Camber Energy enters non-binding LOI to acquire Southeast Renewables LLC

CAMBER ENERGY, INC.

Purchase price = fair market value of assets minus liabilities, payable via secured convertible promissory note.
Conversion price based on VWAP for 10 days before/after closing; subject to 9.99% beneficial ownership cap.
Closing conditions include lender subordination, warrant holder confirmation, and Series C Preferred stockholder acknowledgement.
LOI terminates if definitive agreement not signed by Feb 15, 2023; no assurances deal will close.

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