13D Filing: Q Global Capital Management, L.P. and Jones Energy Inc. (JONE)

During the past 60 days, the Reporting Person
sold shares of Preferred Stock in over the counter transactions and converted shares of Preferred Stock as follows:

* Represents the conversion of 5 shares
of Preferred Stock into 85 shares of Common Stock.

Except as set forth in this paragraph
(c), to the best of the knowledge of the Reporting Person, none of the Item 2 Persons have effected any transactions in Common
Stock or Preferred Stock during the past 60 days.

(d)

The Reporting Person affirms that no
person other than the persons named in Item 2 has the right to receive, or the power to direct the receipt of dividends from, or
proceeds from the sale of, the shares of Common Stock or Preferred Stock owned by such Reporting Person.

(e)

Not applicable.

Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer

In addition to the Common Stock reported
herein, the Reporting Person and/or its affiliates currently have long economic exposure to 4,657,724 shares of Common Stock and
441,078 shares of Preferred Stock through cash-settled equity swaps (the “Equity Swaps”) under which the profit to
the Reporting Person and/or its affiliates will be based upon any increase in value in shares of Common Stock and Preferred Stock
(as applicable) and the loss to the Reporting Person and/or its affiliates will be based upon any decrease in the value of shares
of Common Stock and Preferred Stock (as applicable) over the term of the transactions. The Equity Swaps may only be settled in
cash and do not give the Reporting Person and/or its affiliates direct or indirect voting, investment or dispositive control over
any shares and do not require the counterparty thereto to acquire, hold, vote or dispose of any securities of the Issuer. With
respect to the Equity Swaps, the Reporting Person and/or its affiliates disclaim beneficial ownership over any shares of Common
Stock or Preferred Stock. The Equity Swaps were not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction
having that purpose or effect.