Memorial Production Partners LP, along with its affiliates, filed a pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 16, 2017. As per the plan filed, Administrative Expense Claims, Professional Fee Claims, Other Priority Claims and Priority Tax Claims will be paid in full in cash. Each holder of Other Secured Claims shall receive, at the option of the Debtors, Cash in an amount equal to such Claim or reinstatement of the claim. Beta Trust Claims shall receive continuing interests in Beta Trust Pre-Existing Cash Deposit and Debtors shall maintain Beta Replacement Sureties and shall grant to the Beta Previous Owners a lien in the proceeds of the Beta Replacement Sureties. RBL Credit Facility Claims of $701 million shall receive Pro Rata share of Cash in an amount equal to all accrued interest, expense reimbursements and Pro Rata share of the Exit Credit Facility. Unsecured Notes Claims, comprising of 7.625% Senior Unsecured Notes of $646.30 million and 6.875% Senior Unsecured Notes of $465 million are estimated to recover in the range of 23% to 40% of the allowed amount. Unsecured Notes Claims holders shall receive pro rata share of New Common Shares representing in the aggregate 98% of the total outstanding shares of Memorial Parent NewCo Unsecured Noteholder Cash Distribution Amount. General Unsecured Claims shall be continued to be paid or dispute each of the Claim in the ordinary course of business as if the Chapter 11 Cases had never been commenced. Intercompany Claims shall be paid, adjusted, Reinstated or discharged to the extent reasonably determined to be appropriate by the Debtors. All Intercompany Interests will be reinstated. Memorial Parent Interests shall be cancelled. Each Memorial Limited Partner will receive Pro Rata share of Memorial Limited Partner New Common Shares and Memorial Limited Partner Warrant. The plan will be funded from cash in hand, exit credit facility and issuance of new common shares.