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Wednesday, 07/17/2019 1:28:18 PM

Wednesday, July 17, 2019 1:28:18 PM

Post# of 506
i Got this form my broker. Can anybody translate into "normnal speech" ???
----------------

ATTENTION DIRECT AND INDIRECT HOLDERS OF, AND PROSPECTIVE
HOLDERS OF STOCK ISSUED BY FUSION CONNECT, INC.:
On July 3, 2019, upon the motion (the “Motion”) of Fusion Connect, Inc. (“Fusion Connect”)
and its affiliated companies (the “Debtors”), the United States Bankruptcy Court for the Southern
District of New York (the “Bankruptcy Court”), having jurisdiction over the chapter 11 cases of
the Debtors, captioned as In re Fusion Connect, Inc., et al., No. 19-11811 (SMB) (the “Chapter
11 Cases”), entered a final order effective nunc pro tunc to the commencement of these chapter
11 cases, establishing procedures (the “Procedures”) with respect to direct and indirect transfers
of, and claiming a worthless stock deduction with respect to, common stock of Fusion Connect
(“Common Stock”), including options to acquire Common Stock.
In certain circumstances, the Procedures restrict (i) transactions involving, and require notices of
the holdings of and proposed transactions by, any person, group of persons, or entity that is or, as
a result of such a transaction, would become a Substantial Stockholder of the Common Stock and
(ii) claims by any Majority Stockholder of a worthless stock deduction under section 165(g) of the
Internal Revenue Code with respect to the Common Stock (a “Worthless Stock Deduction”). For
purposes of the Procedures, a “Substantial Stockholder” is any person or entity (within the
meaning of applicable regulations promulgated by the U.S. Department of the Treasury, including
certain persons making a coordinated acquisition of stock) that beneficially owns (including
options to acquire), directly or indirectly at least 3,893,400 shares of Common Stock (representing
approximately 4.75% of all issued and outstanding shares of Common Stock), and a “Majority
Stockholder” is any person that beneficially owns at least 38,934,000 shares of Common Stock
(representing approximately 47.5% of all issued and outstanding shares of Common Stock) or any
person that would be a “50-percent shareholder” (within the meaning of section 382(g)(4)(D) of
the Internal Revenue Code) of Common Stock (as defined in the Procedures) if such person
claimed a Worthless Stock Deduction with respect to such securities. Any prohibited acquisition
or other transfer of Common Stock (including options to acquire Common Stock) will be null
and void ab initio, and any Majority Stockholder is prohibited from claiming a Worthless Stock
Deduction in violation of the procedures. In addition, any prohibited acquisition or other
transfer of, or claim of a Worthless Stock Deduction with respect to, Common Stock (including
options to acquire Common Stock) may lead to contempt, compensatory damages, punitive
damages, or sanctions being imposed by the Bankruptcy Court.
The Procedures, as approved on a final basis, are available on the website of Prime Clerk LLC,
the Debtors’ Court-approved claims agent, located at https://cases.primeclerk.com/Fusion, and
on the docket of the Chapter 11 Cases, Docket No. 19-11811 (SMB), which can be accessed via
PACER at https://www.pacer.gov.
A direct or indirect holder of, or prospective holder of, Common Stock that may be or
become a Substantial Stockholder or a Majority Stockholder should consult the Procedures.
SRF 34219
WEIL:\97090811\4\99910.E222
2
PLEASE TAKE NOTICE that the requirements set forth in the Procedures are in
addition to the requirements of Bankruptcy Rule 3001(e) and applicable securities, corporate, and
other laws and do not excuse non-compliance therewith.

Dated: New York, New York BY ORDER OF THE COURT
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