Francesca's Holdings Corporation, along with its affiliates, filed a joint combined plan of liquidation and disclosure statement in the US Bankruptcy Court on May 5, 2021. As per the plan filed, administrative claims, professional fees, priority tax claims and priority non-tax claims shall be paid in full in cash. Intercompany claims shall waive and release each claim. Secured claims shall be paid either in cash or surrendered collateral. general unsecured claims shall receive its pro rata share of the GUC plan consideration. Equity interests shall be cancelled and released without any distribution or retention of any property on account of such equity interests. The plan shall be funded from cash on hand, the promissory note, and all other proceeds, if any, generated from the liquidation of the estate.