X0306 4 2017-07-12 1 0001620179 Exela Technologies, Inc. XELA 0001562645 Yanai Shlomo C/O QUINPARIO PARTNERS LLC 12935 N. FORTY DRIVE, SUITE 201 ST. LOUIS MO 63141 1 0 0 0 Common Stock 2017-07-12 4 D 0 29500 D 20500 D To facilitate a business combination involving the Issuer, SourceHOV Holdings, Inc. and Novitex Holdings Inc., which closed July 12, 2017 (the "Business Combination"), Mr. Yanai forfeited to the Issuer 29,500 shares of common stock. No consideration was received by Mr. Yanai for the disposition. Also in connection with the Business Combination, Mr. Yanai resigned his position as a director of the company effective the closing date, and as such, Mr. Yanai is no longer subject to the reporting obligations under Section 16 with respect to the Issuer. Mr. Yanai disclaims beneficial ownership in shares held by Quinpario Partners 2, LLC, except to the extent of his pecuniary interest therein. /s/ Shlomo Yanai 2017-07-14