Document:

Exhibit 10.2

 

STOCK OPTION GRANT

 

This STOCK OPTION GRANT,
dated as of September 12, 2022 is delivered by EdgeMode, Inc., a Nevada corporation (the “Company”) to Simon Wajcenberg
(the “Employee”).

 

RECITALS

 

		A.	The Employee is employed by the Company and Board of Directors of the Company (the
“Board”) has decided to make a stock option grant to Employee for services to the Company.

 

		B.	The Board has approved the stock option grant.

 

NOW, THEREFORE, the
parties to this Stock Option Grant, intending to be legally bound hereby, agree as follows:

 

1.                  
Grant of Option.  Subject to the terms and conditions set forth in this Stock Option Grant, the Company hereby
grants to the Employee an option (the “Option”) to purchase 76,619,603 shares of common stock of the Company (the “Shares”)
at an exercise price of $0.10 per share (the “Option Price”). The Option shall become exercisable according to Paragraph 2
below.

 

2.                  
Exercisability of Option.  The option shall be a non-qualified option and shall become vested and exercisable
upon the listing of the Company’s common stock on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market,
the New York Stock Exchange or NYSE MKT.

 

3.                  
Term of Option.  The stated expiration date of the option shall be the five (5) year anniversary of the date
hereof, subject to earlier termination in the event of termination for “cause” as defined under the Employee’s Employment
Agreement dated January 31, 2022.

 

4.                  
Exercise Procedures.

 

(a)               
Subject to the provisions of Paragraphs 2 and 3 above, the Employee may exercise part or all of the exercisable Option by giving
the Board written notice of intent to exercise in the manner provided in this Stock Option Grant, specifying the number of Shares as to
which the Option is to be exercised. On the delivery date, the Employee shall pay the exercise price (i) in cash, or (ii) in the event
the Company’s common Stock is publicly traded, with the approval of the Board, by delivering Shares of the Company which shall be
valued at their Fair Market Value (as defined below) on the date of delivery, or (iii) with the approval of the Board, by a combination
of (i) and (ii). Fair Market Value of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:
(i) If the Company's Common Stock is traded on an exchange or is quoted on the NASDAQ Global Market, NASDAQ Global Select Market, the
NASDAQ Capital Market, the New York Stock Exchange or the American Stock Exchange, then the average of the closing sale prices of the
Common Stock for the five (5) trading days immediately prior to (but not including) the Determination Date; or (ii) If the Company's Common
Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market, the NASDAQ Capital Market, the New York
Stock Exchange or NYSE MKT, but is traded on the OTC Markets or in the over-the-counter market, then the average of the closing bid and
ask prices reported for the five (5) trading days immediately prior to (but not including) the Determination Date.

 

(b)               
The obligation of the Company to deliver Shares upon exercise of the Option shall be subject to all applicable laws, rules, and
regulations and such approvals by governmental agencies as may be deemed appropriate by the Board, including such actions as Company counsel
shall deem necessary or appropriate to comply with relevant securities laws and regulations. The Company may require that the Employee
represent that the Employee is purchasing Shares for the Employee’s own account and not with a view to or for sale in connection
with any distribution of the Shares, or such other representation as the Board deems appropriate. The Company shall withhold amounts required
to be withheld for any taxes, if applicable. Subject to Board approval, the Employee may elect to satisfy any income tax withholding obligation
of the Company with respect to the Option by having Shares withheld up to an amount that does not exceed the minimum applicable withholding
tax rate for federal (including FICA), state and local tax liabilities.

 

 

 

    	 	1	 

     

    

 

5.                  
Reservation of Common Stock. The Company hereby represents and warrants that there have been reserved, and the Company
shall at all applicable times keep reserved until issued (if necessary) as contemplated by this Section 5, out of the authorized
and unissued shares of Common Stock, sufficient shares to provide for the exercise of the rights of purchase represented by this Option.
The Company agrees that all Option Shares issued upon due exercise of the Option shall be, at the time of delivery of the certificates
for such Option Shares, duly authorized, validly issued, fully paid and non-assessable shares of Common Stock of the Company.

 

6.                  
Adjustments. Subject and pursuant to the provisions of this Section 6, the Option Price and number of Option Shares
subject to this Option shall be subject to adjustment from time to time as set forth hereinafter.

 

(a)               
If the Company shall, at any time or from time to time while this Option is outstanding, pay a dividend or make a distribution
on its Common Stock in shares of Common Stock, subdivide its outstanding shares of Common Stock into a greater number of shares or combine
its outstanding shares of Common Stock into a smaller number of shares or issue by reclassification of its outstanding shares of Common
Stock any shares of its capital stock (including any such reclassification in connection with a consolidation or merger in which the Company
is the continuing corporation), then (i) the Option Price in effect immediately prior to the date on which such change shall become
effective shall be adjusted by multiplying such Option Price by a fraction, the numerator of which shall be the number of shares of Common
Stock outstanding immediately prior to such change and the denominator of which shall be the number of shares of Common Stock outstanding
immediately after giving effect to such change and (ii) the number of Option Shares purchasable upon exercise of this Option shall
be adjusted by multiplying the number of Option Shares purchasable upon exercise of this Option immediately prior to the date on which
such change shall become effective by a fraction, the numerator of which is shall be the Option Price in effect immediately prior to the
date on which such change shall become effective and the denominator of which shall be the Option Price in effect immediately after giving
effect to such change, calculated in accordance with clause (i) above. Such adjustments shall be made successively whenever any event
listed above shall occur.

 

(b)               
In case the Company shall do any of the following (each, a “Triggering Event”): (i) consolidate or merge with
or into any other Person (as defined below) and the Company shall not be the continuing or surviving corporation of such consolidation
or merger, or (ii) permit any other Person to consolidate with or merge into the Company and the Company shall be the continuing
or surviving Person but, in connection with such consolidation or merger, any capital stock of the Company shall be changed into or exchanged
for securities of any other Person or cash or any other property, or (iii) transfer all or substantially all of its properties or
assets to any other Person, or (iv) effect a capital reorganization or reclassification of its capital stock, then, and in the case
of each such Triggering Event, proper provision shall be made to the Option Price and the number of Option Shares that may be purchased
upon exercise of this Option so that, upon the basis and the terms and in the manner provided in this Option, the Employee of this Option
shall be entitled upon the exercise hereof at any time after the consummation of such Triggering Event, to the extent this Option is not
exercised prior to such Triggering Event, to receive at the Option Price as adjusted to take into account the consummation of such Triggering
Event, in lieu of the Common Stock issuable upon such exercise of this Option prior to such Triggering Event, the securities, cash and
property to which such Employee would have been entitled upon the consummation of such Triggering Event if such Employee had exercised
the rights represented by this Option immediately prior thereto (including the right of a shareholder to elect the type of consideration
it will receive upon a Triggering Event), subject to adjustments (subsequent to such corporate action) as nearly equivalent as possible
to the adjustments provided for elsewhere in this Section 6, and the Option Price shall be adjusted to equal the product of (A) the
closing price of the common stock of the continuing or surviving corporation as a result of such Triggering Event as of the date immediately
preceding the date of the consummation of such Triggering Event multiplied by (B) the quotient of (i) the Option Price divided
by (ii) the Fair Market Value per share of Common Stock as of the date immediately preceding the issuance date of this Option. Immediately
upon the occurrence of a Triggering Event, the Company shall notify the Employee in writing of such Triggering Event and provide the calculations
in determining the number of Option Shares issuable upon exercise of the new Option and the adjusted Option Price. Upon the Employee’s
request, the continuing or surviving corporation as a result of such Triggering Event shall issue to the Employee a new Option of like
tenor evidencing the right to purchase the adjusted number of Option Shares and the adjusted Option Price pursuant to the terms and provisions
of this Section 6(b). For purposes of this Section 6(b), “Person” means any individual, corporation, partnership, joint
venture, limited liability company, association or any other entity.

 

7.                  
No Employment or Other Rights.  The grant of the Option shall not confer upon the Employee any right to be
retained by or in the employ or service of the Company and shall not interfere in any way with the right of the Company to terminate the
Agreement. The right of the Company to terminate the Agreement at any time for any reason is specifically reserved, as provided in the
Agreement.

 

 

 

    	 	2	 

     

    

 

8.                  
No Shareholder Rights.  Neither the Employee, nor any person entitled to exercise the Employee’s rights
in the event of Employee’s death, shall have any of the rights and privileges of a shareholder with respect to the Shares subject
to the Option, until certificates for Shares have been issued upon the exercise of the Option.

 

9.                  
Assignment and Transfers.  The rights and interests of the Employee under this Agreement may not be sold,
assigned, encumbered or otherwise transferred except, in the event of the death of the Employee, by will or by the laws of descent and
distribution. In the event of any attempt by the Employee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option
or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar
process upon the rights or interests hereby conferred, the Company may terminate the Option by notice to the Employee, and the Option
and all rights hereunder shall thereupon become null and void.

 

10.              
Applicable Law.  The validity, construction, interpretation and effect of this instrument shall be governed
by and construed in accordance with the laws of the State of Nevada, without giving effect to the conflicts of laws provisions thereof.

 

11.              
Notice.  Any notice to the Company provided for in this instrument shall be addressed to the Company in care
of the Chief Financial Officer at the Company’s principal executive offices at the address below, and any notice to the Employee
shall be addressed to Employee at the address below, or to such other address as the Employee may designate to the Company in writing.
Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as stated below, registered
and deposited, postage prepaid, in a post office regularly maintained by the United States Postal Service.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF,
the Company has caused its duly authorized officers to execute and attest this Agreement, and the Employee has executed this Agreement,
effective as of the Date of Grant.

 

 

	EdgeMode, Inc.	 	Employee
	 	 	 	 	 
	By:	/s/ Charles Faulkner	 	Accepted: 	/s/ Simon Wajcenberg
	Name: Charles Faulkner	 	Name: Simon Wajcenberg
	Its: Chief Executive Officer

	 	 

 

	Address: 	110 East Broward Boulevard, Suite 1700	 
	 	Fort Lauderdale, FL 33301	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	4Exhibit 10.35

 

Execution
Version

 

TENDER AND SUPPORT AGREEMENT

 

TENDER AND SUPPORT AGREEMENT
(this “Agreement”), dated as of September 12, 2022, by and among Chesapeake Energy Corporation, an
Oklahoma corporation (the “Company”), and each of the persons listed on Schedule A hereto (collectively,
the “Warrant Holders,” and each a “Warrant Holder”).

 

W I T N E S S E T H:

 

WHEREAS,
as of the date hereof, each Warrant Holder is the beneficial owner of certain of the Company’s outstanding publicly traded Class A
warrants (the “Class A warrants”), Class B warrants (the “Class B warrants”) and
Class C warrants (the “Class C warrants,” and together with the Class A warrants and Class B warrants,
the “Warrants”), each to purchase shares of common stock, par value $0.01 per share (“Common Stock”),
of the Company, that were originally issued upon the Company’s emergence from Chapter 11 Bankruptcy on February 9, 2021. The
Class A warrants are governed by that certain Warrant Agreement, dated as of February 9, 2021 (the “Class A Warrant
Agreement”), between the Company and Equiniti Trust Company, as warrant agent (the “Warrant Agent”); the
Class B warrants are governed by that certain Warrant Agreement, dated as of February 9, 2021 (the “Class B Warrant
Agreement”), between the Company and the Warrant Agent; and the Class C warrants are governed by that certain Warrant Agreement,
dated as of February 9, 2021 (the “Class C Warrant Agreement,” and together with the Class A Warrant
Agreement and Class B Warrant Agreement, the “Warrant Agreements”), between the Company and the Warrant Agent;

 

WHEREAS,
as of September 6, 2022, there are a total of 9,751,331 Class A warrants, 12,290,669 Class B warrants and 11,188,575 Class C
warrants outstanding;

 

WHEREAS,
each holder of a Class A warrant is entitled to purchase 1.12 shares of the Company’s Common Stock for $25.096 per share, each
holder of a Class B warrant is entitled to purchase 1.12 shares of the Company’s Common Stock for $29.182 per share, and each
holder of a Class C warrant is entitled to purchase 1.12 shares of the Company’s Common Stock for $32.860 per share, in each
case subject to certain adjustments under the respective Warrant Agreement;

 

WHEREAS,
the Company has initiated exchange offers (the “Exchange Offers,” and each individually, an “Exchange Offer”)
pursuant to a registration statement on Form S-4 initially filed with the Securities and Exchange Commission on August 18, 2022,
amended on August 31, 2022, further amended on September 12, 2022 (including the Prospectus/Offers to Exchange contained therein,
and as may be amended and supplemented, the “Registration Statement”), to offer all holders of the Warrants the opportunity
to exchange their respective Warrants for the consideration described on Schedule B hereto, subject to other terms and conditions
disclosed in the Registration Statement (collectively, the “Exchange Consideration”); and

 

WHEREAS,
as an inducement to the Company’s willingness to complete the Exchange Offers, each Warrant Holder has agreed to enter into this
Agreement.

 

NOW,
THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth
herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto,
intending to be legally bound, do hereby agree as follows:

 

     

     

    

 

Section 1.01 Agreement
to Tender. Each Warrant Holder shall validly tender or cause to be tendered to the Company all Warrants set forth opposite such Warrant
Holder’s name on Schedule A (the “Subject Warrants”), free and clear of all liens, pursuant to and in
accordance with the terms of the applicable Exchange Offer as described in the Registration Statement no later than the scheduled or extended
expiration time of such Exchange Offer for the applicable Exchange Consideration as set forth therein. Each Warrant Holder agrees that,
notwithstanding anything to the contrary in the Registration Statement, after a Warrant Holder validly tenders the Subject Warrants to
the Company in accordance with the terms of the Registration Statement, such Warrant Holder may not withdraw or cause to be withdrawn
the tender of any of such Warrants from the applicable Exchange Offer, unless this Agreement is terminated pursuant to Section 1.05.
For the avoidance of doubt, nothing in this Agreement shall restrict the Warrant Holder from acquiring additional Warrants subsequent
to the date hereof and such additional Warrants shall not be subject to the terms of this Agreement. Notwithstanding anything in the foregoing
or otherwise herein, the Warrant Holder retains the right to exercise the Subject Warrants or any other Warrants and may exercise such
right at any time prior to the end of the Observation Period including the last day of such period even if the Warrant Holder has previously
agreed to tender such Subject Warrants or any other Warrants.

 

Section 1.02 Ownership
of Warrants. Each Warrant Holder represents and warrants to the Company, as of the date hereof and as of the date of tender of
such Warrant Holder’s Subject Warrants in accordance with this Agreement, that such Warrant Holder is the sole beneficial
owner of the number of Warrants set forth opposite such Warrant Holder’s name on Schedule A, and has good and
marketable title to such Warrants free and clear of any liens, options, rights, or any other encumbrances, limitations or
restrictions whatsoever (other than liens imposed under typical prime brokerage agreements and those restrictions imposed by
applicable securities laws, this Agreement and the applicable Warrant Agreement). Each Warrant Holder shall not transfer any Subject
Warrants to any person (other than the Company in connection with the Exchange Offers) unless such person acquiring such Warrants
signs a joinder to this Agreement agreeing to be bound by all terms and conditions of this Agreement.

 

Section 1.03 Company
Covenants. The Company agrees (i) to consummate the Exchange Offers in accordance with the terms and subject to the conditions
set forth in the Registration Statement (ii) not to make any material change to the terms and conditions of the Exchange Offers as
described in the Registration Statement as of the date hereof (including, for the avoidance of doubt, any change to the Exchange Consideration
or any termination or withdrawal of any Exchange Offer, but excluding any extension of the Expiration Date, provided such extension is
announced publicly prior to the commencement of the Observation Period (as defined in the Registration Statement)), except in all cases
as required by applicable law or regulatory process and (iii) the Company will deliver the Exchange Consideration for each of the
Warrants tendered into the Exchange Offers to Warrant Holders no later than three Business Days (as defined in Schedule B) after the completion
of the Observation Period (as defined in the Registration Statement).

 

Section 1.04 Specific
Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in
accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement
or to enforce specifically the performance of the terms and provisions hereof, in addition to any other remedy to which they are entitled
at law or in equity.

 

    2 

     

    

 

Section 1.05 Termination.
This Agreement shall terminate as to all Warrant Holders with respect to a series of Warrants upon the earlier of (i) the Company
making any material change to the terms and conditions of the Exchange Offers as described in the Registration Statement (including, for
the avoidance of doubt, any change to the Exchange Consideration but excluding any extension of the Expiration Date, provided that such
extension is announced publicly prior to the commencement of the Observation Period (as defined in the Registration Statement) and the
amended Expiration Date is prior to 11:59 p.m. (New York City time) on November 4, 2022), except in all cases as required by
applicable law or regulatory process, (ii) 11:59 p.m. (New York City time) on November 4, 2022 and (iii) the announcement
of any record date for a dividend or distribution on the Company’s Common Stock that precedes the Expiration Date.

 

Section 1.06 Warrant
Holder Obligations Several and Not Joint. The obligations of each Warrant Holder hereunder shall be several and not joint, and no
Warrant Holder shall be liable for any breach of the terms of this Agreement by any other Warrant Holder.

 

Section 1.07 Governing
Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed in all respects by the
laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in
any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for
the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

Section 1.08 Counterparts.
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same Agreement. Electronic signatures complying with the New York State Electronic Signatures and
Records Act (N.Y. State Tech. §§ 301-309), as amended from time to time, or other applicable law will be deemed original signatures
for purposes of this Agreement. Transmission by telecopy, electronic mail or other transmission method of an executed counterpart of this
Agreement will constitute due and sufficient delivery of such counterpart.

 

[Signature Pages Follow]

 

    3 

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be duly executed as of the date first above written.

 

	 	COMPANY:
	 	 
	 	CHESAPEAKE
    ENERGY CORPORATION
	 	 
	 	By:	/s/
    Mohit Singh 
	 	Name:	Mohit
    Singh 
	 	Title:	Executive
    Vice President and Chief Financial Officer

 

[Signature
Page -- Chesapeake Tender and Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be duly executed as of the date first above written.

	 	 
	 	HOLDER:
	 	 
	 	[●]
	 	 
	 	By:	        
	 	Name: 	 
	 	Title	 

 

[Signature
Page -- Chesapeake Tender and Support Agreement]

 

     

     

    

 

Schedule A

 

Class A Warrants

 

	Name of Warrant Holder	Number of Warrants
	[ l ]	[ l ]

 

Class B Warrants

 

	Name of Warrant Holder	Number of Warrants
	[ l ]	[ l ]

 

Class C Warrants

 

	Name of Warrant Holder	Number of Warrants
	[ l ]	[ l ]

 

     

     

    

 

Schedule B

 

The consideration being offered to each Warrant
Holder in the Offers is as follows:

 

		•	with respect to Class A warrants to be exchanged, the consideration offered is the Class A Exchange Consideration (as defined
below);

 

		•	with respect to Class B warrants to be exchanged, the consideration offered is the Class B Exchange Consideration (as defined
below); and

 

		•	with respect to Class C warrants to be exchanged, the consideration offered is the Class C Exchange Consideration (as defined
below).

 

For the purposes of this Agreement, the following
terms have the meaning ascribed to them:

 

“Business Day” means any day other
than a Saturday, a Sunday or any day on which the Federal Reserve Bank of New York is authorized or required by law or executive order
to close or be closed.

 

“Class A Daily Share Amount” means,
for any VWAP Trading Day during the Observation Period, one-tenth (1/10) of the product of (a) the Class A Warrant Entitlement;
(b) the Class A Premium and (c) the quotient obtained by dividing (x) the excess, if any, of the Daily VWAP per share
of Common Stock on such VWAP Trading Day over the Class A Strike Price by (y) such Daily VWAP per share of Common Stock. For
the avoidance of doubt, the Class A Daily Share Amount will be zero for such VWAP Trading Day if such Daily VWAP per share of Common
Stock does not exceed the Class A Strike Price.

 

“Class A
Exchange Consideration” means, with respect to the Class A warrants to be exchanged by such exchanging holder, a number of
shares of Common Stock equal to the product of (a) the number of Class A warrants to be exchanged by such exchanging holder;
and (b) the sum of the Class A Daily Share Amounts for each day in the Observation Period for such Class A warrant; provided,
however, that if the aggregate number of shares of Common Stock deliverable to any exchanging holder is not a whole number, then
in lieu of issuing any fractional share of Common Stock, the number of shares of Common Stock issuable will be rounded up to the
nearest whole number.

 

“Class A Premium” means 1.04.

 

“Class A Strike Price” means $25.096.

 

“Class A Warrant Entitlement”
means 1.12.

 

     

     

    

 

“Class B Daily Share Amount” means,
for any VWAP Trading Day during the Observation Period, one-tenth (1/10) of the product of (a) the Class B Warrant Entitlement;
(b) the Class B Premium; and (c) the quotient obtained by dividing (x) the excess, if any, of the Daily VWAP per share
of Common Stock on such VWAP Trading Day over the Class B Strike Price by (y) such Daily VWAP per share of Common Stock. For
the avoidance of doubt, the Class B Daily Share Amount will be zero for such VWAP Trading Day if such Daily VWAP per share of Common
Stock does not exceed the Class B Strike Price.

 

“Class B Exchange Consideration”
means, with respect to the Class B warrants to be exchanged by such exchanging holder, a number of shares of Common Stock equal to
the product of (a) the number of Class B warrants to be exchanged by such exchanging holder; and (b) the sum of the Class B
Daily Share Amounts for each day in the Observation Period for such Class B warrant; provided, however, that if the
aggregate number of shares of Common Stock deliverable to any exchanging holder is not a whole number, then, in lieu of issuing any fractional
share of Common Stock, the number of shares of Common Stock issuable will be rounded up to the nearest whole number.

 

“Class B Premium” means 1.05.

 

“Class B Strike Price” means $29.182.

 

“Class B Warrant Entitlement”
means 1.12.

 

“Class C Daily Share Amount” means,
for any VWAP Trading Day during the Observation Period, one-tenth (1/10) of the product of (a) the Class C Warrant Entitlement;
(b) the Class C Premium; and (c) the quotient obtained by dividing (x) the excess, if any, of the Daily VWAP per share
of Common Stock on such VWAP Trading Day over the Class C Strike Price by (y) such Daily VWAP per share of Common Stock. For
the avoidance of doubt, the Class C Daily Share Amount will be zero for such VWAP Trading Day if such Daily VWAP per share of Common
Stock does not exceed the Class C Strike Price.

 

“Class C Exchange Consideration”
means, with respect to the Class C warrants to be exchanged by such exchanging holder, a number of shares of Common Stock equal to
the product of (a) the number of Class C warrants to be exchanged by such exchanging holder; and (b) the sum of the Class C
Daily Share Amounts for each day in the Observation Period for such Class C warrant; provided, however, that if the
aggregate number of shares of Common Stock deliverable to any exchanging holder is not a whole number, then, in lieu of issuing any fractional
share of Common Stock, the number of shares of Common Stock issuable will be rounded up to the nearest whole number.

 

“Class C Premium” means 1.065.

 

“Class C Strike Price” means $32.860.

 

“Class C Warrant Entitlement”
means 1.12.

 

“Daily VWAP” means, for any VWAP Trading
Day, the per share volume-weighted average price of the Common Stock as displayed under the heading “Bloomberg VWAP” on Bloomberg
page “CHK <EQUITY> AQR” (or, if such page is not available, its equivalent successor page) in respect of the
period from the scheduled open of trading until the scheduled close of trading of the primary trading session on such VWAP Trading Day
(or, if such volume-weighted average price is unavailable, the market value of one share of Common Stock on such VWAP Trading Day, determined,
using a volume-weighted average price method, by a nationally recognized independent investment banking firm selected by the Company).
The Daily VWAP will be determined without regard to after-hours trading or any other trading outside of the regular trading session.

 

“Observation Period” means the ten
consecutive VWAP Trading Days immediately preceding October 8, 2022, unless extended in accordance with the terms of the Tender and
Support Agreements.

 

“VWAP Market Disruption Event” means,
with respect to any date, (a) the failure by the principal U.S. national or regional securities exchange on which the Common Stock
is then listed to open for trading during its regular trading session on such date; or (b) the occurrence or existence, for more
than one half hour period in the aggregate, of any suspension or limitation imposed on trading (by reason of movements in price exceeding
limits permitted by the relevant exchange or otherwise) in the Common Stock or in any options, contracts or futures contracts relating
to the Common Stock, and such suspension or limitation occurs or exists at any time before 1:00 p.m., New York City time, on such date.

 

“VWAP Trading Day” means a day on which
there is no VWAP Market Disruption Event.

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