RESTRUCTURING SUPPORT AND FORBEARANCE AGREEMENTExecutive Employment Agreement • January 25th, 2017 • Goodman Networks Inc • Radiotelephone communications • New York
This RESTRUCTURING SUPPORT AND FORBEARANCE AGREEMENT (as amended, supplemented, or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”) is made and entered into as of January 24, 2017, by and among (i) Goodman Networks Inc., (“Goodman”), Goodman Network Services, LLC, Minnesota Digital Universe, Inc., Multiband Corporation, Multiband EWM, Inc., Multiband EWS, Inc., Multiband Field Services, Incorporated, Multiband MDU Incorporated, Multiband Special Purpose, LLC, and Multiband Subscriber Services, Inc. (collectively, the “Company”); (ii) the undersigned beneficial holders, or investment advisors or managers for the account of beneficial holders (the “Noteholders,” and together with their respective successors and permitted assigns and any subsequent Noteholder that becomes party hereto in accordance with the terms hereof, the “Consenting Noteholders”), of the 12.125% Senior Secured Notes due 2018 (the “Secured Notes”); and (iii) the undersigned st
ContractGoodman Networks Inc • January 25th, 2017 • Radiotelephone communications
Frisco, Texas, January 25, 2017. On January 24, 2017, Goodman Networks and its subsidiaries (collectively, the “Company”) entered into a restructuring support agreement with holders of the Company’s 12.125% Senior Secured Notes due 2018 (the “Notes”) who hold more than 75% of the outstanding Notes and more than 80% of the Company’s equity holders regarding a comprehensive financial restructuring transaction that will result in a stronger balance sheet for the Company. The proposed transaction, among other things, will reduce the Company’s long term debt by approximately $212.5 million through an exchange of the Notes for a cash paydown, new 8% secured notes issued by the Company, and preferred and common equity of the Company. Significantly, the proposed transaction and related restructuring will not impact Company’s customers, employees, vendors, and other unsecured creditors and the Company will honor its obligations to such parties in the ordinary course of business with no disrupti
