The US Bankruptcy Court approved the revised joint plan of reorganization of Legacy Reserves Inc. on November 15, 2019. The debtor has filed its revised plan in the Court on November 4, 2019. As per the amended plan, Administrative Claims, Professional Fee Claims of $25 million, U.S. Trustee Fees, Priority Tax Claims and Other Priority Claims will be paid in full in cash. If the Exit Facility is consummated, on the Effective Date, in full satisfaction of each Allowed DIP Claim, each Holder thereof shall receive, in full satisfaction of its Claims (i) on account of DIP Claims other than Refinanced DIP Claims, including any New Money DIP Claims in the amount of $100 million, payment in full in Cash; and (ii) on account of Refinanced DIP Claims in the amount of $250 million, distribution of Cash and commitments under the Exit Facility in the manner set forth in the Exit Facility Term Sheet. Allowed Other Secured Claim shall receive, at the option of the applicable Debtor: (i) payment in full in cash; (ii) Reinstatement of its Other Secured Claim. On the Effective Date, the RBL Claims shall be satisfied in full by one of the following: (i) in the event that the Exit Facility is consummated, at the option of the Holder, distribution of its Pro Rata share of commitments under the RBL Exit Facility or New Term Loan Facility in exchange for its Allowed RBL Claim; or (ii) in the event that the Exit Facility is not consummated and the Debtors consummate an Alternative Exit Facility, payment in full in cash of its Allowed RBL Claim without offset, recalculation, reduction, or deduction of any kind. Term Loan Claims of $351.22 million will recover 83.4% i.e. $292.92 million shall receive its Pro Rata share of the Term Loan New Common Stock Shares. Allowed Notes Claims of $982.67 million will recover 4.8% i.e. $47.17 million shall receive its respective Pro Rata share of the Notes Claim Shares. Holders of Notes Claims that are Qualified Noteholders will receive Subscription Rights to participate in the Rights Offering. General Unsecured Claims, at the option of the applicable Debtor, shall receive payment in full in Cash or Reinstatement of its General Unsecured Claims. Intercompany Claims and Intercompany Interest, at the option of the applicable Debtor with the consent of the Plan Sponsor, shall canceled or reinstated. Existing Common Equity Interests shall be canceled, released, and extinguished, and will be of no further force or effect. The plan will be funded from RBL Exit Facility of $500 million, New Term Loan Exit Facility, issuance of New Common Stock, Rights Offering of $66.5 million and Plan Sponsor Backstop Commitment of $189.8 million.