ROCKDALE RESOURCES CORPORATION STAND-ALONE RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • August 7th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings • Texas
Recipient: Marc Spezialy Award Date: August 5, 2013 Vesting Commencement Date: To be determined in accordance with the Vesting Schedule below Aggregate Number of Restricted Shares: 300,000 Fair Market Value per Share on Award Date: $0.27 Vesting Schedule: So long as Recipient is continuing to serve as an executive officer of the Company on the vesting dates, the Shares will vest as follows: The first day on which the Company has produced more than 100 bbls of oil per day, and such production has continued for at least 28 consecutive days 100,000 shares shall vest The first day on which the Company has produced more than 200 bbls of oil per day, and such production has continued for at least 28 consecutive days 100,000 shares shall vest, combined total of 200,000 shares vested The first day on which the Company has produced more than 300 bbls of oil per day, and such production has continued for at least 28 consecutive days 100,000 shares shall vest, combined total of 300,000 shares ves
