X0306 4 2017-03-31 0 0001648636 Park Place Energy Inc. PKPL 0001437038 Larsen Scott C 2200 ROSS AVE., SUITE 4500E DALLAS TX 75201 1 1 0 0 President and CEO Common Shares 703571 D Common Shares 200000 I Larsen Energy Consulting Inc. Warrants 0.20 2013-08-27 2017-08-27 Common Shares 250000 250000 D Warrants 0.20 2013-08-27 2018-08-27 Common Shares 250000 500000 D Stock Options 0.10 2013-05-01 2018-04-30 Common Shares 600000 600000 I Larsen Energy Consulting Inc. Stock Options 0.18 2017-03-27 2021-03-26 Common Shares 400000 400000 D Restricted Stock Units [2015] Common Shares 451475 451475 D Restricted Stock Units [2016] Common Shares 363571 363571 D Restricted Stock Units [2017] 2017-03-31 4 A 0 78947 A Common Shares 78947 78947 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, 2017 (pursuant to Amendment dated February 23, 2017) provided Mr. Larsen 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, 2017 provided Mr. Larsen 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. The expiration date of these warrants was extended to August 23, 2017 pursuant to Amendment dated August 3, 2016. The expiration date of these warrants was extended from August 23, 2017 to August 23, 2018 pursuant to Amendment dated March 27, 2017. All 500,000 warrants described in this table were originally issued at the same time, but they have been divided into two groups in this table to reflect the differing expiration dates. 100% of the total Restricted Stock Units shall vest on March 31, 2018 provided Mr. Larsen 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 9(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 M. Munchinski as attorney-in-fact. 2017-04-04