On May 28, 2021, Extraction Oil & Gas, Inc. entered into that certain Amendment No. 3 to the Credit Agreement, which amends that certain Credit Agreement, dated January 20, 2021 (as amended and modified, the Credit Agreement), by and among the company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent for the Lenders and as issuing lender. The Amendment, among other things, extends the deadline to meet certain minimum hedging requirements in light of company's previously announced merger combination with Bonanza Creek Energy, Inc. The Amendment also contains customary representations, warranties and agreements by the company and each Guarantor.