CASH RECOVERY BACKSTOP AGREEMENT
Exhibit E
THIS CASH RECOVERY BACKSTOP AGREEMENT (this “Agreement”), dated as of May 6, 2010, is
made by and among Visteon Corporation (“Visteon,” and together with its debtor affiliates,
the “Debtors”), on the one hand and the entities set forth on Schedule 1 hereto
(each referred to herein individually as a “Signatory” and collectively as the
“Signatories”), on the other hand. Visteon and each Signatory is referred to herein as a
“Party” and collectively, the “Parties.” Except as otherwise provided below,
capitalized terms used herein and not defined herein have the meanings ascribed to them in the
Equity Commitment Agreement (as defined below).
RECITALS
WHEREAS, on May 28, 2009, the Debtors commenced jointly administered proceedings under chapter
11 of the United States Code, 11 U.S.C. §§ 101-1532, as may be amended from time to time in the
United States Bankruptcy Court for the District of Delaware;
WHEREAS, Visteon is party to that certain Equity Commitment Agreement, dated as of the date
hereof, with the Investors listed on Schedule 1 thereto (the “Equity Commitment
Agreement”);
WHEREAS, the Debtors intend to propose and submit the Plan to the Bankruptcy Court for its
approval;
WHEREAS, the Plan provides for a distribution to each Non-Eligible Holder of its Cash Amount
on partial account of such Non-Eligible Holder’s Allowed Claim (each capitalized term in this
WHEREAS clause not otherwise defined herein is defined in the Plan); and
WHEREAS, each of the Signatories hereto commit, severally and not jointly, to provide to the
Debtors such Signatory’s Distributable Commitment Percentage (as defined below) of the Cash
Recovery Backstop Amount (as defined below), in exchange for Visteon issuing to such Signatory such
Signatory’s Distributable Commitment Percentage of the Cash Recovery Subscription Equity (as
defined in the Plan).
NOW THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which
are hereby acknowledged, the Debtors and the Signatories agree as follows:
ARTICLE I.
AVAILABLE EQUITY SECURITIES
AVAILABLE EQUITY SECURITIES
Section 1.1. Available Equity Securities. In the event that a Non-Eligible Holder of
an Allowed Senior Notes Claim (as defined in the Plan) validly completes and delivers an Election
Form (as defined in the Plan) by the Election Form Deadline (as defined in the Rights Offering
Procedures (as defined in the Plan)), in accordance with
the terms of the Rights Offering Procedures, confirming that such Non-Eligible Holder is not
an Accredited Investor, Visteon shall, promptly (and in no event more than five (5) Business Days)
following the Election Form Deadline, deliver to each Signatory a written notice (the
“Notice”) setting forth: (i) the aggregate Cash Amount to be delivered to all Non-Eligible
Holders, (ii) the Cash Recovery Subscription Equity, (iii) the product of the Purchase Price per
share multiplied by the number of shares of New Visteon Common Stock (as defined in the Plan)
constituting the Cash Recovery Subscription Equity ((i) and (iii) together, the “Cash Recovery
Backstop Amount”), and (iv) such Signatory’s Distributable Commitment Percentage. For purposes
of this Agreement, “Distributable Commitment Percentage” means the percentage as set forth
on Schedule 1 hereto.
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Section 1.2. Commitment. Each Signatory hereby irrevocably commits to, severally and
not jointly, subscribe for 100% of its Distributable Commitment Percentage of the Cash Recovery
Subscription Equity, as set forth in, and in accordance with, Article VI of the Plan and pay to
Visteon its Distributable Commitment Percentage of the Cash Recovery Backstop Amount. Each
Signatory shall make payments pursuant to such obligations, and receive their Distributable
Commitment Percentage of the Cash Recovery Subscription Equity in exchange therefor, as set forth
in, and in accordance with, Article VI of the Plan (in the form attached to the Equity Commitment
Agreement), subject to the termination of this Agreement pursuant to Article V hereof.
Section 1.3. Issuance and Delivery of Acquired Securities. All Cash Recovery
Subscription Equity purchased by a Signatory pursuant to Section 1.2 (the “Acquired
Securities”) will be issued on the Effective Date and delivered as soon as practicable
thereafter by Visteon to each Signatory or other entity designated under Section 1.5 hereof with
all issue, stamp, transfer, sales and use, or similar Taxes or duties that are due and payable (if
any) in connection with such delivery duly paid by Visteon.
Section 1.4. Actions. Visteon and each Signatory shall take or cause to be taken all
such commercially reasonable actions as may be necessary in order to consummate the transactions
contemplated by this Agreement.
Section 1.5. Transfer, Designation and Assignment Rights. Each Signatory shall have
the right to (i) designate that some or all of its Acquired Securities be issued in the name of and
delivered to, one or more Related Purchasers, (ii) assign all or any portion of its Distributable
Commitment Percentage of the Cash Recovery Subscription Equity to a Related Purchaser, and/or (iii)
enter into an Additional Investor Agreement with an Ultimate Purchaser to purchase all or any
portion of a Signatory’s Acquired Securities and/or Distributable Commitment Percentage of the Cash
Recovery Subscription Equity and may designate by written notice to Visteon that some or all of its
Acquired Securities be issued in the name of and delivered directly to, such Ultimate Purchasers,
provided, in the case of each of the foregoing clauses (i), (ii) and (iii), in accordance with the
terms and conditions of Section 3.6 of the Equity Commitment Agreement other than subsection (c) of
Section 3.6 of the Equity Commitment Agreement.
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ARTICLE II.
VISTEON REPRESENTATIONS AND WARRANTIES
VISTEON REPRESENTATIONS AND WARRANTIES
Visteon represents and warrants to, and agrees with, each of the Signatories as set forth
below. Except for representations, warranties and agreements that are expressly limited as to
their date, each representation, warranty and agreement shall be deemed made as of the date hereof
and as of the Effective Date.
Section 2.1. Corporate Power and Authority.
(a) Visteon has or, to the extent executed in the future, shall have when executed the
requisite corporate power and authority to enter into, execute and deliver this Agreement and,
subject to entry of the Confirmation Order and the expiration, or waiver by the Bankruptcy Court,
of the fourteen (14) day period set forth in Bankruptcy Rules 6004(h) and 3020(e), respectively, to
perform its obligations hereunder, including the issuance of the Cash Recovery Subscription Equity.
Visteon has or, to the extent executed in the future, shall have when executed, taken all
necessary corporate action required for the due authorization, execution, delivery and performance
by it of this Agreement, including the issuance of the Cash Recovery Subscription Equity.
Section 2.2. Execution and Delivery; Enforceability. This Agreement has been, or
prior to its execution and delivery will be, duly and validly executed and delivered by Visteon,
and, upon the entry of the Approval Order and the expiration, or waiver by the Bankruptcy Court, of
the fourteen (14) day period set forth in Bankruptcy Rule 6004(h), such document will constitute
the valid and binding obligations of Visteon, enforceable against Visteon in accordance with its
terms.
Section 2.3. No Conflict / Consents and Approvals. Sections 5.5, 5.6 and 5.7 of the
Equity Commitment Agreement are hereby incorporated by reference, and made a part of this
Agreement; provided, that in lieu of references therein to the Equity Commitment Agreement,
the Plan and/or the Transaction Agreements, any such references shall refer to this Agreement;
provided, further, that in lieu of the words “Investor Shares and the Shares”
therein, such references shall refer to the words “Acquired Securities”; provided,
further, that in lieu of the words “Investors and the Rights Holders” therein, such
references shall refer to the word “Signatories”; and provided, further, that in
lieu of the words “Investor” or “Investors” therein, such references shall refer to the words
“Signatory” or “Signatories”, as applicable.
ARTICLE III.
REPRESENTATIONS AND WARRANTIES OF THE SIGNATORIES
REPRESENTATIONS AND WARRANTIES OF THE SIGNATORIES
Each Signatory represents and warrants as to itself only, and agrees with, as of the date
hereof, Visteon, severally and not jointly, as set forth below.
Section 3.1. Incorporation. Such Signatory is a legal entity duly organized, validly
existing and, if applicable, in good standing (or the equivalent thereof) under the laws of its
jurisdiction of incorporation or organization.
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Section 3.2. Corporate Power and Authority. Such Signatory has the requisite
corporate, limited partnership or limited liability company power and authority to enter into,
execute and deliver this Agreement and to perform its obligations hereunder and has taken all
necessary corporate, limited partnership or limited liability company action required for the due
authorization, execution, delivery and performance by it of this Agreement.
Section 3.3. Execution and Delivery. This Agreement (i) has been, or prior to its
execution and delivery will be, duly and validly executed and delivered by such Signatory and (ii)
upon the entry of the Approval Order and the expiration, or waiver by the Bankruptcy Court of the
fourteen (14) day period set forth in Bankruptcy Rule 6004(h), will constitute the valid and
binding obligations of such Signatory, enforceable against such Signatory in accordance with its
terms.
Section 3.4. No Conflict / Consents and Approvals. Sections 6.4 and 6.5 of the Equity
Commitment Agreement are hereby incorporated by reference, and made a part of this Agreement;
provided, that in lieu of references therein to the Equity Commitment Agreement, the Plan
and/or the Transaction Agreements, such references shall refer to this Agreement; provided,
further, that in lieu of the words “Investor” or “Investors” therein, such references shall
refer to the words “Signatory” or “Signatories”, as applicable; provided, further,
that in lieu of the word “Party” therein, such references shall refer to the Parties hereto; and
provided, further, that in lieu of the words “Allocated Portion of the Investor
Shares” therein, such references shall refer to the words “Distributable Commitment Percentage of
the Cash Recovery Subscription Equity”.
Section 3.5. No Registration / Purchasing Intent / Sophistication, Investigation.
Sections 6.6, 6.7 and 6.8 of the Equity Commitment Agreement are hereby incorporated by reference,
and made a part of this Agreement; provided, that in lieu of the words “Investor” or
“Investors” therein, such references shall refer to the words “Signatory” or “Signatories”, as
applicable; and provided, further, that in lieu of the words “Investor Shares”
therein, such references shall refer to the words “Acquired Securities.”
ARTICLE IV.
INDEMNIFICATION AND CONTRIBUTION
INDEMNIFICATION AND CONTRIBUTION
Section 4.1. Indemnification Obligations / Indemnification Procedure / Settlement /
Contribution. Sections 9.1 through and including 9.6 of the Equity Commitment Agreement are
hereby incorporated by reference, and made a part of this Agreement; provided, that in lieu
of references therein to the Equity Commitment Agreement and/or the Rights Offering, such
references shall refer to this Agreement; provided, further, that in lieu of the
words “Investor” or “Investors” therein, such references shall refer to the words “Signatory” or
“Signatories”, as applicable; provided, further, that in lieu of the words
“Breaching Investor” therein, such references shall refer to the words “Breaching Signatory”;
provided, further, that in lieu of the words “Investor Shares” therein, such
references shall refer to the words “Acquired Securities”; provided, further, that
the last sentence of Section 9.4 therein is not incorporated herein; provided,
further, that in lieu of the words “Purchase Price” therein, such references shall refer to
the words “the price paid by such Indemnified Person per Acquired Security received by such
Indemnified Person”; and provided, further, that in lieu of references therein to
Article IX, such references shall refer to this Section 4.1.
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Section 4.2. Survival of Representations and Warranties. Notwithstanding any
investigation at any time made by or on behalf of any Party, all representations, warranties and
agreements made in this Agreement will survive the execution and delivery of this Agreement, except
that the representations incorporated by reference in Section 2.3 hereof from Section 5.6 and 5.7
of the Equity Commitment Agreement will survive only for a period of two (2) years after the
Effective Date.
ARTICLE V.
TERMINATION
TERMINATION
Section 5.1. Termination. This Agreement will be automatically terminated and the
transactions contemplated hereby will be abandoned effective upon the termination of the Equity
Commitment Agreement in accordance with its terms.
Section 5.2. Effect of Termination. Upon termination under this Article V, all rights
and obligations of the Parties under this Agreement shall terminate without any liability of any
Party to any other Party except that the provisions of the covenants and agreements made by the
Parties herein under this Article V and Article VI will survive indefinitely in accordance with
their terms.
ARTICLE VI.
MISCELLANEOUS
MISCELLANEOUS
Section 6.1. Notices. All notices and other communications in connection with this
Agreement will be in writing and will be deemed given (and will be deemed to have been duly given
upon receipt) if delivered personally, sent via electronic facsimile (with confirmation), mailed by
registered or certified mail (return receipt requested) or delivered by an express courier (with
confirmation) to the Parties at the following addresses (or at such other address for a Party as
will be specified by like notice):
(a) If to Visteon:
Visteon Corporation
Xxx Xxxxxxx Xxxxxx Xxxxx
Xxx Xxxxx Xxxxxxxx, Xxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxx, III
Xxx Xxxxxxx Xxxxxx Xxxxx
Xxx Xxxxx Xxxxxxxx, Xxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxx, III
Chief Financial Officer
5
with a copy (which shall not constitute notice) to:
Xxxxxxxxx Xxxxx Xxxxx & Xxxxx LLP
000 Xxxxx Xxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000-0000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx Xxxxx
000 Xxxxx Xxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000-0000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx Xxxxx
Xxxxx X. X’Xxxxx
Xxxx X. Billion
Xxxx X. Billion
and
Xxxxxxxx & Xxxxx LLP
000 Xxxxx XxXxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxx X. X. Xxxxxxxxxx, P.C.
000 Xxxxx XxXxxxx
Xxxxxxx, Xxxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxx X. X. Xxxxxxxxxx, P.C.
Xxxxx X. Xxxxx, Xx.
Xxxxxx X. Xxxxx, P.C.
Xxxxxx Xxxxxx
Xxxxxx X. Xxxxx, P.C.
Xxxxxx Xxxxxx
and
Xxxxxxxx & Xxxxx LLP
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxxxxxxxx, P.C.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxxxxxxxx, P.C.
Xxxxx X. Xxxxxx
(b) If to any Signatory:
To the address listed on such Signatory’s signature page hereto;
with a copy (which shall not constitute notice) to:
Dechert LLP
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx Xxxx
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx Xxxx
Xxxxx Xxxxxxx
and
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Akin Gump Xxxxxxx Xxxxx & Xxxx LLP
Xxx Xxxxxx Xxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxx
Xxx Xxxxxx Xxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxx
with a further copy (which shall not constitute notice) to:
White & Case LLP
Wachovia Financial Center
000 Xxxxx Xxxxxxxx Xxxxxxxxx
Xxxxx 0000
Xxxxx, Xxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X Xxxxxx
Wachovia Financial Center
000 Xxxxx Xxxxxxxx Xxxxxxxxx
Xxxxx 0000
Xxxxx, Xxxxxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X Xxxxxx
and
White & Case LLP
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxx
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxx
Xxxxxxx Xxxxx
Section 6.2. Specific Performance / Limitation on Remedies. Section 11.9 of the
Equity Commitment Agreement is hereby incorporated by reference, and made a part of this Agreement;
provided, that in lieu of the words “Investor” and “Investors” therein, such references
shall refer to the words “Signatory” and “Signatories”; provided, further, that in
lieu of references therein to the Rights Offering or the Equity Commitment Agreement, such
references shall refer to this Agreement; provided, further, that in lieu of
references therein to Section 11.9, such references shall refer to this Section 6.2;
provided, further, that in lieu of references therein to Article IX, such
references shall refer to Section 4.1; provided, further, that references therein
to Section 4.2 shall be deemed deleted.
Section 6.3. Assignment; Third Party Beneficiaries. Neither this Agreement nor any of
the rights, interests or obligations under this Agreement shall be assigned by any Party (whether
by operation of Law or otherwise) without the prior written consent of Visteon and the Requisite
Signatories, other than an assignment by a Signatory in accordance with Section 1.5. For purposes
of this Agreement, “Requisite Signatories” means the Signatories holding an aggregate Distributable
Commitment Percentage of greater than fifty percent (50%). This Agreement (including the documents
and instruments referred to in this Agreement) is not intended to and does not confer upon any
Person other than the Parties any legal or equitable right, remedy, or claim under or with respect
to this Agreement or any provision of this Agreement.
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Section 6.4. Amendment and Waiver. Any provision of this Agreement may be amended or
waived only in a writing signed by each of the Signatories and Visteon. No waiver of any provision
hereunder or any breach or default thereof shall extend to or affect in any way any other provision
or prior or subsequent breach or default.
Section 6.5. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE CONFLICT OF LAWS RULES
THEREOF. THE PARTIES CONSENT AND AGREE THAT ANY ACTION TO ENFORCE THIS AGREEMENT OR ANY DISPUTE,
WHETHER SUCH DISPUTES ARISE IN LAW OR EQUITY, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE
AGREEMENTS, INSTRUMENTS AND DOCUMENTS CONTEMPLATED HEREBY SHALL BE BROUGHT EXCLUSIVELY IN THE
BANKRUPTCY COURT. THE PARTIES CONSENT TO AND AGREE TO SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE
BANKRUPTCY COURT. EACH OF THE PARTIES HEREBY WAIVES AND AGREES NOT TO ASSERT IN ANY SUCH DISPUTE,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY CLAIM THAT (I) SUCH PARTY IS NOT PERSONALLY
SUBJECT TO THE JURISDICTION OF THE BANKRUPTCY COURT, (II) SUCH PARTY AND SUCH PARTY’S PROPERTY IS
IMMUNE FROM ANY LEGAL PROCESS ISSUED BY THE BANKRUPTCY COURT OR (III) ANY LITIGATION OR OTHER
PROCEEDING COMMENCED IN THE BANKRUPTCY COURT IS BROUGHT IN AN INCONVENIENT FORUM. THE PARTIES
HEREBY AGREE THAT MAILING OF PROCESS OR OTHER PAPERS IN CONNECTION WITH ANY SUCH ACTION OR
PROCEEDING TO AN ADDRESS PROVIDED IN WRITING BY THE RECIPIENT OF SUCH MAILING, OR IN SUCH OTHER
MANNER AS MAY BE PERMITTED BY LAW, SHALL BE VALID AND SUFFICIENT SERVICE THEREOF AND HEREBY WAIVE
ANY OBJECTIONS TO SERVICE ACCOMPLISHED IN THE MANNER HEREIN PROVIDED.
Section 6.6. Waiver of Jury Trial. EACH PARTY HEREBY WAIVES ALL RIGHTS TO TRIAL BY
JURY IN ANY JURISDICTION IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE AMONG
THE PARTIES UNDER THIS AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE.
Section 6.7. Counterparts. This Agreement may be executed in any number of
counterparts, all of which will be considered one and the same agreement and will become effective
when counterparts have been signed by each of the Parties and delivered to each other Party
(including via facsimile or other electronic transmission), it being understood that each Party
need not sign the same counterpart.
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Section 6.8. Effectiveness. This Agreement is expressly contingent on, and shall
automatically become effective on such date as both (i) the Approval Order has been entered by the
Bankruptcy Court and (ii) each Party to this Agreement has executed this Agreement;
provided, that no Party has rejected, terminated or repudiated this Agreement prior to the
entry of the Approval Order by the Bankruptcy Court; provided,
further, that Visteon’s obligations under Sections 7.1, 7.2(b)(i) and 7.2(b)(ii) of the Equity
Commitment Agreement shall be effective and in full force and effect upon the execution of the
Equity Commitment Agreement by the parties thereto.
[Remainder of page intentionally blank.]
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IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date first above
written.
COMPANY
| VISTEON CORPORATION |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxx | |||
| Title: | Vice President and General Counsel | |||
SIGNATORY
| ALDEN GLOBAL DISTRESSED OPPORTUNITIES FUND, L.P. |
||||
| By: | /s/ Xxx Phuog | |||
| Name: | Xxx Phuog | |||
| Title: | VP | |||
Address:
c/o Alden Global Capital
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: General Counsel
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: General Counsel
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
NEWFINANCE ALDEN SPV
By: Alden Global Capital, its Trading Partner
By: Alden Global Capital, its Trading Partner
| By: | /s/ Xxx Phuog | |||
| Name: | Xxx Phuog | |||
| Title: | Vice President | |||
Address:
c/o Alden Global Capital
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: General Counsel
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: General Counsel
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| XXXXX ARBITRAGE, L.P. |
||||
| By: | /s/ Tal Gurion | |||
| Name: | Tal Gurion | |||
| Title: | Managing Director of Investment Manager | |||
Address:
Xxxxx & Company LLC
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Tal Gurion
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Tal Gurion
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| XXXXX ARBITRAGE OFFSHORE |
||||
| By: | /s/ Tal Gurion | |||
| Name: | Tal Gurion | |||
| Title: | Managing Director of Investment Manager | |||
Address:
Xxxxx & Company LLC
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Tal Gurion
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Tal Gurion
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
ARMORY MASTER FUND LTD.
By: Armory Advisors LLC
Its: Investment Manager
By: Armory Advisors LLC
Its: Investment Manager
| By: | /s/ Xxx Xxxxxxx | |||
| Name: | Xxx Xxxxxxx | |||
| Title: | Manager | |||
Address:
Armory Advisors
000 Xxxxx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxx Xxxxxxx
000 Xxxxx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxx Xxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
THE SEAPORT GROUP LLC PROFIT SHARING PLAN
By: Armory Advisors LLC
Its: Investment Advisor
Its: Investment Advisor
| By: | /s/ Xxx Xxxxxxx | |||
| Name: | Xxx Xxxxxxx | |||
| Title: | Manager | |||
Address:
Armory Advisors
000 Xxxxx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxx Xxxxxxx
000 Xxxxx Xxx., Xxxxx 000
Xxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxx Xxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
CAPITAL VENTURES INTERNATIONAL
By: Susquehanna Advisors Group, Inc., its authorized
agent
agent
| By: | /s/ Xxxx Xxxxxxxxx | |||
| Name: | Xxxx Xxxxxxxxx | |||
| Title: | Vice President | |||
Address:
c/o Susquehanna Advisors Group, Inc.
000 Xxxx Xxxxxx, Xxxxx 000
Xxxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
(000) 000-0000
Attention: Legal Department
000 Xxxx Xxxxxx, Xxxxx 000
Xxxx Xxxxxx, XX 00000
Facsimile: (000) 000-0000
(000) 000-0000
Attention: Legal Department
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CASPIAN CAPITAL PARTNERS, L.P. |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Name: | Xxxxx Xxxxxxx | |||
| Title: | Principal | |||
Address:
000 Xxxxxxxxxx Xxx, Xxxxx 000
Xxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
Xxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
CASPIAN SELECT CREDIT MASTER FUND, LTD.
| By: | /s/ Xxxxx Xxxxxxx | |||
| Name: | Xxxxx Xxxxxxx | |||
| Title: | Principal | |||
Address:
000 Xxxxxxxxxx Xxx, Xxxxx 000
Xxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
Xxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| MARINER LDC |
||||
| By: | /s/ Xxxxx Xxxxxxx | |||
| Name: | Xxxxx Xxxxxxx | |||
| Title: | Principal | |||
Address:
000 Xxxxxxxxxx Xxx, Xxxxx 000
Xxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
Xxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CITADEL SECURITIES LLC |
||||
| By: | /s/ Xxxxxxxxxxx X. Xxxxxx | |||
| Name: | Xxxxxxxxxxx X. Xxxxxx | |||
| Title: | Authorized Signatory | |||
Address:
Citadel Securities LLC
000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxxx Xxxxxxxx
000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxxx Xxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CSS, LLC |
||||
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Partner | |||
Address:
CSS, LLC
000 X Xxxxxxx Xxxx Xxxxx 000
Xxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
Xxxx Xxxxx
000 X Xxxxxxx Xxxx Xxxxx 000
Xxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
Xxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
CUMBERLAND PARTNERS
By: CUMBERLAND GP LLC, its General Partner
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Member | |||
Address:
Cumberland Associates LLC
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
CUMBERLAND BENCHMARKED PARTNERS, L.P.
By: CUMBERLAND BENCHMARKED GP LLC, its General
Partner
By: CUMBERLAND BENCHMARKED GP LLC, its General
Partner
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Member | |||
Address:
Cumberland Associates LLC
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
LONGVIEW PARTNERS B, L.P.
By: LONGVIEW B GP LLC, its General Partner
By: LONGVIEW B GP LLC, its General Partner
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Member | |||
Address:
Cumberland Associates LLC
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
XXXXXX INTERNATIONAL S.A.
By: CUMBERLAND ASSOCIATES LLC, as Investment Advisor
By: CUMBERLAND ASSOCIATES LLC, as Investment Advisor
| By: | /s/ Xxxxx Xxxxx | |||
| Name: | Xxxxx Xxxxx | |||
| Title: | Member | |||
Address:
Cumberland Associates LLC
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CYRUS EUROPE MASTER FUND LTD. |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Chief Operating Officer | |||
Address:
Cyrus Capital Partners, L.P.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CYRUS SELECT OPPORTUNITIES MASTER FUND, LTD. |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Chief Operating Officer | |||
Address:
Cyrus Capital Partners, L.P.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CRESCENT 1 L.P. |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Chief Operating Officer | |||
Address:
Cyrus Capital Partners, L.P.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CRS FUND LTD. |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Chief Operating Officer | |||
Address:
Cyrus Capital Partners, L.P.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CYRUS OPPORTUNITIES MASTER FUND II, LTD. |
||||
| By: | /s/ Xxxxx X. Xxxxxx | |||
| Name: | Xxxxx X. Xxxxxx | |||
| Title: | Chief Operating Officer | |||
Address:
Cyrus Capital Partners, L.P.
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: 000-000-0000
Attention: Xxxxxxx Xxxxxx
Xxxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| HALBIS DISTRESSED OPPORTUNITIES MASTER FUND, LTD. |
||||
| By: | /s/ Xxxxx Sakon | |||
| Name: | Xxxxx Sakon | |||
| Title: | VP | |||
Address:
HSBC Global Asset Management
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx X. Xxx, CFA,
Vice President
Xxxx Xxxxxxxx
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxx X. Xxx, CFA,
Vice President
Xxxx Xxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| MERCED PARTNERS LIMITED PARTNERSHIP |
||||
| By: | /s/ Xxxxxx X. Rock | |||
| Name: | Xxxxxx X. Rock | |||
| Title: | Authorized Representative | |||
Address:
c/o EBF & Associates, L.P.
000 Xxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Rock
Xxxxxx Xxxxx
000 Xxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Rock
Xxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| MERCED PARTNERS II, L.P. |
||||
| By: | /s/ Xxxxxx X. Rock | |||
| Name: | Xxxxxx X. Rock | |||
| Title: | Authorized Representative | |||
Address:
c/o EBF & Associates, L.P.
000 Xxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Rock
Xxxxxx Xxxxx
000 Xxxxxxx Xxxxxxx, Xxxxx 000
Xxxxxxxxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx X. Rock
Xxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| QVT FUND LP |
||||||
| By: | /s/ Xxxx Xxxxxx | /s/ Xxxxx Xx | ||||
| Name: Xxxx Xxxxxx | Xxxxx Xx | |||||
| Title: Managing Member | Managing Member | |||||
Address:
c/o QVT Financial LP
1177 Avenue of the Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx Xxxxxxxxx
1177 Avenue of the Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx Xxxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| QUINTESSENCE FUND L.P. | ||||||
| By: | /s/ Xxxx Xxxxxx | /s/ Xxxxx Xx | ||||
| Name: Xxxx Xxxxxx | Xxxxx Xx | |||||
| Title: Managing Member | Managing Member | |||||
Address:
c/o QVT Financial LP
1177 Avenue of the Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx Xxxxxxxxx
1177 Avenue of the Xxxxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxxx Xxxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| RIVA RIDGE MASTER FUND, LTD. |
||||
| By: | /s/ Xxxxxxx Xxxxxx | |||
| Name: | ||||
| Title: | ||||
Address:
c/o Riva Ridge Capital Management LP
00 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxxx
00 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| MARINER LDC |
||||
| By: | /s/ Xxxxxxx Xxxxxx | |||
| Name: | ||||
| Title: | ||||
Address:
c/o Riva Ridge Capital Management LP
00 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxxx
00 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Facsimile: (000) 000-0000
Attention: Xxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| SENECA CAPITAL, L.P. |
||||
| By: | /s/ Xxxx Xxxxxxxxx | |||
| Name: | ||||
| Title: | ||||
Address:
Seneca Capital L.P.
590 Madison Avenue — 9th floor
New York, NY 10022
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxxxxx
Xxxxx Xxxxx
590 Madison Avenue — 9th floor
New York, NY 10022
Facsimile: (000) 000-0000
Attention: Xxxx Xxxxxxxx
Xxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| SILVER POINT CAPITAL, L.P. |
||||
| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | Authorized Person | |||
Address:
Silver Point Capital, L.P.
2 Xxxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxxx
2 Xxxxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
SPECTRUM INVESTMENT PARTNERS, L.P.
By: Spectrum Group Management LLC
By: Spectrum Group Management LLC
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | Managing Member | |||
Address:
c/o Spectrum Group Management LLC
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxxx
Xxxxx X.X. Xxxxxxx
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxxx
Xxxxx X.X. Xxxxxxx
With a copy to:
Spectrum Group Management LLC
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxx
Spectrum Group Management LLC
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
SIPI MASTER LTD.
By: Spectrum Investment
Management LLC
By: Spectrum Investment
Management LLC
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | Managing Member | |||
Address:
c/o Spectrum Group Management LLC
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxxx
Xxxxx X.X. Xxxxxxx
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxxxx
Xxxxx X.X. Xxxxxxx
With a copy to:
Spectrum Group Management LLC
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxx
Spectrum Group Management LLC
1200 Xxxxxxxx, Xxxxx 000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx X. Xxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| XXXXX MASTER FUND LTD. |
||||
| By: | /s/ Xxxxxx X. Xxxxx | |||
| Name: | Xxxxx Offshore Management LLC | |||
| Title: | Investment Manager | |||
| By: | Xxxxxx X. Xxxxx Authorized Signatory | |||
Address:
c/x Xxxxx Offshore Management LLC
3600 X. Xxxx Xxxxx
Xx. Xxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxx
3600 X. Xxxx Xxxxx
Xx. Xxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| XXXXX CRITERION MASTER FUND LTD. |
||||
| By: | /s/ Xxxxxx X. Xxxxx | |||
| Name: | Xxxxx Criterion Management LLC | |||
| Title: | Investment Manager | |||
| By: | Xxxxxx X. Xxxxx Authorized Signatory | |||
Address:
c/x Xxxxx Criterion Management LLC
3600 X. Xxxx Xxxxx
Xx. Xxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxx
3600 X. Xxxx Xxxxx
Xx. Xxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
UBS SECURITIES LLC (Solely with respect to the
Distressed Debt Trading Group)
Distressed Debt Trading Group)
| By: | /s/ Xxxxxx X. Xxxxxx | |||
| Name: | Xxxxxx X. Xxxxxx | |||
| Title: | Managing Director | |||
| By: | /s/ Xxxxxxx Teach | |||
| Name: | Xxxxxxx Teach | |||
| Title: | MD | |||
Address:
UBS Securities LLC
670 Xxxxxxxxxx Xxxxxxxxx
Xxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Fixed Income Legal
670 Xxxxxxxxxx Xxxxxxxxx
Xxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Fixed Income Legal
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| VENOR CAPITAL MASTER FUND LTD. |
||||
| By: | /s/ Xxxxxxx Xxxxxxx | |||
| Name: | Xxxxxxx Xxxxxxx | |||
| Title: | Authorized Signatory | |||
Address:
c/o Venor Capital Management LP
Times Square Tower
7 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx Xxxxx
Times Square Tower
7 Xxxxx Xxxxxx, Xxxxx 0000
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| WHITEBOX HEDGED HIGH YIELD PARTNERS, L.P. |
||||
| By: | /s/ Xxxx Xxxxxxxxx | |||
| Name: | Xxxx Xxxxxxxxx | |||
| Title: | CLO | |||
Whitebox Hedged High Yield Partners, LP
Whitebox Hedged High Yield Advisors, LLC
Whitebox Advisors, LLC
Address:
Whitebox Advisors
3000 Xxxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxx
3000 Xxxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| WHITEBOX COMBINED
PARTNERS, L.P. |
||||
| By: | /s/ Xxxx Xxxxxxxxx | |||
| Name: | Xxxx Xxxxxxxxx | |||
| Title: | CLO | |||
Whitebox Hedged High Yield Partners, LP
Whitebox Hedged High Yield Advisors, LLC
Whitebox Advisors, LLC
Address:
Whitebox Advisors
3000 Xxxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxx
3000 Xxxxxxxxx Xxxx, Xxxxx 000
Xxxxxxxxxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CQS CONVERTIBLE AND QUANTITATIVE STRATEGIES MASTER FUND LIMITED |
||||
| By: | /s/ Xxxx Xxxxxx | |||
| Name: | Xxxx Xxxxxx | |||
| Title: | Authorized Signatory | |||
Address:
c/o CQS (US), LLC
150 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxx XxXxxxx
150 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxx XxXxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| CQS DIRECTIONAL OPPORTUNITIES MASTER FUND LIMITED |
||||
| By: | /s/ Xxxx Xxxxxx | |||
| Name: | Xxxx Xxxxxx | |||
| Title: | Authorized Signatory | |||
Address:
c/o CQS (US), LLC
150 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxx XxXxxxx
150 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxx XxXxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| KIVU INVESTMENT FUND LIMITED |
||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||
| Name: | Xxxxx X. Xxxxxxxx | |||
| Title: | Director | |||
Address:
c/o CQS (US), LLC
150 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxx XxXxxxx
150 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxx Xxxxxxx
Xxx XxXxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
DEUTSCHE BANK SECURITIES INC.
(SOLELY WITH RESPECT TO THE DISTRESSED PRODUCTS GROUP)
(SOLELY WITH RESPECT TO THE DISTRESSED PRODUCTS GROUP)
| By: | /s/ Xxx Xxxxx | |||
| Name: | Xxx Xxxxx | |||
| Title: | Managing Director | |||
| By: | /s/ Xxxxxxx X. Xxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxx | |||
| Title: | ||||
Address:
60 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxxx
Xxxxxx Xxxxxxxx
Xxxxx XxxXxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxxx
Xxxxxx Xxxxxxxx
Xxxxx XxxXxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| XXXXXXX INTERNATIONAL, L.P. |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Vice President | |||
Address:
c/x Xxxxxxx Management Corporation
710 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
710 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxxx X. Xxxxxxxxx — Xxxxxxxx Xxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| THE LIVERPOOL LIMITED PARTNERSHIP |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Vice President | |||
Address:
c/x Xxxxxxx Management Corporation
710 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
710 Xxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxxx X. Xxxxxxxxx — Xxxxxxxx Xxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
XXXXXXX, SACHS & CO.
(SOLELY WITH RESPECT TO THE HIGH YIELD DISTRESSED INVESTING GROUP)
(SOLELY WITH RESPECT TO THE HIGH YIELD DISTRESSED INVESTING GROUP)
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Managing Director | |||
Address:
200 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxx Xxxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| MONARCH MASTER FUNDING LTD |
||||
| By: | /s/ Xxxxxxx X. Xxxxxxxxx | |||
| Name: | Xxxxxxx X. Xxxxxxxxx | |||
| Title: | Managing Principal | |||
Address:
Monarch Alternative Capital LP
530 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxx Xxxxx,
General Counsel
530 Xxxxxxx Xxxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxx Xxxxx,
General Counsel
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
| OAK HILL ADVISORS, L.P. |
||||
| By: | /s/ Xxxxx X. Xxxxx | |||
| Name: | Xxxxx X. Xxxxx | |||
| Title: | Authorized Signatory | |||
Address:
1114 Avenue of the Amxxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx Xxxx
Xxxxx Xxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxxx Xxxx
Xxxxx Xxxxx
Signature Page to Cash Recovery Option Backstop Agreement
SIGNATORY
SOLUS ALTERNATIVE ASSET MANAGEMENT LP
| By: | /s/ Xxxxxxxx Xxxxxxxxx | |||
| Name: | Xxxxxxxx Xxxxxxxxx | |||
| Title: | COO/CFO | |||
Address:
430 Xxxx Xxxxxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxx Xxx
Xxx Xxxx, XX 00000
Xacsimile: (000) 000-0000
Attention: Xxxxxx Xxx
Signature Page to Cash Recovery Option Backstop Agreement
SCHEDULE 1
SCHEDULE 1
SCHEDULE 1
DISTRIBUTABLE COMMITMENT PERCENTAGES
| Distributable | ||||||||
| $ Cash Backstop | Commitment | |||||||
| Signatory | Commitment | Percentage | ||||||
Alden Global Distressed Opportunities Fund, X.X. |
||||||||
Xxxxx Arbitrage, X.X. |
||||||||
Xxxxx Arbitrage Offshore |
||||||||
Armory Master Fund Ltd. |
||||||||
Capital Ventures International |
||||||||
Caspian Capital Partners, L.P. |
||||||||
Caspian Select Credit Master Fund, Ltd. |
||||||||
Citadel Securities LLC |
||||||||
CQS Convertible and Quantitative Strategies
Master Fund Limited |
||||||||
CQS Directional Opportunities Master Fund Limited |
||||||||
Crescent 1 L.P. |
||||||||
CRS Fund Ltd. |
||||||||
CSS, LLC |
||||||||
Xxxxxx International S.A. |
||||||||
Cumberland Benchmarked Partners, L.P. |
||||||||
Cumberland Partners |
||||||||
Cyrus Europe Master Fund Ltd. |
||||||||
Cyrus Opportunities Master Fund II, Ltd. |
||||||||
Cyrus Select Opportunities Master Fund, Ltd. |
||||||||
Deutsche Bank Securities Inc. (Solely with
respect to the Distressed Products Group) |
||||||||
Xxxxxxx International, X.X. |
||||||||
Xxxxxxx, Sachs & Co. (Solely with respect to the
High Yield Distressed Investing Group) |
||||||||
Halbis Distressed Opportunities Master Fund Ltd. |
||||||||
Kivu Investment Fund Limited |
||||||||
LongView Partners B, L.P. |
||||||||
Mariner LDC (Caspian) |
||||||||
Mariner LDC (Riva Ridge) |
||||||||
Merced Partners II, L.P. |
||||||||
Merced Partners Limited Partnership |
||||||||
Monarch Master Funding Ltd. |
||||||||
NewFinance Alden SPV |
||||||||
Oak Hill Advisors, L.P. |
||||||||
Quintessence Fund L.P. |
||||||||
QVT Fund LP |
||||||||
Riva Ridge Master Fund, Ltd. |
||||||||
SCHEDULE 1
| Distributable | ||||||||
| $ Cash Backstop | Commitment | |||||||
| Signatory | Commitment | Percentage | ||||||
Seneca Capital LP |
||||||||
Silver Point Capital, L.P. |
||||||||
SIPI Master Ltd. |
||||||||
Solus Alternative Asset Management LP |
||||||||
Spectrum Investment Partners, X.X. |
||||||||
Xxxxx Criterion Master Fund Ltd. |
||||||||
Xxxxx Master Fund Ltd. |
||||||||
The Seaport Group LLC Profit Sharing Plan |
||||||||
The Liverpool Limited Partnership |
||||||||
UBS Securities LLC |
||||||||
Venor Capital Master Fund Ltd. |
||||||||
Whitebox Combined Partners, L.P. |
||||||||
Whitebox Hedged High Yield Partners, L.P. |
||||||||
TOTAL
|
$ | 50,000,000.00 | 100.00000 | % | ||||
