X0206 3 2018-02-09 0 0001040719 DITECH HOLDING Corp DHCP 0001655028 Deer Park Road Management Company, LP 1195 BANGTAIL WAY STEAMBOAT SPRINGS CO 80487 true 0001702367 Deer Park Road Management GP, LLC 1195 BANGTAIL WAY STEAMBOAT SPRINGS CO 80487 true 0001702490 Deer Park Road Corp 1195 BANGTAIL WAY STEAMBOAT SPRINGS CO 80487 true 0001702931 Craig-Scheckman Michael David 1195 BANGTAIL WAY STEAMBOAT SPRINGS CO 80487 true 0001721440 AgateCreek LLC 1195 BANGTAIL WAY STEAMBOAT SPRINGS CO 80487 true 0001721438 Burg Scott Edward 1195 BANGTAIL WAY STEAMBOAT SPRINGS CO 80487 true Common Stock 17538 I See footnotes Series A Warrant (right to buy) 20.63 2018-02-09 2028-02-09 Common Stock 29880 I See footnotes Series B Warrant (right to buy) 28.25 2018-02-09 2028-02-09 Common Stock 23709 I See footnotes Mandatorily Convertible Preferred Stock 8.6975 2018-02-09 2023-02-09 Common Stock 926353 I See footnotes These shares of the Issuer's common stock ("Shares") are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd. Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael David Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the sole owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each share of Mandatorily Convertible Preferred Stock ("Preferred Stock") is convertible into 114.9750 Shares (i) at the election of the holder and (ii) as a class in its entirety, in whole but not in part, at the option of the holders of 66 2/3% of the Preferred Stock then outstanding. The Preferred Stock is also mandatorily convertible at the earliest of (i) February 9, 2023, (ii) at any time following February 9, 2019, the time that the volume weighted average pricing of the Shares exceeds 150% of the conversion price per Share for at least 45 trading days in a 60 consecutive trading day period, including each of the last 20 days in such 60 consecutive trading day period, and (iii) a change of control transaction in which the consideration paid or payable per Share is greater than or equal to $8.6975. Deer Park Road Management Company, LP, By: Deer Park Road Management GP, LLC its general partner, By: Deer Park Road Corporation, its managing member, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer 2018-02-20 Deer Park Road Management GP, LLC, By: Deer Park Road Corporation, its managing member, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer 2018-02-20 Deer Park Road Corporation, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer 2018-02-20 /s/ Michael David Craig-Scheckman 2018-02-20 AgateCreek LLC, By: /s/ Scott Edward Burg, Sole Member 2018-02-20 /s/ Scott Edward Burg 2018-02-20