13D Filing: Varde Partners Inc and Lilis Energy Inc. (LLEX)

Name of
reporting person

The Värde Fund XI (Master), L.P.

Check the appropriate box if a member
of a group (see instructions)

(a)  ☐        (b)  ☒

SEC use only:

Source of funds (see
instructions):

OO

Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e):  ☐

Citizenship or place of
organization:

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

Sole voting power:

19,429,044

Shared voting power:

0

Sole dispositive power:

18,134,353

Shared dispositive power:

0

Aggregate amount beneficially owned by each reporting person:

19,429,044

Check if the aggregate amount in Row
(11) excludes certain shares: (see instructions)  ☐

Percent of class represented by amount
in Row (11):

25.4%*

Type of reporting person (see
instructions):

PN