">

        <tr>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">1</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">NAMES OF REPORTING PERSONS</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-TOP: #000000 1pt solid; BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">JONATHAN BARRETT</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="HEIGHT: 13px">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">2</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(a)</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: right">(b)</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">3</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%; BACKGROUND-COLOR: #bfbfbf" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SEC USE ONLY</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%; BACKGROUND-COLOR: #bfbfbf">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr style="BACKGROUND-COLOR: #bfbfbf">
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">4</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOURCE OF FUNDS (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">AF</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">5</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">6</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">UNITED STATES</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; FONT-WEIGHT: bold; BORDER-LEFT: #000000 1pt solid; WIDTH: 12.71%" rowspan="12" colspan="2">
            <div style="TEXT-ALIGN: center">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">7</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">8</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED VOTING POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">9</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SOLE DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">0</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">10</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 76.38%" rowspan="2">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">11</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">7,628,303 (1)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">12</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: middle; PADDING-RIGHT: 2px; WIDTH: 5.01%">
            <div style="FONT-FAMILY: ''Times New Roman''; TEXT-ALIGN: left">&#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">&#160;</td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">13</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">42.6% (2)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; WIDTH: 6.36%" rowspan="3">
            <div style="FONT-SIZE: 18pt; FONT-WEIGHT: bold; TEXT-ALIGN: center">14</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" colspan="3">
            <div style="FONT-WEIGHT: bold; TEXT-ALIGN: left">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; PADDING-LEFT: 2pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 86.4%" rowspan="2" colspan="3">
            <div style="text-align: left;">IN</div>
          </td>
          <td style="VERTICAL-ALIGN: middle; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="VERTICAL-ALIGN: middle; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 2.59%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
          <td style="BORDER-RIGHT: #000000 1pt solid; VERTICAL-ALIGN: top; BORDER-BOTTOM: #000000 1pt solid; WIDTH: 5.01%">
            <div style="TEXT-ALIGN: left">&#160;</div>
          </td>
        </tr>

    </table>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4719910eb5b4400296aec7135aba9d11">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(1)</td>
          <td style="width: auto; vertical-align: top;">
            <div>The number of shares reported above includes (i) 6,151,448 shares of Common Stock owned directly by Master Fund and (ii) 1,476,855 shares of Common Stock issuable upon conversion or redemption of 13,336 shares of Series A Preferred Stock
              issued to Master Fund pursuant to the Series A Purchase Agreement (as discussed in Item 3). Neither the filing of this statement on Schedule 13D nor any of its contents shall be deemed to constitute an admission by any Reporting Person hereto
              that it is the beneficial owner of any Common Stock for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and such beneficial ownership is hereby expressly disclaimed.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zed3289d9e9a94379ace7b5992dde6af1">

        <tr>
          <td style="width: 18pt; vertical-align: top;">(2)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Percentage based on (i) 16,450,507 outstanding shares of Common Stock as of March 28, 2023, in reliance on the representation made by the Issuer in the Series A Purchase Agreement, plus (ii) 1,476,855 shares of Common Stock issuable upon
              conversion or redemption of 13,336 shares of Series A Preferred Stock owned directly by Master Fund.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 8%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="text-align: right;">Page <font class="BRPFPageNumber">4</font> of 7 <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div style="text-align: center; text-indent: -54pt; margin-left: 54pt; font-weight: bold;">EXPLANATORY NOTE</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt;"><font style="color: rgb(0, 0, 0);">The following constitutes Amendment No. 2 (&#8220;Amendment No. 2&#8221;) to the Schedule 13D filed by the undersigned with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on August 15, 2019, </font>as
      amended by Amendment No. 1 thereto originally filed with the SEC on October 22, 2019 <font style="color: rgb(0, 0, 0);">(collectively, the &#8220;Schedule 13D&#8221;). Except as specifically provided herein, this Amendment No. 2 does not modify any of the
        information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 2 shall have the meanings herein as are ascribed to such terms in the Schedule 13D.</font></div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za0d4ab795e2948cbb51d7e0c2da9da91">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 1.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Security and Issuer.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>This Amendment No. 2 relates to shares of Common Stock, $0.0001 par value per share (the &#8220;<u>Common Stock&#8221;)</u> of Battalion Oil Corporation, a Delaware corporation (the &#8220;<u>Issuer</u>&#8221;). The Issuer&#8217;s principal executive offices are located at
      3505 West Sam Houston Parkway North, Suite 300, Houston, TX 77043.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfadd5edee9fe4d57a129e56ef676a151">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 2.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Identity and Background.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>Item 2 is hereby amended by replacing clause (b) with the following:</div>
    <div>&#160;</div>
    <div>(b) The address of the principal business office of each of the Reporting Persons is 1811 Bering Drive, Suite 400, Houston, TX 77057.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z7b05cdb38a4d49229a4c82939afb263b">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 3.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Source and Amount of Funds or Other Consideration.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>Item 3 is hereby amended by adding the following:</div>
    <div>&#160;</div>
    <div>As described in Item 4 below, on March 28, 2023, Master Fund purchased 13,336 shares of Series A Convertible Redeemable Preferred Stock of the Issuer, par value $0.0001 per share (the &#8220;Series A Preferred Stock&#8221;), for aggregate consideration of
      approximately $13.0 million pursuant to the Series A Purchase Agreement, dated March 28, 2023 (the &#8220;Series A Purchase Agreement&#8221;), by and among the Issuer, Master Fund and the other purchasers party thereto.</div>
    <div>&#160;</div>
    <div>The funds used to purchase these securities were obtained from the general working capital of the Master Fund and margin account borrowings made in the ordinary course of business, although the Reporting Persons cannot determine whether any funds
      allocated to purchase such securities were obtained from any margin account borrowings.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8795e8011d424509bcddd9785813efb5">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 4.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Purpose of Transaction.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>Item 4 is hereby amended by adding the following:</div>
    <div>&#160;</div>
    <div>The information set forth in amended Items 3 and 6 and the Exhibits to Amendment No. 2 are incorporated herein by reference.</div>
    <div>&#160;</div>
    <div>On March 28, 2023, the Issuer, Master Fund and the other purchasers party thereto entered into the Series A Purchase Agreement. On March 28, 2023, Master Fund purchased 13,336 shares of Series A Preferred Stock for approximately $13.0 million.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9bfb7dc19b844cb59e00bcf087eb72af">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 5.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Interest in Securities of the Issuer.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8021917f38304e48afdf6836370fb385">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(a)</td>
          <td style="width: auto; vertical-align: top;">
            <div>The information set forth in rows 11 and 13 of the cover pages to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on (i) 16,450,507 outstanding shares of Common Stock as of March 28, 2023, in
              reliance on the representation made by the Issuer in the Series A Purchase Agreement, plus (ii) 1,476,855 shares of Common Stock issuable upon conversion or redemption of 13,336 shares of Series A Preferred Stock issued to Master Fund.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 8%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="text-align: right;">Page <font class="BRPFPageNumber">5</font> of 7 <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb7144e090cab4342a045a26e28d88ca4">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(b)</td>
          <td style="width: auto; vertical-align: top;">
            <div>The information set forth in rows 7 through 10 of the cover pages to this Schedule 13D is incorporated by reference.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaab9acf40f6547b4971c97ad68a605d6">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(c)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Except as set forth herein, no transactions in the Common Stock were effected during the past sixty days by any Reporting Person.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6b1b7ec4e04740138bf5a810639bb41e">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(d)</td>
          <td style="width: auto; vertical-align: top;">
            <div>No person (other than the Reporting Persons) is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock subject to this Schedule 13D.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z13f0544f96694b13ac2dbab8bd019924">

        <tr>
          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">(e)</td>
          <td style="width: auto; vertical-align: top;">
            <div>Not applicable.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z64e9361fdd90421bb28596b5088730ff">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 6.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div>Item 6 is hereby amended by adding the following to the description of the Warrant Agreement:</div>
    <div>&#160;</div>
    <div>The Warrants owned directly by Master Fund expired on October 8, 2022 in accordance with the terms of the Warrant Agreement.</div>
    <div>&#160;</div>
    <div>Item 6 is hereby further amended by adding the following:</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Purchase Agreement</div>
    <div>&#160;</div>
    <div>On March 28, 2023, the Issuer, Master Fund and the other purchasers party thereto entered into the Series A Purchase Agreement, pursuant to which Master Fund purchased 13,336 shares of Series A Preferred Stock for approximately $13.0 million. The
      Series A Purchase Agreement also provides, among other things, that the affirmative vote or prior written consent of the purchasers of Series A Preferred Shares holding at least two-thirds (66 &#8532;%) of the shares held by such purchasers must be
      obtained prior to the entry by Issuer into any transaction that is expected to result in a change of control, unless each holder of outstanding shares of Series A Preferred Stock is given the option to receive a cash payment per share equal to the
      then applicable Redemption Price (as defined in the Certificate of Designations).</div>
    <div>&#160;</div>
    <div>The foregoing description of the Series A Purchase Agreement is qualified in its entirety by reference to the full text of the Series A Purchase Agreement, a copy of which is attached as Exhibit 4 to this Amendment No. 2 and incorporated by
      reference herein.</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Certificate of Designations</div>
    <div>&#160;</div>
    <div>Subject to the terms and conditions of the Series A Certificate of Designations the Issuer filed with the Delaware Secretary of State on March 24, 2023 (the &#8220;Series A Certificate of Designations&#8221;), all or any portion of the shares of Series A
      Preferred Stock may be converted into Common Stock at any time based on the then-applicable liquidation preference (as determined in accordance with the Series A Certificate of Designations) divided by the applicable conversion price (the &#8220;Conversion
      Ratio&#8221;). The ordinary conversion price of the Series A Preferred Stock is $9.03 per share and is subject to adjustment for stock splits, combinations, certain distributions or similar events.</div>
    <div>&#160;</div>
    <div>Subject to the terms and conditions of the Series A Certificate of Designations, if based on the Issuer&#8217;s financial statements for any fiscal quarter and a reserve report as of the same date, as of such date: (x) the PDP PV-20 value (as determined
      in accordance with the Series A Certificate of Designations) divided by (y) the number of outstanding shares of Common Stock, calculated on a fully diluted basis is equal to or exceeds 130% of the Conversion Price, then the Issuer may, from time to
      time until such time that the foregoing conditions are no longer satisfied or a Material Adverse Effect (as defined in the Series A Purchase Agreement) has occurred since the date of the most financial statements that met the foregoing conditions,
      cause the conversion of all or any portion of the Series A Preferred Shares into Common Stock using the then-applicable Conversion Ratio. The Series A Preferred Shares are also subject to redemption by the Issuer at any time following the closing
      date of the issuance of shares of Series A Preferred Stock in accordance with the terms of the Series A Certificate of Designations. In the event of a change of control transaction, the Series A Preferred Shares are subject to redemption or
      conversion in accordance with the terms of the Series A Certificate of Designations.</div>
    <div>&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 8%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="text-align: right;">Page <font class="BRPFPageNumber">6</font> of 7 <br>
                </div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div>This summary is qualified in its entirety by reference to the full text of the Series A Certificate of Designations, a copy of which is attached as Exhibit 3 to this Amendment No. 2 and incorporated by reference herein.</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Amendment No. 1 to Registration Rights Agreement</div>
    <div>&#160;</div>
    <div>Concurrently with the closing of transactions contemplated by the Series A Purchase Agreement, Master Fund entered into Amendment No. 1 (to the Registration Rights Agreement, dated October 8, 2019 the &#8220;RRA Amendment&#8221;) with the Issuer and certain
      other stockholders of the Issuer listed on the signature pages thereto. The RRA Amendment, among other things amended the definition of Registrable Securities to include the shares of Common Stock issuable upon conversion or redemption of the Series
      A Preferred Shares.</div>
    <div>&#160;</div>
    <div>This summary is qualified in its entirety by reference to the full text of the RRA Amendment, a copy of which is attached as Exhibit 5 to this Amendment No. 2 and incorporated by reference herein, and the Registration Rights Agreement, a copy of
      which is included as Exhibit 5 to this Amendment No. 2 and is incorporated by reference herein.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4f94de4582b240aeba405983fdd9dedb">

        <tr>
          <td style="width: 54pt; vertical-align: top; font-weight: bold;">Item 7.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-weight: bold;">Material to Be Filed as Exhibits</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zbad16f11e13e40f889ee2dc928dd515b">

        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div>Exhibit 1</div>
          </td>
          <td style="width: 88%; vertical-align: bottom;">
            <div>Joint Filing Agreement dated October 21, 2019 (incorporated by reference to Exhibit 1 to the Schedule 13D filed by the Reporting Persons with the SEC on October 22, 2019).</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div><a href="brhc10050679_ex99-2.htm">Exhibit 2</a></div>
          </td>
          <td style="width: 88%; vertical-align: bottom;">
            <div>Amendment No. 1 to the Registration Rights Agreement, dated March 28, 2023, by and among the Issuer and the holders named therein.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div><a href="brhc10050679_ex99-3.htm">Exhibit 3</a></div>
          </td>
          <td style="width: 88%; vertical-align: bottom;">
            <div>Certificate of Designations, dated March 24, 2023, of the Issuer.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div><a href="brhc10050679_ex99-4.htm">Exhibit 4</a></div>
          </td>
          <td style="width: 88%; vertical-align: bottom;">
            <div>Purchase Agreement, dated March 28, 2023, by and among the Issuer, Master Fund and the other parties thereto.</div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 12%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 88%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 12%; vertical-align: top;">
            <div>Exhibit 5</div>
          </td>
          <td style="width: 88%; vertical-align: bottom;">
            <div>Registration Rights Agreement (incorporated by reference to Exhibit 10.3 of the Issuer&#8217;s Current Report on Form 8-K, filed on October 8, 2019).</div>
          </td>
        </tr>

    </table>
    <div><br>
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              <td style="width: 16%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="font-weight: bold;">CUSIP No. 40537Q803</div>
              </td>
              <td style="width: 17%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 34%; vertical-align: bottom; padding-bottom: 2px;">
                <div style="text-align: center; font-weight: bold;">SCHEDULE 13D</div>
              </td>
              <td style="width: 25%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              <td style="width: 8%; vertical-align: bottom; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                <div style="text-align: right;">Page <font class="BRPFPageNumber">7</font> of 7 <br>
                </div>
              </td>
            </tr>

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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div>&#160;</div>
    <div style="text-indent: 18pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div>&#160;</div>
    <div>Dated: March 30, 2023</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="font-weight: bold;">LUMINUS MANAGEMENT, LLC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">
            <div>By:</div>
          </td>
          <td style="width: 49%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div>/s/ Jonathan Barrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">
            <div>Name:</div>
          </td>
          <td style="width: 49%; vertical-align: bottom;">
            <div>Jonathan Barrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">
            <div>Title:</div>
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          <td style="width: 49%; vertical-align: bottom;">
            <div>President</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div style="font-weight: bold;">LUMINUS ENERGY PARTNERS MASTER FUND, LTD.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">
            <div>By:</div>
          </td>
          <td style="width: 49%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div>/s/ Jonathan Barrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">
            <div>Name:</div>
          </td>
          <td style="width: 49%; vertical-align: bottom;">
            <div>Jonathan Barrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">
            <div>Title:</div>
          </td>
          <td style="width: 49%; vertical-align: bottom;">
            <div>Director</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td style="width: 6%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: 2px solid black;">
            <div>/s/ Jonathan Barrett</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.55%; vertical-align: bottom;">&#160;</td>
          <td colspan="2" style="vertical-align: bottom;">
            <div>JONATHAN BARRETT</div>
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    <div>&#160;</div>
    <div><br>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>2
<FILENAME>brhc10050679_ex99-2.htm
<DESCRIPTION>EXHIBIT 2
<TEXT>
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    <div style="text-align: right; font-weight: bold;">Exhibit 2</div>
    <div>&#160;</div>
    <div style="text-align: right; font-weight: bold;">EXECUTION VERSION</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">THIS FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT (this &#8220;<font style="font-weight: bold;">Amendment</font>&#8221;) is made as of March 28, 2023, between Battalion Oil Corporation (formerly known as
      Halc&#243;n Resources Corporation), a Delaware corporation (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;), and each of the parties identified on the signatures pages hereto.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;"><u>RECITALS</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Company and the Investors previously entered into that certain Registration
        Rights Agreement (the &#8220;<font style="font-weight: bold;">Agreement</font>&#8221;), dated as of October 8, 2019;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the Parties to the Agreement desire to further amend the Agreement as set forth in
        this Amendment;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, pursuant to Section 10 of the Agreement, any provision of the Agreement may be
        amended only by a written instrument signed by the Company and the Required Holders;</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, the parties identified on the signature pages hereto represent the Required Holders;
        and</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">WHEREAS</font><font style="font-size: 10pt;">, capitalized terms used in this Amendment and not otherwise defined herein shall have
        the meanings given to such terms in the Agreement.</font></div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;"><u>AGREEMENT</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">NOW, THEREFORE</font><font style="font-size: 10pt;">, the parties hereby agree as follows:</font></div>
    <div>&#160;</div>
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          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>The definitions of &#8220;Business Day&#8221;, &#8220;Eligible Market&#8221; and &#8220;Registrable Securities&#8221; in Section 1 of the Agreement is hereby amended and restated in their entirety to read as follows:</div>
          </td>
        </tr>

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    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Business Day</font>&#8221; means any day other than Saturday, Sunday or any other day on which either commercial banks in the City of New York are authorized or required
      by Law to remain closed or the NYSE American, LLC is not open for a full business day.</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Eligible Market</font>&#8221; means The New York Stock Exchange, The NYSE American, LLC, The NASDAQ Global Select, or The NASDAQ Global Market.</div>
    <div>&#160;</div>
    <div style="margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Registrable Securities</font>&#8221; means (i) any shares of Common Stock, whether now owned or hereafter acquired by the Investors (including shares of Common Stock issued pursuant to the
      Plan), (ii) the shares of Common Stock issued or issuable upon conversion or redemption of the Series A Preferred Stock now owned or hereafter acquired by the Investors in accordance with the terms of the Certificate of Designations and (iii) any
      shares of capital stock of the Company issued or issuable with respect to the Common Stock described in clause (i) and (ii), as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise; provided, that any
      Registrable Securities beneficially owned by an Investor shall cease to be Registrable Securities to the extent such securities may be sold pursuant to Rule 144 (or any similar provisions in force) without volume or manner of sale limitations.</div>
    <div>&#160;</div>
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          <td style="width: 18pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 1 of the Agreement is hereby amended to add the following definitions:</div>
          </td>
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    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Certificate of Designations</font>&#8221; means the certificate of designations setting forth the terms of the Series A Preferred Stock.</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;<font style="font-weight: bold;">Series A Preferred Stock</font>&#8221; means the Series A Redeemable Convertible Preferred Stock of the Company and having the rights and obligations specified in the
      Certificate of Designations.</div>
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          <td style="width: 18pt; vertical-align: top;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 2(a) of the Agreement is hereby amended to insert &#8220;New Registration Statement or a&#8221; before the words &#8220;post-effective amendment&#8221; in the final sentence thereof.</div>
          </td>
        </tr>

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    <div>&#160;</div>
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          <td style="width: 18pt; vertical-align: top;">4.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 2(b) of the Agreement is hereby amended and restated in its entirety to read as follows:</div>
          </td>
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    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;<u>Legal Counsel</u>.&#160; Subject to Section 5 hereof, the Required Holders shall have the right to select one legal counsel to review and oversee any registration pursuant to this Section 2 (&#8220;<font style="font-weight: bold;">Legal Counsel</font>&#8221;), which shall be Vinson &amp; Elkins L.L.P. or such other counsel as thereafter designated by the Required Holders.&#160; The Company and Legal Counsel shall reasonably cooperate with each other in
      performing the Company&#8217;s obligations under this Agreement. For the avoidance of doubt, the Company shall be entitled to select separate legal counsel to represent the Company in connection with fulfilling its obligations under this Agreement.&#8221;</div>
    <div>&#160;</div>
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          <td style="width: 18pt; vertical-align: top;">5.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 2(d) of the Agreement is hereby amended and restated in its entirety to read as follows:</div>
          </td>
        </tr>

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    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;(d)&#160;&#160;&#160;&#160;&#160; <u>Termination of Exchange Act Registration</u>.&#160; Notwithstanding anything to the contrary in this Agreement, if the Company expects that it may suspend or terminate its reporting
      obligations under Section 12(b), 12(g) and 15(d) of the Exchange Act, as applicable, and determines that withdrawing the Registration Statements is necessary or appropriate in anticipation of such suspension or termination, the Company and the
      Investors shall not be required to comply with their respective obligations under this Agreement and, for the avoidance of doubt, the Company shall not be required to file or maintain the effectiveness of any Registration Statements filed under this
      Agreement or perform any Registration Actions (as defined below) and may withdraw any such Registration Statements in accordance with SEC Guidance; provided, that, in such event, the Company shall thereupon use its commercially reasonable best
      efforts to enter into a New Registration Rights Agreement with the Investors holding Registrable Securities at such time; provided further, that if the Company ultimately determines not to suspend or terminate such reporting obligations, it will,
      promptly upon request of any holder of any Registrable Securities, prepare and file a Registration Statement hereunder.&#8221;</div>
    <div>&#160;</div>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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          <td style="width: 18pt; vertical-align: top;">6.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 2(e)(ii) of the Agreement is hereby amended and restated in its entirety to read as follows:</div>
          </td>
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    <div>&#160;</div>
    <div style="text-align: justify; margin-left: 36pt;">&#8220;(ii)&#160; &#160; &#160; In an Underwritten Offering, if the lead managing underwriter advises the Company and the Underwritten Offering Requesting Holder that, in its view, the number of Registrable Securities
      and other securities requested to be included in such Underwritten Offering (including any securities that the Company proposes to be included that are not Registrable Securities) exceeds the number of Registrable Securities and other securities that
      may be sold without having a material and adverse effect on such Underwritten Offering (the &#8220;<font style="font-weight: bold;">Maximum Offering Size</font>&#8221;), the Company shall include in such Underwritten Offering the following securities, in the
      priority listed below, up to the Maximum Offering Size:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(A)&#160;&#160;&#160;&#160;&#160; first, Shelf Registered Securities that are requested to be included in such Underwritten Offering by the Underwritten Offering Requesting Holder(s) and Investors other
      than the Underwritten Offering Requesting Holder(s), pro rata based on the number of Shelf Registered Securities proposed to be included by each; and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;">(B)&#160;&#160;&#160;&#160;&#160; thereafter, all securities that are registered on the applicable Registration Statement and are requested to be included in such Underwritten Offering by the Company
      (including securities to be included pursuant to other applicable registration rights agreements or provisions).&#8221;</div>
    <div>&#160;</div>
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          </td>
          <td style="width: 18pt; vertical-align: top;">7.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 11(d) of the Agreement is hereby amended to replace the copy address for the Investors with the following:</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="margin-left: 36pt;">&#8220;Vinson &amp; Elkins L.L.P.</div>
    <div style="margin-left: 36pt;">Texas Tower</div>
    <div style="margin-left: 36pt;">845 Texas Avenue</div>
    <div style="margin-left: 36pt;">Suite 4700</div>
    <div style="margin-left: 36pt;">Houston, Texas 77002</div>
    <div style="margin-left: 36pt;">Attention: Crosby W. Scofield; E. Ramey Layne</div>
    <div style="margin-left: 36pt;">E-mail address: cscofield@velaw.com; rlayne@velaw.com&#8221;</div>
    <div>&#160;</div>
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          </td>
          <td style="width: 18pt; vertical-align: top;">8.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Except as expressly amended hereby, the Agreement shall remain in full force and effect in accordance with the provisions thereof.</div>
          </td>
        </tr>

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    <div>&#160;</div>
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          </td>
          <td style="width: 18pt; vertical-align: top;">9.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>After giving effect to this Amendment, each reference in the Agreement to &#8220;this Agreement,&#8221; &#8220;the Agreement,&#8221; &#8220;hereof,&#8221; &#8220;hereunder,&#8221; &#8220;herein,&#8221; &#8220;hereby&#8221; or words of like import referring to the Agreement shall refer to the Agreement, as
              amended by this Amendment, and each reference in the Seller Disclosure Schedules to the Agreement to the &#8220;Agreement&#8221; shall refer to the Agreement as amended by this Amendment.</div>
          </td>
        </tr>

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    <div>&#160;</div>
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          <td style="width: 18pt;"><br>
          </td>
          <td style="width: 18pt; vertical-align: top;">10.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Section 11 of the Agreement shall apply to this Amendment, <font style="font-style: italic;">mutatis mutandis</font>.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
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          </td>
          <td style="width: 18pt; vertical-align: top;">11.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>This Amendment may be executed in counterparts (including by facsimile or other electronic transmission), each of which shall be deemed an original and each of which shall constitute one and the same instrument.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: center; font-style: italic; font-weight: bold;">[Signature pages follow]</div>
    <div>&#160;</div>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">IN WITNESS WHEREOF</font><font style="font-size: 10pt;">, the parties to this Amendment have executed this Amendment as of the date
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    <div>&#160;</div>
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            <div>Managing Director</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div>Allen Li</div>
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          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div>By: Oaktree Fund GP I, L.P., its Managing Member</div>
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          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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            <div>By:</div>
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            <div>/s/ Allen Li</div>
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            <div>Name:</div>
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            <div>Allen Li</div>
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            <div>Title:</div>
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            <div>Authorized Signatory</div>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: bottom;">
            <div>By:</div>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Jordan Mikes</div>
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            <div>Name:</div>
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          <td style="width: 45%; vertical-align: top;">
            <div>Jordan Mikes</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div>Title:</div>
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          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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            <div>/s/ Jordan Mikes</div>
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            <div>Name:</div>
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            <div>Jordan Mikes</div>
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            <div>Managing Director</div>
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            <div>/s/ Allen Li</div>
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          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
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          <td style="width: 45%; vertical-align: top;">
            <div>Allen Li</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div>Title:</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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          <td colspan="2" style="vertical-align: top;">&#160;</td>
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            <div>/s/ Jeff Wade</div>
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            <div>Name:</div>
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            <div>Jeff Wade</div>
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            <div>Title:</div>
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            <div>Chief Compliance Officer</div>
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    </table>
    <div><br>
    </div>
    <div><br>
      <div style="text-align: center; font-style: italic; font-size: 8pt;">Signature Page to</div>
      <div style="text-align: center; font-style: italic; font-size: 8pt;">First Amendment to Registration Rights Agreement</div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>3
<FILENAME>brhc10050679_ex99-3.htm
<DESCRIPTION>EXHIBIT 3
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 3</font><br>
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  <div><br>
  </div>
  <div>
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    <div style="text-align: center; font-weight: bold;"> <br>
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    <div style="text-align: center; font-weight: bold;">BATTALION OIL CORPORATION</div>
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    </div>
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      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
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    <div style="text-align: center; font-weight: bold;">CERTIFICATE OF DESIGNATIONS</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section 151 of the General</div>
    <div style="text-align: center; font-weight: bold;">Corporation Law of the State of Delaware</div>
    <div><br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">SERIES A REDEEMABLE CONVERTIBLE PREFERRED STOCK</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">(Par Value $0.0001 Per Share)</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Battalion Oil Corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Corporation</font>&#8221;), a corporation organized and existing under and by virtue of the provisions of the General
      Corporation Law of the State of Delaware (the &#8220;<font style="font-weight: bold; font-style: italic;">General Corporation Law</font>&#8221;), hereby certifies that, pursuant to the authority expressly granted to and vested in the Board of Directors of the
      Corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Board of Directors</font>&#8221;) by the Amended and Restated Certificate of Incorporation of the Corporation (as amended from time to time in accordance with its terms and the General
      Corporation Law, the &#8220;<font style="font-weight: bold; font-style: italic;">Certificate of Incorporation</font>&#8221;), which authorizes the Board of Directors to issue shares of the preferred stock of the Corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Preferred Stock</font>&#8221;), in one or more series of Preferred Stock and to fix for each such series such voting powers, full or limited, and such designations, preferences and relative, participating, optional, or other special
      rights and such qualifications, limitations or restrictions thereof, and in accordance with the provisions of Section 151 of the General Corporation Law, the Board of Directors duly adopted on March 23, 2023 the following resolution:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">RESOLVED, that the rights, powers and preferences, and the qualifications, limitations and restrictions, of the Series A Preferred Stock as set forth in this Certificate of Designations are hereby
      approved and adopted by the Board of Directors and Series A Preferred Stock is hereby authorized out of the Corporation&#8217;s authorized preferred stock, par value $0.0001 per share; and the form, terms and provisions of this Certificate of Designations
      are hereby approved, adopted, ratified and confirmed in all respects as follows:</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">1.</td>
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        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; The shares of such series shall be designated the Series A Redeemable Convertible Preferred Stock (hereinafter referred to as the &#8220;<font style="font-weight: bold; font-style: italic;">Series A Preferred Stock</font>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each share of Series A Preferred Stock shall be identical in all respects with the other shares of Series A Preferred Stock.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The authorized number of shares of Series A Preferred Stock shall initially be twenty-five thousand (25,000), which number may from time to time
      be increased or decreased by resolution of the Board of Directors as permitted by the General Corporation Law.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <!--PROfilePageNumberReset%Num%2%%%-->
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; For purposes of this Certificate of Designations, &#8220;<font style="font-weight: bold; font-style: italic;">Capital Stock</font>&#8221; of any Person means
      any and all shares, interests, participations or other equivalents however designated of corporate stock or other equity participations, including partnership interests, whether general or limited, of such Person and any rights (other than debt
      securities convertible or exchangeable into an equity interest), warrants or options to acquire an equity interest in such Person. The Series A Preferred Stock shall, with respect to dividend rights and rights upon a liquidation, winding-up or
      dissolution of the Corporation, rank:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;senior to the Common Stock, par value $0.0001 per share, of the Corporation (&#8220;<font style="font-weight: bold; font-style: italic;">Common Stock</font>&#8221;), and any other class or series of Capital Stock of the Corporation, the terms of which do not expressly provide that such class or series ranks senior to or on a parity with the Series A Preferred Stock with respect
      to dividend rights or rights upon a liquidation, winding-up or dissolution of the Corporation (collectively, together with any warrants, rights, calls or options exercisable for or convertible into such Capital Stock, the &#8220;<font style="font-weight: bold; font-style: italic;">Junior Stock</font>&#8221;);</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; on a parity with any class or series of Capital Stock of the Corporation, the terms of which provide that such class or
      series ranks on a parity with the Series A Preferred Stock with respect to dividend rights or rights upon a liquidation, winding-up or dissolution of the Corporation (such Capital Stock, together with any warrants, rights, calls or options
      exercisable for or convertible into such Capital Stock, the &#8220;<font style="font-weight: bold; font-style: italic;">Parity Stock</font>&#8221;); and</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; junior to any class or series of Capital Stock of the Corporation (other than Common Stock), the terms of which expressly
      provide that such class or series ranks senior to the Series A Preferred Stock with respect to dividend rights or rights upon a liquidation, winding-up or dissolution of the Corporation (collectively, together with any warrants, rights, calls or
      options exercisable for or convertible into such Capital Stock, the &#8220;<font style="font-weight: bold; font-style: italic;">Senior Stock</font>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For purposes of this Certificate of Designations, the following terms have meanings set forth in the Section indicated:</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 73.16%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="text-align: justify; font-weight: bold;">Term</div>
            </div>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;" colspan="1"><br>
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          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="text-align: justify; font-weight: bold;">Section</div>
            </div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">30 Day Date</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(c)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Board of Directors</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Preamble</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Business Day</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 4(b)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Capital Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 1(d)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Certificate of Incorporation</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Preamble</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Change of Control</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 8(b)(iv)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">CoC Conversion Consideration</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(b)(ii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Common Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 1(d)(i)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Conversion Notice</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 7(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Conversion Price</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Conversion Ratio</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 7(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Corporation</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Preamble</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Corporation Event</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 7(f)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Debt</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(b)(ii)</div>
          </td>
        </tr>

    </table>
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        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Dividend Payment Date</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 2(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Dividend Period</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 2(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">General Corporation Law</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Preamble</div>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z944703bb3cd94f9c87278cfaa29087da" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 73.16%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-weight: bold;">Term</div>
          </td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: justify; font-weight: bold;">Section</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Holder</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 3(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Issuance Date</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 2(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Issuer Conversion Notice</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 7(b)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Junior Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 1(d)(i)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Liquidation</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 3(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Liquidation Distribution</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 3(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Liquidation Preference</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 3(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Mandatory CoC Redemption Offer</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 8(b)(ii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Mandatory Conversion Conditions</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 7(b)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Material Adverse Effect</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(b)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Maturity Date</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(b)(vii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">NYMEX Prices</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(b)(v)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">NYSE American Issuance Limitation</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 9(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Optional CoC Conversion</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 8(b)(iii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Optional CoC Redemption Offer</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(b)(iii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Optional Holder Conversion</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Parity Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 1(d)(ii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">PDP PV-20</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(b)(i)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Permitted Holder</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(b)(iv)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Person</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 8(b)(ix)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Preferred Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Preamble</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Proved Developed Producing Reserves</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 7(b)(iv)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Purchase Agreement</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 5(b)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Redemption Notice</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 8(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Redemption Price</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Schedule 14C Action</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 9(c)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">SEC</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 9(c)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Senior Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 1(d)(iii)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Series A Dividend</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 2(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Series A Dividend Rate</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 2(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Series A Preferred Stock</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 1(a)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Stockholder Approval</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 9(b)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Subject Transaction</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 9(d)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Term Loan Credit Agreement</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 8(b)(vi)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Term Loan Restricted Period</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 8(b)(v)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top;">
            <div style="text-align: justify;">Unpaid Dividend Accrual</div>
          </td>
          <td style="width: 2%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top;">
            <div style="text-align: justify;">Section 2(d)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 73.16%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Working Capital Adjustments</div>
          </td>
          <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
          <td style="width: 25%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Section 7(b)(iii)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
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        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Dividends.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Holders of Series A Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors, and the Corporation shall
      pay, out of funds lawfully available therefor, cumulative dividends at the rate per share of Series A Preferred Stock equal to the Series A Dividend Rate (the &#8220;<font style="font-weight: bold; font-style: italic;">Series A Dividend</font>&#8221;). The &#8220;<font style="font-weight: bold; font-style: italic;">Series A Dividend Rate</font>&#8221; shall mean fourteen and one-half percent (14.50%) per annum on the then-applicable Liquidation Preference (as defined herein). The period from the closing date of the
      issuance of the shares of Series A Preferred Stock (the &#8220;<font style="font-weight: bold; font-style: italic;">Issuance Date</font>&#8221;) to and including June 30, 2023, and each period from but excluding a Dividend Payment Date to and including the
      following Dividend Payment Date is herein referred to as a &#8220;<font style="font-weight: bold; font-style: italic;">Dividend Period</font>.&#8221; &#8220;<font style="font-weight: bold; font-style: italic;">Dividend Payment Date</font>&#8221; shall mean March 31, June
      30, September 30 and December 31 of each year, commencing on June 30, 2023.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Series A Dividends shall be payable quarterly in arrears at the Series A Dividend Rate and shall compound quarterly and accumulate, whether or
      not earned or declared, from the most recent date on which dividends have been paid, or, if no dividends have been paid, from the Issuance Date (subject, in each case, to the Unpaid Dividend Accrual).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If a Series A Dividend is declared by the Board of Directors, then such Series A Dividend shall be paid in cash. The Board of Directors shall
      not be required to declare any Series A Dividends, and any declaration of a Series A Dividend shall be solely at the discretion of the Board of Directors of the Corporation.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; If a Series A Dividend is not declared and paid in cash on a Dividend Payment Date, then in full discharge of such Series A Dividend for such
      Dividend Period, the Liquidation Preference of each outstanding share of Series A Preferred Stock, regardless of its date of issue, shall automatically increase on such Dividend Payment Date by an amount equal to sixteen percent (16.00%) per annum
      multiplied by the Liquidation Preference in effect immediately after the immediately prior Dividend Payment Date (or the Issuance Date in respect of the first Dividend Period) (such automatic increase, the &#8220;<font style="font-weight: bold; font-style: italic;">Unpaid Dividend Accrual</font>&#8221;), which, for the avoidance of doubt, will be pro-rated for the period of time elapsed during such Dividend Period. Notwithstanding anything to the contrary herein, any portion of the Unpaid Dividend Accrual
      that increased the Liquidation Preference during any historical Dividend Period can be paid by the Corporation in cash, out of funds lawfully available therefor, at any time as and if declared by the Board of Directors; provided that, after any such
      payment, the Liquidation Preference shall automatically decrease by the amount of such payment.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All cash dividends paid or declared for payment on a Dividend Payment Date with respect to the Series A Preferred Stock and the Parity Stock
      shall be shared <font style="font-style: italic;">pro rata</font> based on the then-current dividends due on shares of Series A Preferred Stock and (i) in the case of any series of non-cumulative Parity Stock, the aggregate of the current and unpaid
      dividends due on such series of Parity Stock, and (ii) in the case of any series of cumulative Parity Stock, the aggregate of the current and accumulated and unpaid dividends due on such series of Parity Stock.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Holders of Series A Preferred Stock shall fully participate, on an as-converted basis, in any dividends declared and paid or distributions on
      Common Stock as if the Series A Preferred Stock were converted into shares of Common Stock as of the record date for such dividend or distribution, at the Conversion Ratio in effect on such record date.</div>
    <div>&#160;</div>
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      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">4</font></div>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
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        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Liquidation.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160; Prior to conversion pursuant to <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7</u></font>, in the event of a liquidation (complete or
      partial), dissolution or winding up of the affairs of the Corporation, whether voluntary or involuntary (a &#8220;<font style="font-weight: bold; font-style: italic;">Liquidation</font>&#8221;), after payment or provision for payment of the debts and other
      liabilities of the Corporation, the holders of Series A Preferred Stock (each, a &#8220;<font style="font-weight: bold; font-style: italic;">Holder</font>&#8221;) shall be entitled to receive, in respect of any shares of Series A Preferred Stock held by them,
      out of assets of the Corporation available for distribution to stockholders of the Corporation or their assignees, and subject to the rights of any outstanding shares of Senior Stock and before any amount shall be distributed to the holders of Junior
      Stock, a liquidating distribution (the &#8220;<font style="font-weight: bold; font-style: italic;">Liquidation Distribution</font>&#8221;) in an amount equal to the greater of (i) the then-applicable Liquidation Preference, including, for the avoidance of doubt,
      any adjustment for any Unpaid Dividend Accrual (or payment thereof), and (ii) the amount such Holder would have been entitled to receive had such Holder converted its shares of Series A Preferred Stock into shares of Common Stock at the
      then-applicable Conversion Ratio immediately prior to such Liquidation. The &#8220;<font style="font-weight: bold; font-style: italic;">Liquidation Preference</font>&#8221; shall equal $1,000 per share of Series A Preferred Stock, which amount shall be adjusted
      as the result of any Unpaid Dividend Accrual (or payment thereof), and as otherwise set forth herein. In addition, in connection with any conversion or redemption of the Series A Preferred Stock, the Liquidation Preference shall be adjusted to
      include all accrued and unpaid dividends (at the Series A Dividend Rate) between the immediately prior Dividend Payment Date (or the Issuance Date with respect to the first Dividend Period) and the date immediately prior to the effective date of such
      conversion or redemption. If, upon a Liquidation, the assets of the Corporation, or proceeds thereof, distributable among the holders of the then outstanding shares of Series A Preferred Stock and the holders of any shares of Parity Stock ranking on
      a parity with the Series A Preferred Stock with respect to any distribution of assets upon Liquidation are insufficient to pay in full the amount of all such Liquidation Preference payable with respect to the Series A Preferred Stock and any such
      Parity Stock, then the holders of Series A Preferred Stock and such Parity Stock shall share ratably in any distribution of assets in proportion to the full respective preferential amounts to which they are entitled.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Corporation shall provide the Holders appearing on the stock books of the Corporation as of the date of such notice at the address of said
      Holder shown therein with written notice of (i) any voluntary Liquidation promptly after such Liquidation has been approved by the Board of Directors and at least five (5) days prior to the effective date of such Liquidation and (ii) any involuntary
      Liquidation promptly upon the Corporation becoming aware of any instituted proceeding in respect thereof. Such notice shall state a distribution or payment date, the amount of the Liquidation Preference and the place where the Liquidation Preference
      shall be distributable or payable.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;After the payment in cash or proceeds to the Holders of the full amount of the Liquidation Distribution with respect to outstanding shares of
      Series A Preferred Stock, the Holders shall have no right or claim, based on their ownership of shares of Series A Preferred Stock, to the remaining assets of the Corporation, if any. Whenever any such distribution shall be paid in property other
      than cash, the value of such distribution shall be the fair market value of such property as determined in the good faith reasonable discretion of the Board of Directors or liquidating trustee, as the case may be.</div>
    <div>&#160;</div>
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        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">4.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Voting.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>General</u>. Except as otherwise required by the General Corporation Law, other applicable law, the Certificate of Incorporation, or this
      Certificate of Designations, Holders shall not be entitled to any vote on matters submitted to the Corporation&#8217;s stockholders for approval. In any case in which the Holders shall be entitled to vote pursuant to the General Corporation Law, other
      applicable law, the Certificate of Incorporation, or this Certificate of Designations, each Holder entitled to vote with respect to such matter shall be entitled to one vote per share of Series A Preferred Stock.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">5</font></div>
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        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
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      Incorporation, or this Certificate of Designations, for so long as any of the shares of Series A Preferred Stock shall remain outstanding, the Corporation shall not, either directly or indirectly by amendment, merger, consolidation or otherwise, take
      any of the following actions, including whether by merger, consolidation or otherwise, without (in addition to any other vote required by the General Corporation Law, other applicable law, the Certificate of Incorporation, or this Certificate of
      Designations), the written consent or affirmative vote of the holders of at least two-thirds (66 &#8532;%) of the then outstanding shares of Series A Preferred Stock voting as a separate class to:</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;authorize, create, or increase the authorized amount of, or issue any class or series of Senior Stock, or reclassify or amend
      the provisions of any existing class of securities of the Corporation into shares of Senior Stock;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; authorize, create or issue any stock or debt instrument or other obligation that is convertible or exchangeable into shares
      of its Senior Stock (or that is accompanied by options or warrants to purchase such Senior Stock);</div>
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    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; amend, alter or repeal any provision of the Certificate of Incorporation or this Certificate of Designations, in either case,
      in a manner that materially adversely affects the special rights, preferences, privileges or voting powers of the Series A Preferred Stock;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; declare or pay any dividends or other distributions in cash or property with respect to its Common Stock or other Junior
      Stock;</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;redeem, repurchase or acquire shares of its Common Stock or other Junior Stock (other than with respect to customary
      repurchase rights or tax withholding arrangements with respect to equity awards or benefit plans); or</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(vi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; redeem, repurchase, recapitalize or acquire shares of its Parity Stock other than (A) pro rata offers to purchase all, or a
      pro rata portion, of the Series A Preferred Stock and such Parity Stock, (B) as a result of a reclassification of Parity Stock for or into other Parity Stock or Junior Stock, (C) the exchange or conversion of Parity Stock for or into other Parity
      Stock or Junior Stock or (D) the purchase of fractional interests in shares of Parity Stock pursuant to the conversion or exchange provisions of such Parity Stock or the security being converted or exchanged.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">6</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify;">If the Corporation shall propose to take any action enumerated above in clauses (i) through (vi) of this <u>Section 4(b)</u> then, and in each such case, the Corporation shall give notice of such proposed action to
      each Holder of record appearing on the stock books of the Corporation as of the date of such notice at the address of said Holder shown therein. Such notice shall specify, inter alia (x) the proposed effective date of such action; (y) the date on
      which a record is to be taken for the purposes of such action, if applicable; and (z) the other material terms of such action. Such notice shall be given at least two Business Days prior to the applicable date or effective date specified above. For
      the purposes of this Certificate of Designations, &#8220;<font style="font-weight: bold; font-style: italic;">Business Day</font>&#8221; shall mean each day that is not a Saturday, Sunday or other day on which banking institutions in Houston, Texas or New York,
      New York are authorized or required by law to close. If at any time the Corporation shall cancel any of the proposed actions for which notice has been given under this <u>Section 4(b)</u> prior to the consummation thereof, the Corporation shall give
      prompt notice of such cancellation to each holder of record of the shares of Series A Preferred Stock appearing on the stock books of the Corporation as of the date of such notice at the address of said Holder shown therein. For the avoidance of
      doubt, if a holder of record of shares of Series A Preferred Stock does not respond to the aforementioned notice, such non-response shall in no way be deemed to constitute the written consent or affirmative vote of such Holder regarding any of the
      aforementioned actions in this <u>Section 4(b)</u> or described within such notice.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="za624bcbab7f142f4aa85c22bc98cfe59" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">5.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Reservation of Common Stock.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160; &#160; &#160; At any time that any Series A Preferred Stock is outstanding, the Corporation shall from time to time take all lawful action within its control
      to cause the authorized Capital Stock of the Corporation to include a number of authorized but unissued shares of Common Stock equal to the Conversion Ratio multiplied by the number of shares of outstanding Series A Preferred Stock.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160; &#160; &#160; If (i) the Common Stock is listed on a national securities exchange and (ii) any shares of Common Stock to be reserved for the purpose of
      conversion of the Series A Preferred Stock require registration or listing with or approval of any governmental authority, stock exchange or other regulatory body under any federal or state law or regulation or otherwise before such shares may be
      validly issued or delivered upon conversion, then the Corporation shall, at its sole cost and expense, in good faith and as expeditiously as possible, subject to Section 5.02 (Information Statement) of the Purchase Agreement, dated as of March 24,
      2023, among the Corporation and the initial Holders (the &#8220;<font style="font-weight: bold; font-style: italic;">Purchase Agreement</font>&#8221;), endeavor to secure such registration, listing or approval, as the case may be.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z211940c2df7242edac5f3256898dd51d" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">6.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Uncertificated Shares</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify;">The shares of Series A Preferred Stock shall be in uncertificated, book-entry form as permitted by the Seventh Amended and Restated Bylaws of the Corporation (the &#8220;<font style="font-weight: bold; font-style: italic;">Bylaws</font>&#8221;)




      and the General Corporation Law. Within a reasonable time after the issuance or transfer of uncertificated shares, the Corporation shall send to the registered owner thereof any written notice as required by the General Corporation Law.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zc57689a73c66420e9b9fa151e5726d43" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">7.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Conversion.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each Holder shall have the option from time to time, exercisable by delivery of written notice to the Corporation substantially in the form
      attached hereto as <u>Annex A-1</u> (the &#8220;<font style="font-weight: bold; font-style: italic;">Conversion Notice</font>&#8221;), to the extent permitted by applicable law, to convert all or a portion of such Holder&#8217;s shares of Series A Preferred Stock
      into Common Stock at the Conversion Ratio (an &#8220;<font style="font-weight: bold; font-style: italic;">Optional Holder Conversion</font>&#8221;); <font style="font-style: italic;">provided</font> that the Corporation shall not be required to honor such
      request if such Holder has previously delivered a Conversion Notice, in respect of an Optional Holder Conversion, during the same fiscal quarter. The &#8220;<font style="font-weight: bold; font-style: italic;">Conversion Ratio</font>&#8221; means, for each share
      of Series A Preferred Stock, the quotient of (i) the Liquidation Preference as of the date of the conversion and (ii) the then applicable Conversion Price. The &#8220;<font style="font-weight: bold; font-style: italic;">Conversion Price</font>&#8221; shall
      initially be $9.03, which may be adjusted from time to time as set forth herein.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">7</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If based on the Corporation&#8217;s financial statements for any fiscal quarter and a reserve report as of the same date prepared by an independent
      reserve engineering firm as of the end of a fiscal quarter that, as of such date, (x) the PDP PV-20 value <font style="font-style: italic;">divided by</font> (y) the number of outstanding shares of Common Stock, calculated on a fully-diluted basis
      (including the Series A Preferred Stock), is equal to or exceeds one hundred and thirty percent (130%) of the Conversion Price (the &#8220;<font style="font-weight: bold; font-style: italic;">Mandatory Conversion Conditions</font>&#8221;), then the Corporation
      shall have the option from time to time until such time that the Mandatory Conversion Conditions are no longer satisfied (based on the Corporation&#8217;s financial statements for each subsequent fiscal quarter and the Corporation&#8217;s reserve report for each
      subsequent fiscal quarter (without the requirement that such reserve report is prepared by an independent reserve engineer)) or a Material Adverse Effect (as defined in the Purchase Agreement) has occurred since the date of the most recent financial
      statements that met the Mandatory Conversion Conditions, exercisable by delivery of written notice to the Holders at the address of such Holders shown on the stock books of the Corporation in the form attached hereto as Annex A-2 (the &#8220;<font style="font-weight: bold; font-style: italic;">Issuer Conversion Notice</font>&#8221;), to convert some or all outstanding shares of Series A Preferred Stock into Common Stock using the then applicable Conversion Ratio (the &#8220;<font style="font-weight: bold; font-style: italic;">Issuer Forced Conversion</font>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<font style="font-weight: bold; font-style: italic;">PDP PV-20</font>&#8221; means, as of any date of determination, the sum of
      (A) the net present value of estimated future cashflows from the Proved Developed Producing Reserves, utilizing a twenty percent (20%) discount rate and using NYMEX Prices, <font style="font-style: italic;">plus or minus</font>,<font style="font-style: italic;">&#160;</font>(B) the mark-to-market value (whether positive or negative) of the Corporation&#8217;s hedge position, <font style="font-style: italic;">plus</font>&#160;<font style="font-style: italic;">or minus</font>, (C) Working
      Capital Adjustments (whether positive or negative), <font style="font-style: italic;">minus</font>, (D) general and administrative expenses as reported in the Corporation&#8217;s financial statements for the trailing twelve (12) month period multiplied by
      four (4), and <font style="font-style: italic;">minus</font> (E) existing Debt.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Debt</font>&#8221; means, without duplication, all of the principal of and
      accreted value and accrued and unpaid interest in respect of the Corporation&#8217;s (A) indebtedness for borrowed money, (B) other indebtedness that is evidenced by bonds, notes, letters of credit or similar instruments, (C) notes payable and (D) the
      then-applicable redemption price of any of the Corporation&#8217;s outstanding redeemable or purchasable capital stock that is not convertible into Common Stock taken into account in Section 7(b)(y).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Working Capital Adjustments</font>&#8221; means the Corporation&#8217;s current
      assets <font style="font-style: italic;">minus </font>current liabilities.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Proved Developed Producing Reserves</font>&#8221; means oil and gas properties
      designated as proved, developed and producing (in accordance with SEC rules and regulations) in the Corporation&#8217;s reserve report.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">8</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">NYMEX Prices</font>&#8221; means, as of any date of determination, the forward
      month prices for the most comparable hydrocarbon commodity applicable to such future production month for a sixty (60) month period (or such shorter period if forward month prices are not quoted for a reasonably comparable hydrocarbon commodity for
      the full sixty month period), with such prices held constant thereafter using at a price equal to the average of prices between the forty ninth (49th) month and sixtieth (60th) month, as such prices are (A) quoted on the NYMEX (or its successor)
      calculated as of a date not more than five (5) days prior to the date of determination and (B) adjusted for energy content, quality and basis differentials; <font style="font-style: italic;">provided</font> that with respect to estimated future
      production for which prices are defined, within the meaning of SEC guidelines, by contractual arrangements excluding escalation based upon future conditions, then contract prices shall be applied to future production subject to such arrangements.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(vi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; All of the financial metrics in subclauses (i)-(iii) above (other than (i)(A)) shall use the Corporation&#8217;s consolidated
      financial statements prepared in accordance with United States generally accepted accounting principles. All of the reserve information in subclause (i)(A) and (iv)-(v) above shall use the Corporation&#8217;s reserve report based as of the same date.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; In the event a Holder has elected an Optional Holder Conversion pursuant to <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7(a)</u></font>
      or in the event the Corporation has elected an Issuer Forced Conversion pursuant to <u>Section 7(b)</u> above, the Corporation shall deliver, no later than two Business Days following the conversion date, a number of shares of Common Stock equal to
      the Conversion Ratio.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any Common Stock delivered as a result of conversion pursuant to this <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7</u></font> shall
      be validly issued, fully paid and non-assessable, free and clear of any preemptive right, liens, claims, rights or encumbrances other than those arising under the General Corporation Law, the Bylaws or transfer restrictions under the Securities Act
      and state securities laws. Immediately following the settlement of any conversion, if any, the rights of the holders of converted Series A Preferred Stock shall cease and the Persons entitled to receive shares of Common Stock upon the conversion of
      shares of Series A Preferred Stock shall be treated for all purposes as having become the owners of such shares of Common Stock. Concurrently with such conversion, the converted shares of Series A Preferred Stock shall cease to be outstanding, shall
      be canceled and the shares of Series A Preferred Stock formerly designated pursuant to this Certificate of Designations shall be restored to authorized but unissued shares of Preferred Stock.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If, after the Issuance Date, the Corporation (i) makes a distribution on its Common Stock in securities (including Common Stock) or other
      property or assets, (ii) subdivides or splits its outstanding Common Stock into a greater number of shares of Common Stock, (iii) combines or reclassifies its Common Stock into a smaller number of shares of Common Stock or (iv) issues by
      reclassification of its Common Stock any securities (including any reclassification in connection with a merger, consolidation or business combination in which the Corporation is the surviving Person or another constituent corporation is issuing
      equity securities in exchange for Common Stock, including a transaction contemplated by the proviso in clause (1) of the definition of Change of Control), then the Conversion Price in effect at the time of the record date for such distribution or of
      the effective date of such subdivision, split, combination, or reclassification shall be proportionately adjusted so that the conversion of the Series A Preferred Stock after such time shall entitle the holder to receive the aggregate number of
      shares of Common Stock (or shares of any securities into which such shares of Common Stock would have been combined, consolidated, merged, reclassified or exchanged pursuant to clauses (ii) and (iii) above) that such holder would have been entitled
      to receive if the Series A Preferred Stock had been converted into Common Stock immediately prior to such record date or effective date, as the case may be, and in the case of a merger, consolidation or business combination in which the Corporation
      is the surviving Person or another constituent corporation is issuing equity securities in exchange for Common Stock, the Corporation shall provide effective provisions to ensure that the provisions in this Certificate of Designations relating to the
      Series A Preferred Stock shall not be abridged or amended and that the Series A Preferred Stock shall thereafter retain the same powers, preferences and relative participating, optional and other special rights, and the qualifications, limitations
      and restrictions thereon, that the Series A Preferred Stock had immediately prior to such transaction or event either in the Corporation if the surviving corporation or in the constituent corporation. An adjustment made pursuant to this <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7(e)</u></font> shall become effective immediately after the record date in the case of a distribution and shall become effective immediately after the effective date in the case of a subdivision, combination,
      reclassification (including any reclassification in connection with a merger, consolidation or business combination in which the Corporation is the surviving Person or a constituent corporation) or split. Such adjustment shall be made successively
      whenever any event described above shall occur.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">9</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; At least fifteen (15) days prior to the consummation of any recapitalization, reorganization, consolidation, Change of Control, spin-off or other
      business combination (not otherwise addressed in <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7(e)</u></font> above) (a &#8220;<font style="font-weight: bold; font-style: italic;">Corporation Event</font>&#8221;), the Corporation shall notify each
      Holder of such event (such notice to set forth in reasonable detail the material terms and conditions of such Corporation Event and the securities, cash or other assets, if any, which a holder of Series A Preferred Stock and Common Stock (each on a
      per share basis) would receive upon the consummation of such event, to the extent known by the Corporation at the time); <font style="font-style: italic;">provided</font> that the Corporation shall not be obligated to provide any holder with
      information that is otherwise not publicly available.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Upon any adjustment to the Conversion Price pursuant to this <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7</u></font>, the Corporation
      promptly shall deliver to each Holder a certificate signed by an appropriate officer of the Corporation, setting forth in reasonable detail the event requiring the adjustment and the method by which such adjustment was calculated and specifying the
      increased or decreased Conversion Price then in effect following such adjustment.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(h)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Corporation shall pay any and all issue, documentary, stamp and other taxes, excluding any income, franchise, property or similar taxes, that
      may be payable in respect of any issue or delivery of Common Stock on conversion of Series A Preferred Stock pursuant hereto. However, the holder of any Series A Preferred Stock shall pay any tax that is due because Common Stock issuable upon
      conversion thereof are issued in a name other than such holder&#8217;s name.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No fractional shares of Common Stock shall be issued upon the conversion of any Series A Preferred Stock. All Common Stock (including fractions
      thereof) issuable upon conversion of more than one share of Series A Preferred Stock by a holder thereof shall be aggregated for purposes of determining whether the conversion would result in the issuance of any fractional stock. If, after the
      aforementioned aggregation, the conversion would result in the issuance of a fraction of a share of Common Stock, the Corporation shall not issue a fractional share of Common Stock but shall round the fractional share of Common Stock to the nearest
      whole share of Common Stock (and a 0.5 of a share of Common Stock shall be rounded up to the next higher share of Common Stock).</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">10</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(j)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Corporation agrees that it will act in good faith to make any adjustment(s) required by this <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7</u></font> equitably and in such a manner as to afford the Holders the benefits of the provisions hereof, and will not intentionally take any action to deprive such Holders of the express benefit hereof.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(k)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Any conversion made pursuant to this <u>Section 7</u>, including any Issuer Forced Conversion made pursuant to <u>Section 7(b)</u>, is subject
      to compliance with all applicable laws, rules and regulations, including any relevant stock exchange rules.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="zbf70ed6d676740498f32186f4abb55f7" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">8.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Redemption</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Corporation has the option in its sole discretion, from time to time other than in connection with a Liquidation and to the extent permitted
      by applicable law, to redeem all or a portion of the then outstanding shares of Series A Preferred Stock, for an amount per share of Series A Preferred Stock equal to the Redemption Price, subject to a holder&#8217;s right to elect conversion set forth
      below. The &#8220;<font style="font-weight: bold; font-style: italic;">Redemption Price</font>&#8221; means (a) for the period commencing on the Issuance Date and ending on the date that is one hundred and nineteen (119) days after the Issuance Date, one hundred
      percent (100%) of the Liquidation Preference at such time; (b) for the period commencing on the day that is one hundred and twenty (120) days after the Issuance Date and ending on the date that is one hundred and seventy-nine (179) days after the
      Issuance Date, one hundred and two percent (102%) of the Liquidation Preference at such time; (c) for the period commencing on the day that is one hundred and eighty (180) days after the Issuance Date and ending on the first (1st) anniversary of the
      Issuance Date, one hundred and five percent (105%) of the Liquidation Preference at such time; (d) for the period commencing on the day immediately after the first (1st) anniversary of the Issuance Date and ending on the second (2nd) anniversary of
      the Issuance Date, one hundred and eight percent (108%) of the Liquidation Preference at such time; and (e) any time after the second (2nd) anniversary of the Issuance Date, one hundred and twenty percent (120%) of the Liquidation Preference at such
      time. The Corporation may exercise its redemption option under this <u>Section </u><font style="color: rgb(0, 0, 0);"><u>8(a)</u></font> by delivery of written notice to the Holders in the form attached as <u>Annex B</u> (the &#8220;<font style="font-weight: bold; font-style: italic;">Redemption Notice</font>&#8221;), <font style="font-style: italic;">provided, however</font>, that, the Holders shall have five (5) Business Days from the date of receipt of any such Redemption Notice to,
      in lieu of being paid the cash Redemption Price, elect to convert the shares of Series A Preferred Stock subject to such Redemption Notice and in accordance with <u>Section 7(a)</u>. Such redemption shall be completed on a date specified in the
      Redemption Notice, which shall be not less than ten (10) and not more than twenty (20) Business Days following the date of the Redemption Notice. If the Corporation redeems only a portion of the then outstanding shares of Series A Preferred Stock,
      the shares of Series A Preferred Stock subject to such redemption shall be allocated pro rata among the outstanding shares of Series A Preferred Stock.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">11</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Change of Control</u>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At any time on or prior to the one hundred fiftieth (150<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day following the Issuance Date, upon the occurrence of a Change of Control, at the option of the Corporation, either (A) each Holder shall have all of their shares of Series A Preferred Stock redeemed in exchange for a cash
      payment per share of Series A Preferred Stock equal to the Liquidation Preference as of such date or (B) each Holder shall be entitled to receive the same form and amount of consideration such Holder would have received pursuant to the applicable
      acquisition agreement if, immediately prior to the record date for payments relating to such Change of Control, such share of Series A Preferred Stock had been converted into a number of shares of Common Stock equal to the quotient of (1) the
      Liquidation Preference as of such date multiplied by one hundred and seven point five percent (107.5%) and (2) the VWAP over fifteen (15) consecutive trading days ending on the third (3rd) trading day prior to the closing of the Change of Control
      transaction.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; At any time after both the one hundred fiftieth (150<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day following the Issuance Date and the end of the Term Loan Restricted Period, upon the occurrence of a Change of Control, the Corporation shall offer each Holder a cash payment per share of Series A Preferred Stock equal to
      the Redemption Price (the &#8220;<font style="font-weight: bold; font-style: italic;">Mandatory CoC Redemption Offer</font>&#8221;);<font style="font-style: italic;"> provided, however</font>, that, notice of such Mandatory CoC Redemption Offer shall be provided
      to each Holder at least ten (10) Business Days prior to the consummation of such Change of Control and the Holders shall have five (5) Business Days from the date of receipt of any such notice to, in lieu of being paid the cash Redemption Price,
      elect to receive from the acquirer in the Change of Control transaction the same form and amount of consideration such Holder would have received pursuant to the applicable acquisition agreement if, immediately prior to the record date for payments
      relating to such Change of Control, such share of Series A Preferred Stock had been converted into a number of shares of Common Stock at the Conversion Ratio (&#8220;<font style="font-weight: bold; font-style: italic;">CoC Conversion Consideration</font>&#8221;).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; At any time after the one hundred fiftieth (150<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>)
      day following the Issuance Date and prior to the end of the Term Loan Restricted Period, upon the occurrence of a Change of Control that occurs, the Corporation shall have the option to offer each Holder a cash payment per share of Series A Preferred
      Stock it holds equal to the Redemption Price (the &#8220;<font style="font-weight: bold; font-style: italic;">Optional CoC Redemption Offer</font>&#8221;). The Corporation shall notify each Holder at least ten (10) Business Days prior to the consummation of such
      Change of Control if it is electing to exercise the Optional CoC Redemption Offer, and the Holders shall have five (5) Business Days from the date of receipt of any such notice to, in lieu of being paid the cash Redemption Price, elect to receive the
      CoC Conversion Consideration from the acquirer in the Change of Control transaction in connection with the consummation of such Change of Control. If the Corporation does not elect to offer the Optional CoC Redemption Offer, the Holder shall be
      entitled to receive the CoC Conversion Consideration from the acquirer in the Change of Control transaction in connection with the consummation of such Change of Control.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; (A) a &#8220;<font style="font-weight: bold; font-style: italic;">Change of Control</font>&#8221; means (1) the consummation of any
      transaction by the Corporation the result of which is that any Person or &#8220;group&#8221; (as defined in the Securities Exchange Act of 1934, as amended), other than any Permitted Holder, becomes the beneficial owner, directly or indirectly, of more than
      fifty percent (50%) of the voting stock of the Corporation, measured by voting power rather than number of shares, units or the like; <font style="font-style: italic;">provided</font> that a transaction in which the Corporation becomes a subsidiary
      of another Person shall not constitute a Change of Control if, immediately following such transaction, the Persons who were beneficial owners of the voting stock of the Corporation immediately prior to such transaction beneficially own, directly or
      indirectly, fifty percent (50%) or more of the total voting power of the voting stock of such other Person of whom the Corporation has become a subsidiary or (2) the sale of all or substantially all of the Corporation&#8217;s assets; and (B) the &#8220;<font style="font-weight: bold; font-style: italic;">Permitted Holder</font>&#8221; means any holder of shares of Series A Preferred Stock as of the Issuance Date and its affiliates.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">12</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(v)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Term Loan Restricted Period</font>&#8221; means the period from the Issuance
      Date until the earliest of (a) the termination of the Term Loan Credit Agreement, (b) the first Business Day immediately following the first anniversary of the Maturity Date of the Term Loan Credit Agreement (as in effect on the date hereof), and (c)
      such time, if any, as the Term Loan Credit Agreement may be amended in a manner that would not cause the Series A Preferred Stock to be &#8220;Disqualified Capital Stock&#8221; under the Term Loan Credit Agreement as a result of the Corporation being obligated
      to effect the Mandatory CoC Redemption Offer pursuant to clause (ii) above.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(vi)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Term Loan Credit Agreement</font>&#8221; means the Amended and Restated
      Senior Secured Credit Agreement, dated as of November 24, 2021, by and among the Corporation, Halc&#243;n Holdings, LLC, Macquarie Bank Limited and the lenders from time to time party thereto, as amended, restated or otherwise modified from time to time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(vii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Maturity Date</font>&#8221; means November 24, 2025.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(viii)</font>&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">VWAP</font>&#8221; means the dollar volume-weighted average price for the
      Common Stock on its trading market during the period beginning at 9:30:01 a.m., New York time (or such other time as the trading market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time
      as the trading market publicly announces is the official close of trading), as reported by Bloomberg, L.P. through its &#8220;Volume at Price&#8221; function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the
      over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as the trading market publicly announces is the official open of trading), and ending at 4:00:00
      p.m., New York City Time (or such other time as the trading market publicly announces is the official close of trading), as reported by Bloomberg, L.P., or, if no dollar volume-weighted average price is reported for such security by Bloomberg, L.P.
      for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the &#8220;pink sheets&#8221; by Pink Sheets LLC (formerly the National Quotation Bureau, Inc.). If the
      VWAP cannot be calculated for the Common Stock on a particular date on any of the foregoing bases, the VWAP of the Common Stock shall be the fair market value of the Common Stock as determined by an independent nationally recognized investment
      banking firm mutually agreed to by the Corporation and holders of at least two-thirds (66 &#8532;%) of the Series A Preferred Stock then outstanding.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-left: 36pt;"><font style="color: rgb(1, 0, 0);">(ix)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Person</font>&#8221; means any individual, corporation, company, voluntary
      association, partnership, joint venture, trust, limited liability company, unincorporated organization, government or any agency, instrumentality or political subdivision thereof or any other form of entity.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">13</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Holders and the Corporation agree that each will cooperate in good faith to determine the U.S. federal income tax treatment of any
      redemption by the Corporation of the Series A Preferred Stock and will (and will cause its affiliates to), in connection with any such redemption, reasonably cooperate (i) to structure such redemption in a manner that permits each Holder to report
      the redemption payment as received in part or full payment in exchange for its Series A Preferred Stock for U.S. federal income tax purposes if such structure can be achieved without any unreimbursed cost or expense to the Corporation (provided that,
      for the avoidance of doubt, the Holders and the Corporation acknowledge (A) that it may not be possible to structure any such redemption in a manner that permits a Holder to report a redemption payment as received in part or full payment in exchange
      for its Series A Preferred Stock for U.S. federal income tax purposes, in which case the Corporation shall still be entitled to make any such redemption pursuant to this Section 8 as it determines is appropriate (and in the amounts it determines is
      appropriate) and (B) that different Holders may be subject to different treatment for U.S. federal income tax purposes), (ii) to allow each Holder a reasonable opportunity to transfer its Series A Preferred Stock to an affiliate prior to such
      redemption and (iii) if such redemption is funded by, or occurs in connection with, an issuance of equity by the Corporation, to cause the Person or Persons acquiring such equity to purchase the Series A Preferred Stock from the Holders directly and
      to make any necessary amendments to this Certificate of Designations following such purchase as agreed between such purchaser(s) and the Corporation. If, as a result of the previous sentence, any such redemption of shares of Series A Preferred Stock
      is delayed for more than thirty (30) days from the date on which the Corporation otherwise planned to make such redemption (the &#8220;<font style="font-weight: bold; font-style: italic;">30 Day Date</font>&#8221;) and the redemption occurs, the Series A
      Dividend shall stop accumulating (including with respect to any Unpaid Dividend Accrual) on the shares of Series A Preferred Stock that are to be redeemed from the 30 Day Date until the date of such redemption and the Redemption Price for such
      redemption shall be that applicable at the 30 Day Date. The Corporation further agrees that it shall use reasonable best efforts to conduct an &#8220;earnings and profits study&#8221; (or similar analysis) to determine its current and accumulated earnings and
      profits as soon as reasonably practicable following the initial issuance of the Series A Preferred Stock (but in no case later than December 31, 2023) and to update such analysis for every taxable year in which the Series A Preferred Stock remains
      outstanding.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z577d5064f46c4c41b18379ee467392b4" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">9.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">NYSE American Issuance Limitation.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160; &#160; &#160;&#160;&#160; No Holder will be entitled to receive converted shares of Common Stock or other shares of Common Stock issuable upon redemption, dividend
      payments, or as otherwise provided in this Certificate of Designations to the extent such issuance would result in a violation of the NYSE American Company Guide or rules of the national securities exchange upon which the Common Stock is then
      listed(the &#8220;<font style="font-weight: bold; font-style: italic;">NYSE American Issuance Limitation</font>&#8221;), unless either (i) the Corporation obtains the Stockholder Approval and the Schedule 14C Action has been completed, or (ii) the Corporation
      determines upon advice of counsel that Stockholder Approval and the Schedule 14C Action are not required to effect the conversion, in each such case, the NYSE American Issuance Limitation will no longer apply.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;<font style="font-weight: bold; font-style: italic;">Stockholder Approval</font>&#8221; means stockholder approval of the proposal to issue Common
      Stock upon conversion of the Series A Preferred Stock for purposes of Rule 713 of the New York Stock Exchange American Listed Company Manual, or to comply with the applicable rules of the national securities exchange upon which the Common Stock is
      then listed.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">14</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#8220;<font style="font-weight: bold; font-style: italic;">Schedule 14C Action</font>&#8221; means, collectively, (i) the filing of an Information
      Statement on Schedule 14C relating to the issuance of converted shares of Common Stock or other shares of Common Stock issuable upon redemption, dividend payments, or as otherwise provided in this Certificate of Designations with the United States
      Securities and Exchange Commission (the &#8220;<font style="font-weight: bold; font-style: italic;">SEC</font>&#8221;) and the receipt from the SEC of notice that it has no comments thereon, (ii) the mailing of such Information Statement to the Corporation&#8217;s
      shareholders and (iii) the expiration of the 20 calendar day waiting period under Rule 14c-2(b).</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Notwithstanding anything herein to the contrary, if the Holders (together with their respective affiliates) collectively beneficially own fifty
      percent (50%) or more of the outstanding Common Stock at the time a transaction is contemplated pursuant to which the NYSE American Issuance Limitation would reduce the consideration being issued to the Holders in connection with such transaction (&#8220;<font style="font-weight: bold; font-style: italic;">Subject Transaction</font>&#8221;), the Corporation shall notify the Holders of such Subject Transaction and the related NYSE American Issuance Limitation at least ten (10) Business Days prior to the
      consummation of such Subject Transaction and give the Holders five (5) Business Days from the date of receipt of any such notice to provide a Stockholder Approval, and if such Stockholder Approval is timely received, the Corporation shall not
      consummate such Subject Transaction until the Schedule 14C Action removing the NYSE American Issuance Limitation has been completed.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z7eec345500a5496ab444731f5e12a8da" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">10.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Additional Procedures.</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In connection with any conversion pursuant to <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7</u></font> or redemption in accordance
      with <u>Section </u><font style="color: rgb(0, 0, 0);"><u>8</u></font>, the Holder must deliver transfer instruments reasonably satisfactory to the Corporation, at the principal office of the Corporation (or such other place mutually acceptable to
      the Holder and the Corporation) together with written notice that such Holder elects to convert all or such lesser number of shares as specified therein.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Transfers of Series A Preferred Stock held in uncertificated, book-entry form shall be made only upon the transfer books of the Corporation kept
      at an office of the Corporation upon receipt of proper transfer instructions from the registered owner of such uncertificated shares, or from a duly authorized attorney or from an individual presenting proper evidence of succession, assignment or
      authority to transfer the stock. The Corporation may refuse any requested transfer until furnished evidence reasonably satisfactory to it that such transfer is made in accordance with the terms of this Certificate of Designations.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z1a34283d61624703962d8642df3b35fd" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">11.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">No Other Rights.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The shares of Series A Preferred Stock shall not have any powers, designations, preferences or relative, participating, optional, or other special rights, nor shall there be any qualifications,
      limitations or restrictions or any powers, designations, preferences or rights of such shares, other than as set forth herein or in the Certificate of Incorporation, or as may be provided by law.</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z24ce2fc25d4c451fbdf841a6b390ab83" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">12.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Other Provisions.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The shares of Series A Preferred Stock shall not be subject to the operation of any retirement or sinking fund.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">15</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In case any one or more of the provisions contained in this Certificate of Designations shall be invalid, illegal or unenforceable in any
      respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby. Furthermore, in lieu of any such invalid, illegal or unenforceable provision, the Corporation shall
      use its reasonable best efforts to add as a part of this Certificate of Designations a provision as similar in terms to such invalid, illegal or unenforceable provision as may be possible and be legal, valid and enforceable, unless the requisite
      parties separately agree to a replacement provision that is valid, legal and enforceable.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any payments, issuances or distributions required to be made hereunder on any day that is not a Business Day shall be made on the next
      succeeding Business Day without interest or additional payment for such delay. All payments required hereunder shall be made by wire transfer of immediately available funds in United States Dollars to the Holders in accordance with the payment
      instructions as such Holders may deliver by written notice to the Corporation from time to time.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(1, 0, 0);">(d)</font>&#160; &#160; &#160;&#160;&#160; Unless otherwise agreed to by the Corporation and the applicable Holder, any certificate representing the Series A Preferred Stock (and the Common
      Stock issuable upon conversion thereof) will bear a restrictive legend substantially in the form set forth below, which is hereby incorporated in and expressly made a part of this Certificate of Designations, and will be subject to the restrictions
      set forth therein. In addition, any such certificate may have notations, additional legends or endorsements required by law, stock exchange rules, and agreements to which the Corporation and all of the Holders of Series A Preferred Stock in their
      capacity as Holders are subject, if any.</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-right: 18pt; margin-left: 27pt;">THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;SECURITIES ACT&#8221;), AND MAY NOT BE TRANSFERRED, SOLD OR
      OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION STATEMENT RELATING THERETO IS IN EFFECT UNDER THE SECURITIES ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT.</div>
    <div>&#160;</div>
    <div style="text-align: justify; margin-right: 18pt; margin-left: 27pt;">THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERS SET FORTH IN THE CERTIFICATE OF DESIGNATIONS FILED WITH THE SECRETARY OF STATE
      FOR THE STATE OF DELAWARE PURSUANT TO SECTION 202 OF THE DELAWARE GENERAL CORPORATION LAW (THE &#8220;CERTIFICATE OF DESIGNATIONS&#8221;). NO TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE
      MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF THE CERTIFICATE OF DESIGNATIONS. A COPY OF THE CERTIFICATE OF DESIGNATIONS WILL BE FURNISHED WITHOUT CHARGE BY THE CORPORATION TO THE HOLDER UPON REQUEST.</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">16</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z1e18de6da8494b1f992e7009d0d02ebe" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; color: rgb(1, 0, 0); font-weight: bold;">13.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-weight: bold;">Effective Date.</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This Certificate of Designations shall become effective on March 24, 2023.</div>
    <div>&#160;</div>
    <div style="text-align: center; font-style: italic;">[The Remainder of this Page Intentionally Left Blank]</div>
    <div>&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">17</font></div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
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    <div style="text-align: justify; text-indent: 36pt;">IN WITNESS WHEREOF, Battalion Oil Corporation has caused this Certificate of Designations to be duly executed this 24th day of March, 2023.</div>
    <div>&#160;</div>
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            <div>Chief Executive Officer</div>
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          <div style="text-align: center; font-style: italic;">[Signature Page to Certificate of Designations]</div>
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    <div style="text-align: justify; text-indent: 36pt;">The undersigned holder of Series A Preferred Stock hereby irrevocably elects to convert the number of shares of Series A Preferred Stock indicated below pursuant to <u>Section </u><font style="color: rgb(0, 0, 0);"><u>7(a)</u></font> of the Certificate of Designations into shares of Common Stock at the Conversion Ratio. Capitalized terms utilized but not defined herein shall have the meaning ascribed to such terms in that certain
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    <div>&#160;</div>
    <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt;"><u>Conversion Calculations</u>:</font></div>
    <div>&#160;</div>
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Number of shares of Series A Preferred Stock to be converted: [_____]</div>
    <div>&#160;</div>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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    <div>&#160;</div>
    <div style="text-align: center;"><u>Issuer Conversion Notice</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Battalion Oil Corporation, a Delaware corporation, hereby irrevocably elects to convert the number of shares of Series A Preferred Stock held by you indicated below into shares of Common Stock at the
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    <div>&#160;</div>
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Number of Shares of Series A Preferred Stock owned by you prior to conversion: [_____]</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Number of Shares of Series A Preferred Stock owned by you to be converted: [_____]</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Number of shares of Common Stock to be issued: [_____]</div>
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            <div>BATTALION OIL CORPORATION</div>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
            <div>Date:</div>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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    <div style="text-align: center;"><u>Annex B</u></div>
    <div>&#160;</div>
    <div style="text-align: center;"><u>Redemption Notice</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Battalion Oil Corporation, a Delaware corporation, hereby irrevocably elects to redeem the number of shares of Series A Preferred Stock held by you indicated below on the date set forth below.
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    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Holder: [_____]</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Date of redemption: [_____]</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-size: 12pt;"><font style="font-size: 10pt;"><u>Redemption Calculations</u>:</font></div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Number of Shares of Series A Preferred Stock owned by you prior to redemption: [_____]</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Number of Shares of Series A Preferred Stock owned by you to be redeemed: [_____]</div>
    <div>&#160;</div>
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    <div>&#160;</div>
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            <div>BATTALION OIL CORPORATION</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>4
<FILENAME>brhc10050679_ex99-4.htm
<DESCRIPTION>EXHIBIT 4
<TEXT>
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    <div>
      <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">Exhibit 4</div>
      <div>&#160;</div>
      <div style="text-align: right; color: rgb(0, 0, 0); font-weight: bold;">EXECUTION VERSION</div>
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      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">PURCHASE AGREEMENT</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">AMONG</div>
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      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">AND</div>
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              <div style="text-align: right; color: rgb(0, 0, 0);">Page</div>
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          <tr>
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              <div style="color: rgb(0, 0, 0);"><u>ARTICLE I DEFINITIONS</u></div>
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            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">1</div>
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          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
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            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 1.01</u></div>
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            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
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            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Definitions</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">1</div>
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            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 1.02</u></div>
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            <td style="width: 2%; vertical-align: top;"><br>
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              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Accounting Procedures and Interpretation</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4</div>
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            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div style="color: rgb(0, 0, 0);"><u>ARTICLE II AGREEMENT TO SELL AND PURCHASE</u></div>
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            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4</div>
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          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
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            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Authorization of Sale of the Purchased Securities</u></div>
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            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">4</div>
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          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.02</u></div>
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            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
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            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Sale and Purchase</u></div>
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            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">4</div>
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          </tr>
          <tr>
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              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.03</u></div>
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              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Closing</u></div>
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              <div style="text-align: right; color: rgb(0, 0, 0);">5</div>
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          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.04</u></div>
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            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Conditions to Closing</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.05</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>BATL Deliveries</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.06</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Purchasers&#8217; Deliveries</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.07</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Independent Nature of the Purchasers&#8217; Obligations and Rights</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">7</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 2.08</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Further Assurances</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">7</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 83%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" style="vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);"><u>ARTICLE III REPRESENTATIONS AND WARRANTIES OF BATL</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">7</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.01</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Corporate Existence</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.02</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Capitalization and Valid Issuance of Purchased Securities</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.03</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>BATL SEC Documents</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.04</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Operations in the Ordinary Course</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.05</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Litigation</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.06</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>No Conflicts; Compliance with Laws</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">10</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.07</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Authority, Enforceability</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.08</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Approvals</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.09</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);"><br>
            </td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Investment Company Status</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.10</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Certain Fees</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.11</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Books and Records; Sarbanes-Oxley Compliance</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.12</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Listing and Maintenance Requirements</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">11</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.13</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Insurance</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 3.14</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Title to Interests</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" style="vertical-align: top;">
              <div style="color: rgb(0, 0, 0);"><u>ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 4.01</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Existence</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 4.02</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Authorization, Enforceability</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 4.03</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>No Breach</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">12</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 4.04</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Approvals.</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 4.05</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Certain Fees</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">13</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 4.06</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Unregistered Securities</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">13</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 83%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" style="vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);"><u>ARTICLE V OTHER COVENANTS</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">14</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 5.01</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Voting Rights.</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 5.02</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Information Statement</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 5.03</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Disclosure of Transactions</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">14</div>
            </td>
          </tr>

      </table>
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      </div>
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          <tr>
            <td colspan="3" style="vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="color: rgb(0, 0, 0);"><u>ARTICLE VI INDEMNIFICATION, COSTS AND EXPENSES</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">14</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 6.01</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Indemnification by BATL</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">14</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 6.02</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Indemnification by the Purchasers</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">15</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 6.03</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Indemnification Procedure</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">15</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 6.05</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Tax Treatment of Indemnification Payments</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">16</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" style="vertical-align: top;">
              <div style="color: rgb(0, 0, 0);"><u>ARTICLE VII MISCELLANEOUS</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">16</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.01</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Expenses</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">16</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.02</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Interpretation</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">17</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.03</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Survival of Provisions</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">17</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.04</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>No Waiver; Modifications in Writing</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">17</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.05</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Binding Effect; Assignment</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.06</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Non-Disclosure</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.07</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Communications</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">18</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.08</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Removal of Legend</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">19</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.09</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Entire Agreement</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">19</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.10</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Governing Law; Submission to Jurisdiction</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">19</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.11</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Waiver of Jury Trial</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.12</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 83%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Execution in Counterparts</u></div>
            </td>
            <td style="width: 5%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; color: rgb(0, 0, 0);">20</div>
            </td>
          </tr>
          <tr>
            <td style="width: 10%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0); margin-left: 9pt;"><u>Section 7.15</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 83%; vertical-align: top;">
              <div style="text-align: justify; color: rgb(0, 0, 0);"><u>Certain Tax Matters.</u></div>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div style="text-align: right; color: rgb(0, 0, 0);">21</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Schedule A &#8211; Schedule of Purchasers</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Exhibit A &#8211; Form of Certificate of Designations for the Series A Preferred Stock</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">Exhibit B &#8211; Form of First Amendment to Registration Rights Agreement</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">ii</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <!--PROfilePageNumberReset%Num%1%%%-->
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;"><u>PURCHASE AGREEMENT</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">This PURCHASE AGREEMENT, dated as of March 28, 2023 (this &#8220;<u>Agreement</u>&#8221;), is entered into by and among Battalion Oil Corporation, a Delaware corporation (&#8220;<u>BATL</u>&#8221;),
        and each of the purchasers set forth on <u>Schedule A</u> hereto (the &#8220;<u>Purchasers</u>&#8221;).</div>
      <div>&#160;</div>
      <div style="text-align: center; color: #000000;"><font style="font-weight: bold;"><u>RECITALS</u></font><u>:</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">WHEREAS, BATL desires to sell the Purchased Securities (as defined below) and the Purchasers desire to purchase from BATL the Purchased Securities, in accordance with the
        provisions of this Agreement; and</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">WHEREAS, BATL has agreed to provide the Purchasers with certain registration rights with respect to the shares of Common Stock, par value $0.0001 per share, of BATL (the &#8220;<u>Common







          Stock</u>&#8221;) underlying the Purchased Securities acquired pursuant hereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby
        acknowledged, BATL and each of the Purchasers, severally and not jointly, hereby agree as follows:</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE I</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">DEFINITIONS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 1.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Definitions</u>. As used in this Agreement, the following terms have the meanings indicated:</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Affiliate</u>&#8221; means, with respect to a specified Person, any other Person, directly or indirectly controlling, controlled by or under direct or indirect common control
        with such specified Person. For purposes of this definition, &#8220;control&#8221; (including, with correlative meanings, &#8220;controlling,&#8221; &#8220;controlled by&#8221; and &#8220;under common control with&#8221;) means the power to direct or cause the direction of the management and
        policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; provided however, that BATL and the Purchasers shall not be considered Affiliates for purposes of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Agreement</u>&#8221; has the meaning set forth in the introductory paragraph of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Allocated Purchase Price</u>&#8221; means with respect to each Purchaser, the dollar amount set forth opposite such Purchaser&#8217;s name under the heading &#8220;Allocated Purchase Price&#8221;
        on <u>Schedule A</u> hereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Basic Documents</u>&#8221; means, collectively, this Agreement, the Certificate of Designations and the First Amendment to Registration Rights Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>BATL</u>&#8221; has the meaning set forth in the introductory paragraph of this Agreement.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>BATL Bylaws</u>&#8221; shall have the meaning specified in <u>Section 2.05(d)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>BATL Charter</u>&#8221; shall have the meaning specified in <u>Section 2.04(b)(iii)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>BATL Financial Statements</u>&#8221; shall have the meaning specified in <u>Section 3.03(a)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>BATL Related Parties</u>&#8221; shall have the meaning specified in <u>Section 6.02</u>.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">1</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>BATL SEC Documents</u>&#8221; shall have the meaning specified in <u>Section 3.03(a)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Board</u>&#8221; means the board of directors of BATL.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Business Day</u>&#8221; means any day other than a Saturday, Sunday, any federal legal holiday or day on which banking institutions in the State of New York or State of Texas are
        authorized or required by Law or other governmental action to close.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Certificate of Designations</u>&#8221; shall have the meaning specified in <u>Section 2.04(b)(iii)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Change of Control</u>&#8221; shall have the meaning specified in the Certificate of Designations.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Closing</u>&#8221; shall have the meaning specified in <u>Section 2.03(a)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Closing Date</u>&#8221; shall have the meaning specified in <u>Section 2.03(b)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Code</u>&#8221; means the Internal Revenue Code of 1986, as amended.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Common Stock</u>&#8221; shall have the meaning set forth in the recitals.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Conversion Shares</u>&#8221; means the Common Stock issuable upon conversion of the Series A Preferred Stock.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Credit Facility</u>&#8221; shall have the meaning specified in <u>Section 3.02(e)</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Delaware Corporations Act</u>&#8221; means the General Corporation Law of the State of Delaware.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Exchange Act</u>&#8221; means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of the SEC promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>First Amendment to Registration Rights Agreement</u>&#8221; means the First Amendment to Registration Rights Agreement, to be entered into on the date hereof, between BATL and
        the Purchasers in substantially the form attached hereto as <u>Exhibit B</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>GAAP</u>&#8221; means generally accepted accounting principles in the United States of America.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Governmental Authority</u>&#8221; means, with respect to a particular Person, any country, state, county, city and political subdivision in which such Person or such Person&#8217;s
        Property is located or which exercises valid jurisdiction over any such Person or such Person&#8217;s Property, and any court, agency, department, commission, board, bureau or instrumentality of any of them and any monetary authority which exercises
        valid jurisdiction over any such Person or such Person&#8217;s Property. Unless otherwise specified, all references to Governmental Authority herein with respect to BATL means a Governmental Authority having jurisdiction over BATL, its Subsidiaries or
        any of their respective Properties.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Indemnified Party</u>&#8221; shall have the meaning specified in <u>Section 6.03</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Indemnifying Party</u>&#8221; shall have the meaning specified in <u>Section 6.03</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Law</u>&#8221; means any federal, state, local or foreign order, writ, injunction, judgment, settlement, award, decree, statute, law (including common law), rule or regulation.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Lien</u>&#8221; means any mortgage, claim, encumbrance, pledge, lien (statutory or otherwise), security agreement, conditional sale or trust receipt or a lease, consignment or
        bailment, preference or priority, assessment, deed of trust, charge, easement, servitude or other encumbrance upon or with respect to any property of any kind.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Material Adverse Effect</u>&#8221; means any event, change, circumstance or development that has a material adverse effect on the assets, business, results of operations or
        financial condition of BATL and its Subsidiaries, taken as a whole; provided, however, that in no event would any of the following (or the effect of any of the following), alone or in combination, be deemed to constitute, or be taken into account
        in determining whether there has been or will be, a &#8220;Material Adverse Effect&#8221;, unless solely with respect to subclauses (iii) and (iv) below, such event has a disproportionate and adverse effect on BATL or its business compared to similarly
        situated participants operating in the upstream oil and gas industry in the geographies in which they operate (in which case, such adverse effects shall be taken into account in determining whether a &#8220;Material Adverse Effect&#8221; has occurred solely to
        the extent they are disproportionate): (i) any change or development (including any downturn) in interest rates or general economic, political (including relating to any federal, state or local election), business, financial, commodity, currency or
        market conditions generally, including changes in the credit, debt, securities, financial, capital or reinsurance markets (including changes in interest or exchange rates, prices of any security or market index or commodity or any disruption of
        such markets); (ii) any change generally affecting any of the industries or markets in which BATL or its Subsidiaries operate or the economy as a whole; (iii) any earthquake, hurricane, tsunami, tornado, flood, mudslide, wild fire or other natural
        or man-made disaster, pandemic, epidemic or disease outbreak (including COVID-19), act of God or other force majeure event; (iv) any regional, state, local, national or international political or social conditions (or changes thereof) in countries
        in which BATL operates, including civil or social unrest, terrorism, acts of war, or sabotage or the engagement by the United States or such other countries in hostilities or the escalation thereof, whether or not pursuant to the declaration of a
        national emergency or war, or the occurrence or the escalation of any military or terrorist attack (including any internet or &#8220;cyber&#8221; attack or hacking) upon the United States or such other country, or any territories, possessions, or diplomatic or
        consular offices of the United States or such other countries or upon any United States or such other country military installation, equipment or personnel; and (v) any failure of BATL and its Subsidiaries, taken as a whole, to meet any
        projections, forecasts, guidance, estimates, milestones, budgets or financial or operating predictions of revenue earnings, cash flow or cash position (it being understood that the facts giving rise to such failure may be taken into account in
        determining whether there has been a Material Adverse Effect).</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Non-Recourse Party</u>&#8221; shall have the meaning specified in <u>Section 7.15.</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>NYSE</u>&#8221; means the NYSE American.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Person</u>&#8221; means any individual, corporation, company, voluntary association, partnership, joint venture, trust, limited liability company, unincorporated organization,
        government or any agency, instrumentality or political subdivision thereof or any other form of entity.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Property</u>&#8221; means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Purchased Securities</u>&#8221; means, with respect to each Purchaser, the number of shares of Series A Preferred Stock as set forth opposite such Purchaser&#8217;s name on <u>Schedule







          A</u> hereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Purchaser Related Parties</u>&#8221; shall have the meaning specified in <u>Section 6.01</u>.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Purchasers</u>&#8221; has the meaning set forth in the introductory paragraph of this Agreement.</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; margin-left: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Redemption Price</u>&#8221; shall have the meaning specified in the Certificate of Designations.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Registration Rights Agreement</u>&#8221; means that certain Registration Rights Agreement, dated as of October 8, 2019, by and among BATL and the investors party thereto, as
        amended from time to time.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Representatives</u>&#8221; means, with respect to a specified Person, the officers, directors, managers, employees, agents, counsel, accountants, investment bankers and other
        representatives of such Person.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">&#8220;<u>Schedule 14C Action</u>&#8221; means, collectively, (</font>i)<font style="color: rgb(0, 0, 0);"> the filing of an Information Statement on Schedule 14C relating to
          the transaction contemplated hereby with the SEC and the receipt from the SEC of notice that it has no comments thereon, (</font>ii)<font style="color: rgb(0, 0, 0);"> the mailing of such Information Statement to BATL&#8217;s stockholders and (</font>iii)<font style="color: rgb(0, 0, 0);"> the expiration of the twenty (20) calendar day waiting period under Rule 14c-2(b).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>SEC</u>&#8221; means the United States Securities and Exchange Commission.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Securities Act</u>&#8221; means the Securities Act of 1933, as amended from time to time, and the rules and regulations of the SEC promulgated thereunder.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Series A Preferred Stock</u>&#8221; means the Series A Redeemable Convertible Preferred Stock having the terms set forth in the Certificate of Designations.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">&#8220;<u>Stockholder Consent</u>&#8221; means an executed consent delivered by holders of a majority of the shares of Common Stock in lieu of a stockholder meeting and in compliance with
        the Delaware Corporations Act,&#160; for&#160; the&#160; purpose&#160; of&#160; providing&#160; all&#160; necessary approvals under the Delaware Corporations Act and the applicable rules and listing standards of the stock exchange upon which the Common Stock is then listed, if any,
        to consummate the issuance of more than twenty percent (20%) of the outstanding shares of Common Stock in connection with any conversion of the Series A Preferred Stock.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">&#8220;<u>Subsidiary</u>&#8221; means, as to any Person, any corporation or other entity of which: </font>(i)<font style="color: rgb(0, 0, 0);"> such Person or a Subsidiary
          of such Person is a general partner or manager; </font>(ii)<font style="color: rgb(0, 0, 0);"> at least a majority of the outstanding equity interest having by the terms thereof ordinary voting power to elect a majority of the board of directors
          or similar governing body of such corporation or other entity (irrespective of whether or not at the time any equity interest of any other class or classes of such corporation or other entity shall have or might have voting power by reason of the
          happening of any contingency) is at the time directly or indirectly owned or controlled by such Person or one or more of its Subsidiaries; or </font>(iii)<font style="color: rgb(0, 0, 0);"> any corporation or other entity as to which such Person
          consolidates for accounting purposes.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 1.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Accounting Procedures and Interpretation</u>. Unless otherwise specified herein, all accounting
          terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all BATL Financial Statements and certificates and reports as to financial matters required to be furnished to the
          Purchasers hereunder shall be prepared, in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or, in the case of unaudited financial statements, as permitted by Form
          10-Q promulgated by the SEC) and in compliance as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the SEC with respect thereto.</font></div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE II</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">AGREEMENT TO SELL AND PURCHASE</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.01</font>&#160;&#160;&#160; &#160;&#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Authorization of Sale of the Purchased Securities</u>. BATL has authorized the issuance and
          sale to the Purchasers of the Purchased Securities on the terms and subject to the conditions set forth in this Agreement.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.02</font>&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Sale and Purchase</u>. Subject to the terms and conditions hereof, BATL hereby agrees to issue
          and sell to each Purchaser, free and clear of any and all Liens (other than the transfer restrictions under applicable federal and state securities Laws and other than those arising under the Certificates of Designations or the Delaware
          Corporations Act), and each Purchaser, severally and not jointly, hereby agrees to purchase from BATL, such number of Purchased Securities as set forth on <u>Schedule A</u>, and each Purchaser agrees to pay BATL its Allocated Purchase Price with
          respect to such Purchased Securities. For the avoidance of doubt, the Allocated Purchase Price shall be the consideration for all Purchased Securities to be acquired by the applicable Purchaser at the Closing.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Closing</u></font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Closing Location</u>. Subject to the terms and conditions hereof, the consummation of the purchase and
          sale of the Purchased Securities hereunder (the &#8220;<u>Closing</u>&#8221;) shall take place remotely via overnight courier, electronic transmission of related documentation (such as by use of .pdf), on the date hereof following the delivery, satisfaction
          or, to the extent permitted, waiver by the appropriate party of each of the items set forth in <u>Sections 2.04</u>, <u>2.05</u> and <u>2.06</u>. Except as otherwise expressly provided herein, all proceedings to be taken and all documents to
          be executed and delivered by all the parties at the Closing shall be deemed to have been taken and executed simultaneously and no proceedings shall be deemed to have been taken nor documents executed or delivered until all have been taken,
          executed and delivered.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>General</u>. The date of the Closing shall be the &#8220;<u>Closing Date</u>&#8221;.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Conditions to Closing</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Mutual Conditions</u>. The respective obligations of each party to consummate the purchase and issuance
          and sale of the applicable Purchased Securities to be purchased and issued at the Closing shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a particular
          party on behalf of itself in writing, in whole or in part, to the extent permitted by applicable Law):</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);">no Law shall have been enacted or promulgated, and no action shall have been taken, by any Governmental
          Authority which temporarily, preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated hereby or makes the transactions contemplated hereby illegal; and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">there shall not be pending any suit, action or proceeding by any Governmental Authority seeking to
          restrain, preclude, enjoin or prohibit the transactions contemplated by this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Conditions of the Purchasers&#8217; Obligations at Closing</u>. The respective obligations of each Purchaser
          to consummate the purchase of the applicable Purchased Securities to be purchased at&#160; the Closing shall be subject to the satisfaction (or waiver by such Purchaser) on or prior to the Closing Date of each of the following conditions:</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">(A) the representations and warranties of BATL set forth in <u>Article III</u> hereof (other than <u>Sections







            3.02(e)</u>, <u>3.02(f)</u>, <u>3.02(g)</u>, <u>3.07</u>, <u>3.08</u> and <u>3.11</u>) shall be true and correct (disregarding all qualifications or limitations as to materiality or Material Adverse Effect) as of the date of this Agreement
          (except to the extent that such representation or warranty speaks to an earlier date, in which case each of such earlier date), except where the failure of such representations and warranties to be so true and correct would not, individually or
          in the aggregate, have a Material Adverse Effect, and (B) the representations and warranties of BATL set forth in <u>Sections 3.02(e)</u>, <u>3.02(f)</u>, <u>3.02(g)</u>, <u>3.07</u>, <u>3.08</u> and <u>3.11</u> shall be true in all
          material respects as of the date of this Agreement;</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">BATL and its Subsidiaries shall have performed and complied, in all material respects, with all of the
          covenants and agreements required to be performed and complied with by them hereunder on or prior to the Closing Date;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">BATL shall have adopted and filed with the Secretary of State of the State of Delaware the Certificate of
          Designations in the form attached hereto as <u>Exhibit A</u> (the &#8220;<u>Certificate of Designations</u>&#8221;), and the Certificate of Designations shall have become effective as an amendment to BATL&#8217;s Amended and Restated Certificate of Incorporation,
          as amended (the &#8220;<u>BATL Charter</u>&#8221;); and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(iv)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">BATL shall have delivered, or caused to be delivered, to the Purchasers, BATL&#8217;s closing deliveries
          described in <u>Section 2.05</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Conditions of BATL&#8217;s Obligations at Closing</u>. The obligation of BATL to consummate the sale of the
          Purchased Securities to be sold at Closing shall be subject to the satisfaction (or waiver by BATL) on or prior to the Closing Date of each of the following conditions:</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(i)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);">(A) the representations and warranties of each Purchaser set forth in <u>Article IV</u> (other than <u>Sections







            4.02</u>, <u>4.04</u> and <u>4.05</u>) shall be true and correct as of the date of this Agreement (except to the extent that such representation or warranty speaks of an earlier date, in which case such representation or warranty shall be
          true and correct in all material respects as of such date), except where the failure of such representation and warranties to be so true and correct would not, individually or&#160; in&#160; the&#160; aggregate, prevent or materially delay the consummation of
          the transactions contemplated by this Agreement or the ability of the Purchaser to fully perform its covenants and obligations under this Agreement and (B) the representations and warranties of the Purchaser set forth in <u>Sections 4.02</u>, <u>4.04</u>
          and <u>4.05</u> be true in all material respects as of the date of this Agreement;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(ii)</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">each Purchaser shall have performed and complied, in all material respects, with all of the covenants and
          agreements required to be performed and complied with by such Purchaser on or prior to the Closing Date; and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 108pt;"><font style="color: rgb(0, 0, 0);">(iii)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">each Purchaser shall have delivered, or caused to be delivered, to BATL such Purchaser&#8217;s closing
          deliveries as described in <u>Section 2.06</u> of this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>BATL Deliveries</u>. At the Closing, BATL shall deliver or cause to be delivered:</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);">evidence of the Purchased Securities credited to book-entry accounts maintained by the transfer agent of
          BATL representing the Purchased Securities to be purchased and sold at the Closing and meeting the requirements of the Certificate of Designations, free and clear of any Liens, other than the transfer restrictions under applicable federal and
          state securities Laws and other than those arising under the Certificate of Designations or the Delaware Corporations Act, registered in such names as each Purchaser shall have designated;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">cross-receipts, dated as of the Closing Date, executed by BATL and delivered to each of the Purchasers
          certifying as to BATL&#8217;s receipt of payments of the Allocated Purchase Price;</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">a certificate of the Secretary or Assistant Secretary of BATL, certifying as to and attaching </font>(i)<font style="color: rgb(0, 0, 0);"> board resolutions authorizing the execution and delivery of the Basic Documents and the consummation of the transactions contemplated thereby, including the issuance of the Purchased Securities, </font>(ii)<font style="color: rgb(0, 0, 0);"> the BATL Charter and all amendments thereto (including the Certificate of Designations), and BATL&#8217;s Seventh Amended and Restated Bylaws, as amended (the &#8220;<u>BATL Bylaws</u>&#8221;), and </font>(iii)<font style="color: rgb(0, 0, 0);"> the Certificate of Designations being in full force and effect;</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">a certificate of the Secretary of State of the State of Delaware, dated as of a recent date, that BATL is
          in good standing in its jurisdiction of incorporation; and</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="color: rgb(0, 0, 0);">the First Amendment to Registration Rights Agreement in substantially the form attached hereto as <u>Exhibit







            B</u>, which shall have been duly executed by BATL.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.06</font>&#160;&#160;&#160;&#160;&#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Purchasers&#8217; Deliveries</u>. (a) Each of the Purchasers shall pay to BATL its Allocated Purchase
          Price as of the Closing Date, such payments to be made by wire transfers of immediately available funds on the Closing Date to an account designated by BATL at least two (2) Business Days (or such shorter period of time as shall be agreeable by
          all parties hereto) prior to the Closing Date and deliver or cause to be delivered the First Amendment to Registration Rights Agreement in substantially the form attached hereto as <u>Exhibit B</u>, which shall have been duly executed by the
          Required Holders (as defined in the Registration Rights Agreement).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">Each Purchaser (except Luminus Energy Partners Master Fund, LTD) shall deliver or cause to be delivered to
          BATL a properly executed IRS Form W-9 (or any applicable successor form).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Independent Nature of the Purchasers&#8217; Obligations and Rights</u>. The obligations of each
          Purchaser under any Basic Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Basic Document. The
          failure or waiver of performance under any Basic Document of any Purchaser by BATL does not excuse performance by any other Purchaser and the waiver of performance of BATL by any Purchaser does not excuse performance by BATL with respect to each
          other Purchaser. Nothing contained herein or in any other Basic Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of
          entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Basic Documents. Each Purchaser shall be entitled to independently protect
          and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other Basic Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for
          such purpose.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 2.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Further Assurances</u>. From time to time after the date hereof, without further consideration,
          BATL and the Purchasers shall use their commercially reasonable efforts to take, or cause to be taken, all actions necessary to consummate the transactions contemplated by this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE III</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">REPRESENTATIONS AND WARRANTIES OF BATL</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">Except as set forth in any BATL SEC Documents filed or furnished by BATL (excluding any disclosures in such BATL SEC Documents under the headings &#8220;Risk Factors,&#8221;
        &#8220;Forward-Looking Statements&#8221; or &#8220;Qualitative Disclosures About Market Risk&#8221; and other disclosures that are predictive, cautionary or forward looking in nature and any exhibits or other documents appended thereto), BATL represents and warrants to
        each Purchaser as follows:</div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Corporate Existence</u>. BATL </font>(a)<font style="color: rgb(0, 0, 0);"> is a corporation
          duly incorporated, validly existing and in good standing under the laws of the State of Delaware; and </font>(b)<font style="color: rgb(0, 0, 0);"> has all requisite power and authority, and has all governmental licenses, authorizations,
          consents and approvals necessary, to own, lease, use and operate its Properties and carry on its business as its business is now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not
          be reasonably likely to have a Material Adverse Effect. Each of BATL&#8217;s Subsidiaries has been duly incorporated or formed, as the case may be, and is validly existing and in good standing under the laws of the state or other jurisdiction of its
          incorporation or organization, as the case may be, and has all requisite power and authority, and has all governmental licenses, authorizations, consents and approvals necessary, to own, lease, use or operate its respective Properties and carry
          on its business as now being conducted, except where the failure to obtain such licenses, authorizations, consents and approvals would not be reasonably likely to have a Material Adverse Effect. None of BATL nor any of its Subsidiaries are in
          default in the performance, observance or fulfillment of any provision of, in the case of BATL, the BATL Charter or the BATL Bylaws or, in the case of any Subsidiary of BATL, their respective certificate of incorporation, certification of
          formation, bylaws, limited liability company agreement or other similar organizational documents. Each of BATL and its Subsidiaries is duly qualified or licensed and in good standing as a foreign corporation, limited partnership or limited
          liability company, as applicable, and is authorized to do business in each jurisdiction in which the ownership or leasing of its respective Properties or the character of its respective operations makes such qualification necessary, except where
          the failure to obtain such qualification, license, authorization or good standing would not be reasonably likely to have a Material Adverse Effect.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Capitalization and Valid Issuance of Purchased Securities</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">As of the date of this Agreement, the total number of shares of all classes of capital stock, each with a
          par value of $0.0001 per share, which BATL is authorized to issue is 101,000,000 shares, consisting of </font>(i)<font style="color: rgb(0, 0, 0);"> 100,000,000 shares of Common Stock and </font>(ii)<font style="color: rgb(0, 0, 0);"> 1,000,000
          shares of preferred stock.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">As of the date of this Agreement, prior to the issuance and sale of the Purchased Securities at the Closing
          as contemplated hereby, the issued and outstanding capital stock of BATL consists of 16,450,507 shares of Common Stock. As of the date of this Agreement, all outstanding shares of Common Stock have been duly authorized and validly issued in
          accordance with the BATL Charter and BATL Bylaws and are fully paid and nonassessable.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">As of the date of this Agreement, other than the BATL 2020 Long Term Incentive Plan, BATL has no equity
          compensation plans that contemplate the issuance of equity interests of BATL (or securities convertible into or exchangeable for equity interests of BATL). No indebtedness having the right to vote (or convertible into or exchangeable for
          securities having the right to vote) on any matters on which BATL stockholders may vote is issued or outstanding. Except as contemplated by the BATL 2020 Long Term Incentive Plan, there are no outstanding or authorized options, warrants,
          preemptive rights, subscriptions, calls, rights of first refusal, or other rights, convertible or exchangeable securities or written agreements obligating BATL or any of its Subsidiaries to issue, transfer or sell any equity interest in, BATL or
          securities convertible into or exchangeable for such equity interests,&#160; obligations of BATL or any of its Subsidiaries to repurchase, redeem or otherwise acquire any equity interests of BATL or any such securities or agreements listed in <u>clause







            (i)</u> of this sentence or&#160; proxy agreements or voting trusts or similar agreements to which BATL or any of its Subsidiaries is a party with respect to the voting of the equity interests of BATL. Except as contemplated by this Agreement, BATL
          has not entered into any agreements regarding the registration of any equity securities of BATL under the Securities Act.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: rgb(0, 0, 0);">As of the date of this Agreement, neither BATL nor any of its Subsidiaries owns any shares of capital
          stock or other securities of, or interest in, any other Person, or is obligated to make any capital contribution to or any other investment in any other Person. As of the date of this Agreement, BATL owns all of the shares of capital stock or
          other securities of, or interest in, each of its Subsidiaries, which are listed on Exhibit 21.1 to BATL&#8217;s most recent Form 10-K filing with the SEC.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">8</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(e)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; <font style="color: rgb(0, 0, 0);">As of the date of this Agreement, </font>(i)<font style="color: rgb(0, 0, 0);"> all of the issued and
          outstanding equity interests of each of the Subsidiaries of BATL are owned, directly or indirectly, by BATL free and clear of any Liens (except for such restrictions as may exist under applicable Law and except for such Liens as may be imposed
          under the Amended and Restated Senior Secured Credit Agreement dated as of November 24, 2021 by and among BATL, Halc&#243;n Holdings, LLC as borrower, Macquarie Bank Limited, as administrative agents and the lenders party thereto (the &#8220;<u>Credit
            Facility</u>&#8221;) or the organizational documents of such Subsidiaries, as applicable), and all such ownership interests have been duly authorized, validly issued and are fully paid (to the extent required in the organizational documents of such
          Subsidiaries, as applicable) and non-assessable (except as such nonassessability may be affected by matters described in Section 101.206 of the Texas Business Organizations Code, and Sections 18-303, 18-607 and 18-804 of the Delaware Limited
          Liability Company Act) and </font>(ii)<font style="color: rgb(0, 0, 0);"> neither BATL nor any of its Subsidiaries owns any shares of capital stock or other securities of, or interest in, any other Person, or is obligated to make any capital
          contribution to or any other investment in any other Person.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(f)</font>&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">The Purchased Securities being purchased by each of the Purchasers hereunder have been duly authorized by
          BATL pursuant to the BATL Charter and the Certificate of Designations prior to the Closing and, when issued and delivered by BATL to such Purchaser against payment therefor in accordance with the terms of this Agreement and the terms of the
          Purchased Securities, will be validly issued, fully paid and non-assessable and will be free of preemptive rights or any Liens and restrictions on transfer, other than </font>(i)<font style="color: rgb(0, 0, 0);"> restrictions on transfer under
          the Certificate of Designations or this Agreement and under applicable state and federal securities Laws and </font>(ii)<font style="color: rgb(0, 0, 0);"> such Liens as are created by such Purchaser or its Affiliates.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(g)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);">6,000,000 shares of Common Stock, which are issuable upon conversion or redemption of the Series A
          Preferred Stock (or may become issuable within approximately five (5) years following Closing after taking into account potential Unpaid Dividend Accruals (as defined in the Certificate of Designations) during such period), have been duly
          authorized and reserved pursuant to the BATL Charter and the Certificate of Designations and, upon issuance and delivery by BATL to such Purchaser in accordance with this Agreement and the terms of the Purchased Securities, will be duly
          authorized, validly issued, fully paid and non-assessable and will be free of any preemptive rights or any Liens and restrictions on transfer, other than </font>(i)<font style="color: rgb(0, 0, 0);"> restrictions on transfer under the
          Certificate of Designations or this Agreement and under applicable state and federal securities Laws and </font>(ii)<font style="color: rgb(0, 0, 0);"> such Liens as are created by such Purchaser or its Affiliates.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>BATL SEC Documents</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">Since December 31, 2021, BATL has filed with the SEC all forms, reports, schedules and statements required
          to be filed by it under the Exchange Act or the Securities Act (all such documents collectively the &#8220;<u>BATL SEC Documents</u>&#8221;). The BATL SEC Documents, including, without limitation, any audited or unaudited financial statements and any notes
          thereto or schedules included therein (the &#8220;<u>BATL Financial Statements</u>&#8221;), at the time filed (except to the extent corrected by a subsequently filed BATL SEC Document filed prior to the date hereof) </font>(i)<font style="color: rgb(0, 0, 0);"> did not include any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein (in the light of the circumstances under which they were made) not misleading and </font>(ii)<font style="color: rgb(0, 0, 0);"> complied in all material respects with the applicable requirements of the Exchange Act and the Securities Act, as applicable.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">The historical financial statements (including the related notes and supporting schedules) of BATL and its
          Subsidiaries included or incorporated by reference in the BATL SEC Documents comply as to form in all material respects with the requirements of Regulation S-X under the Securities Act and present fairly in all material respects the financial
          condition, results of operations and cash flows of the entities purported to be shown thereby, at the dates and for the periods indicated and have been prepared in conformity with GAAP applied on a consistent basis throughout the periods
          involved, except to the extent described therein.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">9</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">Deloitte &amp; Touche LLP is an independent, registered public accounting firm with respect to BATL and
          has not resigned or been dismissed as independent public accountants of BATL as a result of or in connection with any disagreement with BATL on a matter of accounting principles or practices, financial statement disclosure or auditing scope or
          procedure. Except as disclosed in the BATL SEC Documents, since the date of the most recent balance sheet of BATL reviewed or audited by Deloitte &amp; Touche LLP, BATL has not been advised of </font>(i)<font style="color: rgb(0, 0, 0);"> any
          significant deficiencies or material weakness in the design or operation of internal controls that are reasonably likely to adversely affect BATL&#8217;s ability to record, process, summarize and report financial information and </font>(ii)<font style="color: rgb(0, 0, 0);"> any fraud, whether or not material, that involves management or other employees who have a significant role in BATL&#8217;s internal controls over financial reporting.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.04</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Operations in the Ordinary Course</u>. Since the date of BATL&#8217;s most recent Form 10-K filing with
          the SEC, BATL and its Subsidiaries have conducted their respective businesses in the ordinary course, consistent with past practice, and there has been no </font>(a)<font style="color: rgb(0, 0, 0);"> acquisition or disposition of any material
          asset by BATL or any of its Subsidiaries or any contract or arrangement therefor, other than acquisitions or dispositions for fair value in the ordinary course of business, acquisitions or dispositions as disclosed in the BATL SEC Documents or </font>(b)<font style="color: rgb(0, 0, 0);"> material change in BATL&#8217;s accounting principles, practices or methods.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.05</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Litigation</u>. There is no action, suit, or proceeding pending or, to BATL&#8217;s knowledge,
          threatened against or affecting any of BATL or its Subsidiaries or any of their respective officers, directors, properties or assets, which </font>(a)<font style="color: rgb(0, 0, 0);"> questions the validity of this Agreement or the Basic
          Documents or the right of BATL to enter into this Agreement or the Basic Documents or the right to consummate the transactions contemplated by the Basic Documents or </font>(b)<font style="color: rgb(0, 0, 0);"> individually or in the aggregate,
          would be reasonably likely to result in a Material Adverse Effect.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>No Conflicts; Compliance with Laws</u>. The execution, delivery and performance by BATL of the
          Basic Documents and compliance by BATL with the terms and provisions thereof, and the issuance and sale by BATL of the Purchased Securities, does not and will not assuming the accuracy of the representations and warranties of the Purchasers
          contained herein and their compliance with the covenants contained herein, violate any provision of any Law or permit having applicability to BATL or any of its Subsidiaries or any of their respective Properties,&#160; conflict with or result in a
          violation or breach of any provision of the BATL Charter, the BATL Bylaws or any organizational documents of any of BATL&#8217;s Subsidiaries, require any consent, approval or notice under or result in a violation or breach of or constitute (with or
          without due notice or lapse of time or both) a default (or give rise to any right of termination, cancellation or acceleration) under any contract, agreement, instrument, obligation, note, bond, mortgage, license, loan or credit agreement to
          which BATL or any of its Subsidiaries is a party or by which BATL or any of its Subsidiaries or any of their respective Properties may be bound or result in or require the creation or imposition of any Lien upon or with respect to any of the
          Properties now owned or hereafter acquired by BATL or any of its Subsidiaries, except in the case of <u>clauses (a)</u>, <u>(c)</u> and <u>(d)</u> where any such conflict, violation, default, breach, termination, cancellation, failure to
          receive consent, approval or notice, or acceleration with respect to the foregoing provisions of this <u>Section 3.06</u> would not be, individually or in the aggregate, reasonably likely to result in a Material Adverse Effect.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">10</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Authority, Enforceability</u>. BATL has all necessary corporate power and authority to execute,
          deliver and perform its obligations under the Basic Documents, and the execution, delivery and performance by BATL of the Basic Documents has been duly authorized by all necessary action on the part of BATL. Other than the Schedule 14C Action and<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup>the filing of the Certificate of Designations, all corporate action required to be taken by BATL for the authorization, issuance, sale and delivery of the Purchased
          Securities, the execution, delivery and performance of the Basic Documents by BATL, and the consummation of the transactions contemplated by the Basic Documents has been validly taken. This Agreement has been duly and validly authorized, executed
          and delivered by BATL and constitutes and, when executed and delivered by BATL the other Basic Documents will be duly and validly authorized, executed and delivered by BATL and will constitute, the legal, valid and binding obligations of BATL,
          enforceable in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer and similar Laws affecting creditors&#8217; rights generally or by general principles of equity and except as the
          rights to indemnification may be limited by applicable Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Approvals</u>. Except for the approvals required by the SEC in connection with any registration
          statement filed under the Registration Rights Agreement, the Schedule 14C Action, and for approvals that have already been obtained, no authorization, consent, approval, waiver, license, qualification or written exemption from, nor any filing,
          declaration, qualification or registration with, any Governmental Authority or any other Person is required in connection with the execution, delivery or performance by BATL of any of the Basic Documents, except for </font>(a)<font style="color: rgb(0, 0, 0);"> the filing of the Certificate of Designations in the office of the Secretary of State of Delaware or the filing with the SEC of a Current Report on Form 8-K and </font>(b)<font style="color: rgb(0, 0, 0);"> where the failure to
          receive such authorization, consent, approval, waiver, license, qualification or written exemption from, or to make such filing, declaration, qualification or registration would not, individually or in the aggregate, be reasonably likely to have
          a Material Adverse Effect. The Board has adopted and approved resolutions to cause any acquisitions or dispositions of Series A Preferred Stock and Conversion Shares in connection with this Agreement or pursuant to the terms of the Certificate of
          Designations by each Purchaser to be exempt under Rule 16b-3 under the Exchange Act.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Investment Company Status</u>. BATL is not and, immediately after the sale of the Purchased
          Securities and the application of the net proceeds from such sale will not be, required to register as an &#8220;investment company&#8221; or a company controlled by an &#8220;investment company&#8221; within the meaning of the Investment Company Act of 1940, as
          amended.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.10</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Certain Fees</u>. No fees or commissions are or will be payable by BATL to brokers, finders or
          investment bankers with respect to the sale of any of the Purchased Securities or the consummation of the transactions contemplated by this Agreement. BATL agrees that it will indemnify and hold harmless each Purchaser from and against any and
          all claims, demands, or liabilities for broker&#8217;s, finder&#8217;s, placement, or other similar fees or commissions incurred by BATL or alleged to have been incurred by BATL in connection with the sale of the Purchased Securities or the consummation of
          the transactions contemplated by this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.11</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Books and Records; Sarbanes-Oxley Compliance</u>.&#160; BATL makes and keeps accurate books and
          records in all material respects. There is and has been no failure on the part of BATL or any of BATL&#8217;s directors or officers, in their capacities as such, to comply in all material respects with the provisions of the Sarbanes-Oxley Act of 2002
          and the rules and regulations promulgated in connection therewith.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.12</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Listing and Maintenance Requirements</u>.&#160; As of the Closing, the Common Stock is listed on the
          NYSE, and BATL has not received any notice of delisting that is in effect as of the date of this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.13</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Insurance</u>.&#160; BATL and its Subsidiaries are insured by insurers of recognized financial
          responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged. BATL does not have any reason to believe that it or any Subsidiary will not be able to renew its existing
          insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">11</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 3.14</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Title to Interests</u>. BATL and its Subsidiaries have (a) generally satisfactory title to all of
          their interests in their producing oil and gas properties and to all of their material interests in non-producing oil and gas properties, title investigations having been carried out by BATL its Subsidiaries, as applicable, in accordance with the
          general practice in the oil and gas industry, (b) good and indefeasible title to all other real property owned by them that is material to BATL and its Subsidiaries, taken as a whole, and (c) good and valid title to all personal property owned by
          them that is material to BATL and its Subsidiaries, taken as a whole, in each case free and clear of all liens, encumbrances and defects, except such liens, encumbrances and defects as (i) do not materially interfere with the use made and
          proposed to be made of such property by BATL or its Subsidiaries or (ii) would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.</font></div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE IV</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">Each Purchaser, severally and not jointly, hereby represents and warrants to BATL as follows:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 4.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Existence</u>. Such Purchaser is&#160; duly organized and validly existing and in good standing
          under the laws of its state of formation, with all necessary power and authority to own properties and to conduct its business as currently conducted.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 4.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Authorization, Enforceability</u>. Such Purchaser has all necessary legal power and authority
          to enter into, deliver and perform its obligations under this Agreement and the Basic Documents to which such Purchaser is or will be a party. The execution, delivery and performance by such Purchaser of this Agreement and the Basic Documents to
          which such Purchaser is or will be a party and the consummation by it of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary legal action, and no further consent or authorization of such
          Purchaser is required. This Agreement and the Basic Documents to which such Purchaser is or will be a party have been duly executed and delivered by such Purchaser and constitute or, when executed by such Purchaser, will constitute legal, valid
          and binding obligations of such Purchaser, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer and similar Laws affecting creditors&#8217; rights generally or by general principles of equity and except as the
          rights to indemnification may be limited by applicable Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 4.03</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>No Breach</u>. The execution, delivery and performance of this Agreement and the Basic Documents
          by such Purchaser and the consummation by such Purchaser of the transactions contemplated hereby or thereby will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any
          material agreement to which such Purchaser is a party or by which such Purchaser is bound or to which any of the property or assets of such Purchaser is subject,&#160; conflict with or result in any violation of the provisions of the organizational
          documents of such Purchaser or violate any statute, order, rule or regulation of any court or governmental agency or body having jurisdiction over such Purchaser or the property or assets of such Purchaser, except in the case of <u>clauses (a)</u>
          and <u>(c)</u>, for such conflicts, breaches, violations or defaults as would not have a material adverse effect on the ability to consummate the transactions contemplated by this Agreement and the Basic Documents.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">12</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 4.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Approvals</u>. Except for approvals that have already been obtained, no authorization, consent,
          approval, waiver, license, qualification or written exemption from, nor any filing, declaration, qualification or registration with, any Governmental Authority or any other Person is required in connection with the execution, delivery or
          performance by such Purchaser of any of the Basic Documents, except where the failure to receive such authorization, consent, approval, waiver, license, qualification or written exemption from, or to make such filing, declaration, qualification
          or registration would not have a material adverse effect on the ability to consummate the transactions contemplated by this Agreement and the Basic Documents.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 4.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Certain Fees</u>. No fees or commissions are or will be payable by such Purchaser to brokers,
          finders or investment bankers with respect to the purchase of any of the Purchased Securities or the consummation of the transactions contemplated by this Agreement. Such Purchaser agrees, severally and not jointly with any other Purchaser, that
          it will indemnify and hold harmless BATL from and against any and all claims, demands or liabilities for broker&#8217;s, finder&#8217;s, placement, or other similar fees or commissions incurred by such Purchaser or alleged to have been incurred by such
          Purchaser in connection with the purchase of the Purchased Securities or the consummation of the transactions contemplated by this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 4.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Unregistered Securities</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify;"><font style="color: rgb(0, 0, 0);"><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> &#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>(a)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Accredited Investor
            Status; Sophisticated Purchasers</u>. Such Purchaser is an &#8220;accredited investor&#8221; within the meaning of Rule 501 under the Securities Act and is able to bear the risk of its investment in Purchased Securities and the Conversion Shares. Such
          Purchaser has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the purchase of the Purchased Securities and the Conversion Shares.</font> </div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Information</u>. Such Purchaser and its Representatives have been furnished with all materials relating
          to the business, finances and operations of BATL as such Purchaser considers necessary or appropriate to make an informed investment decision with respect to the Purchased Securities. Such Purchaser and its Representatives have been afforded the
          opportunity to ask questions of BATL. Neither such inquiries nor any other due diligence investigations conducted at any time by any Purchaser and Representatives shall modify, amend or affect such Purchaser&#8217;s right&#160; to rely on BATL&#8217;s
          representations and warranties contained in <u>Article III</u> above or&#160; to indemnification or any other remedy contemplated herein or therein based on, or with respect to the accuracy or inaccuracy of, or compliance with, the representations,
          warranties, covenants and agreements in this Agreement or any Basic Document. Such Purchaser understands that the purchase of the Purchased Securities involves a high degree of risk. Such Purchaser has sought such accounting, legal and tax advice
          as it has considered necessary to make an informed investment decision with respect to its acquisition of the Purchased Securities.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Cooperation</u>. Such Purchaser shall cooperate reasonably with BATL to provide any information
          necessary for any applicable securities filings required to be made by BATL.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(d)</font>&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Legends</u>. Such Purchaser understands that the Purchased Securities will bear a restrictive legend
          substantially in the form as set forth in the Certificate of Designations.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(e)</font>&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Purchase Representation</u>. Such Purchaser is purchasing the Purchased Securities for its own account
          and not with a view to distribution in violation of any securities laws. Such Purchaser has been advised and understands that none of the Purchased Securities, or the Conversion Shares have been registered under the Securities Act or under the
          &#8220;blue sky&#8221; laws of any jurisdiction and may be resold only if registered pursuant to the provisions of the Securities Act (or if eligible, pursuant to the provisions of Rule 144 promulgated under the Securities Act or pursuant to another
          available exemption from the registration requirements of the Securities Act). Such Purchaser has been advised and understands that BATL, in issuing the Purchased Securities, is relying upon, among other things, the representations and warranties
          of such Purchaser contained in this <u>Article IV</u> in concluding that such issuance is a &#8220;private offering&#8221; and is exempt from the registration provisions of the Securities Act.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">13</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(f)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Rule 144</u>. Such Purchaser understands that there is no public trading market for the Purchased
          Securities, that none is expected to develop and that the Purchased Securities must be held indefinitely unless and until the Purchased Securities, or the Conversion Shares, as applicable, are registered under the Securities Act or an exemption
          from registration is available. Such Purchaser has been advised of and is aware of the provisions of Rule 144 promulgated under the Securities Act.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(g)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Reliance by BATL</u>. Such Purchaser understands that the Purchased Securities are being offered and
          sold in reliance on a transactional exemption from the registration requirements of federal and state securities laws and that BATL is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and
          understandings of such Purchaser set forth herein in order to determine the applicability of such exemptions and the suitability of such Purchaser to acquire the Purchased Securities, and the Conversion Shares. Such Purchaser understands the
          Conversion Shares may not be listed on a national securities exchange.</font></div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE V</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">OTHER COVENANTS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 5.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Voting Rights.</u> Without the affirmative vote or prior written consent of Purchasers holding
          at least two-thirds (66 <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup>/<sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">3</sub>%) of the shares of Series A Preferred Stock held by the
          Purchasers, if any, that hold (together with its Affiliates) at least fifty (50%) of the Series A Preferred Stock such Purchaser (together with its Affiliates) purchased pursuant to this Agreement, BATL agrees that it will not enter into any
          transaction that is expected to result in a Change of Control unless, in connection with such transaction, each holder of outstanding shares of Series A Preferred Stock will have the option to receive a cash payment per share of Purchased
          Securities held by such Purchaser at the time of such Change of Control transaction equal to the then applicable Redemption Price (as defined in the Certificate of Designations).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 5.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Information Statement</u>.&#160; Following the delivery to BATL of a Stockholder Consent,&#160; which
          shall not be delivered by any Purchaser earlier than ninety (90) days following the Closing (or two hundred ten (210) days following the Closing if the Board has approved the delisting of the Common Stock from the NYSE within ninety (90) days
          following the Closing) without BATL&#8217;s prior written consent, BATL shall promptly file with the SEC a preliminary Information Statement on Schedule 14C; provided that BATL shall not be obligated to file such preliminary Information Statement on
          Schedule 14C if the Common Stock is not listed on a national securities exchange that requires approval of the issuance of the Conversion Shares.&#160; BATL shall use commercially reasonable efforts to promptly provide responses to the SEC with
          respect to all comments received on such Information Statement from the SEC, and BATL shall cause the definitive Schedule 14C Information Statement to be mailed promptly after the date the SEC staff advises that it has no further comments thereon
          or that BATL may commence mailing the Information Statement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 5.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Disclosure of Transactions</u>.&#160; On or before 5:30 p.m., New York City time, on or before the
          fourth (4th) Business Day following the date of this Agreement, BATL shall file a Current Report on Form 8-K or shall make disclosures in lieu thereof in its Annual Report on Form 10-K describing the terms and conditions of the transactions
          contemplated by this Agreement and the Basic Documents.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">14</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE VI</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">INDEMNIFICATION, COSTS AND EXPENSES</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 6.01</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Indemnification by BATL</u>. BATL agrees to indemnify each Purchaser, its Affiliates and their
          respective Representatives (collectively, the &#8220;<u>Purchaser Related Parties</u>&#8221;) from, and hold each of them harmless against, any and all losses, actions, suits, proceedings (including any investigations, litigation or inquiries), demands and
          causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, liabilities, damages or expenses of any kind or nature whatsoever (including the reasonable fees and
          disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted against or involve any of them), whether or not
          involving a third party claim, as a result of, arising out of, or in any way related to (a) the failure of (i) the representations and warranties of BATL set forth in <u>Article III</u> hereof (other than <u>Sections 3.02(e)</u>, <u>3.02(f)</u>,
          <u>3.02(g)</u>, <u>3.07</u>, <u>3.08</u> and <u>3.11</u>) to be true and correct (disregarding all qualifications or limitations as to materiality or Material Adverse Effect) as of the date of this Agreement (except to the extent that such
          representation or warranty speaks to an earlier date, in which case each of such earlier date), except where the failure of such representations and&#160; warranties to be so true and correct would not, individually or in the aggregate, have a
          Material Adverse Effect, or (ii) the representations and warranties of BATL set forth in <u>Sections 3.02(e)</u>, <u>3.02(f)</u>, <u>3.02(g)</u>, <u>3.07</u>, <u>3.08</u> and <u>3.11</u> to be true in all material respects as of the date of
          this Agreement; or (b) the material breach of any covenants of BATL contained herein, provided that, in the case of the immediately preceding <u>clause (a)</u>, such claim for indemnification is made prior to the expiration of such
          representation or warranty; provided, further, that for purposes of determining when an indemnification claim has been made, the date upon which a Purchaser Related Party shall have given notice (stating in reasonable detail the basis of the
          claim for indemnification) to BATL shall constitute the date upon which such claim has been made.&#160; The maximum liability of BATL to any Purchaser Related Party with respect to any claim pursuant to this <u>Section 6.01</u> shall not be greater
          in amount than such Purchaser&#8217;s Allocated Purchase Price.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 6.02</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Indemnification by the Purchasers</u>. Each Purchaser agrees, severally and not jointly, to
          indemnify BATL, its controlled Affiliates and their respective Representatives (collectively, the &#8220;<u>BATL Related Parties</u>&#8221;) from, and hold each of them harmless against, any and all losses, actions, suits, proceedings (including any
          investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, liabilities, damages or expenses of any kind or nature
          whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted against
          or involve any of them), whether or not involving a third party claim, as a result of, arising out of, or in any way related to (a) the failure of any of the representations or warranties made by such Purchaser contained herein to be true and
          correct in all material respects as of the date hereof or (b) the material breach of any of the covenants of such Purchaser contained herein, provided that, in the case of the immediately preceding <u>clause (a)</u>, such claim for
          indemnification relating to a breach of any representation or warranty is made prior to the expiration of such representation or warranty; provided, however, that for purposes of determining when an indemnification claim has been made, the date
          upon which a BATL Related Party shall have given notice (stating in reasonable detail the basis of the claim for indemnification) to such Purchaser shall constitute the date upon which such claim has been made; provided, further, that the
          liability of such Purchaser shall not be greater in amount than such Purchaser&#8217;s Allocated Purchase Price.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">15</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 6.03</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Indemnification Procedure</u>. A claim for indemnification for any matter not involving a third
          party claim may be asserted by notice to the party from whom indemnification is sought; provided, however, that failure to so notify the indemnifying party shall not preclude the indemnified party from any indemnification which it may claim in
          accordance with this <u>Article VI</u>, except as otherwise provided in <u>Sections 6.01</u> and <u>6.02</u>. Promptly after any BATL Related Party or Purchaser Related Party (hereinafter, the &#8220;<u>Indemnified Party</u>&#8221;) has received notice of
          any indemnifiable claim hereunder, or the commencement of any action, suit or proceeding by a third person, which the Indemnified Party believes in good faith is an indemnifiable claim under this Agreement, the Indemnified Party shall give the
          indemnitor hereunder (the &#8220;<u>Indemnifying Party</u>&#8221;) written notice of such claim or the commencement of such action, suit or proceeding, but failure to so notify the Indemnifying Party will not relieve the Indemnifying Party from any liability
          it may have to such Indemnified Party hereunder except to the extent that the Indemnifying Party is materially prejudiced by such failure. Such notice shall state the nature and the basis of such claim to the extent then known. The Indemnifying
          Party shall have the right to defend and settle, at its own expense and by its own counsel, any such matter as long as the Indemnifying Party pursues the same diligently and in good faith. If the Indemnifying Party undertakes to defend or settle
          such claim, it shall promptly after such determination, and in no event later than five (5) days, notify the Indemnified Party of its intention to do so, and the Indemnified Party shall cooperate with the Indemnifying Party and its counsel in all
          commercially reasonable respects in the defense thereof and/or the settlement thereof. Such cooperation shall include, but shall not be limited to, furnishing the Indemnifying Party with any books, records and other information reasonably
          requested by the Indemnifying Party and in the Indemnified Party&#8217;s possession or control relevant to the claim. Such cooperation of the Indemnified Party shall be at the cost of the Indemnifying Party. After the Indemnifying Party has notified
          the Indemnified Party of its intention to undertake to defend or settle any such asserted liability, and for so long as the Indemnifying Party diligently pursues such defense, the Indemnifying Party shall not be liable for any additional legal
          expenses incurred by the Indemnified Party in connection with any defense or settlement of such asserted liability; provided, however, that the Indemnified Party shall be entitled&#160; at its expense, to participate in the defense of such asserted
          liability and the negotiations of the settlement thereof and&#160; if&#160; the Indemnifying Party has, within ten (10) Business Days of when the Indemnified Party provides written notice of a claim, failed to assume the defense or settlement of such claim
          and employ counsel or&#160; to notify the Indemnified Party of such assumption or&#160; if the defendants in any such action include both the Indemnified Party and the Indemnifying Party and counsel to the Indemnified Party shall have concluded that there
          may be reasonable defenses available to the Indemnified Party that are different from or in addition to those available to the Indemnifying Party or if the interests of the Indemnified Party reasonably may be deemed to conflict with the interests
          of the Indemnifying Party, then the Indemnified Party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the expenses and fees of such separate
          counsel and other expenses related to such participation to be reimbursed by the Indemnifying Party as incurred. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not settle any indemnified claim without the
          consent of the Indemnified Party, unless the settlement thereof imposes no liability or obligation on, and includes a complete release from liability of, and does not contain any admission of wrong doing by, the Indemnified Party.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);"><u>Section 6.04</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Limitation on Damages; Sole Remedy</u>.&#160; Notwithstanding any other provision of this
          Agreement, neither party shall be liable for any exemplary or punitive damages or any other damages to the extent not reasonably foreseeable arising out of or in connection with this Agreement or the transactions contemplated hereby (in each
          case, unless any such damages are awarded pursuant to a third party claim).&#160; Except as contemplated by <u>Sections 7.13 and 7.15</u>, the right to indemnification set forth in this <u>Article VI</u> shall be the sole and exclusive remedy of the
          parties resulting from, arising out of, or in any way related to the transactions contemplated by this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 6.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Tax Treatment of Indemnification Payments</u>. Any indemnification payments made under this <u>Article







            VI</u> shall be treated for all tax purposes as an adjustment to the relevant Purchaser&#8217;s Allocated Purchase Price except as otherwise required by applicable Law.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">16</font></div>
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      </div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">ARTICLE VII</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">MISCELLANEOUS</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.01</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Expenses</u>. BATL hereby covenants and agrees to reimburse the Purchasers for their reasonable
          and documented out-of-pocket fees and expenses (including fees and expenses of the Purchasers&#8217; advisors) incurred in connection with this Agreement and the transactions contemplated hereby.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.02</font>&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Interpretation</u>. Article, Section, Schedule and Exhibit references in this Agreement are
          references to the corresponding Article, Section, Schedule or Exhibit to this Agreement, unless otherwise specified. All Exhibits and Schedules to this Agreement are hereby incorporated and made a part hereof as if set forth in full herein and
          are an integral part of this Agreement. All references to instruments, documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and otherwise modified
          from time to time, unless otherwise specified. The word &#8220;including&#8221; shall mean &#8220;including but not limited to&#8221; and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately
          following it. Whenever BATL has an obligation under the Basic Documents, the expense of complying with that obligation shall be an expense of BATL unless otherwise specified. Any reference in this Agreement to $ shall mean U.S. dollars. Whenever
          any determination, consent or approval is to be made or given by any Purchaser, such action shall be in such Purchaser&#8217;s sole discretion, unless otherwise specified in this Agreement. If any provision in the Basic Documents is held to be illegal,
          invalid, not binding or unenforceable, </font>(i)<font style="color: rgb(0, 0, 0);"> such provision shall be fully severable and the Basic Documents shall be construed and enforced as if such illegal, invalid, not binding or unenforceable
          provision had never comprised a part of the Basic Documents, and the remaining provisions shall remain in full force and effect and </font>(ii)<font style="color: rgb(0, 0, 0);"> the parties hereto shall negotiate in good faith to modify the
          Basic Documents so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. When
          calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to the Basic Documents, the date that is the reference date in calculating such period shall be excluded. If the last day of
          such period is a non-Business Day, the period in question shall end on the next succeeding Business Day. Any words imparting the singular number only shall include the plural and vice versa. The words such as &#8220;herein,&#8221; &#8220;hereinafter,&#8221; &#8220;hereof&#8221; and
          &#8220;hereunder&#8221; refer to this Agreement as a whole and not merely to a subdivision in which such words appear unless the context otherwise requires. The provision of a Table of Contents, the division of this Agreement into Articles, Sections and
          other subdivisions and the insertion of headings are for convenience of reference only and shall not affect or be utilized in construing or interpreting this Agreement.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.03</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Survival of Provisions</u>. The representations and warranties set forth in <u>Sections
            3.02(e)</u>, <u>3.02(f)</u>, <u>3.02(g)</u>, <u>3.07</u>, <u>3.08</u>, <u>3.11</u>, <u>4.02</u>, <u>4.04</u> and <u>4.06</u> hereunder shall survive until the expiration of the applicable statute of limitations, and the other
          representations and warranties set forth herein shall survive for a period of six (6) months following the Closing Date regardless of any investigation made by or on behalf of BATL or the Purchasers. The covenants made in this Agreement or any
          other Basic Document shall survive the Closing and remain operative and in full force and effect until fully performed or fulfilled, unless and to the extent that non-compliance with such covenants or agreements is waived in writing by the party
          entitled to such performance.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.04</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>No Waiver; Modifications in Writing</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Delay</u>. No failure or delay on the part of any party in exercising any right, power or remedy
          hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies provided for
          herein are cumulative and are not exclusive of any remedies that may be available to a party at law or in equity or otherwise.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">17</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Specific Waiver</u>. Except as otherwise provided herein, no amendment, waiver, consent, modification
          or termination of any provision of this Agreement or any other Basic Document shall be effective unless signed by each of the parties hereto or thereto affected by such amendment, waiver, consent, modification or termination. Any amendment,
          supplement or modification of or to any provision of this Agreement or any other Basic Document, any waiver of any provision of this Agreement or any other Basic Document and any consent to any departure by BATL from the terms of any provision of
          this Agreement or any other Basic Document shall be effective only in the specific instance and for the specific purpose for which made or given. Except where notice is specifically required by this Agreement, no notice to or demand on BATL in
          any case shall entitle BATL to any other or further notice or demand in similar or other circumstances. Any investigation by or on behalf of any party shall not be deemed to constitute a waiver by the party taking such action of compliance with
          any representation, warranty, covenant or agreement contained herein.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.05</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Binding Effect; Assignment</u>.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);"><u>Binding Effect</u>. This Agreement shall be binding upon BATL, each Purchaser and their respective
          successors and permitted assigns. Except as expressly provided in this Agreement, this Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors
          and permitted assigns.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Assignment of Purchased Securities</u>. All or any portion of Purchased Securities purchased pursuant to
          this Agreement may be sold, assigned or pledged by the Purchasers, subject to compliance with applicable securities Laws, and the Registration Rights Agreement, and, except as provided in the Basic Documents, any such assignment shall not affect
          the rights of the Purchasers hereunder.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Assignment of Rights</u>. Each Purchaser&#8217;s rights and obligations hereunder (including the right to seek
          indemnification) may not be transferred or assigned in whole or in part by such Purchaser to any Affiliate of such Purchaser without the consent of BATL or the other parties hereto; provided that no such consent shall be required for a Purchaser
          to transfer its rights and obligations hereunder to an Affiliate to which such Purchaser is also transferring its shares of Series A Preferred Stock. Upon any such permitted transfer or assignment, references in this Agreement to the Purchasers
          (as they apply to the transferor or assignor, as the case may be) shall thereafter be deemed to include a reference to such transferee or assignee of such Purchaser unless the context otherwise requires and such transferee or assignee of such
          Purchaser shall be third party beneficiaries to this Agreement entitled to the rights and benefits applicable to them hereunder and may enforce the provisions hereof as if it were a party hereto. Without the written consent of BATL, which consent
          shall not be unreasonably withheld, no portion of the rights and obligations of any Purchaser under this Agreement may be assigned or transferred by such Purchaser or such a transferee of Purchased Securities to a Person that is not an Affiliate
          of such Purchaser. No portion of the rights and obligations of BATL under this Agreement may be transferred or assigned without the prior written consent of the Purchasers, which consent shall not be unreasonably withheld.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.06</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Non-Disclosure</u>. BATL, its Subsidiaries and any of their respective Representatives shall
          disclose the identity of, or any other information concerning, any Purchaser or any of their Affiliates only after providing such Purchaser a reasonable opportunity to review and comment on such disclosure (with such comments being incorporated
          or reflected in any such disclosure); provided, however, that nothing in this <u>Section 7.06</u> shall delay any required filing or other disclosure with the SEC, the NYSE or any Governmental Authority or otherwise hinder BATL, their
          Subsidiaries or their Representatives&#8217; ability to timely comply with all laws or rules and regulations of the SEC, the NYSE or other Governmental Authority.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">18</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.07</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Communications</u>. All notices and demands provided for hereunder shall be (a) in writing and
          shall be given by registered or certified mail, return receipt requested, air courier guaranteeing overnight delivery or personal delivery and (b) via e-mail, to the following addresses:</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 72pt; color: rgb(0, 0, 0);">If to the Purchasers:</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">At such address indicated on <u>Schedule A</u> attached hereto.</div>
      <div>&#160;</div>
      <div style="text-align: justify; margin-left: 72pt; color: rgb(0, 0, 0);">If to BATL:</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Battalion Oil Corporation</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">3505 West Sam Houston Parkway North, Suite 300</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Houston, Texas 77043</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Attention: Walter R. Mayer</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">E-mail: <u>wmayer@battalionoil.com</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0);">with a copy (which shall not constitute notice) to:</div>
      <div>&#160;</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Weil, Gotshal &amp; Manges LLP</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">201 Redwood Shores Parkway, Suite 400</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Redwood City, CA 94065</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Attn: Kyle C. Krpata / Nicholas Doloresco</div>
      <div style="margin-left: 72pt; color: rgb(0, 0, 0);">Email: <u>kyle.krpata@weil.com</u> / <u>nicholas.doloresco@weil.com</u></div>
      <div>&#160;</div>
      <div style="text-align: justify; color: rgb(0, 0, 0);">or to such other address as BATL or such Purchaser may designate in writing. All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally
        delivered; upon actual receipt if sent by certified or registered mail, return receipt requested, or regular mail, if mailed; upon actual receipt if sent by overnight courier copy; when receipt is acknowledged, if sent via e-mail; and upon actual
        receipt when delivered to an air courier guaranteeing overnight delivery.</div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.08</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Removal of Legend</u>. Each holder of Series A Preferred Stock may request BATL to remove the
          legend described in <u>Section 4.06(d)</u> from the certificates evidencing the Purchased Securities by submitting to BATL customary representation letters. BATL shall cooperate with reasonable requests of such holder of Series A Preferred Stock
          to effect the removal of such legend. The holders of Series A Preferred Stock are third party beneficiaries of this Section 7.08.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.09</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Entire Agreement</u>. This Agreement, the other Basic Documents and the other agreements and
          documents referred to herein are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter
          contained herein and therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein or the other Basic Documents with respect to the rights granted by BATL or any of its Affiliates or
          the Purchasers or any of their Affiliates set forth herein or therein. This Agreement, the other Basic Documents and the other agreements and documents referred to herein or therein supersede all prior agreements and understandings between the
          parties with respect to such subject matter.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">19</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.10</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Governing Law; Submission to Jurisdiction</u>. This Agreement, and all claims or causes of
          action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to
          any representation or warranty made in or in connection with this Agreement), will be construed in accordance with and governed by the laws of the State of Delaware without regard to principles of conflicts of laws. Any action against any party
          relating to the foregoing shall be brought in any federal or state court of competent jurisdiction located within the State of Delaware, and the parties hereto hereby irrevocably submit to the non-exclusive jurisdiction of any federal or state
          court located within the State of Delaware over any such action. The parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection which they may now or hereafter have to the laying of venue of any such
          dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each of the parties hereto agrees that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any
          other manner provided by Law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.11</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Waiver of Jury Trial</u>. EACH OF THE PARTIES TO THIS AGREEMENT EACH HEREBY WAIVES, AND AGREES
          TO CAUSE ITS AFFILIATES TO WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION </font>(i)<font style="color: rgb(0, 0, 0);"> ARISING UNDER THIS AGREEMENT OR </font>(ii)<font style="color: rgb(0, 0, 0);"> IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING,
          AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. EACH OF THE PARTIES TO THIS AGREEMENT HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO
          THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.12</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Execution in Counterparts</u>. This Agreement may be executed in any number of counterparts and
          by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. A
          signed copy of this Agreement delivered by portable document format (PDF) or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement; provided, however, that
          each party hereto shall deliver an original signed copy of this Agreement executed by such party to any other party hereto promptly upon the request of any such other party.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.13</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>Specific Performance</u>.&#160; The parties agree that irreparable damage would occur in the event
          that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached.&#160; It is accordingly agreed that, without the necessity of posting bond or other undertaking, the parties shall be
          entitled to specific performance of the terms hereof, this being in addition to any other remedies to which they are entitled at law or equity, and in the event that any action or suit is brought in equity to enforce the provisions of this
          Agreement, and no party will allege, and each party hereby waives, the defense or counterclaim that there is an adequate remedy at law.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);"><u>Section 7.14</u></font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);"><u>No Recourse</u>.&#160; This Agreement may only be enforced against, and any claims or causes
          of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the entities that are expressly identified as parties hereto, including permitted
          assignees and successors, or that agree in writing for the benefit of BATL to be bound by the terms of this Agreement applicable to the Purchasers, and no former, current or future equityholders, controlling persons, directors, officers,
          employees, agents or Affiliates of any party hereto or any former, current or future equityholder, controlling person, director, officer, employee, general or limited partner, member, manager, advisor, agent or Affiliate of any of the foregoing
          (each, a &#8220;<u>Non-Recourse Party</u>&#8221;) shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by reason of, the
          transactions contemplated hereby or in respect of any representations made or alleged to be made in connection herewith.&#160; Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of its
          Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non-Recourse Party.</font></div>
      <div>&#160;</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">20</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="color: rgb(0, 0, 0);">Section 7.15</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);"><u>Certain Tax Matters.</u></font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">BATL shall pay any and all documentary, stamp or similar issue or transfer tax due on </font>(i)<font style="color: rgb(0, 0, 0);"> the issue of the Purchased Securities and </font>(ii)<font style="color: rgb(0, 0, 0);"> the issue of shares of Common Stock upon conversion or redemption of the Purchased Securities.</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0);">The Purchasers and BATL agree not to treat the Series A Preferred Stock (based on the terms as set forth in
          the Certificate of Designations) as &#8220;preferred stock&#8221; within the meaning of Section 305 of the Code and U.S. Treasury Regulation &#167; 1.305-5 for U.S. federal income tax and withholding tax purposes and shall not take any position inconsistent with
          such treatment, including on any applicable U.S. federal income or state tax return or in connection with any audit or other proceeding, except as required by a final &#8220;determination&#8221; within the meaning of Section 1313(a) of the Code (or similar
          provisions of state tax law).</font></div>
      <div>&#160;</div>
      <div style="text-align: justify; text-indent: 72pt;"><font style="color: rgb(0, 0, 0);">(c)</font>&#160;&#160;&#160;&#160; &#160; &#160; <font style="color: rgb(0, 0, 0);">BATL agrees that, provided that each Purchaser delivers to BATL a properly executed IRS Form W-9, or
          similar form sufficient to cause under current Law BATL (including any paying agent of BATL) to avoid a requirement to withhold on any payments or deemed payments treated as a dividend for U.S. federal income tax purposes to any such Purchaser,
          BATL (including any paying agent of BATL) will not withhold on any such payments or deemed payments to any such Purchaser, unless required by a change in law. In the event that a Purchaser fails to deliver to BATL such properly executed IRS Form
          W-9 or similar form or applicable law changes, BATL and its paying agent shall be entitled to deduct or withhold on all applicable payments made to such Purchaser in the form of cash such Tax amounts as BATL reasonably determines are required
          (including where BATL is advised by its external advisors that there is a not insignificant risk that withholding is required) to be deducted or withheld therefrom under any provision of applicable Law (and, to the extent such amounts are paid to
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              <div style="color: rgb(0, 0, 0);">1811 Bering Drive</div>
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            <td valign="bottom" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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            <td valign="bottom" class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <td valign="bottom" class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftguttercell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">c/o Oaktree Capital Management, LLC</div>
              <div style="color: rgb(0, 0, 0);">333 South Grand Avenue, 28<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: #CCEEFF;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: #CCEEFF;">&#160;</td>
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            <td valign="bottom" class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">Houston, Texas 77002</div>
              <div style="color: rgb(0, 0, 0);">Attention: Crosby W. Scofield; E. Ramey Layne</div>
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            <td valign="bottom" class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
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            <td valign="bottom" class="cftnumcell" colspan="1" rowspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" class="cftfncell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <div style="color: rgb(0, 0, 0); font-weight: bold;">GEN IV INVESTMENT OPPORTUNITIES, LLC</div>
              <div style="color: rgb(0, 0, 0);">1700 Broadway, 35th floor</div>
              <div style="color: rgb(0, 0, 0);">New York, NY 10019</div>
              <div style="color: rgb(0, 0, 0);">Attention: David Chang</div>
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            <td valign="bottom" class="cftcurrcell" colspan="1" rowspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
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            <td valign="bottom" rowspan="1" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" rowspan="1" class="cftguttercell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
            <td valign="bottom" rowspan="1" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <td valign="bottom" class="cftcurrcell" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">25,000</div>
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              <div style="color: rgb(0, 0, 0);">24,375,000.00</div>
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          <div style="text-align: center; font-size: 8pt;">Schedule A</div>
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      <div style="text-align: center; color: rgb(0, 0, 0);"><u>EXHIBIT A</u></div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0);">FORM OF CERTIFICATE OF DESIGNATIONS FOR</div>
      <div style="text-align: center; color: rgb(0, 0, 0);">THE SERIES A PREFERRED STOCK</div>
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      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt; font-size: 8pt;" class="BRPFPageBreakArea">
        <div style="width: 100%; text-align: center;" class="BRPFPageFooter">Exhibit A</div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0);">FORM OF FIRST AMENDMENT TO REGISTRATION RIGHTS AGREEMENT</div>
      <div>&#160;</div>
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      <div>
        <div style="text-align: center; font-size: 8pt;">Exhibit B</div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
