EVOLUTION PETROLEUM CORP

On December 5, 2024, shareholders approved and adopted the amendment and restatement of the Evolution Petroleum Corporation 2016 Equity Incentive Plan (hereinafter the “Amended and Restated Plan”) which increased the shares authorized for issuance under the 2016 Plan by 2.1 million shares to a maximum of 5.7 million shares. The duration of the Amended and Restated Plan is indefinite, provided that no new awards shall be made under the Amended and Restated Plan on or after the tenth anniversary of the date the stockholders approved the Amended and Restated Plan. Incentives under the Amended and Restated Plan may be granted to employees, directors, and consultants of the Company in any one or a combination of the following forms: incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, and performance share awards. The foregoing description of the Amended and Restated Plan is subject to, and qualified in its entirety by, the full text of the Amended and Restated Plan filed as Exhibit 4.3 to this Quarterly Report on Form 10-Q.