On March 28, 2024 Battalion Oil Corporation and its wholly owned subsidiary, Halcón Holdings, LLC entered into a Third Amendment to its Amended and Restated Senior Secured Credit Agreement dated as of November 24, 2021(as the same has been amended, restated, amended and restated, supplemented and modified from time to time prior to the date hereof, the ? Credit Agreement?), by and among, inter alias, the Company, the Borrower, Macquarie Bank Limited, as administrative agent and certain other financial institutions party thereto, as lenders. The Third Amendment amended the Credit Agreement to, among other things, (a) amend the approved plan of development (the ?

APOD?) for certain properties, (b) remove the PDP Production Test and APOD Economic Test (each as defined in the Credit Agreement), (c) require the Borrower to receive cash proceeds from equity issuances and/or cash contributions in an aggregate amount of not less than $38 million during the period from the Amendment Effective Date through March 31, 2024 (the ? Specified Additional Equity Capital?), which such Specified Additional Equity Capital shall be excluded from the calculation of the Consolidated Cash Balance (as defined in the Credit Agreement), and (d) make amendments to certain other affirmative covenants in connection with the foregoing. The Company did not incur additional debt or receive any proceeds in connection with the Third Amendment.