Camber Energy Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Financial Statements and Exhibits
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Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed in the Camber Energy, Inc. (the “Company”) Current Report on Form 8-K filed with the Securities and Exchange Commission on January 23, 2023, the Company entered into a Membership Interest Purchase Agreement (the “MIPA”) with RESC Renewables Holdings, LLC (the “Seller”) to acquire all of the membership interests of New Rise Renewables, LLC upon the terms and conditions specified in the MIPA.
On March 13, 2024, the Company and the Seller agreed by mutual consent and pursuant to the terms of a termination agreement (the “Termination Agreement”) to terminate the MIPA effective March 13, 2024, subject to the survival of certain confidentiality obligations.
The foregoing summary of the Termination Agreement is qualified in its entirety by the full text of the Termination Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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104 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: March 19, 2024 | By: | /s/ James A. Doris |
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| Name: | James A. Doris | |
| Title: | Chief Executive Officer | |
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