Item 1.01 Entry into a Material Definitive Agreement. OnMarch 27, 2020 ,Centennial Resource Production, LLC ("CRP"), a subsidiary ofCentennial Resource Development, Inc. (the "Company"), entered into an amendment ("Amendment No. 1") to that certain Purchase and Sale Agreement, dated as ofAugust 2, 2018 by and betweenBP Products North America Inc. ("BP") and CRP (the "Agreement"). Capitalized terms used but not defined herein have the meanings set forth in the Agreement. Amendment No. 1, among other things, delayed the commencement of Period 2, including the pricing terms and delivery commitments associated with Period 2, toJanuary 1, 2021 . Amendment No. 1 also affirmedMay 31, 2025 as the end date for Period 2 and the Initial Term for the Agreement. The foregoing description of Amendment No. 1 is qualified in its entirety by reference to the full text of Amendment No. 1, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Purchase and Sale Agreement 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
--------------------------------------------------------------------------------
© Edgar Online, source