/)UHY 3DJHRI

81,7('67$7(6%$1.5837&<&28576287+(51',675,&72))/25,'$

ZZZIOVEXVFRXUWVJRY

&+$37(53/$1,QGLYLGXDO$GMXVWPHQWRI'HEWV

■

2ULJLQDO3ODQ

VW $PHQGHG3ODQ,QGLFDWHVWQGHWF$PHQGHGLIDSSOLFDEOH

0RGLILHG3ODQ,QGLFDWHVWQGHWF0RGLILHGLIDSSOLFDEOH

'(%725 0DUF$XUHO*HQHFH -2,17'(%725 &$6(12 3*+

66[[[[[  66[[[[[

, 127,&(6

7R'HEWRUV 3ODQVWKDWGRQRWFRPSO\ZLWKORFDOUXOHVDQGMXGLFLDOUXOLQJVPD\QRWEHFRQILUPDEOH$OOSODQVDPHQGHGSODQV

DQGPRGLILHGSODQVVKDOOEHVHUYHGXSRQDOOFUHGLWRUVDQGDFHUWLILFDWHRIVHUYLFHILOHGZLWKWKH&OHUNSXUVXDQWWR

/RFDO5XOHV&%DQG'HEWRUVPXVWFRPPHQFHSODQSD\PHQWVZLWKLQGD\VRI

ILOLQJWKHFKDSWHUSHWLWLRQRUZLWKLQGD\VRIHQWU\RIWKHRUGHUFRQYHUWLQJWKHFDVHWRFKDSWHU

 7R&UHGLWRUV <RXUULJKWVPD\EHDIIHFWHGE\WKLVSODQ<RXPXVWILOHDWLPHO\SURRIRIFODLPLQRUGHUWREHSDLG<RXUFODLPPD\

EHUHGXFHGPRGLILHGRUHOLPLQDWHG

 7R$OO3DUWLHV 7KHSODQFRQWDLQVQRQRQVWDQGDUGSURYLVLRQVRWKHUWKDQWKRVHVHWRXWLQSDUDJUDSK9,,,'HEWRUVPXVWFKHFNRQH

ER[RQHDFKOLQHOLVWHGEHORZLQWKLVVHFWLRQWRVWDWHZKHWKHUWKHSODQLQFOXGHVDQ\RIWKHIROORZLQJ

7KHYDOXDWLRQRIDVHFXUHGFODLPVHWRXWLQ6HFWLRQ,,,ZKLFKPD\UHVXOWLQD

SDUWLDOSD\PHQWRUQRSD\PHQWDWDOOWRWKHVHFXUHGFUHGLWRU ,QFOXGHG ■ 1RWLQFOXGHG

$YRLGDQFHRIDMXGLFLDOOLHQRUQRQSRVVHVVRU\QRQSXUFKDVHPRQH\VHFXULW\LQWHUHVWVHW

RXWLQ6HFWLRQ,,, ,QFOXGHG ■ 1RWLQFOXGHG

1RQVWDQGDUGSURYLVLRQVVHWRXWLQ6HFWLRQ9,,, ■ ,QFOXGHG 1RWLQFOXGHG

,, 3/$13$<0(176/(1*7+2)3/$1$1''(%7256
$77251(<
6)((

$0217+/<3/$13$<0(177KLV3ODQSD\VIRUWKHEHQHILWRIWKHFUHGLWRUVWKHDPRXQWVOLVWHGEHORZLQFOXGLQJWUXVWHH
V

IHHVRIEHJLQQLQJGD\VIURPWKHILOLQJFRQYHUVLRQGDWH,QWKHHYHQWWKHWUXVWHHGRHVQRWUHWDLQWKHIXOODQ\XQXVHG

DPRXQWZLOOEHSDLGWRXQVHFXUHGQRQSULRULW\FUHGLWRUVSURUDWDXQGHUWKHSODQ

  IRUPRQWKV  WR  

  IRUPRQWKV  WR  

  IRUPRQWKV  WR  

%'(%7256
$77251(<
6)(( 121( 352%212

7RWDO)HHV  7RWDO3DLG  %DODQFH'XH 

3D\DEOH  PRQWK0RQWKV  WR  

$OORZHGIHHVXQGHU/5O%DUHLWHPL]HGEHORZ

&KDSWHU$WWRUQH\
V)HH&K$GP([SV

$SSOLFDWLRQVIRUFRPSHQVDWLRQPXVWEHILOHGIRUDOOIHHVRYHUDQGDERYHWKH&RXUW
V*XLGHOLQHVIRU&RPSHQVDWLRQ

,,, 75($70(172)6(&85('&/$,06

$6(&85('&/$,06 ■ 121(

>5HWDLQ/LHQVSXUVXDQWWR86&D@0RUWJDJHV/LHQRQ5HDORU3HUVRQDO3URSHUW\

%9$/8$7,212)&2//$7(5$/ ■ 121(

&/,(1$92,'$1&( ■ 121(

'6855(1'(52)&2//$7(5$/6HFXUHGFODLPVILOHGE\DQ\FUHGLWRUJUDQWHGVWD\UHOLHILQWKLVVHFWLRQVKDOOQRWUHFHLYHD

GLVWULEXWLRQIRPWKH&KDSWHU7UXVWHH

■ 121(

Case 20-13104-PDR Doc 23 Filed 05/20/20 Page 1 of 3
/)UHY 3DJHRI

'HEWRUV 0DUF$XUHO*HQHFH &DVHQXPEHU 3*+

(',5(&73$<0(1766HFXUHGFODLPVILOHGE\DQ\FUHGLWRUJUDQWHGVWD\UHOLHILQWKLVVHFWLRQVKDOOQRWUHFHLYHDGLVWULEXWLRQ

IRPWKH&KDSWHU7UXVWHH

121(

7KHGHEWRUVHOHFWWRPDNHSD\PHQWVGLUHFWO\WRHDFKVHFXUHGFUHGLWRUOLVWHGEHORZ7KHGHEWRUVUHTXHVWWKDWXSRQ

FRQILUPDWLRQRIWKLVSODQWKHDXWRPDWLFVWD\EHWHUPLQDWHGLQUHPDVWRWKHGHEWRUVDQGLQUHPDQGLQSHUVRQDPDVWRDQ\

FRGHEWRUVDVWRWKHVHFUHGLWRUV1RWKLQJKHUHLQLVLQWHQGHGWRWHUPLQDWHRUDEURJDWHWKHGHEWRUV
VWDWHODZFRQWUDFWULJKWV

■

1DPHRI&UHGLWRU /DVW'LJLWVRI$FFRXQW1R 'HVFULSWLRQRI&ROODWHUDO$GGUHVV9HKLFOHHWF

 7UXLVW%DQN32&  6:6W3ODQWDWLRQ)/

 $OO\)LQDQFLDO  &KU\VOHU3DFLILFD

,9 75($70(172))((6$1'35,25,7<&/$,06>DVGHILQHGLQ86&DQG86&D@

$$'0,1,675$7,9()((627+(57+$1'(%72566
$77251(<
6)(( ■ 121(

%,17(51$/5(9(18(6(59,&( ■ 121(

&'20(67,&68332572%/,*$7,216 ■ 121(

'27+(5 ■ 121(

9 75($70(172)816(&85('12135,25,7<&5(',7256

$ 3D\  PRQWK0RQWKV  WR  

3D\  PRQWK0RQWKV  WR  

3D\  PRQWK0RQWKV  WR  

3URUDWDGLYLGHQGZLOOEHFDOFXODWHGE\WKH7UXVWHHXSRQUHYLHZRIILOHGFODLPVDIWHUEDUGDWH

% ,IFKHFNHGWKH'HEWRUVZLOODPHQGPRGLI\WRSD\WRDOODOORZHGXQVHFXUHGQRQSULRULW\FODLPV

&6(3$5$7(/<&/$66,),(' ■ 121(


'HEWRUVFHUWLI\WKHVHSDUDWHFODVVLILFDWLRQVRIWKHFODLPVOLVWHGDERYHZLOOQRWSUHMXGLFHRWKHUXQVHFXUHGQRQSULRULW\

FUHGLWRUVSXUVXDQWWR86&

9, (;(&8725<&2175$&76$1'81(;3,5('/($6(66HFXUHGFODLPVILOHGE\DQ\FUHGLWRUOHVVRUJUDQWHGVWD\UHOLHILQWKLV

VHFWLRQVKDOOQRWUHFHLYHDGLVWULEXWLRQIURPWKH&KDSWHU7UXVWHH

■ 121(

9,, ,1&20(7$;5(78516$1'5()81'6 ■ 121(

9,,, 12167$1'$5'3/$13529,6,216 121(

1RQVWDQGDUGSURYLVLRQVPXVWEHVHWIRUWKEHORZ$QRQVWDQGDUGSURYLVLRQLVDSURYLVLRQQRWRWKHUZLVHLQFOXGHGLQWKH/RFDO

)RUPRUGHYLDWLQJIURPLW1RQVWDQGDUGSURYLVLRQVVHWRXWHOVHZKHUHLQWKLVSODQDUHYRLG

■

,QWKHHYHQWWKHGHEWRUUHFRYHUVDQ\QRQH[HPSWSURFHHGVIURPWKHLUSHQGLQJODZVXLWWKRVHSURFHHGVZLOOEHSODFHGLQWKH

'HEWRU¶V$WWRUQH\¶V7UXVW$FFRXQWDQGWXUQHGRYHUWRWKH&KDSWHU7UXVWHHIRUWKHEHQHILWRIWKHXQVHFXUHGFUHGLWRUVRYHUDQG

DERYHZKDWLVSURYLGHGIRULQWKHSODQXSWRRIDOORZHGXQVHFXUHGFODLPV

0RUWJDJH0RGLILFDWLRQ0HGLDWLRQ

Case 20-13104-PDR Doc 23 Filed 05/20/20 Page 2 of 3
/)UHY 3DJHRI

'HEWRUV 0DUF$XUHO*HQHFH &DVHQXPEHU 3*+

'HEWRU

0DUF$XUHO*HQHFH 'DWH

$WWRUQH\ZLWKSHUPLVVLRQWRVLJQRQ

'HEWRUV
EHKDOI

'DWH

-RLQW'HEWRU

'DWH

3523(57<2)7+((67$7(:,//9(67,17+('(%725683213/$1&21),50$7,21



,GHFODUHWKDWWKHIRUHJRLQJFKDSWHUSODQLVWUXHDQGFRUUHFWXQGHUSHQDOW\RISHUMXU\

%\ILOLQJWKLVGRFXPHQWWKH$WWRUQH\IRU'HEWRUVRU'HEWRUVLIQRWUHSUHVHQWHGE\FRXQVHOFHUWLILHVWKDWWKHZRUGLQJDQG

RUGHURIWKHSURYLVLRQVLQWKLV&KDSWHU SODQDUHLGHQWLFDOWRWKRVHFRQWDLQHGLQ/RFDO)RUP&KDSWHU3ODQDQGWKHSODQ

FRQWDLQVQRQRQVWDQGDUGSURYLVLRQVRWKHUWKDQWKRVHVHWRXWLQSDUDJUDSK9,,,

05/20/2020

0DUF$XUHO*HQHFH

Case 20-13104-PDR Doc 23 Filed 05/20/20 Page 3 of 3