Daybreak Oil & Gas, Inc. Watch

from 10-K 4 pages Re: Equity Exchange Agreement Dated as of October 20, 2021 (The “Exchange Agreement”) Entered Into by and Among Daybreak Oil and Gas, Inc., a Washington Corporation (“Daybreak”), Reabold California LLC, a California Limited Liability Company (“Reabold”), and Gaelic Resources Ltd., a Private Company Incorporated in the Isle of Man and the 100% Owner of Reabold (“Gaelic”), as Amended by a Letter Agreement Dated February 22, 2022 (The “First Letter Agreement”) Dear Gaelic: This Letter Agreement (This “Letter Agreement”) Is by and Between Daybreak and Gaelic, Is Effective as of the Date of This Letter (The “Effective Date”), and Serves to Memorialize Our Conversation Earlier Today. Unless Otherwise Stated, Terms and Expressions Defined in the Exchange Agreement and the First Letter Agreement Have the Same Meanings in This Letter Agreement. in Consideration of the Agreements Contained in This Letter Agreement, and Other Good and Valuable Consideration the Receipt and Sufficiency of Which Are Hereby Acknowledged, and Intending to Be Legally Bound, Daybreak and Gaelic Hereby Agree as Follows: A. the “Long-Stop Date” as Defined in Section 9.01(b) of the Exchange Agreement Is Hereby Amended to Be May 31, 2022

from 10-K 4 pages Re: Equity Exchange Agreement Dated as of October 20, 2021 (The “Exchange Agreement”) Entered Into by and Among Daybreak Oil and Gas, Inc., a Washington Corporation (“Daybreak”), Reabold California LLC, a California Limited Liability Company (“Reabold”), and Gaelic Resources Ltd., a Private Company Incorporated in the Isle of Man and the 100% Owner of Reabold (“Gaelic”) Dear Gaelic: This Letter Agreement (This “Letter Agreement”) Is by and Between Daybreak and Gaelic, Is Effective as of February 14, 2022 (The “Effective Date”), and Serves to Memorialize Our Conversation Earlier Today. in Consideration of the Agreements Contained in This Letter Agreement, and Other Good and Valuable Consideration the Receipt and Sufficiency of Which Are Hereby Acknowledged, and Intending to Be Legally Bound, Daybreak and Gaelic Hereby Agree as Follows: A. the “Long-Stop Date” as Defined in Section 9.01(b) of the Exchange Agreement Is Hereby Amended to Be April 29, 2022

from 8-K 78 pages Equity Exchange Agreement

from 10-Q 16 pages Asset Purchase Agreement

from 8-K 6 pages Daybreak Oil and Gas, Inc. 601 West Main Avenue, Suite 1012 Spokane, Washington 99201 Attn.: Mr. James Westmoreland, President Re: Exchange Option Agreement, East Slopes Project, San Joaquin Basin, California Dear Jim