Prairie Operating Co. (PROP): M&A transaction — Prairie Operating exercises Exok option, acquires ~20,328 net acres in DJ Basin, closes $20M PIPE

the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series E Convertible Preferred Stock (the “ Certificate of Designation ”) which sets forth the terms and provisions of the Series E Preferred Stock.

approximately 20,328 net mineral acres in, on and under approximately 32,695 gross acres (the “ Exok Option Assets ”) from Exok (the “ Exok Option Purchase ”) . The Company paid $18,000,000 in cash (the “ Cash Consideration ”) to Exok and issued equity consideration to certain affiliates of Exok (the “ Exok Affiliates ”), consisting of (i) 19,157,123 shares of the

On August 15 , 2023 , the Company entered into a securities purchase agreement (the “ Securities Purchase Agreement ”) with Narrogal Nominees Pty Ltd ATF Gregory K O’Neill Family Trust (the “ PIPE Investor ”), pursuant to which the PIPE Investor agreed to purchase, and the Company agreed to sell to the PIPE Investor, an aggregate of $20.0 million

Pursuant to the Amended and Restated Purchase and Sale Agreement, dated May 3, 2023 (the “ PSA ”), by and among Prairie Operating Co., a Delaware corporation (the “ Company ”), Prairie Operating Co., LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“ Prairie LLC ”), and Exok, Inc., an Oklahoma corporation (“ Exok ”), Prairie LLC exercised its option (the “ Exok Option ”) to purchase oil and gas leases, including all of Exok’s right, title and interest in, to and under certain undeveloped oil and gas leases located in Weld County, Colorado, together with certain other associated assets, data and records, consisting of approximately 20,328 net mineral acres in, on and under approximately 32,695 gross acres (the “ Exok Option Assets ”) from Exok (the “ Exok Option Purchase ”) . The Company paid $18,000,000 in cash