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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><B>As filed with the
Securities and Exchange Commission on May 4, 2017</B></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Registration No. 333-</P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">____________________</P>

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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM S-8<BR>
REGISTRATION STATEMENT</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><I>UNDER<BR>
THE SECURITIES ACT OF 1933</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">________________________</P>



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<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AMPLIFY ENERGY CORP.&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">(Exact
name of registrant as specified in its charter)</FONT></P>

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<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="width: 38%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 31%; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 31%; text-align: center"><FONT STYLE="font-size: 10pt"><B>82-1326219</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction of<BR>
    incorporation or organization)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer <BR>
    Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B>500 Dallas
Street, Suite 1600</B><BR>
<B>Houston, Texas 77002</B><BR>
<B>(713) 490-8900 </B><BR>
(Address of principal executive offices, including zip code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><FONT STYLE="font-size: 10pt"><B>Amplify
Energy Corp. Management Incentive Plan</B><BR>
(Full title of the plan)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Jason M. Childress</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>Senior Vice President,
General Counsel and Corporate Secretary</B><BR> <FONT STYLE="font-size: 10pt"><B>Amplify Energy Corp.</B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>500
Dallas Street, Suite 1600</B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>Houston, Texas 77002</B></FONT><BR> <FONT STYLE="font-size: 10pt"><B>(713)
490-8900</B></FONT><BR> <FONT STYLE="font-size: 10pt">(Telephone number, including area code, of agent for service)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt">________________________</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Copies
to:</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Kirtee
Kapoor, Esq.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Derek
J. Dostal, Esq.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>Davis
Polk &amp; Wardwell LLP</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>450
Lexington Avenue</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>New
York, NY 10017</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>(212)
450-4000</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt"><B>________________________</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo;
in Rule 12b-2 of the Exchange Act. (Check one):</FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%"><FONT STYLE="font-size: 10pt">Large accelerated filer </FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="width: 47%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 23%"><FONT STYLE="font-size: 10pt">Accelerated filer</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Non-accelerated filer </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">(Do not check if a smaller reporting company)</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Smaller reporting company </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">________________________</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-bottom: Black 1.5pt double; text-align: center; font-size: 8pt; font-weight: bold"><FONT STYLE="font-size: 10pt">CALCULATION
    OF REGISTRATION FEE</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 39%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 8pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Title
    of Securities to be Registered</FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-size: 8pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Amount
    to be Registered (1)</FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-size: 8pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Proposed
    Maximum Offering Price Per Share (2)</FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-size: 8pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Proposed
    Maximum Aggregate Offering Price (2)</FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-size: 8pt; font-weight: bold"><FONT STYLE="font-size: 10pt">Amount
    of Registration Fee</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; border-bottom: Black 1.5pt double"><FONT STYLE="font-size: 10pt">Common
    Stock, par value $0.0001 per share</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt double; text-align: center"><FONT STYLE="font-size: 10pt">2,322,404</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt double; text-align: center"><FONT STYLE="font-size: 10pt">$13.77</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt double; text-align: center"><FONT STYLE="font-size: 10pt">$31,979,503.08</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1.5pt double; text-align: center"><FONT STYLE="font-size: 10pt">$3,706.42</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><P STYLE="margin-top: 0; margin-bottom: 0">(1)</P></TD><TD>This Registration Statement on Form S-8 (the &ldquo;Registration Statement&rdquo;) covers shares of Common Stock, par value
$0.0001 per share (&ldquo;Common Stock&rdquo;), of Amplify Energy Corp. (the &ldquo;Company&rdquo; or the &ldquo;Registrant&rdquo;)
issuable pursuant to the Amplify Energy Corp. Management Incentive Plan (the &ldquo;Plan&rdquo;) and, pursuant to Rule 416(a) under
the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), any additional securities as may become issuable pursuant
to the adjustment provisions of the Plan.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 8pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457 under the Securities Act and based
on the value attributed to the Common Stock in connection with the Registrant&rsquo;s emergence from bankruptcy pursuant to the
Second Amended Joint Plan of Reorganization of Memorial Production Partners LP, et al. (the &ldquo;Plan of Reorganization&rdquo;).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 8pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 8pt Times New Roman, Times, Serif"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 8pt Times New Roman, Times, Serif">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant will provide all participants
in the Plan with the document(s) containing information required by Part I of Form S-8, as specified in Rule 428(b)(1) promulgated
by the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) under the Securities Act. In accordance with the note
to Part I of Form S-8 and Rule 428 of the Securities Act, the Registrant has not filed such document(s) with the Commission, but
such documents (along with the documents incorporated by reference into this Registration Statement pursuant to Item&nbsp;3 of
Part II hereof) shall constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 3.</TD><TD>Incorporation of Documents by Reference.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Except to the extent that information is
deemed furnished and not filed pursuant to securities laws and regulations, the Registrant hereby incorporates by reference into
this Registration Statement the following documents:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the Commission on March 10, 2017;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;) since
the end of the fiscal year covered by the Registrant&rsquo;s Annual Report on Form 10-K referred to in clause (a) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Except to the extent that information is
deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the filing of
a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining
unsold shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Any statement contained in a document incorporated
or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed
to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Unless otherwise noted or suggested
by context, all financial information and data and accompanying financial statements and corresponding notes, as of and prior
to May 4, 2017 (the &ldquo;Effective Date&rdquo;), as contained or incorporated by reference herein, reflect the actual
historical consolidated results of operations and financial condition of the Registrant for the periods presented and do not
give effect to the Plan of Reorganization or any of the transactions contemplated thereby, including the adoption
of &ldquo;fresh-start&rdquo; accounting. Accordingly, such financial information may not be representative of the
Registrant&rsquo;s performance or financial condition after the Effective Date. Except with respect to such
historical financial information and data and accompanying financial statements and corresponding notes or as otherwise noted
or suggested by the context, all other information contained herein relates to the Registrant following the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 4.</TD><TD>Description of Securities.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Capital Stock</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The total number of shares of all classes
of stock which the Registrant shall have authority to issue is 345,000,000 shares, consisting of 300,000,000 shares of Common Stock
and 45,000,000 shares of Preferred Stock, par value $0.0001 per share (the &ldquo;Preferred Stock&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">As of May 4, 2017, the Registrant had 25,000,000
shares of Common Stock and no shares of Preferred Stock outstanding. Summarized below are material provisions of the Registrant&rsquo;s
amended and restated certificate of incorporation and amended and restated bylaws, as well as relevant sections of the Delaware
General Corporation Law (the &ldquo;DGCL&rdquo;). The following summary is qualified in its entirety by the provisions of the Registrant&rsquo;s
amended and restated certificate of incorporation and amended and restated bylaws, copies of which have been filed as exhibits
to this Registration Statement, and by the applicable provisions of the DGCL.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt"><FONT STYLE="font-weight: normal">Common
Stock</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The holders of the Registrant&rsquo;s Common
Stock are entitled to one vote per share on all matters submitted to a vote of stockholders, including the election of directors,
except that holders of the Common Stock shall not be entitled to vote on any amendment to the certificate of incorporation (including
any certificate of designations relating to any class or series of Preferred Stock) that relates solely to the terms of one or
more outstanding classes</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">or
series of Preferred Stock if the holders of such affected class or series are entitled, either separately or together with the
holders of one or more other such classes or series, to vote thereon pursuant to the certificate of incorporation (including any
certificate of designations relating to any class or series of Preferred Stock) or pursuant to the DGCL. Holders of the Common
Stock do not have any cumulative voting rights, which means that the holders of a majority of the outstanding Common Stock voting
for the election of directors can elect all directors then being elected. The holders of the Registrant&rsquo;s Common Stock are
entitled to receive dividends when, as, and if declared by the Registrant&rsquo;s board of directors out of legally available
funds. Upon the Registrant&rsquo;s liquidation or dissolution, the holders of Common Stock will be entitled to share ratably in
those of the Registrant&rsquo;s assets that are legally available for distribution to stockholders after payment of liabilities
and subject to the prior rights of any holders of Preferred Stock then outstanding. The rights, preferences and privileges of
holders of Common Stock are subject to the rights of the holders of shares of any series of Preferred Stock that may be issued
in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt"><FONT STYLE="font-weight: normal">Preferred
Stock</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant is authorized to issue up
to 45,000,000 shares of Preferred Stock. The Registrant&rsquo;s board of directors is authorized, subject to limitations prescribed
by the DGCL and the Registrant&rsquo;s amended and restated certificate of incorporation, to determine the terms and conditions
of the Preferred Stock, including whether the shares of Preferred Stock will be issued in one or more series, the number of shares
to be included in each series and the powers, designations, preferences and relative, participating, relative or other rights of
the shares. The Registrant&rsquo;s board of directors is also authorized to designate any qualifications, limitations or restrictions
on the shares without any further vote or action by the stockholders. The issuance of Preferred Stock may have the effect of delaying,
deferring or preventing a change in control of the Registrant and may adversely affect the voting and other rights of the holders
of its Common Stock, which could have an adverse impact on the market price of the Registrant&rsquo;s Common Stock. The Registrant
has no current plan to issue any shares of Preferred Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt"><FONT STYLE="font-weight: normal">Certain
Certificate of Incorporation, Bylaw and Statutory Provisions</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.35pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The provisions of the Registrant&rsquo;s
amended and restated certificate of incorporation and amended and restated bylaws and of the DGCL summarized below may have an
anti-takeover effect and may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider in its
best interest, including an attempt that might result in the receipt of a premium over the market price for its shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Delaware Law</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant is not subject to the provisions
of Section 203 of the DGCL, regulating corporate takeovers. In general, Section 203 prohibits a publicly held Delaware corporation
from engaging in a &ldquo;business combination&rdquo; with an &ldquo;interested stockholder&rdquo; for a three-year period following
the time that such stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner.
A &ldquo;business combination&rdquo; includes, among other things, a merger, asset or stock sale, or other transaction resulting
in a financial benefit to the interested stockholder. An &ldquo;interested stockholder&rdquo; is a person who, together with affiliates
and associates, owns, or did own within three years prior to the determination of interested stockholder status, 15% or more of
the corporation's outstanding voting stock. Under Section 203, a business combination between a corporation and an interested stockholder
is prohibited unless it satisfies one of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>the transaction is approved by the board of directors before the date the interested stockholder attained that status;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder
owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes
of determining the voting stock outstanding, shares owned by persons who are directors and also officers, and employee stock plans,
in some instances; or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>on or after such time, the business combination is approved by the board of directors and authorized at a meeting of stockholders
by at least two-thirds of the outstanding voting stock that is not owned by the interested stockholder.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">A Delaware corporation may &ldquo;opt out&rdquo;
of Section 203 with an express provision in its original certificate of incorporation or an express provision in its certificate
of incorporation or bylaws resulting from amendments</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">approved
by the holders of at least a majority of the corporation's outstanding voting shares. The Registrant elected to &ldquo;opt out&rdquo;
of the provisions of Section 203.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Amended and Restated Certificate of Incorporation and
Amended and Restated Bylaws</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Provisions of the Registrant&rsquo;s amended
and restated certificate of incorporation and amended and restated bylaws may delay or discourage transactions involving an actual
or potential change in control or change in the Registrant&rsquo;s management, including transactions in which stockholders might
otherwise receive a premium for their shares, or transactions that stockholders might otherwise deem to be in their best interests.
Therefore, these provisions could adversely affect the price of the Registrant&rsquo;s Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Among other things, the Registrant&rsquo;s
amended and restated certificate of incorporation and amended and restated bylaws:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>permit the board of directors to issue up to 45,000,000 shares of Preferred Stock, with any rights, preferences and privileges
as they may designate;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>provide that the authorized number of directors may be changed only by resolution of the majority of all of the board of directors
(including authorized but vacant directorships);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>provide that subject to the rights of the holders of any series of Preferred Stock of the Registrant then outstanding, all
vacancies, including newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote of
a majority of directors then in office, even if less than a quorum (prior to such time, vacancies may also be filled by the affirmative
vote of the holders of a majority of the Registrant&rsquo;s then outstanding Common Stock);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>provide that the Registrant&rsquo;s amended and restated bylaws may only be amended by the affirmative vote of the
                                                                                                               holders of a majority of its then outstanding Common Stock or by resolution adopted by a majority of all of the directors
                                                                                                               (including authorized but vacant directorships);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>provide that certain provisions of the amended and restated bylaws relating to amendments to the bylaws, the election of directors,
information rights and certain actions requiring board of directors approval, may not be amended except with the affirmative vote
or written consent of one or more stockholders then holding, in the aggregate, a majority of the voting power of all of the then
outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>provide for certain &ldquo;tag-along&rdquo; rights as described below;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>eliminate the personal liability of the Registrant&rsquo;s directors for monetary damages resulting from breaches of their
fiduciary duty to the extent permitted by the DGCL and indemnify the directors and officers to the fullest extent permitted by
Section 145 of the DGCL;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>provide that stockholders seeking to present proposals before a meeting of stockholders or to nominate candidates for election
as directors at a meeting of stockholders must provide notice in writing in a timely manner, and also specify requirements as to
the form and content of a stockholder's notice; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>not provide for cumulative voting rights, therefore allowing the holders of a majority of the shares of Common Stock entitled
to vote in any election of directors to elect all of the directors standing for election, if they should so choose.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Directors&rsquo; Liability and Indemnification of
Directors and Officers</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Section 145 of the DGCL authorizes a court
to award, or a corporation&rsquo;s board of directors to grant, indemnity to directors and officers in terms sufficiently broad
to permit such indemnification under certain circumstances for liabilities, including reimbursements for expenses incurred arising
under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
certificate of incorporation provides that a director will not be personally liable to the Registrant or its stockholders for monetary
damages for breach of fiduciary duty as a director, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>for any breach of the duty of loyalty;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>for acts or omissions not in good faith or which involve intentional misconduct or knowing violations of law;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>for liability under Section 174 of the DGCL (relating to unlawful dividends, stock repurchases or stock redemptions); or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>for any transaction from which the director derived any improper personal benefit.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The effect of this provision is to eliminate
the Registrant&rsquo;s rights, and its stockholders&rsquo; rights, to recover monetary damages against a director for breach of
a fiduciary duty of care as a director. This provision does not limit or eliminate the Registrant&rsquo;s rights or those of any
stockholder to seek non-monetary relief such as an injunction or rescission in the event of a breach of a director&rsquo;s duty
of care. The provisions will not alter the liability of directors under federal securities laws. In addition, the Registrant&rsquo;s
amended and restated certificate of incorporation provides that it indemnify each director and the officers, employees and agents
determined by the board of directors to the fullest extent provided by the laws of the State of Delaware. The Registrant&rsquo;s
amended and restated certificate of incorporation also requires the Registrant to advance expenses, including attorneys&rsquo;
fees, to its directors and officers in connection with legal proceedings, subject to very limited exceptions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Any amendment to or repeal of these provisions
will not adversely affect any right or protection of the Registrant&rsquo;s directors in respect of any act or failure to act that
occurred prior to any amendment to or repeal of such provisions or the adoption of an inconsistent provision. If the DGCL is amended
to provide further limitation on the personal liability of directors of corporations, then the personal liability of the Registrant&rsquo;s
directors will be further limited to the greatest extent permitted by the DGCL. In addition, the Registrant has entered into separate
indemnification agreements with each of its directors and executive officers. The Registrant also maintains director and officer
liability insurance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Preemptive Rights</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
certificate of incorporation provides that each stockholder that beneficially owns (including all shares beneficially owned by
such stockholder&rsquo;s affiliates) at least 5% of the total shares of Common Stock outstanding as of the close of business on
the record date determined by the board of directors (each such stockholder, a &ldquo;Preemptive Rightsholder&rdquo;), shall have
the right to purchase up to its pro rata portion (based on the number of shares of Common Stock beneficially owned by such stockholder
as of the close of business on the record date, as a percentage of the total number of then-outstanding shares of Common Stock)
of any New Equity Securities (as defined below) that the Registrant or any of its subsidiaries proposes to sell or issue at any
time and from time to time after the date hereof. The rights of Preemptive Rightsholders to purchase such New Equity Securities
shall apply at the time of issuance of any right, warrant, or option or convertible or exchangeable security that constitutes a
New Equity Security, and not to the subsequent conversion, exchange or exercise of such New Equity Security in accordance with
its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&ldquo;New Equity Security&rdquo;
means any and all (A) shares of Common Stock or other equity securities of the Registrant; (B) equity securities of any
subsidiary of the Registrant; (C) securities exchangeable into, or convertible or exercisable for, shares of securities of
the type specified in clause <FONT STYLE="font-size: 12pt">&lrm;</FONT>(A) and <FONT STYLE="font-size: 12pt">&lrm;</FONT>(B);
and (D) options, warrants or other rights to acquire securities of the type specified in clause <FONT STYLE="font-size: 12pt">&lrm;</FONT>(A)
and <FONT STYLE="font-size: 12pt">&lrm;</FONT>(B), in each case other than as issued (1) to employees, officers, directors or
consultants pursuant to any equity-based compensation or incentive plans approved by the board of directors or included in
the Registrant&rsquo;s Plan of Reorganization confirmed by the United States Bankruptcy Court for the Southern District of
Texas, Houston Division, and securities issued upon exercise or conversion of such options, warrants, convertible securities
or other rights, (2) in connection with a stock split, payment of dividends or any similar recapitalization,
reclassification, distribution, exchange or readjustment of shares approved by the board of directors, (3) pursuant to the
Plan of Reorganization (including shares of Common Stock and    warrants to purchase shares of Common Stock, in each case,
issued pursuant to the Plan), and securities issued upon exchange, conversion or exercise of such securities, (4)
as consideration in any business combination, consolidation, merger or acquisition transaction or joint venture involving
the Registrant or any of its subsidiaries, (5) upon the conversion or exercise of any securities convertible or exercisable
for shares of securities of the type specified in <FONT STYLE="font-size: 12pt">&lrm;</FONT>(A) and <FONT STYLE="font-size: 12pt">&lrm;</FONT>(B),
(6) as issuances (in one or more transactions) as a bona fide &ldquo;equity kicker&rdquo; in an aggregate amount with respect
to all such issuances of less than 5% of the then-outstanding shares of Common Stock to one or more third party lenders who
are not</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">stockholders
to whom the Registrant or one or more of its subsidiaries is becoming indebted in connection with the incurrence of any indebtedness
approved by the board of directors or (7) in an IPO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Tag-Along Rights</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
certificate of incorporation provides that if at any time prior to the earlier of a listing on a national securities exchange (which,
for the avoidance of doubt, does not include an &ldquo;over-the-counter&rdquo; system or network) or the consummation of an IPO,
stockholders acting as a group (collectively, the &ldquo;Tag-Along Sellers&rdquo;) propose to transfer shares of Common Stock in
a transaction or series of related transactions that constitutes a change of control, then each other stockholder that beneficially
owns (including all shares beneficially owned by such stockholder&rsquo;s affiliates) at least 5% of the total shares of Common
Stock outstanding shall have the right to exercise certain tag-along rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Special Meetings of Stockholders</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
bylaws provide that special meetings of stockholders may be called at any time pursuant to a resolution adopted by the board of
directors, or upon the written request to the Secretary by one or more stockholders holding, in the aggregate, at least a majority
of the voting power of the shares entitled to vote in the election of directors of the Registrant. Stockholders requesting a special
meeting must provide a notice to the Registrant with the proposed date, time and place of the meeting, the means of remote communications,
if any, by which stockholders and proxyholders may be deemed to be present in person and vote at such meeting, and the record date
for determining the stockholders entitled to vote at the meeting, if such date is different from the record date for determining
stockholders entitled to notice of the meeting, not less than 10 days nor more than 60 days before the date on which the meeting
is to be held.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Stockholder Action and Advance Notice Requirements
for Stockholder Proposals and Director Nominations</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
bylaws provide that stockholders may take action by written consent if the consent is signed by holders of the Registrant&rsquo;s
outstanding shares having the number of votes that would be necessary to authorize or take such action at a meeting at which all
shares entitled to vote thereon were present and voted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">In addition, the Registrant&rsquo;s amended
and restated bylaws establish advance notice procedures for:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>stockholders to nominate candidates for election as a director; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>stockholders to propose topics for consideration at stockholders&rsquo; meetings.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">For nominations of directors or proposals
of business to be properly brought before an annual meeting by a stockholder the stockholder must have given timely notice thereof
in writing (&ldquo;Record Stockholder Notice&rdquo;) to the Secretary of the Registrant (the &ldquo;Secretary&rdquo;) and any such
business must be a proper matter for stockholder action under Delaware law. To be timely, a Record Stockholder Notice shall be
received by the Secretary at the principal executive offices of the Registrant not less than 45 nor more than 75 days prior to
the one-year anniversary of the date on which the Registrant first mailed its proxy materials for the preceding year&rsquo;s annual
meeting of stockholders; provided, however, that, subject to certain exceptions and limitations, (A) if the meeting is convened
more than 30 days prior to or delayed by more than 30 days after the one-year anniversary of the preceding year&rsquo;s annual
meeting, or if no annual meeting was held during the preceding year, notice by the Record Stockholder to be timely must be so received
not later than the close of business on the later of (1) the 45th day before such annual meeting or (2) the 10th day following
the date on which public announcement of the date of such meeting is first made and (B) in the event that the number of directors
to be elected to the board of directors is increased and a public announcement naming all of the nominees for director or indicating
the increase in the size of the board of directors is not made by the Registrant at least 10 days before the last day a stockholder
may timely deliver a notice of nomination as set forth above, a Record Stockholder Notice shall also be considered timely, but
only with respect to nominees for any new positions created by such increase, if it is received by the Secretary at the principal
executive offices of the Registrant not later than the close of business on the 10th day following the date on which such public
announcement is first made by the Registrant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Directors</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s board of directors
currently has seven members. Each of the directors will serve for a term of one year. Directors hold office until the annual meeting
of stockholders and until their successors have been duly elected and qualified. The Registrant&rsquo;s board of directors may
elect a director to fill a vacancy, including vacancies created by the expansion of the board of directors, upon the affirmative
vote of a majority of the remaining directors then in office or by a sole remaining director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
certificate of incorporation and amended and restated bylaws do not provide for cumulative voting in the election of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Forum for Adjudication of Disputes</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant&rsquo;s amended and restated
certificate of incorporation provides that unless the Registrant consents in writing to the selection of an alternative forum,
the Court of Chancery of the State of Delaware (or, if the Court of Chancery shall not have jurisdiction, another state court located
within the state of Delaware, or if no state court located within the state of Delaware has jurisdiction, the federal district
court for the District of Delaware), will be the sole and exclusive forum for any derivative action or proceeding brought on behalf
of the Registrant, any action asserting breach of a fiduciary duty owed by any director, officer or other employee of the Registrant,
any action asserting a claim arising pursuant to the DGCL, the amended and restated certificate of incorporation or the bylaws
of the Registrant, or any action asserting a claim governed by the internal affairs doctrine. Although the Registrant has included
a choice of forum provision in its amended and restated certificate of incorporation, it is possible that a court could rule that
such provision is inapplicable or unenforceable. In addition, this provision would not affect the ability of the Registrant&rsquo;s
stockholders to seek remedies under the federal securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Transfer Agent and Registrar</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The transfer agent and registrar for the
Registrant&rsquo;s Common Stock is American Stock Transfer &amp; Trust Company, LLC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Securities Exchange Listing</I></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant expects to apply to have
its Common Stock quoted on the OTC markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 5.</TD><TD>Interests of Named Experts and Counsel.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 6.</TD><TD>Indemnification of Directors and Officers.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Section 145(a) of the DGCL provides, in
general, that a corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, other
than an action by or in the right of the corporation, because the person is or was a director or officer of the corporation. Such
indemnity may be against expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by the person in connection with such action, suit or proceeding, if the person acted in good faith and in
a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and if, with respect to
any criminal action or proceeding, the person did not have reasonable cause to believe the person&rsquo;s conduct was unlawful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Section 145(b) of the DGCL provides, in
general, that a corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor
because the person is or was a director or officer of the corporation, against any expenses (including attorneys&rsquo; fees) actually
and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in
good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, except
that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged
to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit
was brought shall determine upon application that, despite the adjudication of liability but</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-indent: 0pt">in
view of all the circumstances of the case, such person is fairly and reasonably entitled to be indemnified for such expenses which
the Court of Chancery or such other court shall deem proper.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Section 145(g) of the DGCL provides, in
general, that a corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director
or officer of the corporation against any liability asserted against the person in any such capacity, or arising out of the person&rsquo;s
status as such, whether or not the corporation would have the power to indemnify the person against such liability under the provisions
of the law. The Registrant&rsquo;s amended and restated certificate of incorporation provides that, to the fullest extent permitted
by applicable law, a director will not be liable to the Registrant or its stockholders for monetary damages for breach of fiduciary
duty as a director. The Registrant&rsquo;s amended and restated certificate of incorporation also provides that it will indemnify
and hold harmless each director and officer to the fullest extent permitted by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The foregoing statements are subject to
the detailed provisions of Section 145 of the DGCL and the Registrant&rsquo;s amended and restated certificate of incorporation
and amended and restated bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Section 102 of the DGCL permits the limitation
of directors&rsquo; personal liability to the corporation or its stockholders for monetary damages for breach of fiduciary duties
as a director except for (i) any breach of the director&rsquo;s duty of loyalty to the corporation or its stockholders, (ii) acts
or omissions not in good faith or which involve intentional misconduct or a knowing violation of the law, (iii) breaches under
Section 174 of the DGCL, which relates to unlawful payments of dividends or unlawful stock repurchase or redemptions, and (iv)
any transaction from which the director derived an improper personal benefit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Reference is made to Item 9 for the Registrant&rsquo;s
undertakings with respect to indemnification for liabilities arising under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant maintains directors&rsquo;
and officers&rsquo; liability insurance for its officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Registrant has entered into an indemnification
agreement with each of its executive officers and directors that provides, in general, that it will indemnify them to the fullest
extent permitted by law in connection with their service to the Registrant or on the Registrant&rsquo;s behalf.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 7.</TD><TD>Exemption from Registration Claimed.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 8.</TD><TD>Exhibits.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Unless otherwise indicated below as being
incorporated by reference to another filing of the Registrant with the Commission, each of the following exhibits is filed herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>Exhibit
        Number&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 91%; padding-top: 3pt; padding-bottom: 3pt"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>Description
        of Exhibit&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">4.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Amended and Restated Certificate of Incorporation
of Amplify Energy Corp.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">4.2*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Amended and Restated Bylaws of Amplify Energy
Corp.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">5.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Opinion of Davis Polk &amp; Wardwell LLP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">23.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Consent of KPMG LLP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">23.2*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Consent of Ryder Scott Company, L.P.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">23.3*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Consent of Davis Polk &amp; Wardwell LLP (contained
    in Exhibit 5.1).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">24.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Powers of Attorney (included on the signature
    pages of this Registration Statement).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">99.1*#</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Amplify Energy Corp. Management Incentive
    Plan.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">99.2*#</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Form of Stock Option Award Agreement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">99.3*#</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Form of Restricted Stock Unit Award Agreement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 3pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 1pt 5.5in 1pt 0in"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 18pt; text-align: left">*</TD><TD>Filed herewith.</TD>
</TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">#</TD><TD>Compensatory plan, contract or arrangement.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Item 9.</TD><TD>Undertakings.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 54pt"></TD><TD STYLE="width: 18pt; text-align: left">(i)</TD><TD>to include any prospectus required by Section 10(a)(3)
of the Securities Act;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD>to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in the effective Registration Statement;
and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD>to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement
or any material change to such information in the Registration Statement;</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 0in"><I>provided, however</I>, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section
15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold
at the termination of the offering.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant&rsquo;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in
the City of Houston, State of Texas on May <FONT STYLE="font-size: 10pt">4, 2017</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>AMPLIFY ENERGY CORP.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="width: 41%">Amplify Energy Corp.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ William J. Scarff</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 54%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 7%">Name:</TD>
    <TD STYLE="width: 34%">William J. Scarff</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>President, Chief Executive Officer and Director</TD></TR>
</TABLE>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">POWER OF ATTORNEY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Each person whose signature appears below
hereby authorizes and appoints William J. Scarff and Robert L. Stillwell, Jr., and each of them, severally, any of whom may act
without joinder of the other, as his true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution,
for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including pre- and post-effective
amendments) to this Registration Statement on Form S-8 and any additional registration statement pursuant to Rule 462(b) under
the Securities Act, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission,
granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act
and thing requisite and necessary to be done, as fully to all intents and purposes as he might or would do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them, or his or their substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Act, this Registration Statement has been signed by the following persons in the capacities and on the date presented. This Power
of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall
constitute one instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 0pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Signature&nbsp;</B></P></TD>
    <TD STYLE="width: 48%; padding-right: 4pt; padding-left: 4pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Title&nbsp;</B></P></TD>
    <TD STYLE="width: 19%; padding-right: 4pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Date&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ William J. Scarff</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">President, Chief Executive Officer and Director </FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-size: 10pt">William J. Scarff</FONT></TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">(Principal Executive Officer)</FONT></TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ Robert L. Stillwell, Jr. </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Senior Vice President and Chief Financial Officer </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt"><FONT STYLE="font-size: 10pt">Robert L. Stillwell, Jr.</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">(Principal Financial Officer)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ Matthew J. Hoss</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Vice President, Accounting</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt"><FONT STYLE="font-size: 10pt">Matthew J. Hoss</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">(Principal Accounting Officer)</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ Christopher Hamm</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt"><FONT STYLE="font-size: 10pt">Christopher Hamm</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ P. Michael Highum </FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt"><FONT STYLE="font-size: 10pt">P. Michael Highum</FONT></TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ Evan S. Lederman</FONT></TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-size: 10pt">Evan S. Lederman</FONT></TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ David H. Proman</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-size: 10pt">David H. Proman</FONT></TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ Edward Andrew Scoggins, Jr.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-size: 10pt">Edward Andrew Scoggins, Jr.</FONT></TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; padding-right: 4pt"><FONT STYLE="font-size: 10pt">/s/ Alex Shayevsky</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 4pt"><FONT STYLE="font-size: 10pt">Director</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt"><FONT STYLE="font-size: 10pt">May 4, 2017</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt"><FONT STYLE="font-size: 10pt">Alex Shayevsky</FONT></TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt; padding-left: 4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 4pt">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 9%; padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>Exhibit
        Number&nbsp;</B></FONT></P></TD>
    <TD STYLE="width: 91%; padding-top: 3pt; padding-bottom: 3pt"><P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt"><B>Description
        of Exhibit&nbsp;</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">4.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Amended and Restated Certificate of Incorporation
of Amplify Energy Corp.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">4.2*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Amended and Restated Bylaws of Amplify Energy
Corp.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">5.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Opinion of Davis Polk &amp; Wardwell LLP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">23.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Consent of KPMG LLP.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">23.2*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Consent of Ryder Scott Company, L.P.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">23.3*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Consent of Davis Polk &amp; Wardwell LLP (contained in Exhibit 5.1).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">24.1*</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Powers of Attorney (included on the signature pages of this Registration Statement).</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">99.1*#</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Amplify Energy Corp. Management Incentive Plan.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">99.2*#</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Form of Stock Option Award Agreement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">99.3*#</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">Form of Restricted Stock Unit Award Agreement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">* Filed herewith.</P>

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<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"># Compensatory plan, contract
or arrangement.</P>

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[{"type": "S-8", "sequence": "1", "filename": "dp75850_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 108259}]
{"company-data": {"conformed-name": "Amplify Energy Corp", "cik": "0001521847", "assigned-sic": "1311", "irs-number": "900726667", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-217674", "film-number": "17815120"}, "business-address": {"street1": "500 DALLAS STREET", "street2": "SUITE 1600", "city": "HOUSTON", "state": "TX", "zip": "77002", "phone": "713-588-8300"}, "mail-address": {"street1": "500 DALLAS STREET", "street2": "SUITE 1600", "city": "HOUSTON", "state": "TX", "zip": "77002"}, "former-company": {"former-conformed-name": "Memorial Production Partners LP", "date-changed": "20110526"}}
As filed with the
Securities and Exchange Commission on May 4, 2017
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
________________________
AMPLIFY ENERGY CORP.
(Exact
name of registrant as specified in its charter)
________________________
Delaware
82-1326219
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
500 Dallas
Street, Suite 1600
Houston, Texas 77002
(713) 490-8900
(Address of principal executive offices, including zip code)
________________________
Amplify
Energy Corp. Management Incentive Plan
(Full title of the plan)
________________________
Jason M. Childress
Senior Vice President,
General Counsel and Corporate Secretary
Amplify Energy Corp.
500
Dallas Street, Suite 1600
Houston, Texas 77002
(713)
490-8900
(Telephone number, including area code, of agent for service)
________________________
Copies
to:
Kirtee
Kapoor, Esq.
Derek
J. Dostal, Esq.
Davis
Polk & Wardwell LLP
450
Lexington Avenue
New
York, NY 10017
(212)
450-4000
________________________
Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
☐
Accelerated filer
☒
Non-accelerated filer
☐
(Do not check if a smaller reporting company)
Smaller reporting company
☐
________________________
CALCULATION
    OF REGISTRATION FEE
Title
    of Securities to be Registered
Amount
    to be Registered (1)
Proposed
    Maximum Offering Price Per Share (2)
Proposed
    Maximum Aggregate Offering Price (2)
Amount
    of Registration Fee
Common
    Stock, par value $0.0001 per share
2,322,404
$13.77
$31,979,503.08
$3,706.42
(1)
This Registration Statement on Form S-8 (the "Registration Statement") covers shares of Common Stock, par value
$0.0001 per share ("Common Stock"), of Amplify Energy Corp. (the "Company" or the "Registrant")
issuable pursuant to the Amplify Energy Corp. Management Incentive Plan (the "Plan") and, pursuant to Rule 416(a) under
the Securities Act of 1933, as amended (the "Securities Act"), any additional securities as may become issuable pursuant
to the adjustment provisions of the Plan.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457 under the Securities Act and based
on the value attributed to the Common Stock in connection with the Registrant's emergence from bankruptcy pursuant to the
Second Amended Joint Plan of Reorganization of Memorial Production Partners LP, et al. (the "Plan of Reorganization").
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The Registrant will provide all participants
in the Plan with the document(s) containing information required by Part I of Form S-8, as specified in Rule 428(b)(1) promulgated
by the Securities and Exchange Commission (the "Commission") under the Securities Act. In accordance with the note
to Part I of Form S-8 and Rule 428 of the Securities Act, the Registrant has not filed such document(s) with the Commission, but
such documents (along with the documents incorporated by reference into this Registration Statement pursuant to Item 3 of
Part II hereof) shall constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference.
Except to the extent that information is
deemed furnished and not filed pursuant to securities laws and regulations, the Registrant hereby incorporates by reference into
this Registration Statement the following documents:
(a)       The
Registrant's Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the Commission on March 10, 2017;
and
(b)       All
reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since
the end of the fiscal year covered by the Registrant's Annual Report on Form 10-K referred to in clause (a) above.
Except to the extent that information is
deemed furnished and not filed pursuant to securities laws and regulations, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and prior to the filing of
a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining
unsold shall also be deemed to be incorporated by reference herein and to be a part hereof from the dates of filing of such documents.
Any statement contained in a document incorporated
or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed
to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Unless otherwise noted or suggested
by context, all financial information and data and accompanying financial statements and corresponding notes, as of and prior
to May 4, 2017 (the "Effective Date"), as contained or incorporated by reference herein, reflect the actual
historical consolidated results of operations and financial condition of the Registrant for the periods presented and do not
give effect to the Plan of Reorganization or any of the transactions contemplated thereby, including the adoption
of "fresh-start" accounting. Accordingly, such financial information may not be representative of the
Registrant's performance or financial condition after the Effective Date. Except with respect to such
historical financial information and data and accompanying financial statements and corresponding notes or as otherwise noted
or suggested by the context, all other information contained herein relates to the Registrant following the Effective Date.
Item 4.
Description of Securities.
Capital Stock
The total number of shares of all classes
of stock which the Registrant shall have authority to issue is 345,000,000 shares, consisting of 300,000,000 shares of Common Stock
and 45,000,000 shares of Preferred Stock, par value $0.0001 per share (the "Preferred Stock").
As of May 4, 2017, the Registrant had 25,000,000
shares of Common Stock and no shares of Preferred Stock outstanding. Summarized below are material provisions of the Registrant's
amended and restated certificate of incorporation and amended and restated bylaws, as well as relevant sections of the Delaware
General Corporation Law (the "DGCL"). The following summary is qualified in its entirety by the provisions of the Registrant's
amended and restated certificate of incorporation and amended and restated bylaws, copies of which have been filed as exhibits
to this Registration Statement, and by the applicable provisions of the DGCL.
Common
Stock
The holders of the Registrant's Common
Stock are entitled to one vote per share on all matters submitted to a vote of stockholders, including the election of directors,
except that holders of the Common Stock shall not be entitled to vote on any amendment to the certificate of incorporation (including
any certificate of designations relating to any class or series of Preferred Stock) that relates solely to the terms of one or
more outstanding classes
or
series of Preferred Stock if the holders of such affected class or series are entitled, either separately or together with the
holders of one or more other such classes or series, to vote thereon pursuant to the certificate of incorporation (including any
certificate of designations relating to any class or series of Preferred Stock) or pursuant to the DGCL. Holders of the Common
Stock do not have any cumulative voting rights, which means that the holders of a majority of the outstanding Common Stock voting
for the election of directors can elect all directors then being elected. The holders of the Registrant's Common Stock are
entitled to receive dividends when, as, and if declared by the Registrant's board of directors out of legally available
funds. Upon the Registrant's liquidation or dissolution, the holders of Common Stock will be entitled to share ratably in
those of the Registrant's assets that are legally available for distribution to stockholders after payment of liabilities
and subject to the prior rights of any holders of Preferred Stock then outstanding. The rights, preferences and privileges of
holders of Common Stock are subject to the rights of the holders of shares of any series of Preferred Stock that may be issued
in the future.
Preferred
Stock
The Registrant is authorized to issue up
to 45,000,000 shares of Preferred Stock. The Registrant's board of directors is authorized, subject to limitations prescribed
by the DGCL and the Registrant's amended and restated certificate of incorporation, to determine the terms and conditions
of the Preferred Stock, including whether the shares of Preferred Stock will be issued in one or more series, the number of shares
to be included in each series and the powers, designations, preferences and relative, participating, relative or other rights of
the shares. The Registrant's board of directors is also authorized to designate any qualifications, limitations or restrictions
on the shares without any further vote or action by the stockholders. The issuance of Preferred Stock may have the effect of delaying,
deferring or preventing a change in control of the Registrant and may adversely affect the voting and other rights of the holders
of its Common Stock, which could have an adverse impact on the market price of the Registrant's Common Stock. The Registrant
has no current plan to issue any shares of Preferred Stock.
Certain
Certificate of Incorporation, Bylaw and Statutory Provisions
The provisions of the Registrant's
amended and restated certificate of incorporation and amended and restated bylaws and of the DGCL summarized below may have an
anti-takeover effect and may delay, deter or prevent a tender offer or takeover attempt that a stockholder might consider in its
best interest, including an attempt that might result in the receipt of a premium over the market price for its shares.
Delaware Law
The Registrant is not subject to the provisions
of Section 203 of the DGCL, regulating corporate takeovers. In general, Section 203 prohibits a publicly held Delaware corporation
from engaging in a "business combination" with an "interested stockholder" for a three-year period following
the time that such stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner.
A "business combination" includes, among other things, a merger, asset or stock sale, or other transaction resulting
in a financial benefit to the interested stockholder. An "interested stockholder" is a person who, together with affiliates
and associates, owns, or did own within three years prior to the determination of interested stockholder status, 15% or more of
the corporation's outstanding voting stock. Under Section 203, a business combination between a corporation and an interested stockholder
is prohibited unless it satisfies one of the following conditions:
·
the transaction is approved by the board of directors before the date the interested stockholder attained that status;
·
upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder
owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes
of determining the voting stock outstanding, shares owned by persons who are directors and also officers, and employee stock plans,
in some instances; or
·
on or after such time, the business combination is approved by the board of directors and authorized at a meeting of stockholders
by at least two-thirds of the outstanding voting stock that is not owned by the interested stockholder.
A Delaware corporation may "opt out"
of Section 203 with an express provision in its original certificate of incorporation or an express provision in its certificate
of incorporation or bylaws resulting from amendments
2
approved
by the holders of at least a majority of the corporation's outstanding voting shares. The Registrant elected to "opt out"
of the provisions of Section 203.
Amended and Restated Certificate of Incorporation and
Amended and Restated Bylaws
Provisions of the Registrant's amended
and restated certificate of incorporation and amended and restated bylaws may delay or discourage transactions involving an actual
or potential change in control or change in the Registrant's management, including transactions in which stockholders might
otherwise receive a premium for their shares, or transactions that stockholders might otherwise deem to be in their best interests.
Therefore, these provisions could adversely affect the price of the Registrant's Common Stock.
Among other things, the Registrant's
amended and restated certificate of incorporation and amended and restated bylaws:
·
permit the board of directors to issue up to 45,000,000 shares of Preferred Stock, with any rights, preferences and privileges
as they may designate;
·
provide that the authorized number of directors may be changed only by resolution of the majority of all of the board of directors
(including authorized but vacant directorships);
·
provide that subject to the rights of the holders of any series of Preferred Stock of the Registrant then outstanding, all
vacancies, including newly created directorships, may, except as otherwise required by law, be filled by the affirmative vote of
a majority of directors then in office, even if less than a quorum (prior to such time, vacancies may also be filled by the affirmative
vote of the holders of a majority of the Registrant's then outstanding Common Stock);
·
provide that the Registrant's amended and restated bylaws may only be amended by the affirmative vote of the
                                                                                                               holders of a majority of its then outstanding Common Stock or by resolution adopted by a majority of all of the directors
                                                                                                               (including authorized but vacant directorships);
·
provide that certain provisions of the amended and restated bylaws relating to amendments to the bylaws, the election of directors,
information rights and certain actions requiring board of directors approval, may not be amended except with the affirmative vote
or written consent of one or more stockholders then holding, in the aggregate, a majority of the voting power of all of the then
outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class;
·
provide for certain "tag-along" rights as described below;
·
eliminate the personal liability of the Registrant's directors for monetary damages resulting from breaches of their
fiduciary duty to the extent permitted by the DGCL and indemnify the directors and officers to the fullest extent permitted by
Section 145 of the DGCL;
·
provide that stockholders seeking to present proposals before a meeting of stockholders or to nominate candidates for election
as directors at a meeting of stockholders must provide notice in writing in a timely manner, and also specify requirements as to
the form and content of a stockholder's notice; and
·
not provide for cumulative voting rights, therefore allowing the holders of a majority of the shares of Common Stock entitled
to vote in any election of directors to elect all of the directors standing for election, if they should so choose.
Directors' Liability and Indemnification of
Directors and Officers
Section 145 of the DGCL authorizes a court
to award, or a corporation's board of directors to grant, indemnity to directors and officers in terms sufficiently broad
to permit such indemnification under certain circumstances for liabilities, including reimbursements for expenses incurred arising
under the Securities Act.
The Registrant's amended and restated
certificate of incorporation provides that a director will not be personally liable to the Registrant or its stockholders for monetary
damages for breach of fiduciary duty as a director, except:
·
for any breach of the duty of loyalty;
3
·
for acts or omissions not in good faith or which involve intentional misconduct or knowing violations of law;
·
for liability under Section 174 of the DGCL (relating to unlawful dividends, stock repurchases or stock redemptions); or
·
for any transaction from which the director derived any improper personal benefit.
The effect of this provision is to eliminate
the Registrant's rights, and its stockholders' rights, to recover monetary damages against a director for breach of
a fiduciary duty of care as a director. This provision does not limit or eliminate the Registrant's rights or those of any
stockholder to seek non-monetary relief such as an injunction or rescission in the event of a breach of a director's duty
of care. The provisions will not alter the liability of directors under federal securities laws. In addition, the Registrant's
amended and restated certificate of incorporation provides that it indemnify each director and the officers, employees and agents
determined by the board of directors to the fullest extent provided by the laws of the State of Delaware. The Registrant's
amended and restated certificate of incorporation also requires the Registrant to advance expenses, including attorneys'
fees, to its directors and officers in connection with legal proceedings, subject to very limited exceptions.
Any amendment to or repeal of these provisions
will not adversely affect any right or protection of the Registrant's directors in respect of any act or failure to act that
occurred prior to any amendment to or repeal of such provisions or the adoption of an inconsistent provision. If the DGCL is amended
to provide further limitation on the personal liability of directors of corporations, then the personal liability of the Registrant's
directors will be further limited to the greatest extent permitted by the DGCL. In addition, the Registrant has entered into separate
indemnification agreements with each of its directors and executive officers. The Registrant also maintains director and officer
liability insurance.
Preemptive Rights
The Registrant's amended and restated
certificate of incorporation provides that each stockholder that beneficially owns (including all shares beneficially owned by
such stockholder's affiliates) at least 5% of the total shares of Common Stock outstanding as of the close of business on
the record date determined by the board of directors (each such stockholder, a "Preemptive Rightsholder"), shall have
the right to purchase up to its pro rata portion (based on the number of shares of Common Stock beneficially owned by such stockholder
as of the close of business on the record date, as a percentage of the total number of then-outstanding shares of Common Stock)
of any New Equity Securities (as defined below) that the Registrant or any of its subsidiaries proposes to sell or issue at any
time and from time to time after the date hereof. The rights of Preemptive Rightsholders to purchase such New Equity Securities
shall apply at the time of issuance of any right, warrant, or option or convertible or exchangeable security that constitutes a
New Equity Security, and not to the subsequent conversion, exchange or exercise of such New Equity Security in accordance with
its terms.
"New Equity Security"
means any and all (A) shares of Common Stock or other equity securities of the Registrant; (B) equity securities of any
subsidiary of the Registrant; (C) securities exchangeable into, or convertible or exercisable for, shares of securities of
the type specified in clause
‎
(A) and
‎
(B);
and (D) options, warrants or other rights to acquire securities of the type specified in clause
‎
(A)
and
‎
(B), in each case other than as issued (1) to employees, officers, directors or
consultants pursuant to any equity-based compensation or incentive plans approved by the board of directors or included in
the Registrant's Plan of Reorganization confirmed by the United States Bankruptcy Court for the Southern District of
Texas, Houston Division, and securities issued upon exercise or conversion of such options, warrants, convertible securities
or other rights, (2) in connection with a stock split, payment of dividends or any similar recapitalization,
reclassification, distribution, exchange or readjustment of shares approved by the board of directors, (3) pursuant to the
Plan of Reorganization (including shares of Common Stock and    warrants to purchase shares of Common Stock, in each case,
issued pursuant to the Plan), and securities issued upon exchange, conversion or exercise of such securities, (4)
as consideration in any business combination, consolidation, merger or acquisition transaction or joint venture involving
the Registrant or any of its subsidiaries, (5) upon the conversion or exercise of any securities convertible or exercisable
for shares of securities of the type specified in
‎
(A) and
‎
(B),
(6) as issuances (in one or more transactions) as a bona fide "equity kicker" in an aggregate amount with respect
to all such issuances of less than 5% of the then-outstanding shares of Common Stock to one or more third party lenders who
are not
4
stockholders
to whom the Registrant or one or more of its subsidiaries is becoming indebted in connection with the incurrence of any indebtedness
approved by the board of directors or (7) in an IPO.
Tag-Along Rights
The Registrant's amended and restated
certificate of incorporation provides that if at any time prior to the earlier of a listing on a national securities exchange (which,
for the avoidance of doubt, does not include an "over-the-counter" system or network) or the consummation of an IPO,
stockholders acting as a group (collectively, the "Tag-Along Sellers") propose to transfer shares of Common Stock in
a transaction or series of related transactions that constitutes a change of control, then each other stockholder that beneficially
owns (including all shares beneficially owned by such stockholder's affiliates) at least 5% of the total shares of Common
Stock outstanding shall have the right to exercise certain tag-along rights.
Special Meetings of Stockholders
The Registrant's amended and restated
bylaws provide that special meetings of stockholders may be called at any time pursuant to a resolution adopted by the board of
directors, or upon the written request to the Secretary by one or more stockholders holding, in the aggregate, at least a majority
of the voting power of the shares entitled to vote in the election of directors of the Registrant. Stockholders requesting a special
meeting must provide a notice to the Registrant with the proposed date, time and place of the meeting, the means of remote communications,
if any, by which stockholders and proxyholders may be deemed to be present in person and vote at such meeting, and the record date
for determining the stockholders entitled to vote at the meeting, if such date is different from the record date for determining
stockholders entitled to notice of the meeting, not less than 10 days nor more than 60 days before the date on which the meeting
is to be held.
Stockholder Action and Advance Notice Requirements
for Stockholder Proposals and Director Nominations
The Registrant's amended and restated
bylaws provide that stockholders may take action by written consent if the consent is signed by holders of the Registrant's
outstanding shares having the number of votes that would be necessary to authorize or take such action at a meeting at which all
shares entitled to vote thereon were present and voted.
In addition, the Registrant's amended
and restated bylaws establish advance notice procedures for:
·
stockholders to nominate candidates for election as a director; and
·
stockholders to propose topics for consideration at stockholders' meetings.
For nominations of directors or proposals
of business to be properly brought before an annual meeting by a stockholder the stockholder must have given timely notice thereof
in writing ("Record Stockholder Notice") to the Secretary of the Registrant (the "Secretary") and any such
business must be a proper matter for stockholder action under Delaware law. To be timely, a Record Stockholder Notice shall be
received by the Secretary at the principal executive offices of the Registrant not less than 45 nor more than 75 days prior to
the one-year anniversary of the date on which the Registrant first mailed its proxy materials for the preceding year's annual
meeting of stockholders; provided, however, that, subject to certain exceptions and limitations, (A) if the meeting is convened
more than 30 days prior to or delayed by more than 30 days after the one-year anniversary of the preceding year's annual
meeting, or if no annual meeting was held during the preceding year, notice by the Record Stockholder to be timely must be so received
not later than the close of business on the later of (1) the 45th day before such annual meeting or (2) the 10th day following
the date on which public announcement of the date of such meeting is first made and (B) in the event that the number of directors
to be elected to the board of directors is increased and a public announcement naming all of the nominees for director or indicating
the increase in the size of the board of directors is not made by the Registrant at least 10 days before the last day a stockholder
may timely deliver a notice of nomination as set forth above, a Record Stockholder Notice shall also be considered timely, but
only with respect to nominees for any new positions created by such increase, if it is received by the Secretary at the principal
executive offices of the Registrant not later than the close of business on the 10th day following the date on which such public
announcement is first made by the Registrant.
5
Directors
The Registrant's board of directors
currently has seven members. Each of the directors will serve for a term of one year. Directors hold office until the annual meeting
of stockholders and until their successors have been duly elected and qualified. The Registrant's board of directors may
elect a director to fill a vacancy, including vacancies created by the expansion of the board of directors, upon the affirmative
vote of a majority of the remaining directors then in office or by a sole remaining director.
The Registrant's amended and restated
certificate of incorporation and amended and restated bylaws do not provide for cumulative voting in the election of directors.
Forum for Adjudication of Disputes
The Registrant's amended and restated
certificate of incorporation provides that unless the Registrant consents in writing to the selection of an alternative forum,
the Court of Chancery of the State of Delaware (or, if the Court of Chancery shall not have jurisdiction, another state court located
within the state of Delaware, or if no state court located within the state of Delaware has jurisdiction, the federal district
court for the District of Delaware), will be the sole and exclusive forum for any derivative action or proceeding brought on behalf
of the Registrant, any action asserting breach of a fiduciary duty owed by any director, officer or other employee of the Registrant,
any action asserting a claim arising pursuant to the DGCL, the amended and restated certificate of incorporation or the bylaws
of the Registrant, or any action asserting a claim governed by the internal affairs doctrine. Although the Registrant has included
a choice of forum provision in its amended and restated certificate of incorporation, it is possible that a court could rule that
such provision is inapplicable or unenforceable. In addition, this provision would not affect the ability of the Registrant's
stockholders to seek remedies under the federal securities laws.
Transfer Agent and Registrar
The transfer agent and registrar for the
Registrant's Common Stock is American Stock Transfer & Trust Company, LLC.
Securities Exchange Listing
The Registrant expects to apply to have
its Common Stock quoted on the OTC markets.
Item 5.
Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Section 145(a) of the DGCL provides, in
general, that a corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, other
than an action by or in the right of the corporation, because the person is or was a director or officer of the corporation. Such
indemnity may be against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by the person in connection with such action, suit or proceeding, if the person acted in good faith and in
a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and if, with respect to
any criminal action or proceeding, the person did not have reasonable cause to believe the person's conduct was unlawful.
Section 145(b) of the DGCL provides, in
general, that a corporation shall have the power to indemnify any person who was or is a party or is threatened to be made a party
to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor
because the person is or was a director or officer of the corporation, against any expenses (including attorneys' fees) actually
and reasonably incurred by the person in connection with the defense or settlement of such action or suit if the person acted in
good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, except
that no indemnification shall be made in respect of any claim, issue or matter as to which such person shall have been adjudged
to be liable to the corporation unless and only to the extent that the Court of Chancery or the court in which such action or suit
was brought shall determine upon application that, despite the adjudication of liability but
6
in
view of all the circumstances of the case, such person is fairly and reasonably entitled to be indemnified for such expenses which
the Court of Chancery or such other court shall deem proper.
Section 145(g) of the DGCL provides, in
general, that a corporation shall have the power to purchase and maintain insurance on behalf of any person who is or was a director
or officer of the corporation against any liability asserted against the person in any such capacity, or arising out of the person's
status as such, whether or not the corporation would have the power to indemnify the person against such liability under the provisions
of the law. The Registrant's amended and restated certificate of incorporation provides that, to the fullest extent permitted
by applicable law, a director will not be liable to the Registrant or its stockholders for monetary damages for breach of fiduciary
duty as a director. The Registrant's amended and restated certificate of incorporation also provides that it will indemnify
and hold harmless each director and officer to the fullest extent permitted by applicable law.
The foregoing statements are subject to
the detailed provisions of Section 145 of the DGCL and the Registrant's amended and restated certificate of incorporation
and amended and restated bylaws.
Section 102 of the DGCL permits the limitation
of directors' personal liability to the corporation or its stockholders for monetary damages for breach of fiduciary duties
as a director except for (i) any breach of the director's duty of loyalty to the corporation or its stockholders, (ii) acts
or omissions not in good faith or which involve intentional misconduct or a knowing violation of the law, (iii) breaches under
Section 174 of the DGCL, which relates to unlawful payments of dividends or unlawful stock repurchase or redemptions, and (iv)
any transaction from which the director derived an improper personal benefit.
Reference is made to Item 9 for the Registrant's
undertakings with respect to indemnification for liabilities arising under the Securities Act.
The Registrant maintains directors'
and officers' liability insurance for its officers and directors.
The Registrant has entered into an indemnification
agreement with each of its executive officers and directors that provides, in general, that it will indemnify them to the fullest
extent permitted by law in connection with their service to the Registrant or on the Registrant's behalf.
Item 7.
Exemption from Registration Claimed.
Not applicable.
7
Item 8.
Exhibits.
Unless otherwise indicated below as being
incorporated by reference to another filing of the Registrant with the Commission, each of the following exhibits is filed herewith:
EXHIBIT INDEX
Exhibit
        Number
Description
        of Exhibit
4.1*
Amended and Restated Certificate of Incorporation
of Amplify Energy Corp.
4.2*
Amended and Restated Bylaws of Amplify Energy
Corp.
5.1*
Opinion of Davis Polk & Wardwell LLP.
23.1*
Consent of KPMG LLP.
23.2*
Consent of Ryder Scott Company, L.P.
23.3*
Consent of Davis Polk & Wardwell LLP (contained
    in Exhibit 5.1).
24.1*
Powers of Attorney (included on the signature
    pages of this Registration Statement).
99.1*#
Amplify Energy Corp. Management Incentive
    Plan.
99.2*#
Form of Stock Option Award Agreement
99.3*#
Form of Restricted Stock Unit Award Agreement
*
Filed herewith.
#
Compensatory plan, contract or arrangement.
Item 9.
Undertakings.
(a)       The
undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)
to include any prospectus required by Section 10(a)(3)
of the Securities Act;
(ii)
to reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most
recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement;
and
(iii)
to include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement
or any material change to such information in the Registration Statement;
8
provided, however
, that
paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those
paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section
15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
(2)
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold
at the termination of the offering.
(b)       The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)       Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
9
SIGNATURES
Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in
the City of Houston, State of Texas on May
4, 2017
.
AMPLIFY ENERGY CORP.
By:
Amplify Energy Corp.
By:
/s/ William J. Scarff
Name:
William J. Scarff
Title:
President, Chief Executive Officer and Director
POWER OF ATTORNEY
Each person whose signature appears below
hereby authorizes and appoints William J. Scarff and Robert L. Stillwell, Jr., and each of them, severally, any of whom may act
without joinder of the other, as his true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution,
for him and in his name, place and stead, in any and all capacities, to sign any and all amendments (including pre- and post-effective
amendments) to this Registration Statement on Form S-8 and any additional registration statement pursuant to Rule 462(b) under
the Securities Act, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission,
granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act
and thing requisite and necessary to be done, as fully to all intents and purposes as he might or would do in person, hereby ratifying
and confirming all that said attorneys-in-fact and agents, or any of them, or his or their substitute or substitutes, may lawfully
do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act, this Registration Statement has been signed by the following persons in the capacities and on the date presented. This Power
of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall
constitute one instrument.
Signature
Title
Date
/s/ William J. Scarff
President, Chief Executive Officer and Director
May 4, 2017
William J. Scarff
(Principal Executive Officer)
/s/ Robert L. Stillwell, Jr.
Senior Vice President and Chief Financial Officer
May 4, 2017
Robert L. Stillwell, Jr.
(Principal Financial Officer)
/s/ Matthew J. Hoss
Vice President, Accounting
May 4, 2017
Matthew J. Hoss
(Principal Accounting Officer)
/s/ Christopher Hamm
Director
May 4, 2017
Christopher Hamm
/s/ P. Michael Highum
Director
May 4, 2017
P. Michael Highum
/s/ Evan S. Lederman
Director
May 4, 2017
Evan S. Lederman
/s/ David H. Proman
Director
May 4, 2017
David H. Proman
/s/ Edward Andrew Scoggins, Jr.
Director
May 4, 2017
Edward Andrew Scoggins, Jr.
/s/ Alex Shayevsky
Director
May 4, 2017
Alex Shayevsky
10
EXHIBIT INDEX
Exhibit
        Number
Description
        of Exhibit
4.1*
Amended and Restated Certificate of Incorporation
of Amplify Energy Corp.
4.2*
Amended and Restated Bylaws of Amplify Energy
Corp.
5.1*
Opinion of Davis Polk & Wardwell LLP.
23.1*
Consent of KPMG LLP.
23.2*
Consent of Ryder Scott Company, L.P.
23.3*
Consent of Davis Polk & Wardwell LLP (contained in Exhibit 5.1).
24.1*
Powers of Attorney (included on the signature pages of this Registration Statement).
99.1*#
Amplify Energy Corp. Management Incentive Plan.
99.2*#
Form of Stock Option Award Agreement
99.3*#
Form of Restricted Stock Unit Award Agreement
* Filed herewith.
# Compensatory plan, contract
or arrangement.
11