On December 7, 2021 (the Closing Date"), Contango Oil & Gas Company (the Company) consummated the transactions contemplated by the Transaction Agreement, dated as of June 7, 2021 (the Transaction Agreement"), among the Company, Independence Energy LLC (Independence"), Crescent Energy Company (f/k/a IE PubCo Inc.) (Crescent"), IE OpCo LLC (OpCo"), IE L Merger Sub LLC (L Merger Sub") and IE C Merger Sub Inc. (C Merger Sub"), pursuant to which each of the Company and Independence became wholly owned subsidiaries of Crescent. Prior to the consummation of the Transactions, the name of Crescent was changed from IE PubCo Inc." to Crescent Energy Company." In accordance with the terms of the Transaction Agreement, as of the Merger Effective Time, each director of the Company as of immediately prior to the effectiveness of the Merger ceased his or her respective service as a director of the Company and all of the incumbent officers of the Company as of immediately prior to the effectiveness of the Merger, were removed as officers of the Company.