On March 24, 2017, Titan Energy, LLC, its subsidiary, Titan Energy Operating, LLC, as borrower, and certain subsidiary guarantors entered into a First Amendment to the Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto. Pursuant to the First Lien Amendment, the deadline for the company's obligation to deliver quarterly financial statements for the three months ended December 31, 2016 was extended from 55 to 100 days after December 31, 2016, and the associated grace period prior to any acceleration for failure to comply was removed. The Borrower, the Parent, the Administrative Agent and the Lenders are parties to that certain Third Amended and Restated Credit Agreement, dated as of September 1, 2016 (the Credit Agreement), pursuant to which the Lenders have, subject to the terms and conditions set therein, made certain credit available to and on behalf of the Borrower.