X0306 4 2015-12-31 0001648636 Park Place Energy Inc. PKPL 0001591875 MUNCHINSKI FRANCIS M. 2200 ROSS AVE. SUITE 4500E DALLAS TX 75201 0 1 0 0 Secretary & Treasurer Common Shares 125000 D Stock Options 0.23 2013-11-01 2016-10-31 Common Shares 50000 50000 D Stock Options 0.20 2014-01-13 2017-01-12 Common Shares 100000 100000 D Restricted Stock Units Common Shares 224896 224896 D Restricted Stock Units Common Shares 218134 218134 D Restricted Stock Units 2015-12-31 4 A 0 168788 A Common Shares 168788 386922 D Each Restricted Stock Unit is a notional share of common shares of the Issuer, with a value of each Unit being equal to the Fair Market value of a share of common stock at any time. 100% of the total Restricted Stock Units shall vest on December 1, 2016 (pursuant to Amendment dated November 15, 2015) provided Mr. Munchinski is still a contractor providing services to the Issuer on that date. Vesting will be accelerated if the Issuer either (a) raises an aggregate of $10 million through the sale of the Issuer's equity, or (b) becomes entitled to realize economic benefits of at least $20 million through any combination of capital raising or financing transactions. Upon the occurrence of 2(a) or (b) above, or a change of control, termination of service due to death, disability or termination of service, all unvested Restricted Stock Units shall immediately become vested. 100% of the total Restricted Stock Units shall vest on December 1, 2016 provided Mr. Munchinski is still a contractor providing services to the Issuer on that date. Vesting will be accelerated if the Issuer either (a) raises an aggregate of $10 million through the sale of the Issuer's equity, or (b) becomes entitled to realize economic benefits of at least $20 million through any combination of capital raising or financing transactions. Upon the occurrence of 4(a) or (b) above, or a change of control, termination of service due to death, disability or termination of service, all unvested Restricted Stock Units shall immediately become vested. /s/ Francis Munchinski 2016-01-01