Texas Pacific Land Trust Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 27th, 2020 • Texas Pacific Land Trust • Oil royalty traders • Texas

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered on August 8, 2019 and effective as of July 1, 2019 (the “Effective Date”), by and between TEXAS PACIFIC LAND TRUST (the “Trust”) and SAMEER PARASNIS (“Employee”).

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CONTRIBUTION AGREEMENT between
Contribution Agreement • January 11th, 2021 • Texas Pacific Land Trust • Oil royalty traders • Texas

THIS CONTRIBUTION AGREEMENT (this “Agreement”) is entered into and effective as of 12:03 a.m. (Central Time) on January 11, 2021 (the “Effective Date”), between Texas Pacific Land Trust (the “Trust”) and Texas Pacific Land Corporation, a Delaware corporation and a wholly-owned subsidiary of the Trust (“TPL Corp”) (each, a “Party”, and collectively, the “Parties”).

STOCKHOLDERS’ AGREEMENT
Stockholders’ Agreement • June 15th, 2020 • Texas Pacific Land Trust • Oil royalty traders • Delaware

This STOCKHOLDERS’ AGREEMENT (this “Agreement”) is made and entered into as of June 11, 2020 (the “Effective Date”), by and among Texas Pacific Land Trust (the “Trust”), on the one hand, and Horizon Kinetics LLC (“Horizon Kinetics”) and Horizon Kinetics Asset Management LLC (together with Horizon Kinetics and collectively with their Affiliates, “Horizon”), SoftVest Advisors, LLC (“SoftVest Advisors”) and SoftVest, L.P. (together with SoftVest Advisors and collectively with their Affiliates “SoftVest”, and together with Horizon, the “Investor Group”), and Mission Advisors, LP (“Mission” and together with the Investor Group and its members, collectively, the “Stockholders”), on the other hand. The Trust and the Stockholders are each herein referred to as a “party” and collectively, the “parties.”

First Amendment to Settlement Agreement
Settlement Agreement • February 20th, 2020 • Texas Pacific Land Trust • Oil royalty traders • Texas

This First Amendment to Settlement Agreement, dated February 20, 2020 (this “Amendment”), is by and among Eric L. Oliver, SoftVest, L.P., SoftVest Advisors, LLC, Murray Stahl, Horizon Kinetics LLC, Horizon Kinetics Asset Management LLC (f/k/a Horizon Asset Management LLC), Allan R. Tessler, ART-FGT Family Partners Limited, and Tessler Family Limited Partnership (collectively, the “Investor Group”), on the one hand, and Texas Pacific Land Trust (the “Trust”), John R. Norris III and David E. Barry, on the other hand (each, a “Party” and collectively, the “Parties”).

FIRST AMENDMENT TO STOCKHOLDERS’ AGREEMENT
Stockholders’ Agreement • December 14th, 2020 • Texas Pacific Land Trust • Oil royalty traders • Delaware

This FIRST AMENDMENT TO STOCKHOLDERS’ AGREEMENT (this “Amendment”) is made and entered into as of December 14, 2020, by and among Texas Pacific Land Trust (the “Trust”), on the one hand, and Horizon Kinetics LLC (“Horizon Kinetics”) and Horizon Kinetics Asset Management LLC (together with Horizon Kinetics and collectively with their Affiliates, “Horizon”), SoftVest Advisors, LLC (“SoftVest Advisors”) and SoftVest, L.P. (together with SoftVest Advisors, their respective Affiliates and Horizon, the “Investor Group”), and Mission Advisors, LP (together with the Investor Group and its members, collectively, the “Stockholders”), on the other hand. The Trust and the Stockholders are each herein referred to as a “party” and collectively as the “parties.” Capitalized terms used but not defined herein shall have the meaning set forth in the Stockholders Agreement (as defined below) for such term.

FORM OF] INDEMNIFICATION AGREEMENT
Indemnification Agreement • June 30th, 2020 • Texas Pacific Land Trust • Oil royalty traders • Texas

This Indemnification Agreement (this “Agreement”) is entered into as of the 30th day of June, 2020, by and between Texas Pacific Land Trust (the “Trust”), and [●] (“Indemnitee”).

OPTION AGREEMENT
Option Agreement • March 16th, 2005 • Texas Pacific Land Trust • Real estate dealers (for their own account)

This Option Agreement is made this 7th day of December, 2004, at Dallas, Dallas County, Texas, by Texas Pacific Land Trust (“TPLT”), and Vaquero GP, LLC (“Vaquero”).

Settlement Agreement
Settlement Agreement • July 31st, 2019 • Texas Pacific Land Trust • Oil royalty traders • Texas

This Settlement Agreement, dated July 30, 2019 (including all exhibits hereto, this “Agreement”), is by and among the Investor Group (as defined below) on the one hand and Texas Pacific Land Trust (the “Trust” or “TPL”), John R. Norris III and David E. Barry (with Mr. Norris, the “Trustees”) on the other hand (each, a “Party”, and collectively, the “Parties”).

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • February 28th, 2019 • Texas Pacific Land Trust • Oil royalty traders • Texas

This Purchase and Sale Agreement (the “Agreement”) dated November 21, 2018, (“Execution Date”) is made by and between the Texas Pacific Land Trust (“Seller”) and WPX Energy Permian, LLC (“Purchaser”) for the purchase of Seller’s interest in certain real property and other interests in Loving and Reeves Counties, Texas. Also signing this Agreement is Republic Title of Texas, Inc. for the limited purposes set forth herein related thereto. Purchaser and Seller are referred to as the “Parties” or individually as a “Party.”

BY
Texas Pacific Land Trust • March 31st, 2003 • Real estate dealers (for their own account)
Second Amendment to Settlement Agreement
Settlement Agreement • March 6th, 2020 • Texas Pacific Land Trust • Oil royalty traders • Texas

This Second Amendment to Settlement Agreement, dated March 6, 2020 (this “Amendment”), is by and among Eric L. Oliver, SoftVest, L.P., SoftVest Advisors, LLC, Murray Stahl, Horizon Kinetics LLC, Horizon Kinetics Asset Management LLC (f/k/a Horizon Asset Management LLC), Allan R. Tessler, ART-FGT Family Partners Limited, and Tessler Family Limited Partnership (collectively, the “Investor Group”), on the one hand, and Texas Pacific Land Trust (the “Trust”), John R. Norris III and David E. Barry, on the other hand (each, a “Party” and collectively, the “Parties”).

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