Correa, et al., v. Liberty Oilfield Services Inc.

"The Action involves allegations that Defendants violated certain federal securities laws by making alleged misrepresentations and omissions of material fact in the offering documents issued in connection with Liberty’s IPO. The complaint alleges, among other things, that Liberty’s Registration Statement failed to disclose the existence of oversupply in the fracking industry at the time of the IPO, and falsely stated that Liberty was experiencing pricing increases. Defendants have denied and continue to deny each, any and all allegations of wrongdoing, fault, liability or damage whatsoever asserted by Plaintiffs. The Settlement shall in no event be construed as, or

deemed to be evidence of, liability, fault, wrongdoing, injury or damages, or of any wrongful conduct, acts or omissions on the part of any of the Released Parties, or of any infirmity of any defense, or of any damages to Plaintiffs or any other Settlement Class Member."