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Exhibit C3
GUC Rights Offering Procedures and GUC Subscription FormVANGUARD NATURAL RESOURCES, LLC (THE COMPANY),
ON BEHALF OF VAR FINANCE CORP. (AS REORGANIZED PURSUANT TO AND
UNDER THE PLAN, OR
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01
Start by gathering the necessary information about the distribution, such as the number of holders and the amount to be distributed.
02
Prepare a distribution plan, taking into consideration factors like the percentage of distribution for each holder, the method of distribution (e.g., cash, shares), and any applicable taxes or fees.
03
Create a distribution schedule, specifying the dates and frequency of the distribution.
04
Prepare the necessary documents, such as distribution agreements or contracts, and ensure they comply with legal and regulatory requirements.
05
Communicate the distribution plan to the holders, providing them with all the relevant details and instructions for the distribution.
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08
Keep records of the distribution for future reference and auditing purposes.
Who needs for distribution to holders?
01
Companies or organizations with shareholders or investors who are entitled to receive distributions.
02
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Any entity that has a legal obligation or agreement to distribute profits, dividends, bonuses, or other benefits to their stakeholders.
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