On April 14, 2020, Lilis Energy, Inc. entered into a Thirteenth Amendment and Waiver (the 'Thirteenth Amendment') to the Second Amended and Restated Senior Secured Revolving Credit Agreement, dated October 10, 2018 (as amended from time to time, the 'Revolving Credit Agreement'), among the Company, certain subsidiaries of the Company, as guarantors, the lenders party thereto, and BMO Harris Bank N.A., as administrative agent. As previously disclosed, as a result of the January 17, 2020 redetermination of the borrowing base under the Revolving Credit Agreement, a borrowing base deficiency (the “Borrowing Base Deficiency”) currently exists under the Revolving Credit Agreement. The Borrowing Base Deficiency reflects the amount by which the principal amount of borrowings outstanding under the Revolving Credit Agreement exceeds the borrowing base as so redetermined. The Borrowing Base Deficiency was initially in the amount of $25 million, but on February 28, 2020, the Company paid the Borrowing Base Deficiency down by $17.25 million, such that the Borrowing Base Deficiency is currently $7.75 million. Prior to the Thirteenth Amendment, the final Borrowing Base Deficiency payment of $7.75 million was due to be paid on April 14, 2020. The Thirteenth Amendment amended the Revolving Credit Agreement to, among other things, extend the due date for the final $7.75 million installment of the Borrowing Base Deficiency from April 14, 2020 to April 21, 2020. The Company is currently considering other transactions to fund the repayment of the remaining Borrowing Base Deficiency amount. If the Company is unable to repay all or any portion of the remaining Borrowing Base Deficiency amount as and when required under the Revolving Credit Agreement, an event of default would occur under the Revolving Credit Agreement.