SEC Contract Filing

Filing Date: 2017-05-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>5
<FILENAME>sbow_ex102-05052017.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="s775BB6137FEE35E24B13D5AF14909080"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">FIRST AMENDMENT TO THE </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">SWIFT ENERGY COMPANY</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">INDUCEMENT PLAN</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">This First Amendment (the &#8220;</font><font style="font-family:Arial;font-size:12pt;font-style:italic;font-weight:bold;">First Amendment</font><font style="font-family:Arial;font-size:12pt;">&#8221;) to the Swift Energy Company Inducement Plan (the &#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Plan</font><font style="font-family:Arial;font-size:12pt;">&#8221;), is made effective as of May 5, 2017</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:12pt;">(the</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:12pt;">&#8220;</font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Amendment Effective Date</font><font style="font-family:Arial;font-size:12pt;">&#8221;). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan.</font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:12pt;">, Swift Energy Company previously adopted the Plan; </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:12pt;">, Swift Energy Company changed its name to SilverBow Resources, Inc. (&#8220;the </font><font style="font-family:Arial;font-size:12pt;text-decoration:underline;">Company</font><font style="font-family:Arial;font-size:12pt;">&#8221;), effective May 5, 2017; </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">WHEREAS</font><font style="font-family:Arial;font-size:12pt;">, the Board desires to amend the Plan in order to reflect the Company&#8217;s name change to &#8220;SilverBow Resources, Inc.&#8221;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"></font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:Arial;font-size:12pt;">, </font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">BE IT RESOLVED</font><font style="font-family:Arial;font-size:12pt;">, that, the Plan shall be amended as of the Amendment Effective Date, as set forth below: </font></div><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:Arial;font-size:12pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">The Plan should be renamed the &#8220;SilverBow Resources, Inc. Inducement Plan.&#8221;&#8217;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:12pt;padding-left:48px;"><font style="font-family:Arial;font-size:12pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Any reference to the &#8220;Swift Energy Company Inducement Plan&#8221; within the Plan should be deleted replaced with &#8220;SilverBow Resources, Inc. Inducement Plan.&#8221;</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:-48px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;"></td><td></td></tr><tr><t