Document:

Exhibit 10.3

 

 

VOTING AND SUPPORT AGREEMENT

 

THIS VOTING AND SUPPORT AGREEMENT,
dated as of September 6, 2022 (the “Agreement”), between Sitio Royalties Corp., a Delaware corporation (“Parent”),
Source Energy Leasehold, LP, a Delaware limited partnership (“SEL”) and Permian Mineral Acquisitions, LP, a Delaware
limited partnership (“PMA” and together with SEL, each, a “Holder” and together, the “Holders”),
and Brigham Minerals, Inc., a Delaware corporation (the “Company”).

 

W I T N E S S E T H:

 

WHEREAS, Parent and the Company
have entered into an Agreement and Plan of Merger dated as of September 6, 2022 (as the same may be amended or supplemented from time
to time, the “Merger Agreement”), providing for, among other things, (i) the merger of a wholly owned subsidiary corporation
of Snapper Merger Sub I, Inc., a wholly owned subsidiary of Parent (“New Topco”), with and into Parent (the “Parent
Merger”), (iii) simultaneously with the Parent Merger, the merger of a wholly owned subsidiary of New Topco with and into the
Company (the “Company Merger”), and (iv) immediately following the Parent Merger and the Company Merger, the merger
of a wholly owned subsidiary limited liability company of Opco LP with and into Opco LLC;

 

WHEREAS, SEL is the Beneficial
Owner of 7,380,700 shares of Class C common stock, par value $0.0001 per share, of Parent (“Parent Class C Common Stock”
and, together with the Class A common stock, par value $0.0001 per share, of Parent (“Parent Class A Common Stock”),
“Parent Common Stock”) (such shares of Parent Class C Common Stock, the “SEL Shares”) and 7,380,700
units representing limited partner interests in Opco LP (the “SEL Opco LP Units”) (such SEL Opco LP Units, together
with the SEL Shares, the “SEL Securities”);

 

WHEREAS, PMA is the Beneficial
Owner of 5,554,420 shares of Parent Class C Common Stock (such shares of Parent Class C Common Stock, the “PMA Shares”
and collectively with the SEL Shares, the “Shares”) and 5,554,420 units representing limited partner interests in Opco
LP (the “PMA Opco LP Units” and collectively with the SEL Opco LP Units, the “Opco LP Units”) (such
Opco LP Units, together with the Shares, the “Securities”);

 

WHEREAS, concurrently with
the execution and delivery of the Merger Agreement, and as a condition and an inducement to Parent and the Company entering into the Merger
Agreement, each Holder is entering into this Agreement with respect to the Securities;

 

WHEREAS, Parent and the Company
desire that each Holder agree, and each Holder is willing to agree, subject to the limitations herein, not to Transfer any of its applicable
Securities and to vote its applicable Securities in a manner so as to facilitate consummation of the Mergers and the other transactions
contemplated by the Merger Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants, representations, warranties and agreements contained herein, and intending to be legally bound hereby, the parties
hereto agree as follows:

 

     

     

    

Article I

GENERAL

 

1.1             
Definitions. Capitalized terms used but not defined
herein shall have the meanings set forth in the Merger Agreement.

 

“Beneficially Own”
or “Beneficial Ownership” has the meaning assigned to such term in Rule 13d-3 under the Exchange Act, and a Person’s
beneficial ownership of securities shall be calculated in accordance with the provisions of such Rule (in each case, irrespective of whether
or not such Rule is actually applicable in such circumstance). For the avoidance of doubt, Beneficially Own and Beneficial Ownership shall
also include record ownership of securities.

 

“Beneficial Owners”
shall mean Persons who Beneficially Own the referenced securities.

 

“Transfer” means
(a) any direct or indirect offer, sale, lease, assignment, encumbrance, loan, pledge, grant of a security interest, hypothecation,
disposition or other similar transfer (by operation of law or otherwise), either voluntary or involuntary, or entry into any contract,
option or other arrangement or understanding with respect to any offer, sale, lease, assignment, encumbrance, loan, pledge, hypothecation,
disposition or other transfer (by operation of law or otherwise), of any Securities owned by Holder (whether beneficially or of record),
including in each case through the Transfer of any Person or any interest in any Person, (b) in respect of any capital stock or interest
in any capital stock, to enter into any swap or any other agreement, transaction or series of transactions that transfers to another,
in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery
of such securities, in cash or otherwise or (c) public announcement of any intention to effect any transaction specified in clause (a)
or (b).

 

Article II

AGREEMENT TO RETAIN SECURITIES

 

2.1             
Transfer and Encumbrance of Securities.

 

(a)              
Until the Termination Date (the “Lock-Up Period”), subject to the exceptions set forth herein, each Holder shall
not, with respect to any Securities Beneficially Owned by such Holder, Transfer any such Securities. During the Lock-Up Period, each Holder
shall not, with respect to any Securities Beneficially Owned by such Holder (A) deposit any such Securities into a voting trust or enter
into a voting agreement or arrangement with respect to such Securities or grant any proxy or power of attorney with respect thereto or
(B) take any action that would make any representation or warranty of such Holder contained herein untrue or incorrect or have the effect
of preventing or disabling such Holder from performing its obligations under the Agreement.

 

(b)              
The restrictions set forth in Section 2.1(a), shall not apply to:

 

(i)                
in the case of an entity, Transfers to a stockholder, partner, member or affiliate of such entity;

 

    2 

     

    

(ii)             
in the case of an individual, Transfers by gift to members of the individual’s immediate family (as defined below) or to
a trust, the beneficiary of which is a member of one of the individual’s immediate family, an affiliate of such person or to a charitable
organization;

 

(iii)           
in the case of an individual, Transfers by virtue of laws of descent and distribution upon death of the individual;

 

(iv)            
in the case of an individual, Transfers pursuant to a qualified domestic relations order;

 

(v)              
in the case of an entity, Transfers by virtue of the laws of the state of the entity’s organization and the entity’s
organizational documents upon dissolution of the entity; or

 

(vi)            
Transfers to the Company associated with (a) net withholding to satisfy tax withholding obligations or (b) net exercise to satisfy
exercise price obligations, in each case, for equity-based awards pursuant to the Company’s equity incentive plans or arrangements;

 

provided, however, that (A) in the case
of clauses (i) through (v), these permitted transferees must enter into a written agreement, in substantially the form of this Agreement
(it being understood that any references to “immediate family” in the agreement executed by such transferee shall expressly
refer only to the immediate family of a Holder and not to the immediate family of the transferee), agreeing to be bound by these Transfer
restrictions. For purposes of this paragraph, “immediate family” shall mean a spouse, domestic partner, child, grandchild
or other lineal descendant (including by adoption), father, mother, brother or sister of the undersigned; and “affiliate”
shall have the meaning set forth in Rule 405 under the Securities Act of 1933, as amended.

 

2.2             
Additional Purchases; Adjustments. Each Holder
agrees that any shares of Parent Common Stock or Opco LP Units and any other shares of capital stock or other equity securities of Parent
or Opco LP that such Holder purchases or otherwise acquires or with respect to which such Holder otherwise acquires voting power after
the execution of this Agreement and prior to the expiration of the Lock-Up Period shall be subject to the terms and conditions of this
Agreement to the same extent as if such shares of capital stock or other equity securities constituted Securities as of the date hereof.
In the event of any stock split, stock dividend, merger, reorganization, recapitalization, reclassification, combination, exchange of
shares or the like of the capital stock of the Parent affecting the Securities, the terms of this Agreement shall apply to the resulting
securities.

 

2.3             
Unpermitted Transfers; Involuntary Transfers.
Any Transfer or attempted Transfer of any Securities in violation of this Article II shall, to the fullest extent permitted
by Law, be null and void ab initio. In furtherance of the foregoing, each Holder hereby authorizes and instructs Parent to instruct its
transfer agent to enter a stop transfer order with respect to all of the Securities. If any involuntary Transfer of any of a Holder’s
Securities shall occur, the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of
the initial transferee) shall take and hold such Securities subject to all of the restrictions, liabilities and rights under this Agreement,
which shall continue in full force and effect until valid termination of this Agreement.

 

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Article III

AGREEMENT TO VOTE; WRITTEN CONSENT

 

3.1             
Agreement to Vote. From the date of this Agreement
until the Termination Date, each Holder irrevocably and unconditionally agrees that, at any meeting of the stockholders of Parent (whether
annual or special and whether or not an adjourned or postponed meeting, however called), or in connection with any written consent of
the stockholders of Parent or unitholders of Opco LP, such Holder shall:

 

(a)              
appear at such meeting or otherwise cause the applicable Securities to be counted as present thereat for purpose of establishing
a quorum;

 

(b)              
vote (or execute and return an action by written consent), or cause to be voted at such meeting in person or by proxy (or validly
execute and return and cause such consent to be granted with respect to), all of the Holder’s applicable Securities owned as of
the record date for such meeting (or the date that any written consent is executed by the Holder) in favor of (i) adoption of the Merger
Agreement; (ii) the approval of the Parent Merger and the other Transactions; (iii) any amendment and/or restatement of the Organizational
Documents of Parent or any of its Subsidiaries necessary to effect the consummation of the Transactions as contemplated by the Merger
Agreement; and (iv) any other proposals agreed to by Parent and the Company which are necessary and appropriate in connection with the
Transactions or to effectuate the intent of the foregoing clauses (i) through (iii); and

 

(c)              
vote (or execute and return an action by written consent), or cause to be voted at such meeting in person or by proxy (or validly
execute and return and cause such consent to be granted with respect to), all of the Holder’s applicable Securities against (i) any
agreement, transaction or proposal that relates to a Parent Competing Proposal or any other transaction, proposal, agreement or action
made in opposition to adoption of the Merger Agreement or in competition or inconsistent with the Mergers or matters contemplated by the
Merger Agreement; (ii) any action or agreement that would result in a breach of any covenant, representation or warranty or any other
obligation or agreement of Parent or any of its Subsidiaries contained in the Merger Agreement or of the Holder contained in this Agreement;
(iii) any action or agreement that would reasonably be expected to result in (x) any condition to the consummation of the Mergers
set forth in Article VII of the Merger Agreement not being fulfilled or (y) any change to the voting rights of any class of
shares of capital stock of Parent (including any amendments to Parent’s Organizational Documents); and (iv) any other action
that could reasonably be expected to impede, interfere with, delay, discourage, postpone or adversely affect any of the transactions contemplated
by the Merger Agreement, including the Mergers, or this Agreement. Any attempt by the Holder to vote, consent or express dissent with
respect to (or otherwise to utilize the voting power of), the Holder’s applicable Securities in contravention of this Section 3.1
shall be null and void ab initio. If the Holder is the Beneficial Owner, but not the holder of record, of any Securities, the Holder agrees
to take all actions necessary to cause the holder of record and any nominees to vote (or exercise a consent with respect to) all of such
Securities in accordance with this Section 3.1.

 

    4 

     

    

Notwithstanding anything herein to the contrary
in this Agreement, this Section 3.1 shall not require any Holder to be present (in person or by proxy) or vote (or cause to
be voted), any of the applicable Securities to amend, modify or waive any provision of the Merger Agreement in a manner that reduces the
amount, changes the form of the Merger Consideration payable, extends the End Date or otherwise adversely affects such Holder of the Company
(in its capacity as such) in any material respect. Notwithstanding anything to the contrary in this Agreement each Holder shall remain
free to vote (or execute consents or proxies with respect to) the applicable Securities with respect to any matter other than as set forth
in Section 3.1(a) and Section 3.1(c) in any manner such Holder deems appropriate, including in connection with
the election of directors of the Company. The obligations of the Holder specified in this Section 3.1 shall apply whether
or not the Mergers or any action described above is recommended by the Parent Board.

 

3.2             
[Reserved.]

 

3.3             
[Reserved.]

 

3.4             
Agreement to Deliver Written Consent. Each Holder
irrevocably and unconditionally agrees that, promptly following the time at which the Registration Statement becomes effective (and, in
any event within one (1) Business Day), it shall cause the Written Consent to be executed and delivered to Parent with respect to the
applicable Securities as of the date thereof entitled to consent thereto.

 

3.5             
No Short Sales. Each Holder agrees that, from
the date of this Agreement to and including the termination of this Agreement, none of such Holder nor any person or entity acting on
behalf of such Holder or pursuant to any understanding with such Holder will engage in any Short Sales with respect to securities of Parent
or the Company. For the purposes hereof, “Short Sales” shall mean all “short sales” as defined in Rule 200 promulgated
under Regulation SHO under the Exchange Act, and all short positions effected through any direct or indirect stock pledges (other than
pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts, options, puts, calls, swaps
and similar arrangements (including on a total return basis), short or other short transactions through non-U.S. broker dealers or foreign
regulated brokers.

 

Article IV

ADDITIONAL AGREEMENTS

 

4.1             
[Reserved.]

 

4.2             
Further Assurances. Each Holder agrees that until
the Termination Date, such Holder shall and shall cause its Subsidiaries to take no action that would reasonably be likely to adversely
affect or delay the ability to perform its respective covenants and agreements under this Agreement.

 

4.3             
Fiduciary Duties. Each Holder is entering into
this Agreement solely in its capacity as the record or Beneficial Owner of the Securities and nothing herein is intended to or shall limit
or affect any actions taken by any of such Holder’s designees serving in his or her capacity as a director of Parent (or a Subsidiary
of Parent). The taking of any actions (or failures to act) by each Holder’s designees serving as a director of Parent (in such capacity
as a director) shall not be deemed to constitute a breach of this Agreement.

 

    5 

     

    

Article V

REPRESENTATIONS AND WARRANTIES OF HOLDER

 

5.1             
Representations and Warranties. Each Holder,
severally and not jointly, hereby represents and warrants as follows:

 

(a)              
Ownership. The Holder has, with respect to the Securities, and at all times during the term of this Agreement will continue
to have, Beneficial Ownership of, good and valid title to and full and exclusive power to vote, issue instructions with respect to the
matters set forth in Article III, agree to all of the matters set forth in this Agreement and to Transfer the Securities.
The Securities constitute all of the shares of Parent Common Stock and Opco LP Units owned of record or beneficially by the Holder as
of the date hereof. Other than this Agreement and except as set forth in the Organizational Documents of Opco LP, (i) there are no agreements
or arrangements of any kind, contingent or otherwise, to which the Holder is a party obligating the Holder to Transfer or cause to be
Transferred to any person any of the Securities and (ii) no Person has any contractual or other right or obligation to purchase or
otherwise acquire any of the Securities.

 

(b)              
Organization; Authority. As applicable to each Holder, SEL and PMA are each a limited partnership duly organized, validly
existing and in good standing under the Laws of its jurisdiction of formation. The Holder has full power and authority and is duly authorized
to make, enter into and carry out the terms of this Agreement and to perform its obligations hereunder. This Agreement has been duly and
validly executed and delivered by the Holder and (assuming due authorization, execution and delivery by the Company and Parent) constitutes
a valid and binding agreement of the Holder, enforceable against the Holder in accordance with its terms (except in all cases as such
enforceability may be limited by Creditors’ Rights), and no other action is necessary to authorize the execution and delivery by
the Holder or the performance of the Holder’s obligations hereunder.

 

(c)              
No Violation. The execution, delivery and performance by the Holder of this Agreement will not (i) violate any provision
of any Law applicable to the Holder; (ii) violate any order, judgment or decree applicable to the Holder or any of its affiliates;
or (iii) conflict with, or result in a breach or default under, any agreement or instrument to which the Holder or any of its affiliates
is a party or any term or condition of its certificate of formation, limited liability company agreement or comparable Organizational
Documents, as applicable, except where such conflict, breach or default would not reasonably be expected to, individually or in the aggregate,
have an adverse effect on the Holder’s ability to satisfy its obligations hereunder.

 

(d)              
Consents and Approvals. The execution and delivery by the Holder of this Agreement does not, and the performance of the
Holder’s obligations hereunder, require the Holder or any of its affiliates to obtain any consent, approval, authorization or permit
of, or to make any filing with or notification to, any person or Governmental Entity, except such filings and authorizations as may be
required under the Exchange Act.

 

    6 

     

    

(e)              
Absence of Litigation. To the knowledge of the Holder, as of the date hereof, there is no Proceeding pending against, or
threatened in writing against the Holder that would prevent the performance by the Holder of its obligations under this Agreement or to
consummate the transactions contemplated hereby or by the Merger Agreement, including the Mergers, on a timely basis.

 

(f)               
Absence of Other Voting Agreements. Other than pursuant to Permitted Encumbrances, none of the Securities is subject to
any voting trust, proxy or other agreement, arrangement or restriction with respect to voting, in each case, that is inconsistent with
this Agreement, except as contemplated by this Agreement. None of the Securities is subject to any pledge agreement pursuant to which
the Holder does not retain sole and exclusive voting rights with respect to the Securities subject to such pledge agreement at least until
the occurrence of an event of default under the related debt instrument.

 

Article VI

MISCELLANEOUS

 

6.1             
[Reserved.]

 

6.2             
No Ownership Interest. Nothing contained in this
Agreement shall be deemed to vest in the Company any direct or indirect ownership or incidence of ownership of or with respect to the
Securities. All rights, ownership and economic benefits of and relating to the Securities shall remain vested in and belong to each Holder,
as applicable, and the Company shall not have any authority to manage, direct, restrict, regulate, govern or administer any of the policies
or operations of Parent or exercise any power or authority to direct any Holder in the voting or disposition of any Securities, except
as otherwise expressly provided herein.

 

6.3             
Disclosure. Each Holder consents to and authorizes
the publication and disclosure by the Company and Parent of such Holder’s identity and holding of Securities, and the terms of this
Agreement (including, for avoidance of doubt, the disclosure of this Agreement), in any press release, the Registration Statement, including
the Joint Information Statement/Proxy Statement/Prospectus, as applicable, and any other disclosure document required in connection with
the Merger Agreement, the Mergers and the transactions contemplated by the Merger Agreement.

 

6.4             
Termination. This Agreement shall terminate at
the earliest of (i) the date the Merger Agreement is validly terminated in accordance with its terms, (ii) the Effective Time, (iii) an
amendment to the Merger Agreement without the prior written consent of each Holder that (A) reduces the consideration payable in
the Parent Merger, on a per share of Parent Common Stock basis, (B) changes the form of consideration payable in the Parent Merger to
the holders of Parent Common Stock, or (C) extends the outside date under the Merger Agreement (except if such extension is explicitly
provided for in, and effected pursuant to, the Merger Agreement) and (iv) mutual consent of the parties hereto (such date, the “Termination
Date”). Neither the provisions of this Section 6.4 nor the termination of this Agreement shall relieve (x) any party
hereto from any liability of such party to any other party incurred prior to such termination or (y) any party hereto from any liability
to any other party arising out of or in connection with a breach of this Agreement. Nothing in the Merger Agreement shall relieve a Holder
from any liability arising out of or in connection with a breach of this Agreement.

 

    7 

     

    

6.5             
Amendment. This Agreement may not be amended,
modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument in writing specifically designated
as an amendment hereto, signed on behalf of each of each Holder, Parent and the Company.

 

6.6             
[Reserved.]

 

6.7             
Extension; Waiver. At any time prior to the expiration
of the termination of this Agreement in accordance with Section 6.4, the parties may, to the extent legally allowed:

 

(a)              
extend the time for the performance of any of the obligations or acts of the other party hereunder;

 

(b)              
waive any inaccuracies in the representations and warranties of the other party contained herein or in any document delivered pursuant
hereto; or

 

(c)              
waive compliance with any of the agreements or conditions of the other party contained herein;

 

provided, that, in each
case, such waiver is made in writing and signed by the party (or parties) against whom the waiver is to be effective.

 

Notwithstanding the foregoing,
no failure or delay by the Company or Parent in exercising any right hereunder shall operate as a waiver thereof nor shall any single
or partial exercise thereof preclude any other or further exercise of any other right hereunder. No agreement on the part of a party to
any such extension or waiver shall be valid unless set forth in an instrument in writing signed on behalf of such party.

 

6.8             
Expenses. All fees and expenses incurred in connection
with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such fees or expenses, whether or not
the Mergers are consummated.

 

6.9             
Notices. All notices, requests and other communications
to any party under, or otherwise in connection with, this Agreement shall be in writing and shall be deemed to have been duly given (a) if
delivered in person; (b) if transmitted by electronic mail (“email”) (but only if confirmation of receipt of such
email is requested and received; provided, that each notice party shall use reasonable best efforts to confirm receipt of any such
email correspondence promptly upon receipt of such request); or (c) if transmitted by national overnight courier, in each case as
addressed as follows:

 

if to a Holder, to:

 

Source Energy Leasehold, LP

3333 WELBORN ST STE 400

Dallas, TX 75219-5155

Attention: Allen Li and Jordan Mikes

Email: ali@oaktreecapital.com; jmikes@oaktreecapital.com

 

    8 

     

    

and

 

Permian Mineral Acquisitions, LP 

3333 WELBORN ST STE 400 

Dallas, TX 75219-5155 

Attention: Allen Li and Jordan Mikes 

Email: ali@oaktreecapital.com; jmikes@oaktreecapital.com

 

and

 

if to Parent, to:

 

Sitio Royalties Corp.

1401 Lawrence Street, Suite 1750

Denver, CO 80202

Attention:Christopher L. Conoscenti

Brett Riesenfeld 

Email:        chris.conoscenti@sitio.com 

brett.riesenfeld@sitio.com

 

with a required copy to (which copy shall not constitute notice):

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, NY 10017

Attention:William H. Aaronson

Michael Gilson 

Email:        william.aaronson@davispolk.com 

michael.gilson@davispolk.com

 

and

 

if to the Company, to:

 

Brigham Minerals, Inc.

5914 W. Courtyard Dr., Suite 200

Austin, Texas 78730

Attention:Robert M. Roosa

Kari A. Potts 

Email:        rroosa@brighamminerals.com

kpotts@brighamminerals.com

 

with a required copy to (which copy shall not constitute notice):

 

    9 

     

    

Vinson & Elkins LLP

845 Texas Avenue, Suite 4700

Houston, Texas 77002

Attention:Douglas E. McWilliams

Lande Spottswood 

Email:       dmcwilliams@velaw.com

lspottswood@velaw.com

 

6.10         
No Partnership, Agency or Joint Venture. This
Agreement is intended to create, and creates, a contractual relationship and is not intended to create, and does not create, any agency,
partnership, joint venture, any like relationship between the parties hereto or a presumption that the parties are in any way acting in
concert or as a group with respect to the obligations or the transactions contemplated by this Agreement.

 

6.11         
Miscellaneous. The provisions set forth in Sections
9.4 (Rules of Construction), 9.5 (Counterparts), 9.6 (Entire Agreement; Third Party Beneficiaries), 9.7 (Governing Law; Venue; Waiver
of Jury Trial), 9.8 (No Remedy in Certain Circumstances), 9.9 (Assignment) and 9.11 (Specific Performance) of the Merger Agreement, as
in effect as of the date hereof, are hereby incorporated by reference into, and shall be deemed to apply to, this Agreement, mutatis
mutandis.

 

6.12         
Stockholder Related Parties. None of the provisions of this Agreement shall in any way limit the activities of Oaktree
Capital Management or any of its affiliates (other than the affiliate of Oaktree Capital Management that is a Holder and a party to this
Agreement (each, an “Oaktree Stockholder”)); provided, however, that it will be considered a breach of this Agreement
if any affiliate of an Oaktree Stockholder takes any action at the direction or instruction of such Oaktree Stockholder that would be
a breach of this Agreement if such action was taken directly by such Oaktree Stockholder.

 

[Signature Page Follows]

 

    10 

     

    

IN WITNESS WHEREOF, the parties
hereto, intending to be legally bound hereby, have executed or caused this Agreement to be executed in counterparts, all as of the day
and year first above written.

 

 

	 	SITIO ROYALTIES CORP.

	 	 	 
	 	 	 
	 	By:	/s/ Christopher
L. Conoscenti
	 	Name:	Christopher
L. Conoscenti
	 	Title:	Chief
Executive Officer

 

 

 

 

[Signature Page to Voting and Support Agreement]

 

 

     

     

    

 

	 	BRIGHAM
MINERALS, INC.

	 	 	 
	 	 	 
	 	By:	/s/ Kari
A. Potts
	 	Name:	Kari
A. Potts
	 	Title:	Vice President, General Counsel, Compliance
                                            Officer and Corporate Secretary

 

 

 

 

[Signature Page to Voting and Support Agreement]

 

 

     

     

    

 

 

	 	HOLDERS:
	 	 
	 	SOURCE
ENERGY LEASEHOLD, LP

	 	 
	 	By: Source Energy Operating, LP,

        its general partner

	 	 
	 	By: Source Energy Manager, LLC

        its general partner
	 	 	 
	 	 	 
	 	By:	/s/ Brandon Benson

	 	Name:	Brandon Benson 

	 	Title:	 Managing Partner

 

 

 

	 	PERMIAN
MINERAL ACQUISITIONS, LP

	 	 
	 	By: Permian Mineral Acquisitions GP, LLC,

       its general partne

	 	 	 
	 	By:	/s/ Brandon Benson 
	 	Name:	Brandon Benson 

	 	Title:	Managing Partner

 

 

 

 

[Signature Page to Voting and Support Agreement]Exhibit 4.1

 

Execution
Version

 

FIRST SUPPLEMENTAL INDENTURE

 

FIRST SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”) dated as of September 12, 2022, between MANDIANT, INC. (F/K/A FIREEYE, INC.), a Delaware corporation
(the “Company”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (as successor in interest to U.S. Bank National
Association), a national banking association, as trustee (the “Trustee”).

 

RECITALS OF THE COMPANY

 

WHEREAS, the Company and the Trustee are parties
to that certain Indenture, dated as of May 24, 2018 (the “Indenture”), pursuant to which the Company issued its
0.875% Convertible Senior Notes due 2024 (the “Notes”);

 

WHEREAS, the Company is a party to that certain
Agreement and Plan of Merger, dated as of March 7, 2022 (the “Merger Agreement”), by and among Google LLC, a Delaware
limited liability company (“Parent”), Dupin Inc. (“Merger Sub”), a Delaware corporation and a wholly
owned subsidiary of Parent, and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing
as the surviving corporation and as a wholly owned subsidiary of Parent (the “Merger”) and, subject to the terms and
conditions contained in the Merger Agreement, each share of common stock of the Company, par value $0.0001 per share (“Share”),
issued and outstanding prior to the effective time of the Merger will be cancelled and automatically converted into the right to receive
$23.00 in cash (the “Merger Consideration”);

 

WHEREAS, the Merger Consideration is to be paid
to each holder of Shares without interest and less any applicable withholding taxes;

 

WHEREAS, the Merger constitutes a Common Stock
Change Event, a Fundamental Change and a Make-Whole Fundamental Change pursuant to the Indenture;

 

WHEREAS, in connection with the foregoing, Section 14.07(a) of
the Indenture provides that the Company shall execute a supplemental indenture providing that each Note shall, without the consent of
any holders of Notes as permitted by Section 10.01(g), become convertible solely into Reference Property (as defined below); and

 

WHEREAS, all conditions for the execution and delivery
of this Supplemental Indenture have been complied with or have been done or performed.

 

NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE
WITNESSETH:

 

In consideration of the foregoing and for other
good and valuable consideration, receipt of which is hereby acknowledged, the Company and the Trustee agree as follows for the equal and
ratable benefit of the holders of the Notes:

 

     

     

    

 

ARTICLE 1

Definitions

 

Section 1.01.      General.
Capitalized terms used but not defined herein shall have the meanings assigned to them in the Indenture.

 

ARTICLE 2

Effect of Merger

 

Section 2.01.      Conversion
of Notes. In accordance with Sections 10.01(g) and 14.07(a) of the Indenture, from and after the date of this Supplemental
Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock shall be changed to a right to convert such principal
amount of Notes into the Merger Consideration that a holder of a number of Shares equal to the Conversion Rate immediately prior to the
Merger would have owned or been entitled to receive (the “Reference Property”), which Reference Property shall be cash
in an amount equal to $992.8341 per $1,000 principal amount of Notes (prior to giving effect to any adjustment to the Conversion Rate
in accordance with Section 14.03 of the Indenture), in accordance with the Indenture, at any time from, and including, the date that
the Merger becomes effective. The provisions of the Indenture, as modified herein, shall continue to apply, mutatis mutandis, to the holders’
right to convert the Notes into the Reference Property. For the avoidance of doubt, holders will not have the right to convert Notes into
shares of Common Stock or other securities of the Company.

 

ARTICLE 3

Miscellaneous Provisions

 

Section 3.01.      Effectiveness;
Construction. This Supplemental Indenture shall become effective upon its execution and delivery by the Company and the Trustee as
of the date hereof. Upon such effectiveness, the Indenture shall be supplemented in accordance herewith. This Supplemental Indenture shall
form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered under the
Indenture shall be bound thereby. The Indenture and this Supplemental Indenture shall henceforth be read and construed together.

 

Section 3.02.      Indenture
Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect.

 

Section 3.03.      Trustee
Matters. The Trustee accepts the Indenture, as supplemented hereby, and agrees to perform the same upon the terms and conditions set
forth therein, as supplemented hereby. The Trustee shall be entitled to the benefit of every provision of the Indenture relating to the
conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. The recitals contained
in this Supplemental Indenture shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness.
The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

 

    -2-

     

    

 

Section 3.04.      No
Third-Party Beneficiaries. Nothing in this Supplemental Indenture, expressed or implied, shall give to any Person, other than the
parties to the Indenture, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors under
the Indenture or the holders of the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented
hereby.

 

Section 3.05.      Severability.
In the event any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, then (to the extent permitted by
law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired.

 

Section 3.06.      Headings.
The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are
not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

 

Section 3.07.      Successors.
All agreements of the Company and the Trustee in this Supplemental Indenture shall bind their respective successors and assigns whether
so expressed or not.

 

Section 3.08.      Governing
Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF NEW YORK.

 

Section 3.09.      Counterpart
Signatures; Digital Signatures. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument. Any communication sent to Trustee under the Indenture that requires a signature must be in the form of a document that is signed manually
or by way of a digital signature provided by DocuSign (or such other digital signature provider as specified in writing to Trustee by
an authorized representative of the Company). The Company agrees to assume all risks arising out of its use of digital signatures and
electronic methods to submit communications to Trustee, including the risk of the Trustee acting on unauthorized instructions and the
risk of interception and misuse by third parties.

 

[Signature page follows]

 

    -3-

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Supplemental Indenture to be duly executed as of the date first written above.

 

	 	MANDIANT, INC.
	 	 
	 	 
	 	By:	/s/ Kevin Mandia
	 	 	Name: Kevin Mandia
	 	 	Title:  Chief Executive Officer

 

 

[Signature Page to Supplemental Indenture to 2024 Notes]

 

     

     

    

 

	 	U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee 
	 	 
	 	 
	 	By:	/s/ Andrew Fung
	 	 	Name: Andrew Fung
	 	 	Title: Vice President

 

 

[Signature Page to Supplemental Indenture to 2024 Notes]

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