Natbony Declaration Exhibit 7 

 

Case:17-03283-LTS Doc#:24541-7 Filed:06/12/23 Entered:06/12/23 22:44:57 Desc:

Exhibit 7 - 20230301 REORG National Pegs PREPA Settlement Page 1 of 3
		



 




 
 !"#$%&'



 $


()*+,-+.-/+/,.,01234

567689:;<=>?@6:;AB

CDEFGFHIJKLKDIK

MNOP

QOP

RDSGTFDLUVWLGXYGFDFXKZVDEDFSKK[TERDSGTFDL[DIVWIG\GDE]T^_`ab[GIcTIGSGTFK\^TEEKXTdKEGKISTSDLGFHeTEKSfDF

QNgVF\KESfKcETcTIK\UVKESTJGXTCLKXSEGXUThKEbVSfTEGS]cLDFT^D\iVISeKFSDISfKeTFTLGFKGFIVEKEXTFSGFVKIST

KjcLTEKcTSKFSGDLISEDSKHGXTccTESVFGSGKI^TESfKXTecDF]SfDSXTVL\GFXLV\KDIDLK[_`abkRDSGTFDLeDFDHKeKFSIDG\

\VEGFHD^TVESfOlVDESKEKDEFGFHIXDLLSfGIeTEFGFHm

nfKUJCUbcLDFIVccTESDHEKKeKFScETdG\KI^TESfKXTFIKFIVDLEKITLVSGTFT^SfKSEKDSeKFST^UJCUbXLDGeIfKL\W]

RDSGTFDLDF\SfKIKSSLKeKFST^RDSGTFDLoIcDESGXGcDSGTFGFLGSGHDSGTFEKLDSK\STIVXfXLDGeImnfKIKSSLKeKFScETdG\KISfDS[

VcTFSfKK^^KXSGdK\DSKT^DcLDFT^D\iVISeKFS[RDSGTFDLhGLLEKXKGdKGFKjXfDFHK^TEGSIWTF\DF\EKGeWVEIKeKFSXLDGeI FKhL]GIIVK\UJCUbIKXVEK\EKdKFVKWTF\ISTHKSfKEhGSfXKESDGF^KKIDF\KjcKFIKEKGeWVEIKeKFScD]eKFSI[GFXLV\GFH

DFGFSKEGecD]eKFSIVWiKXSSTEKHVLDSTE]DccETdDLW]SfKUVKESTJGXTCFKEH]`VEKDVmnfKIKSSLKeKFSDLITcETdG\KI

RDSGTFDLhGSfSfKcTSKFSGDLSTEKXKGdKD\\GSGTFDLXTFIG\KEDSGTFm

bIpK\hfKSfKERDSGTFDLoIUJCUbEKXTdKE]hTVL\DeTVFSSTDWTVSQNXKFSITFSfK\TLLDE[qYrbFSfTF]_XPGKEFDF

EKcLGK\[snfKEKXTdKE][G^]TVcVSGSDLLSTHKSfKE[GIDWGSfGHfKESfDFhfDS]TVodK\KIXEGWK\[WVSGStIGFSfKWDLLcDEpmu

RDSGTFDLoIIKSSLKeKFShGSfUJCUbDF\GSIcTSKFSGDLEKXTdKEGKIfDIKeKEHK\DIDfTSOWVSSTFGSKeDeTFHUJCUb

WTF\fTL\KEIDF\SfKVFIKXVEK\XEK\GSTEIXTeeGSSKK[hfGXffDdKWTSfTccTIK\SfKUJCUbcLDFT^\KWSD\iVISeKFSmnfK

WTF\fTL\KEHETVcIDF\SfKvqqDIIKESSfDSRDSGTFDLoIcETiKXSK\EKXTdKE]wT^DSLKDISQxgTFGSIXLDGeI[GFXLVIGdKT^

EKGeWVEIKeKFSIDF\^KKIyhKLLKjXKK\ISfKcETcTIK\zQgeDjGeVeEKXTdKE]STLGSGHDSGFHWTF\fTL\KEIG^SfK]DEK

IVXXKII^VLGFSfKLGKFXfDLLKFHKLGSGHDSGTFm

{VEGFHDfKDEGFH]KISKE\D][nVKI\D][YKWm|Q[GFhfGXfSfKnGSLKaaaXTVESDccETdK\^TEITLGXGSDSGTFUJCUboI\GIXLTIVEK

ISDSKeKFS^TEGSIcLDFTdKEeVLSGcLKTWiKXSGTFI[_DESGF`GKFKFISTXpT^UETIpDVKEJTIK[TFWKfDL^T^SfKTdKEIGHfSWTDE\[

IDG\SfDSRDSGTFDLoIWTF\EKXTdKE]GI}Mmz~g[FTSQxg[D\\GFHSfDSSfKeTFTLGFKfDIIKcDEDSKXTFSEDXSXLDGeIDF\hGLL

EKXKGdKSfKD\\GSGTFDLEKXTdKEGKI^ETeSfDSm

UJCUbGIRDSGTFDLoILDISEKeDGFGFHIGHFG^GXDFSUVKESTJGXTKjcTIVEK[DSDccETjGeDSKL]}MNeGLLGTFT^HETIIcDEGFIVEK\

DIT^{KXmxM[|N||mbIT^SfKKF\T^SfK^TVESflVDESKE[RDSGTFDLfD\ITL\DccETjGeDSKL]xzgT^GSIUJCUbWDFpEVcSX]

XLDGeIEKLDSK\STGFIVEDFXKXLDGeIcDG\TFeDSVEK\RDSGTFDLOGFIVEK\UJCUbWTF\ImnfKIKIDLKIeTFKSGK\DcTESGTFT^

RDSGTFDLoIIDLdDHKDIIKSIDF\EK\VXK\cTSKFSGDLdTLDSGLGS]DF\TFHTGFHEGIpT^EKeK\GDSGTFDETVF\SfKUJCUbXEK\GS[

DXXTE\GFHST_`aboILDSKISMNOP^GLGFHm

RDSGTFDLoIHETIIXLDGeIcDG\ST\DSKTFGSIKjcTIVEKSTUVKESTJGXTIGFXKGFXKcSGTFSfETVHfSfKKF\T^SfK^TVESflVDESKE

TF{KXmxM[|N||[STSDLK\DccETjGeDSKL]|mWGLLGTF[DXXTE\GFHST_XPGKEFDFmaFSfK^TVESflVDESKE[RDSGTFDLcDG\zz~

eGLLGTFGFXLDGeIST^VLL]IDSGI^]TVSISDF\GFHGHfhD]IDF\nEDFIcTESDSGTFbVSfTEGS]XLDGeIm{VEGFHSfKXVEEKFSlVDESKE[

RDSGTFDLcDG\HETIIXLDGeIGFSfKDHHEKHDSKT^MQeGLLGTFGFXTFFKXSGTFhGSfUJCUboIDFmM\K^DVLSTFIXfK\VLK\\KWS

IKEdGXK^TERDSGTFDLGFIVEK\WTF\Im

.

Case:17-03283-LTS Doc#:24541-7 Filed:06/12/23 Entered:06/12/23 22:44:57 Desc:

Exhibit 7 - 20230301 REORG National Pegs PREPA Settlement Page 2 of 3
	

	
	
	

	






		
		



	

	

			


 	
	


	
	!					"			!	#$%



 	



	
	 
	
"		
	
	!					

	&'

%()*$ 

				

				
	!
		

+
		
	

	



		
		
	

,
&
	-
	
		./01230402%	
		(56)66	(7	

	
		+! 					
	

,
&
	8(96)69	
		-
	
	

#:;&":'		
			"-
%	;;;+
	

		
 


	! 			
		

	
	


 
	
	
<;	-




			 "	=


		!

><?-	 			

	
		!		
	!>

'

+! 	



!:
		
+		

		
		



<?- 		

?		;-		+- 		





		>'<
- 	!			
	-

	



,	
	+			
	
 
		-!
!	



;


 	!-+
		 +
	>

'

+	
+!	

!
! 	!


	

#:;@	-
<	


	>!		
%	A

	
< 


!

>
+<		
-			>

<;	
		-
	

		-
	


	+		!
			%

		
	
		? 
		
		
	
	
	


	
!			+	>'<;-	+		
	

+

		!	
!	

				
	


!	
	

			
	>

BCDEFGHIDJKLDMNCKEHOONFPOFKPOQHRSOMPTSOEOKPJCUVNJWMPMNOMXDLEKYDIDKLOEZJMIIOJLD[OIRU\SOMPT]^KNQDEHODNTFPM[DQOQLMLCOPOJDFDONLDNJMNNOJLDMN_DLCK

EGHEJPDFLDMNLMMNOMP`MPOSOMPTFPMQGJLEWSOJDFDONLaEGEOMXLCOSOMPTFIKLXMP`DEEGHbOJLLMSOMPTaEBOP`EMXcEOMPLCOGEOPKTPOO`ONLFGPEGKNLLM_CDJCLCO

POJDFDONLCKEKJJOEELMLCOFIKLXMP`ZLCO\dFFIDJKHIOBOP`E]^WBCOPOJDFDONLMXLCDEFGHIDJKLDMN`KRNMLPOQDELPDHGLOMPPOFGHIDECKNRFMPLDMNMXLCODNXMP`KLDMNJMNLKDNOQ

COPODNMLCOPLCKN_DLCSOMPTaEOeFPOEE_PDLLONJMNEONLMPDNKJJMPQKNJO_DLCLCOdFFIDJKHIOBOP`EWBCODNXMP`KLDMNDNLCDEFGHIDJKLDMNDEXMPTONOPKIDNXMP`KLDMNKI

FGPFMEOEMNIRKNQECMGIQNMLHOJMNELPGOQKEIOTKIUDN[OEL`ONLUKJJMGNLDNTMPMLCOPFPMXOEEDMNKIKQ[DJOMNKNREGHbOJL`KLLOPMPKEKEGHELDLGLOXMPEGJCKQ[DJOWBCO

POJDFDONLMXLCDEFGHIDJKLDMN`GELJM`FIR_DLCKIIKFFIDJKHIOIK_EUDNJIGQDNTIK_EPOTKPQDNTLCOFGPJCKEOKNQEKIOMXEOJGPDLDOEWSOMPTMHLKDNEDNXMP`KLDMNXPM`K_DQO

[KPDOLRMXEMGPJOEU_CDJCDLHOIDO[OELMHOPOIDKHIOUHGLSOMPTQMOENML`KfOKNRPOFPOEONLKLDMNU_KPPKNLRUMPJOPLDXDJKLDMNKELMLCO`KLOPDKIDLRMPFGHIDJK[KDIKHDIDLRMXLCO

DNXMP`KLDMNDNLCDEFGHIDJKLDMNMPLCKLEGJCDNXMP`KLDMNDEKJJGPKLOUJM`FIOLOUJM`FPOCONED[OMPXDLXMPKFKPLDJGIKPFGPFMEOWSOJDFDONLE`GEL`KfOLCODPM_NQOJDEDMNE

KHMGLDN[OEL`ONLELPKLOTDOEMPEOJGPDLDOE`ONLDMNOQDNLCDEFGHIDJKLDMNWSOMPTKNQDLEMYDJOPEUQDPOJLMPEUFKPLNOPEKNQO`FIMROOEOeFPOEEIRQDEJIKD`KIIIDKHDIDLRPOIKLDNTLM

MPKPDEDNTXPM`KJLDMNELKfONMPNMLLKfONHKEOQMNKNRMPKIIMXLCODNXMP`KLDMNJMNLKDNOQDNLCDEFGHIDJKLDMNWghihjSOMPTWdIIPDTCLEPOEOP[OQWSOMPTkDEKPOTDELOPOQ

LPKQO`KPfMXSOMPTSOEOKPJCUVNJW

glMFRPDTCLhimhnhihj

h

Case:17-03283-LTS Doc#:24541-7 Filed:06/12/23 Entered:06/12/23 22:44:57 Desc:

Exhibit 7 - 20230301 REORG National Pegs PREPA Settlement Page 3 of 3