On April 27, 2021, the Board of Directors (the Board") of Chesapeake Energy Corporation (the Company") and Robert D. Lawler reached an agreement that Mr. Lawler will no longer serve in his position as President andChief Executive Officer of the Company and as a director on the Board. Under the Severance Agreement, Mr. Lawler will cease to serve as President and Chief Executive Officer of the Company and as a director on the Board, in each case, effective as of April 30, 2021.