Refco Finance Inc, et al. ˇ 8-K ˇ For 9/15/06 ˇ EX-10
Filed On 9/18/06 6:01am ET ˇ SEC Files 1-32604, 333-119701, -23 ˇ Accession Number 1341004-6-2546
As Of Filer Filing As/For/On Docs:Pgs Issuer Agent
9/18/06 Refco Finance Inc 8-K{1,9} 9/15/06 2:87 Skadden/FA
Refco Inc
Refco Group Ltd/LLC
Document/Exhibit Description Pages Size
1: 8-K Current Report HTML 21K
2: EX-10 Exhibit 10.1 - Plan Support Agreement 83 239K
Exhibit 10.1
EXECUTION VERSION
PLAN SUPPORT AGREEMENT
PLAN SUPPORT AGREEMENT (this "Agreement"), dated September 14, 2006, by
and among (i) the Official Committee of Unsecured Creditors of Refco Inc., et
al. (the "Official Committee"); (ii) the Additional Committee of Unsecured
Creditors of Refco Inc., et al. (the "Additional Committee"); (iii) the chapter
11 trustee (the "RCM Trustee") in his capacity as chapter 11 trustee for Refco
Capital Markets Ltd. ("RCM"); (iv) Refco Inc. and affiliated debtors in
possession (the "Debtors"); (v) non-debtor affiliates of Refco Inc. that are
controlled, directly or indirectly, by Refco Inc. (the "Non-Debtor Affiliates");
(vi) each of the individual customers and creditors of RCM that are signatories
hereto on or become signatories after the date hereof (the "RCM Creditors");
(vii) each of the individual creditors of the Debtors or Refco, LLC ("LLC") that
are signatories hereto on or become signatories after the date hereof (the
"Refco Creditors" and, together with the Official Committee, the Additional
Committee, the RCM Trustee, the Debtors, the Non-Debtor Affiliates, and the RCM
Creditors, the "Parties"); and (viii) solely for purposes of clauses (ii) and
(iii) of Section 4, clause (vi) of Section 6 and clause (iii) of Section 7 and
for no other purpose, the chapter 7 trustee (the "LLC Trustee") for LLC in his
capacity as chapter 7 trustee for LLC;
WHEREAS, RCM and the Debtors filed petitions for relief under chapter
11 of the United States Bankruptcy Code (as amended, the "Bankruptcy Code")
beginning on October 17, 2005, with the United States Bankruptcy Court for the
Southern District of New York (the "Bankruptcy Court");
WHEREAS, the Official Committee was appointed by the United States
Trustee in the chapter 11 cases of the Debtors (the "Chapter 11 Cases") on
October 28, 2005, and was reconstituted on March 29 and July 21, 2006;
WHEREAS, by Order dated April 13, 2006, the Bankruptcy Court appointed
Marc S. Kirschner as the RCM Trustee;
WHEREAS, on August 3, 2006, the U.S. Trustee filed Notices of
Bifurcation of Official Committee of Unsecured Creditors by Further
Reconstitution And Amended Appointment, further reconstituting the Official
Committee and establishing the Additional Committee;
WHEREAS, the RCM Trustee entered into (i) a settlement agreement with
certain customers and creditors of RCM dated as of June 29, 2006 (as amended and
in effect from time to time, the "RCM Settlement Agreement"); and (ii) a
settlement agreement with Rogers Raw Materials Fund, L.P. and Rogers
International Raw Materials Fund, L.P. (the "Rogers Funds") dated as of July 20,
2006 (the "Rogers Settlement Joinder," and, together with the RCM Settlement
Agreement, the "RCM Settlement");
WHEREAS, the Parties have negotiated that certain "Summary Terms Of
Global Chapter 11 Plan for Refco Inc., et al. (the "Global Term Sheet," a copy
of which
is annexed hereto as Exhibit A) for a proposed global chapter 11 plan for the
Debtors and RCM (the "Global Plan");
WHEREAS, the Parties now seek to enter into this Agreement to
memorialize their support for the Global Plan, subject to the terms hereof and
the Global Term Sheet;
NOW THEREFORE, in consideration of the promises and the mutual
covenants and agreements set forth herein, the Parties hereby agree as follows:
1. Support of Global Plan. Provided that the terms and conditions of
the Plan Documents (as defined below) are consistent with the Global Term Sheet
and all other terms and conditions of this Agreement have been satisfied or
waived, then:
i. the Debtors and the RCM Trustee and, to the extent that
the Official Committee, the Additional Committee, or both,
elect to do so before the hearing before the Bankruptcy
Court on the adequacy of the disclosure statement (the
"Disclosure Statement") for the Global Plan, the Official
Committee, the Additional Committee, or both, will act as
the co-proponents (the "Co-Proponents") of the Global
Plan;
ii. each Party shall refrain from proposing or supporting any
chapter 11 plan for the Debtors other than the Global
Plan; and
iii. no Party will object to the Global Plan or take any action
directly or indirectly inconsistent with the terms and
conditions of this Agreement or that would unreasonably
delay confirmation or consummation of the Global Plan or
approval of the Disclosure Statement.
Upon the execution and delivery of this Agreement by the Debtors, the Non-Debtor
Affiliates, the Official Committee, the Additional Committee, those RCM
Creditors listed on Schedule 1, and the Refco Creditors consisting of D.E. Shaw
Laminar Portfolios, L.L.C. and Esopus Creek Advisors LLC (collectively, the
"Requisite Parties"), the Co-Proponents will file a copy of this Agreement with
the Bankruptcy Court.
2. Preparation and Filing of Global Plan. The Co-Proponents, in
consultation with the other Parties, shall pursue the preparation and filing
with the Bankruptcy Court of all documents necessary or appropriate for the
Global Plan (the "Plan Documents") in a manner that is consistent with the terms
and conditions set forth in the Global Term Sheet.
3. Confirmation and Consummation of Global Plan. The Co-Proponents
shall use their reasonable best efforts to seek the confirmation and
consummation of the Global Plan and its effectiveness in accordance with the
terms and conditions set forth in the Global Term Sheet in a manner that
satisfies each of the deadlines set forth in the Global Term Sheet and the RCM
Settlement (unless such terms, conditions or deadlines are waived, extended or
modified in accordance with the Global Term Sheet and the RCM Settlement
Agreement, as applicable).
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4. Provisions Concerning the Lenders and the LLC Trustee. Clause (i) of
this Section shall be effective immediately upon the execution of this Agreement
by the Requisite Parties and those RCM Creditors constituting a Super Majority
(as defined in the RCM Settlement Agreement). Clauses (ii) and (iii) of this
Section shall be immediately effective upon execution of this Agreement by the
LLC Trustee.
i. The Parties irrevocably confirm that, if the Order substantially
and in all material respects in the form attached hereto as
Exhibit B (with such changes thereto that are not materially
adverse to the Co-Proponents, the RCM Creditors or the Refco
Creditors or are otherwise reasonably acceptable to the Parties,
the "Lender Settlement Order"), approving the settlement and
compromise pursuant to Rule 9019 of the Bankruptcy Rules of
certain controversies and disputes under the Credit Agreement
dated as of August 5, 2004, as amended (the "Credit Agreement"),
among inter alia certain of the Debtors, Bank of America, N.A.
as administrative agent (in its capacity as such, the "Agent")
and the lenders (the "Lenders") from time to time party thereto,
is entered by the Bankruptcy Court, then the Parties will be
irrevocably bound by all of the terms and conditions of the
Lender Settlement Order (including, without limitation, the
releases of the Agent and the Lenders and related injunctions
contained therein), in each case regardless of whether any
Global Plan or any other plan or plans are agreed upon or
confirmed in the chapter 11 cases of the Debtors or RCM or any
of such cases is converted to chapter 7. The Co-Proponents
further irrevocably agree, if the Lender Settlement Order is
entered, to use their reasonable best efforts to ensure that any
plan confirmed in the chapter 11 cases of the Debtors or RCM is
a Qualifying Plan (as defined in the Lender Settlement Order).
Furthermore, the Parties irrevocably agree not to (A) object to
the entry of the Lender Settlement Order or, if the Lender
Settlement Order is entered, the provisions set forth in
paragraph 10 of the Lender Settlement Order to the extent that
those provisions are contained in any plan proposed in the
Chapter 11 Cases, or (B) if the Lender Settlement Order is
entered, propose any plan in the Chapter 11 Cases that does not
contain the provisions of paragraph 10 of the Lender Settlement
Order. The obligations of the Parties under this paragraph (i)
shall terminate if the Lender Settlement Order ceases to be in
effect pursuant to paragraph 16 thereof.
ii. The LLC Trustee shall use his reasonable best efforts to file
objections, if appropriate, by September 15, 2006, to (A) the
ten largest timely-filed claims against LLC excluding claims
identified on the Schedule 2 (the "LLC Claims Schedule")
attached hereto and (B) any unliquidated timely-filed claims
against LLC excluding claims identified on the LLC Claims
Schedule. In addition, on or before 10 days after receipt by the
LLC Trustee from the RCM Trustee of a list
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(the "RCM Non-Signatory List") identifying any claims on the LLC
Claims Schedule as to which in the RCM Trustee's opinion the LLC
Trustee will not be receiving an executed LLC Claim
Subordination and Waiver (an "LLC Claim Subordination and
Waiver") satisfactory to the LLC Trustee in the form attached
hereto as Exhibit C, the LLC Trustee shall use his reasonable
best efforts to file objections, if appropriate, to such claims.
iii. The LLC Trustee shall use his reasonable best efforts to file,
by September 15, 2006, (A) a stipulation allocating the proceeds
of the sale of the Debtors' regulated commodity broker
businesses if, on or before September 14, 2006, the
Co-Proponents and the LLC Trustee have agreed to the
stipulation, and (B) a motion to pay the amounts owed to Refco
Capital LLC related to loans from Refco Capital LLC to Refco LLC
Customers.
5. Conditions. The effectiveness of the remaining provisions of this
Agreement shall be subject to the following conditions precedent, all of which
shall have occurred on or prior to September 14, 2006:
i. this Agreement shall have been executed by the Requisite
Parties;
ii. the RCM Trustee shall have modified the proposed order (such
modification being herein called the "RCM Settlement Order
Modification") approving the RCM Settlement Agreement to include
the provision set forth on Exhibit D; and
iii. subject to the LLC Trustee's right to object to the RCM
Settlement as preserved under clause (iii) of Section 7, each of
the Parties that filed or joined in an objection with respect to
the pending motions for approval of the RCM Settlement shall
have rested on the pleadings filed, without oral argument other
than in response to questions from the Bankruptcy Court, and
without the adducing of evidence, for purposes of the Bankruptcy
Court hearing scheduled to commence on September 14, 2006,
seeking an order or orders approving the RCM Settlement as
contemplated by ss. 14(b)(iv) of the RCM Settlement Agreement
(the "Initial Approval Order").
6. Covenants. The Parties make the following covenants as applicable to
them:
i. each of the Co-Proponents shall (a) support entry of the order
or orders approving the stipulation and motion referred to in
clause (iii) of Section 4 and (b) take all reasonable steps
necessary to meet the deadlines contemplated by this Agreement
and in the Global Term Sheet;
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ii. each of the Parties negotiating the terms and other provisions
of the Plan Documents shall negotiate in good faith;
iii. each of the Parties shall forbear from asserting or supporting
the assertion by others of inter-company and other claims
against other Parties to this Agreement to be resolved as
contemplated by the Global Term Sheet, and shall cease all
litigation preparation for and prosecution of any such claims
and all inter-company and related forensic analysis, except as
may be necessary to prepare for the confirmation hearing on the
Global Plan;
iv. the RCM Trustee and the RCM Creditors shall not amend the RCM
Settlement in any manner inconsistent with this Agreement or the
Global Term Sheet exclusive of extending deadlines in the RCM
Settlement;
v. the RCM Trustee shall use his reasonable best efforts to enter
into arrangements satisfactory to himself and the LLC Trustee,
including the provision of any agreed indemnification, to enable
the LLC Trustee to set reserves with respect to any claims filed
against LLC by the Rogers Funds, or any of their affiliates, or
any entities claiming derivatively or for the same or similar
claims (collectively, the "Rogers Claims"), at no more than $75
million (if acceptable to the LLC Trustee) for purposes of
facilitating LLC's distributions to the Debtors as contemplated
by the Global Term Sheet, subject to the right of the Rogers
Funds to challenge any such arrangements as preserved under
clause (iii) of Section 7;
vi. the LLC Trustee shall use his reasonable best efforts to
conclude litigation in the Bankruptcy Court over allowance and
amount, if any, of the Rogers Claims against LLC on or prior to
October 15, 2006;
vii. If at any time the RCM Creditors constitute the Super Majority
(as defined in the RCM Settlement Agreement), then, on the
earlier to occur of the date of entry of the Lender Settlement
Order and one business day prior to the hearing before the
Bankruptcy Court seeking an order or orders contemplated by
ss.14(c)(ii) of the RCM Settlement Agreement (the "Final
Approval Order"), (A) each of the Parties that filed objections
with respect to the pending motions for approval of the RCM
Settlement will withdraw such objections, (B) each of the
Debtors, the Official Committee and the Additional Committee
shall support the Final Approval Order other than for any
ownership disputes arising out of the Rogers Claims as to
securities deposited by the Rogers Funds and (C) each of the
Refco Creditors shall not object to such approval;
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viii. the RCM Trustee shall provide the RCM Non-Signatory List to the
LLC Trustee on or prior to September 26, 2006; and
ix. the RCM Trustee shall not (a) except with respect to claims for
which specific reserves were established in the Initial Order
and for any ownership disputes arising out of the Rogers Claims
as to securities deposited by the Rogers Funds, commence the
hearing before the Bankruptcy Court seeking the Final Approval
Order prior to October 3, 2006, or (b) make any distributions to
pre-petition creditors or customers of RCM on account of their
prepetition claims against RCM prior to December 1, 2006.
7. Other Agreements and Reservations.
i. Each RCM Creditor other than the Rogers Funds agrees to execute
and deliver to the LLC Trustee an LLC Claim Subordination and
Waiver.
ii. Each RCM Creditor agrees to (a) elect to receive its pro rata
share of the proceeds, contemplated by the Global Term Sheet, of
the RCM BAWAG Proceeds (as defined in the Global Term Sheet),
and (b) upon tender to it of a certificate or certificates
evidencing its interest or interests in the Private Action Trust
contemplated by the Global Term Sheet, contribute its private
Refco related causes of action to the Private Actions Trust.
iii. Nothing contained in this Agreement (a) except as provided in
clause (i) of Section 4, prevents any Party from objecting to
the exculpation provisions of the Global Plan in favor of any
person for the person's acts or omissions during the course of
the Debtors' and RCM's bankruptcy cases, (b) imposes any duty
on the LLC Trustee to agree to any arrangements to lower the
reserves at LLC with respect to the Rogers Claims as
contemplated by clause (v) of Section 6, (c) prevents the
Rogers Funds from challenging any lowered reserves with respect
to the Rogers Claims that may be sought to be established at
LLC as contemplated by clause (v) of Section 6, (d) otherwise
prejudices the claims or rights of the Rogers Funds with
respect to the Rogers Claims, (e) impairs the LLC Trustee's
right to object to any aspect of the RCM Settlement or the
Global Plan that purports to resolve any of the Rogers Claims
against RCM or the RGL Debtors, or purports to allocate any
securities or cash (or proceeds thereof) in which the Rogers
Funds have asserted an interest, without a release of all
claims that the Rogers Funds may assert against LLC or other
resolution of the Rogers Claims acceptable to the LLC Trustee
or (f) except as provided in clause (vii) of Section 6, impairs
the right of any Party who has filed or joined in an objection
to the RCM Settlement to appeal from the
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Initial Approval Order or to maintain its objection or
joinder to an objection to any and all orders approving
the RCM Settlement.
iv. Neither the execution or delivery of this Agreement by any Party
nor the occurrence of any Cause (as defined in Section 8) shall
constitute any ground to challenge the Initial Approval Order or
any other Order or Orders of the Bankruptcy Court approving the
RCM Settlement Agreement.
8. Withdrawal. Any Party may, subject to Section 9, withdraw from this
Agreement without recourse for Cause (as defined below) effective upon
providing written notice thereof to counsel to each of the Debtors, the
Official Committee, the Additional Committee and the RCM Trustee, provided that
such Cause was not the result of such Party's own act or omission. "Cause"
shall mean:
i. any covenant or other material term or provision of this
Agreement shall have been breached in any material respect by
any Party and (A) the breach shall not have been cured within
five business days following notice by any Party to all of the
other Parties of the breach or (B) within such five-business
day period one or more of the Co-Proponents shall not have
commenced an action against the breaching Party for specific
performance of this Agreement;
ii. the action against the breaching party referred to in clause
(i)(B) shall be dismissed or shall not be resolved in favor the
plaintiff Co-Proponent or Co-Proponents within ten business
days after having been commenced;
iii. on or prior to September 15, 2006, (A) the Bankruptcy Court
shall not have issued the Initial Approval Order, or (B) the
Global Plan and Disclosure Statement shall not have been filed
with the Bankruptcy Court;
iv. on or prior to September 19, 2006, (A) this Agreement shall not
have been executed by the Super Majority (as defined in the RCM
Settlement Agreement), or (B) the LLC Trustee shall not have
received an executed LLC Claim Subordination and Waiver
satisfactory to the LLC Trustee, for purposes of facilitating
LLC's distributions to the Debtors as contemplated by the
Global Term Sheet, from the holders of at least the Super
Majority (as defined in the RCM Settlement Agreement but
excluding the Rogers Funds for purposes of determining the
Super Majority if the Bankruptcy Court has by then approved the
Rogers Settlement Joinder);
v. on or prior to September 27, 2006, the Lender Settlement Order
shall not have been issued by the Bankruptcy Court;
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vi. on or prior to October 5, 2006, an Order allocating the BAWAG
Proceeds (as defined in the Global Term Sheet), as contemplated
by the Global Term Sheet, shall not have been issued by the
Bankruptcy Court;
vii. on or prior to October 16, 2006, (A) the Bankruptcy Court shall
not have issued the Final Approval Order other than for those
claims for which specific reserves were established under the
Initial Approval Order, (B) the "Payment Date" under and as
defined in the Lender Settlement Order shall not have occurred,
(C) the Disclosure Statement shall not have been approved by
the Bankruptcy Court, or (D) the Disclosure Statement, if
approved on or prior to October 16, 2006, shall refer to and be
accompanied by a plan that is either (1) not consistent with
the terms and conditions set forth in the Global Term Sheet, or
(2) adds one or more terms that materially reduce the economic
return or the timing of the economic return reasonably
anticipated by RCM Creditors or the Refco Creditors under the
Global Plan;
viii. on or prior to December 15, 2006, the Global Plan shall not
have been confirmed by the Bankruptcy Court; or
ix. on or prior to December 31, 2006, the Effective Date of the
Global Plan shall not have occurred.
9. Effect of Withdrawal. In the event of a Party's withdrawal from
this Agreement, neither the existence (including any term or provision) of this
Agreement, the Global Term Sheet, the Global Plan, the Disclosure Statement,
nor any related documents may be deemed, asserted, or construed as an admission
or evidence of any issue. The provisions of Section 4 applicable to a
withdrawing Party, and any of this Section and Sections 10 through 22 to the
extent relating to Section 4, shall survive the Party's withdrawal, but no
other rights or obligations of the withdrawing Party shall survive the
withdrawal.
10. Remedies; Specific Performance. If a Party breaches any covenant
or other term or provision of this Agreement, the Party shall not be liable for
money damages. This Agreement, including, without limitation, the Parties'
agreement herein to support the Global Plan and to facilitate its confirmation
and consummation as provided herein, is intended as a binding commitment
enforceable in accordance with its terms. It is understood and agreed by each
of the Parties hereto that (i) money damages would not be a sufficient remedy
for any breach of this Agreement by any Party and in any event is not a remedy
available under this Agreement, (ii) each non-breaching Party shall be entitled
to specific performance and injunctive or other equitable relief as a remedy of
any such breach, and (iii) the right to withdraw from this Agreement is a
cumulative remedy to specific performance so long as such Party has not
withdrawn from this Agreement.
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11. No Solicitation. This Agreement is not and shall not be deemed to
be a solicitation for votes in favor of any chapter 11 plan for the Debtors. No
votes for any chapter 11 plan shall be solicited except in accordance with the
terms and conditions of a disclosure statement that has been approved by the
Bankruptcy Court.
12. Further Disposition or Acquisition of Claims. This Agreement shall
in no way be construed to preclude any Party from disposing of or acquiring
claims against the Debtors, RCM or LLC. However, as a condition to any claim
being disposed of, the transferee of the claim shall execute and deliver to the
Co-Proponents a writing in form and substance satisfactory to the Co-Proponents
to the effect that the transferee is bound by the terms of this Agreement or
the disposition shall be void, and any claim acquired by a Party shall
automatically be subject to all of the terms of this Agreement.
13. Notices. All notices, requests, elections, and demands under or in
connection with this Agreement shall be in writing and shall be delivered by
hand, sent by recognized overnight courier, or sent by facsimile or similar
electronic means to the party as set forth under its signature hereto, or to
such other address or facsimile number as such party shall provide to all other
parties hereto in writing, and shall be deemed sent or given hereunder, in the
case of personal delivery or delivery by recognized overnight courier, on the
date of actual receipt, and in the case of transmission by facsimile or similar
electronic means, on the date of actual transmission.
14. Entire Agreement. This Agreement and the Global Plan Term Sheet
(the provisions of which are expressly incorporated herein) constitute the
entire agreement among the Parties as to the subject matter hereof and
supersede all prior and contemporaneous agreements, representations,
warranties, and understandings of the parties, whether oral, written, or
implied, as to the subject matter hereof.
15. Modification; Waiver. No modification or amendment of this
Agreement shall be binding unless executed in writing by (a) the Debtors, (b)
the Official Committee, (c) the Additional Committee, (d) the RCM Trustee, (e)
the RCM Creditors holding at least 75% in amount of the claims of all RCM
Creditors at such date, (f) the Refco Creditors constituting Bondholders (as
such term is defined in the Global Term Sheet), holding a majority in amount of
the claims of all such Refco Creditors at such date and (g) the Refco
Creditors, exclusive of the Indenture Trustee (as such term is defined in the
Global Term Sheet) and Bondholders, holding 75% in amount of the claims of all
Refco Creditors, exclusive of the Indenture Trustee and Bondholders, at such
date. However, (i) the consent of an RCM Creditor or Refco Creditor that holds
a claim of a particular class or type is required if the modification or
amendment treats the claim in a different manner than a claim that another RCM
Creditor or Refco Creditor holds of that class or type, (ii) the consent of the
Super Majority (as defined in the RCM Settlement Agreement) is required if the
RCM Creditors constitute a Super Majority and the modification or amendment
would materially reduce the economic return reasonably anticipated by the RCM
Creditors under the Global Plan, and (iii) the consent of the Lenders and the
Agent is required to modify or amend clause (i) of Section 4, or any of this
Section, Sections 9 through 14 or Sections 16 through 22 to the extent that the
Section relates to clause (i) of Section 4. No waiver of any of the provisions
9
of this Agreement shall be deemed or constitute a waiver of any other
provision, whether or not similar, nor shall any waiver constitute a continuing
waiver. No waiver shall be binding unless executed in writing by the Party
making the waiver.
16. Third-Party Beneficiaries. The Lenders and the Agent are third
party beneficiaries of clause (i) of Section 4, and of this Section, Sections 9
through 15 and Sections 17 through 22 to the extent that the Section relates to
clause (i) of Section 4, without the consent of the Lenders and the Agent.
Except for such rights of the Lenders and the Agent as third party
beneficiaries, nothing contained in this Agreement shall confer any rights or
remedies under or by reason of this Agreement on any person or entity other
than the Parties hereto, nor shall anything in this Agreement relieve or
discharge the obligation or liability of any third party to any Party to this
Agreement.
17. Successors And Assigns. This Agreement shall be binding upon, and
shall inure to the benefit of, each Party hereto and their respective legal
representatives, successors, and assigns, including (in the case of any estate
representative, any successor representative, whether in chapter 11 or chapter
7 of the Bankruptcy Code).
18. Headings. The descriptive headings of the several sections of this
Agreement are inserted for convenience of reference only and do not constitute
a part of this agreement.
19. Interpretation. This Agreement is the product of negotiations
among the parties, and in the enforcement or interpretation hereof, is to be
interpreted in a neutral manner, and any presumption with regard to
interpretation for or against any party by reason of that party having drafted
or caused to be drafted this Agreement, or any portion hereof, shall not be
effective in regard to the interpretation hereof. In case of a conflict between
this Agreement and the Global Term Sheet, the Global Term Sheet shall govern;
provided, however, that the covenants set forth in Section 6 of this Agreement
shall override any inconsistent provision.
20. Counterparts; Fax Signatures. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Delivery of an
executed counterpart of a signature page by facsimile transmission shall be
effective as delivery of a manually executed counterpart.
21. Governing Law. Except to the extent that the Bankruptcy Code or
Bankruptcy Rules are applicable, the rights and obligations arising under this
Agreement shall be governed by, and construed and enforced in accordance with,
the laws of the State of New York applicable to contracts made and performed
entirely within such state.
22. Jurisdiction. By its execution and delivery of this Agreement,
each of the Parties hereto irrevocably and unconditionally agrees that any
legal action, suit, or proceeding against it with respect to any dispute
arising under this Agreement or
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for recognition or enforcement (including specific performance) of any judgment
rendered in any such action, suit or proceeding, shall be brought in the
Bankruptcy Court. By its execution and delivery of this Agreement, each of the
Parties hereto irrevocably accepts and submits itself to the jurisdiction of the
Bankruptcy Court for such purposes and agrees that any such legal action, suit,
or proceeding shall constitute a core proceeding within the meaning of 28 U.S.C.
ss. 157(b)(2).
IN WITNESS WHEREOF, each of the Parties has caused this
Agreement to be executed and delivered as of the date first above written.
Remainder of Page Left Intentionally Blank
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SKADDEN, ARPS, SLATE, MEAGHER Non-Debtor Affiliates of REFCO
& FLOM LLP INC.
By: /s/ J. Gregory Milmoe
------------------------------
J. Gregory Milmoe (JGM 0919)
Sally McDonald Henry (SMH 0839)
Four Times Square
New York, New York 10036 By: /s/ Harrison J. Goldin
(212) 735-3000 -------------------------------
Name: Harrison J. Goldin
Attorneys for Refco Inc. and Affiliated
Debtors in Possession
MARC S. KIRSCHNER, RCM ALBERT TOGUT, LLC TRUSTEE, not
TRUSTEE, not individually but in his individually but in his capacity as chapter 7
capacity as chapter 11 trustee of REFCO trustee of REFCO, LLC, solely for
CAPITAL MARKETS, LTD. purposes of clauses (ii) and (iii) of Section
4, clause (vi) of Section 6 and clause (iii) of
Section 7 and for no other purpose
By: /s/ Marc S. Kirschner
------------------------------ By: /s/ Albert Togut, as Trustee
-----------------------------
Name: Marc S. Kirschner, Trustee
------------------------------ Name:
----------------------------
MILBANK, TWEED, HADLEY & McCLOY LLP KASOWITZ, BENSON, TORRES &
FRIEDMAN LLP
By: /s/ Susheel Kirpalani
---------------------------------
Luc A. Despins (LD 7543) By: /s/ David S. Rosner
Susheel Kirpalani (SK 8926) ---------------------------
Dennis C. O'Donnell (DO 3648) David S. Rosner (DR-4214)
Andrew M. Leblanc (AL 8935) Andrew K. Glenn (AG-9934)
1 Chase Manhattan Plaza Howard W. Schub (HS-1600)
New York, New York 10005-1413 Jeffrey R. Gleit (JG-8710)
Tel: (212) 530-5000 Daniel A. Fliman (DF-2236)
1633 Broadway
Attorneys for Official Committee of New York, New York 10019
Unsecured Creditors of Refco Inc., et al. Phone: 212-506-1700
Attorneys for Additional Committee of
Unsecured Creditors of Refco Inc., et al.
LOEB & LOEB LLP
By: /s/ Walter H. Curchack
-----------------------------
Walter H. Curchack (WH-3177)
William M. Hawkins (WH-1865)
Vadim J. Rubinstein (VR-5896)
345 Park Avenue
New York, New York 10154
(212) 407-4000
Attorneys for Wells Fargo Bank, National
Association, as Indenture Trustee,
solely in its capacity as a member
of the Official Committee
STROOCK & STROOCK & LAVAN LLP STROOCK & STROOCK & LAVAN LLP
By: /s/ Michael J. Sage By: /s/ Michael J. Sage
------------------------ ------------------------------
Michael J. Sage (MS 6998) Michael J. Sage (MS 6998)
Gerald C. Bender (GB 5849) Gerald C. Bender (GB 5849)
Joseph G. Minias (JM 6530) Joseph G. Minias (JM 6530)
180 Maiden Lane 180 Maiden Lane
New York, New York 10038 New York, New York 10038
Telephone: (212) 806-5400 Telephone: (212) 806-5400
Facsimile: (212) 806-6006 Facsimile: (212) 806-6006
Attorneys for D.E. Shaw & Co., LP Attorneys for Esopus Creek Advisors
CLEARY GOTTLIEB STEEN
& HAMILTON LLP
By: /s/ Thomas J. Moloney
-------------------------
Thomas J. Moloney (TM-9775)
Jane Kim
One Liberty Plaza
New York, New York
10006-1470
(212) 225-2000
Attorneys for Inter
Financial Services, Ltd.
CAPITAL MANAGEMENT SELECT
FUND LTD.
/s/ Vytenis Rasutis
---------------------------
By: Vytenis Rasutis
Title: Director
Address for notices:
DICKSTEIN SHAPIRO LLP
Daniel M. Litt (DL-9227;
admitted pro hac vice)
Paul B. Bran (PB-5659;
admitted pro hac vice)
1825 Eye Street, N.W.
Washington, DC 20006-5403
Tel: (202) 420-3144
Fax: (202)-420-2201
Attorneys for Capital
Management Select Fund Ltd.
COLE, SCHOTZ, MEISEL,
FORMAN & LEONARD, P.A.
A Professional Corporation
By: /s/ Joshua Angel
----------------------------
Joshua Angel (JA-3288)
Laurence May, Esq. (LM-9714)
Seth F. Kornbluth, Esq. (SK-4911)
460 Park Avenue
New York, NY 10022-1906
(212) 752-8000
Attorneys for Global
Management Worldwide
Limited; Arbat Equity
Arbitrage Fund Limited;
Russian Investors
Securities Limited; and
Garden Ring Fund Limited
SHUTTS & BOWEN LLP SHUTTS & BOWEN LLP and
LARRY I. GLICK, P.C.
By: /s/ Robert Fracasso
----------------------------
Robert Fracasso (RF-2538) By:
Peter E. Shapiro (PES-4795) ------------------------------
201 South Biscayne Boulevard As attorneys for Altima Capital
1500 Miami Center Management, Inc.
(305) 379-9102
LARRY I. GLICK, P.C.
Larry I. Glick (LG-8665)
1305 Franklin Avenue, Suite 180
Garden City, New York 11530 SHUTTS & BOWEN LLP and
(516) 739-1111 LARRY I. GLICK, P.C.
As attorneys for IDC Financial By:
S.A.; Investment & Development -----------------------------
Finance Corp.; Oslo As attorneys for Banco Uno S.A.-
International S.A.; Alfredo Panama; Banco Uno S.A.- El
Skinner Klee and Alexandra Sol Salvador; Banco Uno, S.A.
de Skinner-Klee; Ernesto Ruiz Nicaragua; and Banco Uno S.A.-
Sinibaldi; Christian Klose Guatemala
Pieters and Aida Margarita Rosales
de Klose; Ballery Holdings; and
Bilston International Inc.
SHUTTS & BOWEN LLP and SHUTTS & BOWEN LLP and
LARRY I. GLICK, P.C. LARRY I. GLICK, P.C.
By: By:
-------------------------------- -----------------------------
As attorneys for Servicios Generales As attorneys for INS-Bancredito
Bursatiles, S.A. de C.V. Valores Puesto de Bolsa, S.A.
HUGHES HUBBARD & REED LLP
By: /s/ James W. Giddens
------------------------
James W. Giddens (JG-0235)
James B. Kobak, Jr. (JK-1218)
Christopher K. Kiplok (CK-5039)
Jeffrey S. Margolin (JM-4853)
One Battery Park Plaza
New York, New York 10004
Telephone: (212) 837-6000
Facsimile: (212) 422-4726
Attorneys for Mrs.
Josefina Franco Siller
KATTEN MUCHIN ROSENMAN LLP
By: /s/ Jeff J. Friedman
-----------------------------
Jeff J. Friedman (JF-7661)
575 Madison Avenue
New York, New York
10022-2585
Telephone: (212) 940-8800
Facsimile: (212) 940-8776
Attorneys for
Lyxor/Estlander & Ronnlund
Fund Ltd.; Lyxor/Beach
Discretionary Fund
Ltd.; and Societe Generale S.A.
CHADBOURNE & PARKE LLP
By: /s/ Christy L. Rivera
-------------------------
Howard Seife (HS 7995)
Christy L. Rivera (CR 8895)
30 Rockefeller Plaza
New York, NY 10112
Tel: (212) 408-5100
Fax: (212) 408-5369
Attorneys for Carlos
Sevilleja; Cosmorex, Ltd.;
and Creative Finance Limited
FAEGRE & BENSON LLP
By: /s/ Stephen M. Mertz
--------------------------
Michael B. Fisco (#175341)
Stephen M. Mertz (#212131)
Abby E. Wilkinson (#0313981)
2200 Wells Fargo Center
90 South Seventh Street
Minneapolis, MN 55402-3901
Telephone: (612) 766-7000
Facsimile: (612) 766-1600
Attorneys for Cargill
Financial Services
Corporation; Cargill
Global Funding PLC;
Cargill, Incorporated; and Cargill
Meat Solutions Corporation
(formerly Excel Corporation)
EVEREST ASSET MANAGEMENT INC.
/s/ Peter Lamoureux
---------------------------
By: Peter Lamoureux
Title: President
Address for notices:
HENDERSON & LYMAN
Douglas E. Arend
175 West Jackson Boulevard
Suite 240
Chicago, IL 60604
Tel: (312) 986-6960
Fax: (312) 986-6960
Attorneys for Everest Asset
Management Inc.
SIDLEY AUSTIN LLP
By: /s/ Guy S. Neal
-------------------
Guy Neal
1501 K Street, N.W.
Washington, D.C. 20005
Tel: (202) 736-8041
Fax: (202) 736-8711
Brian Krakauer
One South Dearborn Street
Chicago, IL 60603
Tel: (312) 853-7515
Fax: (312) 853-7036
Attorneys for Rogers Raw Materials
Fund, L.P. and Rogers
International Raw Materials
Fund, L.P.
HOGAN & HARTSON L.L.P.
By: /s/ Ira S. Greene
----------------------
Ira S. Greene (IG-2315)
Scott A. Golden (SG-6663)
875 Third Avenue
New York, NY 10022
Telephone: (212) 918-3000
Facsimile: (212) 918-3100
Attorneys for Premier Bank
International N.V. and Banco de
Hipotecario de Inversion Turistica
de Venezuela as trustee of
Fideicomiso Federal Forex
Investment
CHADBOURNE & PARKE LLP
By: /s/ Joseph H. Smolinsky
---------------------------
Joseph H. Smolinsky (JS-8408)
30 Rockefeller Plaza
New York, NY 10112
Tel: (212) 408-5100
Fax: (212) 408-5369
Attorneys for Markwood
Investments Ltd.
EXECUTION VERSION
SCHEDULE 1
RCM CREDITORS
Inter Financial Services, Ltd.
Capital Management Select Fund Ltd.
Global Management Worldwide Limited
Arbat Equity Arbitrage Fund Limited
Russian Investors Securities Limited
Garden Ring Fund Limited
VR Global Partners, L.P.
Paton Holdings Ltd.
VR Capital Group Ltd.
VR Argentina Recovery Fund, Ltd.
Mrs. Josefina Franco Siller
Lyxor/Estlander & Ronnlund Fund Ltd.
Lyxor/Beach Discretionary Fund Ltd.
Societe Generale S.A.
Carlos Sevilleja
Cosmorex, Ltd.
Creative Finance Limited
Cargill Financial Services Corporation
Cargill Global Funding PLC
Cargill, Incorporated
Cargill Meat Solutions Corporation (formerly Excel Corporation)
Everest Asset Management Inc.
Rogers Raw Materials L.P.
Rogers International Raw Materials Fund, L.P.
SCHEDULE 2
LLC CLAIMS SCHEDULE
[Enlarge/Download Table]
RCM Proofs of Claim
Chart 1
Refco, LLC
Potential RCM Settlement Parties
Data as of: August 30, 2006
Claim Creditor Claim Amount Counsel
Number -------- ------------ -------
------
I. RCM Customers
----------------
-------------------------------------------------------------------------------------------------------------------------
498 MULTI CREDIT BANK INC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
499 LATIN AMERICA CONSULTING LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
500 ACUROB INVESTMENT AG Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
501 LEBO CAPITAL MANAGEMENT LLC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
502 KEYWAY INVESTMENTS LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
503 INVESDEX CAPITAL LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
504 INVERSIONES Y VALORES SA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
505 GOREY FINANCE INC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
506 GRUPO INTERBOLSA SA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
507 GLOBAL OARTNERS EMERGING MARKETS SA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
508 FONDO COMUN CASA DE BOLSA CA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
509 DUFIL INVESTMENT SA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
510 DRESDEN DEVELOPMENT INC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
511 DOVER COMMODITIES CORPORATION Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
512 COSMOREX LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
513 CLAU CORPORATION CLAU CORPORATION OVERSEAS LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
514 BANESCO HOLDING CA (SEE NOTES) Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
515 AFC ALMIRON ALMIRON FIANCE CORPORATION Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
516 ARCADIA HILL INC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
517 LA PRIMERA CASA DE BOLSA CA (SEE NOTES) Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
518 NBK INVESTMENT LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
519 TWOKAY HOLDING INC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
520 WISDOM GLOBAL INVESTMENT LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
521 UNION HOLDING COMPANY INC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
522 TRANS-EUROPA TRANSLATIONS NETWORK LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
523 TOTALBANK CURACAO NV Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
524 BRADLEY C REIFLER Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
525 CARLOS ALBERTO NAGEL MARKOVIC Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
526 MISTYRISE INTERNATIONAL LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
527 MARKWOOD INVESTMENTS LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
528 MULTIPLICAS CASA DE BOLSA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
529 MULTI CREDIT BANK INC $71,906.00 Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
530 MIURA FINANCIAL SERVICES Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
531 INTERSEC CASA DE BOLSA CA Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
532 JAVIER LOPEZ AND JULIETA JURADO Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
533 ALTERNATIVE INVESTMENTS FUND LTD Chadbourne & Parke
-------------------------------------------------------------------------------------------------------------------------
263 ODYSSEA FUND BV $315,501.13 Halperin Battaglia Raicht, LLP
-------------------------------------------------------------------------------------------------------------------------
264 CHADWICK FOUNDATION $118,545.67 Halperin Battaglia Raicht, LLP
-------------------------------------------------------------------------------------------------------------------------
395 BANCO DE AMERICA CENTRAL SA $5,830,717.66 Hogan & Hartson
-------------------------------------------------------------------------------------------------------------------------
396 BAC INTERNATIONAL BANK INC $10,912,823.78 Hogan & Hartson
-------------------------------------------------------------------------------------------------------------------------
429 SLAYDEN TRADING COMPANY LLC $463,895.09 Jeff J. Friedman, Esq.
-------------------------------------------------------------------------------------------------------------------------
418 DEPOSITORY INC $69,877.93 Josh Angel
-------------------------------------------------------------------------------------------------------------------------
419 NEWCASTLE BUSINESS HOLDING INC $5,328,480.26 Josh Angel
-------------------------------------------------------------------------------------------------------------------------
387 PCMG TRADING PARTNERS XII LP $17,196,802.95 Katten Muchin
-------------------------------------------------------------------------------------------------------------------------
388 LYXOR/BEACH DISCRETIONARY FUND LTD $7,696,965.14 Katten Muchin
-------------------------------------------------------------------------------------------------------------------------
427 KALKHOVEN/PETTIT #2 TRADING PARTNERS LP $10,320,069.44 Katten Muchin
-------------------------------------------------------------------------------------------------------------------------
428 LYXOR/ESTLANDER & RONNLUND FUND LTD $5,029,269.03 Katten Muchin
-------------------------------------------------------------------------------------------------------------------------
426 ABADI & CO SECURITIES $41,288,820.08 Kaye Scholer
-------------------------------------------------------------------------------------------------------------------------
299 FIMEX INTERNATIONAL LIMITED N/A
-------------------------------------------------------------------------------------------------------------------------
316 MIGUEL SAUMA Shutts & Bowen
-------------------------------------------------------------------------------------------------------------------------
317 VICTOR MANUEL HOYOS Shutts & Bowen
-------------------------------------------------------------------------------------------------------------------------
246 IDS MANAGED FUTURES II LP Stephen D. Lerner, Esq.
-------------------------------------------------------------------------------------------------------------------------
490 IDS MANAGED FUND LLC $3,267,928.79 Stephen D. Lerner, Esq.
-------------------------------------------------------------------------------------------------------------------------
493 JWH GLOBAL TRUST $56,544,205.40 Stephen D. Lerner, Esq.
-------------------------------------------------------------------------------------------------------------------------
495 IDS MANAGED FUTURES LP $8,326,047.12 Stephen D. Lerner, Esq.
-------------------------------------------------------------------------------------------------------------------------
410 ROVIDA HOLDINGS LTD $31,004,999.00 White & Case
-------------------------------------------------------------------------------------------------------------------------
411 RR INVESTMENT COMPANY LTD $41,953,550.00 White & Case
-------------------------------------------------------------------------------------------------------------------------
489 REFCO ADVANTAGE MULTI-MANAGER FUND $41,711,139.00 William Sugden, Esq.
-------------------------------------------------------------------------------------------------------------------------
492 TAU 28 FUND LTD $4,238,735.00 William Sugden, Esq.
-------------------------------------------------------------------------------------------------------------------------
(cont'd on page 2)
Notes
-----
PLEASE SEE PAGE 3 FOR NOTES
Preliminary work product. Not to be relied upon. Confidential Pagem 1/3
[Enlarge/Download Table]
RCM Proofs of Claim
Chart 1
Refco, LLC
Potential RCM Settlement Parties
Data as of: August 30, 2006
Claim Creditor Claim Amount Counsel
Number -------- ------------ -------
------
--------------------------------------------------------------------------------------------------------------------
494 REFCO DIVERSIFIED FUTURES FUND $27,328,612.00 William Sugden, Esq.
--------------------------------------------------------------------------------------------------------------------
249 CATAMOUNT DIVERSIFIED MANAGERS FUND II LTD $997,188.68 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
250 RPM RISK & PORTFOLIO MANAGEMENT AB $33,677.21 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
287 BAYERISCHE HYPO-UND VEREINSBANK AG $534,570.49 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
288 EUROPEAN SICAV ALLIANCE-INSULATE $12,996,097.32 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
291 NIKKO FUTURES FUND $1,355,107.71 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
294 WINTERBOTHAM TRUST CO LTD $550,735.00 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
382 DENIZBANK AS $332,743.00 Arnold & Porter
--------------------------------------------------------------------------------------------------------------------
169 COUNTACH INVESTMENTS LTD $72,829.72 Braun & Goldberg
--------------------------------------------------------------------------------------------------------------------
170 COUNTACH INVESTMENTS LTD $117.42 Braun & Goldberg
--------------------------------------------------------------------------------------------------------------------
425 BOLTON INVESTMENT GROUP LP $1,588,736.82 Jeff J. Friedman, Esq.
--------------------------------------------------------------------------------------------------------------------
195 YMC BOND ENHANCED YIELD FUND LTD $2,248,592.40 N/A
--------------------------------------------------------------------------------------------------------------------
248 BOSTON FINANS AS $121,088.94 N/A
--------------------------------------------------------------------------------------------------------------------
$339,850,375.18
II. Sphinx
------------
412 MASONIC MEDICAL RESEARCH LABORATORY $3,600,000.00 N/A
485 TRUSTEES OF MASONIC HALL & ASYLUM FUND AND $34,860,937.00 Bond Schoenick & King PLLC
486 SPHINX MANAGED FUTURES INDEX FUND LP $39,005,537.00 Bond Schoenick & King PLLC
Pillsbury Winthrop Shaw Pittman
391 SPHINX MANAGED FUTURES FUND SPC AND EACH Pillsbury Winthrop Shaw Pittman
392 EACH ENTITY LISTED ON EXHIBIT 1 TO ATTACHMENT A Pillsbury Winthrop Shaw Pittman
406 SPHINX MANAGED FUTURES FUND SPC AND SPHINX 4,312,945.43 Pillsbury Winthrop Shaw Pittman
407 SPHINX MANAGED FUTURES FUND ET AL Pillsbury Winthrop Shaw Pittman
$ 81,779,419.43
Total $421,629,794.61
==============================================================================
Notes
-----
PLEASE SEE PAGE 3 FOR NOTES
Preliminary work product. Not to be relied upon. Confidential Pagem 2/3
[Enlarge/Download Table]
RCM Proofs of Claim
Chart 2
Refco, LLC
Potential RCM Settlement Parties
Data as of: August 30, 2006
Claim Creditor Claim Amount Counsel
Number -------- ------------ -------
------
I. Settlement RCM Parties
--------------------------
-------------------------------------------------------------------------------------------------------------------------
466 PATON HOLDINGS LTD Akin Gump
-------------------------------------------------------------------------------------------------------------------------
467 VR ARGENTINA RECOVERY FUND LTD Akin Gump
-------------------------------------------------------------------------------------------------------------------------
468 VR CAPITAL GROUP LTD Akin Gump
-------------------------------------------------------------------------------------------------------------------------
469 VR GLOBAL PARTNERS LP Akin Gump
-------------------------------------------------------------------------------------------------------------------------
383 INTER FINANCIAL SERVICES LTD $154,818,649.00 Cleary Gottlieb Steen & Hamilton, LLP
-------------------------------------------------------------------------------------------------------------------------
267 CAPITAL MANAGEMENT SELECT FUND LTD $116,271,904.69 Dickstein Shapiro, LLP
-------------------------------------------------------------------------------------------------------------------------
393 PREMIER BANK INTERNATIONAL NV $243,696,260.52 Hogan & Hartson, LLP
-------------------------------------------------------------------------------------------------------------------------
394 BANCO DE HIPOTECARIO DE INVERSION TURISTICA $750,808.18 Hogan & Hartson, LLP
-------------------------------------------------------------------------------------------------------------------------
399 HEPTAGON FINANCIAL PLANNERS LTD Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
400 BROOKE FINANCIAL SERVICES LTD Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
401 LATINA SEGUROS Y REASEGUROS SA Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
402 HEPTAGON FINANCIAL SERVICES INC Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
403 SUL AMERICA COMPANIA DE SEGUROS DEL ECUADOR CA Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
404 SUD AMERICA DE SEGUROS CA Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
405 TURISOL CASA DE CAMBIO CA Holland & Knight
-------------------------------------------------------------------------------------------------------------------------
389 RUSSIAN INVESTORS SECURITIES LIMITED $9,920,505.00 Josh Angel
-------------------------------------------------------------------------------------------------------------------------
415 GLOBAL MANAGEMENT WORLDWIDE LIMITED $35,264,313.00 Josh Angel
-------------------------------------------------------------------------------------------------------------------------
416 GARDEN RING FUND LIMITED $9,991,727.09 Josh Angel
-------------------------------------------------------------------------------------------------------------------------
417 ARBAT EQUITY ARBITRAGE FUND LIMITED $19,421,841.00 Josh Angel
-------------------------------------------------------------------------------------------------------------------------
289 CORPOREX INVESTMENTS LLC $331,223.00 N/A Paul Hemsath
-------------------------------------------------------------------------------------------------------------------------
384 RB SECURITIES LIMITED $63,541,275.00 Pillsbury Winthrop Shaw Pittman
-------------------------------------------------------------------------------------------------------------------------
318 ALTIMA CAPITAL MANAGEMENT INC Shutts & Bowen
-------------------------------------------------------------------------------------------------------------------------
319 INS BANCREDITO VALORES PUESTO DE BOLSA SA Shutts & Bowen
-------------------------------------------------------------------------------------------------------------------------
320 SERVICIOS GENERALES BURSATILES SA DE CV Shutts & Bowen
-------------------------------------------------------------------------------------------------------------------------
453 BANCO REFORMADOR SA Shutts & Bowen
-------------------------------------------------------------------------------------------------------------------------
454 TRANSCOM BANK BARBADOS LTD 