Document:

EXHIBIT
4.1

 

DESCRIPTION
OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934

 

The
following is a brief description of the common stock, par value $0.0001 per share (“Common Stock”), of Creek Road Miners,
Inc. (“we,” “our,” or “us”). This description of the terms of our Common Stock does not purport to
be complete and is subject to and qualified in its entirety by reference to the applicable provisions of Delaware General Corporation
Law (“DGCL”), and the full text of our amended and restated certificate of incorporation (“Certificate of Incorporation”)
and our bylaws (“Bylaws”).

 

As
of March 11, 2022, our authorized share capital consists of 100,000,000 shares of Common Stock, of which 10,447,103 were outstanding,
5,000,000 shares of preferred stock, including 500,000 shares of Series A Preferred Stock, of which 217,137 were outstanding, 20,000
shares of Series B Preferred Stock, of which 2,300 were outstanding, and 15,000 shares of Series C Preferred Stock, of which 7,880 were
outstanding.

 

We
implemented a 1-for-20 reverse stock split of our outstanding shares of Common Stock that was effective on January 23, 2020. All share
and related option and warrant information presented in this prospectus have been retroactively adjusted to reflect the reduced number
of shares and the increase in the share price which resulted from this action.

 

Common
Stock

 

Holders
of our Common Stock are entitled to one vote per share. Our Certificate of Incorporation does not provide for cumulative voting. Holders
of our Common Stock are entitled to receive ratably such dividends, if any, as may be declared by our Board of Directors (“Board”)
out of legally available funds. However, the current policy of our Board is to retain earnings, if any, for our operations and expansion.
Upon liquidation, dissolution or winding-up, the holders of our Common Stock are entitled to share ratably in all of our assets which
are legally available for distribution, after payment of or provision for all liabilities. The holders of our Common Stock have no preemptive,
subscription, redemption or conversion rights. The rights, preferences and privileges of holders of our Common Stock are subject to and
may be adversely affected by the rights of the holders of shares of any series of preferred stock that we may designate and issue.

 

Anti-Takeover
Effects of Certain Provisions of our Certificate of Incorporation, Bylaws and the DGCL

 

Certain
provisions of our Certificate of Incorporation and our Bylaws, which are summarized in the following paragraphs, may have the effect
of discouraging potential acquisition proposals or making a tender offer or delaying or preventing a change in control, including changes
a stockholder might consider favorable. Such provisions may also prevent or frustrate attempts by our stockholders to replace or remove
our management. In particular, our Certificate of Incorporation and our Bylaws and Delaware law, as applicable, among other things:

 

	 	●	provide
    our Board with the ability to alter the Bylaws without stockholder approval (subject to rights of the holders of our preferred stock);
	 	 	 
	 	●	provide
    that special meetings of our stockholders may be called only by a majority of the directors, the Chairman of our Board or the Chief
    Executive Officer;
	 	 	 
	 	●	place
    limitations on the removal of directors; and
	 	 	 
	 	●	provide
    that vacancies on our Board may be filled by a majority of directors in office, although less than a quorum.

 

These
provisions are expected to discourage certain types of coercive takeover practices and inadequate takeover bids and to encourage persons
seeking to acquire control of us to first negotiate with its board. These provisions may delay or prevent someone from acquiring or merging
with us, which may cause the market price of our Common Stock to decline.

 

    	 

     

    

 

Advance
Notice Bylaws. Our Bylaws contain an advance notice procedure for stockholder proposals to be brought before any meeting of stockholders,
including proposed nominations of persons for election to our Board. Stockholders at any meeting will only be able to consider proposals
or nominations specified in the notice of meeting or brought before the meeting by or at the direction of our Board or by a stockholder
who was a stockholder of record on the record date for the meeting, who is entitled to vote at the meeting and who has given our corporate
secretary timely written notice, in proper form, of the stockholder’s intention to bring that business before the meeting. Although
the Bylaws do not give our Board the power to approve or disapprove stockholder nominations of candidates or proposals regarding other
business to be conducted at a special or annual meeting, the Bylaws may have the effect of precluding the conduct of certain business
at a meeting if the proper procedures are not followed or may discourage or deter a potential acquirer from conducting a solicitation
of proxies to elect its own slate of directors or otherwise attempting to obtain control of us.

 

Interested
Stockholder Transactions. We may become subject to Section 203 of the DGCL, which, subject to certain exceptions, prohibits “business
combinations” between a publicly-held Delaware corporation and an “interested stockholder,” which is generally defined
as a stockholder who becomes a beneficial owner of 15% or more of a Delaware corporation’s voting stock for a three-year period
following the date that such stockholder became an interested stockholder.

 

Limitations
on Liability, Indemnification of Officers and Directors and Insurance

 

The
DGCL authorizes corporations to limit or eliminate the personal liability of directors to corporations and their stockholders for monetary
damages for breaches of directors’ fiduciary duties as directors and our Certificate of Incorporation includes such an exculpation
provision. Our Certificate of Incorporation includes provisions that indemnify, to the fullest extent allowable under the DGCL, the personal
liability of directors or officers for monetary damages for actions taken as our director or officer or for serving at our request as
a director or officer or another position at another corporation or enterprise, as the case may be. Our Certificate of Incorporation
also provides that we must indemnify and advance reasonable expenses to our directors and officers, subject to our receipt of an undertaking
from the indemnified party as may be required under the DGCL. Our Certificate of Incorporation expressly authorizes us to carry directors’
and officers’ insurance to protect us, our directors, officers and certain employees from some liabilities. The limitation of liability
and indemnification provisions in our Certificate of Incorporation may discourage stockholders from bringing a lawsuit against directors
for breach of their fiduciary duty. These provisions may also have the effect of reducing the likelihood of derivative litigation against
our directors and officers, even though such an action, if successful, might otherwise benefit us and our stockholders. However, these
provisions do not limit or eliminate our rights, or those of any stockholder, to seek non-monetary relief such as injunction or rescission
in the event of a breach of a director’s duty of care. The provisions will not alter the liability of directors under the federal
securities laws. In addition, your investment may be adversely affected to the extent that, in a class action or direct suit, we pay
the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions. There is currently
no pending material litigation or proceeding against any of our directors, officers or employees for which indemnification is sought.

 

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors or executive officers, we have been
informed that in the opinion of the SEC such indemnification is against public policy and is therefore unenforceable.

 

Transfer
Agent and Registrar

 

The
Transfer Agent and Registrar for our Common Stock is VStock Transfer, LLC, 18 Lafayette Place, Woodmere, New York 11598. The telephone
number of VStock Transfer, LLC is (212) 828-8436.

 

Listing

 

Our
Common Stock is listed on the OTC Markets under the symbol “CRKR.”Exhibit 10.9

     

    STOCK PURCHASE AGREEMENT

     

    THIS AGREEMENT is dated as of the 8th day of December, 2021, by and between Tandy Leather Factory, Inc., a Delaware corporation
      having its principal address at 1900 SE Loop 820, Fort Worth, TX 76104 (hereinafter referred to as “Purchaser”), and Right Lane I, LP, a Delaware Limited Liability Company (hereinafter referred to as “Seller”).

     

    Statement of Facts:

     

    A.          Seller is the beneficial owner of 212,690 shares of common stock of Purchaser (the “Shares”).

     

    B.          Purchaser desires to the Shares from Seller, and Seller desires to sell the Shares to Purchaser under the terms and conditions set forth herein below.

     

    NOW, THEREFORE, in consideration of the mutual promises set forth herein, the parties agree and stipulate as follows:

     

    1.          Purchase and Sale.  Purchaser shall purchase the Shares from Seller (the “Purchase”), and Seller shall sell the Shares to Purchaser for the price and upon the other terms set forth herein.

     

    2.          Purchase Price.  Purchaser shall pay Seller $5.00 per Share for a total purchase price for the Shares of $1,063,450.00 (the “Purchase Price”).

     

    3.          Closing. The closing shall occur on or before the 17th day of December, 2021 (the “Closing Date”), at the offices of Purchaser or at such time and place and Purchaser and Seller may otherwise
          agree (which may include an online “virtual” closing).

     

    4.          Delivery and Payment for Shares.  On the Closing Date, Purchaser shall wire the Purchase Price to Seller in accordance with written wire transfer
          instructions provided to Purchaser by Seller on or before the Closing Date.  Upon receipt of the Purchase Price, Seller shall deliver the Shares to Purchaser electronically through DTC in accordance with written instructions provided by Purchaser
          to Seller on or before the Closing Date.

     

    5.          Representations and Warranties of Seller.  Seller hereby represents and warrants to Purchaser as follows: (i) upon receipt of the Purchase Price as provided in this Agreement, Seller will deliver good
          and valid title to the Shares, free and clear from all liens, claims and encumbrances of any nature whatsoever, other than any liens, claims and encumbrances created by Purchaser, (ii) the execution, delivery and performance of this Agreement has
          been duly authorized by all necessary action on the part of Seller and this Agreement has been duly executed and delivered on behalf of Seller, and (iii) Seller has the power and authority to execute, deliver and perform this Agreement.

     

    
      
        

    

    6.          Representations and Warranties of Purchaser.  Purchaser hereby represents and warrants to Seller as follows:

     

    (a)          Power; Due Authorization; Binding Agreement.  Purchaser is a limited corporation duly organized, validly existing and in good standing under the laws of Delaware.  The execution, delivery and performance of this Agreement
          has been duly authorized by all necessary action on the part of Purchaser, and Purchaser has the full power and authority to execute and deliver this Agreement, to perform its obligations under this Agreement and to consummate the transactions
          contemplated hereby.  This Agreement has been duly executed and delivered on behalf of Purchaser and constitutes a valid and binding agreement of Purchaser.

     

    (b)          No Conflicts.  The execution and delivery of this Agreement by Purchaser does not, and the performance of the terms of this Agreement by Purchaser will not, (i) contravene or conflict with any organizational documents of
          Purchaser, (ii) require Purchaser to obtain the consent or approval of, or make any filing with or notification to, any governmental body, agency or official of any country or political subdivision of any country, including any federal, national,
          supranational, state, provincial, local or other government, governmental, regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body (“Governmental Authority”), other than any required
          filing under U.S. federal securities laws, (iii) require the consent or approval of any other person pursuant to any agreement, obligation or instrument binding on Purchaser or its properties and assets, (iv) conflict with or violate any law,
          rule, regulation, order, judgment or decree applicable to Purchaser or pursuant to which any of its assets are bound or (v) violate any other agreement to which Purchaser is a party.

     

    (c)          Material Non-Public Information.  To its knowledge, Purchaser has not provided any material non-public information regarding Purchaser to Seller that has not been disclosed to the public prior to the date hereof.

     

    (d)          Accredited Investor.  Purchaser is an “accredited investor” as that term is defined under Securities and Exchange Commission Regulation D.

     

    (e)          Acquisition of the Shares for Own Account.  Purchaser is acquiring the Shares for its own account and not with a view to, or for resale in connection with, any distribution or public offering thereof within the meaning of
          the Securities Act of 1933, as amended.

     

    (f)          Private, Negotiated Transaction.  Purchaser is aware and hereby acknowledges that the purchase and sale of the Shares and the transactions contemplated by this Agreement are being made in a private, negotiated transaction
          between the parties.

     

    (g)          No Reliance.  Purchaser hereby acknowledges and agrees that Seller has not made any representation or warranty, express or implied, regarding any aspect of the transactions contemplated by this Agreement except as
          explicitly set forth in this Agreement, and Seller is not relying on any representation or warranty not contained in this Agreement.

     

    7.          Securities Law Representations, Warranties, Covenants, and Releases.  In connection with the Purchase, Seller hereby represents, warrants and agrees as follows:

     

    (a)          Purchaser has informed Seller that
          Purchaser possesses non-public information (the “Non-Public Information”) concerning Purchaser.  Seller is aware that (1) Purchaser has not filed its regular quarterly reports for the third fiscal quarter of 2021 with the Securities and Exchange
          Commission, and (3) Purchaser is in possession of material non-public information regarding its past and present and future operations, results of operations and financial condition, including, without limitation, with respect to Purchaser’s
          current fiscal quarter ending December 31, 2021, and Purchaser is precluded from disclosing such information to Seller (the “Non-Disclosure”);

     

    
      
        

    

    (b)          the Non-Public information may be (1)
          indicative of a value of the Shares that is higher than the purchase price reflected in the Purchase and/or (2) otherwise material to a reasonable investor such as Seller when
            making investment disposition decisions, including the decision to enter into this Agreement;

     

    (c)          Seller is an experienced and
          sophisticated investor that would qualify as an “accredited investor” as defined in Rule 501 of Regulation D, Seller is engaged in the business of assessing and assuming
            investment risks with respect to securities such as the Shares, and Seller is knowledgeable in trading equity securities and understands the disadvantage to which Seller is subject on account of the disparity of information as between
          Purchaser and Seller;

     

    (d)          Seller is not relying on any
          representations, warranties or disclosure from Purchaser or any person acting on Purchaser’s behalf in connection with the Purchase;

     

    (e)          Seller acknowledges that Purchaser is
          relying on this Agreement and Seller’s representations herein (including, but not limited to Seller’s acknowledgement that Purchaser is privy to the Non-Public Information) in purchasing the Shares and would not purchase the Shares in the absence
          of this Agreement; and

     

    (f)          Seller hereby waives, releases and
          forever discharges Purchaser from and against any and all claims, demands, causes of action and liabilities whatsoever, whether known or unknown, both at law and at equity, that it may have against Purchaser on account of the Non-Disclosure or
          Purchaser’s possession of the Non-Public Information, including, without limitation, under Federal and state securities laws, including Section 10(b) or Rule 10b-5 of the Securities Exchange Act of 1934, as amended.

     

    8.          Further Assurances.  Purchaser and Seller shall execute and deliver any further documents of whatsoever nature which may be reasonably necessary to effectuate and consummate the transaction set forth in
          this Agreement.

     

    9.           Survival.  The representations and warranties contained in this Agreement shall survive indefinitely.

     

    10.         Applicable Law.  This Agreement shall be subject to and governed by the laws of the State of Texas without regard to conflicts of law principles.  The Parties acknowledge and consent to the personal
          jurisdiction of federal and state courts sitting in Tarrant County in the State of Texas for the adjudication of any disputes arising hereunder.

     

    
      
        

    

    11.          Binding Effect.  This Agreement shall bind the parties hereto, their legal representatives, their successors and assigns.

     

    12.          Counterparts and Facsimiles.  This Agreement may be executed by facsimile and/or electronic signature and/or in multiple counterparts, each of which shall be deemed an original, but all of which
          together shall constitute one and the same document.

     

    13.          Entire Agreement.  This Agreement constitutes the entire Agreement among the parties with respect to the subject matter hereof and supersedes all other prior and contemporaneous agreements or
          representations and understandings.

     

    14.          Severability.  If any provision of this Agreement or the application of any such provision to any person or circumstance shall be held invalid, illegal or unenforceable in any respect by a court of
          competent jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision hereof and all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
          essential economic or legal substance of the transactions contemplated hereby is not affected.  Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in
          good faith to modify this Agreement so as to affect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the
          greatest extent possible.

     

    15.          Modification.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties.

     

    16.          Waiver.  No waiver of any of the provisions of this Agreement shall be deemed, or will constitute, a waiver of any other provision, whether or not similar, nor will any waiver constitute a continuing
          waiver. No waiver shall be binding unless executed in writing by the party making the waiver.

     

    [Signature Page Follows]

    
      
        

    

    

    

     

    IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the day and year first above written.

     

    

    	 	
            PURCHASER:

          
	 	 
	 	
            TANDY LEATHER FACTORY, INC.

          
	 	 	 	 	 
	 	
            By:

          	/s/ Janet Carr	 
	 	 	
            Name:

          	
            Janet Carr

          	 
	 	 	
            Title:

          	
            CEO

          	 
	 	 	 	 	 
	 	 	 	 	 
	 	
            SELLER:

          
	 	
            RIGHT LANE I, LP

          
	 	 	 	 	 
	 	
            By:

          	/s/ Eric Mara	 
	 	 	
            Name:

          	
            Eric Mara

          	 
	 	 	
            Title:

          	
            Managing Member

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