Document:

EX-10.2

 Exhibit 10.2 

AMENDMENT NUMBER ONE TO THE 

EXCO RESOURCES, INC. 

MANAGEMENT INCENTIVE PLAN 

This AMENDMENT NUMBER ONE TO THE EXCO RESOURCES, INC. MANAGEMENT INCENTIVE PLAN (this “Amendment”), effective as of
September 1, 2014, is made and entered into by EXCO Resources, Inc., a Texas corporation (the “Company”). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the
meanings ascribed to such terms in the EXCO Resources, Inc. Management Incentive Plan (the “Plan”). 
 RECITALS

 WHEREAS, Article 8 of the Plan provides that the Board of Directors of the Company (the “Board”) may
amend the Plan at any time; and 
 WHEREAS, the Board desires to amend the Plan to add a new tier level under the Plan, which the
Committee (as defined in the Plan) may use for designating the level of benefits a participant under the Plan may be eligible to receive. 

NOW, THEREFORE, in accordance with Article 8 of the Plan, the Board hereby amends the Plan as follows: 

1. Section 2.32 of the Plan is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following
new Section 2.32: 
 2.32. “Tier Level” means one of four tier levels for which a
Participant may be designated by the Committee, consisting of Tier 1, Tier 1A, Tier 2, and Tier 3; the Performance Goals and Award amounts may vary among tier levels. 

2. Article 3 of the Plan is hereby amended by adding the following new Section 2.33A between Section 2.33 and
Section 2.34: 
 2.33A “Tier 1A Participant” means a Participant who is designated by the
Committee, in its sole discretion, as a Tier 1A level Participant. 
 3. Section 4.4 of the Plan is hereby amended by deleting said
section in its entirety and substituting in lieu thereof the following new Section 4.4: 
 4.4 Appendix C,
which shall, from time to time, be updated by the Committee for each Performance Period, sets forth (i) the Performance Goals established and approved by the Committee pursuant to Section 4.2 above with respect to the applicable
Performance Period; (ii) the Threshold Achievement, Target Achievement, and Maximum Achievement levels for each Performance Measure underlying the Performance Goals; and (iii) the payout schedules for Tier 1 Participants, Tier 1A
Participants, Tier 2 Participants, and Tier 3 Participants. 

 4. Appendix C of the Plan is hereby amended by renumbering paragraphs 3 and 4 of Appendix C as
paragraphs 4 and 5, respectively, and adding the following new paragraph 3 before the newly renumbered paragraph 4: 
  

	 	3.	The payout schedule for a Tier 1A Participant shall be based on the Overall Performance Level of the Performance Goals and the Participant’s Base Salary as follows: 

 

			
	 Overall Performance Level
	  	Payout Schedule
	 < Threshold
	  	No payout
	 Threshold
	  	40% of Base Salary
	 Target
	  	80% of Base Salary
	 Maximum
	  	160% of Base Salary
	 > Maximum
	  	160% of Base Salary

 5. Except as expressly amended by this Amendment, the Plan shall continue in full force and effect in
accordance with the provisions thereof. 
 [Signature page to follow] 

  
 2 

 IN WITNESS WHEREOF, the Company has caused this Amendment to be duly executed as of the
date first written above. 
  

			
	EXCO RESOURCES, INC.
		
	By:	 	 /s/ William L. Boeing

	Name:	 	William L. Boeing
	Title:	 	Vice President and General Counsel

 Signature Page to Amendment Number One to the EXCO Resources, Inc. Management Incentive PlanEX-4.2

 Exhibit 4.2 

THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), NOR UNDER ANY STATE SECURITIES LAWS AND MAY
NOT BE PLEDGED, SOLD, ASSIGNED OR OTHERWISE TRANSFERRED UNTIL (1) A REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAW HAS BECOME EFFECTIVE WITH RESPECT THERETO, OR (2) THE RECEIPT BY THE COMPANY OF AN OPINION OF
COUNSEL TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE ACT OR APPLICABLE STATE SECURITIES LAW IS NOT REQUIRED IN CONNECTION WITH THE PROPOSED TRANSFER. 

THE WARRANT AND THE SHARES PURCHASABLE HEREUNDER ARE SUBJECT TO RESTRICTIONS ON TRANSFER AS SET FORTH HEREIN. 

COMMON STOCK WARRANT 

(Void after the Expiration Date, as defined herein) 
  

			
	ISSUED: July 13, 2009	  	W- [         ]

 This Warrant is issued to
[                    ] or [his/its] registered assigns (“Holder”) by EndoStim, Inc., a Delaware corporation having its principal
place of business at 10411 Clayton Road, Suite 302, St. Louis, Missouri 63131 (the “Company”), on July 13, 2009 (the “Warrant Issue Date”) in connection with the issuance of that certain 8% Convertible
Promissory Note, dated July 13, 2009, in the original principal amount of $[            ], by the Company made in favor of the Holder (the “Note”). All capitalized
terms used herein and not otherwise defined herein shall have the meaning ascribed to such terms in the Note. 
 1. Number of Shares; Term; Exercise
Price; Method of Exercise. 
 1.1 General. Subject to the terms and conditions set forth in this Warrant, and subject to
adjustment as provided for in Section 3 hereof, the Holder is entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the Holder in writing), to purchase from the
Company, at any time through 11:59 p.m. (St. Louis time) on the Expiration Date, up to [            ] fully paid and nonassessable shares of the Company’s common stock, $0.001 par
value per share (the “Common Stock”). The shares of Common Stock issued upon exercise of this Warrant is referred to herein as the “Warrant Shares.” 

1.2 Term; Exercise Price. 

(a) The Warrants are exercisable at any time from and after July 13, 2009 (the “Effective Date”), but no later than 11:59
p.m., St. Louis, Missouri time on the tenth anniversary of the Effective Date (the “Expiration Date”), and shall be exercisable at a price equal to the Exercise Price. 

(b) Subject to adjustment as provided for in Section 3 hereof, the “Exercise Price” will be equal to $0.01 per share of
Common Stock. 

 1.3 Method of Exercise. 

(a) While this Warrant remains outstanding and exercisable in accordance with Section 1.2 above, the Holder may exercise, in whole or in
part, the purchase rights evidenced hereby. The exercise shall be effected by: 
 (i) the surrender of the Warrant, together with a duly
executed copy of the form of Notice of Exercise which is attached as Exhibit A to the Secretary of the Company at its principal offices; 

(ii) the payment to the Company of an amount equal to the aggregate Exercise Price for the number of Warrant Shares being purchased; and 

(iii) if the Holder is not already a party thereto, the execution and delivery by the Holder of a counterpart signature page to that certain
Stockholders Agreement, by and among the Company and certain Company stockholders, as may be amended from time to time. 
 (b) This Warrant
shall be deemed to have been exercised immediately prior to the close of business on the date of its surrender for exercise as provided above, and the person entitled to receive the Warrant Shares issuable upon such exercise shall be treated for all
purposes as the holder of record of such shares as of the close of business on such date. As promptly as practicable on or after such date and in any event within ten (10) days thereafter, the Company at its expense shall issue and deliver to
the person or persons entitled to receive the same a certificate or certificates for the Warrant Shares. In the event that this Warrant is exercised in part, the Company at its expense will execute and deliver a new Warrant of like tenor exercisable
for the number of shares for which this Warrant may then be exercised. 
 2. Shares to be Fully Paid. The Company covenants and agrees that all
Warrant Shares will, upon issuance and payment of the applicable Exercise Price, be duly authorized, validly issued, fully paid and nonassessable, and free of all liens and encumbrances, except for restrictions on transfer provided for herein or
under applicable federal and state securities laws. 
 3. Adjustment of Exercise Price and Number of Shares. 

The Exercise Price and the total number of Warrant Shares shall be subject to adjustment from time to time upon the occurrence of certain
events described in this Section 3. Upon each adjustment of the Exercise Price, the Holder of this Warrant shall thereafter be entitled to purchase, at the Exercise Price resulting from such adjustment, the number of shares obtained by
multiplying the Exercise Price in effect immediately prior to such adjustment by the number of shares purchasable pursuant hereto immediately prior to such adjustment, and dividing the product thereof by the Exercise Price resulting from such
adjustment. 
 3.1 Subdivision or Combination of Stock. In the event the outstanding shares of Common Stock shall be increased by a
stock dividend, stock split, subdivision, or other similar transaction occurring after the date on which this Warrant was first issued (or, if this Warrant was issued upon partial exercise of, or in replacement of, another Warrant of like tenor,
then the date on which such original Warrant was first issued) (either such date being referred to as the “Original Issue Date”) into a greater number of shares of Common Stock, the Exercise Price in effect immediately prior to such
subdivision shall be proportionately reduced and the number of Warrant 

 
Shares issuable hereunder proportionately increased. Conversely, in the event the outstanding shares of Common Stock shall be decreased by reverse stock split, combination, consolidation, or
other similar transaction occurring after the Original Issue Date into a lesser number of shares of Common Stock, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of Warrant Shares
issuable hereunder proportionately decreased. 
 3.2 Reclassification. If any reclassification of the capital stock of the Company or
any reorganization, consolidation, merger, or any sale, lease, license, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all, of the business and/or assets of the Company (each, a
“Reclassification Event”) shall be effected in such a way that holders of Common Stock shall be entitled to receive stock, securities, or other assets or property, then, as a condition of such Reclassification Event, lawful and
adequate provisions shall be made whereby the Holder hereof shall thereafter have the right to purchase and receive (in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the
rights represented hereby) such shares of stock, securities, or other assets or property as may be issued or payable with respect to or in exchange for a number of outstanding shares of such Common Stock equal to the number of shares of such stock
immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby. In any Reclassification Event, appropriate provision shall be made with respect to the rights and interests of the Holder of this Warrant to the
end that the provisions hereof (including, without limitation, provisions for adjustments of the Exercise Price and of the number of Warrant Shares), shall thereafter be applicable, as nearly as may be, in relation to any shares of stock,
securities, or assets thereafter deliverable upon the exercise hereof. 
 3.3 Adjustments for Other Dividends and Distributions . In
the event the Company at any time or from time to time after the Original Issue Date shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend or other distribution payable in
securities of the Company or in cash or other property (other than regular cash dividends paid out of earnings or earned surplus, determined in accordance with generally accepted accounting principles), then and in each such event provision shall be
made so that the Holder shall receive upon exercise hereof, in addition to the number of shares of Common Stock issuable hereunder, the kind and amount of securities of the Company, cash or other property which the Holder would have been entitled to
receive had this Warrant been exercised on the date of such event and had the Holder thereafter, during the period from the date of such event to and including the Exercise Date, retained any such securities receivable during such period, giving
application to all adjustments called for during such period under this Section 3 with respect to the rights of the Holder. 
 3.4
Notice of Adjustment. Upon any adjustment of the Exercise Price or any increase or decrease in the number of Warrant Shares, the Company shall give written notice thereof, no later than 10 days thereafter, by first class mail postage prepaid,
addressed to the registered Holder of this Warrant at the address of such Holder as shown on the books of the Company. The notice shall state the Exercise Price resulting from such adjustment and the increase or decrease, if any, in the number of
shares purchasable at such price upon the exercise of this Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. 

 4. No Voting or Dividend Rights. Nothing contained in this Warrant shall be construed as conferring upon
the Holder hereof the right to vote or to consent to receive notice as a stockholder of the Company on any other matters or any rights whatsoever as a stockholder of the Company. No dividends or interests shall be payable or accrued in respect of
this Warrant or the interest represented hereby or the Warrant Shares until, and only to the extent that, this Warrant shall have been exercised. 
 5.
Compliance with Securities Act; Transferability of Warrant, Disposition of Warrant Shares. 
 5.1 Compliance with Securities
Act. The Holder of this Warrant, by acceptance hereof, agrees that this Warrant and the Warrant Shares are being acquired for investment and that it will not offer, sell, or otherwise dispose of this Warrant or any Warrant Shares except under
circumstances which will not result in a violation of the Act or any applicable securities laws. This Warrant and all Warrant Shares (unless registered under the Act) shall be stamped or imprinted with a legend in substantially the following form:

 THESE SECURITIES HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER APPLICABLE STATE
SECURITIES LAWS. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO
THE SECURITIES UNDER SAID LAWS OR AN OPINION OF COUNSEL SATISFACTORY
TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 

5.2 Disposition of Warrant Shares. With respect to any offer, sale, or other disposition of the Warrant or any Warrant Shares prior to
registration of such shares, the Holder hereof and each subsequent Holder of this Warrant agrees to give written notice to the Company prior thereto, describing briefly the manner thereof, together with a written opinion of such holder’s
counsel, if reasonably requested by the Company, to the effect that such offer, sale or other disposition may be effected without registration or qualification (under the Act as then in effect or any federal or state law then in effect) of such
Warrant or Warrant Shares, as the case may be, and indicating whether or not under the Act certificates for such Warrant or Warrant Shares to be sold or otherwise disposed of require any restrictive legend as to applicable restrictions on
transferability. Promptly upon receiving such written notice and opinion, the Company, as promptly as practicable, shall notify such Holder that such Holder may sell or otherwise dispose of such Warrant or Warrant Shares, all in accordance with the
terms of the notice delivered to the Company. If a determination has been made pursuant to this subparagraph 5.2 that the opinion of the counsel for the Holder is not reasonably satisfactory to the Company, the Company shall so notify the Holder
promptly after such determination has been made. Notwithstanding the foregoing, such Warrant or Warrant Shares may be offered, sold or otherwise disposed of in accordance with Rule 144 under the Act, provided that the Company shall have been
furnished with such information as the Company may request to provide reasonable assurance that the provisions of Rule 144 have been satisfied. Each certificate representing the Warrant or Warrant Shares thus transferred (except a transfer pursuant
to Rule 144) shall bear a legend as to the applicable restrictions on transferability in order to insure compliance with the Act, unless in the aforesaid opinion of counsel for the Holder, such legend is not required in order to insure compliance
with the Act. The Company may issue stop transfer instructions to its transfer agent in connection with such restrictions. 

 5.3 Market Standoff. The Holder agrees that if so requested by the Company or any
representative of the underwriters in connection with registration of the initial public offering of any securities of the Company under the Act, the Holder shall not sell or otherwise transfer any Warrant Shares or any other securities of the
Company during the 180 day period following the effective date of such registration statement. The Company may impose stop transfer instructions with respect to securities subject to the foregoing restrictions until the end of such 180 day period.

 6. Modification and Waiver. 
 6.1
This Warrant and any provision hereof may be changed, waived, discharged, or terminated only by an instrument in writing signed by the party against which enforcement of the same is sought. 

6.2 No waivers of, or exceptions to, any term, condition or provision of this Warrant, in any one or more instances, shall be deemed to be, or
construed as, a further or continuing waiver of any such term, condition or provision. 
 7. Notices. Any notice, request, or other document required
or permitted to be given or delivered to the Holder hereof or the Company shall be delivered or shall be sent by certified mail, postage prepaid, to each such Holder at its address as shown on the books of the Company or to the Company at the
address indicated therefor in the first paragraph of this Warrant or such other address as either may from time to time provide to the other. 
 8.
Governing Law. This Warrant shall be governed in all respects by and construed in accordance with the laws of the State of Delaware without regard to provisions regarding choice of laws. 

9. Lost Warrants. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction, or mutilation of this Warrant and,
in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant, the Company, at its expense, will make
and deliver a new Warrant, of like tenor, in lieu of the lost, stolen, destroyed or mutilated Warrant. 
 10. Fractional Shares. No fractional shares
shall be issued upon exercise of this Warrant. The Company shall, in lieu of issuing any fractional share, pay the Holder entitled to such fraction a sum in cash equal to such fraction (calculated to the nearest 1/100th of a share) multiplied by the
then effective Exercise Price on the date the Notice of Exercise is received by the Company. 
 11. No Impairment. The Company will not, by charter
amendment or by reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any terms of this Warrant, but will at all
times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder against impairment. Upon the request of the Holder, the Company
will at any time during the period this Warrant is outstanding acknowledge in writing, in form satisfactory to Holder, the continued validity of this Warrant and the Company’s obligations hereunder. 

 12. Successors and Assigns. This Warrant and the rights evidenced hereby shall inure to the benefit of and
be binding upon the successors of the Company and the Holder. The provisions of this Warrant are intended to be for the benefit of all Holders from time to time of this Warrant, and shall be enforceable by any such Holder. 

[Remainder of Page Intentionally Left Blank] 

 IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer, thereunto
duly authorized as of the Warrant Issue Date. 
  

			
	 ENDOSTIM, INC.

a Delaware corporation

		
	 By:
	 	 
		 	 Raul E. Perez, Chairman of the Board

 Exhibit A 

Form of Notice of Exercise 
 The
undersigned holder (the “Holder”) hereby exercises the right to purchase                     of the shares of Common Stock, par
value $0.001 per share (the “Warrant Shares”), of EndoStim, Inc., a Delaware corporation (the “Company”), evidenced by the attached Common Stock Warrant (the “Warrant”). Capitalized terms used
herein and not otherwise defined shall have the respective meanings set forth in the Warrant. 
 1. Payment of Exercise Price. The Holder
shall pay the Exercise Price in the sum of $                    to the Company in accordance with the terms of the Warrant. 

2. Delivery of Warrant Shares. The Company shall deliver to the Holder
                    Warrant Shares in accordance with the terms of the Warrant. 

 

	
	Date:                         ,
            
	
	   

	Name of Holder

  

			
	By:	 	 
		 	 Name:
 Title:

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