CREDIT AND GUARANTY AGREEMENT dated September 29, 2016 BETWEEN LILIS ENERGY, INC., as Borrower, The Guarantors Party Hereto, as Guarantors, The Lenders Party Hereto, as Lenders, and T.R Winston & Company, LLC, as Collateral AgentCredit and Guaranty Agreement • October 26th, 2016 • Lilis Energy, Inc. • Crude petroleum & natural gas • New York
THIS CREDIT AND GUARANTY AGREEMENT is entered into as of September 29, 2016, by and among Lilis Energy, Inc., a Nevada corporation (together with its permitted successors and assigns, the “Borrower”), Brushy Resources, Inc., a Delaware Corporation (“Brushy”), ImPetro Operating, LLC, a Delaware limited liability company (“Operating”) and ImPetro Resources, LLC, a Delaware limited liability company (“Resources”, and together with Brushy and Operating, the “Initial Guarantors”), the lenders party hereto (each a “Lender” and together, the “Lenders”), and T.R Winston & Company, LLC, as collateral agent for the Lenders (the “Collateral Agent”). Certain terms used herein are defined in Section 1.1.
