Digital Locations Inc (DLOC)

[Abag]

hey there, hope all is well, here is the info you were looking for about ADPAS, shareholders gonna be paid off, just waiting for pay date, here is the email i received,

Creditor Inquiries <[e-mail]>
To:Ira

Mon, Oct 12 at 10:13 AM

Hello Ira,



Below is an excerpt from the Motion filed on September 3, 2020 with regards to further wind down steps of the Adelphia Recovery Trust:

Link: http://www.adelphiarestructuring.com/Documents/ImportantDocuments/2020/ACC_%202020.09.03%20Motion%20for%20Order%20Authorizing%20Pay%20Off%20of%20Tow%20Note%20and%20Liquidating%20Trust%20Procedures%20[Dkt.%20No.%2014794].pdf



F. Payment of Trust Expenses following the Liquidating Distribution

16. When the Tow Note is paid off by the Debtors, the Trust will be able to (i) make a

final liquidating distribution to the holders of beneficial interests in the Trust in accordance with

the terms of the Plan (the “Final Liquidating Distribution”), (ii) file its final tax return, and (iii)

delist and cancel all remaining interests in the Trust. At that point, the Trust’s sole remaining

obligation shall be to perform its estate oversight role under Sections 2.05 and 3.11 of the

Declaration of Trust, as described above. Thus, the Debtors and the Trust have agreed that the

Debtors shall pay off the Tow Note at this time, which will provide a cost savings to the Debtors

as described below and enable the Trust to make a Final Liquidating Distribution and further

wind down its affairs.



The October 7, 2020 court ruling you refer to authorizes Adelphia (the “Debtors”) to pay off the Tow Note, authorizes the Debtors to pay Trust expenses after its Final Liquidating Distribution and approved the Final Distribution Procedures.



With these procedures authorized the Trust can now pursue a final liquidating distribution, however I cannot comment on an amount or timing of such distribution.



I hope you find this information helpful.



Regards,



Emily Shaheen

Adelphia Communications Corp.

5613 DTC Parkway, Suite 590

Greenwood Village, CO 80111

303-268-6688 (p)