First Amendment to Continental Resources, Inc. 2000 Stock Option Plan
This amendment updates the Continental Resources, Inc. 2000 Stock Option Plan by changing the number of shares available under the plan to 1,020,000 shares of the company's non-voting common stock. All other terms of the original plan remain unchanged. The amendment was approved by the company's shareholders and Board of Directors and became effective on December 8, 2004.
EXHIBIT 10.7
FIRST AMENDMENT
to
CONTINENTAL RESOURCES, INC.
2000 STOCK OPTION PLAN
Pursuant to the authority granted to the undersigned upon the approval by the shareholders and the Board of Directors of Continental Resources, Inc., the Continental Resources, Inc. 2000 Stock Option Plan (the “Plan”), is hereby amended as follows:
Section 1.03 of the Plan is hereby amended by deleting the first sentence and substituting therefore the following:
“Subject to Articles IV, VII and IX of this Plan, shares of stock covered by options shall consist of 1,020,000 shares of the Company’s Non-Voting Common Stock, par value $.01 per share (“Common Stock”).”
Except as otherwise provided in this First Amendment, the Plan is hereby ratified and confirmed in all respects. The effective date of this First Amendment shall be December 8, 2004.
Executed this 8th day of December, 2004.
