The Ad Hoc Committee of Unsecured Creditors of Ultra Resources, Inc. filed a complaint against Debtors Ultra Resources, Ultra Petroleum Corp., and UP Energy Corporation seeking a judgment
declaring: (i) that the Debtors‘ filing for chapter 11 bankruptcy triggered an obligation under the
terms of a Master Note Purchase Agreement to pay a Make-Whole Amount to certain noteholders of OpCo; and (ii) the amount of that obligation. The Debtors objected to the Senior Creditor Committee‘s claim for the Make-Whole Amount, post-petition interest at the contract default rate, and other related fees and expenses. Debtors‘ objection is denied.