Document:

EX-10.6

 Exhibit 10.6 

PAR PETROLEUM CORPORATION 
 AWARD
OF RESTRICTED STOCK UNITS 
 (Canada) 

In this Award, Par Petroleum Corporation (the “Company”) grants [name] (the
“Participant”), an Employee, Restricted Stock Units (“RSUs”) which upon becoming “Vested” (as provided below), on the applicable “Vesting
Date” (as defined below), will entitle the Participant to receive the number of shares of Stock equal to the number of RSUs granted hereunder that have become vested on that date. All terms and conditions of the RSUs and Stock that may be
issued are granted under and governed by the terms of the Par Petroleum Corporation 2012 Long Term Incentive Plan (“Plan”) and this Award. All capitalized terms not defined in this Award shall have the meaning
of such terms as provided in the Plan. 
 1. The “Date of Grant” is
                    . 
  

2. The total number of RSUs granted is
                    . 
 3. The RSUs
granted in this Award shall vest as follows: 
 The Participant shall not be entitled to any the RSUs and such RSUs cannot be
transferred unless he or she is continuously in Service from the Grant Date through the Determination Date as defined herein. The number of shares of RSUs that may be vested and have shares of Stock issued with respect thereto will be determined by
the Committee on the date and as provided under the Par Petroleum Corporation Discretionary Long Term Incentive Plan for 2014 (the “Determination Date”) and shall be specified by the Committee on Exhibit A of this Award (the
“Total Number”). Any RSUs under item 2 that are not specified by the Committee as the Total Number on Exhibit A shall be forfeited and the Participant shall have no rights with respect to such RSUs or the right to receive any
Stock related thereto.  
 Subject to Item 4 below, the transfer restrictions and substantial risk of
forfeiture imposed in the foregoing paragraph shall lapse for the percentage of the Total Number of RSUs on the applicable dates (each a “Vesting Date”) as follows: as to 33.3% of the Total Number on the first anniversary of
the Determination Date, as to 33.3% of the Total Number on the second anniversary of the Vesting Date and as to 33.4% of the Total Number on the third anniversary of the Determination Date. The RSUs with respect to which such restrictions have
lapsed are referred to as “Vested.”  
 4. Other Vesting Events after the Determination Date are as
follows: 
 Notwithstanding the foregoing vesting criteria in item 3, the Total Number of outstanding RSUs that have not been previously
forfeited will be Vested upon the date of the occurrence of any one of the following “Vesting Events” that occur after the Determination Date, on the date of the Vesting Event: (a) Participant’s termination of
employment with the Company and its Affiliates due to death or Disability, (b) the Participant’s termination of employment by the Company and its Affiliates without Cause, or (c) upon a Change in Control. The date of the occurrence of
one of the Vesting Events shall be the Vesting Date for purposes of this Award so long as the Participant has been continuously employed with the Company or a Company Affiliate from the Date of the Grant through the date of the Vesting Event. 

 5. Other Terms and Conditions: 

(a) No Fractional Shares. All provisions of this Award concern whole shares of Stock. If the application of any provision
hereunder would yield a fractional share, such fractional share shall be rounded down to the next whole share if it is less than 0.5 and rounded up to the next whole share if it is 0.5 or more. 

(b) Not an Employment or Service Agreement. This Award is not an employment agreement, and this Award shall not be, and no
provision of this Award shall be construed or interpreted to create any right of Participant to continue employment with or provide services to the Company or any of its Affiliates. 

(c) Code Section 409A. To the extent that this Award of RSUs is deferred compensation subject to Code Section 409A,
this Award is intended and will be interpreted to comply with the requirements of Code Section 409A, and the Committee shall use the applicable definitions from Code Section 409A in the administration of this Award, such as a more
restrictive definition of Change in Control to comply with Code Section 409A to the extent that it is required and a termination of employment shall mean a Separation from Service (as defined below). To the extent required by Code
Section 409A, if the Participant is Specified Employee (as defined below), a distribution on account of a Separation from Service may not be made before the date which is the first business day that is six months after the date of the
Participant’s Separation from Service (or, if earlier, the date of the Participant’s death). For purposes of the foregoing, the terms “Separation from Service” and “Specified Employee,” shall
be defined in the same manner as those terms are defined for purposes of Section 409A of the Code, and the limitations set forth herein shall be applied in such manner (and only to the extent) as shall be necessary to comply with any
requirements of Section 409A of the Code that are applicable to this Award. To the extent that this Award is subject to Code Section 409A, the Committee shall not have any discretion otherwise provided in this Plan to the extent such
discretion is prohibited under Code Section 409A with respect to deferred compensation including, without limitation, any discretion to accelerate or substitute under Section 25. In addition, if this Award is subject to Code
Section 409A, the Committee may interpret or amend this Award to comply with Code Section 409A without the Participant’s consent even if such amendment would have an adverse effect on this Award. 

(d) Independent Tax Advice and Acknowledgments. The Participant acknowledges he or she has been advised to consult his or her
tax advisor with respect to this Award and the tax consequences of this Award and any payments hereunder. None of the Company, any Company Affiliate nor any officer, director, employee, shareholder or any agent of any of them guarantees or is
responsible for the tax consequences to a Participant with respect to this Award under the Plan and the administration of this Award and Plan, including without limitation, any excise or penalty tax or interest under Code Section 409A.
Participant acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award subject to all the terms and provisions of the Plan and this Award. 

 (e) This Award supersedes and replaces all prior agreements and understandings,
oral or written, between the Company, Texadian Energy Canada Limited, or any of their Affiliates and the Participant regarding this Award and the RSUs and by his or her signature below the Participant acknowledges the same. 

(f) The Committee has determined in connection with this Award that the Participant may elect to have the Company withhold that
number of shares of Stock otherwise deliverable to the Participant when the RSUs become Vested or to deliver to the Company a number of shares of Stock, in each case, having a Fair Market Value on the date of Vesting equal to the minimum amount
required to be withheld for taxes as a result of such exercise. The election must be made in writing and must be delivered to the Company prior to the date of Vesting. If the number of shares so determined shall include a fractional share, the
Participant shall deliver cash in lieu of such fractional share. All elections shall be made in a form approved by the Committee and shall be subject to disapproval, in whole or in part by the Committee. 

The RSUs granted hereunder and the issuance of the Stock will be subject to all applicable federal, state and local taxes domestic and foreign
and withholding requirements (including, without limitation, any withholding required under any other employee benefit plan maintained by the Company or a Company Affiliate). The Participant hereby agrees to accept as binding, conclusive, and final
all decisions or interpretations of the Committee or the Board, as appropriate, upon any questions arising under the Plan or this Award. 
  

					
	PARTICIPANT:
		
	Signature:	 	  

	Date:	 	  

 
					
	
	PAR PETROLEUM CORPORATION
		
	By:	 	  

		 	Christopher M. Micklas, Chief Financial Officer
	Date:	 	  

 EXHIBIT A 

Total Number of SharesEX-10.7

 Exhibit 10.7 

PAR PETROLEUM CORPORATION 

NONSTATUTORY STOCK OPTION AGREEMENT 

(Employee) 
 1. Grant of
Stock Option. As of                     (the “Grant Date”) Par Petroleum Corporation, a Deleware corporation (the
“Company”), hereby grants a Nonstatutory Stock Option (the “Option”) to [name] (the “Optionee”), an Employee of the Company, to purchase the number of shares of the Company’s common stock (the
“Stock”) identified below, subject to the terms and conditions of this agreement (the “Agreement”) and the Par Petroleum Corporation 2012 Long Term Incentive Plan (the “Plan”) which is hereby
incorporated herein in its entirety by reference and is attached as Exhibit A. The Option is not an “incentive stock option” as defined in Section 422 of the Internal Revenue Code. 

2. Definitions. All capitalized terms used herein shall have the meanings set forth in the Plan unless otherwise specifically
provided herein. 
 3. Option Term. The Option shall commence on the Grant Date and terminate on the date immediately prior to
the fifth (5th) anniversary of the Determination Date, as defined below. The period during which the Option is in effect and may be exercised is referred to herein as the “Option
Period.” 
 4. Number of Shares of Stock and Option Price. The number of shares of Stock subject to this Option is
                    . The “Option Price” per share of Stock is
                    , which is the “Fair Market Value,” as defined in the Plan, per share of Stock on the Grant Date. 

5. Vesting. The Options granted will only become exercisable and vested if the Optionee is continuously providing Service to the
Company or a Company Affiliate from the Grant Date through the date the Committee determines the number of Option shares that will be exercisable under the Par Petroleum Corporation Discretionary Long Term Incentive Plan for 2014 (the
“Determination Date”). The number of shares of Stock subject to the Option that the Committee determines will be exercisable will be specified on Exhibit A as the “Total Number.” Shares of Stock subject to Option
specified in Section 4 that are not specified by the Committee as the Total Number on Exhibit A shall be forfeited and the Option shall have no right with respect thereto. This Option may be exercised for the number of Total Number of shares of
Stock subject to the Option on or after the “Vesting Dates” as follows: one-third (1/3) on the first anniversary of the Determination Date, and one-third (1/3) of each subsequent anniversary of the Determination Date until
fully vested provided that the Optionee is continuously providing Services to the Company or a Company Affiliate through the applicable Vesting Date. The Option may be exercised at any time after the applicable Vesting Date, in whole or in part,
during the Option Period; provided, however, the Option may only be exercisable to acquire whole shares of Stock. The right of exercise provided herein shall be cumulative so that if the Option is not exercised to the maximum extent permissible
after vesting, the vested portion of the Option shall be exercisable, in whole or in part, at any time during the Option Period. 

 6. Method of Exercise. The Option is exercisable by delivery of a written notice to
the Secretary of the Company, at the address for notices to the Company provided below, signed by the Optionee, specifying the number of shares of Stock to be acquired on, and the effective date of, such exercise. The Optionee may withdraw notice of
exercise of this Option, in writing, at any time prior to the close of business on the business day preceding the proposed exercise date. In this Award, the Committee has determined that the Optionee may elect to have withheld from the number of
shares of Stock to be issued in connection with the exercise the number of shares equal to the Option Price (a cashless exercise), provided that election shall be on a form as determined by the Committee and the Committee may in its sole discretion
may disapprove of such election. 
 7. Restrictions on Exercise. The Option may not be exercised if the issuance of such Stock
or the method of payment of the consideration for such Stock would constitute a violation of any applicable federal or state securities or other laws or regulations, including any laws or regulations or Company policies respecting blackout periods,
or any rules or regulations of any stock exchange on which the Stock may be listed. 
 8. Termination of Employment. If
Optionee’s Service is terminated for any reason prior to the Determination Date the Option shall be forfeited. Voluntary or involuntary termination of the Optionee’s Service with the Company and its Affiliates or any successor thereto
after the Determination Date shall affect Optionee’s rights under the Option as provided in Section 9 of the Plan. 
 9.
Independent Legal and Tax Advice. Optionee acknowledges that the Company has advised Optionee to obtain independent legal and tax advice regarding the grant and exercise of the Option and the disposition of any Stock acquired thereby.

 10. No Rights in Stock. Subject to the terms of the Plan, Optionee shall have no rights as a stockholder until the
Optionee becomes the record holder of such Stock, or upon a Change in Control, with respect to the Stock. 
 11. Investment
Representation. Optionee will enter into such written representations, warranties and agreements as Company may reasonably request in order to comply with any federal or state securities law. Moreover, any stock certificate for any Stock
issued to Optionee hereunder may contain a legend restricting their transferability as determined by the Company in its discretion. Optionee agrees that Company shall not be obligated to take any affirmative action in order to cause the issuance or
transfer of Stock hereunder to comply with any law, rule or regulation that applies to the Stock subject to the Option. 
 12. No
Guarantee of Employment or Services. The Option shall not confer upon Optionee any right to continued employment or Services with the Company or any Company Affiliate. 

13. Withholding of Taxes. The Option is subject to and the Company shall have the right to take any action as may be necessary or
appropriate to satisfy any federal, state, or local (foreign and domestic) tax and withholding obligations upon exercise of the Option. The Committee has determined in connection with this Award, the Participant may elect to have the Company
withhold that number of shares of Stock otherwise deliverable to the Participant upon the exercise of the Option or to deliver to the Company a number of shares of Stock, in each case, having a Fair Market Value on the date of exercise equal to the
minimum amount required to be withheld for taxes as a result of such exercise. The election must be made in writing and must be delivered to the Company prior to the date of exercise. If the number of shares so determined shall include a fractional
share, the Participant shall deliver cash in lieu of such fractional share. All elections shall be made in a form approved by the Committee and shall be subject to disapproval, in whole or in part by the Committee. 

  
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 14. General. 

(a) Notices. All notices under this Agreement shall be mailed or delivered by hand to the parties at their
respective addresses set forth beneath their signatures below or at such other address as may be designated in writing by either of the parties to one another. Notices shall be effective upon receipt. 

(b) Nontransferability of Option. The Option granted pursuant to this Agreement is not transferable other than by
will or by the laws of descent and distribution or by a qualified domestic relations order (as defined in Section 4l4(p) of the Internal Revenue Code). The Option will be exercisable during Optionee’s lifetime only by Optionee or by
Optionee’s legal representative in the event of Optionee’s Disability. No right or benefit hereunder shall in any manner be liable for or subject to any debts, contracts, liabilities, obligations or torts of Optionee. 

(c) Amendment and Termination. No amendment, modification or termination of the Option or this Agreement shall be
made at any time without the written consent of Optionee and Company. 
 (d) No Guarantee of Tax Consequences,
Legal Consult. The Company and the Committee make no commitment or guarantee that any federal or state tax treatment will apply or be available to any person eligible for benefits under the Option. The Optionee has been advised and been provided
the opportunity to obtain independent legal and tax advice regarding this Award including, without limitation, with respect to the grant and exercise of the Option and the disposition of any Stock acquired thereby. 

(e) Severability. In the event that any provision of this Agreement shall be held illegal, invalid, or
unenforceable for any reason, such provision shall be fully severable, but shall not affect the remaining provisions of the Agreement, and the Agreement shall be construed and enforced as if the illegal, invalid, or unenforceable provision had not
been included herein. 
 (f) Supersedes Prior Agreements. This Agreement shall supersede and replace all prior
agreements and understandings, oral or written, between the Company and the Optionee regarding the grant of the Options covered hereby. 

(g) Governing Law. The Option shall be construed in accordance with the laws of the State of Deleware without
regard to its conflict of law provisions, to the extent federal law does not supersede and preempt Deleware law and venue shall be in Harris County, Texas. 

  
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 15. Counterparts: This Agreement may be executed in multiple original counterparts,
each of which shall be deemed an original, but all of which together shall constitute but one and the same instrument. 
 [SIGNATURE PAGE
FOLLOWS] 

  
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 IN WITNESS WHEREOF, the Company, as of the Grant Date has caused this Agreement to be executed on
its behalf by its duly authorized officer and Optionee has hereunto executed this Agreement as of the same date. 
  

					
	PAR PETROLEUM CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	OPTIONEE:
	
	  

	Signature
	
	  

	Printed Name
	Address:	 	  

		 		 	  

		 		 	  

  
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 EXHIBIT A 

Total Number of Shares 

  
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