Baird | Investment Banking Pitch Book

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Earn-Out Period, Payment to AR ($MM), Cumulative Earn-out Threshold (Mbbl), AR Projections (Cumulative) Projected Volumes (Mbbl), AR Projections (Cumulative) Earn-Out % of Proj. Volumes, Daily Earn-out Thresh

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The slide outlines specific financial and operational milestones for an earn-out agreement between AR and AM.