HighPeak Energy adopts Change in Control Plan with up to 3x salary and bonus severance

HighPeak Energy, Inc.

Plan approved September 9, 2025, effective immediately; administered by Strategic Alternatives Committee.
Maximum discretionary severance = 3 times highest annualized Base Salary plus highest single cash bonus in past 3 years.
Qualifying Triggering Event includes termination without Cause, death, disability, Good Reason resignation, or 6 months post-close.
All payments are discretionary (may be $0) and conditioned on release of claims and restrictive covenant compliance.

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