Horsehead Holding (HRRS) 8-K Entry into a Material Definitive Agreement

Exhibit 99.1

HORSEHEAD

WEEKLY CASH FLOW - 12th REVISED

CONSOLIDATED SUMMARY - HORSEHEAD,

MOORSEBORO, INMETCO & ZOCHEM

Week #	ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL
Week Ending	02/06/16			02/13/16			02/20/16			02/27/16			03/05/16			03/12/16			03/19/16			03/26/16			04/02/16			04/09/16			04/16/16			04/23/16
RECEIPTS:
Trade Receipts - Horsehead + HMP	$	2,204,969		$	3,496,119		$	4,203,666		$	3,865,903		$	3,769,105		$	2,799,851		$	4,610,365		$	2,949,015		$	2,537,834		$	2,698,446		$	4,038,339		$	4,294,886
Trade Receipts - Inmetco		346,555			1,019,963			514,336			1,094,928			64,261			921,303			768,620			496,375			350,234			454,486			895,777			1,354,987
Trade Receipts - Zochem		1,583,967			1,055,696			2,449,634			1,571,297			2,336,212			1,778,098			2,568,664			1,440,627			1,977,179			2,035,770			3,280,488			1,965,146
Other (HST, Insurance proceeds, Grants, etc.)		13			171			816,735			21,710			8,580			5,025			1,614			767,220			12,470			41,717			—			979,613
Total Operating Receipts	$	4,135,504		$	5,571,948		$	7,984,371		$	6,553,837		$	6,178,159		$	5,504,278		$	7,949,263		$	5,653,236		$	4,877,717		$	5,230,419		$	8,214,604		$	8,594,632
DISBURSEMENTS:
Purchases		837,873			3,289,325			2,310,679			2,645,213			2,763,408			3,060,147			2,890,598			2,954,587			2,826,593			3,138,512			3,159,107			3,394,354
Payroll & Taxes		37,665			1,125,345			878,033			1,123,999			471,176			889,039			550,174			508,035			1,428,923			449,571			1,140,055			397,051
Benefits		—			501,887			131,805			40,439			417,401			327,530			328,825			149,720			164,548			319,040			234,565			157,095
CapEx - Horsehead, Inmetco, Zochem		—			—			—			—			89,740			14,658			77,908			—			173,843			209,996			—			240,262
CapEx - Mooresboro, NC		—			—			—			—			—			—			—			—			87,855			—			—			—
Contract Services		15,010			104,456			171,532			182,416			494,948			402,703			530,601			297,534			435,328			817,858			793,563			942,024
Freight		—			131,322			210,022			805,367			984,371			786,616			1,483,359			867,905			634,925			981,801			1,275,136			809,997
Insurance		206,037			177,835			127,266			299,109			309,823			6,363			37,938			63,499			257,972			18,753			26,123			58,175
Utilities		10,796			458,604			32,946			67,297			186,996			171,009			124,456			210,817			218,245			619,733			371,435			480,209
Supplies		—			36,258			224,493			235,256			532,283			241,689			428,606			269,786			317,805			412,083			395,164			348,070
Miscellaneous		42,680			28,538			179,905			81,247			126,757			102,382			64,629			68,376			49,130			52,031			48,297			227,660
Other Operating Costs		—			790,065			78,499			78,616			22,738			78,452			39,558			14,991			76,670			123,882			40,948			29,862
Discretionary Improvement Spending		—			—			—			—			—			—			—			—			—			—			—			—
Hedge Settlements		—			—			—			—			—			—			—			—			—			—			—			—
Leases		—			—			14,362			25,777			—			782			233,872			15,849			14,875			—			14,545			—
Total Professional Fees		—		$	1,087,392			—			—			—			—		$	406,708		$	203,990			—		$	1,196,617		$	92,108		$	191,088
Total Operating Disbursements	$	1,150,061		$	7,731,028		$	4,359,542		$	5,584,737		$	6,399,640		$	6,081,370		$	7,197,232		$	5,625,089		$	6,686,712		$	8,339,876		$	7,591,046		$	7,275,846
Recapitalization & Financing
DIP Fees		—			4,050,000			—			—			429,222			—			—			—			672,639			—			—			—
Macquarie Interest														—			—			194,469			—			—			223,558			—			—
UST fees & Fee Examiner		—			—			—			—			—			—			—			—			—			—			—			—
Recycling Entity Buyout (including interest)		—			—			—			—			—			—			—			—			—			—			—			—
PNC Early Termination Fee		—			1,000,000			—			—			—			—			—			—			—			—			—			—
PNC Facility Repayment					17,677,793
Total Recapitalization & Financing		—			22,727,793			—			—			429,222			—			194,469			—			672,639			223,558			—			—
Other Bankruptcy Related Expenditures
KEIP		—			—			—			—			—			—			—			—			—			—			—			—
Utility Deposits		—			—			781,500			(200,000	)		40,142			52,500			—			39,172			—			—			—			—
503(b)(9) Payments		—			—			—			—			—			—			—			197,338			—			—			3,780			39,725
Critical Vendors - Freight		—			250,000			378,808			252,100			—			97,138			144,302			130,681			239,011			112,057			68,543			161,894
Critical Vendors - Material Vendors		—			—			—			—			—			—			—			—			—			—			—			—
Total Other Expenditures		—			250,000			1,160,308			52,100			40,142			149,638			144,302			367,191			239,011			112,057			72,323			201,619
Total Disbursements	$	1,150,061		$	30,708,821		$	5,519,849		$	5,636,837		$	6,869,004		$	6,231,008		$	7,536,003		$	5,992,280		$	7,598,362		$	8,675,491		$	7,663,369		$	7,477,465
Net Cash Flow Before DIP Facility Drawdown		2,985,443			(25,136,873	)		2,464,522			917,000			(690,845	)		(726,729	)		413,260			(339,045	)		(2,720,645	)		(3,445,072	)		551,234			1,117,167
DIP Facility Drawdown		—			31,800,000			—			6,700,000			4,000,000			—			—			—									—
Net Cash Flow	$	2,985,443		$	6,663,127		$	2,464,522		$	7,617,000		$	3,309,155		$	(726,729	)	$	413,260		$	(339,045	)	$	(2,720,645	)	$	(3,445,072	)	$	551,234		$	1,117,167
Cash
Beginning Cash		2,662,652			5,648,095			12,311,222			14,775,743			22,392,744			25,701,898			24,975,169			25,388,429			25,049,385			22,328,740			18,883,667			19,434,902
Net Cash		2,985,443			6,663,127			2,464,522			7,617,000			3,309,155			(726,729	)		413,260			(339,045	)		(2,720,645	)		(3,445,072	)		551,234			1,117,167
Ending Cash	$	5,648,095		$	12,311,222		$	14,775,743		$	22,392,744		$	25,701,898		$	24,975,169		$	25,388,429		$	25,049,385		$	22,328,740		$	18,883,667		$	19,434,902		$	20,552,068
Open Accounts Payable - Beginning Balance		—			1,129,000			2,258,000			3,387,000			3,387,000			3,387,000			3,387,000			3,387,000			4,195,449			4,195,449			4,195,449			9,195,449
New Purchases		2,279,061			8,860,028			6,648,849			5,636,837			6,869,004			6,231,008			7,536,003			6,800,729			7,598,362			8,675,491			12,663,369			7,477,465
Disbursements		(1,150,061	)		(7,731,028	)		(5,519,849	)		(5,636,837	)		(6,869,004	)		(6,231,008	)		(7,536,003	)		(5,992,280	)		(7,598,362	)		(8,675,491	)		(7,663,369	)		(7,477,465	)
Ending Balance		1,129,000			2,258,000			3,387,000			3,387,000			3,387,000			3,387,000			3,387,000			4,195,449			4,195,449			4,195,449			9,195,449			9,195,449
DIP Schedule
Facility Size		90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000
Beginning Balance		—			—			31,800,000			31,800,000			38,500,000			42,500,000			42,500,000			42,500,000			42,500,000			42,500,000			42,500,000			42,500,000
Draw / (Repaid)		—			31,800,000			—			6,700,000			4,000,000			—			—			—			—			—			—			—
Ending Balance		—		$	31,800,000		$	31,800,000		$	38,500,000		$	42,500,000		$	42,500,000		$	42,500,000		$	42,500,000		$	42,500,000		$	42,500,000		$	42,500,000		$	42,500,000
Availability	$	90,000,000		$	58,200,000		$	58,200,000		$	51,500,000		$	47,500,000		$	47,500,000		$	47,500,000		$	47,500,000		$	47,500,000		$	47,500,000		$	47,500,000		$	47,500,000

Week #	ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL				ACTUAL			ACTUAL			ACTUAL			ACTUAL			ACTUAL
Week Ending	04/30/16			05/07/16			05/14/16			05/21/16			05/28/16			06/04/16			06/11/16				06/18/16			06/25/16			07/02/16			07/09/16			07/16/16
RECEIPTS:
Trade Receipts - Horsehead + HMP	$	3,744,332		$	3,721,412		$	2,928,104		$	3,131,138		$	3,291,371		$	2,510,834		$	2,919,502			$	2,967,657		$	2,893,086		$	3,646,671		$	2,009,555		$	4,451,517
Trade Receipts - Inmetco		270,427			1,012,509			258,026			972,571			896,548			70,995			1,176,088				414,516			1,028,764			754,032			456,637			544,368
Trade Receipts - Zochem		1,724,231			2,418,036			1,111,943			3,456,969			1,955,873			2,102,042			2,299,098				4,280,896			2,478,241			1,364,429			2,896,108			3,421,437
Other (HST, Insurance proceeds, Grants, etc.)		13,032			(27,335	)		8,075			(5,479	)		1,120,783			2,212			6,385				(11,370	)		(7,740	)		970,958			(19,799	)		5,940
Total Operating Receipts	$	5,752,022		$	7,124,622		$	4,306,148		$	7,555,200		$	7,264,575		$	4,686,081		$	6,401,074			$	7,651,699		$	6,392,351		$	6,736,090		$	5,342,501		$	8,423,262
DISBURSEMENTS:
Purchases		2,541,538			3,214,681			3,275,723			2,996,725			2,991,305			3,035,514			3,105,646				2,699,123			3,490,543			3,171,254			2,989,255			3,174,510
Payroll & Taxes		839,060			422,013			1,014,499			439,833			954,201			418,273			302,316				1,080,559			315,334			1,051,464			295,009			1,048,682
Benefits		514,174			158,836			268,477			191,964			212,834			285,810			218,835				301,165			123,125			238,349			163,165			311,652
CapEx - Horsehead, Inmetco, Zochem		190,000			—			96,934			872,042			32,838			524,318			38,172				—			27,293			—			—			61,846
CapEx - Mooresboro, NC		—			—			—			51,726			—			—			—				—			—			—			—			—
Contract Services		570,077			600,438			1,229,378			487,584			735,964			453,707			427,934				598,719			610,839			611,997			693,133			1,016,841
Freight		650,601			1,096,808			1,042,028			1,178,219			957,854			916,633			774,383				1,259,270			845,393			653,873			952,693			900,996
Insurance		32,362			319,542			18,702			13,452			27,891			187,823			232,325				26,371			1,209,821			126,427			16,835			—
Utilities		211,775			434,822			543,186			193,890			271,304			154,303			445,304				903,830			(157,464	)		131,905			424,534			374,143
Supplies		267,465			454,140			505,399			292,832			476,349			397,501			380,530				482,840			543,940			370,092			482,727			804,187
Miscellaneous		71,432			153,854			125,893			174,638			95,484			16,178			240,496				161,012			201,979			(115,232	)		73,532			462,513
Other Operating Costs		85,898			90,880			48,607			318,829			356,680			96,062			23,252				46,641			19,884			7,962			99,283			64,861
Discretionary Improvement Spending		—			—			—			—			—			—			—				—			—			—			—			—
Hedge Settlements		—			—			—			—			—			—			—				—			—			—			—			—
Leases		—			5,400			—			14,545			5,400			—			—				—			5,400			—			—			—
Total Professional Fees	$	53,260		$	63,601		$	2,159,730		$	409,080		$	1,148,854		$	540,614		$	2,821,059			$	455,854		$	559,004		$	1,064,830		$	63,907		$	57,667
Total Operating Disbursements	$	6,027,641		$	7,015,015		$	10,328,556		$	7,635,358		$	8,266,959		$	7,026,735		$	9,010,252			$	8,015,383		$	7,795,091		$	7,312,920		$	6,254,073		$	8,277,899
Recapitalization & Financing
DIP Fees		—			675,972			6,200			—			—			687,500			—				—			—			766,667			—			—
Macquarie Interest		—			231,695			—			—			—			217,446			—				—			—			217,757			—			—
UST fees & Fee Examiner		63,325			—			6,500			—			—			—			—				—			—			—			—			—
Recycling Entity Buyout (including interest)		—			—			—			—			—			—			—				200,000			878,017			—			—			—
PNC Early Termination Fee		—			—			—			—			—			—			—				—			—			—			—			—
PNC Facility Repayment
Total Recapitalization & Financing		63,325			907,668			12,700			—			—			904,946			—				200,000			878,017			984,424			—			—
Other Bankruptcy Related Expenditures
KEIP		—			—			—			—			—			—			—				—			—			—			—			—
Utility Deposits		—			—			—			5,780			—			—			—				—			3,661			—			—			—
503(b)(9) Payments		132,462			—			—			—			—			—			—				92,855			—			—			—			480,569
Critical Vendors - Freight		162,856			200,478			176,814			250,486			185,040			157,520			105,487				105,803			107,932			106,575			18,383			18,018
Critical Vendors - Material Vendors		—			—			—			102,908			—			—			—				10,335			—			—			—			—
Total Other Expenditures		295,318			200,478			176,814			359,174			185,040			157,520			105,487				208,994			111,593			106,575			18,383			498,587
Total Disbursements	$	6,386,285		$	8,123,161		$	10,518,069		$	7,994,531		$	8,451,999		$	8,089,201		$	9,115,739			$	8,424,377		$	8,784,701		$	8,403,919		$	6,272,456		$	8,776,486
Net Cash Flow Before DIP Facility Drawdown		(634,262	)		(998,539	)		(6,211,921	)		(439,331	)		(1,187,424	)		(3,403,119	)		(2,714,665	)			(772,678	)		(2,392,350	)		(1,667,829	)		(929,955	)		(353,224	)
DIP Facility Drawdown											10,000,000									5,000,000										6,343,942			656,058
Net Cash Flow	$	(634,262	)	$	(998,539	)	$	(6,211,921	)	$	9,560,669		$	(1,187,424	)	$	(3,403,119	)	$	2,285,335			$	(772,678	)	$	(2,392,350	)	$	4,676,113		$	(273,897	)	$	(353,224	)
Cash
Beginning Cash		20,552,068			19,917,806			18,919,267			12,707,346			22,268,014			21,080,590			17,677,471				19,962,805			19,190,128			16,797,777			21,473,891			21,199,993
Net Cash		(634,262	)		(998,539	)		(6,211,921	)		9,560,669			(1,187,424	)		(3,403,119	)		2,285,335				(772,678	)		(2,392,350	)		4,676,113			(273,897	)		(353,224	)
Ending Cash	$	19,917,806		$	18,919,267		$	12,707,346			22,268,014			21,080,590			17,677,471			19,962,805				19,190,128			16,797,777			21,473,891			21,199,993			20,846,769
Open Accounts Payable - Beginning Balance		9,195,449			9,195,449			9,195,449			10,338,400			10,385,923			10,385,923			10,540,627				10,838,992			11,502,271			10,860,245			11,413,998			11,062,907
New Purchases		6,386,285			8,123,161			11,661,020			8,042,054			8,451,999			8,243,904			9,414,104				9,087,657			8,142,675			8,957,672			5,921,366			8,723,487
Disbursements		(6,386,285	)		(8,123,161	)		(10,518,069	)		(7,994,531	)		(8,451,999	)		(8,089,201	)		(9,115,739	)			(8,424,377	)		(8,784,701	)		(8,403,919	)		(6,272,456	)		(8,776,486	)
Ending Balance		9,195,449			9,195,449			10,338,400			10,385,923			10,385,923			10,540,627			10,838,992				11,502,271			10,860,245			11,413,998			11,062,907			11,009,909
DIP Schedule
Facility Size		90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000				90,000,000			90,000,000			90,000,000			90,000,000			90,000,000
Beginning Balance		42,500,000			42,500,000			42,500,000			42,500,000			52,500,000			52,500,000			52,500,000				57,500,000			57,500,000			57,500,000			63,843,942			64,500,000
Draw / (Repaid)		—			—			—			10,000,000			—			—			5,000,000				—			—			6,343,942			656,058			—
																						��
Ending Balance	$	42,500,000		$	42,500,000		$	42,500,000		$	52,500,000		$	52,500,000		$	52,500,000		$	57,500,000			$	57,500,000		$	57,500,000		$	63,843,942		$	64,500,000		$	64,500,000
Availability	$	47,500,000		$	47,500,000		$	47,500,000		$	37,500,000		$	37,500,000		$	37,500,000		$	32,500,000			$	32,500,000		$	32,500,000		$	26,156,058		$	25,500,000		$	25,500,000

Page 1 of 2 as of 7/20/2016

HORSEHEAD

WEEKLY CASH FLOW - 12th REVISED

CONSOLIDATED SUMMARY - HORSEHEAD,

MOORSEBORO, INMETCO & ZOCHEM

Week #	1			2			3			4			5			6			7			8			9			10			11			12			13			14			15			Total
Week Ending	07/23/16			07/30/16			08/06/16			08/13/16			08/20/16			08/27/16			09/03/16			09/10/16			09/17/16			09/24/16			10/01/16			10/08/16			10/15/16			10/22/16			10/29/16			2/1 - 10/29			Beyond			Total
RECEIPTS:
Trade Receipts - Horsehead + HMP	$	3,131,903		$	3,760,132		$	2,932,382		$	3,027,462		$	3,317,772		$	3,975,937		$	2,969,702		$	2,785,091		$	3,046,506		$	2,880,084		$	3,542,369		$	2,992,273		$	3,262,527		$	3,460,568		$	3,994,365		$	128,762,749			—		$	128,762,749
Trade Receipts - Inmetco		825,000			50,000			1,000,000			50,000			1,000,000			225,000			510,000			300,000			750,000			700,000			150,000			650,000			125,000			800,000			800,000			24,072,306			—			24,072,306
Trade Receipts - Zochem		1,800,042			1,610,407			2,391,758			1,826,257			3,389,136			2,742,706			2,362,537			3,724,262			3,447,679			2,615,268			2,615,268			2,615,268			2,636,960			2,815,531			2,636,960			92,782,119			—			92,782,119
Other (HST, Insurance proceeds, Grants, etc.)		—			1,225,427			1,000,000			—			68,406			1,302,946			38,780			38,780			38,780			1,372,825			38,780			15,400			15,400			15,400			1,306,686			11,188,138			—			11,188,138
Total Operating Receipts	$	5,756,945		$	6,645,966		$	7,324,140		$	4,903,719		$	7,775,314		$	8,246,589		$	5,881,019		$	6,848,133		$	7,282,965		$	7,568,177		$	6,346,416		$	6,272,940		$	6,039,887		$	7,091,498		$	8,738,011		$	256,805,311			—		$	256,805,311
DISBURSEMENTS:
Purchases		3,046,694			3,216,694			3,157,323			3,213,323			3,157,323			3,157,323			3,163,036			3,221,605			3,117,605			3,146,530			3,141,530			3,026,970			3,066,970			2,982,970			3,021,970			116,794,080			—			116,794,080
Payroll & Taxes		374,945			1,335,479			353,600			1,169,223			461,200			1,007,523			622,900			454,966			1,175,458			454,966			1,175,458			454,966			1,175,458			454,966			1,067,858			28,919,273			—			28,919,273
Benefits		350,000			248,000			225,000			250,000			248,000			225,000			250,000			248,000			225,000			225,000			250,000			248,000			225,000			225,000			250,000			9,453,245			—			9,453,245
CapEx - Horsehead, Inmetco, Zochem		753,990			900,990			774,372			542,819			542,819			542,819			402,866			260,866			260,866			260,866			260,866			817,060			651,060			431,060			431,060			10,484,228			—			10,484,228
CapEx - Mooresboro, NC		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			139,581			—			139,581
Contract Services		708,647			858,647			789,235			739,235			739,235			739,235			578,085			578,085			578,085			600,612			594,112			723,512			717,012			723,512			717,012			23,608,843			—			23,608,843
Freight		1,056,740			1,181,740			1,200,142			1,213,625			1,113,625			1,113,625			1,091,290			1,079,787			1,064,627			1,064,127			1,057,910			1,060,563			1,060,609			1,066,655			1,066,701			36,691,341			—			36,691,341
Insurance		50,000			189,325			50,000			50,000			50,000			50,000			215,967			189,325			50,000			50,000			50,000			50,000			50,000			50,000			50,000			4,995,061			—			4,995,061
Utilities		886,662			336,662			340,151			618,252			680,732			375,732			235,641			348,919			391,399			765,899			329,084			312,572			255,052			730,052			332,036			13,822,918			—			13,822,918
Supplies		124,179			324,179			260,744			256,422			256,422			256,422			233,549			233,718			233,718			238,942			240,320			282,336			282,336			282,336			282,336			12,687,452			—			12,687,452
Miscellaneous		165,283			300,283			265,283			260,617			265,283			365,283			245,283			245,283			240,617			245,283			245,283			270,283			270,283			265,617			270,283			6,653,657			—			6,653,657
Other Operating Costs		290,336			577,265			1,269,765			273,515			327,265			175,765			145,765			233,265			275,765			145,765			263,265			145,765			1,003,372			145,765			145,765			8,051,516			—			8,051,516
Discretionary Improvement Spending		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Hedge Settlements		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Leases		6,150			16,150			11,150			11,150			11,150			78,150			6,150			6,150			6,150			11,700			45,700			11,700			11,700			11,700			45,700			641,356			—			641,356
Total Professional Fees	$	2,224,988		$	1,325,904		$	66,000		$	550,000		$	2,908,192		$	987,995		$	297,146		$	126,000		$	2,556,992		$	1,420,110		$	1,653,494		$	126,000		$	66,000		$	2,272,987		$	789,004		$	29,946,173		$	14,785,724		$	44,731,898
Total Operating Disbursements	$	10,038,613		$	10,811,317		$	8,762,764		$	9,148,181		$	10,761,246		$	9,074,873		$	7,487,677		$	7,225,969		$	10,176,281		$	8,629,800		$	9,307,021		$	7,529,727		$	8,834,852		$	9,642,619		$	8,469,724		$	302,888,725		$	14,785,724		$	317,674,449
Recapitalization & Financing
DIP Fees		—			791,389			—			—			—			859,444			—			—			—			—			958,611			—			—			—			—			9,897,644			2,250,000			12,147,644
Macquarie Interest		—			231,695			—			—			—			231,695			—			—			—			—			231,695			—			—			—			—			1,780,012						1,780,012
UST fees & Fee Examiner		—			240,000			—			—			—			—			90,000			—			—			—			—			90,000			—			—			150,000			639,825			240,000			879,825
Recycling Entity Buyout (including interest)		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			1,078,017			—			1,078,017
PNC Early Termination Fee		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			1,000,000			—			1,000,000
PNC Facility Repayment																																															17,677,793						17,677,793
Total Recapitalization & Financing		—			1,263,084			—			—			—			1,091,140			90,000			—			—			—			1,190,307			90,000			—			—			150,000			32,073,292			2,490,000			34,563,292
Other Bankruptcy Related Expenditures
KEIP		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			652,000			652,000
Utility Deposits		—			—			150,000			—			—			—			—			—			—			—			—			—			—			—			—			872,756			—			872,756
503(b)(9) Payments		—			313,922			—			1,489,348			—			—			—			—			—			—			—			—			—			—			—			2,750,000			2,376,373			5,126,373
Critical Vendors - Freight		11,250			11,250			—			500,000			—			—			—			—			—			—			—			—			—			—			—			3,952,424			1,168,076			5,120,500
Critical Vendors - Material Vendors		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—			113,243			3,798,389			3,911,632
Total Other Expenditures		11,250			325,172			150,000			1,989,348			—			—			—			—			—			—			—			—			—			—			—			7,688,423			7,994,837			15,683,261
Total Disbursements	$	10,049,862		$	12,399,574		$	8,912,764		$	11,137,529		$	10,761,246		$	10,166,013		$	7,577,677		$	7,225,969		$	10,176,281		$	8,629,800		$	10,497,327		$	7,619,727		$	8,834,852		$	9,642,619		$	8,619,724		$	342,650,440		$	25,270,561		$	367,921,001
Net Cash Flow Before DIP Facility Drawdown		(4,292,917	)		(5,753,608	)		(1,588,624	)		(6,233,810	)		(2,985,932	)		(1,919,424	)		(1,696,657	)		(377,836	)		(2,893,316	)		(1,061,623	)		(4,150,911	)		(1,346,786	)		(2,794,965	)		(2,551,121	)		118,286			(85,845,129	)		(25,270,561	)		(111,115,690	)
DIP Facility Drawdown					5,000,000						5,000,000						5,000,000						5,000,000						5,500,000																		90,000,000						90,000,000
Net Cash Flow	$	(4,292,917	)	$	(753,608	)	$	(1,588,624	)	$	(1,233,810	)	$	(2,985,932	)	$	3,080,576		$	(1,696,657	)	$	4,622,164		$	(2,893,316	)	$	4,438,377		$	(4,150,911	)	$	(1,346,786	)	$	(2,794,965	)	$	(2,551,121	)	$	118,286		$	4,154,871		$	(25,270,561	)	$	(21,115,690	)
Cash
Beginning Cash		20,846,769			16,553,852			15,800,244			14,211,620			12,977,810			9,991,878			13,072,454			11,375,797			15,997,961			13,104,644			17,543,021			13,392,110			12,045,324			9,250,358			6,699,237			2,662,652		$	6,817,523			2,662,652
Net Cash		(4,292,917	)		(753,608	)		(1,588,624	)		(1,233,810	)		(2,985,932	)		3,080,576			(1,696,657	)		4,622,164			(2,893,316	)		4,438,377			(4,150,911	)		(1,346,786	)		(2,794,965	)		(2,551,121	)		118,286			4,154,871			(25,270,561	)		(21,115,690	)
Ending Cash		16,553,852			15,800,244			14,211,620			12,977,810			9,991,878			13,072,454			11,375,797			15,997,961			13,104,644			17,543,021			13,392,110			12,045,324			9,250,358			6,699,237			6,817,523			6,817,523		$	(18,453,038	)	$	(18,453,038	)
Open Accounts Payable - Beginning Balance		11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			—
New Purchases		10,049,862			12,399,574			8,912,764			11,137,529			10,761,246			10,166,013			7,577,677			7,225,969			10,176,281			8,629,800			10,497,327			7,619,727			8,834,852			9,642,619			8,619,724			330,682,556
Disbursements		(10,049,862	)		(12,399,574	)		(8,912,764	)		(11,137,529	)		(10,761,246	)		(10,166,013	)		(7,577,677	)		(7,225,969	)		(10,176,281	)		(8,629,800	)		(10,497,327	)		(7,619,727	)		(8,834,852	)		(9,642,619	)		(8,619,724	)		(319,672,647	)
Ending Balance		11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909			11,009,909
DIP Schedule
Facility Size		90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000
Beginning Balance		64,500,000			64,500,000			69,500,000			69,500,000			74,500,000			74,500,000			79,500,000			79,500,000			84,500,000			84,500,000			90,000,000			90,000,000			90,000,000			90,000,000			90,000,000			—			90,000,000
Draw / (Repaid)		—			5,000,000			—			5,000,000			—			5,000,000			—			5,000,000			—			5,500,000			—			—			—			—			—			90,000,000			—
Ending Balance	$	64,500,000		$	69,500,000		$	69,500,000		$	74,500,000		$	74,500,000		$	79,500,000		$	79,500,000		$	84,500,000		$	84,500,000		$	90,000,000		$	90,000,000		$	90,000,000		$	90,000,000		$	90,000,000		$	90,000,000		$	90,000,000		$	90,000,000
Availability	$	25,500,000		$	20,500,000		$	20,500,000		$	15,500,000		$	15,500,000		$	10,500,000		$	10,500,000		$	5,500,000		$	5,500,000			—			—			—			—			—			—			—			—

Page 2 of 2 as of 7/20/2016