Exhibit 99.4

DRAFT

SUBJECT TO FRE 408

FOR SETTLEMENT PURPOSES ONLY

2L Noteholder Proposal Administrative Agent Prepared to Recommend to First Lien Group(1) Rex Choice of:         Modified Option COption 1Option 2Option 3 FeeNoneNone None $4.5MM (1.5% on $300MM facility) Delayed Draw CommitmentNA – terminated see belowNA – terminated, see belowSameApril 28, 2019 Term. Date LC DelayedApril 23, 2019 (subject to Issuing Bank’s NA – cash funded, see belowNA – cash funded, see belowSame Draw Eventconsent) No change from existing facility. CovenantsTemporary waiver if necessary to No change from existing facility SameSame accommodate $75MM draw. Amendment No morethan $125MM at OpCo No morethan 8% cash interest rate Additional PIK rate TBD Take-BackMaturity extended to 1L maturity + 6 $200MM – 8% cash coupon at OpCo SameSame Papermonths TBD Restricted Payments tests governing ability to pay cash interest Acceptable documentation/intercreditor No change from existing facility except clean up, including incorporation of LCs into leverage ratios OtherSameSame Same Need year end update on financials and reserves Subject to committee approvals Deferral Fee$2.0MM$1.5MM (0.5% on $300MM facility)$8.5MM (2.83% on $300MM facility)$10.5MM (3.5% on $300MM facility) Make- WholeAdjustment to Yield Maint. One quarter extensionNon-call lifeThree quarter extensionFour quarter extension Period Additional draw of $75MM andAdditional draw of full facility amount termination of delayed drawand termination of delayed draw OtherSameNA commitment, 1-2Q18 covenants adjustedcommitment. 1-2Q18 covenants adjusted as necessaryas necessary. (1)Assumes achieved through majority consent under 1L credit agreement. If, however, greater than majority consent, or unanimity, is required for an in-court reorganization, then delayed draw availability and/or amounts drawn under Options B and C will likely be proportionately reduced by the percentage represented by non-consenting lenders. All subject to legal and business due diligence, approvals and documentation.