0001104659-20-008177 Sample Contracts

FORM OF NONQUALIFIED STOCK OPTION AWARD AGREEMENT PURSUANT TO THE BATTALION OIL CORPORATION 2020 LONG-TERM INCENTIVE PLAN [GRANTED UNDER 2020 MANAGEMENT INCENTIVE PLAN]
Nonqualified Stock Option Award Agreement • January 29th, 2020 • Battalion Oil Corp • Crude petroleum & natural gas

THIS NONQUALIFIED STOCK OPTION AWARD AGREEMENT (this “Award Agreement”), dated as of the Date of Grant specified above, is made between BATTALION OIL CORPORATION, a Delaware corporation (the “Company”), and the employee specified above (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Battalion Oil Corporation 2020 Long-Term Incentive Plan, as it may be amended from time to time (the “Plan”).

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FORM OF PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT PURSUANT TO THE BATTALION OIL CORPORATION 2020 LONG-TERM INCENTIVE PLAN [GRANTED UNDER 2020 MANAGEMENT INCENTIVE PLAN]
Performance-Based Restricted Stock Unit Award Agreement • January 29th, 2020 • Battalion Oil Corp • Crude petroleum & natural gas

THIS PERFORMANCE-BASED RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Award Agreement”), dated as of the Date of Grant specified above, is made between BATTALION OIL CORPORATION, a Delaware corporation (the “Company”), and the employee specified above (the “Participant”). Capitalized terms not defined herein shall have the meaning ascribed to them in the Battalion Oil Corporation 2020 Long-Term Incentive Plan, as it may be amended from time to time (the “Plan”).

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