On February 18, 2014, Gasco Energy, Inc., a Nevada corporation (the "Company"), as borrower, Orogen Energy, Inc., a Delaware corporation, as agent and as a lender, and Markham LLC, a Delaware limited liability company, as a lender, entered into that certain First Amendment to Credit Agreement to amend the Credit Agreement dated October 18, 2013 (the "Credit Agreement Amendment"). Pursuant to the Credit Agreement Amendment, the revolving credit termination date was extended from February 18, 2014 to May 19, 2014. As of the date hereof, the Company has borrowed $4,000,000 under the revolving credit facility, which was used for general corporate purposes, leaving the Company with $1,000,000 of credit availability under the revolving credit facility, subject to the terms and conditions thereof.
