# EDGAR Filing Document

**Accession Number:** 0002001635
**File Stem:** 0001213900-25-087005
**Filing Date:** 2025-9
**Character Count:** 47663
**Document Hash:** 6f8842c192fbd36d8c576856d15f09fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-087005.hdr.sgml**: 20250911

**ACCESSION NUMBER**: 0001213900-25-087005

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20250911

**DATE AS OF CHANGE**: 20250911

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EON Resources Inc.
- **CENTRAL INDEX KEY:** 0001842556
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 854359124
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93564
- **FILM NUMBER:** 251309936

**BUSINESS ADDRESS:**
- **STREET 1:** 3730 KIRBY DRIVE, SUITE 1200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
- **BUSINESS PHONE:** 713.834.1145

**MAIL ADDRESS:**
- **STREET 1:** 3730 KIRBY DRIVE, SUITE 1200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HNR Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210126
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pogo Royalty, LLC
- **CENTRAL INDEX KEY:** 0002001635

**ORGANIZATION NAME:**
- **EIN:** 933265543
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 4809 COLE AVENUE
- **STREET 2:** STE 200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75205
- **BUSINESS PHONE:** 214-801-9302

**MAIL ADDRESS:**
- **STREET 1:** 4809 COLE AVENUE
- **STREET 2:** STE 200
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75205

## Exhibit 2.5

**Exhibit 2.5**

**Amendment No. 4** 

**to**

**purchase, SALE, TERMINATION AND EXCHANGE AGREEMENT**

This Amendment No. 4 (this "**<u>Amendment</u>**") effective as of September 9, 2025 (the "**<u>Amendment 4 Effective Date</u>**") to that certain Purchase, Sale, Termination and Exchange Agreement, dated as of February 10, 2025, is made by and among Pogo Royalty, LLC, a Texas limited liability company ("**<u>Pogo Royalty</u>**"), CIC Pogo LP, a Delaware limited partnership ("**<u>CIC</u>**"), DenCo Resources, LLC, a Texas limited liability company ("**<u>DenCo</u>**"), Pogo Resources Management, LLC, a Texas limited liability company ("**<u>Pogo Resources Management</u>**"), and 4400 Holdings, LLC, a Texas limited liability company ("**<u>4400</u>**" and, together with Pogo Royalty, CIC, DenCo and Pogo Resources Management, the "**<u>Sellers</u>**"), EON Resources Inc., a Delaware corporation (the "**<u>Company</u>**"), HNRA Upstream, LLC, a Delaware limited liability company ("**<u>OpCo</u>**"), HNRA Royalties, LLC, a Delaware limited liability company ("**<u>EONR Royalties</u>**") and HNRA Partner, Inc. a Delaware corporation (the "**<u>SPAC Subsidiary</u>**" and, together with the Company, OpCo and EONR Royalties, the "**<u>Purchasers</u>**"). The Sellers and the Purchasers are referred to herein individually as a "**<u>Party</u>**" and, collectively, as the "**<u>Parties</u>**." Any term used but not defined herein shall have the meaning assigned to such term in the PSA.

**Recitals**

**Whereas**, the Sellers and the Purchasers are parties to that certain Purchase, Sale, Termination and Exchange Agreement, dated as of February 10, 2025 (as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3, dated June 2, 2025, June 6, 2025 and June 13, 2025, the "**<u>PSA</u>**");

**WHEREAS**, pursuant to <u>Section 8.3</u> of the PSA, the PSA may be amended by a written agreement duly executed by each of the Parties thereto; and

**WHEREAS**, the Sellers and the Purchasers desire to enter into this Amendment in order to amend the PSA in the manner set forth herein.

**Now, Therefore**, in consideration of the representations, warranties, covenants and agreements herein made and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

**Agreement**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Amendment to PSA</u>**. The PSA is hereby amended as follows (with Section references below in this Section 1 being the section of the PSA that is being amended):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Section 1.1(b)</u> is hereby amended and restated in its entirety as follows:

"The aggregate consideration for the purchase and sale of the ORRI shall be an amount in cash equal to $13,675,000 (the "**<u>ORRI Purchase Price</u>**")."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Section 2.3(a)</u> and <u>Section 2.4(c)</u> are hereby amended to provide that the effective date of the conveyance referenced by each section be the first day of the month during which the Closing Date occurs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Effect on the PSA</u>**. Except as specifically amended by this Amendment, the PSA shall remain in full force and effect, and the PSA, as amended by this Amendment, is hereby ratified and confirmed in all respects. From and after the Amendment 4 Effective Date, each reference in the PSA to "this Agreement," "herein," "hereof," "hereunder" or words of similar import, or to any provision of the PSA, as the case may be, shall be deemed to refer to the PSA or such provision as amended by this Amendment, unless the context otherwise requires.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>Miscellaneous</u>**. The provisions of <u>Sections 8.2</u> (Governing Law; Submission to Jurisdiction; Consent to Service of Process), <u>8.3</u> (Entire Agreement; Amendments and Waivers), <u>8.4</u> (Notices), <u>8.5</u> (Severability), <u>8.6</u> (Binding Effect; Assignment), <u>8.7</u> (Non-Recourse), <u>8.8</u> (Counterparts), <u>8.9</u> (Exhibits), <u>8.10</u> (Specific Performance) and <u>8.11</u> (Waiver of Jury Trial) of the PSA are incorporated by reference into this Amendment *mutatis mutandis*.

[*Remainder of Page Intentionally Left Blank; Signature Pages Follow*]

IN WITNESS WHEREOF, the Parties have executed this Agreement on the dates indicated below, effective as of the Amendment 4 Effective Date.

---

| | |
|:---|:---|
| **<u>THE SELLERS:</u>** | **<u>THE SELLERS:</u>** |
| **POGO ROYALTY, LLC** | **POGO ROYALTY, LLC** |
| By: | /s/ Kirk Pogoloff |
| Name: | Kirk Pogoloff |
| Title: | Manager |
| **CIC POGO LP** | **CIC POGO LP** |
| By: | CIC IV GP, LLC |
| Its: | General Partner |
| By: | /s/ Bayard Friedman |
| Name: | Bayard Friedman |
| Title: | Manager |
| **DENCO RESOURCES, LLC** | **DENCO RESOURCES, LLC** |
| By: | /s/ John L. Denman, Jr. |
| Name: | John L. Denman, Jr. |
| Title: | President |
| **POGO RESOURCES MANAGEMENT, LLC** | **POGO RESOURCES MANAGEMENT, LLC** |
| By: | /s/ Kirk Pogoloff |
| Name: | Kirk Pogoloff |
| Title: | Manager |
| **4400 HOLDINGS, LLC** | **4400 HOLDINGS, LLC** |
| By: | /s/ Kirk Pogoloff |
| Name: | Kirk Pogoloff |
| Title: | Manager |

---

[*Signature Page to Amendment No. 4 to Purchase, Sale, Termination and Exchange Agreement*]

---

| | |
|:---|:---|
| **<u>THE PURCHASERS:</u>** | **<u>THE PURCHASERS:</u>** |
| **EON RESOURCES INC.** | **EON RESOURCES INC.** |
| By: | /s/ Mitchell B. Trotter |
| Name: | Mitchell B. Trotter |
| Title: | President and Chief Financial Officer |
| **HNRA UPSTREAM, LLC** | **HNRA UPSTREAM, LLC** |
| By: | /s/ Mitchell B. Trotter |
| Name: | Mitchell B. Trotter |
| Title: | President and Chief Financial Officer |
| **HNRA ROYALTIES, LLC** | **HNRA ROYALTIES, LLC** |
| By: | /s/ Mitchell B. Trotter |
| Name: | Mitchell B. Trotter |
| Title: | President and Chief Financial Officer |
| **HNRA PARNTER, INC.** | **HNRA PARNTER, INC.** |
| By: | /s/ Mitchell B. Trotter |
| Name: | Mitchell B. Trotter |
| Title: | President and Chief Financial Officer |

---

[*Signature Page to Amendment No. 4 to Purchase, Sale, Termination and Exchange Agreement*]

## Exhibit 2.6

**Exhibit 2.6**

**PREFERRED UNIT exchange agreement**

This Preferred Unit Exchange Agreement (this "**<u>Agreement</u>**") is made and entered into as of September 9, 2025 (the "**<u>Closing Date</u>**"), by and among Pogo Royalty, LLC, a Texas limited liability company ("**<u>Pogo Royalty</u>**"), EON Resources Inc., a Delaware corporation (the "**<u>Company</u>**") and HNRA Upstream, LLC, a Delaware limited liability company ("**<u>OpCo</u>**"). Pogo Royalty, the Company and OpCo are referred to herein individually as a "**<u>Party</u>**" and, collectively, as the "**<u>Parties</u>**." Capitalized terms used and not otherwise defined herein have the respective meanings assigned thereto in the PSTEA (defined below).

RECITALS

WHEREAS, Pogo Royalty owns 1,500,000 Class A Preferred Units of OpCo (the "**<u>Preferred Units</u>**");

WHEREAS, Pogo Royalty, the Company and OpCo entered into that certain Purchase, Sale, Termination and Exchange Agreement, dated effective as of February 10, 2025, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3 and Amendment No. 4, dated June 2, 2025, June 6, 2025, June 13, 2025 and the date hereof, respectively (the "**<u>PSTEA</u>**"), by and among Pogo Royalty, CIC Pogo LP, a Delaware limited partnership ("**<u>CIC</u>**"), DenCo Resources, LLC, a Texas limited liability company ("**<u>DenCo</u>**"), Pogo Resources Management, LLC, a Texas limited liability company ("**<u>Pogo Resources Management</u>**"), and 4400 Holdings, LLC, a Texas limited liability company ("**<u>4400</u>**" and, together with Pogo Royalty, CIC, DenCo and Pogo Resources Management, the "**<u>Sellers</u>**"), the Company, OpCo, HNRA Royalties, LLC, a Delaware limited liability company ("**<u>EONR Royalties</u>**") and HNRA Partner, Inc. a Delaware corporation (the "**<u>SPAC Subsidiary</u>**" and, together with the Company, OpCo and EONR Royalties, the "**<u>Purchasers</u>**"); and

WHEREAS, pursuant to the PSTEA, Pogo Royalty agreed to, among other things, transfer and assign the Preferred Units to OpCo, in exchange for the issuance by the Company of 1,500,000 shares of Class A Common Stock of the Company (the "**<u>Preferred Unit Exchange</u>**" and, such shares, the "**<u>Share Consideration</u>**").

NOW, THEREFORE, in consideration of the foregoing recitals and for other good and valuable consideration, the receipt and adequacy of which the parties acknowledge, the parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>AGREEMENT TO EXCHANGE Units</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Authorization</u>. The Company has authorized the issuance to Pogo Royalty, pursuant to the terms and conditions of this Agreement and the PSTEA, of the Share Consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Agreement to Exchange; Full Satisfaction</u>. On the terms and subject to the conditions set forth herein (and subject to actual receipt of the Share Consideration), Pogo Royalty hereby transfers, conveys and assigns all of its right, title and interest in and to the Preferred Units held by it, free and clear of any liens or encumbrances, to OpCo, and, in exchange therefore, the Company hereby issues the Share Consideration to Pogo Royalty. The Share Consideration will be issued in book entry form on the Closing Date and, upon delivery, shall be deemed to have been delivered in full satisfaction of all rights pertaining to the Preferred Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. <u>Instruction Letter</u>. The Company agrees to submit an instruction letter substantially in the form attached hereto as <u>Exhibit A</u> to its transfer agent to effect the Preferred Unit Exchange on the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>GENERAL PROVISIONS</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Successors and Assigns</u>. Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the parties hereunder, will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives; provided that such party consents in writing to be bound by the terms, conditions and obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Governing Law; Submission to Jurisdiction; Consent to Service of Process</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement is governed by and will be construed in accordance with the Laws of the State of Texas without giving effect to any choice or conflict of Law provision or rule (whether of the State of Texas or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of Texas.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All actions, suits or proceedings arising out of or relating to this Agreement, any of the other Transaction Documents or the consummation of the Transactions shall be heard and determined exclusively in the First Business Court Division of the State of Texas located in Dallas, Texas (the "**<u>Texas Business Court</u>**") or, if such court does not have jurisdiction, any federal court sitting in the State of Texas. Consistent with the preceding sentence, the parties hereby (i) irrevocably submit to the exclusive jurisdiction of the Texas Business Court and federal courts located in Texas (and of the appropriate appellate courts therefrom) for the purpose of any action, suit or proceeding Texas out of or relating to this Agreement; (ii) irrevocably waive, and agree not to assert by way of motion, defense or otherwise, in any such action, suit, or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the action, suit or proceeding is brought in an inconvenient forum, that the venue of the action, suit or proceeding is improper, or that this Agreement may not be enforced in or by any of the above-named courts; and (iii) irrevocably consent to and grant any such court exclusive jurisdiction over the person of such parties and over the subject matter of such action, suit or proceeding and agree that mailing of process or other papers in connection with any such action, suit or proceeding in the manner provided in Section 2.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. <u>Titles and Headings</u>. The titles, captions and headings of this Agreement are included for ease of reference only and will be disregarded in interpreting or construing this Agreement. Unless otherwise specifically stated, all references herein to "sections" and "exhibits" will mean "sections" and "exhibits" to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. <u>Notices</u>. All notices and other communications under this Agreement shall be in writing and shall be deemed given (a) when delivered personally by hand (with written confirmation of receipt), (b) when sent by electronic mail (with written confirmation of transmission), or (c) one Business Day following the day sent by overnight courier (with written confirmation of receipt), in each case at the addresses and emails set forth in the PSTEA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. <u>Amendments and Waivers</u>. This Agreement can be amended, supplemented, or changed, and any provision hereof can be waived, only by written instrument making specific reference to this Agreement signed by the Party against whom enforcement of any such amendment, supplement, modification, or waiver is sought. No action taken pursuant to this Agreement, including any investigation by or on behalf of any Party, shall be deemed to constitute a waiver by the Party taking such action of compliance with any representation, warranty, covenant, or agreement contained herein. The waiver by any Party of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach. No failure on the part of any Party to exercise, and no delay in exercising, any right, power, or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power, or remedy by such Party preclude any other or further exercise thereof or the exercise of any other right, power, or remedy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6. <u>Severability</u>. If any term or other provision of this Agreement is invalid, illegal, or incapable of being enforced by any law or public policy, all other terms or provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Transactions is not affected in any manner materially adverse to any Party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, such provision shall be modified so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the Transactions are consummated as originally contemplated to the greatest extent possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7. <u>Entire Agreement</u>. This Agreement and the PSTEA represent the entire understanding and agreement between the Parties with respect to the subject matter hereof and supersede all prior and contemporaneous agreements or understandings, whether written or oral, among the parties with respect to the subject matter hereof

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8. <u>Further Assurances</u>. The parties agree to execute such further documents and instruments and to take such further actions as may be reasonably necessary to carry out the purposes and intent of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9. <u>Third Parties</u>. Nothing in this Agreement, express or implied, is intended to confer upon any person, other than the parties hereto and their successors and assigns, any rights or remedies under or by reason of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10. <u>Counterparts</u>. This Agreement may be executed in counterparts (whether in electronic, or photostatic format or otherwise), each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.

[*Signature Page Follows*]

IN WITNESS WHEREOF, the parties hereto have executed this Preferred Unit Exchange Agreement as of the date first written above.

---

| | |
|:---|:---|
| **POGO ROYALTY, LLC** | **POGO ROYALTY, LLC** |
| By: | /s/ Kirk Pogoloff |
| Name: | Kirk Pogoloff |
| Title: | Manager |

---

[*Signature Page to Preferred Unit Exchange Agreement*]

---

| | |
|:---|:---|
| **EON RESOURCES INC.** | **EON RESOURCES INC.** |
| By: | /s/ Mitchell B. Trotter |
| Name: | Mitchell B. Trotter |
| Title: | President and Chief Financial Officer |
| **HNRA UPSTREAM, LLC** | **HNRA UPSTREAM, LLC** |
| By: | /s/ Mitchell B. Trotter |
| Name: | Mitchell B. Trotter |
| Title: | President and Chief Financial Officer |

---

[*Signature Page to Preferred Unit Exchange Agreement*]

**EXHIBIT A**

**INSTRUCTION LETTER**

[*See attached.*]

**EON Resources Inc.** **<br> 3730 Kirby Drive, Suite 1200<br> Houston, Texas 77098**

---

| | |
|:---|:---|
| September 9, 2025 |  |
| Continental Stock Transfer & Trust Company | *Via Email* |
| 1 State Street |  |
| New York, New York 10004 |  |
| Attention: Margaret Lloyd & Edgar Ambert |  |

---

---

| | |
|:---|:---|
| Re: | New Issuance of Class A common shares, $0.00001 per share, of EON Resources Inc. |

---

Dear Bernie and Edgar:

In connection with obligations of EON Resources Inc. (Ticker symbol: **EONR;** CUSIP #: 40472A102) to the recipient listed below, please <u>immediately</u> issue via an uncertificated (book entry) notation evidencing ownership of the number of Class A common stock shares, $0.00001 per share, noted below, each with a restricted stop, which securities should bear the legend below.

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Issue stock to** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Address** | &nbsp;&nbsp;**TIN/SSN** |
| &nbsp;&nbsp;Pogo Royalty, LLC | &nbsp;&nbsp;1500000 | &nbsp;&nbsp;Oak Lawn Hall at Old Parkland 3879 Maple Avenue, Suite 400 Dallas, Texas 75219 | &nbsp;&nbsp;***[INSERT TIN/SSN]*** |

---

![](ex2-6_001.jpg)

**EON Resources Inc.** **<br> 3730 Kirby Drive, Suite 1200<br> Houston, Texas 77098**

This letter shall also serve as authorization for you to rely on the opinion to be provided to you shortly by Pryor Cashman LLP, our outside counsel, at the request of and on behalf of EON Resources Inc. When issued (certificated by electronic book entry) please provide a copy of the Restricted Book-Entry Transaction Advice directly to the party receiving the uncertificated stock at the address opposite their name **with a copy TODAY of the issuance also provided via Email to the undersigned, David M. Smith, at dmsmith@dmslegal.com and to Mitchell B. Trotter, our Chief Financial Officer, at mbtrotter@comcast.net as this issuance is needed in a significant transaction closing TODAY.**

Please let me know should you require any additional information.

Best regards,

David M. Smith, General Counsel and Secretary

10142 Holly Chase Dr

Houston, Texas 77042

Mobile: (713) 854-0148

dmsmith@dmslegal.com

By: David M. Smith, General Counsel ____________________

By: Mitchell B. Trotter, CFO ________________________

cc: Matthew Ogurick (*via email to mogurick@pryorcashman.com*)

Pryor Cashman, LLP

Brian Dunlay (v*ia email to bdunlay@pryorcashman.com*)

Pryor Cashman, LLP

Mitchell B. Trotter, Chief Financial Officer (*via email to mbtrotter@comcast.net*)

EON Resources Inc.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**EON RESOURCES INC.**

*(Name of Issuer)*

**Class A Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**40472A102**

*(CUSIP Number)*

**Kirk Pogoloff**<br>c/o Pogo Royalty, LLC<br>3879 Maple Avenue, Suite 400<br>Dallas TX 75219<br>(214) 871-6812

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**09/09/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **40472A102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pogo Royalty, LLC** | Name of reporting person<br>**Pogo Royalty, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2000000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.03%** | Percent of class represented by amount in Row (11)<br>**5.03%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** For Boxes 8, 10 and 11, Pogo Royalty, LLC, a Texas limited liability company ("Pogo Royalty"), directly holds 2,000,000 shares of Class A Common Stock of the Issuer (such shares of Class A Common Stock, the "Reported Securities").

For Box 13, calculated based on an assumed combined total of 39,725,057 shares of common stock outstanding, which consist of (i) 38,225,057 shares of Class A Common Stock outstanding as of September 9, 2025, as reported on the Issuer's Schedule 14A filed with the Securities and Exchange Commission (the "Commission") on September 5, 2025 and (ii) 1,500,000 shares of Class A Common Stock issued to Pogo Royalty on September 9, 2025.

| **CUSIP No.** | **40472A102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CIC Pogo LP** | Name of reporting person<br>**CIC Pogo LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2000000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.03%** | Percent of class represented by amount in Row (11)<br>**5.03%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** For Boxes 8, 10 and 11, CIC Pogo LP, a Delaware limited partnership ("CIC Pogo"), is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC Pogo may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC Pogo is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or any other purpose.

For Box 13, calculated based on an assumed combined total of 39,725,057 shares of common stock outstanding, which consist of (i) 38,225,057 shares of Class A Common Stock outstanding as of September 9, 2025, as reported on the Issuer's Schedule 14A filed with the Commission on September 5, 2025 and (ii) 1,500,000 shares of Class A Common Stock issued to Pogo Royalty on September 9, 2025.

| **CUSIP No.** | **40472A102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CIC IV GP LLC** | Name of reporting person<br>**CIC IV GP LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2000000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.03%** | Percent of class represented by amount in Row (11)<br>**5.03%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** For Boxes 8, 10 and 11, CIC IV GP LLC, a Delaware limited liability company ("CIC GP"), is the general partner of CIC Pogo, which is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC GP may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC GP is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Exchange Act, or any other purpose.

For Box 13, calculated based on an assumed combined total of 39,725,057 shares of common stock outstanding, which consist of (i) 38,225,057 shares of Class A Common Stock outstanding as of September 9, 2025, as reported on the Issuer's Schedule 14A filed with the Commission on September 5, 2025 and (ii) 1,500,000 shares of Class A Common Stock issued to Pogo Royalty on September 9, 2025.

| **CUSIP No.** | **40472A102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CIC Partners Firm LP** | Name of reporting person<br>**CIC Partners Firm LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2000000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.03%** | Percent of class represented by amount in Row (11)<br>**5.03%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** For Boxes 8, 10 and 11, CIC Partners Firm LP, a Delaware limited partnership ("CIC Firm LP"), is the sole member of CIC GP, which is the general partner of CIC Pogo, which is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC Firm LP may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC Firm LP is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Exchange Act, or any other purpose.

For Box 13, calculated based on an assumed combined total of 39,725,057 shares of common stock outstanding, which consist of (i) 38,225,057 shares of Class A Common Stock outstanding as of September 9, 2025, as reported on the Issuer's Schedule 14A filed with the Commission on September 5, 2025 and (ii) 1,500,000 shares of Class A Common Stock issued to Pogo Royalty on September 9, 2025.

| **CUSIP No.** | **40472A102** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**CIC Partners Firm GP LLC** | Name of reporting person<br>**CIC Partners Firm GP LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**TEXAS** | Citizenship or place of organization<br>**TEXAS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**2000000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**2000000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | Aggregate amount beneficially owned by each reporting person<br>**2000000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.03%** | Percent of class represented by amount in Row (11)<br>**5.03%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** For Boxes 8, 10 and 11, CIC Partners Firm GP LLC, a Delaware limited liability company ("CIC Firm GP"), is the general partner of Firm LP, which is the sole member of CIC GP, which is the general partner of CIC Pogo, which is the controlling member of Pogo Royalty. Pogo Royalty directly holds the Reported Securities (see Footnote to Boxes 8, 10 and 11 on Page 1 above). Therefore, CIC Firm GP may be deemed to beneficially own all or a portion of the Reported Securities that are directly held by Pogo Royalty. This statement shall not be deemed an admission that CIC Firm GP is the beneficial owner of the Reported Securities for the purposes of Section 13(d) of the Exchange Act, or any other purpose.

For Box 13, calculated based on an assumed combined total of 39,725,057 shares of common stock outstanding, which consist of (i) 38,225,057 shares of Class A Common Stock outstanding as of September 9, 2025, as reported on the Issuer's Schedule 14A filed with the Commission on September 5, 2025 and (ii) 1,500,000 shares of Class A Common Stock issued to Pogo Royalty on September 9, 2025.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
EON RESOURCES INC.

**(c) Address of Issuer's Principal Executive Offices:**
3730 KIRBY DRIVE, SUITE 1200, HOUSTON, TX, 77098

EXPLANATORY NOTE

This Amendment No. 4 ("Schedule 13D Amendment No. 4") to Schedule 13D is filed jointly by Pogo Royalty, LLC, a Texas limited liability company ("Pogo Royalty"), CIC Pogo LP, a Delaware limited partnership ("CIC Pogo"), CIC IV GP LLC, a Delaware limited liability company ("CIC GP"), CIC Partners Firm LP, a Delaware limited partnership ("CIC Firm LP"), and CIC Partners Firm GP LLC, a Delaware limited liability company ("CIC Firm GP", and, together with Pogo Royalty, CIC Pogo, CIC GP and CIC Firm LP the "Reporting Persons") with respect to the shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of EON Resources Inc., a Delaware corporation (the "Issuer" or the "Company"), pursuant to their Joint Filing Agreement dated as of November 24, 2023. This Schedule 13D Amendment No. 4 hereby amends and supplements the statement on Schedule 13D originally filed by the Reporting Persons on November 24, 2023 (as amended to date, this "Schedule 13D"). Except as specifically set forth herein, this Schedule 13D Amendment No. 4 does not modify any of the information previously reported on the Schedule 13D. Capitalized terms used but not otherwise defined in this Schedule 13D Amendment No. 4 have the meanings assigned thereto in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and restated as follows.

The information set forth in Item 3 and Item 5 of this Schedule 13D is hereby incorporated by reference. Pogo Royalty entered into and consummated the transactions contemplated by the PSTE Agreement in order to liquidate its investment in the Seller Note and OpCo Preferred Units. As described in Item 3, the principal consideration received was cash, but Pogo Royalty also received the Final Share Consideration and continues to hold 500,000 shares of Class A Common Stock previously received as described in this Schedule 13D and the prior amendments hereto. As of the Closing, the Reporting Persons hold all shares of Class A Common Stock solely for investment purposes. The Reporting Persons intend to review on a continuing basis the investments in the Issuer by the Reporting Persons. Depending upon market conditions and other factors that they may deem relevant, the Reporting Persons or their affiliates may seek to sell or otherwise dispose of some or all of the Issuer's securities or financial instruments owned from time to time, in each case, in open market or private transactions, block sales or otherwise.

Except to the extent the foregoing may be deemed a plan or proposal, the Reporting Persons do not have any current plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Schedule 13D is hereby amended and restated as follows.

The information contained on the cover pages and Item 3 to this Schedule 13D is incorporated herein by reference.

The information relating to the beneficial ownership of the Class A Common Stock as of September 9, 2025, by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated herein by reference. As of September 9, 2025, the Reporting Persons beneficially owned 2,000,000 shares of Class A Common Stock of the Issuer. Such number of shares represents 5.03% of the shares of Class A Common Stock outstanding based on a combined total of 39,725,057 shares of Class A Common Stock outstanding. This combined total of Class A Common Stock outstanding of the Company consists of (i) 38,225,057 shares of Class A Common Stock outstanding as of September 9, 2025, as reported on the Company's Schedule 14A filed with the U.S. Securities and Exchange Commission on September 5, 2025, and (ii) 1,500,000 shares of Class A Common Stock issued to Pogo Royalty on September 9, 2025.

Pogo Royalty directly holds 2,000,000 shares of Class A Common Stock (such shares of Class A Common Stock, the "Reported Securities"). CIC Pogo, in its capacity as the controlling member of Pogo Royalty, has the ability to direct the management of Pogo Royalty's business regarding the vote and disposition of securities held by Pogo Royalty; therefore for the purposes of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), CIC Pogo may be deemed to have indirect beneficial ownership of the Reported Securities owned by Pogo Royalty. CIC GP, in its capacity as general partner of CIC Pogo, has the ability to direct the management of CIC Pogo's business regarding the vote and disposition of securities held by Pogo Royalty; therefore for the purposes of Rule 13d-3 promulgated under the Exchange Act, CIC GP may be deemed to have indirect beneficial ownership of the Reported Securities owned by Pogo Royalty. CIC Firm LP, in its capacity as sole member of CIC GP, has the ability to direct the management of CIC GP's business regarding the vote and disposition of securities held by Pogo Royalty; therefore for the purposes of Rule 13d-3 promulgated under the Exchange Act, CIC Firm LP may be deemed to have indirect beneficial ownership of the Reported Securities owned by Pogo Royalty. CIC Firm GP, in its capacity as general partner of CIC Firm LP, has the ability to direct the management of CIC Firm LP's business regarding the vote and disposition of securities held by Pogo Royalty; therefore for the purposes of Rule 13d-3 promulgated under the Exchange Act, CIC Firm GP may be deemed to have indirect beneficial ownership of the Reported Securities owned by Pogo Royalty.

The filing of this statement shall not be construed as an admission by any Reporting Person that such person is, for the purposes of sections 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this statement.

**(b)**
—

**(c)**
The information provided or incorporated by reference in Item 3 is incorporated by reference herein.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Schedule 13D is hereby supplemented to include the following information.

The information contained in Item 3 and Item 5 of this Schedule 13D is incorporated by reference herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pogo Royalty, LLC

**Signature:** /s/ Bayard Friedman

**Name/Title:** Bayard Friedman/Authorized Person

**Date:** 09/11/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CIC Pogo LP

**Signature:** /s/ Bayard Friedman

**Name/Title:** Bayard Friedman/Authorized Person

**Date:** 09/11/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CIC IV GP LLC

**Signature:** /s/ Bayard Friedman

**Name/Title:** Bayard Friedman/Authorized Person

**Date:** 09/11/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CIC Partners Firm LP

**Signature:** /s/ Bayard Friedman

**Name/Title:** Bayard Friedman/Authorized Person

**Date:** 09/11/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** CIC Partners Firm GP LLC

**Signature:** /s/ Bayard Friedman

**Name/Title:** Bayard Friedman/Authorized Person

**Date:** 09/11/2025