Document:

EX-10.11

 Exhibit 10.11 

FIRST AMENDMENT TO THE 

BONANZA CREEK ENERGY, INC. 

2021 LONG TERM INCENTIVE PLAN 

(Originally Effective June 2, 2021) 

This FIRST AMENDMENT (this “First Amendment”) to the Bonanza Creek Energy, Inc. 2021 Long Term Incentive Plan
(effective June 2, 2021) (the “Plan”), is adopted as of November 1, 2021 (the “Effective Date”). 

WHEREAS, the Plan was previously adopted to promote the interests of Bonanza Creek Energy, Inc. (the
“Company”), by providing equity-based incentive awards to employees, consultants and directors of the Company and its affiliates, who perform services for or on behalf of those entities; and 

WHEREAS, the Plan may be administered by the Board of Directors of the Company (the “Board”); 

WHEREAS, in connection with the merger transactions with Extraction Oil & Gas, Inc., a Delaware corporation
(“Extraction”) and the acquisition of CPPIB Crestone Peak Resources America Inc., a Delaware corporation (“Crestone Peak”) (together, the “Transactions”), the Company’s
Board has adopted a new director compensation policy that provides for the current payment of dividends or dividend equivalent rights (the “DERs”) upon outstanding Plan awards, including Stock Units (as defined in the Plan);

 WHEREAS, the Plan currently prohibits DER rights granted as a component of a Plan award until such time as the outstanding Plan
award has vested, and the Board now desires to amend the Plan to allow DER payments to be paid to award holders at the same time other Company stockholders receive dividend payments pursuant to the Company’s common stock, or to be reinvested in
the form of additional Plan awards; 
 WHEREAS, in conjunction with the Transactions, the Company will change its name from Bonanza
Creek Energy, Inc. to Civitas Resources, Inc. (the “Name Change”); 
 WHEREAS, the Board has determined that
it is desirable to amend the Plan, all outstanding award agreements granted pursuant to the Plan, or any other outstanding or active documents related to the Plan as of the Effective Date (each, a “Plan Document”) to reflect
the Name Change and the update of all other terminology within the Plan Documents that are related to the Name Change. 
 NOW,
THEREFORE, the Plan shall be amended as of the Effective Date as set forth below, and the Board has resolved other matters relating to the Plan as follows: 

1.     Amendments to the Plan 
  

	 	(a)	 Section 10.5.1, Voting and Dividend Rights. Section 10.5.1 of the Plan shall be
amended and restated in its entirety as follows: 

 Unless the Board otherwise provides in an Award Document, holders of
Stock Units shall have no rights as stockholders of the Company. The Board may provide in an Award Document evidencing a grant of Stock Units that the holder of such 

 
Stock Units shall be entitled to receive Dividend Equivalent Rights. Unless otherwise set forth within an Award Document, any Dividend Equivalent Rights granted with respect to Stock Units shall
be payable to the Grantee only if, when and to the extent such underlying Stock Unit vests, and such Dividend Equivalent Rights granted with respect to Stock Units that do not vest shall be forfeited. Award Documents may provide for alternative
treatment of Dividend Equivalent Rights, including provisions that such cash payment will be deemed reinvested in additional Stock Units at a price per unit equal to the Fair Market Value of a share of Stock on the date that such dividend is paid,
or that Dividend Equivalent Rights shall be payable with respect to the underlying Stock Unit award on the dividend payment date in cash or in shares of unrestricted Stock having a Fair Market Value equal to the amount of the dividends, or a
combination thereof. 
  

	 	(b)	 Section 13.1, Dividend Equivalent Rights. The last three (3) sentences of
Section 13.1 shall be amended and restated in its entirety as follows: 

 Unless otherwise set forth within an Award
Document, a Dividend Equivalent Right granted as a component of another Award shall be settled upon payment of, or lapse of restrictions on, such other Award, and that Dividend Equivalent Right shall expire or be forfeited or annulled under the same
conditions as such other Award; provided, however, that the Award Document may provide for alternative treatment, including provisions that the Dividend Equivalent Right be reinvested in the form of additional Awards at a price per unit equal to the
Fair Market Value of a share of Stock on the date that such dividend is paid, or paid currently in the form of cash, shares of unrestricted Stock having a Fair Market Value equal to the amount of the dividends, or a combination thereof. 

2.    Updates Relating to Name Change. The Board has resolved that, as of the Effective Date, all references
to “Bonanza Creek Energy, Inc.” with in the Plan Documents shall now refer to “Civitas Resources, Inc.” as the “Company.” All other terminology within the Plan Documents related to the Name Change shall also be
interpreted in accordance with the Name Change, as applicable. 
 3.    Except as set forth above, the Plan shall
continue to read in its current state. 
 [SIGNATURE PAGE FOLLOWS.] 

  
 2 

 IN WITNESS WHEREOF, this First Amendment has been executed by a duly authorized
officer, effective as of the Effective Date. 
  

			
	CIVITAS RESOURCES, INC.
		
	By:	 	/s/ Cyrus D. Marter IV
	Name:	 	Cyrus D. Marter IV
	Title:	 	General Counsel and SecretaryEX-10.13

 Exhibit 10.13 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT 

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into by and between Matthew R. Owens
(“Executive”), Extraction Oil & Gas, Inc. (“Extraction”), and Civitas Resources, Inc. (each of which are referred to individually as a “Party” and together as the
“Parties”). 
 WHEREAS, Executive and Extraction entered into that certain Employment Agreement effective as of the
effective date of Extraction’s chapter 11 plan of reorganization (the “Agreement”) and the Parties desire to amend the Agreement to modify certain terms of the original Agreement; and 

WHEREAS, Extraction, Raptor Eagle Merger Sub, Inc., and Bonanza Creek Energy, Inc. have entered into that certain Agreement and Plan of Merger
dated as of May 9, 2021, which is expected to close (the “Closing”) on November 1, 2021, in conjunction with which Bonanza Creek Energy, Inc. will change its name to Civitas Resources, Inc.
(“Civitas”). 
 NOW THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, each Party agrees as follows: 
 1.
    Capitalized Terms. Capitalized terms used but not otherwise defined herein shall have the meaning assigned to them in the Agreement. 

2.     Amendment Effective Date. The Amendment shall be effective upon the Closing (the “Amendment
Effective Date”). 
 3.     Substitution of Company and Novation. The Agreement shall be amended so
that all references in the Agreement to Extraction or the Company shall instead be to Civitas. The Parties hereby agree that Civitas shall assume and be solely responsible for all rights and obligations of the Company under the Agreement, whether
arising before or after the Amendment Effective Date, and that Extraction shall be fully novated and released from all further obligations under the Agreement. Executive hereby stipulates and agrees that, so long as the Civitas board of directors
elects him to the office of Chief Operating Officer of Civitas in conjunction with the Closing, he shall not have experienced a termination of his employment with the Company as a result of the transfer of his employment from Extraction to Civitas.

 4.    Miscellaneous. 

(a)    Continuation of Agreement. From and after the date of this Amendment, all references to the Agreement set
forth therein or in any other agreement shall, unless otherwise specifically provided, be references to the Agreement as amended by this Amendment and as may be further amended, modified, restated or supplemented from time to time by the Parties.
This Amendment is limited as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Agreement except as expressly set forth herein. As amended hereby, the Agreement shall continue
in full force and effect according to its terms. 
 (b)    Counterparts. This Amendment may be executed by in any
number of counterparts, each which shall be deemed an original instrument, but all of which together shall constitute but one and the same instrument. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Amendment Effective
Date. 
  

			
	MATTHEW R. OWENS
	
	 /s/ Matthew R. Owens

	
	EXTRACTION OIL & GAS, INC.
		
	By:	 	 /s/ Cyrus D. Marter IV

	Name:	 	Cyrus D. Marter IV
	Title:	 	President and Secretary
	
	CIVITAS RESOURCES, INC.
		
	By:	 	 /s/ Cyrus D. Marter IV

	Name:	 	Cyrus D. Marter IV
	Title:	 	General Counsel and Secretary

  
 2EX-10.15

 Exhibit 10.15 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT 

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is entered into by and between Marianella Foschi
(“Executive”), Extraction Oil & Gas, Inc. (“Extraction”), and Civitas Resources, Inc. (each of which are referred to individually as a “Party” and together as the
“Parties”). 
 WHEREAS, Executive and Extraction entered into that certain Employment Agreement effective as of the
effective date of Extraction’s chapter 11 plan of reorganization (the “Agreement”) and the Parties desire to amend the Agreement to modify certain terms of the original Agreement; and 

WHEREAS, Extraction, Raptor Eagle Merger Sub, Inc., and Bonanza Creek Energy, Inc. have entered into that certain Agreement and Plan of Merger
dated as of May 9, 2021, which is expected to close (the “Closing”) on November 1, 2021, in conjunction with which Bonanza Creek Energy, Inc. will change its name to Civitas Resources, Inc.
(“Civitas”). 
 NOW THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, each Party agrees as follows: 

1.    Capitalized Terms. Capitalized terms used but not otherwise defined herein shall have the meaning assigned to
them in the Agreement. 
 2.    Amendment Effective Date. The Amendment shall be effective upon the Closing (the
“Amendment Effective Date”). 
 3.    Substitution of Company and Novation. The Agreement
shall be amended so that all references in the Agreement to Extraction or the Company shall instead be to Civitas. The Parties hereby agree that Civitas shall assume and be solely responsible for all rights and obligations of the Company under the
Agreement, whether arising before or after the Amendment Effective Date, and that Extraction shall be fully novated and released from all further obligations under the Agreement. Executive hereby stipulates and agrees that, so long as the Civitas
board of directors elects her to the office of Chief Financial Officer of Civitas in conjunction with the Closing, she shall not have experienced a termination of her employment with the Company as a result of the transfer of her employment from
Extraction to Civitas. 
 4.    Miscellaneous. 

(a)    Continuation of Agreement. From and after the date of this Amendment, all references to the Agreement set
forth therein or in any other agreement shall, unless otherwise specifically provided, be references to the Agreement as amended by this Amendment and as may be further amended, modified, restated or supplemented from time to time by the Parties.
This Amendment is limited as specified and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Agreement except as expressly set forth herein. As amended hereby, the Agreement shall continue
in full force and effect according to its terms. 
 (b)    Counterparts. This Amendment may be executed by in any
number of counterparts, each which shall be deemed an original instrument, but all of which together shall constitute but one and the same instrument. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Amendment Effective
Date. 
  

			
	MARIANELLA FOSCHI
	
	 /s/ Marianella Foschi

	
	EXTRACTION OIL & GAS, INC.

 
			
		
	By:	 	 /s/ Cyrus D. Marter IV

			
	Name:	 	Cyrus D. Marter IV
	Title:	 	President and Secretary
	
	CIVITAS RESOURCES, INC.

 
			
		
	By:	 	 /s/ Cyrus D. Marter IV

			
	Name:	 	Cyrus D. Marter IV
	Title:	 	General Counsel and Secretary

  
 2

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