Material Agreement (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement.

On April 17, 2026, Viking Ozone Technology, LLC ("VOT"), a majority-owned subsidiary of Viking Energy Group, Inc. (a wholly-owned subsidiary of Camber Energy, Inc.), entered into a loan arrangement with an accredited investor (the "Investor").

Pursuant to the transaction, VOT issued the Investor a promissory note in the principal amount of $500,000 (the "Note"). The Note bears interest at a fixed rate equal to 10% of the principal amount and matures on the earlier of (i) (i) April 15, 2027; or (ii) the receipt by the Company of proceeds from the unconditional sale of the Company's VKIN-300 waste treatment unit identified in the Note ("Unit Sale").

The Note, which may be part of a series of other promissory notes in the aggregate principal amount of up to $750,000 (inclusive of the principal amount of the Note), includes customary events of default, such as failure to pay principal or interest when due and certain bankruptcy events. If an event of default occurs, the Note may become immediately due and payable, and interest may accrue at a default rate of 10% per annum. As security for its obligations under the Note, VOT granted the Investor a priority interest (pari passu with other VOT noteholders of the same series) over the net sale proceeds received by VOT from the Unit Sale.

Camber Energy, Inc. is not a party to the Note, and the Note does not include any conversion rights or warrant issuances.

The foregoing summary of the Note is qualified in its entirety by reference to the full text of the Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.