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Re: Enterprising Investor post# 370

Wednesday, 08/10/2022 6:41:26 PM

Wednesday, August 10, 2022 6:41:26 PM

Post# of 375
Jeffrey Kivitz is a Partner with Canyon Partners, LLC.

Kivitz resign as a director of the Company if he ceases to be employed with Canyon.

The interests of Canyon Capital Advisors LLC, an affiliate of Canyon, and certain of its related parties, in transactions related to the Company’s voluntary reorganization under Chapter 11 of the United States Bankruptcy Code, beneficially own an aggregate of 8,396,293 shares of common stock (representing approximately 26.4%). Subsequent to the date of the 2022 Proxy Statement and effective as of June 7, 2022, the Company redeemed all of its outstanding 10% Senior Secured Notes due 2029, which resulted in aggregate cash payments of $79,399,768 to Canyon Capital Advisors LLC and its related parties (as described in the 2022 Proxy Statement) related to their pro rata share of the Senior Secured Notes that were redeemed.

https://www.sec.gov/ix?doc=/Archives/edgar/data/910612/000156459022028953/cbl-8k_20220810.htm

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