THIRD AMENDMENT
PEDEVCO CORP
THIRD AMENDMENT TO
PEDEVCO CORP.
2021 EQUITY INCENTIVE PLAN
This Third Amendment (“Third Amendment”) to the PEDEVCO Corp. 2021 Equity Incentive Plan (the “2021 Plan”), is made and adopted by the Board of Directors of PEDEVCO Corp., a Texas corporation (the “Company”), on July 9, 2026 effective as of the date approved by stockholders of the Company at a duly called meeting of stockholders (the “Amendment Date”). Capitalized terms used in this Third Amendment and not otherwise defined herein shall have the meanings ascribed to such terms in the 2021 Plan (as amended).
RECITALS
A. The Company currently maintains the 2021 Plan.
B. The Board of Directors believes it is in the best interests of the Company and its stockholders to amend the 2021 Plan to increase the number of shares of common stock subject to the 2021 Plan and to incorporate the other terms and conditions set forth herein.
AMENDMENT
The 2021 Plan is hereby amended as follows, effective as of the Amendment Date.
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