December [______], 2022 Re: Retention Award[; COBRA] Dear [______]:Brigham Minerals, Inc. • December 23rd, 2022 • Crude petroleum & natural gas
Company FiledDecember 23rd, 2022 IndustryAs you may know, Brigham Minerals, Inc., a Delaware corporation (the “Company”) and Brigham Minerals Holdings, LLC, a Delaware limited liability company and subsidiary of the Company, entered into that certain Agreement and Plan of Merger (the “Merger Agreement”), dated September 6, 2022, with Sitio Royalties Corp., a Delaware corporation (“Sitio Royalties”), Sitio Royalties Operating Partnership, LP, a Delaware limited partnership and subsidiary of Sitio Royalties (“Opco LP”), Snapper Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Sitio Royalties (“New Parent”), Snapper Merger Sub IV, Inc., a Delaware corporation and wholly owned subsidiary of New Parent, Snapper Merger Sub V, Inc., a Delaware corporation and wholly owned subsidiary of New Parent (“Sitio Merger Sub”), and Snapper Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Opco LP (collectively, “Sitio”). The closing (the “Closing”) of the merger contemplated b