EXHIBIT 14

FIRST AMENDMENT TO THE PLAN SUPPORT AGREEMENT

This First Amendment to the Plan Support Agreement (this “Amendment”), dated as of January 21, 2016, is entered into by and among (i) Cubic Energy, Inc., a Texas corporation (“Cubic Energy”), Cubic Asset, LLC, a Delaware limited liability company (“CA LLC”), Cubic Asset Holding, LLC, a Delaware limited liability company (together with CA LLC, the “Cubic Asset Companies”), Cubic Louisiana, LLC, a Delaware limited liability company (“CL LLC”), and Cubic Louisiana Holding, LLC, a Delaware limited liability company (together with CL LLC, “Cubic Louisiana Companies”, and collectively with Cubic Energy and the Cubic Asset Companies, the “Cubic Parties”), (ii) each of the Prepetition Noteholders, (iii) BP Products North America, Inc., a Maryland corporation (“BPPNA”), and BP Energy Company, a Delaware corporation (“BPEC”, and together with BPPNA, “BP”), (iv) Wells Fargo Energy Capital, Inc., a Texas corporation (“Wells Fargo,” and together with the Prepetition Noteholders and BP, the “Supporting Creditors” and together with the Cubic Parties, the “Parties”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Plan Support Agreement (as defined below).

RECITALS

WHEREAS, the Cubic Parties, each of the Supporting Creditors and Fossil entered into that certain Plan Support Agreement, dated as of December 10, 2015 (as amended, restated, supplemented or otherwise modified from time-to-time, the “Plan Support Agreement”);

WHEREAS, on December 11, 2015, the Cubic Parties commenced the Prepackaged Cases in the Bankruptcy Court and filed in the Prepackaged Cases the Prepackaged Plan of Reorganization of Cubic Energy, Inc., et al., Pursuant to Chapter 11 of the Bankruptcy Code [Docket No. 16] and a related disclosure statement and exhibits [Docket No. 15]; and

WHEREAS, pursuant to and in accordance with Section 13 of the Plan Support Agreement, the Parties wish to amend the Plan Support Agreement.

NOW, THEREFORE, in consideration of the agreements and covenants contained herein, and for other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged by each Party hereto, the Parties agree as follows:

1. Amendments to the Plan Support Agreement.

(a) Section 2(b) to the Plan Support Agreement is hereby amended and restated as follows:

“Within one (1) Business Day of Cubic Energy receiving votes from each Supporting Creditor on the Prepackaged Plan, the Cubic Parties shall commence the Prepackaged Cases, and use their reasonable best efforts to (x) obtain entry of the interim Cash

Collateral Order within five (5) Business Days following the Petition Date and the final Cash Collateral Order within forty-five (45) days following the Petition Date, (y) obtain entry of the Confirmation Order on or prior to the first Business Day that is seventy-five (75) days following the Petition Date and (z) consummate the Prepackaged Plan as soon as practicable following entry of the Confirmation Order, but in no event later than the first Business Day that is fifteen (15) days following the entry thereof.”

(b) Section 8(d)(iii) to the Plan Support Agreement is hereby amended and restated as follows:

“at 11:59 p.m. prevailing Eastern Time on the first Business Day that is seventy-five (75) days after the Petition Date, unless the Bankruptcy Court shall have entered (x) the Final Cash Collateral Order and (y) the Confirmation Order;”

2. Consent to Amended Prepackaged Plan. The Parties hereby consent to the amended Prepackaged Plan attached as Exhibit A hereto.

3. Continued Effect of the Plan Support Agreement. Except as specifically amended by the terms of this Amendment, this Amendment shall not, by implication or otherwise, alter, modify, amend or in any way affect any of the obligations or covenants contained in the Plan Support Agreement, all of which are ratified and confirmed in all respects by the Parties hereto and shall continue in full force and effect for all purposes.

4. Entire Agreement. This Amendment, together with the Plan Support Agreement, constitutes the entire agreement of the Parties hereto, and supersedes all other prior negotiations with respect to the subject matter hereof. Except as modified by this Amendment, the Plan Support Agreement shall continue in full force and effect. Each reference to the Plan Support Agreement hereafter made in any document, agreement, instrument, order, notice or communication shall mean and be a reference to the Plan Support Agreement as modified hereby. On and after the date of this Amendment, each reference in the Plan Support Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import referring to the Plan Support Agreement shall mean and be a reference to the Plan Support Agreement as amended by this Amendment; provided that the phrase “date hereof” or “date of this Agreement” or words of like import in the Plan Support Agreement shall continue to be December 10, 2015 for all purposes.

5. Miscellaneous. The provisions of Sections 14, 15, 16, 18, 21, 22, 23, 24, and 25 of the Plan Support Agreement shall apply to this Amendment as if set forth herein mutatis mutandis.

IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed and delivered by their respective duly authorized officers, solely in their respective capacity as officers of the undersigned and not in any other capacity, as of the date first set forth above.

CUBIC ENERGY, INC.

By:	/s/ John Stuart Ross
Name:	John Stuart Ross
Title:	EVP/Secretary


CUBIC ASSET HOLDING, LLC

By:	CUBIC ENERGY, INC.
Its:	Sole Member

	By:	/s/ John Stuart Ross
	Name:	John Stuart Ross
	Title:	EVP/Secretary


CUBIC ASSET, LLC

By:	CUBIC ASSET HOLDING, LLC
Its:	Sole Member

	By:	CUBIC ENERGY, INC.
	Its:	Sole Member

		By:	/s/ John Stuart Ross
		Name:	John Stuart Ross
		Title:	EVP/Secretary

CUBIC ENERGY INC SC 13D/A