Document:

Document

Exhibit 10.13

THIS SECOND AMENDMENT TO THE FULTON FINANCIAL CORPORATION  DEFERRED COMPENSATION PLAN, as restated July 1, 2015, is hereby adopted this 10th day of December, 2020, effective as provided herein.

WITNESSETH:
            WHEREAS, Fulton Financial Corporation (herein called the “Principal Employer”), along with various of its subsidiaries, heretofore adopted a nonqualified deferred compensation plan for the benefit of eligible employees known as the Fulton Financial Corporation Deferred Compensation Plan (the “Plan”);
            WHEREAS, Section 6.02 of the Plan provides that the Principal Employer has the right to amend the Plan through its Retirement Plans Administrative Committee (the “Committee”) if the Committee determines the amendment is helpful to the administration and operation of the Plan and is not expected to have a material financial impact on the liability of the Employers under the Plan; and
            WHEREAS, the Principal Employer desires to amend the Plan to revise how participants may elect to receive amounts deferred under the Plan for Plan years commencing on and after January 1, 2021, and make certain other clarifying changes;
            NOW, THEREFORE, by virtue and in exercise of the amending power reserved to the Committee by Section 6.02 of the Plan, the Plan is hereby amended, effective January 1, 2021, as follows:

1.         Section 1.01 of the Plan is amended in its entirety to read as follows:
Section 1.01: Account.  The bookkeeping account consisting of the amounts credited to a Participant’s Compensation Deferral Subaccount, Flex Subaccounts, Matching Contribution Subaccount, and Post-2020 Retirement Subaccount.

            2.         Section 1.06 of the Plan is amended in its entirety to read as follows:
            Section 1.06: Compensation Deferral Subaccount.  The individual subaccount maintained for each Participant to which is credited a Participant’s Compensation Deferrals under Section 3.01 hereof related to Compensation earned before January 1, 2021.  The Compensation Deferral Subaccount shall consist of two separate sub-subaccounts:  the Compensation Deferral Subaccount A, which shall be credited with a Participant’s Compensation Deferrals under Section 3.01 hereof related to Compensation earned prior to January 1, 2005, along with earnings attributable thereto; and the Compensation Deferral Subaccount B, which shall be credited with a Participant’s Compensation Deferrals under Section 3.01 hereof related to Compensation earned on and after January 1, 2005 and before January 1, 2021, along with earnings attributable thereto.

            3.         Article I of the Plan is amended to add a new Section 1.08A to read as follows:
            Section 1.08A: Flex Subaccount.  An individual subaccount maintained for each Participant to which may be credited a portion of a Participant’s Compensation Deferrals under Section 3.01 hereof related to Compensation earned on or after January 1, 2021, along with earnings attributable thereto.  A Flex Subaccount shall be either: a Separation Flex Subaccount, which is a Flex Subaccount that the Participant has elected to be payable upon the Participant’s Separation from Service or in a calendar year following Separation from Service, but in no event prior to the seventh month following the month in which Separation from Service occurs; or a Specified Date Flex Subaccount, which is a Flex Subaccount that the Participant has elected to 

be payable in a calendar year specified by the Participant (or upon the Participant’s Separation from Service, if such Separation from Service occurs prior to such calendar year).

4.         Section 1.09 of the Plan is amended in its entirety to read as follows:
            Section 1.09: Matching Contribution Subaccount.  The individual subaccount maintained for each Participant to which is credited a Participant’s Matching Contributions under Section 3.01 hereof related to Compensation earned before January 1, 2021, along with earnings attributable thereto.

            5.         Article I of the Plan is amended to add a new Section 1.12A to read as follows:
            Section 1.12A: Post-2020 Retirement Subaccount.  An individual subaccount maintained for each Participant to which is credited a Participant’s Matching Contributions under Section 3.01 hereof, and to which may be credited a portion of a Participant’s Compensation Deferrals under Section 3.01 hereof, in each case related to Compensation earned on or after January 1, 2021, along with earnings attributable thereto.

            6.         Section 3.01(c) of the Plan is amended in its entirety to read as follows:
            (c)        Amounts equal to the Participant’s Compensation Deferrals shall be credited as follows:
(1)        There shall be established and maintained for each Participant a Compensation Deferral Subaccount to which shall be credited amounts equal to the Participant’s Compensation Deferrals related to Compensation earned before January 1, 2021.  A Participant shall always be one hundred percent (100%) vested in his Compensation Deferral Subaccount (and investment gains and losses deemed credited thereto).
(2)        There shall be established and maintained for each Participant up to five (5) Flex Subaccounts and a Post-2020 Retirement Subaccount, to which shall be credited amounts equal to a portion the Participant’s Compensation Deferrals related to Compensation earned on or after January 1, 2021, as elected by the Participant on an election form described in Section 3.01(b).  A Participant shall always be one hundred percent (100%) vested in the Participant’s Flex Subaccounts and Post-2020 Retirement Subaccount (and investment gains and losses deemed credited thereto).

            7.         Section 3.01(d) of the Plan is amended in its entirety to read as follows:
            (d)       Each Participant hereunder who in a Plan Year: (i) is employed by Fulton Financial Corporation and is a member of Senior Management, an Executive Vice President or a Senior Executive Vice President; (ii) is also eligible to participate in the Fulton 401(k) Plan; (iii) has Compensation in excess of the maximum amount of annual compensation (Code section 401(a)(17) limit, as indexed) that can be taken into account under the Fulton 401(k) Plan; and (iv) makes Compensation Deferrals under this Plan for such Plan Year out of his Compensation that is in excess of the maximum amount of annual compensation that can be taken into account under the Fulton 401(k) Plan, shall be eligible hereunder for a Matching Contribution on such Compensation Deferrals at the same matching rate that is in effect that Plan Year under the Fulton 401(k) Plan.  An eligible Participant’s Matching Contributions hereunder related to Compensation earned before January 1, 2021 shall be determined as soon as practicable after the end of such Plan Year and promptly credited to the Participant’s Matching Contribution Subaccount.  An eligible Participant’s Matching Contributions hereunder related to Compensation earned on or after January 1, 2021 shall be determined as soon as practicable after the end of such Plan Year and promptly credited to the Participant’s Post-2020 Retirement Subaccount.  A Participant shall always be one hundred percent (100%) vested in the 

Participant’s Matching Contribution Subaccount and Post-2020 Retirement Subaccount (and the investment gains and losses deemed credited thereto).

            8.         Section 3.02 of the Plan is amended in its entirety to read as follows:
            Section 3.02: Account Earnings.  Amounts credited to a Participant’s Account shall be deemed invested until the last day of the month preceding the month in which the amount is distributed to the Participant, in accordance with the Participant’s direction, between and among one or more investment alternatives selected from time to time by the Administrator and made available under the Plan.  In the absence of Participant directions, a Participant’s Account shall be deemed invested in the available investment alternative that is designated by the Administrator from time to time as the default investment fund.  Rules and procedures governing the frequency and manner of Participant investment directions shall be established by the Administrator and communicated to Participants.

9.         Section 4.01 of the Plan is amended in its entirety to read as follows:
            Section 4.01: Payment of Benefits
                        (a)        A Participant’s Compensation Deferral Subaccount and Matching Contribution Subaccount shall become payable when the Participant attains age 62 or, if later, upon the Participant’s Separation from Service.  The Participant (or his Beneficiary) shall be entitled to a benefit equal to the amount then credited to the Participant’s Compensation Deferral Subaccount and Matching Contribution Subaccount (less any amounts required to be withheld for tax purposes).  Said benefit shall be distributed in accordance with this Article.
                        (b)        A Participant’s Post-2020 Retirement Subaccount and Separation Flex Subaccounts shall become payable upon the Participant’s Separation from Service or in a calendar year following Separation from Service, as specified by the Participant, but in no event prior to the seventh month following the month in which Separation from Service occurs.  The Participant (or his Beneficiary) shall be entitled to a benefit equal to the amount then credited to the Participant’s Post-2020 Retirement Subaccount and Separation Flex Subaccounts (less any amounts required to be withheld for tax purposes).  Said benefit shall be distributed in accordance with this Article.  If a Participant fails to elect, by the end of the Election Period described in Section 3.01(a) for the Participant’s initial Compensation Deferral election, the time at which payment of the Participant’s Post-2020 Retirement Subaccount or any Separation Flex Subaccount will be made, then the Employer shall pay the benefit upon Separation from Service.  Such Participant may change this default time of payment subject to the rules for making changes in elective forms of payment described in Section 4.02(e).
                        (c)        Each of a Participant’s Specified Date Flex Subaccounts shall become payable in a calendar year specified by the Participant; provided that if the Participant’s Separation from Service occurs prior to such calendar year, such Specified Date Flex Subaccount shall be payable upon such Separation from Service.  The Participant (or his Beneficiary) shall be entitled to a benefit equal to the amount then credited to such Specified Date Flex Subaccount (less any amounts required to be withheld for tax purposes).  Said benefit shall be distributed in accordance with this Article. If a Participant fails to elect, by the end of the Election Period described in Section 3.01(a) for the Participant’s initial Compensation Deferral election, the time at which payment of a Specified Date Flex Subaccount will be made, then the Employer shall pay the benefit with respect to such Specified Date Flex Subaccount in the third (3rd) calendar year following the time of his initial Compensation Deferral election relating to such Specified Date Flex Subaccount. Such Participant may change this default time of payment subject to the rules for making changes in elective forms of payment described in Section 4.02(e).  

            10.       Section 4.02 of the Plan is amended in its entirety to read as follows:
Section 4.02: Method of Payment
                        (a)        For Compensation Deferral Subaccount A.  No later than 12 months prior to the date a Participant’s benefit becomes payable, the Participant may select from the following forms the manner in which the amounts credited to his Compensation Deferral Subaccount A shall be distributed.
                                    (1)        Single, lump sum payment; or
                                    (2)        Substantially equal monthly or annual installments over a period
                                     of not more than twenty (20) years.
A Participant shall select the desired form of distribution by completing and timely filing a payment election form with the Administrator.  If a Participant fails to file a payment election form at least 12 months prior to the date the benefit becomes payable, then the Employer shall pay the benefit in substantially equal monthly installments over a period of five (5) years.  A Participant may change his payment election at any time prior to commencement of the 12-month period ending on the date the benefit becomes payable.  The payment election in effect on the date such 12-month period commences shall become irrevocable on such date and shall not be changed thereafter under any circumstances.
(b)        For Compensation Deferral Subaccount B and Matching Contribution Subaccount.  Concurrent with the time of his initial Compensation Deferral election relating to amounts to be credited to his Compensation Deferral Subaccount B and his Matching Contribution Subaccount pursuant to Section 3.01, if applicable, the Participant shall select from the following forms the manner in which all amounts thereafter credited to his Compensation Deferral Subaccount B and his Matching Contribution Subaccount shall be distributed:
            (1)        Single, lump sum payment; or
            (2)        Substantially equal monthly or annual installments over a period
                         of not more than twenty (20) years.
If a Participant fails to elect, by the end of the Election Period described in Section 3.01(a) for the Participant’s initial Compensation Deferral election, the manner in which payment of the Participant’s Compensation Deferral Subaccount B and Matching Contribution Subaccount will be made, then the Employer shall pay the benefit in substantially equal monthly installments over a period of five (5) years; provided, however, that such Participant may change this default form of payment subject to the rules for making changes in elective forms of payment described below.
(c)        For Post-2020 Retirement Subaccount and Separation Flex Subaccounts.  Concurrent with the time of his initial Compensation Deferral election relating to amounts to be credited to his Post-2020 Retirement Subaccount or any Separation Flex Subaccount pursuant to Section 3.01, if applicable, the Participant shall specify whether payment shall occur or commence upon the Participant’s Separation from Service or in a calendar year following Separation from Service, but in no event prior to the seventh month following the month in which Separation from Service occurs, and select from the following forms the manner in which all amounts thereafter credited to such Post-2020 Retirement Subaccount or Separation Flex Subaccount shall be distributed:
(1)        Single, lump sum payment; or
(2)        Substantially equal annual installments over a period of not more
             than fifteen (15) years.

If a Participant fails to elect, by the end of the Election Period described in Section 3.01(a) for the Participant’s initial Compensation Deferral election, the manner in which payment of the Participant’s Post-2020 Retirement Subaccount or any Separation Flex 

Subaccount will be made, then the Employer shall pay the benefit in a single, lump sum payment.  Such Participant may change this default form of payment subject to the rules for making changes in elective forms of payment described below.
(d)       For Specified Date Flex Subaccounts.  Concurrent with the time of his initial Compensation Deferral election relating to amounts to be credited to a Specified Date Flex Subaccount pursuant to Section 3.01, if applicable, the Participant shall specify the calendar year in which payment shall occur or commence, and select from the following forms the manner in which all amounts thereafter credited to such Specified Date Flex Subaccount shall be distributed:
            (1)        Single, lump sum payment; or
            (2)        Substantially equal annual installments over a period of not more
             than five (5) years.
If a Participant fails to elect, by the end of the Election Period described in Section 3.01(a) for the Participant’s initial Compensation Deferral election, the manner in which payment of a Specified Date Flex Subaccount will be made, then the Employer shall pay the benefit with respect to such Specified Date Flex Subaccount in a single, lump sum payment.  Such Participant may change this default form of payment subject to the rules for making changes in elective forms of payment described below.  Notwithstanding anything in this Section 4.02(d) to the contrary, if the Participant’s Separation from Service occurs before the calendar year of payment specified by the Participant with respect to a Specified Date Flex Subaccount, then the Employer shall pay the benefit with respect to such Specified Date Flex Subaccount upon the Participant’s Separation from Service in a single, lump sum payment.
(e)        Any subsequent change by the Participant to the form of payment selected with respect to his Compensation Deferral Subaccount B or Matching Contribution Subaccount, or to the time or form of payment selected with respect to his Post-2020 Retirement Subaccount or Flex Subaccount, shall be subject to the following conditions:  the change must be made at least 12 months in advance of the date the initial payment under the prior election is scheduled to be made; the change cannot take effect until at least 12 months after it is made; and the initial payment pursuant to the change shall not be made until a date that is at least five years from the date such payment would otherwise have been made under the initial election.  
(f)        Distribution of a Participant’s benefit shall be made or commence on the first payroll payment date in the month following the date the benefit becomes payable pursuant to Section 4.01, or as soon thereafter as administratively practicable, but in no event later than 90 days after the date the benefit becomes payable; provided, however, that if the Participant’s benefit becomes payable due to the Participant’s Separation from Service, distribution of the Participant’s benefit shall be made or shall commence on the first payroll payment date of the seventh month following the last day of the month in which the benefit becomes payable pursuant to Section 4.01, or as soon thereafter as administratively practicable, but in no event later than 90 days after such payroll payment date.  Subsequent installment payments with respect to a Post-2020 Retirement Subaccount or a Flex Subaccount, if applicable, shall be made annually until the benefit is fully paid, and any installment payments subject to delay under this Section 4.02(f) will result in an extension of the payout period commensurate with such delay rather than be paid at the time benefit payments commence.  Subsequent installment payments with respect to other subaccounts, if applicable, shall be made monthly or annually pursuant to the Participant’s election (or monthly, absent such an election) until the benefit is fully paid, and any installment payments subject to delay under this Section 4.02(f) will result in an extension of the payout period commensurate with such delay rather than be paid at the time benefit payments commence.  The six-month delay in making payments triggered by a Participant’s Separation 

from Service complies with the Fulton Financial Corporation Key Employee Amendment to the 409A Plans.
(g)        In the event the Participant dies before the payment of his benefit under his Compensation Deferral Subaccount A commences, or after the payment of his benefit under Compensation Deferral Subaccount A commences but prior to the complete distribution of such benefit, then the Participant’s benefit under Compensation Deferral Subaccount A, or the unpaid portion thereof, shall be paid to his Beneficiary at the time and under the method determined under subsections 4.01(a) and 4.02(a), respectively.  In the event the Participant dies before the payment of his benefit under any other subaccount commences, or after the payment of his benefit under any other subaccount commences but prior to the complete distribution of such benefit, then the Participant’s benefit under such subaccount, or the unpaid portion thereof, shall be paid to his Beneficiary in a single, lump sum payment as soon as practicable following the Participant’s death, but in no event later than the last day of the first Plan Year following the Plan Year in which the Participant’s death occurred.  

11.       The first paragraph of Section 4.03(b) of the Plan is amended in its entirety to read as follows:
(b)        At any time prior to the date a Participant’s benefit becomes payable under section 4.01, a Participant who has an Unforeseeable Emergency may request to receive all or a portion of that part of his accrued benefit credited to his Compensation Deferral Subaccount B,  Post-2020 Retirement Subaccount, or any Flex Subaccount (but not any contribution credited to the Matching Contribution Subaccount).  If the Administrator determines that a distribution is necessary on account of the Unforeseeable Emergency, the Participant shall receive no more than the amount of his accrued benefit that is necessary to alleviate the Unforeseeable Emergency in a single cash payment.  Distributions under this Section 4.03(b) are subject to the following rules.

IN WITNESS WHEREOF, this Second Amendment was duly executed on this 10th day of December, 2020.

                                                                        FULTON FINANCIAL CORPORATION
                                                                        RETIREMENT PLANS 
                                                                        ADMINISTRATIVE COMMITTEE
                                                                        By:     /s/ Bernadett Taylor                                                             
                                                                                    Bernadette Taylor
                                                                                    SEVP/Chief Human Resource OfficerExhibit 4.1

        

        

        

        FIRST AMENDED AND RESTATED

      CERTIFICATE OF INCORPORATION

      OF

      TENGASCO, INC.

    

    
      

      

      February 26, 2021

       

    

    Tengasco, Inc., a corporation organized and existing under the laws of the state of Delaware, hereby certifies that:

     

    First: The name of the
        corporation is Tengasco, Inc.;

     

    Second: The original
        Certificate of Incorporation of Tengasco, Inc. was filed in the office of the Secretary of State of the state of Delaware on April 18, 2011 and a Certificate of Amendment to Certificate of Incorporation was filed on March 23, 2016;

     

    Third: Pursuant to
        Sections 242 and 245 of the Delaware General Corporation Law (the “DGCL”), this First Amended and Restated Certificate of Incorporations restates, integrates and further amends
        the provisions of the Certificate of Incorporation of the corporation;

     

    Fourth: The directors
        and stockholders of Tengasco, Inc., in accordance with Section 242 and 245 of the DGCL, have duly adopted and approved this First Amended and Restated Certificate of Incorporation (this “Certificate”);

     

    Fifth: This Certificate
        shall be effective as of 4:00 p.m. (EST) on February 26, 2021; and

     

    Sixth: The Certificate
        of Incorporation of Tengasco, Inc. is hereby amended and restated to read in its entirety as follows:

     

    
      1.            Name.  The name of the corporation
            is Riley Exploration Permian, Inc. (the “Corporation”).

       

      2.          Registered Office and Agent.  The address of the registered office in the State of Delaware is 251 Little Falls Drive,
            Wilmington, DE 19808, County of New Castle. The registered agent in charge thereof is Corporation Service Company.

       

      3.            Purpose.  The purpose of the Corporation is to engage in any lawful act or activity for which corporations may be
            organized under the General Corporation Law of the State of Delaware (the “DGCL”).

       

      4.          Authorized Capital Stock.  The
            aggregate number of shares which the Corporation shall have the authority to issue is 265 million (265,000,000) shares consisting of 240 million (240,000,000)
            shares of Common Stock, par value $.001 per share and twenty five million (25,000,000) shares of Preferred Stock, par value $.0001 per share.

       

    

    
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      (a)          Common Stock.

       

    

    
      (1)          Dividends.  The holders of shares of Common Stock shall be entitled to receive, when and as declared by the
            Board of Directors, out of the assets of the Corporation legally available therefor, such dividends as may be declared from time to time by the Board of Directors.

       

      (2)          Liquidation.  Subject to the rights of any other series of class of stock, the holders of shares of Common
            Stock shall be entitled to receive all of the assets of the Corporation available for distribution to shareholders in the event of the voluntary or involuntary liquidation, dissolution or winding up of the Corporation, ratably, in proportion to
            the number of shares of Common Stock held by them. Neither the merger or the consolidation of the Corporation into or with any other corporation, nor the sale, lease, exchange or other disposition (for cash, shares of stock, securities or other
            consideration) of all or substantially all of the assets of the Corporation shall be deemed to be a dissolution, liquidation  or winding up, voluntary or involuntary of the Corporation.

       

      (3)          Redemption.  Common Stock shall not be subject to redemption.

       

      (4)          Voting.  Subject to the rights of any other class or series of stock and the provisions of the laws of the
            State of Delaware governing business corporations, voting rights shall be vested in the holders of Common Stock. Each holder of Common Stock shall have one vote in respect of each share of such stock held. The ability of the stockholders to
            engage in cumulative voting is hereby specifically denied.

       

      (5)          Denial of Preemptive Rights.  No holder of Common Stock or any other person shall have any preemptive right to
            purchase or subscribe to any shares of any class of stock or any notes, debentures, options, warrants or other securities, now or hereafter authorized.

       

      (6)          Reverse Split.  Upon
              effectiveness of this First Amended and Restated Certificate of Incorporation (the “Effective Time”), each share of Common Stock, par value $.001 per share
              issued and outstanding immediately prior to the Effective Time (the “Original Common Stock”), shall be reclassified into one-twelfth of a share of Common
              Stock, such Common Stock to have the rights and powers set forth in this First Amended and Restated Certificate of Incorporation and under the DGCL (the “Reverse Split”). All shares of Common Stock issued to any holder of Original Common
              Stock as a result of the Reverse Split shall be aggregated for the purpose of determining the number of shares of Common Stock to which such holder shall be entitled, and no fractional shares shall be issued in connection with the Reverse
              Split. At and after the Effective Time, outstanding certificates that prior thereto represented shares of Original Common Stock shall be deemed for all purposes to evidence ownership of and to represent that number of shares of Common Stock
              into which the shares previously represented by such certificates have been reclassified as herein provided. No fractional shares shall be issued in connection with the Reverse Split. Stockholders who otherwise would be entitled to receive
              fractional share interests of Common Stock as a result of the Reverse Split shall be entitled to receive in lieu of such fractional share interests, upon the Effective Time, one whole share of Common Stock in lieu of such fractional share
              interest. Until any such outstanding stock certificates have been surrendered for transfer or otherwise accounted for to the Corporation, the registered owner thereof on the books and records of the Corporation shall have and be entitled to
              exercise any voting and other rights with respect to, and receive any dividend and other distributions upon, the shares of Common Stock issued in respect of the Original Common Stock formerly evidenced by such certificates.

       

    

    
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      (b)         Preferred Stock.  The Preferred Stock may be issued, from time to time, in one or more series, with such
            designations, preferences and relative, participating, optional or other rights, qualifications, limitations or restrictions  thereof as shall be stated and expressed in the resolution or resolutions providing for the issue of such series which
            shall be adopted by the Board of Directors from time to time, pursuant to the authority hereby given, a copy of which resolution or resolutions shall be set forth in a certificate made, executed, acknowledged, filed and recorded in the manner
            required by the DGCL in order to make the same effective. Each series shall consist of such number of shares as shall be stated and expressed in such resolution or resolutions providing for the issuance of the stock of such series. The
            authority of the Board of Directors with respect to each series shall include, but not be limited to, determination of the following:

       

      (1)          the number of shares constituting that series and the distinctive designation of the series;

       

      (2)          whether the holders of shares of that series shall be entitled to receive dividends and, if so, the rates of such dividends, conditions under which and times such dividends may be declared or
            paid, any preferences of any such dividend to, and the relation to, the dividends payable on any other class or classes of stock or any other series of that same class and whether dividends shall be cumulative or noncumulative and, if
            cumulative, from which date or dates;

       

      (3)          whether the holders of shares of that series shall have voting rights in addition to the voting rights provided by law and, if so, the terms of such voting rights;

       

      (4)          whether shares of that series shall have conversion or exchange privileges into or for, at the option of the holder or the Corporation or upon the happening of a specified event, shares of any
            other class or classes or of any other series of the same or other class or classes of stock of the Corporation and, if so, the terms and conditions of such conversion or exchange, including provision for adjustment of the conversion or
            exchange rate in such event as the Board of Directors shall determine;

       

      (5)          whether shares of that series shall be redeemable and, if so, the terms and conditions of such redemption, including the date or dates upon or after  which they shall be redeemable and the
            amount per share payable in case of redemption, which amounts may vary under different conditions and at different redemption dates;

       

      (6)          whether shares of that series shall be subject to the operation of a retirement or sinking fund and, if so subject, the extent to and the manner in which it shall be applied to the purchase or
            redemption of the shares of that series, and the terms and provisions relative to the operation thereof;

       

      (7)          the rights of shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the Corporation and any preference of any such rights to, and the relation
            to, the rights in respect thereto of any class or classes of stock or any other series of the same class; and

       

    

    
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      (8)        whether shares of that series shall be subject or entitled to any other preferences, and other relative, participating, optional or other special rights and qualifications, limitations or
            restrictions of shares of that series and, if so, the terms thereof.

       

    

    
      5.          Directors.  The management of the business and the conduct of the affairs of the Corporation shall be vested in its
            Board of Directors, which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by law, this First Amended and Restated Certificate of Incorporation or the Bylaws directed or required to be exercised
            or done by stockholders. The number of directors which constitute the whole Board of Directors shall be fixed by, or in the manner provided in the Bylaws of the Corporation. Notwithstanding the foregoing provisions of this Section, each
            director shall serve until his successor is duly elected and qualified or until his death, resignation or removal. No decrease in the number of directors constituting the Board of Directors shall shorten the term of any incumbent director.
            Subject to the rights of any other series of class of stock, any or all of the Directors may be removed for cause by a majority vote of the stockholders present, either in person or by proxy, at a meeting called for such purpose and notice of
            which was provided to the stockholders in accordance with the Bylaws of the Corporation.

       

      6.          Elimination of Certain Liability of Directors.  No director of the Corporation shall be held personally liable to the
            Corporation or its stockholders for monetary damages of any kind for breach of fiduciary duty as a director, except for liability (i) for any breach of the director's duty of loyalty to the Corporation or its stockholders, (ii) for acts or
            omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) under Section 174 of the DGCL, or (iv) for any transaction from which the director derived an improper personal benefit.  If the DGCL is
            amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent permitted by the DGCL as so
            amended from time to time.  No amendment to, or repeal of, this Section 6 shall adversely affect any right or protection of any director of the Corporation existing at the time of such amendment or repeal for or with respect to acts or
            omissions of such director prior to such amendment or repeal.

       

    

    
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      7.          Corporate Opportunities Waiver.  Yorktown
            Partners LLC (“Yorktown”), Bluescape Riley Exploration Holdings LLC (“Bluescape”) and Boomer Petroleum, LLC (“Boomer” and together with Yorktown and Bluescape, the “Sponsors” and each, a “Sponsor”) own and will own substantial equity interests
            in other entities (existing and future) that participate in the energy industry (“Portfolio Companies”) and may make investments and enter into advisory service agreements and other agreements from time to time with those Portfolio Companies.
            Certain members of the Board of Directors may also serve as employees, partners, officers or directors of members of the Sponsors or Portfolio Companies and, at any given time, the Sponsors or Portfolio Companies may be in direct or indirect
            competition with the Corporation and/or its subsidiaries. The Corporation waives, to the maximum extent permitted by law, the application of the doctrine of corporate opportunity (or any analogous doctrine) with respect to the Corporation, to
            the Sponsors or Portfolio Companies or any directors or officers of the Corporation who are also employees, partners, members, managers, officers or directors of any of the Sponsors or Portfolio Companies. As a result of such waiver, no
            Sponsor, nor any director or officer of the Corporation who is also an employee, partner, member, manager, officer or director of any of the Sponsors or Portfolio Companies, shall have any obligation to refrain from: (A) engaging in or managing
            the same or similar activities or lines of business as the Corporation or any of its subsidiaries or developing or marketing any products or services that compete (directly or indirectly) with those of the Corporation or any of its
            subsidiaries; (B) investing in or owning any (public or private) interest in any Person engaged in the same or similar activities or lines of business as, or otherwise in competition with, the Corporation or any of its subsidiaries (including
            any Sponsor, a “Competing Person”); (C) developing a business relationship with any Competing Person; or (D) entering into any agreement to provide any service(s) to any Competing Person or acting as an officer, director, member, manager or
            advisor to, or other principal of, any Competing Person, regardless (in the case of each of (A) through (D)) of whether such activities are in direct or indirect competition with the business or activities of the Corporation or any of its
            subsidiaries (the activities described in (A) through (D) are referred to herein as “Specified Activities”). To the fullest extent permitted by law, the Corporation hereby renounces (for itself and on behalf of its subsidiaries) any interest or
            expectancy in, or in being offered an opportunity to participate in, any Specified Activity that may be presented to or become known to any Sponsor or Portfolio Company or any director or officer of the Corporation who is also an employee,
            partner, member, manager, officer or director of any Sponsor or Portfolio Company (other than any directors or officers of the Corporation who are also employees, partners, members, managers, officers or directors of any Sponsor or Portfolio
            Company that are presented business opportunities in their capacity as the Corporation’s officers or directors).

       

    

    (a)          For purposes of this Section 7, the following terms have the following definitions: (a) “Affiliate” means, with respect to a specified Person, a Person that directly, or
          indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, such specified Person; with respect to any Sponsor, an “Affiliate” shall include (1) any Person who is the direct or indirect ultimate
          holder of “equity securities” (as such term is described in Rule 405 under the Securities Act of 1933, as amended) of such Sponsor, and (2) any investment fund, alternative investment vehicle, special purpose vehicle or holding company that is
          directly or indirectly managed, advised or controlled by such Sponsor, including any Portfolio Company, and (b) “Person” means any individual, corporation, partnership, limited liability company, joint venture, firm, association, or other entity.

     

    (b)          To the fullest extent permitted by applicable law, any Person purchasing or otherwise acquiring any interest in any shares of capital stock of the Corporation shall be deemed to have notice of, and to have consented
          to, the provisions of this Section 7. This Section 7 shall not limit any protections or defenses available to, or indemnification or advancement rights of, any director or officer of the Corporation under this First Amended and Restated
          Certificate of Incorporation, the Bylaws of the Corporation or any applicable law.

     

    
      5

      
        

    

    
      8.          Amendments to Bylaws.  In furtherance and not in limitation of the powers conferred by the DGCL, the Board of Directors
            is expressly authorized to make, alter or repeal the Bylaws of the Corporation.

       

      9.          Amendments to Certificate.  The Corporation
              shall have the right, subject to any express provisions or restrictions contained in this First Amended and Restated Certificate of Incorporation, from time
              to time, to amend this First Amended and Restated Certificate of Incorporation or any provision hereof in any manner now or hereafter provided by applicable
              law, and all rights and powers of any kind conferred upon a director or stockholder of the Corporation by this First Amended and Restated Certificate of
              Incorporation or any amendment hereof are subject to such right of the Corporation.  Notwithstanding any other provision of this First Amended and Restated
              Certificate of Incorporation or the Bylaws of the Corporation (and in addition to any other vote that may be required by applicable law or this First Amended
              and Restated Certificate of Incorporation), (A) prior to the first date on which investment funds sponsored or managed by Yorktown, Bluescape and Boomer and their respective Affiliates (as such term is defined in Section 7) no longer
              individually or collectively beneficially own (or otherwise have the right to vote or direct the vote of) more than 50% of the outstanding shares of Common Stock (the “Trigger Date”), the affirmative vote of the holders of a majority in
              voting power of the outstanding shares of stock of the Corporation entitled to vote thereon, voting together as a single class and acting at a meeting of the stockholders or by written consent (if permitted) in accordance with the DGCL, this
            First Amended and Restated Certificate of Incorporation and the Bylaws of the Corporation, shall be required to amend, alter or repeal any provision of this First Amended and Restated Certificate of Incorporation and (B) on and after the Trigger Date, the affirmative vote of the holders of at least 66 2/3% in voting power of the
              outstanding shares of stock of the Corporation entitled to vote thereon, voting together as a single class, shall be required to amend, alter or repeal any provision of this First Amended and Restated Certificate of Incorporation; provided, however, that the amendment, alteration or repeal of Section 4 shall only require the affirmative vote of the holders of a majority in voting power of the
              outstanding shares of stock of the Corporation entitled to vote thereon, voting together as a single class.

       

      10.          Business Combinations with Interested Stockholders. The Corporation elects not to be governed by Section 203 of the DGCL.

       

    

    [SIGNATURE PAGE FOLLOWS]

     

    
      6

      
        

    

    IN WITNESS WHEREOF, the undersigned has executed this Certificate as of this 26th  day
      of February, 2021.

     

    	 	
            Tengasco, Inc.

          
	 	 	 
	 	
            By:

          	

          	/s/ Michael J. Rugen
	 	
            Name:

          	
            Michael J. Rugen

          
	 	
            Title:

          	
            Chief Financial Officer and Interim Chief Executive Officer

          

    
      

      

      

      

       7

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