Document:

EXHIBIT 10.3

AMENDMENT

TO ROCKDALE RESOURCES CORPORATION 

CONVERTIBLE  SECURED  PROMISSORY NOTES

This Amendment to Rockdale Resources Corporation Convertible Secured Promissory Notes (the "Amendment") is entered by and between Rockdale Resources Corporation, a Colorado corporation (the "Company") and Rick Wilber ("Holder"), effective as of June 3, 2016 (the "Effective Date").

WHEREAS, The Companies shareholders have approved resolutions at the Shareholders meeting held on April 14, 2016 changing then domicile of the Company from Colorado to Texas and the name of the Company to Petrolia Energy Corporation. These changes in no way affect the assets or liabilities of the Company and specifically the liabilities noted herein.

WHEREAS, the Company and Holder previously signed and entered into a Convertible Secured Promissory Note on June 17, 2013, in the original principal amount of $350,000.00; and

WHEREAS, the Company and Holder previously signed and entered into an Amended and Restated Convertible Secured Promissory Note on December 30, 2013, in the  original  principal amount of $200,000.00;

WHEREAS, the HOLDER is the current owner and holder of the above described two (2) promissory notes (collectively, herein called the "Notes"); and

WHEREAS, pursuant to Paragraph 6.3 of the Notes, the Company and the Holder desire to amend the terms of the Notes.

NOW THEREFORE, for value received, the Company and the Holder hereby mutually agree to amend the Notes, as more particularly set forth below:

The maturity date of both Notes is and shall be extended to December 31, 2016.

The Company shall make the interest payments scheduled on Paragraph 1 of each of the Notes during the term of the Notes.

If at any time prior to December 31, 2016, the Company pays to Holder the principal amount of $500,000.00 on the Notes (together with  all accrued interest), the Company shall automatically receive a $50,000.00 discount on the principal amount, thereby automatically reducing the principal amount of the Notes from $550,000.00 to $500,000.00.

If  the  Notes  are fully paid by  the Company, all existing warrants currently attached, relating or pertaining in any manner whatsoever to the Notes to which the Holder is entitled will automatical1y be extinguished , and  the Company will issue new warrants to the Holder to provide for the purchase of 500,000 shares of stock at $.15 cents per share at any time for  the  following  five  (5)  years from date of issuance of the new warrants.

 

If the Company fails to pay to the Holder the principal amount of $500,000.00 prior to December 31, 2016, this amendment shall be null and void, and the original  terms of the original Notes shall be reinstated, meaning  both Notes will be  past  due and bear interest at the default rate provided in the Notes and the Holder  shall be  entitled to the warrants provided for in the Note.  Additionally. The Holder shall be entitled to receive the new warrants for 500,000 shares provided for in Paragraph 4., above.

This Amendment embodies the entire agreement between   the   Company and the Holder with respect to the amendment of the Notes. In the event of any conflict or inconsistency  between  the provisions of the Notes and this Amendment, the provisions of this Amendment shall control and govern.

Except as specifically modified and amended herein, all  of  the terms, provisions, requirements and specifications contained in the Notes are and shall remain in full force and effect.

Except as otherwise expressly provided herein, the parties do not intend to, and the execution of this Amendment shall  not,  in  any manner whatsoever impair the Notes, the purpose of this Amendment being simply  to  amend  and ratify the Agreement , as hereby  ended and ratified,  and to confirm and carry forward  the Agreement,  as hereby  amended, in full force and effect.

This Amendment may be executed in counterparts, but  all counterparts shall constitute  one and the same document.  Electronic or facsimile signatures on this Amendment shall be accepted  and deemed valid for all purposes as if an original signed signature.

IN WITNESS WHEREOF, the Company and the Holder have executed this Amendment, effective as of the Effective Date, defined above.

 

COMPANY:

 

                                                                                         

 

 

 

ROCKDALE RESOURCES CORPORATION

 

By:                                                                                          

Name:

 

Title:Exhibit 10.1

SHARES PURCHASE AGREEMENT

 

THIS SHARES PURCHASE
AGREEMENT is made and entered into on August 23, 2016, by and between Preformed Line Products Company, an Ohio corporation (“Purchaser”),
and the trustee under the Irrevocable Trust Agreement Between Barbara P. Ruhlman and Bernard L. Karr, dated July 29, 2008 (“Seller”).

 

RECITALS

 

A.            Purchaser’s
common shares, $2 par value, are traded on the NASDAQ National Market (the “NASDAQ”) under the symbol “PLPC”
and Purchaser is a reporting company under the Securities Exchange Act of 1934, as amended. As a result, financial and other material
business information about Purchaser is publicly available.

 

B.            Seller
is the trustee of a trust established by a shareholder and director of Purchaser. The Business Advisors of the trust are Robert
Ruhlman, the Chairman, President, Chief Executive Officer, Board Member of Purchaser and a shareholder, and Randall Ruhlman, a
shareholder of Purchaser. The trust is the owner of 876,294 common shares of Purchaser;

 

C.            Seller
approached Purchaser regarding Seller’s desire to sell 25,974 of Seller’s common shares to Purchaser (the “Shares”);

 

D.            In
response to Seller’s inquiry, Purchaser after due consideration, including the review and approval of the proposed transaction
by (i) the Company’s Audit Committee of the Board of Directors (appointed as a special committee to review the proposed transaction),
which is comprised solely of independent directors, and (ii) the Board of Directors, expressed a desire to purchase the Shares,
under the terms and conditions hereinafter set forth:

 

Accordingly, for good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows.

 

AGREEMENT

 

1.            Purchase
and Sale of Shares. Upon the execution and delivery of this Agreement, Seller shall sell, transfer, assign, bargain and convey
to Purchaser 25,974 common shares at a purchase price of $44.66 per share. Seller shall deliver the Shares via a
DWAC transfer to the Preformed Line Products account at Computershare. Purchaser shall pay Seller $1,159,998.84 (the “Purchase
Price”) for the Shares by the delivery of cash by wire transfer to Seller’s bank account or accounts. Seller has provided
Purchaser with written wire transfer instructions. The parties acknowledge and agree that the Purchase Price was negotiated in
good faith between the parties and that, in connection with such negotiations, references were made by the parties to Purchaser’s
historical trading prices on the NASDAQ.

 

2.            Representations
and Warranties of Purchaser. Purchaser hereby represents and warrants to Seller as follows:

 

(a)          Purchaser
has the requisite power and authority to execute, deliver and perform its obligations under this Agreement. This Agreement constitutes
the valid and binding obligation of Purchaser enforceable against it in accordance with its terms, except as such enforceability
may be limited by bankruptcy, moratorium or other laws relating generally to the enforcement of creditors’ rights.

 

     

     

    

 

 

(b)          The
execution, delivery and performance of this Agreement does not and will not (i) violate any law, regulation, judgment, decree,
order or other directive of any court or governmental agency currently applicable to or binding upon Purchaser, or (ii) breach
or constitute a default under any agreement to which Purchaser is a party or by which it is bound.

 

3.            Representations,
Warranties and Covenants of Seller. Seller hereby represents and warrants to Purchaser as follows:

 

(a)          Seller
has the requisite power and authority to execute, deliver and perform his obligations under this Agreement, having received written
authorization to proceed with the sale from the Business Advisors to the trust. This Agreement constitutes the valid and binding
obligation of Seller enforceable against Seller in accordance with its terms.

 

(b)          The
execution, delivery and performance of this Agreement does not and will not (i) violate any law, regulation, judgment, decree,
order or other directive of any court or governmental agency applicable to or binding upon Seller, or (ii) breach or constitute
a default under any agreement to which Seller is a party or by which Seller is bound.

 

(c)          Seller
is the owner of the Shares of the Purchaser being sold, assigned, bargained and conveyed pursuant hereto. Upon the sale to Purchaser,
Purchaser will acquire the Shares being transferred, free from any security interest, pledge, option, equity, claim or other right
or interest of any kind.

 

(d)          Seller
has received and carefully reviewed Purchaser’s filings with the Securities and Exchange Commission and Purchaser’s
press releases posted on Purchaser’s website (the filings and press releases, the “Purchaser Disclosure”) and
has had full access to Purchaser’s other directors and executives for purposes of discussion the Company’s condition,
operations and plans. Seller acknowledges that no oral representations have been made or information furnished to Seller or Seller’s
representatives that are in any way inconsistent with the Purchaser Disclosure. Seller confirms that no representations, warranties,
or other agreements (whether express or implied) have been made by Purchaser with respect to the transactions contemplated hereby,
except for those representations, warranties, and agreements that are specifically set forth in this Agreement.

 

(e)          Seller,
to the extent necessary, shall, without additional consideration, take such additional or further actions and execute such other
or further documents as may be reasonably requested by Purchaser in order to evidence, confirm or carry out the transactions contemplated
hereby.

 

     

     

    

 

4.            Miscellaneous.

 

(a)          Governing
Law. This Agreement shall be construed in accordance with and governed by the laws of the State of Ohio.

 

(b)          Amendment;
Waiver. No modification, amendment or waiver of any provision of this Agreement will be effective unless such modification,
amendment or waiver is in writing and signed on behalf of the parties hereto. The failure of any party to enforce any of the provisions
of this Agreement will in no way be construed as a waiver of such provisions and will not affect the right of such party thereafter
to enforce each and every provision of this Agreement in accordance with its terms.

 

(c)          Construction.
The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement. The
Recitals are incorporated by reference and made a part of this Agreement.

 

(d)          Binding
Agreement. Except as otherwise provided herein, this Agreement will bind and inure to the benefit of and be enforceable by
Purchaser and Seller and their respective successors and assigns.

 

(e)          Counterparts.
This Agreement may be executed in counterparts, each of which, when executed, will be an original and all of which taken together
will constitute one and the same agreement.

 

(f)          Entire
Agreement. This Agreement embodies the complete agreement and understanding between the parties hereto with respect to the
subject matter hereof and supersedes or incorporates all prior or contemporaneous understandings, agreements or representations
by or among the parties, written or oral, which may have related to the subject matter hereof in any way.

 

IN WITNESS WHEREOF,
this Agreement has been executed on behalf of the parties on the date first written above.

 

	SELLER	 
	 	 
	 	 
	Bernard L. Karr, Trustee, under the Irrevocable	 
	Trust Agreement dated July 29, 2008.	 
	 	 
	PURCHASER	 
	 	 
	PREFORMED LINE PRODUCTS COMPANY	 
	 	 	 
	By:	 	 
	 	Eric Graef – Vice President – Finance

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