Document:

Amendment Number Four to the AmSouth Bancorporation Supplemental Thrift Plan

 EXHIBIT 10.2 
 AMENDMENT NUMBER FOUR 
 TO THE 
 AMSOUTH BANCORPORATION 
 SUPPLEMENTAL THRIFT PLAN 
 Regions Financial Corporation (the “Company”), acting through its Benefits Management Committee, hereby amends the AmSouth
Bancorporation Supplemental Thrift Plan (the “Plan”) as follows: 
 1. Effective January 1, 2007, by amending
Section 4.1(a) to add as the second and third paragraphs thereof the following: 
 Effective January 1, 2007, with
regard to “performance-based Compensation” as defined in the immediately following paragraph, a Participant may execute a supplemental bonus reduction agreement on a form prescribed by the Plan Administrator to elect to reduce his or her
performance-based Compensation for the Plan Year by a whole percentage that does not exceed eighty percent (80%). Such supplemental bonus reduction agreement must be executed on or before the date that is six months before the end of the performance
period, and the Participant must have performed services continually from the later of (i) the beginning of the performance period, or (ii) the date the performance criteria are established through the date an election is made in
accordance with this paragraph. 
 “Performance-based Compensation” is Compensation the amount of which, or the
entitlement to which, is contingent on the satisfaction of pre-established organizational or individual performance criteria (i.e., established in writing by not later than 90 days after the commencement of the period of service to which the
criteria relates, provided that the outcome is substantially uncertain at the time the criteria are established) relating to a performance period of at least 12 consecutive months. Performance-based Compensation will not include any amount or
portion of any amount that will be paid either (i) regardless of performance, or (ii) based upon a level of performance that is substantially certain to be met at the time the criteria are established. The determination of
“performance-based Compensation” shall be made in accordance with Code Section 409A and the regulations thereunder. 
 2. All of the other terms, provisions and conditions of the Plan not herein amended shall remain in full force and effect. 
 IN WITNESS WHEREOF, Regions Financial Corporation, acting through its Benefits Management Committee, has caused this Amendment Number Four to be executed on this 16th day of July, 2007, effective as provided hereinabove. 
  

			
	REGIONS FINANCIAL CORPORATION
		
	 By: 
	 	 /S/     DAVID B.
EDMONDS        

		 	David B. Edmonds
		 	Senior Executive Vice PresidentAmendment 2, First American Corporation Directors Deferred Compensation Plan

 EXHIBIT 10.3 
 AMENDMENT NUMBER 2 
 TO THE 
 FIRST AMERICAN CORPORATION 
 DIRECTORS DEFERRED COMPENSATION PLAN

 (the “Plan”) 
 WHEREAS, the current index used to determine the interest rate provided in Section 4.2(a) is no longer printed in The Wall Street Journal; and 
 WHEREAS, the Compensation Committee has approved amending the Plan to provide for a new reporting source for the index: 
 NOW THEREFORE, Regions Financial Corporation, successor to AmSouth Bancorporation, hereby amends the Plan effective January 1, 2007,
as follows: 
 1. By amending Section 4.2(a) in its entirety to read as follows: 
 (a) Deferred Compensation Account. The amount of each Director’s Deferred Compensation Account shall accrue
interest, compounded monthly (on a 30 day month, 360 day year basis), from the day the Deferred Compensation is credited to the Deferred Compensation Account to the date payment is made at an annual rate equal to the simple interest bond equivalent
yield reported on the first U.S. Government bond reported in Bloomberg (or such other source as may be determined by the Investment Department of Regions), maturing in the next calendar year as of the close of business of the first business day of
each year. 
 IN WITNESS WHEREOF, Regions Financial Corporation has
executed this Amendment Number 2 on this 25th day of July, 2007, to be effective as provided above. 
  

			
	REGIONS FINANCIAL CORPORATION
		
	 By:
	 	 /S/    DAVID B.
EDMONDS        

		 	David B. Edmonds
	Its:	 	Senior Executive Vice PresidentAnnex 6 to Multipurpose Non-Revolving Credit Line Agreement

 Exhibit 10.1 
 Annex no. 6 to MULTIPURPOSE NON-REVOLVING CREDIT LINE AGREEMENT 
 no. 015023-510-0l 

of October 12, 2006 
 entered into force on
November 08, 2007 by and between: 
 Fortis Bank S.A./NV, Austrian Branch with its registered office at Technologiestrasse 8, 1120 Wien,
Austria entered into Commerce Register maintained by the Republic of Austria, under No. FN 263765 („Bank”), represented by: 
 1)
Andrea Vaz-Konig - Business Center Manager 
 2) Alfred Vunderl-Auner - Chief Accountant 
 and 
 Carey Agri International Poland Spółka z ograniczona odpowiedzialnoscia (limited liability company)
with its registered office in Warsaw 02-690, ul. Bokserska 66A, entered into the District Court for the capital city of Warsaw, XIII Commercial Division of the National Court Register under KRS no. 51098, tax identification number (NIP):
526-020-93-95 and statistical number (REGON): 002160096, holding share capital of PLN 473 500 000,00 PLN entirely paid in („the Borrower”), represented by: 
 1) William V. Carey 
 2)
                    -                  
   
 in connection with the extension of the financing term of the credit facility, the Parties hereto amend the Multipurpose non-revolving
credit line agreement no. 015023-510-0l dated October 12, 2006 and changed lately by Amendment no. 5 dated October 10, 2007 („Agreement”) in the following way: 
  

	 	I.	Bank and the Borrower hereby declare that the outstanding amount based on the Agreement is PLN 300,000,000.00 (say: three hundred million zlotys). 

 

	 	II.	The current clause 3 of the Agreement will have the following wording: 

  

	 	3.	Financing term: until January 08, 2008. 

  

	 	III.	The current clause 4 of the Agreement will have the following wording: 

  

	 	4.	Current credit term: until January 08, 2008. 

  

	 	IV.	Other stipulations of the Agreement will remain unchanged. 

 The
Borrower hereby gives its consent to furnish any information related to the Loan and the Borrower, obtained by the Bank during negotiations and pertaining to conclusion and performance of this Agreement, to the Bank’s principal shareholder,
i.e. Fortis Bank S.A./NV with its registered office in Brussels, Fortis Lease Polska Sp. z o. o. with its registered office in Warsaw and Fortis Investments Polska S.A. with its registered office in Warsaw and Dominet Bank S.A. with its seat in
Lubin, likewise to other entities of Fortis Bank Group*. The Bank is allowed to provide such information both in the course of this Agreement and after its expiry. 

 The Bank hereby informs the Borrower that the Bank may forward any information related to the loan to the Interbank
Economic Information System – Banking Register (MIG-BR) administered by the Polish Banks Association, likewise that the Bank may disclose any data gathered in the MIG-BR system to economic information bureaus that operate under the Act of
February 14, 2003 on disclosing economic information (Journal of Laws No. 50, item 424 as amended) based on the requests of such bureaus and to the extent specified therein. 

	*)	Information on Fortis Group entities is available at: www.fortisbank.com.pl 

  

	
	 /s/ Andrea Vaz-Konig

	 /s/ Alfred Vunderl-Auner

	 Stamp and signatures for the Bank

  

	
	 /s/ William V. Carey

	Company stamp and signatures of representatives authorised to assume financial obligations on behalf of the Borrower.

 The signature of the Borrower has been affixed in my presence. 
  

					
	 Izabela Bogumił
	 		 	 /s/ Bogumił

	name and surname of the Bank’s employee	 		 	signature of the Bank’s employeeChesapeake's 2003 Stock Incentive Plan, as amended

 Exhibit 10.1.1 
 CHESAPEAKE ENERGY CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 (as amended through October 1, 2007) 

 CHESAPEAKE ENERGY CORPORATION 
 2003 STOCK INCENTIVE PLAN 
  

					
	ARTICLE I PURPOSE	  	1
			
	 Section 1.1
	 	Purpose	  	1
	 Section 1.2
	 	Establishment	  	1
	 Section 1.3
	 	Shares Subject to the Plan	  	1
	 Section 1.4
	 	Shareholder Approval	  	1
		
	ARTICLE II DEFINITIONS	  	1
		
	ARTICLE III ADMINISTRATION	  	5
			
	 Section 3.1
	 	Administration of the Plan; the Committee	  	5
	 Section 3.2
	 	Committee to Make Rules and Interpret Plan	  	5
		
	ARTICLE IV GRANT OF AWARDS	  	6
		
	ARTICLE V STOCK OPTIONS	  	6
			
	 Section 5.1
	 	Grant of Options	  	6
	 Section 5.2
	 	Conditions of Options	  	6
	 Section 5.3
	 	Options Not Qualifying as Incentive Stock Options	  	8
	 Section 5.4
	 	Nonassignability	  	8
		
	ARTICLE VI RESTRICTED STOCK AWARDS	  	9
			
	 Section 6.1
	 	Grant of Restricted Stock Awards	  	9
	 Section 6.2
	 	Conditions of Restricted Stock Awards	  	9
		
	ARTICLE VII STOCK ADJUSTMENTS	  	10
		
	ARTICLE VIII GENERAL	  	10
			
	 Section 8.1
	 	Amendment or Termination of Plan	  	10
	 Section 8.2
	 	Acceleration of Awards on Death, Disability or Other Special Circumstances	  	11
	 Section 8.3
	 	Withholding Taxes	  	11
	 Section 8.4
	 	Certain Additional Payments by the Company	  	11
	 Section 8.5
	 	Regulatory Approval and Listings	  	11
	 Section 8.6
	 	Right to Continued Employment	  	12
	 Section 8.7
	 	Reliance on Reports	  	12
	 Section 8.8
	 	Construction	  	12
	 Section 8.9
	 	Governing Law	  	12
		
	ARTICLE IX ACCELERATION OF AWARDS UPON CORPORATE EVENT	  	12

 CHESAPEAKE ENERGY CORPORATION 
 2003 STOCK INCENTIVE PLAN 
 ARTICLE I 
 PURPOSE 
 Section 1.1
Purpose. This 2003 Stock Incentive Plan is established by Chesapeake Energy Corporation (the “Company”) to create incentives which are designed to motivate Employees and Consultants to put forth maximum effort toward the success
and growth of the Company and to enable the Company to attract and retain experienced individuals who by their position, ability and diligence are able to make important contributions to the Company’s success. Toward these objectives, the Plan
provides for the granting of Options and Restricted Stock Awards to Employees and Consultants on the terms and subject to the conditions set forth in the Plan. The Plan is designed to align the interests of participants with those of shareholders
through the use of stock-based incentives. 
 Section 1.2 Establishment. The Plan is effective as of April 15, 2003
and for a period of 10 years from such date. The Plan will terminate on April 14, 2013; however, it will continue in effect until all matters relating to the exercise of Options, distribution of Awards and administration of the Plan have been
settled. 
 Section 1.3 Shares Subject to the Plan. Subject to the limitations and adjustments set forth in this Plan,
Awards may be made under this Plan for a total of 10,000,000 shares of Common Stock. 
 Section 1.4 Shareholder Approval.
The Plan shall be subject to Shareholder Approval, which must occur within the period ending twelve months after the date the Plan is adopted by the Board. Pending such Shareholder Approval, Awards under the Plan may be granted, but Options may not
be exercised nor may Restricted Stock Awards vest prior to receipt of such Shareholder Approval. In the event such Shareholder Approval is not obtained within such twelve-month period, all such Awards shall be void. 
 ARTICLE II 
 DEFINITIONS

 Section 2.1 “Affiliated Entity” means any partnership or limited liability company in which a majority of
voting power thereof is owned or controlled, directly or indirectly, by the Company or one or more of its Subsidiaries or Affiliated Entities or a combination thereof. 
 Section 2.2 “Award” means, individually or collectively, any Option or Restricted Stock Award granted under the Plan to an Eligible Person by the applicable Committee pursuant to such
terms, conditions, restrictions, and/or limitations, if any, as the applicable Committee may establish by the Award Agreement or otherwise. 
 Section 2.3 “Award Agreement” means any written instrument that establishes the terms, conditions, restrictions, and/or limitations applicable to an Award in addition to those established by this Plan and by the
Committee’s exercise of its administrative powers. 

 Section 2.4 “Board” means the Board of Directors of the Company. 

Section 2.5 “Change of Control” means, for Participants other than Executive Officers, the occurrence of any of the
following: 
 (i) the acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange
Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (A) the then outstanding shares of common stock of the Company (the “Outstanding Company
Common Stock”) or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”). For purposes of this
paragraph 2.5 the following acquisitions by a Person will not constitute a Change of Control: (1) any acquisition directly from the Company; (2) any acquisition by the Company; (3) any acquisition by any employee benefit plan (or
related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or (4) any acquisition by any corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of paragraph
(iii) below; 
 (ii) the individuals who, as of the date hereof, constitute the board of directors (the “Incumbent Board”)
cease for any reason to constitute at least a majority of the board of directors. Any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, is approved by a vote
of at least a majority of the directors then comprising the Incumbent Board will be considered a member of the Incumbent Board as of the date hereof, but any such individual whose initial assumption of office occurs as a result of an actual or
threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Incumbent Board will not be deemed a member of the
Incumbent Board as of the date hereof; 
 (iii) the consummation of a reorganization, merger, consolidation or sale or other disposition of
all or substantially all of the assets of the Company (a “Business Combination”), unless following such Business Combination: (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively,
of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock
and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a
corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately
prior to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination or any employee benefit
plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting
from such Business Combination or the combined voting power of the then outstanding 

  

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voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (C) at least a majority of
the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business
Combination; or 
 (iv) the approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

For Executive Officers, a Change of Control means the occurrence of any of the foregoing events or a change of control as defined in such Executive Officer’s
employment agreement in force at the time of determination. 
 Section 2.6 “Code” means the Internal Revenue
Code of 1986, as amended. Reference in the Plan to any Section of the Code shall be deemed to include any amendments or successor provisions to such Section and any regulations under such Section. 
 Section 2.7 “Committee” has the meaning set forth in Section 3.1. 
 Section 2.8 “Common Stock” means the common stock, par value $.01 per share, of the Company and, after substitution, such
other stock as shall be substituted therefor as provided in Article VII or Article IX of the Plan. 
 Section 2.9
“Compensation Committee” means a committee designated by the Board which will consist of not less than two members of the Board who meet the definition of “non-employee directors” pursuant to Rule 16b-3, or any
successor rule, promulgated under Section 16 of the Exchange Act unless another committee is designated by the Board of Directors. 
 Section 2.10 “Consultant” means any person who is engaged by the Company, a Subsidiary or an Affiliated Entity to render consulting or advisory services. 
 Section 2.11 “Date of Grant” means the date on which the grant of an Award is authorized by the Committee or such later date
as may be specified by the Committee in such authorization. 
 Section 2.12 “Disability” has the meaning set
forth in Section 22(e)(3) of the Code. 
 Section 2.13 “Eligible Person” means any Employee or Consultant.

 Section 2.14 “Employee” means any employee of the Company, a Subsidiary or an Affiliated Entity. 

Section 2.15 “Employee Compensation Committee” means the Employee Compensation and Benefits Committee (“ECBC”)
designated by the Board which shall consist of not less than one member of the Board and may include officers of the Company. In the event the ECBC has both director and officer members, the director(s) serving on the ECBC shall constitute a
separate committee for purposes of approving and authorizing the issuance of Common Stock pursuant to any Award recommended by the ECBC. 
  

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 Section 2.16 “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
 Section 2.17 “Executive Officer Participants” means Participants who are subject to the provisions
of Section 16 of the Exchange Act with respect to the Common Stock. 
 Section 2.18 “Fair Market Value”
means, as of any date, (i) if the principal market for the Common Stock is a national securities exchange or the Nasdaq stock market, the closing price of the Common Stock on that date on the principal exchange on which the Common Stock is then
listed or admitted to trading; or (ii) if sale prices are not available or if the principal market for the Common Stock is not a national securities exchange and the Common Stock is not quoted on the Nasdaq stock market, the average of the
highest bid and lowest asked prices for the Common Stock on such day as reported on the Nasdaq OTC Bulletin Board Service or by the National Quotation Bureau, Incorporated or a comparable service. If the day is not a business day, and as a result,
clauses (i) and (ii) are inapplicable, the Fair Market Value of the Common Stock shall be determined as of the last preceding business day. If clauses (i) and (ii) are otherwise inapplicable, the Fair Market Value of the Common
Stock shall be determined in good faith by the Committee. 
 Section 2.19 “Incentive Stock Option” means an
Option within the meaning of Section 422 of the Code. 
 Section 2.20 “Non-Executive Officer Participants”
means Participants who are not subject to the provisions of Section 16 of the Exchange Act. 
 Section 2.21
“Nonqualified Stock Option” means an Option to purchase shares of Common Stock which is not an Incentive Stock Option within the meaning of Section 422(b) of the Code. 
 Section 2.22 “Option” means an Incentive Stock Option or Nonqualified Stock Option granted under Article V of the Plan.

 Section 2.23 “Participant” means an Eligible Person to whom an Award has been granted by the Committee under
the Plan. 
 Section 2.24 “Plan”“ means the Chesapeake Energy Corporation 2003 Stock Incentive Plan.

 Section 2.25 “Restricted Stock Award” means an Award granted to an Eligible Person under Article VI of
the Plan. 
 Section 2.26 “Shareholder Approval” means approval by the holders of a majority of the outstanding
shares of Common Stock, present or represented and entitled to vote at a meeting called for such purposes. 
 Section 2.27
“Subsidiary” shall have the same meaning set forth in Section 424(f) of the Code. 
  

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 ARTICLE III 
 ADMINISTRATION 
 Section 3.1 Administration of the Plan; the Committee. The
Employee Compensation Committee shall administer the Plan with respect to Non-Executive Officer Participants, including the grant of Awards, and the Compensation Committee shall administer the Plan with respect to Executive Officer Participants,
including the grant of Awards. Accordingly, as used in the Plan, the term “Committee” shall mean the Employee Compensation Committee if it refers to Plan administration affecting Non-Executive Officer Participants or the Compensation
Committee if it refers to Plan administration affecting Executive Officer Participants. Although the Committee is generally responsible for the administration of the Plan, the Board in its sole discretion may take any action under the Plan that
would otherwise be the responsibility of the Committee. 
 Unless otherwise provided in the bylaws of the Company or resolutions adopted from
time to time by the Board establishing the Committee, the Board may from time to time remove members from, or add members to, the Committee. Vacancies on the Committee, however caused, shall be filled by the Board. The Committee shall hold meetings
at such times and places as it may determine. A majority of the Committee shall constitute a quorum, and the acts of a majority of the members present at any meeting at which a quorum is present shall be the valid acts of the Committee. Any action
which may be taken at a meeting of the Committee may be taken without a meeting if all the members of the Committee consent to the action in writing. 
 Subject to the provisions of the Plan and review by the Board, the Committee shall have exclusive power to: 
 (a) Select the Eligible Persons to participate in the Plan. 
 (b) Determine the time or times
when Awards will be granted. 
 (c) Determine the form of Award, whether an Incentive Stock Option, a Nonqualified Stock
Option or a Restricted Stock Award, the number of shares of Common Stock subject to any Award, all the terms, conditions (including performance requirements), restrictions and/or limitations, if any, of an Award, including the time and conditions of
exercise or vesting, and the terms of any Award Agreement, which may include the waiver or amendment of prior terms and conditions or acceleration of the vesting or exercise of an Award under certain circumstances determined by the Committee.
However, the Committee will not reprice outstanding Awards. 
 (d) Determine whether Awards will be granted singly or in
combination. 
 (e) Take any and all other action it deems necessary or advisable for the proper operation or administration
of the Plan. 
 Section 3.2 Committee to Make Rules and Interpret Plan. The Committee in its sole discretion shall have
the authority, subject to the provisions of the Plan and review by the Board, to establish, adopt, or revise such rules and regulations and to make all such determinations relating to the Plan as it may deem necessary or advisable for the
administration of the Plan. The Committee’s interpretation of the Plan or any Awards granted pursuant hereto and all decisions and determinations by the Committee with respect to the Plan shall be final, binding, and conclusive on all parties
unless otherwise determined by the Board. 
  

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 ARTICLE IV 
 GRANT OF AWARDS 
 The Committee may, from time to time, grant Awards to one or more Participants,
provided, however, that: 
 (a) Any shares of Common Stock related to Awards which terminate by expiration, forfeiture,
cancellation or otherwise shall be available again for grant under the Plan. 
 (b) Common Stock delivered by the Company upon
exercise of an Option or upon payment of an Award under the Plan may be authorized and unissued Common Stock or Common Stock held in the treasury of the Company. 
 (c) The Committee shall, in its sole discretion, determine the manner in which fractional shares arising under this Plan shall be treated.

 (d) Subject to Article VII, the aggregate number of shares of Common Stock made subject to Options and Restricted Stock
Awards granted to any Employee in any calendar year may not exceed two million shares. 
 ARTICLE V 
 STOCK OPTIONS 
 Section 5.1
Grant of Options. The Committee may, from time to time, subject to the provisions of the Plan and such other terms and conditions as it may determine, grant Nonqualified Stock Options to any Eligible Persons and Incentive Stock Options to
Employees. Subject to the limitations of Section 5.2(e), these Options may be Incentive Stock Options or Nonqualified Stock Options, or a combination of both. Each grant of an Option shall be evidenced by an Award Agreement executed by the
Company and the Participant, and shall contain such terms and conditions and be in such form as the Committee may from time to time approve, subject to the requirements of Section 5.2. 
 Section 5.2 Conditions of Options. Each Option so granted shall be subject to the following conditions: 
 (a) Exercise Price. As limited by Section 5.2(e) below, the Award Agreement for each Option shall state the exercise price set
by the Committee on the Date of Grant. No Option shall be granted at an exercise price which is less than the Fair Market Value of the Common Stock on the Date of Grant. 
 (b) Form of Payment. The payment of the exercise price of an Option shall be subject to the following: 
  

	 	(i)	The full exercise price for shares of Common Stock purchased upon the exercise of any Option shall be paid at the time of such exercise. 

  

 6 

	 	(ii)	The exercise price shall be payable in cash (including a check acceptable to the Committee, bank draft or money order) or by tendering, by either actual delivery of shares or by
attestation, shares of Common Stock acceptable to the Committee and valued at Fair Market Value as of the day of exercise, or any combination thereof, as determined by the Committee. 

  

	 	(iii)	The Committee may permit an Option granted under the Plan to be exercised by a participant in conjunction with a broker-dealer acting on behalf of a Participant, such broker-dealer
to remit the exercise price and any applicable withholding taxes directly to the Company, through procedures approved by the Committee. 

 (c) Exercise of Options. Options granted under the Plan shall be exercisable, in whole or in such installments and at such times, and shall expire at such time, as shall be provided by the Committee in the
Award Agreement. Exercise of an Option shall be by written notice stating the election to exercise in the form and manner determined by the Committee. Every share of Common Stock acquired through the exercise of an Option shall be deemed to be fully
paid at the time of exercise and payment of the exercise price. Upon the exercise of any Option, the Company shall issue and deliver to the Participant who exercised the Option a certificate representing the number of shares of Common Stock
purchased thereby. 
 (d) Other Terms and Conditions. Among other conditions that may be imposed by the Committee, if
deemed appropriate, are those relating to (i) the period or periods and the conditions of exercisability of any Option; (ii) the minimum periods during which Participants must be employed by the Company, a Subsidiary or Affiliated Entity,
or must hold Options before they may be exercised; (iii) the minimum periods during which shares acquired upon exercise must be held before sale or transfer shall be permitted; (iv) the maximum period that Participants will be allowed to
be inactively employed or on a leave of absence before their vesting is suspended until they return to active employment; (v) conditions under which such Options or shares may be subject to forfeiture; (vi) the frequency of exercise or the
minimum or maximum number of shares that may be acquired at any one time; (vii) the achievement by the Company of specified performance criteria; and (viii) protection of business matters. 
 (e) Special Restrictions Relating to Incentive Stock Options. Options issued in the form of Incentive Stock Options shall only be
granted to Employees of the Company or a Subsidiary and not to Employees of an Affiliated Entity unless such entity is classified as a “disregarded entity” of the Company or the applicable Subsidiary under the Code. In addition to being
subject to all applicable terms, conditions, restrictions and/or limitations established by the Committee, Options issued in the form of Incentive Stock Options shall comply with the requirements of Section 422 of the Code (or any successor
Section thereto), including, without limitation, the requirement that the exercise price of an Incentive Stock Option not be less than 100% of the Fair Market Value of the Common Stock on the Date of Grant, the requirement that each Incentive Stock
Option, unless sooner exercised, terminated or canceled, expire no later than 10 years from its Date of 

  

 7 

 
Grant, and the requirement that the aggregate Fair Market Value (determined on the Date of Grant) of the Common Stock with respect to which Incentive Stock
Options are exercisable for the first time by a Participant during any calendar year (under this Plan or any other plan of the Company or any Subsidiary) not exceed $100,000. Incentive Stock Options which are in excess of the applicable $100,000
limitation will be automatically recharacterized as Nonqualified Stock Options as provided under Section 5.3 of this Plan. No Incentive Stock Options shall be granted to any Employee if, immediately before the grant of an Incentive Stock
Option, such Employee owns more than 10% of the total combined voting power of all classes of stock of the Company or its Subsidiaries (as determined in accordance with the stock attribution rules contained in Sections 422 and 424(d) of the Code).
Provided, the preceding sentence shall not apply if, at the time the Incentive Stock Option is granted, the exercise price is at least 110% of the Fair Market Value of the Common Stock subject to the Incentive Stock Option, and such Incentive Stock
Option by its terms is exercisable no more than five years from the date such Incentive Stock Option is granted. 
 (f)
Application of Funds. The proceeds received by the Company from the sale of Common Stock issued upon the exercise of Options will be used for general corporate purposes. 
 (g) Shareholder Rights. No Participant shall have any rights as a shareholder with respect to any share of Common Stock subject to
an Option prior to the purchase of such share of Common Stock by exercise of the Option. 
 Section 5.3 Options Not Qualifying
as Incentive Stock Options. With respect to all or any portion of any Option granted under this Plan not qualifying as an “incentive stock option” under Section 422 of the Code, such Option shall be considered a Nonqualified Stock
Option granted under this Plan for all purposes. Further, this Plan and any Incentive Stock Options granted hereunder shall be deemed to have incorporated by reference all the provisions and requirements of Section 422 of the Code (and the
Treasury Regulations issued thereunder) necessary to ensure that all Incentive Stock Options granted hereunder shall be “incentive stock options” described in Section 422 of the Code. Further, in the event that the $100,000 limitation
contained in Section 5.2(e) herein is exceeded in any Incentive Stock Option granted under this Plan, the portion of the Incentive Stock Option in excess of such limitation shall be treated as a Nonqualified Stock Option under this Plan subject
to the terms and provisions of the applicable Award Agreement, except to the extent modified to reflect recharacterization of the Incentive Stock Option as a Nonqualified Stock Option. 
 Section 5.4 Nonassignability. Options are not transferable otherwise than by will or the laws of descent and distribution. Any
attempted transfer, assignment, pledge, hypothecation or other disposition of, or the levy of execution, attachment or similar process upon, any Option contrary to the provisions hereof shall be void and ineffective, shall give no right to any
purported transferee, and may, at the sole discretion of the Committee, result in forfeiture of the Option involved in such attempt. 
  

 8 

 ARTICLE VI 
 RESTRICTED STOCK AWARDS 
 Section 6.1 Grant of Restricted Stock Awards. The
Committee may, from time to time, subject to the provisions of the Plan and such other terms and conditions as it may determine, grant a Restricted Stock Award to any Eligible Person. Restricted Stock Awards shall be awarded in such number and at
such times during the term of the Plan as the Committee shall determine. Each Restricted Stock Award may be evidenced in such manner as the Committee deems appropriate, including, without limitation, a book-entry registration or issuance of a stock
certificate or certificates into escrow until the restrictions associated with such Award are satisfied, and by an Award Agreement setting forth the terms of such Restricted Stock Award. 
 Section 6.2 Conditions of Restricted Stock Awards. The grant of a Restricted Stock Award shall be subject to the following:

 (a) Restriction Period. Each Restricted Stock Award shall require the holder to remain in the employment of the
Company, a Subsidiary, or an Affiliated Entity for a prescribed period (a “Restriction Period”). The Committee shall determine the Restriction Period or Periods that shall apply to the shares of Common Stock covered by each Restricted
Stock Award or portion thereof. In addition to any time vesting conditions determined by the Committee, Restricted Stock Awards may be subject to the achievement by the Company of specified performance criteria based upon the Company’s
achievement of target levels of earnings per share, share price, net income, cash flows, reserve additions or replacements, production volume, finding and operating costs, drilling results, acquisitions and divestitures, risk management activities,
return on equity, and/or total or comparative shareholder return, or other individual criteria as determined by the Committee. At the end of the Restriction Period, assuming the fulfillment of any other specified vesting conditions, the restrictions
imposed by the Committee shall lapse with respect to the shares of Common Stock covered by the Restricted Stock Award or portion thereof. 
 (b) Restrictions. The holder of a Restricted Stock Award may not sell, transfer, pledge, exchange, hypothecate, or otherwise dispose of the shares of Common Stock represented by the Restricted Stock Award
during the applicable Restriction Period. The Committee shall impose such other restrictions and conditions on any shares of Common Stock covered by a Restricted Stock Award as it may deem advisable including, without limitation, restrictions under
applicable Federal or state securities laws, and may legend the certificates representing the shares of Common Stock subject to the Restricted Stock Award to give appropriate notice of such restrictions. 
 (c) Shareholder Rights. During any Restriction Period, the Committee may, in its discretion, grant to the holder of a Restricted
Stock Award all or any of the rights of a shareholder with respect to the shares, including, but not by way of limitation, the right to vote such shares and to receive dividends. If any dividends or other distributions are paid in shares of Common
Stock, all such shares shall be subject to the same restrictions on transferability as the shares of Common Stock subject to the Restricted Stock Award with respect to which they were paid. 
  

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 ARTICLE VII 
 STOCK ADJUSTMENTS 
 Subject to the provisions of Article IX of this Plan, in the event that the
shares of Common Stock, as presently constituted, shall be changed into or exchanged for a different number or kind or shares of stock or other securities of the Company or of another corporation (whether by reason of merger, consolidation,
recapitalization, reclassification, stock split, combination of shares or otherwise), or if the number of such shares of Common Stock shall be increased through the payment of a stock dividend, then there shall be substituted for or added to each
share available under and subject to the Plan as provided in Section 1.3 hereof, and each share then subject or thereafter subject or which may become subject to Awards under the Plan, the number and kind of shares of stock or other securities
into which each outstanding share of Common Stock shall be so changed or for which each such share shall be exchanged or to which each such share shall be entitled, as the case may be, on a fair and equivalent basis in accordance with the applicable
provisions of Section 424 of the Code; provided, however, in no such event will such adjustment result in a modification of any Award as defined in Section 424(h) of the Code. In the event there shall be any other change in the number or
kind of the outstanding shares of Common Stock, or any stock or other securities into which the Common Stock shall have been changed or for which it shall have been exchanged, then if the Committee shall, in its sole discretion, determine that such
change equitably requires an adjustment in the shares available under and subject to the Plan, or in any Award theretofore granted or which may be granted under the Plan, such adjustments shall be made in accordance with such determination, except
that no adjustment of the number of shares of Common Stock available under the Plan or to which any Award relates that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not
previously made would require an increase or decrease of at least 1% of the number of shares of Common Stock available under the Plan or to which any Award relates immediately prior to the making of such adjustment (the “Minimum
Adjustment”). Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment together with other adjustments required by this Article VII and not previously made would result
in a Minimum Adjustment. Notwithstanding the foregoing, any adjustment required by this Article VII which otherwise would not result in a Minimum Adjustment shall be made with respect to shares of Common Stock relating to any Award immediately prior
to exercise or settlement of such Award. 
 No fractional shares of Common Stock or units of other securities shall be issued pursuant to any
such adjustment, and any fractions resulting from any such adjustment shall be eliminated in each case by rounding downward to the nearest whole share. 
 ARTICLE VIII 
 GENERAL 
 Section 8.1 Amendment or Termination of Plan. The Board may suspend or terminate the Plan at any time. In addition, the Board may,
from time to time, amend the Plan in any manner, but may not adopt any amendment without Shareholder Approval if (i) the amendment relates to Incentive Stock Options and Section 422 of the Code requires Shareholder Approval of such
amendment, or (ii) in the opinion of counsel to the Company, Shareholder Approval is required by any federal or state laws or regulations or the rules of any stock exchange on which the common stock may be listed. 
  

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 Section 8.2 Acceleration of Awards on Death, Disability or Other Special
Circumstances. With respect to (i) a Participant who terminates employment due to a Disability, (ii) the personal representative of a deceased Participant, or (iii) any other Participant who terminates employment upon the
occurrence of special circumstances (as determined by the Committee), the Committee, in its sole discretion, may permit the purchase of all or any part of the shares subject to any unvested Option or waive the vesting requirements of a Restricted
Stock Award on the date of the Participant’s termination of employment due to a Disability, death or special circumstances, or as the Committee otherwise so determines. With respect to Options which have already vested at the date of such
termination or the vesting of which is accelerated by the Committee in accordance with the foregoing provision, the Participant or the personal representative of a deceased Participant shall have the right to exercise such vested Options within such
period(s) as the Committee shall determine. 
 Section 8.3 Withholding Taxes. A Participant must pay in cash to the
Company the amount of taxes required to be withheld by law upon the exercise of an Option. Required withholding taxes associated with a Restricted Stock Award must also be paid in cash unless the Committee permits a Participant to pay the amount of
taxes required by law to be withheld from a Restricted Stock Award by directing the Company to withhold from any Award the number of shares of Common Stock having a Fair Market Value on the date of vesting equal to the amount of required withholding
taxes. 
 Section 8.4 Certain Additional Payments by the Company. The Committee may, in its sole discretion, provide in
any Award Agreement for certain payments by the Company in the event that acceleration of vesting of any Award under the Plan is subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties with respect to such
excise tax (such excise tax, interest and penalties, collectively, the “Excise Tax”). An Award Agreement may provide that the Participant shall be entitled to receive a payment (a “Gross-Up Payment”) in an amount such that after
payment by the Participant of all taxes (including any interest or penalties imposed with respect to such taxes), including any Excise Tax, imposed upon the Gross-Up Payment, the Participant retains an amount of the Gross-Up Payment equal to the
Excise Tax imposed upon such acceleration of vesting of any Award. 
 Section 8.5 Regulatory Approval and Listings. The
Company shall use its best efforts to file with the Securities and Exchange Commission as soon as practicable following the date this Plan is effective, and keep continuously effective and usable, a Registration Statement on Form S-8 with respect to
shares of Common Stock subject to Awards hereunder. Notwithstanding anything contained in this Plan to the contrary, the Company shall have no obligation to issue or deliver certificates representing shares of Common Stock evidencing Awards prior
to: 
 (a) the obtaining of any approval from, or satisfaction of any waiting period or other condition imposed by, any
governmental agency which the Committee shall, in its sole discretion, determine to be necessary or advisable; 
  

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 (b) the listing of such shares on any exchange on which the Common Stock may be listed;
and 
 (c) the completion of any registration or other qualification of such shares under any state or federal law or
regulation of any governmental body which the Committee shall, in its sole discretion, determine to be necessary or advisable. 
 Section 8.6 Right to Continued Employment. Participation in the Plan shall not give any Participant any right to remain in the employ of the Company, a Subsidiary or an Affiliated Entity. Further, the adoption of this
Plan shall not be deemed to give any Employee or Consultant or any other individual any right to be selected as a Participant or to be granted an Award. 
 Section 8.7 Reliance on Reports. Each member of the Committee and each member of the Board shall be fully justified in relying or acting in good faith upon any report made by the independent public
accountants of the Company and its Subsidiaries and upon any other information furnished in connection with the Plan by any person or persons other than the Committee or Board member. In no event shall any person who is or shall have been a member
of the Committee or the Board be liable for any determination made or other action taken or any omission to act in reliance upon any such report or information or for any action taken, including the furnishing of information, or failure to act, if
in good faith. 
 Section 8.8 Construction. The titles and headings of the sections in the Plan are for the convenience of
reference only, and in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 
 Section 8.9 Governing Law. The Plan shall be governed by and construed in accordance with the laws of the State of Oklahoma except as superseded by applicable federal law. 
 ARTICLE IX 
 ACCELERATION OF AWARDS
UPON CORPORATE EVENT 
 If the Company shall, pursuant to action by the Board, at any time propose to dissolve or liquidate or merge
into, consolidate with, or sell or otherwise transfer all or substantially all of its assets to another corporation and provision is not made pursuant to the terms of such transaction for the assumption by the surviving, resulting or acquiring
corporation of outstanding Options under the Plan, or for the substitution of new awards therefor, the Committee shall cause written notice of the proposed transaction to be given to each Participant no less than forty days prior to the anticipated
effective date of the proposed transaction, and the Participant’s Award shall become 100% vested. Prior to a date specified in such notice, which shall be not more than 10 days prior to the anticipated effective date of the proposed
transaction, each Participant shall have the right to exercise his or her Option to purchase any or all of the Common Stock then subject to such Option or to receive the shares subject to any unvested Restricted Stock Award, free of any
restrictions. Each Participant, by so notifying the Company in writing, may, in exercising his or her Option, condition such exercise upon, and provide that such exercise shall become effective immediately prior to the consummation of the
transaction, in which event such 

  

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Participant need not make payment for the Common Stock to be purchased upon exercise of such Option until five days after receipt of written notice by the
Company to such Participant that the transaction has been consummated. If the transaction is consummated, each Option, to the extent not previously exercised prior to the date specified in the foregoing notice, shall terminate on the effective date
such transaction is consummated. If the transaction is abandoned, (i) any Common Stock not purchased upon exercise of such Option shall continue to be available for purchase in accordance with the other provisions of the Plan and (ii) to
the extent that any Option not exercised prior to such abandonment and any Restricted Stock Award shall have vested solely by operation of this Article IX, such vesting shall be deemed voided as of the time such acceleration otherwise occurred
pursuant to Article IX, and the vesting schedule set forth in the Participant’s Award Agreement shall be reinstituted as of the date of such abandonment. 
 Upon the occurrence of a Change of Control, in the event that the provisions of the foregoing paragraph are not already invoked, each Participant shall have the right to exercise his or her Option to purchase any or
all of the Common Stock then subject to such Option or to receive the shares subject to any unvested Restricted Stock Award, free of any restrictions. Each Participant, by so notifying the Company in writing, may, in exercising his or her Option,
condition such exercise upon, and provide that such exercise shall become effective immediately prior to the Change of Control, in which event such Participant need not make payment for the Common Stock to be purchased upon exercise of such Option
until five days after receipt of written notice by the Company to such Participant that the Change of Control has occurred. If the Change of Control has occurred, each Option, to the extent not previously exercised prior to the date specified in the
foregoing notice, shall terminate on the effective date of such Change of Control. If the Change of Control is abandoned, (i) any Common Stock not purchased upon exercise of such Option shall continue to be available for purchase in accordance
with the other provisions of the Plan and (ii) to the extent that any Option not exercised prior to such abandonment and any Restricted Stock Award shall have vested solely by operation of this Article IX, such vesting shall be deemed voided as
of the time such acceleration otherwise occurred pursuant to Article IX, and the vesting schedule set forth in the Participant’s Award Agreement shall be reinstituted as of the date of such abandonment. 
  

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