Item 1.01 Entry into a Material Definitive Agreement

Beginning December 6, 2021, Creek Road Miners, Inc. (the “Company”) entered into securities purchase agreements with 23 investors (the “Purchasers”) for the sale of the Company’s securities, with the Purchasers receiving: (i) 7,880 shares of Series C Preferred Stock (the “Preferred Shares”); (ii) warrants to acquire 50% of the number of common shares into which the Purchasers’ Preferred Shares are convertible at an exercise price of $2.50 per share; and (iii) warrants to acquire 50% of the number of common shares into which the Purchasers’ Preferred Shares are convertible at an exercise price of $2.75 per share. The Purchasers were also given registration rights with respect to certain of the securities. The proceeds from the sale of the Preferred Shares and the warrants totals $7,880,000.00, and will be used by the Company for working capital purposes.

The securities issued to the Purchasers were not registered under the Act and were issued and sold in reliance upon the exemption from registration contained in Section 4(2) of the Act and Regulation D promulgated thereunder. The securities, as well as the shares underlying the warrants, may not be reoffered or sold in the United States by the holders in the absence of an effective registration statement, or valid exemption from the registration requirements of the Act.

Copies of the form of the securities purchase agreement, the form of the warrants and the form of the registration rights agreement are attached as exhibits. The summary of these agreements set forth above is qualified by reference to such exhibits.