<SEC-DOCUMENT>0000788965-17-000009.txt : 20170517
<SEC-HEADER>0000788965-17-000009.hdr.sgml : 20170517
<ACCEPTANCE-DATETIME>20170516181129
ACCESSION NUMBER:		0000788965-17-000009
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20170516
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170517
DATE AS OF CHANGE:		20170516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR ENERGY CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	BITUMINOUS COAL & LIGNITE MINING [1220]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34743
		FILM NUMBER:		17849839

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALLADOR PETROLEUM CO
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hnrg-20170516x8k.htm
<DESCRIPTION>8-K - ITEM 5.02
<TEXT>
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			hnrg_8k05162017
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Washington, D.C. 20549</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">CURRENT REPORT</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Pursuant to Section 13 or 15(d) of the</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Date of report (Date of </font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">earliest event reported): May 16</font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">, 2017 (May 16, 2017)</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;"><img src="hnrg-20170516x8kg001.jpg" style="width: 0.53125in; height: 0.4375in" alt="logo-sunrise.jpg"></font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;"><img src="hnrg-20170516x8kg002.jpg" style="width: 0.4895833in; height: 0.4791667in" alt="hlogo.jpg"></font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">HALLADOR ENERGY COMPANY</font>
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			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">Colorado</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">001-3473</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">84-1014610</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">(State or Other Jurisdiction</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">of Incorporation)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">File Number)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">Identification No.)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">1660 Lincoln Street, Suite 2700, Denver, Colorado</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">80264-2701</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">(Address of principal executive offices)</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">(Zip Code)</font></p>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: 303-839-5504</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">&#x2610;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;font-size:10pt;">&#x2610;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;font-size:10pt;">&#x2610;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display: inline;font-size:10pt;">&#x2610;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Emerging growth company </font><font style="display: inline;font-size:10pt;">&#x2610;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act</font><font style="display: inline;font-family:Arial;font-size:11pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">&#x2610;</font>
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		<p style="margin:0pt 0pt 10pt;line-height:100%;font-family:Calibri;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;font-family:Calibri;;font-size: 10pt"><font style="display: inline;font-family:Arial;font-size:10pt;"></font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:23.5pt;"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Item 5.02</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.&nbsp;</font></font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">Compensatory Agreements</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">On May 16, 2017, Hallador granted Restricted Stock Unit Issuance Agreements (the &#x201C;RSU Agreements&#x201D;) with (i) Victor P. Stabio, Chairman of the Board and Corporate Secretary, (ii) Brent K. Bilsland, President and CEO, and (iii) Lawrence D. Martin, CFO.</font>
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		<p style="margin:0pt;line-height:100%;text-indent:36pt;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Mr. Stabio was granted 100,000 restricted stock units (&#x201C;RSUs&#x201D;), Mr. Bilsland was granted 225,000 RSUs, and Mr. Martin was granted 170,000 RSUs, all of which vest in their entirety immediately upon grant date, May 16, 2017, and are subject to the terms as set forth in the 2008 Restricted Stock Unit Plan.&nbsp;&nbsp;Upon vesting, each RSU entitles the RSU recipients to receive one share of common stock.&nbsp;&nbsp;The RSU recipients have the option to withhold shares to pay the applicable payroll withholding taxes.</font>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The closing stock price on May 16, 2017 was $7.74.</font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">The RSU Agreement is filed as Exhibit&nbsp;10.1 to this Current Report and is incorporated herein by reference.</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:28pt;"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Item 9.01</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits</font></font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Exhibits:</font>
		</p>
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			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">10.1 - </font><font style="display: inline;font-family:Arial;font-size:10pt;">Form of Restricted Stock Unit Issuance Agreement</font>
		</p>
		<p style="margin:0pt 0pt 0pt 94.5pt;text-indent: -94.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">10.2 - </font><font style="display: inline;font-family:Arial;font-size:10pt;">2008 Restricted Stock Unit Plan (incorporated by referenced to the March 31, 2008 Form 10-Q)</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">SIGNATURE</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;font-family:Calibri;font-size: 10pt">
			<font style="display: inline;font-family:Arial;font-size:10pt;">Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;&nbsp;</font></p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-weight:bold;font-size:10pt;">HALLADOR ENERGY COMPANY</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;text-decoration:underline;">/S/BRENT K. BILSLAND</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp;Date: May 16</font><font style="display: inline;font-family:Arial;font-size:10pt;">, 2017</font></p>
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						<font style="display: inline;font-family:Arial;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">Brent K. Bilsland</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-family:Arial;font-size:10pt;">President and CEO</font></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>hnrg-20170516xex10_1.htm
<DESCRIPTION>FORM OF RSU AGREEMENT
<TEXT>
<!--HTML document created with Certent Disclosure Management 6.6.0.153-->
<!--Created on: 5/16/2017 4:03:32 PM-->
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	<head>
		<title>
			EX-10.1-RSU_AGREE
		</title>
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	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;">EXHIBIT 10.1</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">HALLADOR PETROLEUM COMPANY</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">RESTRICTED STOCK UNIT ISSUANCE AGREEMENT</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt 0pt 12pt;line-height:100%;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">This RESTRICTED STOCK UNIT ISSUANCE AGREEMENT (this &#x201C;Agreement&#x201D;) is made and entered into as of May 16, 2017, by and between Hallador Energy Company, a Colorado corporation (the &#x201C;Corporation&#x201D;), and</font><font style="display: inline;">______________</font><font style="display: inline;">, an individual (&#x201C;Participant&#x201D;).</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">RECITALS</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">The Corporation has adopted the 2008 Restricted Stock Unit Plan (the &#x201C;Plan&#x201D;</font><font style="display: inline;color:#000000;">), attached hereto as </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibit A</font><font style="display: inline;color:#000000;">, pursuant to which the Corporation is authorized to grant to certain employees of the Company Restricted Stock Units, giving such recipient the right to receive shares of Common Stock of the Company upon vesting.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Participant is to render valuable services to the Corporation, and this Agreement evidences the special equity incentive award the Plan Administrator has authorized for Participant as an inducement to continue in the Corporation&#x2019;s service.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">All capitalized terms in this Agreement and not otherwise defined herein shall have the meaning assigned to them in the attached </font><font style="display: inline;color:#000000;text-decoration:underline;">Appendix A</font><font style="display: inline;color:#000000;">.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">NOW, THEREFORE</font><font style="display: inline;color:#000000;">, it is hereby agreed as follows:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Grant of Restricted Stock Units</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The Corporation hereby awards to Participant, as of the Award Date, Restricted Stock Units for the number of shares of Common Stock indicated below. Each Restricted Stock Unit which vests during Participant&#x2019;s period of Service shall entitle Participant to receive one share of Common Stock on the specified issue date.&nbsp;&nbsp;The number of shares of Common Stock subject to the awarded Restricted Stock Units, the applicable vesting schedule for those shares, the applicable date or dates on which those vested shares shall become issuable to Participant and the remaining terms and conditions governing the award (the &#x201C;Award&#x201D;) shall be as set forth in this Agreement.</font>
		</p>
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					<p style="margin:0pt;font-family:Calibri;line-height:115%;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;color:#000000;">VEST</font></p>
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						&nbsp;</p>
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					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;text-decoration:underline;color:#000000;">Award Date</font><font style="display: inline;color:#000000;">:</font></p>
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				<td valign="top" style="width:342.00pt;height:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">May 16, 2017</font></p>
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					<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Number of Shares </font><font style="display: inline;text-decoration:underline;color:#000000;">Subject to Award</font><font style="display: inline;color:#000000;">:</font></p>
				</td>
				<td valign="bottom" style="width:342.00pt;height:27.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">_______</font><font style="display: inline;color:#000000;"> shares of Common Stock (the &#x201C;Shares&#x201D;)</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:135.00pt;height:37.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;text-decoration:underline;color:#000000;">Vesting Schedule</font><font style="display: inline;color:#000000;">:</font></p>
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				<td valign="top" style="width:342.00pt;height:37.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">The Shares shall vest in their entirety immediately upon the Award Date and shall be issued in accordance with the provisions of Paragraph 7 of this Agreement, subject to the Corporation&#x2019;s collection of the applicable Withholding Taxes.</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 11pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;;font-size: 12pt"><font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Limited Transferability</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Prior to actual receipt of the Shares which vest and become issuable hereunder, Participant may not transfer any interest in the Award or the underlying Shares. Any Shares which vest hereunder but which otherwise remain unissued at the time of Participant&#x2019;s death may be transferred pursuant to the provisions of Participant&#x2019;s will or the laws of inheritance or to Participant&#x2019;s designated beneficiary or beneficiaries of this Award.&nbsp;&nbsp;Participant may make such a beneficiary designation at any time by filing the appropriate form with the Plan Administrator or its designee.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Cessation of Service</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Should Participant Cease Service of the Corporation or should change to a lower position in the Corporation than that position held at time of grant, for any reason prior to vesting in the Shares subject to this Award, then the Restricted Stock Units awarded hereunder shall be immediately cancelled, and Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Stockholder Rights</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The </font><font style="display: inline;color:#000000;">holder of this Award shall not have any stockholder rights, including voting, dividend or liquidation rights, with respect to the Shares subject to the Award until the Participant becomes the record holder of those Shares upon their actual issuance following the Corporation&#x2019;s collection of the applicable Withholding Taxes.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Reorganization/Change in Control</font><font style="display: inline;color:#000000;">.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Any Restricted Stock Units subject to this Award at the time of a Reorganization may be assumed by the successor entity or otherwise continued in full force and effect. In the event of such assumption or continuation of the Award, no accelerated vesting of the Restricted Stock Units shall occur at the time of the Reorganization; </font><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">provided, however, </font><font style="display: inline;color:#000000;">that if the Reorganization event also constitutes a Change in Control, then the special vesting acceleration provisions of Paragraph 5.C of this Agreement shall be applicable.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">In the event the Award is assumed or otherwise continued in effect, the Restricted Stock Units subject to the Award will be adjusted immediately after the consummation of the Reorganization so as to apply to the number and class of securities into which the Shares subject to those units immediately prior to the Reorganization would have been converted in consummation of that Reorganization had the Shares actually been issued and outstanding at that time.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">If the Restricted Stock Units subject to this Award at the time of the Reorganization are not assumed or otherwise continued in effect in accordance with Paragraph 5.A above or in event such Reorganization also constitutes a Change in Control, then those units shall vest immediately upon the effective date of such Reorganization or Change in Control.&nbsp;&nbsp;The Shares subject to those vested units shall be issued on the closing date of the Change in Control or Reorganization transaction triggering such accelerated vesting (or shall otherwise be converted into the right to receive the same consideration per share of Common Stock payable to the other stockholders of the Corporation in consummation of that Reorganization or Change in Control and distributed at the same time as such stockholder payments), subject to the Corporation&#x2019;s collection of applicable Withholding Taxes pursuant to the provisions of Paragraph </font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;;font-size: 12pt"><font style="display: inline;color:#000000;">7.&nbsp;&nbsp;In no event, however, shall the issuance of the vested Shares or the distribution of any other consideration for those Shares be made to Participant later than the </font><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">later </font><font style="display: inline;color:#000000;">of (i) the close of the calendar year in which the Change in Control or Reorganization transaction is effected, or (ii) the fifteenth (15th) day of the third (3rd) calendar month following the effective date of such transaction.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">This Agreement shall not in any way affect the right of the Corporation to adjust, reorganize or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Adjustment in Shares</font><font style="display: inline;font-weight:bold;color:#000000;">.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;">Should any change be made to the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares, exchange of shares, spin-off transaction, extraordinary dividend or distribution or other similar change affecting the outstanding Common Stock as a class without the Corporation&#x2019;s receipt of consideration, or should the value of outstanding shares of Common Stock be substantially reduced as a result of a spin-off transaction or an extraordinary dividend or distribution, or should there occur any merger, consolidation or other reorganization, then </font><font style="display: inline;color:#000000;">equitable adjustments shall be made to the total number and/or class of securities </font><font style="display: inline;color:#000000;">issuable pursuant to this Award. Such adjustments shall be made in such manner as the Plan Administrator deems appropriate in order to reflect such change and thereby preclude a dilution or enlargement of benefits hereunder.&nbsp;&nbsp;T</font><font style="display: inline;color:#000000;">he determination of the </font><font style="display: inline;color:#000000;">Plan Administrator </font><font style="display: inline;color:#000000;">shall be final, binding and conclusive.&nbsp;&nbsp;I</font><font style="display: inline;color:#000000;">n the event of a Change in Control or Reorganization, the adjustments (if any) shall be made in accordance with the provisions of Paragraph 5.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Issuance of Shares of Common Stock/Collection of Withholding Taxes</font><font style="display: inline;color:#000000;">.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">On the date on which the Shares vest in accordance with the provisions of this Agreement or as soon as administratively practicable following such vesting date, the Corporation shall issue to or on behalf of Participant a certificate for those vested Shares, subject to the Corporation&#x2019;s collection of the applicable Withholding Taxes and Participant&#x2019;s delivery of any representations required of him or her pursuant to Paragraph 8.B.&nbsp;&nbsp;Such issuance shall be effected no later than the </font><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">later</font><font style="display: inline;color:#000000;"> of (i) the end of the calendar year in which the applicable vesting date occurs, or (ii) the fifteenth (15th) day of the third (3rd) calendar month following such vesting date, with the applicable Withholding Taxes to be collected on or before such issuance. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;color:#000000;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Unless Participant (i) otherwise makes satisfactory arrangements with the Corporation on or before the date on which the Shares vest under this Award to pay the applicable Withholding Taxes through the delivery of&nbsp;&nbsp;a check payable to the Corporation in a </font><font style="display: inline;color:#000000;">dollar amount equal to the Withholding Taxes which the Corporation must collect from Participant in connection with the vesting and concurrent issuance of such Shares, </font><font style="display: inline;color:#000000;">and (ii) in fact delivers such check to the Corporation not later than that vesting date, the Corporation shall collect the applicable Withholding Taxes by withholding from the vested Shares otherwise issuable to Participant at that time, a portion of those Shares with a Fair Market Value (measured as of the vesting date) equal to the applicable Withholding Taxes; </font><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">provided, however</font><font style="display: inline;color:#000000;">, that the number of&nbsp;&nbsp;Shares so withheld shall not exceed in Fair Market Value the amount necessary to satisfy the Corporation&#x2019;s required tax withholding obligations using the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes, that are applicable to supplemental taxable income.&nbsp; </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Except as otherwise provided in Paragraph 5 and Paragraph 7.B, the settlement of all Restricted Stock Units which vest under the Award shall be made solely in shares of Common Stock.&nbsp;&nbsp;In no event, however, shall any fractional shares be issued. Accordingly, the total number of shares of Common Stock to be issued pursuant to that Award shall, to the extent necessary, be rounded down to the next whole share in order to avoid the issuance of a fractional share.</font><font style="display: inline;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="font-weight:bold;text-decoration:underline;display: inline;color:#000000;">Securities Law Compliance</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">The Shares issued under this Agreement will not be registered under the 1933 Act, and will be issued to Participant in reliance upon the private placement exemption from such registration provided under Section 4(2) of the 1933 Act.&nbsp;&nbsp;Participant hereby confirms that Participant has been informed that the issued Shares will be restricted securities under the 1933 Act and may not be resold or transferred unless those shares are first registered under the Federal securities laws or unless an exemption from such registration is available.&nbsp;&nbsp;Accordingly, Participant hereby acknowledges that Participant will acquire the Shares for investment purposes only and not with a view to resale and will hold the Shares for an indefinite period and that Participant is aware that SEC Rule 144 issued under the 1933 Act which exempts certain resales of restricted securities will require such shares to be held for a period of at least one year after their issuance pursuant to this Agreement. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Upon demand by the Corporation, Participant shall deliver to the Corporation a representation in writing that Participant will acquire the Shares issued under this Agreement for investment only and not for resale or with a view to distribution, and containing such other representations and provisions with respect thereto as the Corporation may require.&nbsp;&nbsp;Should the Corporation make such demand, then delivery of such representation shall be a condition precedent to Participant&#x2019;s right to the issuance of the Shares.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Participant shall make no disposition of the issued Shares unless and until there is compliance with all of the following requirements:</font>
		</p>
		<p style="margin:0pt 36pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Participant shall have provided the Corporation with a written summary of the terms and conditions of the proposed disposition.</font>
		</p>
		<p style="margin:0pt 36pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">Participant shall have provided the Corporation with an opinion of counsel, in form and substance satisfactory to the Corporation, that (i) the proposed disposition does not require registration of the Shares under the 1933 Act, or (ii) all appropriate action necessary for compliance with the registration requirements of the 1933 Act or any exemption from registration available under the 1933 Act (including Rule 144) has been taken. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">The Corporation shall </font><font style="text-decoration:underline;display: inline;color:#000000;">not</font><font style="display: inline;color:#000000;"> be required (i) to transfer on its books any Shares issued pursuant to this Agreement which have been sold or transferred in violation of the provisions of this Agreement, </font><font style="text-decoration:underline;display: inline;color:#000000;">or</font><font style="display: inline;color:#000000;"> (ii) to treat as the owner of those Shares, or otherwise to accord voting, dividend or liquidation rights to, any transferee to whom the Shares have been transferred in contravention of this Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;"> The stock certificates for any Shares issued under this Agreement shall be endorsed with the following restrictive legend:</font>
		</p>
		<p style="margin:0pt 36pt;line-height:100%;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">&#x201C;The shares represented by this certificate have not been registered under the Securities Act of 1933.&nbsp;&nbsp;The shares may not be sold or offered for sale in the absence of (a) an effective registration statement for the shares under such Act, (b) a &#x2018;no action&#x2019; letter of the Securities and Exchange Commission with respect to such sale or offer or (c) an opinion of counsel, in form satisfactory to the Corporation, that registration under such Act is not required with respect to such sale or offer.&#x201D;</font>
		</p>
		<p style="margin:0pt 36pt;line-height:100%;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Benefit Limit.</font><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;">In the event the vesting and issuance of the Shares subject to this Award would constitute a parachute payment under Code Section 280G, the vesting and issuance of those Shares shall be subject to reduction to the extent necessary to assure that the number of Shares which vest and are issued under this Award will be limited to the </font><font style="display: inline;font-weight:bold;font-style:italic;color:#000000;">greater</font><font style="display: inline;color:#000000;"> of (i)&nbsp;the number of Shares which can vest and be issued without triggering a parachute payment under Code Section 280G, or (ii)&nbsp;the maximum number of Shares which can vest and be issued under this Award so as to provide the Participant with the greatest after-tax amount of such vested and issued Shares after taking into account any excise tax the Participant may incur under Code Section 4999 with respect to those Shares and any other benefits or payments to which the Participant may be entitled in connection with any change in control or ownership of the Corporation or the subsequent termination of the Participant&#x2019;s Service. </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Compliance with Other Laws and Regulations</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The issuance of shares of Common Stock pursuant to the Award shall be subject to compliance by the Corporation and Participant with all applicable requirements of law relating thereto and with all applicable regulations of any Stock Exchange on which the Common Stock may be listed for trading at the time of such issuance.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Notices</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Any notice required to be given or delivered to the Corporation under the terms of this Agreement shall be in writing and addressed to the Corporation at its principal corporate offices.&nbsp;&nbsp;Any notice required to be given or delivered to Participant shall be in writing and addressed to Participant at the address indicated below Participant&#x2019;s signature line on this Agreement.&nbsp;&nbsp;All notices shall be deemed effective upon personal delivery or upon deposit in the U.S. mail, postage prepaid and properly addressed to the party to be notified.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Successors and Assigns</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Except to the extent otherwise provided in this Agreement, the provisions of this Agreement shall inure to the benefit of, and be binding upon, the Corporation and its successors and assigns and Participant and the legal representatives, heirs and legatees of Participant&#x2019;s estate and any beneficiaries of the Award designated by Participant.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="font-weight:bold;text-decoration:underline;display: inline;color:#000000;">Construction</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;All interpretations and constructions of the provisions of this Agreement and all determinations on any questions arising under this Agreement shall be made by the </font><font style="display: inline;color:#000000;">Plan Administrator</font><font style="display: inline;color:#000000;">, and its decision on such matters shall be conclusive and binding on all persons having an interest in this option.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Governing Law</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The interpretation, performance and enforcement of this Agreement shall be governed by the laws of the State of Colorado without resort to that State&#x2019;s conflict-of-laws rules.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Employment at Will</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Nothing in this Agreement shall confer upon Participant any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Subsidiary employing or retaining Participant) or of Participant, which rights are hereby expressly reserved by each, to terminate Participant&#x2019;s Service at any time for any reason, with or without cause.</font>
		</p>
		<p style="margin:0pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">IN WITNESS WHEREOF</font><font style="display: inline;color:#000000;">, the parties have executed this Agreement on the day and year first indicated above.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:216.9pt;">
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				<td colspan="2" valign="top" style="width:256.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="font-weight:bold;display: inline;color:#000000;">HALLADOR ENERGY COMPANY </font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">By:</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">_______________________________</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Name:</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="text-indent:0pt;margin-left:0pt; padding-right:185.2pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;text-decoration:underline;color:#000000;"></font></font></p>
				</td>
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						<font style="display: inline;color:#000000;">Title:</font></p>
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				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td colspan="2" valign="top" style="width:256.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="font-weight:bold;display: inline;color:#000000;">&#xFEFF;</font></p>
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="font-weight:bold;display: inline;color:#000000;">PARTICIPANT:</font></p>
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">_______________________________________</font></p>
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 5.4pt 0pt 0.9pt;font-family:Calibri;line-height:115%;font-size: 11pt">
						<font style="display: inline;color:#000000;">Signature:</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;border-bottom:1pt solid #000000 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">Address:</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;border-bottom:1pt solid #000000 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:58.50pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;color:#000000;">&#xFEFF;</font></p>
				</td>
				<td valign="top" style="width:198.00pt;padding:0pt 6.5pt">
					<p style="margin:0pt 0pt 12pt;border-bottom:1pt solid #000000 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 11pt">
			&nbsp;
		</p></div><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt;text-align:center;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">APPENDIX A</font>
		</p>
		<p style="margin:12pt 0pt 0pt;text-align:center;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">DEFINITIONS</font>
		</p>
		<p style="margin:12pt 0pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">The following definitions shall be in effect under the Agreement:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Agreement</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall mean this Restricted Stock Unit Issuance Agreement.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Award</font><font style="display: inline;color:#000000;"> shall mean the award of Restricted Stock Units made to Participant pursuant to the terms of the Agreement.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Award Date</font><font style="display: inline;color:#000000;"> shall mean the date the Restricted Stock Units are awarded to Participant pursuant to the Agreement and shall be the date indicated in Paragraph 1 of the Agreement.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Board</font><font style="display: inline;color:#000000;"> shall mean the Corporation&#x2019;s Board of Directors.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Change in Control</font><font style="display: inline;color:#000000;"> shall mean any change in control or ownership of the Corporation which occurs by reason of one or more of the following events:</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">the acquisition of any person or group of related persons (as determined pursuant to section 13(d)(3) of the 1934 Act) of beneficial ownership of securities of the Corporation representing fifty percent (50%) or more of the total number of votes that may be cast for the election of Board members, or</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-indent:72pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">stockholder approval of (A) any agreement for a merger or consolidation in which the Corporation will not survive as an independent corporation or other entity, or (B) any sale, exchange or other disposition of all or substantially all of the Corporation&#x2019;s assets.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:34pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;color:#000000;"></font></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">In determining whether a subparagraph (i) acquisition has occurred, the person acquiring beneficial ownership of the securities must be someone other than a person or an affiliate of a person that, as of April 8, 2008, is the beneficial owner of securities of the Corporation representing twenty percent (20%) or more of the total number of votes that may be cast for the election of Board members.&nbsp;&nbsp;In determining whether a subparagraph (ii) event has occurred, the conversion of the Corporation into a limited partnership or other form of entity shall not constitute a Change in Control unless another Change in Control event such as a subparagraph (i) acquisition occurs concurrently with such conversion.&nbsp;&nbsp;The Board&#x2019;s reasonable determination as to whether a Change in Control event has occurred shall be final and conclusive.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Code</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall mean the Internal Revenue Code of 1986, as amended.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Common Stock</font><font style="display: inline;color:#000000;"> shall mean the shares of the Corporation&#x2019;s common stock.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Corporation</font><font style="display: inline;color:#000000;"> shall mean Hallador Petroleum Company, a Colorado corporation, and any successor corporation to all or substantially all of the assets or voting stock of Hallador Petroleum Company, which has by appropriate action assumed the Award.</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Employee</font><font style="display: inline;color:#000000;"> shall mean an individual who is in the employ of the Corporation (or any Subsidiary, whether now existing or subsequently established), subject to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Fair Market Value</font><font style="display: inline;color:#000000;"> per share of Common Stock on any relevant date shall be determined in accordance with the following provisions:</font>
		</p>
		<p style="margin:0pt 36pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">If the Common Stock is listed upon one or more established Stock Exchanges, then the Fair Market Value per share shall be deemed to be the averages of the quoted closing prices of the Common Stock on such Stock Exchanges on the date for which the determination is made, or if no sale shall have been made on any Stock Exchange on that day, on the next preceding day on which there was such a sale.&nbsp; </font>
		</p>
		<p style="margin:0pt 36pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">If the Common Stock is not listed upon an established Stock Exchange but is actively traded on the NASDAQ System, the Fair Market Value per share shall be deemed to be the last reported sale price for the date for which the determination is made or (in the absence of any sale on such date) the mean between the dealer &#x201C;bid&#x201D; and &#x201C;ask&#x201D; closing prices of the Common Stock on the NASDAQ System on such day or, if there shall have been no trading or quotes of the Common Stock on that day, on the next preceding day on which there was such trading or quotes.&nbsp; </font>
		</p>
		<p style="margin:0pt 36pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">If none of the foregoing apply, the Fair Market Value per share shall be deemed to be an amount as determined in good faith by the Plan Administrator by applying any reasonable valuation method.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">1933 Act</font><font style="display: inline;color:#000000;"> shall mean the Securities Act of 1933, as amended.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">1934 Act</font><font style="display: inline;color:#000000;"> shall mean the Securities Exchange Act of 1934, as amended.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Participant</font><font style="display: inline;color:#000000;"> shall mean the person to whom the Award is made pursuant to the Agreement.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Plan Administrator</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall mean the particular persons or entity which are authorized to administer the Plan with respect to one or more classes of eligible persons, to the extent such persons or entities are carrying out administrative functions under the Plan with respect to the persons under its jurisdiction.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Restricted Stock Unit</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall mean each unit subject to the Award which shall entitle Participant to receive one (1) share of Common Stock upon the vesting of that unit.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Reorganization</font><font style="display: inline;color:#000000;"> shall mean the occurrence of any of the following transactions: </font>
		</p>
		<p style="margin:0pt 36pt 12pt;text-indent:36pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">the Corporation is merged or consolidated with another corporation or entity and the Corporation is not the surviving corporation or does not otherwise survive as the surviving entity, or </font>
		</p>
		<p style="margin:0pt 36pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">all or substantially all of the assets of the Corporation are acquired by another entity, or </font>
		</p>
		<p style="margin:0pt 36pt 12pt;text-indent:36pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;color:#000000;">the Corporation is liquidated or reorganized, </font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Service</font><font style="display: inline;color:#000000;"> shall mean Participant&#x2019;s performance of services for the Corporation (or any Subsidiary</font><font style="display: inline;color:#000000;">, whether now existing or subsequently established</font><font style="display: inline;color:#000000;">) in the capacity of an Employee, a non-employee member of the Board or a consultant or independent advisor,</font><font style="display: inline;color:#000000;"> except to the extent otherwise specifically provided in the documents evidencing the Award</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;Participant shall be deemed to cease Service immediately upon the occurrence of either of the following events: (i) Participant no longer performs services in any of the foregoing capacities for the Corporation (or any Subsidiary), or (ii) the entity for which Participant performs such services ceases to remain a Subsidiary of the Corporation, even though Participant may subsequently continue to perform services for that entity.&nbsp;&nbsp;Service shall not be deemed to cease during a period of military leave, sick leave or other personal leave approved by the Corporation. Except to the extent otherwise required by law or expressly authorized by the Plan Administrator or the Corporation&#x2019;s written leave of absence policy, no Service credit shall be given for vesting purposes for any period Participant is on a leave of absence.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Stock Exchange</font><font style="display: inline;font-weight:bold;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">shall mean the American Stock Exchange, the Nasdaq Global or Global Select Market, or the New York Stock Exchange.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="display: inline;font-weight:bold;text-decoration:underline;color:#000000;">Subsidiary</font><font style="display: inline;color:#000000;"> shall mean (i) any corporation (other than the Corporation) or other entity in an unbroken chain beginning with the Corporation, provided each such entity (other than the last entity) in the unbroken chain, owns, at the time of the determination, stock or other equity interests possessing fifty percent (50%) or more of the total combined voting power of all classes of stock or other voting interests in one of the other corporations or entities in such chain, or (ii) any entity that is directly or indirectly controlled by the Corporation.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9 ;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;line-height:100%;font-size: 12pt">
			<font style="font-weight:bold;text-decoration:underline;display: inline;color:#000000;">Withholding Taxes</font><font style="display: inline;color:#000000;"> shall mean (i) the employee portion of the federal, state and local employment taxes required to be withheld by the Corporation in connection with the vesting and concurrent issuance of the shares of Common Stock under the Award and (ii) the federal, state and local income taxes required to be withheld by the Corporation in connection with such vesting and issuance of those shares. </font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Calibri;line-height:115%;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;color:#000000;">&#xFEFF;</font>
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