CALIFORNIA RESOURCES CORPORATION RESTRICTED STOCK UNIT AWARD FOR NON-EMPLOYEE DIRECTORS GRANT AGREEMENTCalifornia Resources Corporation • March 11th, 2021 • California Resources Corp • Crude petroleum & natural gas
Agreement (this “Agreement”) made as of the Date of Grant between CALIFORNIA RESOURCES CORPORATION, a Delaware corporation (“CRC”), and with its subsidiaries (the “Company”), and the Eligible Person receiving this Award (the “Grantee”).
December 21, 2020 Mark A. McFarland Re: Interim Chief Executive Officer Letter Dear Mac:California Resources Corp • March 11th, 2021 • Crude petroleum & natural gas • California
We are delighted that you have agreed to serve as the interim Chief Executive Officer (the “Interim CEO”) of California Resources Corporation (the “Company”) and continue to serve as the Chairman of our Board of Directors (the “Board”). Your appointment as Interim CEO will be effective as of December 31, 2020 (the “Effective Date”) and will continue until your successor as the Company’s Chief Executive Officer is appointed or until your term is otherwise terminated in accordance with the terms of this letter agreement (this “Letter”). This Letter sets forth below the terms and conditions of your service as the Interim CEO.
SEPARATION AGREEMENT AND GENERAL RELEASESeparation Agreement and General Release • March 11th, 2021 • California Resources Corp • Crude petroleum & natural gas • California
