BARNWELL INDUSTRIES, INC. FORM OF STOCK GRANT AWARD AGREEMENTStock Grant Award Agreement • May 15th, 2023 • Barnwell Industries Inc • Crude petroleum & natural gas • Delaware
THIS STOCK GRANT AWARD AGREEMENT (the “Agreement”) is made and entered into by and between Barnwell Industries, Inc., a Delaware corporation (the “Company”) and ________________, an individual and independent director of the Company (“Grantee”), on the ___ day of ______, 20__ (the “Grant Date”), subject to the Barnwell Industries, Inc. 2018 Equity Incentive Plan, as amended (the “Plan”). This Agreement is subject to the terms and conditions of the Plan, which is incorporated herein in its entirety by reference. For all purposes of the Plan, the stock award evidenced by this Agreement is a “Stock Grant” under the Plan and not a Restricted Stock Award. A copy of the Plan has been made available to Grantee. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.
