JOINT FILING AGREEMENT
EXHIBIT 99.1
In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each of the Reporting Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, par value $0.01 per share, of California Resources Corporation, a Delaware corporation, and that this agreement may be included as an exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this agreement as of September 23, 2021.
| AF V Energy IV AIV 1A, L.P. | |||
| By: | ACOF Investment Management llc | ||
| Its: | Manager | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| AF V Energy XX XXX 0X, X.X. | |||
| By: | ACOF Investment Management llc | ||
| Its: | Manager | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| AF V Energy XX XXX 0, X.X. | |||
| By: | ACOF Investment Management llc | ||
| Its: | Manager | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| AEOF ECR AIV A-B, L.P. | |||
| By: | ACOF Investment Management llc | ||
| Its: | Manager | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| AEOF ECR AIV C, L.P. | |||
| By: | ACOF Investment Management llc | ||
| Its: | Manager | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| AF energy feeder, l.p. | |||
| By: | ACOF Investment Management llc | ||
| Its: | Manager | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ACOF Investment Management llc | |||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES MANAGEMENT LLC | |||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES MANAGEMENT HOLDINGS L.P. | |||
| By: | ARES HOLDCO LLC | ||
| Its: | General Partner | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES HOLDCO LLC | |||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES MANAGEMENT CORPORATION | |||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES MANAGEMENT GP LLC | |||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES VOTING LLC | |||
| By: | ARES PARTNERS HOLDCO LLC | ||
| Its: | Sole Member | ||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
| ARES PARTNERS HOLDCO LLC | |||
| /s/ Xxxxxx Xxxxxx Xxxxxx | |||
| By: | Xxxxxx Xxxxxx Xxxxxx | ||
| Its: | Authorized Signatory | ||
SCHEDULE A
BOARD OF MANAGERS OF
ARES PARTNERS HOLDCO LLC
| Name | Present Principal Occupation and Employment |
| Xxxxxxx X Xxxxxxxxx | Co-Founder, Chief Executive Officer and President of Ares Management |
| Xxxx Xxxxx | Chief Marketing and Strategy Officer of Ares Management |
| R. Xxxx xxXxxx | Head of Credit Group of Ares Management |
| Xxxxx X. Xxxxxx | Co-Founder, Co-Chairman of the Private Equity Group of Ares Management |
| Xxxxxx X. Xxxxxxx | Co-Founder, Executive Chairman of Ares Management |
| Xxxxxxx Xxxxxxxxx | Co-Founder, Co-Chairman of the Private Equity Group of Ares Management |
The address for all of the persons listed above is c/o Ares Management LLC, 2000 Avenue of the Stars, 00xx Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxx 00000.
DIRECTORS AND EXECUTIVE OFFICERS OF
ARES MANAGEMENT CORPORATION
| Name | Director/Executive Officer | Present Principal Occupation and Employment |
| Xxxxxxx X Xxxxxxxxx | Director and Executive Officer | Co-Founder, Chief Executive Officer and President of Ares Management |
| Xxxxx X. Xxxxxx | Director and Executive Officer | Co-Founder, Co-Chairman of the Private Equity Group of Ares Management |
| Xxxxxx X. Xxxxxxx | Director and Executive Officer | Co-Founder, Executive Chairman of Ares Management |
| Xxxxxxx Xxxxxxxxx | Director and Executive Officer | Co-Founder, Co-Chairman of the Private Equity Group of Ares Management |
| R. Xxxx xxXxxx | Director and Executive Officer | Head of Credit Group of Ares Management |
| Xxxx X. Xxxxxxx | Director | Founding Partner of EdgeAdvisors and a Venture Partner in Converge Venture Partners |
| Xxxxxxx Xxxxxx | Director | Chairman of the Board of Snap Inc. |
| Xx. Xxxx Xxxxx | Director | President of Quinnipiac University |
| Xxxxxxxxxx X. Xxxx | Director | Executive Vice President and Global Head of Government Affairs for News Corp |
| Xxxx Xxxxx | Executive Officer | Chief Marketing and Strategy Officer of Ares Management |
| Xxxxxx Xxxxxx Xxxxxx | Executive Officer | General Counsel and Secretary of Ares Management |
| Xxxxxx Xxxxxxxx | Executive Officer | Chief Financial Officer of Ares Management |
The address for all of the persons listed above is c/o Ares Management LLC, 0000 Xxxxxx xx xxx Xxxxx, 00xx Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxx 00000.
