Vanguard Natural Resources Inc. (fka VNRRQ)

[HokieHead]

Holders of the Company's common units will receive distributions of new warrants regardless of whether two-thirds of the common units vote as a class to accept the Company's Modified Plan.

The definition of "Exculpated Parties" will be amended to add the Ad Hoc Equity Committee.

The Modified Plan provides for the payment of up to $350,000 of reasonable and documented fees and expenses of the advisors to the Ad Hoc Equity Committee in addition to those previously agreed upon. No further fees and expenses of such advisors will be allowed or payable.

Furthermore, all deposition notices and other discovery propounded by the Equity Committee against any other party are deemed immediately withdrawn and any scheduled depositions are canceled.

The Equity Committee recommends that holders of the Company's common units who have not voted to vote in favor of the Modified Plan by Monday, July 17, 2017 at noon Central Standard Time.