On October 1, 2021, Viper Energy Partners LP and its subsidiary Viper Energy Partners LLC completed the acquisition of certain mineral and royalty interests (the “Assets”) from Swallowtail Royalties LLC and Swallowtail Royalties II LLC under the previously reported Purchase and Sale Agreement, dated as of August 6, 2021, by and between the Buyer Parties and the Seller (the “Purchase and Sale Agreement”). The total consideration for the Acquisition consisted of 15.25 million common units representing limited partnership interests in Viper and approximately $225 million in cash. As contemplated by the Purchase and Sale Agreement, at Closing, the Assets acquired by Viper for the Common Unit Consideration were immediately contributed by Viper to Viper OpCo in exchange for an equivalent number of units representing limited liability company interests in Viper OpCo.

The Cash Consideration for the Acquisition was funded through a combination of cash on hand and borrowings under Viper OpCo's revolving credit facility. The Acquisition has an effective date of August 1, 2021.