RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Also Sept 30 Management’s Discussion and Analysis is outfrom md&a
Following completion of the 2019 Private Placement, the terms of such securities provided that the proceeds from
the ICSID Arbitration (“Claim Proceeds”) would be distributed in the following order of priority (in each case to the
extent that the amount of Claim Proceeds is sufficient):
1.in full repayment of any accrued and unpaid default interest, fees, expenses or indemnity obligations in
respect of the 2019 CVRs, the 2016 CVRs, the 2019 Notes and the 2016 Notes;
2.in full repayment of all obligations, liabilities and indebtedness (including all principal, interest, fees and
other amounts) under the 2019 Notes and 2016 Notes;
3.to the holders of 2019 CVRs, the 2016 CVRs and eligible participants (“MIP Participants”) in the MIP (as
defined below), on a pro rata basis in accordance with their pro rata entitlement to the Claims Proceeds, in
an amount equal to the lesser of (i) US$460,000,000 and (ii) their maximum aggregate entitlements to the
Claim Proceeds;
4.to the Company, US$30,000,000;
5.to holders of the 2019 CVRs, the holders of the 2016 CVRs and the MIP Participants, on a pro rata basis in
accordance with their pro rata entitlement to the Claims Proceeds, the remaining proceeds until the
aggregate distributions to such persons equals their maximum aggregate entitlements to the Claim
Proceeds; and
6.to the Company, the balance (if any) of the Claims Proceeds.
Management Incentive Plan UP TO 5%