Exhibit 99.10
Project Chelsea - Weekly Cash Flow Forecast Dollars USD Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 Total 2/3 2/10 2/17 2/24 3/3 3/10 3/17 3/24 3/31 4/7 4/14 4/21 4/28 2/3 2/9 2/16 2/23 3/2 3/9 3/16 3/23 3/30 4/6 4/13 4/20 4/27 5/4 5/4 CONSOLIDATED Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast AR Collection $ 15,870 $ 15,679 $ 15,299 $ 18,258 $ 23,237 $ 31,505 $ 26,347 $ 26,347 $ 26,391 $ 26,183 $ 27,404 $ 28,056 $ 22,636 $ 303,213 Non-Trade 119 49 31 22 40 18 531 607 733 1,221 733 1,466 1,059 6,627 Cash Receipts Waste 303 303 - 607 76 607 - 683 - 326 407 489 - 3,800 Total Cash Receipts 16,293 16,031 15,330 18,886 23,353 32,129 26,878 27,637 27,124 27,730 28,544 30,010 23,695 313,641 Vendor Payments (11,374) (11,169) (14,124) (14,279) (16,546) (15,758) (11,069) (7,201) (18,775) (15,812) (15,087) (16,683) (13,809) (181,685) Payroll (2,700) (5,700) (2,700) (11,000) (2,700) (5,700) (2,700) (11,000) (2,700) (5,700) (2,700) (15,000) (2,700) (73,000) Taxes (100) (400) (1,000) (600) (100) (400) (1,000) (600) - (100) (1,300) (500) (200) (6,300) Benefits (1,708) (1,108) (608) (1,708) (1,708) (1,108) (708) (1,708) (1,708) (1,708) (1,192) (1,608) (1,808) (18,384) Rent (1,300) - - (1,400) - - - (100) (1,300) - - - (1,400) (5,500) Other Payments (500) (500) (400) (800) (500) (500) (500) (500) (800) (500) (500) (500) (800) (7,300) Operating Disbursements Transfers to Foreign Subsidiaries - - - (1,100) - - - - (1,100) - - - (1,100) (3,300) Plant Closures (250) (250) (250) (250) (750) (750) (750) (750) (750) (750) (750) (750) (750) (7,750) Total Operating Cash Disbursements (17,932) (19,126) (19,082) (31,137) (22,304) (24,216) (16,727) (21,859) (27,133) (24,570) (21,528) (35,041) (22,566) (303,219) OPERATING CASH FLOW (1,639) (3,096) (3,751) (12,250) 1,049 7,914 10,151 5,778 (9) 3,160 7,016 (5,031) 1,129 10,421 Proceeds for Issuance of Debt - - - - - - - - - - - - - - Principal - - - - - - - - - - - - - - Debt Service Interest and Financing Fees (5,097) (10) - (937) - - - (965) (500) - - - (942) (8,451) Total Financing Cash Receipts / Disbursement (5,097) (10) - (937) - - - (965) (500) - - - (942) (8,451) LSC Vendor Reimbursement 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 - - - - - 8,000 TSA LSC / QP Related AP (1,000) (1,000) (1,000) (1,000) (1,000) (1,000) (1,000) (1,000) (1,000) - - - - (9,000) / LSC Customer Collection 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 - - - - - 16,000 LSC LSC / QP Related AR (2,000) (2,000) (2,000) (2,000) (2,000) (2,000) (2,000) (2,000) (2,000) - - - - (18,000) QP QP Sale Proceeds - - - - - - - - - - - - - - Total QP Disbursements / Adjustments - - - - - - - - (3,000) - - - - (3,000) Restructuring Professional Fees - - (160) (160) - - (160) (495) (425) (2,415) (2,425) (1,085) (495) (7,820) Utility Deposit (1,400) - - - - - - - - - - - - (1,400) Other DIP Proceeds 50,000 - 50,000 - - - - - - - - - - 100,000 Total Other Disbursements / Adjustments 48,600 - 49,840 (160) - - (160) (495) (425) (2,415) (2,425) (1,085) (495) 90,780 NET CASH FLOW 41,863 (3,105) 46,089 (13,347) 1,049 7,914 9,991 4,318 (3,934) 745 4,591 (6,116) (308) 89,750 - - - - - - - - - 0 - (0) (0) Borrowing Base 146,000 146,000 146,000 147,953 147,953 147,953 147,953 159,976 159,976 159,976 159,976 159,976 149,957 149,957 Professional Fee Reserve (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) (15,100) Net Borrowing Base 130,900 130,900 130,900 132,853 132,853 132,853 132,853 144,876 144,876 144,876 144,876 144,876 134,857 134,857 Starting ABL Outstanding 120,164 78,301 81,406 35,317 48,664 47,615 39,701 29,710 25,392 29,326 28,581 23,990 30,106 120,164 y ABL Draw / (Repayment) (41,863) 3,105 (46,089) 13,347 (1,049) (7,914) (9,991) (4,318) 3,934 (745) (4,591) 6,116 308 (89,750) Ending ABL Outstanding 78,301 81,406 35,317 48,664 47,615 39,701 29,710 25,392 29,326 28,581 23,990 30,106 30,414 30,414 Liquidit Plus : L/Cs Outstanding 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 16,600 Borrowings + L/Cs 94,901 98,006 51,917 65,264 64,215 56,301 46,310 41,992 45,926 45,181 40,590 46,706 47,014 47,014 Ending ABL Availability 35,999 32,894 78,983 67,589 68,638 76,552 86,543 102,884 98,950 99,695 104,286 98,170 87,843 87,843 Less: Outstanding Check Float (2,000) (4,000) (6,000) (7,000) (7,000) (7,000) (7,000) (7,000) (4,000) (4,000) (4,000) (4,000) (4,000) (4,000) Plus: Unrestricted Cash - - - - - - - - - - - - - - LIQUIDITY 33,999 28,894 72,983 60,589 61,638 69,552 79,543 95,884 94,950 95,695 100,286 94,170 83,843 83,843 1 of 1