Pareteum Corporation filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on August 4, 2022. As per the plan filed, administrative claims, professional fee claims, priority tax claims, U.S. Trustee fees, secured tax claims, other secured claims, other priority claims, shall be paid in full in cash. General unsecured claims shall receive its pro rata share of liquidating trust interests entitling such holder to receive, on a distribution date, their pro rata share of the liquidating trust net recovery available for distribution on each such distribution date.

Interests shall be cancelled and shall not receive any distribution under the plan. The plan shall be funded though cash and sale of assets. Debtor filed a modified plan of liquidation with related disclosure statement in the US Bankruptcy Court on August 17, 2022.

As per the plan filed, there are no changes in the treatment of any claim class or sources of plan funding. Debtor filed a solicitation version of modified plan of liquidation and disclosure statement in the US Bankruptcy Court on August 22, 2022. As per the plan filed, there are no changes in the treatment of any claim class or sources of plan funding.

Debtor filed a confirmation version of modified plan of liquidation and disclosure statement in the US Bankruptcy Court on October 4, 2022. As per the plan filed, there are no changes in the treatment of any claim class or sources of plan funding.