Item 2.01 Completion of Acquisition or Disposition of Assets
As previously disclosed, onAugust 22, 2022 ,Brigham Minerals, LLC ("Brigham LLC "), a wholly owned subsidiary ofBrigham Minerals, Inc. (the "Company"), entered into a definitive purchase and sale agreement (the "Purchase Agreement") withAvant Royalties, LP ,Avant Royalties II, LP andAvant Royalties II Sidecar Fund, LP (collectively, the "Sellers"), pursuant to whichBrigham LLC agreed to acquire certain mineral and royalty interests from the Sellers (the "Midland Acquisition"). OnOctober 21, 2022 ,Brigham LLC completed the Midland Acquisition. Upon closing of the Midland Acquisition, pursuant to the terms of the Purchase Agreement,Brigham LLC delivered to the Sellers cash consideration of approximately$130,694,484 , less and except$6,625,000 of cash consideration that was previously deposited in an escrow account for the benefit of the Sellers as a deposit in connection with the signing of the Purchase Agreement. The foregoing description of the Purchase Agreement and the Midland Acquisition is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which was filed with theSEC onAugust 26, 2022 as Exhibit 10.1 to the Company's Current Report on Form 8-K and incorporated into this Item 2.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description Purchase and Sale Agreement, dated as of August
22, 2022, by and among Brigham
Minerals, LLC ,Avant Royalties, LP , Avant
Sidecar Fund, LP ( incorporated by
reference to Exhibit 10.1 to the
10.1* Registrant's Current Report on Form 8-K filed on
104 Cover Page Interactive Data File (embedded within
the Inline XBRL document)
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* Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5)
of Regulation S-K. The registrant will furnish supplementally a copy of any
omitted schedule or exhibit to the
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