Item 8.01 Other Events.
This Form 8-K/A is filed as an amendment (this "Amendment No. 1") to the Current
Report on Form 8-K filed by
Reference is made to the
As disclosed in the Original Form 8-K, the Trustee received an indemnity payment
from HNS pursuant to Section 7.02 of the Trust Agreement because of the Trust's
operational funding shortfall. The Trust is not required to reimburse HNS for
indemnity payments made pursuant to the Trust Agreement. As also disclosed in
the Original Form 8-K, the Trustee used the indemnity payment to pay all current
accrued and unpaid expenses and fees of the Trust incurred through
As disclosed in the Original Form 8-K and in the Trust's report on Form 10-Q for
the quarter period ended
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Cautionary Statement Regarding Forward Looking Statements
This report contains forward looking statements (that is, statements anticipating future events or conditions and not statements of historical fact). Words such as "anticipate," "expect," "believe," "intend," "plan" or "project," and "should," "would," "could," "potentially," "possibly" or "may," and other words that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward-looking statements in this report are subject to a number of risks and uncertainties beyond the control of the Trustee. Currently, the most significant of such risks and uncertainties relate to the COVID-19 pandemic, which has caused a global slowdown of economic activity (including decrease in demand for a broad variety of goods and services), disruptions in global supply chains and significant volatility and disruption of financial markets. The severity, magnitude and duration of the impact that the COVID-19 pandemic will continue to have on the world economy are uncertain, rapidly changing and difficult to predict. Among other risks and uncertainties are: future changes in oil prices; oil production levels; economic activity; domestic and international political events and developments; legislation and regulation; and certain changes in expenses of the Trust.
The actual results, performance and prospects of the Trust could differ
materially from those expressed or implied by forward-looking statements.
Descriptions of material risks known to the Trustee that could affect the future
performance of the Trust appear in Item 1A, "Risk Factors," of the Trust's
Annual Report on Form 10-K for the fiscal year ended
In the light of these risks, uncertainties and assumptions, you should not rely unduly on any forward-looking statements. Forward-looking events and outcomes discussed in this report may not occur or may transpire differently. The Trustee undertakes no obligation to update forward-looking statements after the date of this report, except as required by law, and all such forward-looking statements in this report are qualified in their entirety by the preceding cautionary statements.
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