Item 8.01 Other Events.

As previously indicated in its Quarterly Report on Form 10-Q for the nine months ended September 30, 2020, Sundance Energy Inc. (the "Company") was not in compliance as of such date with respect to (a) the Asset Coverage Ratio under its second lien term loan facility or (b) the Total Debt to EBITDA Ratio or minimum Current Ratio under its senior secured revolving credit facility. In addition, pursuant to the second lien term loan facility, the Company was required to enter into a restructuring support agreement with its lenders by November 30, 2020 which did not occur. As a result of such non-compliance, the Company was unable to deliver applicable compliance certificates under such facilities and cross-defaults under each facility were triggered. While they have not yet done so, these events of default allow the lenders to demand immediate repayment of the amounts outstanding under our credit facilities.

The Company has not yet received waivers or amendments from the lenders to waive or otherwise address these events of default. The Company continues to actively work with the lenders under each facility to provide for any waivers, amendments, or forbearances necessary, although there can be no assurances that the Company will be able to do so. If the Company is unsuccessful in its efforts, it may be necessary for the Company to seek protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code, or such creditors may seek other remedies.

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