WhiteHawk Income Corp Sample Contracts

FIRST AMENDMENT TO NOTE PURCHASE AGREEMENT
Note Purchase Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • New York

This FIRST AMENDMENT TO NOTE PURCHASE AGREEMENT (this “First Amendment”) dated as of March 31, 2025, is among WhiteHawk Income Corporation, a Delaware limited liability company (the “Issuer”), U.S. Bank Trust Company, National Association, as agent (in such capacity, together with its successors and permitted assigns in such capacity, “Agent”) and collateral agent for the Holders and the Secured Hedge Providers (in such capacity, together with its successors and permitted assigns in such capacity, the “Collateral Agent”), the Holders party hereto and First Amendment Additional Note Holders party hereto.

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • September 18th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

This SECURITIES PURCHASE AGREEMENT (this “Agreement”) is dated as of September 18, 2026, by and among WhiteHawk Minerals Corp., a Delaware corporation (the “Company”), and each of the entities listed on Exhibit A attached to this Agreement (each, an “Investor” and together, the “Investors”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 10th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • New York

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of June 10, 2026, between WhiteHawk Minerals Corp., a Delaware incorporated company (“PubCo”), WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (“OpCo” and together with PubCo and any subsidiaries or affiliates as may employ Executive from time to time, the “Company”), and Stephen Pilatzke (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • May 21st, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Pennsylvania

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of , 2026, between WhiteHawk Minerals Corp., a Delaware incorporated company (“PubCo”), WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (“OpCo” and together with PubCo and any subsidiaries or affiliates as may employ Executive from time to time, the “Company”), and Jeffrey Slotterback (the “Executive”).

WHITEHAWK MINERALS CORP. PARTICIPATING BROKER-DEALER AGREEMENT
Participating Broker-Dealer Agreement • October 1st, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

Preferred Capital Securities, LLC, as dealer manager (the “Dealer Manager”) has entered into an exclusive Dealer Manager Agreement dated [•], 2026 (the “Dealer Manager Agreement”), a copy of which has been attached hereto as Exhibit B, with WhiteHawk Minerals Corp., a Delaware corporation (the “Company”) and is hereby incorporated herein by reference in its entirety, including the indemnification obligations of the Company, the Dealer Manager and the Participating Broker-Dealers as defined below. Under the Dealer Manager Agreement, the Dealer Manager has agreed to form a group of Financial Industry Regulatory Authority, Inc. (“FINRA”) member firms (the “Participating Broker-Dealers”) to obtain subscriptions for shares of Series F Redeemable Preferred Stock (the “Shares”) of the Company in all states on a “best efforts” basis (the “Offering”) under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a registration statement on Form S-1 (No. 333-_______) (the “Regi

FORM OF INDEMNIFICATION AND ADVANCEMENT AGREEMENT
Indemnification Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

This Indemnification and Advancement Agreement (“Agreement”) is made as of [insert date] by and between [WhiteHawk Minerals Corp.], a Delaware corporation (the “Company”), and [insert name], [a member of the Board of Directors/an officer] of the Company (“Indemnitee”). This Agreement supersedes and replaces any and all previous agreements between the Company and Indemnitee covering indemnification and advancement of expenses.

SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • September 25th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

This SECURITIES PURCHASE AGREEMENT (this “Agreement”) is dated as of September 23, 2026, by and among WhiteHawk Minerals Corp., a Delaware corporation (the “Company”), and each of the entities listed on Exhibit A attached to this Agreement (each, an “Investor” and together, the “Investors”).

WHITEHAWK MINERALS CORP. Offering of $100,000,000 Series F Redeemable Preferred Stock DEALER MANAGER AGREEMENT Dated: ______, 2026
Dealer Manager Agreement • October 1st, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

WhiteHawk Minerals Corp. (NYSE: WHK) (the “Company”), will offer to investors deemed suitable pursuant to the standards set forth in FINRA Rule 2111 through a registered ongoing offering (the “Offering”) of Series F Redeemable Preferred Stock of the Company (the “Shares”) to be offered and sold on the terms and conditions set forth in the Company’s registration statement on Form S-1 (Reg. No. 333-[______]), as the same may be amended or supplemented (the “Registration Statement”), that has been filed with the Securities and Exchange Commission (the “SEC”), and a prospectus and any prospectus supplements filed with the SEC pursuant to Rule 424(b) of the Securities Act of 1933, as amended (the “Securities Act”) in connection with the Offering. Subject to the notice requirements set forth in Section 18, the Company reserves the right to conduct other offerings registered or exempt from registration with the SEC.

EMPLOYMENT AGREEMENT
Employment Agreement • May 26th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Pennsylvania

EMPLOYMENT AGREEMENT (this “Agreement”) dated as of [ • ], 2026, between WhiteHawk Minerals Corp., a Delaware incorporated company (“PubCo”), WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (“OpCo” and together with PubCo and any subsidiaries or affiliates as may employ Executive from time to time, the “Company”), and Jeffrey Slotterback (the “Executive”).

SERVICES AGREEMENT
Services Agreement • October 1st, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Georgia

THIS SERVICES AGREEMENT (this “Agreement”) is made and entered into as of __, 2026 (the “Effective Date”), by and between Preferred Shareholder Services, LLC (“PSS”), a Delaware limited liability company, and WhiteHawk Minerals Corp., a Delaware corporation (the “Company” or the “Issuer” and together with PSS the “Parties”).

SUBSCRIPTION AGREEMENT
Subscription Agreement • October 1st, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas
WHITEHAWK INCOME CORPORATION RESTRICTED STOCK UNIT GRANT AGREEMENT NON-EMPLOYEE DIRECTOR
Restricted Stock Unit Grant Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

THIS RESTRICTED STOCK UNIT GRANT AGREEMENT (this “Agreement”) is made as of ____________________ (the “Date of Grant”) by and between WhiteHawk Income Corporation, a Delaware corporation (the “Company”), and ____________________ (the “Grantee”).

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • September 18th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of September 18, 2026, is entered into by and among WhiteHawk Minerals Corp., a Delaware corporation (the “Company”), and the several investors signatory hereto (individually as an “Investor” and collectively together with their respective permitted assigns, the “Investors”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Securities Purchase Agreement by and among the parties hereto, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Securities Purchase Agreement”).

Second Amendment to Amended and Restated Credit Agreement dated as of September 25, 2026 among WhiteHawk Minerals Corp. (formerly known as WhiteHawk Income Corporation) as Parent, WhiteHawk Income Operating Partnership L.P. as Borrower, Capital One,...
Second Amendment to Amended and Restated Credit Agreement • September 25th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas

THIS SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Second Amendment”) dated as of September 25, 2026, is among WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (the “Borrower”); WhiteHawk Minerals Corp. (formerly known as WhiteHawk Income Corporation), a Delaware corporation (the “Parent”); WhiteHawk Income OP GP LLC, a Delaware limited liability company, in its capacity as the general partner of the Borrower (the “General Partner”); each of the undersigned Guarantors (collectively with the Borrower, the “Obligors”); the Lenders party hereto; and Capital One, National Association, as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and as the Issuing Bank.

CONTRIBUTION AGREEMENT
Contribution Agreement • August 13th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

THIS CONTRIBUTION AGREEMENT (this “Agreement”) is entered into as of June 9, 2026 by and among WhiteHawk Income Corporation, a Delaware corporation (“WHIC”), WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (“WhiteHawk OP”), WhiteHawk Management LLC, a Delaware limited liability company (the “Company”) and WhiteHawk Minerals LLC, a Delaware limited liability company (the “Contributor”). Capitalized terms used but not defined herein shall have the respective meanings set forth on Exhibit A.

WHITEHAWK INCOME OPERATING PARTNERSHIP L.P. SENIOR SECURED SECOND LIEN NOTES DUE 2031 $75,000,000 AMENDED AND RESTATED NOTE PURCHASE AGREEMENT DATED AS OF MAY 20, 2026
Note Purchase Agreement • May 21st, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • New York

This AMENDED AND RESTATED NOTE PURCHASE AGREEMENT, dated as of May [20], 2026 (together with any amendments, restatements, amendments and restatements, supplements or other modifications hereto, the “Agreement”), is entered into by and among WHITEHAWK INCOME OPERATING PARTNERSHIP L.P., a Delaware limited partnership (the “Issuer”);

Equity Commitment Letter
Equity Commitment Letter • May 22nd, 2025 • WhiteHawk Income Corp • Crude petroleum & natural gas

Reference is hereby made in this letter agreement (the “Letter”) to that certain Agreement and Plan of Merger (as amended, restated, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof, the “Agreement”) by and among (i) WhiteHawk Acquisition, Inc., a Delaware corporation (“Parent”); (ii) WhiteHawk Merger Sub, Inc. a Delaware corporation (“Merger Sub” and, together with Parent, the “Parent Entities”); and (iii) PHX Minerals Inc., a Delaware corporation (the “Company”) and those certain equity commitment letters (as amended, restated, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof, the “Other Investors’ Equity Commitment Letters”) by and among the investors named therein, Parent and Merger Sub. Capitalized terms used but not defined in this Letter shall have the respective meanings given to them in the Agreement. All references in this Letter to “dollars” or “$” shall mean U.S. Dollars and al

CONTRIBUTION AGREEMENT by and among WhiteHawk Income Corporation, a Delaware corporation, WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership, WhiteHawk Management LLC, a Delaware limited liability company, and WhiteHawk...
Contribution Agreement • June 10th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

THIS CONTRIBUTION AGREEMENT (this “Agreement”) is entered into as of June 9, 2026 by and among WhiteHawk Income Corporation, a Delaware corporation (“WHIC”), WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (“WhiteHawk OP”), WhiteHawk Management LLC, a Delaware limited liability company (the “Company”) and WhiteHawk Minerals LLC, a Delaware limited liability company (the “Contributor”). Capitalized terms used but not defined herein shall have the respective meanings set forth on Exhibit A.

Joint Filing Agreement
Joint Filing Agreement • May 15th, 2025 • WhiteHawk Income Corp • Crude petroleum & natural gas

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, par value $0.01666 per share, of PHX Minerals Inc., a Delaware corporation, and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement this 15th day of May, 2025.

CREDIT AGREEMENT DATED AS OF MAY 10, 2026 AMONG WHITEHAWK INCOME CORPORATION AS PARENT, WHITEHAWK INCOME OPERATING PARTNERSHIP L.P. AS BORROWER, CAPITAL ONE, NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT AND ISSUING BANK AND THE LENDERS PARTY HERETO...
Credit Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • New York

THIS CREDIT AGREEMENT dated as of May 9, 2026, is among WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (the “Borrower”); WhiteHawk Income Corporation, a Delaware corporation (the “Parent”); WhiteHawk Income OP GP LLC, a Delaware limited liability company, in its capacity as the general partner of the Borrower (the “General Partner”); each of the Lenders from time to time party hereto; and Capital One, National Association, as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and as the Issuing Bank.

CONFIDENTIALITY AGREEMENT
Confidentiality Agreement • May 22nd, 2025 • WhiteHawk Income Corp • Crude petroleum & natural gas

In connection with the consideration by WhiteHawk — Equity Holdings, LP, a Delaware limited partnership (“you” or “your”), of a potential transaction involving the outstanding equity or assets of PHX Minerals Inc., a Delaware corporation (the “Company”) (the “Potential Transaction”), you have requested information concerning the Company. As a condition to such information being furnished to you, you agree that you will, and you will instruct your Representatives (as defined below) to, treat any Evaluation Material (as defined below), and take or abstain from taking certain other actions, in each case, in accordance with the provisions of this Confidentiality Agreement (this “Agreement”).

AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF WHITEHAWK INCOME OPERATING PARTNERSHIP L.P. Dated as of June 10, 2026
Limited Partnership Agreement • June 10th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

This AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this “Agreement”) of WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (the “Partnership”), dated as of June 10, 2026, is adopted, executed and agreed to by and among WhiteHawk Income OP GP LLC, a Delaware limited liability company, as the sole general partner of the Partnership (the “General Partner”), and each of the Limited Partners (as defined herein) set forth on the signature pages hereto.

WHITEHAWK – EQUITY HOLDINGS GP, LLC Philadelphia, PA 19103
Limited Partnership Agreement • May 15th, 2025 • WhiteHawk Income Corp • Crude petroleum & natural gas

In anticipation of our entry into that certain Limited Partnership Agreement (the “Partnership Agreement”) of WhiteHawk – Equity Holdings, LP (the “Partnership”), dated as of [●], 2024, by and among WhiteHawk – Equity Holdings GP, LLC (the “General Partner”), and each person admitted to the Partnership as a limited partner (each, a “Limited Partner”), we, as a Limited Partner, hereby confirm to you (and covenant to you), the following:

AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

(the “Agreement”) is entered into as of the 3rd day of October, 2025, by and between WHITEHAWK INCOME CORPORATION, a Delaware corporation (the “Company”), and WHITEHAWK MANAGEMENT, LLC a Delaware limited liability company (the “Manager”).

Form of Equity Commitment Letter
Equity Commitment Letter • August 13th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas

This Equity Commitment Letter (this “Commitment Letter”) sets forth the agreement of [INVESTOR] (“Investor”) to purchase preferred equity of WhiteHawk Minerals Corp. (the “Company”), on the terms described below.

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • June 10th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of June 10, 2026 by and among WhiteHawk Minerals Corp., a Delaware corporation (the “Company”), and the Holders (as defined herein) who are or become parties hereto.

ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

THIS ADMINISTRATIVE SERVICES AGREEMENT (the “Agreement”) is entered into as of the 1st day of March, 2022, by and between WHITEHAWK INCOME CORPORATION, a Delaware corporation (the “Company”), and WHITEHAWK MANAGEMENT, LLC a Delaware limited liability company (the “Administrator”).

FORM OF LETTER AGREEMENT
Letter Agreement • May 21st, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

This Letter Agreement (this “Letter Agreement”) is entered into as of [•], 2026, by and among WhiteHawk Income Corporation, a Delaware corporation (the “Company”), WhiteHawk Management, LLC, a Delaware limited liability company (the “Manager”), and WhiteHawk Minerals LLC, a Delaware limited liability company (the “Contributor”).

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JUNE 10, 2026 AMONG WHITEHAWK MINERALS CORP. (FORMERLY KNOWN AS WHITEHAWK INCOME CORPORATION) AS PARENT, WHITEHAWK INCOME OPERATING PARTNERSHIP L.P. AS BORROWER, CAPITAL ONE,...
Credit Agreement • June 10th, 2026 • WhiteHawk Minerals Corp. • Crude petroleum & natural gas

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “First Amendment”) dated as of June 10, 2026, WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (the “Borrower”); WhiteHawk Minerals Corp. (formerly known as WhiteHawk Income Corporation), a Delaware corporation (the “Parent”); WhiteHawk Income OP GP LLC, a Delaware limited liability company, in its capacity as the general partner of the Borrower (the “General Partner”); the Subsidiaries of the Borrower listed on the signature page hereof (the “Guarantors” and collectively with the Borrower, the “Obligors”) each of the Lenders from time to time party hereto; and Capital One, National Association, as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and as the Issuing Bank.

] Shares WHITEHAWK INCOME CORPORATION Class A Common Stock UNDERWRITING AGREEMENT
Underwriting Agreement • May 26th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • New York

WhiteHawk Income Corporation, a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”), an aggregate of [ ] shares of its Class A common stock, par value $[ ] per share (the “Class A Common Stock”). Such aggregate of [_______] shares to be purchased from the Company by the Underwriters are called the “Firm Shares.” In addition, the Company has agreed to issue and sell to the Underwriters, upon the terms and conditions stated herein, up to an additional [ ] shares of Class A Common Stock (the “Additional Shares”) to cover over-allotments by the Underwriters, if any. The Firm Shares and the Additional Shares are collectively referred to in this agreement (the “Agreement”) as the “Shares.” As part of the offering contemplated by this Agreement, the Representatives (as defined below) have agreed to reserve out of the Firm Shares purchased by it under thi

PHX MINERALS INC.
Offer to Purchase • May 22nd, 2025 • WhiteHawk Income Corp • Crude petroleum & natural gas

The Offer is being made pursuant to an Agreement and Plan of Merger, dated as of May 8, 2025 (as it may be amended from time to time, the “Merger Agreement”), by and among PHX, Parent, and Purchaser, pursuant to which, after consummation of the Offer and the satisfaction or waiver of certain conditions, Purchaser will merge with and into PHX upon the terms and subject to the conditions set forth in the Merger Agreement, with PHX continuing as the surviving corporation (the “Surviving Corporation”) and becoming a wholly owned subsidiary of Parent (the “Merger”). In the Merger, each Share issued and outstanding immediately prior to the Effective Time (other than (i) Dissenting Shares (as defined below in Section 11 — “The Merger Agreement; Other Agreements”), (ii) Shares owned directly by PHX (or any wholly owned subsidiary of PHX), Parent, Purchaser or any of their respective affiliates and (iii) PHX Restricted Shares (as defined below in the “Summary Term Sheet”) will be converted into

AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MAY 25, 2026 AMONG WHITEHAWK INCOME CORPORATION AS PARENT, WHITEHAWK INCOME OPERATING PARTNERSHIP L.P. AS BORROWER, CAPITAL ONE, NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT AND ISSUING BANK AND THE...
Credit Agreement • May 26th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • New York

THIS AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 25, 2026, is among WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (the “Borrower”); WhiteHawk Income Corporation, a Delaware corporation (the “Parent”); WhiteHawk Income OP GP LLC, a Delaware limited liability company, in its capacity as the general partner of the Borrower (the “General Partner”); each of the Lenders from time to time party hereto; and Capital One, National Association, as administrative agent and collateral agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”) and as the Issuing Bank.

CONTRIBUTION AGREEMENT by and among WhiteHawk Income Corporation, a Delaware corporation, WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership, WhiteHawk Management LLC, a Delaware limited liability company, and WhiteHawk...
Contribution Agreement • May 21st, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

THIS CONTRIBUTION AGREEMENT (this “Agreement”) is entered into as of [•], 2026 by and among WhiteHawk Income Corporation, a Delaware corporation (“WHIC”), WhiteHawk Income Operating Partnership L.P., a Delaware limited partnership (“WhiteHawk OP”), WhiteHawk Management LLC, a Delaware limited liability company (the “Company”) and WhiteHawk Minerals LLC, a Delaware limited liability company (the “Contributor”). Capitalized terms used but not defined herein shall have the respective meanings set forth on Exhibit A.

AGREEMENT AND PLAN OF MERGER by and among WHITEHAWK ACQUISITION, INC., a Delaware corporation, WHITEHAWK MERGER SUB, INC., a Delaware corporation, and PHX MINERALS INC., a Delaware corporation Dated as of May 8, 2025
Merger Agreement • May 11th, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • New York

This AGREEMENT AND PLAN OF MERGER, dated as of May 8, 2025 (this “Agreement”), is made by and among WhiteHawk Acquisition, Inc., a Delaware corporation (“Parent”); Whitehawk Merger Sub, Inc., a Delaware corporation and a wholly owned, direct subsidiary of Parent (“Merger Sub”); and PHX Minerals Inc., a Delaware corporation (the “Company”). All capitalized terms used in this Agreement shall have the meanings assigned to such terms in Section 9.6 or as otherwise defined elsewhere in this Agreement, unless the context clearly indicates otherwise.

FORM OF REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • May 21st, 2026 • WhiteHawk Income Corp • Crude petroleum & natural gas • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made as of [•], 2026 by and among WhiteHawk Minerals Corp., a Delaware corporation (the “Company”), and the Holders (as defined herein) who are or become parties hereto.