STOCKHOLDERS' AGREEMENTStockholders' Agreement • June 15th, 2020 • Horizon Kinetics Asset Management LLC • 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."
