Item 2.01 Completion of Acquisition or Disposition of Assets.
The information set forth in Item 8.01 of this current report on Form 8-K is
incorporated by reference herein.
Item 8.01 Other Events.
As part of the liquidation process, the Court authorized the Trustee to take all
actions necessary to sell the Trust properties and consummate the sale of
certain assets to Navajo Transitional Energy Company, LLC ("NTEC") pursuant to
the terms of a Letter Agreement NTEC, a copy of which was filed by the Trust as
Exhibit 10.1 to the Current Report on Form 8-K with the SEC on August 3, 2021
and to Spartan Energy, LLC, as further described in the Current Report on
Form 8-K filed by the Trust with SEC on October 5, 2021.
The Trustee has been actively working toward liquidating the assets and paying
all expenses, costs, and professional fees in accordance with the Trust
Indenture and Court order. The Trust intends to formally wind down and terminate
on Monday, March 28, 2022, and on such date, the Unitholders of record are
entitled to a distribution of any of the remaining trust funds. The Trust,
however, will not be making a final distribution to its Unitholders because it
no longer has revenues sufficient to cover its operating costs and expenses. The
Trust recently sent a letter to each Unitholder notifying such Unitholder that
its account will be closed on March 28, 2022, and the Trust terminated. A copy
of the letter is incorporated by reference to Exhibit 99.1 of this current
report on Form 8-K.
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 Letter to Unitholders dated March 17, 2022
Exhibit 104 Cover Page Interactive Data File. The cover page XBRL tags
are embedded within the inline XBRL document.
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