“Existing GREP Members” means the members of GREP as of the Closing Date.
“Forward Split” refers collectively to (i) the 2.5 for 1 forward stock split for each outstanding ENPC Class A common stock and ENPC Class B common stock, as effected by the first amendment to ENPC’s charter dated as of March 24, 2021, and (ii) the 2.5 for 1 forward warrant split for each outstanding ENPC Warrant, as effected by that certain Amendment No. 1 to Warrant Agreement, dated March 24, 2021, by and between ENPC and Continental Stock Transfer & Trust Company, a New York corporation.
“Funds” or the “Grey Rock Funds” means, collectively, Fund I, Fund II and Fund III.
“Fund I” means Grey Rock Energy Fund, LP, a Delaware limited partnership.
“Fund II” means, collectively, Grey Rock Energy Fund II, L.P., Grey Rock Energy Fund II-B, LP, and Grey Rock Energy Fund II-B Holdings, L.P., each a Delaware limited partnership.
“Fund III” means, collectively, Grey Rock Energy Fund III-A, LP, Grey Rock Energy Fund III-B, LP, and Grey Rock Energy Fund III-B Holdings, LP, each a Delaware limited partnership.
“GAAP” means generally accepted accounting principles in the United States.
“Granite Ridge” means Granite Ridge Resources, Inc., a Delaware corporation.
“Granite Ridge Board” means the board of directors of Granite Ridge.
“Granite Ridge common stock” means the common stock, par value $0.0001 per share, of Granite Ridge.
“Granite Ridge Warrant Agreement” means the ENPC Warrant Agreement, as assigned, assumed and amended by that certain Assignment, Assumption and Amendment Agreement, dated October 24, 2022, by and among the Company, ENPC and Continental Stock Transfer & Trust Company.
“Granite Ridge warrants” means the ENPC warrants that were converted into warrants to purchase Granite Ridge common stock upon consummation of the Business Combination.
“GREP” means GREP Holdings, LLC, a Delaware limited liability company.
“GREP Merger” means the merger of GREP Merger Sub with and into GREP with GREP being the surviving company in the merger and a wholly-owned subsidiary of Granite Ridge.
“GREP Merger Sub” means GREP Merger Sub, LLC, a Delaware limited liability company.
“Grey Rock” means Grey Rock Energy Management, LLC, a Delaware limited liability company.
“Holdco” means ENPC Holdings II, LLC, a Delaware limited liability company.
“Incentive Plan” means the Granite Ridge 2022 Omnibus Incentive Plan.
“IRS” means the U.S. Internal Revenue Service.
“ITGC” means Information Technology General Controls.
“Manager” means Grey Rock Administration, LLC, a Delaware limited liability company, or its permitted assignee.
“Mergers” means, collectively, the ENPC Merger and the GREP Merger.
“MSA” means the Management Services Agreement, dated October 24, 2022 by and between Granite Ridge Resources, Inc. and Grey Rock Administration, LLC.
“NYSE” means the New York Stock Exchange.
“private placement” means the private sale of private placement CAPS™ that occurred simultaneously with the consummation of the ENPC IPO for total gross proceeds of $6,140,000.