81,7('67$7(6%$1.5837&<&2857

6287+(51',675,&72))/25,'$

)257/$8'(5'$/(',9,6,21

ZZZIOVEXVFRXUWVJRY

,QUH       



7$0$5$&//&DQG   &DVH1RBBBBBBBBBBBBBBBBBBBB

81,3+$50$//&    &DVH1RBBBBBBBBBBBBBBBBBBBB

 'HEWRUV     &KDSWHU&DVHV

       -RLQW$GPLQLVWUDWLRQ3HQGLQJ

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

'(%7256¶$33/,&$7,2138568$17726(&7,216D$1'E

2)7+(%$1.5837&<&2'()25$33529$/2)$*5((0(17:,7+

62/,&&$3,7$/$'9,6256//&$1'62/,&&$3,7$///&723529,'(

7+(6(59,&(62),1(,/)/85,$$6&+,()5(6758&785,1*2)),&(5

,,&(57$,127+(5,17(5,02)),&(56$1',,,&(57$,16833257

3(56211(/())(&7,9($62)7+(3(7,7,21'$7(

>([SHGLWHG+HDULQJ5HTXHVWHG@

7DPDUDF//&37DPDUDF ́DQG8QLSKDUPD//&38QLSKDUPD ́DQGWRJHWKHUZLWK

7DPDUDFWKH 3'HEWRUV ́ E\ DQG WKURXJK WKHLU SURSRVHG XQGHUVLJQHG FRXQVHO SXUVXDQWWR 

86&  DDQG E ILOHWKLVDebtors’ Application, Pursuant to Section 363(b) of the 

Bankruptcy Code, for Approval of Agreement with SOLIC Capital Advisors, LLC and SOLIC 

Capital, LLC to Provide the Services of (I) Neil F. Luria as Chief Restructuring Officer, (II) 

Certain Other Interim Officers, and (III) Certain Support Personnel Effective as of the Petition 

Date WKH 3$SSOLFDWLRQ ́7KH $SSOLFDWLRQ VHHNV HQWU\ RI DQ RUGHU DXWKRUL]LQJWKH UHWHQWLRQ RI

62/,&&DSLWDO$GYLVRUV//&DQG62/,&&DSLWDO//&WRJHWKHU362/,& ́WRSURYLGHDWKH

VHUYLFHVRIL1HLO)/XULD3/XULD ́DVFKLHIUHVWUXFWXULQJRIILFHU3&52 ́LL6:DLWH3RSHMR\

,,,DV&KLHI)LQDQFLDO2IILFHUWKH3&)2 ́LLL*UHJRU\+DJRRGDV([HFXWLYH9LFH3UHVLGHQWRI

6WUDWHJ\WKH3(93RI6WUDWHJ\ ́LY5REHUW$QQDVDV([HFXWLYH9LFH3UHVLGHQWRI2SHUDWLRQV

7KHODVWIRXUGLJLWVRIHDFK'HEWRU¶VIHGHUDOWD[LGHQWLILFDWLRQQXPEHUDUH7DPDUDF//&

DQG8QLSKDUPD//&7KHDGGUHVVRIWKH'HEWRUVLV1:WK6WUHHW7DPDUDF)/

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 1 of 47




WKH 3(93 RI 2SHUDWLRQV ́ Y 0DWWKHZ &DLQH DV 9LFH 3UHVLGHQW RI 6WUDWHJ\ WKH 393 RI

6WUDWHJ\ ́DQG YL0DU\'UHVVOHUDVWKH'LUHFWRURI6WUDWHJ\ WKH3'LUHFWRURI6WUDWHJ\ ́DQG

WRJHWKHUZLWKWKH&52WKH&)2WKH(93 RI6WUDWHJ\WKH(93 RI2SHUDWLRQVDQGWKH93 RI

6WUDWHJ\WKH3,QWHULP2IILFHUV ́DQGEWKHVHUYLFHVRIFHUWDLQVXSSRUWSHUVRQQHO,QVXSSRUWRI

WKH$SSOLFDWLRQWKH'HEWRUVUHO\XSRQWKHDeclaration of Neil F. Luria in Support of Debtors’ 

Application for Approval of Agreement with SOLIC Capital Advisors, LLC and SOLIC Capital, 

LLC to Provide Services of (I) Neil F. Luria as Chief Restructuring Officer, (II) Certain Other 

Interim Officers, and (III) Certain Support PersonnelWKH3/XULD'HFODUDWLRQ ́DWWDFKHGKHUHWRDV

([KLELW3$ ́DQGUHVSHFWIXOO\UHSUHVHQWDVIROORZV

-XULVGLFWLRQDQG9HQXH

 7KLV&RXUWKDVMXULVGLFWLRQRYHUWKLVPDWWHUSXUVXDQWWR86&DQG

7KLVLVDFRUHSURFHHGLQJSXUVXDQWWR86&E

 9HQXHLVSURSHUEHIRUHWKLV&RXUWSXUVXDQWWR86&DQG

 7KH VWDWXWRU\ SUHGLFDWHV IRUWKH UHOLHI VRXJKW KHUHLQDUH VHFWLRQV D E

DDDQGRIFKDSWHURIWLWOH  RIWKH8QLWHG6WDWHV&RGH WKH

3%DQNUXSWF\ &RGH ́ DQG 5XOH  RI WKH )HGHUDO 5XOHV RI %DQNUXSWF\ 3URFHGXUH WKH

3%DQNUXSWF\5XOHV ́

%DFNJURXQG

 2Q WKH GDWH KHUHRI WKH 33HWLWLRQ 'DWH ́ HDFK RI WKH 'HEWRUV ILOHG D YROXQWDU\

SHWLWLRQIRUUHOLHIXQGHUFKDSWHURIWKH%DQNUXSWF\&RGH

 7KH'HEWRUVDUHRSHUDWLQJWKHLUEXVLQHVVHVDQGPDQDJLQJWKHLUDIIDLUVDVGHEWRUV

LQSRVVHVVLRQSXUVXDQWWRVHFWLRQVDDQGRIWKH%DQNUXSWF\&RGH

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 2 of 47




 )RU D GHWDLOHG GHVFULSWLRQ RI WKH 'HEWRUV DQG WKHLU RSHUDWLRQV WKH 'HEWRUV

UHVSHFWIXOO\UHIHUWKH&RXUWDQGSDUWLHVLQLQWHUHVWWRWKHDeclaration of Neil F. Luria in Support of 

the Chapter 11 Petitions and First Day Pleadings WKH3)LUVW'D\'HFODUDWLRQ ́

 3ULRUWRWKH3HWLWLRQ'DWHRQ2FWREHU62/,&ZDVUHWDLQHGLQFRQQHFWLRQ

ZLWKWKH'HEWRUV¶ILQDQFLDODQGRSHUDWLRQDOUHVWUXFWXULQJ6XEVHTXHQWO\RQ1RYHPEHU

WKH%RDUGRI8QLSKDUPDDQG0DQDJHURI7DPDUDFDSSRLQWHG/XULDDV&52DQDSSRLQWPHQWZKLFK

/XULDDFFHSWHGRQWKHVDPHGDWH3XUVXDQWWRWKHDJUHHPHQWEHWZHHQWKH'HEWRUVDQG62/,&GDWHG

1RYHPEHUDWWDFKHGKHUHWRDV([KLELW3% ́WKH3$JUHHPHQW ́62/,&DJUHHGWRSURYLGH

DWKHVHUYLFHVRI1HLO)/XULDDV&52EWKHVHUYLFHVRIWKHRWKHU,QWHULP2IILFHUVDQGFWKH

VHUYLFHVRIFHUWDLQVXSSRUWSHUVRQQHO

4XDOLILFDWLRQV

 7KH 'HEWRUV KDYH GHWHUPLQHG LQ DQ H[HUFLVH RI WKHLU EXVLQHVV MXGJPHQW WKDW

UHWDLQLQJ62/,&DQGWKHVHUYLFHVRIWKH,QWHULP2IILFHUVDQGRWKHUHPSOR\HHVDW62/,&ZLOODVVLVW

WKH'HEWRUVLQPD[LPL]LQJDQGSUHVHUYLQJWKHYDOXHRIWKHLUDVVHWVDQGSURYLGHVWKH'HEWRUVZLWK

WKH EHVW RSSRUWXQLW\ XQGHU WKH FLUFXPVWDQFHV WR DFKLHYH D VXFFHVVIXO VDOH RI WKHLU DVVHWV

$FFRUGLQJO\WKH'HEWRUVDSSRLQWHG/XULDWRWKHSRVLWLRQRI&52DQGVXEMHFWWRWKH&RXUWJUDQWLQJ

WKLV$SSOLFDWLRQZLOOXWLOL]H62/,&SHUVRQQHODVGHVFULEHGKHUHLQDQGLQWKH$JUHHPHQW

 62/,& LV D SURIHVVLRQDO VHUYLFHV ILUP HQJDJHG LQ WKH EXVLQHVV RI SURYLGLQJ

UHVWUXFWXULQJILQDQFLDODGYLVRU\DQGGLVWUHVVHGDVVHWPDQDJHPHQWVHUYLFHVZLWKRIILFHVORFDWHGDW

:HVW1HZ(QJODQG$YHQXH6XLWH:LQWHU3DUN)ORULGD62/,&SURYLGHVVHUYLFHV

WRDYDULHW\RIEXVLQHVVHVZLWKDODUJHUDQJHRIHQWHUSULVHYDOXHVLQFOXGLQJSXEOLFO\WUDGHGDQG

SULYDWHFRPSDQLHV6LQFHLWVRULJLQDOHQJDJHPHQWE\WKH'HEWRUV62/,&KDVEHHQDVVLVWLQJWKH

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 3 of 47




'HEWRUVZLWKUHVSHFWWRDPRQJRWKHUWKLQJVPDQDJLQJOLTXLGLW\VHHNLQJDGGLWLRQDOFDSLWDODQG

DQDO\]LQJSRWHQWLDOVWUDWHJLFDOWHUQDWLYHV

 62/,&KDVZLGHVSUHDGH[SHULHQFHLQSURYLGLQJUHVWUXFWXULQJDQGILQDQFLDODGYLVRU\

VHUYLFHVLQ UHRUJDQL]DWLRQSURFHHGLQJVDQGLWKDVDQH[FHOOHQW UHSXWDWLRQ IRUWKHVHUYLFHVLWKDV

UHQGHUHG LQ FKDSWHU  FDVHV RQ EHKDOI RI GHEWRUV DQG FUHGLWRUV WKURXJKRXW WKH 8QLWHG 6WDWHV

62/,&¶VSURIHVVLRQDOVKDYHUHSUHVHQWHGYDULRXVVWDNHKROGHUVLQDQXPEHURIGLVWUHVVHGKHDOWKFDUH

DQGQRQKHDOWKFDUHVLWXDWLRQVRYHUWKHODVW\HDUVLQFOXGLQJXQVHFXUHGFUHGLWRUVVHQLRUOHQGHUV

HTXLW\ KROGHUV DQG GHEWRUV LQ PDWWHUV ERWK LQ DQG RXW RI FRXUW )XUWKHUPRUH WKH 62/,&

SURIHVVLRQDOVLQYROYHGLQWKH'HEWRUV¶FKDSWHUFDVHVKDYHEHHQLQYROYHGLQRWKHU&KDSWHU

EDQNUXSWFLHVLQUHFHQW\HDUVLQFOXGLQJIn re SLT Holdco, Inc&DVH1R%DQNU'1-

In re Thomas Health System, Inc&DVH1R%DQNU6':9,QUH/0&++

3&3//&&DVH1R%DQNU('/DIn re Life Care St. Johns, Inc&DVH1R

EN-$)%DQNU0')ODIn re Ocala Funding, LLC&DVH1REM

-$)%DQNU0')ODDQGIn re Taylor Bean & Whitaker Mortgage Corp&DVH1R

EN-$)%DQNU0')OD

 0U /XULD VHUYHV DV 3UHVLGHQW DQG OHDGV 62/,&¶V 5HVWUXFWXULQJ DQG 'LVWUHVVHG

$VVHW6XSSRUW6HUYLFHVGLYLVLRQV+HVSHFLDOL]HVLQFDSLWDOUHVWUXFWXULQJRSHUDWLRQDOUHPHGLDWLRQ

DOWHUQDWLYH UHFRYHU\ VWUDWHJ\ DQG H[HFXWLRQ VXSSRUW RQ EHKDOI RI 62/,&¶V FOLHQWV +H KDV

VLJQLILFDQWH[SHULHQFHQHJRWLDWLQJDQGUHVWUXFWXULQJEDODQFHVKHHWREOLJDWLRQVDQGRYHUVHHLQJDVVHW

GLYHVWLWXUHVDQGRUGHUO\OLTXLGDWLRQV0U/XULDKDVVHUYHGLQWKHFDSDFLW\RI&KLHI5HVWUXFWXULQJ

2IILFHULQQXPHURXVPDWWHUVLQFOXGLQJVHUYLQJDVD&KLHI5HVWUXFWXULQJ2IILFHURI7D\ORU%HDQ

	:KLWDNHU0RUWJDJH&RUSIn re Taylor Bean & Whitaker Mortgage Corp.&DVH1REN

-$)%DQNU0')ODE&KLHI5HVWUXFWXULQJ2IILFHURI/RXLVLDQD0HGLFDO&HQWHU

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 4 of 47




DQG+HDUW+RVSLWDOIn re LMCHH PCP, LLC&DVH1R%DQNU('/DF

3%, 5HJLRQDO 0HGLFDO &HQWHU In re Beth Israel Hospital Association of Passaic d/b/a PBI 

Regional Medical Center&DVH1R%DQNU'1-DQGG&KLHI5HVWUXFWXULQJ

2IILFHURI2FDOD)XQGLQJ//&In re Ocala Funding, LLC&DVH1REM-$)%DQNU

0')OD,QDGGLWLRQ0U/XULDKDVVHUYHGDV/LTXLGDWLQJ7UXVWHHRIDQXPEHURIHQWLWLHV

ZKLFKIRUPHGXSRQFRQVXPPDWLRQRIVXFFHVVIXOFKDSWHUFDVHVLQFOXGLQJLQWKHFKDSWHUFDVHV

RI6DJH&UHVW//&0RUWJDJH/HQGHUV1HWZRUN86$DQG2UWKRGRQWLF&HQWHUVRI$PHULFD

 7DPDUDF DQG 8QLSKDUPD UHWDLQHG 62/,& DV DQ DGYLVRU RQ 2FWREHU  

62/,&VLQFHKDVDFTXLUHGNQRZOHGJHRIWKH'HEWRUVDQGWKHLUEXVLQHVVDQGQRZLVIDPLOLDUZLWK

WKH'HEWRUV¶EXVLQHVVILQDQFLDODIIDLUVGHEWVWUXFWXUHRSHUDWLRQVDQGVWUDWHJLFFKDOOHQJHV'XULQJ

WKH UHODWLYHO\ EULHI WHQXUH RI LWV UHWHQWLRQ E\ 7DPDUDF DQG 8QLSKDUPD 62/,& KDV HQJDJHG

H[WHQVLYHO\ZLWKWKH'HEWRUV¶HPSOR\HHVDQGWKH'HEWRUV¶RWKHUDGYLVRUV62/,&KDVDOVRHQJDJHG

RQWKH'HEWRUV¶EHKDOIZLWKPXOWLSOHVLJQLILFDQWVWDNHKROGHUVRIWKH'HEWRUVLQFOXGLQJWKH'HEWRUV¶

VHFXUHGFUHGLWRUV$FFRUGLQJO\62/,&KDVGHYHORSHGUHOHYDQWH[SHULHQFHUHJDUGLQJWKH'HEWRUV

WKDWZLOODVVLVWLWLQSURYLGLQJHIIHFWLYHDQGHIILFLHQWVHUYLFHVWRWKH'HEWRUVLQWKHVHEDQNUXSWF\

FDVHV

 7KH'HEWRUVEHOLHYHWKDW62/,&LVZHOOTXDOLILHGDQGDEOHWRDGYLVHLWLQDFRVW

HIIHFWLYH HIILFLHQW DQGWLPHO\PDQQHU7KH 'HEWRUV KDYH EHHQ DGYLVHG E\ 62/,&WKDWLW ZLOO

HQGHDYRUWRFRRUGLQDWHZLWKWKHRWKHUSURIHVVLRQDOVUHWDLQHGLQWKHVHEDQNUXSWF\FDVHVWRSUHYHQW

XQQHFHVVDU\GXSOLFDWLRQRIZRUN7KHUHIRUHWKH'HEWRUVVXEPLWWKDWWKHUHWHQWLRQDQGHPSOR\PHQW

RI62/,&LVLQWKHEHVWLQWHUHVWRIWKHLUHVWDWHV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 5 of 47




6HUYLFHVWREH5HQGHUHG

 $VSHUWKHWHUPVFRQWDLQHGLQWKH$JUHHPHQWDWWDFKHGKHUHWRDV ([KLELW3% ́DW

WKHUHTXHVWDQGGLUHFWLRQRIWKH'HEWRUV62/,&¶VUROHZLOOVSHFLILFDOO\LQFOXGHZRUNLQJZLWKWKH

'HEWRUV¶%RDUGDQGLWVRIILFHUVHPSOR\HHVDQGSURIHVVLRQDOVZLWKUHVSHFWWRWKHIROORZLQJ

D 3URYLVLRQRI0U/XULDWRVHUYHDVWKH&520U:DLWH3RSHMR\WRVHUYHDVWKH&)2

0U*UHJRU\+DJRRGWRVHUYHDVWKH(93RI6WUDWHJ\0U5REHUW$QQDVWRVHUYH

DVWKH(93RI2SHUDWLRQV0U0DWWKHZ&DLQHWRVHUYHDVWKH93RI6WUDWHJ\DQG

0V0DU\'UHVVOHUDVWKH'LUHFWRURI6WUDWHJ\

E 7KH&52DQGWKH&)2ZLOOZRUNZLWKWKH%RDUGDQGLWVRIILFHUVHPSOR\HHVDQG

SURIHVVLRQDOVZLWKUHVSHFWWRWKHIROORZLQJWKH35HVWUXFWXULQJ6HUYLFHV ́

L 0DQDJHPHQWRIWKH3ZRUNLQJJURXS ́RISURIHVVLRQDOVZKRDUHDVVLVWLQJWKH

'HEWRUV LQ WKH UHRUJDQL]DWLRQ SURFHVV WR HQKDQFH FRRUGLQDWLRQ RI WKHLU

HIIRUWV DQG LQGLYLGXDO ZRUN SURGXFW FRQVLVWHQW ZLWK WKH 'HEWRUV¶ RYHUDOO

UHVWUXFWXULQJJRDOV

LL 3URYLGLQJWKH'HEWRUVDVVLVWDQFHLQFRQQHFWLRQZLWKWKHGHYHORSPHQWRID

UROOLQJZHHNFDVKIORZIRUHFDVW

LLL 5HYLHZLQJWKH'HEWRUV¶FXUUHQWILQDQFLDOSRVLWLRQRSHUDWLRQWUHQGVFDSLWDO

QHHGVILQDQFLDORXWORRNVWDQGDORQHYLDELOLW\DQGPDUNHWSRVLWLRQ

LY $VVLVWLQJ PDQDJHPHQW LQ WKH GHYHORSPHQW RI DQ LQWHJUDWHG ILQDQFLDO

IRUHFDVWPRGHO

Y $VVLVWLQJLQWKHSUHSDUDWLRQRIVWDWHPHQWVRIILQDQFLDODIIDLUVVFKHGXOHVRI

DVVHWV DQG OLDELOLWLHV PRQWKO\ RSHUDWLQJ UHSRUWV GLVFORVXUH VWDWHPHQW

DQDO\VHV RU RWKHU ILQDQFLDO DQDO\VHV RU UHSRUWV DV PD\ EH UHDVRQDEO\

QHFHVVDU\LQFRQMXQFWLRQZLWKVXFKSURFHHGLQJV

YL $WWKHUHTXHVWRIWKH'HEWRUVDVVLVWLQJPDQDJHPHQWDQGWKH'HEWRUV¶OHJDO

FRXQVHOLQWKHUHYLHZRIDQ\WKUHDWHQHGRUXQIRUHVHHQOLWLJDWLRQFRQWLQJHQW

OLDELOLWLHVDQGUHJXODWRU\UHODWHGRUVXEPLVVLRQUHTXLUHPHQWV

YLL 5HYLHZLQJWKH'HEWRUV¶EXGJHWVDQGFDVKIORZIRUHFDVWV

YLLL &RPPXQLFDWLQJDQGRUQHJRWLDWLQJZLWKRXWVLGHFRQVWLWXHQWVLQFOXGLQJ

FUHGLWRUVDQGWKHLUDGYLVRUV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 6 of 47




L[ &RQVLGHUDWLRQ DQG LGHQWLILFDWLRQ RI SRWHQWLDO RSSRUWXQLWLHV IRU D VDOH

PHUJHUUHFDSLWDOL]DWLRQRUUHRUJDQL]DWLRQD37UDQVDFWLRQ ́

RIWKH'HEWRUV

RUWKHDVVHWVRIWKH'HEWRUV

[ $GYLVLQJ WKH 'HEWRUV FRQFHUQLQJ RSSRUWXQLWLHV IRU D 7UDQVDFWLRQ RU

7UDQVDFWLRQV

[L 3DUWLFLSDWLQJ ZLWK WKH 'HEWRUV¶ FRXQVHO RQ WKH 'HEWRUV¶ EHKDOI LQ

QHJRWLDWLRQVFRQFHUQLQJD7UDQVDFWLRQRU7UDQVDFWLRQVDQG

[LL 3URYLGLQJRYHUVLJKWDQGPDQDJHPHQWRIWKHSRVWVDOHDQGSRVWEDQNUXSWF\

ZLQGGRZQ DQG RUGHUO\ OLTXLGDWLRQ RIWKH 'HEWRUV¶ UHPDLQLQJ DVVHWV DQG

OLDELOLWLHVWKURXJKD3ODQRI/LTXLGDWLRQRURWKHUZLVH)ROORZLQJWKHFORVLQJ

RID7UDQVDFWLRQVXFKZLQGGRZQDFWLYLWLHVPD\LQFOXGHPRQLWRULQJRIWKH

'HEWRUV¶ FRPSOLDQFH ZLWK DOO SRVWFORVLQJ REOLJDWLRQV DVVLVWLQJ LQ

GHYHORSPHQW DQG PDLQWHQDQFH RI ZLQGGRZQ EXGJHWV PRQLWRULQJ WKH

UHVROXWLRQ RI HPSOR\HHUHODWHG OLDELOLWLHV DFFUXHG SD\UROO VHYHUDQFH

UHWLUHPHQW EHQHILWV DQG WHUPLQDWLRQ RI DVVRFLDWHG UHWLUHPHQW SODQV RU

PHGLFDO SODQV QHJRWLDWLRQDQG VHWWOHPHQW RI GLUHFWFODLPVLPSDFWLQJWKH

GHEWRUV

F 7KH(93RI6WUDWHJ\WKH93RI6WUDWHJ\DQGWKH'LUHFWRURI6WUDWHJ\ZLOOZRUN

ZLWK WKH %RDUG DQG LWV RIILFHUV HPSOR\HHV DQG SURIHVVLRQDOV WR SURYLGH WKH

7UDQVDFWLRQDO6HUYLFHVGHVFULEHGLQWKH$JUHHPHQW

G *LYHQWKHG\QDPLFVWDWHRIWKH'HEWRUV¶DIIDLUV62/,&ZLOOVXSSOHPHQWWKH,QWHULP

2IILFHUVIURPWLPHWRWLPHDVGHHPHGQHFHVVDU\E\WKH&52WRSURYLGHWKHVHUYLFHV

GHVFULEHGLQWKH$JUHHPHQW7KHZRUNRILQGLYLGXDOVRWKHUWKDQWKH&52WKH&)2

WKH(936WUDWHJ\WKH93RI6WUDWHJ\DQGWKH'LUHFWRURI6WUDWHJ\ZLOOEHGHHPHG

WREH36XSSOHPHQWDO6XSSRUW6HUYLFHV ́7KH6XSSOHPHQWDO6XSSRUW6HUYLFHVVKDOO

DOVRLQFOXGHDQ\RSHUDWLRQDODVVLVWDQFHRURWKHUVHUYLFHVSURYLGHGE\5REHUW$QQDV

EDQNUXSWF\DGPLQLVWUDWLYHVHUYLFHVSURYLGHGE\62/,&SURIHVVLRQDOVRWKHUWKDQWKH

,QWHULP 2IILFHUV KXPDQ UHVRXUFHV DVVLVWDQFH E\ 0HJ )LQQHJDQ LQIRUPDWLRQ

WHFKQRORJ\DVVLVWDQFHDQGRUOLWLJDWLRQVXSSRUWRURWKHUIRUHQVLFLQYHVWLJDWRU\ZRUN

XQGHUWDNHQE\62/,&SURIHVVLRQDOVDWWKHGLUHFWLRQRIFRXQVHO



37UDQVDFWLRQ ́LVGHILQHGLQWKH$JUHHPHQWDQGLQFOXGHVZLWKRXWOLPLWDWLRQDQ\WUDQVDFWLRQRUVHULHVRUFRPELQDWLRQ

RI WUDQVDFWLRQV ZKHUHE\ GLUHFWO\ RU LQGLUHFWO\ FRQWURO RI RU D PDWHULDO LQWHUHVW LQ WKH 'HEWRUV RU DQ\ RI WKHLU

EXVLQHVVHVRUDQ\RIWKHLUUHVSHFWLYHDVVHWVLQFOXGLQJZLWKRXWOLPLWDWLRQWKHVDOHRIUHDOHVWDWHHTXLSPHQWPHGLFDO

VXSSOLHVSKDUPDFHXWLFDOVDFFRXQWVUHFHLYDEOHRUFRQWUDFWXDODJUHHPHQWVWRRQHRUPRUHWKLUGSDUWLHVLVWUDQVIHUUHG

IRUFRQVLGHUDWLRQLQFOXGLQJZLWKRXWOLPLWDWLRQDVDOHRUH[FKDQJHRIFDSLWDOVWRFNRUDVVHWVDOHDVHRIDVVHWVZLWKRU

ZLWKRXWDSXUFKDVHRSWLRQDPHUJHURUFRQVROLGDWLRQDWHQGHURUH[FKDQJHRIIHUDUHVWUXFWXULQJDUHFDSLWDOL]DWLRQD

UHSXUFKDVH RI FDSLWDO VWRFN DQ H[WUDRUGLQDU\ GLYLGHQG RU GLVWULEXWLRQ WKH IRUPDWLRQ RI D MRLQW YHQWXUH VWUDWHJLF

DIILOLDWLRQRUSDUWQHUVKLSRUDQ\VLPLODUWUDQVDFWLRQ

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 7 of 47




7HUPVRI5HWHQWLRQDQG&RPSHQVDWLRQ

 7KHWHUPVRI62/,&¶VSURSRVHGFRPSHQVDWLRQDUHVHWIRUWKLQWKH$JUHHPHQW7KH

'HEWRUVUHTXHVWWKDW62/,&EHFRPSHQVDWHGIRULWVVHUYLFHVWRWKH'HEWRUVGXULQJWKHFRXUVHRI

WKHVHEDQNUXSWF\FDVHVDVIROORZV$VFRPSHQVDWLRQRIWKH5HVWUXFWXULQJ6HUYLFHVDQG7UDQVDFWLRQ

6HUYLFHV62/,&ZLOOEHSDLGDPRQWKO\ IHH WKH30RQWKO\)HH ́ RI IRUWKH ILUVWWZR

PRQWKVIROORZLQJH[HFXWLRQRIWKH$JUHHPHQWIRUWKHQH[WWZRPRQWKVDQG

SHUPRQWKWKHUHDIWHUSD\DEOHLQDGYDQFHLQLPPHGLDWHO\DYDLODEOHIXQGVYLDWKHZLUHLQVWUXFWLRQV

VHW IRUWKRQ([KLELW$WRWKH$JUHHPHQWRQHDFKPRQWKO\DQQLYHUVDU\ RIWKHH[HFXWLRQRIWKH

$JUHHPHQWRUWKHQH[WEXVLQHVVGD\LIVXFKGD\IDOOVRQDZHHNHQGRUKROLGD\

 :LWK UHVSHFW WR DQ\ 6XSSOHPHQWDO 6XSSRUW 6HUYLFHV SURYLGHG E\ 62/,&

SURIHVVLRQDOV XQGHU WKH $JUHHPHQW 62/,& VKDOO EH FRPSHQVDWHG RQ DQ KRXUO\ EDVLV DW WKH

UHVSHFWLYH62/,&SURIHVVLRQDO¶VVWDQGDUGKRXUO\UDWHVWKH3+RXUO\)HHV ́DVVHWIRUWKLQWKHWDEOH

EHORZ ZKLFK IHHVZLOO EH VXEMHFWWR SHULRGLFDGMXVWPHQWXSRQ QRWLFHWRWKH'HEWRUVWR UHIOHFW

HFRQRPLFDQGRWKHUFRQGLWLRQV

6HQLRU0DQDJLQJ'LUHFWRUV6HQLRU$GYLVRUV KU

0DQDJLQJ'LUHFWRUV KU

'LUHFWRUV KU

9LFH3UHVLGHQW KU

6HQLRU$VVRFLDWH KU

$VVRFLDWHV$QDO\VWV KU

3DUDSURIHVVLRQDOV KU

 ,QDGGLWLRQWRWKH0RQWKO\)HHVDQGWKH+RXUO\)HHVLQWKHHYHQWRID7UDQVDFWLRQ

WKH'HEWRUVDJUHHWRSD\62/,&D3'HIHUUHG5HVWUXFWXULQJ)HH ́HTXDOWRXSRQWKHFORVH

RURWKHUFRQVXPPDWLRQRID7UDQVDFWLRQDVGHILQHGDQGGLVFXVVHGLQWKH$JUHHPHQW

 $VRIWKH3HWLWLRQ'DWH62/,&KHOGDUHWDLQHUIURPWKH'HEWRUVLQWKHDPRXQWRI

WKH35HWDLQHU ́3XUVXDQWWRWKH$JUHHPHQWWKH'HEWRUVKDYHDJUHHGWKDWWKHDPRXQW

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 8 of 47




RIWKH5HWDLQHUKHOGE\62/,&ZLOODWDOOWLPHVEHQRWOHVVWKDQDQGWKDWWKH'HEWRUV

ZLOOIURPWLPHWRWLPHUHPLWWR62/,&VXFKDGGLWLRQDODPRXQWVDVPD\EHQHFHVVDU\WRPDLQWDLQ

WKH WRWDO DPRXQW RI WKH 5HWDLQHU DW   $V VHW IRUWK LQ WKH $JUHHPHQW DQ\ XQXVHG

5HWDLQHUVKDOOEHDSSOLHGWRWKHILQDOLQYRLFHRUUHWXUQHGDWWKHWHUPLQDWLRQRI62/,&¶VHQJDJHPHQW

 7KH 'HEWRUV DOVR KDYH DJUHHGWR UHLPEXUVH 62/,& IRULWV UHDVRQDEOH H[SHQVHV

LQFOXGLQJ RXWRISRFNHW WUDYHOUHODWHG H[SHQVHV GRFXPHQW SURGXFWLRQ ID[ WUDQVPLVVLRQV

WHOHFRQIHUHQFLQJFKDUJHVOHJDOIHHVDQGRWKHUH[SHQVHVRIWKLVW\SHWKDWDUHDVVRFLDWHGZLWKWKH

$JUHHPHQWLQFOXGLQJIHHDSSOLFDWLRQH[SHQVHVDQGGLVFRYHU\FRVWVDQGGHIHQVHFRVWVSURYLGHG

WKDW 62/,& VKDOO QRW VHHN UHLPEXUVHPHQW RI DQ\ H[SHQVH DULVLQJIURP WKH GHIHQVH RI DQ\ RI

62/,&¶VIHHDSSOLFDWLRQVLQWKHVHEDQNUXSWF\FDVHV

 $VGHVFULEHGPRUHIXOO\LQWKH/XULD'HFODUDWLRQWKHWHUPVRIWKH$JUHHPHQWDUH

VLPLODUWRWKHWHUPVERWK ILQDQFLDODQGRWKHUZLVHDJUHHGWRE\62/,& ERWKLQVLGHDQG RXW RI

EDQNUXSWF\7KHWHUPVRIWKH$JUHHPHQWZHUHQHJRWLDWHGEHWZHHQWKH'HEWRUVDQG62/,&DQG

UHIOHFW H[WHQVLYH ZRUN WR EH SHUIRUPHG E\ 62/,& LQ WKHVH EDQNUXSWF\ FDVHV DQG WKH ILUP¶V

H[SHUWLVH

 %HFDXVHWKH'HEWRUVVHHNWRUHWDLQ62/,&SXUVXDQWWRVHFWLRQVDDQGE

RI WKH %DQNUXSWF\ &RGH WKH 'HEWRUV UHTXHVW WKDW 62/,& QRW EH UHTXLUHG WR VXEPLW UHJXODU

DSSOLFDWLRQVWRWKLV&RXUWDSSURYLQJLWVFRPSHQVDWLRQ7KH'HEWRUVVXEPLWWKDW62/,&¶VSURSRVHG

FRPSHQVDWLRQVWUXFWXUHDVGHVFULEHGLQWKH$JUHHPHQWVKRXOGEHDSSURYHG

 2WKHUWKDQDVVHWIRUWKKHUHLQQRDUUDQJHPHQWLVSURSRVHGEHWZHHQWKH'HEWRUVDQG

62/,&IRUFRPSHQVDWLRQWREHSDLGLQWKHVHEDQNUXSWF\FDVHV,QOLJKWRIWKHDERYHWKH'HEWRUV

VXEPLWWKDWVXFKSURSRVHGFRPSHQVDWLRQLVIDLUDQGUHDVRQDEOHDQGVKRXOGEHDSSURYHGSXUVXDQW

WRWKH%DQNUXSWF\&RGH

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 9 of 47




 7KH$JUHHPHQWVKDOOEHDJRYHUQHGDQGFRQVWUXHGLQDFFRUGDQFHZLWKWKHODZV

RI )ORULGD UHJDUGOHVV RI WKH ODZV WKDW PLJKW RWKHUZLVH JRYHUQ XQGHU DSSOLFDEOH SULQFLSOHV RI

FRQIOLFWRIODZVWKHUHRIELQFRUSRUDWHGWKHHQWLUHXQGHUVWDQGLQJRIWKHSDUWLHVZLWKUHVSHFWWRWKH

VXEMHFWPDWWHUWKHUHRIDQGFPD\QRWEHDPHQGHGRUPRGLILHGH[FHSWLQZULWLQJH[HFXWHGE\HDFK

RIWKHVLJQDWRULHVWKHUHWR

$SSOLFDEOH$XWKRULW\

 6HFWLRQDRIWKH%DQNUXSWF\&RGHSURYLGHVLQSHUWLQHQWSDUWWKDW3>W@KHFRXUW

PD\LVVXHDQRUGHUSURFHVVRUMXGJPHQWWKDWLVQHFHVVDU\RUDSSURSULDWHWRFDUU\RXWWKHSURYLVLRQV

RIWKLVWLWOH ́86&D6HFWLRQERIWKH%DQNUXSWF\&RGHSURYLGHVLQSDUWWKDWD

GHEWRULQSRVVHVVLRQ3DIWHUQRWLFHDQGKHDULQJPD\XVHVHOORUOHDVHRWKHUWKDQLQWKHRUGLQDU\

FRXUVHRIEXVLQHVVSURSHUW\RIWKHHVWDWH ́86&E8QGHUDSSOLFDEOHFDVHODZLID

GHEWRU
VSURSRVHGXVHRILWVDVVHWVSXUVXDQWWRVHFWLRQERIWKH%DQNUXSWF\&RGHUHSUHVHQWVD

UHDVRQDEOHEXVLQHVVMXGJPHQWRQWKHSDUWRIWKHGHEWRUVXFKXVHVKRXOGEHDSSURYHG6HHHJIn 

re Gulf States, Steel, Inc.%5 %DQNU1'$ODStephens Indus., Inc. v. 

McClung)GWK&LUMyers v. Martin (In re Martin))GG

&LU  FLWLQJFulton State Bank v. Schipper (In re Schipper)  )G   WK&LU

Comm. Of Equity Sec. Holders v. Lionel Corp. (In re Lionel Corp.))G

G&LUIn re Delaware & Hudson R.R. Co.%5''HOFRXUWVKDYH

DSSOLHGWKH3VRXQGEXVLQHVVSXUSRVH ́WHVWWRHYDOXDWHPRWLRQVEURXJKWSXUVXDQWWRVHFWLRQE

Committee of Asbestos-Related Litigants v. Johns-Manville Corp. (In re Johns Manville Corp.)

%5%DQNU6'1<3:KHUHWKHGHEWRUDUWLFXODWHVDUHDVRQDEOHEDVLVIRULWV

EXVLQHVV GHFLVLRQV DV GLVWLQFW IURP D GHFLVLRQ PDGH DUELWUDULO\ RU FDSULFLRXVO\ FRXUWV ZLOO

JHQHUDOO\QRWHQWHUWDLQREMHFWLRQVWRGHEWRU
VFRQGXFW ́

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 10 of 47




 7KHUHWHQWLRQRILQWHULPFRUSRUDWHRIILFHUVDQGRWKHUWHPSRUDU\HPSOR\HHVLVSURSHU

XQGHU VHFWLRQ  RI WKH %DQNUXSWF\ &RGH  &RXUWV LQ )ORULGD KDYH DXWKRUL]HG UHWHQWLRQ RI

WHPSRUDU\HPSOR\HHVWR SURYLGH UHVWUXFWXULQJ VHUYLFHVDQGLQWHULPPDQDJHPHQW VHUYLFHV XQGHU

RIWKH%DQNUXSWF\&RGH6HHIn re Adinath Corp., et al.&DVH1R/0,%DQNU

6')OD0D\In re Ruden McClosky P.A. &DVH1R5%5%DQNU6')OD

'HFHPEHUIn re Old Corkscrew Plantation, LLC, et al.&DVH1R%66%DQNU

0')OD$XJXVWIn re Robb & Stucky Limited LLLP, &DVH1R&('%DQNU

0')OD0DUFKIn re Adinath Corp., et al., &DVH1R/0,%DQNU6')OD

$SU  In re Star Computer Group, Inc., &DVH 1R $-& %DQNU 6' )OD

2FWREHUIn re The Treatment Center of the Palm Beaches, LLC, &DVH1R

(3.%DQNU6')OD-XO\In re Just One More Restaurant Corp., et al., &DVH1R

)0' %DQNU 0' )OD $SU   In re Ocala Funding, LLC &DVH 1R 

EM-$)%DQNU0')ODDQGIn re Taylor Bean & Whitaker Mortgage Corp&DVH

1REN-$)%DQNU0')OD

 7KH'HEWRUV¶SURSRVHGUHWHQWLRQDQGHPSOR\PHQWRI62/,&VDWLVILHVWKHDSSOLFDEOH

DXWKRULW\DQGLVDVRXQGH[HUFLVHRIWKH'HEWRUV¶EXVLQHVVMXGJPHQW7RDVVLVWLQWKHLUUHVWUXFWXULQJ

HIIRUWV WKH 'HEWRUV QHHG VSHFLDOL]HG DGYLFH IURP H[SHULHQFHG RSHUDWLRQV SURIHVVLRQDOV  $V

GHVFULEHGLQWKH/XULD'HFODUDWLRQ/XULDWKH RWKHU ,QWHULP2IILFHUV DQGWKH SURSRVHG62/,&

VXSSRUWVWDIIKDYHYDVWH[SHULHQFHZLWKUHVWUXFWXULQJVLPLODURUJDQL]DWLRQVDQGKDYHDOUHDG\EHHQ

SURYLGLQJ VHUYLFHVWRWKH'HEWRUV XQGHUWKH$JUHHPHQW/XULDWKH RWKHU ,QWHULP2IILFHUVDQG

62/,&WKXV DUH XQLTXHO\ TXDOLILHGWR SURYLGHWKH SURSRVHG VHUYLFHVWRWKH 'HEWRUV ZKLFK DUH

QHFHVVDU\IRUWKH'HEWRUVWRQDYLJDWHWKHVHEDQNUXSWF\FDVHV$FFRUGLQJO\WKH'HEWRUVXEPLWWKDW

WKHUHOLHIVRXJKWKHUHLQLVLQWKHEHVWLQWHUHVWRIWKH'HEWRUVWKHLUFUHGLWRUVDQGRWKHUSDUWLHVLQ

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 11 of 47



(;+,%,7$

/XULD'HFODUDWLRQ

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 13 of 47
81,7('67$7(6%$1.5837&<&2857

6287+(51',675,&72))/25,'$

)257/$8'(5'$/(',9,6,21

ZZZIOVEXVFRXUWVJRY

,QUH       



7$0$5$&//&DQG   &DVH1RBBBBBBBBBBBBBBBBBBBB

81,3+$50$//&    &DVH1RBBBBBBBBBBBBBBBBBBBB

 'HEWRUV     &KDSWHU&DVHV

       -RLQW$GPLQLVWUDWLRQ3HQGLQJ

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

'(&/$5$7,212)1(,/)/85,$,168332572)'(%7256¶$33/,&$7,21

)25$33529$/2)$*5((0(17:,7+62/,&&$3,7$/$'9,6256//&

$1'62/,&&$3,7$///&723529,'(7+(6(59,&(62),1(,/)/85,$

$6&+,()5(6758&785,1*2)),&(5,,&(57$,127+(5,17(5,0

2)),&(56$1',,,&(57$,168332573(56211(/

1HLO)/XULDXQGHUSHQDOW\RISHUMXU\KHUHE\GHFODUHVDVIROORZ

 ,DPD6HQLRU0DQDJLQJ'LUHFWRUDW62/,&&DSLWDO$GYLVRUV//&62/,&&DSLWDO

$GYLVRUV //& LV D SURIHVVLRQDO VHUYLFHV ILUP HQJDJHG LQ WKH EXVLQHVV RI SURYLGLQJ ILQDQFLDO

DGYLVRU\DQGGLVWUHVVHGDVVHWPDQDJHPHQWVHUYLFHVZLWKRIILFHVORFDWHGDW:HVW1HZ(QJODQG

$YHQXH6XLWH:LQWHU3DUN)ORULGD62/,&&DSLWDO//&RSHUDWHVRXWRIWKHVDPH

RIILFHV DQG DOVR SURYLGHV LQYHVWPHQW EDQNLQJ SULYDWH SODFHPHQW PHUJHU DFTXLVLWLRQ DQG

GLYHVWLWXUHVHUYLFHV62/,&&DSLWDO//&DQG62/,&&DSLWDO$GYLVRUV//&362/,& ́7KLV

'HFODUDWLRQLVVXEPLWWHGLQVXSSRUWRIDebtors’ Application, Pursuant to Section 105(a) and 363 

of the Bankruptcy Code, for Approval of Agreement with SOLIC Capital Advisors, LLC and SOLIC 

Capital, LLC to Provide Services of (I) Neil F. Luria as Chief Restructuring Officer, (II) Certain 

Other Interim Officers, and (III) Certain Support Personnel Effective as of the Petition Date WKH

3$SSOLFDWLRQ ́([FHSW DV RWKHUZLVHLQGLFDWHGWKH VWDWHPHQWV FRQWDLQHG KHUHLQ DUH EDVHG XSRQ

7KHODVWIRXUGLJLWVRIHDFK'HEWRU¶VIHGHUDOWD[LGHQWLILFDWLRQQXPEHUDUH7DPDUDF//&

DQG8QLSKDUPD//&7KHDGGUHVVRIWKH'HEWRUVLV1:WK6WUHHW7DPDUDF)/

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 14 of 47




SHUVRQDO NQRZOHGJH LQIRUPDWLRQ SURYLGHG E\ P\ FROOHDJXHV RU VXSSRUW VWDII DW 62/,& RU

LQIRUPDWLRQ,REWDLQHGE\UHYLHZLQJUHOHYDQWGRFXPHQWV

 7R WKH H[WHQW WKDW DQ\ LQIRUPDWLRQ GLVFORVHG KHUHLQ UHTXLUHV DPHQGPHQW

PRGLILFDWLRQ RU VXSSOHPHQW GXH WR 62/,&¶V UHFHLSW RI DGGLWLRQDO LQIRUPDWLRQ LQFOXGLQJ DV

DGGLWLRQDOFUHGLWRULQIRUPDWLRQEHFRPHVDYDLODEOHDVXSSOHPHQWDOGHFODUDWLRQZLOOEHVXEPLWWHG

WRWKH&RXUW

 3ULRUWRWKH3HWLWLRQ'DWHRQ2FWREHUWKH'HEWRUVHPSOR\HG62/,&LQ

FRQQHFWLRQ ZLWK WKHLU ILQDQFLDO DQG RSHUDWLRQDO UHVWUXFWXULQJ 6XEVHTXHQWO\ RQ 1RYHPEHU 

 WKH %RDUG RI 8QLSKDUPD DQG WKH 0DQDJHU RI 7DPDUDF HDFK DSSRLQWHG PH DV &52 DQ

DSSRLQWPHQW , DFFHSWHG 3XUVXDQW WR WKH DJUHHPHQW EHWZHHQ WKH 'HEWRUV DQG 62/,& GDWHG

1RYHPEHU   DWWDFKHG KHUHWR DV([KLELW 3$ ́ DQG GHVFULEHG LQ VRPH GHWDLO EHORZ WKH

3$JUHHPHQW ́62/,&DJUHHGWRSURYLGH DP\VHUYLFHVDV&52EWKHVHUYLFHVRIWKHRWKHU

,QWHULP2IILFHUVDVGHILQHGEHORZDQGFWKHVHUYLFHVRIFHUWDLQVXSSRUWSHUVRQQHO7RHQVXUH

WKDW 62/,& ZDV QRW DQG ZRXOG QRW EHFRPH D FUHGLWRU RI WKH 'HEWRUV L LQ FRQQHFWLRQ ZLWK

62/,&¶VUHWHQWLRQWKH'HEWRUVSURYLGHG62/,&ZLWKDQLQLWLDOUHWDLQHULQWKHDPRXQWRI

DVGUDZQDQGUHIUHVKHGIURPWLPHWRWLPHWKH35HWDLQHU ́WRVHFXUHSD\PHQWIRUVHUYLFHVWREH

UHQGHUHG E\ 62/,& LL WKH 'HEWRUV KDYH SUHSDLG 62/,& IRU VHUYLFHV UHQGHUHG DQG LLL WKH

'HEWRUVKDYHUHIUHVKHGWKH5HWDLQHU$VDUHVXOW62/,&DWDOOWLPHVVLQFHLWVHPSOR\PHQWE\WKH

'HEWRUVKDVPDLQWDLQHGD5HWDLQHUEDODQFHLQH[FHVVRIWKHYDOXHRIVHUYLFHVUHQGHUHGEXWXQSDLG

 62/,& SURYLGHV D EURDG UDQJH RI VHUYLFHV WR LWV FOLHQWV DQG LW KDV H[WHQVLYH

H[SHULHQFH LQ GHDOLQJ ZLWK D IXOO UDQJH RI LVVXHV DQG FKDOOHQJHV WKDW DULVH LQ FRUSRUDWH

UHVWUXFWXULQJV DQG EXVLQHVV UHRUJDQL]DWLRQV 62/,&¶V SURIHVVLRQDOV KDYH UHSUHVHQWHG YDULRXV

VWDNHKROGHUV LQ D QXPEHU RI GLVWUHVVHG VLWXDWLRQV RYHU WKH ODVW  \HDUV LQFOXGLQJ XQVHFXUHG

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 15 of 47




FUHGLWRUVVHQLRUOHQGHUVHTXLW\KROGHUVDQGGHEWRUV62/,&¶VZLGHVSUHDGH[SHULHQFHLQSURYLGLQJ

UHVWUXFWXULQJDQGILQDQFLDODGYLVRU\VHUYLFHVLQFOXGHVUHRUJDQL]DWLRQSURFHHGLQJVWKURXJKZKLFK

62/,&KDVHDUQHGDQH[FHOOHQWUHSXWDWLRQIRUWKHVHUYLFHVLWKDVUHQGHUHGLQFKDSWHUFDVHVRQ

EHKDOIRIGHEWRUVFUHGLWRUVDQGRWKHUVWDNHKROGHUV,QWKHUHFHQW\HDUVWKH62/,&SURIHVVLRQDOV

ZKR DUHLQYROYHGLQWKH 'HEWRUV¶&KDSWHU  FDVHV KDYH EHHQLQYROYHG LQ P\ULDG&KDSWHU 

EDQNUXSWFLHVLQFOXGLQJIn re SLT Holdco, Inc&DVH1R %DQNU'1-In re 

Thomas Health System, Inc&DVH1R %DQNU6':9In re LMCHH PCP, 

LLC&DVH1R%DQNU('/DIn re Life Care St. Johns, Inc&DVH1R

EN-$)%DQNU0')ODIn re Ocala Funding, LLC&DVH1REN-$)

%DQNU0')ODDQGIn re Taylor Bean & Whitaker Mortgage Corp&DVH1REN

-$)%DQNU0')OD

 ,QFRQQHFWLRQZLWKDQGVXEVHTXHQWWRLWVHQJDJHPHQWE\WKH'HEWRUVLQ2FWREHURI

62/,& KDV EHFRPH IDPLOLDUZLWKWKH'HEWRUV¶ EXVLQHVVHVDIIDLUV DVVHWVDQGFRQWUDFWXDO

DUUDQJHPHQWV$FFRUGLQJO\62/,&KDVDFTXLUHGWKHQHFHVVDU\EDFNJURXQGWRGHDOHIIHFWLYHO\DQG

HIILFLHQWO\ZLWKWKHPDQ\ILQDQFLDOLVVXHVWKDWPD\DULVHLQWKHFRQWH[WRIWKH'HEWRUV¶FKDSWHU

FDVHV

6HUYLFHVWREH5HQGHUHG

 $VSHUWKHWHUPVFRQWDLQHGLQWKH$JUHHPHQWDWWKH UHTXHVWDQGGLUHFWLRQRIWKH

'HEWRUV62/,&¶VUROHZLOOVSHFLILFDOO\LQFOXGHZRUNLQJZLWKWKH'HEWRUV¶%RDUGDQGLWVRIILFHUV

HPSOR\HHVDQGSURIHVVLRQDOVZLWKUHVSHFWWRWKHIROORZLQJ

D 3URYLVLRQRI0U/XULDWRVHUYHDVWKH&520U:DLWH3RSHMR\WRVHUYHDVWKH&)2

0U*UHJRU\+DJRRGWRVHUYHDVWKH(93RI6WUDWHJ\0U5REHUW$QQDVWRVHUYH

DVWKH(93RI2SHUDWLRQV0U0DWWKHZ&DLQHWRVHUYHDVWKH93RI6WUDWHJ\DQG

0V0DU\'UHVVOHUDVWKH'LUHFWRURI6WUDWHJ\

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 16 of 47




E 7KH&52DQGWKH&)2ZLOOZRUNZLWKWKH%RDUGDQGLWVRIILFHUVHPSOR\HHVDQG

SURIHVVLRQDOVZLWKUHVSHFWWRWKHIROORZLQJWKH35HVWUXFWXULQJ6HUYLFHV ́

L 0DQDJHPHQWRIWKH3ZRUNLQJJURXS ́RISURIHVVLRQDOVZKRDUHDVVLVWLQJWKH

'HEWRUV LQ WKH UHRUJDQL]DWLRQ SURFHVV WR HQKDQFH FRRUGLQDWLRQ RI WKHLU

HIIRUWV DQG LQGLYLGXDO ZRUN SURGXFW FRQVLVWHQW ZLWK WKH 'HEWRUV¶ RYHUDOO

UHVWUXFWXULQJJRDOV

LL 3URYLGLQJWKH'HEWRUVDVVLVWDQFHLQFRQQHFWLRQZLWKWKHGHYHORSPHQWRID

UROOLQJZHHNFDVKIORZIRUHFDVW

LLL 5HYLHZLQJWKH'HEWRUV¶FXUUHQWILQDQFLDOSRVLWLRQRSHUDWLRQWUHQGVFDSLWDO

QHHGVILQDQFLDORXWORRNVWDQGDORQHYLDELOLW\DQGPDUNHWSRVLWLRQ

LY $VVLVWLQJ PDQDJHPHQW LQ WKH GHYHORSPHQW RI DQ LQWHJUDWHG ILQDQFLDO

IRUHFDVWPRGHO

Y $VVLVWLQJLQWKHSUHSDUDWLRQRIVWDWHPHQWVRIILQDQFLDODIIDLUVVFKHGXOHVRI

DVVHWV DQG OLDELOLWLHV PRQWKO\ RSHUDWLQJ UHSRUWV GLVFORVXUH VWDWHPHQW

DQDO\VHV RU RWKHU ILQDQFLDO DQDO\VHV RU UHSRUWV DV PD\ EH UHDVRQDEO\

QHFHVVDU\LQFRQMXQFWLRQZLWKVXFKSURFHHGLQJV

YL $WWKHUHTXHVWRIWKH'HEWRUVDVVLVWLQJPDQDJHPHQWDQGWKH'HEWRUV¶OHJDO

FRXQVHOLQWKHUHYLHZRIDQ\WKUHDWHQHGRUXQIRUHVHHQOLWLJDWLRQFRQWLQJHQW

OLDELOLWLHVDQGUHJXODWRU\UHODWHGRUVXEPLVVLRQUHTXLUHPHQWV

YLL 5HYLHZLQJWKH'HEWRUV¶EXGJHWVDQGFDVKIORZIRUHFDVWV

YLLL &RPPXQLFDWLQJ DQGRU QHJRWLDWLQJ ZLWK RXWVLGH FRQVWLWXHQWV LQFOXGLQJ

FUHGLWRUVDQGWKHLUDGYLVRUV

L[ &RQVLGHUDWLRQ DQG LGHQWLILFDWLRQ RI SRWHQWLDO RSSRUWXQLWLHV IRU D VDOH

PHUJHUUHFDSLWDOL]DWLRQRUUHRUJDQL]DWLRQD37UDQVDFWLRQ ́

RIWKH'HEWRUV

RUWKHDVVHWVRIWKH'HEWRUV

[ $GYLVLQJ WKH 'HEWRUV FRQFHUQLQJ RSSRUWXQLWLHV IRU D 7UDQVDFWLRQ RU

7UDQVDFWLRQV



37UDQVDFWLRQ ́LVGHILQHGLQWKH$JUHHPHQWDQGLQFOXGHVZLWKRXWOLPLWDWLRQDQ\WUDQVDFWLRQRUVHULHVRUFRPELQDWLRQ

RI WUDQVDFWLRQV ZKHUHE\ GLUHFWO\ RU LQGLUHFWO\ FRQWURO RI RU D PDWHULDO LQWHUHVW LQ WKH 'HEWRUV RU DQ\ RI WKHLU

EXVLQHVVHVRUDQ\RIWKHLUUHVSHFWLYHDVVHWVLQFOXGLQJZLWKRXWOLPLWDWLRQWKHVDOHRIUHDOHVWDWHHTXLSPHQWPHGLFDO

VXSSOLHVSKDUPDFHXWLFDOVDFFRXQWVUHFHLYDEOHRUFRQWUDFWXDODJUHHPHQWVWRRQHRUPRUHWKLUGSDUWLHVLVWUDQVIHUUHG

IRUFRQVLGHUDWLRQLQFOXGLQJZLWKRXWOLPLWDWLRQDVDOHRUH[FKDQJHRIFDSLWDOVWRFNRUDVVHWVDOHDVHRIDVVHWVZLWKRU

ZLWKRXWDSXUFKDVHRSWLRQDPHUJHURUFRQVROLGDWLRQDWHQGHURUH[FKDQJHRIIHUDUHVWUXFWXULQJDUHFDSLWDOL]DWLRQD

UHSXUFKDVH RI FDSLWDO VWRFN DQ H[WUDRUGLQDU\ GLYLGHQG RU GLVWULEXWLRQ WKH IRUPDWLRQ RI D MRLQW YHQWXUH VWUDWHJLF

DIILOLDWLRQRUSDUWQHUVKLSRUDQ\VLPLODUWUDQVDFWLRQ

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 17 of 47




[L 3DUWLFLSDWLQJ ZLWK WKH 'HEWRUV¶ FRXQVHO RQ WKH 'HEWRUV¶ EHKDOI LQ

QHJRWLDWLRQVFRQFHUQLQJD7UDQVDFWLRQRU7UDQVDFWLRQVDQG

[LL 3URYLGLQJRYHUVLJKWDQGPDQDJHPHQWRIWKHSRVWVDOHDQGSRVWEDQNUXSWF\

ZLQGGRZQ DQG RUGHUO\ OLTXLGDWLRQ RIWKH 'HEWRUV¶ UHPDLQLQJ DVVHWV DQG

OLDELOLWLHVWKURXJKD3ODQRI/LTXLGDWLRQRURWKHUZLVH)ROORZLQJWKHFORVLQJ

RID7UDQVDFWLRQVXFKZLQGGRZQDFWLYLWLHVPD\LQFOXGHPRQLWRULQJRIWKH

'HEWRUV¶ FRPSOLDQFH ZLWK DOO SRVWFORVLQJ REOLJDWLRQV DVVLVWLQJ LQ

GHYHORSPHQW DQG PDLQWHQDQFH RI ZLQGGRZQ EXGJHWV PRQLWRULQJ WKH

UHVROXWLRQ RI HPSOR\HHUHODWHG OLDELOLWLHV DFFUXHG SD\UROO VHYHUDQFH

UHWLUHPHQW EHQHILWV DQG WHUPLQDWLRQ RI DVVRFLDWHG UHWLUHPHQW SODQV RU

PHGLFDO SODQV QHJRWLDWLRQDQG VHWWOHPHQW RI GLUHFWFODLPVLPSDFWLQJWKH

GHEWRUV

F 7KH(93RI6WUDWHJ\WKH93RI6WUDWHJ\DQGWKH'LUHFWRURI6WUDWHJ\ZLOOZRUN

ZLWK WKH %RDUG DQG LWV RIILFHUV HPSOR\HHV DQG SURIHVVLRQDOV WR SURYLGH WKH

7UDQVDFWLRQDO6HUYLFHVGHVFULEHGLQWKH$JUHHPHQW

G *LYHQWKHG\QDPLFVWDWHRIWKH'HEWRUV¶DIIDLUV62/,&ZLOOVXSSOHPHQWWKH,QWHULP

2IILFHUVIURPWLPHWRWLPHDVGHHPHGQHFHVVDU\E\WKH&52WRSURYLGHWKHVHUYLFHV

GHVFULEHGLQWKH$JUHHPHQW7KHZRUNRILQGLYLGXDOVRWKHUWKDQWKH&52WKH&)2

WKH(936WUDWHJ\WKH93RI6WUDWHJ\DQGWKH'LUHFWRURI6WUDWHJ\ZLOOEHGHHPHG

WREH36XSSOHPHQWDO6XSSRUW6HUYLFHV ́7KH6XSSOHPHQWDO6XSSRUW6HUYLFHVVKDOO

DOVRLQFOXGHDQ\RSHUDWLRQDODVVLVWDQFHRURWKHUVHUYLFHVSURYLGHGE\5REHUW$QQDV

EDQNUXSWF\DGPLQLVWUDWLYHVHUYLFHVSURYLGHGE\62/,&SURIHVVLRQDOVRWKHUWKDQWKH

,QWHULP 2IILFHUV KXPDQ UHVRXUFHV DVVLVWDQFH E\ 0HJ )LQQHJDQ LQIRUPDWLRQ

WHFKQRORJ\DVVLVWDQFHDQGRUOLWLJDWLRQVXSSRUWRURWKHUIRUHQVLFLQYHVWLJDWRU\ZRUN

XQGHUWDNHQE\62/,&SURIHVVLRQDOVDWWKHGLUHFWLRQRIFRXQVHO

&RPSHQVDWLRQ

 $VGHVFULEHGLQWKH$JUHHPHQWWKH'HEWRUVUHTXHVWWKDW62/,&EHFRPSHQVDWHGDV

IROORZVIRULWVVHUYLFHVGXULQJWKHFRXUVHRIWKH'HEWRUV¶FKDSWHUFDVHV

D $VFRPSHQVDWLRQIRUWKH5HVWUXFWXULQJ6HUYLFHVDQG7UDQVDFWLRQ6HUYLFHV62/,&

ZLOOEHSDLGDPRQWKO\IHHWKH30RQWKO\)HH ́RIIRUWKHILUVWWZRPRQWKV

IROORZLQJ H[HFXWLRQ RI WKH $JUHHPHQW  IRU WKH QH[W WZR PRQWKV DQG

SHUPRQWKWKHUHDIWHUSD\DEOHLQDGYDQFHLQLPPHGLDWHO\DYDLODEOHIXQGV

YLD WKH ZLUH LQVWUXFWLRQV VHW IRUWK RQ ([KLELW $ WR WKH $JUHHPHQW ZLWK WKH

0RQWKO\)HHSD\PHQWVSD\DEOHRQHDFKPRQWKO\DQQLYHUVDU\RIWKHH[HFXWLRQRI

WKH$JUHHPHQWWKHUHDIWHURUWKHQH[WEXVLQHVVGD\LIVXFKGD\IDOOVRQDZHHNHQGRU

KROLGD\

E $VFRPSHQVDWLRQIRUWKH6XSSOHPHQWDO6XSSRUW6HUYLFHV62/,&ZLOOEHSDLGRQDQ

KRXUO\EDVLVWKHUHVSHFWLYH62/,&SURIHVVLRQDO¶VVWDQGDUGKRXUO\UDWHWKH3+RXUO\

)HHV ́ DV VHW IRUWK LQ WKH WDEOH EHORZ ZKLFK IHHV ZLOO EH VXEMHFW WR SHULRGLF

DGMXVWPHQWXSRQQRWLFHWRWKH'HEWRUVWRUHIOHFWHFRQRPLFDQGRWKHUFRQGLWLRQV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 18 of 47




F ,QDGGLWLRQWRWKH0RQWKO\)HHVDQGWKH+RXUO\)HHVLQWKHHYHQWRID7UDQVDFWLRQ

WKH 'HEWRUV DJUHH WR SD\ 62/,& D VLQJOH 3'HIHUUHG 5HVWUXFWXULQJ )HH ́ LQ WKH

DPRXQWRIXSRQWKHFORVHRURWKHUFRQVXPPDWLRQRIVXFK7UDQVDFWLRQ

 $VRIWKH3HWLWLRQ'DWHWKHDPRXQWRIWKH5HWDLQHUZDVDSSUR[LPDWHO\

$VVHWIRUWKLQWKH$JUHHPHQWDQ\XQXVHG5HWDLQHUVKDOOEHDSSOLHGWRWKHILQDOLQYRLFHRUUHWXUQHG

DWWKHWHUPLQDWLRQRI62/,&¶VHQJDJHPHQW

 7KH'HEWRUVDOVRDJUHHGWRUHLPEXUVH62/,&IRUH[SHQVHVLQFXUUHGLQSURYLGLQJ

VHUYLFHV WR WKH 'HEWRUV LQFOXGLQJ RXWRISRFNHW WUDYHOUHODWHG H[SHQVHV FRVWV RI GRFXPHQW

SURGXFWLRQ DQG ID[ WUDQVPLVVLRQV WHOHFRQIHUHQFLQJ FKDUJHV OHJDO IHHV DQG RWKHU H[SHQVHV

LQFOXGLQJIHHDSSOLFDWLRQH[SHQVHVGLVFRYHU\FRVWVDQGGHIHQVHFRVWVSURYLGHGWKDW62/,&VKDOO

QRW VHHN UHLPEXUVHPHQW RI DQ\ H[SHQVH DULVLQJ IURP WKH GHIHQVH RI DQ\ RI 62/,&¶V IHH

DSSOLFDWLRQVLQWKHVHEDQNUXSWF\FDVHV

 ,VXEPLWWKDWWKHDERYHGHVFULEHGFRPSHQVDWLRQVWUXFWXUHLVUHDVRQDEOHJLYHQWKH

QDWXUHRIWKHVHUYLFHVGHVFULEHGLQWKH$SSOLFDWLRQDQGWKH$JUHHPHQW

 7RWKHEHVWRIP\NQRZOHGJHDQRFRPPLWPHQWVKDYHEHHQPDGHRUUHFHLYHGE\

62/,&ZLWKUHVSHFWWRFRPSHQVDWLRQRUSD\PHQWLQFRQQHFWLRQZLWKWKH'HEWRUV¶FKDSWHUFDVHV

RWKHUWKDQLQDFFRUGDQFHZLWKDSSOLFDEOHSURYLVLRQVRIWKH%DQNUXSWF\&RGHDQGWKH%DQNUXSWF\

5XOHV DQG E 62/,& KDV QR DJUHHPHQW ZLWK DQ\ RWKHU HQWLW\ WRVKDUH ZLWK VXFK HQWLW\ DQ\

FRPSHQVDWLRQUHFHLYHGE\62/,&LQFRQQHFWLRQZLWKWKH'HEWRUV¶FKDSWHUFDVHV

6HQLRU0DQDJLQJ'LUHFWRUV6HQLRU$GYLVRUV KU

0DQDJLQJ'LUHFWRUV KU

'LUHFWRUV KU

9LFH3UHVLGHQW KU

6HQLRU$VVRFLDWH KU

$VVRFLDWHV$QDO\VWV KU

3DUDSURIHVVLRQDOV KU

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 19 of 47




 7KHWHUPVRIWKH$JUHHPHQWLQFOXGLQJWKHFRPSHQVDWLRQH[SHQVHUHLPEXUVHPHQW

DQGLQGHPQLILFDWLRQDQGOLPLWDWLRQ RIOLDELOLW\ SURYLVLRQVDUH VLPLODUWRWKHWHUPVDJUHHGWR E\

62/,&DQGLWVRWKHUFOLHQWVERWKLQVLGHDQGRXWVLGHRIEDQNUXSWF\7KHWHUPVDQGFRQGLWLRQVRI

WKH$JUHHPHQWZHUHQHJRWLDWHGEHWZHHQWKH'HEWRUVDQG62/,&DQGUHIOHFWWKHSDUWLHV¶PXWXDO

DJUHHPHQW DV WR WKH VXEVWDQWLDO HIIRUWV DQG SURWHFWLRQ RI ULJKWV WKDW ZLOO EH UHTXLUHG LQ WKLV

HQJDJHPHQW

1R0DWHULDO$GYHUVH,QWHUHVW

 ,QFRQQHFWLRQZLWKWKHSUHSDUDWLRQRIWKLV'HFODUDWLRQ62/,&VHDUFKHGLWVFOLHQW

GDWDEDVH WR GHWHUPLQH ZKHWKHU 62/,& KDG DQ\ UHODWLRQVKLSV ZLWK WKH IROORZLQJ HQWLWLHV DQG

SHUVRQV DVLGHQWLILHG E\WKH 'HEWRUV DQGRUWKH 'HEWRUV¶ UHFRUGV NQRZQ RU PDGH DYDLODEOHWR

62/,&FROOHFWLYHO\WKH3,QWHUHVWHG3DUWLHV ́

D 7KH'HEWRUV

E 7KH'HEWRUV¶FXUUHQWPHPEHUVGLUHFWRUVDQGRIILFHUV

F 7KH'HEWRUV¶FUHGLWRUVDQGHTXLW\LQWHUHVWKROGHUV

G 7KH'HEWRUV¶HPSOR\HHVDQG

H 9DULRXVRWKHUSRWHQWLDOSDUWLHVLQLQWHUHVWLGHQWLILHGE\RUPDGHNQRZQWR

62/,&

 62/,&¶VUHYLHZLQFOXGHGSURYLGLQJDOLVWRIWKH,QWHUHVWHG3DUWLHVWRFHUWDLQ62/,&

UHVWUXFWXULQJ SURIHVVLRQDOVDQGFRQGXFWLQJD TXHU\ RI VXFK SDUWLHVLQD GDWDEDVHFRQWDLQLQJWKH

QDPHVRILQGLYLGXDOVDQGHQWLWLHVWKDWDUHQRZRULQWKHSDVWKDYHEHHQUHSUHVHQWHGE\62/,&

 62/,&¶VFRQQHFWLRQVZLWKWKH,QWHUHVWHG3DUWLHVDUHOLVWHGRQ6FKHGXOHDWWDFKHG

KHUHWR1RQHRIWKHPDWWHUVLGHQWLILHGE\62/,&¶VVHDUFKRI ,QWHUHVWHG3DUWLHVLVUHODWHGLQDQ\

ZD\WRWKH'HEWRUVRUDIILOLDWHVRIWKH'HEWRUV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 20 of 47




 $V SDUW RI LWV SUDFWLFH 62/,& DSSHDUV LQ QXPHURXV FDVHV DQG SURFHHGLQJV DQG

SDUWLFLSDWHV LQ WUDQVDFWLRQV WKDW LQYROYH PDQ\ GLIIHUHQW SURIHVVLRQDOV LQFOXGLQJ DWWRUQH\V

DFFRXQWDQWVDQGILQDQFLDOFRQVXOWDQWVVRPHRIZKRPQRZRULQWKHIXWXUHPD\UHSUHVHQWFODLPDQWV

RURWKHUSDUWLHVLQLQWHUHVWLQWKHVHFKDSWHUFDVHV62/,&KDVSHUIRUPHGLQWKHSDVWDQGPD\

SHUIRUPLQWKHIXWXUHDGYLVRU\FRQVXOWLQJVHUYLFHVIRUYDULRXVDWWRUQH\VDQGODZILUPVDQGKDV

EHHQUHSUHVHQWHGE\QXPHURXVDWWRUQH\VDQGODZILUPVVRPHRIZKLFKPD\EHRUPD\EHFRPH

LQYROYHG LQ WKHVH FKDSWHU  FDVHV %DVHG RQ P\ FXUUHQW NQRZOHGJH RI WKH 'HEWRUV WKH

SURIHVVLRQDOVLQYROYHGLQWKHVHFKDSWHUFDVHVDQG62/,&¶VH[LVWLQJFRQQHFWLRQVDH[FHSWDV

GHVFULEHGRQ6FKHGXOHWKHUHDUHQRNQRZQFRQQHFWLRQVEHWZHHQ62/,&DQGWKH'HEWRUVRUDQ\

RWKHU SDUW\LQLQWHUHVWLQWKHVH FKDSWHU  FDVHV DQG E QRQH RIWKH FRQQHFWLRQV GLVFORVHG RQ

6FKHGXOHFRQVWLWXWHVDQLQWHUHVWPDWHULDOO\DGYHUVHWRWKH'HEWRUVLQPDWWHUVXSRQZKLFK62/,&

LVWREHHPSOR\HG

 7RWKHEHVWRIP\NQRZOHGJH62/,&LVQRWDQGQHYHUKDVEHHQD3FUHGLWRU ́RIDQ\

RIWKH'HEWRUVZLWKLQWKHPHDQLQJRIVHFWLRQRIWKH%DQNUXSWF\&RGH)XUWKHUQRQHRI

P\VHOIDQ\PHPEHURIWKH62/,&WHDPVHUYLQJWKH'HEWRUVRUDQ\LQYHVWPHQWDIILOLDWHRI62/,&

LVDKROGHURIDQ\RIWKH'HEWRUV¶GHEWRUHTXLW\VHFXULWLHV

 7RWKHEHVWRIP\NQRZOHGJHQRHPSOR\HHRI62/,&LVDUHODWLYHRIRUKDVEHHQ

FRQQHFWHGZLWKDQ\MXGJHRIWKH%DQNUXSWF\&RXUWIRUWKLVGLVWULFWWKH2IILFHRIWKH8QLWHG6WDWHV

7UXVWHHLQWKLVGLVWULFWRUDQ\HPSOR\HHRIWKH2IILFHRIWKH8QLWHG6WDWHV7UXVWHHLQWKLVGLVWULFW

 7RWKHEHVWRIP\NQRZOHGJHQHLWKHU62/,&QRUDQ\RILWVPHPEHUVRUHPSOR\HHV

DDUHFUHGLWRUVRUHTXLW\VHFXULW\KROGHUVRIWKH'HEWRUVRUEKDYHDQLQWHUHVWPDWHULDOO\DGYHUVH

WRWKHLQWHUHVWVRIWKH'HEWRUV¶HVWDWHVRURIDQ\FODVVRIFUHGLWRUVRUHTXLW\VHFXULW\KROGHUVE\

UHDVRQRIDQ\GLUHFWRULQGLUHFWUHODWLRQVKLSWRFRQQHFWLRQZLWKRULQWHUHVWLQWKH'HEWRURUDQ\

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 21 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 22 of 47
6FKHGXOH

&RQQHFWLRQVWR,QWHUHVWHG3DUWLHV

 62/,&LVFXUUHQWO\SURYLGLQJVHUYLFHVWRWKH'HEWRUVSXUVXDQWWRWKH$JUHHPHQW

3XUVXDQWWRWKH$JUHHPHQWFHUWDLQ62/,&SURIHVVLRQDOVDUHVHUYLQJLQRIILFHUFDSDFLWLHV

 &KDUOHV6ZHHWD'LUHFWRURIWKH'HEWRUVZRUNHGZLWK0U/XULDDW%0-0HGLFDO

0DQDJHPHQW,QFLQDQGKDVLQWKHSDVWDQGFXUUHQWO\VHUYHVLQWKHFDSDFLW\DV

LQGHSHQGHQWGLUHFWRURUDQRWKHUILGXFLDU\UROHLQFRQMXQFWLRQZLWKZKROO\XQUHODWHG

FRPSDQLHVDQGZKROO\XQUHODWHGPDWWHUVZKHUH62/,&RUDQDIILOLDWHWKHUHRIVHUYHVRU

KDVVHUYHGDVILQDQFLDODGYLVRUDQGRULQYHVWRUDQGRULQZKLFK62/,&SURIHVVLRQDOVKDYH

VHUYHGLQRIILFHUGLUHFWRURURWKHUILGXFLDU\UROHV6XFKPDWWHUVKDYHLQWKHSDVW\HDUV

KDYHLQFOXGHG

D American Purchasing Services, LLC d/b/a American Medical Depot3$0' ́±

0U6ZHHWLVFXUUHQWO\VHUYLQJDVDQLQGHSHQGHQWGLUHFWRURI$0'DQHQWLW\

ZKROO\XQUHODWHGWRWKH'HEWRUVDQGLQZKLFK62/,&$0',QYHVWFRDQ

LQYHVWPHQWDIILOLDWHRI62/,&KROGVHTXLW\DQGGHEWLQWHUHVWV(GZDUG5&DVDVD

62/,&SURIHVVLRQDOZDVSUHYLRXVO\D'LUHFWRURI$0'7KLVPDWWHULVZKROO\

XQUHODWHGWRWKH'HEWRUV

E Eagle Telemed Holdings, LLC3(DJOH ́±0U6ZHHWLVFXUUHQWO\VHUYLQJDVDQ

LQGHSHQGHQWGLUHFWRURI(DJOH62/,&&DSLWDO3DUWQHUV/336&3 ́DQG6&

(DJOH//&DUHLQYHVWPHQWDIILOLDWHVRI62/,&WKDWKROGHTXLW\LQWHUHVWVLQ(DJOH

0U/XULDFXUUHQWO\VHUYHVDVD'LUHFWRURI(DJOH7KLVPDWWHULVZKROO\XQUHODWHG

WRWKH'HEWRUV

F Mission Healthcare, Inc.30LVVLRQ ́±0U6ZHHWSUHYLRXVO\VHUYHGDVDQ

LQGHSHQGHQWGLUHFWRURI0LVVLRQDQHQWLW\LQZKLFK0+)XQGLQJ//&D

VXEVLGLDU\RI6&3KHOGHTXLW\DQGGHEWLQWHUHVWV7KLVPDWWHUFRQFOXGHGLQ$SULO

7KLVPDWWHULVZKROO\XQUHODWHGWRWKH'HEWRUV

G Ocala Funding, LLC32FDOD ́±0U6ZHHWVHUYHGDVD0DQDJHURI2FDODXQWLO

-XO\0U/XULDVHUYHGDVWKH&KLHI5HVWUXFWXULQJ2IILFHURI2FDODDQG

FXUUHQWO\VHUYHVDVWKH7UXVWHHRIDWUXVWWKDWWRRNSRVVHVVLRQRIFHUWDLQ2FDOD

DVVHWVDVDUHVXOWRI2FDOD¶VFKDSWHUSODQ7KHVHPDWWHUVDUHZKROO\XQUHODWHGWR

WKH'HEWRUV

H SLT Holdco36/7 ́±0U6ZHHWVHUYHGDVDQLQGHSHQGHQWGLUHFWRURI6/7XQWLO

1RYHPEHULQFOXGLQJWKURXJKWKHFRXUVHRI6/7¶VFKDSWHUEDQNUXSWF\

FDVH62/,&VHUYHGDVILQDQFLDODGYLVRUWR6/7SULRUWRDQGGXULQJ6/7¶V

FKDSWHUEDQNUXSWF\FDVHDQGD62/,&SURIHVVLRQDOFXUUHQWO\VHUYHVDV7UXVWHH

WRDOLTXLGDWLQJWUXVWWKDWWRRNSRVVHVVLRQRIFHUWDLQDVVHWVRI6/7DVDUHVXOWRI

6/7¶VFKDSWHUSODQ7KHVHPDWWHUVDUHZKROO\XQUHODWHGWRWKH'HEWRUV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 23 of 47




I Cenegenics LLC3&HQHJHQLFV ́±0U6ZHHWZDVDVDQLQGHSHQGHQWGLUHFWRURI

&HQHJHQLFVXQWLO)HEUXDU\62/,&SURYLGHGILQDQFLDODGYLVRU\VHUYLFHVWR

&HQHJHQLFV7KLVPDWWHUKDVFRQFOXGHGDQGZDVZKROO\XQUHODWHGWRWKH'HEWRUV

J The Budd Company3%XGG ́±0U6ZHHWVHUYHGDVDQLQGHSHQGHQWGLUHFWRURI

%XGGXQWLO62/,&SURYLGHGILQDQFLDODGYLVRU\VHUYLFHVWRD&RPPLWWHHRI

([HFXWLYH	$GPLQLVWUDWLYH5HWLUHHVRI%XGGWKDWZDVHVWDEOLVKHGXQGHUVHFWLRQ

RIWKH%DQNUXSWF\&RGHLQ%XGG¶VFKDSWHUEDQNUXSWF\FDVH7KLVPDWWHU

KDVFRQFOXGHGDQGZDVZKROO\XQUHODWHGWRWKH'HEWRUV



 %HUJHU6LQJHUPDQ//33%6//3 ́FRXQVHOWRWKH'HEWRUVKDVUHSUHVHQWHG62/,&

SURIHVVLRQDOV62/,&DQGFHUWDLQRI62/,&¶VDIILOLDWHVDQGLQYHVWPHQWHQWLWLHVLQPDWWHUV

ZKROO\XQUHODWHGWRWKH'HEWRUV0U/XULDDQGRWKHU62/,&SURIHVVLRQDOVDUHSHUVRQDO

IULHQGVZLWK3DXO6LQJHUPDQ(VTDQGRWKHUDWWRUQH\VDW%6//30U/XULDDQGRWKHU

62/,&SURIHVVLRQDOVKDYHZRUNHGRQDQXPEHURIPDWWHUVZLWK0U6LQJHUPDQDQGRWKHU

%6//3DWWRUQH\V62/,&KDVHQGHDYRUHGWROLVWWKHPRVWVLJQLILFDQWRIWKRVHPDWWHUVEXW

WKHUHPD\EHVPDOOHUPDWWHUVWKDWKDYHEHHQLQDGYHUWHQWO\RPLWWHG

D Taylor Bean & Whitaker Mortgage Corp.37%: ́±0U/XULDVHUYHGDV&KLHI

5HVWUXFWXULQJ2IILFHURI7%:GXULQJLWVFKDSWHUFDVHDQGFXUUHQWO\VHUYHVDV

WUXVWHHRIWKH7%:3ODQ7UXVWWKDWIRUPHGXSRQWKHFRQILUPDWLRQRI7%:¶V

FKDSWHUSODQ2WKHUFXUUHQW62/,&SURIHVVLRQDOVERWKZKLOHDW62/,&DQG

WKHLUSULRUILUP1DYLJDQW&DSLWDO$GYLVRUV//&DOVRVHUYHGLQYDULRXVILGXFLDU\

DQGQRQILGXFLDU\UROHVLQFRQQHFWLRQZLWK7%:DQGWKH7%:3ODQ7UXVW

%6//3UHSUHVHQWHGWKH7%:2IILFLDO&RPPLWWHHRI8QVHFXUHG&UHGLWRUVDQG

XSRQFRQILUPDWLRQRI7%:3ODQRI/LTXLGDWLRQ%6//3EHFDPHJHQHUDOFRXQVHO

WRWKH7%:3ODQ7UXVW2FDODDQDIILOLDWHRI7%:FRPPHQFHGLWVRZQFKDSWHU

FDVH'XULQJWKLVFDVH0U/XULDVHUYHGDV2FDOD¶V&KLHI5HVWUXFWXULQJ2IILFHU

DQG%6//3VHUYHGDVVSHFLDOOLWLJDWLRQFRXQVHOWR2FDOD8SRQFRQILUPDWLRQRI

2FDOD¶VFKDSWHUSODQ0U/XULDZDVDSSRLQWHGWUXVWHHWRWKH2FDOD)XQGLQJ

/LWLJDWLRQ7UXVWRIZKLFK%6//3KDVVHUYHGDVVSHFLDOOLWLJDWLRQFRXQVHO7%:

2FDODDQGUHODWHGPDWWHUVDOODUHZKROO\XQUHODWHGWRWKH'HEWRUV

E Meridian Surgical Partners, LLC30HULGLDQ ́±62/,&VHUYHGDVILQDQFLDO

DGYLVRUWR0HULGLDQDQG0U/XULDFXUUHQWO\VHUYHVDVWKH/LTXLGDWLQJ7UXVWHH

ZLQGLQJGRZQ0HULGLDQ¶VDVVHWVRXWRIFRXUW%66/3UHSUHVHQWHG0HULGLDQDV

WUDQVDFWLRQDOFRXQVHOXQWLOVXFKUHSUHVHQWDWLRQFRQFOXGHGLQLQ7KHVH

PDWWHUVDUHZKROO\XQUHODWHGWRWKH'HEWRUV

F AMD±62/,&VHUYHGDVILQDQFLDODGYLVRUWR$0'IURPWKURXJKHDUO\

,QFRQQHFWLRQZLWKUHILQDQFLQJFHUWDLQRI$0'¶VILQDQFLDOREOLJDWLRQV6&3

REWDLQHGHTXLW\DQGGHEWLQWHUHVWVLQ$0'(GZDUG5&DVDVD62/,&

SURIHVVLRQDOZDVSUHYLRXVO\RQWKHERDUGRI$0'%6//3KDVLQWKHSDVWDQGLV

FXUUHQWO\FRXQVHOWR$0'$0'DQGWKHVHPDWWHUVDUHZKROO\XQUHODWHGWRWKH

'HEWRUV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 24 of 47




G Eagle6&3DQG6&(DJOH//&DUHLQYHVWPHQWDIILOLDWHVRI62/,&WKDWKROG

HTXLW\LQWHUHVWVLQ(DJOH0U/XULDFXUUHQWO\VHUYHVDVD'LUHFWRURI(DJOH62/,&

SURYLGVILQDQFLDODGYLVRU\VHUYLFHVWR(DJOH%6//3SUHYLRXVO\UHSUHVHQWHG(DJOH

LQFRQQHFWLRQZLWKFHUWDLQWUDQVDFWLRQDOPDWWHUV6XFKUHSUHVHQWDWLRQFRQFOXGHGLQ

7KHVHPDWWHUVDOODUHZKROO\XQUHODWHGWRWKH'HEWRUV

H Sagecrest Vegas, LLC±62/,&SURIHVVLRQDOVZKLOHDW62/,&DQGWKHLUSULRU

ILUPVHUYHGLQYDULRXVILGXFLDU\DQGILQDQFLDODGYLVRU\FDSDFLWLHVWR6DJHFUHVW

9HJDV//&DQGLWVDIILOLDWHV6DJHFUHVW9HJDV//&ZDVUHSUHVHQWHGE\%6//3

LQFRQQHFWLRQZLWKWUDQVDFWLRQPDWWHUVDQGVXFKUHSUHVHQWDWLRQZDVFRQFOXGHGLQ

7KHVHPDWWHUVZHUHZKROO\XQUHODWHGWRWKH'HEWRUV

I Mission0+)XQGLQJ//&DVXEVLGLDU\RI6&3SUHYLRXVO\KHOGHTXLW\DQG

GHEWLQWHUHVWVLQ0LVVLRQ%6//3ZDVUHWDLQHGE\DIILOLDWHVRI62/,&6&3

62/,&&DSLWDO0DQDJHPHQW//&DQG62/,&DIILOLDWH0+)XQGLQJ//&LQ

FRQQHFWLRQZLWKDGHEWILQDQFLQJSURYLGHGWR0LVVLRQ7KLVPDWWHUFRQFOXGHGLQ

DQGZDVZKROO\XQUHODWHGWRWKH'HEWRUV

J Clare Oaks±,Q-XQH%6//3FRPPHQFHGUHSUHVHQWDWLRQRI62/,&LQ

FRQQHFWLRQZLWKWKH&KDSWHUFDVHRIIn re Clare Oaks%DQNU1',OO7KLV

PDWWHUKDVEHHQFRQFOXGHGDQGZDVZKROO\XQUHODWHGWRWKH'HEWRUV

K Solar Eclipse Investment Funds±0U/XULDVHUYHVDVFRXUWDSSRLQWHGUHFHLYHUIRU

LQYHVWPHQWIXQGVLQFRQQHFWLRQZLWKD)ORULGDUHFHLYHUVKLSFDSWLRQHGGeico 

Corporation, et al, Plaintiffs, v. Solar Eclipse Investment Fund III, LLC, et al$V

UHFHLYHU0U/XULDUHWDLQHG%6//3DVFRXQVHODQG62/,&DVILQDQFLDODGYLVRU

7KLVPDWWHULVFXUUHQWO\RQJRLQJDQGLVZKROO\XQUHODWHGWRWKH'HEWRUV

L ,Q(GZDUG5&DVDVD62/,&SURIHVVLRQDODQGKLVZLIHZHUHUHSUHVHQWHG

E\%6//3LQFRQQHFWLRQZLWKWKHSXUFKDVHRIDUHVLGHQFHLQ)ORULGD6XFKPDWWHU

ZDVZKROO\XQUHODWHGWRWKH'HEWRUV

M BMJ Medical Management, Inc3%0- ́±0U/XULDVHUYHGDV([HFXWLYH9LFH

3UHVLGHQWDQG*HQHUDO&RXQVHODQGVXEVHTXHQWO\3UHVLGHQWRI%0-LQ

LQFOXGLQJDWWKHWLPHWKDW%0-FRPPHQFHGDFKDSWHUFDVH'XULQJ%0-¶V

FKDSWHUFDVHFHUWDLQFXUUHQW62/,&SURIHVVLRQDOVWKHQZRUNLQJIRUSULRUILUP

SURYLGHGILQDQFLDODGYLVRU\VHUYLFHVWR%0-%6//3UHSUHVHQWHGDSDUW\DGYHUVH

WR%0-LQDOLWLJDWLRQPDWWHU7KHVHPDWWHUVZHUHZKROO\XQUHODWHGWRWKH'HEWRUV

 62/,&SUHYLRXVO\SURYLGHGILQDQFLDODGYLVRU\VHUYLFHVWRDGHQWDOVHUYLFHSURYLGHU

ZKRVHHTXLW\ZDVKHOGLQSDUWE\DSULYDWHHTXLW\IXQGDIILOLDWHGZLWKWKH'HEWRUV¶VHQLRU

VHFXUHGOHQGHU1+798/0+ROGLQJV//&6XFKPDWWHULVFRQFOXGHGDQGZDVZKROO\

XQUHODWHGWRWKH'HEWRUV

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 25 of 47


(;+,%,7%

$JUHHPHQW

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 26 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 27 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 28 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 29 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 30 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 31 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 32 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 33 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 34 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 35 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 36 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 37 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 38 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 39 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 40 of 47
Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 41 of 47


(;+,%,7&

3URSRVHGIRUPRI2UGHU

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 42 of 47


81,7('67$7(6%$1.5837&<&2857

6287+(51',675,&72))/25,'$

)257/$8'(5'$/(',9,6,21

ZZZIOVEXVFRXUWVJRY

,QUH       



7$0$5$&//&DQG   &DVH1RBBBBBBBBBBBBBBBBBBBB

81,3+$50$//&    &DVH1RBBBBBBBBBBBBBBBBBBBB

 'HEWRUV

     &KDSWHU&DVHV

       -RLQW$GPLQLVWUDWLRQ3HQGLQJ

BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB 

,17(5,025'(5*5$17,1*'(%7256¶$33/,&$7,2138568$1772

6(&7,216D$1'E2)7+(%$1.5837&<&2'()25$33529$/2)

$*5((0(17:,7+62/,&&$3,7$/$'9,6256//&$1'62/,&&$3,7$///&

723529,'(7+(6(59,&(62),1(,/)/85,$$6&+,()5(6758&785,1*

2)),&(5,,&(57$,127+(5,17(5,02)),&(56$1',,,&(57$,1

68332573(56211(/())(&7,9($62)7+(3(7,7,21'$7(

 7+,6 0$77(5 KDYLQJ FRPH EHIRUH WKH &RXUW RQ 'HFHPEHU BBBB  DW BBBBB

DPSPLQ)RUW/DXGHUGDOH)ORULGDXSRQWKHDebtors’ Application, Pursuant to Sections 105(a) 

and 363(b) of the Bankruptcy Code, for Approval of Agreement with SOLIC Capital Advisors, LLC 

7KHODVWIRXUGLJLWVRIHDFK'HEWRU¶VIHGHUDOWD[LGHQWLILFDWLRQQXPEHUDUH7DPDUDF//&

DQG8QLSKDUPD//&7KHDGGUHVVRIWKH'HEWRUVLV1:WK6WUHHW7DPDUDF)/

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 43 of 47




and SOLIC Capital, LLC to Provide the Services of (I) Neil F. Luria as Chief Restructuring Officer, 

(II) Certain Other Interim Officers, and (III) Certain Support Personnel, Effective as of the 

Petition Date >(&) 1R BBB@ WKH 3$SSOLFDWLRQ ́ ILOHG RQ 'HFHPEHU   E\ WKH DERYH

FDSWLRQHG GHEWRUVLQSRVVHVVLRQ WKH 3'HEWRUV ́  7KH $SSOLFDWLRQ VHHNV HQWU\ RI DQ RUGHU

DXWKRUL]LQJWKH UHWHQWLRQRI62/,&&DSLWDO$GYLVRUV//&DQG62/,&&DSLWDO//& WRJHWKHU

362/,& ́WR SURYLGH L1HLO )/XULD 3/XULD ́ DV FKLHI UHVWUXFWXULQJ RIILFHU 3&52 ́WRWKH

'HEWRUVLL6:DLWH3RSHMR\,,,WRVHUYHDV&KLHI)LQDQFLDO2IILFHUWKH3&)2 ́*UHJRU\+DJRRG

WR VHUYH DV ([HFXWLYH 9LFH 3UHVLGHQW RI 6WUDWHJ\ WKH 3(93 RI 6WUDWHJ\ ́ 5REHUW $QQDV DV

([HFXWLYH 9LFH 3UHVLGHQW RI 2SHUDWLRQV WKH 3(93 RI 2SHUDWLRQV ́ 0DWWKHZ &DLQH DV 9LFH

3UHVLGHQWRI6WUDWHJ\WKH393RI6WUDWHJ\ ́DQG0DU\'UHVVOHUDVWKH'LUHFWRURI6WUDWHJ\WKH

3'LUHFWRURI6WUDWHJ\ ́DQGWRJHWKHUZLWKWKH&52WKH&)2WKH(93RI6WUDWHJ\WKH(93RI

2SHUDWLRQVDQGWKH93RI6WUDWHJ\WKH3,QWHULP2IILFHUV ́DQGLLLWKHVHUYLFHVRIFHUWDLQVXSSRUW

SHUVRQQHOHIIHFWLYHDVRIWKH3HWLWLRQ'DWHXSRQWKHWHUPVDQGFRQGLWLRQVVHWIRUWKLQWKHRULJLQDO

$JUHHPHQWDWWDFKHGDV([KLELW%WRWKH$SSOLFDWLRQWKH3$JUHHPHQW ́8SRQWKH$SSOLFDWLRQ

WKH/XULD'HFODUDWLRQDWWDFKHGDV([KLELW3$ ́WRWKH$SSOLFDWLRQDQGLWDSSHDULQJWKDWQHLWKHU

/XULDQRU62/,&KROGVQRUUHSUHVHQWVDQ\LQWHUHVWDGYHUVHWRWKH'HEWRUV¶HVWDWHVDQGWKLV&RXUW

KDYLQJ MXULVGLFWLRQ WR FRQVLGHU WKH $SSOLFDWLRQ DQG WKH UHOLHIUHTXHVWHG WKHUHLQ SXUVXDQW WR 

86&  DQG DQGFRQVLGHUDWLRQ RIWKH$SSOLFDWLRQ DQGWKH UHOLHI UHTXHVWHGWKHUHLQ

EHLQJDFRUHSURFHHGLQJSXUVXDQWWR86&EDQGWKH'HEWRUVKDYLQJDVVHUWHGWKDWYHQXH

LVSURSHUEHIRUHWKLV&RXUWSXUVXDQWWR86&DQGLWDSSHDULQJWKDWSURSHUDQGDGHTXDWH

QRWLFHRIWKH$SSOLFDWLRQKDVEHHQJLYHQDQGWKDWQRRWKHUDQGIXUWKHUQRWLFHLVQHFHVVDU\DQGWKH

UHOLHIUHTXHVWHGLQWKH$SSOLFDWLRQEHLQJLQWKHEHVWLQWHUHVWVRIWKH'HEWRUVDQGWKHLUHVWDWHVDQG



&DSLWDOL]HGWHUPVXVHGEXWQRWGHILQHGKHUHLQVKDOOKDYHWKHPHDQLQJVDVFULEHGLQWKH$SSOLFDWLRQ

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 44 of 47




FUHGLWRUVDQGLQWHUHVWKROGHUVDQGWKLV&RXUWKDYLQJUHYLHZHGWKH$SSOLFDWLRQDQGKDYLQJKHDUG

WKHDUJXPHQWVLQVXSSRUWRIWKH$SSOLFDWLRQDWDKHDULQJEHIRUHWKLV&RXUWWKH3+HDULQJ ́DQG

WKLV&RXUWKDYLQJGHWHUPLQHGWKDWWKHOHJDODQGIDFWXDOEDVHVVHWIRUWKLQWKH$SSOLFDWLRQDQGDWWKH

+HDULQJ HVWDEOLVKMXVW FDXVH IRUWKH UHOLHI JUDQWHG KHUHLQ DQG XSRQ DOO RIWKH SURFHHGLQJV KDG

EHIRUH WKLV &RXUW DQG DIWHU GXH GHOLEHUDWLRQ WKHUHRQ DQG JRRG DQG VXIILFLHQW FDXVH DSSHDULQJ

WKHUHIRUHLWLV

25'(5('WKDW

 7KH$SSOLFDWLRQLV$33529('VXEMHFWWRWKHWHUPVKHUHRI

 7KH'HEWRUVDUHDXWKRUL]HGSXUVXDQWWR86&DDQGEWRUHWDLQ

62/,& WR SURYLGH D WKH VHUYLFHV RI L &52 LL &)2 LLL (93 RI 6WUDWHJ\ LY (93 RI

2SHUDWLRQVY93RI6WUDWHJ\DQGYL'LUHFWRURI6WUDWHJ\DQGEWKHVHUYLFHVRIFHUWDLQVXSSRUW

SHUVRQQHOHIIHFWLYHDVRIWKH3HWLWLRQ'DWHXSRQWKHWHUPVVHWIRUWKLQWKH$JUHHPHQWDWWDFKHGDV

([KLELW 3% ́ WR WKH $SSOLFDWLRQ VXEMHFW WR WKH IROORZLQJ WHUPV ZKLFK DSSO\ QRWZLWKVWDQGLQJ

DQ\WKLQJLQWKH$SSOLFDWLRQRUDQ\H[KLELWVUHODWHGWKHUHWRWRWKHFRQWUDU\

D 62/,&VKDOOQRWEHUHWDLQHGE\WKH'HEWRUVLQDQ\RWKHUFDSDFLW\RWKHUWKDQ

DVUHWDLQHGSXUVXDQWWRVHFWLRQRIWKH%DQNUXSWF\&RGHIRUH[DPSOHDQGZLWKRXWOLPLWDWLRQ

DVDILQDQFLDODGYLVRUUHWDLQHGXQGHUVHFWLRQDRIWKH%DQNUXSWF\&RGHFODLPVDJHQWFODLPV

DGPLQLVWUDWRURULQYHVWRUDFTXLUHULQFRQQHFWLRQZLWKWKHDERYHFDSWLRQHGFDVHV

E ,QWKHHYHQWWKH'HEWRUVVHHNWRKDYH62/,&SHUVRQQHODVVXPHH[HFXWLYH

RIILFHUSRVLWLRQVWKDWDUHGLIIHUHQWWKDQWKHSRVLWLRQVGLVFORVHGLQWKH$SSOLFDWLRQRUWRPDWHULDOO\

FKDQJHWKHWHUPVRIWKHHQJDJHPHQWE\HLWKHULPRGLI\LQJWKHIXQFWLRQVRISHUVRQQHOLLDGGLQJ

QHZSHUVRQQHOZKRZLOO VHUYHLQWKHLQWHULPRIILFHUFDSDFLW\RU LLLDOWHULQJ RUH[SDQGLQJWKH

VFRSH RIWKHHQJDJHPHQWDPRWLRQWRPRGLI\WKH UHWHQWLRQ VKDOO EH ILOHG1RWZLWKVWDQGLQJWKH

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 45 of 47




IRUHJRLQJ WR WKH H[WHQW WKDW 62/,& VXSSOHPHQWV WKH ,QWHULP 2IILFHUV ZLWK DGGLWLRQDO 62/,&

SHUVRQQHODQGWKHUHLVQRDVVRFLDWHGFRVWWKHQQRPRGLILFDWLRQZLOOEHQHFHVVDU\

F 62/,&VKDOOGLVFORVHDQ\DQGDOOIDFWVWKDWPD\KDYHDEHDULQJRQZKHWKHU

WKHILUPLWVDIILOLDWHVDQGRUDQ\LQGLYLGXDOVZRUNLQJRQWKHHQJDJHPHQWKROGRUUHSUHVHQWDQ\

LQWHUHVWDGYHUVHWRWKH'HEWRUVWKHLUFUHGLWRUVRURWKHUSDUWLHVLQLQWHUHVW7KHREOLJDWLRQWRGLVFORVH

LGHQWLILHGLQWKLVVXESDUDJUDSKLVDFRQWLQXLQJREOLJDWLRQ

 ([FHSWDVRWKHUZLVHUHTXLUHGE\WKLV2UGHU62/,&ZLOOQRWEHVXEMHFWWRDQ\RUGHU

RIWKLV&RXUWJRYHUQLQJWKHSURFHGXUHVIRULQWHULPFRPSHQVDWLRQIRUSURIHVVLRQDOVDQGWKH'HEWRUV

DUH DXWKRUL]HG WR FRPSHQVDWH 62/,& LQ DFFRUGDQFH ZLWK WKH WHUPV RI WKH $JUHHPHQW ZLWKRXW

IXUWKHURUGHURIWKH&RXUW

 7KH 'HEWRUV DUH DXWKRUL]HG DQG HPSRZHUHG WR WDNH DOO DFWLRQV QHFHVVDU\ WR

LPSOHPHQWWKHUHOLHIJUDQWHGLQWKLV2UGHU

 (QWU\RIWKLV,QWHULP2UGHULVZLWKRXWSUHMXGLFHWRWKHULJKWVRIDQ\SDUW\LQLQWHUHVW

WRLQWHUSRVHDQREMHFWLRQWRWKH$SSOLFDWLRQDQGDQ\VXFKREMHFWLRQZLOOEHFRQVLGHUHGRQDde 

novoVWDQGDUGDWWKH)LQDO+HDULQJ

 7KH WHUPV DQG FRQGLWLRQV RI WKLV 2UGHU VKDOO EH LPPHGLDWHO\ HIIHFWLYH DQG

HQIRUFHDEOHXSRQLWVHQWU\DQGHIIHFWLYHDVRIWKH3HWLWLRQ'DWH

 7KH&RXUWVKDOOFRQGXFWDILQDOKHDULQJWKH3)LQDO+HDULQJ ́RQWKH$SSOLFDWLRQRQ

'HFHPEHUBBDWBBBBBBBBDPSP8QLWHG6WDWHV&RXUWKRXVH(DVW%URZDUG%OYG

5RRP)RUW/DXGHUGDOH)/



 

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 46 of 47




6XEPLWWHGE\

&KULVWRSKHU$QGUHZ-DUYLQHQ(VT

%(5*(56,1*(50$1//3

%ULFNHOO$YHQXH6WH

0LDPL)/

7HOHSKRQH

)DFVLPLOH

(PDLOFMDUYLQHQ#EHUJHUVLQJHUPDQFRP

&RSLHVIXUQLVKHGWR

&KULVWRSKHU$QGUHZ-DUYLQHQ(VT

(Attorney Jarvinen is directed to serve a signed copy of this Order upon all interested parties and 

to file a Certificate of Service with the Court.)

Case 20-23346-PDR Doc 8 Filed 12/07/20 Page 47 of 47