SECURITIES PURCHASE AGREEMENT by and among PEP I HOLDINGS, LLC,Securities Purchase Agreement • February 12th, 2019 • Kimbell Royalty Partners, LP • Crude petroleum & natural gas • Delaware
This SECURITIES PURCHASE AGREEMENT (this “Agreement”), is dated as of February 6, 2019 (“Execution Date”), by and among PEP I Holdings, LLC, a Delaware limited liability company (“Phillips I Seller”), PEP II Holdings, LLC, a Delaware limited liability company (“Phillips II Seller”) and PEP III Holdings, LLC, a Delaware limited liability company (“Phillips III Seller” and together with Phillips I Seller and Phillips II Seller, each a “Seller” and collectively, the “Sellers”), Kimbell Royalty Partners, LP, a Delaware limited partnership (“KRP”), and Kimbell Royalty Operating, LLC, a Delaware limited liability company (“Opco” and together with KRP, each a “Purchaser” and collectively, the “Purchasers”). Each Seller and each Purchaser are sometimes referred to individually as a “Party” and collectively as the “Parties.”
