On April 29, 2020, Mudrick Capital Management, L.P.’s legal counsel delivered a letter to Quorum Health Corporation’s board of directors on behalf of Mudrick Capital, requesting that the Board exercise its ‘fiduciary out’ and terminate the restructuring support agreement currently restricting the Company. The Letter stated that, once the restructuring support agreement is terminated, the Company may quickly engage with Mudrick Capital and modify its proposed plan of reorganization to provide for a proper shareholder recovery. Mudrick Capital concluded the letter by stating that they filed 4 sets of papers on April 29, 2020: (1) a motion to continue the confirmation hearing; (2) preliminary objections to confirmation of the Plan; (3) a motion for the appointment of an Official Equity Committee; and (4) an objection to further approval of DIP financing.