X0306 4 2017-12-04 0 0001122063 FTE Networks, Inc. FTNW 0001665167 LATERAL INVESTMENT MANAGEMENT, LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001665214 Lateral FTE Feeder LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001660532 Lateral U.S. Credit Opportunities Fund, L.P. 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001665168 Lateral Credit Opportunities, LLC 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001662203 de Silva Richard 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 0001723000 Feeney Patrick James 1825 SOUTH GRANT STREET, SUITE 210 SAN MATEO CA 94402-2672 0 0 1 0 Common Stock 2017-12-04 4 J 0 350538 A 701076 I See footnotes Common Stock 2017-12-04 4 J 0 350538 D 701076 I See footnotes Contractual right to receive Common Stock 2017-12-04 4 J 0 135986 D Common Stock 135986 1127739 I See footnotes Contractual right to receive Common Stock 2017-12-04 4 J 0 135986 A Common Stock 135986 1127739 I See footnotes Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. are the record holder of 486,524 shares, 254,734 shares, and 811,104 shares of Common Stock of the Issuer, respectively. In connection with certain lending arrangements, Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. hold certain contractual rights to be issued Common Stock, however, such shares have not yet been issued as of the date of this filing. Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC, and Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Investment Management, LLC. (Continued from Footnote 1) As a result of the foregoing relationships, each of Lateral Investment Management, LLC, Dhamitha Richard de Silva and Patrick Feeney may be deemed to beneficially own the shares of Common Stock held by Lateral FTE Feeder LLC. On December 4, 2017, Lateral Investment Management, LLC served as the intermediary in a transaction between certain of Lateral FTE Feeder LLC's limited partners, and as a result, was, temporarily, a 100.0% owner of Lateral FTE Feeder LLC. The filing is being made to report the temporary change in pecuniary interest of Lateral Investment Management, LLC as a result of their direct ownership in Lateral FTE Feeder LLC. As of the date of this filing, Lateral Investment Management, LLC owns no interests in the other reporting persons. (Continued from Footnote 2) Lateral Investment Management, LLC has a management agreement with Lateral U.S. Credit Opportunities Fund, L.P.; Lateral Credit Opportunities, LLC is the sole general partner of Lateral U.S. Credit Opportunities Fund, L.P.; and Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Credit Opportunities, LLC. As a result of the foregoing relationships, each of Lateral Investment Management, LLC; Lateral Credit Opportunities, LLC; Dhamitha Richard de Silva and Patrick Feeney may be deemed to beneficially own the shares of Common Stock held by Lateral U.S. Credit Opportunities Fund, L.P. Lateral Investment Management, LLC is the sole manager of Lateral FTE Feeder LLC and has a management agreement with Lateral U.S. Credit Opportunities Fund, L.P. Lateral Credit Opportunities, LLC is the sole general partner of Lateral U.S. Credit Opportunities Fund, L.P. Dhamitha Richard de Silva and Patrick Feeney are the sole managers of Lateral Investment Management, LLC and Lateral Credit Opportunities, LLC. The right to receive Common Stock reported above is held by Lateral FTE Feeder LLC, Lateral Investment Management, LLC and Lateral U.S. Credit Opportunities Fund, L.P. The Reporting Persons filing this Form 4 jointly are the following: Lateral Investment Management, LLC; Lateral FTE Feeder LLC; Lateral U.S. Credit Opportunities Fund, L.P.; Lateral Credit Opportunities, LLC; Dhamitha Richard de Silva and Patrick Feeney. The address of each of the Reporting Persons is 1825 South Grant Street, Suite 210, San Mateo, CA 94402-2672. Kenneth Masters no longer has voting control of any of the reporting persons and, as a result, has been removed as a reporting person. /s/ Dhamitha Richard de Silva 2017-12-20