Document:

EX-10.3

 Exhibit 10.3 

REMORA ROYALTIES, INC. 

2018 STOCK AND INCENTIVE PLAN 

I. INTRODUCTION 

1.1    Purposes. The purposes of the Remora Royalties, Inc. 2018 Stock and Incentive Plan (this
“Plan”) are (i) to align the interests of the Company’s stockholders and the recipients of awards under this Plan by increasing the proprietary interest of such recipients in the Company’s growth and success,
(ii) to advance the interests of the Company by attracting and retaining Non-Employee Directors, officers, other employees, consultants, independent contractors and agents, and (iii) to motivate such
persons to act in the long-term best interests of the Company and its stockholders. 

1.2    Certain Definitions. 

“Affiliate” shall mean any Subsidiary or any corporation, trade or business (including without
limitation, a partnership or limited liability company) that is directly or indirectly controlled (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) by the Company or one of its Affiliates, any other
entity in which the Company or any of its Affiliates has a material equity interest and that is designated as an Affiliate by the Committee or any managing member or general partner of a Subsidiary. 

“Agreement” means the written or electronic agreement evidencing an award under this Plan between the
Company and the recipient of such award. 
 “Board” means the Board of Directors of the Company. 

“Business Combination” has the meaning set forth in Section 6.8(b)(3). 

“Certificate of Designation” shall mean a certificate of designation establishing the powers,
preferences, economic rights and conditions to vesting of a series of LTIP Units. 
 “Change in
Control” has the meaning set forth in Section 6.8(b). 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Compensation Committee of the Board, or a subcommittee thereof, or such other
committee designated by the Board, in each case, consisting of two or more members of the Board, each of whom is intended to be (i) a “Non-Employee Director” within the meaning of Rule 16b-3 under the Exchange Act and (ii) “independent” within the meaning of the rules of the Nasdaq Global Market, or if the Common Stock is not listed on the Nasdaq Global Market, within the meaning of the
rules of the principal stock exchange on which the Common Stock is then traded. 
 “Common Stock”
means Class A common stock, par value $0.01 per share, of the Company, and all rights appurtenant thereto. 

“Company” means Remora Royalties, Inc., a Delaware corporation, or any successor thereto. 

“Company Voting Securities” has the meaning set forth in Section 6.8(b)(2).

 “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 “Fair Market Value” means the closing transaction price of a share of Common
Stock as reported on the Nasdaq Global Market on the date as of which such value is being determined, or if the Common Stock is not listed on the Nasdaq Global Market, the closing transaction price of a share of Common Stock on the principal
national stock exchange on which the Common Stock is traded on the date as of which such value is being determined, or if there are no reported transactions for such date, on the next preceding date for which transactions were reported;
provided, however, that if the Common Stock is not listed on a national stock exchange, or if Fair Market Value for any date cannot be so determined, Fair Market Value shall be determined by the Committee by whatever means or method as
the Committee, in the good faith exercise of its discretion, at such time deems appropriate and in compliance with Section 409A of the Code; provided, further, in the case of grants made in connection with the Initial Public
Offering, Fair Market Value shall mean the price per share at which shares of Common Stock are initially offered for sale to the public by the Company’s underwriters in the Initial Public Offering. 

“Free-Standing SAR” means an SAR that is not granted in tandem with, or by reference to, an option,
which entitles the holder of such SAR to receive, upon exercise, shares of Common Stock (which may be Restricted Stock), or to the extent set forth in the applicable Agreement, cash or a combination thereof, with an aggregate value equal to the
excess of the Fair Market Value of one share of Common Stock on the date of exercise over the base price of such SAR, multiplied by the number of such SARs that are exercised. 

“General Partner” means the general partner of the applicable OP. 

“Incentive Stock Option” means an option to purchase shares of Common Stock that meets the requirements
of Section 422 of the Code, or any successor provision, that is intended by the Committee to constitute an Incentive Stock Option. 

“Incumbent Directors” has the meaning set forth in Section 6.8(b)(1). 

“Initial Public Offering” means an initial public offering of the Company registered on Form S-1 (or any successor form under the Securities Act of 1933, as amended). 
 “LTIP
Unit” shall mean a long-term incentive plan interest in an OP created under an applicable Partnership Agreement which, under certain conditions, is convertible into OP Units. 

“LTIP Unit Award” shall mean an award of LTIP Units under this Plan. 

“Non-Employee Director” means any director of the Company who is
not an officer or employee of the Company or any Affiliate. 
 “Non-Qualifying
Transaction” has the meaning set forth in Section 6.8(b)(3). 

“Nonstatutory Stock Option” means an option to purchase shares of Common Stock that is not an Incentive
Stock Option. 
 “OP” means an operating partnership of the Company, which may be in the form of a
limited liability company taxed as partnership. 
 “OP Unit” shall mean a unit of partnership interest
in an OP. 

  
 2 

 “Other Stock Award” means an award granted in
accordance with Section 3.4 of the Plan. 
 “Partnership Agreement” shall
mean the Partnership Agreement or Limited Liability Company Agreement from the applicable OP, as same may be amended or restated from time to time, including any Certificate of Designation establishing the powers, preferences, economic rights and
conditions to vesting of a series of LTIP Units. 
 “Performance Award” means a right to receive an
amount of cash, Common Stock, or a combination of both, contingent upon the attainment of specified Performance Measures within a specified Performance Period. 

“Performance Measures” means the criteria and objectives, established by the Committee, that must be
satisfied or met (i) as a condition to the grant or exercisability of all or a portion of an option or SAR or (ii) during the applicable Restriction Period or Performance Period as a condition to the vesting of the holder’s interest,
in the case of a Restricted Stock Award, of the shares of Common Stock subject to such award or, in the case of a Restricted Stock Unit Award, Other Stock Award, Performance Award or LTIP Unit Award, to the holder’s receipt of the shares of
Common Stock subject to such award or of payment with respect to such award. Such criteria and objectives may include one or more of the following corporate-wide or affiliate, division, operating unit, line of business, project, geographic, or
individual measures: the attainment by a share of Common Stock of a specified Fair Market Value for a specified period of time; increase in stockholder value; earnings per share; return on or net assets; return on equity, return on investments;
return on capital or invested capital; total stockholder return; earnings or income of the Company before or after taxes and/or interest; earnings before interest, taxes, depreciation and amortization (“EBITDA”); EBITDA margin;
operating income; revenues; royalties; operating expenses; attainment of expense levels or cost reduction goals; market share; cash flow; cash flow per share; cash flow margin or free cash flow; interest expense; economic value created; gross profit
or margin; operating profit or margin; net cash provided by operations; price-to-earnings growth; and strategic business criteria, consisting of one or more objectives
based on meeting specified goals relating to market penetration, business expansion, cost targets, reductions in errors and omissions, reductions in lost business, management of employment practices and employee benefits, supervision of litigation,
supervision of information technology, quality and quality audit scores, efficiency, acquisitions or divestitures, production volumes or growth, proved reserves, reserve replacement, drill bit reserve replacement, exploration and development costs,
capital expenditures, finding and development costs, drill bit finding and development costs, operating costs (including, but not limited to, lease operating expenses, severance taxes and other production taxes, gathering and transportation and
other components of operating expenses), base operating costs, production costs, any other goal selected by the Committee (whether or not listed herein), or any combination of the foregoing. Each such goal may be expressed on an absolute or relative
basis and may include comparisons based on current internal targets, the past performance of the Company (including the performance of one or more affiliates, divisions, or operating units) or the past or current performance of other companies or
market indices (or a combination of such past and current performance). In addition to the ratios specifically enumerated above, performance goals may include comparisons relating to capital (including, but not limited to, the cost of capital),
shareholders’ equity, shares outstanding, assets or net assets, sales, or any combination thereof. The applicable performance measures may be applied on a pre- or
post-tax basis and may be adjusted to include or exclude components of any performance measure, including without limitation foreign exchange gains and losses, asset writedowns, acquisitions and divestitures,
change in fiscal year, unbudgeted capital expenditures, special charges such as restructuring or impairment charges, debt refinancing costs, extraordinary or noncash items, unusual, infrequently occurring, nonrecurring or one-time events affecting the Company or its financial statements, or changes in law or accounting principles (“Adjustment Events”). In the sole discretion of the Committee, the Committee may amend
or adjust the Performance Measures or other terms and conditions of an outstanding award in recognition of any Adjustment Events. Performance goals shall be subject to such other special rules and conditions as the Committee may establish at any
time. 

  
 3 

 “Performance Period” means any period designated by
the Committee during which (i) the Performance Measures applicable to an award are measured and (ii) the conditions to vesting applicable to an award remain in effect. 

“Restricted Stock” means shares of Common Stock that are subject to a Restriction Period and that may
additionally be subject to the attainment of specified Performance Measures within a specified Performance Period. 

“Restricted Stock Award” means an award of Restricted Stock under this Plan. 

“Restricted Stock Unit” means a right to receive one share of Common Stock, or in lieu thereof and to
the extent set forth in the applicable Agreement, the Fair Market Value of such share of Common Stock in cash, that is contingent upon the expiration of a specified Restriction Period and that may additionally be contingent upon the attainment of
specified Performance Measures within a specified Performance Period. 
 “Restricted Stock Unit Award”
means an award of Restricted Stock Units under this Plan. 
 “Restriction Period” means any period
designated by the Committee during which (i) the Common Stock subject to a Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated, or otherwise encumbered or disposed of, except as provided in this Plan or the
Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted Stock Unit Award or Other Stock Award remain in effect. 

“SAR” means a stock appreciation right, which may be a
Free-Standing SAR or a Tandem SAR. 
 “Stock Award” means a
Restricted Stock Award, Restricted Stock Unit Award, or Other Stock Award. 
 “Subsidiary” means any
corporation, limited liability company, partnership, joint venture, or similar entity in which the Company owns, directly or indirectly, an equity interest possessing more than 50% of the combined voting power of the total outstanding equity
interests of such entity. 
 “Substitute Award” means an award granted under this Plan upon the
assumption of, or in substitution for, outstanding equity awards previously granted by a company or other entity in connection with a corporate transaction, including a merger, combination, consolidation, or acquisition of property or stock;
provided, however, that in no event shall the term “Substitute Award” be construed to refer to an award made in connection with the cancellation and repricing of an option or SAR.  

“Surviving Corporation” has the meaning set forth in Section 6.8(b)(3). 

“Tandem SAR” means an SAR that is granted in tandem with, or by reference to, an option (including a
Nonstatutory Stock Option granted prior to the date of grant of the SAR), which entitles the holder of such SAR to receive, upon exercise of such SAR and surrender for cancellation of all or a portion of such option, shares of Common Stock (which
may be Restricted Stock), or to the extent set forth in the applicable Agreement, cash or a combination thereof, with an aggregate value equal to the excess of the Fair Market Value of one share of Common Stock on the date of exercise over the base
price of such SAR, multiplied by the number of shares of Common Stock subject to such option, or portion thereof, that is surrendered. 

  
 4 

 “Tax Date” has the meaning set forth in
Section 6.5. 
 “Ten Percent Holder” has the meaning set forth in
Section 2.1(a). 
 1.3    Administration. This Plan shall be administered by the
Committee. Any one or a combination of the following awards may be made under this Plan to eligible persons: (i) options to purchase shares of Common Stock in the form of Incentive Stock Options or Nonstatutory Stock Options; (ii) SARs in
the form of Tandem SARs or Free-Standing SARs; (iii) Stock Awards in the form of Restricted Stock, Restricted Stock Units or Other Stock Awards; (iv) Performance Awards; and (v) LTIP Units. The
Committee shall, subject to the terms of this Plan, select eligible persons for participation in this Plan and determine the form, amount, and timing of each award to such persons, and if applicable, the number of shares of Common Stock subject to
an award, the number of SARs, the number of Restricted Stock Units, the dollar value subject to a Performance Award, the number of LTIP Units, the purchase price or base price associated with the award, the time and conditions of exercise or
settlement of the award, and all other terms and conditions of the award, including without limitation the form of the Agreement evidencing the award. The Committee may, in its sole discretion and for any reason at any time, take action such that
(i) any or all outstanding options and SARs shall become exercisable in part or in full; (ii) all or a portion of the Restriction Period applicable to any outstanding awards shall lapse; (iii) all or a portion of the Performance
Period applicable to any outstanding awards shall lapse; and (iv) the Performance Measures (if any) applicable to any outstanding awards shall be deemed to be satisfied at the target, maximum, or any other level. The Committee shall,
subject to the terms of this Plan, interpret this Plan and the application of this Plan, establish rules and regulations it deems necessary or desirable for the administration of this Plan, and may impose, incidental to the grant of an award,
conditions with respect to the award, such as limiting competitive employment or other activities. All such interpretations, rules, regulations, and conditions shall be conclusive and binding on all parties. 

The Committee may delegate some or all of its power and authority under this Plan to the Board (or any members of the Board) or, subject to
applicable law, to a subcommittee of the Board, a member of the Board, the Chief Executive Officer, or other executive officer of the Company as the Committee deems appropriate, except that the Committee may not delegate its power and authority to a
member of the Board, the Chief Executive Officer, or other executive officer of the Company with regard to the selection for participation in this Plan of an officer, director, or other person subject to Section 16 of the Exchange Act or
decisions concerning the timing, pricing, or amount of an award to such an officer, director, or other person. 
 No member of the Board or
Committee, and neither the Chief Executive Officer nor any other executive officer to whom the Committee delegates any of its power and authority under this Plan, shall be liable for any act, omission, interpretation, construction, or determination
made in connection with this Plan in good faith, and the members of the Board and the Committee and the Chief Executive Officer or other executive officer shall be entitled to indemnification and reimbursement by the Company with respect to any
claim, loss, damage, or expense (including attorneys’ fees) arising therefrom to the full extent permitted by law (except as otherwise may be provided in the Company’s certificate of incorporation and/or bylaws) and under any
directors’ and officers’ liability insurance that may be in effect from time to time. 

1.4    Eligibility. Participants in this Plan shall consist of such officers, other employees, Non-Employee Directors, consultants, independent contractors, agents, and persons expected to become officers, other employees, Non-Employee Directors, consultants,
independent contractors, and agents of the Company and its Affiliates as the Committee in its sole discretion may select from time to time. The Committee’s 

  
 5 

 
selection of a person to participate in this Plan at any time shall not require the Committee to select such person to participate in this Plan at any other time. Except as otherwise provided for
in an Agreement, for purposes of this Plan, references to employment by the Company also mean employment by an Affiliate, and references to employment include service as a Non-Employee Director, consultant,
independent contractor, or agent. The Committee shall determine, in its sole discretion, the extent to which a participant shall be considered employed during an approved leave of absence. Notwithstanding anything in this Plan to the contrary, the
aggregate value of cash compensation and the grant date fair value of shares of Common Stock and LTIP Units that may be awarded or granted during any fiscal year of the Company to any Non-Employee Director
shall not exceed $[        ]. 
 1.5    Shares
Available. Subject to adjustment as provided in Section 6.7 and to all other limits set forth in this Plan,
[                ] shares of Common Stock shall initially be available for all awards under this Plan, other than Substitute Awards, all of which may be issued under the
Plan in connection with Incentive Stock Options. To the extent the Company grants an award under the Plan, the number of shares of Common Stock that remain available for future grants under the Plan shall be reduced by an amount equal to the number
of shares subject to such award. Each share of Common Stock into which an LTIP Unit Award may become convertible shall be treated as one share of Common Stock for purposes of this Section 1.5. 

To the extent that shares of Common Stock subject to an outstanding award granted under the Plan, other than Substitute Awards, are not issued
or delivered by reason of (i) the expiration, termination, cancellation, or forfeiture of such award (excluding shares subject to an option cancelled upon settlement in shares of a related Tandem SAR or shares subject to a Tandem SAR cancelled
upon exercise of a related option) or (ii) the settlement of such award in cash, then such shares of Common Stock shall again be available under this Plan. In addition, shares of Common Stock subject to an award under this Plan shall
again be available for issuance under this Plan if such shares are (x) shares that were subject to an option or stock-settled SAR and were not issued or delivered upon the net settlement or net exercise of such option or SAR or (y) shares
delivered to or withheld by the Company to pay the purchase price or the withholding taxes related to an outstanding award. Shares repurchased by the Company on the open market with the proceeds of an option exercise shall not again be available
under this Plan. 
 The number of shares of Common Stock available for awards under this Plan shall not be reduced by (i) the number of
shares of Common Stock subject to Substitute Awards or (ii) available shares under a stockholder-approved plan of a company or other entity that was a party to a corporate transaction with the Company (as appropriately adjusted to reflect such
corporate transaction) that become subject to awards granted under this Plan (subject to applicable stock exchange requirements). 
 Shares
of Common Stock to be delivered under this Plan shall be made available from (i) authorized and unissued shares of Common Stock, (ii) authorized and issued shares of Common Stock reacquired and held as treasury shares or otherwise, or
(iii) a combination of (A) authorized and unissued and (B) authorized and issued shares of Common Stock. 
 II. STOCK
OPTIONS AND STOCK APPRECIATION RIGHTS 
 2.1    Stock Options. The Committee may grant options to purchase
shares of Common Stock to such eligible persons as may be selected by the Committee; provided, however, that an option may only be granted to a participant to the extent the Common Stock constitutes “service recipient stock”
under Section 409A of the Code. Each option, or portion thereof, that is not an Incentive Stock Option shall be a Nonstatutory Stock Option. To the extent that the aggregate Fair Market Value (determined as of the date of grant) of shares of
Common Stock with respect to which options designated as Incentive Stock Options are exercisable for the first time by a holder during any calendar year (under this Plan or any other plan of the Company, or any parent or Subsidiary) exceeds the
amount (currently $100,000) established by the Code, such options shall constitute Nonstatutory Stock Options. 

  
 6 

 Options are subject to the following terms and conditions and may contain such additional
terms and conditions, not inconsistent with the terms of this Plan, as the Committee deems advisable: 

(a)    Number of Shares and Purchase Price. The number of shares of Common Stock subject to an option, and the
purchase price per share of Common Stock purchasable upon exercise of the option shall be determined by the Committee; provided, however, that the purchase price per share of Common Stock purchasable upon exercise of an option shall
not be less than 100% of the Fair Market Value of a share of Common Stock on the date of grant of such option; provided, further, that if an Incentive Stock Option shall be granted to any person who, at the time such option is granted,
owns capital stock possessing more than 10% of the total combined voting power of all classes of capital stock of the Company (or of any parent or Subsidiary) (a “Ten Percent Holder”), the purchase price per share of Common Stock
shall not be less than the price (currently 110% of Fair Market Value) required by the Code in order to constitute an Incentive Stock Option. 

Notwithstanding the foregoing, in the case of an option that is a Substitute Award, the purchase price per share of the shares subject to such
option may be less than 100% of the Fair Market Value per share on the date of grant, provided that the excess of: (a) the aggregate Fair Market Value (as of the date such Substitute Award is granted) of the shares subject to the Substitute
Award, over (b) the aggregate purchase price of the shares subject to the Substitute Award does not exceed the excess of: (x) the aggregate fair market value (as of the time immediately preceding the transaction giving rise to the
Substitute Award, such fair market value to be determined by the Committee) of the shares of the predecessor company or other entity that were subject to the grant assumed or substituted for by the Company, over (y) the aggregate purchase price
of such shares. 
 (b)    Option Period and Exercisability. The period during which an option may be exercised
shall be determined by the Committee; provided, however, that no option shall be exercised later than 10 years after its date of grant; provided, further, that if an Incentive Stock Option shall be granted to a Ten
Percent Holder, such option shall not be exercised later than five years after its date of grant. The Committee may, in its discretion, establish Performance Measures that must be satisfied or met as a condition to the grant of an option or to the
exercisability of all or a portion of an option. The Committee shall determine whether an option shall become exercisable in cumulative or non-cumulative installments and in part or in full at any time. An
exercisable option, or portion thereof, may be exercised only with respect to whole shares of Common Stock. 

(c)    Method of Exercise. An option may be exercised (i) by giving written notice to the Company specifying
the number of whole shares of Common Stock to be purchased and accompanying such notice with payment therefor in full (or arrangement made for such payment to the Company’s satisfaction) either (A) in cash; (B) by delivery (either
actual delivery or by attestation procedures established by the Company) of shares of Common Stock having a Fair Market Value, determined as of the date of exercise, equal to the aggregate purchase price payable by reason of such exercise;
(C) authorizing the Company to withhold whole shares of Common Stock that would otherwise be delivered having an aggregate Fair Market Value, determined as of the date of exercise, equal to the amount necessary to satisfy such obligation;
(D) in cash by a broker-dealer acceptable to the Company to whom the holder has submitted an irrevocable notice of exercise; or (E) a combination of (A), (B), and (C), in each case to the extent set forth in the Agreement relating to the
option; (ii) if applicable, by surrendering to the Company any Tandem SARs that are cancelled by reason of the exercise of the option; and (iii) by executing such documents as the Company may reasonably request. Any fraction of a share of
Common Stock that would be required to pay such purchase price shall be disregarded, and the remaining amount due shall be paid in 

  
 7 

 
cash by the holder. No shares of Common Stock shall be issued and no certificate representing Common Stock shall be delivered until the full purchase price therefor and any withholding taxes
thereon, as described in Section 6.5, have been paid (or arrangement made for such payment to the Company’s satisfaction). 

2.2    Stock Appreciation Rights. The Committee may grant SARs to such eligible persons as may be selected by the
Committee; provided, however, that an SAR may only be granted to a participant to the extent the Common Stock constitutes “service recipient stock” under Section 409A of the Code. The Agreement relating to an SAR shall
specify whether the SAR is a Tandem SAR or a Free-Standing SAR. 
 SARs are subject to the following terms and conditions and may contain
such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee deems advisable: 

(a)    Number of SARs and Base Price. The number of SARs subject to an award shall be determined by the Committee.
Any Tandem SAR related to an Incentive Stock Option shall be granted at the same time that such Incentive Stock Option is granted. The base price of a Tandem SAR shall be the purchase price per share of Common Stock of the related option. The base
price of a Free-Standing SAR shall be determined by the Committee; provided, however, that such base price shall not be less than 100% of the Fair Market Value of a share of Common Stock on the date of grant of such SAR (or if earlier,
the date of grant of the option for which the SAR is exchanged or substituted). 
 Notwithstanding the foregoing, in the case of an SAR that
is a Substitute Award, the base price per share of the shares subject to such SAR may be less than 100% of the Fair Market Value per share on the date of grant, provided that the excess of: (a) the aggregate Fair Market Value (as of the date
such Substitute Award is granted) of the shares subject to the Substitute Award, over (b) the aggregate base price of the shares subject to the Substitute Award does not exceed the excess of: (x) the aggregate fair market value (as of the
time immediately preceding the transaction giving rise to the Substitute Award, such fair market value to be determined by the Committee) of the shares of the predecessor company or other entity that were subject to the grant assumed or substituted
for by the Company, over (y) the aggregate base price of such shares. 
 (b)    Exercise Period and
Exercisability. The period for the exercise of an SAR shall be determined by the Committee; provided, however, that (i) no Tandem SAR shall be exercised later than the expiration, cancellation, forfeiture, or other termination
of the related option and (ii) no Free-Standing SAR shall be exercised later than 10 years after its date of grant. The Committee may, in its discretion, establish Performance Measures that must be satisfied or met as a condition to the grant
of an SAR or to the exercisability of all or a portion of an SAR. The Committee shall determine whether an SAR may be exercised in cumulative or non-cumulative installments and in part or in full at any time.
An exercisable SAR, or portion thereof, may be exercised, in the case of a Tandem SAR, only with respect to whole shares of Common Stock, and in the case of a Free-Standing SAR, only with respect to a whole
number of SARs. If an SAR is exercised for shares of Restricted Stock, a certificate or certificates representing such Restricted Stock shall be issued in accordance with Section 3.2(c), or such shares shall be transferred
to the holder in book entry form with restrictions on the shares duly noted, and the holder of such Restricted Stock shall have such rights of a stockholder of the Company as determined in accordance with Section 3.2(d).
Prior to the exercise of a stock-settled SAR, the holder of such SAR has no rights as a stockholder of the Company with respect to the shares of Common Stock subject to such SAR. 

(c)    Method of Exercise. A Tandem SAR may be exercised by (i) giving written notice to the Company
specifying the number of whole SARs that are being exercised, (ii) surrendering to the Company any options that are cancelled by reason of the exercise of the Tandem SAR, and (iii) executing such documents as the Company may reasonably
request. A Free-Standing SAR may be exercised by (A) giving 

  
 8 

 
written notice to the Company specifying the whole number of SARs that are being exercised and (B) executing such documents as the Company may reasonably request. No shares of Common Stock
shall be issued and no certificate representing Common Stock shall be delivered until any withholding taxes thereon, as described in Section 6.5, have been paid (or arrangement made for such payment to the Company’s
satisfaction). 
 2.3    Termination of Employment or Service. All of the terms relating to the exercise,
cancellation, or other disposition of an option or SAR (i) upon a termination of employment with or service to the Company of the holder of such option or SAR, as the case may be, whether by reason of disability, retirement, death, or any other
reason; or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth in the applicable Agreement. 

2.4    No Repricing. The Committee shall not, without the approval of the stockholders of the Company,
(i) reduce the purchase price or base price of any previously granted option or SAR, (ii) cancel any previously granted option or SAR in exchange for another option or SAR with a lower purchase price or base price, or (iii) cancel any
previously granted option or SAR in exchange for cash or another award if the purchase price of such option or the base price of such SAR exceeds the Fair Market Value of a share of Common Stock on the date of such cancellation, in each case, other
than in connection with a Change in Control or the adjustment provisions set forth in Section 6.7. 

2.5    No Dividend Equivalents. Notwithstanding anything in an Agreement to the contrary, the holder of an
option or SAR shall not be entitled to receive dividend equivalents with respect to the number of shares of Common Stock subject to such option or SAR. 

III. STOCK AWARDS 

3.1    Stock Awards. The Committee may grant Stock Awards to such eligible persons as may be
selected by the Committee. The Agreement relating to a Stock Award shall specify whether the Stock Award is a Restricted Stock Award, a Restricted Stock Unit Award, or in the case of an Other Stock Award, the type of award being granted. 

3.2    Terms of Restricted Stock Awards. Restricted Stock Awards are subject to the following terms and conditions
and may contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee deems advisable. 

(a)    Number of Shares and Other Terms. The number of shares of Common Stock subject to a Restricted Stock Award
and the Restriction Period, Performance Period (if any), and Performance Measures (if any) applicable to a Restricted Stock Award shall be determined by the Committee. 

(b)    Vesting and Forfeiture. The Agreement relating to a Restricted Stock Award shall provide, in the manner
determined by the Committee in its discretion, and subject to the provisions of this Plan, for the vesting of the shares of Common Stock subject to such award (i) if the holder of such award remains continuously in the employment of the Company
during the specified Restriction Period and (ii) if specified Performance Measures (if any) are satisfied or met during a specified Performance Period, and for the forfeiture of the shares of Common Stock subject to such award (x) if the
holder of such award does not remain continuously in the employment of the Company during the specified Restriction Period or (y) if specified Performance Measures (if any) are not satisfied or met during a specified Performance Period. 

(c)    Stock Issuance. During the Restriction Period, the shares of Restricted Stock shall be held by a custodian
in book entry form with restrictions on such shares duly noted, or alternatively, a certificate or certificates representing a Restricted Stock Award shall be registered in the holder’s name and may bear

  
 9 

 
a legend, in addition to any legend that may be required under Section 6.6, indicating that the ownership of the shares of Common Stock represented by such certificate
is subject to the restrictions, terms, and conditions of this Plan and the Agreement relating to the Restricted Stock Award. All such certificates shall be deposited with the Company, together with stock powers or other instruments of assignment
(including a power of attorney), each endorsed in blank with a guarantee of signature if deemed necessary or appropriate, which would permit transfer to the Company of all or a portion of the shares of Common Stock subject to the Restricted Stock
Award in the event such award is forfeited in whole or in part. Upon termination of any applicable Restriction Period (and the satisfaction or attainment of applicable Performance Measures), subject to the Company’s right to require payment of
any taxes in accordance with Section 6.5, the restrictions shall be removed from the requisite number of any shares of Common Stock that are held in book entry form, and all certificates evidencing ownership of the
requisite number of shares of Common Stock shall be delivered to the holder of such award. 
 (d)    Rights with
Respect to Restricted Stock Awards. Unless otherwise set forth in the Agreement relating to a Restricted Stock Award, and subject to the terms and conditions of a Restricted Stock Award, the holder of such award shall have all rights as a
stockholder of the Company, including, but not limited to, voting rights, the right to receive dividends, and the right to participate in any capital adjustment applicable to all holders of Common Stock; provided, however, that
(i) a distribution with respect to shares of Common Stock, other than a regular cash dividend, and (ii) a regular cash dividend with respect to shares of Common Stock that are subject to performance-based vesting conditions, in each case,
shall be deposited with the Company and be subject to the same restrictions as the shares of Common Stock with respect to which such distribution was made. 

3.3    Terms of Restricted Stock Unit Awards. Restricted Stock Unit Awards are subject to the following terms and
conditions and may contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee deems advisable. 

(a)    Number of Shares and Other Terms. The number of shares of Common Stock subject to a Restricted Stock Unit
Award, including the number of shares that are earned upon the attainment of any specified Performance Measures, and the Restriction Period, Performance Period (if any), and Performance Measures (if any) applicable to a Restricted Stock Unit Award
shall be determined by the Committee. 
 (b)    Vesting and Forfeiture. The Agreement relating to a Restricted
Stock Unit Award shall provide, in the manner determined by the Committee in its discretion, and subject to the provisions of this Plan, for the vesting of such Restricted Stock Unit Award (i) if the holder of such award remains continuously in
the employment of the Company during the specified Restriction Period and (ii) if specified Performance Measures (if any) are satisfied or met during a specified Performance Period, and for the forfeiture of the shares of Common Stock subject
to such award (x) if the holder of such award does not remain continuously in the employment of the Company during the specified Restriction Period or (y) if specified Performance Measures (if any) are not satisfied or met during a
specified Performance Period. 
 (c)    Settlement of Vested Restricted Stock Unit Awards. The Agreement relating
to a Restricted Stock Unit Award shall specify (i) whether such award may be settled in shares of Common Stock or cash or a combination thereof and (ii) whether the holder such Restricted Stock Unit Award shall be entitled to receive, on a
current or deferred basis, dividend equivalents, and if determined by the Committee, interest on, or the deemed reinvestment of, any deferred dividend equivalents, with respect to the number of shares of Common Stock subject to such award. Any
dividend equivalents with respect to Restricted Stock Units that are subject to performance-based vesting conditions shall be subject to the same restrictions as such Restricted Stock Units. Prior to the settlement of a Restricted Stock Unit Award,
the holder of such award has no rights as a stockholder of the Company with respect to the shares of Common Stock subject to such award. 

  
 10 

 3.4    Other Stock Awards. Subject to the limitations set
forth in the Plan, the Committee is authorized to grant other awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, shares of Common Stock, including without limitation shares
of Common Stock granted as a bonus and not subject to any vesting conditions, dividend equivalents, deferred stock units, stock purchase rights, and shares of Common Stock issued in lieu of obligations of the Company to pay cash under any
compensatory plan or arrangement, subject to such terms as shall be determined by the Committee. The Committee shall determine the terms and conditions of such awards, which may include the right to elective deferral of such awards, subject to
such terms and conditions as the Committee may specify in its discretion. Any dividends or dividend equivalents with respect to an Other Stock Award subject to performance-based vesting conditions shall be subject to the same restrictions as
such Other Stock Award. 
 3.5    Termination of Employment or Service. All of the terms relating to the
satisfaction of Performance Measures and the termination of the Restriction Period or Performance Period relating to a Stock Award, or any forfeiture and cancellation of such award (i) upon a termination of employment with or service to the
Company of the holder of such award, whether by reason of disability, retirement, death, or any other reason; or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth in the applicable Agreement. 

IV. PERFORMANCE AWARDS 

4.1    Performance Awards. The Committee may grant Performance Awards to such eligible persons as may be selected by
the Committee. 
 4.2    Terms of Performance Awards. Performance Awards are subject to the following terms
and conditions and may contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee deems advisable. 

(a)    Value of Performance Awards and Performance Measures. The method of determining the value of the Performance
Award and the Performance Measures and Performance Period applicable to a Performance Award shall be determined by the Committee. 

(b)    Vesting and Forfeiture. The Agreement relating to a Performance Award shall provide, in the manner
determined by the Committee in its discretion, and subject to the provisions of this Plan, for the vesting of such Performance Award if the specified Performance Measures are satisfied or met during the specified Performance Period and for the
forfeiture of such award if the specified Performance Measures are not satisfied or met during the specified Performance Period. 

(c)    Settlement of Vested Performance Awards. The Agreement relating to a Performance Award shall specify whether
such award may be settled in shares of Common Stock (including shares of Restricted Stock) or cash or a combination thereof. If a Performance Award is settled in shares of Restricted Stock, such shares of Restricted Stock shall be issued to the
holder in book entry form, or a certificate or certificates representing such Restricted Stock shall be issued in accordance with Section 3.2(c), and the holder of such Restricted Stock shall have such rights as a
stockholder of the Company as determined in accordance with Section 3.2(d). Any dividends or dividend equivalents with respect to a Performance Award shall be subject to the same restrictions as such Performance Award.
Prior to the settlement of a Performance Award in shares of Common Stock, including Restricted Stock, the holder of such award has no rights as a stockholder of the Company. 

  
 11 

 4.3    Termination of Employment or Service. All of the terms
relating to the satisfaction of Performance Measures and the termination of the Performance Period relating to a Performance Award, or any forfeiture and cancellation of such award (i) upon a termination of employment with or service to the
Company of the holder of such award, whether by reason of disability, retirement, death, or any other reason; or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth in the applicable Agreement. 

V. LTIP UNITS 

5.1    LTIP Units. Subject to the terms and provisions of the Plan, the Committee may grant LTIP Units to
participants at any time and from time to time and upon such terms and conditions as it may determine, including without limitation as an alternative to other awards. Each LTIP Unit under the Plan shall relate to a specified number of OP
Units. LTIP Units shall be convertible into OP Units once vested and in accordance with the other terms and conditions set forth in the applicable Partnership Agreement. OP Units into which LTIP Units are converted shall be exchangeable,
in whole or in part, for shares of Common Stock on a one-for-one basis or cash, as selected by the General Partner (or such other form of consideration equivalent in
value thereto as may be determined by the Committee in its sole discretion) at such time and on such terms as may be established by the Committee and in accordance with the applicable Partnership Agreement. 

5.2    Terms of LTIP Unit Awards. LTIP Unit Awards shall be subject to the following terms and conditions and
shall contain such additional terms and conditions, not inconsistent with the terms of this Plan, as the Committee shall deem advisable. 

(a)    Number of LTIP Units and Other Terms. The number of LTIP Units subject to a LTIP Unit Award, including the
number of LTIP Units that are earned upon the attainment of any specified Performance Measures, and the Restriction Period, Performance Period (if any) and Performance Measures (if any) applicable to a LTIP Unit Award shall be determined by the
Committee. 
 (b)    Vesting and Forfeiture. The Agreement relating to an LTIP Unit Award shall provide, in the
manner determined by the Committee, in its discretion, and subject to the provisions of this Plan, for the vesting of such LTIP Unit Award if the specified Performance Measures are satisfied or met during the specified Performance Period and for the
forfeiture of such award if the specified Performance Measures are not satisfied or met during the specified Performance Period. A Participant to whom LTIP Units are awarded shall have no rights as a holder of OP Units until such LTIP Units are
converted into OP Units, and shall have no rights as a stockholder with respect to the shares of Common Stock for which such OP Units may be exchanged unless and until so exchanged and shares are actually delivered to the participant in settlement
thereof. The right to distributions with respect to the LTIP Units shall be determined as set forth in the LTIP Unit Award Agreement and the applicable Partnership Agreement. 

5.3    Termination of Employment or Service. All of the terms relating to the satisfaction of Performance Measures
and the termination of the Restriction Period or Performance Period relating to an LTIP Unit Award, or any forfeiture and cancellation of such award (i) upon a termination of employment with or service to the Company of the holder of such
award, whether by reason of disability, retirement, death or any other reason, or (ii) during a paid or unpaid leave of absence, shall be determined by the Committee and set forth in the applicable award Agreement. 

  
 12 

 VI. GENERAL 

6.1    Effective Date and Term of
Plan. This Plan shall be submitted to the stockholders of the Company for approval and shall become effective as of the date of such stockholder approval. This Plan shall terminate as of the first annual meeting of the
Company’s stockholders to occur on or after the tenth anniversary of its effective date, unless terminated earlier by the Board. Termination of this Plan shall not affect the terms or conditions of any award granted prior to termination. 

Awards under this Plan may be made at any time prior to the termination of this Plan, provided that no Incentive Stock Option may be granted
later than 10 years after the date on which the Plan was approved by the Board. In the event that this Plan is not approved by the stockholders of the Company, this Plan and any awards under this Plan shall be void and of no force or effect. 

6.2    Amendments. The Board may amend this Plan as it deems advisable; provided, however, that no
amendment to the Plan shall be effective without the approval of the Company’s stockholders if (i) stockholder approval is required by applicable law, rule, or regulation, including any rule of the Nasdaq Global Market or any other stock
exchange on which the Common Stock is then traded; or (ii) such amendment seeks to modify the Non-Employee Director compensation limit set forth in Section 1.3 or the prohibition
on repricings set forth in Section 2.4; provided, further, that no amendment may materially impair the rights of a holder of an outstanding award without the consent of such holder. 

6.3    Agreement. Each award under this Plan shall be evidenced by an Agreement setting forth the terms and
conditions applicable to such award. No award shall be valid until an Agreement is executed by the Company, and to the extent required by the Company, executed or electronically accepted by the recipient of such award. Upon such execution or
acceptance and delivery of the Agreement to the Company within the time period specified by the Company, such award shall be effective as of the effective date set forth in the Agreement. 

6.4    Non-Transferability. No award shall be transferable other than by
will, the laws of descent and distribution, or under beneficiary designation procedures approved by the Company, or to the extent expressly permitted in the Agreement relating to such award, to the holder’s family members, a trust or entity
established by the holder for estate planning purposes, a charitable organization designated by the holder, a family limited partnership or similar entity established for the holder’s family members, or in accordance with domestic relations
order, in each case without consideration. Except to the extent permitted by the foregoing sentence or the Agreement relating to an award, each award may be exercised or settled during the holder’s lifetime by only the holder or the
holder’s legal representative or similar person. Except as permitted by the second preceding sentence, no award may be sold, transferred, assigned, pledged, hypothecated, encumbered, or otherwise disposed of (whether by operation of law or
otherwise) or be subject to execution, attachment, or similar process. Upon any attempt to so sell, transfer, assign, pledge, hypothecate, encumber, or otherwise dispose of any award, such award and all rights with respect to such award shall
immediately become null and void. 
 6.5    Tax Withholding. The Company has the right to require, prior to the
issuance or delivery of any shares of Common Stock or the payment of any cash under an award made under this Plan, payment by the holder of such award of any federal, state, local, or other taxes that may be required to be withheld or paid in
connection with such award. An Agreement may provide that the Company shall withhold whole shares of Common Stock that would otherwise be delivered to a holder, having an aggregate Fair Market Value determined as of the date the obligation to
withhold or pay taxes arises in connection with an award (the “Tax Date”), or withhold an amount of cash that would otherwise be payable to a holder, in the amount necessary to satisfy any such obligation; or the holder may satisfy
any such obligation by any of the following means: (A) a cash payment to the Company; (B) delivery (either actual delivery or by attestation procedures established by the Company) to the Company of previously owned whole shares of Common
Stock having an aggregate Fair Market Value, determined as of the Tax Date, equal to the amount necessary to satisfy any such obligation; (C) authorizing the Company to withhold whole shares of Common Stock that would otherwise be delivered
having an aggregate Fair Market Value, determined as of the Tax Date, 

  
 13 

 
or withhold an amount of cash that would otherwise be payable to a holder, in either case equal to the amount necessary to satisfy any such obligation; (D) in the case of the exercise of an
option, a cash payment by a broker-dealer acceptable to the Company to whom the holder has submitted an irrevocable notice of exercise; or (E) any combination of (A), (B), and (C), in each case to the extent set forth in the Agreement relating
to the award. Shares of Common Stock to be delivered or withheld may not have an aggregate Fair Market Value in excess of the amount determined by applying the minimum statutory withholding rate (or if permitted by the Company, such other rate as
will not cause adverse accounting consequences under the accounting rules then in effect, and is permitted under applicable IRS withholding rules). Any fraction of a share of Common Stock that would be required to satisfy such an obligation shall be
disregarded, and the remaining amount due shall be paid in cash by the holder. 
 6.6    Restrictions on Shares.
Each award made under this Plan shall be subject to the requirement that if at any time the Company determines that the listing, registration, or qualification of the shares of Common Stock subject to such award upon any securities exchange or under
any law, or the consent or approval of any governmental body, or the taking of any other action is necessary or desirable as a condition of, or in connection with, the delivery of shares in accordance with such award, such shares shall not be
delivered unless such listing, registration, qualification, consent, approval, or other action shall have been effected or obtained, free of any conditions not acceptable to the Company. The Company may require that certificates evidencing shares of
Common Stock delivered under any award made under this Plan bear a legend indicating that the sale, transfer, or other disposition of such award by the holder is prohibited except in compliance with the Securities Act of 1933, as amended, and the
rules and regulations thereunder. 
 6.7    Adjustment. In the event of any equity restructuring (within the
meaning of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation—Stock Compensation or any successor or replacement accounting standard) that causes the per share value of the Common Stock to change,
such as a stock dividend, stock split, spinoff, rights offering, or recapitalization through an extraordinary cash dividend, then the number and class of securities available under this Plan, the terms of each outstanding options and SAR (including
the number and class of securities subject to each outstanding option or SAR and the purchase price or base price per share), the terms of each outstanding Stock Award (including the number and class of securities subject thereto), and the terms of
each outstanding Performance Award (including the number and class of securities subject thereto, if applicable) and the terms of each outstanding LTIP Unit, shall be appropriately adjusted by the Committee, such adjustments to be made in the case
of outstanding options and SARs in accordance with Section 409A of the Code. In the event of any other change in corporate capitalization, including a merger, consolidation, reorganization, or partial or complete liquidation of the Company,
such equitable adjustments described in the foregoing sentence may be made as determined to be appropriate and equitable by the Committee to prevent dilution or enlargement of rights of holders. In either case, the decision of the Committee
regarding any such adjustment shall be final, binding, and conclusive. 
 6.8    Change in Control.  

(a)    Treatment. Subject to the terms of the applicable Agreements, in the event of a “Change in
Control,” the Board, as constituted prior to the Change in Control, may in its discretion: 
  

	 	(1)	 require that (i) some or all outstanding options and SARs shall become exercisable in full or in part,
either immediately or upon a subsequent termination of employment; (ii) the Restriction Period applicable to some or all outstanding awards shall lapse in full or in part, either immediately or upon a subsequent termination of employment;
(iii) the Performance Period applicable to some or all outstanding awards shall lapse in full or in part; and (iv) the Performance Measures applicable to some or all outstanding awards shall be deemed to be satisfied at the target,
maximum, or any other level; 

  
 14 

	 	(2)	 require that shares of capital stock of the corporation resulting from or succeeding to the business of the
Company pursuant to such Change in Control, or a parent corporation thereof, be substituted for some or all of the shares of Common Stock subject to an outstanding award, with an appropriate and equitable adjustment to such award as determined by
the Board in accordance with Section 6.7; and/or 

  

	 	(3)	 require outstanding awards, in whole or in part, to be surrendered to the Company by the holder and immediately
cancelled by the Company, and to provide for the holder to receive: 

 (i) a cash payment in an amount equal to
(A) in the case of an option or an SAR, the aggregate number of shares of Common Stock then subject to the portion of such option or SAR surrendered, whether or not vested or exercisable, multiplied by the excess, if any, of the Fair Market
Value of a share of Common Stock as of the date of the Change in Control, over the purchase price or base price per share of Common Stock subject to such option or SAR; (B) in the case of a Stock Award, a Performance Award or a LTIP Unit Award
denominated in shares of Common Stock, the number of shares of Common Stock then subject to the portion of such award surrendered to the extent the Performance Measures applicable to such award have been satisfied or are deemed satisfied in
accordance with Section 6.8(a)(1), whether or not vested, multiplied by the Fair Market Value of a share of Common Stock as of the date of the Change in Control; and (C) in the case of a Performance Award denominated
in cash, the value of the Performance Award then subject to the portion of such award surrendered to the extent the Performance Measures applicable to such award have been satisfied or are deemed satisfied in accordance with
Section 6.8(a)(1); 
 (ii) shares of capital stock of the corporation resulting from or succeeding to the business
of the Company pursuant to such Change in Control, or a parent corporation thereof, having a fair market value not less than the amount determined under clause (i) above; or 

(iii) a combination of the payment of cash in accordance with clause (i) above and the issuance of shares in accordance with clause
(ii) above. 
 (b)    Definition. For purposes of this Plan, “Change in Control” means the
occurrence of any one or more of the following events: 
  

	 	(1)	 During any 12-month period, individuals who, as of the beginning of
such period, constitute the Board (the “Incumbent Directors”) cease for any reason (other than in connection with a Non-Qualifying Transaction as defined in paragraph (3)) to constitute at
least a majority of the Board, provided that any person becoming a director subsequent to the beginning of such period whose election or nomination for election was approved by a vote of at least a majority of the Incumbent Directors then on the
Board (either by a specific vote or by approval of the proxy statement of the 

  
 15 

	 	
Company in which such person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; provided, however, that no individual
initially elected or nominated as a director of the Company as a result of an actual or publicly threatened election contest with respect to directors or as a result of any other actual or publicly threatened solicitation of proxies by or on behalf
of any person other than the Board shall be deemed to be an Incumbent Director; 

  

	 	(2)	 Any “person” (as such term is defined in the Exchange Act and as used in Sections 13(d)(3) and
14(d)(2) of the Exchange Act) is or becomes a “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of
the combined voting power of the Company’s then outstanding securities eligible to vote for the election of the Board (the “Company Voting Securities”); provided, however, that the event described in this
paragraph (2) shall not be deemed to be a Change in Control by virtue of any of the following acquisitions: (i) by the Company or any Affiliate; (ii) by any employee benefit plan (or related trust) sponsored or maintained by the
Company or any Affiliate; (iii) by any underwriter temporarily holding securities pursuant to an offering of such securities; (iv) pursuant to a Non-Qualifying Transaction, as defined in paragraph
(3), or (v) by any person of Company Voting Securities from the Company, if a majority of the Incumbent Directors approves in advance the acquisition of beneficial ownership of 50% or more of Company Voting Securities by such person;

  

	 	(3)	 The consummation of a merger, consolidation, statutory share exchange or similar form of corporate transaction
involving the Company or any of its Affiliates that requires the approval of the Company’s shareholders, whether for such transaction or the issuance of securities in the transaction (a “Business Combination”), unless
immediately following such Business Combination: (i) more than 50% of the total voting power of (A) the corporation resulting from such Business Combination (the “Surviving Corporation”), or (B) if applicable, the
ultimate parent corporation that directly or indirectly has beneficial ownership of 100% of the voting securities eligible to elect directors of the Surviving Corporation (the “Parent Corporation”), is represented by Company
Voting Securities that were outstanding immediately prior to such Business Combination (or, if applicable, is represented by shares into which such Company Voting Securities were converted pursuant to such Business Combination), and such voting
power among the holders thereof is in substantially the same proportion as the voting power of such Company Voting Securities among the holders thereof immediately prior to the Business Combination; and (ii) no person (other than any employee
benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation), is or becomes the beneficial owner, directly or indirectly, of 50% or more of the total voting power of the outstanding voting
securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) (any Business Combination which satisfies all the criteria specified in (i) and (ii) above shall be deemed to be
a “Non-Qualifying Transaction”); or 

  

	 	(4)	 The consummation of a sale of all or substantially all the Company’s assets or the shareholders of the
Company approve a plan of complete liquidation or dissolution of the Company. 

  
 16 

 In addition, for purposes of this Section 6.8(b) and except as
otherwise provided in an Agreement, “Company” includes (x) the Company, (y) the entity for whom a participant performs the services for which an award is granted, and (z) an entity that is a shareholder owning more than 50%
of the total fair market value and total voting power of the Company (a “Majority Shareholder”) or the entity identified in clause (y) above, or any entity in a chain of entities in which each entity is a Majority Shareholder
of another entity in the chain, ending in the Company or the entity identified in clause (y) above; provided further, that with respect to any nonqualified deferred compensation that becomes payable on account of the Change in
Control, the transaction or event described in clause (1), (2), (3), or (4) of this Section 6.8(b) also constitutes a “change in control event,” as defined in Treasury Regulation § 1.409A-3(i)(5), if required in order for the payment not to violate Section 409A of the Code. 

6.9    Deferrals. The Committee may determine that the delivery of shares of Common Stock, the payment of
cash, or a combination thereof, upon the settlement of all or a portion of any award made under this Plan shall be deferred, or the Committee may, in its sole discretion, approve deferral elections made by holders of awards. Deferrals shall be for
such periods and upon such terms as the Committee may determine in its sole discretion, subject to the requirements of Section 409A of the Code. 

6.10    No Right of Participation, Employment or Service. Unless otherwise
set forth in an employment agreement, no person shall have any right to participate in this Plan. Neither this Plan nor any award made under this Plan shall confer upon any person any right to continued employment by or service with the Company or
any Affiliate or affect in any manner the right of the Company or any Affiliate to terminate the employment or service of any person at any time without liability under this Plan. 

6.11    Rights as Stockholder. No person has any right as a stockholder of the Company with respect to any share of
Common Stock or other equity security of the Company that is subject to an award under the Plan unless and until such person becomes a stockholder of record with respect to such shares of Common Stock or equity security. 

6.12    Designation of Beneficiary. To the extent permitted by the Company, a holder of an award may file with the
Company a written designation of one or more persons as such holder’s beneficiary or beneficiaries (both primary and contingent) in the event of the holder’s death or incapacity. To the extent an outstanding option or SAR granted under
this Plan is exercisable, such beneficiary or beneficiaries shall be entitled to exercise such option or SAR pursuant to procedures prescribed by the Company. Each beneficiary designation shall become effective only when filed in writing with the
Company during the holder’s lifetime on a form prescribed by the Company. The spouse of a married holder domiciled in a community property jurisdiction shall join in any designation of a beneficiary other than such spouse. The filing with the
Company of a new beneficiary designation shall cancel all previously filed beneficiary designations. If a holder fails to designate a beneficiary, or if all designated beneficiaries of a holder predecease the holder, then each outstanding award held
by such holder, to the extent vested or exercisable, shall be payable to or may be exercised by such holder’s executor, administrator, legal representative, or similar person. 

6.13    Awards Subject to Clawback. The awards granted under this Plan and any cash payment or shares of
Common Stock delivered pursuant to an award are subject to forfeiture, recovery by the Company, or other action, in each case under the applicable Agreement or pursuant to any clawback or recoupment policy that the Company may adopt from time to
time, including without limitation any such policy that the Company may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing rules and regulations thereunder, or as otherwise required by law. 

6.14    Governing Law. This Plan, each award under this Plan and the related Agreement, and all
determinations made and actions taken pursuant thereto, to the extent not otherwise governed by the Code or the laws of the United States, shall be governed by the laws of the State of Delaware and construed in accordance therewith without giving
effect to principles of conflicts of laws. 

  
 17 

 6.15    Foreign Employees. Without amending this Plan, the
Committee may grant awards to eligible persons who are foreign nationals and/or reside outside of the United States on such terms and conditions different from those specified in this Plan as may in the judgment of the Committee be necessary or
desirable to foster and promote achievement of the purposes of this Plan, and in furtherance of such purposes, the Committee may make such modifications, amendments, procedures, subplans, and the like as may be necessary or advisable to comply with
provisions of laws in other countries or jurisdictions in which the Company or its Affiliates operates or has employees. 

  
 18EX-10.4

 Exhibit 10.4 

MANAGEMENT SERVICES AGREEMENT 

BY AND BETWEEN 
 REMORA
PETROLEUM, L.P., 
 REMORA ROYALTIES, INC., 

AND 
 REMORA HOLDINGS,
LLC 

 MANAGEMENT SERVICES AGREEMENT 

THIS MANAGEMENT SERVICES AGREEMENT (the “Agreement”) is entered into on, and effective as of, the Closing Date (as defined
herein), and is by and among REMORA PETROLEUM, L.P., a Texas limited partnership (“Remora”), REMORA ROYALTIES, INC., a Delaware corporation (“RRI”), and REMORA HOLDINGS, LLC, a Delaware limited liability company
(“Remora Holdings”). 
 WHEREAS, RRI is an owner, directly or indirectly, of the Business (as defined herein); 

WHEREAS, the RRI Group (as defined herein) requires certain services to operate the Business; and 

WHEREAS, the RRI Group desires to engage Remora to provide or cause to provide such services, and Remora desires to be engaged to provide or
cause to be provided such services described herein relating to the management of the Business. 
 NOW, THEREFORE, in consideration of the
mutual covenants herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto (each, a “Party”, and together, the “Parties”) agree as follows:

 ARTICLE I. 

DEFINITIONS 

1.1    Defined Terms. As used in this Agreement, the following terms shall have the respective meanings set forth below:

 “Acquisition” means any acquisition or divestiture or series of acquisitions or divestitures by the RRI Group of
(i) the interest in any company or business (whether by a purchase of assets, purchase of stock, merger or otherwise) or (ii) any mineral, royalty and overriding royalty interests in oil and natural gas properties, in each case acquired
after the date of this Agreement. 
 “Acquisition Information” means any and all information provided by or on behalf of
Remora to the RRI Group in the performance of the Services relating to potential Acquisitions. 
 “Acquisition Services”
means those Services in respect of potential and consummated Acquisitions. 
 “Affiliate” means, with respect to any
Person, any other Person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with the Person in question. As used herein, the term “control” means the possession,
direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. Notwithstanding anything in the foregoing and to the contrary,
for purposes of this Agreement, (a) Remora will not be deemed to be an Affiliate of the RRI Group hereunder, and vice versa and (b) no member of Remora Holdings will be deemed to be an Affiliate of Remora Holdings, and vice versa. 

“Agreement” has the meaning given such term in the above recitals. 

“Annual Budget” means the budget for RRI and Remora Holdings approved annually by the Board with respect to the Services.

 “Applicable Taxes” means any and all taxes arising from the Services, the assets of the RRI Group or otherwise in
connection with the activities described in this Agreement, including (a) property, ad valorem, and other similar taxes, (b) sales, use, severance, production, sales and use, excise, unclaimed property, and other similar taxes, and
(c) property transfer or gain, goods and services, registration, capital, documentary, stamp or transfer taxes, recording fees, and other similar taxes, including, in each case, any interest, penalties, additions to tax thereon; provided, that,
for the avoidance of doubt, “Applicable Taxes” shall not include any Income Taxes. 
 “Audit Right” has the
meaning given such term in Section 8.1. 

 “Board” means the Board of Directors of RRI. 

“Business” means the business of the RRI Group, which business shall include acquiring, managing, leasing, selling and
otherwise dealing with producing and non-producing mineral, royalty and overriding royalty interests in oil and natural gas properties. 

“Claim” has the meaning given such term in Section 5.1. 

“Class A Common Stock” means the Class A common stock of RRI, par value $0.01. 

“Closing Date” means the date of the closing of the initial public offering of Class A Common Stock by RRI. 

“Code” means the United States Internal Revenue Code of 1986, as amended and in effect from time to time. 

“Confidential Information” means all information in the nature of trade secrets or secret or proprietary information or
information that is otherwise confidential, the release of which may be damaging to any member of the RRI Group or Persons with whom any such member does business and shall include any information (a) furnished to Remora or its representatives
by or on behalf of any member of the RRI Group or (b) prepared by or at the direction of any member of the RRI Group (in each case irrespective of the form of communication and whether such information is furnished before, on or after the date
hereof), and all analyses, compilations, data, studies, notes, interpretations, memoranda or other documents prepared by Remora or its respective representatives containing or based in whole or in part on any such furnished information. 

“CP Index” has the meaning given such term in Section 4.1(a). 

“Default Rate” means an interest rate (which shall in no event be higher than the rate permitted by applicable Law) equal to
the prime interest rate of the principal lender of the RRI Group. 
 “Governmental Approvals” mean any material consent,
authorization, certificate, permit, right-of-way grant or approval of any Governmental Authority that is necessary for the operation of the Business and ownership of the
Properties in accordance with applicable Laws. 
 “Governmental Authority” means the United States, any foreign country,
state, county, city or other incorporated or unincorporated political subdivision, agency or instrumentality thereof. 
 “Income
Taxes” means any tax imposed on or with respect to net income or gross income, or any franchise or similar tax, including, in each case, any interest, penalties, and additions to tax thereon. 

“Indemnified Party” has the meaning given such term in Section 5.2. 

“Law” means any applicable constitutional provision, statute, act, code (including the Code), law, regulation, rule,
ordinance, order, decree, ruling, proclamation, resolution, judgment, decision, declaration or interpretative or advisory opinion or letter of a Governmental Authority having valid jurisdiction. 

“Liabilities” has the meaning given such term in Section 5.1. 

“LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of Remora Holdings, as in effect and
amended from time to time. 
 “Party” or “Parties” has the meaning given such terms in the above recitals.

 “Person” means an individual, corporation, partnership, joint venture, trust, limited liability company, unincorporated
organization or any other entity (but shall not include any Governmental Authority). 

  
 2 

 “Proceedings” means all proceedings, actions, claims, suits and notices of
investigations by or before any arbitrator or Governmental Authority. 
 “Properties” means the oil and natural gas assets
now owned or hereafter acquired by the RRI Group, including mineral interests, royalty interests and overriding royalty interests, including the RRI Assets. 

“Remora Indemnified Party” has the meaning given such term in Section 5.2. 

“Remora” has the meaning given such term in the above preamble. 

“Remora Holdings” has the meaning given such term in the above preamble. 

“RRI” has the meaning given such term in the above preamble. 

“RRI Assets” means the oil and natural gas mineral, royalty and overriding royalty interests, owned or leased by any member
of the RRI Group as of the Closing Date. 
 “RRI Group” means RRI and Remora Holdings and any Subsidiaries thereof. 

“RRI Indemnified Party” has the meaning given such term in Section 5.1. 

“Services” has the meaning given such term in Section 2.2. 

“Subsidiary” means, with respect to any Person, (a) a corporation of which more than 50% of the voting power of shares
entitled (without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the date of determination, by such Person, by one or more
Subsidiaries of such Person or a combination thereof; (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of determination, a general partner of such partnership, but only if such
Person, one or more Subsidiaries of such Person, or a combination thereof, controls such partnership on the date of determination; or (c) any other Person (other than a corporation or a partnership) in which such Person, one or more
Subsidiaries of such Person, or a combination thereof, directly or indirectly, at the date of determination, has (i) at least a majority ownership interest or (ii) the power to elect or direct the election of a majority of the directors or
other governing body of such Person. 
 “Tax Authority” means any Governmental Authority having jurisdiction over the
assessment, determination, collection or imposition of any Tax. 
 “Tax Return” means any report, return, election,
document, estimated tax filing, declaration or other filing provided to any Tax Authority, including any amendments thereto. 

“Term” means the period commencing with the Closing Date and ending on the date of termination of this Agreement pursuant to
Section 7.1. 
 “Third Party” means a Person other than a member of the RRI Group, Remora or
their respective Affiliates. 
 “Work Product” has the meaning given to such term in Section 6.3.

 1.2    Other Definitions. Words not otherwise defined herein that have well-known and generally accepted
technical or trade meanings in the oil and gas industry are used herein in accordance with such recognized meanings. 

1.3    Construction. Unless the context requires otherwise: (a) any pronoun used in this Agreement shall
include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (b) references to Articles and Sections refer to Articles and Sections of this Agreement;
(c) the terms “include,” “includes,” “including” and words of like import shall be deemed to be followed 

  
 3 

 
by the words “without limitation”; and (d) the terms “hereof,” “herein” and “hereunder” refer to this Agreement as a whole and not to any particular
provision of this Agreement. The headings contained in this Agreement are for reference purposes only, and shall not affect the meaning or interpretation of this Agreement. 

ARTICLE II. 

PROVISION OF SERVICES 

2.1    Engagement of Remora. Subject to the terms and conditions of this Agreement, RRI hereby engages Remora as an
independent contractor, and Remora hereby agrees to provide or, with the approval of RRI, cause another Person to provide, the RRI Group with certain Services as directed by RRI, and to provide personnel and any facilities, goods and equipment
necessary to perform the Services; provided, however, that the performance of the Services (or any part of the Services) by any such Person shall be treated as if Remora performed such Services itself. Notwithstanding the foregoing, nothing
contained herein shall relieve Remora of its obligations hereunder. 
 2.2    Scope of Services. The
“Services” shall consist of such services provided by Remora as RRI determines may be reasonable and necessary to operate the Business, including without limitation, those services described on Exhibit A.

 2.3    Exclusion of Services. RRI may temporarily or permanently exclude any particular service from the scope
of Services upon 45 days’ notice to Remora. 
 2.4    Appointment of Accounting Firm and Petroleum
Engineers. Notwithstanding anything to the contrary in this Agreement, the Parties hereby recognize and agree that RRI, with the approval of the Board, shall have the exclusive authority to appoint an independent accounting firm to audit the
financial statements of the RRI Group and independent petroleum engineers to provide reports to RRI relating to estimates of the RRI Group’s proved reserves associated with the Properties. 

2.5    Prohibited Activities. Remora shall not undertake any activity that would (a) violate any applicable
Law in any material respect that would result in adverse consequences for the RRI Group or (b) violate, in any material respect, any contracts, leases, orders, security instruments and other agreements to which, to Remora’s knowledge, a
member of the RRI Group is bound. 
 2.6    No comingling of Assets; Remittance of Amounts Collected. To the
extent Remora shall have charge or possession of any of the RRI Group’s assets in connection with the provision of the Services pursuant to this Agreement, Remora shall (a) hold such assets in the name and for the benefit of the
appropriate member of the RRI Group and (b) separately maintain, and not commingle, such assets with any assets of Remora or any other Person. Remora shall remit to the applicable member of the RRI Group any and all amounts collected with
respect to the Business within no later than 30 days of receipt of such amounts. 
 2.7    Authority of Remora.

 (a)    Subject to the terms of this Agreement, Remora shall have the discretion and responsibility to determine the
specific manner and means by which its employees, contractors, subcontractors, and other Persons acting on behalf of Remora perform the Services and the authority to control, oversee, and direct the performance and the details of the performance of
the Services by its employees, contractors, subcontractors, and other Persons acting on behalf of Remora, subject to Remora’s obligations under this Agreement. 

(b)    Without limiting the foregoing, Remora is not authorized hereunder to enter into or execute contracts, assignments,
certificates, applications, authorizations, regulatory filings, or other documents or instruments in RRI’s name; provided, however, that nothing herein shall preclude RRI, at its sole discretion, from appointing Remora as its agent or attorney-in-fact from time to time for the purpose of executing and delivering instruments in connection with the consummation of transactions relating to the Properties. 

  
 4 

 2.8    Access and Use of Properties. To the extent reasonably
necessary in order to provide the Services, the RRI Group shall provide Remora with reasonable access to the RRI Group’s properties and the RRI Group’s books and records with respect thereto, and shall reasonably cooperate with Remora to
provide any and all documents and take such actions reasonably requested by Remora to enable it to provide the Services. Remora is hereby granted the right to access and use the RRI Group’s properties, and any equipment, fixtures, and other
personal property thereon, for the purposes of providing the Services; provided, however, that any such access rights shall be exercised in a manner so as not to unreasonably interfere with the Business. 

2.9    Independent Status. It is expressly acknowledged by the Parties that Remora is an “independent
contractor” and nothing in this Agreement is intended nor shall be construed to create an employer/employee, joint venture or partnership relationship between the Parties, or to allow any Party to exercise control or direction over the other
Party. Except as required in connection with the performance of the Services, neither Remora nor any agent, employee, servant, contractor or subcontractor of Remora or any of its Affiliates shall have the authority to bind the RRI Group to any
contract, agreement or arrangement. The RRI Group shall not be liable for the salary, wages or benefits, including workers’ compensation insurance and unemployment insurance, of any employee, agent, servant, contractor or subcontractor of
Remora or its Affiliates by virtue of this Agreement. 
 2.10    Devotion of Time. Remora agrees to devote such
time as shall be reasonably necessary for it to perform the Services hereunder in accordance with the standard specified in Section 3.1. 

2.11    Maintenance of Qualified Staff and Personnel. Remora covenants and agrees that it will at all times retain
and have available to the RRI Group during the term of this Agreement a professional staff which will have adequate experience and competency to allow Remora to discharge properly its duties and functions hereunder in accordance with the standard
specified in Section 3.1, including engineers and other technical personnel, accountants and secretarial and clerical personnel. Remora shall employ reasonable efforts to maintain the number of personnel performing Services
hereunder at the optimum level and to keep them organized in a manner that will afford cost effective and efficient day-to-day operation, or the management thereof, of
the Business. 
 ARTICLE III. 

STANDARD OF CARE 

3.1    Standard of Performance. Remora shall provide the applicable Services (i) using at least the same level
of care, quality, prudence, timeliness and skill in providing the Services as it employs for itself and its Affiliates and no less than the same degree of care, quality, prudence, timeliness and skill as its respective past practice in performing
like services for itself and its Affiliates in connection with the ownership or operation of any part of the RRI Assets during the one (1) year period prior to the Closing Date, and (ii) in any event, (a) using that degree of care,
diligence and skill that a reasonably prudent Person involved in the Business would exercise, and (b) in compliance with all applicable Governmental Approvals and Laws. 

3.2    Procurement of Goods and Services. To the extent that Remora is permitted to arrange for contracts with
Third Parties for goods and services in connection with the provision of the Services, it shall use commercially reasonable efforts (i) to obtain such goods and services at rates competitive with those otherwise generally available in the area
in which services or materials are to be furnished, and (ii) to obtain from such Third Parties such customary warranties and guarantees as may be reasonably required with respect to the goods and services so furnished. 

3.3    Protection from Liens. Remora shall not permit any liens, encumbrances or charges upon or against any of the
Properties arising from the provision of Services or materials under this Agreement except as approved, or consented to, by RRI. 

3.4    Insurance. During the Term of this Agreement, Remora shall obtain and maintain from insurers, who are
reliable and acceptable to RRI and authorized to do business in the respective state or states or jurisdictions in which Services are to be performed by Remora, insurance coverage in the types and minimum limits as the Parties determine to be
appropriate and as is consistent with standard industry practice and Remora’s past practices. Remora agrees upon RRI’s request from time to time or at any time to provide RRI with certificates of insurance evidencing such insurance
coverage and, upon request of RRI, shall furnish copies of such policies. Except with respect to workers’ compensation coverage, the policies shall name RRI as an additional insured and shall contain waivers by the insurers of any and all
rights of subrogation to pursue any Claims or causes of action against each member of the 

  
 5 

 
RRI Group. The policies shall provide that they will not be cancelled or reduced without giving RRI at least 30 days’ prior written notice of such cancellation or reduction. The
insurance policies and coverages shall be reviewed with the Board at least annually, beginning with the first Board meeting following the Closing Date. 

3.5    Intellectual Property. 

(a)    If Remora uses or licenses intellectual property owned by Third Parties in the performance of the Services, Remora
shall obtain and maintain any such licenses and authorizations necessary to authorize its use of such intellectual property in connection with the Services. 

(b)    Any (i) inventions, whether patentable or not, developed or invented, or (ii) copyrightable material (and
the intangible rights of copyright therein) developed, in each case by Remora, its Affiliates or its or their employees in connection with the performance of the Services shall be the property of the RRI Group. Remora shall have no right or interest
in any such intellectual property, but may use such intellectual property to perform Services hereunder, all in accordance with the limitations, duties and obligations imposed by this Agreement. 

3.6    Competition. Subject to Article VI, and Remora’s obligation to perform the
Services in accordance with the standard specified in Section 3.1, Remora and its respective Affiliates are and shall be free to engage in any business activity whatsoever, including those activities that may be in direct
competition or conflict with the RRI Group. The RRI Group recognizes that Remora is not performing Services under this Agreement on an exclusive basis, and that employees of Remora may be providing similar services to others, including their
Affiliates. 
 ARTICLE IV. 

REMORA REIMBURSEMENT; CONTINUING OBLIGATIONS 

4.1    Remora Reimbursement. 

(a)    On or before the 25th day following the end of each calendar month, Remora Holdings shall pay Remora, with
respect to any Services provided by Remora, during such calendar month, the monthly service fee of $125,000 (the “Service Fee”). In addition to the Service Fee, Remora Holdings shall reimburse Remora on or before the 25th day
following the end of each calendar month, the costs and expenses incurred by Remora (and billed to Remora pursuant to Section 4.1(b)) that are directly attributable to the provision of the Services during such calendar
month, including costs for engaging Third Parties such as consultants, reservoir engineers, attorneys and accountants; provided, however that Remora shall not be entitled to any such costs and expenses exceeding the Annual Budget unless
approved by the Board. On January 1, 2019 and each January 1st thereafter, the Service Fee shall be increased by the percentage increase in the Consumer Price Index – All Urban Consumers, U.S. City Average, Not Seasonally Adjusted (the
“CP Index”). In making such adjustment, the Service Fee shall be increased by the CP Index for the prior year period based on the most recent information available from the U.S. Department of Labor. 

(b)    On or before the 15th day following the end of each calendar month, Remora shall provide Remora Holdings with
an invoice for the costs and expenses described in Section 4.1(a) relating to such calendar month. Remora’s invoices therefor shall each provide reasonably detailed documentation supporting such costs and expenses.

 (c)    In the event that this Agreement is terminated during a calendar month pursuant to
Section 7.2, the amount of the Service Fee for such calendar month shall be based upon the pro rata portion of the Service Fee that shall have accrued during such month up to and including the termination date. 

4.2    Taxes. 

(a)    The RRI Group shall be responsible for all Applicable Taxes imposed as a result of the RRI Group’s receipt of
Services under this Agreement, including any Taxes that the RRI Group is required to withhold or deduct from payments to Remora, except any Income Taxes imposed upon Remora. 

(b)    The RRI Group is liable for and will indemnify and hold harmless Remora from all Applicable Taxes assessed, levied
or imposed by any Tax Authority on the provision of Services by Remora to the RRI Group. Remora shall collect from the RRI Group any Applicable Tax that is due on the Services it provides to the RRI Group and shall pay such Applicable Taxes so
collected to the appropriate Tax Authority. 

  
 6 

 (c)    Subject to the terms of the LLC Agreement and the authority of
the Company Representative described therein, Remora shall (a) prepare and timely file (or cause to be prepared and timely filed) all Tax Returns relating to Applicable Taxes and shall timely pay (or cause to be timely paid) all Applicable
Taxes, in each case in accordance with applicable Law, and (b) be permitted to make, change, or revoke any tax election with respect to Applicable Taxes. The RRI Group and Remora shall cooperate in connection with the filing of such Tax
Returns, the payment of such Applicable Taxes, and the making, changing, or revoking of such tax elections. 
 (d)    If
Remora deems any Applicable Tax excessive or illegal, Remora may, and shall if requested by the RRI Group, contest or appeal any such Applicable Tax in accordance with any applicable Law regarding the same. If at any time payment of the contested
Applicable Tax shall become necessary to prevent the delivery of a tax lien or tax deed with respect to the assets of the RRI Group because of nonpayment or other adverse impact upon such assets, Remora shall pay the contested Applicable Tax, and
any interest or penalties or additions to tax thereon, in sufficient time to prevent the delivery of any tax deed or other adverse impact. 

(e)    Subject to Article 10 of the LLC Agreement, the Parties agree that (a) the Company Representative shall be
responsible for all matters with respect to Applicable Taxes of Remora Holdings, including the exclusive right and sole authority to act on behalf of Remora Holdings in any audit or tax-related proceeding, and
the responsibility to prepare, or cause to be prepared, all federal, state, and local tax returns required to be filed with respect to Remora Holdings and (b) to the extent Remora is given the responsibility over tax matters of Remora Holdings
pursuant to the terms of the Agreement, Remora shall act on behalf of, as an agent of, and subject to the authority of, the Company Representative in all respects. 

4.3    Disputed Charges. 

(a)    RRI MAY TAKE WRITTEN EXCEPTION TO ANY CHARGE INCLUDED IN SUCH INVOICE FROM REMORA ON THE GROUND THAT THE SAME WAS
NOT A REASONABLE COST OR EXPENSE INCURRED BY REMORA IN CONNECTION WITH THE PROVISION OF SERVICES. RRI SHALL NEVERTHELESS PAY REMORA IN FULL WHEN DUE THE INVOICED AMOUNT. SUCH PAYMENT SHALL NOT BE DEEMED A WAIVER OF THE RIGHT OF RRI TO RECOUP ANY
CONTESTED PORTION OF ANY AMOUNT SO PAID. HOWEVER, IF THE AMOUNT AS TO WHICH SUCH WRITTEN EXCEPTION IS TAKEN, OR ANY PART THEREOF, IS ULTIMATELY DETERMINED NOT TO HAVE BEEN PAYABLE TO REMORA IN CONNECTION WITH THE PROVISION OF SERVICES HEREUNDER,
SUCH AMOUNT OR PORTION THEREOF (AS THE CASE MAY BE) SHALL BE REFUNDED PROMPTLY BY REMORA TO RRI TOGETHER WITH INTEREST THEREON AT THE DEFAULT RATE. 

(b)    If, within 20 days after receipt of any written exception pursuant to
Section 4.4(a), RRI and Remora have been unable to resolve any dispute, and if such dispute relates to whether amounts were properly charged or Services actually performed, either of RRI or Remora, as applicable, may submit
the dispute to an independent, third-party auditing firm that is mutually agreeable to the RRI Group, on the one hand, and Remora, on the other hand. The Parties shall cooperate with such auditing firm and shall provide such auditing firm access to
such books and records as may be reasonably necessary to permit a determination by such auditing firm. The resolution by such auditing firm shall be final and binding on the applicable Parties. 

ARTICLE V. 

INDEMNIFICATION; LIMITATIONS 

5.1    Indemnification by Remora. Remora hereby agrees to DEFEND, INDEMNIFY AND HOLD HARMLESS each member of the
RRI Group and their respective members, partners and Affiliates and each of their respective officers, managers, directors, employees and agents (each, an “RRI Indemnified Party”) from any and all threatened or actual claims,
demands, causes of action, suits, Proceedings, losses, damages, fines, penalties, liabilities, costs and expenses of any nature, including attorneys’ fees and court costs (collectively, “Liabilities”), incurred by, imposed upon
or rendered against one or more of the RRI Indemnified Parties, whether based on contract, or tort, or 

  
 7 

 
pursuant to any statute, rule or regulation, and regardless of whether the Liabilities are foreseeable or unforeseeable, all to the extent that such Liabilities are in respect of or arise from
(a) the gross negligence or willful misconduct in Remora acting or omitting to act in providing Services, (b) any and all direct or indirect claims, demands, actions, causes of action, suits, right of recovery for any relief or damages,
debts, accounts, damages, costs, losses, liabilities, and expenses (including interest, court costs, attorneys’ fees and expenses, and other costs of defense), of any kind or nature (each, a “Claim”), by a Third Party relating
to the gross negligence or willful misconduct of Remora in acting or omitting to act in providing Services or (c) a breach by Remora of the representations or warranties set forth in Section 10.2, PROVIDED THAT REMORA SHALL NOT BE
OBLIGATED TO INDEMNIFY OR HOLD HARMLESS THE RRI INDEMNIFIED PARTIES FROM AND AGAINST ANY CLAIMS TO THE EXTENT THEY RESULT FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY RRI INDEMNIFIED PARTY. 

5.2    Indemnification by the RRI Group. Each member of the RRI Group hereby agrees to jointly and severally
DEFEND, INDEMNIFY AND HOLD HARMLESS Remora and its respective members, partners and Affiliates and their respective officers, managers, directors, employees and agents (each, a “Remora Indemnified Party” and, collectively with the
RRI Indemnified Parties, each an “Indemnified Party”) from any and all Liabilities, incurred by, imposed upon or rendered against one or more of the Remora Indemnified Parties, whether based on contract, or tort, or pursuant to any
statute, rule or regulation, and regardless of whether the Liabilities are foreseeable or unforeseeable, all to the extent that such Liabilities are in respect of or arise from Claims by a Third Party relating to (a) any acts or omissions of
the Remora Indemnified Parties in connection with acting or omitting to act in providing Services, solely to the extent that (i) such acts or omissions were performed for the benefit of any member of the RRI Group, and (ii) such Services
were not performed in accordance with the standard of performance set forth in Section 3.1, (b) the RRI Group’s gross negligence or willful misconduct, or (c) a breach by RRI or Remora Holdings of the
representations or warranties set forth in Section 10.1, PROVIDED THAT THE RRI GROUP SHALL NOT BE OBLIGATED TO INDEMNIFY OR HOLD HARMLESS THE REMORA INDEMNIFIED PARTIES FROM AND AGAINST ANY CLAIMS TO THE EXTENT THEY RESULT FROM THE GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY REMORA INDEMNIFIED PARTY. 
 5.3    Negligence; Strict Liability. EXCEPT
AS EXPRESSLY PROVIDED IN SECTIONS 5.1 AND 5.2, THE DEFENSE AND INDEMNITY OBLIGATION IN SECTIONS 5.1 AND 5.2 SHALL APPLY REGARDLESS OF CAUSE OR OF ANY NEGLIGENT ACTS OR OMISSIONS (INCLUDING SOLE NEGLIGENCE, CONCURRENT
NEGLIGENCE OR STRICT LIABILITY), BREACH OF DUTY (STATUTORY OR OTHERWISE), VIOLATION OF LAW OR OTHER FAULT OF ANY INDEMNIFIED PARTY, OR ANY PREEXISTING DEFECT; PROVIDED, HOWEVER, THAT THIS PROVISION SHALL NOT APPLY TO THE GROSS
NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY INDEMNIFIED PARTY OR IN ANY WAY LIMIT OR ALTER ANY QUALIFICATIONS SET FORTH IN SUCH DEFENSE AND INDEMNITY OBLIGATIONS EXPRESSLY RELATING TO GROSS NEGLIGENCE, INTENTIONAL MISCONDUCT OR BREACH OF THIS AGREEMENT.
THE PARTIES AGREE THAT THIS STATEMENT COMPLIES WITH THE REQUIREMENT KNOWN AS THE ‘EXPRESS NEGLIGENCE RULE’ TO EXPRESSLY STATE IN A CONSPICUOUS MANNER AND TO AFFORD FAIR AND ADEQUATE NOTICE THAT THIS ARTICLE HAS PROVISIONS REQUIRING ONE
PARTY TO BE RESPONSIBLE FOR THE NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT OF ANOTHER PARTY. 
 5.4    Exclusion of
Damages; Disclaimers. 
 (a)    NO PARTY SHALL BE LIABLE TO ANY OTHER PARTY HERETO FOR EXEMPLARY, PUNITIVE,
CONSEQUENTIAL, SPECIAL, INDIRECT OR INCIDENTAL DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGES AND REGARDLESS OF THE FORM IN WHICH ANY ACTION IS BROUGHT; PROVIDED, HOWEVER, THAT THIS SECTION 5.4(a) SHALL NOT LIMIT A
PARTY’S RIGHT TO RECOVERY UNDER SECTIONS 5.1 AND 5.2 FOR ANY SUCH DAMAGES TO THE EXTENT SUCH PARTY IS REQUIRED TO PAY SUCH DAMAGES TO A THIRD PARTY IN CONNECTION WITH A MATTER FOR WHICH SUCH PARTY IS OTHERWISE ENTITLED TO
INDEMNIFICATION UNDER SECTIONS 5.1 AND 5.2. 

  
 8 

 (b)    OTHER THAN AS SET FORTH IN SECTION 3.1, REMORA DISCLAIMS
ANY AND ALL WARRANTIES, CONDITIONS OR REPRESENTATIONS (EXPRESS OR IMPLIED, ORAL OR WRITTEN) WITH RESPECT TO SERVICES RENDERED OR PRODUCTS PROCURED FOR RRI FOR THE BENEFIT OF THE RRI GROUP, OR ANY PART THEREOF, INCLUDING ANY AND ALL IMPLIED
WARRANTIES OF NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS OR SUITABILITY FOR ANY PURPOSE (WHETHER REMORA KNOWS, HAS REASON TO KNOW, HAS BEEN ADVISED, OR IS OTHERWISE IN FACT AWARE OF ANY SUCH PURPOSE),
WHETHER ALLEGED TO ARISE BY LAW, BY REASON OF CUSTOM OR USAGE IN THE TRADE OR BY COURSE OF DEALING. HOWEVER, IN THE CASE OF OUTSOURCED SERVICES PROVIDED SOLELY FOR RRI, IF THE THIRD-PARTY PROVIDER OF SUCH SERVICES MAKES AN EXPRESS WARRANTY TO RRI,
RRI IS ENTITLED TO CAUSE REMORA TO RELY ON AND TO ENFORCE SUCH WARRANTY. 
 ARTICLE VI. 

CONFIDENTIALITY 

6.1    Non-disclosure of Confidential Information. Remora shall maintain
the confidentiality of all Confidential Information; provided, however, that Remora may disclose such Confidential Information (i) to its Affiliates to the extent deemed by Remora to be reasonably necessary or desirable to enable
it to perform the Services; provided, that Remora shall be responsible for any such Affiliate’s use of such Confidential Information in contravention of this Section 6.1; (ii) in any judicial or alternative
dispute resolution Proceeding to resolve disputes between Remora and the RRI Group arising hereunder; (iii) to the extent disclosure is legally required under applicable Laws (including applicable securities and Tax Laws); provided,
however, that prior to making any legally required disclosures in any judicial, regulatory or dispute resolution Proceeding, Remora shall, if requested by RRI, seek a protective order or other relief to prevent or reduce the scope of such
disclosure; (iv) if authorized by RRI; and (v) to the extent such Confidential Information becomes publicly available other than through a breach by Remora of its respective obligations arising under this
Section 6.1. Remora acknowledges and agrees that (i) the Confidential Information is being furnished to it for the sole and exclusive purpose of enabling it to perform the Services and (ii) the Confidential
Information may not be used by it for any other purpose. 

6.2    Non-Disclosure of Acquisition Information. 

(a)    Except as provided in Section 6.2(b), RRI shall maintain the confidentiality of all
Acquisition Information. RRI acknowledges and agrees that (i) the Acquisition Information is being furnished to RRI for the sole and exclusive purpose of enabling it to make Acquisitions and (ii) the Acquisition Information may not be used
by it for any other purpose. 
 (b)    RRI may disclose Acquisition Information (i) to third-party advisors of RRI
to the extent deemed by RRI to be reasonably necessary or desirable to enable it to evaluate or consummate an Acquisition; (ii) in any judicial or alternative dispute resolution Proceeding to resolve disputes between RRI or the RRI Group and
Remora arising hereunder; (iii) to the extent disclosure is legally required under applicable Laws (including applicable securities and Tax Laws) or any agreement to which any member of the RRI Group is a party or by which it is bound;
provided, however, that prior to making any legally required disclosures in any judicial, regulatory or dispute resolution Proceeding, RRI shall, if requested by Remora, seek a protective order or other relief to prevent or reduce the
scope of such disclosure; (iv) to RRI’s and the RRI Group’s existing or potential lenders, investors, joint interest owners, purchasers or other parties with whom RRI or the RRI Group may enter into contractual relationships, to the
extent deemed by RRI to be reasonably necessary or desirable to enable it to evaluate or cause the consummation of the related Acquisition; provided, however, that RRI shall require such Person to agree to maintain the confidentiality
of the Acquisition Information so disclosed; (v) if authorized by Remora; and (vi) to the extent such Acquisition Information becomes publicly available other than through a breach by RRI of its obligation arising under this
Section 6.2. 
 6.3    Ownership of Work Product. The work produced by Remora under the
terms of this Agreement, including, without limitation, all workpapers, drafts, notes, reports, extracts and other written or electronic recordings, developed in connection with the performance of Services hereunder (“Work
Product”), shall be the property of the RRI Group. Remora shall have no right or interest in any such Work Product, but may use such Work Product to perform Services hereunder, all in accordance with the limitations, duties and obligations
imposed by this Agreement, including this Article VI. 

  
 9 

 6.4    Remedies and Enforcement. Each of the Parties acknowledges
and agrees that a breach by it of its obligations under this Article VI would cause irreparable harm to the other Parties and that monetary damages would not be adequate to compensate the harmed Parties. Accordingly, the
breaching Parties agree that the harmed Parties shall be entitled to immediate equitable relief, including a temporary or permanent injunction, to prevent any threatened, likely or ongoing violation by the breaching Parties, without the necessity of
posting bond or other security. Each of the harmed Parties’ right to equitable relief shall be in addition to other rights and remedies available to the harmed Parties for monetary damages or otherwise. 

ARTICLE VII. 
 TERM
AND TERMINATION 
 7.1    Term. Unless terminated earlier pursuant to Section 7.2,
this Agreement shall remain in force and effect for a term of 10 years. 
 7.2    Termination. 

(a)    This Agreement may be terminated by any Party at any time without penalty by giving notice of such termination to
the other Parties. Any termination under this Section 7.2(a) shall become effective one hundred eighty (180) days after delivery of such notice, or such time (not to exceed the first anniversary of the delivery of such
notice) as may be agreed upon by the Parties. 
 (b)    This Agreement may be terminated at any time by Remora upon
RRI’s material breach of this Agreement, if (a) such breach is not remedied within 45 days (or 30 days in the event of material breach arising out of a failure to make payment hereunder) after RRI’s receipt of written notice
thereof, or such longer period as is reasonably required to cure such breach, provided that RRI commences to cure such breach within such applicable period and proceeds with due diligence to cure such breach, and (b) such breach is
continuing at the time notice of termination is delivered to RRI. 
 (c)    This Agreement may be terminated at any time
by RRI upon Remora’s material breach of this Agreement, if (a) such breach is not remedied within 45 days after Remora’s receipt of RRI’s written notice, provided that if such breach is capable of being cured and
Remora commences to cure such breach within such 45-day period and proceeds with due diligence to cure such breach, such 45-day period shall be extended for up to an additional 30 days for so long as Remora is
diligently pursuing such cure. 
 7.3    Effect of Termination. If this Agreement is terminated in accordance
with Sections 7.1 or 7.2, all rights and obligations under this Agreement shall cease except for (a) obligations that expressly survive termination of this Agreement, (b) liabilities and obligations that
have accrued prior to such termination, and (c) the obligation to pay any portion of amounts payable under Article IV that have accrued prior to such termination, even if such amounts have not become due and payable at
that time. 
 7.4    Survival. The provisions of Article IV (with respect to unpaid
amounts due hereunder), Section 4.4, Article V, Article VI, Article VIII and Article XI shall survive any termination
of this Agreement. 
 ARTICLE VIII. 

AUDIT RIGHTS 

8.1    Audit Rights. At any time during the Term and for one year thereafter, RRI shall have the right to review
and, at RRI’s expense, to copy, the books and records maintained by Remora relating to the provision of the Services. In addition, to the extent necessary to verify the performance by Remora of its obligations under this Agreement, RRI shall
have the right, at RRI’s expense, to audit, examine and make copies of or extracts from the books and records of Remora (the “Audit Right”). RRI may exercise the Audit Right through such auditors as RRI

  
 10 

 
may determine in its sole discretion. RRI shall (i) exercise the Audit Right only upon reasonable written notice to Remora and during normal business hours and (ii) use its reasonable
efforts to conduct the Audit Right in such a manner as to minimize the inconvenience and disruption to Remora. 
 ARTICLE IX.

 FORCE MAJEURE 

9.1    Force Majeure. Remora shall not be liable for any expense, loss or damage whatsoever arising out of any
interruption of Services or delay or failure to perform under this Agreement that is due to acts of God, acts of a public enemy, acts of terrorism, acts of a nation or any state, territory, province or other political division thereof, fires,
floods, epidemics, riots, theft, quarantine restrictions, freight embargoes or other similar causes beyond the reasonable control of Remora. In any such event, Remora’s obligations hereunder shall be postponed for such time as its performance
is suspended or delayed on account thereof. Remora will promptly notify the RRI Group, either orally or in writing, upon learning of the occurrence of such event of force majeure. Upon the cessation of the force majeure event, Remora will use
commercially reasonable efforts to resume its performance with the least practicable delay. 
 ARTICLE X. 

REPRESENTATIONS AND WARRANTIES 

10.1    Representations and Warranties of RRI and Remora Holdings. Each of RRI and Remora Holdings represents and
warrants to Remora that on and as of the date hereof: 
 (a)    It is duly organized and validly existing under the Laws
of the State of Delaware, with power and authority to carry on the business in which it is engaged and to perform its obligations under this Agreement. 

(b)    This Agreement has been executed and delivered in accordance with any corporate governance requirements of RRI and
Remora Holdings. 
 (c)    It has all the requisite corporate or limited liability company, as the case may be, power
and authority to enter into this Agreement and perform its obligations hereunder. 
 (d)    Its execution, delivery and
performance of this Agreement will not violate (i) any of the provisions of its organizational documents, (ii) any agreements pursuant to which it or its property is bound, or (iii) any Laws, except with respect to clauses
(ii) and (iii), as would not, individually or in the aggregate, have a material adverse effect on the RRI Group, taken as a whole. 

(e)    This Agreement is valid, binding, and enforceable against it in accordance with its terms subject to bankruptcy,
moratorium, insolvency, and other Laws generally affecting creditors’ rights and general principles of equity (whether applied in a proceeding in a court of Law or equity). 

(f)    There is no Proceeding pending or, to the best of RRI’s and Remora Holdings’ knowledge, threatened
against or affecting the RRI Group before any Governmental Authority that could reasonably be expected to materially adversely affect the ability of RRI or Remora Holdings to perform its obligations under this Agreement. 

10.2    Representations and Warranties of Remora. Remora represents and warrants to RRI and Remora Holdings that on
and as of the date hereof: 
 (a)    It is duly organized and validly existing and in good standing under the Laws of
the State of Texas, with power and authority to carry on the business in which it is engaged and to perform its obligations under this Agreement. 

(b)    This Agreement has been executed and delivered in accordance with any corporate governance requirements of Remora.

  
 11 

 (c)    It has all the requisite limited partnership power and authority
to enter into this Agreement and perform its obligations hereunder. 
 (d)    Its execution, delivery and performance of
this Agreement will not violate (i) any of the provisions of its organizational documents, (ii) any agreements pursuant to which it or its property is bound, or (iii) any Laws, except with respect to clauses (ii) and (iii), as
would not, individually or in the aggregate, have a material adverse effect on Remora or its Subsidiaries, taken as a whole. 

(e)    This Agreement is valid, binding, and enforceable against it in accordance with its terms subject to bankruptcy,
moratorium, insolvency, and other Laws generally affecting creditors’ rights and general principles of equity (whether applied in a proceeding in a court of Law or equity). 

(f)    There is no Proceeding pending or, to the best of Remora’s knowledge, threatened against or affecting Remora
before any Governmental Authority that could reasonably be expected to materially adversely affect the ability of Remora to perform its obligations under this Agreement. 

ARTICLE XI. 

MISCELLANEOUS PROVISIONS 

11.1    Notices. All notices, requests or consents provided for or permitted to be given pursuant to this Agreement
must be in writing and must be given (a) by depositing such notices, requests or consents in the United States mail, addressed to the Person to be notified, postpaid and registered or certified with return receipt requested, (b) by
delivering such notice in person, (c) or by telecopier or telegram to such Party. Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by telegram or telecopier shall be effective upon actual receipt if
received during the recipient’s normal business hours, or at the beginning of the recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to
this Agreement shall be sent to or made at the address set forth below or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 10.1. 

 

			
	If to Remora:	 	 Remora Petroleum, L.P.
 Attn: George B. Peyton
V
 807 Las Cimas Parkway, Suite 275
 Austin, Texas 78746

Telephone: (512) 579-3590

Email: george@remorapetroleum.com

 If to any member of the RRI Group: 
  

			
		 	 c/o Remora Royalties, Inc.
 Attn: George B.
Peyton V
 807 Las Cimas Parkway, Suite 275
 Austin, Texas
78746
 Telephone: (512) 579-3590

Email: george@remorapetroleum.com

 11.2    Choice of Law; Submission to Jurisdiction. This Agreement shall be subject
to and governed by the Laws of the State of Texas, excluding any conflicts-of-Law rule or principle that might refer the construction or interpretation of this Agreement
to the Laws of another state. Each Party hereby submits to the jurisdiction of the state and federal courts in the State of Texas and to venue in Austin, Texas. 

11.3    Entire Agreement. This Agreement constitutes the entire agreement of the Parties relating to the matters
contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. 

  
 12 

 11.4    Jointly Drafted. This Agreement, and all the provisions
of this Agreement, shall be deemed drafted by all of the Parties, and shall not be construed against any Party on the basis of that Party’s role in drafting this Agreement. 

11.5    Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement,
each Party agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this
Agreement and all such transactions. 
 11.6    Assignment. This Agreement may not be assigned by any Party
without the prior written consent of all the other Parties. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. 

11.7    No Third-Party Beneficiaries. Nothing in this Agreement (except as specifically provided in
Article V) shall provide any benefit to any third party or entitle any third party to any Claim, cause of action, remedy or right of any kind, it being the intent of the Parties that this Agreement shall not be construed as
a third-party beneficiary contract except as set forth above. 
 11.8    Relationship of the Parties. Nothing in
this Agreement shall be construed to create a partnership or joint venture or give rise to any fiduciary or similar relationship of any kind. 

11.9    Effect of Waiver or Consent. No waiver or consent, express or implied, by any Party of or to any breach or
default by any Person in the performance by such Person of its obligations hereunder shall be deemed or construed to be a consent or waiver of or to any other breach or default in the performance by such Person of the same or any other obligations
of such Person hereunder. Failure on the part of a Party to complain of any act of any Person or to declare any Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Party of its rights hereunder
until the applicable statute of limitations period has run. 
 11.10    Amendment or Modification. This Agreement
may be amended, restated or modified from time to time only by the written agreement of all of the Parties. 

11.11    Severability. If any provision of this Agreement or the application thereof to any Person or circumstance
shall be held invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by
law. 
 11.12    Counterparts. This Agreement may be executed in any number of counterparts with the same effect
as if all signatory Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

11.13    Withholding or Granting of Consent. Except as expressly provided to the contrary in this Agreement, each
Party may, with respect to any consent or approval that it is entitled to grant pursuant to this Agreement, grant or withhold such consent or approval in its sole and uncontrolled discretion, with or without cause, and subject to such conditions as
it shall deem appropriate. 
 11.14    Laws and Regulations. Notwithstanding any provision of this Agreement to
the contrary, no Party shall be required to take any act, or fail to take any act, under this Agreement if the effect thereof would be to cause such Party to be in violation of any applicable law, statute, rule or regulation. 

11.15    No Recourse Against Officers, Directors, Managers or Employees. For the avoidance of doubt, the provisions
of this Agreement shall not give rise to any right of recourse against any officer, director, manager or employee of Remora, RRI, Remora Holdings or any of their respective Affiliates. 

11.16    Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement,
each Party agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this
Agreement and all such transactions. 
 (Signature pages follow) 

  
 13 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and to be effective as of,
the Closing Date. 
  

			
	“REMORA”
	
	REMORA PETROLEUM, L.P.
		
	By:	 	  

	Name:	 	[●]
	Title:	 	[●]
		
	“RRI”	 	
	
	REMORA ROYALITES, INC.
		
	By:	 	  

	Name:	 	[●]
	Title:	 	[●]
	
	“REMORA HOLDINGS”
	
	REMORA HOLDINGS, LLC
		
	By:	 	  

	Name:	 	[●]
	Title:	 	[●]

 EXHIBIT A 

Description of Services 
 Services to be
provided by Remora, as determined by RRI, include without limitation, the following: 
 Accounting; 

Acquisition Services and Evaluation; 
 Administrative; 

Audit; 
 Benefits, Compensation and Human Resources
Administration; 
 Billing and Invoices; 
 Bonds (performance,
appeal, environmental and surety); 
 Books and Record Keeping; 

Budget; 
 Business Development/Deal Sourcing and Negotiations 

Cash Management; 
 Consulting; 

Corporate Finance; 
 Corporate Governance and Compliance; 

Credit and Debt Administration; 
 Employee Health and Safety; 

Engineering; 
 Environmental; 

Financial, Planning and Analysis; 
 Geological and Geophysical;

 Government and Public Relations; 
 Hedging and Derivatives;

 Identify, Evaluate and Recommend Acquisition Opportunities 

Information Technology; 
 Insurance; 

Investor Relations; 
 Legal; 

Land Administration; 
 Management; 

Office Leasing; 
 Operations; 

Payroll; 
 Property Management; 

Purchasing and Materials Management; 
 Regulatory Management; 

Reservoir Engineering; 
 Risk Management; 

Security; 
 Service Contracts; 

SEC Reporting and Compliance; 
 Tax; 

Technical; 
 Travel; and 

Treasury

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00286-of-00352.parquet"}]]