Exhibit 10.1

OFFICER RETENTION AGREEMENT

This OFFICER RETENTION AGREEMENT (the “Agreement”), effective November 14, 2014
(the “Effective Date”), is made by and between Samson Resources Corporation (the
“Company”) and RANDY LIMBACHER (“Officer”) (collectively, the “Parties”).

WHEREAS, the Company recognizes assuring the continuity of employment of
officers of the Company, including Officer, is important to the continued
success of the Company; and

WHEREAS, the Company desires to provide additional incentives to assure that
Officer will remain employed by the Company through September 1, 2015 (the
“Retention Date”).

THEREFORE, in consideration of the foregoing and of the covenants contained
herein, the receipt and sufficiency of which are hereby acknowledged, the
Parties hereto agree as follows:

 

1. Retention Through the Retention Date.

If Officer remains continually employed by the Company from the Effective Date
through the Retention Date and satisfies the other terms and conditions of this
Agreement, Officer shall be entitled to: (a) accelerated vesting of Officer’s
restricted stock and stock options, in each case granted to Officer by the
Company or its affiliates under the Company’s 2011 Stock Incentive Plan, as it
may be amended from time to time (the “2011 SIP”) and outstanding as of the
Effective Date (such equity awards, the “Outstanding Awards”), (b) a retention
award (as described below) that shall be made through either (i) participation
in the Samson Resources Corporation Voluntary Severance Plan for Officers, as it
may be amended from time to time (the “Voluntary Severance Plan”) (subject to
Officer’s satisfaction of the notice and other conditions thereunder) or (ii) an
award of stock of the Company and (c) put rights and call rights on Outstanding
Awards and any award of common stock of the Company granted under this
Agreement, as applicable, all subject to the terms and conditions below:

1.1 Accelerated Vesting of Outstanding Awards. If Officer remains continually
employed by the Company through the Retention Date and satisfies the other terms
and conditions of this Agreement, any Outstanding Awards shall become fully
vested and, as applicable, exercisable as of the Retention Date.

 

  1.2 Retention Award.

1.2.1 Separation from Employment as of the Retention Date. The Committee has
adopted the Voluntary Severance Plan. If Officer satisfies the conditions of the
Voluntary Severance Plan and voluntarily terminates employment as of
September 1, 2015 in accordance therewith, Officer shall be entitled to the
payments and benefits contemplated by the Voluntary Severance Plan, a copy of
which is attached hereto as Appendix A (including Exhibit 1 thereto), and shall
not be entitled to any payments or benefits under this Agreement.

--------------------------------------------------------------------------------

1.2.2 Continuation of Employment after the Retention Date. If Officer remains
employed by the Company until the beginning of business on September 2, 2015 and
satisfies the other terms and conditions of this Agreement, the Company shall
grant Officer an award of common stock of the Company (“Stock”) under the 2011
SIP which shall be equal in value to two times (2x) the sum of Officer’s Base
Salary and Target Bonus (“New Award”). Stock awarded under this provision shall
be subject to the terms and conditions of a Management Stockholders Agreement
and issued based on the fair market value of the shares as of September 1, 2015,
which value is to be finally determined by one of Tudor, Pickering, Holt, & Co.;
Wells Fargo Advisors; RBC Bank; or Duff & Phelps Corporation, which shall be
chosen by the Committee, in its sole discretion (the value as so determined as
of any applicable date, the “Fair Market Value”). Stock awarded pursuant to this
provision shall be fully vested as of the date of grant, which shall be
September 2, 2015, and shall not be subject to repurchase or forfeiture for less
than the applicable Fair Market Value. Officer shall be entitled, in Officer’s
sole discretion, to satisfy in whole or in part any tax withholding requirements
and other applicable deductions with respect to the stock awarded pursuant to
this provision through the surrender to the Company of shares of Stock valued at
the applicable Fair Market Value, including without limitation, shares granted
pursuant to this Section 1.2.2.

 

  1.3 Put Rights and Call Rights on Outstanding Awards and New Awards.

1.3.1 Separation from Employment as of the Retention Date. If Officer satisfies
the conditions of the Voluntary Severance Plan and voluntarily terminates
employment as of September 1, 2015 in accordance therewith, Officer shall be
entitled to the put rights and call rights on Outstanding Awards contemplated by
the Voluntary Severance Plan.

1.3.2 Continuation of Employment after the Retention Date. If Officer remains
employed by the Company until the beginning of business on September 2, 2015 and
satisfies the other terms and conditions of this Agreement, in lieu of the
repurchase provisions provided for in Sections 4 and 5 of Officer’s management
stockholders agreement(s) entered into by and between Officer and the Company
(the “MSA”), for a period of thirty (30) days commencing on September 2, 2015
(such period, the “30-Day Put/Call Period”) (i) Officer may require the Company
to purchase (“Put”) all, but not less than all, of any Outstanding Awards and
New Awards or (ii) the Company may require Officer to

--------------------------------------------------------------------------------

sell (“Call”) all or any portion of any Outstanding Awards and New Awards, in
each case, at a price equal to Fair Market Value (less the exercise price in the
case of stock options) on the repurchase date. For the avoidance of doubt, for
purposes of this Section 1.3.2, the term Outstanding Awards shall include any
and all securities acquired by Officer upon the vesting, exercise and/or
settlement of any Outstanding Award. For the avoidance of doubt, if the Put or
Call are not exercised during the 30-Day Put/Call Period, the otherwise
applicable repurchase rights in the MSA shall apply and the “fair market value”
shall be determined under the MSA.

Except as expressly provided herein with respect to the determination of Fair
Market Value, the Put provided for hereunder shall be subject to the same terms
and conditions as set forth in Sections 4(b) through (e) of the MSA and the Call
provided for hereunder shall be subject to the same terms and conditions as set
forth in Sections 5(e) through (h) of the MSA.

 

2. Notice of Separation of Employment by Officer. No later than July 15, 2015,
Officer shall notify the Company of Officer’s intention to terminate employment
as of the Retention Date, to the extent applicable. Notice under this provision
shall be in writing and shall be deemed to have been duly given when delivered
or mailed by United States registered mail, return receipt requested, postage
prepaid, addressed, to the address set forth below:

Samson Resources Corporation

Two West Second Street

Tulsa, Oklahoma 74103

Attention: Corporate Secretary

 

3. Good Faith Negotiation of Future Compensation and Severance. Except where
Officer has provided timely notice no later than July 15, 2015 in accordance
with Section 2 that Officer intends to terminate employment with the Company as
of September 1, 2015, no later than June 1, 2015, the Parties agree to engage in
good faith negotiations to reach agreement concerning Officer’s compensation and
severance terms to be effective following the Retention Date.

 

4. No Right to Continued Employment. Nothing contained in this Agreement alters
any other terms or conditions of Officer’s employment. For the avoidance of
doubt, this Agreement does not, in any way, negate Officer’s employment-at-will
status with the Company, nor shall it be construed as, a contract for employment
for any length of time, or interfere with the rights of the Company to discharge
Officer from employment with or without Cause or with or without notice.

--------------------------------------------------------------------------------

5. Termination by the Company for Reason Other than Cause Prior to the Retention
Date. If Officer’s employment with the Company terminates for any reason (other
than by the Company for Cause) prior to the Retention Date, Officer shall be
entitled to receive the Accrued Rights on the next regularly scheduled payroll
date following the Separation Date (or such earlier date as may be required by
applicable law), except that any such Accrued Rights payable under an “employee
benefit plan” (within the meaning of Section 3(3) of ERISA) shall be paid as and
when provided by the terms of the applicable plan. In addition, if Officer’s
employment is terminated by the Company prior to the Retention Date for any
reason other than for Cause, in addition to any other payments, rights or
benefits to which Officer may become entitled under his Employment Agreement,
dated April 18, 2013 and any amendments thereto (the “Employment Agreement”),
Officer shall be entitled to: (a) accelerated vesting and, as applicable,
exercisability of Outstanding Awards as provided in Section 1.1 above (and, for
the avoidance of doubt, Officer shall be entitled, in Officer’s sole discretion,
to satisfy in whole or in part any tax withholding requirements and other
applicable deductions arising in connection with the vesting, settlement and/or
exercise of such awards through the surrender to the Company of shares of Stock
valued at the applicable Fair Market Value (as defined herein or in the 2011
SIP), including without limitation, shares obtained upon the exercise and/or
settlement of Outstanding Awards); and (b) Put Rights and Call Rights on
Outstanding Awards, as provided in Sections 5.1 and 5.2 below. The Company
agrees that Officer is not required to seek other employment or to attempt in
any way to reduce or mitigate any rights pursuant to this Section 5 (or under
the Employment Agreement). Further, the amount of any award or right provided
for under this Section 5 (or under the Employment Agreement) shall not be
reduced by any compensation earned by Officer as the result of employment by
another employer, by retirement benefits, by offset against any amount claimed
to be owed by Officer to the Company, or otherwise (except as expressly provided
herein).

 

  5.1 Put Rights and Call Rights on Outstanding Awards. In lieu of the
repurchase provisions provided for in Sections 4 and 5 of the MSA, for a period
of ninety (90) days commencing on September 2, 2015 (such period, the “90-Day
Put/Call Period”) (i) Officer may Put all, but not less than all, of any
Outstanding Awards or (ii) the Company may Call all or any portion of any
Outstanding Awards, in each case, at a price equal to Fair Market Value (less
the exercise price in the case of stock options) on the repurchase date. For the
avoidance of doubt, for purposes of this Section 5.1, the term Outstanding
Awards shall include any and all securities acquired by Officer upon the
vesting, exercise and/or settlement of any Outstanding Awards. For the avoidance
of doubt, if the Put or Call are not exercised during the 90-Day Put/Call
Period, the otherwise applicable repurchase rights in the MSA shall apply and
the “fair market value” shall be determined under the MSA.

--------------------------------------------------------------------------------

Except as expressly provided herein with respect to the determination of Fair
Market Value, the Put provided for hereunder shall be subject to the same terms
and conditions as set forth in Sections 4(b) through (e) of the MSA and the Call
provided for hereunder shall be subject to the same terms and conditions as set
forth in Sections 5(e) through (h) of the MSA.

 

  5.2 Notwithstanding anything herein to the contrary, in order to receive the
Put, as provided in this Section 5, Officer must execute and not revoke a Waiver
and Release of Claims Agreement, the form of which is attached hereto as
Appendix B.

 

6. Successors, Binding Agreement; Assignment.

 

  6.1 This Agreement shall be binding upon and inure to the benefit of the
Company and any successor of the Company, including without limitation, any
person acquiring, directly or indirectly, all or substantially all of the assets
of the Company, whether by merger, consolidation, sale or otherwise (and such
successor shall thereafter be deemed the “Company” for purposes of this
Agreement. In addition to any obligations imposed by law upon any successor to
the Company, to the extent not automatically transferred or assumed by operation
of law, the Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would
be required to perform it if no such succession had taken place.

 

  6.2 The Company’s obligations under this Agreement shall inure to the benefit
of and be enforceable by Officer’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If
Officer dies while any amount would still be payable to Officer hereunder (other
than amounts which, by their terms, terminate upon the death of Officer) if
Officer had continued to live, all such amounts shall be paid in accordance with
the terms of this Agreement to the executors, personal representatives or
administrators of Officer’s estate.

 

  6.3 Except as otherwise provided herein or by law, no right or interest of
Officer under this Agreement shall be assignable or transferable, in whole or in
part, either directly or by operation of law or otherwise, including, without
limitation, by execution, levy, garnishment, attachment, pledge or in any
manner; no attempted assignment or transfer thereof shall be effective; and no
right or interest of Officer under this Agreement shall be subject to, any
obligation or liability of Officer.

--------------------------------------------------------------------------------

7. Effect of Agreement on Other Benefits. This Agreement does not supersede or
void any severance plan, agreement or benefit of the Company to which Officer
may be entitled; provided, however, that if Officer becomes entitled to (i) an
award of Stock pursuant to Section 1.2 above, or (ii) payments and benefits
pursuant to Section 5 above, in either case, then Officer shall not be entitled
to any payments or benefits pursuant to the Voluntary Severance Plan, and
Officer shall have no further rights or interests thereunder. If the Company is
obligated by law, contract or pursuant to the terms of a Company-maintained plan
or agreement (including without limitation, the Employment Agreement) to pay
Officer other severance, termination or notice pay in connection with Officer’s
termination of employment with the Company prior to the Retention Date
(collectively, “Other Payments”), then the value or amount of the Retention
Award otherwise payable to Officer shall be reduced by the amount of any such
Other Payments actually paid to Officer (but not below zero), and in the event
that the amount of such Other Payments exceeds the full value or amount of the
Retention Award, the Retention Award shall be reduced to zero and Officer shall
instead receive the full amount of the Other Payments (the “Offset”).

 

8. Coordination of Benefits. Notwithstanding anything set forth herein to the
contrary, to the extent that (i) Officer becomes entitled to the Retention Award
hereunder, and (ii) any Other Payments also become payable under another Company
plan or agreement that triggers the Offset, then, to the extent required to
avoid accelerated taxation and/or tax penalties under Section 409A of the Code,
the Offset amounts shall instead be paid at such time or times provided for in
such other plan or agreement so as to avoid any such imposition of taxes or
penalties.

 

9. Governing Law. The validity, interpretation, construction and performance of
this Agreement shall, in all respects, be governed by the laws of the State of
Oklahoma.

 

10. Modification. This Agreement may only be modified or amended by a writing
executed by the Parties hereto. Any purported modification or amendment in any
other form shall be null and void ab initio.

 

11. Enforceability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

 

12. Attorneys’ Fees. In any suit brought to enforce the terms of this Agreement,
the prevailing party shall be entitled to recover all reasonable attorneys’
fees, costs and expenses incurred in such suit.

--------------------------------------------------------------------------------

13. Withholding. Any payments provided for hereunder shall be paid net of any
applicable withholding or other applicable taxes required under federal, state
or local law. In the event Officer receives a grant of Stock as provided in
Section 1.2 or becomes entitled to accelerated vesting, settlement and/or
exercisability of Outstanding Awards under Section 5 above, Officer shall be
entitled, in Officer’s sole discretion, to satisfy in whole or in part any tax
obligations associated with that grant, vesting, settlement and/or exercise, as
applicable, by surrendering shares of stock with a Fair Market Value (as defined
herein or in the 2011 SIP as applicable) equal to the applicable tax obligation.

 

14. Definitions.

 

  14.1 “Accrued Rights” means (i) any Base Salary earned by Officer through, but
not paid to Officer as of the Separation Date; (ii) Officer’s Target Bonus for
2014 (in full), to the extent not already paid to Officer; (iii) Officer’s
“Special Bonus,” as approved by the Committee on August 29, 2014 to the extent
not already paid to Officer; (iv) a prorated portion of Officer’s 2015 Target
Bonus determined by multiplying the 2015 Target Bonus by a fraction, the
numerator of which equals the number of days elapsed in 2015 through the
Separation Date and the denominator of which equals 365 (and, for the avoidance
of doubt, this amount shall equal zero if the Separation Date occurs in 2014);
and (v) any vested employee benefits to which Officer is entitled as of the
Separation Date (including properly incurred but unreimbursed business expenses
submitted for reimbursement on or prior to the Separation Date) under the
employee benefit plans of the Company (excluding any severance payments or
benefits under any (A) plans, policies or programs of the Company or any of its
affiliates or (B) agreements or arrangements with Officer, in each case, which
shall not constitute Accrued Rights hereunder).

 

  14.2 “Base Salary” shall mean Officer’s annual base salary as currently in
effect on August 31, 2015 disregarding any decrease that may occur between the
Effective Date and the Retention Date.

 

  14.3 “Cause” shall have the meaning set forth in the Employment Agreement.

 

  14.4 “Code” shall mean the Internal Revenue Code of 1986, as amended from time
to time.

 

  14.5 “Committee” shall mean the Compensation Committee of the Board of
Directors of the Company.

 

  14.6 “Separation Date” shall mean Officer’s final day of employment with the
Company.

--------------------------------------------------------------------------------

  14.7 “Target Bonus Opportunity” shall mean the annual target bonus
communicated to Officer for determining cash bonus opportunity, which is
calculated as a percentage of Officer’s Base Salary, disregarding any reduction
that may occur between the Effective Date and the Retention Date or Separation
Date, as applicable.

 

  14.8 “Target Bonus” shall mean Officer’s Target Bonus Opportunity for 2015
(or, if the Separation Date occurs in 2014, for 2014) multiplied by Officer’s
Base Salary.

 

15. Section 409A. The intent of the Parties is that payments and benefits under
this Plan be exempt from, or comply with, Section 409A of the Code, and
accordingly, to the maximum extent permitted, this Plan shall be interpreted and
administered to be in accordance therewith. Notwithstanding anything contained
herein to the contrary, Officer shall not be considered to have terminated
employment with the Company for purposes of any payments under this Agreement
which are subject to Section 409A of the Code until Officer would be considered
to have incurred a “separation from service” from the Company within the meaning
of Section 409A of the Code. Each amount to be paid or benefit to be provided
under this Agreement, including without limitation, each installment of the
Retention Award (if payable), shall be construed as a separate identified
payment for purposes of Section 409A of the Code, and any payments described in
this Plan that are due within the “short term deferral period” as defined in
Section 409A of the Code shall not be treated as deferred compensation unless
applicable law requires otherwise. Without limiting the foregoing and
notwithstanding anything contained herein to the contrary, to the extent
required in order to avoid accelerated taxation and/or tax penalties under
Section 409A of the Code, amounts that would otherwise be payable and benefits
that would otherwise be provided pursuant to this Plan during the six-month
period immediately following Officer’s separation from service shall instead be
paid on the first business day of the seventh month following Officer’s
separation from service (or, if earlier, death). To the extent required to avoid
accelerated taxation and/or tax penalties under Section 409A of the Code,
amounts reimbursable to Officer under this Agreement shall be paid to Officer
promptly following Officer’s substantiation thereof, but in any event, on or
before the last day of the calendar year following the calendar year in which
the expense was incurred and the amount of expenses eligible for reimbursement
(and in-kind benefits provided) during any one calendar year may not effect
amounts reimbursable or provided in any subsequent calendar year. The Company
makes no representation that any or all of the payments described in this
Agreement will be exempt from or comply with Section 409A of the Code and makes
no undertaking to preclude Section 409A of the Code from applying to any such
payment. Officer shall be solely responsible for the payment of any taxes and
penalties incurred under Section 409A of the Code.

--------------------------------------------------------------------------------

***SIGNATURES ON FOLLOWING PAGE***

--------------------------------------------------------------------------------

Samson Resources Corporation /s/ Philip W. Cook By:   Philip W. Cook Its:  
Authorized Signatory

 

Accepted and agreed to by: /s/ Randy L. Limbacher Randy L. Limbacher  

 

[ADDRESS]  

 

[ADDRESS] 11th day of November, 2014.

--------------------------------------------------------------------------------

Appendix A

VSP

--------------------------------------------------------------------------------

Appendix B

Release

--------------------------------------------------------------------------------

Appendix B

(To be Used ONLY for Terminations under Section 5 of the Officer Retention
Agreement)

FORM OF1

WAIVER AND RELEASE AGREEMENT

This Waiver and Release Agreement (this “Release”) is being entered into by and
between [OFFICER NAME] (“Officer”) and Samson Resources Corporation (“Company”),
subject to the terms and conditions set forth in this Release, for the purpose
of complying with the release requirements contained in the Officer Retention
Agreement (the “Retention Agreement”) by and between Officer and the Company. As
used in this Release, “Company” is defined as, shall mean and shall include
(i) Samson Resources Corporation and any of its subsidiaries or affiliates,
(ii) Samson Investment Company and any of its subsidiaries or affiliates
(including, without limitation, Samson Resources Company, Samson Lone Star, LLC,
Samson Offshore Company, Samson Contour Energy E&P, LLC and Samson Concorde Gas
Intrastate, Inc.), and (iii) any buyer of such entities identified in (i) and
(ii) above or any other successor to their business. Other than the terms
defined above, all capitalized and italicized terms appearing herein have the
meaning set forth in the Officer Retention Agreement.

Officer and Company acknowledge that a termination has occurred pursuant to
Section 5 of the Officer Retention Agreement as of [DATE OF TERMINATION]
(“Separation Date”) and in connection with such event, Officer is entitled to
receive the payments and benefits provided for under Section 5 of the Officer
Retention Agreement, subject to Officer’s execution (without revocation by
Officer) of this Release and such other obligations of Officer as set forth in
the Officer Retention Agreement required to receive the payments and benefits
provided thereunder.

 

1. Severance Benefits.

 

  1.1 In exchange for Officer’s promises in this Release, Company agrees to
tender to Officer the payments and benefits set forth in Section 5 of the
Officer Retention Agreement (the “Severance Payments”).

 

  1.2 Officer agrees that he/she will be entitled to receive such Severance
Payments only if Officer accepts, executes and does not revoke this Release,
which requires Officer to release both known and unknown claims occurring prior
to the date Officer signs this Release.

 

  1.3 Officer agrees that the Severance Payments tendered, under Section 5 of
the Officer Retention Agreement constitute fair and adequate consideration for
the execution of this Release and are extra benefits to which Officer would not
otherwise be entitled.

 

1  To be customized at time of termination solely to address bracketed items in
this Release, and updates to reflect any updates/successor statutes to those
laws referenced herein.

--------------------------------------------------------------------------------

  1.4 Officer has been fully compensated for all wages and fringe benefits,
including, but not limited to, paid and unpaid leave, due and owing, and such
Severance Payments are in addition to payments and benefits to which Officer is
otherwise entitled under applicable law and/or Company benefit plans (excluding
any severance plans, policies or programs of Company or any of its affiliates or
any agreements with Officers, in each case, under which Officer shall not be
entitled to any payments or benefits).

 

2. Claims That Are Being Released.

Officer agrees that this Release constitutes a full and final release by Officer
and Officer’s descendants, dependents, heirs, executors, administrators,
assigns, and successors, of any and all claims, charges, and complaints, whether
known or unknown, that Officer has or may have to date against Company and any
of its parents, subsidiaries or affiliated entities, or the agents, plans or
programs administering Company’s benefits, and their respective officers,
directors, managers, members, shareholders, Officers, predecessors, successors,
and assigns, arising out of or related to Officer’s employment and/or the
termination thereof, any agreements between Officer and Company, or otherwise
based upon acts, events or other sets of fact that occurred on or before the
date on which Officer signs this Release. To the fullest extent allowed by law,
Officer hereby waives and releases any and all such claims, charges, and
complaints in return for the Severance Payments as set forth in the Officer
Retention Agreement. This Release is intended to be as broad as the law allows,
and includes, but is not limited to, rights arising out of alleged violations of
any contracts, express or implied, any covenant of good faith or fair dealing,
express or implied, any tort or common law claims, any legal restrictions on
Company’s right to terminate Officers, and any claims under any federal, state,
municipal, local or other governmental statute, regulation, or ordinance,
including, without limitation:

 

  a. Claims of discrimination, harassment, or retaliation under equal employment
laws such as Title VII of the Civil Rights Act of 1964, the Americans with
Disabilities Act, the Age Discrimination in Employment Act, the Older Workers
Benefit Protection Act, the Rehabilitation Act of 1973, the Oklahoma
Anti-Discrimination Act, the Colorado Anti-Discrimination Act, the Texas Labor
Code and the Equal Pay Act, and any and all other federal, state, municipal, or
local equal opportunity laws;

 

  b. Claims of wrongful termination of employment; statutory, regulatory, and
common law “whistleblower” claims, claims under the Standards for Workplace Drug
and Alcohol Testing Act (Oklahoma); and claims for wrongful termination in
violation of public policy;

 

  c. Claims arising under the Employee Retirement Income Security Act of 1974,
except for any claims relating to vested benefits under Company’s or its
affiliates’ employee benefit plans, as applicable;

--------------------------------------------------------------------------------

  d. Claims arising under the Worker Adjustment and Retraining Notification Act
or similar state or local laws; and

 

  e. Claims of violation of federal, state, municipal, or local laws concerning
leaves of absence, such as the Family and Medical Leave Act.

 

3. Claims That Are Not Being Released.

 

  3.1 Notwithstanding the foregoing or anything contained herein to the
contrary, this Release shall not operate to release (a) any claims that may not
be released as a matter of law, (b) any claims or rights that arise after
Officer signs this Release, (c) any claims or rights with respect to the Accrued
Rights or the Severance Payments, (d) any claims or rights arising after Officer
signs this Release that Officer may have in Officer’s capacity as a stockholder
of the Company or to payments or benefits under any equity award agreement
between the undersigned and Company or (e) to any claims or rights, including
claims for indemnification and/or advancement of expenses, arising under any
indemnification agreement between Officer and the Company or under the bylaws,
certificate of incorporation or other similar governing document of Company.

 

  3.2 Further, this Release will not prevent Officer from doing any of the
following:

 

  a. Obtaining unemployment compensation, state disability insurance, or
workers’ compensation benefits from the appropriate agency of the state in which
Officer lives and works, provided Officer satisfies the legal requirements for
such benefits (nothing in this Release, however, guarantees or otherwise
constitutes a representation of any kind that Officer is entitled to such
benefits);

 

  b. Asserting any right that is created or preserved by the Officer Retention
Agreement or this Release, such as Officer’s right to receive the Severance
Payments; and

 

  c. Filing a charge, giving testimony or participating in any investigation
conducted by the Equal Employment Opportunity Commission or any duly authorized
agency of the United States or any state (however, Officer is hereby waiving the
right to file any claim or receive any personal monetary recovery or other
personal relief should the Equal Employment Opportunity Commission (or any
similarly authorized agency) pursue any class or individual charges in part or
entirely on Officer’s behalf).

--------------------------------------------------------------------------------

4. Additional Officer Covenants.

 

  4.1 Confidential or Proprietary Information. Officer agrees not to use, remove
from the Company’s premises, make unauthorized copies of or disclose any
confidential or proprietary information of the Company or any affiliated or
related entities, including but not limited to, trade secrets, know-how,
software, developments, inventions, processes, technology, designs, the
financial data, strategic business plans or any proprietary or confidential
information, documents or materials in any form or media, including any of the
foregoing relating to research, operations, finances, current and proposed
products and services, vendors, customers, advertising and marketing, and other
non-public, proprietary, and confidential information of the Company and any
affiliated or related entities.

 

  4.2 Code of Business Conduct and Ethics. Following the Separation Date,
Officer shall adhere to his/her continuing obligations under the Company’s Code
of Business Conduct and Ethics.

 

  4.3 Solicitation of Employees, Consultants and Other Parties. Officer agrees
that during the term of his or her employment, and for a period of 12 months
immediately following his or her Separation Date for any reason, Officer shall
not either directly or indirectly solicit, induce, recruit or encourage any of
the Company’s employees to terminate their relationship with the Company, or
attempt to solicit, induce, recruit, encourage or take away any of the Company’s
employees, either for Officer or for any other person or entity, and Officer
further agrees not to otherwise interfere with the relationship between Company
or any of the Company’s employees.

 

  4.4

Non-Disparagement. Officer agrees that he or she will not engage in any conduct
that is injurious, damaging or disparaging to the reputation and/or interest of
the Company, including its past and present parent companies, members, managers,
officers, shareholders, partners, subsidiaries, affiliates, divisions, employee
benefit and/or pension plans and funds, successors and assigns and all of its
and their past or present directors, members, managers, officers, agents,
trustees, administrators, attorneys, employees, fiduciaries and assigns (whether
acting as agents for Company, its affiliates or its related entities or in their
individual capacities, collectively the “Company Group”), including but not
limited to: (i) divulging, communicating, or in any way making use of any
confidential, sensitive or proprietary information acquired in the performance
of Officer’s duties for the Company; (ii) publicly or privately disparaging, or
inducing or encouraging others to publicly or privately disparage, any member of
the Company Group; (iii) retaliating against any member of the Company Group in
any way whatsoever; or (iv) disclosing the facts or circumstances giving rise to
or

--------------------------------------------------------------------------------

  surrounding the termination of Officer’s employment with the Company. For the
purpose of this Release, the term “disparage” or “disparaging” shall include,
without limitation, comments or statements to the press or any individual or
entity with whom the Company Group has a business relationship that would
adversely affect in any manner: (a) the conduct of a member of the Company
Group’s business, or (b) the business reputation of the Company group. For the
purpose of this Release, “Releasees” shall mean the Company.

 

  4.5 Acknowledgement. Officer acknowledges and agrees that any violation by
Officer of the provisions of Sections 4.2 through 4.4 shall be considered a
material breach of Officer’s obligations under this Plan as to which the Company
may (a) cease any severance payments or other benefits provided to Officer
pursuant to the Officer Retention Agreement and (b) seek repayment of other
payments made to Officer pursuant to the Officer Retention Agreement. Officer
also consents, to the extent permitted by law, to the entry of injunctive relief
against Officer without the necessity of the Company posting a bond, in addition
to the Company’s right to pursue any and all of its remedies under law. Officer
agrees that the Company’s actions pursuant to this Section, including but not
limited to filing a legal action, are permissible and are not and will not be
considered by Officer to be retaliatory. Officer further acknowledges that
nothing in this Section shall be deemed to limit the Company’s remedies at law
or in equity for any breach by Officer of any of the provisions of Sections 4.2
through 4.4, which may be pursued by the Company.

 

  4.6 Officer represents that he/she has not filed any complaints or charges
against Company relating to his/her separation or the terms or conditions of
Officer’s former employment with Company and that if any agency or court assumes
jurisdiction of any complaint or charge against Company on behalf of Officer
concerning Officer’s former employment with Company, Officer understands and
agrees that he/she has, by his/her knowing and willing execution of this
Release, waived his/her right to any form of recovery or relief against Company
relating thereto including, but not limited to, any entitlement to attorneys’
fees accruing there from; provided, however, that this provision shall not
preclude Officer from pursuing appropriate legal relief against Company for
redress of a material breach of by Company of this Release.

 

  4.7 Officer acknowledges and understands that the Severance Payments given for
this Release shall not be in any way construed as an admission by Company of any
improper acts or any improper employment decisions, and that Company
specifically disclaims any liability on the part of itself, its agents,
Officers, representatives or assigns in this regard.

--------------------------------------------------------------------------------

5. Effective Date.

 

  5.1 Officer understands and acknowledges that by signing this Release, Officer
is agreeing to all of the provisions stated in this Release, and has read and
understood each provision.

 

  5.2 The parties understand and agree that:

  a. Officer will have a period of 45 calendar days in which to decide whether
or not to sign this Release, and an additional period of seven calendar days
after signing in which to revoke this Release. If Officer signs this Release
before the end of such 45-day period, Officer certifies and agrees that the
decision is knowing and voluntary and is not induced by Company through
(i) fraud, misrepresentation, or a threat to withdraw or alter the offer before
the end of such 45-day period or (ii) an offer to provide different terms in
exchange for signing this Release before the end of such 45-day period.

 

  b. In order to exercise this revocation right, Officer must deliver written
notice of revocation to the attention of Company’s General Manager—Human
Resources, Kim Harding, on or before the seventh calendar day after Officer
executes this Release. Officer understands that, upon delivery of such notice,
this Release shall terminate and become null and void.

 

  c. The terms of this Release will not take effect or become binding, and
Officer will not become entitled to receive the Severance Payments as set forth
in the Officer Retention Agreement, until that seven-day period has lapsed
without revocation by Officer. If Officer elects not to sign this Release or
revokes same within seven calendar days of signing, Officer will not receive
such Severance Payments.

 

  d. Subject to Section 1 of this Release, all Severance Payments payable
hereunder shall be paid in accordance with the applicable terms of the Officer
Retention Agreement.

 

  e. If applicable, and in compliance with the Age Discrimination in Employment
Act and Older Workers Benefit Protection Act (collectively the “Acts”), Officer
is provided the information in Exhibit “1” to this Release as may be required by
the Acts.

 

6. Governing Law.

 

  6.1 This Release shall be governed by the substantive laws of the State of
Oklahoma, without regard to conflicts of law, and by federal law where
applicable.

 

  6.2 If any part of this Release is held to be invalid or unenforceable, the
remaining provisions of this Release will not be affected in any way.

--------------------------------------------------------------------------------

This Release was provided to Officer for consideration on [insert date].

OFFICER IS HEREBY ENCOURAGED AND ADVISED TO CONFER WITH AN ATTORNEY REGARDING
THIS RELEASE. BY SIGNING THIS RELEASE, OFFICER ACKNOWLEDGES THAT OFFICER HAS
CONSULTED, OR HAD SUFFICIENT OPPORTUNITY TO CONSULT WITH, AN ATTORNEY OR A
REPRESENTATIVE OF OFFICER’S CHOOSING, IF ANY, AND THAT OFFICER IS NOT RELYING ON
ANY ADVICE FROM COMPANY, ITS AGENTS OR ATTORNEYS IN EXECUTING THIS RELEASE.

PLEASE READ THIS RELEASE CAREFULLY; IT CONTAINS A RELEASE OF ALL KNOWN AND
UNKNOWN CLAIMS.

[Remainder of page intentionally left blank]

--------------------------------------------------------------------------------

Officer certifies that he/she has read this Release and fully and completely
understands and comprehends its meaning, purpose, and effect. Officer further
states and confirms that Officer has signed this Release knowingly and
voluntarily and of Officer’s own free will, and not as a result of any threat,
intimidation or coercion on the part of Company or its representatives or
agents.

 

      OFFICER Date:                 COMPANY Date:         BY:           ITS: