Black Stone Minerals, L.P. $100,000,000 of Common Units Representing Limited Partner Interests EQUITY DISTRIBUTION AGREEMENTEquity Distribution Agreement • May 26th, 2017 • Black Stone Minerals, L.P. • Crude petroleum & natural gas • New York
Black Stone Minerals, L.P., a Delaware limited partnership (the “Partnership”), and Black Stone Minerals GP, L.L.C., a Delaware limited liability company (the “General Partner” and, together with the Partnership, the “Partnership Parties”), confirm their agreement (this “Agreement”) with Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) and UBS Securities LLC (each, a “Manager” and collectively, the “Managers”) as follows:
