Grizzly Energy LLC entered into that certain fifth amended and restated credit agreement dated as of July 16, 2019 (the “RBL Credit Agreement”), among Grizzly Natural Gas, LLC, as borrower (the “RBL Borrower”), Grizzly, as parent, Citibank, N.A., as administrative agent and issuing bank, Citibank, N.A., as collateral agent, and the lenders party thereto from time to time. Pursuant to the RBL Credit Agreement, the lenders party thereto agreed to provide a new first-lien reserved-based credit facility with first-out revolving credit commitments in the aggregate amount of $65.0 million (the “Revolving Loans”) and a second-out term loan in the aggregate amount of $65.0 million (the “Term Loan A”). The initial borrowing base under the RBL Credit Agreement is $65.0 million. The maturity date of the RBL Credit Agreement is July 16, 2022. Until the maturity date, the Term Loan A shall bear interest at a rate per annum equal to 3.00% plus the adjusted LIBO rate for an alternate base rate loan or 4.00% plus the adjusted LIBO rate for a Eurodollar loan, and the Revolving Loans shall bear interest based on borrowing base utilization percentage at a rate per annum equal to the alternate base rate plus a margin ranging from 2.00% to 3.00% for alternative base rate loans or the adjusted LIBO rate plus a margin ranging from 3.00% to 4.00% for Eurodollar loans. Unused commitments under the RBL Credit Agreement will accrue a commitment fee at a rate of 0.50%, payable quarterly in arrears. Grizzly has also entered into that certain Term Loan Credit Agreement dated as of July 16, 2019 (the “Term Loan Credit Agreement”) among Grizzly Natural Gas, LLC (formerly known as Vanguard Natural Gas, LLC), as borrower (the “Term Loan Borrower”), Grizzly, as parent, Citibank, N.A., as administrative agent, Citibank, N.A., as collateral agent, and the lenders party thereto from time to time. Pursuant to the Term Loan Credit Agreement, the lenders party thereto agreed to provide a first-lien, last-out term loan in the aggregate amount of $285.0 million (the “Term Loan B”). The Term Loan Credit Agreement and the RBL Credit Agreement together are referred to herein as the “Exit Facility”. The maturity date of the Term Loan Credit Agreement is January 16, 2023. Until the maturity date, the Term Loan B shall bear interest at a rate per annum equal to 6.50% for an alternate base rate loan or 7.50% for a Eurodollar loan.