Item 1.01 Entry Into Material Definitive Agreement.
As previously disclosed, on June 28, 2020, Lilis Energy, Inc., a Nevada
corporation (the "Company"), and its consolidated subsidiaries Brushy Resources,
Inc., ImPetro Operating LLC, ImPetro Resources, LLC, Lilis Operating Company,
LLC and Hurricane Resources LLC (collectively, the "Filing Subsidiaries" and,
together with the Company, collectively, the "Debtors") filed voluntary
petitions seeking relief under Chapter 11 of Title 11 of the United States Code
(the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern
District of Texas, Houston Division (the "Bankruptcy Court") commencing cases
for relief under Chapter 11 of the Bankruptcy Code (the "Chapter 11 Cases"). In
connection with the Chapter 11 Cases, on June 30, 2020, the Company entered into
that certain Senior Secured Super-Priority Debtor-in-Possession Credit Agreement
(as amended on August 17, 2020, August 21, 2020, August 28, 2020, and September
8, 2020, the "DIP Credit Agreement") with the Filing Subsidiaries, as
guarantors, BMO Harris Bank N.A., as administrative agent (the "Administrative
Agent"), and the lenders party thereto (the "Lenders").
On September 30, 2020, the Company, the Filing Subsidiaries, the Administrative
Agent and the Lenders entered into a Fifth Amendment (the "Fifth Amendment") to
the DIP Credit Agreement. The Fifth Amendment, among other things, amends the
covenant therein with respect to the satisfaction of certain milestones during
the course of the Chapter 11 Cases by extending the date by which approval of
the Disclosure Statement (as defined in the DIP Credit Agreement) must have been
obtained from the Bankruptcy Court and the date by which an Auction (as defined
in the DIP Credit Agreement) must have occurred if the Debtors have received
more than one qualifying bid satisfying the Approved Bidding Procedures (as
defined in the DIP Credit Agreement).
The foregoing description of the Fifth Amendment does not purport to be complete
and is qualified in its entirety by reference to the full text of the Fifth
Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and
is incorporated herein by reference.
Item 9.01 Exhibits.
(d) Exhibits.
Exhibit Number Description
Fifth Amendment to Senior Secured Super-Priority
Debtor-in-Possession Credit Agreement dated as of September 30,
2020, among Lilis Energy Inc., the guarantors party thereto, BMO
Harris Bank N.A., as administrative agent, and the lenders party
10.1 thereto.
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LILIS ENERGY, INC. 
