<SEC-DOCUMENT>0001140361-22-037316.txt : 20221017
<SEC-HEADER>0001140361-22-037316.hdr.sgml : 20221017
<ACCEPTANCE-DATETIME>20221017083023
ACCESSION NUMBER:		0001140361-22-037316
CONFORMED SUBMISSION TYPE:	8-A12B
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20221017
DATE AS OF CHANGE:		20221017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BARNWELL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000010048
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				720496921
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-A12B
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05103
		FILM NUMBER:		221312602

	BUSINESS ADDRESS:	
		STREET 1:		1100 ALAKEA ST.
		STREET 2:		SUITE 500
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813
		BUSINESS PHONE:		808-531-8400

	MAIL ADDRESS:	
		STREET 1:		1100 ALAKEA ST.
		STREET 2:		SUITE 500
		CITY:			HONOLULU
		STATE:			HI
		ZIP:			96813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BMA CORP/TN
		DATE OF NAME CHANGE:	19770324

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BARNWELL OFFSHORE INC
		DATE OF NAME CHANGE:	19671101
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-A12B
<SEQUENCE>1
<FILENAME>brhc10042987_8-a12b.htm
<DESCRIPTION>8-A12B
<TEXT>
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      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;"><font style="font-size: 14pt;">UNITED STATES</font></div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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      <hr align="center" noshade="noshade" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
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      <div style="text-align: center; font-weight: bold; font-size: 18pt;">FORM 8-A</div>
      <hr align="center" noshade="noshade" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">PURSUANT TO SECTION 12(b) OR 12(g) OF</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
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      <hr align="center" noshade="noshade" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"> </div>
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    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 24pt; font-weight: bold;">BARNWELL INDUSTRIES, INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">&#160;(Exact name of registrant as specified in its charter)</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
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      <hr align="center" noshade="noshade" style="height: 2px; color: #000000; background-color: #000000; margin-left: auto; margin-right: auto; border: none;"></div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z1e2c2c20491c4f50ae8071c7246b0dbf">

        <tr>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Delaware</div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">72-0496921</div>
          </td>
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          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif;">(State or other jurisdiction of incorporation)</div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif;">(IRS Employer Identification No.)</div>
          </td>
        </tr>
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          <td style="width: 49%; vertical-align: bottom;">&#160;</td>
          <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">1100 Alakea Street, Suite 500</div>
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Honolulu, Hawaii</div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">96813</div>
          </td>
        </tr>
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          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif;">(Address of principal executive offices)</div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif;">(Zip Code)</div>
          </td>
        </tr>
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          <td colspan="2" style="vertical-align: bottom;">&#160;</td>
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            <div>
              <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Title of each class</div>
              <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">to be so registered</div>
            </div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>
              <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Name of each exchange on which</div>
              <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">each class is to be registered</div>
            </div>
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          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Common Stock, $0.50 Par Value</div>
          </td>
          <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 49%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">NYSE American LLC</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">If this form relates to the registration of a class of securities pursuant to Section 12(b) of the Exchange Act and is effective pursuant to General Instruction A.(c), check the following box.&#160; &#9746;</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">If this form relates to the registration of a class of securities pursuant to Section 12(g) of the Exchange Act and is effective pursuant to General Instruction A(d), check the following box.&#160; &#9744;</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif;">If this form relates to the registration of a class of securities concurrently with a Regulation A offering, check the following box. &#9744; </div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Securities Act registration statement or Regulation A offering statement file number to which this form relates: Not Applicable.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">Securities to be registered pursuant to Section 12(g) of the Act: None</div>
    <div>
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          <td style="width: 54pt; vertical-align: top; font-family: 'Times New Roman', serif; font-weight: bold;">Item 1.</td>
          <td style="width: auto; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">Description of the Registrant&#8217;s Securities to Be Registered.</div>
          </td>
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    <div><br>
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    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Board of Directors (the &#8220;<font style="font-weight: bold;"><u>Board</u></font>&#8221;) of Barnwell Industries, Inc., a Delaware corporation (the &#8220;<font style="font-weight: bold;"><u>Company</u></font>&#8221;),






      has declared a dividend of one right (a &#8220;<font style="font-weight: bold;"><u>Right</u></font>&#8221;) for each of the Company&#8217;s issued and outstanding shares of common stock, par value $0.50 per share (&#8220;<font style="font-weight: bold;"><u>Common Stock</u></font>&#8221;).






      The dividend will be paid to the stockholders of record at the close of business on October 27, 2022 (the &#8220;<font style="font-weight: bold;"><u>Record Date</u></font>&#8221;). Each Right entitles the registered holder, subject to the terms of the Rights
      Agreement (as defined below), to purchase from the Company one share of Common Stock at a price of $14.00 (the &#8220;<font style="font-weight: bold;"><u>Purchase Price</u></font>&#8221;), subject to certain adjustments. The description and terms of the Rights
      are set forth in the Tax Benefits Preservation Plan, dated as of October 17, 2022 (the &#8220;<font style="font-weight: bold;"><u>Rights Agreement</u></font>&#8221;), by and between the Company and Broadridge Corporate Issuer Solutions, Inc., as rights agent
      (the &#8220;<font style="font-weight: bold;"><u>Rights Agent</u></font>&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Company has generated substantial net operating loss carryforwards and certain other tax attributes (collectively, the &#8220;<font style="font-weight: bold;"><u>Tax Benefits</u></font>&#8221;),






      which could potentially be used in certain circumstances to reduce its future income tax obligations. The Company&#8217;s ability to use its Tax Benefits would be substantially limited if it were to experience an &#8220;ownership change,&#8221; as defined in Section
      382 of the Internal Revenue Code of 1986, as amended (the &#8220;<font style="font-weight: bold;"><u>Tax Code</u></font>&#8221;). In general, the Company will experience an ownership change if the percentage of the Company&#8217;s stock owned by one or more of its
      &#8220;5-percent shareholders,&#8221; as defined in Section 382 of the Tax Code, increases by more than 50 percentage points over their lowest ownership percentage over a three-year period (or, if a shorter period, since the Company&#8217;s last ownership change).</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The purpose of the Rights Agreement is to reduce the likelihood that any changes in the Company&#8217;s investor base would cause the Company to experience an ownership change under
      Section 382 of the Tax Code, limiting the Company&#8217;s future use of its Tax Benefits and, in turn, significantly impairing the value of such Tax Benefits. In furtherance of preserving the Company&#8217;s valuable Tax Benefits, the Rights Agreement is
      designed to discourage any (i) person or group of persons from acquiring beneficial ownership of more than 4.95% of Common Stock and (ii)&#160; existing stockholder currently beneficially holding 4.95% or more of Common Stock from acquiring additional
      shares of Common Stock.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Rights will not be exercisable until the earlier to occur of (i) the close of business on the tenth business day after a public announcement or filing that a person or group
      of affiliated or associated persons has become an &#8220;<font style="font-weight: bold;"><u>Acquiring Person</u></font>,&#8221; which is defined as a person or group of affiliated or associated persons that, at any time after the date of the Rights Agreement,
      has acquired, or obtained the right to acquire, beneficial ownership of 4.95% or more of the outstanding shares of Common Stock, subject to certain exceptions or (ii) the close of business on the tenth business day after the commencement of, or
      announcement of an intention to commence, a tender offer or exchange offer the consummation of which would result in any person becoming an Acquiring Person (the earlier of such dates being called the &#8220;<font style="font-weight: bold;"><u>Distribution
          Date</u></font>&#8221;).</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">With respect to certificates representing shares of Common Stock outstanding as of the Record Date, until the Distribution Date, the Rights will be evidenced by such certificates
      for shares of Common Stock registered in the names of the holders thereof, and not by separate Rights Certificates (as defined below). With respect to book entry shares of Common Stock outstanding as of the Record Date, until the Distribution Date,
      the Rights will be evidenced by the balances indicated in the book entry account system of the transfer agent for the Common Stock. Until the earlier of the Distribution Date and the Expiration Date (as defined below), the transfer of any shares of
      Common Stock outstanding on the Record Date will also constitute the transfer of the Rights associated with such shares of Common Stock. As soon as practicable after the Distribution Date, separate certificates evidencing the Rights (&#8220;<font style="font-weight: bold;"><u>Rights Certificates</u></font>&#8221;) will be mailed to holders of record of the Common Stock as of the close of business on the Distribution Date, and such Rights Certificates alone will evidence the Rights.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Rights, which are not exercisable until the Distribution Date, will expire at or prior to the earliest of (i) the close of business on October 17, 2025, or such later date as
      may be established by the Board prior to the expiration of the Rights as long as the extension is submitted to the stockholders of the Company for ratification at the Company&#8217;s next annual meeting of stockholders<font style="font-weight: bold;">&#160;</font>succeeding






      such extension; (ii) the time at which the Rights are redeemed pursuant to the Rights Agreement; (iii) the time at which the Rights are exchanged pursuant to the Rights Agreement; (iv) the time at which the Rights are terminated upon the occurrence
      of certain mergers or other transactions approved in advance by the Board; and (v) the close of business on the date set by the Board following a determination by the Board that (x) the Rights Agreement is no longer necessary or desirable for the
      preservation of the Tax Benefits or (y) no Tax Benefits are available to be carried forward or are otherwise available (the earliest of (i), (ii), (iii), (iv) and (v) is referred to as the &#8220;<font style="font-weight: bold;"><u>Expiration Date</u></font>&#8221;).</div>
    <div><br>
    </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>
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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>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Purchase Price payable, and the number of shares of Common Stock or other securities or property issuable, upon exercise of the Rights are each subject to adjustment from time
      to time to prevent dilution (i) in the event of a stock dividend on, or a subdivision, combination or reclassification of, the Common Stock, (ii) upon the grant to holders of the Common Stock of certain rights or warrants to subscribe for or purchase
      Common Stock or convertible securities at less than the then-current market price of the Common Stock or (iii) upon the distribution to holders of the Common Stock of evidences of indebtedness or assets (excluding regular cash dividends or dividends)
      or of subscription rights or warrants (other than those referred to above). The number of outstanding Rights and the number of shares of Common Stock issuable upon exercise of each Right are also subject to adjustment in the event of a stock split,
      reverse stock split, stock dividends and other similar transactions involving the Common Stock.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">In the event that any person or group of affiliated or associated persons becomes an Acquiring Person, each holder of a Right, other than the Rights beneficially owned by the
      Acquiring Person, affiliates and associates of the Acquiring Person and certain transferees thereof (which will automatically become null and void), will thereafter have the right to receive upon exercise of a Right that number of shares of Common
      Stock having a market value of two times the Purchase Price.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">In the event that, after a person or a group of affiliated or associated persons has become an Acquiring Person, the Company is acquired in a merger or other business combination
      transaction, or 50% or more of the Company&#8217;s assets or earning power are sold, proper provision will be made so that each holder of a Right will thereafter have the right to receive, upon the exercise thereof at the then-current purchase price of the
      Right, that number of shares of common stock of the acquiring company having a market value at the time of that transaction equal to two times the Purchase Price.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">With certain exceptions, no adjustment in the Purchase Price will be required unless such adjustment would require an increase or decrease of at least one percent (1%) in the
      Purchase Price. No fractional shares of Common Stock will be issued and, in lieu thereof, an adjustment in cash will be made based on the market price of the Common Stock on the last trading day prior to the date of exercise.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">At any time after any person or group of affiliated or associated persons becomes an Acquiring Person and prior to the acquisition of beneficial ownership by such Acquiring Person
      of 50% or more of the outstanding shares of Common Stock, the Board, at its option, may exchange the Rights (other than Rights owned by such person or group of affiliated or associated persons which will have become void), in whole or in part, for
      shares of Common Stock, at an exchange ratio of three shares of Common Stock per outstanding Right (subject to adjustment).</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">In connection with any exercise or exchange of the Rights, no holder of a Right will be entitled to receive shares of Common Stock if receipt of such shares would result in such
      holder, together with such holder&#8217;s affiliates and associates, beneficially owning more than 4.95% of the then-outstanding Common Stock (such shares, the &#8220;<font style="font-weight: bold;"><u>Excess Shares</u></font>&#8221;) and the Board determines that
      such holder&#8217;s receipt of Excess Shares would jeopardize or endanger the value or availability of the Tax Benefits or the Board otherwise determines that such holder&#8217;s receipt of Excess Shares is not in the best interests of the Company. In lieu of
      such Excess Shares, such holder will only be entitled to receive cash or a note or other evidence of indebtedness with a principal amount equal to the then-current market price of the Common Stock multiplied by the number of Excess Shares that would
      otherwise have been issuable.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">At any time before the Distribution Date, the Board may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (subject to certain adjustments) (the &#8220;<font style="font-weight: bold;"><u>Redemption Price</u></font>&#8221;). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">Immediately upon the action of the Board electing to redeem or exchange the Rights, the Company shall make announcement thereof, and upon such election, the right to exercise the
      Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">Until a Right is exercised or exchanged, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation, the right to vote or to
      receive dividends.</div>
    <div><br>
    </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; font-family: 'Times New Roman', serif;">For so long as the Rights are redeemable, the Company may from time to time in its sole discretion supplement or amend the Rights Agreement in any respect without the approval of
      any holders of Rights, and the Rights Agent shall, if the Company so directs, execute such supplement or amendment. At any time when the Rights are not redeemable, the Company may amend or supplement the Rights Agreement without the approval of any
      holders of Rights, including, without limitation, in order to (i) cure any ambiguity, (ii) correct or supplement any provision of the Rights Agreement that may be defective or inconsistent with any other provisions of the Rights Agreement, (iii)
      shorten or lengthen any time period in the Rights Agreement or (iv) otherwise change, amend or supplement any provision that the Company may deem necessary or desirable. However, from and after the time when the Rights are no longer redeemable, the
      Rights Agreement may not be amended or supplemented in any manner that would, among other things, adversely affect the interests of the holders of Rights (other than holders of Rights that have become null and void).</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Rights Agreement is attached hereto as Exhibit 4.1 and is incorporated herein by reference. The description of the Rights Agreement herein does not purport to be complete and
      is qualified in its entirety by reference to Exhibit 4.1.</div>
    <div><br>
    </div>
    <div>
      <div>
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                  <div style="font-weight: bold;"><font style="font-weight: bold;">Item 2. </font></div>
                </td>
                <td style="align: left; vertical-align: top; width: auto;">
                  <div style="font-weight: bold;">Exhibits.</div>
                </td>
              </tr>

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    <div><br>
    </div>
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                  <td nowrap="nowrap" style="vertical-align: top; width: 45pt;"><a href="https://www.sec.gov/Archives/edgar/data/10048/000114036122037314/brhc10042988_ex4-1.htm"> 4.1</a> </td>
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                    <div style="font-weight: normal;">Tax Benefits Preservation Plan, dated as of October 17, 2022, by and between Barnwell Industries, Inc. and Broadridge Corporate Issuer Solutions, Inc., as Rights Agent (incorporated by reference to
                      Exhibit 4.1 of Barnwell Industries, Inc.&#8217;s Current Report on Form 8-K filed October 17, 2022).</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURE</div>
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    <div style="text-indent: 18pt; font-family: 'Times New Roman', serif;">Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the
      undersigned, thereto duly authorized.</div>
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          <td style="width: 60%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">BARNWELL INDUSTRIES, INC.</div>
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          <td style="width: 60%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Date: October 17, 2022</div>
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            <div style="font-family: 'Times New Roman', serif;">By:</div>
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          <td style="width: 22%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Russell M. Gifford </td>
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            <div style="font-family: 'Times New Roman', serif;">Name:</div>
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            <div style="font-family: 'Times New Roman', serif;">Russell M. Gifford</div>
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            <div style="font-family: 'Times New Roman', serif;">Title:</div>
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            <div style="font-family: 'Times New Roman', serif;">Executive Vice President and Chief Financial Officer</div>
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