Granite Ridge Resources Inc.
12/16/2025 | Press release | Distributed by Public on 12/16/2025 15:57
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
Amendment No. 1 to Management Services Agreement
On December 10, 2025 (the "Amendment Date"), Granite Ridge Resources, Inc., a Delaware corporation (the "Company"), entered into Amendment No. 1 to the Management Services Agreement ("Amendment No. 1") amending the Company's existing Management Services Agreement, dated October 24, 2022, by and between the Company and Grey Rock Administration, LLC, a Delaware limited liability company (prior to the Amendment Date, the "Existing Management Services Agreement").
Amendment No. 1, among other things, (a) extended the Initial Term (as defined in the Existing Management Services Agreement) from April 30, 2028 to April 30, 2031 and (b) increased the Services Fee (as defined in the Existing Management Services Agreement) from $10.0 million to $11.75 million, provided for annual CPI-based adjustments beginning January 1, 2027 and delegated to management the authority to increase the Services Fee up to a maximum total of $12.50 million.
Other than the foregoing, the material terms of the Existing Management Services Agreement remain unchanged.
The foregoing description of Amendment No. 1 does not purport to be complete and is qualified in its entirety by reference to the text of Amendment No. 1, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (this "Current Report") and is incorporated herein by reference.
Transaction with Conduit Bravo, LLC
On December 12, 2025, Granite Ridge Ventures, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company ("Granite Ridge Ventures"), entered into a power capacity commitment arrangement with Conduit Bravo LLC, a Delaware limited liability company ("Conduit Bravo"). Conduit Bravo and its parent, Conduit Power, LLC, are portfolio companies of funds managed by affiliates of Grey Rock Investment Partners. A third party entered into a transaction with Conduit Bravo on substantially similar terms and at a substantially similar time to this transaction.
The transaction is documented under an ISDA 2002 Master Agreement (including the Schedule thereto), a Transaction Confirmation, an Omnibus Agreement and related documents (collectively, the "Transaction Documents").
The foregoing description of the Transaction Documents does not purport to be complete and is qualified in its entirety by reference to the full text of the Transaction Documents, copies of which will be filed as exhibits to the Company's Annual Report on Form 10-K for the year ending December 31, 2025.
Granite Ridge Resources Inc. published this content on December 16, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 16, 2025 at 21:57 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]