0001562762-20-000236 Sample Contracts

VAALCO ENERGY, INC. RESTrICTED STOCK AWARD AGREEMENT
Stock Award Agreement • June 30th, 2020 • Vaalco Energy Inc /De/ • Crude petroleum & natural gas • Delaware

THIS STOCK AWARD AGREEMENT (the “Agreement”) is made and entered into by and between VAALCO Energy, Inc., a Delaware corporation (the “Company”) and ________________, an individual and independent director of the Company (the “Participant”), on the 25 day of June, 2020 (the “Date of Grant”), subject to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the “Plan”). This Agreement is subject to the terms and conditions of the Plan, which is incorporated herein in its entirety by reference. A copy of the Plan has been made available to the Participant. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.

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VAALCO ENERGY, INC. RESTRICTED STOCK AWARD AGREEMENT Participant:
Restricted Stock Award Agreement • June 30th, 2020 • Vaalco Energy Inc /De/ • Crude petroleum & natural gas • Delaware

THIS RESTRICTED STOCK AGREEMENT (the “Agreement”) is made and entered into by and between VAALCO Energy, Inc., a Delaware corporation (the “Company”) and ____________________________, an individual and employee of the Company (the “Participant”), on the 25th day of June 2020 (the “Date of Grant”), subject to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the “Plan”). This Agreement is subject to the terms and conditions of the Plan, which is incorporated herein in its entirety by reference. A copy of the Plan has been made available to the Participant. Capitalized terms not otherwise defined in this Agreement shall have the meaning given to such terms in the Plan.

VAALCO ENERGY, INC. NONQUALIFIED STOCK OPTION AGREEMENT FOR EMPLOYEE Participant: ___________
Vaalco Energy Inc /De/ • June 30th, 2020 • Crude petroleum & natural gas • Delaware
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