Granite Ridge extends management agreement to 2031, increases annual fee to $11.75M

Granite Ridge Resources, Inc.

Amendment extends Management Services Agreement term to April 30, 2031 (from April 30, 2028).
Annual Services Fee increased from $10.0M to $11.75M, with CPI-based adjustments starting January 2027.
CEO and CFO can further increase fee up to $12.5M, subject to Conflicts Committee notification.
Entered power capacity commitment with Conduit Bravo LLC, an affiliate of Grey Rock Investment Partners.

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