Cochon Properties, LLC and Morrison Well Services, LLC filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 12, 2017. As per the plan filed, Administrative Claims, Priority Tax Claims and Professional Fee Claims shall be paid in full in cash. DIP Claims shall receive on the Effective Date, Pro Rata with their recovery on account of the Note Claims, 100% of the New Equity of the Reorganized Debtors in exchange for the DIP Claims and the Adequate Protection Claims. Other Priority Claim will receive either, Cash equal to the full Allowed amount of such Allowed Other Priority Claim or such other treatment as may be agreed to by such Holder and the Administrative Agent at the direction of the Requisite Note Holders. Other Secured Claim will receive, at the Administrative Agent’s election (at the direction of the Requisite Note Holders), either, Cash equal to the full Allowed amount of such Holder’s Allowed Other Secured Claim, Reinstatement of such Holder’s Allowed Other Secured Claim, the return or abandonment of the Collateral securing such Holder’s Allowed Other Secured Claim to such Holder, or such other treatment as may be agreed to by such Holder and the Administrative Agent at the direction of the Requisite Note Holders. The Holders of the Note Claims in the amount of $54.94 million will receive on the Effective Date, their Pro Rata share of the Exit Facility, and Pro Rata with their recovery on account of the DIP Claims and the Adequate Protection Claims, their Pro Rata share of 100% of the New Equity of the Reorganized Debtors; provided, however, that the Holders of the Note Claims will retain all of their Claims, Liens, and security interests against the Rooster Entities pursuant to Section 4.16 of the Plan. If a Holder of a Bonding Claim votes to accept the Plan, such Holder’s Cochon Bonds will remain in effect in accordance with Section 4.17 of the Plan, the premiums on such Cochon Bonds will be paid in the ordinary course of business, and such Holder will receive its Pro Rata share of a Cash payment in full and final satisfaction of its Bonding Claims. If a Holder of a Bonding Claim votes to reject the Plan, such Holder’s Cochon Bonds will be replaced in the ordinary course of business, and such Holder will receive a Cash payment in the amount such Holder would receive in a chapter 7 liquidation, as determined by a finding by the Bankruptcy Court in full and final satisfaction of its Bonding Claims. Cochon Unsecured Trade Claim will receive a Cash payment in the full Allowed amount of such Claim; provided, however, that if the Allowed aggregate amount of Cochon Unsecured Trade Claims exceeds $1.04 million, then such Holders will share Pro Rata in $1,04 million. MWS Unsecured Trade Claim will receive a Cash payment in the full Allowed amount of such Claim; provided, however, that if the Allowed aggregate amount of MWS Unsecured Trade Claims exceeds $0.99 million, then such Holders will share Pro Rata in $0.99 million. General Unsecured Claim other than Note Claims, the Bonding Claims, Cochon Unsecured Trade Claims, and MWS Unsecured Trade Claims will receive its Pro Rata share of $0.03 million. Existing Equity in Cochon and MWS will be cancelled and extinguished without further notice to, approval of, or action by any Entity, and each Holder of Existing Equity in Cochon or MWS will receive no recovery on account of such Existing Equity. The plan shall be funded through Issuance of New Equity and Exit Facility.