Texas Pacific Land Corporation (TPL)

[Enterprising Investor]

Proposal 4 will most likely pass.

Pursuant to the Stockholders’ Agreement, the stockholder parties have agreed to vote all of the shares of Common Stock they beneficially own at each annual or special meeting of stockholders of the Company in accordance with the Board’s recommendations, subject to certain exceptions. The termination date of the Stockholders’ Agreement is immediately following the completion of the 2022 Annual Meeting, provided, however, that the respective obligations of the investor group shall survive until such time as neither Investor Group designee is serving on the Board.