TABLE OF DEFINED TERMS. Terms Reference in Agreement Acquisition Proposal Section 6.1(g) Affiliates Section 3.10(b) Agreement Preamble Alternative Acquisition Agreement Section 6.1(b)(ii) Board Recommendation Section 3.3(a) Business Facility Section 3.12(i) Buyer Preamble Buyer Holders Section 2.1(b) Buyer Material Adverse Effect Section 4.1 Certificate of Merger Section 1.1 Certificates Section 2.2(b) Closing Section 1.2 Closing Date Section 1.2 Code Section 2.2(f) Company Preamble Company Balance Sheet Section 3.4(b) Company Board Preamble Company Common Stock Section 2.1(b) Company Disclosure Schedule Article III Company Employee Plans Section 3.13(a) Company Financial Advisor Section 3.17 Company 401(k) Plans Section 6.11(c) Company Intellectual Property Section 3.9(a)(i) Company Leases Section 3.8(b) Company Material Adverse Effect Section 3.1(a) Company Material Contracts Section 3.10(a)(xi) Company Preferred Stock Section 3.2(a) Company Registered Intellectual Property Rights Section 3.9(e) Company SEC Reports Section 3.4(a) Company Stock Option Section 3.2(b) Company Stock Options Section 3.2(b) Company Stock Plans Section 3.2(b) Company Stockholder Approval Section 3.3(a) Company Stockholders’ Meeting Section 6.2(a) Company Voting Agreements Preamble Company Voting Proposal Section 3.3(a) Confidentiality Agreement Section 9.3 Copyrights Section 3.9(a)(ii) Covered Employees Section 6.11(a) DGCL Preamble Dissenting Shares Section 2.3(a) Terms Reference in Agreement Effective Time Section 1.1 Employee Benefit Plan Section 3.13(a) Environmental Law Section 3.12(g) ERISA Section 3.13(a) ERISA Affiliate Section 3.13(a) Exchange Act Section 3.3(c) Exchange Agent Section 2.2(a) Exchange Fund Section 2.2(a) GAAP Section 3.4(b) Governmental Entity Section 3.3(c) Hazardous Substance Section 3.12(h) Indemnified Parties Section 6.8(a) Intellectual Property Not defined Intellectual Property Rights Section 3.9(a)(ii) Liens Section 3.2(d) Majority Stockholder Preamble Majority Stockholder Approval Section 7.1(b) Majority Stockholder Voting Agreement Preamble Merger Preamble Merger Consideration Section 2.1(c) Option Consideration Not defined Option Exchange Ratio Not defined Ordinary Course of Business Section 3.2(c) Outside Date Section 8.1(b) Parties Preamble Patents Section 3.9(a)(ii) Proxy Statement Section 6.2(a) Permitted Liens Section 3.15 Registered Intellectual Property Rights Section 3.9(a)(iii) Representatives Section 6.1(a) Xxxxxxxx-Xxxxx Act Section 3.4(a) SEC Section 3.3(c...
TABLE OF DEFINED TERMS. Per Share Common Value 8 Securities Act 11 Per Share Preferred Value 8 Seller Disclosure Schedules 42 Permits 38 Seller Fundamental Representations 11 Permitted Encumbrances 22 Seller Group 60 Person 8 Seller Material Adverse Effect 11 Preferred Stock Consideration 16 Seller Taxes 12 Preliminary Settlement Statement 53 Special Warranties 21 Pre-Purchase Tax Proceeding 57 Stock Consideration 16 Properties 8 Stockholder Approval 12 Property Costs 0 Xxxxxxxx Xxxxxx 00 Purchase Price 9 Subject Well 12 Purchaser 1 Subsidiary 12 Purchaser Annual Meeting 9 Surface Deed 12 Purchaser Comment Deadline 54 Surface Fee Estates 3 Purchaser Common Stock 10 SWT Claim Date 21 Purchaser Disclosure Schedules 47 SWT Claim Notice 27 Purchaser Financial Statements 50 SWT Property 27 Purchaser Fundamental Representations 10 Target Interval 12 Purchaser Group 60 Tax 12 Purchaser Material Adverse Effect 10 Tax Return 13 Purchaser Preferred Stock 10 Third Party 13 Reclassification Event 16 Title Arbitrator 31 Records 10 Title Defect 22 Records Period 50 Title Matters 13 Registration Rights Agreement 11 Transaction Agreements 13 Regulation S-X 49 Transactions 13 Representatives 11 Transfer Taxes 13 Reserve Engineer 49 Treasury Regulations 13 Retained Obligations 59 Unadjusted Purchase Price 16 Retained Percentage 11 Unapproved Exception 13 Rights of Way 11 Units 14 Royalties 11 Well Location 14 SEC 11 Xxxxx 14 SEC Documents 44 Working Interest 14 PURCHASE AND SALE AGREEMENT This Purchase and Sale Agreement (this “Agreement”), is dated as of December 21, 2023 (the “Execution Date”), by and among Granite Ridge Holdings LLC, a Delaware limited liability company (“Granite Ridge”), GREP IV-A Permian LLC, a Delaware limited liability company (“GREP-A”), GREP IV-B Permian LLC, a Delaware limited liability company (“GREP-B” and, together with GREP-A and Granite Ridge, “Seller”, each a “Seller Party”) and Vital Energy, Inc., a Delaware corporation (“Purchaser”). Seller, on the one hand, and Purchaser, on the other hand, are referred to herein individually, as a “Party” and collectively, as the “Parties”.
TABLE OF DEFINED TERMS. Term Section ---- -------
TABLE OF DEFINED TERMS. Cross Reference Term in Agreement Page ---- ---------------- ---- Acquisition.................................Preamble................. 1 affiliate...................................Section 7.8(a)...........
TABLE OF DEFINED TERMS. Terms Reference in Agreement Acquisition Proposal Section 6.1(g) Affiliate Section 3.2(e) Agreement Preamble Alternative Acquisition Agreement Section 6.1(b) Antitrust Laws Section 6.7(b) Antitrust Order Section 6.7(b) Arbitrator Section 9.11(e) Assumed Restricted Stock Unit Section 2.3(e) Award Section 9.11(g)
TABLE OF DEFINED TERMS. Section -------
TABLE OF DEFINED TERMS. Cross Reference Term in Agreement Page ---- --------------- ----
TABLE OF DEFINED TERMS. Agreement 1 Lease 1 Allocated Values 6 Leases 1 Assets 1 Marketable Title 8 Assignment 11 material 55 Assumed Obligations 42 Material Adverse Effect 55 Breach 55 Material Contract 22 Business Employees 31 Net Revenue Interest 9 Buyer 1 New Employee 31 Buyer’s Environmental Review 15 NORM 50 Casualty 50 Notice of Disagreement 37 Casualty Loss 51 Notification Date 7 CERCLA 17 OPA 17 Claims 45 Parent Guarantee 30 Closing 34 Parent Guarantor 1 Closing Date 34 Parties 1 COBRA 32 Party 1 Contracts 2 PDNP 6 Deposit 5 Permits 2 Documents 52 Permitted Encumbrances 11 DTPA 51 Plugging and Abandonment Obligations 44 Effective Time 7 Production Imbalances 7 Environmental Defect 17 Proprietary Seismic 30 Environmental Defect Value 17 PUD Locations 6 Environmental Information 16 Purchase Price 5 Environmental Laws 17 Purchase Price Allocations and Adjustments 36 Environmental Obligations 00 XXXX 00 Equipment 2 Records 3 Escrow Agent Termination Letter 39 Representatives 46 Excluded Assets 3 Retained Obligations 43 FERC 30 Sale-Leaseback Agreement 40 Final Settlement Date 37 Seller 1 Final Settlement Statement 36 Settlement Statement 36 Garfield Properties 3 Soft Consents 13 Gathering Assets 2 Special Mineral Deed 11 Governmental Authority 17 Special Warranty Deeds 11 Group Health Plan 31 Surface Agreements 2 Hard Consents 13 Tax 55 Hydrocarbons 1 Title Benefit 14 includes and including 54 Title Benefit Value 14 Independent Expert 19 Title Defect 8 Information 24 Title Defect Value 9 Interest 1 Transition Services Agreement 29 Interests 1 Water Infrastructure 2 Interim Operating Expenses 35 Xxxxx 2 JPMorgan Chase Liens 13 Working Interest 9 knowledge 55 Lands 1 Laws 11 Exhibit 2 PURCHASE AND SALE AGREEMENT This Purchase and Sale Agreement (this “Agreement”) is made and entered into this 15th day of September, 2014, by and between XXXX XXXXXXX CORPORATION, a Delaware corporation (“Seller”)), on the one hand, and VANGUARD OPERATING, LLC, a Delaware limited liability company (“Buyer”) and VANGUARD NATURAL RESOURCES, LLC, a Delaware limited liability company (“Parent Guarantor”), on the other hand. Seller, Buyer and Parent Guarantor are collectively referred to herein as the “Parties,” and are sometimes referred to individually as a “Party.”
TABLE OF DEFINED TERMS. (not a part of the Agreement)
TABLE OF DEFINED TERMS. Defined Term Section Accounting Principles 1.3(b) Acquired Company Introduction Acquired Company IP 2.11(a) Acquired Company Released Persons 6.8 Adjusted Purchase Price 1.3(j) Adjustment Threshold 1.3(i) Affiliate 2.1(b) Agreement Preliminary Statement Assumed Liabilities 4.2 Balance Sheet 2.6(a) Bankruptcy and Equity Exception 2.3 Business Day 1.3(a)(ii) Business Material Adverse Effect 2.1(b) Business Introduction Buyer Preliminary Statement Buyer Material Adverse Effect 3.3(b) Cap 4.5(a)(i) Claim Notice 4.3(b) Claimed Amount 4.3(b) Closing 1.2(a) Closing Cash 1.3(a)(iii) Closing Date 1.2(a) Closing Indebtedness 1.3(a)(iv) Code 2.8(d) Commissions Receivable Adjustment 1.3(a)(v) Commissions Receivable Factor 1.3(a)(vi) Competitive Business 6.2 Covered Individual 6.2 COVID-19 2.1(b) COVID-19 Measures 2.1(b) COVID-19 Responses 2.1(b) Damages 4.1; 4.3(a) Deductible 4.5(a)(ii) Designated Contracts 2.12(b) Designated Intellectual Property 2.11(a) Disclosing Party 6.1(e) Disclosure Schedule Article II Dispute Notice 1.3(d) Employee Benefit Plan 2.15(a) Environmental Laws 2.21(a) Equity Interests Introduction ERISA 2.15(a) Defined Term Section ERISA Affiliate 2.15(a) Estimated Closing Statement 1.3(b) Estimated Purchase Price 1.3(b) Excluded Liabilities 4.1 Final Closing Statement 1.3(c) Final Purchase Price 1.3(c)
