0001213900-15-006385 Sample Contracts

SECOND AMENDMENT TO ASSET PURCHASE AND SALE AGREEMENT
Asset Purchase and Sale Agreement • August 19th, 2015 • Lilis Energy, Inc. • Crude petroleum & natural gas

This Second Amendment to Asset Purchase and Sale Agreement (this “Amendment”) is entered into as of June 30, 2015, by and between SWAN EXPLORATION LLC, a Colorado limited liability company (“Seller”), and LILIS ENERGY, INC., a Nevada corporation (“Purchaser”). Seller and Purchaser are sometimes collectively referred to herein as the “Parties,” or individually as a “Party.”

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LILIS ENERGY, INC. 2012 EQUITY INCENTIVE PLAN NON-EMPLOYEE DIRECTOR STOCK OPTION AWARD AGREEMENT
Non-Employee Director Stock Option Award Agreement • August 19th, 2015 • Lilis Energy, Inc. • Crude petroleum & natural gas • Colorado

This Stock Option Award Agreement (the "Agreement"), is made as of the [ ] day of [ ], by and between Lilis Energy, Inc., a Nevada corporation (the "Company"), and [ ] (the "Participant").

Form of Non-Employee Director Award Agreement
Employee Director Award Agreement • August 19th, 2015 • Lilis Energy, Inc. • Crude petroleum & natural gas • Colorado

This Non-Employee Director Appointment Agreement ("Agreement"), is effective as of [ ] (the "Effective Date"), by and between Lilis Energy, Inc. a Nevada corporation (the "Company") and [ ] ("Director").

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