Item 4 — Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On March 31, 2025, pursuant to the terms of the previously announced Purchase and Sale Agreement, the Seller Sold to the Buyer the Subject Trust Units as well as certain other oil and gas properties held by the Seller (the Sale). On March 31, 2025 and prior to the closing of the Sale, the Buyer assigned its rights to acquire the Subject Trust Units under the Purchase and Sale Agreement to Ustx LLC, a wholly owned subsidiary of the Buyer. As a result of the Sale, Boaz Energy no longer beneficially owns any Trust Units; however, each of Marshall Eves and Karan Eves continue to directly own 4,400 Trust Units. In addition, in connection with the Sale, Boaz Energy transferred its rights under that certain Registration Rights Agreement, dated May 4, 2018, by and between Boaz Energy and the Issuer, to the Buyer. The foregoing summary of the Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to full text of the Purchase and Sale Agreement, a copy of which is filed as Exhibit A to Amendment No. 9 to Schedule 13D and is incorporated herein by reference.