Pursuant to the previously announced Agreement to Assign between Silver Run Acquisition Corp (NASDAQ:SRAQU) (“Silver Run” or the “Company”) and New Centennial, LLC, a Delaware limited liability company (“New Centennial”) and affiliate of Riverstone Holdings, LLC, Silver Run and New Centennial entered into an Assignment Agreement, pursuant to which New Centennial assigned, and Silver Run assumed, all of the rights and obligations of New Centennial under that certain Contribution Agreement, dated as of July 6, 2016 (as amended by Amendment No. 1 thereto, dated as of July 29, 2016, the “Contribution Agreement”), by and among Centennial Resource Development, LLC, a Delaware limited liability company, NGP Centennial Follow-On LLC, a Delaware limited liability company, and Celero Energy Company, LP, a Delaware limited partnership (collectively, the “Centennial Contributors”), Centennial Resource Production, LLC, a Delaware limited liability company (“CRP”), and New Centennial.  At the closing of the transactions contemplated by the Contribution Agreement, Silver Run will acquire approximately 89% of the outstanding membership interests in CRP (the “Business Combination” and, together with the other transactions contemplated by the Contribution Agreement, the “Transactions”). On October 7, 2016, in connection with the entry into the Assignment Agreement, Silver Run entered into a Joinder Agreement pursuant to which it agreed to be bound to the terms of the Contribution Agreement.