Fusion Connect Inc. fka FSNNQ

[SC777]

Pursuant to the Bridge Agreement, the Company has committed to meet certain milestones through May 30, 2019. The milestones include, among other things, the entry by the Company into a restructuring support agreement with the Ad Hoc Group of Term Lenders by May 17, 2019, pursuant to which the Company is required to pursue a sale of all or substantially all of the assets of the Company pursuant to section 363 of the Bankruptcy Code and commence voluntary chapter 11 cases by no later than June 3, 2019, unless an alternative transaction is agreed to by the Ad Hoc Group of Term Lenders. The Bridge Financing is contemplated to convert and be treated as debtor-in-possession financing in the event of a chapter 11 filing by the Company.