X0206 3 2020-08-11 0 0000867665 ABRAXAS PETROLEUM CORP AXAS 0000860662 ANGELO GORDON & CO., L.P. C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 1 0 1 0 0001813673 AG Energy Funding, LLC C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 1 0 1 0 0001064683 AG PARTNERS LP C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 1 0 1 0 0001812841 JAMG LLC C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 1 0 1 0 0001064682 GORDON MICHAEL L C/O ANGELO, GORDON & CO., L.P. 245 PARK AVENUE, 26TH FLOOR NEW YORK NY 10167 1 0 1 0 Warrant (right to buy) 0.01 2020-08-11 Common Stock 33445792 I See Footnote The warrant is exercisable until the earlier of August 11, 2025 and the date that is two years after the first date in which the Obligations (as defined in the Tem Loan Credit Agreement, dated as of November 13, 2019, among Abraxas Petroleum Corporation, the lenders party thereto from time to time and Angelo Gordon Energy Servicer, LLC, as amended, supplemented, restated or otherwise modified from time to time) has been paid in full in cash. These securities are held directly by AG Energy Funding, LLC ("AG Energy Funding") for which Angelo, Gordon & Co, L.P. ("Angelo Gordon") is the manager. Michael L. Gordon is the managing member of JAMG LLC ("JAMG"), which is the managing member of AG Partners, LLC ("AG Partners"), which is the sole general partner of Angelo Gordon and Mr. Gordon is the chief executive officer of Angelo Gordon. Each of Mr. Gordon, JAMG and AG Partners may be deemed to control Angelo Gordon. Each of Angelo Gordon, AG Partners, JAMG and Michael L. Gordon disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein and this report shall not be deemed to be an admission that any of Angelo Gordon, AG Partners, JAMG or Michael L. Gordon is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Todd Dittmann, a managing director of AG Energy Funding, LLC ("AG Energy Funding") and a member of AG Energy Funding's executive committee, is a member of the Board of Directors of Abraxas Petroleum Corporation (the "Issuer"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, AG Energy Funding, Angelo Gordon & Co., L.P., AG Partners, LLC, JAMG LLC and Michael L. Gordon may be deemed to be directors by deputization of the Issuer due to their relationship with Mr. Dittmann. /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC, General Partner of Angelo, Gordon & Co., L.P., Manager of AG Funding, LLC 2020-08-21 /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC, General Partner of Angelo, Gordon & Co., L.P. 2020-08-21 /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC, Managing Member of AG Partners, LLC 2020-08-21 /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon, Managing Member of JAMG LLC 2020-08-21 /s/ Kirk Wickman, as Attorney-in-Fact for Michael L. Gordon 2020-08-21