UNITED STATES DISTRICT COURT

DISTRICT OF PUERTO RICO 

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

as representative of

THE COMMONWEALTH OF PUERTO RICO, et al.,

Debtors.1

PROMESA

Title III

No. 17 BK-3283-LTS

(Jointly Administered)

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

as representative of

THE PUERTO RICO HIGHWAYS AND

TRANSPORTATION AUTHORITY,

Debtor.

PROMESA

Title III

No. 17 BK-3567-LTS

Re: ECF No. 1485

CARLOS E. ITURREGUI MARGARIDA, et al.,

Movants,

v.

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

as representative of

THE PUERTO RICO HIGHWAYS AND

TRANSPORTATION AUTHORITY,

Respondent.

1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four 

(4) digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto 

Rico (Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales 

Tax Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal 

Tax ID: 8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 

3567-LTS) (Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of 

the Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal 

Tax ID: 9686); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) 

(Last Four Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy 

Case No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801). Title III case numbers are listed as 

Bankruptcy Case numbers due to software limitations. 

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 1 of 24
2

OBJECTION OF THE PUERTO RICO HIGHWAYS AND 

TRANSPORTATION AUTHORITY TO SECOND MOTION

FOR RESOLUTION OF MOTION FOR RELIEF FROM STAY

To the Honorable United States District Court Judge Laura Taylor Swain:

The Puerto Rico Highways and Transportation Authority (“HTA” or the “Debtor”), by and 

through the Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”), 

as the sole Title III representative of HTA pursuant to Section 315(b) of the Puerto Rico Oversight, 

Management, and Economic Stability Act (“PROMESA”),2 respectfully submits this objection (the 

“Objection”) to the Second Motion for Resolution of Motion for Relief from Stay [Case No. 17-

03567, ECF No. 1485]3 (the “Second Lift Stay Motion”) filed by Carlos E. Iturregui Margarida, 

Pedro J. Iturregui Margarida, Ana I. Iturregui Margarida, José A. Iturregui Margarida, Isabelita A. 

Iturregui, Ana Isabel Iturregui Álvarez, and Dayren R. Iturregui Álvarez (collectively, “Movants”), 

plaintiffs in the litigation, captioned Iturregui-Margarida et al. v. Puerto Rico Highway and 

Transportation Authority et al., Case No. 22-01227 (the “Litigation”), pending before the United 

States District Court for District of Puerto Rico (the “District Court”). The Debtor respectfully 

requests that the Court deny the Second Lift Stay Motion for the reasons set forth below.

BACKGROUND

A. HTA’s Title III Case

1. On May 21, 2017, (the “HTA Petition Date”), the Oversight Board filed a voluntary 

petition for relief for HTA pursuant to PROMESA Section 304(a) in the United States District 

Court for the District of Puerto Rico (the “Title III Court”), commencing a case under Title III 

thereof (the “HTA Title III Case”).

2

 PROMESA is codified at 48 U.S.C. §§ 2101–2241.

3

 Docket references contained herein shall refer to the docket for Case No. 17-03567 unless otherwise specified.

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 2 of 24
3

2. On February 15, 2018, the Title III Court entered the Order (A) Establishing 

Deadlines And Procedures For Filing Proofs Of Claim And (B) Approving Form And Manner Of 

Notice Thereof [Case No. 17-03283, ECF No. 2521] (the “Bar Date Order”), establishing May 29, 

2018 as the deadline for filing proofs of claim. On May 25, 2018, the Title III Court entered an 

order [Case No. 17-03283, ECF No. 3160] extending the bar date to June 29, 2018. 

3. On May 21, 2018, the original owners of the property at issue in the Litigation filed 

Proof of Claim No. 17256 in the HTA Title III Case, asserting a claim in connection with the 

ongoing case captioned, Autoridad de Carreteras y Transportación de Puerto Rico v. Carlos E. 

Iturregui Margarida, et al., Civil Case No. KEF 2003-0095 (the “Commonwealth Action”) in the 

amount of $3,938,407.37.

4. On October 12, 2022, the Title III Court entered the Order and Judgment 

Confirming Modified Fifth Amended Title III Plan of Adjustment of the Puerto Rico Highways and

Transportation Authority [ECF No. 1415] (the “HTA Confirmation Order”), confirming the 

Modified Fifth Amended Title III Plan of Adjustment of the Puerto Rico Highways and 

Transportation Authority [ECF No. 1404] (the “HTA Plan”). 

5. On December 6, 2022, the HTA Plan became effective (the “Effective Date”).

B. The Lift Stay Motions

6. On September 30, 2022, Movants filed the Motion for Relief from Stay [ECF No. 

1411] (the “First Lift Stay Motion”), seeking relief from the automatic stay for “movants to 

proceed with civil rights violations and inverse condemnation proceedings against HTA” in the 

Litigation. See First Lift Stay Motion at 7. 

7. On October 19, 2022, HTA filed its objection to the First Lift Stay Motion [ECF 

No. 1420], attached hereto as Exhibit A (the “First Objection”), arguing the First Lift Stay Motion 

should be denied because (i) the Litigation is duplicative of the Commonwealth Action, (ii) 

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 3 of 24
4

Movants seek to enforce a “personal damages” claim against HTA, which should be addressed, if 

at all, in the Title III claims reconciliation process if timely and properly asserted, and (iii) Movants 

failed to otherwise demonstrate “cause” exists for relief from the automatic stay under the Sonnax

factors. First Objection ¶¶ 1-2.

8. On October 25, 2022, Movants filed Iturreguis’ Reply to HTA’s Objection to 

Motion for Relief from Stay [ECF No. 1427] (the “Reply”). See Reply at 5.

9. On February 15, 2023, Movants filed the Motion for Resolution of Motion for Relief 

from Stay [ECF No. 1471] (the “Resolution Motion”), requesting the Court enter an order granting 

the First Lift Stay Motion and denying the First Objection. Resolution Motion ¶ 4.

10. On May 2, 2023, Movants filed the Second Lift Stay Motion, in which Movants

again appear to seek stay relief to proceed with the Litigation, and further arguing that the First 

Circuit’s decision, Fin. Oversight & Mgmt. Bd. for P.R. v. Cooperative de Ahorro y Credito 

Abraham Rosa, 41 F.4th 29 (1st Cir. 2022), cert. denied, 143 S. Ct. 774 (2023) (the “First Circuit 

Decision”), regarding the non-dischargeability of taking claims pursuant to the Modified Eighth 

Amended Title III Joint Plan of Adjustment of the Commonwealth of Puerto Rico, the Employees 

Retirement System of the Government of the Commonwealth of Puerto Rico, and the Puerto Rico 

Public Buildings Authority [Case No. 17-03283, ECF No. 19784] (the “Commonwealth Plan”), 

entitles Movants to relief from the discharge injunction to pursue their personal damages claims 

and duplicative takings claims.

ARGUMENT

11. Pursuant to the Second Lift Stay Motion, Movants seek an order modifying the 

automatic stay4 pursuant to section 362 of title 11 of the United States Code (the “Bankruptcy 

4 Pursuant to section 362(c)(2)(C) of the Bankruptcy Code, Section 41.25 of the HTA Plan, and decretal paragraph 

47 of the HTA Confirmation Order, the automatic stay was replaced by the discharge injunction upon the 

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 4 of 24
5

Code”) to allow Movants to proceed with their alleged civil rights violations and inverse 

condemnation proceedings in the Litigation asserted against HTA in the District Court. See

Second Lift Stay Motion at 3.

12. Movants have now filed three motions before this Court seeking to lift the 

automatic stay in HTA’s Title III case to pursue “personal damages” claims against HTA and 

litigation duplicative of an eminent domain action commenced by HTA in the Puerto Rico Court 

of First Instance of San Juan. The Second Lift Stay Motion requests identical relief as the First 

Lift Stay Motion, which has already been fully briefed as of October of 2022. Accordingly, the 

Second Lift Stay Motion should be denied for the same reasons stated in the First Objection, which 

is incorporated herein by reference.

5

 

13. To the extent the Court determines to consider Movants’ new argument that the 

First Circuit Decision entitles Movants to relief from the discharge injunction to pursue their

personal damages and duplicative takings claims, Movants fail to note that they seek, in addition 

to their duplicative takings claims, “personal damages” claims against HTA, which claims are 

discharged and will be treated, if allowed, pursuant to the HTA Plan. Therefore, the First Circuit 

Decision has no bearing on Movants’ request for relief from the discharge injunction. 

occurrence of the effective date of the HTA Plan. See Memorandum Order Concerning Inquiry Motion of Juan 

Manuel Cruzado-Laureano at 9-15 [Case No. 17-3283, ECF No. 22349]; Memorandum Order Concerning Mr. 

Jose Lopez Medina’s Motion for Relief from the Automatic Stay Pursuant to PROMESA’s Sections 4, 7, 301(c)(3), 

304(h) and Bankruptcy Code’s Sections 362(b)(4), (d)(1) at 8 [Case No. 17-3283, ECF No. 23878]. 

To the extent the Court interprets the Second Lift Stay Motion to seek relief from the discharge injunction, some 

courts have considered such relief under the Sonnax factors discussed below. See In re SquareTwo Fin. Servs. 

Corp., No. 17-10659, 2017 WL 4012818, at *4 (Bankr. S.D.N.Y. Sept. 11, 2017); In re Fucilo, No. 00-36261, 

2002 WL 1008935, at *8 (Bankr. S.D.N.Y. Jan. 24, 2002); In re WorldCom, Inc., No. 02-13533, 2007 WL 841948, 

at *5 (Bankr. S.D.N.Y. Mar. 12, 2007). 

5 Furthermore, the Second Lift Stay Motion, while styled as a “second” motion, is in essence an unauthorized surreply in violation of Paragraph III.L of the Sixteenth Amended Notice, Case Management and Administrative 

Procedures [Case No. 17-03283, ECF No. 20190-1] (“Sur-replies shall not be permitted or considered unless 

authorized by the Court.”) by seeking to assert additional arguments with respect to Movants’ fully briefed First

Lift Stay Motion. Accordingly, the Second Lift Stay Motion should, at the very least, be stricken.

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 5 of 24
6

Furthermore, Movants’ takings claims are duplicative of the claims being addressed in the 

Commonwealth Action, which action is permitted to proceed to liquidation pursuant to Section 

19.1 of the HTA Plan. Accordingly, in addition to the reasons stated in the First Objection, 

Movants’ requests should be denied, and the reconciliation and treatment of Movants’ asserted 

claims, if allowed, should proceed pursuant to the Title III claims reconciliation process.

CONCLUSION

Movants fail to establish cause to justify the relief sought in the Second Lift Stay Motion 

and accordingly, and for the foregoing reasons, the Court should deny the Second Lift Stay Motion. 

Dated: May 16, 2023

San Juan, Puerto Rico 

Respectfully submitted,

/s/ Brian S. Rosen

Martin J. Bienenstock

Brian S. Rosen

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Attorneys for the Financial Oversight and 

Management Board as representative of the 

Debtor

/s/ Hermann D. Bauer

Hermann D. Bauer

USDC No. 215205

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800

San Juan, PR 00918-1813

Tel: (787) 764-8181

Fax: (787) 753-8944

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 6 of 24
7

Co-Attorneys for the Financial Oversight 

and Management Board as representative of 

the Debtor

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 7 of 24
Exhibit A

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 8 of 24
	













 !" "

#!$%&

'()(*'*+,-.

""/$%&01234&

!5*-(46



$"

+*7

-468#9:;<=;:

>?-+*7@AB++(*AC



 !" "

#!$%&

'()(*'*+,-.

$% /D!

$%D&

!5*-4



$"

+*7

-468#9:;EF8:


GH
IJKLKK

4% %" !&0123M&

"-,'*(&

,4

 !" "

#!$%&

'()(*'*+,-.

$% /D!

$%D&

()-A*4



 6N!5*-(+*N(+*7'((&'7-OP+*N'QN!5*-R(()Q*+,+*7Q'(SB5'A*N7'(*.-S>TCA+O+*(-.

'QN!5*-R(.A'7*'U+A*+.+Q'*+-SB5&'('))7+Q'57&'*N>+C-BB-P'7*N-.$S*-+Q->#'VS)*Q@'(-4

68#9;<=;:C>'(*-S!+O+*(-.A'7'U!;T=6CW>++C$S*-+Q-'7('U+'Q+O-)-'*+->XYC

>#'VS)*Q@'(-468#9;<=T:C>'(*-S!+O+*(-.A'7'U!=T8TCW>+++C$S*-+Q-+ONP'@('A

'()-*'*+-S*N-+*@>XYC>#'VS)*Q@'(-468#9;EF8:C>'(*-S!+O+*(-.A'7'U!;=Z=CW>+,C

B)7-@(*+B*@(*B-.*N -,B*-.*N-BB-P'7*N-.$S*-+Q->XYC>#'VS)*Q@'(-468

#9;EFF:C>'(*-S!+O+*(-.A'7'U![F=FCW>,C$S*-+Q-7Q*+Q$-PS*N-+*@>X$$YC>#'VS)*Q@

'(-468#9T8=Z:C>'(*-S!+O+*(-.A'7'U!;8T8CW'A>,+C$S*-+Q-$S57+Q#S+7A+O(S*N-+*@

>X$#YC>#'VS)*Q@'(-46[:#9:EE<;:C>'(*-S!+O+*(-.A'7'U!;=Z6C4+*7Q'(SB5('7+(*A

'(#'VS)*Q@'(SB5(AS*-(-.*P'7+B+*'*+-(4

\]^_`abcdefgbchijklmn`aopdqrs_t`aduavuppwxy_z_t`aduavuppag`ad`evk_^m`{]rx

klm|}_xy~]_alag

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 9 of 24


	






 !"#$%

&'()*+,(+%

-+.)./0-+.11./2+,*)-3)./0,/4566+/)),)5(.7)-+

)8,)./9

":";

.<,/)(=,*).-.2,5(+7.6+*+75/4+6)-+.//,>=,3).6(;

"#"%





?@ABCDEFGHIJEFKLMNOPQCDRSGTUVBWCDGXDYXSSZ[\B]BWCDGXDYXSSDJCDGCHYNBAPC^@U[

NOP_`B[\a@bBSOcDJ

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 10 of 24


	








!"#$"%&"%'(%)"**+&,-##.

/012345663789:;<=3>3?3/:0@A333333333333333333333333333333333333333333333333333333333333333333333333333333@.1.B.0:

()*C'D"EFG"***HIJ&+!*JK-LM-HJ)DJ#'NO)()*

C'D"EFG"**P.

;BB237807<0QRST3/:0;A33333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333@

+U'J)*VJ# JGWO)&*NO)VJ# JGWO)&*P.

XY3:9SZ391:[./::@\343=QR3]^_`499/;[<43=3X3a3b5c[./::@A333333333333333333333333333333B

O)def,gV'"dd)$"*J!*.

/0[h3?3190<hijkT343=3X3a30BB1A3333333333333333333333333333333333333333333333333333333333333333333333333333333333333339

O)(Vl%"J)W .

XY3:Bm::@7[mhnSm00./::Bo];::797@<hijkT3X3=3bpi34q6R30[./::BA33333333333333333333333;

O)"r%)M)U-")'-.

910h3?39B<hijkT343=3X3a3/:01A33333333333333333333333333333333333333333333333333333333333333333333333333333333333339.1

O)"UJK$"J&s"J).

[;[h3?371/<hijkT3^3=3Sip3/:0/A333333333333333333333333333333333333333333333333333333333333333333333333333333333333300

O)%GG)'.

//0h3?3;0[<hijkT3X3=3bpi30BB;A333333333333333333333333333333333333333333333333333333333333333333333333333333333333331

O)FJ"J'l%"J)J*.

XY3:Bm9::/@./:0:o][@7:7/1<43=3X3a3/:0:A3333333333333333333333333333333333333333333333333333333333333330:

O)F%).

[11h3?3BB<=3tjj3/:0/A333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333333331

O)L')"#!*W .

XY30/m0/:/:tn./:0/o]7;@:9;@<hijkT343=3X3a3b5c3;./:0/A33333333333333333333333331.;.B

O)u%r.

[07h3?399<hijkT3^3=3X3a3/::BA333333333333333333333333333333333333333333333333333333333333333333333333333333333333333331

O)v))%, '#.

09Bh3?3B:<=3>3?30BB7A.KKw/723787B9<0QRST30BB[A333333333333333333333333333333333333333333333339.@

-xO)'* *+&,-##.

XY30@m/7@9<2bhA./:0@\343=QR3]^_`4097100<=3>3?3XYZ3/./:0@A333333333333333333333333333@

yz{|}~}~|}~~||}~~~}~}|{}z

|z|~

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 11 of 24


	

		



 !"#!$%!"&' #( )*


+
,
+,-	
 ,
+,-	


.##/ 0 ))#%/123' & 4 &15 !6(#

7898:8;7

6$< = & >>!##?!!6##

/123'@ABCD&E"F>.*!%"(%#(!

GHIJKLMNOPQRMNSTUVWXYKLZ[O\]^J_KLO`La`[[bcdJeJ_KLO`La`[[LRKLOKPaVJIXKfH]c

VWXghJcdiHjJZWkLR

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 12 of 24




	

		




	
		
	



 !"#$%& '($'$)*+,+%-. +  /"&0 $1



2$ )$ "34'$-%5  -67 %89+:$);<34'$-7 %=>?

 ''"$"@@@A' $489+:$)$-0 /'% 'A $B+$/;<B=

<(!=>?A+'+ &)$CD;!>8EFGHIJKLMJNOGHPLQRISTUVUQGWGVISUVX

YMJVJWLMZIU[L\LI]^MI;<9:35_&B=>?'A)8+""/'+!6$'$'!`)$;<3!`)$=>

TJILJVaJHKG\LGaaHJWZIU]b* 'cdefgCDhe?_*2cdij;<5$=>8$"%!/* "'

_d@+-+$5 - $% ?9%,d@+-+$5 - $% ?B @d@+-+$5 - $% ?,'kBd@+-+$

5 - $% ?@' !"$ Bd@+-+$?B @' !"@+-+$l"4 m?%( /:d@+-+$l"4 m

;)"")$4"/?<54 '=>?A" $$88'$) ') A$%nIFHHGQFLoTUHQUHLXUGIU\pOpEFGHIJ

KLMJqLQRrU]UVXsHUVPtJHIUILJV^FIRJHLI]GIU\p?* 'cduufguue;<.$$- $=>?A%$-

!8#$%& '($'$)*+8($'$)89+:$);<($'$)*+=>d

(!'A)8+""/v+'' *+%/5$8 '''8!"0d


		



d9+'+ 5$?54 ''w%6%$8/$-+6 $)' /

A+'+ ')$Chu8$"8#$%& '*%;<7 w+A)/*%=>""0

.$$- $A)%$($'$)*+%x)+/`+%-6?$)"+%$-/`+%-6

$))$0$54 'y''%<A' "% 6 -'=)" $6- $'B$6+8

zDgg?gggdggdZGG5$ug{*6A" $?* 'cduufuue?_*2cddc !"/?.$$- $

$'%+A"$) $486$%6 $)$)66)%!/(!$9+:$)*+8

2$'@' )?& ,+ ?80$)+6 $)' /0 '6%$8$%""0)$A)%

9:35_&B$')%$8$%i|#d&d*d}}ugfuuid

~

 ¡¢

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 13 of 24


	






	









 




!




"
	
#
	





	






	





$
	




%&'
(






	



		

	


	











	
"
#

%!)

*+,-,.-

/012345678

09:;<=>;?@ABCCCDE>B

*'.F.G,"H

&#-'

%






HI'JKK
*FL,-M
K
&




)&


HI
,"
)#-		




,"
)
#-

L'N.OF.P
)QRSTRUVWXYZ[\]^Y_^`a

bT[S]^`TYV`ScRdeTSfRTYgdRg^]^`acRddhYQhi][^jV`SUkWVllRdm^`agdRjV`Sn[``TRQh

odZ^eTp_TRTdh,"%&'#-q)
r.GsF*P*J)NrO.t



u

F.P





	'*F.P
)

q)
r.GsF*P*J)Nr*.*.t$
vuF.P

O'.F.P'

'
,

-
H)
	r

.GO+
)




	

)		


,

-	w*u*PLFG*G

xyz{|}~~|}{|}}{{|}}}|}|{z|y

{y{}

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 14 of 24


	

	 !"#

$%&'"'!(%'&')'&#*+",'#-.../-%&+0 1#"#%&#*/ #%2'3%4'!*561

,17%##'%+ #*%'#689:;	
<=><?@;	
A
>BCDEF	GH9	IJ

	GHK(%'&')'&#*+",'#-.../-%&+0 1#"#%&#*/ #%2'3%4'!*561

,17%##'%+ #*%'#68?@;	
AABCDEFL9IJ

MNOPQRSTUSVWOPQXSYYSVZQ[\TP]^TUSVW[V_X`aaQVTbT[T`cSdTPQeUTUf[TUSV

<@
9g
hEF	HH9H	H9i	K9K9:

9H	K	i9:9	:?Kj9K999:9	GF9?j9K99kl9

	Hi:	G;	9:Kj9K99m	:FKj9K99L	mK

j9K99F9Kj9K9999	:?Kj9K99CDK9n:IJ

G9:9:9i	+ #%'$#16,17%#3'o/ #%2'3%pq

$-%1rq.# ! '(!'s#-qt9:;	u?@=v>CD	HH	n9

F	IJL	w			G@::9	Gx9m9CD	HH	n9	IJ	

9y99i	igz	F	L	w	9	:KK{v>9:

	Hi:9			n

h@		nK	HHH	GEF9:K9n:9

EF	9:i9	CDxi9	IJ9xiH
>
<H	GgK

9	H9:9g	9	n	HH	n9F				HH	n9	|

	H}::9g	iHx9	F		i		

G	8	HH	n9B		H9~9H9		::	GG9

t99	i	t	nt9x9g:9H9i9n

:i	}	9G	H	G9gzKH99gi	t:	9

H:

t	:	G	HH	n9F	EF	:K99KKK99H		G9ii	}H9g{



H	



 ¡¢£

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 15 of 24


	

	

			  !"	#	#!"$%


	

	
&



'#'(	%)*+ $		##	$$	#,*(	#+	

#	+-
% 	.	/#(	$"#	#+	(0	#	+%1(

"	"2%(	+#3		,#"	+%1("	"2
!"(+(2)*

#$		#$	#3	#345""#	 	+	%1("	"2

6/)	$7	8(	#(
	 %#(  "2		$$	#,*(	## 

45	9#.	/#, 	$#"		$$	#,*(	#.	/#

	 %0 	"	/ / #(	,220+2"2##



'#.2&.	/#3 ((	##	'3#

',#(	$$#( 63	#3#)*#:(	;#345(	$"#	#

+	;#3	+$"	"2#	$$	#,*(	## 45<"	#

 $3=#(	##(	#,)*> 2#	/#3	$$	#,*(	#
?@@

	$"#	

	




'#A#:(	# #	 2#363	##	#3

!"	#	#	"	/ ++	$	$(2,"(	63	#


?@@63	#	

	

)*#	%#/ "	(#

(	##(	#,63	## $	+"	/$		# #	(	$$#( 

$63	#,2 



'#!"$%.	/#+ .		##)*

;#3++	$	$(2##2,"(	63	#
?@@.		#




)* (	/ ("#(#	 #+	$	##3""	+%1(

"	"2


BCDEFGHIJKLMHINOPQRSTFGUVJWXYEZFGJ[G\[VV]^_E`EZFGJ[G\[VVGMFGJFK\QEDSFaCX^

QRSbcE^_dCeEfRgGM

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 16 of 24


	



 !"

#$%&'()*+,-)(.*'+.,+)/01,-.2+-)+3)4,..51,+,6'7+-.8.5+7)'721*)797.:.29;'6

,+)97.01.6%<=>?@ABCDE?FG@@=HIGJKL>MJNO#PQ%R%S#NSSTQ)*U7%V%W%X%Y%#ZZS[%&'()*+,

/.)7+-.1*1+1)0/472.*'6.,+)/01,-1*\3)4,.N]HJN)*2^-.*+-.:'()*+1,*'+),.347.230)1:-'02.7

),,.7+1*\)0)3U'6)2._4)+.`7'+.3+1'*N+-)+/472.*1,)-1\-'*.%I??<=>?a>?]Gbc>=d=?>ef

gh>G=?>FigNS#Q%R%ZNjTQ)*U7%V%W%X%Y%Ok#S[%

#P%l*+-.)/,.*3.'6)*),,.7+1'*'60)3U'6)2._4)+.`7'+.3+1'*N+-1,m'47+.5):1*.,

+-.6)3+'7,,.+6'7+-1*IL==hn+'2.+.7:1*.^-.+-.783)4,.;.51,+,%8m)4,.;1,*'+2.61*.21*+-.

Q)*U74`+39m'2.%<=>?o=h=c?CKhFhpN#ZQ%R%ZkNZqZjTW%r%R%#ZZ$[NhsstHO$u%$2$ZT#,+

m17%#ZZP[%v'2.+.7:1*.^-.+-.783)4,.;.51,+,+'\7)*+,+)97.01.6N3'47+,.5):1*.*4:.7'4,

6)3+'7,N1*30421*\+-',.,.+6'7+-1*IL==hn<=HcFJw<=xJyJz>]KL{ML=?=Gg>LHFJKL>MJ|<=>?

IL==hn<=HcFJw<=xJ}wZkSu%O2#O~kN#O~jTO2m17%#ZZk[

T#[^-.+-.77.01.6^'4027.,40+1*3':`0.+.'7`)7+1)07.,'04+1'*'6+-.1,,4.,

TO[+-.0)3U'6)*93'**.3+1'*^1+-'71*+.76.7.*3.^1+-+-./)*U74`+393),.

T$[^-.+-.7+-.6'7.1\*`7'3..21*\1*('0(.,+-.2./+'7),612431)79

TP[^-.+-.7),`.31)01.2+71/4*)0-),/..*.,+)/01,-.2+'-.)7+-.3)4,.'6)3+1'*)+1,,4.

T[^-.+-.7+-.2./+'7,1*,47)*3.3)771.7-),),,4:.2640061*)*31)07.,`'*,1/101+96'7

2.6.*21*\+-.01+1\)+1'*

Tj[^-.+-.7+-.)3+1'*.,,.*+1)0091*('0(.,+-172`)7+1.,7)+-.7+-)*+-.2./+'7

TS[^-.+-.7+-.01+1\)+1'*3'402`7.4213.+-.1*+.7.,+'6'+-.737.21+'7,

T~[^-.+-.7)42\:.*+1*+-.6'7.1\*)3+1'*1,,4/.3++'._41+)/0.,4/'721*)+1'*

TZ[^-.+-.7:'()*+,,433.,,1*+-.6'7.1\*`7'3..21*\^'4027.,40+1*)42131)001.*

)('12)/0./9+-.2./+'7

T#k[+-.1*+.7.,+'642131)0.3'*':9)*2+-..5`.21+1'4,)*2.3'*':13)02.+.7:1*)+1'*'6

01+1\)+1'*6'7+-.`)7+1.,

 ¡¢£ 

¤¥ ¡¦§ ̈

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 17 of 24


	
	





		
	
	
	






	



	
				
	
	


 !"#$%&'()*+,-	.

/01
	
	-

	0

1
			2!"#$	
3! 456#% 

7 8 #6 %9#:5;#<!;&=;& '>&%7;%(8(?#=5#@A#%5<<#B,-C1D/+.B/.EFG+

2H1
	


	
	

			B1
	B
1


	
	

	

	B
11

	
		
3
	
!"#$B	.

9IJ)!(K(8(A(L(!"<5%M#'; N6O;(J&;P(BD*QG.,B*RS/EFG++, T#& @

9#'#<B/*QG	*/U*A #V 8'(7798(?#=5#@A#%5<<#BWSD/-XQB+YCE
	

Z[\]C/D,B	^DEFGWB+>5(_8 '56P;IN6O;(4%(8(J%`"=?:("a

ALKAJ4"%P"<% 'b >5(_8 '56P;IN6O;(4%(cB.**-DDBD	0

+.2d



		
	
				

	

	C0

1
	
!"#$
		

H
	]]]1
	

1

e



	
	H
	]]]1
	1

	


	
	
	



	
13

W	



	

	B1
	2
f1
	BSS


	

1
		e3

			
	




			

1		

	
1
	

	456#% B,-C1

D	/.H!"#$	



	
	
	1		
	E
	g	


11
	
	

1
	

	
	
		1		E	
h

	


1
!  L '5% ;5#<9#:()779BWS++giB+dZD.+/.B	^Qe


CEWjX1.B+

	S		


	12k	l
	
	

S

e
1	1
	1

	E	
h				

m

	E	
	1	

m

nopqrstuvwxytuz{|}~rsvqrsvsqqrsvssyrsvrw}qpro

}~qoqsv~sy

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 18 of 24


	


	





 
!

"
	#"	#$%&'

()**+,-./01234
 
5

	






5###
"


 
	

"	#6		7
 



	"%
#"
%
"
%
"%






	#6	7
 


"




#
	8	
"%
%&

"99:9;<;:=>9?@A7

BCDEFF7GHID&
JKLHMMNI#"
O&

"#P
	


%#

&

"7	
	





#
QRS
	#"7"



T



O&

"
	#
	
P


"&

"


99:9;<;:=>9U@>>V7BDENN7MNI$HMHW=>9X@YYV<Z7HHDE[B7

[[ID&
KSNN[

[\
7$%%	
#

	#
99=>9

]>9V^A@>_9><`a>^9>Zba7FDEGF$%	""&

"



	\S666c
	%	"#$%
	

d#7"8

	"#%	##
	#

cc

IV;9;7cS

7
e8




	"#$

N()**+,-./012f'	 
5&"




&

"5	

#"d#"	

#d#
	g
	#	8

	\S




	
	#"

	
\S666ch
7

ijklmnopqrstopuvwxyz{mn|}q~lmnqn}}llmnqn}}ntmnqmrxlkzmj xyzljlnnynt

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 19 of 24


	


	


		


	

	
	

 ! "#$%&'(#)'*+,*-')*+..,/012013131301456738797:;	</=


1301>:		

2		?@A	

				2	


	<B
	C	
<
C	


		
	<B00D>E&*+&F

"#$GHI.'JK'(*)'F#..,/3L23376M2;N200133L4533686796:;	/<


0M133L>:
	



		O	
	
	P


	
	Q	
	


O	

>	RP	
S	Q
	

		5
		
	
RP	B?	

D
		

T83333333U
P		

	
	


P		VWX
	Y	Z		<	[\	P

			
:		VWX
	>		0L0VWX
	

Q]P
;B
	
		]

:		VWX
	>

	
RP	S		Q
	
P	

			0L0VWX
		Q]P
;B	

VWB

				2

Z		

<	[\	P			


13W		S1
	P		
R	G$'!*(10^Y

681L	01:
	
P		
	
>

10_`aabcdefghijkWF##*lU
C	


	
	U			
R	W

mnopqrstuvwxstyz{|}~qrupqrurppqrurrxqruqv|po~qn

|}~pnpr}rx

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 20 of 24


	
					

	

 !"##$%&'()*+,-./00123
4		

5

		
6	
		
	3	66		

	7	895			
6	
				

	./0012:				

 ;!"##$%&'()*+<-./00123
		

	


6	3	66				

	6	
66		65
	


6=1>?@=>?10.@@A0=@B@CDE@0>D1FG1HD>1FIJJGKL M;NOK:NO

PQRS
		
5	./0012

5	6
	TUVW=1XC/0YZ[/=FEG/\IA0]Z^A0=@[/=FEG/\IA0]Z_7K:

:QKKKO`abc:: NP;;R7d9KKOURSe		5	


5

f	g6		5		e	4


5			65
	
6TR56		
UU

 8			
H=D\1=DFX6c		


	89	


			h6		H=D\1=X

H1=>D@C	.@@i=Dj1E@LQk66;: 	L R
	5	

	
	U./0012O				

 :!"##$%&'()*+l-	./00123

	


6m	3	66			


6m6
	894			


	

5
		
	56	
65	6	



nopqrstuvwxytuz{|}~rsvqrsvsqqrsvssyrsvrw}qpro }~qoqsw~sy

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 21 of 24


	
	




	


	


	

	 ! "#$%&$'()* + ,-%.&$/0*12-34,$'56 ()*7()$,-%.&$/0*12-34,$'5 

()* 8"9:;<<"<=9>=?@:	ABCBD?E@F
	




G	
H

I






	
	
			>H	A
G

F
	






JE

D= K	"B
	L






G
H


HL
M	


	
	



	 ! ()$

,-%.&$/0*12-34,$'5 ()* "9:;<<"<=9>=?@:	ABCBD?E@F
	






G	
HI






	
	
			>

H	A
GF
	






JEN()$O'3'$6

P1Q%15231')R' "ST><D="DUV?=99DW"
X?@YCSZDE@		
	H


	H	A
G
			G	

>
G
	

I	
	





[;KY
\H
]
M	


	

J

	
IF
	



JE62-6'()$R134'^3'*_3')"?`?

:;9WD"9WT@:	A[CBDDE@		



G	
H
I




B
G
GJE

DW "


	


GH	
	
	
	
	
	


B	
B
		G
aK	"	


	H		
V


	H

G	
G"'))2/
W

	


	
	


	

D` bcddefghijklmnohpqnnr	

F	G	





V


	

	

G	

F	G	
HG


	
	

GH
	





G	


stuvwxyz{|}~yzwx{vwx{xvvwx{xx~wx{w|vuwt vtvxx~

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 22 of 24


	

	
	
	


	

	
	 !"!	
#
$	%&'($	)*+,-+,.

/012

	#	3	
#	#

45#46785&*	
		3



	3	477
/2
	


	
#	7	3
	9:#$	3

		3		/012		3
		

46785&*		#




(
	;3	

#

3;3		


	
#

	#	3	;3		



#3
<3	3#
3##	


3	#
#	

	

=01	:#	



:#1>??@A	3		3		

8BCDDEFGHIJKLMNOP
3	


	
			

1
#	01			3	
	3
	

	

#
	

	#	
Q

	

	

		

	
		#		
=	9

R3

#	

#	#;3	

#
3	

3
#		

	
		
	

	


1
#	01					3

	
	3
		

#
1	

	019		3	9#


;3	

#S				
3

	3		:	

TUVWXYZ[\]^_Z[`abcdefXYgh\ijkWlXY\mYnmhhopqWrWlXY\mYnmhhY_XY\X]ncWVeXsUjp

cdetuWpqvUwWY^dxY_

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 23 of 24


	



	
		

	

	
	


	

	

 

	!

"
	
	

	
#

$%&$'()*%&


	 
				
	







		
	
	+	
	


,	-.
 	/0

 !
1
	2




2		
 	

   34356789:;<=4>9

        
1?	
	

@

  ?
!2	


  A	B6=C8DE7D>F

  GH%)IJ(KHH%)K''G

  L		
	!M	

  N	O@NO00PQ

  	-AR/Q/SP000

  T"-AR/Q/S/00

  UVV=69>W4X=6VY>Z7989D78[\]>647^YV89_

`898^>a>9V5=86_846>b6>4>9V8V7]>=XVY>

c>dV=6



343C>6a899c;58e>6

   	

,?	

  f!,+Ng0g

       %h&K*''ij%HkK)''$

  g0lm2		!	n00

  !
1
200/nSnP

  	-AonoRoQ#Snn

  T"-AonoRogPSn/##

  p=qUVV=69>W4X=6VY>Z7989D78[\]>647^YV

89_`898^>a>9V5=86_846>b6>4>9V8V7]>=X

VY>c>dV=6

 #		

:=998r
AAPR				

		

			 
sAnR		

	

		


 	
	M 	 

s
A/R		
t

	
		



		
	

	
 	 		 R	
				

 			

uvwxyz{|}~{|yz}xyz}zxxyz}zzyz}y~xwyv

xvxzz

Case:17-03283-LTS Doc#:24218 Filed:05/16/23 Entered:05/16/23 16:38:38 Desc: Main

Document Page 24 of 24