Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.

On October 25, 2024, Amplify Energy Operating LLC (the "Borrower"), a wholly owned subsidiary of Amplify Energy Corp., a Delaware corporation (the "Company"), entered into the Borrowing Base Redetermination, Commitment Increase and First Amendment to Amended and Restated Credit Agreement (the "First Amendment"), among the Borrower, Amplify Acquisitionco LLC, the guarantors party thereto, the lenders party thereto and KeyBank National Association, as administrative agent for the lenders. The First Amendment amends the Amended and Restated Credit Agreement, dated July 31, 2023 (the "Credit Agreement"), to, among other things: (i) reduce the borrowing base under the Credit Agreement from $150.0 million to $145.0 million, (ii) increase the aggregate elected commitments under the Credit Agreement from $135.0 million to $145.0 million and (iii) amend certain interest rates applicable to loans under the Credit Agreement.

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the First Amendment, which is filed as Exhibit 10.1 to this report and incorporated herein by reference.