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, September 8,
2020, and September 30, 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 October 7, 2020, the Company, the Filing Subsidiaries, the Administrative
Agent and the Lenders entered into a Sixth Amendment (the "Sixth Amendment") to
the DIP Credit Agreement. The Sixth 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 the Debtors must have
obtained a Confirmation Order (as defined in the DIP Credit Agreement) from the
Bankruptcy Court. The parties also agreed that any future extension of the dates
for the milestones of the Chapter 11 Cases as specified in the DIP Credit
Agreement may be adopted by email agreement.
The foregoing description of the Sixth Amendment does not purport to be complete
and is qualified in its entirety by reference to the full text of the Sixth
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
Sixth Amendment to Senior Secured Super-Priority
Debtor-in-Possession Credit Agreement dated as of October 7, 2020,
among Lilis Energy Inc., the guarantors party thereto, BMO Harris
10.1 Bank N.A., as administrative agent, and the lenders party thereto.
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LILIS ENERGY, INC. 
