Britney Spears' estranged husband Kevin Federline will make just $1 million from their marriage, according to reports.
The pair reached an agreement after a five-hour meeting in Los Angeles on Thursday, based on a prenuptial agreement signed before they married in September 2004.
According to newspaper reports, Federline has settled for a payout of just $1 million from Spears' estate, which is valued at anything between $50 million and $100 million.
The former couple also reached an agreement over custody of their two children, 18-month-old Sean Preston and six-month-old Jayden James. Spears is thought to have gained custody with Federline granted full visiting rights.
Spears appeared happy with the outcome of the talks--she grinned at photographers who caught up with her just hours after coming out of the meeting.
The agreement must be approved by a judge before their divorce is finalized.
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