Prairie Operating amends credit agreement, lowers current ratio covenants, adds production test

Prairie Operating Co.

Third Amendment to A&R Credit Agreement effective June 30, 2026 reduces current ratio to 0.50 (Q2'26), 0.40 (Q3'26), 0.60 (Q4'26), then 1.00.
New minimum hydrocarbon production covenant tested monthly starting Aug 31, 2026, with volumes per Schedule 9.23.
Letter agreement with High Trail extends Anniversary Warrant issuance to Aug 31, 2026 and Second Penny Warrant (3M shares at $0.01) similarly.
High Trail waives current ratio maintenance until Dec 31, 2026, conditioned on same quarterly minimums.

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