SETTLEMENT AGREEMENT AND RELEASESettlement Agreement • August 13th, 2015 • Shengdatech Liquidating Trust • Industrial organic chemicals • Nevada
This Settlement Agreement (the “Agreement”) is entered into as of May __, 2015 by and among the ShengdaTech Liquidating Trust (the “Liquidating Trust”), A. Carl Mudd (“Mudd”), Sheldon B. Saidman (“Saidman” and together with Mudd, the “Independent Directors”), Federal Insurance Company, (“Federal”), Ironshore Indemnity, Inc. (“Ironshore”), the Miller Investment Trust, Jura Limited (“Jura”), the Randi and Clifford Lane Foundation (the “Lane Foundation” and collectively with the Miller Investment Trust and Jura, the “Miller Trust Plaintiffs”) and Oaktree Capital Management, L.P., on behalf of certain of its managed accounts; Oaktree (Lux.) Funds – Oaktree Convertible Bond Fund; Oaktree High Income Convertible Fund, L.P.; Oaktree High Income Convertible Fund II, L.P.; Oaktree Non-U.S. Convertible Fund, L.P.; Oaktree TT Multi-Strategy Fund, L.P.; OCM Global Convertible Securities Fund; OCM International Convertible Trust; OCM Non-U.S. Convertible Securities Fund; Lazard Asset Management LLC
