Date: January 17, 2014 WARRANT FOR THE PURCHASE OF SHARES OF COMMON STOCK OF LILIS ENERGY, INC.Warrant Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas
THIS IS TO CERTIFY that, for value received, David E. Castaneda and his successors and assigns (collectively, the “Holder” or “Holders”), are entitled to purchase, subject to the terms and conditions hereinafter set forth, Two Hundred and Fifty Thousand (250,000) shares of Lilis Energy, Inc., a Nevada corporation (the “Company”) common stock, $0.0001 par value per share (the “Common Stock”), and to receive certificates for the Common Stock so purchased. The exercise price of this Warrant is $2.33 (two dollar and thirty three cents) per share (the “Exercise Price”). This Warrant is issued in connection with the Management Consulting Agreement between Holder and the Company dated January 17, 2013 (the “Consulting Agreement”).
EMPLOYMENT AGREEMENTEmployment Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • Colorado
THIS EMPLOYMENT AGREEMENT (“Agreement”) is made by and between Lilis Energy, Inc., a Nevada corporation (the “Company”), and Robert A. Bell, an individual (“Executive”), effective as of May 1, 2014 (the “Effective Date”).
Re: Engagement Agreement for Financial Advisory ServicesEngagement Agreement for Financial Advisory Services • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • New York
Lilis Energy, Inc.Transaction Fee Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas
As discussed, this letter, when executed in the space indicated below, shall constitute our amendment to the above-referenced Transaction Fee Agreement between Lilis Energy, Inc. and T.R. Winston & Company, LLC.
Lilis Energy, Inc. Denver, CO 80203Investment Banking Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas
This letter agreement (this “Letter Agreement”) sets forth the mutual desire of the Parties to terminate the Investment Banking Agreement. Now, therefor, in consideration of the mutual covenants contained in this Letter Agreement and other good and valuable consideration, the receipt and sufficiency of which the Parties acknowledge, the Parties agree as follows:
THIS TRANSACTION FEE AGREEMENT (this “Agreement”) is made as of the 28th day of March, 2014. BETWEEN:Transaction Fee Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • New York
Lilis Energy, Inc. Denver, CO 80203Investment Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • Colorado
This letter agreement sets forth the agreement between Lilis Energy, Inc. (the “Company”) and T.R. Winston & Company (“TRW”) regarding investment by TRW in the Company’s Series A 8% Convertible Preferred Stock (the “Preferred Stock”). The Company and TRW accordingly agree as follows:
AMENDMENT TOCertificate of Designation of Preferences, Rights and Limitations of Series a 8% Convertible Preferred Stock • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • Nevada
This Amendment (“Amendment”), made as of June 12, 2014, by and between Lilis Energy, Inc., a Nevada corporation (the “Company”), and each holder executing a signature page hereto (the “Holders”), amends that certain Certificate of Designation of Preferences, Rights and Limitations of Series A 8% Convertible Preferred Stock, dated as of May 30, 2014 (the “Certificate of Designations”).
SECOND AMENDMENT TO 8% SENIOR SECURED CONVERTIBLE DEBENTURES DUE AUGUST 15, 20148% Senior Secured Convertible Debentures • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • New York
This Amendment (“Amendment”), made as of June 6, 2014, by and between Lilis Energy, Inc. f/k/a Recovery Energy, Inc., a Nevada corporation (the “Company”), and each holder executing a signature page hereto (the “Holders”), amends that certain Securities Purchase Agreement, dated as of February 2, 2011, as amended, between the Company and certain of the Holders as well as additional parties identified as holders on the signature pages thereto (the “Original Purchase Agreement”); that certain Securities Purchase Agreement, dated as of March 19, 2012, as amended, between the Company and certain of the Holders as well as additional parties identified as holders on the signature pages thereto (the “Second Purchase Agreement”); that certain Securities Purchase Agreement, dated as of June 18, 2013, as amended, between the Company and certain of the Holders as well as additional parties identified as holders on the signature pages thereto (the “Third Purchase Agreement” and together with the O
SEPARATION AGREEMENTSeparation Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas • Colorado
This Separation Agreement (this “Agreement”) is effective as of the 24th day of April, 2014, by and between Lilis Energy, Inc. (“Lilis” or the “Company”) and W. Phillip Marcum (“Marcum”). As used herein, “Parties” means, collectively, Lilis and Marcum, and “Party” means either Lilis or Marcum.
WARRANT FOR THE PURCHASE OF SHARES OF COMMON STOCK OF LILIS ENERGY, INC.Warrant Agreement • June 17th, 2014 • Lilis Energy, Inc. • Crude petroleum & natural gas
THIS IS TO CERTIFY that, for value received, David E. Castaneda and his successors and assigns (collectively, the “Holder” or “Holders”), are entitled to purchase, subject to the terms and conditions hereinafter set forth, One Hundred Thousand (100,000) shares of Lilis Energy, Inc., a Nevada corporation (the “Company”) common stock, $0.0001 par value per share (the “Common Stock”), and to receive certificates for the Common Stock so purchased. The exercise price of this Warrant is $2.00 (two dollars and zero cents) per share (the “Exercise Price”). This Warrant is issued in connection with the Management Consulting Agreement between Holder and the Company dated January 17, 2014 (the “Consulting Agreement”).
