Bonanza Creek Energy, Inc. (the “ Company ”) has adopted this Second Amended and Restated Executive Change in Control and Severance Benefit Plan (this “ Plan ”) to provide for the payment of severance or change in control benefits to Eligible Individuals (as defined below). The Plan was approved by the Board of Directors of the Company (the “ Board ”) to be effective as of September 26, 2016 (the “ Effective Date ”).