EXHIBIT 1

Evidence of Partial Transfers of Claim

Case:17-03283-LTS Doc#:3872-1 Filed:09/06/18 Entered:09/06/18 14:52:05 Desc:

Exhibit Evidence of Partial Transfers of Claim Page 1 of 6
EXHIBIT C-l 

EVIDENCE OF PARTIAL TRANSFER OF CLAIM 

TO: United Stales District Court for the District of Puerto Rico (the "Court"") 

Attn: Clerk 

AND TO: The Commonwealth of Puerto Rico (the "Debtor"-) 

Case No. 17-3283 (LTS) (Jointly Administered) (the "Case"') 

Proof of Claim Number 50742 

Syncora Guarantee Inc. and its successors and assigns ("Seller"), for good and valuable consideration, the receipt and sufficiency of 

which are hereby acknowledged, does hereby certify that it has unconditionally and irrevocably sold, transferred and assigned unto: 

Whitebox Multi-Strategy Partners, LP 

c/o Whitebox Advisors, LLC 

3033 Excelsior Blvd, Suite 300 

Minneapolis, MN 55416-4^75 

Attention: Scott Specken 

Phone: (612) 253-6061 

Fax: (612)253-6161 

E-mail: sspecken@whiteboxadvisors.com 

and its successors and assigns ("Buyer"'). 28.0% of Seller's right, title and interest in and to Proof of Claim Number 50742 in the 

aggregate amount of $30,310,000.00 (the "Assigned Claim") against Debtor in the Case in the Court, or any other court with jurisdiction 

over the PROMESA proceedings of the Debtor. 

Seller hereby waives any objection to the transfer of the Assigned Claim to Buyer on the books and records of the Debtor and the Court, 

and hereby waives to the fullest extent permitted by law any notice or right to a hearing as may be imposed by Rule 3001 of the Federal 

Rules of Bankruptcy Procedure, the Bankruptcy Code, applicable local bankruptcy rules or applicable law. Seller acknowledges and 

understands, and hereby stipulates that an order of the Court may be entered without further notice to Seller transferring to Buyer the 

Assigned Claim and recognizing Buyer as the sole owner and holder of the Assigned Claim. 

You are hereby directed to make all future payments and distributions, and to give all notices and other communications, in respect of the 

Claim to Buyer. 

IN WITNESS WHEREOF, the undersigned has duly executed this Evidence of Partial Transfer of Claim by its duly authorized 

representative dated August 28,2018. 

Title: Managing Director 

Case:17-03283-LTS Doc#:3872-1 Filed:09/06/18 Entered:09/06/18 14:52:05 Desc:

Exhibit Evidence of Partial Transfers of Claim Page 2 of 6
EXHIBIT C-2 

EVIDENCE OF PARTIAL TRANSFER OF CLAIM 

TO: United States District Court for the District of Puerto Rico (the "Court'"! 

Attn: Clerk 

AND TO: The Commonwealth of Puerto Rico (the "Debtor") 

Case No. 17-3283 (LTS) (Jointly Administered) (the "Case'"l 

Proof of Claim Number 50742 

Syncora Guarantee Inc. and its successors and assigns ("Seller"'), for good and valuable consideration, the receipt and sufficiency of 

which are hereby acknowledged, does hereby certify that it has unconditionally and irrevocably sold, transferred and assigned unto: 

Whitebox Asymmetric Partners, LP 

c/o Whitebox Advisors, LLC 

3033 Excelsior Blvd, Suite 300 

Minneapolis, MN 55416-4675 

Attention: Scott Specken 

Phone: (612)253-6061 

Fax: (612)253-6161 

E-mail: sspecken@whiteboxadvisors.com 

and its successors and assigns ("Buyer"'). 47.0% of Seller's right, title and interest in and to Proof of Claim Number 50742 in the 

aggregate amount of $50,877,500.00 (the "Assigned Claim"') against Debtor in the Case in the Court, or any other court with jurisdiction 

over the PROMES A proceedings of the Debtor. 

Seller hereby waives any objection to the transfer of the Assigned Claim to Buyer on the books and records of the Debtor and the Court, 

and hereby waives to the fullest extent permitted by law any notice or right to a hearing as may be imposed by Rule 3001 of the Federal 

Rules of Bankruptcy Procedure, the Bankruptcy Code, applicable local bankruptcy rules or applicable law. Seller acknowledges and 

understands, and hereby stipulates that an order of the Court may be entered without further notice to Seller transferring to Buyer the 

Assigned Claim and recognizing Buyer as the sole owner and holder of the Assigned Claim. 

You are hereby directed to make all future payments and distributions, and to give all notices and other communications, in respect of the 

Claim to Buyer. 

IN WITNESS WHEREOF, the undersigned has duly executed this Evidence of Partial Transfer of Claim by its duly authorized 

representative dated August 28, 2018. 

Name: Scott Beinhacker 

Title: Managing Director 

Case:17-03283-LTS Doc#:3872-1 Filed:09/06/18 Entered:09/06/18 14:52:05 Desc:

Exhibit Evidence of Partial Transfers of Claim Page 3 of 6
EXHIBIT C-3 

EVIDENCE OF PARTIAL TRANSFER OF CLAIM 

TO: United States District Court for the District of Puerto Rico (the "Court") 

Attn: Clerk 

AND TO: The Commonwealth of Puerto Rico (the "Debtor"^ 

Case No. 17-3283 (LTS) (Jointly Administered) (the "Case'") 

Proof of Claim Number 50742 

Syncora Guarantee Inc. and its successors and assigns ("Seller"'), for good and valuable consideration, the receipt and sufficiency of 

which are hereby acknowledged, does hereby certify that it has unconditionally and irrevocably sold, transferred and assigned unto: 

Pandora Select Partners, LP 

c/o Whitebox Advisors, LLC 

3033 Excelsior Blvd, Suite 300 

Minneapolis, MN 55416-4675 

Attention: Scott Specken 

Phone: (612)253-6061 

Fax: (612)253-6161 

E-mail: sspecken@whiteboxadvisors.com 

and its successors and assigns ("Buyer"), 8.2% of Seller's right, title and interest in and to Proof of Claim Number 50742 in the 

aggregate amount of $8,876,500.00 (the "Assigned Claim'") against Debtor in the Case in the Court, or any other court with jurisdiction 

over the PROMESA proceedings of the Debtor. 

Seller hereby waives any objection to the transfer of the Assigned Claim to Buyer on the books and records of the Debtor and the Court, 

and hereby waives to the fullest extent permitted by law any notice or right to a hearing as may be imposed by Rule 3001 of the Federal 

Rules of Bankruptcy Procedure, the Bankruptcy Code, applicable local bankruptcy rules or applicable law. Seller acknowledges and 

understands, and hereby stipulates that an order of the Court may be entered without further notice to Seller transferring to Buyer the 

Assigned Claim and recognizing Buyer as the sole owner and holder of such the Assigned Claim. 

You are hereby directed to make all future payments and distributions, and to give all notices and other communications, in respect of the 

Claim to Buyer. 

IN WITNESS WHEREOF, the undersigned has duly executed this Evidence of Partial Transfer of Claim by its duly authorized 

representative dated August 28,2018. 

'Name: Scott Beinhacker 

Title: Managing Director 

Case:17-03283-LTS Doc#:3872-1 Filed:09/06/18 Entered:09/06/18 14:52:05 Desc:

Exhibit Evidence of Partial Transfers of Claim Page 4 of 6
EXHIBIT C-4 

EVIDENCE OF PARTIAL TRANSFER OF CLAIM 

TO: United States District Court for the District of Puerto Rico (the "Court"') 

Attn: Clerk 

AND TO: The Commonwealth of Puerto Rico (the "Debtor'"! 

Case No. 17-3283 (LTS) (Jointly Administered) (the "Case") 

Proof of Claim Number 50742 

Syncora Guarantee Inc. and its successors and assigns ('"Seller"'), for good and valuable consideration, the receipt and sufficiency of 

which are hereby acknowledged, does hereby certify that it has unconditionally and irrevocably sold, transferred and assigned unto: 

Whitebox GT Fund, LP 

c/o Whitebox Advisors, LLC 

3033 Excelsior Blvd, Suite 300 

Minneapolis, MN 55416-4675 

Attention: Scott Specken 

Phone: (612)253-6061 

Fax: (612)253-6161 

E-mail: sspecken@whiteboxadvisors.com 

and its successors and assigns ("'Buyer"). 1.8% of Seller's right, title and interest in and to Proof of Claim Number 50742 in the aggregate 

amount of $1,948,500.00 (the "Assigned Claim") against Debtor in the Case in the Court, or any other court with jurisdiction over the 

PROMESA proceedings of the Debtor. 

Seller hereby waives any objection to the transfer of the Assigned Claim to Buyer on the books and records of the Debtor and the Court, 

and hereby waives to the fullest extent permitted by law any notice or right to a hearing as may be imposed by Rule 3001 of the Federal 

Rules of Bankruptcy Procedure, the Bankruptcy Code, applicable local bankruptcy rules or applicable law. Seller acknowledges and 

understands, and hereby stipulates that an order of the Court may be entered without further notice to Seller transferring to Buyer the 

Assigned Claim and recognizing Buyer as the sole owner and holder of the Assigned Claim. 

You are hereby directed to make all future payments and distributions, and to give all notices and other communications, in respect of the 

Claim to Buyer. 

IN WITNESS WHEREOF, the undersigned has duly executed this Evidence of Partial Transfer of Claim by its duly authorized 

representative dated August 28,2018. 

SYNCORA GUARANTEE INC. 

'Name: Scott Beinhacker 

Title: Managing Director 

Case:17-03283-LTS Doc#:3872-1 Filed:09/06/18 Entered:09/06/18 14:52:05 Desc:

Exhibit Evidence of Partial Transfers of Claim Page 5 of 6
EXHIBIT C-5 

EVIDENCE OF PARTIAL TRANSFER OF CLAIM 

TO: United States District Court for the District of Puerto Rico (the "Court"') 

Attn: Clerk 

AND TO: The Commonwealth of Puerto Rico (the "Debtor"') 

Case No. 17-3283 (LTS) (Jointly Administered) (the "Case'") 

Proof of Claim Number 50742 

Syncora Guarantee Inc. and its successors and assigns ("Seller"'), for good and valuable consideration, the receipt and sufficiency of 

which are hereby acknowledged, does hereby certify that it has unconditionally and irrevocably sold, transferred and assigned unto: 

Whitebox Caja Blance Fund, LP 

c/o Whitebox Advisors, LLC 

3033 Excelsior Blvd, Suite 300 

Minneapolis, MN 55416-4675 

Attention: Scott Specken 

Phone: (612) 253-6061 

Fax: (612)253-6161 

E-mail: sspecken@whiteboxadvisors.com 

and its successors and assigns ("Buyer"), 15.0% of Seller's right, title and interest in and to Proof of Claim Number 50742 in the 

aggregate amount of $16,237,500.00 (the "Assigned Claim"') against Debtor in the Case in the Court, or any other court with jurisdiction 

over the PROMESA proceedings of the Debtor. 

Seller hereby waives any objection to the transfer of the Assigned Claim to Buyer on the books and records of the Debtor and the Court, 

and hereby waives to the fullest extent permitted by law any notice or right to a hearing as may be imposed by Rule 3001 of the Federal 

Rules of Bankruptcy Procedure, the Bankruptcy Code, applicable local bankruptcy rules or applicable law. Seller acknowledges and 

understands, and hereby stipulates that an order of the Court may be entered without further notice to Seller transferring to Buyer the 

Assigned Claim and recognizing Buyer as the sole owner and holder of the Assigned Claim. 

You are hereby directed to make all future payments and distributions, and to give all notices and other communications, in respect of the 

Claim to Buyer. 

IN WITNESS WHEREOF, the undersigned has duly executed this Evidence of Partial Transfer of Claim by its duly authorized 

representative dated August 28,2018. 

SYNCORA GUARANTEE INC. 

Name: Scott Beinhacker 

Title: Managing Director 

Case:17-03283-LTS Doc#:3872-1 Filed:09/06/18 Entered:09/06/18 14:52:05 Desc:

Exhibit Evidence of Partial Transfers of Claim Page 6 of 6