(In thousands)

Assets Received:

Cash proceeds

$

350,000

Receivable from Searchlight, net of discount of $612

74,388

Less: Issuance costs

(14,474)

Total consideration

$

409,914

Assets Exchanged:

6,352,842 shares of common stock, par value $0.01 per share, net of issuance costs of $1,473

$

26,779

CPR for 16.9% additional shares of common stock

79,469

CPR for 10.1% additional shares of common stock

67,221

Convertible security interest issued as unsecured subordinated note right, net of discount of $146,018 and issuance costs of $13,001

236,445

$

409,914