CHESAPEAKE ENERGY CORPORATION SECURITIES EXCHANGE AGREEMENTSecurities Exchange Agreement • November 5th, 2019 • Chesapeake Energy Corp • Crude petroleum & natural gas
Franklin Advisers, Inc., as investment manager (the “Undersigned”), for itself and on behalf of the funds or accounts listed on Exhibit A hereto (each, an “Investor”) for whom the Undersigned holds contractual and investment authority in connection with the Transactions (as defined below), enters into this Exchange Agreement (the “Agreement”) with Chesapeake Energy Corporation, an Oklahoma corporation (the “Issuer”), as of the date first written above whereby the Investors will exchange the Exchanged Securities (as defined below) for shares of common stock, $0.01 par value, of the Issuer (the “Common Stock”).
