1   

UNITED STATES BANKRUPTCY COURT 

SOUTHERN DISTRICT OF FLORIDA 

MIAMI DIVISION 

www.flsb.uscourts.gov

In re: 

 Chapter 11 

IT’SUGAR FL I LLC, Case No. 20-20259-RAM 

IT’SUGAR LLC, Case No. 20-20261-RAM 

IT’SUGAR ATLANTIC CITY LLC, Case No. 20-20263-RAM 

IT’SUGAR FLGC LLC, Case No. 20-20264-RAM 

 (Joint Administration pending) 

Debtors. 

_______________________________/

CONSOLIDATED CHAPTER 11 CASE MANAGEMENT SUMMARY 

In compliance with Local Rule 2081-1(B), the Debtors-in-Possession, It’Sugar FL I LLC, 

It’Sugar LLC, It’Sugar Atlantic City LLC, and It’Sugar FLGC LLC (collectively, “It’Sugar” or 

the “Debtors”), file this Consolidated Chapter 11 Case Management Summary and state: 

The following data represents approximations for background information only and the 

information represents the Debtors’ best estimate in response to some of the ensuing questions. 

1. Date of Order for Relief under chapter 11 (filing date of petition if voluntary chapter 

11 petition): September 22, 2020. 

2. Names, case numbers and dates of filing of related debtors (all Petitions were filed 

on September 22, 2020): 

It’Sugar FL I LLC, Case No. 20-20259-RAM; 

It’Sugar LLC, Case No. 20-20261-RAM; 

It’Sugar Atlantic City LLC, Case No. 20-20263-RAM; and 

It’Sugar FLGC LLC, Case No. 20-20264-RAM. 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 1 of 18
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3. Description of the Debtors’ business: The Debtors operate as a single business and 

are known throughout the industry as It'Sugar. It'Sugar is a specialty candy retailer whose products 

include bulk candy, candy in giant packaging, and licensed and novelty items. It'Sugar’s portfolio 

includes approximately 100 retail locations across 28 states.

4. Locations of t he Debtors’ operations and whether the business premises are 

leased or owned: All business premises (including store locations) are leased. See Schedule of 

Stores attached as Exhibit A. The Debtors own no real property. 

5. Reasons for filing chapter 11: It’Sugar operates approximately 100 retail stores 

across the country. In connection with the COVID-19 pandemic, in March 2020, It’Sugar was 

forced to close all retail locations and furlough all store employees, along with a majority of 

corporate employees. Over the next several months, It’Sugar reopened approximately 90 retail 

locations and began recalling furloughed employees, but regularly must close individual locations 

due to staffing shortages or local government mandates. It’Sugar’s sales declined during the 

second quarter of 2020 by approximately 48% compared to 2019. There is no assurance that sales 

will improve or will not continue to decline, as the duration and severity of the COVID-19 

pandemic and its effects remain uncertain. As a result of the closure of its stores and decreased 

sales, It’Sugar ceased paying rent to landlords in April 2020. While negotiations with landlords 

have been ongoing, a number of It’Sugar’s leases are no longer market value and It’Sugar has 

accrued unpaid rent obligations of approximately $7.5 Million, thus necessitating bankruptcy in 

order to reject certain leases and restructure It’Sugar’s corresponding debt. 

6. List of officers and directors, if applicable, and their salaries and benefits at the time 

of filing and during the 1 year prior to filing: 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 2 of 18
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It’Sugar FL I LLC, It’Sugar LLC, and It’Sugar Atlantic City LLC

a) Jeffrey Rubin, Chief Executive Officer and Manager: Mr. Rubin receives 

an annual salary of $375,000 and the following benefits: health, dental and life insurance, 

and reimbursement of expenses paid related to the Debtors, including cell phone. Mr. 

Rubin’s salary is initially paid by BBX Sweet Holdings, LLC (“Sweet Holdings”) and 

reimbursed 100% by the Debtors. Mr. Rubin’s benefits are paid by the Debtors. 

b) Anton Gladnikov, Chief Financial Officer and Manager: Mr. Gladnikov 

receives an annual salary of $180,000 and the following benefits: health, dental and life 

insurance, and reimbursement of expenses paid related to the Debtors, including cell phone. 

Mr. Gladnikov’s salary is initially paid by Sweet Holdings and reimbursed 85% by the 

Debtors. The remaining 15% of Mr. Gladnikov’s salary is allocated to his work for Sweet 

Holdings that is unrelated to the Debtors. Mr. Gladnikov’s benefits are paid by the Debtors. 

c) Maryanne Scaffidi, Chief HR Officer: Ms. Scaffidi receives an annual 

salary of $220,000 and the following benefits: health, dental and life insurance, and 

reimbursement of expenses paid related to the Debtors, including cell phone. Ms. Scaffidi 

salary is initially paid by Sweet Holdings and reimbursed 85% by the Debtors. The 

remaining 15% of Ms. Scaffidi’s salary is allocated to her work for Sweet Holdings that is 

unrelated to the Debtors. Ms. Scaffidi’s benefits are paid by the Debtors. 

d) Jonathan Schwartz, Assistant Vice-President of Real Estate and Business 

Development: Mr. Schwartz receives an annual salary of $183,750 and the following 

benefits: health, dental and life insurance, and reimbursement of expenses paid related to 

the Debtors, including cell phone. Mr. Schwartz’ salary is initially paid by BBX Capital 

and reimbursed 75% by the Debtors. The remaining 25% of Mr. Schwartz’ salary is 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 3 of 18
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allocated to his work for BBX Capital that is unrelated to the Debtors. Mr. Schwartz’ 

benefits are paid by the Debtors. 

e) Steve Parris, Vice President of Information Technology: Mr. Parris receives 

an annual salary of $190,000 and the following benefits: health, dental and life insurance, 

and reimbursement of expenses paid related to the Debtors. Mr. Parris’s salary and benefits 

are paid by the Debtors. 

f) Jarett S. Levan, Interim Chief Operating Officer: Mr. Levan does not 

receive a salary or benefits from the Debtors. 

It’Sugar FLGC LLC 

g) Jeffrey Rubin, Chief Executive Officer and Manager (see above).

h) Anton Gladnikov, Chief Financial Officer and Manager (see above). 

7. Debtors’ fiscal or calendar year to date gross income and the Debtors’ gross income 

for the calendar or fiscal year prior to the filing of this petition: 

a) Gross Income for the period December 29, 2019 through September 22, 

2020 is estimated at $30.6 million; and 

b) Gross income for the fiscal year 2019 is $85.4 million. 

8. Amounts owed to various creditors: 

a) Obligations owed for priority taxes: 

i) Sales/Use Tax: estimated at $150,000; and 

ii) Tangible Property Tax: estimated at $10,000.

b) With respect to creditors holding secured claims, the name of and amounts 

owed to such creditors and a description and estimated value of all collateral of the Debtors 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 4 of 18
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securing their claim: SHL Holdings, Inc. (“Secured Lender”);1 see UCC-1 Schedule 1 

attached as Exhibit B for a description of the collateral valued at approximately 

$12,907,320; Secured Lender is owed approximately $6,300,000 plus interest. 

c) Amount of unsecured claims: approximately $10.5 Million, including rents. 

9. General description and approximate value of the debtors’ assets: 

a) Cash on hand and on deposit in bank accounts: $500,000; 

b) Retail inventory (estimated as of 9/22/2020): $5,607,320; and 

c) Various furniture, fixtures, equipment, and supplies, valued at

approximately $6,200,000, subject to appraisal. 

10. List of all insurance policies, the property covered under the policy, the name of the 

insurer, the policy number, amount of coverage, whether the premium is current, the date the next 

premium is due and date the policy expires: see Schedule of Insurance Policies attached as Exhibit 

C. 

11. Number of employees and amounts of wages owed as of petition date: As of the 

Petition Date, the Debtors employ a total of 598 employees who are owed an aggregate of 

approximately $400,000 of net gross wages prepetition. 

12. Status of Debtors’ payroll and sales tax obligations, if applicable. This does not 

eliminate the obligation of chapter 11 debtors (other than individuals not engaged in business) to 

provide the more detailed payroll tax information required by Local Rule 2081-1(A): the Debtors 

1

 SHL shares a common, ultimate parent with the Debtor. More specifically, BBX Capital Florida, 

LLC wholly owns It’Sugar Holdings LLC, which owns 90% of the common membership interests 

in It’Sugar, LLC. BBX Capital Florida, LLC, through wholly owned subsidiaries, also owns SHL. 

SHL acquired the described debt from Bank in America in April 2020. 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 5 of 18
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owe payroll taxes for the prepetition payroll period only in the approx. amount of $75,000 and 

sales taxes as of September 22, 2020 in the approx. amount of $130,000. 

13. Anticipated emergency relief to be requested within a few days (First Day Motions): 

a) Debtors’ Emergency Motion for (A) Authority to (I) Maintain Certain Bank 

Accounts and Continue to Use Existing Business Forms and Checks, and (II) Continue to 

Use Existing Cash Management System, and (A) Waiver of Certain Investment and 

Deposit Guidelines; 

b) Debtors’ Emergency Motion for Authorization to (I) Pay Certain

Prepetition Employee Obligations and Maintain and Continue Employee Benefits and 

Programs; and (II) For Banks and Other Financial Institutions to Honor and Process Checks 

and to Honor Transfers Related to Such Obligations; 

c) Debtors’ Emergency Motion Pursuant to Sections 105(a), 363(b), and 

503(b)(1) of the Bankruptcy Code for Authorization to Honor Certain Prepetition Customer 

Programs; 

d) Debtors’ Emergency Motion for Authorization to (I) Continue Insurance 

Programs and (II) Pay All Insurance Obligations; 

e) Emergency Motion of the Debtors for Interim and Final Orders (I) 

Authorizing Debtor (A) to Obtain Postpetition Financing from SHL Holdings, Inc.; and 

(B) to Utilize Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the 

Automatic Stay, (IV) Scheduling Final Hearing; and (V) Granting Related Relief; 

f) Application of the Debtors for an Order, on an Interim Basis, Authorizing 

the Employment and Retention of Meland Budwick, P.A. as Attorneys for the Debtors and 

Debtors-In-Possession Nunc Pro Tunc to the Petition Date; 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 6 of 18
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g) Application of the Debtors for an Order, on an Interim Basis, Authorizing 

the Employment and Retention of Ricki S. Friedman, Esq. and the Law Firm of Ricki S. 

Friedman PLLC as Special Counsel Nunc Pro Tunc to September 22, 2019; 

h) Application of the Debtors Pursuant to 11 U.S.C. §§ 105(a) and 363(b) to 

(I) Retain Algon Capital, LLC d/b/a Algon Group to Provide the Debtors a Chief 

Restructuring Officer and Certain Additional Personnel and (II) Designate Troy Taylor as 

Chief Restructuring Officer for the Debtors Nunc Pro Tunc to September 22, 2020; 

i) Debtors’ Motion Pursuant to Section 503(B)(9) of the Bankruptcy Code to 

Establish Procedures for Submitting and Resolving Claims Related to Goods Received 

Within Twenty Days Prior to the Petition Date; and 

j) Debtors’ Emergency First Omnibus Motion to Reject Unexpired Leases. 

Dated: September 23, 2020. 

s/ Michael S. Budwick 

Michael S. Budwick, Esquire 

Florida Bar No. 938777 

mbudwick@melandbudwick.com

Joshua W. Dobin, Esquire 

Florida Bar No. 93696 

jdobin@melandbudwick.com 

James C. Moon, Esquire 

Florida Bar No. 938211 

jmoon@melandbudwick.com 

MELAND BUDWICK, P.A. 

3200 Southeast Financial Center 

200 South Biscayne Boulevard 

Miami, Florida 33131 

Telephone: (305) 358-6363 

Telecopy: (305) 358-1221 

Proposed Attorneys for Debtors

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 7 of 18
Store No. Store Name Store Address City Stat

1000 Deerfield Office 3155 SW 10th St Deerfield Beach FL 

1001 Atlantic City 1 Atlantic Ocean, #1110 Atlantic City NJ 

1002 Aventura 19575 Biscayne Boulevard, #115 Aventura FL 

1003 Myrtle Beach 1211 Celebrity Circle, #136 Myrtle Beach SC 

1004 Universal 1000 Universal Studios Bloulevard, #120 Universal City CA 

1006 Plaza Bonita 3030 Plaza Bonita Road, #2268 National City CA 

1008 Deer Park 152 Arches Circle, Suite 407 Deer Park NY 

1010 Town Square 6587 Las Vegas Boulevard South, #176 Las Vegas NV 

1011 Jersey Shore 1 Premium Outlets Boulevard, #810 Tinton Falls NJ 

1012 Orlando 8200 Vineland Avenue, #118 Orlando FL 

1013 Emeryville 5624 Bay Street Emeryville CA 

1014 Grapevine Mills 3000 Grapevine Mills Parkway, Suite #413 Grapevine TX 

1016 Branson 809 Branson Landing Branson MO 

1017 Scottsdale 15147 N Scottsdale Road, #165 Scottsdale AZ 

1018 Baltimore Harbor 201 Pratt Street Baltimore MD 

1019 Valley Fair 2855 Stevens Creek Boulevard, #2231 San Jose CA 

1020 Tempe 2000 E Rio Salado Parkway, Space 1072 Tempe AZ 

1021 Downtown at the Gardens 11701 Lake Victoria Gardens AVE #2103 Palm Beach Gardens FL 

1022 Sunset Place 5701 Sunset Drive, #224 Miami FL 

1023 Opry Mills 122 Opry Mills Drive Nashville TN 

1024 The Venetian 3377 Las Vegas Boulevard S, Space 2030 Las Vegas NV 

1025 Fisherman's Wharf 333 Jefferson Street, Space B-101 San Francisco CA 

1027 Victoria Gardens 12485 N Mainstreet Rancho Cucamonga CA 

1028 NYC UWS 1870 Broadway- Unit B New York NY 

1029 Santa Cruz 110 Cooper Street, Suite 100-C Santa Cruz CA 

1030 Desert Ridge 21001 N Tatum Boulevard, #36-1170 Phoenix AZ 

1031 Southpoint 8030 Renaissance Parkway, Suite 925 Durham NC 

1032 Orlando 2 4973 International Dr. #3F.02 Orlando FL 

1033 West Delray 9169 West Atlantic Ave #112 Delray Beach FL 

1034 Gurnee Mills 6170 West Grand Ave# 477 Gurnee IL 

1035 Phoenix Premium 4976 Premium Outlets Way #414 Chandler AZ 

1036 Charleston 50 N. Market Street Charleston SC 

1037 Coney Island 1232 Surf Avenue Brooklyn NY 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 8 of 18
Store No. Store Name Store Address City Stat

1038 NoHo 665 Broadway New York NY 

1040 Washington DC 714 7th Street NW Washington DC 

1041 Fashion Island 1021 Newport Center Drive Newport Beach CA 

1042 Station Park 930 W Forbush Place #B100 Farmington UT 

1043 Huntsville 340 The Bridge Street #116 Huntsville AL 

1045 Atlantic Station 264 19th Street NW, Building 2 Suite 2100-B A Atlanta GA 

1046 Lynnfield 535 Market Street Lynnfield MA 

1047 Key West 117 Duval St Key West FL 

1050 Westgate 6751 North Sunset Blvd Suite E-107 Glendale AZ 

1051 Delray II- Atlantic Ave 250 E. Atlantic Avenue Delray Beach FL 

1052 Katy Mills 5000 Katy Mills Circle, Ste 631 Katy TX 

1053 National Harbor 6800 Oxon Hill Rd, Ste 880 National Harbor MD 

1054 UES 1542 3rd Avenue New York NY 

1055 Washingtonian 216 Boardwalk Place Gaithersburg MD 

1056 Riverwalk 500 Port of New Orleans Place, Ste. 150 New Orleans LA 

1057 Madison 542 State Street Madison WI 

1058 Country Club Plaza 445 West 47th Street Kansas City MO 

1059 Brooklyn 210 Joralemon St. Space E Brooklyn NY 

1060 Monterey 751 Cannery Row, Ste. 129 Monterey CA 

1061 Sevierville 1645 Parkway, Space 1125 Sevierville TN 

1063 3rd Street Prom 1427 3rd Street Promenade, Ste. # 102 Santa Monica CA 

1064 Pembroke Pines 406 SW 145th Terr Pembroke Pines FL 

1066 Summerlin 1980 Festival Plaza, Ste 195 Las Vegas NV 

1067 Rivercenter 849 E. Commerce St, #681 San Antonio TX 

1069 Niagara Falls 1803 Fashion Outlets Blvd, Space 284 Niagara Falls NY 

1070 Venice Beach 2017 Ocean Front Walk Venice Beach CA 

1071 VA Beach 209 Central Park Ave, Space # 3 Virginia Beach VA 

1072 Meridian 3693 E. Longwing Lane, Space #130 Meridian ID 

1073 Barefoot Landing 4722 C-Highway 17 South N. Myrtle Beach SC 

1074 Arundel Mills 7000 Arundel Mills Circle, Space 341 Hanover MD 

1075 Foxwood Outlets 455 Trolley Line Blvd, Ste 380 Mashantucket CT 

1076 Denver Pavilions 500 16th Street, 184A Denver CO 

1077 Coconut Creek 4437 Lyons Rd, Ste 103 Coconut Creek FL 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 9 of 18
Store No. Store Name Store Address City Stat

1078 Colorado Mills 14500 W Colfax Ave, Space 436 Lakewood CO 

1079 Parkside Commons 1164 Parkside Main Street Cary NC 

1080 Gaslamp 450 5th Avenue, space 101 San Diego CA 

1081 Destin Commons 4340 Legendary Drive, Space B114 Destin FL 

1082 Riverpark 540 Collection Boulevard Oxnard CA 

1083 Baybrook Mall 500 Baybrook Mall, S/B C128 Friendswood TX 

1084 Mall of America 270 North Garden Bloomington MN 

1085 New City 1538 N Clybourn Ave, Space A115 Chicago IL 

1086 American Dream 1 American Dream Way Suite G134 East Rutherford NJ 

1088 Sundance Square 503 Main Street Fort Worth TX 

1089 Rockville 130 East Gibbs Street Rockville MD 

1090 Liberty Center 7125 Haskell Street Liberty Township OH 

1091 Great Lakes 4250 Baldwin Rd #608, Auburn Hills, MI Auburn Hills MI 

1092 Destiny 1 Destiny USA Drive, J308 Syracuse NY 

1093 Ocean City 952 Boardwalk, Unit A&B Ocean City NJ 

1094 Mizner Park 339 Plaza Real Boca Raton FL 

1096 Wildwood 3008 Boardwalk Space #'s 308/310 Wildwood NJ 

1097 One Daytona 1860 Victory Cir, Space #M120 Daytona Beach FL 

1098 Domain 11621 Rock Rose Blvd, Ste 100 Austin TX 

1099 Palisades Center 4522 Palisades Center Dr West Nyack NY 

1100 Legacy Place 544 Legacy Place Dedham MA 

1101 Easton 121 Easton Town Center Columbus OH 

1102 Victory Park 2401 Victory Park Lane, Ste 170 Dallas TX 

1103 Grand Bazaar 3623 Las Vegas Blvd South, Ste 200 Las Vegas NV 

1104 Navy Pier 600 E. Grand Ave, Space FP-12, Chicago IL 

1105 Margaritaville 3230 Margaritaville Blvd, Ste E.140 Kissimmee FL 

1106 Sawgrass Mills 12801 W Sunrise Boulevard, 307 Sunrise FL 

1108 Bayside Temp Store 401 Biscayne Blvd Space S151 Miami FL 

1110 Wynwood 2516 NW 2nd Ave Space B Miami FL 

2025 FAO Schweetz 30 Rockefeller Plaza New York NY 

4001 Darien NB I95 Darien Northbound Rest stop (Exits 12-13) Darien CT 

4001 Darien NB I95 Darien Northbound Rest stop (Exits 12-13) Darien CT 

4001 Darien NB I95 Darien Northbound Rest stop (Exits 12-13) Darien CT 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 10 of 18
Store No. Store Name Store Address City Stat

4002 Darien SB I95 Darien Southbound Rest stop (Exits 10-9) Darien CT 

4002 Darien SB I95 Darien Southbound Rest stop (Exits 10-9) Darien CT 

4003 Milford SB I95 Milford Southbound Rest stop (Exits 41-40) Milford CT 

4003 Milford SB I95 Milford Southbound Rest stop (Exits 41-40) Milford CT 

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 11 of 18
SCHEDULE I

All of Debtor's right, title and interest now or hereafter acquired in and to the following (the

-Collateral"):

(a) All accounts, and all chattel paper, instruments, deposit accounts, letter of credit rights,

and general intangibles related thereto; and all returned or repossessed goods which, on sale or

lease, resulted in an account.

(b) All inventory.

(c) All equipment and fixtures now owned or hereafter acquired by the Debtor, (including,

but not limited to. the equipment described in the attached Equipment Description, if any).

(d) All of the Debtors deposit accounts with the Secured Party. The Collateral shall

include any renewals or rollovers of the deposit accounts, any successor accounts, and any general

intangibles and choses in action arising therefrom or related thereto.

All instruments, chattel paper, documents, certificates of deposit, securities and

investment property of every type.

(e)

(f) All general intangibles. The Collateral shall include all good will connected with or

symbolized by any of such general intangibles.

(g) All negotiable and nonnegotiable documents of title covering any Collateral.

(h) All accessions, attachments and other additions to the Collateral, and all tools, parts

and equipment used in connection with the Collateral.

(i) All substitutes or replacements for any Collateral, all cash or non-cash proceeds

(including insurance proceeds), products, rents and profits ofthe Collateral, and all income, benefits

and property receivable on account of the Collateral, and all supporting obligations covering any

Collateral.

(j) All books, data and records pertaining to any Collateral, whether in the form of a

writing, photograph, microfilm or electronic media, including but not limited to any computerreadable memory and any computer software necessary to process such memory.

Notwithstanding the foregoing, the Collateral shall not, in any event, include any of the following

(collectively, the "Excluded Property"): (a) equity interests in entities (other than wholly-owned

subsidiaries of It'Sugar LLC, a Delaware limited liability company ("Borrower")) to the extent requiring

consent of any third party or causing a default under the organizational documents of such entity; (b) any

EXHIBIT B

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 12 of 18
lease, license or other agreement or contract or any property subject to a purchase money security interest,

lien securing a capital lease or similar arrangement, in each case permitted to be incurred under the Credit

Agreement dated as ofAugust 24, 201 8, by and between Secured Party and Borrower (as amended, restated,

supplemented and otherwise modified from time to time, the "Credit Agreement"), to the extent that a grant

of a security interest or lien therein would require a consent not obtained or violate or invalidate such lease,

license or agreement or contract or purchase money arrangement, capital lease or similar arrangement or

create a right of termination in favor of any other party thereto (other than the Debtor or its wholly owned

subsidiaries), in each case after giving effect to the applicable anti-assignment provisions of the Uniform

Commercial Code as in effect from time to time in the State of Florida or any other applicable jurisdiction

(the "UCC") and other applicable law and other than proceeds and receivables thereof, the assignment of

which is expressly deemed effective under the UCC or other applicable law notwithstanding such

prohibition; (c) any property- subject to a Lien securing purchase money Indebtedness or Indebtedness under

a capital lease that is permitted under the Credit Agreement, to the extent the grant of the Secured Party's

Lien on such property is prohibited under or would result in a breach of the terms of any document

governing such Indebtedness; (d) any asset or property to the extent that the pledge thereof or the grant of

a security interest therein is prohibited by applicable law, rule or regulation, in each case after giving effect

to the applicable anti-assignment provisions of the UCC and other applicable law and other than proceeds

and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other

applicable law notwithstanding such prohibition; (e) any intent to use trademark applications prior to the

filing and acceptance with the United States Patent and Trademark Office of a "Statement of Use" or

"Amendment to Allege Use" with respect thereto, to the extent that, and solely during the period, if any, in

which, the grant of a security interest therein would impair the validity or enforceability of such intent-touse trademark application under applicable federal law; (f) equity interests of any "controlled foreign

corporation" within the meaning of Section 957(a) of the Internal Revenue Code of 1986, as amended (a

"CFC") or any direct or indirect subsidiary of Debtor that owns no material assets other than the equity

interests (or equity interests and Indebtedness) of one or more CFCs or FSCHCOs (a "FSHCO") other than

in the case of any first-tier CFC or first-tier FSHCO, the capital stock of such CFC or FSHCO not in excess

of 65% of the issued and outstanding voting capital stock and 1 00% of the issued and outstanding non

voting capital stock of such CFC or FSIICO; (g) any deposit accounts, securities accounts or similar

accounts owned by Debtor that are (i) zero balance accounts, (ii) payroll accounts, (iii) withholding and

trust accounts, (iv) escrow accounts (to the extent maintained exclusively by the Debtor and its subsidiaries

for the purpose of establishing or maintaining escrow amounts for third parties), (v) employee benefit

accounts, (vi) 401(k) accounts, (vii) pension fund accounts, (viii) tax withholding accounts (to the extent

maintained by the Debtor and its subsidiaries exclusively for the purposes of maintaining or holding tax

withholding amounts payable to applicable governmental authorities); and (i) those assets, if any, as to

which the Secured Party and the Debtor reasonably agree in writing that the cost ofobtaining such a securityinterest or perfection thereof are excessive in relation to the benefit to the Secured Party of the security to

be afforded thereby; provided, however, that "Excluded Property" shall not include any proceeds, products,

substitutions or replacements of any Excluded Property (unless such proceeds, products, substitutions or

replacements would otherwise constitute Excluded Property).

Schedule I - Page 2

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 13 of 18
Insured

Named 

CoveredEntity Policy Type Policy 

Number

Insurer Policy 

Inception Expiration

Policy Broker Premium incl taxes, 

surch, fees

Broker Contact Info BBX 

ProMaster 

gram

LLCIt'Sugar 

LLCIt'Sugar General Liability-$5K ded CC8GL000

30-201 Insurance Company

Everest Premier 08/01/20 08/01/21 AJG $64,517.00 Gladys Matthews 

713-358-5892Gladys_Matthews@ajg.com 

NO

LLCIt'Sugar 

LLCIt'Sugar Workers Compensation CC8WC000

32-201 Insurance Company

Everest Premier 08/01/20 08/01/21 AJG $184,710.00 Gladys Matthews 

713-358-5892Gladys_Matthews@ajg.com 

NO

LLCIt'Sugar 

LLCIt'Sugar 

YearsD&O, EPL, Fiduciary ERP 6 

00ML7602205 Argonaut Insurnace 10/30/16 06/16/23 AMWINS/R

Brokeragmpart 

e

$24,494.00 Unknown NO

LLCIt'Sugar 

LLCIt'Sugar Product Recall Expense BGPR0270

02

Berkley Assurance 08/01/20 08/01/21 RMSMaximum $3,252.90

999-4976EdP@MAXIB.com 813-Ed Perdomo NO

LLCIt'Sugar 

LLCIt'Sugar Rep & Warranty

0101

W1F0A717 Lloyds 06/16/17 06/16/23 Marsh $315,300.00

954-838-3506Kevin.P.Rogan@marsh.com 

Kevin Rogan NO

CorpCapital BBX 

LLCIt'Sugar Foreign Commercial Package WR100010

19

World Source 08/01/20 08/01/21 AJG $0.00

561-912-7849nvacations.comAntoinette.Hartman@bluegree

Toni Hartman YES

CorpCapital BBX 

LLCIt'Sugar 

Attack Property & LiabilityActive Shooter & Malicious 

020UTS256245 Hiscox 03/28/20 03/28/21 MaximumRMS $809.49

561-912-7849nvacations.comAntoinette.Hartman@bluegreeToni Hartman YES

CorpCapital BBX 

LLCIt'Sugar 

primaryNetwork Liability- $6M 

1601-382-47-

Insurance Co of PittNational Union Fire 06/01/20 06/01/21 NFP $10,035.00

561-912-7849nvacations.comAntoinette.Hartman@bluegreeToni Hartman YES

CorpCapital BBX 

LLCIt'Sugar 

excessNetwork Liability- $4M 100038655 QBE 06/01/20 06/01/21 NFP incl above

561-912-7849nvacations.comAntoinette.Hartman@bluegree

Toni Hartman YES

CorpCapital BBX 

LLCIt'Sugar Excess-$15M xs $15M CX00DEQ2

0

Aspen 08/01/20 08/01/21 AJG $85,562.00

561-912-7849nvacations.comAntoinette.Hartman@bluegreeToni Hartman YES

CorpCapital BBX 

LLCIt'Sugar Umbrella -$15M

80-021XC5EX010 Everest National 08/01/20 08/01/21 AJG incl above

561-912-7849nvacations.comAntoinette.Hartman@bluegree

Toni Hartman YES

CorpCapital BBX 

LLCIt'Sugar Special Crime

57.19

UKA30107 Hiscox 05/17/19 05/17/22 JLT $500.00

561-912-7849nvacations.comAntoinette.Hartman@bluegree

Toni Hartman YES

EXHIBIT C

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 14 of 18
Insured

Named 

CoveredEntity Policy Type Policy 

Number

Insurer Policy 

Inception Expiration

Policy Broker Premium incl taxes, 

surch, fees

Broker Contact Info BBX 

ProMaster 

gram

CorpCapital BBX 

LLCIt'Sugar 

Primary)Property (10% of $10M 

001D42304426 CX 

Insurance CompanyAce American 04/01/20 04/01/21 AJG $181,950.44 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

Primary)Property (20% of $10M 

01500ESP300016

CompanySpecialty Insurance Endurance American 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

Primary)Property (15% of $10M 

2-01100040256 Ironshore 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Property ($10M Primary) EW009722

0

Lloyds Underwriter 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

Primary)Property (5% of $10M 

4DF0001066

Capital)Ins Co (Kemah National Fire & Marine 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$10M)Property (10% of $15M xo 

20ELF636879-

Insurance CompanyAXIS Surplus 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$10M)Property (23.33% of $15M xo 

0000658923

CompanyLexington Insurance 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Property ($15M xo $10M) EW009742

0

Lloyds Channel 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$10M)Property (11.33% of $15M xo 

0015B20-ASC- Various - Risk Smith 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

deductibles)Property (20% of $25M xo 

01500ESP300016

CompanySpecialty Insurance Endurance American 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

deductibles)Property (15% of $25M xo 

0301W233D220

at Lloyds London(Beazley) Underwriters 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 15 of 18
Insured

Named 

CoveredEntity Policy Type Policy 

Number

Insurer Policy 

Inception Expiration

Policy Broker Premium incl taxes, 

surch, fees

Broker Contact Info BBX 

ProMaster 

gram

CorpCapital BBX 

LLCIt'Sugar Property ($25M Primary) EW009662

0

Lloyds Argo 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$25M)Property (8.33% of $25M x/o 

0PX00G6Y2

Insurance CoAspen Specialty 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$25M)Property (20% of $25M x/o 

002D42265925 

CompanyLines Insurance Westchester Surplus 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$100M)Property (100% of $25M x/o Various QBE Specialty Ins, 

Starstone SpecialtyIndemnity Co of AZ & General Security 

04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$50M)Property (15% of $50M xo 

00003665-001-B-XPInsurance Co Ategrity Specialty 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$50M)Property (10% of $50M xo 

55A73PRX20A

CompanyHallmark Specialty Ins 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Property ($50M x/o $50M) EW009772

0

Lloyds Fidelis 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$25M)Property (20% of $75M x/o 

93-201CA3X0015

CoEverest Indemnity Ins 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$25M)Property (33.33% of $75M xo 

1286320SLSTPTY1

Insurance CoStarr Surplus Lines 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$25M)Property (10% of $75M x/o Various Velocity (Independent 

Underwriters at Lloyds)Co; Certain Interstate Fire & Cas Specialty Ins Co; 

04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 16 of 18
Insured

Named 

CoveredEntity Policy Type Policy 

Number

Insurer Policy 

Inception Expiration

Policy Broker Premium incl taxes, 

surch, fees

Broker Contact Info BBX 

ProMaster 

gram

CorpCapital BBX 

LLCIt'Sugar 

$10M)Property (8.33% of $90M x/o 

P013853MKLV14X Evanston Insurance Co 04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Terrorism Policy FC0272220 Underwriters at Lloyds 

London

04/01/20 04/01/21 AJG incl above Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

Liability ($5 M xs $500K)Employment Practices 

1181993QPL- QBE 11/15/19 11/15/20 Marsh $7,939.62 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

Liability Excess ($3 xo $5)Employment Practices 

201V2533F190 Beazley 11/15/19 11/15/20 Marsh $4,820.48 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

M/$1M retention)Directors & Officers ($10 PE2002178 Beazley 08/10/20 08/10/21 NFP $5,901.75 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 1st Excess D&O ($5 xs $10) 100040384 QBE 08/10/20 08/10/21 NFP $1,859.00 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 2nd Excess D&O ($5xs $15) PE2002193 Hiscox 08/10/20 08/10/21 NFP $1,523.37 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 3rd Excess $5M xs $20M PE2002194 Starpoint 08/10/20 08/10/21 NFP $1,234.46 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 4th Excess $5M xs $25M DO2020108

1-01

CapSpecialty 08/10/20 08/10/21 NFP $852.00 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 5th Excess $5M x $30M MLX42616

23-0

Argo 08/10/20 08/10/21 NFP $1,100.00 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Side A DIC $10M ELU169573-

20

AXA XL 08/10/20 08/10/21 NFP $900.00 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 17 of 18
Insured

Named 

CoveredEntity Policy Type Policy 

Number

Insurer Policy 

Inception Expiration

Policy Broker Premium incl taxes, 

surch, fees

Broker Contact Info BBX 

ProMaster 

gram

CorpCapital BBX 

LLCIt'Sugar 

$10MExcess Side A DIC $5M x 

327BPRO8053 Berkley 08/10/20 08/10/21 NFP $440.00 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Crime Coverage ($10M) V20CB519

0301

Beazley 11/15/19 11/15/20 Marsh $3,127.76 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

($10M xs $10M)Crime Coverage -Excess ELU164867-

19

XL Specialty Ins. Co. 11/15/19 11/15/20 Marsh $2,362.04 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar 

$25k ret)Fiduciary Liability ($10 - 

0301V20CCA19 Beazley 11/15/19 11/15/20 Marsh $25.52 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

CorpCapital BBX 

LLCIt'Sugar Fiduciary Liability Excess QPL1167432 Beazley 11/15/19 11/15/20 Marsh $8.72 Toni Hartman

561-912-7849nvacations.comAntoinette.Hartman@bluegree

YES

Case 20-20259-RAM Doc 8 Filed 09/23/20 Page 18 of 18