HighPoint Resources Corporation, along with its affiliates, filed a pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on March 14, 2021. As per the plan filed, administrative claims, professional fee claims, priority tax claims, trustee fees and other priority claims of $0.4 million, shall be paid in full in cash. Other secured claims of $34.4 million shall be paid in full in cash or shall receive collateral securing such claim or shall have its claims reinstated. RBL claims of $140.3 million shall be settled in full. Notes claims of $641 million shall be recovered between 48%-62% and shall receive its pro rata share of 9,314,214 shares of BCEI common stock and $100 million in principal amount of the new take back notes. General unsecured claims of $14.6 million shall be paid in full in cash or shall be reinstated. Intercompany claims and intercompany interests shall be reinstated. Existing HPR interests shall receive pro rata share of BCEI common stock, which will constitute approximately 1.6% of the fully diluted aggregate outstanding shares of BCEI common stock after giving effect to the merger. Section 510(b) claims shall be cancelled. The plan shall be funded through cash, sale of assets, issue of new take back notes, exit RBL loan facility not less than $250 million and issue of BECI common stock.