Charles Meade

Jesse Sobelson

John Davenport

Thomas Kerr

Tom Kerr

Tom Kurtz

- U.S. Energy Corp. entered into a **Common Stock Purchase Agreement** with Roth Principal Investments, LLC, dated **October 9, 2025**.  **[101594_0001437749-25-030792_ex_866588.htm:0]** **[101594_0001437749-25-030792_ex_866588.htm:3]** 
- Under this agreement, the company has the right, but not the obligation, to sell up to **$25,000,000** in aggregate gross purchase price of its common stock to Roth Principal Investments, LLC.  **[101594_0001437749-25-030792_ex_866589.htm:0]** **[101594_0001437749-25-030792_ex_866588.htm:3]** 
- The net proceeds from any sales are planned for **working capital and general corporate purposes**.  **[101594_0001437749-25-030792_useg20251005_8k.htm:3]** 
- The agreement includes an **Exchange Cap**, limiting the issuance to **7,123,382 shares** (or **19.99%** of outstanding shares immediately prior to the agreement), unless stockholder approval is obtained or the average price per share equals or exceeds **$1.2788**.  **[101594_0001437749-25-030792_useg20251005_8k.htm:3]** **[101594_0001437749-25-030792_ex_866588.htm:10]** 
- Roth Principal Investments, LLC is also restricted from beneficially owning more than **4.99%** of the outstanding common stock.  **[101594_0001437749-25-030792_useg20251005_8k.htm:3]**

U.S. Energy Corp. Enters into Common Stock Purchase Agreement with Roth Principal Investments, LLC

- U.S. Energy Corp. entered into a First Amendment to its Credit Agreement with Firstbank Southwest, effective **August 1, 2025**, which **extended the maturity date** and **lowered the borrowing base**.  **[101594_0001437749-25-029515_ex_862565.htm:0]** **[101594_0001437749-25-029515_useg20250917_8k.htm:1]** 
- The maturity date for amounts owed under the Credit Agreement was extended from January 5, 2026, to **May 31, 2029**.  **[101594_0001437749-25-029515_useg20250917_8k.htm:1]** **[101594_0001437749-25-029515_ex_862565.htm:1]** 
- The borrowing base was lowered to **$10,000,000**.  **[101594_0001437749-25-029515_useg20250917_8k.htm:1]** **[101594_0001437749-25-029515_ex_862565.htm:4]** 
- The Lenders and Firstbank also **waived certain technical defaults** related to the Company's subsidiaries and its prior reorganization.  **[101594_0001437749-25-029515_useg20250917_8k.htm:1]** **[101594_0001437749-25-029515_ex_862565.htm:5]** 
- As of the report date, U.S. Energy Corp. **owes $0** under the Credit Agreement.  **[101594_0001437749-25-029515_useg20250917_8k.htm:2]**

US ENERGY (USEG)