In connection with the closing of the Transactions, on December 7, 2021, Contango Oil & Gas Company terminated that certain Credit Agreement, dated September 17, 2019, by and among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent, and each of JPMorgan Chase Bank, N.A., Royal Bank of Canada and Cadence Bank, N.A. (as amended from time to time, the “ Credit Agreement”). In connection with the termination of the Credit Agreement, all outstanding obligations for principal, interest and fees under the Credit Agreement were paid off in full, and all liens securing such obligations and guarantees of such obligations and securing any letter of credit or hedging obligations permitted by the Credit Agreement to be secured by such liens were released and in connection therewith, all of Contango's existing commodity hedging agreements were novated to Crescent.