exhibit 10. 1 execution version securities subscription agreement by and among lilis energy, inc. and the purchasers named on schedule a hereto table of contents article i definitions 1 section 1. 1 definitions 1 article ii agreement to sell and purchase 5 section 2. 1 sale and purchase 6 section 2. 2 closing 6 section 2. 3 mutual conditions 6 section 2. 4 each purchaser ’ s conditions 6 section 2. 5 company ’ s conditions 7 section 2. 6 deliveries by the company 7 section 2. 7 purchaser deliveries 8 section 2. 8 independent nature of purchasers ’ obligations and rights 8 article iii representations and warranties of the company 8 section 3. 1 existence 8 section 3. 2 capitalization 9 section 3. 3 subsidiary 9 section 3. 4 no conflict 9 section 3. 5 authority 9 section 3. 6 approvals 10 section 3. 7 compliance with laws 10 section 3. 8 periodic reports 10 section 3. 9 internal accounting controls 11 section 3. 10 litigation 11 section 3. 11 no material adverse effect 11 section 3. 12 environmental matters 11 section 3. 13 properties ; titles, etc 12 section 3. 14 maintenance of properties 12 section 3. 15 certain fees 12 section 3. 16 no side agreements 13 section 3. 17 no general solicitation ; no advertising 13 section 3. 18 no registration required 13 section 3. 19 no integration 13 section 3. 20 investment company status 13 article i article i article i definitions 1 definitions 1 section 1. 1 definitions 1 section 1. 1 definitions 1 article ii article ii agreement to sell and purchase 5 agreement to sell and purchase 5 section 2. 1 sale and purchase 6 section 2. 1 sale and purchase 6 section 2. 2 closing 6 section 2. 2 closing 6 section 2. 3 mutual conditions 6 section 2. 3 mutual conditions 6 section 2. 4 each purchaser ’ s conditions 6 section 2. 4 each purchaser ’ s conditions 6 section 2. 5 company ’ s conditions 7 section 2. 5 company ’ s conditions 7 section 2. 6 deliveries by the company 7 section 2. 6 deliveries by the company 7 section 2. 7 purchaser deliveries 8 section 2. 7 purchaser deliveries 8 section 2. 8 independent nature of purchasers ’ obligations and rights 8 section 2. 8 independent nature of purchasers ’ obligations and rights 8 article iii article iii representations and warranties of the company 8 representations and warranties of the company 8 section 3. 1 existence 8 section 3. 1 existence 8