FOURTH AMENDMENT TO FORBEARANCE AGREEMENTForbearance Agreement • June 28th, 2016 • Lilis Energy, Inc. • Crude petroleum & natural gas • Texas
THIS FOURTH AMENDMENT TO FORBEARANCE AGREEMENT (this “Amendment”) is dated June 22, 2016, and amends that certain Forbearance Agreement dated November 24, 2015 (as previously amended, the “Forbearance Agreement”) by and among (i) Brushy Resources, Inc. (f/k/a Starboard Resources, Inc.), a Delaware corporation (“Borrower”), (ii) ImPetro Resources, LLC, a Delaware limited liability company (“ImPetro Resources”), (iii) ImPetro Operating, LLC, a Delaware limited liability company (collectively with ImPetro Resources, the “Guarantors” and each a “Guarantor”), and (iv) Independent Bank, a Texas state bank (“Lender”). Capitalized terms used but not defined herein have the meaning given such terms in the Forbearance Agreement, if defined therein, and if not defined in the Forbearance Agreement, then have the meaning given such terms in the Credit Agreement (as defined below).
CONVERTIBLE SUBORDINATED PROMISSORY NOTE CONVERSION AGREEMENTConvertible Subordinated Promissory Note Conversion Agreement • June 28th, 2016 • Lilis Energy, Inc. • Crude petroleum & natural gas • New York
THIS CONVERTIBLE SUBORDINATED PROMISSORY NOTE CONVERSION AGREEMENT (this “Agreement”) is made as of this 23rd day of June, 2016, by and between Lilis Energy, Inc., a Nevada corporation (the “Company”) and the parties designated on Exhibit A hereto as Holders (each a “Holder” and together the “Holders”).
THIRD AMENDMENT TO AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • June 28th, 2016 • Lilis Energy, Inc. • Crude petroleum & natural gas • Delaware
This Third Amendment to Agreement and Plan of Merger (this “Amendment”), dated as of June 22, 2016, is by and among Lilis Energy, Inc., a Nevada corporation (“Lilis”), Lilis Merger Sub, Inc., a Delaware corporation and a wholly-owned Subsidiary of Lilis (the “Merger Sub”) and Brushy Resources, Inc., a Delaware corporation (“Brushy”).
