EX-4.2





 Exhibit 4.2 

REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of [●], by and among Bounty Minerals,
Inc., a Delaware corporation (“Company”), and the parties listed on Schedule I hereto (the “Bounty Stockholders”), and the Persons identified on Schedule II hereto who become party to this Agreement
from time to time upon the execution of a Joinder (as defined herein) in accordance with Section 2.10 of this Agreement. 

RECITALS 
 WHEREAS, in
connection with the transactions contemplated by the Company’s Registration Statement on Form S-1 (File No. 333-268279), the Bounty Stockholders have
requested, and the Company has agreed to provide, registration rights with respect to the Registrable Securities (as hereinafter defined) as set forth in this Agreement; and 

WHEREAS, the Bounty Stockholders have received units in Bounty Minerals Holdings, LLC (“BMH Units”) and shares of
Class B common stock, par value $0.01 per share, of Company (“Class B Common Stock”). 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.01    Definitions. Capitalized terms used shall have the meanings set forth below: 

“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, through one or more
intermediaries, controls, is controlled by or is under common control with, such Person. As used in this definition, the term “control” and its derivatives means, with respect to any Person, the possession, directly or indirectly,
of more than 50% of the equity interest or the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract, or otherwise. 

“Agreement” is defined in the preamble. 

“BMH” means Bounty Minerals Holdings, LLC, a Delaware limited liability company. 

“BMH A&R LLC Agreement” means that certain Amended and Restated Limited Liability Company Agreement of Bounty Minerals
Holdings, LLC, dated as of the date hereof, (as it may be amended, restated, amended and restated, supplemented or otherwise modified from time to time). 

“BMH Units” is defined in the preamble. 

“Board” means the board of directors of Company. 

“Bounty Stockholders” is defined in the preamble. 

“Business Day” means a day (other than a Saturday or Sunday) on which commercial banks in Texas are generally open for
business. 
 “Class A Common Stock” means the Class A common stock, $0.01 par value per share, of
the Company. 
 “Class A Common Stock Price” means, as of any date of determination, the volume weighted
average closing price of Class A Common Stock (as reported by the New York Stock Exchange) for the ten trading days immediately preceding such date of determination. 

“Class B Common Stock” is defined in the preamble. 

“Company” is defined in the preamble. 

“EDGAR” is defined in Section 2.04(h). 

“Effectiveness Period” means the period beginning from and after the date the Shelf Registration Statement is declared or
becomes effective until the earlier of (a) all Registrable Securities covered by the Shelf Registration Statement have been distributed in the manner set forth and as contemplated in the Shelf Registration Statement or there are no longer any
Registrable Securities outstanding and (b) the Termination Date. 












 “Equity Securities” means (a) with respect to any Person that is a
corporation, any and all shares, interests or equivalents in capital stock of such corporation (whether voting or nonvoting and whether common or preferred), (b) with respect to any Person that is not a corporation, individual or governmental
entity, any and all partnership, membership, limited liability company or other equity interests of such Person that confer on the holder thereof the right to receive a share of the profits and losses of, or the distribution of assets of the issuing
Person, and (c) any and all warrants, rights (including conversion and exchange rights) and options to purchase any security described in the clause (a) or (b) above. Unless otherwise indicated, the term “Equity
Securities” refers to Equity Securities of Company. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and any successor statute thereto and the rules and regulations of the SEC promulgated thereunder. 
 “Holder”
means a holder of any Registrable Securities. 
 “Included Registrable Securities” is defined in
Section 2.02(a). 
 “Joinder” is defined in Section 2.10. 

“Launch Date” is defined in Section 2.02(b). 

“Losses” is defined in Section 2.08(a). 

“Managing Underwriter(s)” means, with respect to any Underwritten Offering or Overnight Underwritten Offering, the book
running lead manager or managers of such Underwritten Offering or Overnight Underwritten Offering. 
 “Maximum Number of
Securities” is defined in Section 2.02(c). 
 “Member Distribution” is defined in
Section 2.01(b). 
 “Offering Holders” is defined in Section 2.03(a).

 “Opt-Out Notice” is defined in Section 2.02(a). 

“Overnight Underwritten Offering” is defined in Section 2.02(b). 

“Parity Holders” is defined in Section 2.02(c). 

“Person” means an individual or any corporation, partnership, limited liability company, trust, unincorporated organization,
association, joint venture or any other organization or entity, whether or not a legal entity. 
 “Piggyback Offering” is
defined in Section 2.02(a). 
 “Registrable Securities” means (i) the shares of Class A
Common Stock held by the Bounty Stockholders as of the date hereof, including the shares of Class A Common Stock that may be delivered in exchange for any BMH Units and Class B Common Stock held by the Bounty Stockholders as of the date
hereof, and (ii) and any other equity interests of the Company or equity interests in any successor of the Company issued in respect of such shares by reason of or in connection with any stock dividend, stock split, combination, reorganization,
recapitalization, conversion to another type of entity or similar event involving a change in the capital structure of the Company. 

“Registration Expenses” is defined in Section 2.07(a). 

“Registration Statement” means any registration statement of the Company filed or to be filed with the SEC under the
Securities Act, including the related prospectus, amendments and supplements to such registration statement, and including pre- and post-effective amendments, and all exhibits and all material incorporated by
reference in such registration statement. 
 “Rule 144” means Rule 144 under the Securities Act, as such Rule may be
amended from time to time, or any similar rule or regulation hereafter adopted by the SEC. 
 “SEC” means the U.S.
Securities and Exchange Commission. 

  
 2 













 “Securities Act” means the Securities Act of 1933, as amended, and any
successor statute thereto and the rules and regulations of the SEC promulgated thereunder. 
 “Selling Expenses” is defined
in Section 2.07(a). 
 “Selling Holder” means a Holder who is selling Registrable Securities
pursuant to a registration statement. 
 “Selling Holder Indemnified Persons” is defined in
Section 2.08(a). 
 “Selling Holder Underwriter Registration Statement” is defined in
Section 2.04(o). 
 “Shelf Registration Statement” is defined in
Section 2.01(a). 
 “Termination Date” is defined in Section 3.16. 

“Underwritten Offering” means an offering (including an offering pursuant to a Shelf Registration Statement) in which shares
of Class A Common Stock are sold to an underwriter on a firm commitment basis for reoffering to the public or an offering that is a “bought deal” with one or more investment banks. 

“Underwritten Offering Filing” is defined in Section 2.02(a). 

Section 1.02    Registrable Securities. Any Registrable Security will cease to be a Registrable Security when
(a) a Registration Statement covering such Registrable Security is effective and such Registrable Security has been sold or disposed of pursuant to such effective Registration Statement; (b) such Registrable Security has been disposed of
pursuant to any section of Rule 144 (or any successor rule or regulation to Rule 144 then in force) under the Securities Act or pursuant to any other exemption from the registration requirements of the Securities Act as a result of which the legend
on any certificate or book-entry notation representing such Registrable Security restricting transfer of such Registrable Security has been removed; (c) such securities shall have been otherwise transferred, new certificates for such securities
not bearing a legend restricting further transfer shall have been delivered by Company and subsequent public distribution of such securities shall not require registration under the Securities Act; or (d) such Registrable Security is held by
Company or one of its subsidiaries; provided that any security that has ceased to be a Registrable Security shall not thereafter become a Registrable Security and any security that is issued or distributed in respect of securities that have
ceased to be Registrable Securities shall not be a Registrable Security. 
 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.01    Shelf Registration. 

(a)    Shelf Registration. Company shall (i) prepare and file by no later than the date that is 180
days after the date hereof a registration statement under the Securities Act to permit the public resale of the Registrable Securities from time to time, including as permitted by Rule 415 under the Securities Act (or any similar provision then in
force) with respect to all of the Registrable Securities (the “Shelf Registration Statement”) and (ii) use commercially reasonable efforts to cause the Shelf Registration Statement to become effective as soon as reasonably
practicable thereafter. 
 (b)    The Shelf Registration Statement shall be on such appropriate registration form of
the SEC (i) as shall be selected by Company and (ii) as shall permit the disposition of the Registrable Securities in accordance with the intended method or methods of disposition reasonably requested by the Bounty Stockholders;
provided, however, that if Company becomes eligible, Company shall promptly take all actions reasonably necessary to convert the Shelf Registration Statement to Form S-3 or any equivalent or successor
form under the Securities Act (if available to Company). Subject to Section 2.01(c), Company shall use commercially reasonable efforts to cause the Shelf Registration Statement to remain effective under the Securities Act
during the Effectiveness Period. The Shelf Registration Statement when declared effective (including the documents incorporated therein by reference) shall comply as to form in all material respects with all applicable requirements of the Securities
Act and the Exchange Act and shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. As soon as practicable following the
date of effectiveness of such Shelf Registration Statement, Company will use its commercially reasonable efforts to notify the Selling Holders of the effectiveness of such Shelf Registration Statement. Notwithstanding anything contained herein to
the contrary, Company hereby agrees that (i) the Shelf Registration Statement filed pursuant to this Section 2.01(b) shall contain all language (including on the prospectus cover sheet, the principal stockholders’
table and the plan of distribution) as may be reasonably requested by a Bounty Stockholder to allow for a distribution to the limited partners 

  
 3 













 
of any such Bounty Stockholder (each, a “Member Distribution”), and (ii) Company shall, at the reasonable request of the Bounty Stockholder seeking to effect a Member
Distribution, file any prospectus supplement or post-effective amendments and otherwise take any action reasonably necessary to include such language, if such language was not included in the initial Registration Statement, or revise such language
if deemed reasonably necessary by any such Bounty Stockholder to effect any such Member Distribution. 

(c)    Delay Rights. Notwithstanding anything to the contrary contained herein, Company may, upon written
notice to (x) all Bounty Stockholders, delay the filing of the Shelf Registration Statement or (y) any Selling Holder whose Registrable Securities are included in the Shelf Registration Statement, suspend such Selling Holder’s use of
any prospectus which is a part of the Shelf Registration Statement (in which event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Shelf Registration Statement but such Selling Holder may settle any
contracted sales of Registrable Securities) if Company (i) is pursuing an acquisition, merger, tender offer, reorganization, disposition or other similar transaction and the Board determines in good faith that its ability to pursue or
consummate such a transaction would be materially adversely affected by any required disclosure of such transaction in the Shelf Registration Statement or (ii) has experienced some other material
non-public event the disclosure of which at such time, in the good faith judgment of the Board, would materially adversely affect Company; provided, however, in no event shall (A) such
filing of the Shelf Registration Statement be delayed under clauses (i) or (ii) of this Section 2.01(c) for a period that exceeds 90 days or (B) such Selling Holders be suspended under clauses
(i) or (ii) of this Section 2.02(c) from selling Registrable Securities pursuant to the Shelf Registration Statement for a period that exceeds an aggregate of 30 days in any
90-day period or 90 days in any 365-day period. Upon disclosure of such information or the termination of the condition described above, Company shall provide prompt notice to the Selling Holders whose
Registrable Securities are included in the Shelf Registration Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other reasonable actions to permit registered sales of Registrable Securities as
contemplated in this Agreement. 
 Section 2.02    Piggyback Rights. 

(a)    Participation in Underwritten Offering. Except as provided in
Section 2.02(b), if at any time during the Effectiveness Period, Company proposes to file (i) a shelf registration statement other than the Shelf Registration Statement (in which event Company covenants and agrees to
include thereon a description of the transaction under which the Holders acquired the Registrable Securities), (ii) a prospectus supplement to an effective shelf registration statement, other than the Shelf Registration Statement contemplated by
Section 2.01(a) of this Agreement, and Holders could be included without the filing of a post-effective amendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration
statement, in the case of each of clause (i), (ii) or (iii), for the sale of Class A Common Stock in an Underwritten Offering for its own account (except for any registration statement relating to an Underwritten Offering
in which the proceeds will be used to fund any acquisition, merger or other similar transaction) and/or the account of a Person (other than a Holder), then as soon as practicable but not less than ten Business Days prior to the filing of
(A) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the
Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement (other than a Shelf Registration Statement), as the case may be (an “Underwritten Offering Filing”), Company shall give notice
(including, but not limited to, notification by electronic mail) of such proposed Underwritten Offering (a “Piggyback Offering”) to the Holders and such notice shall offer the Holders the opportunity to include in such Underwritten
Offering such number of shares of Class A Common Stock (the “Included Registrable Securities”) as each such Holder may request in writing; provided, however, that if Company has been advised by the Managing
Underwriter(s) that the inclusion of Registrable Securities for sale for the benefit of the Selling Holders is likely to have a material adverse effect on the price, timing or distribution of the Class A Common Stock in the Underwritten
Offering, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(c) of this Agreement. The notice required to be provided in
this Section 2.02(a) to each Holder shall be provided on a Business Day pursuant to Section 3.01 hereof. Each Holder shall then have three Business Days after the date on which the Holders received
the notice to request inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within such period, such Holder shall have no further right to participate in such Underwritten Offering.
If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, Company shall determine for any reason not to undertake or to delay such Underwritten
Offering, Company may, at its election, give written notice of such determination to the Selling Holders and (x) in the case of a determination not to undertake such Underwritten Offering, shall be relieved of its obligation


  
 4 













 
to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (y) in the case of a determination to delay such Underwritten Offering, shall be
permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling
Holder’s Registrable Securities in any Underwritten Offering by giving written notice to Company of such withdrawal up to and including the time of pricing of such offering. Notwithstanding the foregoing, any Holder may deliver written notice
(an “Opt-Out Notice”) to Company requesting that such Holder not receive notice from Company of any proposed Underwritten Offering; provided, however, that such Holder may later
revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from a Holder, Company shall not deliver any notice to such Holder pursuant to this
Section 2.02(a), unless such Opt-Out Notice is revoked by such Holder. Notwithstanding anything contained herein to the contrary, Company hereby agrees that (i) any shelf
registration statement which includes Registrable Securities pursuant to this Section 2.02(a) shall contain all language (including on the prospectus cover sheet, the principal stockholders’ table and the plan of
distribution) as may be reasonably requested by a Bounty Stockholder to allow for a Member Distribution and (ii) Company shall, at the reasonable request of the Bounty Stockholder seeking to effect a Member Distribution, file any prospectus
supplement or post-effective amendments and otherwise take any action reasonably necessary to include such language, if such language was not included in the initial registration statement, or revise such language if deemed reasonably necessary by
such Bounty Stockholder to effect such Member Distribution. 
 (b)    Participation in Overnight Underwritten
Offering. Notwithstanding anything to the contrary in Section 2.02(a), if, at any time during any Effectiveness Period, Company proposes to file an Underwritten Offering Filing and such Underwritten Offering is
expected to be launched (the “Launch Date”) after the close of trading on one trading day and priced before the open of trading on the next succeeding trading day (such execution format, an “Overnight Underwritten
Offering”), then no later than one Business Day after Company engages one or more Managing Underwriter(s) for the proposed Overnight Underwritten Offering, Company shall notify (including, but not limited to, notice by electronic mail) the
Holders of the pendency of the Overnight Underwritten Offering and such notice shall offer the Holders the opportunity to include in such Overnight Underwritten Offering such number of Registrable Securities as each such Holder may request in
writing within two Business Days after such Holder receives such notice. Notwithstanding the foregoing, if Company has been advised by the Managing Underwriter(s) that the inclusion of Registrable Securities in the Overnight Underwritten Offering
for the accounts of the Selling Holders is likely to have a material adverse effect on the price, timing or distribution of the Class A Common Stock being offered in such Overnight Underwritten Offering, then the amount of Registrable
Securities to be included in the Overnight Underwritten Offering for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(c) of this Agreement. If, at any time after giving written
notice of its intention to execute an Overnight Underwritten Offering and prior to the closing of such Overnight Underwritten Offering, Company determines for any reason not to undertake or to delay such Overnight Underwritten Offering, Company may,
at its election, give written notice of such determination to the Selling Holders and, (i) in the case of a determination not to undertake such Overnight Underwritten Offering, shall be relieved of its obligation to sell any Registrable
Securities held by the Selling Holders in connection with such terminated Overnight Underwritten Offering, and (ii) in the case of a determination to delay such Overnight Underwritten Offering, shall be permitted to delay offering any
Registrable Securities held by the Selling Holders for the same period as the delay of the Overnight Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling
Holder’s Registrable Securities in such Overnight Underwritten Offering by giving written notice to Company of such withdrawal at least one Business Day prior to the expected Launch Date. Notwithstanding the foregoing, any Holder may deliver an
Opt-Out Notice to Company requesting that such Holder not receive notice from Company of any proposed Overnight Underwritten Offering and, following receipt of such an
Opt-Out Notice from a Holder, Company shall not deliver any notice to such Holder pursuant to this Section 2.02(b), unless such Opt-Out Notice
is revoked by such Holder. 
 (c)    Priority of Rights. In connection with an Underwritten Offering and
Overnight Underwritten Offering contemplated by Section 2.02(a) and Section 2.02(b), respectively, if the Managing Underwriter(s) of any such Underwritten Offering or Overnight Underwritten
Offering, as the case may be, advises Company that the total amount of Class A Common Stock that the Selling Holders and any other Persons intend to include in such Underwritten Offering or Overnight Underwritten Offering exceeds the number
that can be sold in such Underwritten Offering or Overnight Underwritten Offering without being likely to have a material adverse effect on the price, timing or distribution of the Class A Common Stock offered in such Underwritten Offering or
Overnight Underwritten Offering, as the case may be, or the market for the Class A Common Stock, then the Class A Common Stock to be included in such Underwritten Offering or Overnight Underwritten Offering shall include the number of


  
 5 













 
shares of Class A Common Stock that such Managing Underwriter(s) advise Company can be sold without having such adverse effect (such maximum number of shares of Class A Common Stock,
the “Maximum Number of Securities”), with such number to be allocated (i) in the case of an Underwritten Offering or Overnight Underwritten Offering initiated by a Person other than the Company, (A) first, to the Person
initiating such Underwritten Offering or Overnight Underwritten Offering, (B) second, pro rata among all Selling Holders and holders of any other securities of Company having rights of registration on parity with the Registrable Securities
(“Parity Holders”) who have requested participation in such Underwritten Offering or Overnight Underwritten Offering and (C) third, to the Company and (ii) in the case of an Underwritten Offering or Overnight Underwritten
Offering initiated by the Company, (A) first to the Company and (B) second, pro rata among all Selling Holders and Parity Holders who have requested participation in such Underwritten Offering or Overnight Underwritten Offering. The pro
rata allocations for each such Selling Holder or Parity Holder shall be (A) based on the percentage derived by dividing (1) the number of shares of Class A Common Stock (or other securities) that such Selling Holder or such Parity
Holder has requested be included in such Underwritten Offering or Overnight Underwritten Offering by (2) the aggregate number of shares of Class A Common Stock (or other securities) that all Selling Holders and all Parity Holders have
requested be included in such Underwritten Offering or Overnight Underwritten Offering or (B) as otherwise agreed by such Selling Holder or Parity Holder, as applicable. 

(d)    Notwithstanding anything in this Section 2.02 to the contrary, no Holder shall have any
right to include any Class A Common Stock in any offering by Company of Class A Common Stock executed pursuant to any “at the market” program that Company may have in effect from time to time on or after the date of this
Agreement. 
 Section 2.03    Underwritten Offering. 

(a)    In the event that one or more Selling Holders of Registrable Securities (the “Offering Holders”)
notify Company in writing of their election to dispose of Registrable Securities under the Shelf Registration Statement pursuant to an Underwritten Offering or Overnight Underwritten Offering and reasonably expect gross proceeds of at least $[15]
million from such Underwritten Offering or Overnight Underwritten Offering, (i) Company shall give notice (including, but not limited to, notification by email, with such notice given no later than one Business Day after the engagement by
Company of the Managing Underwriter(s) in the case of a proposed Overnight Underwritten Offering) of such proposed Underwritten Offering or Overnight Underwritten Offering to the other Holders on a Business Day and such notice shall offer such
Holders the opportunity to include in such Underwritten Offering or Overnight Underwritten Offering such number of Registrable Securities as each such Holder may request in writing (within three Business Days in the case of an Underwritten Offering
that is not an Overnight Underwritten Offering and within two Business Days after the Holder receives such notice in the case of an Overnight Underwritten Offering) and (ii) Company will retain underwriters (which underwriters shall be
reasonably acceptable to the Offering Holders holding a majority of the Registrable Securities to be disposed of pursuant to such Underwritten Offering or Overnight Underwritten Offering, including entering into an underwriting agreement in
customary form with the Managing Underwriter(s), which underwriting agreement shall include, among other provisions, indemnities to the effect and to the extent provided in Section 2.08, and will take all reasonable actions
as are requested by the Managing Underwriter(s) in order to expedite or facilitate the registration and disposition of the Registrable Securities); provided, however, that Company shall not be required to effect more than one Underwritten
Offering or Overnight Underwritten Offering pursuant to this Section 2.03. No Selling Holder may participate in such Underwritten Offering or Overnight Underwritten Offering unless such Selling Holder agrees to sell its
Registrable Securities on the basis provided in such underwriting agreement and completes and executes all questionnaires, powers of attorney, indemnities and other documents reasonably and customarily required under the terms of such underwriting
agreement. No Selling Holder shall be required to make any representations or warranties to or agreements with Company or the underwriters other than representations, warranties or agreements regarding such Selling Holder and its ownership of the
securities being registered on its behalf and its intended method of distribution and any other representations required by law. If any Selling Holder disapproves of the terms of an Underwritten Offering or Overnight Underwritten Offering
contemplated by this Section 2.03(a), such Selling Holder may elect to withdraw therefrom by notice to Company and the Managing Underwriter(s); provided, however, that such notice of withdrawal must be made at
a time up to and including the time of pricing of such offering in order to be effective. No such withdrawal or abandonment shall affect Company’s obligation to pay Registration Expenses. 

  
 6 













 (b)    In connection with an Underwritten Offering and Overnight
Underwritten Offering contemplated by Section 2.03(a), if the Managing Underwriter(s) of any such Underwritten Offering or Overnight Underwritten Offering, as the case may be, advises the Selling Holders that the total
amount of Registrable Securities that the Selling Holders intend to include in such Underwritten Offering or Overnight Underwritten Offering exceeds the Maximum Number of Securities, then the Registrable Securities to be included in such
Underwritten Offering or Overnight Underwritten Offering shall include the Maximum Number of Securities, with such number to be allocated (i) first, to the Selling Holders requesting such Underwritten Offering and Overnight Underwritten
Offering and (ii) second, pro rata among all Selling Holders and all Parity Holders who have requested participation in such Underwritten Offering or Overnight Underwritten Offering. The pro rata allocations for each such Selling Holder or
Parity Holder shall be (i) based on the percentage derived by dividing (A) the number of shares of Class A Common Stock (or other securities) that such Selling Holder or such Parity Holder has requested be included in such
Underwritten Offering or Overnight Underwritten Offering by (B) the aggregate number of shares of Class A Common Stock (or other securities) that all Selling Holders and all Parity Holders have requested be included in such Underwritten
Offering or Overnight Underwritten Offering or (ii) as otherwise agreed by such Selling Holder or Parity Holder, as applicable. 

Section 2.04    Registration Procedures. In connection with its obligations under this Article II,
Company or the applicable Selling Holder, as the case may be, will, as expeditiously as possible, subject to confidentiality obligations and agreements: 

(a)    prepare and file with the SEC such amendments and supplements to the Shelf Registration Statement and the
prospectus used in connection therewith as may be necessary to cause the Shelf Registration Statement to be effective and to keep the Shelf Registration Statement effective during the Effectiveness Period and as may be necessary to comply with the
provisions of the Securities Act with respect to the disposition of all securities covered by the Shelf Registration Statement; 

(b)    furnish to each Selling Holder (i) as far in advance as reasonably practicable before filing the Shelf
Registration Statement or any other Registration Statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including exhibits and
each document incorporated by reference therein to the extent then required by the rules and regulations of the SEC other than annual or quarterly reports on Form 10-K or 10-Q, respectively, current reports on Form 8-K or proxy statements;
provided, however, that such reports or proxy statements shall be provided at least two Business Days prior to filing in connection with an Underwritten Offering or Overnight Underwritten Offering), and provide each such Selling Holder
the opportunity to object to any information pertaining to such Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to
filing the Shelf Registration Statement or such other Registration Statement or supplement or amendment thereto, and (ii) such number of copies of the Shelf Registration Statement or such other Registration Statement and the prospectus included
therein and any supplements and amendments thereto as such Persons may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by the Shelf Registration Statement or such other
Registration Statement; 
 (c)    if applicable, use its commercially reasonable efforts to register or qualify the
Registrable Securities covered by the Shelf Registration Statement or any other Registration Statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an
Underwritten Offering or Overnight Underwritten Offering, the Managing Underwriter(s) shall reasonably request, except that Company will not be required to qualify generally to transact business in any jurisdiction where it is not then required to
so qualify or to take any action which would subject it to general service of process in any such jurisdiction where it is not then so subject; 

(d)    promptly notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered by
any of them under the Securities Act, of (i) the filing of the Shelf Registration Statement or any other Registration Statement contemplated by this Agreement or any prospectus or prospectus supplement to be used in connection therewith, or any
amendment or supplement thereto, and, with respect to such Shelf Registration Statement or any other Registration Statement contemplated by this Agreement, when the same has become effective; and (ii) the receipt of any written comments from
the SEC with respect to any filing referred to in clause (i) and any written request by the SEC for amendments or supplements to the Shelf Registration Statement or any other registration statement contemplated by this Agreement or any
prospectus or prospectus supplement thereto; 

  
 7 













 (e)    promptly notify each Selling Holder, at any time when a
prospectus relating thereto is required to be delivered under the Securities Act, of (i) the happening of any event as a result of which, the prospectus or prospectus supplement contained in the Shelf Registration Statement or any other
Registration Statement contemplated by this Agreement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading; (ii) the issuance or threat of issuance by the SEC of any stop order suspending the effectiveness of the Shelf Registration Statement or any other Registration Statement
contemplated by this Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by Company of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the
applicable securities or blue sky laws of any jurisdiction. Following the provision of such notice, Company agrees to as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the
prospectus or prospectus supplement does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, in the light of the circumstances
then existing, and to take such other commercially reasonable action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; 

(f)    upon request, furnish to each Selling Holder copies of any and all transmittal letters or other correspondence
with the SEC or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such offering of Registrable Securities; 

(g)    in connection with an Underwritten Offering or Overnight Underwritten Offering, use commercially reasonable
efforts to furnish upon request and addressed to the underwriters and to the Selling Holders on the date that shares of Registrable Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters,
(i) an opinion of counsel for Company, and (ii) a “comfort letter” signed by the independent public accountants (and, if applicable, independent reserve engineers) who have certified Company’s financial statements included
or incorporated by reference into the applicable Registration Statement, and each of the opinion and the “comfort letter” shall be in customary form and covering substantially the same matters with respect to such Registration Statement
(and the prospectus and any prospectus supplement included therein) as are customarily covered in opinions of issuer’s counsel and in accountants’ (and, if applicable, independent reserve engineers’) letters delivered to the
underwriters in Underwritten Offerings or Overnight Underwritten Offerings of securities, and such other matters as such underwriters or Selling Holders may reasonably request; 

(h)    otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the SEC,
and make available to its security holders (which may be satisfied by making such information available on the SEC’s Electronic Data Gathering, Analysis and Retrieval system or any successor system known as “EDGAR”), as soon as
reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder; 

(i)    make available to the appropriate representatives of the Managing Underwriter(s) and Selling Holders access to
such information and Company personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided that the Company need not disclose any
non-public information to any such representative unless and until such representative has entered into a customary confidentiality agreement with the Company; 

(j)    use its commercially reasonable efforts to cause all such Registrable Securities covered by such Shelf
Registration Statement to be listed on each securities exchange or nationally recognized quotation system on which the Class A Common Stock are then listed or quoted; 

(k)    use its commercially reasonable efforts to cause the Registrable Securities to be registered with or approved by
such other governmental agencies or authorities as may be necessary by virtue of the business and operations of Company to enable the Selling Holders to consummate the disposition of such Registrable Securities; 

(l)    provide a transfer agent and registrar for all Registrable Securities covered by such Shelf Registration Statement
not later than the effective date of such Shelf Registration Statement; 
 (m)    enter into customary agreements and
take such other actions as are reasonably requested by the underwriters, if any, in order to expedite or facilitate the disposition of such Registrable Securities; 

  
 8 













 (n)    if reasonably required by Company’s transfer agent, use
commercially reasonable efforts to promptly deliver any customary authorizations, certificates and directions required by the transfer agent which authorize and direct the transfer agent to transfer such Registrable Securities without legend, in
accordance with applicable law, upon sale by the Holder of such Registrable Securities under the Registration Statement; 

(o)    if any Selling Holder could reasonably be deemed to be an “underwriter,” as defined in
Section 2(a)(11) of the Securities Act, in connection with the registration statement in respect of any registration of Registrable Securities of such Selling Holder pursuant to this Agreement, and any amendment or supplement thereof (any such
registration statement or amendment or supplement, a “Selling Holder Underwriter Registration Statement”), then, until the Effectiveness Period ends, (i) cooperate with such Selling Holder in allowing such Selling Holder to
conduct customary “underwriter’s due diligence” with respect to Company and satisfy its obligations in respect thereof; (ii) until the Effectiveness Period ends, at any Selling Holder request, furnish to such Selling Holder, on
the date of the effectiveness of any Selling Holder Underwriter Registration Statement and thereafter no more often than on a quarterly basis, (A) a letter, dated such date, from Company’s independent certified public accountants (and, if
applicable, independent reserve engineers) in form and substance as is customarily given by independent certified public accountants (and, if applicable, independent reserve engineers) to underwriters in an underwritten public offering, addressed to
such Selling Holder, (B) an opinion, dated as of such date, of counsel representing Company for purposes of such Selling Holder Underwriter Registration Statement, in form, scope and substance as is customarily given in an underwritten public
offering, including a standard “10b-5” opinion for such offering, addressed to such Selling Holder and (C) a standard officer’s certificate from the Chief Executive Officer and Chief
Financial Officer of Company addressed to such Selling Holder; and (iii) permit legal counsel of such Selling Holder to review and comment upon any Selling Holder Underwriter Registration Statement at least three Business Days prior to its
filing with the SEC and all amendments and supplements to any such Selling Holder Underwriter Registration Statement within a reasonable number of days prior to their filing with the SEC and not file any Selling Holder Underwriter Registration
Statement or amendment or supplement thereto in a form to which such Selling Holder’s legal counsel reasonably objects; 

(p)    each Selling Holder, upon receipt of notice from Company of the happening of any event of the kind described in
subsection (e) of this Section 2.04, shall forthwith discontinue disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus
contemplated by subsection (e) of this Section 2.04 or until it is advised in writing by Company that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings
incorporated by reference in the prospectus, and, if so directed by Company, such Selling Holder will, or will request the Managing Underwriter(s), if any, to deliver to Company (at Company’s expense) all copies in their possession or control,
other than permanent file copies then in such Selling Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice; and 

(q)    if requested by a Selling Holder, (i) as soon as practicable incorporate in a prospectus supplement or
post-effective amendment such information as such Selling Holder reasonably requests to be included therein relating to the sale and distribution of Registrable Securities, including information with respect to the number of Registrable Securities
being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering; (ii) as soon as practicable make all required filings of such prospectus supplement or
post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) as soon as practicable, supplement or make amendments to any Registration Statement. 

Notwithstanding anything to the contrary in this Section 2.04, Company will not name a Holder as an underwriter (as
defined in Section 2(a)(11) of the Securities Act) in any Registration Statement or Selling Holder Underwriter Registration Statement, as applicable, without such Holder’s consent. If the Company determines, upon advice of counsel, that
Company is required to name any Holder as an underwriter (as defined in Section 2(a)(11) of the Securities Act), and such Holder does not consent thereto, then such Holder’s Registrable Securities shall not be included on the applicable
Registration Statement and Company shall have no further obligations hereunder with respect to Registrable Securities held by such Holder with respect to such Registration Statement or Selling Holder Registration Statement unless such Holder has not
had an opportunity to conduct customary underwriter’s due diligence as set forth in Section 2.04(o) with respect to Company at the time such Holder’s consent is sought. 

Section 2.05    Cooperation by Holders. Company shall have no obligation to include Registrable Securities of
a Holder in any Registration Statement or Underwritten Offering if such Holder has failed to timely furnish such information which Company determines, after consultation with counsel, is reasonably required for any registration statement or
prospectus supplement thereto, as applicable, to comply with the Securities Act. 

  
 9 













 Section 2.06    Restrictions on Public Sale by Holders of
Registrable Securities. Each Holder of Registrable Securities who is included in the Shelf Registration Statement agrees not to effect any public sale or distribution of the Registrable Securities for a period of up to 90 days following
completion of an Underwritten Offering or Overnight Underwritten Offering of Equity Securities by Company; provided that (i) Company gives written notice to such Holder of the date of the commencement and termination of such period with
respect to any such Underwritten Offering or Overnight Underwritten Offering and (ii) the duration of the foregoing restrictions shall be no longer than the duration of the shortest restriction generally imposed by the underwriters of such
public sale or distribution on Company or on the officers or directors or any other Affiliate of Company on whom a restriction is imposed. 

Section 2.07    Expenses. 

(a)    Certain Definitions. The term “Registration Expenses” means all expenses incident to
Company’s performance under or compliance with this Agreement to effect the registration of Registrable Securities on the Shelf Registration Statement, an Underwritten Offering or Overnight Underwritten Offering covered under this Agreement,
and/or the disposition of such Registrable Securities, including, without limitation, all registration, filing, securities exchange listing and NYSE fees, all registration, filing, qualification and other fees and expenses of complying with
securities or blue sky laws, fees of the Financial Industry Regulatory Authority, Inc., all word processing, duplicating and printing expenses, and the fees and disbursements of counsel and independent public accountants for Company, including the
expenses of any special audits or “cold comfort” letters required by or incident to such performance and compliance; provided, however, that “Registration Expenses” shall not include any Selling Expenses. The term
“Selling Expenses” means all (i) transfer taxes allocable to the sale of the Registrable Securities; (ii) fees and expenses of counsel engaged by the Holders and (iii) commissions and discounts of brokers, dealers and
underwriters. 
 (b)    Expenses. Company will pay all Registration Expenses as determined in good faith,
including, in the case of an Underwritten Offering or Overnight Underwritten Offering, whether or not any sale is made pursuant to the Shelf Registration Statement. Each Selling Holder shall pay its pro rata share of all Selling Expenses in
connection with any sale of Registrable Securities hereunder. 
 Section 2.08    Indemnification. 

(a)    By Company. In the event of a registration of any Registrable Securities under the Securities Act
pursuant to this Agreement, to the extent permitted by applicable law, Company will indemnify and hold harmless each Selling Holder thereunder, its Affiliates that own Registrable Securities and their respective directors and officers and each
underwriter pursuant to the applicable underwriting agreement with such underwriter and each Person, if any, who controls such Selling Holder or underwriter within the meaning of the Securities Act and the Exchange Act and its directors and officers
(collectively, the “Selling Holder Indemnified Persons”), against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’, accountants’ and experts’ fees and expenses) (collectively,
“Losses”), joint or several, to which such Selling Holder or underwriter or controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact contained in (which, for the avoidance of doubt, includes documents incorporated by reference in) the
Shelf Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus, free writing prospectus or final prospectus contained therein, or any amendment or supplement thereof, or arise out of or
are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances under which they were made)
not misleading or arise out of or are based upon a Selling Holder being deemed to be an “underwriter,” as defined in Section 2(a)(11) of the Securities Act, in connection with the registration statement in respect of any registration
of Company’s securities, and will reimburse each such Selling Holder Indemnified Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings;
provided, however, that Company will not be liable in any such case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in
strict conformity with information furnished by or on behalf of such Selling Holder Indemnified Person in writing specifically for use in the Shelf Registration Statement or such other registration statement or any prospectus contained therein or
any amendment or supplement thereof. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such director, officer or controlling Person, and shall survive the transfer
of such securities by such Selling Holder. 

  
 10 













 (b)    By Each Selling Holder. Each Selling Holder agrees
severally and not jointly to indemnify and hold harmless Company, its directors, officers, employees and agents and each Person, if any, who controls Company within the meaning of the Securities Act or of the Exchange Act against any Losses to the
same extent as the foregoing indemnity from Company to the Selling Holders, but only with respect to information regarding such Selling Holder furnished in writing by or on behalf of such Selling Holder expressly for inclusion in the Shelf
Registration Statement or any prospectus contained therein or any amendment or supplement thereof relating to the Registrable Securities; provided, however, that the liability of each Selling Holder shall not be greater in amount than
the dollar amount of the proceeds received by such Selling Holder from the sale of the Registrable Securities giving rise to such indemnification. 

(c)    Notice. Promptly after receipt by an indemnified party hereunder of notice of the commencement of
any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing thereof, but such indemnified party’s failure to so notify the indemnifying
party shall not relieve the indemnifying party from any liability which it may have to any indemnified party other than under this Section 2.08. The indemnifying party shall be entitled to participate in and, to the extent
it shall wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to such indemnified party of its election so to assume and undertake the defense
thereof, the indemnifying party shall not be liable to such indemnified party under this Section 2.08 for any legal expenses subsequently incurred by such indemnified party in connection with the defense thereof other than
reasonable costs of investigation and of liaison with counsel so selected; provided, however, that, (i) if the indemnifying party has failed to assume the defense and employ counsel reasonably acceptable to the indemnified party
or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that
are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the
right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the reasonable expenses and fees of one such separate counsel (firm) and other reasonable expenses related to such
participation to be reimbursed by the indemnifying party as incurred. Notwithstanding any other provision of this Agreement, no indemnified party shall settle any action brought against it with respect to which it is entitled to indemnification
hereunder without the consent of the indemnifying party, unless the settlement thereof imposes no liability or obligation on, and includes a complete and unconditional release from all liability of, the indemnifying party. 

(d)    Contribution. If the indemnification provided for in this
Section 2.08 is held by a court or government agency of competent jurisdiction to be unavailable to Company or any Selling Holder or is insufficient to hold it harmless in respect of any Losses, then each such indemnifying
party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such Losses as between Company, on the one hand, and such Selling Holder, on the other hand, in such
proportion as is appropriate to reflect the relative fault of Company, on the one hand, and of such Selling Holder, on the other, in connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable
considerations; provided, however, that in no event shall such Selling Holder be required to contribute an aggregate amount in excess of the dollar amount of proceeds received by such Selling Holder from the sale of Registrable
Securities giving rise to such indemnification. The relative fault of Company, on the one hand, and each Selling Holder, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a
material fact or the omission or alleged omission to state a material fact has been made by, or relates to, information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission. The parties hereto agree that it would not be just and equitable if contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation which does not take
account of the equitable considerations referred to in the first sentence of this paragraph. The amount paid by an indemnified party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal
and other expenses reasonably incurred by such indemnified party in connection with investigating or defending any Loss which is the subject of this paragraph. No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation. 

(e)    Other Indemnification. The provisions of this Section 2.08 shall be in
addition to any other rights to indemnification or contribution which an indemnified party may have pursuant to law, equity, contract or otherwise. 

Section 2.09    Rule 144 Reporting. With a view to making available the benefits of certain
rules and regulations of the SEC that may permit the sale of the Registrable Securities to the public without registration, Company agrees to use its reasonable best efforts to: 

(a)    make and keep public information regarding Company available, as those terms are understood and defined in Rule
144 (or any successor rule or regulation to Rule 144 then in force) of the Securities Act, at all times from and after the date of this Agreement; 

  
 11 













 (b)    file with the SEC in a timely manner all reports and other
documents required of Company under the Securities Act and the Exchange Act at all times from and after the date of this Agreement; 

(c)    so long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon request a copy of the
most recent annual or quarterly report of Company, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the SEC allowing such Holder to sell any such securities without
registration; and 
 (d)    take such further action as any Holder may reasonably request, all to the extent required
from time to time to enable the Holders to sell Registrable Securities without registration under the Securities Act within the limitations of the exemption provided by Rule 144 (or any successor rule or regulation to Rule 144 then in force) under
the Securities Act. 
 Section 2.10    Transfer or Assignment of Registration Rights. The rights to cause
Company to include Registrable Securities in a Shelf Registration Statement may be transferred or assigned by any Holder to one or more transferee(s) or assignee(s) of such Registrable Securities; provided that (a) Company is given
written notice prior to any said transfer or assignment, stating the name and address of each such transferee and identifying the securities with respect to which such registration rights are being transferred or assigned, (b) each such
transferee or assignee assumes in writing responsibility for its portion of the obligations of such Holder under this Agreement by executing a Joinder in the form attached hereto as Exhibit A (the “Joinder”) and (c) unless any
such transferee or assignee is an Affiliate of such Bounty Stockholder and after such transfer or assignment continues to be an Affiliate of such Holder, the amount of Registrable Securities transferred or assigned to such transferee or assignee
shall represent all of the Registrable Securities held by such Bounty Stockholder. 

Section 2.11    Information by Holder. Any Holder or Holders of Registrable Securities included in any
Registration Statement shall promptly furnish to Company such information regarding such Holder or Holders and the distribution proposed by such Holder or Holders as Company may reasonably request and as shall be required in connection with any
registration, qualification or compliance referred to herein. 
 Section 2.12    Limitation on Subsequent
Registration Rights. From and after the date of this Agreement, Company shall not, without the prior written consent of the Holders, enter into any agreement with any current or future holder of any securities of Company that would allow such
current or future holder to require Company to include securities in any Piggyback Offering by Company for its own account on a basis that is superior in any material respect to the Piggyback Offering rights granted to the Holders pursuant to
Section 2.02 of this Agreement. 
 ARTICLE III 

MISCELLANEOUS 

Section 3.01    Communications. All notices or other communications which are required or permitted hereunder
shall be in writing and shall be deemed to have been given if (a) personally delivered, (b) sent by nationally recognized overnight courier, (c) sent by registered or certified mail, postage prepaid, return receipt requested, or
(d) sent by email. Such notices and other communications must be sent to the following addresses or email addresses: 
 if to Company to: 

Bounty Minerals, Inc. 
 777 Main Street, Suite 3400 

Fort Worth, Texas 76102 
 Attention: Tracie Porter 

Email: tracie@bntyinv.comwith a copy to: 
 Kirkland &
Ellis LLP 
 609 Main St. #4500 
 Houston, TX 

	Attention:	 Sean Wheeler, P.C. 



	 	Debbie	 Yee, P.C. 



	 	Anne	 Peetz 



	Email:	 sean.wheeler@kirkland.com 



	 	debbie.yee@kirkland.com	 



	 	anne.peetz@kirkland.com	 



  
 12 













 or to such other address or email address as the party to whom notice is to be given may have furnished to
such other party in writing in accordance herewith. Any such communication shall be deemed to have been received (a) when delivered, if personally delivered, (b) the next Business Day after delivery, if sent by nationally recognized,
overnight courier, (c) on the second Business Day following the date on which the piece of mail containing such communication is posted, if sent by first-class mail or (d) on the date sent, if sent by email during normal business hours of
the recipient or on the next Business Day, if sent by email after normal business hours of the recipient. 

Section 3.02    Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the
permitted successors and assigns of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein. 

Section 3.03    Assignment of Rights. All or any portion of the rights and obligations of the Holders under
this Agreement may be transferred or assigned by the Holders only in accordance with Section 2.10 of this Agreement. 

Section 3.04    Specific Performance. Damages in the event of breach of this Agreement by a party hereto may
be difficult, if not impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable relief in any court
of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction or competence of
the court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity which such Person may have. 

Section 3.05    Recapitalization, Exchanges, Etc. Affecting the Class A Common
Stock. The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all shares of capital stock of Company or any successor or assign of Company (whether by merger, consolidation, sale of assets
or otherwise) which may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, recapitalizations and the like occurring after the date of this Agreement. 

Section 3.06    Counterparts. This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature or other electronic means and in any number of counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. 

Section 3.07    Headings. The headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning hereof. 
 Section 3.08    Governing Law. This Agreement is governed
by and construed and enforced in accordance with the laws of the State of Delaware, without giving effect to any conflicts of law principles that would result in the application of any law other than the law of the State of Delaware. 

Section 3.09    Jurisdiction. Each of the parties irrevocably agrees that any legal action or proceeding with
respect to this Agreement and the rights and obligations arising hereunder shall be brought and determined exclusively in the Court of Chancery of the State of Delaware or, if such Court does not have subject matter jurisdiction, to the Superior
Court of the State of Delaware or, if jurisdiction is vested exclusively in the Federal courts of the United States, the Federal courts of the United States sitting in the State of Delaware, and any appellate court from any such state or Federal
court. Each of the parties hereby irrevocably and unconditionally agrees that all claims with respect to any such claim shall be heard and determined in such Delaware court or in such Federal court, as applicable. The parties agree that a final
judgment in any such claim is conclusive and may be enforced in any other jurisdiction by suit on the judgment or in any other manner provided by law. 

Section 3.10    WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED,
EACH PARTY HEREBY IRREVOCABLY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM, DEMAND, ACTION OR CAUSE OF


  
 13 













 
ACTION ARISING IN WHOLE OR IN PART UNDER, RELATED TO, BASED ON, OR IN CONNECTION WITH, THIS AGREEMENT OR THE SUBJECT MATTER HEREOF, WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER SOUNDING
IN TORT OR CONTRACT OR OTHERWISE. ANY PARTY MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 3.10 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

Section 3.11    Severability of Provisions. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of
such provision in any other jurisdiction. 
 Section 3.12    Entire Agreement. This Agreement is intended by
the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions,
promises, warranties or undertakings, other than those set forth or referred to herein with respect to the rights granted by Company set forth herein. This Agreement supersedes all prior agreements and understandings between the parties with respect
to such subject matter. 
 Section 3.13    Amendment. This Agreement may be amended only by means of a
written amendment signed by Company and the Holders of a majority of the then outstanding Registrable Securities. 

Section 3.14    No Presumption. In the event any claim is made by a party relating to any conflict, omission,
or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 

Section 3.15    Independent Nature of Each Holder’s Obligations. The obligations of each
Holder under this Agreement are several and not joint with the obligations of any other Holder, and no Holder shall be responsible in any way for the performance of the obligations of any other Holder under this Agreement. Nothing contained herein,
and no action taken by any Holder pursuant thereto, shall be deemed to constitute the Holders as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Holders are in any way acting in
concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Holder shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this
Agreement, and it shall not be necessary for any other Holder to be joined as an additional party in any proceeding for such purpose. 

Section 3.16    Termination of Registration Right. No Holder shall be entitled to exercise any right provided
for in this Agreement after the third anniversary of the date hereof (the “Termination Date”). 

Section 3.17    Further Assurances. Company and each of the Holders shall cooperate with each other and shall
take such further action and shall execute and deliver such further documents as may be reasonably requested by any other party in order to carry out the provisions and purposes of this Agreement. 

[Signature page follows] 

  
 14 













 IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date
first above written. 
  

			
	BOUNTY MINERALS, INC.
		
	By:	 	    
	Name:	 	
	Title:	 	
	
	[HOLDERS]
		
	By:	 	    
	Name:	 	
	Title:	 	


 Signature Page to Registration Rights Agreement 












 SCHEDULE I 

[●] 












 SCHEDULE II 

[●] 












 EXHIBIT A 

FORM OF JOINDER AGREEMENT 

[DATE] 
 The undersigned
hereby absolutely, unconditionally and irrevocably agrees to be bound by the terms and provisions of that certain Registration Rights Agreement, dated as of [●], by and among Bounty Minerals, Inc., a Delaware corporation, and the parties
listed on Schedule I thereto, and the Persons identified on Schedule II thereto who become party thereto from time to time (the “Registration Rights Agreement”), and to join in the Registration Rights Agreement as a Holder with the
same force and effect as if the undersigned were originally a party thereto. 
 [Signature Page Follows] 












 IN WITNESS WHEREOF, the undersigned has executed this Joinder Agreement as of [DATE].