text: **Junior Credit Facility**
  
  In August 2013, Sundance Energy, Inc. (“Sundance Energy”), a wholly owned subsidiary of the Company, entered 
  into a second lien credit agreement with Wells Fargo Energy Capital, Inc., as the administrative agent (the “Junior 
  Credit Facility”), which provides for term loans to be made in a series of draws up to $100 million. The Junior Credit 
  Facility matures in June 2018 and is secured by a second priority lien on substantially all of the Company’s assets. 
  Upon entering into the Junior Credit Facility, the Company immediately borrowed $15 million pursuant to the terms 
  of the Junior Credit Facility and paid down the outstanding principal of the Senior Credit Facility. In May 2014, the 
  Company’s borrowing capacity increased to $35 million. As at 31 December 2014, the borrowing capacity under the 
  Junior Credit Facility remains at $35 million. 